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Washing Machine Market - Forecast(2021 - 2026)

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 Washing Machine Market Overview:

According to the International Trade Center (ITC), the total trade of washing machines was evaluated at $13.72 billion in 2018. This growth is attributed to the consumer affluence and the latest innovations occurring in the washing machine market such as bubble technology and drive technology. These factors are disrupting the overall washing machine market growth and gaining consumer traction as they lessen energy-consumption and fabric damage. The global washing machine market had a valuation of $37.11 billion as of 2018. Furthermore, the demand for washing machines is estimated to grow at a CAGR of 5.42% during the forecast period 2019-2025.

The report notes that North America has been witnessing high growth rate in the washing machine market recently. In 2018, North America recorded 36.84% of the global revenue share. Advancements in home appliances with growing possibilities of Internet of Things (IoT), the washing machines are among a variety of in-house tools saving energy while easing chores.

Washing Machine Market Outlook:

Based on their type of operation, a washing machine is categorized into semi-automatic and fully-automatic. A semi-automatic clothes washer needs human intervention to change the wet clothes from one tub to another, while the fully-automatic needs a single touch to start operation. Fully automatic laundry machines are power-efficient too.

Laundry is a regular practice among residential users. Owing to the design features and user-friendly operation, the residential washing machine market growth is poised to rise at a CAGR of 6.70% during the aforesaid forecast period. At present, residential washing machines, which consume less water and provide less human interventions to operate are in demand. The demand influx in the residential washing machine market is attributed to the consumer affluence and hectic lifestyle of the residential consumers.

Washing Machine Market Growth Drivers:

· Smart Technologies Invade the Washing Machine Market –

Convenience that does not compromise performance is being the top priority for the consumers.This is leading to the innovations of smart technologies in the home appliances market, especially in the washing machine industry. A few manufacturers are using smart technologies such as drive technology and bubble technology to tag the data and track the status of the items washed, whereas others are using to measure the performance indicators such as electricity, chemicals, and resources. Smart technology embedded clothe washers do not overrun, thereby saving time for consumers, especially for the commercial laundry businesses.

· Design Conquers Functionality –

Today, consumers treat appliances as a piece of furniture.The functionality of washing machines can be almost similar. The consumers are trying to blend the washing machines into their living spaces. When the functionality is same, the design that impacts the consumer emotions is the best-selling one in the market. These design features act as a growth drivers to the washing machine market. This is poised to be a major application driver in the washing machine market.

Washing Machine Market Trends –

· Building brand loyalty –

In order to differentiate their products from their peers, marketing teams of giant players are focusing on building their brand and gaining customer loyalty. These organizations are trying to connect emotionally with the consumers and highlight their fancy design elements of the washing machines. By building the brand loyalty, companies are trying to increase their washing machine market share.

·  Acquisitions in the washing machine market –

In February 2018, Hughes Electrical acquired Armstrong which is a worldwide producer of commercial laundry equipment. This acquisition allows Hughes to open trade counters to provide domestic equipment to local businesses as well as to Armstrong customers.

Washing Machine Market: Key Players

Samsung Group, LG Electronics Inc., Whirlpool Corporation, Panasonic Corporation, Robert Bosch GmbH, Miele, Toshiba Corporation, Haier Group Corporation, Electrolux AB, BSH Hausgeräte GmbH, General Electric Company, Hisense Co. Ltd., and Hitachi, Ltd. are major players in the global washing machine market.

Washing Machine Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the washing machine market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The washing machine market research report also analyses the application of the washing machines in various industries such as residential, hospitals, hotels and, others.

Washing Machine Market Report: Industry Coverage

This report also documents the washing machine market based on operation type that includes semi-automatic and fully-automatic washing machines.

