Global Spraying and Plastering Machines Market 2017-2021
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 and competitive due to the presence of a large number of vendors that are concentrated in APAC, especially in countries like China and India. One of the major factors responsible for the growing demand for machinery is the increasing number of investments in the residential construction sector. Also, one of the challenging factors experienced by these vendors includes lack of awareness about the products in the construction industry, which arises the need for education among these users about machinery's advantages and the savings.
Key vendors in this market are -
- Anex Industrial
- KAPPA BUILDING MACHINES
- Risen Machinery
- RBM Building Machinery
Other prominent vendors in the market include AM3P, Bapro, Boke Makina Kalip imalat Sanayii, CONSMAC Machinery, Edilizia Italiana, Hebei Huasheng Plastic Machinery, Henan Victory Industrial Company, Henan Gelgoog Machinery, Lino Sella World, Nangong City Zhongbang Felt Manufacturing, SMS Insaat Makina, and Wenzhou Engineering Machinery.
Segmentation by end-user and analysis of the spraying and plastering machines market
- Residential construction sector
- Commercial construction sector
The construction industry segment accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. This segment is witnessing an upswing due to the increasing number of investments by various countries around the world to develop the infrastructure and provide the growing populations with affordable housing.
Segmentation by geography and analysis of the spraying and plastering machines market
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market until the end of 2021. One of the major factors responsible for the high growth of the global spraying and plastering machines market in the region is the increasing rate of urbanization and rising disposable incomes of the middle-class populace.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global spraying and plastering machines market?
- What are the key market trends impacting the growth of the global spraying and plastering machines market?
- What are the challenges to market growth?
- Who are the key vendors in the global spraying and plastering machines market?
- What are the market opportunities and threats faced by the vendors in the global spraying and plastering machines market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global spraying and plastering machines market?
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