Building And Construction
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HVAC Filters market is likely to witness a CAGR of 5.5% during the forecast period. The prime factors that are driving the HVAC filters market are increasing demand for HVAC systems, stringent government regulations for efficient filtration, growing awareness about indoor air quality, expanding construction sector, and technological advancements in the HVAC filters.
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Aerial work platform market is likely to witness an impressive CAGR of 5.8% during the forecast period. The major factors contributing towards the growth of the aerial work platform market are increasing investments in real-estate sector, increasing government investment in the private sector, and growing infrastructure development, especially in the Asia-Pacific region.
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Pipe Insulation Market is likely to witness a moderate CAGR of 3.4% during the forecast period. The prime factor that is contributing to the demand for pipe insulation is growing production of oil in countries such as the US, Saudi Arabia, Iran, and Russia, along with the presence of stringent regulations to insulate pipelines.
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Forklift Truck Market is likely to witness an impressive CAGR of 8.5% during the forecast period. One of the major factors driving the market growth is the growing construction industry, accompanied by rapid industrialization. Forklift trucks are highly cost-effective, user-friendly, powerful, and simple to maintain. Consequentially, they are widely used for a variety of industrial tasks as well as the handling of heavy construction materials such as steel, wood and mortar.
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Exterior Wall System Market is likely to witness an impressive CAGR of 7.3% during the forecast period. Major factors such as increasing commercial infrastructure in the Asia-Pacific region, rising per capita expenditure for residential infrastructure, and growing replacement of aging infrastructure are likely to drive the market during the forecast period.
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3D printing construction market is likely to witness a magnificent CAGR of 239.8% during the forecast period. The growing demand for 3D printing construction is mainly due to its various advantages such as less construction time, cost-effectiveness, flexibility, less occurrence of error and great precision.