Market Research Blog

The Infant care and baby care equipment refers to the devices that used to care for sick babies with various healthcare problems.

Infant care and baby care equipment includes incubators, fetal dopplers, infant warmers, phototherapy equipment, respiratory assistance, monitoring devices, pulse oximeter, infant resuscitation trolley etc. The incubator designed to provide safe and most stable environment to the critical neonate. Doppler fetal monitor is an ultrasound transducer device that used to detect the fetal heartbeat. Infant warmers used to provide constant body temperature to the infants. The pulse oximeter used to determine whether the baby has enough oxygen in her blood.

Globally, technological advancement in infant care and baby care equipment is increasing. In addition, the awareness about infant care and baby care equipment available in the market is growing, which results the infant care and baby care market is also increasing.

Infant Care and Baby Care Market: Drivers and Restraints

Technological advancement in infant care and baby care equipment, increasing healthcare expenditure, rising disposable income, changing lifestyle and increasing awareness about infant and baby care equipment available in the market are some of the factors that drive the growth of the infant care and baby care market.

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However, high competition among existing players act as an inhibitor for this market. In addition, the U.S. government initiatives to decrease the preterm birth incidence rate are expected to significantly reduce the number of preterm births in the country, which inhibits the growth of the infant care and baby care equipment market.

Infant Care and Baby Care Equipment Market: Overview

With the increasing incidence of premature births and technological advancement in infant care and baby care equipment, the global infant care and baby care market is expected to have a healthy growth rate in the forecast period (2015-2025).

Infant Care and Baby Care Equipment Market: Region- wise Outlook

The global infant care and baby care market is expected to register a healthy CAGR for the forecast period. Depending on geographic regions, global infant care and baby care market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.

North America followed by Europedominates the global infant care and baby care market due to technological advancement in infant care and baby care equipment, developed healthcare infrastructure and affordability for various infant and baby care equipment. Asia-Pacific is the fastest emerging market for global infant care and baby care due to increasing disposable income, increasing technological advancement, high incidence rate of premature births, growing awareness level about infant care and baby care equipment available in the market. Also, high birth rate in this region plays a significant role in the global market.

Infant Care and Baby Care Market: Key Players

Some of the key market players in global infant care and baby care market are Abbott Nutrition, GE Healthcare, Narang Medical Limited, Phillips Healthcare, Drägerwerk AG & Co. KGaA, Phoenix Medical Systems (P) Ltd and Novamed USA.

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The research report presents a comprehensive assessment of the 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 research report provides analysis and information according to categories such as market segments, geographies and equipment type.

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, Nordic countries, Belgium, Netherlands)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. 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.

Infant Care and Baby Care Equipment Market: Segmentation

Global Infant care and Baby Care market is further segmented into following types:

• Equipment Type
• Incubator
• Warmer
• Phototherapy
• Monitoring devices
• Others

Report Highlights:

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

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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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The global industrial nailers market is valued at around US$ 629.6 Mn in 2022, having registered Y-o-Y growth of 7.5%. The market is expected to grow at a 7.9% CAGR and reach a value of US$ 1.15 billion by the end of 2030.

The automotive and construction industries, both of which rely heavily on industrial nailers, bear the brunt of the shortage. To combat the virus’s spread, major construction and automobile manufacturers have been forced to halt all on-site projects, resulting in lower output.

This is primarily due to its characteristics. It saves time and is useful and well-liked by industry experts, for example. Because of their ability to install other versatile instruments such as hammers of various types, the market for nailers in the industrial sector is expected to grow during the monsoon season.

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Key Takeaways from FMI’s Industrial Nailers Report

• US and East Asian countries will remain epicenter of growth, accounting for over 50% of the revenue share by 2030
• Cordless industrial nailers will outsell pneumatic variants
• Framing & sheathing nailers to capture nearly a quarter of the revenue share
• Automatic nailers are projected to surge in popularity, gaining 170 BPS from 2020-2030
• Furniture segment to generate an incremental $ opportunity worth US$ 153 Mn

“Concerns regarding injuries while using industrial nailers are prompting vendors to introduce enhanced safety features within their products, thus reducing accidents,” concludes the FMI analyst.

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COVID-19 Impact Analysis

The COVID-19 pandemic is slated to have a debilitating impact on world economic growth projections for FY 2020-2021 or possibly even longer. As economic activities of all countries have almost come to a standstill, major supply chain disruptions are on the cards.

Falling production levels across the aforementioned industries have also reduced demand for pneumatic, cordless and gas powered industrial nailers. This is expected to impede revenue prospects of the market in the short-term forecast period.

While the conservative estimates pegs recovery between the next 8 to 14 quarters, the optimistic scenario projects growth to rebound within the next 5 to 8 quarters. Slowdown shall be moderate as consumers are relying on their own carpentry skills to repair their furniture, keeping demand sustained to a significant extent.

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Competitive Landscape

The global industrial nailers market is highly consolidated, with top-notch players relying on product launchers, divestures and acquisition of rival players to stay afloat. These include Stanley Black & Decker, Illinois Tool Work Inc., MAX Co. Ltd., Koki Holdings America Ltd., and Robert Bosch Power Tools GmbH.

In 2018, MAX USA CORP. released the New PowerLite High Pressure Coil Framing Nailer. This nailer has power to drive nails through engineered lumbers such as laminated strand lumber (LSL) and laminated veneer lumber (LVL) respectively.

In 2019, Stanley Black & Decker divested its Sargent and Greenleaf mechanical locks business within the security segment. In 2020, Everwin Pneumatic Corp launched a new product for industrial coil nailers known as PN59 for the automotive segment.

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Industrial Nailers Industry Survey

Industrial Nailers Market by Category:

• Pneumatic Industrial Nailers
• Cordless Industrial Nailers
• Gas-powered Industrial Nailers

Industrial Nailers Market by Product:

• Brad & Pins
• Coils
• Roofing
• Framing & Sheathing
• Flooring
• Sliding & Fencing
• Others

Industrial Nailers Market by Operation:

• Handheld Industrial Nailers
• Automatic Industrial Nailers

Industrial Nailers Market by Nail Length:

• Less than 20 mm
• 20 to 40 mm
• 40 to 60 mm
• 60 to 80 mm
• Above 80 mm

Industrial Nailers Market by Application:

• Furniture
• Millwork
• Pallets & Crating
• Leather Goods Manufacturing
• Steel Skids
• Construction & Framing
• Automotive Interiors
• Others

Industrial Nailers Market by Region:

• North America Industrial Nailers Market
• Latin America Industrial Nailers Market
• Europe Industrial Nailers Market
• East Asia Industrial Nailers Market
• South Asia & Pacific Industrial Nailers Market
• Middle East & Africa (MEA) Industrial Nailers Market

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

Read Full TOC…

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The global non-destructive testing (NDT) Inspection services market is experiencing a spike in revenues as various end users are investing making their methods safe for workers and consumers.

Due to the fact that they are primarily used to identify flaws, defects, and cracks, NDT inspection services are essential in industries that employ automation machinery. In order to keep the processes running, continuous checks make sure that safety is evaluated.

Growing investments in railroads, the aerospace industry, the art market, and the healthcare sector are expected to drive market growth in the coming years. Ultrasonic testing is expected to be in high demand in the market because it is simple to use, portable, and provides precise results in a short period of time.

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The market is also expected to be driven by the aging infrastructure that requires constant upgradation to ensure safety. Detection of instabilities and component failures help in implementing preemptive measures, reducing downtime and cost due to delays.

Advancements in radiographic testing equipment with industrial CT scanners has also emerged as strengthening trend in the global market. Future Market Insights predicts that the global NDT Inspection Services market will reach a valuation of over US$ 28 Bn by the end 2030.

Key Takeaways from Global NDT Services Market Study

• Asia Pacific to emerge as the leading regional segment as power plants and manufacturing activities are slated to surge in forecast period
• Ultrasound to occupy sizeable chunk in the market as it remains widely used equipment for assessing dysfunctionalities
• Oil and gas sector to employ NDT inspection services at a growing rate to avoid spillage, leaks, and other accidents
• Government initiatives such as “Make in India”, “Industry 4.0”, and “National Infrastructural Plan” to boost market growth in coming years

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Manufacturing Sector to Lead the Way for Global NDT Inspection Services

The manufacturing sector is expected to grow at an unprecedented pace across regions being a major contributor to global economy. This sector is expected to register a CAGR of more than 6% between 2020 and 2030. As more and more number of manufacturers are trying to automate tasks, they are likely to require testing methods to identify faults in machinery and equipment. Thus, between 2020 and 2030, the NDT inspection services are likely to see extensive application in the manufacturing sector.

The rise of automotive, aerospace, defense, electrical and electronics manufacturing, especially in India and China are expected to boost the uptake of NDT inspection services. Furthermore, stringent laws pertaining to the worker safety across developed nations is also anticipated to lead to a revenue generation for NDT inspection services in the near future.

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COVID-19 Impact on NDT Services Market

The manufacturing sector has been terribly hit by the COVID-19 pandemic. Brining the economies to halt and disrupting the supply chains, the pandemic has also prevented manufacturing activities. Stringent norms of social distancing to prevent infections have resulted in reduced manufacturing activities.

Labor migration back to villages, especially in a country like India, has affected the manufacturing activity beyond measure. Furthermore, plummeting consumption as consumers get cost conscious spending and chances of infection via deliveries, it has addled the manufacturing issues. In the light of this, the NDT inspection services market is expected to suffer as third-party vendors stand to lose their contract renewals.

More Valuable Insights on Global NDT Services Market

FMI’s research on the global NDT inspection services market is segmented into four major segments. To begin the market for global NDT inspection services is segmented into offering type, which includes NDT Inspection Services and equipment. On the basis of test method, the market is segmented into visual testing, magnetic particle testing, liquid penetrant testing, Eddy current testing, ultrasonic testing, and radiographic testing. On the basis of industrial vertical, the market is segmented into oil and gas, manufacturing, aerospace and defense, construction, automotive, power generation, and others. Regionally, the market is divided into North America, Latin America, Europe, East Asia, South Asia and Pacific, and the Middle East and Africa.

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Growing focus of major manufacturers on acquisition strategies to remain at the forefront of the industry is expected to drive the market in Spain. The Europe crane market is estimated to account for around 17.1% of the total market share in 2022.

With the addition of new digital solutions and mechanical services, it anticipates establishing a closer relationship with its customers in order to increase sales. Sales of crane machines in Spain are anticipated to increase due to the participation of important players in related other strategies.

Strong customer relationships with dealers/distributors and other distribution channel stakeholders, reinforced by local market presence, have been at the forefront of the various policies and plans adopted by prominent players in the global crane market.

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In the current market scenario, rising number of construction projects in South East Asian and Latin American countries, and tie-ups with prominent sales channel partners and manufacturing entities for long-term supply, will drive the global crane market. Further, integration of smart solutions and automation in cranes are expected to enhance sales during the forecast period.

Insights Gathered from Crane Market Study

• The integration of cranes with IoT is expected to allow key players to increase sales during the forecast period, especially through contracts from leading companies dealing in real estate buildings and commercial apartments.
• Rising number of remote operations have boosted demand, and more customers are demanding high load capacity cranes.
• Loader cranes find application in refineries and offshore oil droll platforms, and increase in the production capacity of crude oil across the globe (to cater to energy needs) will have a positive impact on the loader crane segment.
• Lack of technological adoption in conventional cranes will act as a restraint, and manufacturers will have to adopt advanced automation solutions to sustain and enhance their market share.
• China is estimated to hold a significant share in the global crane market, and is expected to drive market growth in the region, while growing at a CAGR of above 5% in terms of value from 2022 to 2029.

“Increasing demand for high capacity cranes and need for portability are propelling the sales of handheld cranes, mainly manufactured by leading players. Further, providing customer-specific products at attractive costs based upon individuals’ economic tier and spending capability is expected to drive the growth of the crane market in the coming years.”

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Crane Market: Participant Insights

The crane market is largely fragmented, owing to a large number of established and large players. The report also provides details of some of the key players in the global crane market, such as Liebherr Group, XCMG Construction Machinery Co. Ltd, The Manitowoc Company, Texrex Corporation, Cargotec Oyj, Tadano Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd. Kobelco Ltd, and Kato, among others. Increasing investments in public and private sector construction projects are primarily responsible for driving the growth of the market.

Competitiveness in this landscape is growing stronger, and the adoption of new crane technology is superseding the cranes of yesteryears. With numerous updations, customizations, and innovations, end users can increase uptime, save on maintenance and energy costs, scale products with the business, and extend the life of their investments, all of which will play a significant role in the global crane market.

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