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Automotive Transmission Market growth drivers in 2018 & Challenges by 2026

The thriving automotive industry in conjugation with increased inclination towards use of personal vehicles during the COVID-19 pandemic situation has enabled the global automotive transmission industry to carve out a profitable growth map for itself in the upcoming years. Moreover, elevating demand for electrical vehicles owing to the fluctuating fuel prices in tandem with stringent government regulations is anticipated to propel the global market dynamics over 2020 to 2026.

The demand for automatic cars in Europe, subject to the widespread penetration of automated manual transmission amongst a large population base has offered a significant boost to the overall automotive transmission market. It has been observed that automated manual transmission has the ability to bridge the price gap between manual and automatic cars, allowing the drivers to leverage a seamless experience. Further, introduction of automatic cars in small car segment aligned with increased fuel efficacy in line with adverse traffic conditions is projected to fuel the AMT demand across the region in the ensuing years.

 

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Elaborating further in the regional aspects, North America is also anticipated to stand tall in the overall automotive transmission industry, courtesy- escalating demand for commercial vehicles. In fact, as per OICA statistics, the United States recorded over more than 8 million commercial vehicle production in 2019, a count which is only likely to grow in the upcoming years. Growth in the regional market is poised to predominantly come from government intervention pertaining to the enforcement of numerous regulations to potential manage the goods being carried in the CVs.

 

Say for instance, in the States, the FMCSA or Federal Motor Carrier Safety Administration, looks after the prevention of injuries and fatalities related to vehicles. Besides, the body also regulates the size of goods being carried in a vehicle.

 

Distribution channel for automotive transmission systems plays a pivotal role in the overall growth of the market. Speaking of which, OEMs are likely to come up as a strong contender in the near future. For the record, OEMs held around 98 per cent of the product sales in 2019 and projected to grow at a rate of 4 per cent through 2026, subject to the low rate of transmission system replacement. However, reports suggest that after-market is also gaining massive traction globally on the grounds of transcending trend of transmission upgrades, perhaps due to the emergence of new technologies associated with the same.

 

The global automotive transmission industry has been divided into different domains including transmission segment, engine segment, gear segment, regional outlook, and distribution channels. Highlighting the basics of gear segment, it is observed that automotive transmission market from less than 5 gears sector would accrue tremendous gains in the ensuing years, given its rising demand across light duty vehicles due to the product’s fuel and price efficiency.

 

Ongoing advancements in the field have compelled automotive transmission market players to brainstorm into the possibilities of novel product launches, potential acquisitions or mergers, and facility expansion. For instance, prominent automakers, Hyundai and Kia have announced working closely for the development of world’s first predictive automatic transmission system. As per reliable reports, both the companies have filed nearly 40 major patents while designing the ICT Connected Shift System in the province of South Korea and overseas. A major benefit produced by the system is that it would allow the vehicle to identify the traffic and road conditions ahead, and automatically shift to optimal gear based on the analysis obtained.

 

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These trends and initiatives offer a glimpse of the impending scenario of the overall automotive transmission market, which as per Global Market Insights, Inc., report would account for a valuation of USD 281.3 billion by the end of 2026.

Key Players operating in automotive transmission industry are Aisin Seiki Co., ZF Friedrichshafen AG, Getrag Corporate Group, Jatco Ltd., Magna Powertrain, GKN PLC, BorgWarner Inc., Allison Transmission Inc., Eaton, Volkswagen Group, Kia Motors, Ford Motors, General Motors

 

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Cardiac Arrhythmia Monitoring Devices Market Trends Information and Competitive Landscape Scenario to 2026

The cardiac arrhythmia monitoring devices market is expected to witness exponential growth based on rising cases of cardiovascular diseases and increasing need for health monitoring solutions. Adoption of hectic lifestyle and unhealthy habits like excess consumption of sugar-rich diet, smoking, lack of physical activity and alcoholism cause a number of chronic cardiovascular diseases (CVDs). 

 

According to reports, arrhythmia and sudden cardiac death (SCD) account for a major public health issue globally, constituting almost 15% to 20% of all deaths. The U.S alone has an estimated 180,000–300,000 deaths annually from sudden cardiac arrests.

 

This has compelled several manufacturers to develop advanced cardiac arrhythmia monitoring devices with enhanced portability and detection features. For patients suffering from arrhythmia, monitoring heart condition is a crucial part for maintaining overall health. With the advent of remote cardiac monitoring systems, patients can keep a tab on their heart’s condition regularly. 

 

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These remote monitoring devices help lower the risk of hospitalization and offer early detection than other clinical alternatives. Moreover, patients with remote monitoring systems usually have a 2x probability of survival. According to a report published by Global Market Insights, Inc., the cardiac arrhythmia monitoring devices market had garnered a valuation of more than USD 5.7 billion in 2019 and is anticipated to record a CAGR of 6.8% by the end of 2026.

 

Drastic lifestyle changes come as the prominent cause of CVDs, specifically cardiac arrhythmias. With surging burden of bradycardia, atrial fibrillation, and atrial flutter, the demand for continuous monitoring and diagnosis of cardiac parameters is estimated to thriftily rise by the end of the projected timeframe. 

 

In terms of end-use, the cardiac arrhythmia monitoring devices industry is bifurcated into diagnostic centers, hospitals and clinics, homecare settings and ambulatory surgical centers. Out of these, the homecare settings segment is projected to witness remarkable growth, accounting for almost USD 950 million by the end of 2026. Growing inclination towards remote patient monitoring systems, especially across emerging countries, could proliferate industry growth over the forthcoming years. 

Growing emergence of smart wearable cardiac devices that facilitates continuous monitoring even at remote locations could enhance the business outlook in the future. Hence, rising availability of such devices supported by burgeoning disposable income could broaden the revenue stream for monitoring device manufacturers.

