Market Research Blog – Page 10342 – New Product Development

Pet Carriers Market is Projected to Have a Slow-Paced CAGR of 4% During The Forecast

The pet carriers market size to reach US$ 830.0 Mn in 2022. Sales of pet carriers are slated to increase at a 4% CAGR over the forecast period, pushing the market size to US$ 1.2 Bn by 2032.

Pet Carriers are portable crates or box which is used to transport pet animals like cats, dogs, guinea pigs, and many more. The pet market is estimated to reach $ 99 Billion in the US.

Pet carriers are witnessing surge in its demand on the back of increasing demand for pet’s security and sturdiness awareness for larger pets. This makes travel with pets stress-free as it has a safety net, which was not there earlier in the cages.

Pet carriers are of different types, such as Sherpa carrier, Purse carrier, Soft-sided pet carrier. Pet carriers are now being designed to make it less like a cage, and to give a window for communication and to interact with the outside world during traveling.

The different pets will have a different type of carrier, based upon their sizes and requirement.

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Manufacturers are introducing many innovations such as carriers with rollers for easy transportation. Designer pet carriers are being manufactured with climate-controlled interiors, cross-ventilation for better traveling experience of pets. Pet owners are buying such carriers and are anticipated to witness massive demand in coming years.

How Millennial and Baby Boomer are reacting to Pet Carrier

Earlier, baby boomers (people born post World War II) were considered as the largest portion of the pet owner. Now, this badge is held by Millennials. This portion of the pet owners are tending to travel more, and hence holds the majority of the market portion for the Pet Carriers.

This population in the coming years will also be able to purchase premium pet carriers with their increasing purchasing power. Hence this market will be bolstered in the coming period.

Apart from the former point, the availability of fashionable, accessorized pet carriers will be the key driver of the industry. The share of revenue is also increasing because of the current trend of “pet parenting”. The pet industry is benefitted by this trend giving 40% of total industry revenue in 2019.

Key Players of Pet Carriers

Some players are contributing to the value chain of Pet Carrier in the global market. These key players are

OxGord
Paw & Pals
Sherpa
Mr. Peanuts
Pet Magasin
MidWest Homes for Pets
SLEEKO
Ferplast
EliteField.
Pets Travel
Pettom
Worldwise
Pet Gear
Coastal Pet
Sturdi Products
Less Trading Corp
Petsfit Ibiyaya
Gen 7
PET LIFE

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What manufacturer can expect in the coming period for Pet Carriers

The pet carriers industry across the Asia Pacific and Latin America are expected to witness a higher single digit CAGR over the coming years.

The pet carriers market is in the phase of quality growth, where the manufacturers are focusing on the quality of the products, keeping the quality above the quantity. The market is yet to achieve the maturity level.

Online and retail, both the market segments of the pet carriers market are witnessing growth at an almost equal rate.

This is so as the pet owners consider their pets as family and hence do not want to compromise with the quality and the busy pet owners are also choosing the e-channel for faster and time-efficient delivery. 32% of the pet owners prefer Pet specialty shops, whereas 13% prefer Ecommerce.

As purchasing power is increasing along with increasing pet adoption, people tend to spend more on pet care. As the incomes of household increases, pet owners can purchase premium and customized pet carriers for the sense of luxury, thus encouraging more and more manufacturers for innovation.

Manufacturers are also now aiming to get approval from different airlines for easy travel of pets. They are customizing pet carriers according to the regulations and dimensions provided by the airlines. This pre-approval from the airline will save the further processes of the pet owners and hence will attract more demand and opportunities for the manufacturer.

The Report Covers Exhaustive Analysis on

Pet Carriers market segment
Pet Carriers market dynamics
Pet Carriers market size
Pet Carriers supply and demand
Current trends/issues/challenges pertaining to Pet Carriers market
Competition landscape and emerging market participants in Pet Carriers market
Technology related to production/processing of Pet Carriers
Value chain analysis of the Pet Carriers market

Regional Analysis Includes

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Europe (Germany, U.K., France, Italy, Spain, BENELUX, Poland, Russia, Nordic, 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, South Africa, Rest of MEA)

The Pet Carriers market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).

The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Pet Carriers market report projects the attractiveness of each major segment over the forecast period.

