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Asia-Pacific to play a key role in the market for fiber cement

The report “Fiber Cement Market by Material (Portland cement, Sand, Fiber, And Other Materials Including Paints and Additives), Application (Siding, Roofing, Molding & Trim, and Other Applications), End-Use (Residential and Non-Residential) – Forecast to 2021″, The market for fiber cement is projected to grow from USD 13.75 Billion in 2016 to USD 17.38 Billion by 2021, at an estimated CAGR of 4.80%. This growth is due to growing construction activities, globally. Stringent regulations against the use of asbestos cement also provides an opportunity to the market to grow further, especially in the emerging Asia-Pacific and Latin American regions. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=186027265

On the basis of key regions, the market for fiber cement is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region is the most attractive market for fiber cement. Rising economy and rapid growth in the infrastructure sector in this region have significantly impacted the growth of fiber cement. This region is projected to see the highest number of new constructions and infrastructural activities in the near future. Favorable and lenient lending policies initiated by governments across all regions are one of the major factors driving this sector. Durability and aesthetics of fiber cement for applications such as siding and roofing have made them a popular choice in the residential construction market. Etex Group NV (Belgium) held the leading position in the global fiber cement market. The company has maintained its leadership position through its strong distribution network across Europe, Americas, and emerging markets. The company is among the leading manufacturers of products for many of the markets it serves. Etex Group NV expanded its fiber cement business in Indonesia by inaugurating a new factory in Karawang. The company strengthened its position in the emerging Asia-Pacific region with this expansion, which costed the company more than USD 70 Million. The global market for fiber cement is dominated by large players such as Etex Group NV (Belgium), James Hardie Industries PLC (Ireland), Evonik Industries AG (Germany), Compagnie de Saint Gobain SA (France), and Toray Industries Inc (Japan). Other players in this market include CSR Limited (Australia), The Siam Cement Public Company Limited (Thailand), Nichiha Fiber Cement (Japan), Plycem USA, Inc. (U.S.), and Cembrit Holding A/S (Denmark). Read More: https://www.marketsandmarkets.com/PressReleases/fiber-cement.asp

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In-depth Analysis of the COVID-19 Impact on Rainscreen Cladding Market

The rainscreen cladding market is projected to grow from USD 10.1 billion in 2019 to USD 14.3 billion by 2024, at a CAGR of 7.1% from 2019 to 2024. Rainscreen cladding market is expected to grow in accordance with the growth of the construction industry across the globe. Factors such as increase in the residential and non-residential construction and innovation as well as remodeling activities, along with the demand for durability of rainscreen cladding with the ability to withstand various weathering actions and resist chemical attacks & deterioration are expected to support market growth during the forecast period.

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The new construction segment held the largest market share among all the construction of rainscreen cladding as it is affordable and is installed in regions having extreme weather conditions. It is a traditional glue-down cladding material which inherits several properties such as durability, flexibility, ease installation, and budget-friendly. The demand for the new construction segment is driving due to its properties, making it a preferred constructional type of rainscreen cladding for the residential as well as commercial application. The renovation segment is considered suitable for almost all applications such as builder, multi-family, residential, and commercial.

This research Study categorizes the market based

On the basis of material

Composite Materials

Metal

Fiber Cement

HPL

Others

On the basis of region

North America

Europe

Asia Pacific

Middle East & Africa

South America

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In terms of value, the Europe region is projected to lead the rainscreen cladding market from 2019 to 2024 due to the strong demand from countries such as UK, Germany, France, Russia, and Italy. This demand in these mentioned countries is due to the tremendous growth of the construction opportunities in these countries. The market is also driven by the increasing number of new housing units and huge investments in the infrastructural sector.

Key players such as Kingspan Insulation (UK), SIKA (Switzerland), Rockwool International A/S (Denmark), Everest Industries Limited (Denmark), SFS Group AG (US), Sotech Architectural Façade (UK), Promat UK Ltd (UK) and Interface (US) adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the rainscreen cladding market.

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Pipeline Monitoring System Market- Competitive Landscape Analysis And Forecast To 2024

