Fire Trucks Market is Set to Experience Revolutionary Growth by 2027 – FMI

With surging industrial safety concerns and frequently evolving safety regulatory guidelines, fire trucks continue to witness significant technological innovation. To cater to stringent norms set by the US NFPA (National Fire Protection Association) and other government affiliated entities, manufacturers of fire trucks are focusing on equipment upgrade – translating into demand growth in the fire trucks market.

According to Future Market Insights (FMI), the fire truck market will expand by 3.0% year over year in 2022, reaching a value of over US$ 6,551.1 by the end of the year.

Below 4% Y-o-Y Forecast for Fire Trucks Market Revenue in 2022

The global fire trucks market has been witnessing emergence of specialized fire trucks in recent past, which is foreseen to be an important factor contributing to market growth. However, the approximately US$ 5 billion global landscape of fire trucks is projected for a sluggish below 4% yearly growth rate in 2022 and ahead. A new market intelligence on global fire trucks landscape forecasts a passive growth outlook for the market. High initial capital and relatively low penetration rate are prominently posing a challenge to the market growth, as indicated by the report.

A senior market research analyst adds further, “Even though the fleets of fire trucks are aging, they are not being replaced by the new ones at a considerable pace. While this is straightaway hampering the sales of new fire trucks, the entire scenario ultimately results in limiting the revenue growth of global fire trucks market. This is foreseen to be the situation in the long run, if the same continues over coming years”.

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Improving Scope of Rescue Fire Trucks to Uplift Market in Developing Regions

Developing regional markets, experiencing dramatic advancements in construction and infrastructure industries, are compelling various governmental and non-governmental bodies to impose strict regulatory and administrative codes. This, according to the report, will remain the key factor propelling demand for fire trucks across emerging economies, in coming years.

More than 55% sale of fire trucks is accounted by adoption for residential and commercial end use applications, followed by that in enterprises and airports. While the rampant expansion of construction industry is cited responsible for catering to the demand for fire trucks in residential and commercial sectors, developed regional markets are presumably driven by consistently progressing interest in adoption of the cutting edge technologies enabled fire mechanical assemblies and equipment. The report thus highlights relatively high rate of fire trucks purchase across economies such as the US, UK, France, and others in North America and Europe.

While Europe and North America remains the global manufacturing and operational hubs for key manufacturers of fire trucks, the report projects a strong possibility of developing regions serving significantly in reshaping the entire competitive scenario of fire trucks market. A large number of SMEs in the fire trucks space are rapidly shifting their manufacturing bases to progressing economies – including China, India, Russia, Brazil, and ASEAN countries, to capitalize on the inexpensive labor costs and lucrative opportunities arising in the residential and commercial segments. The report says that over the next few years, Latin American market for fire trucks is likely to witness emergence of Brazil and ROW as production hubs for fire truck manufacturers.

The demand for rescue fire trucks is slated to sustain in airports to cater to soaring terminal security demands. Research also points to sustained sales of ARFF (aircraft rescue firefighting) vehicles for rescue operations at airport terminals. With a significant upsurge in air traffic and a considerably increasing number of airlines as a global level, it is more likely that the fire trucks demand at airports would be sustained over coming years.

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Over 50% Market Value Share Belongs to Seven Leading Players

The top seven players in fire trucks marketplace account for more than half of the total market value, as indicated by research. The prominent companies competing in this fairly consolidated landscape are investing in strategic acquisitions and collaborations in an effort to reaffirm their market positioning.

Long-term contractual deals for reliable supply of specialized fire trucks are likely to strengthen strategic relationship between market leaders and key distributers. Expanding existing fire trucks portfolio, with maintaining the focus on novel technological innovations, leading manufacturers and suppliers of fire trucks that are actively operating across the global value chain are projected to prioritize fire trucks and equipment upgrade.

Although pumpers and tankers contribute majorly to total sales of fire trucks at present, the report indicates growing demand for aerial platform fire trucks and rescue fire trucks – likely to shape competitive manufacturing strategies of key manufacturers in the market. In the backdrop of the rate of natural calamities occurred in recent past, it is more likely that rescue fire trucks would experience growing demand.

Fire Trucks Market: Segmentation

On the basis of product type, the global fire trucks market has been segmented into:

  • Pumpers
  • Tankers
  • Rescue Fire Trucks
  • Aerial Platform
  • Other Speciality Trucks

On the basis of end users, the global fire trucks market has been segmented into:

  • Enterprise & Airports
  • Residential & Commercial Buildings
  • Military
  • Others

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Key Questions Answered in the Report

  • How has the Fire Truck market evolved in the past four years?
  • What shape is the Fire Truck market expected to take, in terms of value and volume, during the forecast period?
  • What are the dominant market dynamics in the Fire Truck market?
  • How is the competition landscape at the moment and what are some of the trends in the Fire Truck market?
  • What are some of the underlying macroeconomic and industry factors impacting the growth of the Fire Truck market?