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Pet Carrier: Market Segmentation

By Product Type :

Softside Bag
Hard Kennel
Backpack
Sling Carrier

By Based on Application:

Dog
Cat
Others

By Based on Distribution Channel:

Online Stores
Grocery Shops
Clubs
Others

By Based on Geography :

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

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Pet Furniture Market is Expected to Grow at A CAGR of Around 5.8% From 2022-2032

The global pet furniture market size is estimated to be valued at US$ 1.8 Bn in 2022 and is projected to reach US$ 3.1 Bn by 2032. The market is anticipated to exhibit growth at a CAGR of 5.8% from 2022 to 2032. Share of pet furniture market in the pet care market is approximately ~0.5% at present.

Rising pet adoption around the world has resulted in high demand for pet furniture. Increasing tendency of pet-parents to spend on premium and multi-functional products is expected to augment the growth in the market.

Increasing investments in research and development has led to the introduction of sustainable pet furniture products. Pet care products that provide health and comfort benefits, as well as entertainment for pets are gaining traction in the market.

In addition to this, players are launching new products at online retail channels to improve their regional presence. Consumers are preferring online retail channels across emerging economies due to lack of pet specialty stores. Increasing sales through digital platforms will propel growth in the market over the forecast period.

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“Rising adoption of pet furniture across animal rescue organization, along with growing influence of pet humanization culture through social medial platforms will boost sales of pet furniture worldwide,” says an FMI analyst.

Key Takeaways:

North America is expected to lead the global pet furniture market, holding 40-45% of the total market share.
Trees and condos for cats will account for 30-30% of the total sales of pet furniture.
Based on pet type, the cats segment will emerge as a lucrative segment.
Demand for cotton-based pet furniture will remain high.
Sales of pet furniture through pet specialty stores will continue gaining traction.
Asia’s pet furniture market is forecasted to grow by a significant amount due to the increasing pet-adoption in major countries like India, China, and South Korea.

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Competition Landscape

Key players in the global pet furniture market are FurHaven Pet Products, Aosom LLC, Go Pet Club LLC, PetPals Group Inc., Inter IKEA Holding B.V., MidWest Homes for Pets, North American Pet Products, Ware Pet Products, Shanghai Senful Pet Products Co. Ltd, Tuft and Paw Co., Fable Pets, Wild One Co., LayLo Pets Co., PetGear Inc., Nest Bedding Inc., Prevue Pet Products, and Pet So Good among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global pet furniture market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the pet furniture market based on by product type (houses, sofa & beds, trees & condos, and others), by pet type (dogs, cats, and others), by material type (cotton, plush, fabric, wood, and others), by sales channel (wholesalers/retailers, hypermarket/supermarket, direct sales, pet specialty stores, online stores, and other sales channel) across seven major regions.

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Market by Category

By Product Type:

Houses
Sofa and Bed
Condos and Trees
Others

By Pet Type:

Dogs
Cats
Others

By Material Type:

Cotton
Plush
Fabric
Wood
Others

By Sales Channel:

Wholesalers/Retailers
Hypermarket/Supermarket
Direct Sales
Pet Specialty Stores
Online stores
Other Sales Channel

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Toilet Care Wipes Market is Estimated to Grow at A CAGR of 6.6% From 2022-2032

The global toilet care wipes market size garnered US$ 18.3 Billion in 2021 and is likely to exhibit a Y-o-Y increase of 6.6% to be valued at US$ 19.5 Billion in 2022.

Future Market Insights (FMI) recently published a business intelligence report on the global Toilet Care Wipes Market. The study offers an all-inclusive compilation of the historical, current and future prospects of the Toilet Care Wipes Market. The global industry analysis and opportunity assessment report by FMI reveals that the Toilet Care Wipes Market is expected to register healthy growth over the forecast period.

The report offers in-depth analysis on significant trends and growth drivers which are having an impact on the Toilet Care Wipes Market growth. New opportunities and challenges are also thoroughly analyzed to enable market players to make effective future business decisions.

Significant changes in consumer behavior, robust product innovations, and a wealth of distribution networks continue to influence growth of the Toilet Care Wipes Market. FMI’s analysts rely on modern-day research methods for the compilation of the Toilet Care Wipes Market report and gather data from a wide range of primary and secondary sources.

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Impact of COVID-19 on Toilet Care Wipes Market

The COVID-19 outbreak has been posing staggering health and humanitarian challenges. As with many industries, retail and consumer products industry has been particularly affected, with companies struggling with demand that is either evaporating or increasing over the available supply.

