World Metal Detector Market to Touch USD 1.6 billion by 2022, Expects Lucintel in Its Insightful Study Recently Added at MarketPublishers.com27 Jul 2017 • by Natalie Aster
LONDON – The world’s metal detector market has an attractive future, with lucrative opportunities emerging in the textile, pharmaceuticals, government, consumer, commercial and food & beverage sectors. By 2022, the value of the overall metal detector market is poised to touch USD 1.6 billion, registering a 5.1% CAGR over 2017-2022. The main growth engines for this market include constantly expanding infrastructure, uptake in terrorism activities as well as rising stringency in government compliances in different sectors to maintain high safety and security levels.
Prominent emerging trends that have a direct impact on the metal detector market dynamics comprise enhancing usage of metal detectors in novel application (for example, medicine and sports) and ongoing advancements in metal detector technologies for superior performance.
The static metal detector sector is poised to remain the biggest sector in the overall market.
APAC is anticipated to rank the top regional market for metal detectors, it will witness the most robust growth through 2022 encouraged by the constantly expanding regional infrastructure.
The insightful research publication “Growth Opportunities in the Global Metal Detector Market” prepared by Lucintel offers deep insights into the metal detector market landscape with a close look at the situation across the key regional markets. Besides, this report sheds light on the current situation across the main market segments (on the basis of technologies, product types, end-use applications), covers the market dynamics and presents a detailed analysis of the main market growth limiters and engines. Furthermore, the study includes vital info on the competitive environment and key companies active in the market, discloses updated statistics on the industry shipments, presents a comprehensive future outlook through 2022.
Prominent market players profiled in this report include Eriez Manufacturing Co., Mettler Toledo (Safeline), CEIA (Costruzioni Elettroniche Industriali Automatismi S.p.A.), Codan (Minelab) and Garrett Metal Detectors.
For many other in-demand research studies prepared by this publisher visit the Lucintel page at MarketPublishers.com.