Market Research Blog – Page 10257 – New Product Development

Metal Bellows Market Must-Have Information For Market Players To Sustain And Enhance Their Market Footprint | Future Market Insights

Metal bellows are made to compress or expand when pressure is applied, then return to their original size when the pressure is released. The preference of end users for metal bellows over its alternatives is anticipated to increase the profitability of manufacturers across various regions, despite the fact that the global metal bellows market is characterised by strict governmental regulations. Metal bellows serve as a resistance when pipes expand as a result of a rise in temperature by limiting the compression by force.

Their convolution geometry and thickness are designed in accordance with the temperature and pressure range as well as pipe capacity because they are frequently used in piping applications.

Metal bellows are frequently used in many different industries, including manufacturing, water treatment, mining, the automotive industry, power generation, and the production of wind energy. Bellows made of metal are flexible components used in a variety of industrial applications where compression is anticipated when pressure is applied from the opposite side of any elastic vessel.

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Demand for Metal Bellows in Aerospace & Defense Industry to Grow Strong

Global leaders such as Airbus and Boeing, are known to be holding a significantly large backlog of orders, and this is currently holding up the production activities for these players.

In addition, the industry is witnessing a growing number of new original equipment manufacturers (OEMs) entering the landscape, along with the rising development of fuel-efficient alternatives for conventional elements of commercial aerospace products.

This indicates that the adoption of metal bellows in the global aerospace & defense industry will further bolster the growth of the global metal bellows market in the coming years.

High Performance Parameter of Metal Bellows over Non-metallic Bellows Trigger Demand

Though both – metal and non-metal bellows are used in distinct applications, based on their performance characteristics, the prior shows advanced parameters that make them suitable for a wider range of applications than the latter.

Metal bellows are higher in demand than non-metal bellows mainly due to their higher pressure range, temperature range, flexibility in connection types, along with its suitability with various fluids and gases.

With the rugged, multiple layer designs, metal bellows are designed for applications performed in a wide range of temperature range from -420°F to +1800°F. Whereas, non-metal bellows usually suit applications under the temperatures around 230°F, based on the materialist properties of synthetic materials used.

Consequently, though both the types of bellows are used in different applications based on their utilities and importance, metal bellows are more commonly used in multiple industrial applications.

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Metal Bellows Market: Region-wise Analysis

Based on the geographical factors, the metal bellows market is broadly segmented into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

According to different geographies and specific geopolitical factors, the market for metal bellows is expected to witness incremental growth in the Asia Pacific region.

The region plays an important role in the supply chain operations as most manufacturers have their production centers in developing Asian countries such as China and South Korea. In addition, increasing presence of raw material suppliers, retailers, and metal bellow manufacturers in the region further amplifies the growth potential of the Asia Pacific metal bellows market.

On the other hand, developed regions including North America and Europe, are also expected to create sizable demand for metal bellows with the increasing growth of the market. Developed countries such as the United States along with some countries in Western Europe – Germany, France, and Spain, are expected to contribute to the increasing growth of the global metal bellows market.

Due to the coronavirus outbreak, the metal bellows market in most Asian countries witnessed sluggish growth. However, countries such as China and South Korea are recovering fast from the pandemic, which is expected to revive the metal bellows market in these regions.

In the coming years, the growth prospects of the metal bellows market in Asia Pacific region are expected to improve in the coming years.

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Metal Bellows Market: Competitive Landscape

Some of the leading stakeholders in the global metal bellows market include

Servometer
EnPro Industries Inc.
EagleBurgmann KE
Meggitt PLC
U.S. Bellows Inc.
KSM Corporation
Technoflex Corporation
BOA Holding GmbH
Freudenberg Group
MW Industries
Smith Group
Hyspan Precision Products Inc
Meggitt PLC
Pebiflex
Witzenmann GmbH
Triad Bellows
Duraflex Inc.

In August 2018, MW Industries, Inc. (MWI) – one of the world’s premier manufacturers of products that make machines, engines, and complex sub-assemblies, based in the United States – announced that it has completed the acquisition of Ameriflex, Inc. – a leading manufacturer of superior quality precision metal bellows, flexible metal hose, flanges, and other products for vacuum applications.

After the acquisition of two companies – Servometer and BellowsTech, MW’s acquisition of Ameriflex is expected to help the company expand the portfolio of its metal bello products and technologies. With this acquisition, the company aims to offer the most complete portfolio of these products in the metal bellows market.

In July 2019, Parker-Hannifin Corporation – an American corporation specializing in motion and control technologies – announced that it has agreed to acquire Exotic Metals Forming Company LLC – a company that provides metal bellows, sheet metal designs, flex joints, and aircraft equipment.

