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EV Transmission System Market will reach a value of US$ 45282.3 Million by 2033

The global EV transmission system market is projected to register at a moderate-paced CAGR of 17.8% over the forecast period. The EV transmission system market is currently valued at US$ 8799.9 Million in 2023. By 2033, demand for EV transmission systems is expected to reach US$ 45282.3 Million.

The EV transmission industry is expanding due to several factors, including the increasing popularity of EVs and the growing demand for clean automobiles. The EV transmission system market is also expected to benefit from government programs that encourage the purchase of electric vehicles. However, the expensive price of EVs is slowing the expansion of the sales of the EV transmission system. In addition, developments in EV technology and the deployment of Vehicle-To-Grid (V2g) EV charging stations are anticipated to create

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Due to their lighter weight and smaller size, these engines generate fewer harmful emissions. These downsized small engines are multifaceted due to their compact and cost-effective design. As a result, major players in the EV transmission industry have a lot of room to grow owing to the advancement of transmission system technology for EVs.

Key Takeaways

In 2023, the European region will account for 46% of all revenue.
Over the period from 2023 to 2033, the demand for battery EVs is projected to exceed US$ 20,000 Mn.
In terms of total revenue, the AT transmission system segment is expected to account for almost 55% by 2023.
In 2023, vehicles made up 61% of the revenue pie by type of vehicle.
It is projected that the offline EV transmission system market would expand at a CAGR of 22.39% between 2023 and 2033.

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Competitive Landscape

Leading companies in this industry include Dana Limited, ZF Friedrichshafen AG, AVL List GmbH, Continental AG, and Eaton. Most of these businesses are investing in expanding production to reduce emissions from cars and the auto industry.

Continental AG has started mass production of its electric powertrains in China, and it is already being used by both European and Chinese Original Equipment Manufacturers (OEMs). To further illustrate the quick shift in focus towards electrification in response to stricter emission laws, the company has ceased investing in components used in Internal Combustion (IC) engines. The major competitors in the EV transmission system market are investing heavily in R&D to create game-changing electric vehicle technology, which is projected to drive market growth.

Key Segments in the EV Transmission System Market

Vehicle Type:

Battery Electric Vehicle
Plug-in Hybrid Electric Vehicle
Hybrid Electric Vehicle

Transmission Type:

Single Speed
Multi-Speed

Transmission System:

AMT Transmission,
CVT Transmission,
AT Transmission
Others

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Region:

North America
Latin America
Asia Pacific
MEA (Middle East and Africa)
Europe

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Hydrogen Trucks Market worth US$ 119.18 Billion by the year 2033

According to FMI reports, the global hydrogen trucks market is expected to grow by nearly US$ 3.84 Billion by 2023. This is with a substantial and impressive CAGR of 41% expected over the forecast period, which is projected to reach over US$ 119.18 Billion by the year 2033.

Each of these factors is anticipated to have a sizable impact on the market for hydrogen trucks throughout the projected period. This is due to the fact that hydrogen trucks can completely remove all carbon dioxide and other dangerous pollutants from the atmosphere, helping to preserve the environment.

The global market is impacted by a number of variables, including environmental concerns, government initiatives for hydrogen fuel cell infrastructure, a large initial investment in infrastructure, technological breakthroughs, and future possibilities.

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The popularity of hydrogen trucks may rise as people become more aware of the negative impacts of traffic congestion, air pollution, and greenhouse gas emissions. This is because they are more environmentally friendly than other types of conventional vehicles.

Key Takeaways from the Hydrogen Trucks Market Study

North America dominates the market for hydrogen trucks.
The hydrogen trucks are expected to increase at a notable CAGR of 41%.
Asia Pacific region is expected to grow at the fastest rate with an increased revenue share.
Hydrogen fuel cell forklifts have become more popular as people increase awareness regarding environmental issues, government initiatives, and increasing concern about cost-effectiveness.

Competitive Landscape for the Hydrogen Trucks Market

Various producers and service providers occupy considerable shares of the global market, including Anglo American Platinum Ltd. and Ares Motor Works. The companies have been successful in acquiring new and long-term contracts from different countries over the years.

