Lucintel's latest market report analyzed that spray foam equipment provides attractive opportunities in the building and construction, transportation, and other industries. The spray foam equipment market is expected to grow at a CAGR of 3.4%. In this market, hydraulic is the largest segment by technology, whereas building and construction is largest by end use industry. The integration of IOT technology to track the equipment status and advancement in control module and electronics provides strategic growth path in this market.
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Based on technology, the
spray foam equipment market is segmented into air, electric, and hydraulic. The
hydraulic segment is accounted for the largest share of the market in 2020
and is expected to
register the highest CAGR during the forecast period due to its high
performance and durability compared with other machine and it provides high
output and allows operators to apply material faster and more efficiently.
Browse in-depth TOC on “Spray
Foam Equipment Market”
112 – Tables
137 – Figures
198 – Pages
The spray foam equipment
market is marked by the presence of several big and small players. Some of the
prominent players offering spray foam equipment include Graco, Polyurethane
Machinery Corporation, Titan tool, Hi-Tec Spray Equipment, and Pusmak Machinery.
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Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
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Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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