Construction is likely to become one of the most dynamic industrial sectors over the next fifteen years, as it is critical to the development of a prosperous society around the world.
Products and equipment for construction
The construction equipment industry is a classic cyclical market with pronounced ups and downs, and the possibility of significant growth in demand for construction equipment, power tools, heating equipment, welding equipment and more.
The growth of construction projects, in turn, will lead to an increase in demand for welding equipment, electrodes, accessories and masks, for more details see vcentre. com.ua/welding-mask-chameleon-buy/. The global welding equipment market will depend on an increasing number of end-use applications that use different types of welding technologies. The growing need for automation of welding technology is expected to become one of the main trends observed in the global welding equipment market in the coming years.
Lawn and garden equipment
Global demand for lawn and garden equipment is projected to grow at an average rate of 4.2 percent annually. The horticulture industry is very attractive and can be seen as a mature market with steady growth. The lawn mower product segment is projected to remain the largest and fastest growing segment during the forecast period. This can be attributed to the widespread use of lawn mowers to maintain lawns and gardens in household yards, public parks.
The category of hand tools is purchased by individuals and organizations as part of the basic toolbox. Repeat purchases are expected to be the main factor driving growth in the handheld segment.
The long-term outlook for the global construction and horticultural machinery market, which is currently in a period of moderate growth, suggests a 25% increase in sales in 2020 and 2021. In value terms, the market is expected to grow by 28% over the same period.
