Construction Equipment Rental Market Analysis By Product And Segment Forecast Up To 2022

Global Construction Equipment Rental Market was valued at USD 34.24 billion in 2014 and is anticipated to reach USD 84.60 billion by 2022. Increasing construction activities across the globe and rising government investment in emerging economies are projected to drive market demand in the coming years. 

The abundance of modern and productive equipment in rental fleets along with ongoing infrastructure development is expected to fuel demand. Rented construction equipment has several benefits such as ease of replacement, cost effective approach, less technical charges, lower maintenance cost, reduced transportation and less servicing requirement. These factors have been continuously driving the demand in the coming years. 

The material handling rental machinery segment is anticipated to grow at a CAGR of 13.0% from 2015 to 2022 on account of increasing focus on automated production facility. Increasing requirement of automated production processes for optimal use of raw material, energy and resource consumption are expected to result in the higher adoption of the product over the forecast period. 

Full Research Report On Global Construction Equipment Rental Market Analysis: http://www.grandviewresearch.com/industry-analysis/construction-equipment-rental-market

Earthmoving rental machinery market was valued at USD 19.27 billion in 2014 and is projected to witness significant gains at a CAGR of 12.3% by 2022. Growing demand for heavy equipment from emerging economies is anticipated to drive growth shortly.

The emergence of advanced machinery with eco-friendly and low maintenance features is expected to outcast conventional equipment in the coming years. The high purchasing power of consumer with changing preference for rental equipment has also resulted in the high adoption of rental products. 

Middle East rental equipment industry is projected to witness substantial growth at a CAGR exceeding 15% by 2022 owing to ongoing construction activities and extensive focus on sustainable expansion practices such as eco-friendly building construction. Rising capital investment in retail, hospitality, banking, transportation, energy, infrastructure and agriculture programs and development of metal and mining sector in the region are considered to be the major driving factors for the growth of the market. 

Asia Pacific construction equipment market accounted for 25% of the total revenue in 2014 and is expected to witness significant growth shortly. Rapid urbanization, commercialization of industry, burgeoning population, robust fiscal growth, and increasing government initiatives are expected to drive the market in the coming years. 

North America is projected to grow at a CAGR of over 10% by 2022. Economic revival coupled with increasing capital investments is estimated to compliment demand in the region. Increasing residential construction with increasing investment along with volatile energy pricing and favorable regulations is expected to escalate volume sales in the European market. 

Major industry players include United Rentals, Hertz, Neff Rental, Ahern Rental, Loxam Group, and Sunbelt. Other participants include Quippo, Finning, Ahern Rental, American Equip Company (Ameco), Maxim Crane Works, Gemini Equip and Rentals, and Sunstate Equip Company. The construction equipment rental industry is very capital intensive in nature. Moreover, the market is characterized by mergers & acquisitions, joint ventures, and strategic alliances to increase their market penetration.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the Global Construction Equipment Rental Market on the basis of product and region:

Construction Equipment Rental Product Outlook (Revenue, USD Million, 2012 - 2022)

• Earthmoving machinery
• Material handling machinery
• Concrete & road construction

Construction Equipment Rental Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

View Press Release of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-construction-equipment-rental-market   

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com

Construction Equipment Market Is Anticipated To Growing At A CAGR Of Over 5% From 2014 To 2020

Global Construction Equipment Market size is projected to reach USD 208.36 billion by 2020, growing at a CAGR of over 5% from 2014 to 2020. Rapid infrastructural growth along with urbanization is expected to drive industry growth over the forecast period. Further, increasing investments from government in the infrastructural sector and growing application of the advanced technology in operations including material handling, excavation, and earth moving are expected to drive demand.

Access Full Research Report on Global Construction Equipment Market: http://www.grandviewresearch.com/industry-analysis/construction-equipment-market-analysis

Manufacturers need to consider several factors for maintaining profitability in the price-sensitive industry including cost and energy-efficiency. Several advancements across residential and non-residential sectors are estimated to fuel the construction equipment market.

Growing impetus for developing infrastructure has triggered the demand for rental products combined with cost-competitive OEMs in developing markets of Asia Pacific is estimated to offer prominent opportunities for industry growth over the forecast period. However, unstable economic conditions and high initial costs are expected to hinder revenue by 2020.

The industry can be classified by products into concrete and road construction equipment, material handling machinery, and earth moving machinery. The material handling segment is projected to grow at the fastest CAGR of 5.7% by 2020. This surge in demand can be attributed to growth in application areas and rise in the automation industry.

Earth moving products comprise loaders and excavators, whereas material handling machinery comprises trailer mounted, truck mounted, and crawler cranes. Truck mounted cranes segment accounted for the largest market share of over 60% in 2013 and is expected to decline over the forecast period.

The concrete and road construction equipment market can be sub-segmented into construction pumps, concrete mixers and pavers, etc. These machineries have their application in bridges, power plants, residential, and industrial structures. Growing number of highway construction projects combined with increasing demand from mining industry are anticipated to further augment industry demand.

Asia Pacific construction equipment market accounted for over 50% of the overall share in 2013 and is expected to grow at a CAGR of 5.8% from 2014 to 2020. Varied favorable government policies along with infrastructural developments in service sector and IT industry have triggered equipment usage in countries such as India.

Growing penetration of Chinese machinery in the premium products industry is projected to challenge key existing vendors including Caterpillar and Komatsu. Growing urban population in regions such as North America and Europe is expected to offer considerable growth opportunities for the industry.

Notable players in the construction equipment market are Komatsu, Volvo, Hitachi, Doosan, Caterpillar, and John Deere. Various vendors in Europe and North America are increasing investment in R&D activities for lowering production costs along with meeting regulation emission for strengthening their global presence. Mergers & acquisitions and strategic expansions for bridging the gap in product offerings and end-market requirements, remain to be the notable growth strategy for players to excel in the industry.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the construction equipment market on the basis of product and region: 

Construction Equipment Product Outlook (Revenue, USD Billion, 2012 - 2020)

• Earth Moving Machinery
• Excavators
• Loaders
• Others
• Material Handling Machinery
• Crawler Cranes
• Trailer Mounted Cranes
• Truck Mounted Cranes
• Others
• Concrete & Road Construction Equipment
• Concrete Mixers & Pavers
• Construction Pumps
• Others
• Others Construction Equipment

Construction Equipment Regional Outlook (Revenue, USD Billion, 2012 - 2020)

• North America
• Europe
• Asia Pacific
• China
• RoW

View Press Release of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-construction-equipment-market 

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com

Construction Chemicals Market Demand Is Projected To Grow At A CAGR Of 5.2% Over The Forecast Period 2013-2024

Global Construction Chemicals Market is expected to reach USD 67.61 billion by 2024, according to a new report by Grand View Research, Inc. Construction chemicals were widely used in non-residential & infrastructure sector accounting for over 60% of the global revenue share in 2015. Upcoming projects such as Panama Canal expansion is expected to foster the market growth over the forecast period. 

Moreover, the global market was valued at USD 39.16 billion in 2015 and is projected to witness growth over the forecast period on account of rising residential and infrastructure activities in rapidly developing economies of Asia Pacific. Government initiatives in emerging economies such as India are also expected to fuel market growth. 

Full Research Report on Global Construction Chemicals Market Analysis:http://www.grandviewresearch.com/industry-analysis/construction-chemicals-market

Further key findings from the report suggest:

• The global construction chemicals market demand was 33,309.2 kilo tons in 2015 and is projected to grow at a CAGR of 5.2% over the forecast period. They help in reducing the water and cement content in concrete, thereby bringing down the overall cost of the structure and reducing emissions. They impart properties such as cross-linking which results in increasing strength of the mortar.
• The market for concrete admixtures was estimated at USD 17.35 billion in 2015. Admixtures are mixed with cement, sand and water to impart specific properties to the base material such as durability. Most of the admixtures are available in a ready-to-use form and are added to the mortar at the construction site.
• Demand in Asia Pacific was 17,119.6 kilo tons in 2015 and is projected to witness tremendous growth on account of increased government spending on the infrastructure sector and rising opportunities for FDI in China and India. Increasing demand for industrial, transportation and commercial facilities is expected to drive growth.
• MEA is also projected to be a key market for construction chemicals over the forecast period. Infrastructure projects worth USD 172 billion have been planned in 2015 by various national governments in the region.
• Key industry players include BASF SE, Pidilite Industries Limited, FOSROC Chemicals India Private Limited, Sika AG, W.R. Grace & Company, Dow Chemical Company, RPM International Inc., Arkema S.A. and Mapei S.P.A. These companies focus on R&D for product development to enhance their portfolio.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers

Grand View Research has segmented the Global Construction Chemicals Market on the basis of product, end-use and region:

Global Construction Chemicals Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 - 2024)

• Concrete Admixtures
• Concrete Adhesives
• Concrete Sealants
• Protective Coatings

Global Construction Chemicals End-use Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 - 2024)

• Residential
• Non-residential & Infrastructure

Global Construction Chemicals Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Europe
• Germany
• France
• Italy
• UK
• Asia Pacific
• China
• India
• Japan
• South Korea
• Latin America
• Brazil
• MEA

View Blog on This Research Report By Grand View Research: http://www.grandviewresearch.com/blog/construction-chemicals-industry

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com

Gypsum Board Market Is Anticipated To Growing At A CAGR Of 11.4% During Forecast Period 2014-2025

Global Gypsum Board Market is expected to reach USD 79.17 billion by 2025, according to a new report by Grand View Research, Inc. Rapid economic growth in Asia Pacific and GCC countries has led to tremendous increase in migration of rural population to urban areas, thereby spurring plasterboard demand for residential accommodation.

High purchasing and borrowing power, easy availability of housing finances along with increasing number of dual income families are some key factors driving construction industry growth. The Saudi Arabian government has taken various measures in 2016 in order to address affordable housing needs of middle income families. The ministry plans to provide over 2,33,651 residential units through 187 housing projects in its pipeline. These factors are positively influencing gypsum board market growth across the region.

Pre-decorated boards are gaining wide acceptance in various construction projects owing to their low maintenance and easy installation properties which makes them cost and time effective. Growing focus towards environmentally sustainable green building construction materials, which reduces overall overhead expenses has boosted industry growth.

Residential construction is anticipated to witness high growth rate in India owing to various government’s initiatives including Smart Cities, easing FDI norms, flexible housing loans and increasing investment in urban infrastructure development. These factors are further projected to augment gypsum board demand.

Full Research Report On Global Gypsum Board Market Analysis:  http://www.grandviewresearch.com/industry-analysis/gypsum-board-market

Further key findings from the report suggest:

• The global gypsum board demand exceeded 11.68 billion square meters in 2016 and is expected to grow at a CAGR of 6.1% from 2017 to 2025
• Wallboard emerged as the dominant product segment in 2016 owing to the increasing demand of cost and time effective building materials in various green building projects
• Ceiling board is also increasingly being preferred by architects since it facilitates a beautiful, homogenous appearance along with a smooth finish without any visible joints
• Gypsum products holds the potential to replace traditional building materials including wood, steel and glass owing to its wide application scope
•  Abundant mineral reserves in GCC economies, including Iran has led to increased production in the region, which has created ample growth opportunities for domestic as well as international players
• Key players include Etex Group, Global Mining Company LLC, Beijing New Building Material, Lafarge, Knauf Dubai, Gypsemna, USG Zawawi LLC, Saint Gobain Gyproc and UMI Company Ltd.  among others

View Related Reports of this Category By Grand View Research:

·         Thermochromic Materials Market 

·         Self-Healing Materials Market

Grand View Research has segmented the Global Gypsum Board Market on the basis of product, end-use and region:

Gypsum Board Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

• Wallboard
• Ceiling board
• Pre-decorated board
• Others

Gypsum Board End-Use Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

• Pre-engineered Metal Buildings
• Residential
• Industrial
• Commercial
• Institutional

Gypsum Board Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Bahrain
• Kuwait
• Qatar
• Oman
• Saudi Arabia
• UAE
• Jordan
• Iraq
• Iran
• Egypt
• Syria
• Turkey
• Libya
• Sudan

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-gypsum-board-market                          

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Precision Farming Market Is Estimated To Growing At A CAGR Of 14.2% During Forecast Period 2014-2025

Global Precision Farming Market is anticipated to reach USD 10.23 billion by 2025, according to a new report by Grand View Research, Inc. Precision farming, also known as site-specific crop management or satellite farming, is a concept of farm management that uses information technology to ensure optimum health and productivity of the crops. The precision farming technique largely depends on specialized equipment, IT, and software services. 

Furthermore, this farming technique involves a broad range of technologies including bio-engineering, robotics & automation, imagery & sensors, and big data, as well as digitization. The adoption of site-specific crop management would reduce the cost of nitrogen fertilizers, improve crop yields, reduce the usage of pesticides, provide better farm records that are essential for sale, and provide better information for management decisions.

Full Research Report On Global Precision Farming Market Analysis: http://www.grandviewresearch.com/industry-analysis/precision-farming-market

The growing application of telematics in agriculture is anticipated to drive the demand for precision farming over the projected period. Telematics services include tracking devices using Global Navigation Satellite System (GNSS) to show the position of the equipment for management purposes. It also offers a real-time view of the position, coolant temperature, ground speed, and the duration before which maintenance is required. Major agriculture equipment manufacturers are adopting telematics services for their equipment in order to improve farm efficiency.

Improving the efficiency of agricultural machinery reduces the cost of agricultural operations and maximizes profitability. Additionally, good management might reduce the environmental impact. Farmers are increasingly using telematics technology to collect and manage information from their field equipment.

Telematics technology is used to capture and transfer data from the farm equipment through sensors installed on tractors and other field monitoring equipment. The increasing adoption of telematics systems by agricultural equipment companies is expected to drive the demand in the precision farming market.

Trimble Ag Software’s Connected Farm uses cellular and wireless technology to transfer data. Furthermore, the company uses Farm Works software to manage data transferred from the farm equipment. Raven Industries, Inc. provides a telematics service called Slingshot. It uses cell phone networks to offer data transfer, real-time kinematic GPS correction signals, and real-time technical support in the fields. Additionally, Slingshot allows users to track the vehicle’s location.

However, the lack of technology adoption among farmers is likely to restrain the market growth over the forecast period. The lack of standards and limitations on the exchange of data between the systems limits the adoption of modern agricultural machinery of different brands and companies. 

Furthermore, farmers lack independent consulting and advisory services owing to the lack of validated agronomic models for Variable Rate Technology (VRT) to make a decision on investments. Additionally, independent services are not linked to co-operatives, government bodies, and farmer’s associations where farmers can get additional information to take decisions.

Further key findings from the report suggest:

• The increasing government support for adopting modern agricultural techniques and the growing need for monitoring crop health for yield production are expected to drive the market demand.
• The services segment is expected to portray a significant growth rate over the projected period, growing at a CAGR of 16.0%.
• The cloud-based software model is anticipated to gain market share over the projected period as it reduces energy consumption and large data storage, and facilitates cost saving.
• Innovations in GPS mapping and related applications concerning farms are helping farmers to operate more efficiently and increase their profit margins.
• Drones are expected to witness enormous growth in the agriculture field as they are increasingly used in monitoring irrigation systems.
• Soil monitoring is a major application of the yield monitoring segment as it is used to detect soil properties to increase the yield.
• Digital revolution in the agricultural sector along with government financial incentives to farms is likely to drive the demand in the European precision farming market in the coming years.
• The key players of the precision farming market include Agribotix LLC (U.S.), Deere & Company (U.S.), SST Development Group, Inc. (U.S.), Farmers Edge, Inc. (Canada), and Granular, Inc. (U.S.), among others

View Related Reports from This Category By Grand View Research:

·         Wiper Systems Market

·         Drone Data Services Market

Grand View Research has segmented the Global Precision Farming Market based on offering, application, and region:

Precision Farming/Agriculture Offering Outlook (Revenue, USD Million, 2014 - 2025)

·         Hardware

·         Automation & control systems

§  Drones

§  Application control devices

§  Guidance systems

·         GPS

·         GIS

§  Remote sensing

·         Handheld

·         Satellite sensing

§  Driverless tractors

§  Mobile devices

§  VRT

·         Map-based

·         Sensor-based

§  Wireless modules

·         Bluetooth technology

·         Wi-Fi technology

·         Zigbee technology

·         RF technology

·         Sensing devices

§  Soil sensor

·         Nutrient sensor

·         Moisture sensor

·         Temperature sensor

§  Water sensors

§  Climate sensors

§  Others

·         Antennas/access points

·         Software

·         Web-based

·         Cloud-based

·         Services

·         System integration & consulting

·         Maintenance & support

·         Managed services

§  Data services

§  Analytic services

§  Farm operation services

·         Assisted professional services

§  Supply chain management services

§  Climate information services

Precision Farming/Agriculture Application Outlook (Revenue, USD Million, 2014 - 2025)

• Yield monitoring
• On-farm
• Off-farm
• Field mapping
• Crop scouting
• Weather tracking & forecasting
• Irrigation management
• Inventory management
• Farm labor management

Precision Farming/Agriculture Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Russia
• Asia Pacific
• China
• Japan
• India
• Australia
• South America
• Brazil
• Middle East and Africa (MEA)

View Blog On this research report by Grand View Research: http://www.grandviewresearch.com/blog/precision-agriculture-market-size-share-research                         

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Traffic Road Marking Coatings Market Size Is Anticipated To Reach $6.3 Billion By 2025

Global Traffic Road Marking Coatings Market is likely to reach USD 6.3 billion by 2025, according to a new report by Grand View Research, Inc. Technological advancement is an important factor for market growth as countries are becoming more concerned about the public health and safety. The growing environmental concerns including harmful air pollutants are driving the need for greener products in a bid to promote a healthy environment.

Paints are regarded as a major source of harmful VOC emissions. This has resulted in the development of thermoplastic coatings and other environment-friendly alternatives over paints. The rate of road fatalities is another primary concern which is forcing regional governments to invest in technological development to ensure highway safety and maintenance. There is a need for technological development to deal with such issues efficiently and improve the global economic condition as well. 

Manufacturers are taking initiatives to develop innovative marking systems and temperature sensitive paints, which in turn is increasing their product sale as more countries are focused toward beefing up their safety and maintenance. Various initiatives to reduce accidents and improve road safety & maintenance are expected to influence the overall market demand positively. The consumer buying behavior is supposed to be influenced by newly developed high-performance coatings with improved characteristics.

Key manufacturers operating in the market include Automark Technologies Sherwin-Williams Company, Geveko Markings, Ennis-Flint, Crown Technologies, Swarco AG, etc.

Full Research Report on Global Traffic Road Marking Coatings Market Analysis:  http://www.grandviewresearch.com/industry-analysis/traffic-road-marking-coatings-market

Further key findings from the report suggest:

• Thermoplastic coatings emerged as the fastest product segment.This segment expected to reach 429.0 kilo tons by 2025
• Thermoplastic markings are applied in a thick/built up layer to create rumble strips. This coating sets quickly and will adhere strongly to the surface
• Paint is expected to be the largest segment with a market share of around 44.5% by volume
• Asia Pacific region is expected to emerge as the fastest growing region and will reach a market valuation of USD 1,670.5 million by 2025
• In North America, The Government has rolled out initiatives to enhance road infrastructure, increasing sales, and encouraging the development of durable, high-performance products with enhanced visibility and skid resistance
• There is a high degree of price competition among industry participants. Innovation remains a major factor for competitive advantage and higher profit margins.

