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The eco-friendly tiles market is gaining a considerable amount of traction in the new era of the construction industry. According to the reports published by Market Research Future on global eco-friendly tiles stating that the market will flourish by the year-end of 2023, as it is exploring new opportunities and is also expected to garner at a rapid pace with a CAGR of 9.2%. The market has a bright growth graph as the demands of such tiles are increasing from time to time due to its tremendous benefits.
Eco-friendly tiles are the new call in the construction industry. In recent time, the eco-friendly tiles are replacing traditional tiles on the steady note, due to its ease of availability and concerns towards the environment. The eco-friendly tiles are made from renewable materials such as clay and scrap metal, due to which, these are gaining popularity in various construction projects and building contracts. The usage of eco-friendly are high in remodeling and reconstructing of homes, which is fueling the demands for the eco-friendly tiles, and hence, the market is also getting traction and will grow substantially in the years to come. Global Eco-Friendly Tiles Market Drivers & Trends The most obvious factors that are helping the global eco-friendly tiles market to grow consistently is that these tiles tend to reduce the impact on the environment as lesser energy is consumed in the manufacturing process. In the manufacturing process of these tiles, there is less production of wastage as well as usage of recyclable material also prevails, which in total, is bringing down the overall cost of the eco-friendly tiles. Eco-friendly tiles are an essential part of green chemistry owing to the proliferation of the concept of green building, stringent environmental regulations, and growth in the adoption of sustainable products. These are some of the significant factors that are driving the market towards a positive path. Further, the increase in the growth of environmental awareness among various industries across the world has influenced to switch to eco-friendly tiles usage broadly. Thus, this factor has surged the demand for eco-friendly tiles in the global eco-friendly tiles market, which in turn, is gaining traction over the years. With that, the implementations of various government bodies and crucial environmental guidelines over the construction of building projects have led to the use of eco-friendly tiles. Many building councils have also encouraged the use of eco-friendly tiles even in non-residential construction projects. Global Eco-Friendly Tiles Market Segmentation Market Research Future Report offers a comprehensive segmental analysis of the global eco-friendly tiles market that is listed on the basis of type, product, and end-user. By the mode of type, the market comprises of porcelain, ceramic, terrazzo, and others. Ceramic tiles are mostly preferred in residential and commercial construction and can also be molded into various desired sizes due to their process of making includes clay, sand, and other natural products. Such tiles are used for the construction of walls and floors. Hence, this could be a significant factor which is taking this segment of eco-friendly tiles market to rise consistently in the forecasted period. By the mode of end-user, this market segment includes residential and non-residential. Among these, non-residential leads to the end-user segment of the market as government bodies are increasingly focusing on the development of public infrastructure, hence boosting the demand for eco-friendly tiles. In this segment, the tiles are also used to construct commercial buildings and infrastructures such as office spaces, shops, restaurants, hotels, schools, and hospitals. Whereas, the residential segment is also expected to contribute significantly, during the forecast period. Regional Outlook: Global Eco-Friendly Tiles Market Region wise, the global CAS9 technology market has top market share in the significant regions of North America, Europe, Asia Pacific and Rest of the World. Among these, the Asia Pacific region accounts for the largest market share since 2016 and is projected to grow positively at the highest CAGR by the year 2023. The growth is attributed to the rapidly growing construction activities across the globe. Markets for eco-friendly tiles in China, India, Japan, and Singapore are gaining the ultimate traction. Economic growth has also supported the market of eco-friendly tiles broadly by the mainly burdensome requirement of institutional and commercial infrastructure spaces. These factors are fueling the market to prosper in Asia Pacific region consistently. The accessibility of low-cost labor and ample raw material stocks have gathered much valuation in the usages of the tiles. After the Asia Pacific, the entire Europe region has accounted for the second largest market share since 2016 owing to the growth in remodeling and restructuring of the homes. Europe is the center of major eco-friendly tiles manufacturers, where the U.K., Germany, Poland, and France are the major streaming markets for the eco-friendly tiles. Hence, the eco-friendly tiles can prosper substantially in the forecast period. North America is also another major market for eco-friendly tiles owing to the growing residential and non-residential construction activities in the region. This factor hence drives the growth of the market until the present time. Also, changing lifestyle and high growth in the construction sector in this region supports the flourishing market in the North American region. Key Players The prominent players in the eco-friendly tiles market include ANN Sacks Tile & Stone, Inc. (U.S.), Arizona Tile (U.S.), Bedrosians Tile & Stone (U.S.), Marazzi Group S.r.l. (Italy), Villagio Tile & Stone (U.S.), Dal-Tile Corporation (U.S.), Wausau Tile, Inc. (U.S.), Terra Green Ceramics Inc (U.S.), EnviroGLAS Products Inc. (U.S.), Crossville Inc. (U.S.), Johnson Tiles (India), Nemo Tile Company Inc. (U.S.), Florim Ceramiche S.P.A (Italy), Vitromex USA (U.S.), and Division Iris Ceramica (Italy). Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/
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According to Market Research Future (MRFR)’s assessment, the global earthmoving equipment market has been projected to strike a moderate CAGR over the forecast period. The growth of the construction industry is likely to reflect on the expansion of the market in the foreseeable future.