Pipeline monitoring is a single system that detects smaller leaks or damages in pipelines securely and more reliably, while, simultaneously, monitoring them for third-party interferences and other external threats to prevent leaks. MarketsandMarkets projects that pipeline monitoring system market size will grow from USD 4.6 billion in 2019 to USD 6.5 billion by 2024, at a compound annual growth rate (CAGR) of 7.1% from 2019 to 2024. The increase in demand for pipeline monitoring systems for crude & refined oil is driving the growth of the pipeline monitoring system market. Key players in the pipeline monitoring system market are Siemens AG (Germany), Honeywell International Inc. (U.S.), BAE Systems (U.K), Perma Pipes (U.S), Transcanada (Canada), PSI AG (Germany), Pure Technology (Canada), Orbcomm Inc. (U.S.) and Huawei (China). Other players include Atmos International (U.K.), Clampon AS (Norway), ABB Group (Switzerland), Future Fiber Technologies (Australia), Senstar Inc. (Canada), Syrinix (UK), Radiobarrier (Russia), TTK (France), Krohne Group (Germany.), and Thales Group (France). These players have adopted various strategies to expand their global presence and increased their market share. To know about the assumptions considered for the study download the pdf brochure The pipeline monitoring system market has witnessed several strategies, such as expansions & investments, agreements, and contracts & partnerships, in 2018, by key players, who have used them to expand their product & service portfolio and improve their distribution networks. New product developments, merger & acquisitions, were the second-most adopted key strategies that were followed by market players to expand their product portfolios and for geographical reach to untapped markets. Siemens AG (Germany) provides integrated pipeline monitoring systems that are based on access control, intrusion detection, and video surveillance systems, which help to monitor pipeline systems from remote locations. All systems are controlled by one or more central control rooms, which provide end-to-end pipeline monitoring solutions. In December 2017, Pipeline 4.0 was launched by Siemens to meet the evolving needs of North American midstream operators in the oil & gas industry. Through this launch, the company would provide an integrated approach to the supply of material, pipeline life cycle optimization, and engineering of pipeline assets. Honeywell International Inc. (U.S.) is engaged in the supply and manufacturing of products and services in different sectors, such as industrial process control, transportation, oil & gas, refining, petrochemicals, and biofuels, which include pipeline monitoring systems. In 2018, the company made technology-oriented acquisitions with Ortloff Engineers, Ltd. (Texas), which would develop highly proprietary technology to enable maximum separation of gas and gas liquids.

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The Asia Pacific pre-engineered buildings market is projected to register the highest CAGR

Asia Pacific accounted for the largest share in 2018 and is also projected to record the highest growth rate during the forecast period. The growth in the Asia Pacific region can be attributed to the increasing demand for pre-engineered buildings from the growing non-residential construction and infrastructural development in the region. The major demand for pre-engineered buildings in the region is contributed by India and China, owing to the growing population, economic growth, government investments, and demand for low-cost green buildings. Furthermore, foreign investors are setting up their factories and distribution centers in the developing countries of Asia Pacific owing to cheap labor, trade liberalization, and favorable government policies, further boosting the pre-engineered buildings market growth. This acts as an opportunity for the pre-engineered buildings manufacturers and suppliers.

The pre-engineered buildings market is projected to reach USD 25.0 billion by 2024, at a CAGR of 11.5% from 2019. Factors such as rapid industrialization, growth in the infrastructural investments, an increase in the use of steel in building & construction, and rising demand for sustainable buildings drive the pre-engineered buildings market.

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The warehouses & industrial segment is projected to grow at the highest CAGR during the forecast period. This is attributed to the development of factories, production plants, R&D centers, and warehouses, because of the growing manufacturing sector and industrial expansion in developed and developing regions. Further, the growth of the retail and e-commerce industry generates the demand for warehouses, supermarkets, and distribution centers, thereby supporting the pre-engineered buildings market growth.

The demand for single-story pre-engineered buildings is driven by their wide range of applications in the industrial sector (factories, workshops, warehouses, cold storages, steel mills, and assembly plants), the commercial sector (showrooms, supermarkets, offices, shopping centers, exhibition halls, restaurants, logistic centers, and multi-purpose buildings), public buildings (schools, hospitals, conference halls, laboratories, museums, and stadiums), and others (farms, utility centers, pump stations, aircraft hangers, and airport terminals).

The key players operating in the pre-engineered buildings market include BlueScope Steel (Australia), NCI Building Systems (US), Nucor Corporation (US), Kirby Building Systems (Kuwait), Zamil Steel Holding Company (Saudi Arabia), ATCO (Canada), Lindab Group (Sweden), PEBS Pennar (India), PEB Steel Buildings (Vietnam), and Everest Industries (India). These players have adopted various growth strategies to expand their global presence and increase their market share.

Read More: https://www.marketsandmarkets.com/PressReleases/pre-engineered-building.asp

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Kingspan Insulation Ltd (UK) and Sika AG (Sika) (Switzerland) are the Key Players in the Rainscreen Cladding Market

The rainscreen cladding market is projected to grow from USD 10.1 billion in 2019 to USD 14.3 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast year. Demand for rainscreen cladding market can be attributed to the high growth primarily because of the increasing infrastructure and construction activities worldwide. Rainscreen cladding does not protect a building; it also enhances its appearance. The rebound in commercial construction is expected to increase the demand for external rainscreen cladding. Also, the increasing consumer awareness about efficient use of energy in houses and commercial buildings by reducing the amount of resources required for ventilation, heating, and air conditioning may drive rainscreen cladding market growth. However, the risk of water intrusion in the joints of buildings in extreme weather conditions and in areas where rainfall is high may a pose challenge to the industry growth.

To know about the assumptions considered for the study download the pdf brochure

The rainscreen cladding market has been dominated by large players such Kingspan Insulation (UK), SIKA (Switzerland), Rockwool International A/S (Denmark), Everest Industries Limited (Denmark), SFS Group AG (US). These players have adopted various growth strategies such as expansions, investments, new product developments, acquisitions, partnerships, agreements, and joint ventures to increase their market shares and enhance their product portfolios.

