The global mining equipment market is expected to reach US$125.7 billion in 2025, growing at a CAGR of 5%, during 2021-2025. Factors such as increasing coal consumption in China, rising copper production from underground, growing sales of mineral fertilizers, rising demand for cobalt batteries and increasing use of electric machinery in underground mining would drive the growth of the market. H ..
The global clear aligner market value is anticipated to reach US$4.66 billion in 2025, growing at a CAGR of 14.2% for the period spanning 2021-2025. The brand of aligners chosen, length of treatment required and how many aligners are needed determine the cost of treatment. Many companies provide a “payment plan” option, which allows patients to pay a deposit up-front with smaller monthly pa ..
Europe used car market is predicted to reach US$960.98 billion in 2025, progressing at a CAGR of 5.27% over the period 2021-2025. Factors such as growing population, increasing car ownership, expanding urbanization, mounting penetration of internet and high depreciation rate of new cars would drive the growth of the market. However, the market growth would be challenged by fluctuating prices of ..
The global smart city market is anticipated to reach US$2.51 trillion in 2025, experiencing growth at a CAGR of 20.51% during the period spanning from 2021 to 2025. Growth in the market was supported by factors such as increasing technology spending on smart city initiatives, rising global urbanization and surging infrastructural investment. Growing adoption of artificial intelligence is likely ..
The global contact lens market is forecasted to reach US$11.02 billion in 2025, growing at a CAGR of 7% for the period spanning 2021-2025. The factors such as increasing spending on eyewear products by population, rising prevalence of myopia, rapid urbanization and improving consumer confidence index are expected to drive the market. However, growth of the industry would be challenged by growth ..
The European steel market is expected to reach US$107.5 billion in 2025, at a negative CAGR of 3.03%, for the duration spanning 2021-2025. The factors such as growth in automotive production, rising use of major home appliances, Upsurge in construction & heavy equipment sales, accelerating demand for finished steel products. and rapid urbanization would generate the market value. However, r ..
The global crane market is forecasted to record a value of US$41.39 billion in 2025, progressing at a CAGR of 5.24% during the period spanning 2021-2025. The factors such as increasing investment in construction and infrastructure, rising demand in metallurgical industries, escalating preference of rental services, upsurge in e-commerce sector, rapid expansion of aerospace industry and expandin ..
The North America wood products market is forecasted to reach US$229.27 billion by 2025, witnessing growth at a CAGR of 6.75%, over the period 2021-2025. The factors such as growing population, escalating new residential construction, high availability of forest reserves, surging demand for wooden furniture in offices and rising inclination of population towards home repair and remodeling would ..
The global breast biopsy market is forecasted to reach US$1.66 billion in 2025, experiencing growth at a CAGR of 8.68% during the period spanning from 2021 to 2025. Growth in the global breast biopsy market was supported by factors such as increasing prevalence of breast cancer and rising female population aged 65 or above. Growing adoption of liquid biopsy is likely to have a positive impact o ..
US digital insurance market revenues are forecasted to touch US$23.92 billion in 2025, growing at a CAGR of 20.7% for the period spanning from 2021 to 2025.
Factors such as rapid urbanization, growing smartphone users, rising healthcare expenditure and improving consumer confidence index are expected to drive the market growth. However, growth of the industry would be challenged by surge ..