Market Research Blog

The global digital map market is estimated at US$ 14 Billion in 2021 and is projected to reach US$ 16.2 Billion by 2022. The market is expected to reach US$ 61.2 Billion by 2032 while recording a CAGR of 14.2% during the forecast period from 2022 to 2032. There has been a lot of interest in the development of routable digital maps that compute from trajectory data in the last few years due to the ease and cost-effectiveness of gathering all the necessary information.

A new concept, Routable Digital Maps (RDM), has emerged with the development of Intelligent Transportation System (ITS) applications. Graphs such as these allow routing and other useful applications since they contain features such as speed limit, travel time, etc. These days, many individuals use real-time data mining tools (RDMs) as a method of avoiding traffic congestion by finding alternate routes to their destinations. All these factors has propelled market demand for digital maps in the market.

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Key Takeaways:

• The global digital map market is currently valued at US$ 16.2 Billion, with a CAGR of 14.2% during the forecast period.
• Software Solutions digital map to expand at a CAGR of 14.5% during the forecast period
• In the U.S., the market is expected to reach US$ 26.5 Billion while growing at a CAGR of 14% during the forecast period.
• China’s market is projected to grow at a higher rate of 15.4% CAGR during the forecast period.
• India recorded a CAGR of 15.7% CAGR during the forecast period.
• Japan is expected to reach a CAGR of 15% during the forecast period between 2022 and 2032.

Digital Map Market Landscapes

Key Players that have been profiled in the report are TomTom NV, HERE Technologies, Apple Inc., Alibaba Group, Navinfo Co., Ltd, INRIX Inc., Baidu, Inc., MapBox Inc., Environmental Systems Research Institute (ESRI), and Alphabet Inc. Through innovative products and technologies businesses will enable its customers to take full advantage of new technological advances.

• In March 2022, Atlatec, a company that specializes in digital mapping, has been acquired by Bosch to bolster its position in automated driving. With the pending acquisition, Tier 1 supplier will now be able to offer to its customers all the necessary components of automated driving, including actuators, sensors, and software from a single source. There was an agreement not to disclose the purchase price between the companies. Regulatory approval is necessary for the acquisition to be completed.
• Major cities will be able to explore 3D in Apple Maps by September 2021. With the release of iOS 15, Apple Maps has the most significant update with an attractive new city settings experience that includes rich details, driving directions with better navigation, immersive walking directions displayed in augmented reality, and so much more. In addition to London, Los Angeles, New York City, and the San Francisco Bay Area, the update, which extends the new Apple Map that they spent years developing from the ground up, is now available in 50 more cities.

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More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global digital map market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights By Type (Software Solutions,(Web-based, Desktop, Mobile App) Maps(data), Services), By Application (Indoor Navigation/Positioning(Airports, Retail Stores, Health Care Facilities, Others(Educational Institutes, Museums, Other Commercial Buildings) Outdoor Maps (Automotive, Mobile & Internet, Government & Utilities, Real Estate/ Construction. Others (Energy & Mining, Agriculture)) & By Region (North America, Europe, Asia Pacific, Middle East, and Africa, Latin America

Key Segments Covered

By Type:

• Software Solutions
  • Web-based
  • Desktop
  • Mobile App
• Maps (data)
• Services

By Application:

• Indoor Navigation/Positioning
  • Airports
  • Retail Stores
  • Health Care Facilities
  • Other
    • Educational Institutes
    • Museums
    • Other Commercial Buildings
• Outdoor Maps
  • Automotive
  • Mobile & Internet
  • Government & Utilities
  • Real Estate/Construction
  • Others
    • Energy & Mining
    • Agriculture

By Region:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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The Business Process Automation (BPA) Market is expected to reach US$ 37.3 Bn in 2032, likely to surge at a vigorous 11.9% CAGR during the assessment period.

Key trends in business process automation include managing the business workflows and streamlining the business processes. This includes improved integration between different business processes and applications and increased usage of cloud-based BPM technologies. Due to the rise in automation levels in enterprises, business process management (BPM) has assumed a vital role in helping organizations gain a competitive advantage.

Advanced technologies and frameworks have emerged at accelerated pace to enable organizations to automate their business processes. The interest in BPM among businesses is growing in line with the increase in digitalization, globalization and digitization of industries.

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Adoption of cloud-based business process automation solutions has made BPM more accessible to organizations of all sizes. Key attributes of cloud-based BPA software includes high scalability, faster deployments to meet the service delivery demand, 24×7 continuous availability and low cost of operations.

