The global wall scanner market is set to gain impetus from their increasing usage in detecting framing locations behind drywall and plasters. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Wall Scanner Market Size, Share & Industry Analysis, By Type (Normal, Smart), By Application (Residential, Commercial) and Regional Forecast 2022-2029.” The report further states that wall scanners vary from one another. Some of them use rare earth magnets, while the others are equipped with magnetometers.
Impact of Russia-Ukraine War Implication
The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement. There is hardly any sector that the war has left untouched, especially aggravating the business landscape of sectors ranging from aerospace to oil & gas. Amidst prevailing challenges, stakeholders are gearing to turn adversities into opportunities. However, soaring military aid for Ukraine could provide impetus to stakeholders. Meanwhile, it is to be noted that the relevant sanction could augment operating costs and disrupt industries.
How Did We Create This Report?
We employ iterative and comprehensive research techniques focusing on minimizing deviance. We use a combination of top-down and bottom-up approaches for estimating and segmenting quantitative aspects of the parents’ market. At the same time, data triangulation is used to look at the market from three perspectives. Simulation models were used to gather data about the market forecasts and estimates.
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Drivers & Restraints-
Introduction to Radio Frequency Technology will Bolster Growth
The emergence of radio frequency technology by several reputed companies worldwide is set to propel the wall scanner market growth in the upcoming years. This technology enables users to gain access to the real-time information behind walls. Besides, wall scanners featuring magnetometers are able to detect the presence of metal. The ones equipped with rare earth magnets can sense the presence of metal studs, nails, metal pipes, and screws. With the help of innovative technologies, end-users will receive data about electric wires, PVC plumbing, wood studs, metal studs, and metal plumbing pipes. These can enhance accuracy, reliability, and performance. However, multiple issues of wall scanners associated with efficiency may hinder growth.
Presence of Prominent Companies to Drive Growth in North America
Geographically, North America is likely to generate the highest wall scanner market share in the near future. This growth is attributable to the presence of a large number of significant wall scanner providers in the region, such as DEWALT (The U.S.), Walabot (The U.S.), Zircon Corporation (The U.S.), Vaughan & Bushnell Mfg. Co. (The U.S.), and Anotek Anodizing (Canada).
On the other hand, Asia Pacific is set to grow considerably backed by the expansion of the manufacturing sector in Japan, India, and China. Also, the increasing spending on the development of innovative products will spur demand. In Europe, the surging usage of wall scanners in the commercial sector would result in moderate growth.
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Key Players Focus on Launching Novel Products to Intensify Competition
The global market for wall scanners houses a large number of companies that are mainly aiming to cater to the high demand from customers worldwide. To do so, they are focusing on unveiling new products. Below is one of the latest industry developments:
- May 2019: Vayyar Imaging introduced the world’s most powerful wall scanner called ‘Walabot DIY Plus’ to expand its functionality. It features the ‘Superman Vision’ to see through drywall, plaster, concrete, and lath.
A list of all the renowned wall scanner manufacturers operating in the global market:
- Robert Bosch Tool Corporation (The U.S.)
- Anotek Anodizing (Canada)
- Tavool (China)
- Vaughan & Bushnell Mfg. Co. (The U.S.)
- Zircon Corporation (The U.S.)
- Cangzhou oubeiruike Instrument and Equipment Co., Ltd. (China)
- Walabot (The U.S.)
- DEWALT (The U.S.)
- Fuzhou Yuxin Electronic Co. Ltd. (China)
- Other prominent companies
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