Cellcentric GmbH & Co. KG, Dongfeng Motor Corporation, Esoro AG, Beiqi Foton Motor, Cummins Inc., H2X Global, Hyundai Motor Company, Hyzon Motors, Jaguar Land Rover Automotive, Kenworth Trucks, Paccar, Nikola Corporation and others, the market is growing and establishing a strong global presence.

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Recent Developments in the Hydrogen Trucks Market

Together, Hyzon and ORTEN’s complementary product lines, as well as ORTEN’s body and powertrain kits, offer customers a complete solution for making their fleets zero-emission. Moreover, ORTEN’s management maintains extensive and permanent contact with customers throughout Germany.

An investment of $2.3 million will be made in the Alberta Zero-Emissions Truck Electrification Collaboration (AZTEC) project by the Jr. Minister of natural resources, Seamus O Regan. A consortium of project partners, including the Hydrogen Technology and Energy Corporation, Bison Transport, and Canadian Energy Systems Analysis Research, led this project.

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Hydrogen Trucks Market by Category

By Product, the Hydrogen Trucks Market is Segmented as:

Heavy Duty trucks
Medium Duty Trucks
Small Duty Trucks

By Application, the Hydrogen Trucks Market is Segmented as:

Logistics
Municipal

By Range, the Hydrogen Trucks Market is Segmented as:

Above 400 Km
Below 400 Km

By Region, the Hydrogen Trucks Market is Segmented as:

North America
Latin America
Europe
The Middle East and Africa
East Asia

Author

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Bioinsecticides Market Poised for Explosive Growth: Reach US$ 287 Million by 2033

By 2033, the bioinsecticides market is anticipated to reach a value of about US$ 287 million. In 2023, it’s expected to surpass a value of around US$ 101.3 million. During the assessment period of 2023 to 2033, the market is anticipated to surge at a CAGR of 11.0%.

In 2022, the bioinsecticides industry was estimated to be worth around US$ 90.5 million. In the forecast period, it is expected to provide an absolute dollar opportunity of US$ 185.7 million.

In recent years, the market for bioinsecticides has steadily grown. It is primarily motivated by a range of strong arguments that highlight how agriculture and pest management are evolving.

The trend points to a wider shift toward environmentally responsible and sustainable agricultural practices. One of the main factors is a growing awareness of the harmful effects of traditional chemical pesticides on ecosystems, non-target animals, and human health.

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Alternatives that are less harmful to the environment and human welfare are becoming more and more necessary. This is due to growing consumer and government concern about these repercussions on a global scale.

Growing use of integrated pest management (IPM) strategies has raised the demand for bioinsecticides. IPM emphasizes the use of several pest management strategies in a comprehensive approach, which helps to reduce the over-reliance on chemical remedies.

Bioinsecticides are a good fit for IPM since they are created from living organisms including fungi, bacteria, and plants. They provide a potent management tool for pest populations. They can also aid in reducing resistance in the target pests, an issue typically associated with chemical pesticides.

As a result of increased trade and globalization, invasive pests have spread to new regions, significantly affecting ecosystems and agriculture. Bioinsecticides might be able to defeat these invasive species with a clear advantage. They can be specifically developed to eradicate these pests without harming local species.

Bioinsecticides are regarded as a preferred solution for maintaining ecological balance and biodiversity in agricultural contexts. These have excellent targeting abilities and have little impact on beneficial insects such as predators and pollinators.

Stronger regulations governing the use of chemical pesticides are motivating farmers and landowners to consider less harmful alternatives. For crops with rigorous residue regulations and those intended for export, bioinsecticides are expected to be a good choice.

They frequently have reduced maximum residue levels and shorter pre-harvest times. This regulatory pressure has led to an increasing usage of bioinsecticides as a component of an all-encompassing pest management strategy. Sales might also be boosted by the high demand for residue-free meals.

Research and advancements in biotechnology have led to the discovery of new bioinsecticide formulations that have increased efficacy and longer shelf lives. Farmers might be more likely to incorporate these things into their pest management strategies.

A greater shift toward sustainable agriculture would be reflected in a rising demand for bioinsecticides. It is anticipated that this will prioritize long-term ecological health and food security over immediate concerns.