Key Takeaways

• By deployment type, the cloud-based BPA software segment is anticipated to account for the leading share in the global business process automation market.
• On premise BPA software segment is estimated to grow at a robust CAGR of 7.3% through the forecast period.
• Among the enterprise size, the large enterprise segment is estimated to grow by 2.8X during the forecast period.
• By industry, the BFSI industry segment is anticipated to grow at the highest CAGR of 14.5% from 2022 to 2032, followed by IT & Telecom industry.
• North America is expected to dominate the business process automation market followed by Europe in 2022.
• South Asia & Pacific region is estimated to be the fastest-growing region during the forecast period.
• The market in the U.S. is expected to progress at a CAGR of around 10.9% through 2032.
• In India, the business process automation market is expected to grow by 4.4x during the forecast period.
• Business process automation market in East Asia is estimated to witness an absolute $ opportunity of US$ 5,583.1 Mn in the forecast period.

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Business Process Automation (BPA) Market Outlook By Category

By Deployment Mode:

• On-premise BPA Software
• Cloud-based BPA Software

By Enterprise Size:

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

By Industry:

• IT & Telecom
• Retail
• Government
• Healthcare
• BFSI
• Manufacturing
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• The Middle East and Africa (MEA)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global cloud telephony services market is expected to grow at a CAGR of 9.5% throughout the forecast period, growing from a valuation of US$ 20.7 Bn in 2022 to US$ 51.5 Bn by 2032. The shift of telecom vendors from traditional phone lines to IP telephony services is the key driver driving the growth of the cloud telephony service industry. This movement has been ascribed to cloud telephony services’ control capabilities and improved return on investment (ROI). A cost-effective alternative to traditional telephony systems that include ISDN and PSTN is cloud telephony.

One of the most important factors driving global cloud telephony services market growth is the rising penetration of mobile devices. Aside from that, the increasing penetration of electricity and internet services in developing countries has increased the market prospects for cloud telephony. The growing trend of digitalization and the resulting demand for software as a service (SaaS) technologies are expected to drive the cloud telephony services market share expansion.

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The need for cloud-based solutions is driven by benefits such as scalability, affordability, 24/7 availability, adaptability, auto-update feature, and big storage capacity. Similarly, several beneficial features such as call reporting and call monitoring choices, cost-efficiency, user-friendly interface, and others are expected to move the cloud telephony service market forward.

Furthermore, new product launches and continuous technological improvements are likely to generate favorable growth possibilities for the cloud telephony services market in the coming years. Owing to the benefits connected with clouds, such as affordability, 24/7 availability, scalability, flexibility, auto-update function, big storage capacity, and so on, the cloud segment is likely to dominate the market over the projection period.

Furthermore, one of the major factors driving the demand for cloud telephony is the increasing usage of mobile phones.

As per the global cloud telephony services market study, because all offices are closed and businesses have resorted to an online manner for their activities, the COVID-19 pandemic has a favorable impact on the global cloud telephony service market. Cloud telephony services assist enterprises and companies in establishing good communication via contact centers with less expenditure and equipment while also efficiently resolving client queries.

The transfer of telecom businesses from traditional to IP networks is a fundamental element driving cloud telephony services market growth. Furthermore, the market’s growth is fueled by the increasing adoption of mobile phone devices among end consumers. The market’s expansion, however, is hampered by data loss and privacy issues. Furthermore, the worldwide cloud telephony service market adoption trends are likely to benefit from an increase in demand for software-as-a-service technologies across several industrial verticals.

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Key Takeaways

• Owing to the rise in adoption of cloud and IoT technologies, as well as the existence of advanced IT infrastructure to run enterprise applications and deliver solutions to clients seamlessly, North America currently dominates the cloud telephony service market and is projected to continue to do so during the forecast period.
• The voice over internet protocol segment is expected to rise at a CAGR of 14.3% throughout the forecast period.
• Because of technological developments in the European telecommunications business, Europe is set to see major global expansion. The shift of European industries to cloud-based services is expected to boost the cloud telephony service market forward.
• The US cloud telephony services market is projected to reach a valuation of $US 12 Bn by 2032.

Competitive Landscape

The highly competitive nature of the worldwide cloud telephony service market drives leading companies to employ a variety of organic and inorganic business growth techniques. Because global marketplace competition is fierce, vendors take proactive steps to provide a diverse service portfolio to fulfil customers’ constantly changing needs.