The company also stated that the acquisition will be completed at the net transaction of US$ 1.56 billion. With the acquisition, Parker-Hannifin is aiming to reinforce its strategy of moving towards its goal of achieving top-quartile performance – financially – among its diversified industrial peers, by investing in attractive-margin and high-growth businesses.

Regions and Countries Analyzed in the Report

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

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Woodworking Tools Market Potential And Niche Segments, Geographical Regions Exhibiting Promising Growth | FMI

The market for woodworking tools is a thriving one. Woodworking tools and equipment are used to manufacture necessary products with increasing levels of accuracy, quality, and scale, ranging from large machinery to handheld tools.

Rising home building and expanding renovation projects will increase demand for woodworking tools in the future. In addition, the China-U.S. trade war is expected to reduce consumer confidence and slow retail sector growth, both of which will have a direct impact on the demand for woodworking tools. Additionally, it is anticipated that sales of woodworking tools will increase significantly through online channels.

The enormous internet user base and the quick adoption of online shopping by consumers around the world have contributed to the phenomenal growth of online sales.

Nevertheless, DIY or consumers engaged in woodworking owing to the hobby are likely to remain concentrated in a few parts of Europe and North America.Subsequently, the study aims to analyze the most recent trends, dynamics, and potential strategies in the global woodworking tools market.

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Global Woodworking Tools Market: Dynamics

The furniture industry and woodworking tools market is traditionally labour-intensive and features a predominance of small and medium-sized enterprises (SMEs) and a complex fragmented supply chain. Handheld woodworking tools tend to represent a much smaller capital investment by end-users, and as a result, sales channels of handheld woodworking tools are often wholesale or retail.

Nevertheless, many countries are now facing a more challenging global macroeconomic environment, increasing international competition, and rising costs. Increasing home improvement projects in many parts of the world are likely to attribute to the growth of the woodworking tools market. Moreover, building an efficient supply chain and brand management are the key capabilities addressed by the downstream players in the furniture market.

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Global Woodworking Tools Market: Regional Outlook

Nearly a quarter of the world’s furniture is manufactured in Europe, translating to a huge demand for woodworking tools. Germany, Italy, Poland, and France are ranked among the prominent furniture producers worldwide and held a significant share in the woodworking tools market as well. In the last decade, the growth of the furniture market in China has been impressive, turning China into the world leader.

Subsequently, China is set to observe substantial growth in the coming years and reach new heights in the global woodworking tools market. India and Brazil are foreseen to create hefty demand for woodworking tools against the backdrop of robust productive investments by the international furniture players.

Moreover, with the focus on export-driven industrial and furniture production, ASEAN has witnessed an unprecedented period of growth in the woodworking tools market. In addition, foreign investments and expanding urban clusters significantly enhance the woodworking tools market in the target region. Furthermore, the predominant share of the Latin American furniture market is inward-oriented, focusing mainly on domestic consumers. Due to the measures adopted to protect the market the penetration of imported furniture is still very low, reinforcing the domestic woodworking tools market.

Global Woodworking Tools Market: Key Participants

List of some of the prominent market participants/brands in the global woodworking tools market discerned across the value chain include:

Altendorf GmbH
Makita
Milwaukee
Ridgid
DeWalt
Robert Bosch
Kreg Tool Company
Shanghai AMC Int’l Trading Co., Ltd.
FEIN Power Tools Inc.
Hida Tool

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The list of manufacturers and value chain participants in the woodworking tools market will be supplemented during the study.

The research report – woodworking tools presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The study on the Woodworking Tools market also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Woodworking Tools market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC Countries, S. Africa, Northern 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 in the Woodworking Tools market. The report – Woodworking Tools provide an 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 Woodworking Tools market segments and geographies.

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Global Woodworking Tools Market: Segments

The global woodworking tools market can be segmented based on operation, product type, end-user, sales channel, and region.

Based on operation, the global woodworking tools market can be segmented as:

Handheld
Power Tools
Electric
Pneumatic

Based on product type, the global woodworking tools market can be segmented as:

Bandsaw
Chisels
Hammers
Planes
Workbench
Sanders
Routers
Dust Collectors
Nail Guns
Fastening Tools
Bench Vice
Drill Presses
Auxiliary Products

Based on end-user, the global woodworking tools market can be segmented as:

Manufacturing/Industrial
Professional
DIY
Residential

Based on the sales channel, the global woodworking tools market can be segmented as:

Offline
Authorized Distributor/Dealer
Mom and Pop Stores
Supermarkets/Hypermarkets
Online

Report Highlights:

A detailed overview of the parent market
Changing market dynamics in the industry
In-depth segmentation of the market
Historical, current, and projected size of the market, regarding volume and value
Recent industry trends and developments
The competitive landscape in the market
Strategies for key players operating in the market and products offered by them
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on the performance of the market
Must-have information for market players to sustain and enhance their market footprint.