 

On the regional front, Europe is considered to be a promising market for the developers of cardiac arrhythmia monitoring devices. Earlier in 2019, the regional market had generated USD 1.7 billion and is currently in line to record considerable revenue growth within the forecasted timeframe. Factors like strong presence of prominent industry participants along with booming geriatric patient pool could play a vital role in driving the demand for cardiac monitoring instruments in Europe. 

 

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Companies operating in the cardiac arrhythmia monitoring devices market are concentrating on expanding their market presence by implementing tactical business strategies like product innovations and collaborations. Taking July 2020 for instance, Biotronik bagged an FDA approval for its newly developed cardiac monitor, Biomonitor III. This new product launch would help Biotronik to strengthen its market position and enhance its product portfolio.

 

Key players operating in cardiac arrhythmia monitoring devices market are Applied Cardiac Systems, AliveCor, Biotronik, Biotricity, BioTelemetry, GE Healthcare, iRhythm Technologies, Koninklijke Philips N.V., Medtronic plc, Nihon Kohden Corporation, St. Jude Medical (Abbott Laboratories), Spacelabs Healthcare (OSI Systems, Inc.), Welch Allyn (Hillrom Services, Inc.)

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Fiberglass Filters Market Overview by Growth Opportunities and Forecast over 2020-2026

The fiberglass filters market is projected to observe remunerative growth over the coming years due to the increasing prevalence of airborne diseases across the globe. In addition, rapid growth of the paints industry, primarily due to the increasing commercialization and construction should further drive the product demand over the coming years. Fiberglass filters are extensively used while painting as filters for the workers. As per a research report by Global Market Insights Inc. the global fiberglass filters market is likely to reach a valuation of $1.3 billion by 2026.

 

The expansion of the construction industry across various developed and developing countries is likely to drive the demand for fiberglass filters through the forecast timeframe. In fact, in 2018, US President Donald Trump unveiled a significant investment of $1.5 trillion for the development of public infrastructure and construction the country. This investment would be used over the next 10 years to repaid and upgrade USA’s public infrastructure. Such initiatives are likely to majorly fuel the demand for fiberglass filters.

 

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On the regional front, increasing product demand from the transportation sector is likely to foster the North America fiberglass market share over the coming years. in fact, the regional market is projected to exceed a valuation of $20 million by the end of 2026. Increasing product use in transportation with an aim to reduce pollution levels and also supply clean air should complement the regional market outlook further. In addition, mounting investments in the transportation industry along with the rising customer shift towards energy efficiency, IAQ (Indoor Air Quality), and system performance are likely to stimulate regional market size.

 

Speaking of the regional landscape, Italy fiberglass filters industry is estimated to foresee tremendous growth through the furnace unit usage segment. In fact, the regional market is projected to observe gains of more than 5.5% by the end of the analysis period. The furnace units are likely to observe significant deployment owing to their ability to filter large airborne particles and liquids in air conditioner and furnace units. The furnace unit filters are inexpensive, disposable, and effective which predominantly increases their demand globally. Moreover, the increasing HVAC systems requirement in Europe owing to the developing pharmaceuticals sector should thereby stimulate the overall market size.  

 

Apart from Italy, China fiberglass filters industry is estimated to witness gains of more than 5% through the forecast timespan owing to a growing demand from the country’s food and beverage application segment. An upsurge in the disposable income of the regional population, changing demographics, and busier lifestyle has increased the consumption of a variety of processed food and beverages in recent years. Moreover, technological advancements in the field of food processing have fostered the segment share in the region.

 

Meanwhile, market players are increasingly rolling out new products to better address a diverse array of customer requirements. Taking September 2019 for instance, Camfil, a renowned air filters developer and manufacturer company reportedly launched a new Camfil Megalam Energuard HEPA filter. This new filter is developed for the life science industry. The HEPA filter’s main goal is to overcome installation errors arising in a new cleanroom or preventing an expensive room failure in an existing cleanroom. 

 

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The competitive landscape of the fiberglass filters industry is inclusive of players such as Tri Dim, AAF, Mahle Industrial Filtration, Superior Fibers, Smith Filters, Camfil, and Troy Filters.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Used Construction Equipment Market Study by Application, Segmentation and Regional Outlook to 2026

The study is titled ‘Used Construction Equipment Market Research Report’, in which extensive research has been undertaken by analysts and a detailed evaluation of the global market has been provided. The report includes an in-depth, extensive study of this market in tandem with vital parameters that are likely to have an effect on the market commercialization matrix.

 

A highly analytical qualitative as well as quantitative evaluation of the global market has been covered in this report. The study evaluates the myriad aspects of this industry by taking into consideration its historical and forecast data. In the research report, substantial details about Porter’s five force model, alongside a SWOT analysis as well as a PESTEL analysis of the market are also provided. 

 

The Used Construction Equipment Market report coverage is inclusive of various parameters such as the market size, regional growth opportunities, major vendors in the market, drivers and constraints, segmental analysis, as well as the competitive landscape.

 

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The main intent of this report is to list down numerous updates and data with respect to the market and also to note the various growth opportunities that are likely to help the market expand at an appreciable rate. An in-depth synopsis of the Used Construction Equipment Market as well as a well-detailed set of market definitions and overview of the industry have been provided in the report.

 

The abstract section includes information on the market dynamics. This is further inclusive of the drivers boosting the market growth, market restraints, trends defining the industry, as well as the many growth opportunities prevailing in the industry. Also, details on the pricing analysis in tandem with the value chain analysis have been provided in the study. Historic figures and estimates with respect to the growth of this market throughout the forecast period have been entailed in the study.

 

The Used Construction Equipment Market report consists of information related to the projected CAGR of the global industry over the forecast period. Also, the numerous technological developments and innovations that are likely to drive the global market share over the anticipated period are mentioned in the study.

 

The data in Used Construction Equipment Market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others.  The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Absorption Chiller industry including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research.