The strategies of expansion and acquisitions accounted for the largest share of all the strategic developments that took place in the rainscreen cladding market between January 2017 and March 2019. Key players such as Kingspan Insulation (UK) and Sika (Switzerland), have adopted these strategies to strengthen their product portfolios, expand their product portfolio, and enhance their growth prospects in the rainscreen cladding market.

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Kingspan Insulation Ltd (UK) is one of the key players in the manufacturing of fabricated & high-performance insulation as well as building envelope solutions. The company operates through its five business segments, namely, insulated panels, insulation boards, data & flooring technology, light & air, and water & energy. Its extensive product portfolio includes architectural façade , structural framing, metal facades, insulation boards, building services insulations, engineered timber , daylighting, smoke management, micro-wind , ventilation , energy storage solutions, and insulated panels. The company operates in the rainscreen cladding market via architectural façade . The company has more than 129 manufacturing sites and is present across more than 70 countries worldwide.

Sika AG (Sika) (Switzerland), is one of the global leaders in the specialty chemicals industry and operates through two business segments, namely, construction and industrial manufacturing. The company produces concrete & mixtures, mortar, sealants & adhesives, tooling resins, anti-static industrial flooring, and acoustic material. Under the construction segment, the company offers products and solutions for building components, cement industry, concrete technology, concrete refurbishment, elastic bonding, flooring & coating, gypsum & dry mortar, joint sealing, roofing, structural bonding, tiling , and waterproofing. The industry segment includes automotive, automotive aftermarket, building components, general industry, marine, renewable energies, and transportation industry. Sika AG has a presence in more than 50 countries, including Germany, India, Brazil, Chile, Morocco, and Australia, across five continents. Sika has subsidiaries in 95 countries worldwide and over 170 factories.

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The roofing segment is projected to play a key role in the fiber cement market

MarketsandMarkets projects that the market for fiber cement will grow at USD 17.38 billion by 2021, at a CAGR of 4.80%. The market for fiber cement is segmented on the basis of material into Portland cement, sand, cellulosic fibers, and others. Portland cement dominated the market. However, the market for cellulosic fibers is projected to grow at the highest rate. With the emergence of new technologies, manufacturers are looking for advanced techniques to make fiber cement more effective.

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The siding segment is estimated to account for the largest share in the fiber cement market, on the basis of application and this trend is projected to continue during the forecast period. Fiber cement siding improves the aesthetic appeal of the buildings, making them look more expensive. Other applications such as molding & trim and roofing are projected to show potential growth. In fact, fiber cement roofing is projected to be the fastest growing application during the forecast period. Growing construction industry and strict regulations against the use of asbestos cement are important factors driving the market for fiber cement.

On the basis of end use, the residential segment held the largest share, in 2015 and is projected to grow at the highest rate during the forecast period. This is primarily due to favorable and lenient lending policies initiated by governments across all regions. Also, the residential construction spending is estimated to go up, particularly in the emerging Asia-Pacific and Latin American regions. Fiber cement products’ aesthetic appeal, along with properties such as durability and low maintenance, has also driven the residential sector.

Among regions, Asia-Pacific is projected to grow at the highest rate during the forecast period. Growing economy and rapid growth in the infrastructure sector in the Asia-Pacific region have significantly impacted the growth of fiber cement. The North American region, which is seeing a rebound in its residential construction sector, is projected to be the second-largest market.

Read More: https://www.marketsandmarkets.com/PressReleases/fiber-cement.asp

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The residential construction industry is estimated to play a key role in the ceramic tiles market

The residential segment is projected to dominate the ceramic tiles market through 2023. With the improvement in macroeconomic conditions globally, the demand for new constructions has increased, owing to which strong growth has been witnessed in new housing projects. Furthermore, factors such as rise in renovation & remodeling activities and rise in population & rapid urbanization are expected to drive the growth of the ceramic tiles market in the coming years. MarketsandMarkets projects that the global ceramic tiles market size will grow from USD 227.89 billion in 2018 to USD 320.07 billion by 2023 at a CAGR of 7.03%. Rapid industrialization and increase in investments in the construction industry are expected to be the major drivers of the ceramic tiles market.

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On the basis of application, the market for ceramic tiles is segmented into floor, wall, roof, and others (ceiling and countertop). The floor segment is expected to be the fastest-growing segment of the ceramic tiles market from 2018 to 2023. Ceramic tiles are employed in the interior as well as the exterior flooring of buildings to meet the requirement of decoration or aesthetics. The application of ceramic tiles on floors ranges from bathrooms and kitchens in households to laboratories, restaurants, medical centers, shopping centers, schools, and government buildings. Their low cost and easy installation also contribute to their growing popularity in a range of residential and non-residential applications.

