Battery production machine market is anticipated to grow at a significant CAGR of 11.7% during the forecast period (2024-2031). The battery production machine market is witnessing rapid growth, fueled by the global surge in demand for electric vehicles (EVs), energy storage systems (ESS), and portable electronics. This demand necessitates advancements in battery manufacturing technology to enhance efficiency, reduce costs, and improve quality. Key drivers include government initiatives promoting clean energy adoption and the rise of renewable energy sources.
Laser marking machine market is anticipated to grow at a significant CAGR of 8.2% during the forecast period (2024-2031). The rise in demand for precision marking which is achievable by laser marking machine as these machines are much accurate is a key factor contributing to the global market growth. The rising demand of customers in personalized machines is also contributing to the market growth.
Flowmeters market is anticipated to grow at a CAGR of 9.1% during the forecast period (2023-2030). Flowmeters are used to measure the mass flow rate or the volumetric flow rate of a fluid in many types of applications. The growing adoption of energy measurement flowmeter coupled with the improving precision temperature sensors is the key factor supporting the growth of the market globally.
Smart motor protector market is anticipated to grow at a CAGR of 12.3% during the forecast period (2023-2030). Smart motor protector is used for 660V low-voltage motor circuits with protection, measurement, control, communication, operation and maintenance functions, and can realize multiple starting schemes to ensure the safe operation of the motor.
Digital servo press market is anticipated to grow at a CAGR of 10.73% during the forecast period (2023–2030). The market’s growth is attributed to improved servo drive performance across the globe. The motor speed range, speed response frequency, and encoder resolution of the servo drives of the X Series are exceptional. These improvements significantly enhance the overall efficiency and productivity of digital servo press systems.
Hot rolled steel market is anticipated to grow at a considerable CAGR of 3.4% during the forecast period. Hot rolled steel is steel that has undergone the rolling process at a temperature above its recrystallization temperature (usually 1700° F or greater). The global market for hot rolled steel is driven by rising industrialization and rising infrastructure spending. The growing automobile industry in developing economies such as India, China, Japan, and South Korea has further contributed to market growth.
Textile manufacturing market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. Increased global interest and engagement in active sports and outdoor leisure pursuits has resulted in a significant increase in the usage of textile materials in sporting and associated items and equipment. Hence, the increase in textile fiber applications is expected to boost market development throughout the forecast period.
Cutting equipment, accessories & consumables market is anticipated to grow at a CAGR of 6.2% during the forecast period. The global cutting equipment, accessories & consumables industry growth is backed by the increased demand for automation in the manufacturing industry and the surge in the use of cutting equipment, accessories & consumables across various sectors such as electronics, defense, marine, construction, and aerospace.
Blockchain technology in manufacturing market is anticipated to grow at a significant CAGR of 68.0% during the forecast period. Blockchain technology is an advanced database mechanism that allows transparent information sharing within a business network. A blockchain database stores data in blocks that are linked together in a chain. The technology supports the creation of an unalterable or immutable ledger for tracking orders, payments, accounts, and other transactions. The integration of emerging technologies such as IoT, AI and 5G and the growing need to improve asset tracking and supply chain management are leading factors for the growth of blockchain technology in manufacturing.
The global winter wear market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. The destinations with snowfalls are the majorly preferred for traveling and spending vacations, due to which demand for winter wears is growing. Moreover, there are several games, including a scavenger hunt, snow tube race, snowball toss, and snow toss that are played in the snow, which is expected to drive the growth of the winter wear market.
The global manufacturing analytics market is expected to grow at a significant CAGR during the forecast period 2021-2027. Manufacturing analytics is a statics based tool that is employed to assist manufacturing companies and enables a regulatory analysis of information and data of manufacturing sector and understanding the machine data.
The global sterile lap sponge market is anticipated to grow at a significant CAGR the forecast period. Sterile lap sponges are used in abdominal surgery to examine several abdominal organs such as the stomach, intestine, and liver through a large incision.
US aerial work platform market is anticipated to showcase considerable CAGR of 5.7% during the forecast period. Growing end-user industries of aerial work platforms are creating demand for aerial lifts for different applications which in turn is driving its market growth.
North American aerial work platform market is anticipated to showcase considerable CAGR of 5.6% during the forecast period. Growing end-user industries of aerial work platforms are creating demand for aerial lifts for different applications which in turn is driving its market growth.
The aerial work platform market is anticipated to
showcase considerable CAGR of 6.4% during the forecast period. The growing construction
and real-estate industry along with the rising application of aerial lifts in
transportation verticals is a major factor driving demand for aerial work
platform market across India.
European aerial work platform market is anticipated to showcase considerable CAGR of 5.2% during the forecast period. Growth in the retail and e-commerce industry coupled with the rising demand of aerial lifts in the building and construction industry are the major factors that significantly contributes to the growth of the aerial work platform market in the region.
Asia-Pacific aerial work platform market is anticipated to showcase considerable CAGR of 6.2% during the forecast period. Cohesive government policies and the significant growth in the construction, manufacturing, and retail sector are the major factors accelerating the market growth.