 

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Major players operating in the Used Construction Equipment Market are: - Caterpillar, Inc., Komatsu Ltd., Hitachi, Volvo, Terex, Liebherr, John Deere, and Goosmann Baumaschinen GMBH

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Fiberglass Light Poles Market 2020 – 2026 | In-depth Analysis by Driving Factors with Leading Players

Driven by rapid development of smart city projects and street lighting infrastructure across several countries, the global fiberglass light poles market is poised to observe a commendable growth over the ensuing years. Moreover, considerable advancements in the fiberglass technology coupled with rising demand for lightweight and robust strength light poles will propel the industry outlook. According to Global Market Insights, Inc. report fiberglass light poles market is estimated to surpass USD 550 million by 2026.

 

Considering the enormous opportunities for street lighting installation, several industry players are focusing on implementing business strategies pertaining to mergers and acquisitions in order to expand their production capacity as well as bolster their global footprint. For instance, in 2020, Signify, one of the leaders in lighting industry announced the acquisition of Cooper Lighting Solutions which is expected to help them enhance their connected lighting solutions and optimize their operational efficiency. Reportedly, this strategic move helped Signify strengthen its position in North America market with more innovative and competitive product offering.

 

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Growing urban residential and commercial projects find extensive usage of fiberglass light poles for street lighting on account of their conducive attributes including excellent sturdiness and resilience against adverse climatic conditions, which has to some extent, influenced the overall expansion of the market. 

 

Fiberglass light poles market is bifurcated into various segments based on type, application and regional landscape.

 

In terms of product type, round tapered fiberglass segment is estimated register 3% CAGR over the analysis timeline on account of surging demand for outdoor lighting applications. The product offers UV-inhibiting polyurethane coating along with maximum nominal mounting height up to 40’ and a wider base. Additionally, growing need for decorative lighting poles will significantly contribute to the segmental growth. 

 

Based on the application bifurcation, government applications and projects are expected to witness an elevating demand for durable and low-cost light poles which will positively influence the growth of fiberglass light poles market over the forthcoming years. Government application segment had secured a market share of over 40% in 2019 and may register 3.0% CAGR through 2026, on account of large scale use of fiberglass light poles for enhancing lighting conditions in highways, museums, waterways and parks projects. Further, fiberglass light poles offer extended lifespan and durability while boasting of the non-conductive and anti-corrosion materials which makes them appropriate for government applications

 

For instance, in 2019, UK’s Wiltshire Country Council announced investing into Telensa for expanding the facility’s deployment of 7000 PLANet intelligent street lighting systems across the country. The company controls previously installed 35,000 lights in this area. Reportedly, the project has significantly reduced maintenance cost and energy consumptions.

 

Based on regional terrain, Asia Pacific fiberglass light poles market is projected to dominate the overall industry with an overall business share of more than 39% by 2026. This growth can be attributed to rising preference for multi-functional light poles in the countries including Japan, China and India. Moreover, increasing initiatives by various country led companies would also stimulate the regional market dynamics in the coming years. 

 

For instance, Bharat Sanchar Nigam Limited (BSNL Ltd.), an Indian public sector telecommunications organization, collaborated with Nokia Corporation for the deployment of fiberglass based smart poles across India. These poles offered features of integrated LED lights and IoT technology for supporting the functionalities of smart cities.

 

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The companies operating in the market such as PLP Composite Technologies, Aeron Composites Pvt Ltd., ElsewedyElectric.com, Valmont Industries Inc. and Lithonia Lighting, Inc. are also laying immense focus on launching a wide range of robust fiberglass light poles. 

 

Citing a vital testament for the aforementioned, . in 2019, NAFCO International, Inc. announced the launch of new high strength & lightweight fiberglass light poles. These new poles are said to possess extreme wind tolerance and are ideal for windy coastal regions. This product helped the company to provide improved offering for residential as well as commercial applications.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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High Speed Blowers Market Expected to Secure Notable Revenue Share by 2026

High speed blowers market is estimated to observe a commendable growth over the ensuing years on account of a wide number of industrial applications including oil & gas, wastewater treatment, chemical, marine and so on. High speed blower technology was introduced as a solution for enhancing the efficiency of blower units and reducing power expenses along with generating reliable air supply for aeration. This technology features high energy-efficiency, environmental friendliness, low noise and minimum maintenance.

 

Besides, growing awareness for sustainable development coupled with mandatory supply of clean consumable water will significantly contribute to the market growth.

 

Turbo blowers industry is projected to witness a surging demand globally as a result of increasing awareness regarding clean drinking water. Several developing economies including China, Brazil, India and South Africa are experiencing a considerable decline in the degree of consumable water due to growing industrial activities. Water contaminants are claimed to impact both aquatic life as well as human health. Furthermore, rising oceanic concerns are fueling the water treatment operations, thereby driving the high speed blowers market. According to Global Market Insights, Inc. report, high speed blowers market is poised to reach USD 780 million by 2026.

 

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High speed blowers market is bifurcated into various segments on the basis of technology, end-use and regional landscape.

 

In terms of end-use bifurcation, oil & gas segment is expected to witness a substantial growth over the coming years attributing to the wide scale application of high speed blowers for air circulation in cooling siphons and hydraulic power plants. For the record, the segment had accounted for more than 25% of the market share in 2020.

 

In terms of technology, magnetic bearings segment is projected to register significant growth owing to its extensive usage in oil and gas applications including vacuum energy storage, high-precision instrumentation and heavy cooling. Magnetic bearings offer several advantages such as high reliability, lower noise, lesser wearing along with low maintenance. Moreover, the most important advantage of magnetic bearing technology is that it eliminates the use of air while operating the machine and makes it independent of downstream conditions arising from an operational fault.

 

Considering the advantages of magnetic bearings, manufacturers in the industry are witnessing an upsurge in the product demand, prompting them to develop more sophisticated product range. For instance, in 2018, Atlas Copco launched a new generation air blower ZB 5-6 VSD+ based on magnetic bearing technology. The company claims that the product is suitable for wastewater treatment, food & beverage, pneumatic conveying, etc. Apparently, this product helped the company extend their product portfolio and serve their customers with efficient product offering.

