Market Research Blog – Page 10212 – New Product Development

Natural Cosmetics Market is Likely to Secure A CAGR of 5.2% Through 2032

The natural cosmetics market was valued over US$ 36 Bn in 2019, witnessing a moderate CAGR during forecast period 2019 – 2027. A new study by FMI forecasts that natural cosmetics market will grow at 4.8% in 2019. Key factors fuelling demand for natural cosmetics include,

Growing consumer concerns regarding the side effects of chemicals in cosmetics & toiletries
Demand for natural ingredient percolating from food to non-food products including cosmetics & personal care
Dissemination of knowledge regarding benefits of natural ingredients and increasing ethical consumerism

The study finds that household consumption of natural cosmetics remains higher as compared to their demand in commercial spaces of salons & spa. Consumer preference for organic and natural products is no more limited to food & beverages landscape, with organic cosmetics sales surging in recent years. According to FMI, sales of natural cosmetics in the household segment is likely to account for over two-third of the global revenues in 2019.

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Hair Care Natural Cosmetics Accounted for Nearly One-Third Sales in 2018

The study revealed that in addition to growing popularity of natural skin care products, consumer preference for natural hair care products is also growing. Plant-based hair care products are witnessing popularity among an increasingly growing consumer demographic looking for chemical-free products for daily use. These factors are also fuelling the natural skin care product category, which is set to grow at over 5% in 2019 over the previous year.

“Skincare and hair care products are among the traditional products used for grooming and have witnessed significant evolution in formulations wherein plant-based and organic products are trending in the cosmetics & personal care industry. A combination of hair care and skin care products accounted for over half the natural cosmetics market revenues in 2018 and the status-quo will continue in the coming years,” says FMI.

Unisex Natural Cosmetics Top Selling, Male Products Gaining Traction

The study finds that sales of unisex natural cosmetics have spearheaded the market for many years. In 2019, the trend is likely to continue and the sales of unisex natural cosmetics will hold over one-fourth of the global revenues. Consumers’ greater orientation towards unisex natural cosmetics can be attributed to their higher sales in the market.

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The increasing interest of male grooming is a new trend in the industry which is expected to translate into higher sales in the ‘for men’ category in 2019. Natural cosmetics for females are also gaining popularity, as local manufacturers use their traditional herbal know-how in delivering broader and safer natural cosmetics portfolio.

Distributors Accounted for 2 in 10 Sales of Natural Cosmetics in 2018

FMI’s thorough study of the distribution network of the natural cosmetics market reveals that wholesalers or distributors remain the preferred choice for the purchase of natural cosmetics among consumers. Over 2 in 10 natural cosmetics products were sold through wholesaler or distributors in 2018.

Apart from this conventional sales channel, consumers also prefer convenience stores to purchase natural cosmetics. While sales through convenience stores were comparable to that of wholesalers or distributors, hypermarket/supermarket and specialty stores also continue to register considerable unit sales of natural cosmetics. Consumers also chose online purchase option, however, limited options of premium products restrict the sales as consumers prefer cost-effective and reliable products.

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Natural Cosmetics Sales in Europe Continue to Surge

FMI opines that Europe will be the largest consumer of natural cosmetics and APEJ and North America are expected to follow suit. Europe has a sophisticated legislative framework for cosmetic market players to enter the EU market.

Further, Europe’s love for natural plant-based ingredients combined with the region’s efforts to promote sustainability is fueling the demand for natural ingredients. In Europe, demand remains concentrated in EU5 countries which include Germany, France, Italy, Spain and the UK, wherein presence of an extensive distribution network with a number of sales channels, the natural cosmetics market is attracting new consumers.

Natural Cosmetics Market Segmentation

By Product Type

Skin Care
Hair care
Color Cosmetics
Fragrance
Oral Care
Toiletries

By Application

Male
Female
Unisex
Baby

By End-use

Personal Care (Household)
Salon & Spa

By Sales Channel

Hypermarket/Supermarket
Online Stores
Convenience Stores
Speciality Stores
Wholesale/Distributors
Club Stores

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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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Waterproof Speaker Market is Estimated at US$ 8.6 Bn in 2022 And is Projected to Reach US$ 12.2 Bn by 2027

The Waterproof Speaker Market size is estimated at US$ 8.6 Bn in 2022 and is projected to reach US$ 12.2 Bn by 2027. As per newly released data by Future Market Insights (FMI), The waterproof speaker market has reflected a CAGR of 6.3% from 2013 to 2021. The share of the waterproof speaker market in its parent market (global speaker market) ranges between ~5%-15%.