As per the cloud telephony services market study by FMI, to maintain their market competency, leading vendors use a variety of ultimate business growth tactics such as partnerships, collaborations, mergers, and acquisitions. Leading market companies are working on developing new technologies to help the sector run more efficiently by reducing the amount of time and money it takes to do so.

In the cloud telephony services market, important players include 8×8, Inc., AVOXI, BroadSoft, Cisco Systems, Inc., DIALPAD, Exotel Techcom Pvt. Ltd., Go 2 Market India Pvt. Ltd., Knowlarity Communications Pvt Ltd., LeadNXT, Megapath, Microsoft Corporation, Mitel Networks Corporation, Natterbox Ltd., NetFortis, Nextiva, NFON AG, NovaCloud Pty.

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Key Segments:

By Deployment

• Hosted
• Cloud

By Enterprise Size

• Small & Medium Enterprise (SME’s)
• Large Enterprises

By Network

• Public Switched Telephone Networks (PSTNs)
• Voice over Internet Protocol (VoIP)

By Application

• Conferencing
• Multi-level IVR
• Sales & Marketing
• Customer Relationship Management (CRM)

By Industry

• Banking, Financial Institutions, and Insurance (BFSI)
• Education
• Government
• Healthcare
• Media & Entertainment
• Retail
• Telecom & IT

By Region

• United States
• Canada
• Austria
• Germany
• France

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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According to Future Market Insights (FMI), the instant payments market is forecasted to be valued at US$126.4 Bn in 2032, increasing from US$ 18.3 Bn in 2021. It is predicted to record a robust CAGR of 18.1% over the forecasted period of 2022 to 2032.

Advancements in digital technologies and the number of internet users have increased the adoption of online payment gateway systems for instant wire transfers to bank accounts around the world. Improving living standards and growing levels of consumerism across the developing economies have also increased the demand for different online payment gateways, further boosting the global instant payments markets.

The use of instant virtual Visa card by users have also experienced significant growth over the past couple of years. Several companies have adopted instant merchant services for achieving higher sales of their products by providing a better buying experience for customers. The development of the banking sector for providing online services has also made the integration of offshore merchant account instant approval methods easier than before.

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The prevailing gap in digital literacy, particularly in low-income countries, and hesitancy in providing bank details over online platforms are anticipated to limit the growth of instant electronic funds transfer services provided by many market players.

Key Takeaways

• The net worth of the global instant payments market stands at US$ 24 Bn in 2022. At the present growth rate, it is expected to witness a growth of US$ 102.3 Bn in terms of the absolute dollar through the forecast years of 2022 to 2032.
• Instant payment systems around the world that charge some amount for the services is the highest-grossing segment for the global instant payments market than the free of cost type. This segment is predicted to grow at a rate of 17.9% through the forecast years by virtue of its quality services.
• Over the years, the online mode of fund transfer has been adopted by many points of money transactions. People to people or P2P money transfers are the most popular segment of the global instant payments market that is anticipated to witness the highest growth rate than other applications at a CAGR of 17.4% during the forecast time period.
• North America dominates the global market in providing instant payment services for the merchants operating in the regional markets. Instant approval merchant account in the USA is attributed to acquiring almost 35% of the global instant payments market and is anticipated to be worth nearly US$ 44.7 Bn in 2032 by growing with the highest CAGR of 17.8%.
• The geographical region of Asia Pacific follows North America in terms of total contribution to the market share through the higher number of PoS instant payment installations in the regional markets. China, Japan, and South Korea are the top-performing countries together, accounting for up to 16% of the global instant payments market.

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Competitive Landscape

The major players operating in the global instant payments market include Vocalink, SWIFT, Danske Bank, Paytm, OCBC, Barclays, Apple, Bayer, Ripple, and Paypal.

The major strategy adopted by the prominent market players of the global instant payment market is collaborating with several regional banks and financial institutions to make their instant payment platforms more trustworthy among users. Many market players have also introduced prepaid cards with instant bank transfers that are anticipated to provide them an edge over their competitors.

• Apple Company partnered with Goldman Sachs in 2019 to launch a credit card under its banner. This card facilitates the instant online transfer of money for its customers and is expected to increase the company’s portfolio in the global market.

Key Segments:

By Type

• Charge
• Free

By Application

• B2B
• B2C
• P2P
• O2O
• C2C

By Region

• North America
• Latin America
• Middle East and Africa
• Europe
• Asia Pacific

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Sales in the global dust extractors market are slated to top US$ 2.2 Bn in 2022. Expanding at a healthy 8.5% CAGR, the market size is projected to total US$ 3.6 Bn by 2028.