The washing machine market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia

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Field Service Management Market - Forecast(2021 - 2026)

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 Field Service Management Market size is forecast to reach $6.5 billion by 2025, at a CAGR 15.4% during 2020-2025. The growing demand for mobile apps to gain real-time visibility into field operations and the adoption of cloud-based field service management solutions, with increasing time demands and cost-effective solutions will drive the market. The increasing demand for mobility-based solutions to boost field operations, scaling up the activities of field technicians with the assistance of advanced technologies are some of the major drivers for the development of the service management industry. The number of field technicians employed worldwide has already surpassed the 20 million level and is expected to continue to rise over the forecast period. Hence with the increasing number of field service technicians market for field service management is expected to rise in the forecast period.

Key Takeaways

  • Increasing the use of mobile devices in several market sectors has aided in handling inventories. In the current market situation, inventory management solutions are implemented in several mobile devices to help service organizations exploit data from the field to enhance the preparation and forecasting of their components.
  • Cloud-based field service management offers companies the ease and versatility to more effectively run their business in the workplace as well as in the sector. Some of the advantages of cloud-base field resources management are; it allows remote access, provides security and data preservation, is paperless, and also delivers information in real time.
  • In 2018, the manufacturing sector had the largest 24.8 per cent market share. Field service management is a significant investment sector for producers, as they seek to address the need for greater consumer awareness.
  • North America is expected to account for the Field Service Management Market's largest share. The region comprises developed countries - United States and Canada, and is deemed the most mature country for the use of digital technologies.

By Component - Segment Analysis 

The category of services is likely to grow even faster than the segment of solutions. Field service management services have a broad range of uses, varying from customer support for products delivery, policy and execution to business needs. Field resources support companies connect legacy systems to modern applications and carry out preparation and deployment research so that consumers can concentrate on their core business. This has created opportunities for vendors to provide services to businesses in different industries and help them deal with challenges when configuring solutions for field service management.

By Deployment Mode - Segment Analysis

The cloud distribution method is expected to grow faster in this sector at 22.9% due to its easy, flexible, inexpensive and scalable characteristics, as it is quickly implemented by different companies. The cost of installing cloud-based field service management tools is however smaller than on-site applications. It also provides the highest level of security and reliability of the tests. As the installation costs for cloud-based field service management solutions are smaller than the on-site solutions, they face higher adoption. 

By Vertical Outlook

The manufacturing sector dominated the global market in 2019 on the basis of vertical production, and is expected to rise in the forecast period. Field service approaches enable manufacturing companies to reliable, productive and error-free their business operations. This helps companies to increase the quality of their products and services to help reduce the time, effort and cost of producing products and service delivery. The rapid growth in small and medium-sized company adoption of these solutions is projected to further fuel market growth over the forecast period. Field service management is an important investment sector for manufacturers as they try to adapt to the customer-centered market. Manufacturers are planning to buy, update or boost their service delivery applications in the coming year and field service management systems are one of the key components of service delivery.

Geography - Segment Analysis

Field Service Management technology market is dominated by North America, North America has the largest market share with 36.8%, as the country is a major hub for technological innovation and an early adopter of new technologies. Organizations in the area are focused on providing consumers with the best-in-class facilities, ensuring that their field technicians access the right information and tools at the right time to solve consumer problems. Higher internet penetration, communication devices, and mobile phones also significantly changed consumer preferences purchasing behavior. Organizations implement creative field service management systems to satisfy customer needs. The participation of major players in the region often fosters competition and appreciation of the benefits gained through the implementation of field service management solutions.


Drivers – Field Service Management Market

Increase development and digitalization transition in the field services industry

Field service providers are evolving from conventional solutions to modernization of their business processes. Due to changes in customer requirements, field service organizations are gradually incorporating technology and digitalization into field service activities. Automation allows workers boost their productivity and best serve their customers. This allows them to adapt to changing field operator requirements throughout the day, eradicating unproductive tasks and saving time. Accordingly, companies realize the need to simplify field service management systems, increasing market demand. Product retailers are aggressively seeking to improve their products through the use of advanced technologies like AI.

