The global Agricultural textiles market is projected to grow from USD 14.6 billion in 2021 and is projected to reach USD 19.0 billion by 2026, at a CAGR of 5.4%, between 2021 and 2026 period. The driving factor for the Agricultural textiles market is high growth in outdoor applications. Asia Pacific and the Middle East & Africa are the fastest-growing segments of the Agricultural textiles market for outdoor applications.
Construction is an industry that has weathered the storm over the past few years and now there are green shoots emerging. In states such as Ohio, commercial real estate prices have reached new highs and expansion is forecast across all areas of the sector. This includes growth trends in water supply, transportation and S&WD. Of course, there have been some more challenging trends too, including the labor shortages that have affected the construction sector nationwide, as well as the supply chain issues that many industries have struggled with. Another key trend is the growth in demand for skilled construction workers - job postings are up 43%, which means that the need for workers is currently higher than the supply. This is a trend that looks set to continue for some time, as there is a mismatch between the skill sets that many workers have available and the qualification levels required. Construction activity, especially in areas such as mining in locations like Ohio, looks set to continue to grow throughout the year.
New figures have revealed that a record number of insurance companies are planning to increase staff employment over the course of 2022. 72% are already looking to boost headcount this year, despite the major squeeze that already exists in the labor market. For many organizations in insurance, this is the most competitive labor market yet and there is huge competition for the brightest and best talent. This is thanks to the number of people retiring from the sector increasing at the same time as significant proliferation in job opportunities and openings, as well as the creation of brand-new roles. The main reason for companies seeking to boost headcount over 2022 is an anticipated increase in business volume over the coming 12 months - just 3% anticipate any staff reductions will be necessary. Interestingly, most insurers are planning to offer flexible working as standard as they seek to fill these new roles. 89% will offer a hybrid working model and 45% fully remote working options.
The bus seat market is expected to grow from USD 12.5 billion in 2022 to USD 16.3 billion by 2027, at a CAGR of 5.6%. Increasing demand for bus seats in electric buses are the key factors driving the growth of bus seat market.
According to MarketsandMarkets, the Non-dispersive Infrared (NDIR) Market is projected to grow from USD 0.7 billion in 2022 to USD 1.0 billion by 2027, at a CAGR of 6.0 % from 2022 to 2027. Major factors driving the growth of the NDIR market include the increasing demand for NDIR CO2 sensors in the food processing & storage industry and the high demand for gas sensors in critical industries.
The global home security systems market size is expected to grow from USD 56.9 Billion in 2022 to USD 84.4 Billion by 2027, at a CAGR of 8.2% during the forecast period. The growth of the home security systems market is driven by factors such as growing awareness regarding home security systems and the emergence of the Internet of Things (IoT) and wireless technologies.
The radiation hardened electronics market is expected to grow from USD 1.5 billion in 2022 to USD 1.8 billion by 2027, at a CAGR of 4.0% during the forecast period. Rising intelligence, surveillance, and reconnaissance (ISR) activities is expected to positively influence the growth opportunities for radiation-hardened electronics market.
Plant-based Meat Market by Source (Soy, Wheat, Pea, & Other Sources), Product (Burger Patties, Strips & Nuggets, Sausages, Meatballs, & Other Products), Type (Beef, Chicken, Pork, Fish, & Other Types), Process, and Region - Global Forecast to 2025
Industrial Vehicles Market in terms of Vehicle Type, Drive Type (ICE, Battery-operated, Gas-powered), Application, Capacity, Level of Autonomy, Aerial Work Platform (Boom Lifts, Scissor Lifts) and Region
Renewable energy is a thriving market and all the signs indicate that the next few years are going to be incredibly positive for the sector globally. Take Japan, for example, where the market for renewable energy is forecast to achieve a CAGR of 11.2% between 2022 and 2027. Japan does face some challenges when it comes to renewable energy, not least a lack of grid infrastructure in many rural areas that could restrict the size of the market. However, there are many opportunities too, particularly as the impact of the pandemic begins to lift. Governmental policies tend to be supportive towards renewable energy in Japan and there are incentives and tax breaks for people who install solar panels, for example. Plus, increasing awareness of environmental issues is having a big impact on how pressing the need for more renewable energy provision has become. As a result, the growth forecasts for the next five years are impressive.