On the basis of construction type, the new construction segment is projected to be the fastest-growing segment from 2018 to 2023. The new construction segment dominated the ceramic tiles market due to the growing concerns about the rising carbon footprint in the environment, mainly due to the massive energy consumption by the building industry, which, in turn encourage governments across regions to roll out regulations against the use of non-eco-friendly construction materials and to ensure sustainable building practices. Installation of ceramic tiles in new constructions not only guarantees lesser energy consumption but also eliminates the need for frequent tile replacement. Also, installing tiles in new construction projects is more cost-effective than replacing the same later, as the total cost of the tile and labor required for installation has to be paid only once.

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Asia Pacific is projected to be the fastest-growing market in the global ceramic tiles industry, with China accounting for the largest market share in this region, followed by India. In terms of growth rate, Asia Pacific was followed by North America, Middle East & Africa, South America, and Europe. Increase in population, the rise in disposable income of the population, growth in new construction activities, and increase in investments in the residential and commercial sectors is expected to drive the demand for ceramic tiles in Asia Pacific.

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Pre-engineered Buildings Market worth $25.0 billion by 2024

The pre-engineered buildings market is projected to grow from USD 14.5 billion in 2019 to reach USD 25.0 billion by 2024, at a CAGR of 11.5%. Factors such as the increasing demand for green buildings and need for reducing construction time and cost, along with the demand for lightweight building structure, drive the pre-engineered buildings market.

Request for sample report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=128289566

Recent Developments

In March 2019, Nucor Corporation has planned to expand its steel plate production capacity by building a steel plate mill in Brandenburg, KY, US. The company has planned an investment of USD 1.35 billion in the mill. This mill has a planned production capacity of 1.2 million tons of steel products per annum. This is expected to strengthen the company’s steel plate product portfolio, which is further expected to support its pre-engineered buildings production, as steel plates are used as a raw material to manufacture pre-engineered buildings.

In August 2017, Zamil Steel Pre-engineered Building Company signed a contract with Agility Kuwait to build four air-conditioned warehouses in Mina Abdullah, Kuwait. This contract was valued at USD 6.7 million. Under this contract, the company would provide 4,600 metric tons of pre-engineered steel buildings and over 100,000 square meters of sandwich panels.

Scope of the report

This research report categorizes the pre-engineered buildings market based on structure, application, and region.

On the basis of structure the pre-engineered buildings market has been categorized as follows:

Single-story

Multi-story

On the basis of application, the pre-engineered buildings market has been categorized as follows:

Warehouses & industrial

Commercial

Infrastructure

Others (education, schools, churches, exhibition halls, healthcare, recreation infrastructure)

On the basis of region, the pre-engineered buildings market has been categorized as follows:

North America

Europe

Asia Pacific

Middle East & Africa

South America

Asia Pacific accounted for the largest share in 2018 and is also projected to record the highest growth rate during the forecast period. The key factors driving the growth of the Asia Pacific pre-engineered buildings market are the growth in the residential and non-residential construction industry, huge investments in the infrastructural sector, and rapid industrialization in the developing countries of Asia Pacific. Furthermore, various benefits of these buildings, including time & cost efficiency and reduced environmental impact, as compared to cast-in-situ construction, are fueling the demand for these buildings in the developing countries of Asia Pacific.

Key Questions addressed by the report

Which regions offer immense opportunities in the pre-engineered buildings market?

What are the upcoming industry trends for pre-engineered buildings?

What are the high-growth segments in the pre-engineered buildings market?

What are the factors driving the growth of the market?

What is the competitive scenario in the pre-engineered buildings market?

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Pipeline Monitoring Systems Market by Application (Leak Detection, Operating Efficiency, and Pipeline Break Detection)- Global Forecast to 2026

The pipeline monitoring systems market is expected to witness high growth as a result of the increased number of oil & gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure along with stringent government regulations for pipeline safety and security and expansion and up-gradation of pipelines. The growth in trend of the development of new devices and solutions to monitor the pipeline performance, optimize the resources, automate the functions, and safeguard the operations fuels the growth of pipeline monitoring systems. The next-generation technologies, which are the future of the pipeline monitoring market, comprise integrated, multi-layered systems using disruptive technologies, Internet of Things (IoT), digital acoustic sensing, and connected pipelines.

In terms of application, the leak detection application is projected to grow at a higher CAGR from 2016 to 2026. This growth can be attributed to the increasing investments from oil & gas companies in pipeline monitoring infrastructures and safe transportation of the material through it. Pipeline leakage detection systems help in detecting damages across the pipeline infrastructure. These systems detect leaks on the basis of flow, pressure, temperature, and density.

Gas pipelines that are covered under the crude & refined petroleum segment accounted for a major share, which creates a huge potential for pipeline monitoring systems for gas pipelines; this is projected to grow at a higher rate. Also, the construction of a number of pipelines in various regions may lead to the growth of pipeline monitoring systems for crude & refined oil across the globe.

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The pipeline monitoring systems market size will grow from USD 4.13 Billion in 2015 to USD 8.72 Billion by 2026, at an estimated CAGR of 7.1% between 2016 and 2026.