Increased accessibility demands for real-time exposure

It was almost impossible to run a field service company remotely a decade ago. Nowadays, smartphones and tablets make this a reality. The real-time tracking of the progress of field service technicians not only encourages the immediate deployment of the closest technician to solve a problem, but also empowers such technicians with the necessary information to solve the problem of the consumer at the first encounter. Technicians may restore a system remotely or update new software without having to visit the site utilizing field service management technologies enabled by mobility. At the edge of the client, real-time insight into the activity of the technician provides certainty of assistance arriving at the expected time. The introduction of field service technologies powered by connectivity thus lets service organizations make better business decisions, gain better control of field operations and provide timely services to customers.

Challenges –Field Service Management Market

Safety concerns pertaining to data security

It is very difficult for field service organizations to select the right approach from the pool of alternatives that can meet their particular business needs and thus stay professional in an extremely complex and highly competitive setting. There is no clear way of determining a field service solution's strengths or operation quality. Organizations are very cautious of their results, as data loss may cost the company a considerable amount and can tarnish the organization's brand image. Therefore, if the approach applied failed to address any of the criteria, it would impact the day-to-day field operations of businesses and the efficiency of their employees, which could contribute to further capital losses.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Field Service Management market. In 2019, the market of Field Service Management market has been consolidated by the top players - Oracle (US); Microsoft (US); IFS (Sweden); ClickSoftware (US); ServiceMax (US); Astea (US); Comarch (Poland); SAP (Germany); Salesforce (US); Trimble (US); Infor (US); OverIT (Italy); ServicePower (US); FieldAware (US); GEOCONCEPT (France); FieldEZ (India), Zinier (US), Glidesys Technologies, SAS Institute, Teradata, Tibco, Adobe, Cisco, IBM, Sisense, Astea, Comarch

Launches/Acquisitions

  • Oracle launched Oracle Service Logistics Cloud in March 2019, an end-to-end system that puts together customer experience, field service, and supply chain processes within a single comprehensive cloud solution. This product launch would allow companies to improve field service operations and provide customer experience seamlessly.
  • IFS released a new version 6.0 of IFS Field Service Management in February 2019 to help its customers exploit their new capabilities. This new product update includes major improvements, such as a framework for improving preparation and scheduling, module for customer engagement and a new user interface.
  • In July 2018, Microsoft collaborated with National Oilwell Varco, Inc., a global oil & gas industry leading provider of technologies, facilities, and services. This collaboration helped National Oilwell Varco to streamline its business processes, access data and insights in real-time, and revolutionize field service operations with a new, mobile first approach.


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Augmented and Virtual Reality Market - Forecast(2021 - 2026)

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 Augmented Reality Market and Virtual Reality Market Overview:

As per an online release by Forbes in 2017, 98% of cinema screens in China were 3D. Such developments in one of the leading entertainment-content country-wide industry indicates firmly the alternations being demanded by viewers. Owing to such demand, augmented reality market and virtual reality market are gaining traction. AR and VR tools inhibits the confinement of human physical possibilities and relishes one’s quest for all sorts of endeavors. Augmented reality market and virtual reality market growth is not only fueled by entertainment content but also expands to healthcare, aviation, and defense sectors in particular. Owing to such tremendous scope of application in flourishing sectors, augmented reality market and virtual reality market are collectively valued at around $11 billion - $13 billion as of 2018 and owing to its convergence with the $100 billion gaming sector, it is progressing at a global CAGR of 35% - 38% during the forecast period of 2019 to 2025.

AR Market and VR Market Outlook:

Augmented reality resides the real-world with computer-generated information and multiple sensory modalities such as the haptic, accelerometer, and auditory. Virtual reality is a computer-engineered 3D environment, which entirely submerges end users in a virtual world aided by motion sensors and gyroscopes without seeing the real-world. After an acute analysis of augmented and virtual reality market application segments, gaming sector is detected to be dominating over aerospace, healthcare, and defense, progressing with an application CAGR of 37% - 41% going through 2025. Sony Corporation, one of the leading manufacturers and innovators in the global gaming forum, asserted in their 2018 annual report a significant 10% of increase in Q3 of FY 2018 from Q3 of 2017 in their gaming segment. It was confirmed by their top representative that their game & network services business has grown into the Sony Group's largest business in terms of both sales and operating income.  

