Market Research Blog – Page 10207 – New Product Development

Mobile Cases and Covers Market is expected to be worth US$ 21.8 Bn by the year 2022

The mobile cases and covers market is highly influenced by evolving lifestyle trends and increasing spending capacities of consumers. To ensure a long shelf life of smartphones, consumers are using protective cases and covers.

Increasing demand for 360 degree surface protection for smartphones is offering significant profit earning opportunities for key players in the mobile cases and covers market. Millennials are more concerned about reducing plastic waste, hence the biodegradable mobile cases and covers market is expected to grow in the next decade.

The global mobile cases and covers market is expected to grow 1.5x of current market value by the end of 2029.

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Key Takeaways of Mobile Cases and Covers Market Study

By product volume, the mobile covers segment is expected to hold higher market share over 2022-2029, attributed to the increasing demand for lightweight covers providing maximum protection from drops, bumps, and shocks.
By print type, the with print segment is anticipated to hold a major share in the mobile cases and covers market during the forecast period.
North America is expected to outpace the global mobile cases and covers market in the next decade, attributable to the presence of a large number of key players. China, India, and Japan are anticipated to offer lucrative opportunities, driven by increasing production of smartphones and cost-effective mobile cases and covers in these countries.

Demand Analysis for Mobile Cases and Covers (2014–2021) Compared to the Market Outlook (2022 to 2029)
Due to the rising demand for lightweight covers that offer the best protection from drops, bumps, and shocks, the mobile covers category is anticipated to hold the largest market share by product volume during 2019–2029. Given that plastic has a superior barrier strength, the plastic material segment is anticipated to generate a sizable additional revenue opportunity by the end of 2029. Leather offers elegant appearances.

Because of this, a certain segment of the population favours it. Among print types, the “with print” category is predicted to account for a sizable portion of the market for mobile cases and covers throughout the anticipated period.

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Competitive Landscape

The global mobile cases and covers market is highly fragmented with the presence of many local and unorganized players. Also, many new players are expected to participate in the global mobile cases and covers market to leverage the significant growth opportunities. The key players focus on product innovation, acquisitions and upgrading with sales through e-Commerce with an aim to increase their global presence and customer base in the global mobile cases and covers market.

Key Companies Profiled

XtremeGuard
Belkin International, Inc.
ZAGG Intellectual Property Holding Co.
MOKO
Amzer
Griffin Technology
Incipio, LLC
CG Mobile
Shenzhen Ipaky Electronic Co., Ltd
Otter Products LLC

Key Segments Covered in Mobile Cases and Covers Industry Research

Mobile Cases and Covers Market by Product:

Cases
- Wallets
- Pouches
- Hard Cases
Covers
- Back Covers
- Flip Covers

Mobile Cases and Covers Market by Material:

Plastic
- Polypropylene
- Polyethylene
- PVC
- Polyurethane
- Others
Leather
Silicone
Rubber
Biodegradable
- Wood
- Fabric
- Bioplastic
- Paper & Paperboard

Mobile Cases and Covers Market by Print Type:

With Print
Without Print

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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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Dunnage Tray market is expected to be worth US$ 1.9 Bn in the year 2022

The global dunnage tray market is vying to reach US$ 2.6 Bn by the year 2029 at a CAGR of 4.3% between 2022 and 2029. Dunnage trays have been witnessing a sizable demand for the last few years, particularly to process automotive parts on the shop floor. Automotive manufacturing process implies a robot that takes the components out of the tray and feeds them directly into the assembly line. These days, there are reusable dunnage trays that are 100% recyclable. These reusable dunnage trays could be treated as capital investment.

Notwithstanding, organizations have presented an improved arrangement by giving reusable dunnage trays that are 100 percent recyclable. These reusable dunnage trays are planned uniquely to safeguard spare parts and other comparative material during the assembling system, can be re-utilized, and are treated as capital venture.

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Key Takeaways of Dunnage Trays Market Study

Dunnage trays market has been witnessing significant growth in demand for custom-designed dunnage trays, with cavities that can be shipped and unloaded at the assembly line.
Automotive industry remains the prominent end-use industry, followed by healthcare & pharmaceuticals, in global dunnage trays market.
Polypropylene (PP) continues to be preferred over the high-density polyethene (HDPE) among manufacturers of dunnage trays. This is attributable to industry experts declaring polypropylene as a tough and robust material with suitable properties such as good heat & puncture resistance and strength for manufacturing dunnage trays.

Increasing implementation of robotic technology in manufacturing, especially in the automotive industry has been a driving force for sales of customized dunnage trays, as assembly line are replaced by robots. The thriving electric vehicle (EV) market is anticipated to contribute substantially to the growth of the dunnage trays market in the foreseeable future.

Players in Dunnage Trays Market Focus on Product Durability and Reusability

The primarily role of a dunnage tray is to safeguard the cargo during the transit, and this packaging solution can withstand external factors such as heat (especially during the manufacturing process), giving confidence to end-users, and increasing its use in extreme climatic conditions. Dunnage trays can last for many years, ultimately saving costs by reducing the need for frequent repurchase.

Thus manufacturers in the dunnage trays market focus on use of sustainable materials, which are hygienic and easy to clean, with an aim to improve their product sales. Prominent manufacturers in the dunnage tray are using High-density Polyethylene (HDPE), as this easily recyclable material helps to protect stored parts against electrostatic discharge from charged surfaces and grounded items nearby, which could lead to undesired accidents or loss of sensitive electronic devices and sensors.

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Dunnage Trays Demand Analysis (2014 to 2021) Vs Market Outlook (2022 to 2029)

Dunnage tray manufacturers are witnessing hoards of opportunities in the form of enhanced production capacity and quick tech-enabled transformation. The automobile vertical does hold the largest market share in terms of revenue. The growth of manufacturing sector is directly proportional to demand for packaging and logistics. As such, dunnage trays would be witnessing a growth-oriented normal in the upcoming period.

The thermoformed dunnage trays could be designed for stacking and rotating. In other words, there does exist a clearance between tray’s bottom and product’s top during stacking. Thus, superior protection of product is rendered at the time of shipping and handling.

Competitive Landscape

The global dunnage tray market is fairly competitive with regards to organic growth.

DS Smith Packaging has its series of EPP, EPS, and HDPE trays. There are Bespoke trays – nestable on being empty and stackable on being filled.

Key Companies Profiled

Sonoco Products Company
Menasha Corporation
DS Smith Plc
Trienda Holdings L.L.C.
Dordan Manufacturing Company
Sinclair & Rush, Inc.

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Key Segments Covered in Dunnage Tray Industry Research

Material Type:

Polypropylene (PP)
Polyvinyl chloride (PVC)
Thermoplastic polyurethanes (TPU)
Acrylonitrile butadiene styrene (ABS)
High-density polyethylene (HDPE)

End-use:

Electrical & Electronics
Healthcare & Pharmaceuticals
Automobile
Food & Beverage
Agriculture
Shipping & Logistics
Manufacturing & Warehousing

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Nylon Films Market is likely to record a value of US$ 983.6 Mn in 2022 | Future Market Insights, Inc.

The overall outlook for the nylon films market is expected to remain positive, which is projected to register a CAGR of 5.2% over the forecast period of 2022-2029. The gradually increasing demand for nylon films is attributed to their growing preference for packaging perishable products such as frozen food.

The key driver behind this growth is enhanced shelf life and oxygen barrier properties that differentiate nylon films over other packaging films. Moreover, nylon films are also suitable for a wide range of industries such as food, pharmaceuticals, and industrial packaging

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Nylon Films Market Outlook for 2014–2021 Compared to 2022–2029 Forecast
In contrast to the 4.5% CAGR seen in the historical years between 2014 and 2021, the nylon films market is anticipated to exhibit a stunning 5.2% CAGR between the forecast years of 2022 and 2029. This acceleration in growth is the result of rising demand from end-use sectors including food, drugs, and chemicals.

Because of its barrier qualities and dependability, rigid packaging types have historically been preferred in packaging. However, as the packaging industry has changed over the past several years, package manufacturers have emerged that have spent in R&D to incorporate these qualities in flexible packaging designs.

Due to its small weight, flexibility, and durability, flexible packaging solutions quickly gained popularity in the food and pharmaceutical industries.

Key Takeaways of Nylon Films Market Study

According to FMI analysis, the food segment is expected to outbid other end uses in the nylon films market over the forecast period. Manufacturers of perishable products such as meat and cheese are expected to account for a significant share of the food segment in the nylon films market.
11 to 20 microns is identified as the highly preferred thickness for nylon films among packaging converters. This thickness is well-suited for packaging applications that require optimum protection and performance.
The bi-axially oriented polyamide film segment is projected to remain prominent by film type in the foreseeable future. Growth is attributed to the high tensile strength, improved impact strength, along with better oxygen barrier as compared to cast PA films.
East Asia is expected to represent more than a quarter of the global films market share during the forecast period. China represents 60% of the total East Asia market share in 2022, attributable to the large number of unorganized players in the region. Moreover, South Asia is anticipated to remain a lucrative region in the nylon films market till the end of the forecast period.

“Players in the global nylon films market can gain significant profits by focusing on emerging countries in South Asia, such as India, Thailand, and Vietnam. Increasing demand from perishable and processed foods packaging manufacturers is expected to boost the growth of the nylon films market in this region.”

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Competitive Landscape

Leading nylon films manufacturers are committed to the research and development of the product and are consistently offering innovative nylon films solutions targeted towards specific end use. Companies operating in the nylon films market are aiming at product launches and expansions with other manufacturers.

In November 2021, Toray Industries announced that they have developed a new film for 5G communication which is transparent, high dielectric performance and offers excellent heat resistance.
In January 2021, Jindal Films signed an agreement to purchase 100% shares and completed acquisition of Italy-based nylon films specialist DOMO films.

Nylon Films Market by Category

By Grade:

Nylon 6
Nylon 66

By Thickness:

Upto 10 Microns
11 to 20 Microns
21 to 30 Microns
Above 30 Microns

By Film Type:

Bi-axially Oriented Polyamide (BOPA)
Composite Polyamide (CPA)

By End-Use:

Food
- Meat
- Cereals
- Cheese
- Processed Food
Pharmaceuticals
Electrical
Chemicals
Others

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Market Snapshot

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

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Heated Jacket Market is Expected to Reach a Valuation of US$ 520 Mn by The End of 2027

The heated jacket market size is projected to reach a valuation of US$ 231.3 Mn in 2022, likely to surge at a vigorous 17.6% CAGR during Forecast 2022 – 2027. The survey claims that the demand for heated jackets is being driven by an increase in millennials’ involvement in winter outdoor sports including skiing, hiking, and trekking.

The research provides a thorough analysis of the industry, outlining the major growth drivers, inhibitors, opportunities, and current trends. It offers the most precise analysis of the market via the use of original research techniques.

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It includes in-depth insights into the heated jacket market. Some of these are:

The estimated value of the heated jacket market was at ~US$ 77.7 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a substantial growth. Regionally, North America dominates the heated jacket market globally attributed to high adoption of heated jackets among hikers, cyclists, and other winter sports enthusiastic people. East Asia emerges as one of key markets owing to rise in demand for fashionable products, increasing participation in outdoor activities, and consumers in the region are highly influencing by western culture.

Rapidly emergence of online retailers’ sales channel is expected to boost the sales of heated jacket over the forecast period. Prominent players in the market are focuses on new product development, innovative marketing campaigns, promotional activities, collaborative partnership with sports influencers and celebrities to increase their brand penetration along with expand market footprint to have a competitive edge among their competitors.

Rise in Demand for High Power Heated Jacket among Consumers

Based on the power type, the 5-7 volt is expected to be the leading markets in the global heated jacket over the forecast period. 5-7 volt power type heated jackets are mostly preferred by consumers as it offers long lasting warmth, significant temperature level, and provide low, medium, and high heat settings are the primary factors expected to exhibit a significant growth in the global heated jacket market during the forecast period.

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Furthermore, the 7 volt power type heated jacket lasts for 10 to 11 hours and they are light weight, easy-grip shape as well as comfortable propel the global heated jacket market for further growth. However, 7-20 volt heated jacket segment is expected to expand at higher CAGR during the forecast, as these type of heated jacket heats up considerably faster than other heated jacket types.

Who is Winning?

Some of the leading players operating in the heated jacket market are Milwaukee Electric Tool Corporation, Kelvin Coats, Ororo, DEWALT, H2C Brands, LLC, Venture Heated Clothing Company, Robert Bosch Tool Corporation, Heated Wear Gerbing Gyde Company, Dragon Heatwear Company, Outcool, AdirPro, Comfortwear International, Inc., Fieldsheer Company, Climix Heated Jackets Company, Knap Energy Heated Jacket, Pau1Hami1ton, Xiaomi Corporation, Redder, PROsmart Heated Clothing Company, Ravean, and others. These manufacturers are continuously investing on research and development activities to develop light weight, comfortable heated jacket with high power capacity for cold weather workers and for various outdoor activities as well as winter sports.

Moreover, increasing their sales channel across the globe through strategic partnership, with small scale vendors, innovative marketing strategies, various certifications, and enter into online platform remains the most prominent strategy among the key manufacturers in the market. Companies intend to expand their geographical footprint through collaborating with local players.

In 2019, Xiaomi Corporation introduced a new cotton smith heated down jacket specially designed for the winter. This new heated jacket will keep consumer warm during extremely cold weather with a temperature around -120 degree Celsius.In 2019, Kelvin Coats launched a new line of fashionable heated puffer coats with advanced warming technology to expand its product offering as well as offer most appealing and stylish heated apparel to the customers.

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Market SegmentationThe global heated jacket market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

End-User

Men
Women

Power Type

Below 5 Volt
5-7 Volt
7-20 Volt

Size

Small
Medium
Large
XL (Excel)
2XL (Double Excel)

Application

Leisure
Industrial/ Construction
DIY
Other Applications

Sales Channel

Wholesalers/Distributors
Hypermarkets/Supermarkets
Multi-Brand Stores
Exclusive Stores
Independent Small Stores
Online Retailers
Other Sales Channels

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 (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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Cable Trays Market Size by 2027: Global Demand and Regional Analysis

Cable trays are prominently used across the world in routing and organizing power cables in commercial as well as non-commercial premises. In industrial and other commercial facilities power cables are used for distributing large amount of electricity to machines, equipment, etc. Cable trays are effective cable management solutions particularly for distributing power.

Global Cable Trays Market – Market Dynamics

The global market for cable trays is characterized by supply of cable trays that have good tensile strength and heavy load carrying capacity. Manufacturers of cable trays manufacture products that have reliable characteristics and effective functionality. Cable trays are highly preferred by end consumers as they provide ease of maintenance in cable management system. The global demand for cable trays is expected to grow prominently due to requirement in the telecom industry. The telecom market segment is anticipated to sustain the growing demand for cable trays over the forecast period 2017-2025.

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Cable trays provide effective functionality in organizing and arranging large and complex network of cables or wires. Cable trays are easy to inspect and provide resistance to fire thus safeguarding significant asset value to end consumers. Galvanization of cable trays gives extra life to the cable trays. Cable trays with long life span maximizes its usage in industries which have high initial investment.

Cable trays due to longer life span are not frequently replaced by end consumers. One of the vital feature of cable tray that they can carry heavy loads. Heavy load carrying capability of cable trays make cable trays a preferred solution for applications that require more complex and heavy wiring system. With urbanization and growing energy demand the global market for cable trays is expected to witness growing demand. Manufacturers are also supplying cost efficient cable trays and cable trays with simpler designs particularly for hospitality industry in order to save costs and pace utilization. Airports and commercial buildings which have to carry bulk of high voltage cables and broadband wires are further fuelling the demand for cable trays in the global market.

Global Cable Trays Market – Regional Overview

Global cable tray market can be segmented into seven regions North America, Western Europe, Japan, Asia Pacific Region, Middle East and Africa and Eastern Europe. North America dominates overall cable tray market globally as this is region has most advanced industrial and commercial sectors.

Global Cable Trays Market – Competition Landscape

Some of the key players operating in the global cable trays market include Atkore International, Chatsworth Products, Schneider Electric, Legrand Electric Ltd, Oglaend System, Thomas & Betts Corporation, MP Husky USA Cable Tray Cable Bus, Chalfant Manufacturing Company, Marco Cable Management, TechLine Mfg., Unitrunk Ltd.

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Regional analysis includes

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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 in-depth analysis of parent market trends, macro-economic 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.

Global Cable Trays Market – Market Segmentation

The global cable trays market is segmented on the basis of product type, material type and by application type.

On the basis of product type, the global cable trays market can be segmented as follows:

Ladder Straight Cable Tray
Wire Basket Cable Tray
Horizontal Tee Cable Tray
Horizontal Elbows Cable Tray

On the basis of material type, the global cable trays market is segmented as follows:

Metal cable tray
Plastic cable tray
Others

On the basis of end use industry, the global cable trays market is segmented as follows:

Telecommunications
Industrial
Building and Construction
Others

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About Us:

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

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

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T: +1-845-579-5705

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Website: https://www.futuremarketinsights.com

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Baby Cribs Market is Projected to Reach US$ 4.77 Bn by The End of 2032

The global baby cribs market size is expected to reach US$ 4.77 Bn by the end of 2032. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~6.50% between 2022 and 2032.

According to the report, rise in birth rates in developing countries and rapidly growing demand for baby safety products drives demand for baby cribs across the globe. The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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It includes in-depth insights into the baby cribs market. Some of these are:

The estimated value of the baby cribs market was at ~US$ 1.35 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, North America dominates the baby cribs market globally attributed to increasing number of nuclear families led to expanding demand for baby safety products, as parents are now becoming more concerned about keeping baby alone on the bed.
East Asia emerges as one of key markets owing to rise in per capita spending on baby care products such as monitors, strollers, cribs, and cots coupled with accelerating demand for eco-friendly products in the region.
Rapidly growing online retailers’ sales channel is expected to boost the sales of baby cribs over the forecast period.
Companies in the market are evaluating consumer purchase pattern to understand the growing baby furniture trend. The company’s focus remains on introducing multi-purpose baby cribs that come environmental friendly features.

Rise in Demand for Multifunctional Baby Cribs among Consumers

Based on the product type, the convertible is expected to be the most attractive segment in the baby cribs market over the forecast period. Convertible type of baby cribs are mostly preferred by consumers as that are cost effective, high durability, and can be easily detachable bed rails is the primary factor expected to exhibit a significant growth in the global baby cribs market during the forecast period.

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Furthermore, advantages associated with baby cribs such as safety, comfort accommodation, peaceful sleep, and most important consumers are seeking for baby cribs designed that can be expand as the baby grows propel the global baby cribs market for further growth. However, multifunctional baby cribs segment is expected to expand at higher CAGR during the forecast, as these type of baby cribs are designed with all the necessary and improved features such as built-in drawers as well as changing area.

Who is Winning?

Some of the leading players operating in the baby cribs market are Goodbaby International Holdings Ltd., Delta Enterprise Corp., Silver Cross, Artsana S.p.A., Fisher-Price Inc., Graco, Inc., Arm’s Reach Concepts, Inc., Million Dollar Baby Co., Dream On Me, Inc., Storkcraft, Sorelle Furniture, BabyBjorn, Chicco, Natart Juvenile, Inc., Baby’s Dream Furniture Inc., East Coast Nursery Ltd., Kolcraft Enterprises Inc., DaVinci Baby, Mamas & Papas, Bababou, Me n Moms, Stokke AS, and others.

These manufacturers are investing significantly on research and development activities to achieve various certifications and introduce environmental friendly products to meet growing consumer requirements for sustainable materials such as non-toxic paints used in developing baby cribs.

Moreover, expanding domestic distribution channel, strategic partnership, acquiring small scale companies, innovative marketing strategies, celebrity endowment, and enter into online platform remains the most popular strategy among the prominent players in the market. Companies intend to expand their geographical footprint through collaborating with local players.

In 2018, Goodbaby International Holdings Ltd. was recognized with The Juvenile Products Manufacturers Association (JPMA) awards for four different innovations.
In 2018, Bababou introduced Hugg Co-sleeping baby crib in Ireland. The company’s Hugg Co. sleeper baby bed is an organic, sustainable baby crib which was recognized with various awards such as Junior Design Awards for the best Co-sleeping Cot/Crib/ Pod/Bassinet Design.

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Baby Cribs Market by Category

Product:

Standard
Portable
Convertible
Bassinet
Travel
Multifunctional
Others

Price Range:

Economy
Mid-Range
Premium

Material:

Plastic
Metal
Wood
Others

Sales Channel:

Direct Sales
Modern Trade
Convenience Stores
Departmental Stores
Specialty Stores
Mono Brand Stores
Online Retailers
Drug Stores
Other Sales Channels

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Key Questions Answered in the Report

How much is the current worth of the baby cribs?
What was the sales of baby cribs between 2015 and 2021?
What is a key trend shaping the growth of the baby cribs market?
Which are the most prominent regions leading the baby cribs market?
What was the demand outlook for baby cribs market in Japan?

Demand For Air Barrier Is Projected To Grow At A Value Of 4.6% CAGR Between 2022 And 2029, Future Market Insights Inc.

Witnessing the industry’s much-anticipated shift from the traditionally preferred gypsum board to sustainably superior spray foam, the global air barrier market value will exceed US$ 16,932.8 Mn by 2022 end. A recent research study by Future Market Insights (FMI) suggests that the overall growth of the market for air barriers will be moderate during the period forecast, 2022 – 2029.

Increasing installations of insulation systems are specifically driving the call for air barriers in the residential building zone. However, the demand may even see a great upward thrust in business and commercial sectors in the following years. This demand growth is attributed to the growing stringency of rules and commercial building code of behavior says the file.

Demand for air barriers is projected to grow at a value of 4.6% CAGR between 2022 and 2029. Future Market Insights (FMI) forecasts the market value to reach US$ 16,932.8 Mn by 2022 end.

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Key Takeaways – Air Barrier Market Study

Increasing stringent building codes & energy regulations are expected to have a positive impact on the long-term growth of the air barrier market.
Energy resources are limited; every unit saved is equivalent to each unit produced, and this is where the role of efficient insulation materials comes into play.
Several manufacturers of spray foam insulation have developed environmentally sensitive, innovative solutions that reduce carbon footprint. Spray foam insulation is produced using non-HCFC gas as the foaming agent.
For instance, Icynene offers a 100% water-blown spray foam solution, i.e. without any synthetic blowing agents or ozone-depleting substances, hence, minimizing overall global warming potential (GWP).
The market for eco-friendly and natural air barriers is anticipated to remain highly attractive during the forecast period. Insulation materials such as cellulose and fiberglass are preferred, owing to their higher recycled content and superior eco-friendly nature.

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Demand for air barriers has been growing at a stable pace over the past decade, due to stringent norms compelling manufacturers to build energy-efficient walls. To sustain and strengthen their market share in the air barrier market, players have started focusing on the development of novel techniques and methods that are efficient, effective, and offer additional functionalities.

Market Landscape Remains Fairly Consolidated

The global air barrier market is a fairly consolidated competition landscape, with a limited number of players dominating nearly the entire air barrier manufacturing and supply scenario. High price points associated with raw materials, high manufacturing costs, and establishing a foothold of existing manufacturing companies would continue to pose major challenges in front of potential new entrants in the global air barrier market.

BASF SE
DuPont de Nemours, Inc.
Owens Corning
Coromandel International Limited
SOPREMA
Compagnie de Saint-Gobain S.A.
Carlisle Companies
Atlas Roofing Corporation
GCP Applied Technologies
Firestone Building Products Company, LLC
Huber Engineered Woods LLC
GAF Materials Corporation
Johns Manville
R. Meadows, Inc.
Norbord Inc.
Sika AG
Bostik Inc.
3M Company
Knauf Insulation

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Smaller players operating in the air barrier landscape, on the other side, will continue to invest in organic growth strategies such as acquisitions, collaborations, and joint ventures. One of the globally leading players in the air barrier market that have been profiled in the report includes Owens Corning which currently accounts for more than 18% of the total market share.

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape:

Ductless Heating & Cooling Systems Market : The global Ductless Heating & Cooling Systems Market size is likely to grow at a rate of 8% CAGR during the forecast period of 2022 to 2032

Biocomposites Market : During the assessment period, the global biocomposites market is expected to increase at a robust CAGR of 16%, from US$ 25 Bn in 2021 to US$ 128 Bn in 2032

Stacker Crane Market : From 2022 to 2032, the Stacker Cranes Market is expected to grow at a CAGR of 7%, from an estimated USD 976 million in 2021 to USD 2022.48 million in 2032

Industrial PC Market : During the assessment period, the global Industrial PC Market is expected to register a robust CAGR of 6%, from US$ 5 Bn in 2021 to US$ 9.4 Bn in 2032

Industrial Cybersecurity Market : The industrial cybersecurity market is anticipated to record a CAGR of 7.7% during the forecast period (2022 – 2032)

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According to FMI Diamond Core Drilling Market Surpassing Market Value Of US$ 1.8 Bn End of 2031

The global diamond core drilling market will grow at a healthy 6 percent CAGR, Future Market Insights (FMI) predicts, surpassing a market value of US$ 1.8 Billion. Due to key manufacturers’ intense focus on product customization and automation, sales of diamond core drilling are anticipated to rise.

According to the report, the market is anticipated to grow at a healthy rate of 5.2 percent year over year (YoY), with shipments expected to reach 42,000 units by 2031.

Due to the need for improved infrastructure and to improve economic conditions, governments in numerous developing nations are increasing the construction and mining activities. This is expected to increase the adoption of diamond core drilling machines, spurring sales.

With increasing demand for customized and automated drilling machines, the market is expected to reach the value of US$ 1.8 Bn in 2021. Growth in the market is attributed to the rising mineral production across developing economies, including India, China, and Japan.

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As per FMI, the market registered an increase of 2% in 2021 registering year-on-year (YoY) growth of 5.2%. Due to the rising rate of fatalities and accidents at constrictions and mining sites, the government is pushing for the adoption of rig-operated drilling machines instead of hand-held.

Alongside this, technological advancements in industrial automation and demand for customized drilling machines, the market is expected to reach a shipment of 42,000 units during the forecast period (2021 -2031).

Key Takeaways from FMI’s Diamond Core Drilling Market Study

In terms of end-use, the construction industry will hold a majority of the share however increasing mineral production rate across the globe will increase the application of diamond core drilling in the mining industry
Due to stringent safety protocol and increasing fatalities in mining industries, adoption of rig-operated drilling machines is increasing, boosting segment growth
Based on drilling technique, stitch drilling is expected to account for lion’s share in the global diamond core drilling market
Germany is expected to be one of the most lucrative markets owing to the presence of leading companies
India is expected to witness lucrative growth opportunities backed by rising application in the mining and construction industry
China will lead the East Asia’s diamond core drilling market owing to the favourable government initiatives to increase the adoption of automated drilling machines

“With surging application of diamond core drilling in construction and mining industries, end-users are focusing on efficiency and precision. To meet the growing requirement for increased productivity, key manufacturers are extensively adopting advanced and cutting-edge technologies for automation and customization. This will widen the growth prospects for manufacturers in the forthcoming years,” says the FMI analyst.

Competitive Landscape

Dominance of top five players has left the market consolidated, creating an entry barrier for new players in global diamond core-drilling market. Adoption of inorganic growth strategies to gain exposure in the overseas territories is one of the major factor expected to create growth opportunities.

Future Market Insights identifies Hilti Corporation, Epiroc AB, Bogart Long year, Robert Bosch, and Husqvarna AB among the top 5 players in the diamond core drilling market. The contribution of these top 5 players in global market revenue, collectively, is estimated to be around 13.6%.

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Key manufacturers are focusing on technological advancement and product customization which is expected to expand their regional footprints in the industry, spurring sales.

For instance, Barsele Minerals Corporation, on 7^th June 2021, announced the resumption of diamond drilling activities which included drilling for 3,000 meters to test orogenic gold and volcanogenic massive sulphides. The drilling exploration program is operated through a joint venture with Agnico Eagle Mines Limited.

The company also announced the acquisition of Agnico Eagle’s indirect 55% interest in the Barsele Project and upon completion of the drilling project, the company will take over Agnico Eagle Mines Limited, consolidating 100% control.

Also, in June 2021, another manufacturer, Tectonic Metals Inc. announced the company’s exploration plans, anchored by two oriented diamond drilling campaigns, Tibbs Gold Project and Seventymile Gold Project in Alaska. The company is using rotary air blast drilling to carry out the exploration program.

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Get More Insights on Global Diamond Core Drilling Market

The research report analyzes demand for diamond core drilling across the globe. The diamond core drilling market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analyzed on the basis of operation type, drilling type, drilling technique, end use, and region. 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 side.

About Future Market Insights (FMI)

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

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Between 2022 And 2029, The Market For Carbide Tools Is Anticipated To Grow At A 7.2% CAGR.

A new Future Market Insights (FMI) study forecasts robust growth prospects for the global carbide tools market, prominently driven by fostering rate of adoption for automotive and fabrication applications. Sales in the global carbide tools market are slated to top US$ 7.0 Bn in 2022. Expanding at a healthy 7.2% CAGR, the market size is projected to total US$ 10.7 Bn by 2029.

The global market for carbide tools is predicted to generate revenues of more than $7 billion in 2022, representing a healthy Y-o-Y growth rate of 6.4%. According to FMI’s analysis, mills and drills together represent just under 60% of the total revenue from sales of carbide tools.

The report predicts that drills and mills will remain the most widely used types of carbide tools. Carbide drills, on the other hand, appear to have an advantage over carbide mills due to higher adoption for automotive applications, particularly those related to automotive engines.

According to the report, the latter are expected to gain prominence in fabrication. Furthermore, rising demand for thermal deburring applications is expected to boost carbide burr sales in the near future.

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Based on FMI’s analysis, most of the carbide tools that are sold have machine-based configuration. The report highlights significant opportunities in automatic machines or lathe machines. Convenient handling and operation, high-speed compatibility, and superior proficiency will remain the key determining factors rendering higher preference for machine-based over hand-based configuration.

Almost 90% of carbide tools are coated, which affirm their improved performance over non-coated counterparts. Despite a high price point associated with the former, FMI anticipates that the revenue of coated tools will remain dominant over non-coated tools, as performance has become the paramount. Adoption for woodworking applications will sustain sales of non-coated carbide tools.

Escalating utilization of carbide tools for job-shop applications in metal fabrication, general automotive applications, and high-speed cutting applications will predominantly push sales prospects of carbide tools, as per FMI’s research.

While adoption of carbide tools for automotive and fabrication end use applications holds more than 55% share in the total market revenue, growing adoption by heavy machinery manufacturers is also underpinning significant revenue generation in carbide tools market.

Europe has been spearheading the expansion of carbide tools market, which is likely to receive strong support from towering sales of EVs in the region. The report underscores remarkable contribution of China and India to the global market revenue.

Spectacular growth of the automotive components and metal fabrication industries has been instrumental in fueling the use of carbide tools within high-potential developing Asian economies, particularly China and India. Rapid automation of metal fabrication applications is cited as a predominant booster to adoption rate of carbide tools within the aforementioned countries.

According to the report, the collective share of China and India currently equates just-under a fourth of the global value, likely to thrive at a robust pace in the years to come.

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FMI has covered detailed market structure in the carbide tools market report, which includes some of the most prominent players such as KYOCERA Corporation, YG-1 Co., Ltd., Mitsubishi Materials Corporation, Allied Machine & Engineering Corp., OSG Corporation, Fullerton Tool Company, Sumitomo Electric Hartmetall GmbH, and others.

The global market for carbide tools is a highly fragmented landscape and FMI has characterized the space by moderate competition. Established brands such as IMC Group and Sandvik AB have been facing challenges related to profit margins owing to promising entry of new market players. While entrants are likely to maintain their focus on economics costs during new product launches, leading companies will continue to prioritize expansion.

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Electric Sub-Meter Market Is Projected To Expand At 3% CAGR From 2022 To 2030-FMI

Global electric sub-meter sales were valued at around US$ 9.74 Bn at the end of 2021. The market is projected to register 3% CAGR and reach a valuation of US$ 12.8 Bn by 2030.

Sales of electric sub-meters accounted for approximately 35% share of the global electric meters market in 2021. Smart sub-meters continue to carve out a significant share in overall electric sub-meter sales.

According to FMI analysis, the difference between the BPS values identified in the Electric Sub-Meter market in H1, 2022 – Outlook over H1, 2022 Projected shows a gain of 28 units. Notably, compared to H1, 2021, the market is expected to go down by 35 BPS in H1 -2022.

Key reasons for this change due to the major market obstacle is corporate governance’s refusal to pay the upfront cost of installing sub-meters. Users’ lack of information regarding effective energy management, precise invoicing, and increased transparency is impeding industry growth.

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Key Takeaways for Electric Sub-meter Market Study

Increasing consumer inclination towards smart sub-meters, owing to surging use of Internet of Technology (IoT), is anticipated to bolster market growth.
Conventional sub-meter manufacturers are merging with global technology providers and key market players, considering increasing traction towards smart sub-meters.
Governments in several countries are launching initiatives for rural electrification and installation of digital sub-meters.
Given noteworthy growth of the market in China, the East Asia region is projected to have a significant share in the global electric sub-meter market from 2022 to 2030.
The COVID-19 pandemic has put a majority of manufacturing and the supply chain of electric sub-meters on hold. As the number of infected individuals is increasing, industrial trade activities are expected to plunge significantly on a global scale, affecting the production and demand for electric sub-meters. Post containment of COVID-19 and lifting of lockdowns in developed regions, the global population would continue to follow social distancing protocols. Sales of electric sub-meters and new projects related to deployment of smart sub-meters in South East Asian countries will then pick pace.

“Manufacturers in emerging markets such as India and ASEAN countries are entering into supply agreements through tenders and new orders. Replacement of conventional electric sub-meters with novel smart sub-meters is expected to remain the key growth driver of the electric sub-meter market. In addition, manufactures are investing heavily in R&D activities in order to provide tech-driven smart electric sub-meters at comparatively lower prices, without compromising on quality.”

Electric Sub-meter Market: Competitive Landscape

Players active in the electrical sub-meter market covered in this research study are ABB, OSAKI ELECTRIC CO., LTD., Schneider Electric, Honeywell International, Landis+Gyr, General Electric, Itron Inc., Siemens AG, Xylem Inc., and Mitsubishi Electric Corporation. These key participants are looking to expand their footprints by acquiring regional manufacturers in the electrical sub-meter market.

Moreover, the global electric sub-meter market is fairly fragmented, with the presence of global as well as regional manufacturers. Market competition is anticipated to intensify due to strategic mergers & acquisitions by global market players to reinforce their business presence across continents.

Governments in countries such as Indonesia and Vietnam are walking the extra mile to enable proper electrification across their nations, and, as such, intensifying the competitive ratio in the market. Regional players in the electric sub-meter market are working towards innovating their product portfolios and reducing operational costs to provide products at lower prices.

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Find More Valuable Insights on Electric Sub-meter MarketFMI, in its new market research study, offers an unbiased analysis of the electric sub-meter market, which comprises global industry analysis of 2014–2021 and opportunity assessment for 2022–2030. The report offers complete analysis on the global electric sub-meter market through four different categories –product, phase, application and region.

The global electric sub-meter market study provides information of pricing by different life cycle analysis, product life cycle, key market trends, and technologies that are being implemented in the production of electric sub-meters, and product adoption in varied end-use industries.

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape

Substation Automation Market – The overall demand for substation automation is projected to grow at a CAGR of 6.7% between 2022 and 2032, totaling around US$ 55.69 Billion by 2032.

Electric Motor Market – As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021, while the AC Motors segment was up 5.1% to 837 million units.

Industrial Robots Market – According to FMI analysis, the change between the BPS points in the Industrial Robots market in H1, 2022 – Outlook over H1, 2022 Projected a gain of 70 points. Notably, compared to H1, 2021, the market is expected to lose 48 BPS points in H1 -2022

Building Automation Systems Market – Global building automation systems market to reach a valuation of US$ 44.6 Bn in 2021. After countering the initial impacts of COVID-19, the market is poised to grow at a robust 7.8% CAGR through 2031.

Industrial Robotics Market – The global industrial robotics market is estimated to surpass US$ 96.82 Bn by the end of 2028. Rising emphasis on enhancing the productivity of high-volume production lines, particularly in the manufacturing of semi-conductors and electronic devices is favoring the growth in the market.

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