Pipeline Monitoring Systems Market: By Application

Introduction

Leak detection

Operating condition

Pipeline break detection

Others (liquid/material identification)

Flow

Pressure

Temperature

Density

Pipeline Monitoring Systems Market: By End-Use Industry

Introduction

Crude & refined petroleum

Water & wastewater

Others (beverages, drugs & specimen, currency)

Oil

Natural gas

Biofuel

North America contributes a major market share in the global pipeline monitoring systems market. The North American market is projected to grow at the highest rate than other regions as many new pipelines are under construction in this region. Europe constitutes the second-largest market share in pipeline monitoring systems while Asia-Pacific is projected to register the highest growth after North America. Emerging economies such as India, China, and Japan are projected to grow at moderate CAGRs between 2016 and 2026.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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The residential buildings industry is estimated to play a key role in the plumbing fixtures & fittings market

The plumbing fixtures & fittings market is projected to reach USD 139.4 Billion by 2027. The plumbing fixtures & fittings market size is estimated to grow from USD 86.5 billion in 2018 to USD 139.4 billion by 2027. Fixtures & fittings are used in residential and non-residential buildings in bathtub & shower fixtures, sink fixtures, toilet fixtures, and sink fittings among others. The residential buildings industry accounted for the largest market share in 2018. Rising disposable incomes of the urban population is stimulating the construction of new houses in urban regions, resulting in an increased demand for plumbing fittings & fixtures. The demand for plumbing products for replacements is especially high in the residential construction sector. Home kitchen remodeling projects typically involve the installation of multiple sinks for convenient cooking and bathrooms, thereby increasing the demand for plumbing fixtures & fittings.

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These products include various types of fixtures & fittings such as bathtub and shower fixtures, sink fixtures, toilet fixtures, bathtub & shower fittings, toilet fittings, sink fittings, and other plumbing fixtures and fittings. Residential buildings uses bathtubs to gain a luxuriant experience. Many non-residential buildings such as hotels, gyms, and spa resorts uses bathtub & shower fixtures as a way to promote their status and improve customer satisfaction. The rise in construction expenditures in the non-residential markets, including health care rehabilitation centers where whirlpool baths serve a more therapeutic purpose, will continue to support demand for bathtubs.  

On the basis of raw material, the market for fixtures & fittings is segmented into vitreous china, metal, and plastics, which is further segmented into fiberglass, cast polymer, acrylic, and other plastics. The plastic segment is projected to grow at the highest rate, as it is easy to use and install, and is durable and adaptable. The metal segment is projected to grow at the second-highest CAGR during the forecast period.

In 2018, Asia-Pacific accounted for the largest share in the global fixtures & fittings market, by volume, with China being the fastest-growing market in this region. This was followed by North America, RoW, and Europe. Rising population makes infrastructure and sewage system development a necessity, and therefore new homes are constantly being connected to water delivery systems. These systems are reaching previously unserved areas, thereby creating new customers and generating demand for plumbing products. Apart from China, other industrializing countries in Asia, such as India and Indonesia, will also contribute to the overall demand of plumbing fixtures & fittings. Growing investments in smart buildings and homes, rise in bathroom and kitchen-modelling projects among the middle class population, and the growing preference for upgraded fixtures and fittings are the major factors fueling the growth in the plumbing fixtures & fittings market in this region.

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Perlite Market by Form (Expanded Perlite and Crude Perlite)- Global Forecast to 2022

MarketsandMarkets projects that the perlite market size will grow from USD 1.51 Billion in 2017 to USD 2.20 Billion by 2022, at an estimated CAGR of 7.78%. The perlite market is expected to witness high growth as a result of the rapid urbanization, large-scale investments in the building & construction sector, and the rising number of construction activities in emerging economies.

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The Perlite market is segmented by type in to Expanded Perlite and Crude Perlite. Expanded perlite finds application in several sectors, which drives its demand. This segment dominates the perlite market and is projected to grow at a higher rate during the forecast period. Expanded perlite possesses high insulation, acoustic, and excellent water retention, and higher water density properties. Hence, the expanded perlite form accounted for a relatively larger market share than the crude perlite segment.

Expanded perlite finds diverse applications in the industrial sector, ranging from high-performance fillers for plastics to cement; as a filtering agent for petroleum, water, and geothermal wells; and for cryogenic insulation that requires insulation for extremely low to medium and high temperature including insulating concrete, refractory bricks, and underfloor insulation. Safety certifications from regulatory authorities present opportunities for manufacturers to strengthen their position in the perlite market, in order to maintain the quality and performance standards of perlite.

Target audience

Raw material producers

Perlite traders/distributers/suppliers

Local governments

Environmental protection bodies

Market research and consulting firms

Regulatory bodies

Research organizations

Association and industry bodies

End-use industries

The major players in the perlite market include Imerys Minerals (UK), Keltech Energies (India), Dupré Minerals (UK), Amol Dicalite (India), IPM Group of Companies (Philippines), Bergama Mining Perlite (Turkey), Supreme Perlite Company (US), Genper Group (Turkey), The Schundler Company (US), and Whittemore Company (US).