Being one of the most advanced settlement in terms of cutting-edge technology being implied in all its industrial operations, North America is reckoned to be dominating the global augmented reality market and virtual reality market demand. This region, housing some of the pioneering players such as Google Inc., Microsoft Corporation, and Facebook, is responsible for a substantial 34% of the global demand as of 2018. Such dominance can be attributed to its existing healthcare, aerospace, defense, and retail management sector already equipped with sound technologies compatible for the adoption of augmented and virtual reality gears such as smart glasses and virtual retinal display.


Augmented Reality Market and Virtual Reality Market Growth Factors and Trends:

  • Engineers can use AR headsets for on job improvisation centered to the fact that the human mind processes technical information more efficiently presented in a 3D format faster than having to translate it from a 2D perspective. VR is becoming an integral backbone of numerous drill programs for future accident and emergency doctors, aiding for better preparation of practitioners for surgery using VR systems, before having to commence actual patients. 
  • A classic business application example of AR headsets can be derived from the manufacturing process of Boeing, 78-7 Freighter. Google Glass is being employed by aircraft engineers during wire assembly process to visualize the information right before their eyes, with video and voice instructions, for efficient and faster operations.
  • Amazon, uses AR technology to allow customers to project versions of furniture and electronics into their households to help analyze physicalties.
  • Aerospace and military training is well optimized with the application of augmented and virtual reality devices to create real-life situations for trainees and also to keep a detailed tracked of their performance. AR and VR device’s convergence with IoT can transform the situations to be more genuine and apt for effective learning.

AR Market and VR Market Challenges:

Absence of efficient user experience design and sluggish growth in the underdeveloped economies are probable to hamper the market progression. 3D interface design is an intricate and expensive procedure. Moreover, only a few people are available with the essential design expertise to overcome these concerns. On the different side, surge in influx of investments in the market is forecast to be an augmented and virtual reality market driver.

Augmented and Virtual Reality Market Players Perspective:

Some of the key players active in the augmented and virtual reality market are Google, Microsoft, Oculus VR (Facebook), Sony, Samsung Electronics, HTC, PTC, Wikitude, GmbH, Magic Leap, Osterhout Design Group, Daqri, Blippar, Upskill, Continental Visteon, Eon Reality, Vuzix, Zugara, and MAXST.

Augmented and Virtual Reality Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Augmented and Virtual Reality Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the various gears and apparatuses in Augmented and Virtual Reality Market, and their specific uses.


The Augmented and Virtual Reality Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia 

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Cleaning And Disinfection Robots Market - Forecast(2021 - 2026)

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 Cleaning And Disinfection Robots Market is projected to reach revenue of $2.44 billion by 2025, and is estimated to grow at a CAGR of 10.3% during the forecast period 2020-2025. Lack of hygiene and poor sanitation are the key factors leading to various diseases such as cholera, diarrhea, dysentery and hepatitis. To overcome them medical and medical and healthcare expenditure increases. Thus the focus on hygiene increases along with methods to increase disease prevention. 

Key Takeaways

Disinfectant Robot Market is estimated to grow at a CAGR of 10.3% owing to the rising demand of hygiene globally across various sectors.

North America accounts for largest share in terms of revenue owing to its industrial requirements due to stringent government regulations regarding the maintenance of hygiene.

The rise in the number of patients affected by Coronavirus has also boosted the need for disinfectant robots recently which are deployed in hospitals to disinfect them.

By Type - Segment Analysis

By type the Cleaning And Disinfection Robots Market is segmented into Hydrogen Peroxide Vapor and Ultraviolet Light. Among these Ultraviolet Light Robots held the largest share in the market in 2019 owing to the increasing number of viral diseases across the world. These Robots can efficiently disinfect hospitals and industries using UV light. These sectors have higher demand for the robots as they can invest in such devices rather than man power. Moreover, according to the IEEE spectrum these robots have been operating in China over last few weeks due the impact of coronavirus.

