The global adhesive equipment market is projected to witness a compound annual growth rate of 4.97% during the forecast period to reach a total market size of US$40.515 billion by 2023, increasing from US$31.790 billion in 2018. Major driving factors pushing the demand for adhesive equipment over the forecast period are industrialization rate, and favorable government initiatives to promote packaging sector in emerging markets of Asia Pacific and Latin America. However, lack of customization Read more...
The global sand blasting machine market is predicted to reach US$574.749 million by 2025, with a projected CAGR of 2.80% from a current market size of US$487.024 million in 2019. Sandblasting machines are used to roughen smooth surfaces or to smooth rough surfaces depending on the application these machines are used for. Advanced sand blasting machines are witnessing an increase in demand for applications which involve giving texture to a surface and removing contaminants from them. Stringent Read more...
The global cranes market is expected to reach US$43.417 billion by the end of 2023, increasing from US$31.478 billion in 2017, growing at a CAGR of 5.51% during the forecast period. Growing global construction industry is the key driver of cranes market across the globe as these material handling equipment work best with heavy machineries. Moreover, cranes are used on construction sites to load/unload heavy material component which is impossible for human labor to do. Rising shipbuilding indu Read more...
Global Trucks and Lifts market is projected to grow at a CAGR of 2.46% during the forecast period, reaching a total market size of US$79.044 billion in 2024 from 68.315 billion in 2018. Growth in global construction industry along with infrastructural development, particularly in developing economies, is augmenting the demand for trucks and lifts material handling machines and equipment so as to help workers to deliver heavy materials from one place to another and to move the material around Read more...
The packaging machinery market is projected to grow at a CAGR of 5.29% to reach a market size of US$73.034 billion in 2025 from US$53.605 billion in 2019.Packaging machinery is used to packaged final products or components manufactured across varied industries such as automotive, food and beverage, pharmaceutical, electronics, and cosmetics, among others. Urbanization and rising disposable incomes of the people are driving people to raise the demand for packaged products. The packaged product Read more...
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