Additionally, factory closures, movement restrictions, and supply chain disruptions induced by the current crisis are resulting in product shortages in the Toilet Care Wipes Market in 2020.

The FMI’s recently published report include an important chapter on the COVID-19 impact analysis to aid Toilet Care Wipes Market stakeholders in deploying innovative strategies to overcome the challenges that lie ahead of the crisis. The report further helps companies get access to necessary information surrounding the COVID-19 and its impact on the Toilet Care Wipes Market.

Key Questions Addressed in the Toilet Care Wipes Market Report

What are headwinds and tailwinds shaping the growth curve of the global Toilet Care Wipes Market?
Which factors will continue to influence growth of the regional Toilet Care Wipes Market?
What are the recent technological developments in the Toilet Care Wipes Market?
What are key challenges and competition threats faced by Toilet Care Wipes Market players?
How will evolving regulatory policies impact the market growth?

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Toilet Care Wipes Market: Competition Assessment

The FMI’s Toilet Care Wipes Market report provides a dashboard view of major players operating in the Toilet Care Wipes Market. Some of the key players are:

Redcliffe Hygiene Private Limited, Pure Touch Skin Care, Bodywise (UK) Limited, Tesco PLC, Walmart Inc., Kimberly-Clark Corporation, Dude Products, Inc., Parent’s Choice Infant Formula, The Procter & Gamble Company and Costco Wholesale Corporation, among others.

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Toilet Care Wipes Market.

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Toilet Care Wipes Market: Key Segmentation

On the basis of nature, the toilet care wipes market has been segmented as:

Organic toilet care wipes
Conventional toilet care wipes

On the basis of type, the toilet care wipes market has been segmented as:

Scented
Unscented

On the basis of end use, the toilet care wipes market has been segmented as:

Commercial
Household

On the basis of sales channel, the toilet care wipes market has been segmented as:

Hypermarkets
Supermarkets
Independent Retailers
Multi Brand Stores
Specialty Retail Stores
Online Sales
Company Website
3rd Party Online Sales

Aluminum Curtain Wall Market is Projected to Have A CAGR of 9.3% Through 2032

The aluminum curtain wall market size is estimated to be valued at US$ 41.65 billion in 2022 and is anticipated to reach US$ 101.36 billion by 2032, at a CAGR of 9.3% during 2022-2032.

As curtain wall systems help to reduce the building’s overall operating costs by controlling temperature, the global aluminum curtain wall market is expected to grow. Today’s construction sector is seeing increased demand for aluminum curtain wall due to its superior impact resistance and sound insulation.

The varied performance attributes of aluminum play a significant role in the latest innovations in the aluminum curtain wall market as well as the long-term sustainability of buildings.

Aluminum curtain walls have a number of advantages, including design flexibility, a long service life, improved strength-to-weight ratio, excellent reflectivity, and fire safety.

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Furthermore, a number of studies have shown that aluminum is good for the environment which is another major factor propelling the demand for aluminum curtain wall during the forecast period.

As it serves as a shield and insulator by keeping air and rain outside the buildings, sales of aluminum curtain wall are expected to increase. By spreading kinetic stress via frames, ACW reduces sway in taller buildings, making the structure more secure.

Due to the rising urbanization, sales of aluminum curtain wall are projected to increase. Commercial and residential properties are constantly adapting new construction styles which are projected to aid in the development of aluminum curtain wall market outlook.

Key Takeaways from Market Study

Unitized aluminum curtain wall systems held over 55% of the market share overall in 2019 based on type, and the segment is anticipated to expand at the fastest rate throughout the forecast period.
In 2019, commercial buildings dominated the market for aluminum curtain walls, and this trend is anticipated to last throughout the forecast period.
Developed regions like Europe and North America are expected to moderately grow between 2022 and 2032. The regions represented more than 40.0 percent of the aluminum curtain wall market share in 2021.
The Asia Pacific region, which accounted for a sizeable portion of the market in 2021, is anticipated to expand at a CAGR of more than 9% during the projected period.

“Aluminum curtain wall demand is projected to grow due to increased infrastructure development, urbanization, and aluminum’s expanding use in the buildings. The aluminum curtain wall market share is projected to increase significantly as a result of the increase in demand for lightweight curtain wall in construction projects and the move toward inexpensive metals with high sustainability.”- Future Market Insights Analyst.

Competitive Landscape

With numerous large- and medium-sized manufacturers, the aluminum curtain wall market is highly fragmented. In order to provide environmentally friendly technology, these businesses are making significant investments in research and development.

