Forecasted for the period spanning 2022 to 2028, the US hitter-based hand tools market is poised for steady growth, boasting a Compound Annual Growth Rate (CAGR) of 3.3%. This trajectory is expected to culminate in a market valuation of USD 687.1 million. The rationale behind our dedicated focus on the US market for hitter-based hand tools is …
Category Archives: Industrial News
Global Industrial Hose Assembly Market Poised to Exceed USD 39,058.45 Million by 2034, Surging Steadily at a CAGR of 5.6%
The global industrial hose assembly market is holding a valuation of USD 22,651.4 million as per the estimates for 2024. Moreover, the global sales of industrial hose and fittings recorded a y-o-y growth of 5.6% which is going to continue till 2034. By following this promising CAGR, the global industrial hose assembly industry is vying for a capacity to generate a …
Global Electrical Enclosure Market Projected to Surpass USD 81.3 Billion by 2033, with a CAGR of 5.2% | FMI Reports
The global electrical enclosure market is set for significant growth, with an estimated value of USD 46.6 billion by 2022. This growth trend is expected to continue, propelled by strong demand from sectors such as mining and other industrial applications. By 2033, the market is anticipated to reach a valuation of USD 81.3 billion, indicating a robust compound annual growth rate …
Global Aerial Work Platforms Market Size Expected to Hit USD 19.43 Billion by 2033, Growing at a 6.1% CAGR | FMI Projection
Future Market Insights projects that the global aerial work platforms market will reach approximately USD 19.43 billion by 2033, representing a moderate compound annual growth rate (CAGR) of 6.1%. This marks a significant increase from the anticipated value of USD 10.75 billion in 2023. Aerial work platforms, including mobile elevating work platforms, cherry pickers, and aerial lifts, are increasingly being favored over …
Scissor Lift Market Set to Total USD 4251.7 Million by 2034, Surging at 3.5% CAGR, Owing to Growing Construction Industry Worldwide | Future Market Insights, Inc.
The estimated global scissor lifts market size is anticipated to reach USD 3014.1 Million by 2024 and is set to grow at a CAGR of 3.5% from 2024 to 2034. It is anticipated that worldwide sales of scissor lifts will total USD 4251.7 Million by 2034, driven by increasing investment in infrastructure development and renovation projects. Rapid urbanization in emerging economies and increased …
Global Machine Mount Market Size Expected to Reach USD 3,097.5 Million in 2033, Predicts Future Market Insights, Inc.
The global machine mount market value is USD 1,848.20 Million in 2023. The machine mount sales are expected to witness a CAGR of 5.3% from 2023 to 2033. The machine mount demand is anticipated to reach USD 3,097.65 Million by 2033. The global machine mount industry is stimulated by the rising demand for heavy machinery and equipment in various industries, including automotive, manufacturing, …
FMI Study States Global Combi Ovens Market Size to Hit USD 5.8 Billion by 2033, Surging at an Impressive 10.7% CAGR
The global combi ovens market size is likely to be valued at USD 2.1 Billion in 2023. The increasing demand for energy efficient cooking equipment’s is driving market growth. The market is estimated to garner USD 5.8 Billion in 2033, recording a CAGR of 10.7% from 2023 to 2033. The market for Combi Ovens is primarily driven by the restaurant industry’s unquenchable need for faster, …
Global Industrial Hearables Market to total USD 1,700 Million by 2033, Rising at a 7.9% CAGR – FMI Report
The industrial hearables market is predicted to be valued at USD 791.15 Million in 2023 and USD 1,700 Million by 2033. Over the projection period, the industrial hearables market is expected to surge at a CAGR of 7.9%. Beyond traditional noise-cancellation, cognitive noise reduction is gaining traction. AI algorithms analyze sound patterns, filtering only critical information while preserving important audio cues. This …
Global Bulk Material Handling Systems Market Forecasted to Surpass USD 6.9 Billion by 2033, Expanding at a 2.5% CAGR | FMI Reports
The global bulk material handling system market is projected to reach approximately USD 5.4 billion by 2023. This growth is driven by expanding applications across diverse end-use industries. The market is expected to continue evolving, with a projected value of USD 6.9 billion by 2033, reflecting a compound annual growth rate (CAGR) of 2.5% from 2023 to 2033. Currently, the Bulk Material Handling …
Global Smart Water Grid Market Surging at 6.5% CAGR, Reaching Valuation of USD 48,683.6 Million by 2033 | FMI Analysis
The smart water grid market, which boasted a substantial worth of USD 27,620.8 million in 2022, is poised for an extraordinary upswing. Forecasts suggest an impressive compound annual growth rate (CAGR) of 6.5%, driving its value to an astonishing USD 48,683.6 million by 2033. The smart water grid industry is set for remarkable expansion, thanks to …