About Future Market Insights (FMI) 

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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Smart Pet Collar Market Size & Share | Global Industry Report for 2030

The smart pet collar is a multi-purpose tool, unlike the traditional collar. A smart pet collar is a high-tech collar that link wirelessly to a smartphone through Wi-Fi or Bluetooth and provide insights which help in tracking the activity and location of the pet.

The relationship between owner and pet is a very superior one. So it’s very dramatic when the owner’s pet lost/ stolen as there is an emotional attachment. Parallel to the growth of the mainstream wearable’s market there has been increase in the market for smart pet collar/ pet wearable’s.

Smart pet collars can also be used for training, and also includes several parameters like: GPS, temperature, and buzzer for location.

Moreover, the growing demand from working individuals for pet monitoring is one of the growth factors for the smart pet collars market. Further, due to the late working hours, pet owner’s demands for smart-connected collars that enables them to connect with their pets from their workplace.

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Reasons for Covering Smart Collar Market

Nowadays, awareness about the pet’s physical and mental ability being raised due to the raise in the disposable income in developed countries which drive the pet wearable market growth in coming years.

Rising concerns for the pet’s health are encouraging owners to invest in devices like: smart pet collar, which monitors the pet’s nutrition, track sleep patterns, calories burnt, etc.

The amalgamation of technology enables easy chasing of pets through smart devices, helping owners to find their lost and stolen pets. The adoption of smart pet collars keeps pets in safe zones, out of danger and off-limits spots. With the increase in the adoption of smart pet collars, players are focusing on providing more innovative products for improving pet care.

Smart Pet Collar Market: Regional Outlook

Increase in the advent of technology and smart devices and increasing trend towards pet adoption and raise in disposable income are the major growth drivers of smart pet collar market.

The smart pet collar market is classified into seven key areas: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa. North America is expected to be the leading market in global smart pet collar market. Also increase in innovative pet care products and others significant factors for driving the growth of smart pet collar in North America.

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Regions and Countries Analyzed in the Report

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Smart Pet Collar Market: Key Players

The global market players of smart pet collar consists of some leading players which are as follows:

  • Garmin
  • Whistle
  • Fit Bark
  • Findster
  • Link AKC
  • KYON
  • Tractive
  • Pet Pace
  • PETBLE
  • Find My Pet
  • DOTT, and others

KEY DEVELOPMENTS

  • Tractive recently launched a GPS tracker and activity monitor for cats, this enables the owners to discover where the cat go, how much time cat spend on various locations and find whenever is required.
  • Fit Bark partnered with Fit Bit, which allows them to add more features in smart pet collars so that the device can track daily distance walked including calories burned.

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Smart Pet Collar Market Segmentation

The global smart pet collar market can be categorized on the following basis:

On the Nasis of Product Type

  • GPS Based
  • Radio Based
  • Others

On the Basis of Application

  • Training
  • Tracking
  • Monitoring

On the Basis of Component

  • Displays
  • GPS Chips
  • Bluetooth Chips
  • Sensors

On the Basis of Sales Channel

  • Online Sales Channel
  • Offline Sales Channel
  • Multi-Brand Stores
  • Supermarkets/ Hypermarkets
  • Other Sales Channel

On the Basis of Price

  • Mass/ Economic
  • Premium

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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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Surfing Tourism Market is Expected to Surpass US$ 17 Bn by 2032

The global surfing tourism market is estimated to reach at a  US$ 9.5 billion in 2022 and are expected to surpass US$ 17 billion by 2032, moving forward with a CAGR of 6% during the forecast period (2022-2032).

Being a great cardiovascular exercise, the demand for surfing tourism is surging. Since this sport needs excessive paddling which turns out to be a good core workout, offering surfers intense upper body exercise.

With an impeccable growing rate, surfing has become a prominent action sport in the world and emerged as one of the most progressive tourism industries in the world, positively influencing the surfing tourism market outlook.

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Key Takeaways

  • The option of surfing tourism is on the surge as it is considered a great stress reliever and a fun activity which helps in reducing the negative effects of stress.
  • The increasing inclination of many health-conscious enthusiasts towards participating in surfing has been attributed to the surging demand for surfing tourism.
  • While surfing the body gets in touch with sunlight delivering adequate vitamin D along with regulating the amount of calcium and phosphorus in the body. Backed by such health benefits surfing tourism market is witnessing exponential growth.
  • According to several medical studies, surfing also helps in improving the quality of sleep, reducing mental stress, and reshaping the seep cycle which is expected to drive growth in the surfing tourism market.
  • As per several medical studies, salt water is a natural healer of injuries and frequent contact with sea water can aid in the prevention of injuries both on and off the surfboard, catering to the growing demand for surfing tourism.
  • The United States has the largest market for surfing tourism, greatly contributing to the growing share of North America which is predicted to hold 20% of the surfing tourism market share.

Competitive Landscape

AGIT Global North America, Inc., AJW Surfboard Boardriders, Inc., Body Glove, BruSurf, CANNIBAL SURFBOARDS, Channel Islands Surfboards, Firewire Surfboards, LLC, Global Surf Industries, Globe International Limited, Gul Watersports Ltd., Harbour Surfboards, Hydenshapes, Infinity Surfboards Inc., JS Industries, Keeper Sports Products, LLC, Mt Woodgee Surfboards, Naish International NSP International, O’Neill, Rip Curl International Pty Ltd., Rusty Surfboards, Tahe Outdoors Ltd., Volcom, LLC are some of the key companies profiled in the full version of the report.

