Overview of the global spraying and plastering machines market
The global spraying and plastering machines market is anticipated to grow at a steady rate and will post a CAGR of close to 7% during the forecast period. The growing demand for high-rise buildings will drive the growth prospects for the global spraying and plastering machines market in the forthcoming years. Some of the benefits offered by high-rise residential buildings include accommodation for nuclear families and amenities such as gyms, swimming pools, club houses, and others to attract buyers, which, in turn, increases the potential service from spraying and plastering machine vendors. Furthermore, since spraying and plastering machines require minimal supervision during their operation, the safety of the workers is ensured. In addition, since end users increasingly focus on easy access to public transportation, better neighborhood, and facilities, consideration of the location for setting up these high-rise buildings is also necessary.
The increasing popularity of green buildings will drive the growth prospects for the global spraying and plastering machines market for the next four years. The increasing demand for factors such as the use of environmental friendly resources, design, technology, construction, operation, and maintenance is accelerating the number of green buildings across the globe. Also, increasing concerns such as the depletion of raw materials and the impact of carbon emissions will propel the preference for green buildings.
Competitive landscape and key vendors
The global spraying and plastering machines market is highly fragmented
Overview of the vitrified tiles market
According to the market research analysts at Technavio, the global vitrified tiles market is anticipated to witness steady growth and will post a CAGR of around 4% during the predicted period. A considerable growth in the construction sector is one of the major factors driving this market’s growth. Construction of both residential and non-residential buildings has a direct impact for vitrified tiles, as they are used to cover floors and walls of the buildings. They are frequently adopted as an alternative to marble and granite flooring. The population boom along with declining interest rates has propelled the housing market in various countries. Also, rising incomes from the economic growth have boosted the housing and construction market in various countries, which will, in turn, propel the growth of the vitrified tiles market over the coming years.
One of the recent trends gaining significant traction in the market is the increasing deployment of new technologies in manufacturing vitrified tiles. Most manufacturers are coming up with new technologies both in terms of the production process and new product features to stay ahead of the competition, owing to high demand and fierce competition. The vitrified tiles manufacturers are incorporating new and advanced technologies such as 3D printing, digital printing, anti-microbial glazes, nanotechnology, and
Overview of the global hydraulic excavator market
Market research analysts at Technavio predict that the global hydraulic excavator market will grow steadily during the next four years and post an impressive revenue of more than USD 60 billion by 2021. This market research analysis identifies the rise of the Mexico, Indonesia, Nigeria, and Turkey (MINT) countries as one of the primary growth factors for this market. It has been observed that the infrastructure development projects announced by these countries accounts for about 15% of the global projects and is valued at almost USD 54 billion. This will increase the demand for hydraulic excavators from the construction industry, in turn, propelling market growth in the coming years.
This market research and analysis estimate that in terms of geographical regions, APAC will be the major revenue contributor to the market throughout the predicted period. The rise in infrastructure developments and rapid urbanization in the emerging economies in the region and the rise of commodity prices and mining activities in countries such as China, will drive the market’s growth prospects in this region.
Competitive landscape and key vendors
Due to the presence of a considerable number of hydraulic excavator manufacturers, this market appears to be fragmented and is highly competitive. The growth of the construction industry has led to the entry of new vendors in the excavator market, in turn, intensifying the level of competition in the already competitive market. Increasing investments from the players in China towards the development and adoption of technologies that will improve the performance and reliability of their machines will further intensify the market’s competitive environment. To enhance their revenue shares and improve their market position, vendors have started concentrating on increasing their
Overview of the global cement mixer market
Market research analysts at Technavio have predicted that the global cement mixer market will grow steadily at a CAGR of almost 11% by 2020. This market research analysis identifies the renewed focus on construction activities worldwide as one of the primary growth factors for this market. Increasing government initiatives to encourage manufacturers to use energy-efficient equipment and materials for the production of cement and concrete will aid in the growth of the market. Additionally, the rapid urbanization in emerging regions such as APAC and Latin America also aid in increasing the demand for cement mixers. The APAC region consists of major emerging markets such as China, India, Indonesia, Malaysia and Vietnam where the construction market is growing at a rapid rate. The increased focus on the development of transportation networks to encourage cycling and the use of public transports in Europe and the focus of the Americas to renovate and expand existing public infrastructures will contribute to the growth of the market. Moreover, the increasing investments towards the development of smart cities and renovation projects of existing cities in all major countries across the globe will also have a positive impact on the growth of the concrete mixer market in the next four years.
