Sheet Metal Fabrication Services Market Comprehensive Study Explored In New Research With Key Players

According to a new market report published by Transparency Market Research titled “Sheet Metal Fabrication Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global sheet metal fabrication services market is expected to reach US$ 4.4 Bn by 2026, expanding at a CAGR of 1.7% from 2018 to 2026. North America held the highest market share in the sheet metal fabrication services market in 2017.

The sheet metal fabrication services market is witnessing steady growth due to the increased demand from aerospace and aviation industries. Growth in the commercial airlines and defense aircrafts market will drive the sheet metal fabrication services market in the coming years. Demand for advanced technologies in the defense industry will create a favorable environment for the growth of this market in the near future.

The low-interest rates and low fuel prices were identified as key factors that are responsible for the growth of the automotive market. The outlook for the automotive industry seems promising, with sales growing substantially, without any signs of slowing down. The number of leading automotive and manufacturing industries that employ sheet metal fabrication is growing year on year.

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Rising demand for iron and steel in the automobile industry has led to the growing significance of sheet metal fabricators. Sheet metal fabrication for the automotive industry typically involves superheating metals and quenching it inside the die itself, resulting in a high-strength metal part with various desirable properties. Advanced laser technology can enable the necessary cutting and trimming of these parts, which may be a big contributor to why this method is gaining popularity.

The sheet metal fabrication services industry is growing. The market is witnessing rise in deployment of CNC machine tools as one of the primary tools to undertake several applications such as shaping and molding. Advancements such as motion control software functions, high-speed smooth tool center point, jerk control, and AI contour control have greatly reduced the cycle time, along with cost reduction per part with augmented ergonomics, thereby increasing the demand for sheet metal fabricated products.

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Ship loader & Unloader Market Explores New Growth Opportunities from 2020 to 2027

The worldwide ship loader & unloader market is relied upon to display a solid development through the span of the estimated time frame. The study of worldwide ship loader & unloader has been minutely examined and researched upon by Transparency Market Research (TMR). The market research report displays a far reaching examination of the worldwide radar market alongside a framework of the opposition existing among the center players working in the market. 

The competitive scene segment incorporates a few parts of the key players, for example, advancement and improvements center systems, product portfolio, prime work force, region covered, acquisitions, agreements, mergers, and other monetary and non-budgetary techniques. As the players operating in the global ship loader & unloader market strive to present customers with differentiated products in order to sustain in the market, the competition is likely to increase in the years ahead. The companies operating in the market are FLSmidth, AUMUND Group, ZPMC, SMB Group, Sandvik, VIGAN Engineering S.A, NEUERO, AMECO, EMS-Tech, Buhler, and Xinapse Systems Ltd., among others.

According to TMR, the global ship loader & unloader market is anticipated to witness a meagre CAGR of 3.1% over the course of the forecast period.

Segmental Insights on Global Ship loader & Unloader Market

On the basis of region, the global ship loader & unloader market has been segmented into North America, Latin America, Europe, Japan, Asia Pacific excluding Japan, and the Middle East and Africa. Among these, Europe is expected to emerge as the leading region in terms of demand and consumption of ship loader.

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The region is expected to reach a valuation of over US$17,800 Mn by the end of 2026. The growth of the region can be attributed to the rising sea trade from in countries such as Spain, Italy, Russia, the U.K., France, and Germany. The ongoing construction of ports and the need for port material handling equipment that is used for the loading and unloading of bulk cargo is one of the core factors that is expected to trigger the growth of the ship loader & unloader market in Europe.

Based on product type, the global ship loader & unloader market has been bifurcated into stationary and mobile. By the end of 2026, there is going to be a close competition between these with valuation and growth rate near to the edge of the other one.

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Mattress Industry to register significant gains over 2020-2027

The demand within the global mattress market is rising on account of advancements in the residential sector. The need for mattresses in households and hotel is indispensable, and this creates a plethora of opportunities for market growth. Furthermore, use of mattresses is not only related to enhancing the comfort levels of people, but also have an aesthetic dimension to it. As custom-designed beds make their way into the residential sector, the demand within the mattress market is bound to rise. The use of small mattresses for cushioning of sofas, couches, and other furniture is also a key consideration from the perspective of market growth.

Transparency Market Research (TMR) holds that global mattress market would grow at a sturdy CAGR of 7% over the period between 2019 and 2027. The total value of the global mattress market stood at US$ 37 Bn in 2019, and this figure is expected to reach US$68 by 2027. The demand for mattresses in the residential sector has grown at a robust pace.