Aerial work platform market is projected to grow at a considerable CAGR of 5.7% during the forecast period (2021-2027). The rising use of aerial lifts forconstruction & building maintenance, manufacturing & retail, automotive, and transport application is a major factor driving the growth of the global aerial work platforms market.
The global steel industry is expected to grow at a modest CAGR over the forecast period 2019-2025. Rising demand for steels in various end-use industries including construction, automotive, aviation and marine, and yellow goods and mining equipment is fueling the market growth.
The global manufacturing analytics market is expected to witness a significant growth rate at a CAGR of 22% during the forecast period. A statistical tool that performs rule-based analysis to improve business processes and product quality is known as manufacturing analytics.
Hydraulic workover is a well intervention technique that supports to repair both onshore and offshore wells. It involves halting the production on a producing well in order to perform well remedial operations to improve the production of hydrocarbon.
Textile printing is a technique in which color is applied to fabric in a specific design and pattern. It is a technology used to decorate textile fabrics by application of pigments, dyes, or other related materials. Digital textile printing or direct-to-garment printing, or digital garment printing is a process to print on textiles and garments using specialized inkjet technology.
The Global Manufacturing Analytics Market is expected to grow at a CAGR
of 21.9 % during 2017-2022. A statistical tool which performs rule-based
analysis to improve business processes and production quality is known
as manufacturing analytics.
Scissor lift market is expected to grow at a moderate rate during the forecast period 2019-2025. Scissor lifts is a type of mechanism, which allows for vertical displacement of load, by the use of linked, folding supports. The scissor lift is mostly used in the aerial work platform. The arm that crosses is known as scissor arm.
The global aircraft seating market is anticipated to grow at a significant CAGR of nearly 7.2% during the forecast period. The major driving factor for the growth of the aircraft seating market is that passengers are now getting aware of the type of aircraft seats used by airline companies.
Pneumatic Conveying Systems Market is expected to grow
at a moderate rate during the forecast period 2019-2025. Pneumatic
conveying systems are utilized for conveying powders, granules and dry
bulky materials in several industries, such as pharmaceutical, food
& beverage and chemical.
The global central fill pharmacy automation market
is further analyzed on the basis of geographical regions, including
North America, Europe, Asia-Pacific, and Rest of the World.
The manufacturing process for various electronic device requires
semiconductor wafer cleaning equipment in order to fabricate properly
functioning devices. Semiconductor wafer cleaning equipment includes
various equipment such as etching systems, wet bench stations, and
others. Surging demand for consumer electronics is one of the major
factors contributing to the growth of the global semiconductor wafer cleaning equipment market.
Alcohol packaging market is expected to
grow with a moderate CAGR during the forecast period of 2019-2025. The
major driver contributing to the growth of the market is the increasing
consumption and demand for alcohol products globally among others.
The global aerospace & defense contract manufacturing market is anticipated to grow at a significant CAGR of 17.3% during the forecast period. The contract manufacturing in aerospace & defense is intended to offer various services, such as manufacturing, engineering, modification & maintenance, assembly, and supply chain management. In addition, it involves bringing advanced solutions to defense, commercial and space customers.
The Asia-Pacific automotive contract manufacturing market is expected to witness significant growth during the forecast period. Some of the factors augmenting the market growth include the increasing automotive unit sales in the region, and the availability of skilled workforce and technology at a lower cost as compared to developed economies.
The global energy contract manufacturing market is growing at a considerable CAGR of 6.8% during the forecast period (2021-2027). The factors that augment the growth of the market include a rise in consumption of renewable energy, an increase in oil & gas production across the globe, high use in automobile industries, and testing and inception of new technologies.
The global furniture contract manufacturing market is anticipated to grow at a CAGR of 6.4% during the forecast period (2021-2027). Furniture contract manufacturers want to provide their customers with custom-made furniture.
The North American automotive contract manufacturing market is growing at a considerable CAGR of 5.8% during the forecast period (2021-2027). Automotive contract manufacturing companies intend to provide various services to OEMs (Original Equipment Manufacturer).
The global packaging contract manufacturing market is growing at a considerable CAGR of 12% during the forecast period. Development in machinery and growth of industrial automation are the prime factors affecting and driving the market.
The global personal care contract manufacturing market is anticipated to grow at a substantial CAGR of 6.2% during the forecast period. The contract manufacturing process includes outsourcing of entire or part of the manufacturing operations to third-party companies. In the personal care industry, the contract manufacturers develop various personal care products such as skincare products, hair care, hygiene-related, and fragrances, among others. Moreover, the contract manufacturers provide packaging facilities for personal care solutions, with attractive product labels.
The global semiconductor contract manufacturing market is anticipated to grow at a significant CAGR of 5.4% during the forecast period. Major factors contributing to the growth of the global semiconductor contract manufacturing market include rising adoption of electronic manufacturing services, increasing sales of electronic devices such as smartphones and laptops, reducing the cost of electronics for a competitive market, rising demand for electronics equipment in the automotive and industrial markets.
The global double-sided tape market is anticipated to grow at a CAGR of 8.4% during the forecast period (2021-2027). Double-sided tape market is referred to any pressure-sensitive tape that is coated with an adhesive layer on both of its sides. It is designed to adhere lightweight surfaces together and gives the surfaces a cleaner appearance due to it is not noticeable in the end product.