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More Insights into the Surfing Tourism Market

Some of the popular surfing destinations across the globe include Ulu Watu in Bali, Playa Grande in Costa Rica, Bundoran in Ireland, Jeffreys Bay in South Africa, Huntington Beach in California, and Bondi Beach in Sydney, Taghazout in Morocco, Arugam Bay in Sri Lanka and Biarritz, France. These places are anticipated to surge market growth immensely in near future.

The U.S. is anticipated to dominate the North American region by contributing approx. 20% in the global surfing tourism market.

The surfing tourism market trends and forecast is likely to be fueled by several surf parks in the United States that use artificial wave technologies.

Countries like New Zealand and Australia are expected to drive lucrative growth in the global surfing tourism market by contributing 33% of the market share during the forecast period.

The Surfing Federation of India, which organizes various events throughout the year, is hosting the Indian Open of Surfing 2022, which is expected to augur well for the Asia-Pacific surfing tourism market share.

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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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Bamboo Products Market is Expected to Total US$ 6.9 Bn in 2022

The global bamboo products market is expected to total US$ 6.9 Bn in 2022. Growing emphasis on sustainability and plastic waste reduction across the globe is anticipated to drive the market at a healthy 6.1% CAGR, pushing the market size to US$ 12.4 Bn in 2032.

Demand for bamboos is expected to rise primarily due to rising demand from key end-use sectors such as paper & pulp, building & construction, textile, and wood. According to a new Future Market Insights (FMI) analysis,

Bamboo is a multi-purpose forest product that is important in both residential and industrial economies around the world. Due to its availability and versatility, bamboo and bamboo-based products are utilised for a wide range of interior and outdoor applications.

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Key Takeaways – Bamboos Market Study

The pulp & paper end-use industry segment in the global bamboos market is witnessing high growth, and is expected to follow the same trend over the forecast period owing to utilization of bamboo as a raw material in the production of paper & pulp.

Bamboo produces about 35% more oxygen as compared to other trees. Additionally, its biomass is an efficient and cheap fuel for power generating units. As a result of this, the power sector is focusing on bamboos as a source of fuel for power generation.

Asia Pacific (APAC) is expected to maintain its dominance in the global bamboos market throughout the forecast period in terms of volume as well as value. This can be mainly attributed to the growing construction industry in China and India, supported by surging infrastructural investments. APAC has more than half of the total bamboo species available in the world.

Thriving penetration of green building technologies is supporting the demand for bamboos due to utilization in construction of scaffolding. Moreover, there is a continuous demand for bamboo furniture, plywood, and outdoor decking in various countries.

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Who Is Winning the Bamboos Landscape?

The global bamboos market is fairly fragmented, with small- and medium-scale enterprises accounting for major market share in the global market. Some of the key market players included in the report are Moso International B.V., Bamboo Village Company Limited, and Shanghai Tenbro Bamboo Textile Co. Ltd.

New product launches and developments are some of the key strategies adopted by market players to retain their position in the global bamboos market. The companies are engaged in continuously participating in different events, conferences, tradeshows and seminars to market their newly launched products across the globe.

Bamboos Market – Regional Analysis

High growth in construction, pulp & paper, and furniture industries is expected to be a key driving factor for bamboos market growth. China is a large exporter of processed bamboo products such as bamboo plaiting, bamboo shoots, bamboo panels, wood charcoal of bamboo, etc., whereas countries such as the U.S., Canada, and other European countries where very small bamboo resources are available import bamboo products requirement from other bamboo-rich countries.

Know More About What the Report Covers

FMI, in its new research report offers an unbiased analysis of the global bamboos market, presenting historical demand data (2014-2021) and forecast statistics for the period 2022-2029. The study reveals insights on the bamboos market and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the bamboos market value chain.

Readers can also find key trends and market growth scenarios based on end-use industry and regions such as North America, Latin America, APAC, and Europe and Middle East & Africa (EMEA).

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Bamboo Products Market By Category

Product Type:

  • Lifestyle Products
  • Furniture
  • Home Décor Items
  • Kitchenware & Cutlery
  • Personal Accessories
  • Yarn & Textiles
  • Educational and Recreational Products

End-User:

  • Personal and Residential
  • Commercial
  • Industrial and Infrastructure

Sales Channel:

  • Online
  • Offline

Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding China & Japan
  • Japan
  • China
  • Middle East & Africa

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About FMI:

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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Glamping Market is Estimated to Grow at an Impressive 11.8% CAGR in 2032

The glamping market is anticipated to reach a valuation of US$ 10.6 Bn in 2032, Projected to grow year-on-year by 10.4% in 2022. The market size will surpass US$ 3.4 Bn in 2022, expanding at an impressive 11.8% CAGR over the assessment period.

Land adventure tourism is gaining popularity across the globe. The advent of technology and recent developments in outdoor sports activities that include optimal safety of tourists is boosting sales in the glamping market.

