The global trash rack cleaning machine (TRCM) market is anticipated to grow from USD 391.4 million in 2023 to approximately USD 585 million by 2033, expanding at a CAGR of 4.1% over the forecast period. Trash rack cleaning machines are essential for clearing debris such as logs, branches, leaves, and grass that obstruct trash racks, …
Category Archives: Industrial News
Global Swivel Couplers Market Set to Reach USD 584.87 Million by 2033 with a 5.3% CAGR
The global swivel couplers market is expected to grow steadily, reaching USD 584.87 million by 2033 with a CAGR of 5.3% from 2023 to 2033. Valued at USD 348.96 million in 2023, the market’s expansion is primarily fueled by increasing construction activities and growth in the fabrication sector. Swivel couplers, typically made from metals and …
Global Slitting Machine Market to Reach USD 682 Million by 2032, Driven by Automation in Packaging and Growing Demand in Metal and Plastic Industries
The global slitting machine market, valued at USD 498 million in 2022, is projected to reach USD 682 million by 2032, growing at a CAGR of 3.2% over the forecast period. Slitting machines are commonly used for precise slitting of materials such as paper, plastic film, and metal foils. For softer materials, circular or straight …
Variable Valve Timing (VVT) Actuator Market Projected to Reach USD 3,630 Million by 2032, Driven by Automation and Fuel Efficiency Demands
Forecasts indicate significant growth in the Variable Valve Timing (VVT) actuators market, with an expected value of USD 2,134.3 million in 2022, projected to rise to USD 3,630 million by 2032, reflecting a CAGR of 5.5% throughout the forecast period. VVT actuators are essential for adjusting valve timings, enabling functions such as advancing or delaying …
Global Sirens Market Projected to Reach USD 244.0 Million by 2032, Driven by Increasing Security Needs
The global sirens market is expected to achieve a valuation of USD 170.1 million in 2022 and is projected to grow to USD 244.0 million by 2032, reflecting a CAGR of 3.7%. Rising threats and accidents in developing economies have led to an increase in casualties and business losses, prompting a surge in the adoption …
Global Radial Drilling Machine Market to Reach USD 8.8 Billion by 2032, Driven by Industrial Growth and Versatile Applications
The global radial drilling machine market is projected to grow from USD 4.2 billion in 2022 to USD 8.8 billion by 2032, with a CAGR of 7.7% during the forecast period. The increasing demand for drilling operations—such as boring holes, reaming, countersinking, counterboring, tapping, and spot facing—drives the market. Radial drilling machines facilitate quick and …
Global Laser Welding Equipment Market Set to Reach USD 5,070.6 Million by 2034, Growing at a CAGR of 5.7%
The global laser welding equipment market is expected to increase from USD 2,899.1 million in 2024 to USD 5,070.6 million by 2034, demonstrating a strong CAGR of 5.7% throughout the forecast period. Key factors driving the growth of the laser welding equipment market include the automotive and construction industries. The automotive sector has seen a …
Global Hot Chamber Die Casting Machine Market Expected to Reach USD 101.57 Billion by 2033, Driven by Automotive Demand and Cost-Effective Production
The global hot chamber die casting machine market is anticipated to be valued at approximately USD 65.47 billion in 2023. The market is set to experience significant growth, particularly from end-user industries like automotive, thanks to its key advantages, including low-cost production and superior finishing quality. Sales of hot chamber die casting machines are projected …
Global Suspended Ceiling Systems Market Expected to Reach USD 6.8 Billion by 2032, Driven by Affordable Housing and Versatility
According to the latest report from FMI, the global market for suspended ceiling systems was valued at approximately USD 6.8 billion in 2022 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.5% from 2022 to 2032. Key Drivers: Demand for Affordable Housing and System Versatility The increasing need for affordable …
Global Dry Vacuum Pumps Market Forecasted to Reach USD 5,296.2 Million by 2033, Growing at 7% CAGR | FMI Analysis
According to Future Market Insights (FMI), the global Dry Vacuum Pumps Market has witnessed a remarkable ascent, reaching an impressive USD 2,340.7 million in 2018. Fast forward to 2022, and the market has displayed an astonishing year-on-year growth rate of 5.3%, projecting an expansion of the market to an estimated USD 2,698 million in 2023. As we …