In the global waterproof speaker market, companies across the globe are focusing on research & developing and the launching of new product variants, which is a key factor driving demand for waterproof speakers across the globe.

Companies operating in the market are constantly investing a significant amount on research and development activities to cater to the evolving needs of customers who are seeking authentic and specialised products. Waterproof speakers have standard features such as style, basic functionality and durability.

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Technological advancements in several audio devices has changed the manner in which people appreciate and play music. An increase in the demand for wireless-based audio devices, which include portable waterproof speakers with different connectivity options such as Bluetooth & Wi-Fi, sound-bars, headphones and microphones, has been witnessed in the audio industry.

Moreover, the demand for waterproof speakers and similar other devices from end users is gaining traction. This has expected to drive the North America market over the forecast period.

The manufacturers of waterproof speakers have also adopted some key differentiating strategies. For instance, brands operating in the market are targeting mass consumers. They are also offering waterproof speakers with advanced features at competitive prices.

The manufacturers of waterproof speakers are also seeking product innovation due to an increase in the awareness of consumers with respect to different brands in the waterproof speaker marketplace, as well as to maintain a proper value chain to reach the proper target audience and to reduce the cost of the final product.

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Manufacturers are focused on developing high-value waterproof speakers due to the rising consumer demand for better and more effective value-added products. Furthermore, the rising diversity of premium waterproof speakers on retail shelves is also expected to contribute to the increasing value share of the market in the near future.

Features, such as long-range connectivity, robustness and the availability of products on e-commerce platforms, are expected to boost the market. The functionalities of multi-room sharing via small devices, i.e., the pairing of multiple portable waterproof speakers via a single device to make compact devices produce louder sounds, are increasing the demand for waterproof speakers in the market. The rising popularity of waterproof speakers among the millennial population is also a major driver of the waterproof speaker market.

The global market is segmented on the basis of regions, which include North America, Latin America, Asia Pacific Excluding Japan (APEJ), Europe, Middle East & Africa and Japan. Among all the regions, the North America and Asia Pacific excluding Japan regions are estimated to have a substantial value share. The North America region is expected to grow with the highest growth rate of 8.3% owing to the growing number of smart homes in the region. In terms of revenue, the value of the market was US$ 6,327.4 Mn in 2017.

Key Players in the Waterproof Speaker Market

Detailed profiles of companies are also included in the global waterproof speaker market report to evaluate their strategies, key product offerings and recent developments. Some of the key players profiled in the global waterproof speaker market study include Bose Corporation, HARMAN International, Apple Inc., Yamaha Corporation, Sony Corporation, Logitech International S.A., LG Electronics Inc., Samsung Electronics, Panasonic Corporation, Sound United LLC, Philips, LIXIL Group, Anker, Ematic, G-Project Gear, 808 Audio, ROCKVILLE, FosPower, AOMAIS and Altec Lancing.

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Global Waterproof Speaker Market by Category

By Product Type:

Portable Waterproof Speakers
Ultra-Portable Waterproof Speakers

By Sound Proposition:

Directional Speakers
360 degrees Speakers

By Application:

Household
Institutional
Offices
Leisure

By Sales Channel:

Wholesalers/ Distributors
Hypermarket/Supermarkets
Specialty Stores
Multi-brand Stores
Online Retailers
Other Sales Channel

By Region:

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

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Growing Demand for Hair Bond Multipliers Anticipated to Be Witnessed in The Near Future

The global hair bond multiplier market size and throws light on the various factors boosting revenue growth of the global market. In terms of revenue, the global hair bond multiplier market is estimated to expand at a CAGR of 7.1% over the forecast period.

Owing to increasing fashion trends, individuals are more inclined towards experimenting with hair styles, modifications and different shades of hair colours. Millennials are showing increasing interest in hair colouring and are following celebrities to have different hair colour shades and hair styles. Hair treatment with chemicals and extensive heat to achieve desired modifications could cause potential harm.

