Industrial Goods

Global Oil Free Compressor Market: Introduction

An oil free compressor is a positive displacement compressor and is similar to other compressors. It functions like other compressors and may also appear to be same from the outside. However, internally, it is designed in such a way that the oil is kept away from the compressed air. However, the moving parts require lubrication for proper functioning and to reduce the friction. The term oil free compressor refers to the air that is produced by the compressor and not the machine itself. High quality compressed air is used in a wide variety of applications in many end use industries, such as pharmaceuticals, food and beverage and electronics industries, where the air is in direct contact with goods. The air required in these industries should be of good quality and should also be constant to maintain proper hygiene. Therefore, with the growth of these end-use industries, the demand for oil free compressors is also going to be grow during the forecast period. 

Global Oil Free Compressor Market: Dynamics

The oil free compressors market is going to witness high demand from growing end-used industries, namely chemicals and pharmaceutical industries. The aforementioned industries have to face lawsuits related to poor quality due to the occurrence of oil particles in compressed air. This will uplift the demand in the oil free compressors market. Moreover, the oil free compressor market is anticipated to witness healthy demand from the food & beverage industry, which is primarily due to several regulations related to hygiene and safety that govern the sector. Additionally, government regulations related to environment protection and energy efficiency are also anticipated to boost the growth of the global oil free compressors market.

Global Oil Free Compressor Market: Segmentation

The global oil free compressor market can be segmented on the basis of type, end use industry and region.

On the basis of product type, the global oil free compressor market can be segmented into:

• Rotary Screw Compressor
• Piston Compressor
• Centrifugal Compressor

On the basis of end use industry, the global oil free compressor market can be segmented into:

• Petrochemical and Refining Industries
• Chemical Industry
• Food and Beverages Industry
• Textiles Industry
• Power generation
• Steel Industry
• Electrical & Electronics

On the basis of region, the global oil free compressor market can be segmented into:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
• China
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Global Oil Free Compressor Market: Regional Outlook

In the global oil free compressor market, North America and Europe currently hold significant shares and are anticipated to grow at similar paces during the forecast period. This is mainly due to the continuously growing industrial output coupled with post economic slowdown in the developed countries of these regions. On the other hand, Asia pacific is anticipated to register robust growth during the projected period owing to the rapid growth of end-use industries, such as food and beverage, electrical and electronics and textile industries. China and India are the leading countries in the Asia Pacific oil free compressor market and are responsible for the overall growth of the market in this region. Moreover in Latin America oil free compressor market, Brazil is going to play key role in the growth of the oil free compressor market.

Global Oil Free Compressor Market: Market Participants

Names of some of the market participants identified across the value chain of the oil free compressor market are:

• Aero Compressor Inc.
• Atlas Copco
• General Electric
• Ingersoll Rand PLC
• Quincy Compressor
• Anest Iwata Motherson Limited
• Fs-Elliott Co., Llc,
• Gardner Denver
• Bauer Compressor Inc
• Boge
• Chicago Pneumatic
• Mehrer Josef Gmbh & Co. Kg.
• Werther International Inc.
• Ge Oil & Gas
• Kaeser Kompressoren

Global Piezoelectric Actuators Market: Introduction

Piezoelectric actuators are electromechanical motors that convert electrical energy into mechanical stress or displacement using the piezoelectric effect. Piezoelectric actuators are known for their precise movement control and hence, are highly used for finely adjusting mirrors, lenses, machining tools and in other equipment. A piezoelectric actuator is also used to control hydraulic valves. It is used as a special purpose motor or small volume pump as well as in other applications that require force or movement. The global piezoelectric actuators market is anticipated to register significant growth over the forecast period, mainly due to the several benefits offered by the piezoelectric actuators, such as cost-effectiveness and reliability. Piezoelectric actuators, with technological innovations, have progressively entered the market and are projected to witness significant growth in the future. Although, piezoelectric actuators do face some challenges. For instance, high voltage is required for the proper functioning of piezoelectric actuators and the distance that an actuator can move is relatively small. Hence, for small movements, piezoelectric actuators require higher voltage, which leads to increase in overall cost of the operation.

Global Piezoelectric Actuators Market: Dynamics

Increasing use of piezoelectric actuators in smartphones for camera operations and haptic feedback systems in consumer electronics industry is anticipated to drive the global market during the forecast period. This is one of the key reasons responsible for the dominant share of consumer electronics segment in the global market. Since the market with its technological developments is moving towards reduction in size of consumer electronic devices, mainly smartphones that require small-sized components, the demand for piezoelectric actuators is increasing as these actuators are manufactured using micron-scale layers of piezoelectric material. On the other hand, the demand from the automotive industry is also going to play an important role in the overall growth of the piezoelectric actuators market. Piezoelectric actuators draw power directly from a vehicle’s battery unlike from running engines in other actuators. Moreover, its weight bearing capacity is more than that of others actuators, which is one of the major factors responsible for increasing use of piezoelectric actuators in the automotive industry.