Key players profiled in the report are Alumil Aluminium Industry S.A., EFCO Corporation, GUTMANN AG, Hansen Group Ltd., Kawneer Company, Inc.

Partnerships, collaborations, and investments aimed at creating advanced aluminum curtain wall have significantly increased in the aluminum curtain wall market. Due to growing government and business sector demand for aluminum curtain walls in a number of countries, these activities are anticipated to develop throughout the projected period.

In order to strengthen its expansion strategies, increase its geographic presence across the United States, broaden its product offerings, and reinforce its position in the market for mid-size commercial buildings, Apogee Enterprises, Inc. closed the acquisition of EFCO Corporation in 2017. As a result of the transaction, EFCO Corporation was also able to benefit from market, product, and operational opportunities.
In November 2018, Comar Architectural Aluminum System unveiled the 6EFT curtain wall system. The product was developed to offer a high-performance option for building facades, both new and renovated.
In April 2019, Schüco International KG and KUKA AG, pioneers in intelligent automated solutions for the manufacture of facades, windows, and doors in the future, announced a partnership. As part of this deal, two businesses will combine their resources. Schüco will have access to KUKA’s integrators.

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Key Players in the Aluminum Curtain Wall Market

Alumil Aluminium Industry S.A.
EFCO Corporation
GUTMANN AG
Hansen Group Ltd.
Kawneer Company, Inc.

Key Segments

By Type:

Stick-built
Semi-unitized
Unitized

Application:

Commercial
Residential

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

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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. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter’s Analysis

3.6. Regulatory Landscape

3.6.1. By Key Regions

3.6.2. By Key Countries

3.7. Regional Parent Market Outlook

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Fabric Fresheners Are Set to Gain Immense Popularity in The Global Market

The global fabric freshener market size to reach a valuation of US$ 3.4 Bn, exhibiting a CAGR of 6% in the forecast period 2022-2032.

The global textile industry is considered as one of the largest industries in the global market. In 2017, the industry was valued at US$ 3 trillion, which also includes the production, refinement, as well as sale of synthetic and natural fibers that are used in various industries.

The global textile market is segmented into fiber, yarn, fabric, and garments. China accounts for a significant production share in the textile products market. The fabric industry has large-scale application in both, the household and industrial sectors.

With continuous improvements being implemented in fabric products, the target segment/target customers look for ways or any kind of product that could help maintain the quality of the fabric for a longer time. As a result, fabric-related products such as fabric fresheners have been gaining traction in the global market. Fabric fresheners are used on carpets, upholstery, rugs, or any kind of clothing in order to avoid or eliminate odours quickly.

Fabric-oriented products such as rugs, carpets, and curtain kinds of woolen cloths are found in a majority of households as well as in the commercial sector. However, over the course of time, these fabric-oriented products get musty or smelly, which requires maintenance at regular intervals.

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For maintaining these fabric products, fabric fresheners have been gaining traction in the global market. Fabric fresheners are being designed to eliminate any odour originating from sticky couches, musty carpets, and unwashed curtains.

With the continuous evolution of fabric freshener products, companies have been strategizing on adding additional features to their existing products. Some of the newly featured fabric fresheners not only eliminate the odours on fabric but also act as a pest control against various insects on these materials.

Fabric Freshener Market: Key Players

Some of the key players operating in the global fabric freshener market are Procter & Gamble, Henkel Corporation, JAY Manufacturing, Reckitt Benckiser, Clean Control Corporation, Deb Group Ltd, Grow Fragrance Inc., and The London Oil Refining Co Ltd., among others.

Fabric Freshener Market: Key Trends

Manufacturers of fabric freshener products have been strategizing on promoting their products and services in order to increase their customer base in the global market. Along with key promotional activities, some of the fabric freshener companies have been executing key acquisitions in order to gain a larger customer base.

Fabric Freshener Market: Key Developments

In 2017, Procter & Gamble Co. initiated a nationwide campaign on its fabric freshener brand, i.e. Febreeze, for the North American and European markets.
In 2016, Henkel Corporation acquired major shares of The Sun Products Corporation, which specializes in the production of various fabric freshener products for the household sector.

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Opportunities for Fabric Freshener Market Participants

Over the past couple of years, industrialization has been surging at a significant rate in various parts of the world, especially in the Asia Pacific region. With the rise in the commercial sector, it becomes necessary for owner to maintain their office with proper hygienic and also make them environmentally-friendly.