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Key Takeaways from Bioinsecticides Market Study:

The global bioinsecticides market expanded at a considerable CAGR of 5% in the historical period from 2018 to 2022.
South Korea bioinsecticides industry is likely to create an incremental opportunity of around US$ 10.7 million in the review period.
Japan bioinsecticides industry is expected to top a valuation of US$ 41.6 million by 2033.
Based on source, the microbials segment is anticipated to witness a CAGR of about 9% in the assessment period.
In terms of application, the cereals and grains segment registered a CAGR of 1% between 2018 and 2022.

“Bioinsecticides might offer adaptable and unique pest control methods that are better able to handle the changing pest activity brought on by climatic changes. These pesticides typically take their inspiration from living things, including beneficial insects or microbes. Their adaptability can raise awareness of them as a safe and efficient pest control technique. This is projected to create new opportunities for leading players.” – Says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

Manufacturers of bioinsecticides are investing in research & development to create novel formulations that increase product stability, shelf life, and efficacy. This covers delivery methods, adjuvants, and encapsulating technologies that maximize the release of active substances.

Utilizing biotechnology, they are creating bioinsecticides with improved characteristics such as greater specificity, faster action, and resistance to environmental influences. Creation of bioinsecticides designed to successfully target particular pests would be made possible through genetic alterations.

Advantages of utilizing bioinsecticides are being made known to farmers, agronomists, and consumers by small manufacturers who are funding instructional programs. Workshops, seminars, and online resources are used to highlight the environmental benefits and show proper application techniques.

A small number of other businesses are gaining certificates that confirm the security, effectiveness, and environmental impact of their products. Certifications such as organic certifications can increase consumer confidence and make it easier to access markets.

For instance,

A well-known producer of peptide-based bioinsecticides, Vestaron, debuted Spear RC, a new product in the Spear family, in February 2023. Lepidopteran pests such as armyworm, soybean looper, and cotton bollworm would be killed by this new treatment. It is designed to be used in a range of crops, including cotton, soybeans, and rice.

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Top Key Players in the Global Market

BASF SE
Bayer AG
Certis USA L.L.C.
Novozymes
Marrone Bio Innovations

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Automotive Battery Management System Market Size to be worth US$ 37.4 billion by 2033

According to ESOMAR-certified Future Market Insights’ (FMI), The Automotive Battery Management System Market is anticipated to register a CAGR of 25.6%. It is predicted that the market for car battery management systems will grow from US$ 3.8 billion in 2023 to US$ 37.4 billion by 2033.

In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth.

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In order to manage lithium-ion batteries, which have higher energy densities and longer operating lives than conventional batteries, EVs, HEVs, and electric motorcycles employ battery management systems. Throughout the projection period, the expansion of the electric vehicle industry is also predicted to offer significant opportunity for EV component producers of automotive battery management systems.

“In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.”

Key Takeaways of Automotive Battery Management System Market Study

Consumer demand across the globe is beginning to bend in favor of electric vehicles, and has strong disruption potential with governments providing purchasing incentives and subsidiaries.
With the dawn of electro-mobility and the resulting increase in EV production, automakers are offering tailored electric vehicles with modification in battery management systems.
APEJ is anticipated to remain the fastest-growing region in the automotive battery management system market during the forecast years, owing to several countries encouraging the usage of EVs. China leads the global fleet of electric vehicles.
Hybrid electric vehicles hold more than two-third of the global EV fleet. Increasing sales of HEVs are foreseen to fuel the demand for battery management systems in the future.
Electric vehicle fleet is significantly low as compared to ICE vehicles. As a result, the OEM sales channel is projected to retain its prominence throughout the forecast period.
Although centralized BMS account for a lion’s share in the global market, modular BMS are expected to witness high growth due to its superior functional benefits over its counterparts.

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Automotive Battery Management System Market: Competition Overview

The global automotive battery management system market is moderately consolidated, with a number of global as well as regional players operating in it.

Key Players Operating in Automotive Battery Management System Market Include:

Continental Ag, Dana Limited, Gentherm, Hanon Systems, Mahle Gmbh, Nxp Semiconductors, Renesas Electronics Corporation, Robert Bosch Gmbh, Valeo, Marelli Holdings Co., Ltd.

