Stringent Government Regulations Regarding Shutting-Down of Different Industry's Operations Due to COVID-19 Pandemic has Impacted the Plastic Trunking Market in the FY 2020

The article cited AMA's "Global Plastic Trunking Market Study" explored CAGR of 13.1%. According to the report, Growing Adoption of Online Sales Channel is one of the primary growth factors for the market. Rising Electrification Across Residential, Commercial, and Industrial Sectors is also expected to contribute significantly to the Plastic Trunking market. Overall, Residential applications of Plastic Trunking, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology, such as Self-Adhesive, is boosting the Plastic Trunking market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Sales Channel, such as Online, is boosting the Plastic Trunking market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Plastic Trunking market identified that the demand is rising in many different parts of the world as "Opportunities Across Asia Pacific Region". Furthermore, some recent industry insights like "In April 2023, Conduit Tech, Inc. (Conduit Tech), a start-up working to accelerate installation of high-efficiency HVAC systems, today announced the successful close of their Seed Series financing round led by Breakthrough Energy Ventures (BEV) with participation from Emerson Collective, Picus Capital, Pear VC, and Collab Fund." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Plastic Trunking market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Plastic Trunking market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Plastic Trunking market size is calculated using market estimation process, the Plastic Trunking market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Plastic Trunking market size has been validated using both top-down and bottom-up approaches.