AI Platform Cloud Service Market Business Opportunities and Global Forecast to 2032

In order to focus on the growth and development of the AI Platform Cloud Service Market during the pandemic, the experts at Future Market Insights (FMI) used a multidisciplinary methodology. According to projections, demand for global AI stage cloud administrations would start out at US$ 8.3 billion in 2022 and increase at a CAGR of 20.3% to US$ 30.5 billion between 2022 and 2032. Development is attributed to an increased requirement for more creative corporate responsibilities.

The leading cloud services providers such as Oracle Corporation, Microsoft, IBM, and others are creating a new technological advancement in cloud services they are offering such as AI platform cloud service. The AI platform cloud service vendors are integrating cloud platform and AI as well as machine learning in the cloud services for delivering a today’s modern cloud-based applications to the customers.

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The vendors of AI platform cloud service are more focused on advancements in AI platform cloud service by adding machine learning to it, and such factors are creating potential market opportunities for AI platform cloud service.

Increasing popularity of cloud-based services across different enterprises is ultimately creating a need for innovative cloud services for sustaining in changing scenarios of technological solutions. Due to such advancements, the AI platform cloud service is emerging as a new trend to sustain in changing market.

Global AI Platform Cloud Service Market: Industry Key Players

Examples of some of the key players in the global AI Platform Cloud Service market include Oracle Corporation, Microsoft Corporation, IBM, Google LLC, Infosys Limited, Amazon Web Services, Wipro Limited, Baidu Inc., Cloudera Inc., Informatica LLC, and others. AI platform cloud service vendors are continuously focusing on innovations in their products.

This strategy is followed by key vendors of AI platform cloud service for sustaining themselves in the increasing global competition. In addition to this, AI platform cloud service vendors are focusing on integrating new and advanced technologies to deliver an outstanding service to the customers such as chat-bots, speech recognition, and others.

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Key Segments Profiled in the AI Platform Cloud Service Industry Survey

AI Platform Cloud Service Market by Industry:

AI Platform Cloud Service for Travel and Tourism
AI Platform Cloud Service for IT & Telecommunications
AI Platform Cloud Service for Manufacturing
AI Platform Cloud Service for Retail
AI Platform Cloud Service for Other Industries

AI Platform Cloud Service Market by Enterprise Size:

AI Platform Cloud Service for Small, and Medium Enterprises
AI Platform Cloud Service for Large Enterprises

AI Platform Cloud Service Market by Region:

North America AI Platform Cloud Service Market
Latin America AI Platform Cloud Service Market
Europe AI Platform Cloud Service Market
Asia Pacific AI Platform Cloud Service Market
Middle East & Africa AI Platform Cloud Service Market

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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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Alarm Management System Market to Receive Overwhelming Hike US$ 2 Bn Revenues by 2032: Exclusive Report by FMI

It is anticipated that alarm management system sales would total US$ 2 Bn. Sales in the market are anticipated to grow at a rate of 11–13% CAGR during the projected period due to rising need to handle alarm overload in manufacturing plants.

Nowadays, alarm overload has become a common issue in most manufacturing plants. The reason behind this overload is formerly integrated independent systems for effective operations with fewer operators. Thus, each operator has to deal with more alarms by monitoring a wider area.

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Alarm management systems help customers by rationalizing these alarms in manufacturing plants. Alarm management systems help to overcome the situation of inaccurate alarms, disabled alarms and alarm floods. Hence, alarm management systems help to increase situation awareness, which further positively impacts plant production and safety.

Alarm management systems are generally used for grouping, classifying alerts, prioritizing and enabling event notifications used in SCADA (Supervisory Control And Data Acquisition). Alarm management systems function in a similar manner in other applications as well, such as in medical care and IT.

Alarm management systems reduce fatigue and improve focus and readability for the individuals monitoring SCADA. In complex factory automation and industrial controls systems that use SCADA, alarm management systems reduce the use of alarms for events. These systems also prioritize events and alarms and then route them towards those in need of a response.

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Global Alarm Management System Market: Dynamics

Alarm management systems reduce alarm flooding through near real time alerts, which is one of the major factors driving the growth of the market during. That apart, these systems help to keep processes safe and profitable through a DCS (Distributed Control System) which maintains and creates a master alarm database. Thus, this factor will also propel the growth of the alarm management system market over the projected period.