Due to this, these commercial sectors have been looking ways and even buying several hygienic products to maintain their offices. This important factor paves a critical opportunity for the fabric freshener market to gain traction over the forecast period.

The fabric freshener market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The fabric freshener market report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment.

The report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Fabric Freshener Market
Technology
Value Chain of the Fabric Freshener Market
Market Drivers and Restraints

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
CIS & Russia
Japan
Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

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Fabric Freshener: Market Segmentation

On the basis of product type, the global fabric freshener market has been segmented as –

Regular
Perfumed

On the basis of end use, the global fabric freshener market has been segmented as –

Households
Commercial
Offices and Industrial Sector
Hospitality Industry
Public Facilities
Others

On the basis of the distribution channel, the global fabric Freshener market has been segmented as –

Direct
Indirect
Hypermarkets/Supermarkets
Specialty Stores
Independent Stores
Online Store
Others

Laser Welding Market Size To Reach US$ 5,387.0 Million By 2032 | New Opportunities Planning By Future Market Insights

Global Laser Welding’ demand is anticipated to be valued at US$ 2,758.3 Million in 2022, forecast to grow at a CAGR of 6.9% to be valued at US$ 5,387.0 Million from 2022 to 2032. Growth is attributed to the growing momentum towards the generation of energy through renewable sources.

According to Future Market Insights, Europe is expected to hold lucrative growth opportunities for Laser Welding, and is expected to reach at a significant share of 30% in 2022.

Europe is expected to witness a significant market growth, owing to the well-established automotive sector in countries like Germany, Spain, France, and others, which is expected to act as an engine for the market growth in the region. Technological advancement in the region is the supporting factor for the market.

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Laser Beam Welding is a joining technique that uses heat generated by highly concentrated laser beams to join two or more similar materials. Metals are the most commonly used materials in these welding techniques, but plastic materials have also found use in the laser beam welding process.

Laser beam welding is extremely useful for welding small parts because it produces minimal residue and thermal distortion. Laser beam welding is being used in a variety of industrial applications because it can be fully automated and achieve high welding speeds.

The growth of the market is majorly driven by the increasing demand from several end-user industries such as automotive, medical, electronics, etc., across the world.

Furthermore, the market is also driven by the growing demand for the fabricated metal products, development of heavy industrial equipment, advancement in the manufacturing processes, and adoption of latest technologies. Additionally, the demand for automated equipment is also increasing due to the shortage of skilled personnel in some of the regions studied.

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Factors such as increasing utilization in the manufacture of wind turbines is expected to boost the growth of the Laser Welding market in the near future.

On the other hand, high power requirement and automation is one of the major factors that is expected to hamper the growth of Laser Welding Market over the analysis period.

The growing momentum towards the generation of energy through renewable sources is expected to propel the growth of the Laser Welding Market over the analysis period. The electronics industry also utilizes this process as the manufacturers within this industry constantly deal with the fabrication of minute electronic components, such as circuit boards, transistors and integrated circuits.

The laser beam welding process is being steadily adopted in the automotive industry wherein around 20% of the welding operations are performed through laser beam welding equipment, this percentage is expected to rise even further in the upcoming years due to improvements observed in the overall productivity, quality and weld strength.

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Automotive parts, such as engine components, solenoids, alternators, fuel filters and injectors, among others, have been increasingly manufactured through the laser beam welding process. Another factor influencing the growth of laser beam welding equipment market is its increasing utilization in the manufacture of wind turbines. All these factors are expected to boost the growth of the Laser Welding Market during the forecast period.

Key Segments Profiled In The Laser Welding Industry Survey

Laser Welding Market By Product Type:

Carbon Dioxide Laser (CO2) Welding Machine
Fibre Laser Welding
Solid-State Laser Welding
Others

Laser Welding Market By End-Use Industry:

Laser Welding for Energy Industry
Laser Welding for Transportation Industry
Laser Welding for Aerospace Industry
Laser Welding for Communications Industry
Laser Welding for Metal Fabrication Industry
Laser Welding for Automotive Industry
Laser Welding for Electronics Industry
Others

Laser Welding Market By Application:

Laser Welding for Spot and Seam Welding
Laser Welding for Laser Deposit Welding
Laser Welding for Scanner Welding
Laser Welding for Tube Welding
Laser Welding for Profile Welding

