Measurement techniques have been of great significance since the start of human civilization. In the 19th century, industrial revolution brought a rapid development in new measurement techniques and instruments to meet the needs of industrialized production techniques. The market for electronic weighing scales likely to witness a substantial growth owing to the constant need for determining exact weight.
The global market for hybrid (2 in 1) laptops stood at US$ 8,882.7 Mn in 2017 and expected to reach US$ 15,375.8 Mn by 2026, growing at a CAGR of 6.4% during the forecast period of from 2018 to 2026. North America dominated the market in 2017 and expected to retain its leading position throughout the forecast period. However, Asia Pacific identified as the fastest growing market during the forecast period.
The global point of purchase displays market expected to expand at a CAGR of 5.9% during the forecast period from 2018 to 2026. The projected growth will be majorly driven by the continual efforts taken by brand owners to aggressively promote and market their newly launched or seasonal products at retail outlets.
Automotive wheel rims market value expected to reach US$ 62.7 Bn by 2026, expanding with a CAGR of 5.1% during the forecast period from 2018 to 2026. Essentially directed by Asia Pacific, automotive wheel rims market majorly driven by rising production of automobiles across the globe.
The global handheld ultrasound scanners held US$ 62.2 Mn in 2017 and expected to grow at compound annual growth rate (CAGR) of 17.0% during the forecast period from 2018 to 2026. Handheld ultrasound scanners also called as hand-operated ultrasound devices are portable devices designed for healthcare practitioner for imaging examination and includes smart devices connected to mobile devices and applications.
Boil-in bags market is projected to reach US$ 592.0 Mn by 2026 with 6.3% CAGR during the forecast period from 2018 to 2026. In 2017, North America held the largest value share in the global boil-in bags market and Asia Pacific is projected to be the fastest growing region between 2018 and 2026.
The global automotive timing belt market is increasing significantly, anticipated to grow at a CAGR of 5.9% during the estimated period from 2025 to 2033, starting from US$ 7.58 Bn in 2020. The global automotive timing belt market is majorly driven by the increasing manufacturers focus on improved fuel economy and engine efficiency across the globe. The increased use of thermally-stable materials for the manufacturing of timing belts coupled with increased aftermarket are some major factors driving the market growth over the forecast period. The growing vehicle-in-operation and increased average miles traveled are some key factors expected to enhance the market growth over the forecast period. As per the U.S. Department of Transportation Federal Highway Administration report published in 2020, the average miles driven were 13,476 miles per year, which is most in history.
The overall automotive tires market worldwide is set to exhibit steady growth rate throughout the forecast period from 2018 to 2026, starting from US$ 155.29 Bn in the year 2017. Tires are among the most important components of automotive vehicles, making it one of the most crucial aspects of the overall automobile components industry.
Demand for lemonade drinks has surged at a subsequent rate owing to the health benefits of lemon and consumer inclination towards better health and well-being. Lemonade being a natural source of vitamin C and other nutritional benefits has secured its place in the diet. Companies manufacturing lemonade drinks have introduced wide range of lemonade products in different variety to cater the growing demand for lemonade drinks.
The global active pharmaceutical ingredient market is growing significantly, valuing at US$ 152.6 Bn in 2017 and expected to reach US$ 273.7 Bn by 2026. Worldwide growing chronic diseases along with rising incidences for respiratory, cardiovascular, and oncology drives the overall market growth during the forecast period. In addition, new technological progresses in biologics & other specialty drugs along with favorable public and private funding in the pharmaceutical sector across various developing countries will further assist in the API market growth.