Comfort comes Prior for Consumers

The level of comfort offered by a mattress depends on the type of stuffing used to plump it. The manufacturers are using the best suited materials such as cotton and fur to offer high-quality, comfortable, and durable mattresses. The cumulative demand within the global mattress market is projected to reach new heights in the years to follow. Foam and latex mattresses have especially witnessed a surge in demand in recent times. Moreover, the quest of the market players to offer the most fitting products to the consumers has aided market growth.

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The demand within the global mattress market is expected to grow with advancements in several industries including interior planning, designing, and hotel management. The quest of worldwide hospitality chains to offer the highest level of comfort to guests is a key dynamic of market growth. Furthermore, the growing use of social media to write review about stays and experiences at hotels has also put hospitality vendors on their toes.

IKEA Causes Disruption in Global Market

IKEA is a renowned name in the global mattress market, and the company is known for manufacturing comfortable mattresses. The company offers a wide range of king and queen-size mattresses that are designed to ‘serve customer needs.’ The HYLLESTAD spring mattress by IKEA has become a favourite amongst consumers because of the high level of comfort offered by this mattress type. The resilient and comfortable foam of the mattress binds along the contours of the body to offer premium comfort and rest. The growth of IKEA into a mammoth-sized market vendor has aided market growth. Sleepwell has also emerged as a renowned player in the global mattress market, and is rapidly growing into a preferred brand for consumers.

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Hand Dryer Market to register significant gains over 2020-2027

According to a new market report published by Transparency Market Research titled ‘Hand Dryer Market [Product Type: Warm Air Dryers (WAD) and Jet Air Dryers (JAD); End-user: Hotels, Food Processing and Food Service, Office Buildings, Healthcare, and Others] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027, the global hand dryer market is expected to reach US$ 902.8 Mn by 2027, expanding at a CAGR of 7.1% from 2019 to 2027. In terms of volume, the global hand dryer market is expected to reach 9,026.3 ‘000 units by 2027, expanding at a CAGR of 6.6% during the forecast period. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

North America is the second-largest hand dryer market, both in terms of value and volume. Demand for hand dryers from end-user such as educational institutions, hotels, food service restaurants, QSR (Quick Service Restaurants), and transportation facilities is increasing across North America. The U.S. is a prominent hand dryer market in North America, followed by Canada. As per the annual survey, ‘Healthy Hand Washing Survey’, conducted by global hand dryer market player, Bradley Corporation, consumers in the U.S. are ready to spend more money at a business that has clean, well-maintained restrooms.

Using hand dryers against paper towels keeps restroom cleaner. All these factors are fueling the demand for hand dryers in the U.S. and other regions across the globe. Being a developed country, hygiene and sanitation are an important part of the U.S. culture. Hand dryers help reduce the overall operation cost of keeping the restroom clean in the long run. Thus, demand for hand dryers is increasing in the U.S. and other countries in North America.

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Europe is the third-largest market for hand dryers, both in terms of value and volume. Similar to the market in North America, penetration of hand dryers is rising in Europe. Germany, the U.K., and France are prominent hand dryer markets in the region. As per PRODCOM data 2017, the unit sale of hand dryers in Europe (EU 28) was 978,300 units. Among them, the number of hand dryers manufactured in Europe and sold in Europe were 247,009 units. The U.K. is a prominent manufacturer of hand dryer in Europe, and it accounts for approximately 44.0% share of the production of hand dryers in the region.

Asia Pacific is the largest hand dryer market, both in terms of value and volume. China is a prominent market for hand dryer in Asia Pacific, followed by Japan and India. Expansion of the economy in China is boosting the demand for hand dryers across hotels, educational institutions, hospitals, and food service restaurants in the country.

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Candle Market Trends, Opportunities and Forecast to 2026

Transparency Market Research has published a new market research report titled ‘Candle Market (Type:Tea Lights, Votive, Pillars, Birthday Candles, Cartridge Candles, Wax Filled Container Candles, and Others; Raw Material: Beeswax, Stearin, Paraffin Wax, Rapeseed Wax, Palm Wax, Soy Wax, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018– 2026.’ According to the report, the global candle market is anticipated to reach US$ 13,619.3 Mn by 2026. The market is expected to expand at a CAGR of 6.0% from 2018 to 2026.

Based on type, the candle market has been classified into tea lights, votive, pillars, birthday candles, cartridge candles, wax filled container candles, and others. Tea lights, votive, and wax filled container candles are expected to expand at a faster rate in the near future. Increase in usage of candles at special occasions, events, festivals etc. is anticipated to boost demand for candles. In addition, rise in popularity of scented candles and decorative candles and new areas of application for candles are key factors expected to fuel the growth of the candle market during the forecast period.