Increasing need to enhance the quality of air that is being released from industrial and commercial activities is set to drive the sales in the market. Also, the ability of these extractors to collect unwanted impurities, debris, and dust from the surroundings where they are being installed is likely to propel the growth of the market.

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Besides this, rising awareness about dust control products in the cement manufacturing industry is anticipated to spur demand. Coupled with this, surging development of technologically advanced systems for dust extraction is projected to fuel the market in the forthcoming years.

While adoption of dust extractors in medium dust class will retain a dominant share over that in the low dust class in the long run, the latter is highly likely to outpace former owing to the impressive growth of commercial building sector. Sales are likely to experience a considerable hike in the forthcoming years, as the demand from major end-use sectors, particularly commercial building and offices, is on a constant rise.

Construction sites, though envisaged to remain key demand generator in the dust extractor space, will be closely trailed by the wood working segment. The report positions wood working applications of dust extractors market as an important demand contributor to the market and projects a healthy rate of growth for the dust extractor demand in wood working segment.

DYI Applications Boosting Potential of Online Sales Channels

Growing number of projects in the commercial space construction landscape will remain a significant booster for the demand growth of dust extractors at a global level. Moreover, noteworthy increase in the number of DIY applications, strongly backed by flourishing online retail channels, has been cited in the report as important factors impacting the growth of dust extractor market in years to come.

The report has attributed growth of DIY applications segment to the progress of home improvement industry, observed in the recent past. In the light of success registered by leading online distributors of DIY vacuum cleaners such as Amazon, EBay, Alibaba, and ShopClues among others, a number of organizations are strategizing their entry to the E-commerce space.

The report projects that power tools sales are likely to emerge as a popular strategy among players, which are stepping in the online retail world for DYI vacuum cleaner sales. Growing consumer preference for online channels while shopping DIY application tools is instrumenting accelerated online sales of dust extractors, as per the report findings.

However, high price point associated with high-capacity vacuum cleaners will continue to restrain the accelerated growth of dust extractor market in the long run. In line with the potential competitive edge offered by dust extractor models with compact dimensional design and light weight, key manufacturers are following the growing trend of high R&D investments in innovative product launches.

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Japan to Rise as the Industry’s Manufacturing Hub

Europe is envisaged to emerge as a highly profitable region for the prominent consumers of dust extractors, towards the end of the forecast period. Currently, the US and Germany represent the most prominent countries generating significant demand for dust extractors, subsequently benefiting the markets in North America and Western Europe, respectively.

According to the report, the demand for dust extractors in developed regions will continue to be favorably influenced by the stringent regulatory framework of regional governments regarding the usage of vacuum cleaners. Furthermore, Japan is also anticipated to be a lucrative regional market for dust extractors, in terms of value and volume.

FMI’s analysis also depicts that Japan is currently reflecting the potential to develop into the new manufacturing hub. MEA is also projected to remain a prominent regional market for dust extractor sales, which has been primarily attributed to the robust growth of key end-use sectors across the region.

Dust Extractor Market: Vendor Landscape

The dust extractor market is largely fragmented, as a result of the strong presence of a large number of local and established players. The report provides details of some of the key players in the global dust extractor market, such as Milwaukee Tool, Alfred Kärcher SE & Co. KG, Makitra Corporation, Hilti Group, Robert Bosch GmbH, DeWalt (acquired by Stanley), Metabowerke GmbH, Panasonic Corporation, Nilfisk Inc., Tennant Company, Numatic International Ltd., Electrostar GmbH (Starmix), Bisell Inc., Fiorentini / Clemas & Co., Verimark (Pty) Ltd., and C & E Fein GmbH.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The companies providing industrial battery charger solutions aim to provide a better and more superior quality industrial battery charger to the market to ensure that they could differentiate from the other competitors. Similar actions were taken by Delta-Q Technologies as they introduced the RC1000 Industrial battery charger Market for use in floor care machines that are powered by a battery. The company is focused on evolving its portfolio for providing best-in-class charging solutions.

The increasing need for effective charging is expected to boost the demand for innovative technologies that provide rapid charging for industrial battery. Owing to this, there are various companies working towards providing faster charger alternatives. For instance, the Nidec Industrial solutions entered the segment of ultra-fast charging to foster the propelling demand for ultra-fast industrial battery charger.

