Heat sink market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2024-2031). A heat sink is a passive heat exchanger that transfers the heat generated by an electronic or a mechanical device to a fluid medium, often air or a liquid coolant, where it is dissipated away from the device, thereby allowing regulation of the device's temperature.
Highway and road construction market is anticipated to grow at a CAGR of 7.9% during the forecast period (2023-2030). Improving transportation efficiency and safety is a key driving factor for highway and road construction. Government and transportation authority’s invest in constructing new highways and roads equipped with modern technologies to enhance traffic flow congestion and increase safety for commuters.
Flexible workspace market is projected to grow at a CAGR of 14.0% during the forecast period. The market growth is driven by various factors, including the increasing adoption of remote work culture, rising demand for flexible and cost-effective office solutions, and the growing trend of coworking spaces. Also, the growth of the market is driven by an increasing number of small companies and startups seeking temporary office solutions coupled with increasing favorable policies of the government giving a push to new startups.
Welding equipment, accessories & consumables market is anticipated to grow at a CAGR of4.7% during the forecast period. The growing adoption of welding equipment, accessories & consumables by multiple industries across the globe is expected to boost the growth of the welding equipment, accessories & consumables market over the forecast period.
The global HVAC linesets market is projected to grow at a modest CAGR of 4.5% during the forecast period. The primary factor driving the HVAC linesets market is the increasing residential construction, growing trends of smart homes, and increasing demand for air conditioners. Construction of smart homes is on the rise, with nearly 30 million US households projected to add smart home technology shortly. The products consumers are looking to add to their homes include connected cameras and HVAC systems. The increasing demand for efficient heating has led to the adoption of automated heater controls.
The global machinery leasing market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period. The machinery leasing market consists of sales of machinery rental services by the entities that rent out or lease commercial type and industrial type machinery and equipment to farmers, construction workers, and other end-users. The main types of machinery leasing are heavy construction machinery, commercial air, rail, and water transportation equipment machines, among others.
The global cross laminated timber (CLT) market is growing at a considerable CAGR of 14.0% during the forecast period. The major factor that is augmenting the growth of the global cross laminated timber (CLT) is increasing activity associated with construction owing to the offering of lightweight, durable construction materials. For instance, as per the information highlighted by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development new residential construction is increasing in the country with the building permits around 1,873,000 and housing starting nearly 1,702,000 in the month of December 2021.
The global portable air compressor market is anticipated to grow at a significant CAGR of 7.2% during the forecast period (2021-2027). One of the major factors driving the growth of the global portable air compressor market is the growing demand for mobile air compressor solutions across a wide range of applications.
The global bath remodeling market is anticipated to grow at a significant CAGR of 5.0% during the forecast period. Increasing remodeling projects by rental property owners as they are heavily investing in their properties to enhance the value of owned property is a major factor fuelling to the growth of bath remodeling market.
The North America fencing market is estimated to grow at a substantial CAGR of 7.0% during the forecast period. North America accounts for the largest share in the global fencing market.
The Europe fencing market is anticipated to grow at a substantial CAGR of 7.2% during the forecast period. The European fencing market is mainly driven by installations in new nonresidential buildings or by renovation or replacement of existing structures.
The Asia-Pacific fencing market is anticipated to grow at a healthy CAGR of 9.4% during the forecast period. Asia-Pacific is a promising market for fencing. Comprising the fastest-developing countries in the world, including China and India, the region is expected to witness considerable investor attention.
The fencing market is projected to propagate at a solid CAGR of 7.5% during the forecast period (2021-2027). Fencing is a structure or barrier used to protect or divide a property by enclosing or bordering it.
The global construction equipment market is projected to grow at a modest CAGR of 4.0% during the forecast period (2021-2027). The key aspect that has flourished the demand for construction equipment across the globe is the gradual shift of the people towards the urban areas. Urbanization is the population shift from rural to urban areas.
North American mobile cranes market is estimated to grow at a CAGR of 6.1% during the forecast period. The market was valued at nearly $4.1 billion in 2019, which is estimated to reach nearly $6.2 billion in 2026.
Germany mobile cranes market is estimated to grow at a CAGR of 4.8% during the forecast period. The rising investment in the construction industry and developed port infrastructure in the country are some factors driving market growth.