Global Piezoelectric Actuators Market: Segmentation

The global piezoelectric actuators market can be segmented on the basis of product type, end use industry and region.

On the basis of product type, the global piezoelectric actuators market can be segmented into:

• Stack Actuators
• Stripe Actuators

On the basis of end use industry, the global piezoelectric actuators market can be segmented into:

• Automotive 
• Aerospace
• Industrial & Manufacturing 
• Consumer Electronics 
• Healthcare 
• Others

On the basis of region, the global piezoelectric actuators market can be segmented into:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
• China
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Global Piezoelectric Actuators Market: Regional Outlook

The demand for high-end electronic products is expected to increase globally. Owing to the developing technologies and faster maturity of the technology, the market is estimated to witness sustained growth. Therefore, several regions around the globe are expected to register significant growth in this regard. Asia Pacific is anticipated to hold a majority share in the global piezoelectric actuators market during the forecast period. This is mainly due to the fact that emerging economies in this region -- India, China and Japan -- are projected to account for a significant share owing to increasing digitization, increasing usage of portable electronics and growing information & communication technologies. Moreover, rising urbanization and growing investments in the healthcare sector of the region will also uplift the overall demand for piezoelectric actuators in the coming years. Additionally, this region is also anticipated to register healthy growth in the future. North America is estimated to hold significant market share in the global piezoelectric actuators market over the forecast period and Europe is anticipated to exhibit substantial growth owing to the technological developments coupled with increasing demand for piezoelectric actuators.

Global Piezoelectric Actuators Market: Market participants

Some of the market participants involved in the Global Piezoelectric Actuators Market are:

• Physik Instrumente (PI) GmbH & Co. KG
• APC International, Ltd
• Omega Piezo Technologies
• Thorlabs, Inc.
• Aerotech Inc.
• Piezo Systems Inc. 
• CEDRAT TECHNOLOGIES 
• piezosystem jena GmbH.
• Noliac 
• Kinetic Ceramics
• NGK Electronics Devices Inc
• Elpa Company

Plunge Saw Market: Introduction

Conventionally, plunge saws consisted of a motor, blade guard, blades and a base to adjust the depth required to make the cut. The drawbacks associated with circulars saws led to the development of plunge saws. A track saw or a plunge saw is a power tool, very similar to a circular saw designed to make straight cuts and more often than not used in conjunction with a guide or track. A plunge saw has a different design which removes the need for a conventional rectangular blade guard, as the blade is enclosed within the machine. The saw has a flat and smooth side that can be used as a guide against a wall or the floor. Moreover, the most important aspect of a plunge saw is its ability to run along a rail or a track. Furthermore, these saws can choose to use ‘rail clamps’ for extra stability.

Over the past decades, the residential sector has witnessed lots of ups and down. The collapse of Lehman Brothers and the global financial crisis had a severe impact on property sales. Between 2008 and 2012, developers almost stopped working on office projects. However, the residential sector is in its recovery stage, which will spur the demand for homes, which in turn, will increase the demand in the plunge saw market.

Plunge Saw Market: Dynamics

Growing tourism and growth in hospitality, retail and hospital sectors is expected to spur the demand for furniture, which in turn, will lead to rising demand in the plunge saw market.  According to world-bank estimates, the residential sector and home furniture market have witnessed strong growth over the past five years and the trend is likely to continue. However, lack of skilled labors is one of the factors expected to hamper the growth of the plunge saw market.

Plunge Saw Market: Trend/ Regional Outlook

Over the past few years, the furniture industry has developed greatly and is no longer restricted to chairs and tables. It has expanded into manufacturing of home furnishings and interiors that exhibit class and elegance. Moreover, in addition to manufacturing of furniture for offices, living rooms, kitchens and gardens, the industry now also covers manufacturing of mattresses and upholstery. Growing consumer needs, upsurge in consumers’ purchasing power and changing lifestyle have positively impacted this market’s growth. Due to the aforementioned reasons, the demand for wood furnishing will increase, which in turn, will indirectly increase the demand in the plunge saw market.

The global Plunge Saw market is segmented into the nine key regions: Latin America, North America, Western Europe, Eastern Europe, South East Asia, India, China, Japan and Middle East and Africa (MEA). Asia is estimated to be the biggest consumer of furniture where and India holds a major share in the furniture industry. As of 2018, the growth in developed regions, such as North America, Western Europe and Japan, will be driven by the expansion of various industries, including the residential sector. Latin America is one of the key regions in the plunge saw market because of the presence of key manufacturers in this region. Demand in the APEJ region can be attributed to the adoption of plunge saw on an increased scale in various end-use industries. MEA is also projected to witness a steady growth rate over the forecast period.

