Global outlook of the spinning machinery market
Technavio’s market research analysts predict the global spinning machinery market to grow steadily during the forecast period and in terms of units, will post a CAGR of almost 6% by 2021. This industry research report identifies the growth of the technical textile market to be one of the major factors that will have a positive impact on the growth of this market in the spinning machines coming years. Primarily used for technical performances and functional properties, technical textiles have found major significance in several industrial sectors including automotive, construction, healthcare, protective clothing, agriculture, sports equipment, and environmental protection. With the economic growth of several countries across the globe and the growth of the construction sector, the demand for technical textiles will continue to increase in the coming years, consequently propelling the demand for spinning machinery.
With constant the demand for spinning equipment, manufacturers will start focusing on innovating spinning technology. Marzoli has already developed a MDS1 ring spinning frame that helps in achieving greater output quality, improved efficiency, and superior ergonomics. Such innovations will increase the quality of yarns and fiber which will help textile manufacturers develop a better end-product, in turn, fueling their demand.
Competitive landscape and key vendors
Characterized by the presence of several spinning machine manufacturers, the market appears to be fragmented. The market’s competitive environment is intense and the leading players such as Rieter, Saurer, Murata Machinery, LAKSHMI MACHINE WORKS, and Trützschler currently dominate the market. Major vendors are currently focusing on improving their market shares by enhancing their presence across various
Global outlook of the laser cladding equipment market
Technavio’s market research analysts predict the global laser cladding equipment market to grow steadily during the forecast period and post a CAGR of more than 8% by 2021. This industry research report identifies the need for additional corrective machining to be one of the major factors that will have a positive impact on the growth of this laser cladding systems market in the coming years. The traditional method of cladding requires high volume of heat to clad the metals together and also requires additional corrective machining which will increase production time and also operational costs. This increases the need for improving the efficiency, performance, and extended product life, which will demand the need for laser cladding that improves the efficiency and also life of the product. Moreover, laser cladding can also be used to recondition a used tool and achieve improved efficiency at a much lower cost, which will be an additional factor that will increase the demand for laser cladding machines in the coming years.
One of the major factors that will gain traction in the laser cladding systems market in the coming years is the increase adoption of additive manufacturing. Additive manufacturing is the process of manufacturing 3D objects by depositing materials. Due to their efficiency, additive manufacturing is being increasingly used by several industries including aircraft, automotive, and medical implants to fabricate their end-use products. Since additive manufacturing such as selective laser sintering (SLS) and stereolithography (SLA) use laser technologies, their increase adoption will consequently increase the demand for laser cladding.
Competitive landscape and key vendors
The laser cladding equipment market is moderately fragmented and
Overview of the CNG compressor aftermarket
Technavio’s market research analysts have predicted that the global CNG compressor aftermarket will witness slow paced growth at a CAGR of more than 2% during the forecast period. With the growing use of CNG as fuel, the CNG compressor aftermarket is anticipated to have a positive outlook in the coming years. The transportation sector alone contributed about 14% of the total GHG emissions from all sector during 2014. Since GHG emissions have adverse effects on the environments, the governments of most countries are taking initiatives to curb the widespread pollution from vehicles by replacing gasoline and diesel with CNG in the transportation sector. Moreover, CNG has several other advantages over conventional fuels including low cost, reduced the maintenance cost of vehicles, and enhanced performance of vehicles. These factors are expected to propel the demand for CNG vehicles, which will., in turn, drive the CNG compressor aftermarket over the next four years.
One of the recent trends gaining traction in the market is the increasing adoption of natural gas vehicles. Natural gas has the potential to contribute significantly toward natural gas mitigation and increasing natural gas infrastructure developments is expected to propel this market’s growth. Governments in various countries actively support the development of NGV fueling stations. In the US, CNG and LNG are considered as alternate fuels. Moreover, the government provides 30% tax credit for natural gas
Overview of the marine deck machinery market
Technavio’s market research analysts have predicted that the global marine deck machinery market will witness steady growth and will post a moderate CAGR of close to 3% over the forecast period. With the scrapping of older ships, the market for marine deck machinery is anticipated to have a positive outlook over the coming years. During 2015, nearly 950 ships were scrapped and by 2016 end, 800-900 ships that are expected to account for 40 million tons are expected to be scrapped. The scrapping of ships is expected to help the shipbuilding industry overcome the downturn experienced during the 2008 slowdown in the Chinese economy. The scrapping of old ships is expected to increase year-over-year, which not only limits the oversupply of vessels, but also increases the demand for new vessels by 40%-50%, which will, in turn, drive the sales for marine deck machinery during the predicted period.