Urban migration has intensified the housing needs of the exponential middle-income population. With the developments in the global economy, these needs are supported by purchasing power which is poised to catapult the earthmoving equipment market on an upward trajectory. The governments, especially in the developing nations, are introducing housing schemes for assuring shelter to its population. These projects are expected to propel the expansion of the earthmoving equipment market over the next couple of years. Investments in infrastructural development of a nation are also prognosticated to have a favorable impact on the proliferation of the earthmoving equipment market across the review period. The projects undertaken for the construction of roadways, flyovers, metro rail tracks, etc. are poised to have a positive influence on market growth. The increasing concentration of Foreign Direct Investments in the construction industry has been projected to drive the growth of the earthmoving equipment market over the assessment period. The ongoing trend of globalization is further expected to support the growth of the construction industry in the forthcoming years. Market segmentation: By Product, the global earthmoving equipment market has been segmented into loaders, excavators, construction tractors and others. By Application, the earthmoving equipment market has been segmented into construction, mining, digging and others. Regional Analysis: The global earthmoving equipment market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific has been prognosticated to control a dominant share of the global market. The market is on the verge of attaining maturity and is likely to exhibit steady but constant growth over the next couple of years. Europe is poised to retain the second spot in the global marketplace across the review period. The developments witnessed in the construction industry is expected to influence the expansion of the market in the region in the forthcoming years. North America is the third-largest market for earthmoving equipment. The endeavors directed by the key players towards product development coupled with the revamping of the construction industry is anticipated to revolutionize the growth trajectory of the earthmoving equipment market over the next few years. Earthmoving Equipment Manufacturers: The key players profiled in this report are Atlas Copco (Nacka), The Liebherr Group (Bulle), Bharat Earth Movers Limited (India), Bobcat Company (U.S.), Ingersoll Rand Inc. (Republic of Ireland), New Holland Construction (Italy), Track Marshall. (U.K.), Case Construction Equipment (Netherlands), Hitachi Construction Machinery Co., Ltd. (Japan), and Volvo Construction Equipment (Belgium). Industry News: In January 2019, the Volvo Group, a Swedish multinational manufacturing company, has announced the development of its compact machine range of electric-powered loaders and excavators. The products are supposed to be launched by mid-2020. In October 2018, The Liebherr Group, a large equipment manufacturer based in Switzerland, has announced the launch of its Generation 8 Crawler Excavators. Out of the six models, the initial two will be R 922 and R 924 designed especially for Stage V regulations. In July 2018, the southern African dealer for Cat earthmoving equipment, Barloworld Equipment, has officially introduced three New Range Cat excavator for the South African market. In March 2018, Al-Bahar, a specialized Cat® machinery dealer, has announced the launch of Cat 962L wheel loader and Cat 320 Excavator for the GCC market at Big 5 Heavy exhibition held at the Dubai World Trade Centre. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ Market Research Future experts say that the global duplex stainless steel pipe market would reach a constant growth level and achieve a market size of USD 2,516.0 Million by 2025, at a CAGR of 4.66%, in the forecast period.