Plunge Saw Market: Segmentation

On the basis of components, the Plunge Saw market can be segmented into:

• Soft Grip
• Shaft Locks
• Guide Track (Optional)
• Shaft Lock
• Others

On the basis of end use, the Plunge Saw market can be segmented into:

• Residential
• Commercial

Plunge Saw Market: Market Participants

Examples of some of the market participants/vendors identified across the value chain of the Plunge Saw market across the globe are:

• KMS Tools
• Makita Corporation
• Festool GmbH
• Batavia
• Ningbo Ace Machinery Co. Ltd.
• Zhangjiagang Scowell Toold Co. Ltd.
• Shanghai Ostar Tools Int’l Co. Ltd.
• Robert Bosch GmbH
• DeWalt Power Tools
• Metabo Power Tools

Textile Mill Electric Drives Market: Introduction:

Continuous collaborations and jointly developed solutions that work well for the entire supply chain of the textile industry are estimated to contribute significantly to the gradual comeback of the global economy. However, factors, such as fluctuations in oil prices, political instability and global crisis, may a pose threat to the textile industry around the globe. Therefore, the Make in India policy, shifting production facilities to ASEAN countries and revival of the America market are some of the factors which might further drive the global textile industry as well as impact the growth of the textile mill electric drives market during the forecast period.

Textile mills serve various processes, such as spinning, weaving and ginning. Spinning is done to produce continuous yams of sufficient strength; weaving is the process of making a uniform layer before the yarn is actually woven; and the separation of seeds from the cotton is called ginning. Growing demand for special types of drives to enhance productivity and performance in the above mentioned processes of the textile mills will augment growth in the textile mill electric drives market.

Textile mill electric drives help in controlling the speed of rotation of an electrical machine, thereby helping in optimizing the motion control. Therefore, assembly of an electric motor with sophisticated control systems controlling the rotation of the motor shaft is the typical drive system used in the textile mill electric drives market. These textile mill electric drives help in controlling the motion of the electrical machines. Controlling has become more and more accurate along with high ergonomics with the help of the software incorporated.

Textile mill electric drives for weaving must possess good cooling capacity to keep the temperatures within limits in case of large power losses. Furthermore, due to the usage of these motors in conditions where the moisture content is high, cooling facility and rating of the motors are the prime selection criteria.

The motor needs robust construction to withstand several extreme conditions, should be able to develop torque in a short time, should possess wide speed variation capability and quick response change capability. All of these factors will affect the global textile mill electric drives market.

Textile Mill Electric Drives Market: Market Dynamics:

Ease of maintenance and low cost of textile mill electric drives are two of the main factors estimated to drive the global textile mill electric drives market over the forecast period. Furthermore, less machine stop time, high quality and productivity are expected to further augment the growth of global textile mill electric drives market. Furthermore, use of textile mill electric drives in cone crushers helps in providing unique crushing ability in primary, secondary, and tertiary crushing, directly impacting the mill efficiency and productivity. This is further estimated to drive the global textile mill electric drives market during the forecast period.

However, use of conventional drives, low awareness amongst end users and relatively high initial cost may hamper the growth of the global textile mill electric drives market during the forecast period.

Textile Mill Electric Drives Market: Market segmentation:

The global textile mill electric drives market can be segmented into electric drives type, motor type and application.

On the basis of electric drives type, the global textile mill electric drives market is segmented into:

• Simple Drives
• Four Quadrants Servo Drives

On the basis of motor type, the global textile mill electric drives market is segmented into:

• Loom Motors
• Card Motors
• Spinning Motors

On the basis of application, the global textile mill electric drives market is segmented into:

• Spinning
• Weaving
• Finishing
• Ginning
• Others

Textile Mill Electric Drives Market: Regional Outlook:

North America is estimated to install electric drives across their textile mills owing to growing demand from end-users for high quality and short time delivery. North America is majorly focused on energy-efficient products, along with low maintenance devices to enhance their productivity. China, being the top producer and exporter of raw textiles and garments, is expected to install electric drives to meet the global demand to cater to the growing awareness amongst customers and thus, will witness substantial growth in the textile mill electric drives market during the forecast period. Significant growth in investments in the textile industry and use of energy-efficient products to enhance output in countries, such as Sri Lanka, Pakistan and Latin America countries, may further augment the global textile mill electric drives market during the forecast period. Europe is estimated to account for around one-fifth of the textile market around the globe and due to growing awareness about the benefits of electric drives, the region is estimated to employ these electric drives across their textile mills. These points are estimated to augment the growth of the global textile mill electric drives market during the forecast period.