Purchasing construction equipment involves a huge initial investment and as a result, small and medium enterprises are hesitant to invest in new equipment. Renting construction equipment helps construction
Overview of the ceramic sanitary ware market
Technavio’s market research analysts have predicted the global ceramic sanitary market to grow at an impressive CAGR of more than 7% during the forecast period. The expansion of the housing industry is a key factor driving the growth of this market in the coming years. The increasing sales and construction of housing projects across the US, China, India, South Korea, and the Middle Eastern countries is spurring the growth of construction sector, which will, in turn, to fuel the demand for ceramic sanitary ware. Moreover, the increasing number of privately owned housing units in the US and the increasing sales of housing units in APAC countries will also drive this market’s growth. Furthermore, growth in home renovation projects and growing interest in interior designing will also significantly contribute to this market’s growth until the end of 2020.
In this industry research report, the analysts have estimated factors such as the introduction and adoption of technologically advanced ceramic sanitary ware will aid in the growth of this market over the predicted period. Several technological advancements in the recent years have helped the sanitary ware industry to increase functionality, reduce human intervention, and help save natural resources. Therefore, the ceramic sanitary ware manufacturers are increasingly focussing on developing innovative products to maintain their market share. For example, the waterless urinals are a prodigy of technology that has revolutionized the sanitary ware industry.
Product segmentation and analysis of the ceramic sanitary ware market
During 2015, the washbasins
Overview of the smart bathroom market
Extensive research carried out the analysts at Technavio has shown that the global smart bathroom market will grow impressively at a CAGR of more than 10% over the forecast period. Wider adoption of smart bathrooms in urban areas is a critical factor driving the growth of this market over the predicted period. According to the UN estimates, nearly 53% of the global population resides in urban areas, and this is likely to increase to 58% by the end of 2019. To overcome the increasing stress on infrastructure and utilities encountered in rural to urban migration, construction companies are increasingly focussing on developing smart buildings with features like smart bathrooms to promote sustainable development and efficient energy management. Smart bathrooms offer optimally integrated solutions such as smart toilets, automatic flush systems, and automatic faucets that help conserve water and energy, thereby, aiding in the growth of the smart bathroom market in the coming years.
In this industry research report, the analysts have estimated factors such as the increasing focus on energy conservation, maintaining hygiene, and sustainable development to spur the demand for smart bathrooms during the predicted period. In the US, smart bathrooms are gaining popularity as they have advanced technologies that help conserve energy and maintain hygiene. Similarly, in Germany, the government has introduced the concept of smart bathroom in the construction market to control and reduce high energy costs. Also, in India, the rising population and rapid urbanization have led to an increasing demand for energy, water, and housing. To overcome this challenge, the government of India is encouraging the construction of smart buildings, which encompasses the use of smart bathroom products. Moreover, with technological advancements smart bathroom products boast better functionality, reduced
The construction sector plays a pivotal role in the economic progress of a country. It has many important connections with other key industries, creating investment opportunities across the entire economic spectrum.
Recently, the focus of global construction activity has shifted towards emerging markets like China, India, Russia, Turkey, Mexico, Chile, Brazil, and Qatar Urbanization and infrastructure development activities in these regions are intensifying. At the same time, economic powerhouses such as the US, the UK, and other established European nations continue to provide steady momentum to this sector. Technavio covers an extensive range of construction market topics that cover diverse regions and industry segments and subsegments.