Market Key Trends & Challenges The market is quite gradual in its growth but has a prosperous future in the coming years. The market is getting influenced by many factors such as its applications mainly in desalination/water treatment, chemical process, chemical tankers/shipbuilding, offshore oil & gas, and pulp & paper industry. As these industries are rising with substantial figures, these are equally pacing the market towards a positive direction, where the market could gain more valuation than ever. Such factors are considered to be essential that is driving the market quite well for some past years. At the same time, the scope of the market’s growth is again attributed to factors such as the grossing demand of duplex stainless steel pipe due to its cost-effectiveness and efficiency. Duplex stainless steel pipes are predominantly used in exploration and production activities. As technology has progressed in the oil & gas exploration activities, the demand for corrosive and cracking resistant duplex grades products has also become higher. Resultantly, these instances are motivating the market to expand more at the time of the growth period. With the growing industrial base of oil & gas and more, the study witnessed growing investments in the oil & gas industry. These factors are probable to create rewarding opportunities for the key players active in the global stainless steel pipe market On the flip side, the factor of volatile raw material prices might restrain the growth of the worldwide duplex stainless steel pipes market during its growth period. Market Segmentation The segmental analysis of the global duplex stainless steel pipe market has been studied among the critical elements of product type, manufacturing type, thickness, outer diameter, and application. In terms of product type: Hyper duplex, super duplex, standard duplex, and lean duplex are the segments. Wherein, the hyper duplex segment might lead the market in an advanced version of duplex steel that exhibits the highest corrosion pitting resistance and highest strength compared to other duplex steel pipes. In terms of manufacturing type: Seamless and welded are the segments. Among which, the seamless segment has a chance to lead the market as it has a wide range of applications in oil & gas, pulp & paper industry, petrochemical, chemical, shipbuilding, and wastewater treatment. The segment of thickness comprises of 2.5–5.0 mm, 0.3–2.5 mm, and 5.0–10 mm. Among these, the 5.0–10 mm segment can lead the market further. The segments of outer diameter include 3 to 10 Inch, 10 to 16 Inch, and 1.5 to 3 Inch. The 10 to 16-inch segment is leading to the global market during the forecast period. The segments of application include chemical process industry, offshore oil & gas, desalination/water treatment, chemical tankers/shipbuilding, and pulp & paper. Out of which, the offshore oil & gas segment is a significant segment for duplex stainless steel pipes. The reason for this is the high durability, and high resistive properties of pipes such as stress corrosion cracking, resistance to pitting, and crevice corrosion are giving a spotlight to the market. Regional Framework The regional analysis of the duplex stainless steel pipe market has been done across critical regions of Europe, South America, Asia-Pacific, North America, and the Middle East & Africa. Among these regions, Asia-Pacific has been prompted to lead the duplex stainless steel pipe during the study period. The reason for this growth is as the demand for oil and gas in the Asia-pacific region is emergent at a rapid rate and is consequently motivating the demand for exploration and production activities in offshore oil fields. The study also emphasizes that a majority of the countries in Asia-Pacific are the key importers of oil and gas. Thus, countries such as China, Japan, and India are further driving the demand for inter-country pipelines in the region for certifying the unceasing and reliable oil and gas supply in the region. Thus, the accumulative offshore oil and gas production and increasing imports can effort the demand for duplex stainless-steel pipes in Asia-Pacific during the estimated period. Europe also leads the global passenger boarding bridge market along with the US. The region of Europe is the largest production region and the fastest growing market for the duplex stainless steel pipe. Market Key Players The well-known players of the global duplex stainless steel pipe industry are listed as Nippon Steel Corporation (Japan), Wenzhou Zheheng Steel Industry Co. Ltd (China), Metline Industries (India), Tenaris S.A. (Luxembourg), ArcelorMittal (Luxembourg), Sandvik AB (Sweden), TUBACEX S.A. (Spain), Zheijang Debang Steel Co. Ltd (China), JFE Steel Corporation (Japan), H.Butting Gmbh & Co.KG (Germany), POSCO (South Korea), Jiuli (China), Outokumpu (Finland), Zhejiang Tsinghshan Steel Pipe Co. Ltd (China). Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ As per a detailed analysis by Market Research Future (MRFR), the global drywall & gypsum board market is predicted to register a CAGR of 5.95% during the forecast period (2017-2023). The surging construction activities across the globe are likely to contribute to the growth of the market. Gypsum boards are construction materials which are light in weight and are extensively used as ceilings, walls, and for partitions in residential as well as non-residential structures. Often termed as wallboard, drywall, or plasterboard, gypsum boards offer versatility, sound control, convenience, quality, and the presence of mom-combustible core differentiates them from hardboard, plywood, and fiberboard.