 

Based on the regional terrain, Latin America high speed blowers market is estimated to grow at a CAGR of 2.5% over the forecast timeframe on account of rapidly increasing urbanization and industrialization in the countries such as Colombia, Brazil, , Argentina and Mexico.

 

Argentina faces severe issues regarding access to consumable water and proper sanitation services. In wake of this, in 2017, the government announced its plan to increase the investment in water treatment projects. As a part of this initiative the government allocated USD 350 million of the total fund raised from Inter-American Development Bank (IDB) towards improving the sanitation and water treatment activities in metropolitan region of Buenos Aires. This project also focused on improving the operational capacity of Las Catonas treatment plant. Such projects will drive the demand for high speed blowers in the region.

 

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Prominent industry players in the industry including Xylem, HSI Blower, Atlantic Blower, Zi-Argus, United Blower Co., Aerzen Turbo Division, APG-Neuros, Spencer Turbine, Eminent Blowers and LLC are focusing on implementing strategies such as collaborations, mergers and new product launches in order to develop technologically advanced products and gain a strong foothold in the market.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Automotive Brake Pads Market is Projected to Witness Exponential Growth by 2026

The global automotive brake pads market is estimated to foresee immense growth over the coming years due to an upsurge in automobile fleets, consistent rise in aftermarket product demand, and the steadily increasing automotive sales. Frequent launch of new passenger vehicle models, which are being launched with multiple attractive promotional offers by automotive dealers to boost sales would further compliment industry outlook. Considering these factors, Global Market Insights Inc., estimates, automotive brake pads market would likely surpass a momentous $14.7 billion valuation by 2026.

 

In fact, the aforementioned strategy has proven to be highly effective in bringing in results and augmenting revenue growth. According to the Invest India, in FY2018-19 passenger vehicle sales grew by more than 2.70%. Additionally, during April-March 2019, overall automobile exports witnessed a significant growth of 14.50% and the overall commercial vehicle segment witnessed a growth of about 17.55% during the same period.

 

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With respect to material, the low metallic NAO segment is projected to expand at a healthy growth rate of about 3.8% over the coming years. These brake pads are comprised of a heavy concentration of mineral abrasives in order to provide enhanced stopping power. The product is manufactured through an organic formula mix with a small amount of copper or steel added to the formulation to help support a better level of heat transfer and provide efficient braking.

 

In terms of vehicle, the heavy commercial vehicles (HCV) segment held a significant revenue share of more than $124 million in 2019 with industry estimates anticipating it to register remunerative growth owing to the rapidly growing construction and logistics sector. These vehicles frequently work with immense loads and thus need an efficient braking system to improve safety. In addition, the ongoing expansion of private and public transportation industries across developing countries should further propel the segment share over the coming years. Taking March 2019 for instance, Meyle unveiled new brake pads designed for heavy vehicles that decrease braking distance and enhance the braking performance of HCVs.

 

Geographically, an upsurge in R&D investments by market players to offer optimum quality products is expected to majorly propel the Latin America automotive brake pads market share through the forecast timeframe. In fact, the regional market share is projected to expand at a decent CAGR of approximately 3.2% through the analysis period. Furthermore, Brazil and Mexico are likely to lead the regional product demand owing to increasing sales of automotive brake pads across these nations. Stringent norms that focus on banning the use of asbestos-based products owing to health issues would further augmenting the regional market share.

 

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Major market players in the automotive brake pads industry are establishing new plants across new locations in order to strengthen their regional footprints and boost revenues. Citing an instance, in 2019, Sangsin Technology America, the U.S. arm of South Korean brake manufacturer, reportedly announced its plan to build a $20 million factory in McDonough, Georgia. The company would manufacture aftermarket brake pads, as well as other friction products.

 

The competitive landscape of the global automotive brake pads market is inclusive of players such as Brakewel Automotive Components India, Ranbro Brakes India Limited, KFE brakes system, Sangsin Brakes, Hunan Boyun Automobile Brake Material Co Ltd, Double Link, HAWK Performance, Hitachi Chemical, WAGNER, Nisshinbo Brake Inc., and ICER BRAKES among others.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Aerospace Accumulator Market Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2026

Growing urbanization and rising popularity of air travel attributing to more convenience and less travel time is anticipated to increase the demand for aircrafts thereby stimulating aerospace accumulator market over the coming years. As a result of affordable and safer air travel there has been a notable surge in the volume of air passengers which has increased the demand for airplanes. According to Global Market Insights, Inc. report, aerospace accumulator market is projected to surpass USD 8.8 million by 2026.

 

Various countries across the globe have considerably increased their defense budget for strengthening the national security which is likely to impel the demand for aerospace accumulator. For instance, during FY 2020, the U.S. had observed a growth of more than 7% in the defense budget as compared to that during FY 2018. Additionally, the U.S. government is intending to increase the military budget to over USD 721.5 billion in the FY 2020. Further, technological advancements in accumulator pertaining to components with lower weight components and improved strength will result in increased product demand.

 

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The overall aerospace accumulator market is typically fragmented into different segments including the product, aircraft type and regional landscape.

 

In terms of product, bladder accumulator segment is estimated to grow at a CAGR of 3% over the forecast timeframe. These accumulators find extensive use in hydraulic systems of passenger aircrafts for energy storage application. Bladder accumulator features light weight, higher frequencies of charging and discharging, lower maintenance, and improved overall system handling. Furthermore, rising aircraft production along with burgeoning demand for new generation aircrafts will significantly drive the segmental growth.

 

Considering the  aircraft type, business jets segment is expected to mark a substantial growth during the ensuing years on account of increasing globalization and rising multi-national business activities. Geographic expansion of several large organizations has increased the overseas operations which necessitates their employees to travel to several destinations for managing and developing their business ventures. This has indeed laid a positive impact on the segmental growth. 