Furthermore, these systems improve decision support, operator effectiveness and situation awareness. This is another factor that will also contribute towards the growth of the alarm management system market during the forecast period. Increasing need to conform with current industry standards and best practices, such as EEMUA 191, ISA 18.2 and IEC 62682, will also create demand space for alarm management systems during the forecast period.

However, some implementation and technical challenges, such as configuration issues, redefining KPIs (Key Performance Indicators) and alarm philosophy development, are expected to restrain the growth of the alarm management system market during the forecast period. Some other factors, such as implementation of dynamic alarming, need to keep alarm rationalization up to date, etc. are also likely to hinder the growth of the alarm management system market during the forecast period.

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Global Alarm Management System Market: Competition Landscape

Key Vendors

Some of the key vendors in the alarm management system market are PAS Global, LLC, exida.com LLC, Honeywell International Inc., KLAS Research, Yokogawa India Ltd., Vocera Communications, Ascom Holdings, GE Healthcare, Masimo Corporation, Koninklijke Philips and Spok, Inc.

Key Segments Profiled in the Alarm Management System Market

Component:

Services
Software

Industry:

Oil and Gas
Chemical
Automotive
Agriculture
Research and Development

Region:

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

Natural Language Processing NLP Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032

The market for natural language processing (NLP) is expected to reach US$ 45 billion, growing at a CAGR of 23%. (2022-2032). The total market sales for NLP are projected to increase by 3.8x and reach more than US$ 14 Bn.

North America holds the largest market share. The increasing usage of NLP in end-user industries is responsible for the growing demand of the product. The high rate of adoption of advance technologies and developments in infrastructure are the primary reasons responsible for the market growth. Asia-Pacific is expected to grow at a lucrative rate owing to the growing use of AI and ML technologies in the region.

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Key players in the natural language processing (NLP) market are Alphabet Inc., IBM Corporation, Amazon Web Services Inc., 3M Company, Microsoft Corporation, Apple Inc., Dolbey Systems, Inc., Veritone Inc., Facebook Inc., Health Fidelity Inc., SAS Institute Inc., Intel Corporation, Linguamatics Ltd., Bitext Innovations, Conversica Inc., Automated Insights Inc., Narrative Science, Inbenta Technologies Inc., SparkCognition and others. In October 2019, Facebook AI released a dataset which had coding questions along with the code snippet answers, which will be interpreting code search systems.

The deployment mode segment includes on-premise and cloud. Cloud segment holds the largest market share owing to it’s flexible and scalable characteristics for analysis of big data. It also helps the users to analyze the multi-lingual content and web contents.

The vendors prefer cloud-based NLP initiatives for their business. Thus, it is expected to grow at a prospering rate. The component segment includes solutions and services. The solutions further include software tools and platform. The services further include managed services and professional services. Solutions are the major sub-segment. The perceived benefits have increased the usage of NLP solutions around the world.

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The demand for customized solutions has resulted in the market growth of the segment. The type segment includes rule-based NLP, hybrid NLP and statistical NLP. Statistical NLP is the more preferred type. It uses statistical and probabilistic methods for solving various contents. It is more accurate as it is based upon certain numeric analysis.

The technology segment includes optical character recognition (OCR), interactive voice response (IVR), text analytics, speech analytics, auto coding, classification and characterization and pattern & image recognition. Among these, text analytics is the dominant technology. It is gaining importance in a variety of fields like retail, marketing, finance, etc.

This technology helps to break down heaps of texts and filter out some useful extracts. The organization size segment includes small & medium organizations and large organizations. NLPs are more useful in large organizations. Thus, large organizations constitute major shares of the growth. These organizations have huge data which is needed to be processed. The large capacity demands for extensive applications like NLPs.

The application segment includes machine translation, information extraction, question answering, text classification, report generation, sentiment analysis, language identification, spam recognition and others. Machine translation is the dominant application.

