The image-based barcode reader market forecasts a Compound Annual Growth Rate (CAGR) of 7% until 2030. This growth trajectory is propelled by the widespread integration of highly advanced smartphones across society, ushering in a new era of application-driven retail solutions. QR codes and barcodes, once primarily used for inventory management, are now becoming invaluable assets for captivating …
Category Archives: Industrial News
Global Non-Destructive Testing (NDT) Inspection Services Market Projected to Surpass US$ 19.3 Billion by 2032, Driven by a Decent CAGR of 7.7%
The global Non-Destructive Testing (NDT) inspection services market is poised for substantial growth, with a noteworthy Compound Annual Growth Rate (CAGR) projected to exceed 6% from 2020 to 2030. This significant expansion is attributed to the influential impact of automation, a response to the manufacturing sector’s increasing demand for faster and more efficient processes. Non-Destructive Testing (NDT) …
FMI Analysis Predicts Global Universal Milling Machines Market to Surge Past US$ 28,352.9 Million Valuation by 2033, Growing with a Steady 4.9% CAGR
The global universal milling machine market is embarking on a dynamic trajectory, starting from its initial valuation of US$ 17,572.9 Million in 2023. With a steadfast Compound Annual Growth Rate (CAGR) of 4.9%, this market aims to attain an impressive valuation surpassing US$ 28,352.9 Million by the conclusion of the forecast period. Renowned for its versatility and …
Global Wine Fermentation Equipment Market Projected to Surge Past US$ 2,173.3 Million Mark by 2033, Driven by a Steady CAGR of 4.0%
The global wine fermentation equipment market is positioned for substantial expansion, showcasing a steadfast Compound Annual Growth Rate (CAGR) of 4.0%. From its initial valuation of US$ 1,468.2 million in 2023, the market is anticipated to reach an impressive US$ 2,173.3 million by 2033, marking a flavorful odyssey of progress on the global stage. At the heart …
Global Tea Processing Equipment Market Expected to Reach Valuation of US$ 25.4 Billion by 2033, Driven by an Average 6.4% CAGR
The global tea processing equipment market is poised to attain a valuation of US$ 12.8 billion by 2023, projecting a robust Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2033. By the close of the decade, an impressive valuation of US$ 25.4 billion is anticipated, emphasizing the enduring global preference for tea. At the core …
Global Small Continuous Fryer Market Anticipated to Reach US$ 1,007.0 Million Milestone by 2033, Growing at a Steady CAGR of 4.4%
The global small continuous fryer market is poised to achieve a noteworthy valuation of US$ 1,007.0 million by 2033, a significant increase from its 2023 value of US$ 654.7 million. This impressive trajectory is sustained by a consistent Compound Annual Growth Rate (CAGR) of 4.4% throughout the forecast period, fueled by factors such as the rapid expansion …
FMI Study Reveals Global Inflatable Tents Market Predicted to Surge Past US$ 1,496.0 Million Mark by 2028, Growing with a Decent 7.5% CAGR
A robust 7.5% Compound Annual Growth Rate (CAGR) is projected for the global inflatable tents market, with an anticipated valuation of US$ 1,496.0 million by 2028. This growth is attributed to several key drivers, with the burgeoning adventure tourism sector playing a pivotal role. The flourishing tourism industry, particularly the adventure travel segment, is a significant …
Global Glass Door Merchandisers Market Anticipated to Surpass Valuation of US$ 13,557.9 Million by 2028, Driven by a Decent CAGR of 7.5% | FMI Analysis
A recent study by Future Market Insights (FMI) predicts a significant rise in the glass door merchandisers market, reaching an estimated value of US$ 13,557.9 million by 2028. This promising forecast indicates a robust growth trajectory with a Compound Annual Growth Rate (CAGR) of 7.5% from 2022 to 2028. FMI’s in-depth analysis underscores the market’s potential, …
Global Power Tool Gears Market Forecasted to Gears Up for US$ 8.38 Billion Valuation by 2030, Growing with an Average CAGR of 5.1%
The FMI analysis projects significant for the power tool gears market, with the industry value expected to surpass US$ 8.38 billion by 2030. This expansion will be driven by a steady Compound Annual Growth Rate (CAGR) of 5.1% over the forecast period. FMI’s comprehensive study, with detailed half-yearly comparisons, offers valuable insights into the key factors …
Global Oil & Gas Fittings Market Predicted to Exceed US$ 1,675.4 Million Milestone by 2029, Driven by a Steady CAGR of 3.4% | FMI Analysis
Future Market Insights (FMI), a leading provider of market research and consulting services, forecasts a steady growth trajectory for the global oil & gas fittings market. The report projects a valuation of US$ 1,675.4 million by 2029, driven by a consistent Compound Annual Growth Rate (CAGR) of 3.4% from 2022. FMI’s comprehensive analysis delves into the …