Industrial manufacturing and processing across several products witnessing a more sophisticated and organized approach by incorporating material handling equipment. The equipment is used to sort, transport, orient and handle material used during a production or storage process quickly and effectively. Owing to these properties almost every industry is approaching to make material handling equipment as a part of their production line.
The global external fixators market accounted for a value of US$ 724.6 Mn in 2017 and expected to attain US$ 1,653.0 Mn by 2026. Growth drivers of the market are globally surge in the number of road accidents & sports-related injuries, growing elderly population base along with rising incidence of limb deformities, introduction of technologically advanced external fixators, and increasing preference for minimally invasive surgeries (MISs).
Global proximity sensors market was valued at US$ 2,578.9 Mn in 2017 and set to grow at a CAGR of 6.2% throughout the forecast period from 2018 to 2026. With increased market penetration of smart devices such as smartphones, smart cameras among others, consumer electronics segment contributed with highest share in overall proximity sensors market growth.
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.