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Key Segments Profiled in the Natural Language Processing NLP Market Survey

Technology:

Auto coding
Text Analytics
Optical Character Recognition (OCR)
Interactive Voice Response
Pattern & Image Recognition
Speech Analytics

Type:

Rule Bases Natural Language Processing
Statistical Natural Language Processing
Hybrid Natural Language Processing

Service:

Integration Services
Consulting Services
Maintenance Services

Deployment Model:

On-Premise
On-Demand

Application:

Sentiment Analysis
Data Extraction
Risk and Threat Detection
Automatic Summarization
Content Management
Language Scoring
Others (Portfolio Monitoring, HR and Recruiting, and Branding and Advertising)

Vertical:

Healthcare Sector
Public Sector
Retail Sector
Media & Entertainment
Manufacturing
Other Sector

Region:

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

Hyperlocal Grocery Delivery Market New Technological Development Projecting Massive Growth till 2032

As per the market analysis at FMI, the hyperlocal grocery Delivery market is valued at US$ 38.5 Billion in 2022 and is likely to reach US$ 81.5 billion by 2032, flourishing at a promising CAGR of 7.8%.

Being prevalent in consumer and local retail stores, hyperlocal grocery delivery platforms have gained popularity within the millennial generation while wooing the elder people by delivering groceries at their doorsteps.

Hyperlocal markets cover a certain distance, providing goods and services while hyperlocal grocery delivery platforms deliver groceries in nearby localities. The great speed, online payment integration, discounts and availability of major products are attributed to the adoption of hyperlocal grocery delivery platforms.

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The popularity of hyperlocal grocery delivery platforms amongst the elderly class is prevalent as it’s hard for them to go out and buy groceries and transport it all to their residence. Hyperlocal grocery delivery platforms help in delivering the market growth, especially after the advent of covid-19

The growing delivery services along with discounts and free home delivery services are pushing the end users to adopt or switch to hyperlocal grocery delivery platforms, rapidly digitizing the goods and services space.

The hyperlocal grocery delivery platforms have also given a second life to the local vendors and supermarkets, especially during the peak of the pandemic.

Key Takeaways:

The hyperlocal grocery delivery market is divided into Food Type, Business Model, Delivery Type, Payment Method, Preferred Location, Order type and Purchaser type.
The hyperlocal grocery delivery market outlook defines its delivery type categories into Click-and-collect and Home Delivery. The leading segment in the delivery type category is home delivery segment.
Global trends in the hyperlocal grocery delivery market are the faster in-time delivery, navigation systems and online payment options set up the latest trends for the hyperlocal grocery delivery market.
The key behind the good strategy of vendors is to provide the user with better use experience. This pushes the sales of hyperlocal grocery delivery system. New advanced smartphone apps are also helping the hyperlocal grocery delivery market gain traction.

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Competitive Landscape:

Some of the hyperlocal grocery delivery market key players listed in the study are Gofers India Private Limited, Asfortask Inc, Just Eat Takeaway, Uber Technologies and Instacart.

Recent Developments

Gofers India Private Limited has improved its payment options along with utmost trust prospects and safety options. These fuels the sales of other grocery delivery platforms.
Asfortask Inc has introduced the use of trust and safety and an option of flexible rescheduling that allows the end user to cancel their order 24 hours before the task due date, pushing the sales of hyperlocal grocery delivery platforms.

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Key Segments:

By Food Type:

Fresh Food
- Delicatesses & Ready Meal
- Butchery & Poultry
- Bakery & Pastry, Fruits & Vegetable,
- Fishery, Dairy & Eggs
Groceries
- Organic & Free-From
- Beverages, Food Cupboard

By Business Model:

Single Store Model,
Store Pick Model,
Hybrid Model,
Aggregator Model

By Purchaser Type:

One Time Purchase
Subscription

By Delivery Type:

Click-to-click Collect
Home Delivery

By End User:

Individual
Distributor – Large Enterprises and SME

By Region:

United States
United Kingdom
China
Japan
South Korea

Rail Freight Digital Transformation Market is Likely to Register a CAGR of 8.4% During the Forecast Period 2022 – 2032

The Rail freight Digital Transportation refers to the use of rails or trains to transport goods and cargos over long distances across cities and countries. They are typically used for transporting bulk commodities and goods from source to the intended destination hauled by locomotives on the railroads. However, past few years, the rail freight transportation sector is getting highly influenced by the digital transformation services, to improve operational efficiency and optimize the infrastructure costs.

Digital technologies such as cloud computing, Artificial Intelligence (AI), Internet of Things (IoT), 5G, cybersecurity, big data and analytics have transformed the rail freight business positively. The rail freight digital transformation solution and services are creating new opportunities which are more agile to transform the rail freight business, by developing new models and freight management systems to monitor the core operations of the rail freight transportation industry.

