"Bourgeoning Global Furniture Industry to Stimulate the Demand for Lumber Equipment Globally"
Lumber equipment market registered the global market value of US$ 44.8 Bn in 2017 and expected to exhibit a growth with a CAGR of 3.72% across the forecast period from 2018 to 2026. Lumber equipment used to manufacture wooden products with greater precision, quality and scale than manual processing. Lumber equipment are extensively used in pulp & paper, construction, timber factories & sawmills and other industries. Besides, professionals from municipalities, arborists (tree surgeons), park districts and universities among others are using lumber equipment. Rapidly growing urbanization further promote the furniture consumption demand. Urbanization rate in China increased from 49.95% in 2010 to 57.35% in 2016, augmented by an annual rate of 1.23%. Growing urbanization with increasing per capita disposable income expected to drive the growth for furniture industry, thereby driving the subsequent surge of lumber equipment market.
"Sawmills to Cement the Dominating Position in Lumber Equipment Market"
Sawmills used to convert softwood or hardwood into lumber and other finished products. Utilization of raw material effectively is key factor to increase productivity in lumber industry. Sawmills in recent trend are mostly automated, that improves accuracy along with productivity. Further, modern sawmills offer functionality to prioritize speed & volume of log sawing. Additional factors that influence the achieved yield are positioning accuracy in sawing machines and usage of curve or straight sawing technique. With aforementioned benefits sawmills expected to witness promising demand in following years. Nevertheless, in the coming years, CNC routers segment expected to register the higher growth rate. The segment growth primarily stimulated by growing demand for customized lumber designs. CNC routers offer entirely automated cutting process, which enables handling of multiple projects without variation in design. By coding complex design in machine language CNC routers handle complicated operation with more ease. Rapidly growing automation in lumber manufacturing process to surge the higher growth of segment compared to other equipment.
"Flourishing Furniture Industry Along With Rising Discretionary Income to Ensure Fastest Growth of Lumber Equipment Market in Asia Pacific"
In 2017, Asia Pacific market represented the largest share, in terms of value. Region also expected to exhibit comparatively higher market growth throughout the forecast period, principally due to development of furniture industries. As the global furniture industry continues to shift towards developing countries, dominating position of region in the global lumber equipment market continues to improve across the forecast period. From 2000 to 2015, China's furniture manufacturing industry revenue raised from US$ 4.73 Bn to US$ 11.40 Bn, with an average annual growth rate of 24%. Similarly, growing per capita disposable income of citizens expected to stimulate the demand for designer lumber products, thereby driving the lumber equipment market growth in the region. For instance, China's per capita disposable income increased from US$ 1650 in 2006 to US$ 4800 in 2016, with an annual compound growth rate of 11.07%; subsequently purchasing power of residents increased by significant margin. At the same time, the proportion of furniture consumption in the total retail sales also increased from 0.21% in 2006 to 0.84% in 2016. Similarly, growing end-use industry from India, Japan and South Asian countries expected to drive the demand for lumber equipment market across the forecast period.
"Enhancing the Reliability of Equipment to Remain the Key Strategy"
Lumber equipment market considered as fragmented in nature with players are aiming for evolution in product offering to cater wide application area. The range of lumber equipment available in the market is more diverse than before. Considering rapid pace of changing life styles and competitive environment in end-use industry, manufacturers to offer highly reliable product range. Manufacturers are integrating various control platforms with lumber equipment to enhance its reliability. Such controlling platforms includes systems based control, NC/CNC, PLC and other automated functionality through various software modules. Key players of global lumber equipment market includes Bandit Industries, Inc., Vermeer Corporation, Avant Techno Oy, Trelan Manufacturing, Changzhou LEFA Industry and Trade Co., Ltd., Redwood Global Ltd., Salsco, Inc., EMB MFG, Inc., Teknamotor Company, UNTHA Shredding Technology GmbH, Laitilan Metalli Laine Oy, Oliver Machinery Corporation, Miichael Weinig AG, Biesse Group, IMA-Schelling Group and others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.
Lumber equipment market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global lumber equipment market based on equipment type, operating principle, end-user and geography. Key segments covered in the report are as follows:
ATTRIBUTE | DETAILS |
---|---|
Research Period | 2016-2026 |
Base Year | 2017 |
Forecast Period | 2018-2026 |
Historical Year | 2016 |
Unit | USD Billion |
Segmentation |
Equipment type Segment (2016–2026; US$ Bn) |
Operating Principle (2016–2026; US$ Bn) |
|
End-user Segment (2016–2026; US$ Bn) |
|
Geography Segment (2016–2026; US$ Bn) |
1. Preface
1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Approach Adopted
1.3.4. Top-Down Approach
1.3.5. Bottom-Up Approach
1.3.6. Phase III – Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Global LE Market Snapshot, 2017 & 2026
2.2. Global LE Market, by Equipment type, 2017 (US$ Bn)
2.3. Global LE Market, by Operating Principle, 2017 (US$ Bn)
2.4. Global LE Market, by End-user, 2017 (US$ Bn)
2.5. Global LE Market, by Geography, 2017 (US$ Bn)
3. Market Dynamics
3.1. Overview
3.1.1. Global LE Market Value, 2016 – 2026 (US$ Bn)
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraint
3.4. Attractive Investment Proposition, by Geography, 2017
3.5. Market Positioning of Key Lumber Equipment Manufacturers, 2017
3.5.1. Major Strategies Adopted by Leading Companies
4. Global Lumber Equipment (LE) Market, by Equipment type, 2016 – 2026 (US$ Bn)
4.1. Overview
4.2. Harvesters
4.3. CNC Routers
4.4. Chain & Chisel Mortising Machines
4.5. Grinding Machines
4.6. Sawmills
4.7. Shredders
4.8. Sander Machines
4.9. Others (Stamping & Punching Tools, Knives & Cutting Blades, etc.)
5. Global Lumber Equipment (LE) Market, by Operating Principle, 2016 – 2026 (US$ Bn)
5.1. Overview
5.2. Mechanical
5.3. Electric
6. Global Lumber Equipment (LE) Market, by End-user, 2016 – 2026 (US$ Bn)
6.1. Overview
6.2. Pulp & Paper Industry
6.3. Construction Industry
6.4. Timber Factories & Sawmills
6.5. Others (Municipalities, Park Districts, Universities, etc.)
7. North America Lumber Equipment (LE) Market Analysis, 2016 – 2026 (US$ Bn)
7.1. Overview
7.2. North America LE Market Value, 2016 – 2026 (US$ Bn)
7.3. North America LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
7.4. North America LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
7.5. North America LE Market, by End-user, 2016 – 2026 (US$ Bn)
7.6. North America LE Market, by Country/Region, 2016 – 2026 (US$ Bn)
7.6.1. U.S.
7.6.1.1. U.S. LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
7.6.1.2. U.S. LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
7.6.1.3. U.S. LE Market, by End-user, 2016 – 2026 (US$ Bn)
7.6.2. Rest of North America
7.6.2.1. Rest of North America LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
7.6.2.2. Rest of North America LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
7.6.2.3. Rest of North America LE Market, by End-user, 2016 – 2026 (US$ Bn)
8. Europe Lumber Equipment (LE) Market Analysis, 2016 – 2026 (US$ Bn)
8.1. Overview
8.2. Europe LE Market Value, 2016 – 2026 (US$ Bn)
8.3. Europe LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
8.4. Europe LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
8.5. Europe LE Market, by End-user, 2016 – 2026 (US$ Bn)
8.6. Europe LE Market, by Country/Region, 2016 – 2026 (US$ Bn)
8.6.1. U.K.
8.6.1.1. U.K. LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
8.6.1.2. U.K. LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
8.6.1.3. U.K. LE Market, by End-user, 2016 – 2026 (US$ Bn)
8.6.2. Germany
8.6.2.1. Germany LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
8.6.2.2. Germany LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
8.6.2.3. Germany LE Market, by End-user, 2016 – 2026 (US$ Bn)
8.6.3. France
8.6.3.1. France LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
8.6.3.2. France LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
8.6.3.3. France LE Market, by End-user, 2016 – 2026 (US$ Bn)
8.6.4. Rest of Europe
8.6.4.1. Rest of Europe LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
8.6.4.2. Rest of Europe LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
8.6.4.3. Rest of Europe LE Market, by End-user, 2016 – 2026 (US$ Bn)
9. Asia Pacific Lumber Equipment (LE) Market Analysis, 2016 – 2026 (US$ Bn)
9.1. Overview
9.2. Asia Pacific LE Market Value, 2016 – 2026 (US$ Bn)
9.3. Asia Pacific LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
9.4. Asia Pacific LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
9.5. Asia Pacific LE Market, by End-user, 2016 – 2026 (US$ Bn)
9.6. Asia Pacific LE Market, by Country/Region, 2016 – 2026 (US$ Bn)
9.6.1. China
9.6.1.1. China LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
9.6.1.2. China LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
9.6.1.3. China LE Market, by End-user, 2016 – 2026 (US$ Bn)
9.6.2. Japan
9.6.2.1. Japan LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
9.6.2.2. Japan LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
9.6.2.3. Japan LE Market, by End-user, 2016 – 2026 (US$ Bn)
9.6.3. India
9.6.3.1. India LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
9.6.3.2. India LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
9.6.3.3. India LE Market, by End-user, 2016 – 2026 (US$ Bn)
9.6.4. Rest of Asia Pacific
9.6.4.1. Rest of Asia Pacific LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
9.6.4.2. Rest of Asia Pacific LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
9.6.4.3. Rest of Asia Pacific LE Market, by End-user, 2016 – 2026 (US$ Bn)
10. Rest of the World Lumber Equipment (LE) Market Analysis, 2016 – 2026 (US$ Bn)
10.1. Overview
10.2. RoW LE Market Value, 2016 – 2026 (US$ Bn)
10.3. RoW LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
10.4. RoW LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
10.5. RoW LE Market, by End-user, 2016 – 2026 (US$ Bn)
10.6. RoW LE Market, by Country/Region, 2016 – 2026 (US$ Bn)
10.6.1. Middle East & Africa
10.6.1.1. Middle East & Africa LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
10.6.1.2. Middle East & Africa LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
10.6.1.3. Middle East & Africa LE Market, by End-user, 2016 – 2026 (US$ Bn)
10.6.2. Latin America
10.6.2.1. Latin America LE Market, by Equipment type, 2016 – 2026 (US$ Bn)
10.6.2.2. Latin America LE Market, by Operating Principle, 2016 – 2026 (US$ Bn)
10.6.2.3. Latin America LE Market, by End-user, 2016 – 2026 (US$ Bn)
11. Company Profiles
11.1. Biesse Group
11.2. Avant Tecno Oy
11.3. Redwood Global Ltd.
11.4. Changzhou LEFA Industry and Trade Co., Ltd.
11.5. EMB MFG, Inc.
11.6. Trelan Manufacturing
11.7. UNTHA Shredding Technology GmbH
11.8. Salsco, Inc.
11.9. Laitilan Metalli Laine Oy
11.10. Vermeer Corporation
11.11. Teknamotor Company
11.12. Bandit Industries, Inc.
11.13. Oliver Machinery Corporation
11.14. Michael Weinig AG
11.15. IMA-Schelling Group
* LE - Lumber Equipment
TABLE 1 Market Snapshot: Global Lumber Equipment (LE) Market Value
TABLE 2 Global LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 3 Global LE Market: by End-user, 2016 - 2026 (US$ Bn)
TABLE 4 Global LE Market , by Geography, 2016 - 2026 (US$ Bn)
TABLE 5 North America LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 6 North America LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 7 North America LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 8 North America LE Market, by Country/Region, 2016 - 2026 (US$ Bn)
TABLE 9 U.S. LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 10 U.S. LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 11 U.S. LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 12 Rest of North America LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 13 Rest of North America LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 14 Rest of North America LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 15 Europe LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 16 Europe LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 17 Europe LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 18 Europe LE Market, by Country/Region, 2016 - 2026 (US$ Bn)
TABLE 19 U.K. LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 20 U.K. LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 21 U.K. LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 22 Germany LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 23 Germany LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 24 Germany LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 25 France LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 26 France LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 27 France LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 28 Rest of Europe LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 29 Rest of Europe LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 30 Rest of Europe LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 31 Asia Pacific LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 32 Asia Pacific LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 33 Asia Pacific LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 34 Asia Pacific LE Market, by Country/Region, 2016 - 2026 (US$ Bn)
TABLE 35 China LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 36 China LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 37 China LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 38 Japan LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 39 Japan LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 40 Japan LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 41 India LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 42 India LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 43 India LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 44 Rest of Asia Pacific LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 45 Rest of Asia Pacific LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 46 Rest of Asia Pacific LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 47 RoW LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 48 RoW LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 49 RoW LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 50 RoW LE Market, by Country/Region, 2016 - 2026 (US$ Bn)
TABLE 51 Middle East & Africa LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 52 Middle East & Africa LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 53 Middle East & Africa LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 54 Latin America LE Market, by Equipment type, 2016 - 2026 (US$ Bn)
TABLE 55 Latin America LE Market, by Operating Principle, 2016 - 2026 (US$ Bn)
TABLE 56 Latin America LE Market, by End-user, 2016 - 2026 (US$ Bn)
TABLE 57 Bandit Industries, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 58 Avant Tecno Oy: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 59 Redwood Global Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 60 Changzhou LEFA Industry and Trade Co., Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 61 EMB MFG, Inc. : Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 62 Trelan Manufacturing : Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 63 UNTHA Shredding Technology GmbH: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 64 Salsco, Inc. : Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 65 Laitilan Metalli Laine Oy : Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 66 Vermeer Corporation : Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 67 Teknamotor Company : Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 68 Oliver Machinery Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 69 Michael Weinig AG: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 70 Biesse Group: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 71 IMA-Schelling Group: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
FIG. 1 Market Segmentation: Global Lumber Equipment (LE) Market
FIG. 2 Research Methodology: Global LE Market
FIG. 3 Global LE Market, by Equipment type, 2017 (US$ Bn)
FIG. 4 Global LE Market, by Operating Principle, 2017 (US$ Bn)
FIG. 5 Global LE Market, by End-user, 2017 (US$ Bn)
FIG. 6 Global LE Market , by Geography, 2017 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2017
FIG. 8 Global Market Positioning of Key Lumber Equipment Manufacturers, 2017
FIG. 9 Global LE Market Value Share, by Equipment type, 2017 & 2026 (Value, %)
FIG. 10 Global LE Market for Harvesters, 2016 - 2026 (US$ Bn)
FIG. 11 Global LE Market for CNC Routers, 2016 - 2026 (US$ Bn)
FIG. 12 Global LE Market for Chain & Chisel Mortising Machines, 2016 - 2026 (US$ Bn)
FIG. 13 Global LE Market for Grinding Machines, 2016 - 2026 (US$ Bn)
FIG. 14 Global LE Market for Sawmills, 2016 - 2026 (US$ Bn)
FIG. 15 Global LE Market for Shredders, 2016 - 2026 (US$ Bn)
FIG. 16 Global LE Market for Sander Machines, 2016 - 2026 (US$ Bn)
FIG. 17 Global LE Market for Others, 2016 - 2026 (US$ Bn)
FIG. 18 Global LE Market Value Share, by Operating Principle, 2017 & 2026 (Value, %)
FIG. 19 Global Electric LE Market, 2016 - 2026 (US$ Bn)
FIG. 20 Global Mechanical LE Market, 2016 - 2026 (US$ Bn)
FIG. 21 Global LE Market Value Share, by End-user, 2017 & 2026 (Value, %)
FIG. 22 Global Lumber Equipment type Market for Pulp & Paper Industry, 2016 - 2026 (US$ Bn)
FIG. 23 Global Lumber Equipment type Market for Construction Industry, 2016 - 2026 (US$ Bn)
FIG. 24 Global Lumber Equipment type Market for Timber Factories & Sawmills, 2016 - 2026 (US$ Bn)
FIG. 25 Global Lumber Equipment type Market for Others, 2016 - 2026 (US$ Bn)
FIG. 26 North America LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 27 U.S. LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 28 Rest of North America LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 29 Europe LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 30 U.K. LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 31 Germany LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 32 France LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 33 Rest of Europe LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 34 Asia Pacific LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 35 China LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 36 Japan LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 37 India LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 38 Rest of Asia Pacific LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 39 Rest of the World LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 40 Middle East & Africa (MEA) LE Market Value, 2016 - 2026 (US$ Bn)
FIG. 41 Latin America LE Market Value, 2016 - 2026 (US$ Bn)