Due to the advent of the COVID-19 pandemic, consumers are more concerned about the safety while participating in outdoor activities. In response to this, players in the market are improving their services by adding effective personal safety protocols, thereby boosting sales.

Increasing government-backed investments in the tourism sector across the globe is a chief factor driving the glamping market. Players in the tourism sector are offering better means to attract more tourist to outdoor locations.

The uptake and integration of technologies in such locations is encouraging consumers to opt for outdoor recreational activities, thereby augmenting the growth in the market.

The developments of recreational vans and other motor homes with rental services is another factor boosting the market. Individuals are spending quality time with family and friends in remote areas and with the availability of all the resources at hand, which is emerging as a trend in the global tourism sector.

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Further, the higher number of tourist locations in Europe and the development of regional tourism by various countries such as Spain, France, U.K., Germany, etc., is spurring demand in the market, and the trend is expected to continue over the forecast period.

“Increasing sales of eco-pods, along with growing integration of technologies to facilitate comfort and safety in such accommodations will continue driving sales in the market over the assessment period,” says the FMI analyst.

Key Takeaways:

  • Based of product type, sales of eco-pods will remain high through 2032.
  • In terms of age group, demand in the 18-32 segment will gain traction over the forecast period.
  • By size, the 2-5 persons segment will expand at a robust pace through 2032.
  • The U.S. will continue dominating the North America glamping market.
  • Spain will emerge as a lucrative market, accounting for a dominant share in the Europe glamping market.
  • The India glamping market will continue witnessing high demand over the forecast period.

Who is winning?

Few key players in the glamping market are Bourne Leisure Holdings Limited, TENTRR, Tents Xpert, Under Canvas, The Resort at Paws Up, Collective Retreats, Asheville Glamping, GlamXperience, PurePods, Getaway House, Inc., Hoshino Resorts Inc., and Baillie Lodges among others.

Leading players operating in the global glamping market are investing in research and development to improve the quality of products and services to attract more customers.

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Glamping Market By Category

By Type :

  • Motor Homes
  • Tree houses
  • Eco-pods
  • Yurts
  • Tipis
  • Safari Tents
  • Bell Tents
  • Others

By Consumer Orientation :

  • Male
  • Female
  • Kids

By Age Group :

  • Below 18 years
  • 18-35 years
  • 35-50 years
  • Above 50 years

By Size :

  • Less than 2 people
  • 2-5 people
  • More than 5 people

By Region :

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

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About Future Market Insights (FMI)
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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Automotive Exhaust Manifold Market Analysis by Size, Share, Growth, Trends up to 2026 – FMI

With a key focus on the development of new technologies, in line with stringent government regulations aimed at emission control, the demand for efficient automotive exhaust manifold systems is estimated to grow at a rather modest rate, in 2019, as indicated by Future Market Insights (FMI) in a recently published market intelligence report. As per the analysis, the global sales of automotive exhaust manifold systems is estimated to be valued at US$ 8.6 Billion, by the end of 2019, representing an annual growth rate of approximately 3.5 percent, during the said period.

Future Market Insights (FMI) has forecasted the global automotive exhaust manifold market to grow with a year on year growth of 3.8% in 2022 reaching a value of about US$ 9.7 Bn by 2022 end. The exhaust manifold is an important part of automotive exhaust systems as it keeps hazardous exhaust fumes out of the vehicle and away from the occupants. The global market is anticipated to witness a considerable CAGR of 3.7% during the period of 2022 and 2026.

Apart from comprehensively studying the key dynamics shaping the growth trajectory of the global automotive exhaust manifold market, FMI study also offers in-depth segmental analysis, under several categories including material, product, engine, vehicles, fuel, and sales channel.

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Demand for clean and efficient transportation is increasing, given the environmental concerns, stringent regulations regarding carbon emissions and footprint reduction initiatives taken by several governments, globally, will predominantly drive the sales of automotive exhaust manifold systems, in the coming years, predicts FMI.

Material Advancements for Strong, Durable Automotive Exhaust Manifold Systems

Top companies operating on the global automotive exhaust manifold systems market are increasingly developing efficient, durable, and long-lasting exhaust systems for a better load bearing capacity of the engines. Advancements in science technologies (for materials) in manufacturing industries have allowed players to use newly developed materials such as alloys of stainless steel, making exhaust manifolds durable and robust under extreme pressure and temperature conditions, apart from making the vehicles much lighter.

In addition, companies are also innovating novel exhaust system technologies, in agreement with government regulations such as Euro 6C, China National Standard V and VI, Bharat Stage VI. FMI anticipates significant innovations in the automotive exhaust manifold systems market in view of such emission regulations.