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Rail Freight Digital Transformation Market – Novel Developments

Key players in the Rail Freight Digital Transformation market are focusing on product innovation and strategic partnerships with the technology vendors to collaborate for offering digital transformation solution and services for sustained business growth:

In 2019, VTG AG- a leading rail logistics company, launched solutions for rail freight transformation under VTG Connect digitization initiative, for optimizing rail freight logistics operations and predictive maintenance.
In 2018, DXC Technology collaborated with New York Metropolitan Transportation Authority (MTA), to implement enterprise asset management solution for optimizing rail transport maintenance activities to support its digital transformation services.
In 2018, IT service giant TCS partnered with SAP Leonardo to develop an Intelligent Rail Digital Maintenance (iRDM) solution for conducting predictive maintenance to reduce unplanned network outrage and breakdown, thus increasing the efficiency and boost safety.
In 2018, Dutch Railways collaborated with Railnova, a leading provider of predictive maintenance and IoT solutions for railways, to deploy real-time monitoring solution to enable predictive maintenance.

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Rail Freight Digital Transformation Market- Dynamics

Rail Freight Digital Transformation Market- Asia Pacific

Asia Pacific has one of the busiest and largest rail networks in the world and is estimated to emerge as a highly lucrative region for rail freight digital transformation market. As China’s One Belt One Road (OBOR) global development strategy is gaining traction, the rail freight volumes in the Asia Pacific region tends to increase.

According to China Railway, rail freight volume for goods in China for 2018 was 4.0 billion tonnes and is estimated to reach 4.8 billion tonnes by 2020. Moreover, Indian Railway is planning to triple its rail freight volume by 2030. Such massive freight volume statistics shows the growth and opportunities for rail freight transportation industry in Asia Pacific countries.

Digital technologies has emerged as a key driver for rail freight industry in the Asia Pacific region. The use of IoT, 5G, Augmented and Virtual Reality (AR/VR) techniques, and cybersecurity, for rail freight management has streamlined the operations and reduced the costs. The governments in the Asia Pacific region are doing big investments to implement the rail freight digital transformation services, in the coming years.

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Rail Freight Digital Transformation Market – Aging Traditional Rail Freight Transportation Network to Boost Demand for Digital Transformation

Rail freight transportation is traditionally a very old industry. The aging rail infrastructure is failing to fulfil the growing rail freight volume demand year-on-year. With the tremendous increasing in the pace of technology and digital services, the rail freight transportation infrastructure is disrupting at a very high level.

The use of technologies such as 5G and LTE for high speed connectivity, cloud infrastructure for scalability and backend rail freight operations, cybersecurity systems for rail safety etc., is revolutionizing rail freight transportation market. These technological breakthroughs would provide immense growth opportunities in the rail freight digital transformation market in the next 5 years.

Rail Freight Digital Transformation Market – Technology Vendors Focus on Strategic Collaborations with Railways to Commercialize Products for High Profitability

Technology vendors such as SAP, DXC Technologies, Ericsson, VTG and others are doing strategic collaborations with the governments around the world for multi-year contracts to revolutionize the rail freight transportation via digitization. The rail freight digital transformation promotes the adoption of cutting-edge technologies to complement the traditional rail freight supply chain to build a robust digital foundation, to automate operations, maintenance, safety and other core functions with increased efficiency.

Key Players

SAP
DXC Technologies
Ericsson
VTG

KEY SEGMENTS

By Solution:

Rail Freight Operation Information Systems
Rail Predictive Maintenance
Rail Freight Tracking & Monitoring
Rail Cargo & Warehouse Management
Security & Incident Management
Advanced Signaling & Communications
Others

By Services:

Freight & Logistics Consulting
Advanced Technology Implementation & Deployment
Incident Response Services
Managed Services

Premium Chocolate Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2032

The global premium chocolate market is set to witness growth at a CAGR of 8.8% over the forecast period (2022-2032) and top a valuation of USD 67.8 Bn by 2032.

Trends in the premium chocolate market, such as clean labeling, are influenced by organic ingredients, and this has a big impact on the market’s expansion. The demand for premium chocolate is high due to the health benefits it offers.

However, it was reported by BDSI or the Federal Association of the German Confectionery Industry, that several medium-sized companies were downsized, with a large number of premium chocolate manufacturers stating that the financial performance for this year was lesser than the previous year.

The rising demand for sugar-free, gluten-free, organic, and vegan chocolates is being influenced by recent premium chocolate market trends. Due to growing awareness of the detrimental effects of synthetic products on human health and the environment, the majority of health-conscious consumers have shifted to organic products.

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Additionally, there has been a noticeable increase in demand for limited-edition chocolates, which is significantly driving the expansion of the premium chocolate market. Several luxury and premium chocolate tastes are introduced by major market players on certain occasions, such as Easter.

Furthermore, it is anticipated that during the projection period, package styles and chocolate shape will be the major variables that have a favorable impact on the sales of premium chocolate.