Individuals are becoming more concerned and conscious about hair health and hence to counter the harmful effects of heat and chemicals, the demand for hair bond multipliers to strengthen hair is increasing.

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Global Hair Bond Multiplier Market: Segmentation & Forecast

The global hair bond multiplier market is segmented based on product type, application, end use, and sales channel. By product type, the hair bond multiplier market is segmented into kit and loose. On the basis of application, the market is segmented into hair colouring and hair treatment.

The hair colouring segment has a high growth rate of 7.3% over the forecast period with the segment anticipated to be valued at US$ 82.7 Mn by the end of 2017. By end use, the hair bond multiplier market is segmented into salons, spa, and personal use.

The salon segment is estimated to hold the largest market share of 69.1% in 2017 with the market anticipated to be valued at US$ 119.1 Mn by 2017 end. By sales channel, the market for hair bond multiplier is segmented into direct sales and retail sales.

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The retail sales segment is further sub segmented into modern trade, distributors/wholesalers, health & beauty stores and online retailers. In terms of value, the retail sales segment is projected to be the most attractive segment in the global hair bond multiplier market during the forecast period and is expected to remain dominant with a revenue share of 58.5% by 2027 end.

Global Hair Bond Multiplier Market: Regional Forecast

This report assesses trends driving growth of each segment at the global as well as regional level and offers potential takeaways that could prove substantially useful to hair bond multiplier manufacturers looking to enter the market. In this report, the hair bond multiplier market has been segmented into seven major regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).

North America is expected to exhibit relatively high CAGR and high incremental value over the forecast period. In terms of value, the North America hair bond multiplier market is projected to be the most attractive regional market during the forecast period and is expected to remain dominant accounting for a revenue share of 22.9% by 2027 end.

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Global Hair Bond Multiplier Market: Key Players

Some of the key players in the hair bond multiplier market featured in the report include L’Oréal S.A., Olaplex LLC, Croda International Plc., Henkel AG & Co. KGaA, Keune Haircosmetics Manufacturing B.V., Lakmé Lever Private Limited, Earthly Body, Inc., Brazilian Professionals LLC., Affinage Salon Professional Limited. In this report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, new marketing techniques, product offerings, and mergers and acquisitions.

Market segmentation

By Product Type :

Kit
Loose

By Application :

Hair Colouring
Hair Treatment

By End Use :

Salons
Spa
Personal Use

By Distribution Channel :

Direct Sales
Retail Sales
- Modern Trade
- Distributors/ Wholesalers
- Health & Beauty Stores
- Online Retailers

By Region :

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East and Africa

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Middle East Flooring and Carpet Market is Anticipated to Expand at a CAGR of 5.3 % By 2026

The Middle East flooring and carpet market size is projected to grow in value during the forecast period at a CAGR of 5.3%, reaching a market size of more than US$ 10 Mn by 2026’s end. Revenue from the carpet tile category is predicted to dominate other product type categories in the Middle East flooring and carpet market, with a CAGR of 7.3%. ( 2016–2026).

The research goes deeply into the murkiest crevices of the Middle Eastern markets and presents some really important and futuristic statistics that are closely related to the genetic behaviour of the market. According to the analysis, the Middle Eastern flooring and carpet industry would expand significantly over the course of the projected year.

Weavers originated in this part of the world. There are some of the most well-known magicians in some parts of the world. The flooring and carpet market in the Middle East is booming and offers a wide range of goods. The area of the world is slowly becoming one of the main tourist destinations, and the real estate market in this area is booming.

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The report delves deep into the darkest corners of the markets spread across the Middle East and tables some very crucial and futuristic data which are close-knitted with the genetic behaviour of the market. The report says that the Middle East flooring and carpet market will grow manifold within the forecast period. Within the assessment period the market will shine and rise it will record more than 5% CAGR.

This region of the globe is a cradle of weavers. Some of the best-known hands who can weave magic are available in part of the world. A plethora of products is available in this expanding middle-east flooring and carpet market. The portion of the world is steadily rising as one of the major tourism hubs also the real estate segment of this region is on fire.

