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The spraying & plastering machine market is registering a CAGR of 6.1% from 2021 to 2030
PORTLAND, OREGON, UNITED STATES, November 22, 2023 /EINPresswire / -- The spraying & plastering machine market size was valued at $2,510.6 million in 2020, and is expected to reach $4,515.5 million by 2030, registering a CAGR of 6.1% from 2021 to 2030
The Spraying & Plastering Machine Market are used in the construction industry to minimize the construction time and to offer an automated solution for spraying concrete on walls and plastering walls to enhance them and make them look beautiful. The spraying & plastering machine market is mainly driven by factors such as increase in government expenditures for infrastructural development, such as improvement of tunnels, mining operations, and other construction activities has been expected to increase.
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Top Leading Companies: Zhengzhou Sincola Machinery Co., Ltd., Schwing Stetter Group, Filamos s.r.o., Normet, Titan Ltd, ACME Equipment Pte Ltd., IMER International SpA, Sika AG, Sany Group (Putzmeister), Kappa Building Machines Pvt. Ltd.
The traditional methods of manual plastering and spraying have long been replaced by automated solutions. Spraying & Plastering Machines have evolved from basic models to sophisticated, computer-controlled systems that offer precise application, reduced material wastage, and increased speed of operation. This evolution has been pivotal in meeting the demands of modern construction projects that require efficiency, accuracy, and cost-effectiveness.
Thus, rapid urbanization and industrialization in developing countries have given rise to construction activities. In addition, development in manufacturing technology for construction activities is one of the major driving factors of the market, which ultimately saves construction time and delivers better results. Moreover, lack of skilled labor in developed countries is a major problem, which is easily tackled by using spraying & plastering machines. However, spraying & plastering machines are construction equipment that are expensive compared to labor cost in countries such as India and Brazil.
The global construction industry is witnessing a surge in activities, driven by urbanization, infrastructure development, and the need for sustainable building solutions. This has directly contributed to the growing demand for Spraying & Plastering Machines. Ongoing technological advancements, including the integration of artificial intelligence, robotics, and IoT (Internet of Things), have propelled the capabilities of Spraying & Plastering Machines. Smart machines equipped with sensors and data analytics provide real-time monitoring and control, optimizing the plastering process.
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Moreover, use of alternative eco-friendly material instead of concrete has led to a decrease in demand for spraying & plastering machines in the market. Furthermore, outbreak of the COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the spraying & plastering machine market. However, this situation is expected to improve as the government has started relaxing norms around the world for resuming business activities.
With an increasing emphasis on sustainable construction practices, Spraying & Plastering Machines are designed to minimize material wastage and reduce the environmental impact of construction projects. Manufacturers are incorporating eco-friendly features to align with global sustainability goals. The Spraying & Plastering Machine market is poised for global expansion, with emerging economies increasingly adopting automated construction technologies.
The Spraying & Plastering Machine market stands at the forefront of innovation in the construction industry. As technology continues to advance, these machines will play a pivotal role in shaping the future of construction, offering efficient, sustainable, and cost-effective solutions. As the market continues to evolve, stakeholders must stay abreast of emerging trends and embrace the transformative potential of Spraying & Plastering Machines in building the cities of tomorrow.
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