By End-User - Segment Analysis

By the end-user segment, is the Healthcare industry is the fastest growing with a CAGR of 6%. This rise is said to be due to the spread of Covid-19 around the world. Furthermore, to prevent the spread of such infections and diseases, hospitals regularly need to disinfect their furniture and surfaces. The manual methods are time consuming and may not be totally germ free. But use of these robots can prove much effective in cleaning. 

Geography - Segment Analysis

North America accounts for major share of the market by region and holds 33% of the Cleaning And Disinfection Robots Market share. This is owing to the technological advancements in that region. Moreover, the increasing demand of automated devices in healthcare and industrial facilities are driving the market growth. Also stringent regulation by government in this region regarding hygiene is also a major factor increasing the use of disinfectant robots. Furthermore, these robots help lower labor cost, improve cleaning efficiency and lower the chances of contagious germs which have increased their adoption in various sectors of North America. 

Drivers – Cleaning And Disinfection Robots Market

Increased Incidence of Communicable Disease 

The increasing number of communicable diseases along with the technological advancement in robots to detect germs and pathogens are driving their growth in healthcare industry. These robots prevent spread of infectious diseases, Healthcare Associated Infection (HAI) and other pathogens. Moreover, these robots can also detect pathogens or germs and clean it. 

Rise in Covid-19

With the increasing spread of Covid-19, the need for UV robots has increased in hospitals in various countries. These robots can effectively disinfect hospitals using UV light to disinfect surfaces. With the help of these robots it generally takes two or three minutes to disinfect surfaces. Increase in the number of patients having coronavirus is driving the growth of Cleaning And Disinfection Robots Market as the need for fast and effective disinfection methods are required.

Challenges – Cleaning And Disinfection Robots Market

High Cost of Disinfectant Robot

High cost of Disinfectant Robot is a major factor restraining its market growth during the forecast period 2020-2025. Robots such as Roomba and Sccoba cost a huge amount of money which can’t be afforded by common people. These robots have more preference in large scale use such as industrial applications. In addition, the cost of maintenance and repair is also high further restraining the market growth.

Disinfectants Robots Market Outlook

Technological advancements are some of the key factors adopted by players in the Cleaning And Disinfection Robots Market. Disinfectants Robots top companies are Bioquell Inc., Blue Ocean Robotics Norway As, Clorox Co and Ultraviolet devices, Ecovacs Robotics Inc, Intellibot Robotics LLC, IRobot Corporation, Lumalier Corp, Siemens, Aucma, Kuka Ag.

Acquisitions/Research & Development Launches:

  • In November 2019, ASME introduced UVD Robots for autonomously disinfecting hospital wards with germicidal UV rays. These robot can guarantee hospitals 99.99% disinfection rates, which reduces the infection risk of patients and staff.
  • In February 2020 Sunay Healthcare Supply collaborated with UVD Robots to help address the coronavirus in China. With Ultraviolet light (UV) the Robot can disinfect and kill viruses and bacteria, effectively limiting the spread of coronavirus benefiting hospital staff by reducing their risk to infection.

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3D Printing In Construction Market - Forecast(2021 - 2026)

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 3D Printing in Construction has taken the world by storm. Daily there is a growth in the number of design companies around the world. Designers are needed to view and visualize the object in 3D. Construction is well-suited to 3D printing as much of the information necessary to create an item will exist as a result of the design process, and the industry is already experienced in computer aided manufacturing. The recent emergence of building information modelling (BIM) in particular may facilitate greater use of 3D printing.

The current business environment has become highly competitive as the leading industries are challenged by the demand for quality, safety, productivity and environmental protection. Construction 3D printing may allow faster and more accurate construction of complex or bespoke items as well as lowering labor costs and producing less waste. It might also enable construction to be undertaken in harsh or dangerous environments not suitable for a human workforce such as in space.

The market for 3D printing in Construction was $129.95 million in 2017 and is anticipated to see an upsurge during the forecast period. The market is forecast to reach $314 million by 2023 growing at a CAGR of 15.9% during 2017 to 2021. Rising demand for commercial buildings is propelling the growth of 3D printing in constructions in various geographies. In 2017, APAC is the prominent region for 3D printing in construction and is estimated to grow with CAGR of 16.1% during the forecast period. The growth in APAC is attributed to the increasing 3D printing usage as well as residential building needs, especially in China.