Key Segments Covered in the Automotive Battery Management System Market Report

By Vehicle Type:

Electric Vehicle
Golf Karts
Electric Bikes

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By Connection Topology:

Centralized
Distributed
Modular

By Sales Channel:

Original Equipment Manufacturer (OEM)
Aftermarket

By Region:

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

Author

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Endodontics and Orthodontics Market Poised for Steady Growth, Projected to Reach a 5.3% CAGR growth until 2032, as per FMI

The global endodontics and orthodontics market is experiencing a significant surge, with industry experts forecasting a Compounded Annual Growth Rate (CAGR) of 5.3% from 2022 to 2032. This projection reflects a steady rise in market value, with current sales expected to reach an impressive US$ 5.09 billion by 2022.

The growth trajectory of the endodontics and orthodontics sector can be attributed to a confluence of factors driving innovation and demand. Technological advancements, evolving patient preferences, and an increased emphasis on oral health are among the primary drivers fueling this expansion. As these elements continue to shape the landscape of dental care, the industry is witnessing unprecedented growth, marking a pivotal moment in its evolution.

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Technological innovations have played a crucial role in reshaping the landscape of endodontics and orthodontics, facilitating more efficient treatment procedures and enhancing patient experiences. From advanced imaging techniques to the development of novel materials and tools, the industry continues to leverage cutting-edge technologies to improve treatment outcomes and patient satisfaction.

Furthermore, evolving patient preferences have propelled demand for more personalized and minimally invasive dental solutions. Patients are increasingly seeking treatments that align with their individual needs and preferences, driving the adoption of innovative techniques and approaches within the industry.

Moreover, there has been a notable increase in global awareness regarding the importance of oral health, prompting individuals to prioritize preventive and corrective dental care. This growing emphasis on oral health has spurred the demand for endodontic and orthodontic treatments, further fueling the industry’s growth trajectory.

Endodontics and Orthodontics are two distinct branches of dentistry that focus on different aspects of oral health and treatment. Let’s explore each of these markets separately:

Endodontics Market:

Instruments and Equipment: This segment encompasses the tools and machines used by endodontists to perform procedures like root canals. This includes endodontic files, apex locators, and dental chairs with specialized features.
Materials: Endodontic materials include gutta-percha, sealers, and various disinfectants used during root canal treatments.
Services: This includes the professional fees charged by endodontists for performing root canal procedures.
Technology: Advances in technology have led to innovations such as digital radiography and 3D imaging, which have improved the accuracy of diagnosis and treatment planning.

Orthodontics Market:

Orthodontic Appliances: This segment includes traditional braces, clear aligners (e.g., Invisalign), and other devices used to correct dental misalignments.
Orthodontic Services: This encompasses the professional services provided by orthodontists for consultation, treatment planning, and adjustments of orthodontic appliances.
Orthodontic Supplies: Suppliers and manufacturers of orthodontic products like wires, brackets, and bands play a significant role in this market.
Digital Orthodontics: The adoption of digital technology in orthodontics has led to the development of computer-aided design (CAD) systems for custom orthodontic appliances.

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Competitive Landscape:

Examples of some of the key players featured in the Endodontics and Orthodontics market report include:

Danaher
Dentsply Sirona
3M
Align Technology
Straumann Group
Henry Schein
Dentsply Sirona
Danaher
3M
Institut Straumann AG
Align Technology, Inc.
Coltene Group

Market Segmentation:

The endodontics and orthodontics market is segmented by product type, application, and region.

By product type, the market is segmented into instruments and consumables. Consumables are expected to dominate the market during the forecast period due to their high volume usage.
By application, the market is segmented into endodontics and orthodontics. Orthodontics is expected to be the fastest-growing segment during the forecast period due to the rising demand for cosmetic dentistry.
By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to account for the largest market share during the forecast period due to the high prevalence of dental diseases and the early adoption of new technologies.

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Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Biobased Biodegradable Plastic Industry Anticipates Significant Growth: Expected to Reach US$ 13.6 Billion by 2033 with 10% CAGR

biobased biodegradable plastic industry

The biobased biodegradable plastic industry is expected to be valued at US$ 5.2 billion in 2023. The market is predicted to expand at a 10% CAGR from 2023 to 2033, reaching US$ 13.6 billion by 2033.

Growing public awareness of plastic waste and its negative environmental impact has increased the popularity of biobased biodegradable polymers. Customers and companies are looking for sustainable options that decrease plastic waste and protect the environment.