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United Rentals Inc. (US) and Ashtead Group plc (UK) are the Leading Player in the Construction Equipment Rental Market

The construction equipment rental market is estimated to be USD 98.6 billion in 2019 and is projected to reach USD 121.6 billion by 2024, growing at a CAGR of 4.3% from 2019 to 2024. Increasing building & construction activities, especially in China, Japan, and India, the recovering construction sector in Europe, and increasing rental penetration in North America coupled with shift in trend towards rental due to various cost-benefits is expected to drive the growth of the construction equipment rental market during the forecast period.

Major companies operating in the construction equipment rental market include United Rentals Inc. (US) (Belgium), United Rentals Inc. (US), Ashtead Group Plc (UK), Loxam (Paris), Herc Holdings Inc.  (US), Aktio Corporation (Japan), Nishio Rent All Co. Ltd. (Japan), and Kanamoto Co. Ltd. (Japan) hold a potential share of the construction equipment rental market.

To know about the assumptions considered for the study download the pdf brochure

United Rentals Inc. (US) is the leading player in the construction equipment rental market which has adopted organic & inorganic strategies to sustain its market position.

In October 2018, United Rentals, Inc. acquired WesternOne Rentals & Sales LP, a Canada-based leading equipment rental provider of aerial lifts and heat solutions, to expand its business in Western Canada.

In September 2018, United Rentals, Inc. acquired Blueline Rental, a leading North American general rental provider based in Texas, US, to extend its footprints to various large metropolitan areas in North America, including US coasts, the Gulf South, and Ontario. This acquisition is in line with the company’s Grow the Core strategy to expand its presence in the local and mid-sized customer segment.

Ashtead Group plc (UK) is another major company in the construction equipment rental market. It has adopted organic and inorganic strategies to sustain its position in the construction equipment rental market.

In March 2018, Ashtead Group acquired the business and assets of New England Rent-All Equipment, Inc. (NERA) for a cash consideration of approximately USD 4 million. NERA is a general equipment rental business based in Massachusetts, US.

In February 2018, Sunbelt US, an operating company of Ashtead Group in the US acquired the business and assets of Beaupre Aerial Equipment, Inc. and Beaupre Equipment Services, Inc. (together Beaupre) for a cash consideration of USD 50 million. Beaupre is an aerial work platform rental business based in Minnesota, US.

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Construction Equipment Rental Market- Analysis, Statistics, Trends, Forecast Report, 2025

The construction equipment rental market is projected to grow from USD 98.6 billion in 2019 to reach USD 121.6 billion by 2024, at a CAGR of 4.3% from 2019 to 2024. The major drivers for the market include the increasing demand for rental equipment due to various benefits, shift in trend towards rental, increasing infrastructure activities in emerging nations, and cost-benefits associated with the use of construction equipment on a rental basis rather than purchasing it.

North America projected to be the largest construction equipment rental market during the forecast period

North America accounted for the largest share of the market in 2018, and is expected to continue in the trend during the forecast period due to the recent boom in non-residential construction in the region, coupled with supporting investments from domestic and foreign investors and favorable policies. The growth and financial health of North American construction equipment rental market is driven by factors, such as non-residential construction activity, capital investments in the industrial sector, repair, maintenance, and overhaul services, government spending and demand for construction equipment rental for remediation and rebuilding efforts. The market in the Asia Pacific is projected to grow at the highest CAGR during the forecast period. This growth is attributed to the increasing building & construction activities, especially in China, Japan, and India, coupled with increasing investments from domestic & foreign investors in public & private sectors.

Recent Developments

In August 2019, Ahern Rentals started its operational facility in Argentina. Located in Buenos Aires, Ahern Argentina is the eighth Ahern International business to open, joining Ahern Australia, Ahern Canada, Ahern Chile, Ahern Deutschland, Ahern Ibérica, Ahern Ireland, and Ahern Japan, and is the second Ahern International entity in Latin America. Focused on supporting the Argentinian market, the company specializes in sales, service, and spare parts for Xtreme Manufacturing telehandlers, Snorkel aerial work platforms, and Ruthmann Bluelift tracked spider lifts.

Equipment rental company, Boels Rentals is adding the Barreto 30SGB stump grinder to its rental product range, based on positive feedback relating to Vanguard’s V-Twin engine. Boels Rentals will introduce the new stump grinder units which feature the Vanguard V-Twin engine across its European network as part of its strategic collaboration with engine manufacturers, Briggs and Stratton.

Key Market Players

Companies such as United Rentals Inc. (US) (Belgium), United Rentals Inc. (US), Ashtead Group Plc (UK), Loxam (Paris), Herc Holdings Inc. (US), Aktio Corporation (Japan), Nishio Rent All Co. Ltd. (Japan), Kanamoto Co. Ltd. (Japan), Nishio Rent All Co. Ltd (Japan), Nikken Corporation (Japan), and Ahern Rentals (US), among others, are the major players in the construction equipment rental market. These players focus on strategies, such as contracts, product launches, acquisitions, partnerships, expansions, joint ventures, and investments that have helped them to expand their businesses in untapped and potential markets.

