Busbar Market - 2026: Industry Outlook and Growth Strategies

Need for efficient conductor and lower energy loss during transmission and adoption of green & smart city concepts have boosted the growth of the global busbar market. However, availability of cheap and low-quality products and volatile raw material pricing hamper the market. On the contrary, emerging switchgear and energy & power market is expected to create lucrative opportunities in the near future.

The global busbar industry was pegged at $14.0 billion in 2018, and is projected to garner $23.6 billion in 2026, registering a CAGR of 6.1% from 2019 to 2026.

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Aluminum segment to manifest the fastest CAGR through 2026

By material type, the aluminum segment is expected to register the fastest CAGR of 6.7% during the forecast period, owing to high conductivity and efficiency. However, the copper segment held the largest share in 2018, contributing more than half of the global busbar market, owing to high price of raw materials. The report includes analysis of the brass segment.

Industrial segment dominated the market

By application, the industrial segment held the lion's share in 2018, accounting for more than two-fifths of the global busbar market. However, the commercial segment is anticipated to register the fastest CAGR of 6.8% during the forecast period, owing to smart & green city concepts. The report includes an analysis of the residential segment.

North America region to portray the fastest CAGR by 2026

The global busbar market across North America is estimated to register the fastest CAGR of 6.8% during the forecast period, owing to the presence of major corporations in the region. However, the market across Asia-Pacific held the largest share in 2018, accounting for more than half of the market, owing to increasing investments in the emerging economies in the busbar industry. The report includes analysis of the market across Europe and LAMEA.

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Industry Money Makers

·         Siemens AG

·         Schneider Electric SE

·         ABB Ltd.

·         Rogers Corporation

·         Eaton Corporation Plc.

·         Legrand S.A.

·         TE Connectivity Ltd.

·         Mersen S.A.

·         Friedhelm Loh Group

·         Chint Group

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Surge in investment in the infrastructure industry boosting telehandlers market

Rise in adoption of new technologies in the agriculture sector, surge in investment in the infrastructure industry, and use of telehandlers for solid waste management propel the growth of the global telehandlers market.

The global telehandlers industry was estimated at $5.43 billion in 2018, and is expected to hit $7.82 billion by 2026, registering a CAGR of 4.5% from 2019 to 2026.

Drivers, restraints, and opportunities-

Growing adoption of new technologies in the agriculture sector, increased investment in the infrastructure industry, and use of telehandlers for solid waste management as well as in recycling plants fuel the growth of the global telehandlers market. On the other hand, increase in adoption of forklift and surge in prices of raw materials impede the growth to some extent. Nevertheless, rise in incorporation of green logistics solution is expected to create a number of opportunities for the key players in the industry.

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The construction segment to lead the trail by 2026-

Based on end-user, the construction segment accounted for nearly two-fifths of the global telehandlers market share in 2018 and is expected to dominate throughout the forecast period. Utilization of telehandlers for construction activities has reduced significant number of accidents with improving safety performance which fuels the demand for the machines. The agriculture segment, on the other hand, would grow at the fastest CAGR of 5.7% by the end of 2026. Factors such as ease of operation, durability of the equipment, and lightweight nature are predicted to boost the adoption of telehandlers in the agriculture industry.

The Less than 50 ft segment to maintain the lion's share till 2026-

Based on lifting height, the less than 50 ft segment garnered the major share in 2018, holding nearly two-thirds of the global telehandlers market. Rapid urbanization in emerging economies such as India, China, and Africa fuels the demand for small telehandlers. At the same time, the 50 ft and more segment would cite the fastest CAGR of 4.9% during the period, 2019–2026. The expansion of agriculture and construction sector especially in the Asia-Pacific region has driven the growth of the segment.

