According to FMI, the global hand tools market will be worth US$ 26.70 billion by 2032, growing at a 5.9% CAGR during the forecast period. (2022 to 2032). Between 2022 and 2032, hand tool sales are expected to grow at a 5.9% CAGR.In 2022, the global hand tools market is expected to grow 5.6% year …
Category Archives: Industrial News
Power Tools Market Outlook, Current and Future Landscape Analysis during Forecast 2022 to 2032
This is expected to be the most significant distinguishing feature in the power tools industry. According to Future Market Insights, the global power tools market is expected to reach US$ 33.36 billion by 2021. (FMI). The global power tools market is expected to grow at a 4.5% CAGR between 2022 and 2032, reaching US$ 1,694.9 …
Commercial Refrigeration Equipment Market Key Players, SWOT Analysis, Key Indicators & Forecast 2022 to 2028
The commercial refrigeration equipment market is anticipated to reach a value of US$ 68.3 billion by 2028, growing at a 4% CAGR between 2022 and 2028. The market for commercial refrigeration equipment is anticipated to expand at a CAGR of 4% during the forecast period. By the end of 2022, the market for commercial refrigeration …
Laser Safety Glasses Market Trends, Growth & Demand Analysis during forecast 2022 to 2028
The laser safety glasses market will generate US$ 509 million in revenue in 2021. By 2028, the global market is anticipated to be worth US$1.05 billion, growing at a rapid CAGR of 10.9%. According to a recent Future Market Insights (FMI) report, the increasing use of laser equipment in various end-use industries is the main …
Rapid Technological Advancements and Need for Precision Manufacturing to Boost Industrial Robotics Market at a CAGR of 18.9% during Forecast 2023 to 2033
The worldwide industrial robotics market is supposed to surpass US$ 220 billion toward the finish of 2033, as per Future Market Bits of knowledge (FMI). From 2023 to 2033, the market is supposed to develop at a CAGR of 18.9%. Future Market Bits of knowledge’s new market research on the industrial robotics market incorporates an …
Growing Emphasis on Electrical Safety and Quality Control to Boost Electrical Testing Services Market at a CAGR of 7.1% by the end of 2031
The global electrical testing services market is predicted to reach US$ 13.4 billion by 2031, according to a recent FMI analysis. Increased workplace accidents, in conjunction with the implementation of workplace safety regulations, are moving the electrical testing services market ahead. The extensive assessment of the electrical testing services business conducted by FMI reveals important …
Emergence of E-commerce and Last-mile Delivery Services to Drive Pallet Truck Market to a Valuation of US$ 79.8 Billion by the end of 2032
The pallet truck market is predicted to increase at a 7.5% CAGR between 2022 and 2032, according to the publisher. A complete analysis, market size and forecast, trends, growth drivers and challenges, and vendor analysis are all part of the pallet trucks market study. In the coming years, industrial automation in emerging economies will generate …
Rising Awareness of Fire Safety Measures to Drive Fire Extinguisher Market at a CAGR of 5.5% by the end of 2031
According to a Future Market Insights (FMI) report, the fire extinguisher market is expected to be worth more than US$ 3.6 billion in 2021, rising at a CAGR of 5.7% between 2021 and 2031. Increased industrial and commercial sector uses of fire extinguishers, together with the implementation of stringent regulations and building requirements, are expected …
Surging Demand for High-Precision Industrial Applications to Propel Fiber Laser Market at 11.1% CAGR by the end of 2031
The global fibre laser market is anticipated to be valued US$ 3.1 billion in 2021, with a CAGR of 11.1% between 2021 and 2031. Erbium, neodymium, ytterbium, praseodymium, thulium, dysprosium, and holmium are examples of rare earth elements found in fibre lasers. Previously, carbon dioxide or helium-neon were utilised in gas lasers. Solid state lasers …
Aerial Work Platforms Market Poised for Robust Growth with Impressive 6.3% CAGR from 2022 to 2032
From 2022 to 2032, the global aerial work platforms market is expected to grow at a 6.3% CAGR, reaching US$ 9,614.3 million in 2021. The global market is expected to be worth US$ 18,658.0 million by 2032. Manufacturers doing business in China can expect new growth opportunities over the next ten years as the country’s …