 

Owing to growing inter-continental business operations, the demand for business jets has significantly increased, which has ultimately prompted the industry players to  focus on providing superior product to their clients while  enhancing the company’s  market position. Citing an instance, in 2020, Embraer inked a deal worth USD 14 billion with one of the global leaders in private jet travel- Flexjet. Under this deal, Embraer had announced the delivery of its recently certified Phenom 300 and Praetor jets, thereby bolstering their enduring partnership.

 

On the grounds of the regional landscape, Asia Pacific aerospace accumulator market is expected to witness a commendable growth owing to rising number of air passengers in the region. Growing economy, increasing preference for low-cost air carriers coupled with an upsurge in disposable income are some of the pivotal factors contributing to the growth of regional market. Additionally, elevating demand for military and commercial aircrafts from countries such as China and India will positively influence the industry growth.

 

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Elaborating on the demand of military aircrafts in the region, in 2020, the Indian Air Force had issued a tender to procure 114 jets with an investment of USD 18 billion. On account of this, Lockheed Martin, a leader in the U.S. aerospace industry, offered its F-21 fighter jets claiming its robust functioning and ability to act as a suitable proposition for “Make in India” initiative. This move would allow India to enter a largest ecosystem of fighter planes while also enabling Lockheed Martin to establish a long-term. partnership with Indian aerospace industry.

 

Prominent market  players operating in the industry are focused on developing technologically advanced products in order to improve their offering and gain a competitive edge in the market. Some of the renown names in the market are Senior Aerospace, Eaton Corporation, Triumph Group, Woodward, Haydac Technologies, APPH Group, Parker Hannifin and Valcor Engineering.

 

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Cranes Rental Market Study by Application, Segmentation and Regional Outlook to 2026

The global crane rental market is projected to foresee tremendous growth over the coming years due to the increasing demand for gantry cranes and monorails across the transportation and logistics industry. Furthermore, companies offering crane rental service are increasingly collaborating with transportation companies and port authorities to increase the rental cranes adoption across these industries.

 

Likewise, companies are adding new cranes to their portfolio to attract more customers and increase their revenues as well. Citing an instance, in May 2019, Ideal Crane Rental reportedly announced that it has expanded its fleet through the addition of three new Liebherr mobile cranes; LTM 1100-5.2, LTM 1160-5.2, and LTM 1450-8.1. Each of these cranes will address a specific need for the firm, as per the company. Such fleet expansions are expected to become more frequent and outline industry growth prospects.

 

According to a Global Market Insights Inc., research report, the crane rental market is likely to surpass a valuation of $16.5 billion by 2026.

 

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With regards to type, the mobile crane segment is estimated to observe massive expansion over the coming years, primarily due to the increasing adoption of truck loader cranes by transportation and utility distribution contractors. Furthermore, crane rental companies are increasingly introducing new truck loader cranes in their product portfolios to address the rising demand. Taking September 2018 for instance, AW Leil Cranes and Equipment improved its fleet of mobile crane rentals through a 115 ton hydraulic truck crane to fulfill the versatile consumer demands.

 

In addition to the truck loaders, the type segment would also observe heavy expansion due to the increasing demand for rough terrain cranes. These machines are observing a significant deployment, particularly across the mining sector. The exceptional ability of rough terrain cranes to work for long hours in tough environmental conditions is majorly augmenting their demand.

 

On the regional front, the Latin America crane rental market is observing a massive growth due to the rising level of industrialization and urbanization across the region. In addition, increasing instances of people migrating from rural areas to urban regions is augmenting the need for commercial and residential infrastructure, which is expected to propel the regional market share through the analysis time period.

 

Meanwhile, several crane rental industry players are focusing on forging long-standing partnerships deals with prominent equipment providers as well as large customers to effectively boost their market share. Equipment providers, on their part are focusing on new product launched to stand out and refine their product portfolios. In fact, recently in July 2020, renowned industry player, Elliott Equipment announced the launch of its novel crane cab, which it would be making available for all Elliott cranes that have capacities that are 30 tons and above.

 

Additionally, market players are expanding their business across various locations in order to grow their regional footprints and increase their revenues. Citing an instance, in July 2020, Maxim Crane Works, a leading crane rental and service provider in the United States, reportedly announced that it launched three new office locations across St. Louis, Kansas City, and Denver.

 

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The competitive landscape of the global crane rental market is inclusive of players such as ALL Erection Crane Rentals, Mammoet, United Rentals, Inc., Starlog Enterprises Limited, Prangl Gesellschaft, Maxim Crane Works, and Elliott Equipment Company among others.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Outdoor Furniture Market 2020 – 2026 | Industry Segments, Trends and Regional Analysis

The ongoing expansion of the commercial sector across the world is slated to propel the global outdoor furniture market revenues through the forthcoming timeframe. Commercial establishments like hospitality, educational institutes, and offices are creating immense demand for outdoor furniture products, particularly across developing nations. 

 

In addition, the robust tourism sector is actively providing significant scope for furniture deployment, especially in places like restaurants, hotels, and motels, augmenting business growth. In fact, as per the WTTC (World Trade and Tourism Council), in 2018, the tourism sector observed growth of 3.9%, which as more than the 3.2% global GDP growth that year. The industry contributed an unprecedented $8.8 trillion to the global economy, generating about 10.4% of the overall global economy activity in 2018. While the industry is going through a economic slump due to the pandemic, its strong footing ensures that it is likely to bounce back considerably as the situation comes under control. 

 

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According to a research report by Global Market Insights Inc., the outdoor furniture market is likely to surpass a valuation of $20.6 billion by 2026.

 

In terms of material, the plastic furniture segment is observing increasing adoption among customers due to some of its benefits like easy maintenance, high durability, economical pricing, and lightweight. Plastic furniture is generally made of polypropylene that has a copolymer for impact as well as one for rigidity. It also contains 15% filler to offer effectively decrease prices and enhance rigidity. The plastic material segment is projected to expand at a CAGR of more than 4% through the analysis timespan.