European mobile cranes market is estimated to grow at a CAGR of 4.9% during the forecast period. The market was valued at nearly $3.2 billion in 2019, which is estimated to reach nearly $4.5 billion in 2025.
China mobile cranes market is estimated to grow at a CAGR of 6.2% during the forecast period. Some pivotal factors encouraging market growth include the rising industrialization and growth in the construction industry. Rising industrialization has been reported in the country owing to the Chinese government initiatives to promote industrialization.
Asia-Pacific mobile cranes market is estimated to grow at a CAGR of 6.7% during the forecast period. The market was valued at nearly $5.9 billion in 2019, which is estimated to reach nearly $9.2 billion in 2026.
The global mobile cranes market is estimated to grow at a CAGR of 5.9% during the forecast period. The market was valued at nearly $14.7 billion in 2019, which is estimated to teach nearly $22.0 billion in 2026.
North American mining equipment market is estimated to grow at a CAGR of 4.5% during the forecast period. Some pivotal factors accelerating the market growth include the rising minerals mining activities and rising adoption of advanced mining equipment in the region.
European mining equipment market is estimated to grow at a CAGR of 3.8% during the forecast period. The significant presence of mining companies and focus on coal production are some factors driving market growth. As per the Eurostat, in 2017, there were 17,500 enterprises involved in mining and quarrying in the EU.
Asia-Pacific mining equipment market is estimated to grow at a CAGR of 5.5% during the forecast period. The major factors contributing to the market growth include the significant rise in the mining industry and the rising demand for advanced mining equipment in the region.
The global mining equipment market is estimated to grow at a CAGR of 4.6% during the forecast period. Some pivotal factors encouraging market growth include the rising adoption of electric machinery in underground mining and growth in the mining industry.
The global roofing underlayment market is estimated to grow at a CAGR of nearly 5.0% during the forecast period. Roofing underlayment is a water-resistant material that places directly onto the roof deck.
The global residential furnace market is estimated to grow at a CAGR of nearly 6.8% during the forecast period. Increasing demand for indoor heating solutions and a significant rise in residential construction activities across the globe.
The global hydraulic hoist market is estimated to grow at a CAGR of over 5% during the forecast period. The hydraulic hoists are used for handling, lifting and transferring materials from one place to another. It is used in various applications in a number of end-user industries such as mining & metal processing, cement, chemical, and others.
The global HVAC air quality monitoring market is estimated to grow at a CAGR of around 7% during the forecast period. The market growth is attributed to the rising public awareness regarding indoor air pollution coupled with the implementation of various rules and regulations for monitoring and analyzing the indoor air quality.
The global air purification system market is estimated to grow at a CAGR of over 7% during the forecast period. Poor air quality is one of the major reasons for mortality across the globe. According to the World Health Organization, poor quality air caused an estimated 4.2 million premature mortality across the globe.
The global sandblasting machines market is expected to grow at a steady rate, exhibiting a CAGR of around 4.2% during the forecast period. The primary factors that drive the global sandblasting machines industry include the increased adoption of these machines across various industrial applications due to their ability of automatic media flow control, automatic recovery and custom data collection, rotary lance capabilities, and others.
The air duct market is anticipated to grow at a CAGR of 4.2% during the forecast period. Air ducts are the channels and pipes which are utilized to convey air across the building. The factors that include growing consumer awareness associated with energy conservation, improve thermal barriers from outdoor ambiance with effective indoor temperature control of the building and increasing demand for HVAC equipment attributed to the growth in residential and commercial construction are boosting the growth air duct market during the forecast period
Global Membrane Air Dryer Market is expected to grow at 5.2% CAGR during the forecasted period. Membrane air dryers work as a progressive filtration media which are designed to co-operate with existing compressed air system.
Rapid expansion in building and construction industry coupled with cohesive government regulations that are imposed for environmental-friendly construction has enabled the manufacturers towards the development of energy-efficient heating systems. Underfloor heating system are used to maintain temperatures at a desired level by using thermal energy that is passed through a moderately hot element.
The global HVAC system market is anticipated to grow at a significant CAGR of 5.2% during the forecast period. The HVAC system comprises all the heating, cooling, and ventilation equipment that is used for maintaining the desired temperature.