What is 3D Printing In Construction?
3D printing is a manufacturing process that can be used to create physical objects based on digital designs. This is done by using an additive process in which an object is created by a physical machine that prints layer after layer of material until the object is completed.

3D printing in construction (c3Dp) is also referred to as contour crafting or building printing and it is expected to be the future of construction in very near future. There are lower labor costs involved, construction can be done quicker and there is less to no waste produced. The wasted raw material from printing such as concrete waste and failed prints occur frequently and can be reused.

The printing of buildings offers a lot of potential advantages as compared to conventional construction methods. The use of 3D printing in Construction reduces risk that human labor face while working at construction sites, it also minimizes their hard-work. The shapes and structures that are desired by the engineers as per the requirement of the construction sites can be printed with high precision, thus it makes the implementation of the construction plans and models simpler.

What are the major applications for 3D Printing In Construction?
In the construction industry, 3D printing can be used to create construction components or to 'print' entire buildings. The 3D printing techniques are being fore seen as a solution for solving the housing crisis across various parts of the world. The printing machines that use conventional energy sources such as wind or solar have been developed for assisting the implementation of technology even in those areas which are deprived of electricity. The structures are environment friendly. These techniques are preferred to be used for the construction of structures on extraterrestrial surfaces such as Lunar, Mars or other planets where environmental conditions are difficult to be worked by to human labor.

Already 3D printing techniques are being used for creating functional models of the projects which demonstrate the actual construction site and also for making specialized tools for use at work-sites. The construction material is sometimes being molded via 3D techniques for various reasons that include the desired characteristics by engineers such as shape, size, strength of material/structure, design, and so on. They are used in order to assist the construction designs by using computerized methods for prefabrication, prototyping as well as building purposes.
3D Printing in Construction Market

Market Research and Market Trends of 3D Printing In Construction Ecosystem
  • Companies are investing in 3D technologies for printing in construction sector due to reasons such as their cost effectiveness, less time in construction, reduced human effort and errors due to human intervention in construction sites are also being continuously minimized with the growing influence of CAD (computer aided design).The construction sector is all set to provide the infrastructure requirement to modern individuals. 
  • By using C-Fab technology non-load-bearing interior partitions, furniture and exhibition structures are created. The owners and inhabitants aim to build home spaces that encourage their physical connection with nature. Mesh Mould, is also a trending technology which showcased the potential of interweaving functional and aesthetic qualities into a structure. These techniques are solving the sustainability issues moreover provide strength to 3D structures.
  • There are designs which are specifically being tested for disaster prone areas. Special robots are being used for 3D printing Cazza’s  X1 3D is a machine which promises best for disaster zones. These facilities will surely assist rehabilitation organizations in the times of emergencies, such structures are being designed which can withstand severe earthquakes, tornados, etc. so that people in vulnerable areas are provided with these facilities.
  • 3D printed construction technologies could also be used by humanity to explore space. NASA launched the 3D Printed Habitat Challenge for examining technologies possible for building homes in space, such as on the Moon or on Mars. Although ambitious, it is too early to tell if 3D printing is a suitable solution for this purpose but possibly it is. However, 3D printing in construction is to become a very real global force. 
  • 3D printing techniques are being used in defence, aerospace, automobile, mechanical, health, and many more sectors with the specified printing material types as required by the application, along with being implied in construction sector. The advanced materials researched in laboratories are being combined with the edging printing technology and advanced computer algorithms has made 3D technology very affordable this indicates how the 3D printing has become a breakthrough technology.


Who are the Major Players in 3D Printing In Construction market?
The players profiled in the report include Zhuoda Group, WinSun, Cazza construction Company, 
Belatchew Arkitekter, Apis Cor

What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2024.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


Key Takeaways from this Report
  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market. 