Asia Pacific, followed by Europe and North America, to dominate in terms of revenue-

Based on geography, the Asia-Pacific region, followed by Europe and North America, contributed to one-third of the global telehandlers market revenue in 2018 and is projected to rule the roost throughout the estimated period. At the same time, this region is anticipated to register the fastest CAGR of 5.5% by 2026.  Significant number of ongoing infrastructure and development projects in China and India has heightened the use of telehandlers in the region.

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Frontrunners in the industry-

·         Doosan Infracore Co. Ltd.

·         Oshkosh Corporation

·         Linamar Corporation

·         CNH Industrial

·         Liebherr Group

·         Wacker Neuson SE

·         J.C. Bamford Excavators Ltd.

·         Terex Corporation

·         Manitou Group

·        Caterpillar

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Level Sensor Market Gain an Upward Trend in Coming Future..!!

Increase in adoption of industrial automation, technological advancements in level sensors, and rise in usage in energy and power sectors drive the growth of the global level sensor market. However, lack of precision and accuracy of level sensors and rise in inclination toward electric vehicles hinder the market growth. On the other hand, surge in adoption in the residential sector would create new opportunities in the market.

According to the report, the global level sensor industry generated $4.44 billion in 2018, and is expected to reach $7.36 billion by 2026, growing at a CAGR of 6.5% from 2019 to 2026.

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Contact segment to contribute its highest share during the forecast period

Based on type, the contact segment held nearly two-thirds of the total share of the global level sensor market in 2018, and is estimated to contribute its highest share during the forecast period. This is due to precision offered for level measurement and reliability for conventional level sensors. However, the non-contact segment is expected to register the highest growth rate of 8.2% from 2019 to 2026, owing to technological advancements and rapid adoption in industries for deploying in harsh environments.

Point level monitoring segment to maintain its dominance by 2026

Based on application, the point level monitoring segment held the highest market share in the global level sensor market, contributing for nearly three-fifths of the market share in 2018, and is expected to maintain its dominance throughout the forecast period. Moreover, this segment is expected to register the fastest CAGR of 8.0% from 2019 to 2026. This is due to cost effectiveness and multipurpose applications in commercial, industrial, and residential sector. The report also offers a detailed analysis of the continuous level monitoring segment.

Asia-Pacific to contribute its lion's share by 2026, North America to follow

Based on region, Asia-Pacific contributed for the highest market share, accounting for nearly half of the global level sensor market in 2018, and is expected to contribute its lion's share during the forecast period. Moreover, this segment is expected to contribute the highest CAGR of 7.6% from 2019 to 2026. This is attributed to technological advancements and increase in adoption of advanced technologies such as IoT and AI in the region. North America held the second position in terms of revenue in 2018 and continue its position by 2026.   

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Leading market players:

• ·         ABB Ltd.
• ·         AMETEK Inc.
• ·         Emerson Electric Co.
• ·         Endress+Hauser Management AG
• ·         Honeywell International Inc.
• ·         Siemens AG
• ·         Taiwan Semiconductor Manufacturing Company Limited
• ·         TE Connectivity
• ·         Texas Instruments
• ·         Vega Grieshaber Kg

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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Health Insurance Industry: Generating Highest Revenue at Remarkable Growth Rate

Increase in healthcare expenses, mandatory provision of healthcare insurance for public and private sectors, and rise in prevalence of chronic diseases have boosted the growth of the global health insurance market. However, stringent regulation and longer time for claim reimbursement and dearth of awareness of healthcare insurance in rural region hamper the market. On the contrary, innovation in healthcare insurance products is expected to create lucrative opportunities in the near future.

According to the report, the global health insurance industry was pegged at $3.15 billion in 2018 and is projected to reach $4475 billion by 2026, registering a CAGR of 4.4% during the forecast period.

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Public service providers segment dominated the market
The public service providers segment held the largest share in 2018, accounting for more than half of the global health insurance market, as these providers incur lower administrative costs as compared to private health insurance. However, the private service providers segment is projected to register the fastest CAGR of 4.5% during the forecast period, as private providers offer prompt referral to a consultant, advanced treatment option, and quick & flexible treatment time in private hospitals to subscribers.

