Technavio, a tech-focused market research firm, has published a new report on the global spraying and plastering machines market, which is expected to grow at a CAGR of close to 7% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global spraying and plastering machines market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Spraying and plastering machines market in APAC: Disposable incomes in APAC improved the purchasing power of the middle-class leading to a change in their spending habits. Furthermore, people are migrating from rural to urban areas in search for better job opportunities leading to rapid urbanization. Such changes have provided more opportunities for the expansion of the construction market owing to the expanding demand for residential and commercial constructions in the region.
According to Anju Ajaykumar, a lead analyst at Technavio, specializing in research on construction, “APAC is expected to observe the highest growth in the global spraying and plastering machines market. The growth can be attributed to the increasing urbanization and rising disposable incomes of the middle-class in the region.”
Spraying and plastering machines market in the Americas: The Americas is expected to witness growth in the demand for spraying and plastering machines during the forecast period. The US being the major contributor, is expected to witness major trends in the construction industry. The first trend is easy home mortgage loans that contributed to the increase in demand for single-family housing, which grew by around 16%, supported by the continuous growth in employment in the country.
Spraying and plastering machines market in EMEA: The construction sector outlook for EMEA looks positive as construction activities are expected to grow by nearly 3% during the forecast period. The region will witness market growth despite the various issues such as political crises, including the increasing migration of refugees, the conflict in Syria, and the Russia-Ukraine border conflict.
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The top vendors operating in the global spraying and plastering machines market are:
- Anex Industrial
- Bunker
- KAPPA BUILDING MACHINES
- Risen Machinery
- RBM Building Machinery
Other prominent vendors in the market include AM3P, Bapro, Boke Makina Kalip imalat Sanayii, CONSMAC Machinery, Edilizia Italiana, Hebei Huasheng Plastic Machinery, Henan Victory Industrial Company, Henan Gelgoog Machinery, Lino Sella World, Nangong City Zhongbang Felt Manufacturing, SMS Insaat Makina, and Wenzhou Engineering Machinery.
A more detailed analysis is available in the Technavio market research report titled, ‘Global spraying and plastering machines Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Vitrified Tiles Market 2017-2021
- Global Construction Machinery Market 2016-2020
- Global Construction Equipment Market 2016-2020
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