Construction Intelligence Report

  Malaysia Car Wash Service Industry Overview The Malaysia car wash service market size was valued at USD 727.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2021 to 2028. One of the foremost factors driving the market for car wash services in Malaysia is the rising production and sale of automobiles. In 2019, the Malaysian automotive industry was among the top 10 largest manufacturing bases in the Asia Pacific and the 23rd largest in the world. According to the Ministry of International Trade and Industry (MITI), the country’s automotive industry is one of the key contributors to its GDP with a 4.3% contribution in 2019. The COVID-19 pandemic has severely impacted countries across the globe and Malaysia is no exception. In addition to the pandemic, the country is facing problems caused by declining oil prices. The country’s economy contracted by 17.1% in the second quarter of 2020 as compared to the same time period in 2019. The a...

  U.S. Processed Pumpkin Industry Overview The U.S. processed pumpkin market size was valued at USD 1.34 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. Shifting consumer preference toward packaged convenience foods is expected to drive the demand for processed pumpkin over the next few years. Processed pumpkin has been witnessing a remarkable demand from the food and beverage industry, not only due to its taste and flavor but also because of the numerous health benefits associated with it. The COVID-19 pandemic has had a direct and indirect impact on the demand for processed pumpkins in the U.S. The coronavirus outbreak has affected the raw material as well as application industries. In addition to this, companies have also witnessed transportation delays. The pandemic has had an adverse impact on the supply chain of the fruit and vegetable industry in the U.S., with lower prices and reduced production emerging as the k...

  Air Conditioning Systems Industry Overview The global air conditioning systems market size was valued at USD 106.60 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. The spread of the COVID-19 pandemic negatively impacted the demand for air conditioners in 2020 owing to decreased consumer spending. However, the market is expected to revive in 2021 and record a stable growth aided by the changing climate conditions and rising demand for commercial construction. Additionally, consumers’ growing inclination toward convenience and comfort is expected to upkeep the demand for air conditioners over the forecast period. Air conditioning systems are ubiquitous with applications ranging from homes, shopping centers, and commercial spaces to entertainment centers. In developing nations, AC is still a sought-after product; however, the affordability of environmentally optimized products is still a huge challenge. Air conditioning ...