Key Takeaways from Market Study

Europe is expected to dominate the global market by accounting for the maximum share value of about 24.1 billion by 2032, followed by North America.
Spain is to account for the maximum share of nearly 22.8% of the European premium chocolate market.
The US premium chocolate market is expanding at an impressive rate, with an expected CAGR of 9.1 % during the projected period.
Rising demand for premium chocolate owing to the trending gifting culture in different regions across the globe is predicted to boost the market growth during the assessment period (2022-2032).
By product type, dark chocolate is expected to dominate the premium chocolate market with a CAGR of 7.1 % through 2032.
Indirect channel is expected to show an impressive growth as compared to the direct channel over the assessment period (2022-2032).

“Growing awareness among individuals related to benefits which can be expressed in their health after consuming premium quality chocolates is re-designing the market and is prophesied to increase the demand for premium chocolate in the coming decade”, says a Future Market Insights analyst.

Competitive Landscape

Top key players in the premium chocolate market are Nestle S.A., The Hershey Company, Yildiz Holding, Mars Incorporate, Lake Champlain Chocolates and others.

Key premium chocolate market participants are following different marketing and promotional strategies, such as new product launches, geographical expansion, mergers and acquisitions, partnerships and collaboration

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Recent Developments:

KitKat Chocolatory Sublime Volcanic, created from volcanic chocolate containing rare cocoa beans, was introduced by Nestle Japan in January 2019. These new goods’ cocoa beans, which make up roughly 0.2 percent of global production, are grown on volcanic islands.
The salted caramel truffle was introduced by Lindt & Sprüngli in May 2020 in Europe and other regions of the world. The salted caramel chocolate truffle has a silky caramel-flavored filling inside of a smooth milk chocolate shell. The cost of the product is GBP 5 for a package weighing 200 g.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global premium chocolate market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Global Premium Chocolate Market by Category

By Product Type:

Dark Chocolate
White and Milk Chocolate
Sugar Free
Nutty
Crunchy

By Packaging Type:

Standard Packaging
Gift Packaging

By Distribution Channel:

Direct
Indirect

By Region:

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

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Frequently Asked Questions

What is the Growth Rate of the Premium Chocolate Market?
What is the Future Outlook of the Premium Chocolate Market?
What is the Present Market Size for Premium Chocolate?
How Much Share do the Top 10 Companies hold in the Premium Chocolate Market?
Which Are The Major Countries Driving Demand For Premium Chocolate?

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Food and Beverages Additives Market 2022 Strategic Analysis, Growth Drivers, Industry Trends, Demand And Future Opportunities Till 2032

At a phenomenal CAGR of 5.8%, the food and beverages additives market is expected to strike US$ 52.2 billion by 2020. The food and beverages additives market is being driven by the global growth of the food and beverage sector. Sales of food and beverages additives are increasing over the world owing to shifting population eating trends packaged food and beverage consumption.

Food and beverages additives market is segmented on the basis of product type which includes sweeteners, flavors and flavor enhancers, preservatives, enzymes, fat replacers, colorants, emulsifiers and others (texturizer and shelf life stabilizers). Among all these segments flavors and flavor enhancers segment is expected to occupy the largest position on the pie. Increasing demand for processed food with better taste and flavor is attributed to this growth.

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Moreover, sweeteners is another segment which is predicted to show a substantial growth as it is seen as sugar alternative. Thus rise in demand for low calorie product due to increased diabetic problem across the globe is expected to support the demand of sweetener during the forecast period. Fat replacers segment is also expected to be the major contributor in terms of revenue. Rising demand for low fat products due to increased rate of obesity level and heart diseases is expected to attribute this growth. Food emulsifiers segment is expected to show a healthy growth in the near future followed by food enzymes.

On the basis of application the food and beverages additives market segmentation includes food products and beverages products. Food products segment is further sub segmented as processed and frozen food, bakery and confectionery products, snack food products, dairy products, meat and poultry products and others (baby food products). Among all these segments processed and frozen food products is expected to account for major market share. Increasing disposable income especially in developing regions has led the consumers inclination towards packaged or convenience food products which is simultaneously expected to support the growth of the market.

Beverages is further sub segmented as soft drinks and fruit juices, energy/sport drinks, alcoholic beverages and bottled water. Among all these sub segments soft drinks and fruit juices is expected to account for the major market share followed by energy/sport drinks. Increasing awareness among the people for healthy diet has raised the demand for packaged soft drinks and fruit juices which is further expected to contribute to the market. Also, the demand of energy/sport drinks is rising which is expected to support a substantial growth to the food and beverages additives market.