Laser Welding Market By Region:

North America Laser Welding Market
Latin America Laser Welding Market
Europe Laser Welding Market
Asia Pacific Laser Welding Market
Middle East & Africa Laser Welding Market

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Plastic Extrusion Machine Market is anticipated to touch a value of nearly US$ 10,754.4 million by 2032: FMI

The global plastic extrusion machine market is projected to reach US$ 6.7 Billion in 2022. Based on the report, sales of plastic extrusion machines are expected to have a CAGR of 4.70% and to reach an evaluation of US$ 10.7 Billion by 2032. The prominent advantage of the plastic extrusion machine process is that the plastic can be given any complex shape and molded into any design without the appearance of any cracks or im.perfections as the plastic encounters only shear and compressive stresses.

The process also helps in the production of parts and components with excellent surface finishes. The extruder machine consists of a barrel and screw as well as heaters, dies, and screw drives. Two different pressure conditions are applied when the extrusion machine is in operation. Plastic products like weatherstripping lines, pipes, tubes, deck railings, plastic films, window frames, plastic sheets, wire insulation, and thermoplastic coatings are made using plastic extrusion. Fixed cross-sectional profiles are made using the extrusion process.

Materials, such as plastic or thermoplastic, are pressed through a die of desired shape and cross-section. Plastic extrusion is a manufacturing process using which high volumes of plastic material is manufactured and produced to form a continuous profile.

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Additionally, the mixing action of the plastic compound through the shearing action is facilitated by the extruder screw. The plastic extrusion process is used for the manufacturing of plastic tires and belt conveyors in the global market. Extrusion machines can be used for the manufacturing of several materials from thermoplastic plastic, thermoplastic and natural plastic. The cross-sectional shapes or profiles, such as cord, rectangles, squares and triangular shapes and hollow sections of the aforementioned profiles can be easily manufactured using plastic extrusion machines.

Market Dynamics: Plastic Extrusion Machine Global Market

The Plastic extrusion machine market is estimated to gain traction in the market over the forecast period owing to significant drivers, such as significant innovation processing technologies and introduction of new and novel plastic products in the global market.

However, there are other factors which are also expected to drive the demand for plastic extrusion machines, such as the growing piping industries and manufacturing sector in emerging and developed regions, increasing awareness about the benefits of plastic extrusion machine, growing consumer consciousness about environment-friendly equipment and other comforts. Manufacturers have strong opportunity to introduce innovative plastic products which are being manufactured to meet transitioning consumer demand for fuel effective & high-performance lightweight vehicles.

Automotive, oil & gas and construction industries are expected to fuel the demand for plastic extrusion machines during the forecast period. This trend in the plastic extrusion machine market is estimated to increase owing to the growing automotive industries, rising population across the world and growing spending on infrastructure. Currently, major manufacturers in the plastic extrusion machine market which have extensive presence globally dominate the market with their extensive distribution network along with their innovative product portfolio, which is a key driving factor for the growth of the global plastic extrusion machine market.

Also, growing consumer preference towards less carbon emission control vehicles has encouraged manufacturers to achieve minimum fuel efficiency and to continue this, manufacturers have tied up with OEMs to develop specific products for automobiles which are light in weight. Lack of awareness about the advantages of plastic extrusion machine systems may act as a restraint for the global Plastic Extrusion Machine system market.

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Regional Outlook: Plastic Extrusion Machine Global Market

Rising automotive sector in APAC and Europe is expected to grow with healthy CAGR over the forecast period. European countries, such as Germany and Russia, are expected to gain traction during the forecast period. Stringent emission regulations are increasing the demand for plastic products in interior materials in all the vehicle types across the globe.

People in Europe, North America and the Middle East live a luxurious lifestyle. This coupled with higher standard of living and high disposable incomes has led to a growth in the application of plastic products in all end use industries, such as automotive and footwear, which is in turn estimated to propel the demand for global Plastic extrusion machines. People have developed a liking towards comfortable and smooth plastic products and thus, the market is expected see rapid growth in all developed and developing countries in the future.

Developing markets in the APEJ region, especially China and India, are estimated to play a significant role in the growth of the Plastic extrusion machines in coming future. In countries, such as India and China, manufacturing industries are growing at a good pace and hence, there is humungous growth potential for plastic extrusion machines in the near future.