View Related Reports of this category by Grand View Research:

·         Plating on Plastics (POP) Market

·         3D Printing Metals Market

Grand View Research has segmented the Global Traffic Road Marking Coatings Market on the basis of product and region:

Traffic Road Marking Coatings Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

• Paint
• Thermoplastic
• Preformed Polymer Tape

·         By Product

§  Thermoplastic Tape

§  Pressure Sensitive Tape

·         By Application

§  Road Marking Lines

§  Road Marking Labels

·         By Usage

§  Permanent

§  Removable

·         Epoxy

Traffic Road Marking Coatings Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Vietnam
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-traffic-road-marking-coating-market                        

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Pharmaceutical Services Outsourcing Market Is Expected To Grow At A CAGR Of 8.7% Over The Forecast Period 2014-2025

Global Biotechnology Services Outsourcing Market is expected to reach USD 92.9 billion by 2025, according to a new report by Grand View Research, Inc. Pharmaceutical industry has been adaptive of the function of outsourcing certain clinical and corporate functions as early as 2002. Among the services outsourced, clinical trial management and contract manufacturing were the forerunners. For instance, Johnson & Johnson was the first pharmaceutical company to outsource its applications development and maintenance (ADM).

In 2015, over USD 50.0 billion was spent on pharmaceutical R&D activities majorly on oncology, diabetes, and autoimmune therapy classes, which is expected to propel the biotechnology services outsourcing market growth over the forecast period.

Shrinking profit margins coupled with rising competition in the market space, and augmenting regulatory burden are other vital impact rendering factors. The pharmaceutical services outsourcing market is expected to register growth at a CAGR of 8.7% during the forecast period. On the other hand, pending immigration legislations in the U.S. may hinder business economics and outsourcing risks.

Pharmaceutical and biotechnology industries in Europe are significantly investing in R&D in the recent year owing to rising demand for advanced medicines. This may be attributed to increasing aging population, incidence of chronic diseases, and communicable diseases.

Full Research Report On Global Biotechnology/Pharmaceutical Services Outsourcing Market: http://www.grandviewresearch.com/industry-analysis/biotechnology-pharmaceutical-services-outsourcing-market

Further key findings from the study suggest:

• Consulting services are inclusive of regulatory compliance, remediation, and quality management systems consulting, which is expected to dominate the pharmaceutical services outsourcing market in 2025.
• In 2013, the U.S. FDA revised the guidelines for registration trials of drugs used in the treatment of acute bacterial skin and skin structure infections, thereby promoting growth of regulatory affairs services.
• Other services such as contract manufacturing, product upgrade, and IT consulting services are projected to grow swiftly. Increasing focus on generic medicine and regional expansions in developing regions are some of the key contributing factors
• Presence of cheap labor, skilled personnel and rapid growth of the pharmaceutical industry within the Asia Pacific region presents numerous opportunities for service providers, thereby representing a lucrative growth rate over the forecast period.
• Service based expertise may be found in players such QuintilesIMS, Parexel Corporation, Lachman Consultant Services, Inc., Concept Heidelberg GmbH, and others. These players compete on the basis of service quality, competitive pricing, and long-term relations with healthcare industry participants.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/pharmaceuticals

Grand View Research has segmented the Global Biotechnology/Pharmaceutical Services Outsourcing Market on the basis of service, and region:

Global Biotechnology/Pharmaceutical Services Outsourcing Service Outlook (Revenue, USD Million, 2014-2025)

• Consulting
• Auditing & assessment
• Regulatory affairs
• Product maintenance
• Product design & development
• Product testing & validation
• Training & education
• Others

Biotechnology/Pharmaceutical Services Outsourcing Regional Outlook (Revenue, USD Million, 2014-2025)

North America

• U.S.
• Canada

Europe

• Germany
• UK

Asia Pacific

• Japan
• China

Latin America

• Brazil
• Mexico

Middle East and Africa (MEA)

• South Africa

View Blog On This Research Report By Grand View Research: http://www.grandviewresearch.com/blog/biotechnology-pharmaceutical-services-outsourcing-market-size-analysis  

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com