Market Potential and Pitfalls The drywall & gypsum board market is gradually stealing the limelight due to the surging growth in restructuring and remodeling of the homes. The surging focus on environmentally sustainable green building construction materials which help to reduce the overhead expenditure is likely to promote the market’s growth during the assessment period. Governments across the regions are developing and promoting the construction sector and bringing in regulations and reforms to enhance the real estate market and infrastructure growth. Such factors are predicted to boost the overall drywall & gypsum board market across the globe. The Indian government has announced major policy initiatives in order to enhance the construction sector in the country. The passage of the Real Estate Act 2016, 100% deduction in profit for affordable housing construction, and the amendment to Benami Transactions Act. The changes in the arbitration norms for the construction companies are also predicted to contribute to the market’s growth. With the increased popularity of DIY users and booming construction activities across the globe, the demand for gypsum & drywall board is likely to trigger. With the booming restructuring and remodeling of homes, the market is likely to gain impetus in the long run. On the contrary, the fluctuating prices of the raw materials are likely to restrict the growth of the market during the review period. The molding and weight problems also continue to impair the market growth across the globe. Global Drywall & Gypsum Board Market: Segmental Analysis The global drywall & gypsum board market has been segmented on the basis of product and end-user. By mode of product, the global drywall & gypsum board market has been segmented into ceiling board, wallboard, pre-decorated board, and others. Among these, the wallboard segment commands the largest market share and is expected to retain its position in the long run. The booming application for wallboard in the construction of shops, malls, and offices, with its use as a wall partition system, is likely to promote the segment’s growth. By mode of end-users, the drywall & gypsum board comprises residential and non-residential. Among these, the residential segment dominates the segment and is predicted to expand at the highest CAGR. The growth can be ascribed to the changing lifestyle of the consumers coupled with the growing disposable income of the consumers. The booming home improvement and renovation projects are considered to trigger the demand for the segment. Regional Insights Considering the global scenario, the drywall & gypsum board market span across regions namely, Asia Pacific, North America, Europe, and the Rest-of-the-World (RoW). Considering the global scenario, Asia Pacific commands for the largest market share. The regional growth owes to the rapidly booming construction activities which trigger the demand for drywall & gypsum board. In this region, Japan, China, Singapore, and India are considered the major regions are promoting the market’s growth. The high economic growth in this region requires greater commercial and institutional infrastructure spaces which fuel the market’s growth. Moreover, prominent players are shifting their production facilities to cater to high potential markets in this region due to the availability of raw materials and low-cost labor. This has positively influenced the market growth in this region. China being one of the prominent regions, the Chinese government has issues favorable policies to reduce the proportion of down payment for second house loans, which has further helped in the recovery commercial housing market. This will enhance the market growth in the long run. Industry Updates May 02, 2019: The Gold Bond brand SoundBreak XP Ceiling Board is the latest addition to National Gypsum’s PURPLE family of noise-reducing drywall products. The SoundBreak XP drywall units comprise two pieces of gypsum board which is covered in a specially-designed purple paper and is laminated with a viscoelastic polymer. The boards measure 3/4 inches thick, four feet wide, and features standard lengths of 8 to 10 feet. Competitive Dashboard The prominent players operating in the global drywall & gypsum board market comprises Knauf Middle East (Dubai), USG Zawawi Drywall LLC SFZ (Oman), Global Mining Co. LLC (Oman), Gypsemna Co. LLC (Dubai), National Gypsum Co. (U.S.), Gulf Gypsum Co. (Qatar), Lafarge Group (France), Etex Group (Belgium), Taishan Gypsum Co. (China), Saint – Gobain Gyproc India Ltd (India), Kingspan Group Plc. (Ireland), Yoshino Gypsum Co., Ltd. (Japan.)., Supress Products, LLC (U.S.), Winstone Wallboards Limited (New Zealand), and Gyptec Iberica (Portugal). Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ Dry construction technology has in its core components such as wood, metal, plastic, and others. This moves away from the conventional methods of constructions such as with a mixture of bricks, concrete, or plaster. The global dry construction market is expecting a rise of 5% during the forecast period (2017-2023). The CAGR would depend mostly on the inclusion of developing countries, Market Research Future (MRFR) in their report suggests.
