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
- Bunker
- 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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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by end-user
- Market overview
- Residential construction sector
- Commercial construction sector
PART 07: Geographical segmentation
- Global spraying and plastering machines market by geographical segmentation
- Spraying and plastering machines market in APAC
- Spraying and plastering machines market in Americas
- Spraying and plastering machines market in EMEA
PART 08: Market drivers
- Rising infrastructure development
- Increasing residential construction
- Growing demand for high-rise buildings
PART 09: Impact of drivers
PART 10: Market challenges
- Prefabricated structures gaining popularity
- High maintenance cost of spraying and plastering machines
- Uncertainty in construction industry
PART 11: Impact of drivers and challenges
PART 12: Market trends
- Increasing popularity of green buildings
- Evolution of smart cities
- Emission regulations
PART 13: Vendors Landscape
- Competitive landscape
- Other prominent vendors
PART 14: Key vendor analysis
- Anex Industrial
- Bunker
- KAPPA BUILDING MACHINES
- Risen Machinery
- RBM Building Machinery
PART 15: Appendix
PART 16: Explore Technavio