The rising complexity of security systems and the intensifying threat of advanced cyber attacks will drive demand for security consulting.
Freedonia Group: Security Consulting Will Offer the Best Growth Opportunities for the Private Security Service Market Through 2023
Demand for Drywall in Indonesia will Grow 5.5% Annually Through 2023
Demand for drywall in Indonesia is expected to expand 5.5% per annum.
Distribution Material Handling Equipment Market is Forecast to Expand 5.2% Annually Through 2023
Material handling equipment sales increased as new warehouses, order fulfillment centers, and other facilities were built by companies involved in e-commerce.
Demand for Glass Used in Windows and Doors Forecast to Increase 4.3% Annually Through 2023
Demand for glass used in windows and doors is forecast to reach $4.4 billion in the year 2023.
Demand for Medical Device Trays Forecast to Grow 3% Annually
Trays will increasingly be used as multiple compartment trays that package all or most items needed for a specific medical procedure (e.g., surgery, dental restoration, dialysis, diagnostic testing).
Guarding revenues reached $29 billion in 2018 and represented 43% of private security service revenues. Guards are valued for their visible, physical presence, which can deter potential crimes.
Global Demand for Windows to Grow 4.5% Annually Through 2023 – Freedonia Group Analysis
Global demand for windows is forecast to increase 4.5% per year to $138 billion in 2023. Vinyl windows are projected to account for the fastest growth in value terms, spurred by: • cost and performance advantages of PVC products, especially in developing regions where market penetration has not advanced as far as in higher income areas • rising income levels and more stringent energy efficiency requirements, which support purchases of higher quality, costlier products
Global demand for metal cutting tools is forecast to climb 3.4% per annum through 2023 to $80.9 billion, driven by: • solid advances in global durable goods production capacity, particularly in developing countries such as India, China, and Russia • a shift in the product mix toward higher value, more technologically advanced products as manufactures work to boost output, increase efficiency, and produce more sophisticated end products • an ongoing transition to more expensive, automated models aided by research and development
Greater Global Automation Drives Growth in Automatic Valve Market – Freedonia Group Analysis
Global demand for automatic valves is forecast to rise 4.8% per year to $46.7 billion in 2023. These products will account for an increased share of the global market, continuing a long-term trend toward greater automation across industries.
Conventional Lawn & Garden Hoses Continue to Dominate Watering Products Market despite New Product Offerings
Demand for hoses is forecast to increase 3.5% per year to $615 million in 2023, supported by an improved economy and the development of higher quality products that are most desired by consumers. Growth will be more broad-based compared to the previous five-year period, when the introduction of expandable hoses and new lightweight hoses drove nearly all sales gains.