The SCC tester market is projected to experience steady growth at a CAGR of 5%-6% from 2022 to 2032. Rising investments in the construction and infrastructure sectors across various countries are expected to drive the market’s expansion during this period. An SCC tester is fundamentally known as a slump cone concrete tester. An SCC tester …
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Shear Testing Equipment Market Expected to Grow Steadily at 3.3% to 3.6% CAGR by 2032
Global demand for shear testing equipment is projected to increase at a CAGR of approximately 3.3% to 3.6% from 2022 to 2032. The rapid adoption of shear testing tools across manufacturing industries, research laboratories, and educational institutions is a major driver fueling market growth. Shear Testing Equipment market study offers a comprehensive analysis of the …
Leak Testing Market Projected to Reach USD 13.0 Billion by 2032, Driven by Growing Demand for Detection Solutions
The global leak testing market was valued at USD 7.8 billion in 2021 and is expected to grow at a CAGR of 4.8%, reaching USD 13.0 billion by 2032. The hardware segment, particularly detectors, is anticipated to account for more than 30.3% of the market share by the end of the forecast period. Technological innovations …
Melting Point Apparatus Market to Reach USD 34.1 Billion by 2032, Driven by Rising Demand in Chemical and Pharmaceutical Sectors
The global melting point apparatus market is projected to grow steadily at a CAGR of 7.5% from 2022 to 2032, reaching a value of USD 34.1 billion by 2032. Increasing demand for melting point apparatus in the chemical, materials, and pharmaceutical industries is expected to drive this growth. According to FMI, the market is estimated …
Tech-Savvy Hotel Chains Market to Quadruple by 2034, Driven by Rapid Technological Integration
The global tech-savvy hotel chains market is projected to grow from approximately USD 70,898.5 million in 2024 to USD 294,394.8 million by 2034, with a strong CAGR of 15.3% during the forecast period. In 2023, the market’s value was USD 61,597.3 million, and it is expected to experience a year-on-year growth rate of 13.1% in …
Rising Demand for Customization and E-Bike Adoption Boosts Bicycle Component Aftermarket in Korea | FMI Reports
The bicycle component aftermarket in Korea is set to grow at a CAGR of 5.0% between 2024 and 2034, beginning with a valuation of USD 431.8 million in 2024. This market is on the cusp of significant opportunities, driven by technological advancements and evolving consumer preferences. A notable trend shaping the industry is the integration …
Japan’s Bicycle Component Aftermarket Gains Momentum Amid Rising Popularity of Cycling and E-Bikes | FMI Reports
In Japan, the bicycle component aftermarket is anticipated to grow at a steady CAGR of 5.40% through 2034. The market is projected to reach a valuation of USD 816.1 million in 2024, driven by increasing consumer demand for environmentally friendly and sustainable products. The rising preference for aftermarket components made from recycled materials aligns with …
Battery Technology Market Poised for Unprecedented Growth with Rising Demand for Energy Storage and Sustainable Power Solutions | FMI Reports
The global battery technology market is set for robust growth, projected to reach a valuation of USD 113.5 billion in 2024 and expected to expand at a compound annual growth rate (CAGR) of 8.2% over the forecast period. By 2034, the market is estimated to attain a value of approximately USD 250 billion. This growth …
Axial Piston Motor Market Gears Up for Sustained Growth Driven by Demand for High-Performance Hydraulic Solutions | FMI Reports
The axial piston motor market is projected to grow steadily, with an estimated valuation of USD 375 million in 2024 and an anticipated rise to USD 529 million by 2034. This reflects a compound annual growth rate (CAGR) of 3.70% during the forecast period. The growth is primarily driven by increasing adoption across industries, fueled …
Western Europe’s Automotive Performance Tuning and Engine Remapping Market Gains Traction with Rising Demand for Efficiency and Customization | FMI Reports
In Western Europe, the automotive performance tuning and engine remapping services market is projected to grow at a robust CAGR of 6.50% from 2024 to 2034. Valued at an estimated USD 540.6 million in 2024, the sector is set to capitalize on expanding opportunities in the region. The increasing awareness among vehicle owners regarding the …