AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Plastic Trunking market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Plastic Trunking market to grow at a CAGR of %.
The Technology, such as Self-Adhesive, is boosting the Plastic Trunking market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Sales Channel, such as Online, is boosting the Plastic Trunking market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Plastic Trunking market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Rising Electrification Across Residential, Commercial, and Industrial Sectors and Rising Urbanisation Across Emerging Countries. †
Facilitating systematic wiring, the use of plastic trunking also helps in enhancing aesthetics and clarity, allows faster connections and avoids issues related to bunching & taping as well as provides for complete electrical insulation support across different applications. The global plastic trunking market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising electrification across different industries such as residential, commercial, & industrial and increasing urbanization across emerging countries are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Plastic Trunking market by Type (Mini Trunking and Maxi Trunking), by Application (Residential, Commercial and Industrial) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market