Plumb Bob Market To Grow With Technological Advancement During the Forecast Period
Increasing constructions are driving the growth in Global
Plumb Bob Market in the forecast period, 2022-2026.
According
to TechSci Research report, “Plumb Bob Market - Global Industry Size,
Share, Trends, Opportunity and Forecast, 2016-2026” The
global plumb bob market would potentially project an impressive growth in the
forecast period, 2022-2026, with an impressive CAGR on the account of rapidly
surging demands from the construction industry.
The
rapidly increasing demands from the infrastructure construction like that of modern
buildings and high-rise infrastructure development is driving the growth of the
global plumb bob market in the upcoming five years. Extended research and
innovative product launches of the technological advanced devices and equipment
might hinder mildly with the growth of the global plumb bob market in the next
five years. Government policies, and strict regulations toward utilization of
precision measuring hand tools and equipment to support long lasting
infrastructure construction is also aiding the growth of the global plumb bob
market in the future five years.
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The
global plumb bob market is segmented on the basis of type, application,
competitional landscape, and regional distribution. Based on type, the market
is further fragmented into brass plumb bob, and steel plumb bob.
Brass plumb bob is expected to register largest revenue shares of the market
and dominate the market segment in the upcoming five years on the account of its
advantages. The brass plumb bob has a solid-brass construction for durability
and rust resistance with a replaceable, long-lasting hardened steel tip. The
polished lacquer adds to its durability and further supports the growth of the
sub-segment. It has replaceable, hardened steel tip of the plumb bob with long
lasting string. The screw top simplifies attaching string to center of plumb
and easier tightening of the string such that usage of the product becomes
easier and efficient.
Based
on end user, the market is segmented into residential, industrial, commercial. Residential
applications of plumb bob are expected to register largest revenue shares and
assert its dominance over the market in the upcoming five years. Increasing
demand for the residential complexes and houses along with the increasing
number of high rise buildings is anticipated to drive the growth of the global
plumb bob market along with the growth of the sub-segment in the upcoming five
years. Also, industrial applications for the installation of multiple doors and
aesthetic looks for the corporate office complexes is expected to support the
growth of the sub-segment and growth of the global plumb bob market in the next
five years.
Key
market players in the plumb bob market include:
- Starrett
- Myzox
Co., Ltd.
- ABM
Tools
- DK
tools Limited
- Hoffman
Group
- Kara
Company, Inc.
- Arm-Tex
- SECO
Manufacturing Co.
- Metrol
Tools
- Robinson
Manufacturing Company
Starrett
Company is an American manufacturer that is focused on production of tools and
instruments used by machinists, tool and die makers, and the construction
industry. The company is one of the largest manufacturers of precision
measuring tools like plumb bobs. They are recently launching innovative and
technologically advanced products that is further promoting their brand values.
Kara Company Inc. is the leading manufacturer in the Midwest with 40 years of
experience in providing tools, equipment and services for the construction industry
and is expected to further aid in futuristic growth of the market.
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“Asia Pacific region is anticipated to
hold the largest revenue shares of the market and dominate the segment in the
upcoming five years on the account of rapidly increasing construction in the
countries like India and China. Increasing population of both the countries is
further expected to aid the growth of the market. China is the world’s largest
population holding country and India is right after in its population count.
Increasing demand for housing the increasing population through government
initiatives and private infrastructure construction companies is also
supporting the market growth. New market players may focus on studying the
consumer demands and extended research along with the smart product launches
thus aiding their brand establishment. Europe is expected to register
significant growth due to increasing construction as well as demand for
maintenance of the historic monuments. Although, technological advancement in
the construction equipment may influence the growth of the global plumb bob market
in the upcoming five years,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based Global management consulting firm.
“Global Plumb Bob Market
- Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented
By Type (Brass Plumb Bob, Steel Plumb Bob), By Application (Vertical Alignment
of Walls, Doorjamb, Lining up Points, Wallpapering), By Part (Pointed End,
Weight, Hole for String, String), By End User (Residential, Commercial,
Industrial), By Region”, has evaluated the future
growth potential of global plumb bob and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in global
plumb bob market.
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