Services Industry Overview

The security and vulnerability management market consists of sales of security and vulnerability management software and services by entities (organizations, proprietors, partnerships) that are used in evaluating, identifying, and reporting on security vulnerabilities systems. Security and vulnerability management is used to check the software with vulnerabilities and to regularly discover new vulnerabilities over time. Security and vulnerability management are used in organizations to manage risks, identify threats, and secure the software. The main components of security and vulnerability management are software and services. Services involving security and vulnerability management are used to identify, prioritize, evaluate the vulnerabilities and help organizations with effective vulnerability management. The various organization sizes include small and medium scale and large scale and involve various targets such as content management system vulnerabilities, API vulnerabilities, internet of things (IoT) vulnerabilities, and others. These are used in several applications including banking, financial services and insurance (BFSI), government and defense, healthcare, IT and telecom, retail, and others. The global security and vulnerability management market size is expected to grow from $12.05 billion in 2021 to $13.50 billion in 2022 at a compound annual growth rate (CAGR) of 12.1%. The global security and vulnerability management market is expected to reach $18.32 billion in 2026 at a CAGR of 7.9%. The rise in the adoption of security and vulnerability assessment and management tools is expected to drive the growth of the security and vulnerability management market going forward. Security and vulnerability management tools aid in the assessment, identification, and reporting of security flaws. A large number of firms are utilizing security and vulnerability assessment and management technologies to minimize security issues. For example, in October 2021, Synk, a US-based security company operating in security and vulnerability management has broadened its portfolio with Snyk Code, a static application security testing (SAST) tool that already supports Java, JavaScript, and Python, now it includes support for C#, Ruby, PHP, and Go. In the last 12 months, Snyk clients and customers have run more than 300 million tests, fixing more than 30 million vulnerabilities in a 90-day timeframe. Snyk also announced that its annual recurring income (ARR) has climbed by 154 percent year over year, owing to a customer base that currently includes over 1,200 companies such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut, and Salesforce. Therefore, the rise in the adoption of security and vulnerability assessment and management tools is driving the security and vulnerability management market. Technological advancements have emerged as a key trend gaining popularity in the security and vulnerability market. Major companies operating in the security and vulnerability management sector are focused on developing innovative products and applications to strengthen their position. For example, in November 2019, Qualys Inc., a US-based IT security company that operates in cloud-based security and vulnerability management launched Vulnerability Management, Detection and Response (VMDR) app that helps customers to scan, prioritize, investigate, and neutralize threats in real-time. VMDR prioritizes remediation using machine learning technology provides built-in orchestration workflows, and context awareness, and allows one-click remediation with full audit tracking. In June 2021, Cisco, a US-based company operating in security and vulnerability management acquired Kenna Security for an undisclosed amount. Through this acquisition, Cisco clients will be able to tackle important security posture concerns by collaborating cross-functionally to swiftly automate cybersecurity threat prediction, prioritization, identification, and remediation. Cisco will be able to lower the attack surface as well as the time it takes to detect and respond to security threats. Kenna security Inc. is a US-based company that manufactures risk-based vulnerability management software for vulnerability management. Major players in the security and vulnerability management market are IBM, McAfee, Broadcom Inc., Qualys Inc., Dell, Acunetix, AT&T, Balbix, Breachlock Inc., Brinqa, Claroty, Digital Defense Inc., F-Secure Corporation, Holm Security, Rapid7, Positive Technologies, RiskIQ, and Netiq Corporation. Noth America was the largest region in the security and vulnerability management market in 2021. Asia Pacific is expected to be the fastest growing region in the global security and vulnerability management market during the forecast period. The regions covered in the global security and vulnerability management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the security and vulnerability management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global security and vulnerability management market is segmented - 1) By Component: Software, Services 2) By Organization Size: Small and Medium Scale, Large Scale 3) By Target: Content Management System Vulnerabilities, API Vulnerabilities, Internet of Things (IoT) Vulnerabilities, Other Targets 4) By Application: Banking, Financial Services And Insurance (BFSI), Government and Defense, Healthcare, IT and Telecom, Retail, Other Applications

