In 2023, the global modular construction market is expected to be worth USD 97.51 billion. The adoption of modular construction is projected to develop at a 7.4% CAGR to reach USD 199.11 billion by 2033. One of the key drivers of growth in the modular construction industry is the increasing demand for affordable housing and infrastructure solutions. …
Monthly Archives: January 2025
Global Screw Conveyor Market Poised for Robust Growth: Projected to Surpass USD 1.4 Billion by 2032 with a 4.8% CAGR
According to Future Market Insights, global screw conveyor sales are expected to reach around USD 884.2 million in 2022. Over the forecast period 2022 to 2032, the overall market size is expected to grow at a 4.8% CAGR, surpassing USD 1,416.3 million by the end of 2032. The increasing use of screw conveyors in various …
Global Industrial Gearbox Market Projected to Reach USD 47.16 billion by 2033, With a 4.6% CAGR
The industrial gearbox market is predicted to be worth USD 30.08 billion in 2023, and rise to USD 47.16 billion by 2033. Demand is expected to increase at a CAGR of 4.6% during the projected period. Given that industrial gearboxes are used to control the speed and torque of production-related machinery and components, demand for these gearboxes is expected to rise as smart …
Global Wood Chipper Market to Surpass USD 645.8 million by 2034, with a 3.4% CAGR Growth
Despite growing at a modest rate of 3.4% annually, the wood chipper market is still active in all end-use areas in 2033, with a projected value of USD 447.1 million in 2023 and USD 462.3 million by 2024. Wood chippers serve as robust machines designed to efficiently reduce wood, predominantly tree limbs and trunks, into …
Power Quality Equipment Market Insights: Rising at a 5.4% CAGR by 2034, Projected Value of USD 73.7 Billion
The global power quality equipment market is expected to reach USD 41.1 billion by 2024. It is expected to grow at a 6% CAGR throughout the assessment period, reaching a value of USD 73.7 billion by 2034. The sector is expected to increase at a rate of 5.4% year on year in 2024. One of …
Veterinary Services Industry to Expand 2.4X, Reaching USD 244.4 Billion by 2032 at an 8.4% CAGR
The global veterinary services industry is set for remarkable growth, with its valuation increasing from USD 102.3 billion in 2021 to an estimated USD 244.4 billion by 2032. According to a report by FMI, the market is expected to expand at a compound annual growth rate (CAGR) of 8.4% from 2022 to 2032, significantly outpacing …
ASEAN Conveyor System Market Projected to Reach USD 4,202.4 million by 2034, Expanding at a CAGR of 7.1%
The market for ASEAN conveyor systems was valued at about USD 1,981.6 million in 2023 and is projected to increase at a 6.8% annual rate to reach USD 2,116.4 million in 2024. Continued industrialization, rising demands from the manufacturing and e-commerce sectors, and the expanding usage of automation technologies will all contribute to this. As …
Global Asphalt Pavers Market Set to Achieve a 4.4% CAGR, projected to Exceed USD 3,414.6 Million by 2032
The global asphalt pavers market was valued at USD 2,135.0 million in 2021 and is expected to reach USD 2,220.4 million in 2022. Furthermore, with increased government spending in creating and updating road infrastructure, overall sales of asphalt pavers are expected to grow at a CAGR of 4.4% between 2022 and 2032, achieving a total valuation of USD 3,414.6 Million by …
Peptide Synthesis Industry Set to Double, Reaching USD 1.1 Billion by 2033 with an 8% CAGR
The global peptide synthesis market is poised for significant growth, with its valuation projected to increase from USD 520.0 million in 2023 to an impressive USD 1.1 billion by 2033. This growth, driven by a steady compound annual growth rate (CAGR) of 8% during the forecast period, highlights the rising importance of peptides in the …
Extreme Ultraviolet Lithography Market 2023 Future Analysis, Demand by Regions and Opportunities with Challenges 2033
Extreme ultraviolet lithography market is expected to have a market value of USD 1,918.8 million in 2023 and USD 17,353 million in 2033, with a compound annual growth rate (CAGR) of 24.6%. The increasing prevalence of smartphones worldwide is contributing to the growth of the extreme ultraviolet lithography industry. Following its introduction, lithography technology was …