One of the latest trends gaining traction in the market is the increased provision of end-to-end integrated services. The augmented demand for healthy food around the world is driving the global refrigerated transport market to supply quick and efficient end-to-end services. With the increase in trading activities, especially for perishable goods, the market for refrigerated seaways transportation is expected to have a positive outlook until the end of 2021. The growth in refrigerated seaways transportation market is expected to increase the demand for ships, which directly impact the growth of the marine deck machinery market positively over the next four years.
Overview of the global hand tools market
Market research analysts at Technavio predict that the global hand tools market will grow steadily during the next four years and post a CAGR of almost 4% by 2021. This market research analysis identifies the increase in automotive repair and maintenance as one of the primary growth factors for this market. Comprising of both the manufacturing and service units, the automotive industry is constantly prone to technological innovations, which induces automotive manufacturers to offer vehicles with upgraded and advanced features. The incorporation of advanced features will subsequently increase complexities in vehicles, which will in turn, demand the need for trained personnel for repair and regular maintenance. This growth of the automotive aftermarket will propel the need for automotive tools and mechanic tools, driving market growth.
With the increased popularity of online shopping, manufacturers have started changing their retail strategies and are adopting omni-retail channels. They have entered the e-commerce market and are offering various products based on customer requirements. This will offer them the convenience to increase their customer base in different geographies without a physical presence in the country and will significantly increase the sale of hand tools in the next few years.
Competitive landscape and key vendors
The market is characterized by the presence of several hand tools manufacturers and is fragmented. With all players competing to gain maximum revenue shares, the market’s competitive environment is intense. The well-established international players who have
Overview of the global gas chromatograph market
Market research analysts at Technavio predict that the global gas chromatograph market will grow steadily during the next four years and post a CAGR of more than 5% by 2021. This market research analysis identifies the growing concerns on food safety as one of the primary growth factors for this market. In addition to mandating the need to list the ingredients related to the nutritional content, several countries such as the US have introduced various regulations to ensure the safety and nutritional quality of food. To meet these requirements, food manufacturers and processors have the need to assess the product quality themselves. Gas chromatography provides a cost-effective way to identify and separate complex organic substances, in turn, ensuring the quality of food products. Additionally, gas chromatography also detects and separates toxins such as aflatoxin produced by a mold on peanuts. With the increasing incidences of contamination and the growing number of proactive consumers, there will be a significant increase in the demand for separation techniques such as gas chromatography machines in the coming years.
To streamline laboratory experiments, research facilities will start adopting sample handling equipment to replace their manual processes. The automation of sample handling processes will help research facilities to significantly reduce errors both within and between experiments and will also allow greater control and precision over the quantity of the sample.
Competitive landscape and key vendors
The market is characterized by the presence of a number of international and regional vendors. Since the international gas chromatography
Heavy industry refers to application segments like construction and demolition, as well as products used in the manufacturing of engineering equipment. Heavy industry also includes ancillary industries that are related to these application segments.
Across the globe, heavy industry participants are experiencing an increasing demand for engineering equipment, tools, and components. As a result, they are incorporating advanced technology in their offerings and developing new equipment to optimize their positions in this highly competitive business environment.
Technavio’s heavy industry domain provides actionable insights that can be useful to stakeholders in manufacturing, construction, and government institutions.
Hyundai, Mitsubishi, Samsung, and Shandong are at the forefront of heavy industry.
Technavio’s portfolio of reports about heavy industry includes construction, test and measurement, equipment and machinery, tools and components, unit operations. The market dynamics of these segments are also examined.