In terms of raw material, the candle market has been divided into beeswax, stearin, paraffin wax, rapeseed wax, palm wax, soy wax, and others. Paraffin wax is the most common raw material used in the production of candles. It is a by-product of petroleum and very economical in nature. Apart from paraffin wax, stearin is also frequently used by candle manufacturers across the world. In developed economies, there is a rise in demand for beeswax as it is organic in nature and improves air quality.

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Earlier, candles were a functional product and only to be used as a source of light. These days, candles are not just a functional product, but a decorative product. Appearance and fragrance are the two important factors which consumers demand. Different shapes are introduced to cater to the customized demands of clients.Scent infused candles are mostly preferred due to their added characteristic to lighten the mood. Aromatherapy treatment also employs scented candles which help to release stress. The market for aromatherapy has grown rapidly, which has increased the consumption of aromatic candles.Aromatic candles aid in managing mental and physical stress and tension.

Based on geography, the candle market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe is a dominant region of the candle market. The market in the region is projected to expand at a gradual CAGR of 6.0% in terms of value. The market in North America is expected to expand at a considerable CAGR of 5.9%, due to increase in consumption of eco-friendly candles in the region.

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Smoke Detector Market - Key Opportunity, Application and Forecast to 2026

The global smoke detector market is expected to experience moderate growth in coming years due to the presence of multiple players in the market, according to the Transparency Market Research (TMR). The smoke detector market consists of system integrators and product manufactures.

The players in the market are utilizing technological developments to provide better and advanced smoke detector systems for the users. These players are also getting into strategic alliances and collaborations to increase their dominance in the global smoke detector market. Some of the key players in the smoke detector market include Hochiki Corporation, United Technologies Corporation, NEC Corporation, Tyco, Siemens AG, Johnson Control, Robert Bosch, Nest labs, Schneider Electric, Johnson Control, and Honeywell International.

According to the TMR analysis, the global smoke detector market is expected to reach a valuation of US$ 2.1 bn during the forecast period 2017 to 2026. The market is projected to expand at a CAGR of 6.0% during this forecast period. As per the report, the demand is likely to remain higher in the residential segment during the forecast tenure than the industrial segment.

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Increasing concerns to ensure better safety and security from fire in homes has led this segment to lead the market. Geographically, Europe is leading the global smoke detector market, and is anticipated to reach a valuation of US$ 0.7 bn during the forecast period. Emerging economies in Asia Pacific Excluding Japan (APEJ) is also termed as a lucrative market for smoke detector systems.

Increasing Incidences of Accidental Fire to Boost Demand

The smoke detector market is growing due to increasing incidences of people getting injured because of accidental fire. Commercial buildings and residential setups are more susceptible to be damaged by fire. Thus, to prevent such incidents from happening, smoke detectors systems are being used at an increasing rate. During an emergency, these smoke detectors detect the smoke and ring alarms throughout the premises. The alarms signal people to evacuate the building. Smoke detectors also notify people in the surrounding areas and help in avoiding further damage. Furthermore, the compact structure of newly constructed buildings with multiple stories has created a dire need for installation of smoke detectors. Therefore, the presence of smoke detectors and rescue areas in any commercial or residential setup has now become a necessity.

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Portable Appliance Testers (PAT) Market - Regional Outlook, Competitive Strategies and Forecasts to 2027

• Portable appliance testers (PAT) are electrical safety testing equipment or devices mainly used to examine the status of electrical appliances and equipment to make sure that they are safe to use. They check safety parameters such as earth continuity/insulation resistance of electrical equipment. These parameters are embedded by the product manufacturer.
• Portable appliance testers examine any appliance or machine in which a plug is fitted. Portable appliance testers are also popularly known as business in a box.
• Portable appliance testers are specially designed to perform numerous compulsory electrical tests easily, quickly, and reliably. These testers decrease the probability of buying or using products that are dangerous.
• The global portable appliance testers (PAT) market is anticipated to expand at a rapid pace during the forecast period owing to the increase in demand for these testing devices in numerous industries such as semiconductor and electronics, and telecommunication.

Global Portable Appliance Testers (PAT) Market: Key Drivers and Restraints

• Portable appliance testers are mainly adopted by electronics manufacturing companies and professional services providers across the globe. These devices are easy-to-use and easily placed at different locations.

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• Increasing usage of electronic devices with rapid advancement of technology and the need to ensure their proper functioning is projected to fuel the portable appliance testers market globally.
• Currently, testing of an electrical device is a crucial need before it is dispatched from the manufacturing center; this in turn is projected to fuel the growth of the portable appliance testers market globally.
• Portable appliance testers save time and money by determining if a piece of equipment is faulty. Moreover, rapid growth of the semiconductor and electronics industry is expected to spur the demand for portable appliance testers.

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