Several factors, such as the push from governments, easy availability, sturdiness, time-effectivity, and ecological concerns are features that can be considered driving factors for the global dry construction industry. People are now becoming more aware of ecological changes owing to which they are opting more such technologies. However, the dry construction market could be hindered by the cost factor. The cost to acquire components for such a type of construction is quite high. Along with it, the waste generated in the process gives birth to question disposal which can be a major restraining factor. Segmental Analysis: MRFR in their study of the global dry construction market reveals a detailed reading of segments. The segmentation is based on the basis of type, system, and material. This allows a microscopic view of the entire market for a better predictive analysis of it. By type, the global dry construction market can be segmented into supporting framework and boarding. The supporting framework system is gaining substantial traction. Recent innovations in boarding can inspire the market for better growth. Based on the system, the dry construction market includes wall, flooring, ceiling, and others. Research and developments from several companies are aiming at providing a much sturdier setup for all these segments to flourish. Based on the material, the dry construction market comprises metal, wood, plastic, and others. In several countries, woods are a preferred choice. However, the growing intake of pre-fabricated materials is expected to provide the metal segment much thrust. Regional Analysis: The region-specific analysis of the dry construction market, as opined by MRFR, includes namely, North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). The analysis is to provide insights regarding various growth pockets that can inspire the expansion possibilities for the market. The APAC region is outpacing its peers as the rapid development in several countries is providing the market with needed-thrust. The region is witnessing a substantial change in economies of countries which is bolstering the demand for both urbanization and industrialization. Profound impacts can be scaled in terms of a shift in trends and uptakes of various time-saving methods in the construction industry. It is further getting traction due to the vast population that resides here. India, China, and Indonesia are emerging as major markets. North America and Europe have already made their presence felt by adopting the technology to suit their constructional needs. Superior infrastructure and investment capacity are also helping these regions to strengthen their regional markets with substantial product innovation. Competitive Landscape: The global dry construction market is witnessing a surge in strategic implementation as the competition for market supremacy is gaining momentum. This includes companies such as Saint-Gobain S.A. (France), Xella Group (Germany), CSR Limited (Australia), Etex Group SA Group (Belgium), Fletcher Building (New Zealand), Armstrong World Industries, Inc (U.S.), Knauf (Germany), USG Boral (Malaysia), Pabco Gypsum (U.S.), Panel Rey S.A. (Mexico), and others. Their tactical moves include steps such as merger, acquisition, product launch, R&D, and others to better their individual stances and, in the process, take the market forward. In April 2019, Siniat launched Securtex plasterboards with high-tensile glass scrim from Chomarat integrated into it, along with a gypsum core. This is the first of its kind plasterboard with a certificate from Loss Prevention Standard (LPS) 1175 and accredited by the Secured by Design Police Initiative. The formation would help in avoiding any accidental damage or intrusion. For owners, it would be easier to avoid any long-term costs. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ As per Market Research Future findings, the global dry bulk shipping market is expected to expand at 4.65% CAGR and attain a market size worth USD 6,100.0 Million tons by 2025. The growing need for shipping significant bulk commodities, such as coils, plates, rods, coal, iron ore, grains in vessels, lumber, steel products, and others due to increase in consumer consumption across the world is expected to spur the growth of the global dry bulk shipping market. The increase in seaborne trading activities and the rise in coal and iron ore transportation are other factors that likely to propel supplement the growth of the global dry shipping market. As per the International Chamber of Shipping, 90% of the world trade is done by ship. Escalation of the world economy supporting rigorous import and export of manufactured goods and food via water is expected to add to the momentum of the global dry bulk shipping market. Other growth inducers of the market are; fast industrialization and growing urban populace, those responsible for the surge in electricity needs. On the downside, the unstable economic condition in some countries is likely to hinder the expansion of the dry bulk shipping market.
Segmental Outline The worldwide dry bulk shipping market is assessed by application and type. By type, the market is segmented into Panama, Supramax, Capesize, and Handysize. The capesize segment is expected to contribute majorly to the expansion of the global dry bulk shipping market. The increase in demand for the transportation of commodity raw materials, coal, and iron ore. Capesize offers the most substantial volume for bulk carriage and is used for the transportation of ores between countries. In 2018, MRFR recorded that the segment was valued at 2,233.5 million. MRFR states that the Capesize segment is expected to touch a valuation of USD 3,004.6 million by 2025. The Panamax segment is expected to thrive at a 4.79 % CAGR through the review period. By application, the market is segmented into coal, iron ore, bauxite or alumina, grains, and phosphate rock. In 2018, MRFR recorded that the iron ore segment valued at USD 1,839.5 million. MRFR states that the segment is anticipated to touch a valuation of USD 483.0 million by 2025. The coal segment is expected to thrive at a CAGR of 4.74% across the evaluation period. Detailed Regional Analysis In Asia Pacific, China is expected to lead the regional dry bulk shipping market growth across the assessment period. The dry bulk shipping activities largely contribute to China’s GDP. It can have a significant impact on APAC market expansion. Besides, the surge in iron ore imports to China is influencing the global coal trade, which, in turn, is expected to not only surge the APAC dry shipping market growth but benefit the global market. The improved growth in minor bulk trades is expected to serve as another supporting factor for the regional market expansion. Overall, the growing import demand for iron ire in China remains the chief factor behind the dry bulk shipping market in APAC. Competitive Dashboard MRFR listed important companies that are operating in the global dry bulk shipping market. They are; Star Bulk Carriers Corporation (Greece), Scorpio Bulkers, Inc (Monaco), Golden Ocean (Bermuda), Pacific Basin Shipping Limited. (Hong Kong), Dampskibsselskabet Norden A/S (Denmark), Diana Shipping Inc. (Greece), Masterbulk Ptv Ltd (Singapore), Belships ASA (Norway), DryShips Inc (Greece), Genco Shipping & Trading Limited (US), Western Bulk (Norway), Oldendorff (Germany), Ultrabulk A/S (Denmark), Marquette Transportation Company LLC. (US), and Marine Services Co. Ltd. (Saudi Arabia). Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ A research report published by Market Research Future (MRFR) on the global drive shaft market, indicates the market to exhibit healthy growth and capture a CAGR of 5.2% over the forecast period of 2018-2025. In its latest report, MRFR has identified the key macro and micro-economic factors affecting the growth of the global drive shaft market.