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Food and Beverages Additives Market Drivers 

Rising demand for convenience and packaged foods coupled with increasing health consciousness among the people in developed economies is expected to support the growth of food and beverages additives market during the forecast period. In emerging economies, rising disposable income and shifting of consumer preference towards enhanced food products with flavors and taste is expected to fuel the growth of food and beverages additives market during the forecast period.

Food and Beverages Additives Market: Key Players

Some of the major players operating in food and beverages additives market includes Symrise AG, Sensient Technologies Corporation, Royal DSM NV, Tate & Lyle plc, Kerry Group plc, Givaudan SA and Firmenich SA among others.

Regional analysis for Food and Beverages Additives Market includes

North America
US & Canada

Latin America
Brazil, Mexico, Others
Western Europe
EU5
Nordics

Benelux
Eastern Europe
Asia Pacific
Australia and New Zealand (ANZ)
Greater China

India
ASEAN
Rest of Asia Pacific
Japan
Middle East and Africa

GCC Countries
Other Middle East
North Africa
South Africa
Other 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.

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Multi Nutritional Supplement Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2032

Multi Nutritional Supplement Market forecasted to register 6.8% CAGR during the forecast period (2022-2032) and projected to reach US$ 1.9 Billion by 2032

With the increasing growth of the health & wellness trend and consumers’ awareness about the necessity of adding diverse nutrients in diets, the demand for multi-nutritional supplements as well as dietary supplements has increased significantly in the past few years. Over-the-counter dietary supplements and multi-nutritional supplements are becoming a big business with a mounting number of consumers relying on these nutraceuticals for satisfying their daily dietary needs.

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Consumers are becoming aware about the importance of antioxidants, vitamins, and other nutrients, and it is directly influencing the sales of multi-nutritional supplements. In addition, with the increasing global prevalence of lifestyle diseases such as obesity, cardiovascular diseases, and diabetes, consumers are likely to depend on external nutritional supply to meet their dietary needs. Increasing dependency of consumers on multi-nutritional supplements for weight loss and obesity management will further bolster their demand in the coming years.

Consumers are preferring to consume multi-nutritional supplements instead of resorting to two or more than two dietary supplements to get the essential nutrients. This is expected to support the growth of the multi-nutritional supplements market in the coming years. Leading players in the multi-nutritional supplements are introducing products with health benefiting ingredients such as vitamin D ingredients, vitamin C ingredients, and natural antioxidants.

Multi-nutritional Supplements Market – Competitive Landscape

Key stakeholders in the multi-nutritional supplements market Amway, Nature’s Bounty, Inc., Rexall Sundown, Inc., Puritan’s Pride, Inc., Osteo Bi-Flex, among the many others. Some of the notable developments in the competitive landscape of the multi-nutritional supplements market include:

Ever-growing Demand for Nutrition Supplements among Elderly Consumers

The consumption of multi-nutritional supplements is expected to remain significantly high across the geriatric population. A 2017 survey including 3,500 American adults aged 60 and older was published in The Journal of Nutrition, and it found that almost three-fourth of the participants consumed a daily multi-nutritional supplement (either individual vitamin or mineral or a multivitamin supplement), more than half of the participants said that they take one or two supplements, and more than one-fourth of the participants take four or more supplements.

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The Rise of Multi-nutritional Supplement Subscription Services Bring in New Trends

While the multi-nutritional supplements market is witnessing incremental growth worldwide, consumers’ need to maintain adherence to their nutritional program is triggering the rise of new market trends. A mounting number of leading players, as well as new entrants in the multi-nutritional supplements market, are introducing supplement subscription services integrated with advanced technologies to offer consumers more convenience at maintaining their daily nutritional intake.

Introducing subscription services that can offer more personalised recommendations about sustainable and high-quality multi-nutritional supplements is expected to emerge as a winning strategy for stakeholders in the coming future.

The research report presents a comprehensive assessment of the multi-nutritional supplements market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The multi-nutritional supplements market is broadly segmented according to the ingredient type, application, and region.

Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

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Frequently Asked Questions

What is the Growth Outlook of the Multi Nutritional Supplement Market?

The multi nutritional supplement market is projected to register a CAGR of 5.9% during the forecast period.

Which Key Players is expected to hold a Major Multi Nutritional Supplement Market Share?

Amway is projected to hold a significant multi nutritional supplement market share during the forecast period.

What was the Historical Size of the Multi Nutritional Supplement Market?

Multi nutritional supplement market size was worth US$ 310 Bn in 2020.

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About FMI

Contact:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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