The automotive engineering services market consists of sales of automotive engineering services by entities (organizations, sole traders, and partnerships) that include mechanical, electrical, software, safety, and electronics engineering for the designing of automotives. Automotive engineering services optimise the manufacturing process to improve the overall operational efficiency of the vehicle. Automotive engineering services offer advanced and innovative features in comfort, infotainment, and safety through the integration of advanced electronics into vehicles. The main vehicle types covered by automotive engineering services include passenger cars and commercial vehicles. Passenger cars are designed and manufactured for carrying passengers and have fewer than eight seats, excluding the driver’s seat. The different automotive engineering service types include concept/research, designing, prototyping, system integration and testing. Automotive engineering services are located on-shore and off-shore for different applications such as electrical, electronics, and body controls, ADAS and safety, chassis, connectivity services, powertrain and exhaust, interior, exterior, and body engineering and simulation. The global automotive engineering services market size is expected to grow from $199.0 billion in 2021 to $220.9 billion in 2022 at a compound annual growth rate (CAGR) of 10.96%. The growth in the market is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global automotive engineering service market size is expected to reach $336.0 billion in 2026 at a CAGR of 11.06%. The rising demand for emission-less transportation is expected to propel the growth of the automotive engineering services market. The usage of fossil fuels like diesel and gasoline releases greenhouse gases such as carbon dioxide, methane, hydrofluorocarbons, and nitrous oxide into the atmosphere, resulting in changes to the climate and thus increasing demand for emission-less transport mediums such as electric vehicles. For instance, in 2021, electric car sales doubled to 6.6 million from 3 million in 2020. The rising demand for emission-less transportation lowers fossil fuel consumption and reduces greenhouse gas emissions. The demand for emission-less transportation coupled with increased awareness of emission-less transportation is expected to propel the automotive engineering services market. The use of artificial intelligence (AI) in automotive engineering is a key trend gaining popularity. Helpful AI algorithms and controllers assist in providing a realistic driving-range estimation and optimising energy conservation in electric vehicles, ultimately assisting in the addition of additional driving range.Artificial intelligence is also at the core of self-driving cars, which are becoming increasingly popular in the automotive industry. For instance, in 2021, US-based automobile manufacturer Ford collaborated with Google to leverage AI to improve customer experiences, accelerate the modernization of product development, enhance manufacturing and supply chain management, and fast track the implementation of data-driven business models. In October 2020, Mutares SE & Co. KGaA., a Germany-based holding company, announced the acquisition of Valmet Automotive Group’s engineering services business for an undisclosed amount. Through this acquisition, Mutares SE & Co. KGaA gains access to the robust automotive engineering services portfolio of Valmet Automotive Group for the automotive industry and serves both major OEMs as well as Tier 1 suppliers. Valmet Automotive is a Finland-based vehicle contract manufacturer. Major players in the automotive engineering services market are Capgemini Se, IAV GmbH, Tech Mahindra Limited, AKKA Technologies, Bertrandt AG, Harman International Industries, Inc, Alten Cresttek, L & T Technology Services, Fev Europe Gmbh, Akka Technologies, AVL, FEV, Ricardo, EDAG Engineering GmbH, Valmet Automotive, Onward Technologies Ltd, T-NET Japan Co., Ltd, Kistler Group, Continental AG, Semcon, and Robert Bosch GmbH. Asia-Pacific was the largest region in the automotive engineering services market in 2021. The regions covered in the global automotive engineering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive engineering services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global automotive engineering services market is segmented - 1) By Vehicle Type: Passenger Cars, Commercial Vehicles 2) By Service Type: Concept/Research, Designing, Prototyping, System Integration, Testing 3) By Location Type: On-Shore, Off-Shore 4) By Application: Electrical, Electronics and Body Controls, ADAS and Safety, Chassis, Connectivity Services, Powertrain and Exhaust, Interior, Exterior, and Body Engineering, Simulation

The warehouse management system market consists of sales of warehouse management services by entities (organizations, sole traders and partnerships) which are used by companies to manage and control daily warehouse operations, from the moment goods and materials enter a distribution or fulfilment centre until the moment they leave. Warehouse management systems include inbound logistics and outbound logistics tools for picking and packing processes, resource utilization, analytics, and others. The main warehouse management system offerings include software and services. Warehouse management system software are used to control and manage daily warehouse operations. The warehouse management system software helps in managing and controlling regular warehouse operations. It directs inventory in managing, picking, and shipping of orders, and guides the system automatically on picking and shipping items. The different warehouse