Textile Mill Electric Drives Market: Key Market Participants:

Some of the key market participants in the global textile mill electric drives market are:

• TECO Group
• Yaskawa Electric Corporation/
• NORD DRIVESYSTEMS PVT. LTD.
• Fuji Electric Co., Ltd.
• STORK
• Andrew Industries Ltd.
• Sumitomo Heavy Industries, Ltd.
• UMEB ELEKTROMOTOREN
• Siemens Electrical Drives Ltd. (SEDL)
• Wolong
• ABB

Global Industrial Air Preheater Market: Introduction

Industrial air preheaters are heat exchangers predominantly used in steam boilers to absorb heat from the flue gases of the boiler, and transfer it to the combustion/incoming cold air before it enters the furnace. These are used when the exhaust temperatures of gases coming from combustion systems are high. By preheating the combustion air with the hot flue gases, a considerable increase in efficiency of the boiler and power plant can be obtained. Thus, industrial air preheaters are an essential component of a boiler system. The type of industrial air preheater completely dominating the market is the regenerative type industrial preheater, owing to its high efficiency and results in reduced space requirements with an optimum price. Besides, the regenerative type of industrial preheaters offer ease of replacement of elements and weigh considerably lower than recuperative industrial air preheaters. In order to gage the trend and growth analysis of the global industrial air preheater market; this study offers a complete analysis.

Global Industrial Air Preheater Market: Market Dynamics

A drop in power generation from coal in some regions is expected due to record increases in power generation from renewable sources of energy, such as hydropower wind, solar, etc. Further, underutilized coal-fired power plants, owing to overcapacity in countries such as China, exacerbates conflicts among grids, thereby impacting the consumption of industrial air preheaters. Prominent manufacturers have been extensively investing in manufacturing operations in lucrative regions, such as South East Asia & Pacific, thereby enhancing their production footprint in order to cater to the elevating demand in the ASEAN and other neighboring countries. Existing and upcoming coal power plants have important implications for greenhouse gas (GHG) emissions and the climate goals of the Paris agreement. In the short-term outlook, this factor will likely sway market growth negatively. However, the most recent trend shows that, global coal power generation capacity has been growing at a high rate in recent years, and is expected to continue to grow in many regions of the world, subsequently triggering the pace of the industrial air preheater market.                                          

Global Industrial Air Preheater Market: Market Segmentation

The global industrial air preheater market can be segmented on the basis of tube material, tube design, technique, end use industry, and region.

On the basis of tube material, the global industrial air preheater market can be segmented as:

• Steel and Stainless Steel
• Copper and Aluminum
• Special Materials

On the basis of tube design, the global industrial air preheater market can be segmented as:

• Elliptical Finned Tubes
• Round Finned Tubes
• Plain Tubes
• Others

On the basis of technique, the global industrial air preheater market can be segmented as:

• Recuperative Air Preheaters
• Regenerative Air Preheaters

On the basis of end use industry, the global industrial air preheater market can be segmented as:

• Power Generation
• Pulp & Paper
• Marine
• Chemical
• Oil and Gas
• Other Industrial Applications

Global Industrial Air Preheater Market: Regional Outlook

Being at the forefront, China dominates the global industrial air preheater market, followed by North America and India. Industrialized countries in the European region encourage the in-house production of power, and proliferate the need for industrial air preheaters. Moreover, India, being a leading market for industrial air preheaters, offers huge potential and growth opportunities against the backdrop of surging demand for energy and rapid economic growth. China, a country with a mammoth number of coal power units, also demands a significant number of industrial air preheaters. Coal use is increasing in growing economies, such as Indonesia, to meet electricity demands. Anticipating future demand, the government has announced a determined electricity infrastructure plan by enhancing total power generation capacity by 2020. Consequently, a surge in domestic demand, mainly from coal-fired power plants, is foreseen to bolster the demand for industrial air preheaters.