Globally, rigorous laws and regulatory frameworks prohibit single-use plastic and encourage the usage of biodegradable materials. Adherence to these rules is a primary motivator, driving firms to use biobased biodegradable polymers for various uses.

Many corporations are implementing biobased biodegradable polymers in their corporate social duty programs. Sustainable practices in company practices improve the brand’s reputation and fulfill the needs of environmentally conscious customers.

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Persistent bioplastic technological advancement is resulting in the invention of new and affordable recyclable materials. Manufacturing methods and material composition breakthroughs have broadened the practical usage of biobased biodegradable polymers.

Client preferences are evolving, and there is a burgeoning eco-conscious customer base. Customers favor biodegradable plastic in items and packaging, prompting businesses to spend on those substances and fueling market growth.

Sustainability issues, tough restrictions, and customer preference for environment-friendly alternatives are driving considerable growth in the biobased biodegradable plastic industry in the United States.

The market has been propelled further by increasing public consciousness of plastic waste and an increasing focus on business sustainability practices.

The proactive involvement of the United Kingdom in Circular Economy frameworks has stimulated the emergence of bioplastic recycling facilities, offering new market prospects. Leading brands and retailers are switching to recyclable packaging, boosting the industry’s development.

Key Takeaways

The United States will be valued at US$ 1.2 billion by 2033.
The market in the United Kingdom is predicted to expand at a 9.6% CAGR from 2023 to 2033.
The biobased biodegradable plastic market in the United Kingdom is projected to reach US$ 400 million by 2033.
The biobased biodegradable plastic market in China is anticipated to be worth US$ 1.4 billion.
The market in China is expected to record a CAGR of 10.1% through 2033.

“Partnership between the public and business sectors will encourage research and provide a steady supply of novel biodegradable products. Market dominance in emerging nations, combined with increased awareness of ecological issues globally, is expected to fuel market growth,” – says FMI analyst.

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Competitive Landscape

Competitiveness in the market fluctuates from minimal to considerable depending on area. Competition is moderate because of the enormous number of participants in Europe and North America. On the other hand, due to limited market participants, competition in Asia Pacific is minimal.

Key market players are investing heavily in research and development to introduce revolutionary biodegradable plastic materials that are sturdy and easily recyclable in the natural environment.

Futerro declared plans in December 2022 to build an initial vertically linked biorefinery in Europe in Normandy, France, to manufacture and reuse PLA.
NatureWorks held a ceremony in February 2023 to commemorate the completion of the organization’s Ingeo PLA production complex in Thailand.

Key Companies Profiled

BASF SE
Plantic Technologies
Toray Industries
Total Corbion PLA
Natureworks
Biome Bioplastic.
Bio-On
Mitsubishi Chemical Corporation
Danimer Scientific
Novamont S.P.A.

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Segmentation Analysis of the Biobased Biodegradable Plastic Market

By Product Type:

Polyester
Starch blends
Poly lactic acid (PLA)
Cellulose
Polyhydroxyalkanoate (PHA)
Other biobased biodegradable plastic

By Application:

Packaging
Fibres
Healthcare
Agriculture
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
The Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Global Hypoparathyroidism Treatment Market Set to Witness Substantial Growth US$ 1,767.4 Million by 2033: influenced by a commitment to Patient-Centered Care

The global hypoparathyroidism treatment market is poised for significant expansion, reveals a comprehensive market analysis conducted by Future Market Insights. Valued at US$ 777.4 million in 2022, the market is forecasted to reach an estimated US$ 841.9 million by the end of 2023. Moreover, the analysis anticipates a steady Compound Annual Growth Rate (CAGR) of 7.7% from 2023 through 2033, culminating in a projected market value of US$ 1,767.4 million at the close of the forecast period.

Hypoparathyroidism, a rare endocrine disorder characterized by insufficient levels of parathyroid hormone, serves as a primary catalyst for the escalating demand for innovative treatment modalities. This substantial market expansion underscores the growing focus on advancing therapeutic interventions to address the unmet medical needs of individuals affected by this condition.

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“The forecasted growth of the global hypoparathyroidism treatment market reflects the increasing recognition of the challenges faced by patients and healthcare providers in managing this rare disorder,” said a spokesperson from Future Market Insights. “As awareness grows and technology continues to evolve, there is a heightened demand for effective and patient-centric treatment options.”