The diversified product portfolios and multiple uses are factors responsible for strengthening the positions of these companies in the construction equipment rental market. They have adopted various organic and inorganic growth strategies, such as new product launches, acquisitions, and contracts, to enhance their current positions in the construction equipment rental market.

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Siding Segment is Projected to Occupy the Largest Share Among All Applications of Fiber Cement Market

The market for fiber cement is projected to grow from USD 13.75 Billion in 2016 to USD 17.38 Billion by 2021, at an estimated CAGR of 4.80%. This growth is due to growing construction activities, globally. Stringent regulations against the use of asbestos cement also provides an opportunity to the market to grow further, especially in the emerging Asia-Pacific and Latin American regions.

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Fiber cement siding is the largest application area. This is because fiber cement siding does not require maintenance and is impervious to degradation. Also, growing construction projects, both residential and commercial, have driven the market in this segment. Other application areas of fiber cement are roofing, molding & trim, countertops, and backer boards.

Target audience

Raw material suppliers and producers

Regulatory bodies

Fiber cement distributors/suppliers

End users (builders, contractors)

Asia-Pacific to play a key role in the market for fiber cement

On the basis of key regions, the market for fiber cement is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region is the most attractive market for fiber cement. Rising economy and rapid growth in the infrastructure sector in this region have significantly impacted the growth of fiber cement. This region is projected to see the highest number of new constructions and infrastructural activities in the near future.

The global market for fiber cement is dominated by large players such as Etex Group NV (Belgium), James Hardie Industries PLC (Ireland), Evonik Industries AG (Germany), Compagnie de Saint Gobain SA (France), and Toray Industries Inc (Japan). Other players in this market include CSR Limited (Australia), The Siam Cement Public Company Limited (Thailand), Nichiha Fiber Cement (Japan), Plycem USA, Inc. (U.S.), and Cembrit Holding A/S (Denmark).

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Perlite Market by Application (Construction, Agriculture & Horticulture, and Industrial)- Global Forecast to 2022

The perlite market was valued at USD 1.42 Billion in 2016 and is projected to reach USD 2.20 Billion by 2022, at a CAGR of 7.78%. The market is projected to witness significant growth over the next few years with the increasing demand for new constructions due to rapid urbanization and industrialization with large-scale investments in the commercial and infrastructural sectors. The rising demand for perlite in emerging economies and the increasing inclination toward sustainable construction methods are increasing the reliance on modern construction materials, thus creating growth opportunities for the perlite market.

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An industrial segment to gain maximum traction during the forecast period

The industrial sector is projected to be the fastest-growing segment in the perlite market during the forecast period. Expanded perlite finds diverse applications in the industrial sector, ranging from high-performance fillers for plastics to cement; as a filtering agent for petroleum, water, and geothermal wells; and for cryogenic insulation that requires insulation for extremely low to medium and high temperature including insulating concrete, refractory bricks, and underfloor insulation. Safety certifications from regulatory authorities present opportunities for manufacturers to strengthen their position in the perlite market, in order to maintain the quality and performance standards of perlite.

The perlite value chain includes raw material manufacturers such as Imerys Minerals (UK), Keltech Energies (India), Dupré Minerals (UK), Amol Dicalite (India), IPM Group of Companies (Philippines), and Bergama Mining Perlite (Turkey), Furthermore, the products manufactured by these companies are used by various end-use sectors. The end-use sectors comprise industrial, construction, agriculture & horticulture, and food & beverages, among others. The application of perlite components in these sectors is due to its various properties including high insulation, acoustic property, lightweight concrete, fire resistant, and excellent water retention properties. The global market for the perlite market is dominated by players such as Imerys Minerals (UK), Keltech Energies (India), Dupré Minerals (UK), Amol Dicalite (India), IPM Group of Companies (Philippines), Bergama Mining Perlite (Turkey), Supreme Perlite Company (US), Genper Group (Turkey), The Schundler Company (US), and Whittemore Company (US).

In terms of value, the expanded perlite segment is projected to grow at a higher CAGR during the forecast period. This growth can be attributed to factors such as introducing high strength to concrete with less water content and easy workability. Expanded perlite finds applications in several industries including agriculture & horticulture, construction, industrial, and food & beverages. The rising number of infrastructural activities as well as the large population in China and India drive the growth of the Asia Pacific perlite market. Additionally, other emerging economies such as South Africa and countries in the Middle East and South America are experiencing high demand for construction. The rapid urbanization in these countries demands faster and cheaper construction of buildings and facilities without compromising on the quality. Additionally, the increasing number of government investments in infrastructural constructions provide the potential for the growth of the perlite market in these countries.

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Pipeline Monitoring Systems Market by Technology (Ultrasonic, PIGs, Smart Ball, and Magnetic Flux Leakage)- Global Forecast to 2026

The pipeline monitoring systems market size is estimated to grow from USD 4.13 Billion in 2015 to USD 8.72 Billion by 2026, at a compound annual growth rate (CAGR) of 7.1% from 2016 to 2026.