management system deployment modes include on premises and cloud. The warehouse management system functions include labor management system, analytics and optimization, billing and yard management and systems integration and maintenance, which are used for applications in transportation and logistics, healthcare, retail, manufacturing, food and beverage and other applications. The global warehouse management system market size is expected to grow from $2.39 billion in 2021 to $2.74 billion in 2022 at a compound annual growth rate (CAGR) of 14.77%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global warehouse management market size is expected to reach $4.83 billion in 2026 at a CAGR of 15.15%. Increasing demand from e-commerce companies for larger warehouses with better tracking and forecasting is expected to drive the warehouse management system market. The growing e-commerce industry requires continuous tracking of all the equipment and inventory forecasting to keep up the demand and maintain larger cargo movement. For instance, a study from a research firm Knight Frank reported that the annual warehousing transactions in India are expected to increase from 31.7 million square feet in 2021 to 76.2 million square feet in 2026. Therefore, increasing demand from e-commerce companies is expected to boost the market during forecast period. Technological advancement is a key trend gaining popularity in the warehouse management system market. Technological advancement is a discovery of knowledge that advances technology. For instance, in May 2020, a US-based provider of technology solutions for distribution centers launched the Manhattan Active Warehouse Management solution, which marks the world’s first cloud-native enterprise-class warehouse management system (WMS). The new warehouse management system unifies every aspect of distribution and contains unified control, which allows management team members to quickly visualize, diagnose and take action anywhere in their supply chain. In September 2021, 3PL Central, a US-based leader in cloud-based warehouse management systems (WMS) acquired Scout Software and Skubana for an undisclosed amount. Through this acquisition, 3PL Central is expected to solidify its leadership of the cloud warehouse management category by offering industry-leading solutions for both third party-logistics and private company-operated warehouses. Scout Software is a US-based developer of a SaaS RFP and sourcing platform that provides a warehouse management system. Skubana is a US-based commerce operations platform powering fulfillment, inventory, and business intelligence for multi-channel retailers. Major players in the warehouse management system market are Manhattan Associates, Oracle Corp., Infor, PTC, SAP SE, PSI Logistics GmbH, IBM Corp., Tecsys, Blue Yonder, Honeywell International Inc, Technology Solutions (UK) Ltd, HighJump Software, Synergy Ltd, Made4net and JDA Software Group Inc. North America was the largest region in the warehouse management system market in 2021. Asia Pacific is expected to be the fastest-growing region in the global warehouse management system market during the forecast period. The regions covered in the global warehouse management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the warehouse management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global warehouse management system market is segmented - 1) By Offering: Software, Services 2) By Deployment: On Premises, Cloud 3) By Function: Labor Management System, Analytics and Optimization, Billing and Yard Management, Systems Integration and Maintenance 4) By Application: Transportation and Logistics, Healthcare, Retail, Manufacturing, Food and Beverage, Others

The nutritional analysis market consists of sales of nutritional analysis products and services by entities (organizations, sole traders, and partnerships) that are used to determine the nutritional content of foods and food products. Nutritional analysis is used to analyze the nutritional content present in the food products and understand the chemical composition, processing, quality control and contamination of food. The nutritional information includes a range of information such as calories, vitamins and minerals, thus allowing consumers to make informed purchases. The main nutritional analysis parameters include vitamin profile, mineral profile, total dietary fiber, fat profile, sugar profile, calories, cholesterol, moisture and other parameters. The vitamin profile is used to monitor and analysed the levels of vitamins in different food products. The different nutritional analysis product types include beverages, snacks, bakery and confectionery, meat and poultry, sauces, dressings, and condiments, dairy and desserts, fruits and vegetables, edible fats and oils, baby foods and other product types. The objectives of nutritional analysis are new product development, product labeling and regulatory compliance. The global nutritional analysis market size is expected to grow from $4.93 billion in 2021 to $5.30 billion in 2022 at a compound annual growth rate (CAGR) of 7.67%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global nutritional analysis market size is expected to reach $7.22 billion in 2026 at a CAGR of 7.94%. The increasing consumer awareness and change in preference for consuming healthy food is expected to propel the growth of the nutritional analysis market. Nutritional analysis helps to understand the chemical composition, processing, quality control and contamination of food, thus ensuring good and