The market analysis conducted by Future Market Insights indicates a robust trajectory for the hypoparathyroidism treatment industry, propelled by ongoing efforts to develop effective and patient-centric solutions. The remarkable growth underscores the industry’s commitment to addressing the unique challenges posed by hypoparathyroidism and improving the quality of life for those affected.

As the hypoparathyroidism treatment industry continues its upward trajectory, stakeholders, including pharmaceutical companies, healthcare professionals, and researchers, are encouraged to collaborate and innovate in the pursuit of groundbreaking solutions. This growth not only represents a significant market opportunity but also signifies a collective commitment to improving the lives of those grappling with this rare endocrine disorder.

Key Takeaways:

Over the next several decades, the Indian market is expected to grow at an 8.6% CAGR.
By 2033, the worldwide market is expected to be worth US$ 1767.4 million.
The United States has emerged as the dominant market, accounting for more than 37.7% of overall demand in 2022.
Over the next several decades, the Chinese market is expected to grow at a CAGR of 7.9%.
In 2022, the calcium supplements category accounted for 38.29% of market revenue.

Competitive Landscape:

Amolyt Pharma revealed an oral presentation at the 25th European Congress of Endocrinology (ECE) 2023 in May 2023. The presentation highlights the potential benefits of eneboparatide as a treatment for hypoparathyroidism, an illness in which numerous individuals have or are at risk of developing osteopenia and osteoporosis.
In November 2022, the Food and Drug Administration (FDA) authorized for Priority Assessment a new drug application (NDA) for TransConTM PTH (palopegteriparatide) in adults with hypoparathyroidism.

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Key Companies Profiled:

Takeda Pharmaceutical Company Limited.
Entera Bio Ltd.
Amgen Inc.
Ascendis Pharma A/S
F. Hoffmann-La Roche Ltd
ProLynx, Inc.
Extend Biosciences, Inc.
BionPharma Inc.
Teva Pharmaceuticals Ltd.

Hypoparathyroidism Treatment Market Segmentation:

By Product Type:

Parathyroid Hormone
- Natpara
- Others
Vitamin D Analogue
- Vitamin D2
- Vitamin D3
Calcium Supplements

By Route of Administration:

Oral
Parenteral

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Sales

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Carving Stations Market Projected to Reach US$ 31.99 billion by 2033

Carving stations are no longer exclusive to high-end buffets; they’re increasingly popular at catered events, restaurants, and even supermarkets. This carving stations market offers a unique dining experience, and here’s a breakdown of the key drivers, exciting opportunities, and trends shaping the carving station landscape:

Market Drivers:

Enhanced Dining Experience: Carving stations elevate the dining experience by offering freshly sliced meats, personalized portion control, and visual appeal.
Rise of Experiential Dining: Customers are increasingly seeking interactive and memorable dining experiences, which carving stations can provide.
Catering Industry Growth: The growing demand for high-quality catering services for events and weddings fuels the need for versatile and aesthetically pleasing carving stations.
Focus on Sustainability: Carving stations can help reduce food waste by allowing for controlled portioning and minimizing pre-sliced meat spoilage.
Protein-Centric Diets: The popularity of protein-rich diets increases demand for high-quality carved meats like roasts, hams, and turkeys.

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Market Opportunities:

Innovation in Design and Functionality: Developing heated carving stations with integrated sharpening tools, lighting, and sneeze guards can enhance functionality and safety.
Portable and Modular Units: Offering portable and modular carving stations caters to off-site catering events and restaurants with limited space.
Focus on Multi-functionality: Designing carving stations that can accommodate different meats and double as serving stations increases their appeal.
Material Advancements: Utilizing easy-to-clean, stain-resistant materials like stainless steel improves hygiene and simplifies maintenance.
Renting and Leasing Models: Offering rental or leasing options for carving stations makes them accessible to businesses with occasional use cases.

Market Trends:

Increased Focus on Presentation: Carving stations are becoming more decorative and visually appealing, often incorporating natural elements like wood and stone.
Live Cooking Performances: Some high-end establishments are showcasing carving as a live performance art, adding to the dining experience.
Sustainability-focused Features: Carving stations with built-in drip trays to collect juices for reduction or reuse appeal to eco-conscious customers.
Touchless Technologies: The integration of touchless controls or foot pedals for opening and closing sneeze guards can enhance hygiene in a post-pandemic world.
Customizable Carving Stations: Manufacturers can offer customizable carving stations with branding options and accessories to cater to specific client needs.

