Overview of the global power tool accessories market
Technavio’s market research analyst predicts the global power tool accessories market to grow at a CAGR of more than 3% between 2017 and 2021. Several players across industries such as manufacturing, automotive, and construction, have started expanding their business operations especially in emerging economies such as India, Thailand, and Indonesia. Construction activities in the US and Asian countries such as India and Indonesia are expected to drive the global power tool accessories during the forecast period owing to the high demand for fabricated metals. Fabricated metals include ammunition, small arms, cutlery, and utensils, stamped metal products, fasteners, springs, building products, tanks, cranes, and hardware, where all are manufactured using power tools. This increase in the use of power tools is expected to result in wear and tear of accessories, thereby, creating a greater demand for power tool accessories.
Power tools find extensive usage in the EV market due to the advanced technologies equipped in these vehicles. The increase in pollution and decline in fossil fuel reserves have shifted governments’ inclination toward the use of EV and PHEV. Moreover, with the rise in carbon emission, there have been increasing instances of global warming, which has prompted several countries to take steps to curb carbon emissions. The governments of various countries such as the US and Europe offer incentives to support zero-emission cars such as EV, PHEV, and battery electric vehicles. The high-
Overview of the global non-residential humidifier market
The global non-residential humidifier market is anticipated to grow at a steady rate and will post a CAGR of close to 5% during the forecast period. The growing textile industry in APAC will drive the growth prospects for the non-residential humidifier market until the end of 2020. One of the major factors that will drive the demand for humidifiers in the textile industries is the hygroscopic nature of textiles, which makes them susceptible to changes in moisture content. Moreover, the incorrect humidity control may impact textile properties such as tensile strength, fiber diameter, elasticity, and friction and cause weight loss. Another contributing factor responsible for the increasing demand for humidifiers in the textile industries is the build-up of static charges in textile processing. Consequently, the need for humidifiers grows to maintain optimal humidity control for the proper processing of these textile materials. Moreover, the growth of the textile industry in APAC countries will contribute to the demand for humidifiers during the forecast period. In addition, due to favorable business conditions, domestic demand for textiles is increasing in countries such as China, India, Bangladesh, and Vietnam.
In terms of geography, APAC accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. One of the major factors driving the market’s growth in the region is the worsening condition of air due to pollution, which drives the demand for air treatment products in the region. Other major factors responsible for the market’s growth include the availability of attractively priced and innovative humidifiers and well-established distribution channels with contractors and dealers that are trained in the product's distinct qualities. Furthermore, it is estimated that the major demand for non-residential
Global outlook of the lathe machine market
Technavio’s market research analysts predict the global lathe machine market to grow steadily during the forecast period and post an impressive revenue of more than USD 12 billion by 2020. This industry research report identifies the surge in automation to be one of the major factors that will have a positive impact on the growth of this market in the coming years. With the increasing need to provide superior-quality products, companies around the world have started automating their manufacturing processes. To enhance their productivity, the manufacturing industries in the developed and developing countries are increasingly focusing on replacing their manually controlled conventional lathe machines with computer numerical controlled (CNC) machines. The increased productivity will not only enhance the company’s profit margins but also aids in having a competitive edge and reduces operational costs. This will consequently induce more industries to automate their manufacturing processes, in turn, propelling the market’s growth prospects.
The integration of Internet of Things (IoT) in manufacturing will be one of the major trends that will gain traction in this market in the coming years. The adoption of IoT improves visibility in the manufacturing process so that the companies can monitor every unit of production at each step in the production process. This increased visibility will help companies manufacture higher-quality, more reliable, and durable products. For instance, the
Overview of the global air quality monitor market
Market research analysts at Technavio predict that the global air quality monitor market will grow steadily during the next four years and post a CAGR of almost 8% by 2020. This market research analysis identifies the rise in number of green buildings as one of the primary growth factors for this market. In addition to monitoring the energy usage, water usage, and quality of the indoor environment, monitoring the indoor air quality has also become one of the major concerns especially at workplaces as they can greatly affect the health, comfort, and productivity of the employees. The increase in number of green buildings across the globe, especially in countries such as US, China, and the European countries due to the introduction of stringent regulations that mandate the need for energy efficiency, emissions, and indoor air quality, will drive the need for air quality monitoring systems, in turn, propelling market growth.
One of the major trends that will gain traction in the air monitoring equipment market is the growing preference for wearable devices for monitoring air quality. In addition to the availability of fixed monitoring stations and portable monitoring stations, technological advancements will result in the development of wearable products to ensure air quality. The breath device, a small-scale air filter system and Tzoa, a wearable Enviro-Tracker that analyzes the air and scans particles are some of the wearable devices already available in the market for air quality measurement.
Competitive landscape and key vendors
The market is characterized by the presence of several global and local vendors and appears to be fragmented. Since all vendors compete to gain a significant revenue share, the market is competitive and is dominated by the key players such as
Global outlook of the hydraulic cylinder market
Technavio’s market research analysts predict the global hydraulic cylinder market to grow steadily during the predicted period and post a CAGR of more than 4% by 2020. This industry research report identifies the increase in infrastructural spending to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The increasing focus towards infrastructure development by several countries across the world will drive the growth of the construction industry that uses vehicles such as excavators, compactors, backhoe loaders, concrete and cement machine, drilling rigs, and wheel loaders, in turn, boosting the demand for hydraulic cylinders. The growth of the construction industry will also drive the demand for material handling equipment where automation plays a significant role, consequently creating the demand for hydraulic cylinders.
The increased use of electro-hydraulic cylinder will be one of the major trends that will gain traction in this during the next four years. In addition to offering enhanced accuracy, better functionality, and improved ease of use and control, the use of hydraulic cylinders coupled with electronics will also eliminate the need for separate hydraulic pumps and tubing. With the increased adoption of automation and digitalization, the coming years will witness an increased demand for electro-hydraulic cylinders since they can easily facilitate machine to machine communication.
Competitive landscape and key vendors
Characterized by the presence of a considerable number of hydraulic cylinder manufacturers, this market
Global outlook of the warm air heater market
Technavio’s market research analysts predict the global warm air heater market to grow steadily during the forecast period and post a CAGR of almost 3% by 2020. This industry research report identifies the growing demand for retrofitting to be one of the major factors that will have a positive impact on the growth of the warm air heaters market in the coming years. Retrofitting involves the replacement of old equipment with new technologies to enhance the efficiency and output and will in turn, augment the need for HVAC systems. The development of infrastructure in the emerging countries such as India and China will be one of the major reasons for retrofitting where the existing infrastructure is replaced with energy-efficient HVAC equipment. Such retrofitting activities will mainly focus on reducing operating costs and increasing energy efficiency and will demand the installation of new heating equipment and warm air heaters, consequently driving market growth.
The emergence of building energy management systems (BEMS) will be one of the major trends that will gain traction in the warm air heating system market during the next four years. The adoption of BEMS technology will help building owners lower their energy consumption while improving productivity. The increased need for energy efficiency and cost reduction in both the commercial and residential buildings will drive the demand for BEMS, which in turn, will create the demand for HVAC systems.
Competitive landscape and key vendors
Characterized by the presence of several well
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.