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Freight Cars Market Expectations and Growth Trends Highlighted Until 2030

Before 19th-century freight cars are completely made by woods but now day entire wood made fright cars have been replaced by steel made freight cars due to high strength and long-lasting. Fright cars are also known as goods wagon designed to transport commodities such as cargo, colas, grains, oil & gas, among others.

Mainly four types of freight cars are using across the world; open-top car, boxcar, flatcar, tank car. Commonly, open-top freight cars used to transport materials such as coal, gravel, and grain. Boxcars are a type of enclosed car and use for two applications for refrigerated products and transport of livestock like cattle, sheep, and others.

While flat cars are majorly used to transport heavy machinery and military equipment. Although, the variety of fright cars are not limited up to the aforementioned types of the manufacturer are changing the design as per demand.

Due to seeing demand and changing in technology, North America developed an efficient model of freight cars such as a piggyback car, multistory cars to supply of automotive vehicles in two of three partitions in one box. Tank cars can be foreseen as special category fright cars to carry a variety of liquids and industrial chemicals.

Freight cars provide efficient way over transportation of goods or cargo by trucks because this larger scale result decreased transportation costs and required less manpower and energy to haul the same amount of cargo. Therefore, the growth of the global freight car market is expected to lucrative over the coming span of years.

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Freight Cars Market: Dynamics

Supportive government schemes and upcoming projects specifically for railway networks are expected to boom the global value of the freight cars market by the end of 2029. Furthermore, a trade agreement among countries like India and Turkmenistan to supply commodities from one country to another is projected to fillip the demand for freight cars market over the stipulated period.

Moreover, some end-users such as oil & gas are also using rental services for oil tank which is also stimulating the demand for new freight cars over the assessment period. Moreover, growth in end-user industries, for instance, steel, agriculture, automotive, construction, oil & gas, among others are likely to drive the demand 0f freight cars over the coming decades.

Growing other modes of cargo transportation by sea, road, and the air is expected to hamper the global demand of the fright car market over the coming years. Furthermore, lack of proper railway networks in some countries or cities is likely to create headwinds for the growth of the global freight cars market over the slated period.

Leading manufacturer are focused to make lightweight and high efficient freight cars with intends to make aisle brand image across the world. Furthermore, digitalization in the existing fright car network is also foreseen as eye-catching trend in the global market.

Freight Cars Market: Regional Outlook

Asia Pacific region is projected to grow with a healthy growth rate in the global freight car market owing to growing end-use industries in the future. In China, nearly 840 thousand units have been sold and these sales also expected to continue over the coming years.

Europe is expected to hold a paramount share in the global market due to rising demand form the agriculture and automotive industry over the coming decades. Rapidly digitalization in automatic railway network lines in the Middle East & Africa which in turn is projected to stimulate the sales of freight cars demand over the coming decades.

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Latin America pegged to grow at the uptick growth rate in the global freight cars market owing to inadequacy in the heavy cargo load cars. Albeit, upcoming projects, and growth in the agriculture industry are promising to shape up the regional demand for freight cars market over the stipulated period.

Freight Cars Market: Key Participants

Some of the market participants in the Freight Cars market identified across the value chain:

Caterpillar Inc.
Wabtec Corporation
Tatravagonka
Diesel Plant LLC
Kawasaki Group
TrinityRail
Amsted Rail Group
Echelon Solutions Group
Sumitomo Corporation
Union Pacific Railroad

The research report on the Freight Cars market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Freight Cars market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to mentioned market segments.

The report covers exhaustive analysis on

Freight Cars Market Segments
Freight Cars Market Dynamics
Freight Cars Market Size
New Sales of Freight Cars
Current Trends/Issues/Challenges in the Freight Cars Market
Competition & Companies Involved in Freight Cars
New Technology for Freight Cars
Value Chain of the Freight Cars Market

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
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The global Freight Cars market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts 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 segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Freight Cars Market: Segmentation

Product :

Open top car
Boxcar
Flatcar

Sales Channel :

Factory fit
Aftermarket
- Wheel sets
- Side frame
- Bolsters
- Couplers
- Suspensions units
- Bearing & gears
- Others

End use Industries :

Automotive & Transpiration
- Automotive
- Railway
- Aerospace
Agriculture
Construction
Oil & Gas
Chemical
Medical & pharmaceuticals
Food & beverages
Government & defense
Marine
Others

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Aircraft Tube and Duct Assemblies Market Latest Advancements and Business Opportunities 2030

Passenger traffic in the aircraft industry continues to register growth rates above historical averages, supported by the reduced price of travel and increasing middle-class population in developing markets. This rise is playing a crucial role in driving the growth of the global aircraft tube and duct assemblies market.

The global aircraft tube and duct assemblies market is projected to expand at a CAGR of 4.4% during the forecast period of 2022-2030.

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Key Takeaways of Aircraft Tube and Duct Assemblies Market Study

Aerospace industry is increasing the usage of aluminum in aircraft tube and duct assemblies, as aluminum is a lightweight and high-strength material. In the global aircraft tube and duct assemblies market, aluminum holds approximately one-third market share.
Tier-I manufacturers operating in the global aircraft tube and duct assemblies market are Eaton, Exotic Metals Forming, Leggett & Platt, Incorporated, and PFW Aerospace GmbH. On the other hand, AMETEK. Inc., Smiths Group PLC, Sigma Precision Components Ltd., and some other players are estimated to stand in the tier-II bracket in the global aircraft tube and duct assemblies market.
Key players are focusing on the expansion of their footprints by establishing manufacturing units and distribution channels in various regions.
Global defense spending is at a high record. The biggest spenders on defense are the U.S., China, France, Saudi Arabia, and India. Implementation of advanced, combat, and stealth-based aircraft procurement programs has augmented military spending, worldwide. This growing trend is expected to upsurge the demand for aircraft tube and duct assemblies.
Development of lightweight materials and increasing sales of aircraft are anticipated to drive the growth of the market over the forecast period.