Electric Garbage Van Market Set to Reach US$ 2,630.1 Million Market by 2033 at a CAGR of 13.5%

The global electric garbage van market size is worth US$ 741.3 Million as of now and is expected to reach US$ 2,630.1 Million by the year 2033 at a robust CAGR of 13.5% between 2023 and 2033.

The present-day scenario is such that the end-consumers are turning out to be extra-conscious regarding environment-friendly measures. As such, the governments are also propagating promotion of the electric vehicles. Emission-free vehicles are being tabled. This factor is expected to keep the cash registers ringing for electric garbage market going forward.

Plus, the fact that global garbage would witness 70% increase in the global garbage by the year 2050 is prompting manufacturers to increase production of electric garbage vans. Also, prices of batteries are decreasing coupled with high-performance electric vans being developed.

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It has been observed that electric garbage tippers are in greater demand as compared to battery operated electric garbage vans. Commercial electric garbage vans are preferred over industrial electric garbage vans, especially in the post-pandemic era.

At the same time, there is a dearth of sufficient infrastructure to charge and maintain electric garbage vehicles. This factor is expected to restrain the electric garbage van market. Besides, electric garbage vehicles’ short range and limited capacity are there to add to the hindrances.

Key Takeaways from the Electric Garbage Van Market Report:

North America holds the largest market share with the US being subject to strict anti-pollution laws getting enacted. As such, more number of city administrations are focusing on the usage of electric garbage vans in fleets. For instance – Los Angeles sanitation service has shown commitment toward conversion of garbage collection vans to the battery power by the year 2035. On the similar grounds, the New York City Sanitation Department does plan having a fleet of 100% electric garbage vans by the year 2040.
Europe holds the second-largest market share with the UK and Germany leading from the front. Also, there is a strong production base available for every kind of automotive product. New models are also being floored herein. The government of the UK has actually pledged to turn all vans and cars into zero-emission vehicles by the year 2050.
The Asia-Pacific is expected to grow at the fastest rate in the electric garbage van market going forward with India and China dominating. Plus, it has been reported that in China there is a well coordinated policy creation as well as execution with regards to material and waste resources. Australia and Japan are expected to pick up pace herein. India is also expected to handsomely contribute to the growth of electric garbage van market with the government passing stern emission rules in this regard.

Competitive Landscape:
The key participants in electric garbage van market include Prestantia, Ceeon India, Jessun Techno Pvt. Ltd., Heil Co., Kirchhoff Group, McNeilus, Bridge Truck Manufacturing, Hauli-All Equipment, Curbtender, and likewise.

The players mentioned above are engaging into various modes of expansion inclusive of new product launch, mergers, acquisitions, partnerships, joint ventures, and likewise to strengthen their position in the electric garbage van market going forward.

GreenWaste, in the year 2019, did add first-generation electric garbage van (from BYD) to the fleet. It has been found that usage of this vehicle every year does save 78 metric tons of carbon dioxide close to 6K gallons of fuel.

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Electric Garbage Van Market Segmentation:

By Product Type:

Garbage Tipper
Garbage Cycle eRikshaw
Battery Electric Van
Others

By Loading Capacity:

Less than 500 Kg
500 to 800 Kg
More than 800 Kg

By End User:

Commercial Garbage Van
Industrial Garbage Van
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Electric Vehicles Take Charge: Composite Tooling Set for a Sustainable Future

In 2022, the composite tooling market had a value of US$ 493 million. In 2023, sales of composite tooling are projected to reach US$ 525 million. Demand is expected to grow at a 4.9% CAGR between 2023 and 2033, according to the estimate.

By the end of 2033, revenue is projected to reach about US$ 847.4 million. Manufacturing lightweight, long-lasting goods, which are especially valuable in industries like aerospace, automotive, and wind energy, requires composite tooling.

Lightweight composite materials are crucial in the aerospace sector to improve fuel efficiency and reduce emissions. Composite tooling enables the efficient manufacturing of complex aerospace components, driving demand for precise and durable molds.

Composite materials help reduce the weight of vehicles, enhancing fuel efficiency and performance. The automotive sector’s shift towards electric vehicles also benefits from lightweight composites, stimulating the need for advanced tooling to shape these materials.