 

With regards product, the growing adoption of daybeds and loungers across several commercial application avenues like bars, office lounges, hotels, restaurants, resorts, and swimming pools is expected to augment the segment growth over the coming years. These products offers better comfort to consumers and come with superior customization and styling capabilities, which his further impelling their demand across such commercial establishments, fueling industry revenues. In 2019, the segment held an industry demand share of more than 7.5% with estimates anticipating to record more growth over the projected timeframe.

 

Steady improvements in economic conditions, rapid urbanization, improving lifestyles, and increasing level of disposable income of consumers across countries like South Korea, India, and China is expected to majorly drive the Asia Pacific outdoor furniture market share. In addition, the growing influence of western trends and culture coupled with increasing consumer inclination towards multifunctional furniture would further drive product demand across the Asia Pacific. Moreover, easy availability of the number of different raw materials used to create outdoor furniture would also complement the regional market trends. Owing to these factors, the Asia Pacific outdoor furniture market is projected to expand with a rate of more than 5.5% in terms of volume share through the forthcoming timespan.

 

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Major market players are increasingly focusing on acquisitions to effectively expand their footprint in other regions and boost revenues exponentially. Taking January 2020 for instance, Twin Star Home, a residential furnishings producer, reportedly announced the acquisition of TK Classics, a US-based designer and producer of outdoor furniture such as dining tables, upholstered seating, bars, and accessories, to increase its market position significantly and also expand its own product portfolio when it comes to outdoor living.

 

The competitive landscape of the global outdoor furniture market is inclusive of players such as Gloster, Fischer Mobel GmbH, Agio International Company Limited, Kettal, Homecrest Outdoor Living, Treasure Garden Incorporated, Brown Jordan, Inter IKEA Group, Century Furniture and Ashley Furniture Industries among others.

 

 About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Electric Motorcycles & Scooters Market Demand Analysis and Growth Forecast from 2020 to 2026

Rising concerns pertaining to harmful effect of vehicle emissions along with the imposition of strict regulations by environment agencies will drive global electric motorcycle & scooters market. Consumers are getting increasingly aware of the fact that the adoption of electric two-wheelers can significantly reduce harmful emissions of carbon dioxide, carbon monoxide, nitrogen oxide and other harmful effluents, which in turn can aid in reducing the air pollution. 

 

Governments across the globe are offering grants, incentives and subsidies on the purchase of new electric vehicles in a bid to promote e-mobility. In addition, several emerging players, such as Pedego Electric Bikes, Gogoro, and Segway are partnering with scooter sharing firms to cater to the growing demand for ride-sharing.

 

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Implementation of strict vehicular emission norms by several countries including Canada, China, Japan, U.S. and others is aiding large-scale adoption of electric scooters and motorcycles for routine commute. Reports suggest that global electric motorcycles & scooters market size will cross the USD 40 billion mark by 2026.

The e-mobility trend is on rise. In the third quarter of 2019, around 45 EV companies across the world showed a total fund raising of USD 2.7 billion. However, the COVID-19 outbreak has led to a slowdown in electric motorcycles & scooters industry growth in 2020. Shortage of raw materials, labor and restrictions on movement have led to a temporary shutdown of many automobile manufacturing facilities, globally. 

 

The rising consumer inclination toward buying essential items is hindering the sales of high cost products like electric scooters & motorcycles. The EV businesses will gain traction again, once the restrictions are lifted. 

 

Electric motorcycles are experiencing high demand on account of the advancement in battery and powertrain technologies. The technological developments are offering superior engine performance as well as high, controlled speeds to electric motorcycles. Growing demand for efficient, low noise and long range transport solutions is one of the key factors fueling the demand for electric motorcycles. In addition, grants and subsidies provided by governments on the purchase of electric motorcycles will further boost product sales in the coming years.

 

24V batteries are likely to witness higher adoption in electric scooters as they provide short distance ranges that are ideal for daily commute in densely-populated urban cities. These batteries contain a smaller number of cells, due to which they are light-weight and cost-effective. Rising trend of electric scooter sharing services in cities will drive the demand for 24V batteries.

 

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The alarming levels of carbon emission in Asia Pacific region is creating a huge demand for environment friendly mode of transportation. This has led to increased adoption of e-mobility solutions in Asian countries including China and India. In addition, the emergence of several electric motorcycle & scooter manufacturers including Ultraviolette Automotive Pvt. Ltd., and Emflux and in India will boost regional industry growth over the analysis period.

 

Major producers and developers of electric motorcycles & scooters include Amper Vehicles, Harley Davidson, Shandong Incalcu Electric Vehicle, Lightning Motorcycles, Mahindra GenZe, Energica Motor Company S.p.A, Govecs Group, KTM, Z Electric Vehicle and Zero Motorcycles, among others.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Impact Sound Insulation Acoustic Mat Market Study by Growth Opportunity and Regional Forecast Analysis by 2026

Sound insulation, also called acoustic insulation or soundproofing, plays a crucial role in modern architecture. Most homeowners today prefer installation of high-quality acoustic insulation materials for dust binding and noise reduction. These materials also act as insulators and offer comfort and warmth along with pleasing aesthetics. Consequently, impact sound insulation acoustic mats are gaining wide popularity across residential, commercial, and industrial applications.

 

According to a new research report by Global Market Insights, Inc., global impact sound insulation acoustic mat market size is estimated to be worth more than US$4.3 billion by 2026, with growing renovation activities in developed regions such as North America and Europe. The construction sector in these regions is set for a rebound as effects of the coronavirus crisis subdue and household incomes improve. 

 

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Acoustic mats are widely used in hotels, supermarkets, hospitals, care homes, schools, libraries, and large kitchens in addition to residential establishments. To address the growing demand for sound insulation solutions, manufacturers are constantly introducing innovative products in the market. For instance, Getzner has launched a new range of acoustic floor mats for effective impact noise reduction in residential, commercial, and industrial environments.