Drive shaft, being an essential component of the vehicle driveline, the drive shaft market is growing in line with the automotive industry. The rise in disposable income across the globe and the rise of the middle-class has raised the sales of vehicles considerably in recent years. To cater to the growing demand for vehicles, commercial as well as passenger, automotive manufacturers are increasing the production of cars which has significantly raised the demand for drive shaft. Development of lightweight drive shafts has had a positive effect on the growth of the drive shaft market. Lightweight drive shafts are highly preferred by people who prefer driving at a higher speed. The light weight allows for the driveshaft to have a higher critical revolution speed which allows it to spin faster. The superior performance of lightweight drive shafts has led to increasing demand within the drive shaft market. Moreover, lightweight drive shafts cause lesser emissions and align with stringent rules set by international emission control authorities which further provides fuel to the growth of the market. However, augmenting demand for electric vehicles is likely to act as a headwind to the market growth. Segmentation The global drive shaft market is segmented based on vehicle type, design, and position. By vehicle type, the drive shaft market has been segmented into passenger cars, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). By design, the drive shaft market has been segmented into hollow drive shafts and solid drive shafts. The hollow drive shaft segment is anticipated to lead the market over the forecast period. Hollow drive shafts have gained prominence in recent years due to their flexibility and enhanced performance as compared to conventional counterparts. By position, the drive shaft market has been segmented into front drive shaft and rear drive shaft. Regional Analysis By region, the drive shaft market has been segmented into North America, Rest-of-the-World (RoW), Asia Pacific (APAC), and Europe. The APAC drive shaft market accounts for the most valuable share of the market and is anticipated to exhibit the highest growth rate over the forecast period. Improving economic conditions and subsequent rise in spending capabilities has increased the sale of cars in the region which is boosting the growth of the drive shaft market in the region. Moreover, the region is home to various automotive manufacturers who invest heavily in the drive shaft market. Automotive manufacturing has also increased in the region due to lower production cost and favorable government policies. Europe is the second largest drive shaft market. The existence of automotive OEMs in the region, along with collaborations, agreements, and partnerships of automotive OEMs and drive shaft suppliers has created a conducive environment for the growth of the market. Additionally, various automotive safety standards prompt the use of drive shaft, inducing high demand within the market. Competitive Landscape Dana Holding Corporation (US), ACPT, Inc. (US), NTN Corporation (Japan), The Timken Company (US), American Axle & Manufacturing Holdings, Inc. (US), Neapco Holdings, LLC (US), Yamada Manufacturing Co., Ltd. (Japan), Ifa Rotorion – Holding GmbH (Germany), Advanced Composite Products & Technology, Inc., Trelleborg AB (Sweden), and GKN PLC (UK) are the imminent players operating the drive shaft market. Industry Updates May 2019 – The new Lexus RC F edition is equipped with a hollow, lighter drive shaft which allows a larger final drive ratio which enhances engine responsiveness. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ As per the analysis by Market Research Future Reports (MRFR), the global door system market 2020 is continuously expanding with the increasing concerns of safety. The important factors which lead to the expansion of the market are technological development, urbanization, and many more. Due to the rapid technological advancement in the door system, the market has expanded significantly at a global level. Besides, urban migration has played the most crucial role in expanding the market. The increase in disposable income, innovation, and demand for increasing construction are propelling the market significantly. The people migrating from rural to the urban area has resulted in the expansion of the market considerably and has increased the demand in the construction industry. Continuous innovation in the product is likely to enhance the market significantly. The usage of different materials and sizes has led to the rising popularity of the door system. The rising need concern towards convenience, environment, and security has propelled the market. The increasing demand for higher quality in the residential and non-residential construction is another key factor which influences the market. Besides, even though there has been a technological revolution and yet there are several organizations that lack the awareness about the latest technologies, and lack of expertise is believed to hamper the growth of the global door system market. Apart from this, the unforeseen outbreak of COVID-19 the market is likely to have a major impact. Fluctuation in demand has been anticipated.