Medical insurance segment held largest share
The medical insurance segment dominated the market in 2018, contributing more than two-fifths of the global health insurance market, owing to high costs incurred for expensive surgeries and increase in a number of road accidents. However, the income protection segment is estimated to manifest the fastest CAGR of 4.9% during the study period, owing to mandatory provision of income protection insurance implemented in developed countries.

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North America held lion's share
The market across North America held the largest share in 2018, contributing nearly one-third of the market, owing to high adoption of private insurance among the population, increase in population suffering chronic illness, and availability of high disposable income. However, the global health insurance market across Asia-Pacific is expected to portray the fastest CAGR of 4.9% through 2026, due to increase in awareness regarding benefits of using healthcare insurance.

Frontrunners of the market

• ·         Berkshire Hathaway Inc.
• ·         Prudential plc
• ·         Nippon Life Insurance Company
• ·         Dai-ichi Life Holdings, Inc.
• ·         Kaiser Foundation Group of Health Plans
• ·         Berkshire Hathaway Inc.
• ·         New York Life Insurance Company
• ·         Life Insurance Corporation of India

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Defense Tactical Radio Market: North America is the highest revenue contributor

In military and defense sector, tactical radio communication is majorly used to convey command over the battlefield from person to person. In 2016, handheld segment dominated the defense tactical radio market, in terms of revenue, due to increase in demand for wireless communication devices.

Based on region, North America was the highest revenue contributor to the market in 2016, accounting for around 39.71% share, due to rise in adoption of electronic-based system/components across the defense sectors.

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The report features a competitive scenario of the defense tactical radio market and provides a comprehensive analysis of the key growth strategies adopted by the major players. The key players in the global market are BAE Systems, Inc., Barrett Communications Pty. Ltd, Cobham plc, Codan Limited, General Dynamics Corporation, Harris Corporation, Leonardo S.p.A, Raytheon Company, Rockwell Collins, Inc., and Thales S.A.

Top Impacting Factors:

Increase in the Significance of Effective Communication Operation

Many public safety communication networks are migrating to broadband solutions, which implement IP WAN for first-responder radio networks, video surveillance, and LTE. This in turn improves the demand for greater efficiency and modernization of public safety communication networks.

Shortage of Spectrum and Limited Channel Capacities

Shortage of spectrum to be distributed among users limits the growth of this market. Operators find it difficult to get approval from regulatory bodies, which restricts communication.

These players have adopted various competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.

Defense Tactical Radio Market Key Segments:

By Type

• Handheld
• Vehicle-mounted

By Application

• Special Operation Force (SOF)
• Army
• Navy
• Airforce

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About UsAllied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Packaging Machinery - Industry Share, Growth and Regional Forecast

Development of innovative and energy efficient packaging machinery, increasing usage of automation in the packaging industry, rise in global consumption of consumer goods, and increasing usage of vacuum packaging machines drive the packaging machinery market growth. The filling machines segment would dominate the market through 2023. The cleaning & sterilizing machines segment would grow at the fastest CAGR during the study period. The Asia-Pacific market would be lucrative during the forecast period.

According to the report, the global packaging machinery market is expected to reach $62.06 billion by 2023, registering a CAGR of 6.7% from 2017 to 2023.

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The report provides an in-depth analysis of the global packaging machinery market, covering aspects such as current market size & estimations, market segmentation, changing dynamics, competitive landscape, and market forecast. The information in the report is a result of an extensive primary and secondary research.

The global packaging machinery market is segmented into machine type, end user, and geography. Based on machine type, it is divided into filling machines, FFS (Form, Fill and Seal) machines, cartoning machines, palletizing machines, labelling machines, wrapping machines, and cleaning & sterilizing machines. The filling machines segment garnered the largest market share in 2017 and is expected to dominate the market through 2023. However, the cleaning & sterilizing machines segment would grow at the fastest CAGR of 8.4% during the study period. Based on end user, the market is divided into food & beverage, pharmaceuticals, chemicals, cosmetics, and others. Geographically, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA. The market in Asia-Pacific would dominate the market as well as witness the fastest growth of 3.8% during the forecast period.

The drivers, restraints, and opportunities are broadly analyzed in the global packaging machinery market report. Development of innovative and energy efficient packaging machinery, increasing usage of automation in the packaging industry, rise in global consumption of consumer goods, and increasing usage of vacuum packaging machines drive the market growth. However, Eurozone economic uncertainty and stringent government regulations restrain the growth of the market. Conversely, growth in e-commerce and retail industry and increasing usage of robots to increase efficiency in packaging are likely to provide opportunities for the market growth.

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The report also includes an analysis of the leading players operating in the global packaging machinery market. They include Adelphi Packaging Machinery, Aetna Group, B&H Labelling Systems, Barry-Wehmiller Companies, Inc., Bosch Packaging Machinery, Bradman Lake Group, CKD Group, Coesia SpA, Fuji Machinery Company, and Harland Machine Systems Ltd.

Why Smart Speaker Industry Gaining Utmost Traction During Forecast?

The proliferation of smart home devices, rising disposable income, and greater inclination toward technological products among millennials have boosted the growth of the global smart speaker market. However, privacy & security concern and localization of languages hamper the market growth. On the contrary, the establishment of natural language processing (NLP) is expected to create lucrative opportunities in the near future.

According to the report, the global smart speaker market was pegged at $4.36 billion in 2017 and is estimated to $23.32 billion by 2025, registering a CAGR of 23.4% from 2018 to 2025.

The global smart speaker market is divided on the basis of an intelligent virtual assistant, end user, distribution channel, price, and region. Based on an intelligent virtual assistant, the market is segmented in Amazon Alexa, Google Assistant, Siri, Cortana, and others. The Amazon Alexa segment dominated the market in 2017, accounting for nearly three-fifths of the total market. However, the Siri segment is estimated to manifest the fastest CAGR of 27.9% during the forecast period.

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On the basis of the end user, the market is bifurcated into personal and commercial. The personal segment held the largest share in 2017, contributing more than four-fifths of the total market. However, the commercial segment is estimated to portray the fastest CAGR of 24.7% through 2025.

Based on the distribution channel, the market is categorized into online and offline. The online segment held the largest share in 2017, garnering more than four-fifths of the market and is expected to register the fastest CAGR of 23.6% from 2018 to 2025.

On the basis of price, the market is divided into low, mid, and premium. The low segment held the lion’s share in 2017. However, the premium segment is estimated to register the fastest CAGR of 24.6% during the forecast period.

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The market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the North America region held the largest share, contributing more than one-third of the market. However, the market across the Asia-Pacific region is estimated to register the fastest CAGR of 24.9% during the study period.

The global smart speaker market report provides analysis of the major market players such as Apple, Inc., Amazon.com, Inc., Alphabet Inc. (Google Inc.), Alibaba Group, Bose Corporation, Sonos, Inc., Samsung Electronics Co. Ltd., Xiaomi, Baidu Inc., and Plantronics, Inc. (Altec Lansing/AL Infinity, LLC).

Precast Construction Market: North America Constitutes the Largest Market Share

The growth of the global precast construction market is driven by rapid urbanization and industrialization in emerging economies, increased efficiency of precast construction, and rise in demand for the development of low-cost residential units. However, low confidence in precast construction in earthquake-prone regions and lack of skilled labor in developing countries restrict market growth. Nonetheless, increasing investment in infrastructure is expected to provide lucrative opportunities for emerging market players in the near future.