  

In terms of the applications, impact sound insulation acoustic mat industry share from the industrial segment is projected to witness a CAGR of 7% through 2026. This can be attributed to growing utilization of rubber acoustic products in manufacturing and warehousing facilities. The industrial sector has experienced rapid expansion in emerging economies and manufacturers are constantly focusing on the development of new products to suit industrial applications. 

 

On the other hand, the demand for impact sound insulation acoustic mats across the commercial sector is likely to capture a 65% revenue share. In commercial applications, rubber and foam materials are typically preferred to ensure a high degree of impact insulation. Considering the material used, rubber segment is slated to grow at a CAGR of 7.5% between 2020 and 2026.

 

Regulatory standards play a critical role in ensuring optimum product quality as well as sustainability. Manufacturers are looking to develop new solutions while complying with these regulations. In August 2017, Getzner’s Type 31 and 33 acoustic floor mats had been granted the CE marking by the European Union. It confirms that the acoustic amts can be used throughout the European market, including public establishments, without restriction. 

 

Considering the region outlook, North America impact sound insulation acoustic mat industry size will reach a valuation of US$1.5 billion by 2026. Acoustic insulation materials have experienced a strong demand across the U.S. in recent years. Regional governments are focusing on residential and commercial expansion projects, while homeowners are looking to renovate and refurbish existing homes with latest sound insulation technologies. 

 

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The demand for impact sound insulation acoustic flooring mats across Europe will likely be driven by recovery of the real estate sector. Meanwhile, developing countries in the Asia Pacific region will be key revenue terrains for impact sound insulation acoustic mat industry in the upcoming years. 

 

BASF SE, Getzner Werkstoffe GmbH, Saint-Gobain, Hush Acoustics Ltd, JCW Acoustic Flooring, Fletcher Insulation, Armacell, Kingspan Group, Johns Manville, Paroc Group, Owens Corning, and REGUPOL BSW GmbH are a few notable suppliers of acoustic insulation materials.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Bucket Trucks Market to witness massive growth by 2026

Growing adoption of modern aerial lifting equipment in the utility and construction sectors is anticipated to drive bucket trucks market size over the forecast period. Factors like high capability, powerful engines and operability with green fuel are driving vehicle demand worldwide. Moreover, the need for safe and efficient lifting machines that lower changes of potential fatalities at work sites are furthering the preference of bucket trucks, driving overall market growth. 

 

However, the ongoing coronavirus pandemic has negatively impacted sales and manufacturing of the bucket trucks. Reduced sales figures and temporary shutdown of production sites has led to huge business losses. Stagnant repair and maintenance activities across infrastructural projects has majorly impacted industry growth, with conditions likely to remain the same in 2021. 

 

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Nevertheless, recovery of the telecommunication and construction sectors following gradual removal of lockdown restrictions may improvement the growth dynamics of bucket trucks market during the forecast timeframe. According to Global Market Insights, Inc., the bucket trucks market size is anticipated to exceed USD 1.5 billion by 2026.  

 

Technical improvements and the adoption of more sustainable, low polluting fuel options across all the product types is expected to boost market size. Truck manufacturers are focusing on making advanced vehicle segments in order to support research and development activities across various operating regions.

 

Based on application, the bucket trucks market is divided into telecommunication, utility (water and electric), forestry and construction. Of these, the popularity of bucket trucks in the utility sector is growing exponentially owing to the increasing vehicle use in maintenance and installation activities. Availability of electric and standard compliant engine-based trucks may propel their use in the government sector. Bucket trucks are also used by electricity companies in order to reduce fatalities and ensure maximum safety for workers. 

 

Geographically speaking, the adoption of bucket trucks in North America and Europe is rapidly growing due to the increasing demand for repair and maintenance operations from public and private industries. In North America, bucket trucks are widely used across the telecommunications, construction and utility sectors owing to a high usage of machines and availability of low labor. 

 

Furthermore, the bucket trucks market is anticipated to grow over the coming years in the U.S. owing to the presence of many major manufacturers in the region which has increased consumer awareness and the easy availability of bucket trucks. In 2018, Manitex International, Inc., announced the expansion of its existing boom truck and articulating crane supply network to encompass Southwest Products along with its manufacturing facilities in Arizona.

 

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On a global scale, the competitive landscape of the bucket trucks market consists of companies such as Manitex International, Aichi Corporation, Tadano Ltd., and Palfinger AG. These companies are focusing on technical advancements and new product development to enhance their position in the market.

 

Manufacturers are investing in research and development activities focused on highly efficient equipment and are adding new software for handling equipment. In 2019, Manitowoc launched its new NBT60L bucket truck designed specifically for the utility and oil & gas sectors. 

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Digital Shipyard Market Overview by Growth Opportunities and Forecast over 2020-2026

The study is titled ‘Digital Shipyard Market Research Report’, in which extensive research has been undertaken by analysts and a detailed evaluation of the global market has been provided. The report includes an in-depth, extensive study of this market in tandem with vital parameters that are likely to have an effect on the market commercialization matrix.

 

A highly analytical qualitative as well as quantitative evaluation of the global market has been covered in this report. The study evaluates the myriad aspects of this industry by taking into consideration its historical and forecast data. In the research report, substantial details about Porter’s five force model, alongside a SWOT analysis as well as a PESTEL analysis of the market are also provided. 

 

The Digital Shipyard Market report coverage is inclusive of various parameters such as the market size, regional growth opportunities, major vendors in the market, drivers and constraints, segmental analysis, as well as the competitive landscape.

 

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The main intent of this report is to list down numerous updates and data with respect to the market and also to note the various growth opportunities that are likely to help the market expand at an appreciable rate. An in-depth synopsis of the Digital Shipyard Market as well as a well-detailed set of market definitions and overview of the industry have been provided in the report.

 

The abstract section includes information on the market dynamics. This is further inclusive of the drivers boosting the market growth, market restraints, trends defining the industry, as well as the many growth opportunities prevailing in the industry. Also, details on the pricing analysis in tandem with the value chain analysis have been provided in the study. Historic figures and estimates with respect to the growth of this market throughout the forecast period have been entailed in the study.