Market Segmentation The global door system market can be segregated on the basis of technology, material, application, and region. On the basis of technology, the global door system market can be divided into automatic and manual. On the basis of material, the global door system market can be divided into metal, glasses, wood, and plastic. On the basis of application, the global door system market can be divided into non-residential and residential. On the basis of region, the global door system market can be divided into Asia-Pacific, Europe, North America, and the Rest of the World (RoW). Regional Analysis The regional analysis of Asia-Pacific, North America, Europe, and the Rest of the World (RoW) has been performed. As per the research by MRFR, the APAC region is likely to record the highest CAGR during the forecast period. The APAC region is also likely to acquire the maximum market share of the global door system market. The emerging economies of the region like India and China are experiencing major urbanization, which will have a direct impact on the global door system market due to the increased demand of construction. The region is experiencing a higher growth rate, which backs the move. Moreover, the technological development and automation being introduced by the manufacturers is estimated to expand the market in the forthcoming period. The North American region and the European region is likely to grow significantly during the review period. Owing to the presence of developed countries like the US, Canada, the U.K., and Germany, the region is likely to exhibit significant growth. Besides, the countries of these regions are technogically advanced The Rest of the World (RoW) is likely to exhibit decent growth during the forecast period. Key Players The forefront players in the field of global door system market are Jeld Wen, Inc. (U.S.), Ply Gem Holdings Inc. (U.S.), ASSA ABLOY (Sweden), Masco Corporation (U.S.), Fortune Brands Home & Security, Inc. (U.S.), Allegion plc, (Ireland), Masonite International Corporation (U.S.), PGT, Inc. (U.S.), DuluxGroup Limited (Australia), Andersen Corporation (U.S.) and a few others. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ The digitally printed wallpaper market is anticipated to flourish at a faster pace over the forecast period, because of the magnifying focus on better aesthetics, advancement in material technology, and the upscaling trend of interior designing. Owing to the growth of the construction industry and rapid urbanization the adoption of digitally printed wallpaper is expected to mushroom, influencing the market growth. New residential buildings and remodeling/renovation projects are also expected to increase in numbers, creating new expansion opportunities for the market vendors in the global digitally printed wallpapers market.
Moreover, increased demand for aesthetically pleasing design, especially residential construction, along with the global health and environmental issues, has led to the technological advancement in the material side, which, in turn, is has been instrumental to the incremental growth noted in the global digitally printed wallpaper market. Growing awareness towards environmental and global health issues has led to the technological advancements in the material design. This is expected to promote higher adoption of environment-friendly wallpapers among the population that is aware of such environmental issues. With the development of advanced materials, along with the increased focus on aesthetics and durability, the digitally printed wallpaper market is estimated to witness momentous growth in the coming years. The digitally printed wallpaper market is likely to expand at a whopping 23.51% CAGR, reaching a market valuation of USD 7.12 billion over the forecast period. Market Segmentation The digitally printed wallpaper market has been segmented by substrate, printing technology, end-user, region. Based on substrate, the global digitally printed wallpaper market is segmented into nonwoven, vinyl, and paper. The vinyl segment is expected to dominate the global digitally printed market owing to the increasing popularity of vinyl wallpapers in the consumers from both commercial and private construction fields. Vinyl is preferable owing to the lower costs, higher durability, and easy maintenance as compared to other types of digitally printed wallpapers. By printed technology, the market segments studied in the report include electrophotography and inkjet. The inkjet segment is expected to dominate the market over the forecast period, owing to the various benefits in terms of the ability for the production of good quality prints and ease of usage. Additionally, this type of printing technology also offers properties like soundproofing and reduced air-conditioning and heating cost. The digitally printed wallpaper market is studied for the segments of commercial construction, residential construction, and automotive, based on end-users. Among these segments, the residential construction segment is expected to expand at the fastest rate over the forecast period. Rapid urbanization in the Asia Pacific has led to a rise in the investment by local and foreign players present in the construction industry. Detailed Regional Analysis The global digitally printed wallpapers market is studied for the geographical segments