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Key Market players: Plastic Extrusion Machine Global Market

Some of the key players in the polyurethanes additives market are:

Apex Engineers
Reifenhauserindia
Shyam Plastic Machinery
KraussMaffei Berstorff
Extrusion Technik USA, Inc.
TROESTER GmbH & Co. KG
Well Shyang Machinery (WSM)
W. Brabender Instruments Inc.
MITSUBA MFG. CO., LTD.
DEGUMA-SCHÜTZ GmbH

Market Segmentation: Plastic Extrusion Machine Global Market

The Plastic Extrusion Machine market is segmented on the basis of product type, material component and end use.

On the basis of product type, the plastic extrusion machine market is segmented into:

Single screw extrusion
Twin screw extrusion

On the basis of material, the plastic extrusion machine market is segmented into:

PVC
PP
PE
Others

On the basis of component, the plastic extrusion machine market is segmented into:

Screw Drives
Heaters
Dies
Blown film extrusion
Sheet/film extrusion
Tubing extrusion
Co-extrusion
Extrusion coating
Others

On the basis of end use, the plastic extrusion machine market is segmented into:

Automotive
Oil & Gas
Consumer Goods
Packaging
Others

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Pharmaceutical E-commerce Market – Dominance of the Leading Companies Over the Global Industry

The global pharmaceutical E-commerce market size is estimated to reach US$ 72.1 Bn in 2022. The market size is projected to surpass US$ 273.6 Bn by 2032, at a CAGR of 14.3% over the forecast period 2022 to 2032.

In response to the coronavirus pandemic, consumer buying patterns have shifted, internet penetration has increased, and healthcare infrastructure has been established across emerging economies. Further, looking at the wide acceptance towards the online platform, large hospital chains are offering home delivery of medicine along with medical consultation.

Online care and pharmaceutical retail are now an important component of the overall health care delivery system. The increasing expectation for lower prices, regulatory changes, and discounts and offers available at online retail channels will boost sales in the market over the forecast period.

“Wide availability of OTC drugs and medical devices at online channels, along with increasing penetration of digital devices in emerging economies will drive the growth in the market,” says an FMI analyst.

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Key Takeaways:

The global pharmaceutical E-commerce market is expected to gain traction at an impressive 14.3% CAGR, in comparison to the 15.6% CAGR registered between 2017 to 2021.
Based on product type, sales of OTC drugs are expected to remain high.
The U.S. will continue dominating the North America pharmaceutical e-commerce market over the forecast period due to high adoption of digital services in the healthcare sector.
China will lead the East Asia pharmaceutical e-commerce market amid surging demand for at-home delivery of medial devices.
India will emerge as an attractive market owing to rising government initiatives regarding digital services in the healthcare and pharmaceutical sectors.

Competition Landscape

Mergers and acquisitions, as well as product development and innovation, are among the key strategies used by manufacturers to improve sales. Further, companies are coming up with discount offers to gain new customers.

Key players operating in the global pharmaceutical e-commerce market are Netmeds Marketplace Ltd., EasyMedico, Medlife, Amazon.Inc, Apotek, The Kroger Co., Walgreen Co., Giant Eagle, Inc., Walmart, Express Scripts, CVS Health, Optum, Inc., L Rowland & Co (Retail) Ltd, Zur

Rose Group AG, McKesson Corporation, SHOP-APOTHEKE EUROPE N.V., UK Meds Direct Ltd., Walgreens Boots Alliance, Inc., DocMorris among others.

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Segments:

By Product Type:

Prescription Medicine
Over-The-Counter Product

By Region:

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

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Fire Hydrant System Market is reaching US$ 1,846.3 Million at a gracious rate of 3.2% by the year 2032

The global fire hydrant system market is forecasted to be valued at US$ 1,344.2 Million in 2022. During the forecast period ranging from 2022-2032, sales of Fire Hydrant Systems are expected to grow at a CAGR of 3.2%, to be valued at US$ 1.8 Billion.

Because of increased service expectations from industrial and commercial clients, the global market for fire hydrant systems is expanding. Governments around the world have chosen to enforce strict fire safety regulations, resulting in an increase in demand for fire hydrant systems.

With the expanding population of APAC nations, an increasing number of factories, hospitals, commercial complexes, and residential structures are likely to be developed during the next several years. This undoubtedly points to the region’s overwhelming demand for fire hydrant systems.

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Because of the tight consequences for installing fire hydrant systems in enterprises and organizations, the market for such safety systems has a lot of potential in the near future. The Startup India initiative in India has resulted in an increase in the number of startups, which will undoubtedly need the incorporation of more fire safety equipment in the future years.