Global Industrial Air Preheaters Market: Key Participants

Examples of some of the market participants in the global industrial air preheater market discerned across the value chain include:

• Balcke-Dürr GmbH
• Kelvion Holding GmbH
• ARVOS Group (Ljungström)
• Geurts International B.V.
• Mitsubishi Heavy Industries Machinery Systems, Ltd.
• Aerofin
• Nanjing Yire Zonglian Energy Saving Technology Co. Ltd.
• Howden Group
• Maxxtec GmbH
• EKSTRÖMS VÄRMETEKNISKA AB
• Thermodyne Engineering Systems

Market Introduction

Uncollected machining oil mist and coolant can be hazardous to health. Oil mist can cause slippery floors and collect on machines, ceilings, walls, and surroundings, thus creating an unpleasant working environment. An oil mist collector is inevitably a very useful attachment which eliminates dust, smoke, etc., generated by a variety of machining applications such as brazing, casting, screw machining, drilling/boring, grinding, milling, and hobbing. Oil mist collectors are the best alternatives to centrifugal collectors, by eliminating the inherent problems of noise, low separation efficiency, and strong vibration. Additionally, oil mist collectors come in various designs, depending upon the application, ranging from small-scale to large-scale. Also, oil mist collectors handle numerous types of oil mist, including mineral oil, water-soluble oil, synthetic coolants, and straight oil. The competence of an oil mist collector depends upon the efficiency of various components, which include filters, gauges, drive fans, sump boxes, dampers, etc. Globally, industrialized nations such as Germany, Japan, the U.K., China, the U.S., etc., clearly outpace developing countries in terms of market share in the oil mist collector market. However, a strong demand for oil mist collectors is foreseen in developing countries.

Market Dynamics

In the oil mist collector market, manufacturers strive to maintain technological capabilities and machinery knowledge to adapt to changing industry demands, in addition to developing innovative products such as higher efficiency filtration systems, provides a competitive edge and enduring success opportunities. Enhancing economic efficiency across developing economies portrays substantial growth opportunities for the manufacturing sector, thereby translating to the positive growth of the oil mist collector market. Furthermore, increase in industrial value-added (IVA) is one of the cited factors attributing to the growth of the oil mist collector market. Importantly, industry-related norms for the healthy environment also encourage manufacturers to install oil mist collectors.

Electrostatic precipitators (ESPs), HVAC filter collectors, and centrifugal collectors are some of the alternatives for oil mist collectors. Subsequently, the growth of any of the product segments will likely impede the demand growth for oil mist collectors. Manufacturers are developing multi-stage oil mist collectors with an aim to increase efficiency. Moreover, the positive trend for the oil mist collector market also catalyzes the demand for components.

Market Segmentation

The global oil mist collector market can be segmented on the basis of installation, end user/application, and region.

On the basis of installation, the global oil mist collector market can be segmented as:

• Stand-Alone
• Modular
• Compact (Capturing Oil Mist at the Source)

On the basis of end user/application, the global oil mist collector market can be segmented as:

• Automotive
• Metalworking
• Textile
• Other Industrial Applications (Workshops, etc.)

Global Regional Outlook

The outlook for the oil mist collector market depends on the performance of various economies across the world, primarily in North America, but progressively in China and Western Europe. The U.S. oil mist collector market continues to face near-term impediments; for instance, federal government debt and uncertainty in regulations. Moreover, China’s booming manufacturing sector proposes huge potential for the manufacturers of oil mist collectors, owing to increasing awareness about the importance of air quality as one of the top national agendas.

The manufacturing sector in Russia – being at the forefront in Eastern Europe, is set to recover on the back of efficient government regulations, initiatives for external investments, and increasing purchasing power of the population. These factors reaffirm the robust growth outlook for the oil mist collector market in Russia. Furthermore, rising demand from Japan, the U.S., and the Middle East aids the growth of South Korea’s manufacturing industry, and is aiding acceleration of the oil mist collector market. Brazil, an economic engine of Latin America, is gradually emerging as one of the prominent countries to augment the growth of the global oil mist collector market. In India – the launch of the Make in India initiative proliferates enormous growth opportunities for the oil mist collector market. Therefore, the scenario of the metalworking industry plays a vital role in the oil mist collector market.

Key Participants

Examples of some of the market participants in the global oil mist collector market discerned across the value chain:

• RoboVent, Inc.
• Donaldson Company, Inc.
• Rentschler REVEN GmbH
• AIRMAX International
• SHOWA DENKI CO., LTD.
• Losma S.p.A.
• Air Quality Engineering, Inc.
• Nederman Holding AB
• CLARCOR Inc.
• Filtermist International Limited
• Tri-Mer Corporation

Fact.MR’s new report on the global rift sawn lumber market includes the most credible insights on the market dynamics. Being the most expensive and rarely sought after wood product, demand for rift sawn lumber remains under the influence of micro as well as macroeconomic factors.  

With the focus on changing economic scenario, growth of wood manufacturing and furniture industries, circular economy initiatives in furniture sector and evolving forestry legislation, the report forecasts growth of global rift sawn lumber market between the period 2018 and 2027. Based on this, the report delivers the most comprehensive insights of the market that are important to understand in making business decisions.

