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Mechanical & Electrical Machinery
The mechanical and electrical machinery market in Bangladesh has been experiencing significant growth in recent years. Bangladesh is one of the fastest-growing economies in the world, and as a result, the demand for mechanical and electrical machinery products has been rising steadily.
The best exhibition organizer in Bangladesh Eco Expo believes that, Bangladesh is a growing market for mechanical and electrical machinery products, and the country imports a wide range of items to meet domestic demand and support its industrial and technological development. According to the top event organizer in Bangladesh Eco Expo, some of the mechanical and electrical machinery products that Bangladesh imports are:
- Consumer Electronics
- Mobile Phones and Smartphones
- Computers and Laptops
- Electronic Components
- Audio-Visual Equipment
- Cameras and Photography Equipment
- Power Generators
- Electric Motors and Transformers
- LED Lighting Products
- Electronic Gadgets and Accessories
- Electrical Wires and Cables
The top event organizer in Bangladesh Eco Expo believes that, Bangladesh electronics product market will reach $5.17 billion by 2025 with the current growth trend and consumers behavior, a study claim.
While there is an increasing emphasis on local manufacturing, Bangladesh still relies on imports for a significant portion of its electric and electronic products. China, South Korea, Japan, and other countries are major suppliers of these products.
Overall, the best event organizer in Bangladesh appreciates that, the mechanical and electrical machinery market in Bangladesh is witnessing robust growth driven by factors like economic development, urbanization, rising disposable incomes, and government initiatives. The market offers opportunities for both local and international companies to tap into the growing consumer demand.
Revenues in the consumer mechanical and electrical machinery market amount to USD 9,843 million in 2022. The expected annual growth of the market is 7.94%.
Since Bangladesh has a huge market for mechanical and electrical machinery products, Bangladesh often organizes trade fairs with other countries, including China and India. Even during the Corona pandemic, the Bangladesh part of the fair was organized online by Eco Expo.
Although Bangladesh has become more self-sufficient in the electric and electronic market in the past few years, Bangladesh still imports a good number of products. The top event organizer in Bangladesh Eco Expo Believes that Bangladesh market is a big market for mechanical and electrical machinery products.
Hardware & Building Materials
The Hardware & Building Materials segment includes a diverse range of products that play an important role in the structure, safety, and functionality of a building. In terms of hardware, this includes various items relating to doors, cabinets, floors, and garage accessories. Also included in this category are products related to home safety and security. Building materials cover products related to key components of home improvement such as doors, walls, ceilings, and windows, as well as concrete, cement, and masonry.
Bangladesh imports a variety of hardware building materials to support its construction and infrastructure development projects. The best exhibition organizer in Bangladesh Eco Expo believes that, the country’s construction industry has been growing rapidly, leading to an increased demand for building materials. Some of the hardware building materials that Bangladesh imports include:
- Steel and Iron Products
- Cement and Concrete
- Tiles and Ceramics
- Plumbing and Sanitary Materials
- Electrical Wiring and Fittings
- Glass and Glazing Products
- Hardware and Fasteners
- Roofing Materials
- Wood and Timber Products
- Insulation Materials
- Paints and Coatings
- Adhesives and Sealants
- Ladders and Scaffolding
Revenue in the Hardware & Building Materials market amounts to US$19.81bn in 2023. The best exhibition organizer in Bangladesh Eco Expo appreciates that, the market is expected to grow annually by 2.52% (CAGR 2023-2028). [Statista]
The reliable event organizer in Bangladesh Eco Expo believes that, Building Materials Bangladesh has experienced rapid urban development for decades and the capital Dhaka has emerged as one of the fastest growing mega-cities in the world. Large-scale infrastructure development and urbanization have driven the growth and demand for building materials such as steel and cement products. So, hardware and building material is a good market for Bangladesh.
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