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Location: United States

Elevator Market - Forecast(2021 - 2026)

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 Elevator Market Overview:

According to 2017 World Population Prospects data by United Nations, approximately 2.1 billion older persons are expected to be alive by the year 2050.  Ageing is an inevitable phenomenon, but having a comfortable lifestyle as a geriatric is in our hands. Countries are facing immense pressure in creating a public system that is emphatic towards the geriatric population. Increasing accessibility in airports, hospitals, residential buildings, supermarkets, and old-age homes has become a top priority for governments worldwide. The older population needs products from the elevator market in order to make their lifestyles more comfortable. Most of the older people suffer from unavoidable illnesses such as cardiovascular diseases or arthritis issues. Elevator market will help increase longevity of the ageing population by helping them in avoiding a painful flight of stairs, thus obtaining high demand from this section of the society.

The estimated global elevator market size in 2018 was between $78 billion to $82 billion. And, the elevator market will thrive in the upcoming forecast period of 2019-2025 with a noticeable CAGR of 4%-5%. 

Elevator Market Outlook:

From a layman’s perspective, an elevator is simply a metallic box that is useful in vertically transporting goods from one floor to another easily, as compared to the painful experience of climbing a flight of stairs. But in its technicality, an elevator utilizes electric motors and hydraulic technology for pulling goods up and down. Connections Elevator, a North American elevators maintenance company, reported around 90,000 operative elevators in the world. This is only slightly reflective of the importance that elevators hold in the lives of people in the 21st century. The time is not far away when we will witness elevator market ruling the construction industry, and earning high market revenue out of it. Elevators are mostly prominently used for residential purposes as buildings in metropolitan cities are employing them without fail for increased accessibility. This application segment is expected to grow with a progressive CAGR of 4.5%-5.2% during the forecast period of 2019-2025. 


Elevator Market Growth Drivers:


  • Rising Construction Industry

By the year 2050, urbanization and expanding world population are expected to put another 2.5 billion people in the cities of our world. This will boost the construction industry, generating demand for the elevator market in our return. Elevators are extensively used in the construction industry for transporting goods, and carrying people from one floor to another. Europe leads the elevator market share geographically with a regional share of 39%-41% during 2018. This should not come as a surprise since construction center contributes 9% to European GDP according to European Builders Confederation. 3 million enterprises in Europe are immensely responsible for the growth of the elevator market. 

Elevator Market Challenges:


The greatest challenge associated with the elevator market is the risk factor present in elevators. A large population minus the millennials still rely on the good old non-electrical methods like using a staircase. Improving safety standards in elevator systems will help in combating this challenge. High initial investment costs is also a pertinent challenge that can be solved only if companies take the risk of investment while maintaining negligible damage or loss simultaneously. 

Elevator Market Key Players Perspective:


German company ThyssenKrupp is tirelessly producing in the elevator market and working on innovative elevator systems like MULTI which removes the need for an elevator cable, and enables both vertical, and horizontal travel technology.

Some other key players in the elevator market are KONE, Schindler , OTIS, Mitsubishi , Fujitec Co Ltd, Toshiba Elevator and Building System Corporation, Hundai, Hitachi Ltd, and Orona Elevators.

Elevator Market Trends:


  • Defining The Height and Scope of Buildings 

Increasing elevator technology will define the market’s growth in the upcoming times. Presence of elevators in the market has left unlimited scope for architects and construction houses to create buildings. Burj Khalifa in Dubai boasts 163 floors, which would not have been possible if not for elevators. These are some reasons why key market players are consistently innovating, and coming with finer types of elevators like the TWIN system which enables fitting two elevators in the same shaft, thus saving up on time, and making the process more efficient.

  • Smart Elevators Is The Future

Elevator market key players have taken the innovation up a notch, and introduced smart elevators in the industry. These elevators are equipped with energy-efficient solutions, and use advanced technologies like biometrics, touch screens, and access control systems. Modern buildings use smart elevator systems for enhanced accessibility provision to their consumer base. Smart elevators will define the market in the upcoming years when we will get to witness its impact on airports, hospitals and similar public places.


Elevator Market Research Scope:


The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Elevator Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of cheese in the Elevator Market, and their specific applications in different areas.


Elevator Market Report: Industry Coverage


The Elevator Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia


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