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Wind turbine blades and other renewable energy components often utilize composite materials for their strength-to-weight ratio. Demand for such components increases the requirement for specialized tooling to ensure accurate and reliable production.

Lightweight and strong materials are sought after in sports equipment such as tennis rackets, golf clubs, and bicycles. The demand for high-performance products drives the need for efficient composite tooling.

Shipbuilding and nautical sectors are adopting composites to enhance vessel performance and reduce maintenance. As demand for lightweight marine structures soar, composite tooling becomes essential for precision manufacturing.

Lightweight and durable materials are crucial in medical device manufacturing. Composite tooling aids in producing intricate medical components that require both precision and durability.

The demand for lightweight and durable consumer goods, such as electronics casings and furniture, can be met with composite materials. Composite tooling ensures efficient production of these items.

Composites find applications in construction due to their high strength and corrosion resistance. Composite tooling assists in producing architectural components and infrastructure materials like bridges and facades.

Military applications benefit from lightweight yet robust materials for vehicles, equipment, and shelters. The composite tooling market supports the production of these specialized products. The aerospace sector’s focus on fuel efficiency and performance has driven the adoption of composite materials, leading to a higher demand for advanced composite tooling.

As the automotive sector seeks to enhance fuel efficiency and reduce emissions, composite materials are being used more extensively, thereby boosting the demand for composite tooling.

Wind turbine blades and other components require composite materials, creating opportunities for composite tooling manufacturers due to the expansion of the renewable energy sector.

Innovations such as automated manufacturing, 3D printing, and computer-aided design have improved the efficiency and precision of composite tooling production. Ongoing efforts to streamline manufacturing processes and reduce material waste contribute to the growth of the composite tooling industry.

The shift towards electric vehicles (EVs) necessitates lightweight materials for improved battery efficiency, driving the demand for composite tooling in EV manufacturing. Composite materials are finding applications in the medical field, such as prosthetics and medical devices, creating additional demand for specialized composite tooling.

The construction sector is adopting composite materials for various structural elements, boosting the demand for tooling required in their manufacturing. Continuous research to develop new composite materials with enhanced properties opens up opportunities for tooling manufacturers to cater to evolving market needs. Strict environmental regulations and standards encourage sectors to explore eco-friendly materials such as composites, resulting in high tooling requirements.

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Key Takeaways from the Study:

Sales of composite tooling had escalated at 7.1% CAGR during the historical period between 2018 and 2022,
By resin type, the epoxy segment is set to witness 4.8% CAGR over the forecast period from 2023 to 2033.
Based on application, the automotive division is projected to register 4.7% CAGR between 2023 and 2033.
The United States is estimated to account for a significant valuation of US$ 170.2 million by 2033.
China is set to register a sum of US$ 171.5 million by 2033 in the global composite tooling market.

“Surging demand for lightweight and durable composites will likely drive demand for composite tooling through 2033. Key manufacturers are focused on developing advanced composite tooling technologies for the automotive and aerospace sectors.” – says a lead Future Market Insights (FMI) analyst.

Competitive Landscape

Key manufacturers are incorporating sustainable practices into manufacturing processes, such as using recycled materials and minimizing waste generation. Manufacturers focus on constant process improvement to enhance the quality and consistency of their composite tooling products. They are developing cost-effective manufacturing processes to offer competitive pricing without compromising on quality.

For instance,

In November 2022, Tygavac Advanced Materials Ltd. will now be known as Airtech Advanced Materials the United Kingdom, according to a statement from Airtech Advanced Materials Group.
In September 2020, Toray Advanced Composites announced the opening of a distribution facility in the United States for their high-performance, well-proven Toray AmberTool® HX56 prepregs for composite tooling, boosting the accessibility of top composite tooling technologies in the region and the speed of delivery.

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Top Key Players

Airtech International Inc.
Ascent Aerospace
Formaplex; Gurit Holding AG
Hexcel Corporation

Find More Valuable Insights

The research report analyzes the demand for the composite tooling market. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply-side and demand factors.

As per Future Market Insights (FMI), the market has been analyzed based on resin type (epoxy, BMI, and others), and application (automotive, aerospace & defense, wind, and others) across various regions.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani