Market Size – USD 31.3 billion in 2018, Market Growth – CAGR of 4.2%, Market Trends – Increased adoption across various applications
The global Stabilization Machine Market is expected to reach USD 32.32 billion by 2026, according to a new report by Reports and Data. The launch of advanced stabilization machines in the region and strong global presence of global as well as local players in the region is propelling the market growth.
Increasing expenditure on infrastructure is stimulated to drive the demand for stabilization machines. Over the last decade, there has been a significant need to increase investment on infrastructure in developing as well as developed countries. There has been a continuous gap between the current infrastructure investment and the amount that needs to be invested in catering growing needs. Countries have been trying to bring about an increase in investment on transportation which mainly includes investment on roadways, new buildings and construction and extension of existing construction.
Europe is expected to be a key revenue generating region in the forecast period. The market is projected to grow at a CAGR of 3.2% in the forecast period. Factors such as presence of large number of market players of stabilization machine in the region coupled with high awareness about advanced construction/maintenance technologies is anticipated to drive demand. Additionally, key regulatory bodies supporting the adoption of environmental friendly techniques in the region, and availability of funds for the stabilization technology applications are expected to support the growth of European stabilization machine market
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented global automotive fabric on the basis of product type, additive, end-use and region
Product Type Outlook (Revenue, USD Billion, 2018-2026)
Additive Outlook (Revenue, USD Billion, 2018-2026)
End-use Outlook (Revenue, USD Million, 2015-2026)
Regional Outlook (Revenue, USD Billion, 2018-2026)
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