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The economy is thriving and basking with a wave new investment. This entire economic resurgence is pushing ahead the width of the middle-east flooring and carpet market. The market exports some of the best quality, artificial grass, carpets, rugs, variety of laminated floorings and carpet titles to different parts of the world. The demand of these of niche products are maximum in different parts of the globe and as per this market analysis, the demand for these luxury products will surge in the coming few years. As per the report, the middle-east flooring and carpet market will cater commercial as well as the domestic customers.

The market is extremely challenging as most of the customers of this segment do have an eye for details and they are eager to shell out some extra bucks to get the best possible products from the market. To cope up with this new breed of customers the manufacturers are polishing their skills and tabling custom made products to stay afloat in this competitive market. Lucrative discounts, advanced 3D technology is introduced in the market to enhance the customer outreach.

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The major stakeholders of the market are steadily revamping their manufacturing policies to meet the elevated environment-friendly standards issued by the government. As per the application type, the market is fragmented into commercial, residential offices, hospital and healthcare, industrial application, automotive and retail.

Several raw materials are used in this market and they are Polypropylene, polyester, other materials and nylon. The rise of the new luxury conscious customers, expanding the economy of the region and expanding demand for these products in educational institutes, hospitals and hospitality will drive the market forward in within the assessment period predicts the report.

Segment Analysis

The nylon section will dominate more than 40% of the market share until the end of 2016 apart from this the other material segment of the market will also contribute significantly to the growth of the Middle East flooring and carpet market
The residential segment will push the market ahead in 2016. The automotive application and hospitality segment will also show positive results in the assessment period

Regional Analysis

Qatar and Kuwait will be significant contributors to the growth of the Middle East flooring and carpet market. As Qatar will be the hosting mega football event in the year 2022, thus it will affect the market periphery of the flooring and carpet. Apart from this other country of this region such as UAE, Egypt, Iran, Kuwait, Bahrain, Oman and Turkey will also showcase good development in the market.

Vendor Insights

Some of the prime players who are operating in this segment are Cerner Corporation, Care Fusion Corporation, Kirby Lester LLC, Swisslog Holdings AG etc.

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Ecotourism Market is Projected to Grow by 15% CAGR Between 2021-2031

The ecotourism market size is projected to grow by 15% CAGR by the end of the year 2031. In 2021, the market value will surpass US$ 17 Bn, finds Future Market Insights (FMI) in its latest study.

FMI projects the education sector to significantly contribute towards the ecotourism market growth. The relationship between education and ecotourism is concerned with ensuring that organisations deliver effective interpretations of cultural, resource management, and environmental values.

Education with ecotourism is not only one way of transfering knowledge or information but it is about understanding and learning in a manner that personally involves ecotourism in an enjoyable and interesting manner.

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Ecotourism provides a great opportunity to learners and students to receive education and gather knowledge along with personal and professional growth. It can help instil values in students that will lead to their involvement in environmental and other social issues in the future.

Governments around the world are adopting various initiatives to support the safety and security of tourists. The provision for better security to ensure the safety of tourists is enhancing the scope of tourism by boosting the number of visits from tourists from across the globe.

Also, steps taken by governments to preserve nature will present a conducive environment for the ecotourism market growth. They are also focusing on improvements in the agro-industry, as they have understood the importance of creating a sustainable environment. These initiatives have majorly boosted the market for ecotourism in the world.

Key Takeaways from the Ecotourism Market Study

North America, Europe, East Asia, and Oceania among others are the top-visited destinations for ecotourism.
The United States, the United Kingdom, China, and Australia among others are the most popular countries in the ecotourism market.
The demand for ecotourism will be higher among people aged between 26 years and 35 years.
Natural and wildlife ecotourism demand will rise considerably in the coming years.
UAE will emerge as a popular ecotourism destination backed by favourable government initiatives.

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Impact of COVID-19 on the Market

The novel coronavirus outbreak had caused an economic downturn by disrupting corporate operations in the tour and travel industry. Tourists dependent countries felt the negative impacts of the pandemic longer than other economies.

As per the UNWTO, 100 to 120 million direct tourism jobs (including labour-intensive accommodation, food services industries and other transport industries) were at risk. Even after vaccination, somewhere people are scared about another wave of coronavirus in the countries like France and China, which is restricting people to go on foreign tours.