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Delta-Q Technologies has also launched the industrial battery charger that is designed for small drones. The AI-powered battery management system enables the industrial battery charger to communicate with the smart batteries to monitor necessary parameters of the battery, as stated by the company.

Rapid Industrialization in Leading Countries to Foster the Growth of Industrial Battery Charger Market

Leading countries such as the United States has been providing growth opportunities for the industrial battery charger market players. The increasing industries, proliferating sectors, and major investments in such nations have given rise to increasing scope in these nations. For instance, the Piazza Produce, Inc. is being largely supported with industrial battery charger solutions by AMETEK Prestolite Power in its warehouse that the company aims to run 24/7.

Leading Investments in Battery Technology to Drive the Industrial Battery Charger Sale

The investments made by government of leading countries in facilities that improve battery development are expected to scale the demand for industrial battery charger. The UK government invested in the new center that would host the process of production and assembly thereby fostering the future of battery technologies.

Competitors in Industrial Battery Charger Market Recognize the Potential of the Product; Aim to Expand Capabilities

The key players that contribute to the industrial battery charger market includes AEG Power Solutions, LG Chem., ABB Ltd., Samsung SDI Co., ltd., NEC Corporation, Panasonic Corporation, Siemens AG, Tesla Motors Ltd., Lester Electrical, Panasonic Corp., General Electric Co., Minwa Electronics, Hitachi ltd, and Jackson Electronics.

ABB is a recognized as the leading players in the industrial battery charger market. The company is focused towards constant developments to grab a consistent place in the market. The company’s engineering center in UK would be double its size to ensure that it can offer extended services to customers.

LG Chem, a leading producer of industrial battery charger is working towards increasing its battery production capacity to ensure that the company can cater to future demand. This increasing producton of batteries is expected to boost the demand for industrial battery charger thereby fostering the market growth.

Exide is another name amongst the players in the industrial battery charger market, who recently unveiled its new line of industrial battery charger that is well-equipped to provide faster charging, while reducing the cost, carbon footprint, and service downtime.

Industrial Battery Charger Market Classification Traces the Several Segments that Collectively Consolidate in the Market

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When segmentation is based on the type of battery, the industrial battery charger market includes segments such as silicon controlled rectifier, high frequency, silicon controlled rectifier or ferroresonant hybrid, and ferroresonant.
Based on the battery configuration, the industrial battery charger market is classified into Float and Boost (FC & BC), Float Cum Boost (FCBC), Dual Float cum Boost (Dual FCBC), and Float and Float cum Boost (FC & FCBC).
Considering the application segments, the industrial battery charger market is divided into industrial equipment, power supply back up or uninterruptible power supply, electronic industry, power and thermal, and others.

Industrial Battery Chargers Market By Category

Technology :

• High Frequency Chargers/Switch Mode Based
• SCR (Silicon Controlled Rectifier)/ Thyristor Based
• Ferroresonant
• Hybrid (SCR + Ferroresonant).

Battery Rated Voltage :

• Up to 24V
• 48V
• 60V
• 110V
• Above 110V

Output Charging Current :

• 15A-50A
• 51A-150A
• 151A-250A
• 251A-500A
• Above 500A

Battery Type :

• SLA Batteries
• NiCd Batteries
• Plante Batteries
• Lithium Batteries

Configuration :

• FC & BC (Float and Boost)
• FC & FCBC (Float and Float cum Boost)
• Dual FCBC (Dual Float cum Boost)
• FCBC (Float cum Boost)

End-Use Sector :

• Railways
• Energy and Power
• Mining
• Manufacturing
• IT and Data Centers
• Marine
• Telecommunications
• Infrastructure
• Oil & Gas

Region :

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Middle East & Africa
• Japan

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor  the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
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A new research report of Future Market Insights (FMI) tracks global compost turning machine market Forecast performance over 2022-2028 and analyzes the demand patterns of compost turning machines on the basis of various attributes such as product type, output capacity, end-use industries, and region.

Over 3,200 compost turning machines were sold globally in 2018, with a moderate increase expected in 2019 and beyond. The compost turning machine market is expected to gain traction in the near future, owing to the growing importance of waste management and soil quality management concerns.

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Drum-type compost turner machine is likely to maintain a dominating market value share through 2028, as indicated by the report. However, elevating face type compost turner machine that currently accounts for more than a third of the total market value, is projected to gain significant traction in the years to come. The report has attributed this growth to manufacturers’ focus on developing new technologies for compost turning machines as per the demand from different countries.