of North America, Europe, Asia-pacific, and Rest of the world (RoW). Asia Pacific is expected to witness the most significant growth rate over the forecast period. This regional segment is expected to witness a rise in the number of construction projects which are backed by robust investments in the residential construction. This is prominent, especially in emerging economies such as India and China. China is expected to spearhead the APAC region’s digitally printed wallpapers market over the forecast period. This can be owed to the unparalleled growth of the construction industry in the country. Key Players Some of the distinguished players present in the global digitally printed wallpapers market include A.S. Création Tapeten (Germany), Flavor Paper (US), 4walls (US), Muraspec Decorative Solutions (UK), Rasch GmbH & Co. KG (Germany), Hollywood Monster (UK), Graham & Brown (UK), MX Display (UK), The Printed Wallpaper Company (UK), and Great Wall Custom Coverings (US). Industry Update September 2019: The Inside recently launched a peel-and-stick wallpaper collection which includes the renowned Scalamandre zebra pattern. It is available in yellow, coral, and slate colors. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ The global cement tiles market is anticipated to garner a CAGR of 4.12% during the forecast period (2017-2023), Market Research Future (MRFR) unveils in a detailed report. Cement tiles are also referred to as concrete tiles and hydraulic tiles and are generally formed by local manufacturers. These tiles use recycled elements like recycled aggregate, crumpled glass, and silica fume. They are colorful handmade tiles, which are extensively used for floor and roof coverings. These tiles have been highly preferred for decades for residential as well as non-residential construction. Cement tiles are highly used as they are available in several textures, sizes, shapes, and color.
Market Potential and Pitfalls The global cement tiles market is dynamic and is anticipated to register high growth during the assessment period. The surging focus on infrastructure and construction development has made cement popular among manufacturers. This has led to sustained growth in the housing sector, mounting demand in the cement industry, and government focus on infrastructure, thus resulting in enhanced efficiency, logistics, and transportation. Cement tiles are high in demand due to surging popularity among the consumers, ease of maintenance of ceramic tiles, and durability. The growing number of laboratories, hospitals, and residential buildings has further contributed to the growth potential of the market in the foreseeable future. Cement tiles provide an economical solution for fireplaces, decorating walls, porch, swimming pools, gardens, and parking. This is one of the major factors that make cement tiles one of the best materials when it comes to cost-effective construction. Burgeoning construction industry spurs the cement tiles market. Technological advancements through extensive R&D will lead to the development of eco-friendly manufacturing processes, which will further encourage the market growth. On the contrary, the surface of cement tiles is unfit for some locations due to its hard tile surface covering. The manufacturing process of cement tiles uses a significant amount of energy and emits a huge amount of carbon dioxide. Such factors are likely to restrict the market growth in the foreseeable future. Global Cement Tiles Market: Segmental Analysis The global cement tiles market is segmented on the basis of type and application. By type, the cement tiles market is segmented into corrugated tile, S tile, and flat tile. By application, the cement tiles market is segmented into industrial, residential, and commercial. Of these, cement tiles are highly used in the residential segment due to the ever-increasing population, resulting in the construction of buildings. Regional Frontiers Geographically, the global cement tiles market spans across the Asia Pacific, North America, Europe, and the Rest of the World (RoW). Considering the global scenario, Asia Pacific holds strong growth opportunities due to the current boom in the construction industry. The rapidly increasing urban population is further contributing to the growth of the regional market. Governments in this region are highly emphasizing on the development of infrastructure and housing with initiatives like low-cost housing and rural employment guarantee in rural and urban areas. This further encourages the market growth in the APAC. The soaring number of construction projects in emerging nations of the region is likely to spur the market growth. Industry Updates July 2019: One of India’s top producers of ready-mix concrete and cement, ACC Limited, has been awarded the first Indian Circular Economy Awards 2019 in the Large Enterprise category, which was instituted by the FICCI. The award identified ACC’s contributions in the area of Circular Economy and Sustainability. Competitive Dashboard The players dominating the global cement tiles market include GranitiFiandre S.p.A. (Italy), Lafarge (France), Ross Roof Group (New Zealand), Ultra Tile (India), Avente Tile (U.S.), Harmouch (Egypt), Vande Hey Raleigh Mfg., Inc. (U.S.), Villa Lagoon Tile (U.S.), Boral (U.S.), and Uni-Group (U.S.). Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ |