The total worth of all compact construction equipment sold in 2022 was around US$ 215.9 billion. According to FMI projections, the global compact construction equipment market value could increase at a CAGR of 3.8% between 2023 and 2033. Further, the report predicts the overall valuation to reach US$ 325.4 billion by 2033. PPP mode of …
Category Archives: Industrial News
Cold Forging Machines Market to Expand at a Steady 5.5% CAGR from 2022 to 2032, Get Insights FMI
Cold forging machine market demand is expected to be valued at US$ 22.16 billion in 2022 and US$ 38 billion between 2022 and 2032, growing at a 5.5% CAGR. The increased use of cold forging machines on the global market can be attributed to the high quality of the goods produced as well as the …
Sound Level Measurement Meter Market is Expected to Reach a High Valuation of US$ 1,120 Million during Forecast 2022 to 2032, FMI Study
The global sound level measuring metres market is anticipated to be valued US$ 1120 million by 2032, with sales expanding at a 5.1% CAGR between 2022 and 2032. In 2022, the target market is estimated to be valued US$ 682 million, up from US$ 650 million in 2021. The sound level measuring metre market is …
Global Hammer Mill Market is Expected to Register a Strong 4.3% CAGR by 2032, Says FMI
The global hammer mill market was worth approximately US$ 641.3 million in 2021, and it is expected to grow at a CAGR of 4.3% to reach a value of US$ 1,016 million by 2032. Future Market Insights’ latest report on the global Hammer Mill market finds both hidden opportunities and potential threats. The study offers …
RFID Kanban Systems Market Size to be worth at a US$ 8.4 Billion during Forecast 2022 to 2032, Get Insights FMI
The RFID Kanban System market is expected to reach US$ 1.6 billion in 2022, with a CAGR of 18.1% from 2022 to 2032 to reach US$ 8.4 billion. The mobility of RFID technology has long been a major selling point in the industry. The benefits will rise if cloud-based data storage becomes a typical feature …
Factory Automation And Industrial Controls Market Size, Share, Demand & Growth during Forecast by 2033
The global market for industrial controls and factory automation is predicted to grow at a moderate CAGR of 5.2% from 2022 to 2032, reaching a value of US$ 216.65 billion. The market for factory automation and industrial controls, which is expected to be worth US$ 130.84 Billion in 2022, is benefited by the increased demand …
Vapour Recovery Units Market is projected to surpass a valuation of US$ 2,105.5 million by 2033
The size of the global vapour recovery units market is anticipated to increase significantly between 2023 and 2033. In 2023, the global market is projected to be worth US$ 1,256.2 million, according to a study published by Future Market Insights. It is anticipated to be worth more than US$ 2,105.5 million by 2033. Between 2023 …
U.S. Hitter Based Hand Tools Market Size, Share, Trends & Growth Analysis during Forecast by 2028
By 2028, the market for hitter-based hand tools in the US is projected to reach US$ 687.1 million, growing at a CAGR of 3.3% from 2022 to 2028. FMI has specifically examined the US hitter-based hand tools market in light of the increased construction and DIY activities in the area. Additionally, a number of factors …
Tool Holders Market is estimated a value of US$ 1,173.4 Million by 2022 and US$ 1948.07 Million by 2032 | Future Market Insights, Inc.
By the end of the year, the global tool holders market is projected to be worth roughly US$ 1,173.4 Million, representing a 5.2% annual growth rate. To effectively and securely attach high-speed tools like drills, taps, and milling cutters to a machine, tool holders are required. It is crucial in automated processes that call for …
Telescopic Masts Market is projected to assume a 4.8% CAGR and to reach US$ 630.9 million by 2033
A Telescopic Mast Market is a pyramid-shaped structure that is located above the rig floor. Multi-sectional designs, such as telescopic masts, have upper sections that extend and retract in a controlled, predetermined order. The installation of specific instruments, such as self-operating and remote operating cameras, anemometers, microphones, meteorological instruments, and environmental sensors, can be helped …