Increasing Concern about Food Waste Management & Recycling Pushing Demand 

Increasing frequency of environmental changes is compelling consumers to move towards food waste recycling machines. Moreover, there has been an increasing level of awareness about food wastage among consumers, which is highlighting the importance of food waste recycling machines. This is one of the primary boosters for the revenue growth of compost turning machine market. According to research, the household sector accounts for over half of the food wasted, particularly in developed countries. Such factors are more likely to elevate the demand for compost turning machines throughout the forecast period.

Agriculture Industry Will Remain Significant End-use Segment in Compost Turning Machine Market

The agricultural end use of compost turning machine is expected to be a highly influential segment in compost turning machine market, according to the report. FMI has attributed the maximum market value share of agricultural industry in compost turning machine market to the growing demand for compost for the maintenance of organic carbon content of soil, eventually improving the uptake of nutrients by soil. Also, these machines reduce the use of fuel consuming land preparation processes owing to improvement in soil health, further advocating the adoption of compost turning machines.

Developed Regional Markets for Compost Turning Machine to Hold Noteworthy Revenue Shares

Agriculture industry in North America and Western Europe is heavily mechanized and commercialized. While agriculture is a major industry in both Canada and the US, the former has been one of the largest agricultural exporters and producers around the world. Moreover, highly developed agricultural practices in North America will provide endless opportunities to compost turner machine manufacturers during the forecast period.

Compost turning machine market in fast progressing Asian countries such as India and China is also registering significant growth owing to stringent government regulations that are likely to promote the use of this equipment in food manufacturing plants.

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Key Segments of Compost Turning Machine Industry Survey

Compost Turning Machine Market by Product Type:

• Drum Compost Turning Machines
• Elevating Face Compost Turning Machines

Compost Turning Machine Market by Output Capacity:

• Below 500 Cubic Mtrs/h
• Between 500-1,000 Cubic Mtrs/h
• More than 1,000 Cubic Mtrs/h

Compost Turning Machine Market by End Use:

• Compost Turning Machines for Construction Industry
• Compost Turning Machines for Agriculture Industry
• Compost Turning Machines for Manufacturing Industry

Global Compost Turning Machine Market: Competitive Landscape

Some of the players profiled in the global compost turning machine market report include Terex Corporation, Vermeer Corporation, Eaggersman AG, Scarab International, Midwest Bio-Systems, Inc., Brown Bear Corporation, EarthSaver Equipment Inc., Komptech Group, Frontier Industrial Corporation, Alliance Fertilizer Machinery, HCL Machine Works, and Blue Group among others. Manufacturers are likely to maintain the focus on product technology innovations for sustained market value shares in the compost turning machine landscape.

Key Segments of Compost Turning Machine Industry Survey

Compost Turning Machine Market by Product Type:

• Drum Compost Turning Machines
• Elevating Face Compost Turning Machines

Compost Turning Machine Market by Output Capacity:

• Below 500 Cubic Mtrs/h
• Between 500-1,000 Cubic Mtrs/h
• More than 1,000 Cubic Mtrs/h

Compost Turning Machine Market by End Use:

• Compost Turning Machines for Construction Industry
• Compost Turning Machines for Agriculture Industry
• Compost Turning Machines for Manufacturing Industry

Compost Turning Machine Market by Region:

• North America Compost Turning Machine Market
• Latin America Compost Turning Machine Market
• Europe Compost Turning Machine Market
• East Asia Compost Turning Machine Market
• South Asia & Pacific Compost Turning Machine Market
• Middle East & Africa (MEA) Compost Turning Machine Market

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor  the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global industrial noise control market sales were valued at around US $5,529.1 Mn at the end of 2021. The market is projected to register 4.6% CAGR and a top valuation of US $7,550.0 Mn by 2028. With an ever increasing demand for noise control solutions, manufacturers are focusing on using new materials for industrial noise control solutions.

Industrial noise control product manufacturers in the United States are focusing on developing noise reduction solutions for a wide range of industrial environments and manufacturing sites. In the United States, manufacturers of industrial noise control products and systems focus on providing a wide range of industrial noise control solutions to customers.

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For noise and vibration control in the industrial environment, various products such as industrial fan silencers, industrial exhaust silencers, acoustic blankets, and other products are available. The US Industrial Noise Control Market is expected to grow at a 2.6% CAGR during the forecast period.