Key Takeaways from Segmental Analysis

  • In terms of materials, automotive exhaust manifold systems made of cast iron will gain a significant market share of approximately 64 percent, through the forecast period of 2018-2026, given the material’s contamination resistance, thermal stability and the strength needed for consistently high levels of performance and durability in several automotive application.
  • However, stainless steel will gain a substantial market share, post 2022, as favorable properties such as corrosion resistance, good strength and aesthetics gain high preference.
  • On the basis of vehicle type, the passenger car segment will exhibit maximum adoption of exhaust manifold systems, holding more than three-fourth of the market value share by 2026.
  • In term of product type, log manifold will dominate the automotive exhaust manifold systems landscape, with approximately 85 percent market share, given the product’s longer life and efficient operations in real time working conditions.
  • With nearly 88 percent market share, inline engines will exhibit maximum installations of exhaust manifold systems, given the engine’s balance compared to V line counterpart because of the equal weight distribution.
  • Sales of automotive exhaust manifold systems, through OEM channel will contribute the maximum revenue, versus aftermarket fitments.
  • APEJ is projected to hold a notable share in the global automotive exhaust manifold systems market, given the increasing investments by car manufacturers in developing markets and an ever-expanding urban landscape in the region.
  • Eastern Europe automotive exhaust manifold systems market is also likely to witness substantial growth, with Germany and France at the fore.

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Overview of Automotive Exhaust Manifold Market Structure

The global Automotive Exhaust Manifold market is a highly consolidated one with major players such as Tenneco Inc., Faurecia SA, Katcon, S.A. De C.V., Bentler Group, Eberspächer Climate Control Systems GmbH & Co. KG, Futaba Industrial Co. Ltd, Sango Group, Friedrich Boysen GmbH & Co. KG., Sejong Industrial Co. Ltd., Westcast Industries Inc. and Yutaka Giken Company Limited accounting for significant share of the global Automotive Exhaust Manifold market.

Automotive Exhaust Manifold Market Segmentation

Sales Channel

  • OEM
  • After Market

By Material

  • Cast Iron
  • Stainless Steel

By Product Type

  • Log Manifold
  • Tubular Manifold

Engine Type

  • Inline
  • V Line

Vehicle Type

  • Passenger Car
  • LCV
  • HCV

Fuel Type

  • Passenger Car
  • LCV
  • HCV

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Key Insights from Competition Tracking

  • Competition in the automotive exhaust manifold systems market is projected to remain significantly high with top companies contributing nearly 60-70 percent to the market. The market for automotive exhaust manifold systems is anticipated to remain consolidated over the forecast period, as per FMI.
  • Demand and supply curve of automotive exhaust manifold systems is estimated to remain on the linear side, through the forecast period.
  • Key companies are diligently concentrating on increasing its production so that they are able to meet the global demand for automotive exhaust manifold systems.
  • Investments in research and development will increase, further driving the production of novel automotive exhaust components. Collaborative developments via a partnership with research institutes and industry players to pave the way for innovative products.
  • Key players are also projected to enter in joint ventures and acquisition for strategic positioning in regional markets, while also increasing their profitability and create growth opportunities.

About Future Market Insights (FMI) 

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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Global Outlook for Baby Carriers Market is Expected to Remain Positive Throughout the Forecast Period

The Baby carriers are soft padded carriers that can be carried on shoulder to carry babies. These carriers are becoming more predominant for carrying and supporting the babies as is allows parents to keep their hands and shoulder free while carrying babies.

Increasing awareness regarding child safety has been encouraging parents towards the purchase of such products including baby carriers.

Baby carriers are safe to use, comfortable to wear, breathable, sweat-absorbent and allow healthy hip positioning for baby. Furthermore, the ability of baby carriers to provide comfortable seating arrangement for babies without the risk of suffocation makes it an ideal choice for carrying babies.

The rising demand for baby carriers across the globe due to its ease of applicability and safety features is propelling the market growth astonishingly. Overall, the global outlook for baby carriers market is expected to remain positive throughout the forecast period.

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Increase in purchasing power of the middle-class group in developing as well as developed regions on children safety is one of the prime factors that is generating substantial demand for baby carriers.

Baby carriers allow parents and baby caretakers to carry baby safely while doing daily works and going outside for shopping and other purposes. An increase in the number of working mothers in countries like the U.S., China, Canada and India has raised the average customer spending on such baby care products.

Nowadays, these baby carriers are also available on several online platforms. Rising penetration of E-commerce sector across the globe in recent years has raised the popularity of baby carriers among the end-users.

Improperly positioned carriers may give parents and babies back issues or create other areas of soreness, particularly with the long period of wear. On the other hand, baby carriers offer sufficient flexible movement for the parents and also facilitates the breathing process for babies.

Rising adoption of sturdy yet safe and secure carriers is anticipated to accelerate the baby carriers market growth in upcoming years. However, premium prices associated with baby carriers is one of the factors that can hinder the market growth to a certain extent.

Also, due to rapid spread of novel COVID-19 across the globe, several hypermarkets, retail stores and malls are operating at reduced capacities in most regions, which is projected to hamper the supply and sales of baby carries for a certain period.

Overall, the global baby carriers market is anticipated to expand with a notable CAGR during the forecast period.

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Baby Carriers Market: Regional Outlook

In terms of market growth and share, The East Asia and South Asia regions are anticipated to hold a significant portion of baby carriers market share during the upcoming years.

Larger urban population, growing disposable income of middle-class group led to the high adoption of baby carriers, especially in India and China which in turn projected to propels the demand for baby carriers.

