The global hydraulic pumps market size is anticipated to expand to USD 15.1 Billion by 2032 at a CAGR of 4.1%. The use of hydraulic pumps in major industries such as construction, automobile, oil & gas, mining, and agriculture, among others, is the major factor driving its global demand. Moreover, with the advancements in IoT and automation, the rising demand for smart & energy-efficient hydraulic pumps is set to surge the market growth for the global hydraulic pumps market in the upcoming...
The global extruders market size is anticipated to expand to USD 14.5 Billion by 2031 at a CAGR of 4.7%. The heavy demand from various industries, such as construction, packaging, and automobile, among others, is the major factor driving the global extruders market. Moreover, the integration of automation in extrusion processes, through the advancements in AI and IoT, is set to surge the global extruders market in the upcoming years.
In the past few decades, there have been advances in...
The global freeze drying equipment market size is anticipated to expand to USD 3.7 Billion by 2031 at a CAGR of 9.4%. The heavy demand from the food & beverage industry for packaged food, and ready-to-eat meals is the major factor driving the global freeze drying equipment market. Technological advancements in AI & IoT and their use in freeze drying systems are set to surge the global freeze drying equipment market in the upcoming years.
The freeze-drying equipment market is expanding...
The global downhole tools market size is anticipated to expand to USD 7.2 Billion by 2031 at a CAGR of 5.1%. The rising global energy demand is the major factor driving the growth of the downhole tools market. With increasing investment in offshore drilling projects, coupled with a growing emphasis on digitization and automation in drilling operations through sensors and real-time monitoring capabilities, the global downhole tools market is set to surge in the upcoming years.
The global...
The global automotive snow chain market size is expected to expand to USD 1.41 Billion by 2031 at a CAGR of 4.4%. The market is being heavily driven by the growing knowledge and awareness of consumers regarding the effective use of automotive snow chains in winter especially through social media. Moreover, the technological advancements in the automotive snow chain industry such as sensors that can modify the chains according to the road conditions is set to bring opportunities for market...
The global overhead cranes market size is expected to expand to USD 8.2 Billion by 2031 at a CAGR of 5.7%. One significant driver for the overhead cranes market is the global boom in infrastructure building, particularly in emerging economies, which propels the construction sector. Large-scale projects require overhead cranes as they are essential for moving big items around on building sites. The advent of technologies such as artificial intelligence (AI) & Internet of Things (IoT) and...
The global concrete mixer market size is expected to expand to USD 6.4 Billion by 2031 at a CAGR of 5.1%. The rapid urbanization around the globe and ongoing innovation related to creative mixers for sustainable construction methods have set the growth for the global concrete mixers market to surge in the upcoming years.
There is a growing need for concrete mixers owing to the building sector's explosive expansion, particularly in developing nations. This need is being further fueled by...
The global automotive drivetrain market is expected to expand to USD 384.5 Billion by 2031 at a CAGR of 6.3%. The rising sales of vehicles especially in the emerging economies is a major factor for the increased demand of automotive drivetrain in the past few years. Moreover, the advancement in drivetrain technologies coupled with the rise of electric vehicles across the globe has brought new opportunities for the global automotive drivetrain market for the upcoming years.
The growth and...
The global mining equipment market size is expected to expand to USD 183.5 Billion by 2030 at a 5.18% CAGR over the forecast period. The global mining equipment industry involves the production and sale of machinery and tools used in extracting minerals and metals from the earth. It encompasses a wide range of equipment, including excavators, drills, crushers, and other specialized machinery. This industry is closely tied to the mining sector, which supplies the demand for metals and...
The global aerospace bearings market size is expected to expand to USD 15.1. Billion by 2030 at a 3.4% CAGR over the forecast period. The aerospace industry is enormous and challenging, spanning a wide range of operations relevant to the creation, building, and operation of aeroplanes, spacecraft, and associated technological advances. The aircraft industry is also exposed to considerable supervision and regulation from national and international authorities, notably in the realms of...
