Global Industry Trends

When there is an increase in population, construction needs to be done to lodge them. APAC is the home to the two of the most populous nations of the world, and so the construction level is also high. Of the total 4.3 billion people living in the region, over 2 billion live in cities It is set to increase to 3.3 billion by 2050. Despite some setbacks during the pandemic, the region is still going strong. China is the leader when it comes to construction activities. Thus, the growing construction activities are driving the mobile cranes market around the world, particularly in APAC. Developmental Factors Propelling the Demand for Mobile Cranes As a result of the increasing purchasing power, rapid development, and efforts of the government for providing affordable housing, hefty investments in constructing hotels, offices, apartments, retail centers, and public infrastructure are poured. For example, in April 2020, the Indian government owed $212.8 billion for the construction of roads

The major drivers in the global 3D printing high-performance plastics market are skyrocketing demand for massive customization and the surging integration of 3D printing in numerous industries, such as automotive, defense, aviation, and aerospace. Moreover, the market will witness a robust compound annual growth rate in the coming years. The outbreak of COVID-19 had ruptured the entire circular economy and this market was no exception. Furthermore, it ruptured the entire logistical network leading to poor sales in the market. But the swift adoption of technologically advanced devices is assisting in the recovery of the market. Within the type segment, the polyamide category holds the biggest 3D printing high-performance plastics market share. This can be credited to its inherent properties in comparison to other categories: it offers shock aversion, rigidity, and stability. Because of all of this, there is a rising integration of this category in countless sectors including injection