According to a report published by Allied Market Research, the global precast construction market accounted for $137.40 billion in 2017 and is expected to attain $185.23 billion by 2022, growing at a CAGR of 6.3% during the forecast period, 2016-2022.

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By product type, the paving slabs segment is projected to grow at the highest CAGR of 7.2% during the forecast period, on account of enhancing safety during construction and its large potential to produce higher quality pavements. However, the columns & beams segment generated half of the overall revenue in 2017 and is expected to maintain this dominance through 2022.

By end user, the non-residential segment occupied three-fourths of the total market in 2017. This segment is also poised to register the highest CAGR of 6.6% through 2022, owing to high demand for low-cost housing due to increasing urban population in both developed and developing countries.

By construction type, the modular construction segment generated about four-fifths of the overall revenue in 2017 and is expected to grow at the highest CAGR of 6.8% from 2016 to 2022. Asia-Pacific accounted for the largest share in 2017, contributing nearly half of the market, owing to an increase in demand for residential construction in the region.

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The key players analyzed in the report include ACS Group, Bouygues Construction, Julius Berger Nigeria Plc, Komatsu Ltd., Laing O’Rourke, Larsen & Toubro Limited, Taisei Corporation, Balfour Beatty plc, Kiewit Corporation, and Red Sea Housing Services. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Why Terrazzo Flooring Market Booming in coming forecast years? Explore More

Upsurge in residential and non-residential construction activities, rise in inclination toward sustainable flooring, and enhanced durability and improved aesthetics of terrazzo would boost the growth of the global terrazzo flooring market.  

According to the report, the global terrazzo flooring industry garnered $21.69 billion in 2017 and is expected to reach $31.95 billion by 2025, registering a CAGR of 4.9% from 2018 to 2025.

Rapid proliferation of residential and non-residential construction activities, increase in focus on sustainable flooring among consumers, and advantages of using these floorings such as durability and high-end aesthetics drive the growth of the market. However, high initial costs and threat from substitutes like wood, marble, and others would hamper the market growth. On the other hand, ability to customize and produce a variety of designs would create new pathways for the market players in future.

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Epoxy terrazzo segment to be lucrative by 2025 

Epoxy terrazzo segment accounted for more than three-fourths of the total market share in 2017 and would maintain its lion's share during the forecast period, registering the highest CAGR of 5.1% from 2018 to 2025. This is attributed to its characteristics such as ease of installation, low maintenance, availability in varied colors, and growing utility in kitchens, bathrooms, and others. The report also analyzes cement-based terrazzo floorings.    

Educational institution segment to dominate throughout the forecast period 

Educational institution segment contributed more than one-third of the total market share in 2017, owing to significant rise in the number of educational institutes, auditoriums, universities, and schools in the U.S. as well as other developed countries. This segment will remain dominant throughout the forecast period. However, the transport infrastructure segment would grow at the highest CAGR of 6.8% from 2018 to 2025, owing to the increasing need to install these floorings at railway stations, airports, and other public places. The report discusses several applications such as commercial, government buildings, and others.

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Asia-Pacific to register the highest growth rate by 2025 

Substantial rise in demand for residential and commercial spaces have enabled the Asia-Pacific region to grow at the highest CAGR of 6.6% from 2018 to 2025. However, North America contributed more than one-third of the total market share in 2017, owing to the high demand for versatile surface material used in terrazzo flooring for enhanced visual effects and subtle texture, and would maintain this trend during the forecast period.

Frontrunners of the industry  

The key market players analyzed in the research include 4m Group, Diespeker & Co., Concord Terrazzo Company, Inc., KREZ Group, Kingspan Group, RBC Industries, Inc., Quiligotti Terrazzo Tiles Limited, Terrazzo Masters, RPM International Inc., and Venice Art Terrazzo Co., Inc. These players have adopted various strategies such as expansions, new product launches, mergers & acquisitions, joint ventures, collaborations, and others to strengthen their position in the industry.

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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