Rift Sawn Lumber: Cost-Intensive Though Sturdy

Sawmill usually produces mainly three types of lumbers namely plain sawn, quarter sawn, and rift sawn. Some lumber types might overlap different sawn types. Among these types, rift sawing process is the most time consuming and wasteful, making the lumber cost-intensive. However, rift sawn lumbers have straight and fleck-free grains making the wood attractive for luxury homemakers that prefer custom furniture construction with a modern yet attractive design. In addition, rift sawn lumber are also used in manufacturing of musical instruments, decorative panels, and flooring. 

Consistent Rise of the Luxury Real Estate Increasing Adoption

According to the U.S. Census Bureau and the Department of Housing and Urban Development, the numbers of new residential construction has increased steadily in past decade in the United States. Similarly, construction and engineering sector is steadily growing across the globe. With the increased investments in the real estate, luxury real estate sector is witnessing consistent demand. Rift sawn lumber, in particular, white oak rifts are preferred furniture wood in the luxury home furniture and flooring.

Rift Sawn lumbers of the white oak are famous for their aesthetics, resistance to decay, and stability. Due to a uniform grain appearance, rift white oak is primarily used for manufacturing furniture products such as moldings, stairs, floorings, and exteriors. In the dressing rooms and kitchen of luxury residence and constructions like a library, furniture is usually embellished with white oak rifts. Although sought after by limited end-users, the global market for rift sawn lumber is foreseen to remain steady. And the adoption of rift sawn lumber made from oak is likely to remain steady in the luxury real estate sector.

Steady Growth of the Furniture Sector to Fuel Demand

According to the UN Industrial Development Organization, globally, the manufacturers of wood products grew by 3.7% while the furniture manufacturing grew by 4% in 2017. This data represents rapidly rising economy and emerging markets and their impact on the steady growth of the furniture sector. The organization also reports gradual shift of the wood products demand from industrialized countries to developing countries. Urbanization and industrialization in the developing countries have led to their economic growth. Moreover, the world production of office furniture has increased significantly, particularly in Asia Pacific region, followed by North America and Europe.

Gradually shifting global economic scenario and increased disposable income have enabled more consumers to seek personalization and customization. As rift sawn lumbers are specifically preferred for customized furniture, with the increased purchase power, demand for rift sawn lumber is projected to remain steady during the forecast period.

Development of Engineered Wood Barricading Adoption

Engineered wood is manufactured by compressing wood or wood pieces, held by adhesives and covered in veneer or laminate. Compared to original hardwood products, engineered wood products are cost-effective, long lasting, as well as resistant to scratches and dents. Further, due to their affordable and durable nature, engineered plywood is gradually dominating the furniture sector. In addition, rising importance of green building construction and circular economy in the furniture sector, engineered wood is considered the most environmentally sustainable option.

Stated facts are thoroughly discussed in the report, providing an in-depth industry outlook which can assist the financial community in making business decisions.

According to statistics provided by Fact.MR, the global market for sawn timber is expected to witness significant growth during the period of assessment (2018-2027). Research report on global sawn timber market provides actionable intelligence on every aspect of the market along with the growth scenario of the market in the coming years based on past and present market conditions. The research also focuses on the various export and import scenario of sawn timber that are likely to impact the global sawn timber market growth. Moreover, it also covers analysis on key participants involved in the sawn timber market, such as Mourne Timber Solutions Ltd., Sokol Timer Company, Segezha Sawmills, Onega Sawmills, Sodra, Versowood, Kayusar Sdn Bhd and Shaffer Holz.

Strong Demand for Sawn Timber in Pallet Production to be Witnessed During the Period of Assessment

Sawn timber is widely used in production of pallets that are typically used in packaging applications. Sawn timber price has been reflecting a steady increase across European countries during the start of 2017 with increase in overall wood prices (in pallets, 70% to 75% of the production cost is associated with wood). With economic stability in Western Europe and France, global trade scenario is expected to gain pace consequently leading to increasing demand for sawn timber. This has positively influenced the upstream forestry as well as wood markets. The global market for pallets has been witnessing steady growth since past years. For instance, in 2017, French pallet market witnessed a 1% increase as compared to 2016. The increasing use of sawn timber in pallet production, coupled with growing pallet market is expected to support the growth of the sawn timber market during the period of forecast.

Moreover, with growth in the construction sector, the use of sawn timber is expected to further increase, as about 70 percent of timber is utilized in the construction industry, with main consumers being renovation and family homes. As compared to 2015 and 2016, the construction activities gained high steam in 2017 and is expected to further increase in the coming future. For example, in France, the overall construction production has increased by 3.6% in 2017 as compared to 2.4% in 2016. This industry is poised to auger potential growth opportunities for sawn timber market.

Increasing Exports of Sawn Timber to be Observed Across Regions

Growth in exports of sawn timber and associated products has been observed across key regions in the globe. This is expected to generate potential growth opportunities for participants involved in sawn timber market to tap new regions with a view to establish global foothold. For example, according to Russian Federal Customs Office statistics, the sawn timber exports from Russia grew in terms of volume and value during the start of 2018. During month of January and February, the country reflected a 2.43 Mn tons of sawn timber export, which represents a 3.6% increase as compared to the volume exported in 2017. With respect to value, the Russian sawn timber exports touched US$ 588.2 Mn, with a 21.1% increase in value as compared to 2017.

Likewise, sawn timber production and exports are booming in Japan, largely due to increasing demand from China owing to high inclination towards Japanese wood frame construction methods. In 2017, the export figures touched $288 million (32 billion yen), which is 30 percent higher than 2016 statistics. Tapping these regions is expected to promise significant growth in the sale of sawn timber market in the coming years.

With accurate and in-depth scrutiny of the global sawn timber market, the reader can gain a 360 degree outlook of the global market, the adoption of sawn timber market across applications such as pallet production and packaging, the value and volume of exports of sawn timber, the production analysis of sawn timber and the volume of sales generated since past years. Additionally, the research on sawn timber market provides weighted analysis on the factors that positively influence the global market’s growth along with restraints that challenge this growth, at a global level. The forecasts have been drawn for a period of nine years, from 2018 till 2027, portraying several facets of the sawn timber market that the reader can use to gain edge in the changing market dynamics.

Fact.MR, after analyzing the global market for quarter sawn flooring, has come up with a new research publication on global quarter sawn flooring market which includes a multitude of angles that have an influence on the adoption and sales of quarter sawn flooring, the analysis of which is systematically drafted in this research report. This research gives a thorough understanding on various market participants, their recent developments and innovations. A complete understanding of the competiveness of the global quarter sawn flooring market has been portrayed in this research report. Key participants in the global quarter sawn flooring market include Quarter-Sawn Flooring Inc., Kustom Floors LLC, Midwest Hardwood Corporation, Taylor Lumber and Stonewood Products.

Wooden flooring has gained high traction since past several years owing to its aesthetic features along with versatility and durability of its engineered equivalents. Wooden flooring is easy to maintain, and can be restored and styled according to one’s requirements – these factors continue to support the growing adoption of quarter sawn flooring.

Demand for Engineered Wood Flooring to Impact Sale of Quarter Sawn Flooring in the Coming Years

Engineered wood flooring is witnessing higher demand in the construction industry, owing to its various benefits. It offers high resistance against moisture owing to presence of additional layers wherein the grain is at 90 degree angle making it impossible for the wood to shrink or swell. In addition, on engineered flooring, different effects can be achieves via techniques such as sawing, planning, brushing and smoking.

Engineered hardwood for quarter sawn flooring is expected to witness increased adoption as ideal flooring material. Regulatory bodies have recommended the use of engineered wood flooring over solid wood. For instance, the US Department of Energy has recommended the use of engineered wood with a view to reduce wood shrinking or cracking owing to drying effects of heat. Also, the National Wood Flooring Association has recommended engineered quarter sawn flooring for radiant heating owing to its dimensional stability. Also, it has suggested the use American Cherry, North American Oak, and American Walnut as ideal wood species for engineered quarter sawn flooring. This is expected to positively influence the sale of quarter sawn flooring in the years to follow.

Increasing Demand for Wood Flooring, Especially in Developed Economies, to Significantly Contribute to the Sale of Quarter Sawn Flooring

Use of high quality wood for residential flooring has been observed in the developed economies such as US and Europe. Majority of people are opting for wood flooring for their row houses and apartments owing to its aesthetic appeal. For example, in Europe, the wood flooring sales increased by 1% in 2017 according to European Federation of the Parquet Industry. Wood flooring industry in this region witnessed a 1.6% growth in 2016. The slight decrease in this percentage is mainly due to a decline in purchases of wood flooring in Germany and in Switzerland. According to European Federation of the Parquet Industry, albeit this small decline, the wood flooring industry is expected to witness bright future in the coming years. Moreover, all other European countries reflected a steady rise in this industry. Poland, Belgium, Sweden and Netherlands witnessed significant growth with respect to adoption of wood flooring. This steady growth in demand for wood flooring coupled with increasing awareness regarding benefits associated with quarter sawing of wood for flooring purposes is expected to significantly fuel the sale of quarter sawn flooring in the coming years.

Additionally, per capita GDP of developed countries is high as compared to emerging economies. In 2016, the GDP per capita of US was US$ 54,000 which increased to US$ 59,495 in 2017. Likewise, in European countries, the GDP per capita across countries such as Germany, Switzerland, Austria, France and Russia, to name a few, has been steadily rising. People are willing to spend more on high quality quarter sawn flooring, which is typically highly priced as compared to plain or flat sawn flooring. This aspect is also anticipated to drive the adoption of quarter sawn flooring during the forecast period.

With this research, the reader can gain incisive market acumen on quarter sawn flooring at a global level. The global quarter sawn flooring market research report covers past data, current market position and future trajectory of the quarter sawn flooring market. The forecast period of nine years, starting from 2018 till 2027 is presented in this research study. The reader can gain high level insights on the volume and value projections of quarter sawn flooring across regions in the globe.

Industrial Automation and Manufacturing Sector: A Mainstay for the Precision Measuring Tools’ Market Growth

Driven by digitization and IoT & 5G implementation, the fourth industrial transformation is one of the prime drivers of the precision measuring tools market. Persistent growth of the global manufacturing sector is another driver encouraging manufacturers of the precision measuring tools to introduce innovative measuring solutions in the market. Further, to enhance the production quality, clients are seeking reliable yet cost-effective precision measuring tools. With the aim to maintain the quality control of the production, manufacturers of the precision measuring tools are consistently introducing efficient tools with CE marking. As precision measuring tools encompass a wide range of tools starting from micrometers to microscopes, the market for precision measuring tools is marked by consistent product launch and M&A business activities by leading stakeholders.

Ever-Evolving Test & Measurement Industry Drives the Precision Measuring Tools Market

In the era of automation and digitization, measurement devices are under pressing need to effectively communicate with the range of systems that function on multiple platforms. IoT, cloud technology, and 5G implementation are few of the important factors that contribute to enhancing the need for precision measuring tools. To accommodate such increased demand of precise measurements, the test and measurement industry is undergoing a significant transformation in terms of improved test measurements and increased tool longevity. In addition, manufacturers are adopting a uniform approach to design the precision measuring tools that can communicate with a wide variety of systems. This saves the resources as well as efforts of designing customized precision measuring tools for different platforms. Thus, with the growth of test and measurement industry, the market for precision measuring tools is likely to grow steadily during the review period.

Booming Manufacturing Sector to Encourage Precision Measuring Tools Market

According to the United Nations Industrial Development Organization (UNIDO), the growth of the world manufacturing output in 2017 across several world countries was observed to be steadily progressing, reporting 3.7% of growth in the first quarter of 2017 as compared to 2016. As manufacturing remains an important aspect of the economic development of both developing as well as advanced nations, the growth occurred amidst dynamic economic, political, and social scenarios worldwide. Precision measuring tools are highly utilized in the manufacturing sectors to meet the demand of quality control in finished goods. With the steady growth of the manufacturing sector, the precision measuring tools will be persistently utilized during the review period.

Industrial Automation Market worth US$ 352.02 billion to Present Lucrative Opportunities for Future Adoption of Precision Measuring Tools

With the implementation of advanced automation technologies, leading industry titans are undergoing the fourth industrial revolution. On account of this, the industrial automation market is expected to reach US$ 352.02 billion by the end of 2024, representing the steady expansion of the market. Industry professionals dealing with manufacturing and machining processes consistently present measurement queries and demand reliable as well as economic solutions. Following this, the manufacturers of the precision measuring tools are delivering customized precision measuring tools for specific measurement queries.

Product Innovations and Novel Technology Implementations: Prime influencers of the Precision Measuring Tools Market

With the application in a myriad of industries including healthcare, construction, aircraft, automobile, electronics, mining, and defense among others, manufacturers are introducing efficient precision measuring tools that deliver greater precision in measurement.

• Kistler, a leading provider of measurement solutions has introduced MicroDyn which is considered the world’s smallest series-produced cutting force meter.
• Quality Vision International (QVI®) recently launched a new precision optical instrument with advanced optics, thermal stability, and ease of use. The instrument is designed for the measurement of shafts and other cylindrical parts.

Along with the introduction of innovative products, manufacturers of the precision measuring tools are also implementing assisting software to enhance the operating experience of the end-users.

• Benz, the machine technology specialist has launched Industry 4.0-prepared application with Benz i.com, which is operated by a chip that scans, stores, and processes data to provide important information about the product health.
• FARO, a leader in 3D measurement and imaging solutions, has recently released the FARO^® As-Built™ software platform for all the FARO metrology products. The software is specifically designed to minimize the involved efforts and time that are required in creating the documentation and building design phases.

In addition to the above developments in the precision measuring tools market, manufacturers of the precision measuring tools are focusing on delivering compact and ergonomic tool design with optimized control for end-users. Moreover, these designs are made to comply with the CE marking that implies to reaching essential standards of the relevant European health, safety, and environmental protection legislation.