healthy intake of food. A healthy diet helps to protect against malnutrition in all its forms and also protects against non-communicable diseases (NCDs), including heart disease, diabetes, stroke, and cancer. For instance, according to the International Food Information Council's (IFIC) 2020 food and health survey, Americans have a strong interest in becoming more health-conscious, with 43% following a specific diet or eating pattern in 2020, up 38% from 2019. Therefore, the increasing consumer awareness and change in preference for consuming healthy food are driving the growth of the nutritional analysis market. Technological advancements is a key trend gaining popularity in the nutritional analysis market. Stakeholders in the market are focusing on developing equipment and platforms which enable better tracking and analysis of nutritional content. For instance, in 2020, the Sanku-Project Healthy Children developed a dosifier technology to enable small flour mills in East Africa to fortify flour with the precise amount of nutrients. The dosifier managed and adds essential nutrients during the flour milling process. The technology is capable to give precise amounts of nutrients to each bag of flour, with reduced costs. The addition of cellular connectivity enables real time information on maintenance, machine tracking, nutrient contents, and performance. In July 2021, US based private equity firm, Warburg Pincus acquired Food Safety Net Services for an undisclosed amount. Through this acquisition, Warburg consolidates its position as a leading North American platform provider of testing and regulatory consulting services. Food Safety Net Services is a US based biotechnology firm providing microbiological and chemical analysis. Major players in the nutritional analysis market are SGS SA, Intertek Group plc, Eurofins Scientific, Bureau Veritas, ALS Limited, Mérieux NutriSciences Corporation, Thermo Fisher Scientific Inc., AsureQuality services, TÜV NORD GROUP, Dairy Technical Services Limited, QIAGEN, Covance., AWTA Ltd, Microbac Laboratories, Inc., Food Lab, Inc., NutriData, MenuSano, Nutritional Information Solutions, Nettnutrition, Food Consulting Company, Gujarat Laboratories and Opal Research and Analytical Services North America was the largest region in the nutritional analysis market in 2021. The Asia Pacific is expected to be the fastest-growing region in the global nutritional analysis market during the forecast period. The regions covered in the global nutritional analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the nutritional analysis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global nutritional analysis market is segmented - 1) By Parameter: Vitamin Profile, Mineral Profile, Total Dietary Fiber, Fat Profile, Sugar Profile, Calories, Cholesterol, Moisture, Others 2) By Product Type: Beverages, Snacks, Bakery and Confectionery, Meat and Poultry, Sauces, Dressings, and Condiments, Dairy and Desserts, Fruits and Vegetables, Edible Fats and Oils, Baby Foods, Others 3) By Objective: New Product Development, Product Labeling, Regulatory Compliance

The managed services market consists of sales of managed services by entities (organizations, sole traders, and partnerships) that allow the end-users to focus on using a service rather than setting up the service. Managed services are provided by managed service providers that assist businesses in IT infrastructure and tasks, communication and collaboration, regular maintenance, management, and support of IT functions and processes on regular basis. Managed services are cost-effective, provide more capability to company end-users, allow teams to focus on business core competencies, and allow in-house IT to focus on more strategic IT programs. The main types of services in managed services are managed security services, managed network services, managed data center and IT infrastructure services, managed communication, and collaboration services, managed mobility services, managed information services, and others. Managed security services are used to provide maintenance, audits, and security governance to enterprises. The different deployment modes include cloud, on-premises, and involve various organization sizes such as large enterprises, small and medium-sized enterprises (SMEs). It is implemented in several sectors including BFSI, IT and telecom, retail and consumer goods, manufacturing, government, healthcare and life sciences, energy and utilities, and media and entertainment, among others. The global managed services market size is expected to grow from $235.7 billion in 2021 to $266.97 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The global managed service market size is expected to grow to $418.64 billion in 2026 at a CAGR of 11.9%. The rise in demand for secure IT infrastructure is contributing to the growth of the managed services market. IT infrastructure refers to the collection of components required for the management and operation of information technology businesses. A managed service provider (MSP) provides network, application, infrastructure, and security services to clients through continuous and frequent support and active management on their facilities, in their MSP's data center (hosting), or a third-party data center. IT firms are making many organizational changes to safeguard their IT technology assets, save money, and implement next-generation infrastructure technology and hybrid-cloud models. Key players in the market are focusing to launch solutions for securing IT infrastructure. For instance, in April 2020, Accurics, Inc., a US-based cloud infrastructure security company had launched a cloud infrastructure security ubiquitous that delivers and manages complexity, consistency, and drift. Therefore, the rise in demand for secure IT infrastructure is driving the managed services market. The integration of the latest technologies in existing and new business infrastructures has emerged as a key trend in the managed services market. Major companies operating in the managed services sector are focused on integrating new technologies in their businesses to strengthen their position. For instance, in October 2021, Zylo, a US-based SaaS management platform launched Zylo Managed Services. With Zylo Managed Services, businesses can hire skilled consultants to set up best-in-class SaaS management processes rapidly, freeing up IT and procurement employees. Zylo offers two Managed Services packages including Zylo SaaS Manager and Zylo SaaS Negotiator. Zylo SaaS Manager offers skilled SaaS management consultants to aid organizations to establish and manage internal business systems and procedures of record for their SaaS products. Zylo SaaS Negotiator offers a skilled SaaS Negotiator to handle all aspects of the SaaS contract and commercial discussions. In January 2021, IBM, a US-based computer hardware company acquired Taos Mountain Inc. for an undisclosed amount. Through this acquisition, IBM intends to enter into the cloud professional services market and expand its position in North America. Taos Mountain Inc. is a US-based company that provides cloud-managed services. Major players in the managed services market are IBM, Fujitsu Global, Accenture, Atos SE, Cisco, DXC Technology Company, Tata Consultancy Services Limited, Rackspace Technology, AT&T, Verizon, Dimension Data, Infosys, HCL Technologies, Ericsson, GTT Communications, NTT Data Inc., Happiest Minds, Huawei Technologies Co. Ltd., Nokia, CenturyLink, Wipro Limited, Cognizant, Capgemini, Business Technology Partners LLP, Deloitte AG, Secureworks Inc., Alert Logic, BAE Systems, and Microland, Intact Technology. North America was the largest region in the managed services market in 2021. Asia Pacific is expected to be the fastest-growing region in the global managed services market during the forecast period. The regions covered in the global managed services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the managed services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global managed services market is segmented - 1) By Service Type: Managed Security Services, Managed Network Services, Managed Data Center and IT Infrastructure Services, Managed Communication and Collaboration Services, Managed Mobility Services, Managed Information Services, Others 2) By Deployment Model: Cloud, On-Premises 3) By Organizational Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs) 4) By Application: BFSI, IT and Telecom, Retail and Consumer Goods, Manufacturing, Government, Healthcare and Life Sciences, Energy and Utilities, Media and Entertainment, Others

The construction and demolition waste management market consists of sales of construction and demolition waste management services by entities (organizations, sole proprietors, partnerships) that help in controlling the negative impact of waste on the environment. It is defined as the process of collecting, disposing of, altering, destroying, and recycling waste generated from construction and demolition of any infrastructure. The main types of services in construction and demolition waste management are collection, recycling, landfill, and incineration. Collection means a process that is used to collect the waste produced during the construction or demolition or renovation of buildings. The various business included are construction, renovation, and demolition that generates wastes such as inert, wood, cardboard, plastic, glass, and others. The different applications include commercial buildings and residential buildings. The global construction and demolition waste management market size is expected to grow from $164.69 billion in 2021 to $178.92 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The global construction and demolition waste management market size is then expected to grow to $226.16 billion in 2026 at a CAGR of 6.0%. The growing environmental concerns are significantly contributing to the growth of the construction and demolition waste management market. Environmental problems including global warming, air pollution, water pollution, waste disposal, ozone layer depletion, climate change, and many more are affecting natural resources, animals, humans, and nations on this planet. The negative impact of excessive construction and demolition waste generation on the environment is rising the demand for effective construction and demolition waste management services adoption. For instance, in 2021, according to a study by the construction blog Bimhow, the construction sector contributes to 50% of climatic change, 23% of air pollution, 40% of water, and 50% of landfill wastes. Therefore, the growing environmental concerns are expected to drive the growth of the construction and demolition waste management market going forward. Technological advancement is a key trend gaining popularity in the construction and demolition waste management market. Technologies such as the integration of AI-powered robots at recycling plants to elevate the quality and speed of recycling activities in construction and waste management have been increasing in recent years. For instance, in September 2021, AMP Robotics Corp., a US-based company involved in designing intelligent robotics systems for recycling operations installed its first AI-guided robotics systems, a single AMP Cortex unit along with a tandem unit in the UK and Ireland to improve pick rates and bale purity in construction and demolition debris. This technology is incorporated with deep learning and computer vision to guide robotics systems to identify, separate, and recover recyclables in the waste stream. In October 2020, GFL Environmental, a Canada-based waste management company acquired WCA Waste Corporation for an amount of $1.2 billion. Through this acquisition, GFL is expected to continue its organic growth and further expand its reach into adjacent markets including expansion of its U.S. footprint. WCA Waste Corporation is a US-based waste management company that operates in construction waste management. Major players in the construction and demolition waste management market are Veolia Group, Clean Harbors Inc, REMONDIS SE & Co. KG, Republic Services Inc., Daiseki Co. Ltd., Renewi PLC, Progressive Waste Solutions Ltd, FCC Environment, Advanced Disposal Services Inc., Casella Waste Systems Inc., Kiverco, Windsor Waste, Biffa, Bingo Industries, Cleanaway Waste Management Limited, and Eco wise. Asia Pacific was the largest region in the construction and demolition waste management market in 2021. The regions covered in the global construction and demolition waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the construction and demolition waste management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global construction and demolition waste management market is segmented - 1) By Service: Collection, Recycling, Landfill, Incineration 2) By Business: Construction, Renovation, Demolition 3) By Waste: Inert, Wood, Cardboard, Plastic, Glass, Others 4) By Application: Commercial Buildings, Residential Buildings

The ladder market consists of sales of ladders by entities (organizations, sole traders, and partnerships) that refer to a piece of climbing equipment consisting of a sequence of bars or steps between two upright pieces of wood, metal, or rope used for ascending or descending anything. A ladder is a series of rungs or stairs that can be either straight or slanted. Ladders rest against a vertical surface, such as a wall, and rope ladders hang from the ceiling. The vertical components of a ladder are stringers, rails, and stiles. Ladders are mainly movable; however, some are permanently affixed to structures. They are frequently made of metal, wood, or fiberglass, but they have also been made of tough plastic. The main product types of products in ladders are step ladders, step stools, extension ladders, folding ladders, platform ladders, others. An extension ladder is a portable, non-self-supporting ladder with an adjustable length. It is made up of two or more parts that travel in guides or brackets that are organized to allow for length change. Ladders are made up of aluminum, fiberglass, steel, wood and are used by domestic, commercial, and industrial sectors. The global ladder market size is expected to grow from $1.89 billion in 2021 to $2.02 billion in 2022 at a compound annual growth rate (CAGR) of 6.7%. The global ladder market size is then expected to grow to $2.38 billion in 2026 at a CAGR of 4.2%. The increasing demand for fire escape ladders is projected to propel the growth of the ladder market going forward. Fire escape ladders are portable fitted fire escape devices. Portable fitted fire escape ladders are a type of portable fitted fire escape apparatus. The emergency ladder is simple to set up and use. It's small enough to carry around in an emergency, and it is simple and safe to link it up to the window to get out of the house as quickly as possible. The growing number of residential fire instances has increased the demand for fire escape ladders. For instance, according to the National Fire Protection Association (NFPA), municipal fire departments in the United States reacted to 1.4 million fires in 2020. These fires killed 3,500 civilians and injured 15,200 others. The cost of property destruction was estimated to be around $21.9 billion. Therefore, the increasing demand for fire escape ladders will drive the growth of the ladder market. Strategic collaborations and partnerships are shaping the ladder market. Private firms are investing in the ladder companies to support their growth in the market. For instance, in January 2021, Industrial Opportunity Partners, a US-based private equity firm announced an investment in Little Giant Ladder Systems, a US-based ladder maker. Little Giant will benefit from this cooperation with Industrial Opportunity Partners in terms of both finance and operational expertise, allowing it to expand its reach to new customers, geographies, and products. Furthermore, in February 2021, Custom Service Hardware, a US-based rolling ladder manufacturer, acquired Putnam Ladder Co., Inc. to introduce rolling ladder choices to its Quiet Glide and E-Glide ladder lines. Putnam Ladder Co., Inc. is a US-based customized rolling ladders provider. In August 2021, Ballymore Company, a US-based company manufacturer of rolling safety ladders acquired Tri-Arc Manufacturing Company for an undisclosed amount. This acquisition brings together two of the top brands in the mobile safety ladder market, and they are excited to use the combined company's increased capacity and expanded product portfolio to better serve their clients. Tri-Arc Manufacturing Company is a US-based company manufacturer of rolling ladders. Major players in the ladder market are Werner Co, Louisville Ladder, TB Davies, Alaco Ladders, Hugo Brennenstuhl, Sagar Asia, Bauer Ladder Inc, Little Giant Ladder, Tubesca-Comabi, Lynn Ladder & Scaffolding Co. Inc., Al Jarsh Metal Section Manufacturing Co. L.L.C, Alco Aluminium Ladders Private Limited, FeatherLite Inc, Hasegawa USA Inc, LockNClimb LLC, Scaffolding Co. Inc, P.W. Platforms Inc, Jinmao, Carbis, Zhongchuang, Zarges, Zhejiang Youmay, Ruiju, Aopeng, Chuangqian, Jumbor Industrial Co. Ltd, and Gorilla Ladders, Asia Pacific was the largest region in the ladder market in 2021. Asia Pacific is expected to be the fastest-growing region in the global ladder market size during the forecast period. The regions covered in the global ladder market size report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ladder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global ladder market is segmented - 1) By Product: Step Ladders, Step Stools, Extension Ladder, Folding Ladder, Platform Ladder, Others 2) By Material: Aluminum, Fiberglass, Steel, Wood 3) By End-Use Industry: Domestic, Commercial, Industrial

The construction equipment rental market consists of sales of construction equipment products by entities (organizations, sole proprietors, partnerships) that rent out construction-related machinery, equipment, and tools to other contractors and professionals for a flat rate on daily, weekly or monthly basis. Renting construction equipment saves construction contractors the cost of new equipment, labor cost, maintenance cost, and operational costs. The main construction rental equipment include earthmoving, material handling and road building and concrete. Earthmoving construction equipment move soil and other material on heavy construction site in preparation for constructing buildings. The different construction equipment rental products include backhoes, excavators, loaders, crawler dozers, cranes, concrete pumps, compactors, transit mixers and concrete mixers which are used in residential, commercial and industrial applications. The global construction equipment rental market size is expected to grow from $90.60 billion in 2021 to $94.81 billion in 2022 at a compound annual growth rate (CAGR) of 4.64%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global construction equipment rentals market size is expected to reach $114.24 billion in 2026 at a CAGR of 4.77%. The growing construction industry is expected to propel the growth of the construction equipment rental market going forward. The construction industry is rising because of ongoing urbanization, impending infrastructural projects, and a growing population base. The construction sector uses a variety of construction equipment such as tower cranes, bulk material handling, transit mixer, batching plant, concrete pumps and others. Renting these equipment help contractors to reduce costs of purchase and maintenance. According to the global construction review report published in 2021, construction will be a driving force in global economic growth in the decade to 2030, with output estimated to be 35% greater than in the previous ten years to 2020. Hence, the growing construction industry will drive the growth of the construction equipment rental market. Replacing conventional equipment with telematics integrated machinery is a rising trend in the construction equipment market. Telematics is integrated into the construction equipment for GPS fleet tracking, maximizing fleet utilization, safeguarding equipment from theft, improved billing, equipment utilization and others. For instance, in 2020, Appareo, a US based manufacturer of electronic and software solutions, launched a cellular asset tracking device for off-highway equipment called AT-130 (IP69K). The device is embedded with GPS and cellular capabilities, has a high battery life, and can withstand high pressure. The high-performance positioning and motion-sensing capabilities ensure that motion-based reporting is done based on true machinery repositioning, which helps to extend the battery life of the equipment and reduce false alarms. In February 2019, H&E Equipment Services, Inc., a US based integrated equipment company which provides equipment rentals, sales, parts, and service, acquired We-Rent-It (WRI) for around $100 million. This acquisition will help H&E Equipment Services, Inc. expand its presence in Texas, by adding six branches of WRI. We-Rent-It is a non-residential construction equipment rental company headquartered in Bryan, Texas. Major players in the construction equipment rental market are H&E Equipment Services, Inc, Maxim Crane Works, L.P., Boels Rentals, United Rentals Inc., Ashtead Group Plc, Loxam, Herc Holdings Inc., Aktio Corporation, Kanamoto Co. Ltd., Taiyokenki Rental Co., Ltd., Cramo, Ramirent Plc, Kiloutou, Speedy Hire Plc, Nishio Rent All Co. Ltd., The Hertz Corporation, Ahern Rentals and Nikken Corporation North America was the largest region in the construction equipment rental market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global construction equipment rentals market during the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the construction equipment rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global construction equipment rental market is segmented - 1) By Equipment: Earthmoving, Material Handling, Road Building and Concrete 2) By Product: Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Concrete Pumps, Compactors, Transit Mixers, Concrete Mixers 3) By Application: Residential, Commercial, Industrial