Global demand for ball bearings is projected to increase 5.1% per year through 2022 to $40.0 billion, primarily due to increased production of electrical and electronic equipment, machinery, and motor vehicles.
November 27, 2018Global demand for vinyl flooring is forecast to rise 4.4% per year to 3.0 billion square meters in 2021, exceeding the global flooring average pace. The increasing popularity of luxury vinyl tile will continue to bolster demand, spurring growth even in mature markets such as the US and Western Europe.
October 24, 2017Subflooring accounted for 85% of wood panels used in flooring applications in 2019 and will provide the majority of demand growth through 2024.
December 21, 2020Lubricant demand in India is expected to increase 2.9% per year to nearly 3.2 million metric tons in 2024, among the fastest rates of growth among major lubricant markets.
March 26, 2021Global demand for farm tractors is forecast to climb 5.5% annually to $59.1 billion in 2022. The use of tractors in most industrializing nations will advance at a strong pace because they represent the most basic type of agricultural machinery and are typically the first machines purchased when an agricultural sector mechanizes, due to their ability to perform multiple functions like lifting and transporting materials.
January 25, 2019Expanding manufacturing output will fuel sales gains across a number of major markets in the region, boosting adhesives and sealants use in packaging, tapes and labels, motor vehicles, electronics, and footwear, among other applications.
January 12, 2022According to The Freedonia Group’s new Sheds & Other Residential Outdoor Storage, the outdoor storage products market in the US will total $1.6 billion in 2023.
September 20, 2019According to Freedonia’s new Global Countertops study, demand for countertops is anticipated to reach 540 million square meters in 2023. While more basic materials such as solid surface and laminate are expected to remain the most widely installed countertops, higher-end materials such as granite and engineered quartz will continue to account for significant amount of demand.
August 22, 2019Material handling equipment sales increased as new warehouses, order fulfillment centers, and other facilities were built by companies involved in e-commerce.
December 13, 2019Global chocolate and confectionery machinery demand is projected to advance 7.1% per year to nearly $4 billion in 2021. Once considered luxury products in some developing nations, chocolate and other sweets have become more easily attainable as living standards increase in these countries, thus driving growth for this machinery.
October 23, 2017