Who is winning?

Players in the ecotourism market are adopting a virtual and online approach to connect with potential tourists. A few key players in the ecotourism market are Eco Travel and Tourism LLC, Big Five Tours & Expeditions Inc., G Adventures, Praxis Holidays LLP, Greenloons LLC, Aracari, Adventure Alternative Ltd, Responsible Travel, Steppes Travel, Great Canadian Trails, Tropical Rainforest Education and Exploration, Windmill Holidays, Farhat Tours & Transfers S.P.C., Intrepid Travel, Frosch International Travel, GeTS Holidays, Midnight Sun Travel, TRUE ECUADOR TRAVEL, and Royal Arabian Destination Management among others.

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Global Ecotourism Market by Category

By Type:

Nature & Wildlife
Cultural
Rural

By Tour Type:

Independent Traveler
Tour Group
Package Traveler

By Tourist Type:

Domestic
International

By Consumer Orientation:

Men
Women
Children

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
56-65 Years
66-75 Years

By Region:

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

Conveyor System Market Insights By Type, Industry, Application & End-User | FMI

The conveyor system market saw steady growth in 2021 with worldwide revenues up 3.5% year over year. Future Market Insights (FMI) has forecasted the conveyor system industry to reach US$13.7 billion in 2021 at a CAGR of 4.5%, backed by increasing mergers & acquisitions by Tier-1 companies and integration of machine learning and internet of things in material handling solutions.

The manufacturing industry is being driven by rising per capita income and rapid economic growth in developing countries such as India and Brazil. This, combined with automation in the fast-moving consumer goods (FMCG), baggage handling, and manufacturing industries, will have a positive impact on market growth over the forecast period.

Conveyor systems that are automated eliminate human error, improve safety, and increase production volume with high repeatability. Because of these advantages, businesses are implementing modern conveyor systems for material handling processes.

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Key Takeaways from FMI’s Conveyor system Market Study

North America conveyor system market is forecast to expand at 3.5% CAGR due to rapid growth in online retail sector.
Growing adoption of automation in automotive and manufacturing industry, surging mining and construction activities along with growing e-commerce industry in the U.K. and Germany are the key factors driving the market in Europe.
Population surge, increase in demand for processed food, and presence of e-commerce giants like Alibaba group will drive the demand for conveyor systems in FMCG and packaging industries in China.
India is expected to offer lucrative opportunities as home to one of the leading the retail sectors after U.S. and China. Steady consumer demand and rising investment towards expansion of retail infrastructure will boost the demand for advanced material handling systems, such as conveyor systems.

“Increasing penetration of automation in material handling and distribution system and increase in number of supermarkets and distribution centers will boost the demand for conveyor system in upcoming years,” says the FMI analyst.

In response to pandemic, Multi-Conveyor collaborated with East Coast representatives to develop a hand-pack conveyor system to effectively follow social distancing in work place and launched “Barrier Spaced Conveyor” in July 2020. Dürr Group introduced automated guided vehicle designed for paint shops as a part of its intelligent production initiative in May 2019.

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Prominent players operating in the conveyor system market are:-

Daifuku
BEUMER GROUP
Interroll Holding AG
Murata Machinery
Schaefer Systems International
Dürr Group

Surge in online retailing activities along with increasing demand for high quality goods will drive the adoption of conveyor and sortation systems in the retail industry. Companies are installing conveyor system to optimize warehouse spacing, sorting and cross-docking products, and automating their distribution process. Increase in online shopping in India, China, Brazil, and Chile will positively influence the market growth in upcoming years.

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Aerial Work Platforms Market To Reach A Valuation Of US$ 18,658.0 Mn By 2032, at a CAGR of 6.3%

The global aerial work platforms market size stood at around US$ 9,614.3 Mn in 2021, and is set to expand at a CAGR of 6.3% during the forecast period from 2022 to 2032. The global market is anticipated to reach a valuation of US$ 18,658.0 Mn by 2032.

Aerial work platform, also known as an aerial machine, bucket truck, or mobile elevating work platform, is a mechanical device that can provide temporary access to inaccessible locations, usually at height, for equipment and people.

Over the next ten years, it is anticipated that the growing number of aerial work platform rental companies in China and the country’s rising construction spending will open up new growth opportunities for manufacturers doing business there.

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With the completion of infrastructure projects and the growth of the regional economies in the Middle East and Africa, aerial access tools like scissor lifts are becoming more prevalent. Aerial work platform sales are increasing as more infrastructure projects are implemented in urban and rural areas to meet the soaring demand from the expanding population globally.

Aerial work platforms are in high demand across all sectors, but particularly in manufacturing and general infrastructure. Due to their advantages, these platforms are anticipated to be adopted by both small and large construction companies, as well as maintenance personnel and agents.

However, lack of experienced machine operators and high equipment acquisition prices may hamper demand for aerial work platforms in the next decade.

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Key Takeaways: Aerial Work Platforms Market

The global aerial work platforms market holds about 12% of the global crane market share.
From 2012 to 2021, the market for aerial work platforms exhibited 8% CAGR.
The U.S. held around 3% of the North America aerial work platforms market share in 2021.
China is expected to create an incremental opportunity of more than US$ 1.5 Bn in the coming decade.
By product type, the scissor lifts segment is estimated to account for more than 32% of the global aerial work platforms market share by 2032.

“Increasing demand for rental aerial work platforms among construction companies to reduce initial purchasing and maintenance costs is expected to augment the global market,” says a Future Market Insights analyst.

Competitive Landscape: Aerial Work Platforms Market

The aerial work platforms market is highly competitive and is dominated by various international and domestic companies offering competitively priced products. Key players are also focusing on product innovations to expand their geographic presence and strengthen their positions in the global market.

For instance,

In August 2022, Manitex International, Inc. started the delivery of nearly 200 oil & steel aerial work platforms to Enel, LLC. The equipment will be utilized for supporting the latter’s power-line maintenance fleet.

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Get More Insights on Aerial Work Platforms Market:

According to FMI, the market research report offers an impartial analysis of the aerial work platform market which contains a global industry analysis for 2012–2021 and market forecasts for 2022–2032. The research report analyzes on global aerial work platform market through different categories. The global market analysis of the aerial work platform provides pricing information through various life cycle studies, product life cycle, key market developments, and innovations that are being introduced in the development of the aerial work platform and product acceptance in various end-use.

The global market was divided into various segments, including product type (boom lifts, scissor lifts, vertical mast lifts, and push around & spider lifts), fuel type (gas or diesel, electric, and hybrid), platform height (below 10 meters, 10 to 20 meters, 20 to 30 meters, and above 30 meters), sales channel (OEM and rental service providers), and end use (construction, mining, transportation & logistics, manufacturing, and aerospace & defense) across seven regions in the world.

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Sulphur Recovery Technology Market – Global Industry Analysis and Deeper Insights | FMI

In a recent research report, Future Market Insights predicted that the market for sulphur recovery technology would grow at an impressive 11% CAGR from 2021 to 2031.

The market for sulphur recovery technology is anticipated to reach US$ 1.2 billion in value by 2021 and expand at a compound annual growth rate (CAGR) of 11% from 2021 to 2031, according to data from Future Market Insights (FMI) that was recently published. In 2021, the top market players will hold a 2/5 market share in sulphur recovery technology due to the rising production of shale gas.

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Manufacturers of sulphur recovery technology are expected to benefit greatly from the growing number of refinery projects around the world because the installation of their units in these plants will result in sizable profits.

Demand for the installation of sulphur recovery technology units has increased as regulations for lowering sulphur levels in products and lower sulphur emissions have become more important.

Key Takeaways of Sulphur Recovery Technology Market Study

Increasing exploration and production activities, especially those associated with shale gas, led to high demand for sulphur recovery technology units from refineries. Production of recovered sulphur from gas refining activities is increasing significantly, attributable to the rise of major gas refining activities across the globe.
In terms of plant capacity, there is a rising demand for sulphur recovery technology units with capacity of less than 100 t/d, owing to lower emission footprint, ease of upgradation, and relative cost-effectiveness as compared to other units.
Stringent environmental regulations regarding emission of hydrogen sulfide mainly released during oil & gas extraction, treatment, transportation, and refining are boosting the demand for development of cost-effective desulphurization technologies. For instance, environment legislation of EU (European Union) sets the standards for oil & gas refineries industries in Europe.
The oil and gas production in prevailing refineries is expected to have a greater impact on the growth and development of the global sulphur recovery technology market in comparison to new refinery bases.
In terms of value and volume, Europe and the MEA are identified as dominant regions throughout the forecast period. Increasing number of refineries projects in countries in Europe and MEA such as Saudi Arabia, Kazakhstan, and Russia, are expected to supplement the demand for sulphur recovery technology. These countries also have oil reserves, which in turn support the demand for sulphur recovery technology.

“APAC is one of the majorly profitable markets for players offering sulphur recovery technology, attributable to the establishment of new refineries to cater to growing demand for new gas refining units in the region,” says an FMI analyst.

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Sulphur Recovery Technology Market: Competitive Landscape

The global sulphur recovery technology market has remained competitive with the presence of giant players having expertise in advanced manufacturing technologies, and product offerings for diverse applications.

However, leading players account for nearly 2/5^th of the global sulphur recovery technology market share. These players include Royal Dutch Shell plc, Exxon mobil Corporation, Bechtel Corporation, Fluor Corporation, and Linde AG & Technip FMC plc.

Such key players are adopting strategies such as expansion, acquisitions, and product launches, and are creating challenges for small-scale players.

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Key Segments Covered in Sulphur recovery technology Market Study:

Technology

Claus Process
Tail Gas Treatment

Source of Recovery

Oil
Gas
Others

Capacity

<100 t/D
101-200 t/D
201-300 t/D
>300 t/D

Region

Asia Pacific
North America
Latin America
Europe
MEA

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https://adhipatialumni.com/blogs/57295/Material-Handling-Equipment-Market-2022-Current-and-Future-Demand-Analysis

U.S. Skilled Nursing Facility Market Revenue is expected to Surpass US$ 251.94 Bn by 2032

The U.S. skilled nursing f acility market has been valued at USD 181.74 billion in 2022 and it is expected to grow at a CAGR of 3.32% from 2022 to 2032 and is anticipated to reach US $ 251.94 billion by 2032.

Skilled nursing facilities provide high-quality care services at a much lower cost than hospitals, resulting in high demand. The growing geriatric population and prevalence of multiple chronic diseases in the United States are driving the U.S. skilled nursing facility market growth.

The geriatric population over 65 years increased by 9%, with 14.3 million adults over the age of 65 suffering from chronic disease diabetes, paralysis, hypertension, and so on, has increased the demand for U.S. skilled nursing facilities. The availability of Medicare and Medicaid, as well as emerging technologies, will drive the U.S. skilled nursing facility market future trends in the coming years.

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The rising prevalence of chronic conditions are expected to influence the U.S. skilled nursing facility market key trends and opportunities in the coming years.

Most skilled nursing facilities are nursing homes that provide long-term care services not covered by Medicare. As a result, the availability of reimbursement and favourable investment returns are driving U.S. skilled nursing facility market growth along with U.S. skilled nursing facility market key trends and opportunities.

Thus, from the research carried out by Future Market Insights, it is quite evident that “with the increase in the health issues of the geriatric population and increase in the chronic diseases, the adoption of US skilled nursing facility is projected to increase during the forecast period.”

KEY TAKEAWAYS:

The most affordable type of facility that offers 24-hour service is freestanding. High Medicare payments are a major growth driver in this segment escalating the U.S. skilled nursing facility adoption trends.
During the forecast period, the hospital skilled nursing facilities segment is expected to grow significantly and positively impact the U.S. skilled nursing facility market future trends.
For-profit facilities have dominated the U.S. skilled nursing facilities market’s ownership segment.
During the forecast period, non-profit skilled nursing facilities are expected to be the fastest-growing segment.
During the forecast period, government skilled nursing facilities had a lower U.S. skilled nursing facility market share than for-profit and non-profit facilities.

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COMPETITIVE LANDSCAPE:

Due to the presence of several local businesses, the U.S. skilled nursing facility market is fragmented. Companies are also investing in expanding their service portfolios. They are also concerned with maintaining competitive prices.

Genesis Healthcare; Brookdale Senior Living Solutions; The Ensign Group; Inc; Extendicare; Sunrise Senior Living; LLC; Life Care Services; Golden Living Centres; Life Care Centres of America Corporate; Peninsula Behavioral Health; Sava Senior Care Administrative Services LLC; Lincare, Inc.

These U.S. skilled nursing facility market players are constantly working on the development of new products, employing various strategies such as mergers and acquisitions, partnerships, collaborations, and more.

Covid-19 Analysis:

The COVID-19 pandemic had a negative impact on the U.S. skilled nursing facility market. The U.S. skilled nursing facilities were COVID-19 hotspots, resulting in restrictions on adoption of U.S. skilled nursing facility.

Following the COVID outbreak, U.S. skilled nursing facilities installed wireless videoconferencing technologies to prevent infection among patients and staff. Skilled nursing facilities provide internet access to patients in their rooms, allowing for easy communication with friends, family, and staff.

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Key Segments

By Type:

Freestanding
Hospitals

By Ownership:

For-Profit
Non-Profit
Government

By Region:

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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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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Electric Motor Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2031 End | FMI

In 2021, the electric motor market is expected to grow annually (YoY) by 4.2% and reach 1.2 billion units. According to the report, demand for AC motors increased by 5.1% to 837 million units in 2021, while demand for DC motors will increase by 2.2% to 339 million units.

Electric motor demand is anticipated to increase due to the residential appliances segment, which primarily uses low power capacity motors. The electric motor market has traditionally been thought of as a high volume, high value market.

Electric motors consume 40% of total energy used in industries, according to Energy Association estimates. Instead, emphasis should be placed on promoting the use of high-efficiency motors.

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Demand for alternating current (AC) electric motors has been steadily increasing. This can be attributed to operating advantage linked with it, its prime advantage is its speed torque characteristics which has raised the application for electric motors in various end uses, owing to which the AC electric motors has secured a prominent share in the global Electric motors market.

The growing requirement for pumping application from agriculture, water treatment plants, oil & gas sector and other industries is expected to drive the electric motors market in the forecast period. Increasing number of players are focusing on research and development related to electric motors, which is anticipated to contribute towards market growth in the years to come.

The electric motors market however registered moderate decline in its sales volume in FY2020 due to the unforeseen COVID-19 pandemic. Demand from major end-use industries like automotive, oil & gas, and other waned. Contrary to this, sections of medical sector were not affected due to increase in demand amid the adoption of COVID-19 precautionary measures.

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Key Takeaways from Electric Motors Market Study

Power output electric motors are projected to hold over 80% volume share of the global market in 2021, owing to robust demand for various applications.
The AC Electric motors are set to hold over 71.6% of the market share on value basis by the end of forecast period.
East Asia will remain a primary market, backed by rising demand from the automotive & residential sector. It is expected to account for over 22.7% of the demand registered in globally in 2021.
Electric motors for robotics application set to surge at CAGR of approximately 5.9% over the coming decade.
The U.K. is emerging as a key market in Europe, with a valuation of over US$ 5.4 Bn in 2021, and anticipated to grow with 5.4% CAGR in the forecast period.

“The electric Motors market is anticipated to grow at a strong pace driven largely by increasing demand for innovative and energy-efficient products across industries. Raising automation and digitalization in various end-use sectors are key factors fuelling the demand for electric motors. Industry participants are investing in expansions, strategic alliances, and cost effective solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Competitive Analysis:

The electric motors market is highly competitive with more than 1,000+ players consisting of tier-1, tier-2 and local based vendors across the region, key players accounting for around 20-30% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to General Electric, Robert Bosch GmbH, Hitachi, Ltd., Nidec Corporation, WEG S.A., Siemens AG, ABB Group, Regal Beloit Corporation, Toshiba Corporation, Johnson Electric, Hyosung Corporation, Schneider Electric SE, Bonfiglioli Riduttori S.p.A., Kirloskar Electric Company Ltd., Allied Motion Technologies Inc., East West Manufacturing, LLC, Hyundai Electric Co. Ltd.

https://www.scribd.com/document/600056243/Material-Handling-Equipment-Market-Current-Scenario-Trends-Comprehensive-Analysis-and-Regional-Forecast-to-2032

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