Increasing adoption of innovative baby products including baby carriers in North America is a key factor that positively influencing the growth of baby carriers market in the region.

Moreover, further improvisation and penetration of E-Commerce and retail industry in North America and Latin America regions are also contributing considerably to the baby carriers market growth.

European countries are expected to follow the East Asia region in terms of market growth. Increasing customer spending towards baby care products is further fueling the growth of the Europe baby carriers market.

Along with that, the MEA region is projected to offer an ample amount of opportunities to the baby carriers manufacturers to maximize the sales on the back of increasing childbirth rate, increasing disposable income and other factors.

Baby Carriers Market: Key Players

  • MATEX
  • KOKADI GmbH & Co. KG
  • Ergobaby
  • Welcome Enterprise
  • Anmol baby
  • Eclat Global Biz LLP
  • Rishav Handicraft
  • The Boppy Company, LLC.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Regional Analysis Includes

  • North America
  • Latin America
  • Europe
  • Middle East & Africa (MEA)
  • South Asia
  • East Asia
  • Oceania

Baby Carriers Market: Segmentation

On the Basis of Price

  • Premium
  • Mid-range
  • Economic

On the Basis of End Use

  • Residential
  • Hospitals
  • Others

On the Basis of Sales Channel

  • Manufacturers
  • Distributors
  • Retailers
  • Speciality Stores
  • Hypermarkets
  • Warehouse/wholesale clubs
  • e-retail

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About Future Market Insights (FMI)
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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Lunch Takeout Market is projected to have a CAGR of 5.9% in 2032

The global lunch takeout market was worth USD 215.3 billion in 2021, with a compound annual growth rate (CAGR) of 5.9 percent predicted from 2022 to 2032.

The increased desire among millennials for home-cooked and chef-prepared meals are one factor fuelling the growth of the lunch takeout market. The delivery service has expanded in popularity and use among generations Y and Z.

The advantages of cooked meals, which are less expensive than takeout and home delivery, are fuelling the product’s growing appeal and adoption of lunch takeout. This is fuelling the growth of the lunch takeout sector.

The lunch takeout market analysis indicates that while millennials have overtaken baby boomers in terms of population, boomers still account for a significant share of the population, and their eating habits have a significant impact on the home cooking sector.

Lunch takeout is a great alternative because meal preparation ahead of time drastically lowers food wastage. Lunch takeout contains components in the exact quantity needed to cook a meal because each portion is pre-measured.

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Despite the fact that some delivery services serve greater meals, they nonetheless provide calorie counts and nutritional information based on the portions. These new lunch takeout market trends have been specifically designed for the millennial age.

Supply chain and logistical costs will limit the size of the lunch takeout sector.

This cost includes order fulfillment, shipping, adjusting business resources to shifting market demand, and last-mile connectivity. There are also charges for cardboard box packaging, gas, mileage, and hiring a driver. According to the lunch takeout market analysis, the supply chain and infrastructure must be in place to prevent foods with a limited shelf life from decomposing.

Customers in the United States have been increasing their desire for lunch takeoutwith several delivery service companies offering single and multiple portions. Cooking at home, for example, is less expensive than going out to eat.

The adoption of lunch takeout has increased globally. In addition, the availability of the product has made cooked dinners more time-efficient than takeout and home delivery services. Food preparation at home also gives you complete control over the items you use, which is advantageous for people who are allergic to or trying to avoid certain foods. This has had a tremendous impact on the lunch takeout market throughout the years.

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Key Takeaways:

  • In 2021, the cook and eat sector dominated the lunch takeout market, with a revenue share of 60.7 percent.
  • From 2022 to 2032, the lunch takeout market size in Asia Pacific is predicted to grow at an annual rate of 18.8%.
  • In 2021, the online segment dominated the demand for lunch takeout, accounting for 63.2 percent of total revenue.
  • The non-vegetarian sector dominated the lunch takeout market, accounting for 63.7 percent of total revenue.

Competitive Landscape:

There are a few well-established participants in the lunch takeout market, as well as a number of small and medium-sized businesses. Mergers, acquisitions, and product launches are still among the industry’s most important strategic activities.

The key players operating in the lunch takeout market are Einstein Noah Restaurant Group, Inc., Manchu Wok, HuHot Mongolian Grill, Panda Express, Olive Garden, Mama Fu’s, McDonald’s Corp. (MCD), Domino’s Pizza, Inc. (DPZ), Bloomin’ Brands, Inc. (BLMN), Autogrill SpA (ATGSF), Yum China Holdings, Inc. (YUMC), Spaghetti Warehouse, and Fazoli’s.

Recent Development:

In August 2021, Freshly Inc. launched its first-ever plant-based prepared meals line, ‘Purely Plant,’ with six new meals made with clean, whole-food ingredients to address consumer demand for variety, taste, nutrition, plant-based meal options, and convenience. Meals that can be heated and served in three minutes require no preparation.

In November 2020, HelloFresh paid USD 277 million for Factor75, LLC. The purchase was undertaken to assist HelloFresh expand its client base and strengthen its position in the US market.

In October 2020, Nestlé paid USD 950 million for Freshly Inc. Freshly Inc.’s growth was aided by this acquisition, which also allowed Nestlé to enter a fast-growing industry in the United States.

Key Segments

By Payment Type

  • Cash
  • Debit Cards
  • Credit Cards
  • Digital Wallets
  • Electronic Bank Transfers

By Restaurants Type

  • Quick Service Restaurant
    • Self Service Restaurants
      • Assisted Self Service Restaurants
  • Full Serviced Restaurants
    • Fine Dining
    • Casual Dining
  • Cafes and Bars
  • Street Food

By Product Type:

  • Chinese Cuisine
  • Indian Cuisine
  • Japanese Cuisine
  • Italian Cuisine
  • Mediterranean Cuisine
  • Mexican Cuisine
  • Turkish Cuisine
  • Others

By Nature:

  • Vegetarian
  • Non-Vegetarian
  • Vegan

By Purchase Model:

  • Direct-to-Consumer
  • Platform-to-Consumer

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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Frequently Asked Questions

  • What is the CAGR of the Lunch Takeout Market?
  • Which is the Leading Region in the Lunch Takeout Market?
  • Which Segment Leads in the Lunch Takeout Market by Nature?
  • Which Segment Leads in the Lunch Takeout Market by Offering?

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Diving Tourism Market is Anticipated to Reach at a US$ 5,281 Mn by 2032

The global diving tourism market is expected  to reach a valuation of US$ 2,940 Mn in 2022. Overall sales are projected to increase at a 6.0% CAGR, surpassing US$ 5,281 Mn by 2032.

Skilled professionals and instructors are on hand to assist and guide tourists, as well as teach knowledge and technical know-how on how to safely utilize underwater equipment (scuba diving and deep-sea diving).

Water adventure tourism, often known as water-based tourism, is becoming increasingly popular across the globe. Technological developments and advancements in water sports equipment have a greater impact on individual safety, resulting in increasing involvement in water sports, broadening the scope of water adventure sports, and so benefiting the water adventure tourist sector.

The water adventure tourism industry has been able to reach out to individuals all around the world thanks to increased social media and advertising. Around 10-15% of international and 6-8 percent of domestic recreational dive & snorkelling visitors participate in dive training courses. One of the primary factors driving the industry is the availability of courses ranging from a basic introductory course to highly specialised advanced courses.

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Consumers are increasingly interested in unique experiences such as wreck dives, cod holes, and minke whales, hence the feature dive sub-sector of the business is gaining traction. Smaller operators are more likely to provide these specialty dives, which are often only available for a limited time.

In addition, the companies are focusing on forming relationships with domestic tour operators in order to develop their business and obtain a competitive advantage.

Key Takeaways:

  • Based on diver type, the active diver segment is predicted to account for a dominant share of 45% in the market through 2032.
  • In terms of consumer orientation, the men segment held 60% of the total market share in 2021, and the trend is expected to continue over the forecast period.
  • By booking channel, the online booking segment is anticipated to hold a noteworthy share of 48%.
  • In terms of age group, demand in the 26-35 segment will continue gaining traction through 2032.
  • Demand in the South Asia diving tourism market will grow at 8.3% CAGR owing to increasing influx of diving tourists in Philippines.
  • Based on tour type, sales in the group tour segment will remain high over the forecast period.
  • The U.S. will emerge as a lucrative market in North America diving tourism market, registering 5.6% CAGR during the forecast period.

Impact of COVID-19 on the Diving Tourism Market

The desire for diving tourism has been decreased as a result of global shutdown restrictions. According to the United Nations World Tourism Organization, international tourist visits (overnight visitors) decreased by 70% from January to August 2020, compared to the previous year (UNWTO).

Dive facilities in cities witnessed a drop in retail sales as well as earnings from dive trips and classes for divers. Dive shops on the islands have lost over half of their trading season, which spans from March to October.

However, with resumption of diving and training programmes, the number of divers and dive students are predicted to increase. This is expected to propel the growth in the market over the forecast period.

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Who is winning?

Leading manufacturers of diving tourism are focusing on smart promotional strategies, advertisements, and new diving destinations to improve sales in the market.

Major players present in the diving tourism market are The Natural Travel Collection Ltd, PADI Travel, Dive The World, Fly & Sea Dive Adventures, World Dive and Sail International, Ultimate Dive Travel, Hidden Depths Dive Tours, Project Expedition, Scuba Travel, Bluewater Travel, Entrada Travel Group, Island Expeditions Company Limited, Pro Dive Cairns, Dive Adventures, Liveaboard Adventures, National Geographic Expeditions, Deep Blue Adventures, Caradonna Adventures, Advanced Diver Mexico, Asia Diving Vacation among others.

Global Diving Tourism Market by Category

By Diving Type:

  • Drift Diving
  • Deep Diving
  • Wreck Diving
  • Others

By Diver Type:

  • New Diver
  • Casual Diver
  • Active Diver
  • Professional Diver

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

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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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Vegetable Sorting Machine Market is poised to expand at 4.2% CAGR between 2022 and 2032

According to the recent Future Market Insights (FMI) report, the sales of vegetable sorting machines are expected to surpass a value of US$ 622 Mn in 2032, rising at a CAGR of around 4.2% through the end of 2032.

Sorting technology can lower the danger of contamination from aflatoxins and foreign material on the manufacturing line, improving food safety and providing a wise investment for processors and manufacturers.

The food sector is expanding rapidly, and it is now more than ever facing productivity, economic, efficiency, and environmental challenges. The growing demand for the world’s food resources has made the food supply complicated and multidimensional, with a global supply chain providing numerous benefits but also posing a serious food safety concern. The higher the risk of contamination and spoiling, the longer and more convoluted the chain is.

Many vegetables producers start their sorting process in the field, finding larger and more evident faults as well as foreign material that should not be entering processing plants and facilities. Sensor-based optical sorters can detect and remove foreign material, undesirable rot, greening faults, imperfections, and damage at a later stage in the process.

This results in increased yields as well as a safer, higher-quality final product for consumers. Furthermore, the sensor-based technologies used in the various optical platforms enable processors to target their requirements in each phase of the process.

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Sensor technology is becoming more adept at detecting flaws in produce, with improved resolution and contrast, and the technology will continue to develop in terms of quality and food safety. Furthermore, the ability to use data management when using machines allows for better real-time monitoring and control of production lines, resulting in increased efficiency.

Key Takeaways from the Vegetable Sorting Machine Market Study:

  • Vegetable sorting machine industry in North America holds 30.2% of the global market.
  • 15-20 Ton/Hr processing capacity segment accounts for a significant share of 39.1% of the vegetable sorting machine
  • More than 20 T/hr processing capacity segment accounts for 22.6% of market share in 2021 of the global market.
  • In the technology segment, the optical sorter is anticipated to witness a lucrative growth rate with a CAGR of 2.9% during the forecast period (2022-2032) in the vegetable sorting machine market.
  • In the operation type segment, the automatic segment accounted for 65.9% of the market share in 2022, with sales increasing at a CAGR of 3.7% during the forecast period.

 “Key companies in the vegetable sorting machine market are introducing automated and AI-based machines to increase their revenue and expand their product portfolio.” said a lead analyst at FMI.

Who is winning?

Key players in the worldwide Vegetable Sorting Machine market are employing several tactics such as product developments, marketing & promotional activity, increasing distribution networks, and embracing sustainable production to reach a big consumer base.

Some of the leading companies offering equipment are Protec Srl Sorting Equipment, GREEFA, BHULER, SENVEC HATTORI SEISAKUSHO CO., LTD., Ellips B.V., Quadra Machinery, Dimac Srl, Optimum sorting, Sormac B.V., Techik Instrument (Shanghai)Co., Ltd, SELECT GmbH, TOMRA, PROEX FOOD, LLC, Azeus Food Machines, Union Co., Ltd., Key Technology, Hefei Taihe Intelligent Technology Group, MAF RODA AGROBOTIC, NEWTEC A/S, Raytec Vision SpA, Cimbria Heid GmbH, Hefei Angelon Electronics Co., Ltd., Unitec S.p.A., Henan Topp Machinery Co., Ltd, FUTURA SRL, Gridbots Technologies Private Limited, Dutch Weighing Company, CFT S.p.A, Equa Process & Services, LLC., Ser. mac Srl and others.

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Get Valuable Insights into Vegetable Sorting Machine Market

FMI, in its new offering, provides an unbiased analysis of the vegetable sorting machine presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-to 2032). The study divulges compelling insights on the demand for equipment based on processing capacity (1 – 5 ton/hr, 5 – 10 t/hr, 10 – 15 t/hr, 15 – 20 t/hr, more than 20 t/hr), by technology (optical sorter, color sorter, weight sorter, size sorter, others) by operation type (automatic, semi-automatic, manual) vegetable type (potato, tomato, carrots, onions, beans, corn, beets, others (cauliflower, spinach, cucumber, brussels sprouts, broccoli) across seven major regions.

Vegetable Sorting Machine Market by Category

Processing Capacity:

  • 1 – 5 Ton/hr
  • 5 – 10 T/hr
  • 10 – 15 T/hr
  • 15 – 20 T/hr
  • More than 20 T/hr

Technology

  • Optical Sorter
  • Color Sorter
  • Weight Sorter
  • Size Sorter
  • Others

Operation Type

  • Automatic
  • Semi-automatic
  • Manual

Vegetable Type

  • Potato
  • Tomato
  • Carrots
  • Onions
  • Beans
  • Corn
  • Beets
  • Others (Cauliflower, Spinach, Cucumber, Brussels Sprouts, Broccoli) Dishwashers

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceanic
  • The Middle East and Africa

Frequently Asked Questions

  • How big is the vegetable sorting machine market?
  • What is the North American vegetable sorting machine market outlook?
  • At what rate will vegetable sorting machine demand grow in Europe?

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
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For Sales Enquiries: sales@futuremarketinsights.com 
Browse Latest Market reports: https://www.futuremarketinsights.com/reports