Overview of the global printed circuit board (PCB) connectors market
Market research analysts at Technavio predict that the global PCB connectors market will grow steadily during the next four years and post an impressive revenue of more than USD 22 billion by 2021. This market research analysis identifies the miniaturization of electronic devices as one of the primary growth factors for the growth of PCB connectors market. Though introduced primarily in the aerospace industry, factors such as the need for smaller assemblies in specific applications and the need to reduce material costs have led to the usage of miniaturized devices in the defense, medical, and consumer electronics sectors as well. This demand for reliable and compact electronic devices will in turn, increase the demand for miniaturized and reliable PCB connectors, subsequently driving the growth of the market.
The introduction of stringent carbon emission and fuel economy standards will drive the demand for emission sensors and infotainment systems, which will, in turn, increase the need for automotive connectors. Additionally, the growing safety concerns among consumers will also increase the demand for advanced systems including advanced driver assistance systems (ADAS), on-board diagnostic systems, infotainment systems, and electronic transmission, which demand the need for automotive connectors for proper functioning. Moreover, the use of connector technologies can also help automotive manufacturers facilitate
Overview of the global diesel engine market for non-automotive applications
Technavio’s market research analyst predicts the global diesel engine market for non-automotive applications to grow at a CAGR of over 6% between 2017 and 2021. Diesel as a fuel type dominates the overall generator market. Industrial generators have been depending on diesel as the most preferred fuel type owing to its low cost and easy availability. However, there is a growing trend toward the usage of natural gas and other alternative environment-friendly and non-diesel fuel sources. Despite this fact, diesel will continue to lead the fuel type segment for many years to come. The diesel engines available have modified combustion chambers that provide optimal combustion rates, better fuel economy, and lower emissions. Manufacturers are also coming up with several advancements and modifications in terms of fuel emission treatment methods and fuel composition. The global diesel engine market for non-automotive applications will be majorly impacted by the demand created by the major end-user industries such as marine, construction equipment, and agricultural equipment industries.
Several market players are gradually converting conventional diesel engines to dual-fuel natural gas engines. These dual-fuel systems can be easily uninstalled, and the engine can be restored back to its initial condition. Dual-fuel engines can be modified to operate as an environmental-friendly engine. Also, the power generation from such engines is continuous because even if gas supply is interrupted, the backup diesel operation is immediately available. These engines provide total original power capacity and higher compression ratio,
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 global cable tray market
Technavio’s market research analyst predicts the global cable tray market to grow steadily at a CAGR of around 14% by 2021. One of the primary drivers for this market is the rapid growth of construction industry. The construction industry is the second largest end-user market for cable trays. Investments in industrial infrastructure provide opportunities for vendors that offer cable tray systems. Technavio estimates the global construction industry to grow at a higher rate as compared to the global GDP. Also, the recovery of developed countries from economic instability and rapid industrialization of emerging countries will contribute to the growth of the cable tray market over the next few years.
One of the latest trends gaining traction in this market is the growing investments in product innovations. The key contributor to this rising trend is the lack of product differentiation and the high bargaining power of buyers to pull down the price of cable tray systems. This has compelled the key cable tray manufacturers to invest in product innovations and R&D. For instance, Schneider Electric invests significantly in R&D and product development. The company plans to invest in India in the next three-five years in R&D and manufacturing. Moreover, safety standards and regulatory requirements for cable management systems have created the demand for cable trays that offer enhanced safety and protection to the wiring system.
Competitive landscape and key vendors
The global cable tray market is highly fragmented at regional levels with both organized and unorganized players operating in the market. In advanced economies, such as the US and Europe, the market is consolidated, with few international players holding large market shares. Leading
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 plastic processing machinery market
Technavio’s market research analyst predicts the global plastic processing machinery market to grow at a CAGR of around 3% between 2017 and 2021. The rising demand for processed food and beverages and following requirement for packaging machinery is driving overall growth in the market. To meet the rapidly growing demand for such food items, manufacturers are making additional investments to augment the production capacity of existing plants, build new production facilities, and procure packaging equipment. They are also implementing contemporary packaging technologies to minimize spoilage and contamination issues as well as to enhance the shelf life of products. With the surging shift towards mechanized packaging for increased output and efficiency, the market for plastic processing machinery will witness huge growth during the forecast period.
In terms of geography, APAC led the global market and occupied the largest market portion in 2016. Much of the region’s growth can be attributed to the rapid advancements in the automotive industry. The increasing demand for automobile products in the APAC countries like India, Indonesia, Thailand, and Vietnam, act as major growth drivers for the plastic processing machinery market.
Competitive landscape and key vendors
The global plastic processing machinery market is dominated by both the global as well as small regional players. The market is highly capital-intensive and witlessness intense competition among the market vendors. Vendors operating in the market find huge growth potential owing to the growing requirements coming from the packaging and consumer electronics industry. Such needs will propel further demand for packaged food as well as other end-user offerings like automotive, consumer electronics, and consumer products, resulting in the overall growth of the
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.