The global vibration control systems market is on track for significant expansion, with an anticipated annual growth rate of 6.2% Year-on-Year (Y-o-Y), aiming to reach a substantial valuation of USD 9.01 billion by 2032. Despite facing challenges such as supply chain disruptions, particularly affecting sectors like automotive, aerospace, and healthcare equipment manufacturing from 2020 to 2022, the …
Monthly Archives: June 2024
Global Edge Bending Machine Market Forecasted to Exceed USD 385.6 Million Valuation by 2032, Growing at 3.1% CAGR | FMI Study
The global edge bending machine market is experiencing a significant upsurge, poised to surpass a valuation of USD 385.6 million by 2032, driven by a steady Compound Annual Growth Rate (CAGR) of 3.1% from 2022 onwards. This growth trajectory, initiated by the expanding applications of these machines across various manufacturing sectors, reflects a notable increase from its …
Plant-Based Food Market Set to Surge with Projected 12.2% Annual Growth, Anticipated USD 35.9 Billion by 2033
According to Future Market Insights’ new report, the global plant-based food market is anticipated to exceed US$ 11.3 billion in 2023. Total market size is expected to reach US$ 35.9 billion by 2033. Sales of plant-based foods are projected to escalate at a CAGR of 12.2% over the forecast period (2023 to 2033). Rising trend of veganism and flexitarians worldwide is providing a strong …
Global Flexible Plastic Packaging Market to Hit US$ 171.6 Billion by 2033, Driven by Sustainable Solutions and Rising E-commerce Demand
Flexible Plastic Packaging Market Future Market Insights (FMI) has released a new report projecting that the global flexible plastic packaging market will grow from US$ 108.3 billion in 2023 to US$ 171.6 billion by 2033, achieving a compound annual growth rate (CAGR) of 4.7% over the forecast period. This growth is fueled by increasing demand for packaged …
Global Commercial Sink Market Aims to Exceed USD 1,409.2 Million Valuation by 2033, Driven by an Average 6.3% CAGR Growh
The commercial sink market is poised for significant growth, with a noteworthy Compound Annual Growth Rate (CAGR) of 6.3% projected over the decade from 2023 to 2033. Beginning its journey with a valuation of USD 810.4 million in 2023, this dynamic market anticipates achieving a substantial milestone, reaching a valuation of USD 1,409.2 million by the conclusion …
Canned Vegetable Market: Navigating the Path to a Projected USD 35,267.9 Million Valuation by 2034
Climbing consumer preference for healthy and convenient food options is leading the canned vegetable market to register a CAGR of 3.9% through 2034. An escalating preference for ready-to-eat vegetable products among millennials and Gen Z generations is potentially pushing the market to increase its valuation from US$ 24,164.8 million in 2024 to US$ 35,267.9 million by 2034. The market for canned veggies …
FMI Analysis States Global Electric Pizza Oven Market Surging Towards USD 455.1 Million Valuation by 2033, Growing at 6.7% CAGR
The electric pizza oven market is positioned for significant expansion, with projections indicating a valuation of USD 237.9 million in 2023, surging to USD 455.1 million by 2033. This growth is supported by an impressive Compound Annual Growth Rate (CAGR) of 6.7%. Robust historical data further underscores the market’s resilience, with a commendable CAGR of 5.8% in …
FMI Analysis Affirms Global Kitchen Hood System Market to Surge Past USD 18.45 Billion Mark by 2033, Driving a Steady 3.9% CAGR Growth
The global kitchen hood system market is advancing steadily, poised for a projected Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period. With its current valuation standing at USD 12.58 billion as of 2023, industry analysts project a notable upsurge, envisioning kitchen hood systems to yield an impressive revenue of USD 18.45 billion by 2033. …
Food Sterilization Equipment Market to Grow at 5.7% CAGR, Expected to Reach USD 850 Million by 2032
The food sterilization equipment market is witnessing significant growth due to increasing consumer demand for safe and healthy food products. With rising concerns over foodborne illnesses, food manufacturers are focusing on implementing advanced sterilization techniques to ensure product safety. The adoption of new technologies like irradiation, heat treatment, and chemical sterilization is driving the market’s expansion. The …
FMI Projects Global Kebab Machine Market Set to Cross USD 676.7 Million by 2033, Driven by an Impressive 9.3% CAGR Growth
The global kebab machine market is poised for remarkable growth, commencing at a valuation of USD 278.1 million in 2023. Projections suggest a sustained and impressive Compound Annual Growth Rate (CAGR) of 9.3% throughout the forecast period, driving the market’s value to an impressive USD 676.7 million by 2033. A significant catalyst behind this substantial growth is …