The pipeline monitoring systems market is expected to witness high growth as a result of increased number of oil & gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure along with stringent government regulations for pipeline safety and security and expansion and upgradation of pipelines. The growth in trend of the development of new devices and solutions to monitor the pipeline performance, optimize the resources, automate the functions, and safeguard the operations fuels the growth of pipeline monitoring systems.

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Ultrasonic technology sector to gain maximum traction during the forecast period

The ultrasonic technology segment dominated the market in 2015; however, smart ball technology is projected to be the fastest-growing technology in the next ten years. This could be attributed to the easy deployment of these balls through pipelines with long inspection capability from single deployment. The growth in demand for ultrasonic technology in the pipeline monitoring systems sector is because it is preferred by many oil & gas companies to detect small and large leakages.

In 2018, the North American market accounted for the largest share of total market of pipeline monitoring systems, in terms of value, followed by Europe. However, the Asia-Pacific region is projected to grow at the fastest rate than Europe in the pipeline monitoring systems market. Markets in developing countries such as China, India, Japan, Australia, and countries in the Middle East are projected to grow at a higher rate. This is because of the high population in these country, along with new pipelines under construction, which will increase the demand for pipeline monitoring systems.

The global market for pipeline monitoring systems is dominated by major manufacturers of pipelines and monitoring systems. Siemens AG (Germany), Honeywell International Inc. (U.S.), BAE Systems (U.K.), Perma Pipes (U.S.), Transcanada (Canada), PSI AG (Germany), Pure Technology (Canada), Orbcomm Inc. (U.S.), Huawei (China), and Pentair PLC. (U.K.) are the major manufacturers of pipelines and monitoring systems in the pipeline monitoring systems market. Other players include Atmos International (U.K.), Clampon AS (Norway), ABB Group (Switzerland), Future Fibre Technologies (Australia), Senstar Inc. (Canada), Syrinix (U.K.), Radiobarrier (Russia), TTK (France), Krohne Group (Germany), and Thales Group (France). These companies use various strategies such as mergers & acquisitions, expansions, new product launches, and partnerships to strengthen their position in the market.

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Plumbing Fixtures Market worth $139.4 billion by 2027

The plumbing fixtures & fittings market is projected to reach USD 139.4 Billion by 2027. The plumbing fixtures & fittings market size is estimated to grow from USD 86.5 billion in 2018 to USD 139.4 billion by 2027. Factors such as increasing demand in Asia-Pacific due to rapid urbanization, building renovations due to disasters and upgradations,  rising construction activities in emerging economies, and large-scale investment in industrial and infrastructure sectors are some of the drivers for the growth of the plumbing fixtures & fittings market.  

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Residential buildings to gain maximum traction during the forecast period

The residential buildings segment dominated the market in 2018 and is projected to be the fastest-growing end-user industry in the next five years, as a result of the rising urbanization and changing lifestyle inclined toward new designs and better technology in homes. The residential market is projected to grow at the highest rate due to the rise in new and existing housing completions. Furthermore, the non-residential segment is projected to be the second fastest-growing end-use industry due to the rising demand from commercial buildings such as hotels, gyms, and spa resorts.

Plastics as a raw material to play a key role in the plumbing fixtures & fittings market

The report defines and segments the plumbing fixtures & fittings market on the basis of raw material into vitreous china, metal, and plastics. The vitreous china segment is projected to contribute the largest market share as it is the most economical material for domestic fixtures such as toilet bowls, urinals, and washbasins. Plastic plumbing fixtures & fittings, made from a wide range of polymers such as fiberglass, cast polymer, and acrylic, is projected to grow at the highest rate from 2018 to 2027.

Asia-Pacific is projected to have the largest market share and dominate the plumbing fixtures & fittings market from 2016 to 2021. Asia-Pacific offers potential growth opportunities; developing countries such as China and India are projected to be emerging markets, making the Asia-Pacific region the fastest-growing market for plumbing fixtures & fittings. The growth of the plumbing fixtures & fittings market in this region is driven by factors such as the growth in the construction of the residential and non-residential buildings. Also, the growing population and economic development are other factors driving the growth of this market.

Factors such as fluctuations in raw material prices act as a restraint for the growth of the market. The global market for plumbing fixtures & fittings is dominated by players such as Geberit AG (Switzerland), Kohler Co. (U.S.), Jacuzzi Inc. (U.S.), Masco Corporation (U.S.), LIXIL Group Corporation (Japan), Fortune Brands Home & Security, Inc. (U.S.), TOTO Ltd. (Japan), and Roca Sanitario, S.A. (Spain). Other players in the market are Elkay Manufacturing Company (U.S.) and MAAX Bath Inc. (Canada). These players adopted various strategies such as new product developments, acquisitions, agreements, partnerships, and expansions to cater to the needs of the plumbing fixtures & fittings market.

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