New Product Development
The Conveyor system market will register steady growth with the overall valuation forecast to surpass US$ 13.7 Bn in 2021. The market’s worth will increase at a compound annual growth rate (CAGR) of 4.5% between 2021 and 2031. Global Conveyor system sales are expected to return to 2019 level, with shipments expected to reach 16,000 units by the end of 2031, …
Continue reading “North America Conveyor System Market is set to expand at 3.5% CAGR: FMI”
Widespread usage of paper in the fast moving consumer goods (FMCG) sector boosts the growth of the paper industry, which eventually leads to escalation of demand for carbonate minerals that are used in manufacturing paper. Registering revenues of more than US$ 53 Bn in 2022, global carbonate minerals market is projected to exhibit a healthy CAGR during the forecast period …
A new study conducted by Future Market Insights (FMI) reveals that demand for automotive brake system and components will be driven by innovation in automotive ingenuity over the next couple of years. Electronics has over time evolved as the most crucial part in automotive. Integration of electronics has provided new growth dimensions to the automotive …
The global polymer concrete market is worth US$ 465 Mn as of now and slated to reach US$ 979.2 Mn by the year 2032 at a CAGR of 7.7% between 2022 and 2032. Polymer concrete comes across as a composite material using thermoplastic polymers with epoxy binder for hardening materials in construction vertical. The vital …
Continue reading “Polymer Concrete Market to Hit US$ 979.2 Mn by 2032 | Future Market Insights”
By the end of 2022, the global collaborative robotics market is expected to exceed US$ 1.71 billion. The emergence of advanced robots capable of collaborating with humans in fields such as smart parts assembly and electronic component manufacture and assembly is increasing demand for collaborative robots. According to Future Market Insights, the collaborative robotics market is estimated to …
The market for passenger boarding bridges was valued at US$ 1.88 billion in 2021, and by the end of 2029, sales are projected to reach US$ 3.10 billion. The demand for passenger boarding bridges is being driven by the aviation industry’s rapid automation and growing emphasis on safety measures. Between 2022 and 2029, demand in the passenger boarding bridge …
The global tennis equipment market size is likely to reach US$ 9 Bn in 2022. According to the report, the tennis equipment market is projected to expand at a CAGR of ~2.9% during the forecast period. Racquets are expected to contribute the highest revenue share in the global tennis equipment market in 2022. In recent years, increasing number of women participation in sports activities …
Continue reading “Tennis Equipment Market to Hit US$ 10.8 Bn by 2029 | Future Market Insights”
In 2022, sales in the global market for carbide tools are anticipated to reach US$ 7.0 Bn. By 2029, the market size is expected to reach US$ 10.7 Bn, growing at a healthy 7.2% CAGR. The market will be driven by the durability of machine tools and tool holders made of carbide. The edges of cutting equipment can be kept …
Hydraulic gear pump sales continue to grow strongly with the construction industry’s growth, sustained automobile sales, and adoption by mining industry operators. A recent Future Market Insights (FMI) study projects a steady growth outlook for the global hydraulic gear pumps market, reaching a valuation of US$ 2.5 Bn at the end of the forecast period. Greater …
ESOMAR-certified consulting firm Future Market Insights’ (FMI) recent market survey forecasts sales of electric scooters to continue increasing between 2021 and 2031. As per the report, the market will reach US$ 8.8 Bn in 2021, leading to expansion at a healthy 9% CAGR. Growing environmental concerns, coupled with demand for reduced costs of commute, easy commutation, and emission control are …