Furthermore, owing to the adoption of higher safety practices, an increase in commercial places such as shopping malls and offices, and large piping systems covering longer distances in countries such as China, India, Japan, and other Southeast Asian countries, the market in Asia Pacific is expected to expand at a significant rate during the forecast period.

The global market for fire hydrant systems is expected to grow at a reasonable rate in the coming years. The adoption of smart nodes or wireless sensors is the primary trend in the fire hydrant systems market. The latest market trend is to use less water more efficiently. Wireless sensors, also known as smart nodes, are used in fire hydrant systems to achieve such efficiency because maintenance is less expensive and the action is lightning fast.

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Market Competition

During the forecast period, major players in the worldwide fire hydrant market are projected to confront severe rivalry. Companies are also pursuing mergers and acquisitions in order to improve their performance and outcomes. The following companies are major participants in the worldwide fire hydrant market:

Tyco Fire Products
K.B. Building Solutions
ZedEx Fire Services
Fire Hydrant Systems Pty Ltd
Akash Uni Safe Equipment
Waterous
Smith & Sharks
Minimax
Naffco
Kennedy Valve
Angus Fire
Rapidrop

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Key Segments Profiled in the Fire Hydrant Systems Industry Survey

Fire Hydrant Systems Market by Product Type:

Wet Barrel Fire Hydrant Systems
Dry Barrel Fire Hydrant Systems

Fire Hydrant Systems Market by Operation:

Diesel-operated Fire Hydrant Systems
Electric-operated Fire Hydrant Systems
Hybrid-operated Fire Hydrant Systems (Diesel/Electric)

Fire Hydrant Systems Market by End Users:

Fire Hydrant Systems for Industrial Use
Fire Hydrant Systems for Commercial Use

Fire Hydrant Systems Market by Region:

North America Fire Hydrant Systems Market
Latin America Fire Hydrant Systems Market
Europe Fire Hydrant Systems Market
Asia-Pacific Fire Hydrant Systems Market
Middle East and Africa Fire Hydrant Systems Market

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Car Seat and Accessories Market to Expand at a 4.5% Value CAGR by 2032

The car seat and accessories market size demand is anticipated to be valued at US$ 5 Billion in 2021, and is expected to reach US$ 5.3 Billion by 2022. The market is further forecast to grow at a CAGR of 4.5% to be valued at US$ 8.3 Billion from 2022 to 2032. Growth is attributed to an influential automotive industry well-entrenched in terms of technology and product offering.

The global automobile industry is well established globally and has been steadily evolving in terms of technology and product offerings to cater to the large customer base around the globe. Moreover, it plays a pivotal role in driving the economic growth of any developing or developed country.

As a globally prominent industry, it is critical that the automotive industry stays ahead of the curve in terms of technology, with ongoing developments in automotive components and products. Car seats and accessories are examples of such components that have undergone constant development at regular intervals.

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Global Car Seat and Accessories Market: Market Participants

Some of the key players operating in the global car seat and accessories market are Pheonix seating limited, Morrck Ltd., Clek Inc., Britas Römer, RDM Group, Amvian Automotive (Pvt.) Ltd., Diono LLC and Lear Corporation, among others.

Car Seat and Accessories Market: Key Developments

In 2017, Lear Corporation, a key player in the global car seat and accessories market, announced the acquisition of Grupo Antolin’s seating business. Grupo Antolin specializes in the production of various car seat and accessories for North America and Europe markets

In 2018, Britas Römer another marquee player in car seat and accessories launched a new variant of car seat under the brand name of KIDFIX XP SICT and DUALFIX.

Car Seat and Accessories Market: Key Trends

Prominent car seat and accessories manufacturers have been making several key acquisitions in the view of expanding their business in the global market.

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Opportunities for Car Seat and Accessories Market Participants

Over the years, customer perception has been changing with time and new technologies in the market. This factor has also been influencing the global car seat and accessories market. Customers desire to customize their car seat and accessories in accordance with their preference.

Furthermore, families with newborns or toddlers take extra precautions to ensure that their vehicles are equipped with baby care car seats, creating a huge opportunity for competitors in the global car seat and accessory market to gain traction in the baby care or infant care category.

Brief Approach to Research for Car seat and Accessories Market

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product type, application and sales channel.

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The study is a source of reliable data on

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)