 

The Digital Shipyard Market report consists of information related to the projected CAGR of the global industry over the forecast period. Also, the numerous technological developments and innovations that are likely to drive the global market share over the anticipated period are mentioned in the study.

 

The data in Digital Shipyard Market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others.  The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Absorption Chiller industry including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research.

 

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Major players operating in the digital shipyard market encompass Accenture, Altair Engineering, Inc., Aras, Aveva Group plc, BAE Systems, Damen Shipyards Group, Dassault Systems, Hexagon, Ibaset, IFS AB, Inmarsat plc, Kranendonk Smart Robotics, Kreyon Systems Pvt. Ltd, Kuka AG, Pemamek Ltd, Prostep AG, Siemens, and Wartsila.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Roofing Underlayment Market Study by Application, Segmentation and Regional Outlook to 2026

Driven by increasing re-roofing activities and construction projects worldwide, the roofing underlayment market is anticipated to depict considerable growth through 2026. Roofing underlayment holds immense significance in the construction sector. It is particularly gaining traction across the U.S. as the region continues to experience harsh climatic conditions. 

 

Homeowners across the U.S. are spending heavily on renovating their residence interior and exterior, which includes replacing roofing material. This is expected to give a major boost to product demand. Furthermore, commencement of new residential, non-residential and commercial projects is anticipated to drive the roofing underlayment market during the forecast timespan. On this note, Global Market Insights, Inc., estimates that the roofing underlayment market size may exceed USD 43.9 billion by 2026. 

 

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Elaborating on product type, the market for non-bitumen synthetic underlayment is expected to grow by 5.1% over the forecast period. Rising awareness regarding product features like lightweight, high strength, are resistant to fungal growth as well as its wrinkle free nature may support segment growth. Such features make non-bitumen synthetic underlayment more preferred over traditional roofing underlayment. 

 

The application spectrum of roofing underlayment market is divided into residential, non-residential and commercial construction. Of these, the commercial construction sector is expected to hold a market share of 24% in 2026. Exponential rise in urbanization and increase in commercial construction activities may support product traction in this sector. For example, growth in e-commerce businesses are giving a big boost to the warehouse construction, which in turn is anticipated to give a push to the deployment of roofing underlayment in the coming years. 

 

However, due to COVID-19 pandemic, demand from the construction industry is expected to be low in 2020. In India, the government has stopped all roofing and construction activities till the situation improves. Globally too, less cash flow and lack of investments have impacted product demand, but the market is expected to gain momentum as the pandemic subsides.

 

Geographically speaking, the roofing underlayment market of Europe was accounted at over USD 7 billion in 2019 and is expected to grow further over the forecast period given to increasing construction activities as well as strict regulations over building energy efficiency. Asia Pacific meanwhile has been one of the largest market for roofing underlayment due to growing urbanization. 

 

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The competitive landscape of roofing underlayment market comprises of industry players such as Atlas Roofing, Braas Monier Building Group, DowDuPont, among others. These companies have been focusing on enhancing their position in the market by means of various tried-and-tested strategies such as M&As and product launches. Highlighting an instance, in 2020, roofing and waterproofing systems company, Polyglass USA developed a new dual-purpose roof underlayment called Polystick XLR that offers waterproofing as well as fire-resistance across high-temperature applications.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Rapid Strength Concrete Market Report 2020-2026 by Regional Revenue, Growth & Trends Analysis

Driven by increasing infrastructure projects in North America and Asia Pacific, the rapid strength concrete market size is anticipated to register significant gains by 2026. Growing need to enhance the overall durability of transportation infrastructure has propelled the demand for rapid strength concrete across North America. Whereas increase in number of highway projects across Europe is expected to accelerate product deployment in the coming years. According to Global Market Insights, Inc., the rapid strength concrete market size is expected to exceed USD 424 billion by 2026. 

 

Compared to traditional cement, rapid strength concrete comprises of higher quality ingredients that enables in offering robustness and high resistance to structures in a matter of hours. It is quick to dry and repairs road surfaces in lesser time compared to traditional concrete. These features are projected to have a positive impact on product demand, further favoring overall industry outlook. 

 

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In terms of strength, the rapid strength concrete market is divided into three main segments, namely above 80 MPa, 40 To 80 MPa, and 0 To 40 MPa. Of these, rapid strength concrete market for over 80 MPa is anticipated to register close to 6% CAGR by 2026. Mounting product application in the construction of highways and airfields may significantly favor segment growth. For example, India is reportedly planning to develop 100 new airports in the coming five years. 

 

Based on application spectrum, rapid strength concrete market is segmented into tunnels, highways, airfields, roads/bridges and buildings/floors. Construction of tunnels have expeditated considerably over the years, especially across metro cities worldwide. With such growing trend, estimates suggest that the tunnel construction application is estimated to hold a market share of approximately 13% by 2026.

 

Government initiatives focused on constructing new tunnel project may offer impetus to product deployment. In 2020, India’s Border Roads Organisation (BRO) issued a global tender for the construction of a tunnel under the Brahmaputra in Assam, furthering its pace on the work on three other tunnels close to the China border as well as its plans to build six new tunnels near the border of Pakistan.

 

Geographically speaking, Asia Pacific is considered to be one of the fastest growing markets for rapid strength concrete. The regional market is expected to witness major revenue growth, with estimates suggesting over 8.5% CAGR by volume during the forecast timespan. This can be attributed to the robust growth of the region’s infrastructure sector.

 

The competitive landscape of the global rapid strength concrete market comprises of companies such as Perimeter Concrete Ltd., Sakrete, Boral Limited, Short Load Concrete Inc., Sika Corporation, Bostik, Aggregate Industries UK Ltd., and CEMEX S.A.B de C.V. 

 

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These firms have been focusing on enhancing their position in the market by means of various business strategies such as M&As and product development. Major regional and international market players are investing heavily on new concrete production plants, giving a potential boost to rapid strength concrete market size. 

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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