“Original equipment manufacturers (OEMs) are projected to hold more than 90% share in the global market, as the replacement of tube and duct assemblies is found to be very limited.”

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AIRCRAFT TUBE AND DUCT ASSEMBLIES MARKET TAXONOMY

Application

Engine Bleeds
Thermal Anti-ice
Pylon Ducting (HVAC) Enamel
Fuselages
Inlets/Exhausts
Environment Control Systems (ECS)
Lavatories
Waste Systems

Aircraft Type

Commercial Aircraft
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Jets
- Freighters
Military Aircraft

Material

Steel
Nickel
Titanium
Aluminum
Composite
Inconel

Sales Channel

OEMs
Aftermarket

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

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Market Landscape Moving towards Consolidation

The aircraft tube and duct assemblies market is expected to be dominated by tier-I manufacturers, who hold more than 50% share of the global market. Prominent players involved in the global aircraft tube and duct assemblies market are shifting their focus on repair solutions rather than replacement products with full-service. This has resulted in providing approximately 50 percent or more cost reduction.

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Retread Tire Market – Future Scenario, Key Insights, Top Companies 2031

As per a study by Future Market Insights (FMI), the global retread tire sales is estimated to be valued at ~US$ 8.8 Bn in 2021. The increase in average miles driven and growing vehicles parc will drive the tire aftermarket, subsequently fuelling the demand for retreading tires.

Despite negative perceptions around retread tires, they continue remain a highly popular category within automotive aftermarket. Increasing focus on sustainable ways of maintaining cars and curbing vehicular pollution and automotive waste will bode well for the market. Besides this, economical pricing of retread tires have made them a top choice among a large section of vehicle owners.

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According to the report, increasing automobile ownership will remain a chief driver. Besides this the demand for heavy commercial vehicle is expected to rise in response to the expansion of various industries, which will continue supporting the growth of the market.

Commercial vehicles often find application in construction and mining activities. Logistics sector too exhibit high demand for commercial vehicles. It might not be a feasible choice for the industries to frequently replace older vehicles with new ones. With an aim of capping environmental impact of vehicle waste and saving resources, an increasing number of industries are opting for aftermarket services.

Higher focus on maintaining commercial vehicles for a longer period of time will boosting retread tires sales. The report has predicted the heavy commercial vehicles to account for over 44% of sales registered in the market.

Key Takeaways from Study

After registering considerable drop in sales amid COVID-19, the retread tire market will bounce back, exhibiting 4.7% CAGR between 2021 and 2031
The U.S. is expected to account for over 78% of retread tires sales in North America, thanks to rising demand for HCVs across various industries
With vehicle sales picking up, the U.K. retread tire market will register 3.4% Y-o-Y growth in 2021
Increasing vehicle production to continue supporting retread tire market growth in Germany and France
Favorable policies aimed at reducing automotive waste to support expansion in China

“Retread tire sales are picking up in response to higher focus on maintaining vehicles. While focus on maintenance remains high among heavy commercial vehicle owners, retread tires are gradually making inroads into off road vehicle segment. To capitalize on these opportunities manufacturers are likely to focus on expanding their footprint around the world,” said a lead analyst at FMI.

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Retread tire Market

By Vehicle Type

Passenger cars
LCV
HCV
Off-Road Vehicle

By Process

Pre-cure
Mold cure

By Sales Channel

OEM
Independent Service Provider

By Region

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

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Competitive Landscape

Some of the leading players in the market Bridgestone Corporation, The Goodyear Tire & Rubber Company, JK Tyres, Michelin, Continental AG, MRF, Yokohama Rubber Company, Carloni Tires, and Nokian Tyres. With price competition getting fiercer, these companies are adopting unique strategies to establish their brand awareness.

For instance, in 2019, Bridgestone Americas, Inc. announced an industry-wide campaign to educate small to medium fleet owners about the benefits of retread.

In 2018, TravelCenters expanded their commercial tire services to professional drivers with the acquisition of a commercial tire retread plant.

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Bottle Carriers market Global Industry Overview and Competitive Landscape till 2032

The global bottle carriers market size was valued at around US$ 546 Mn in 2021 and is projected to exhibit growth at a CAGR of 4.7% from 2022 to 2032. The market is anticipated to reach a valuation of US$ 895 Mn by 2032.

During the forecast period, the bottle carriers market revenue is expected to create an incremental opportunity of US$ 328 Mn during 2022-2032. Ongoing expansion of the food & beverage sector is set to drive demand for bottle carriers.

In order to boost sales, retailers are employing bottle carriers to make it as simple as possible for customers to purchase multiple bottles at a time. Bottle carriers are simple to use and provide customers with the freedom to shop across various product categories, brands, and bottle sizes.

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Bottle carriers are also used by manufacturers for marketing activities. Some of the companies are focusing on providing a practical pack with a strong shelf life. Bottle carriers give companies a chance to stand out from the competition and boost sales.

Moreover, bottle carriers are made of corrugated cardboard or solid board with an integrated handle and are intended to transport two to six bottles of the same size and shape safely. These carriers may be assembled quickly as they are pre-glued. Therefore, the need for consumer convenience is creating new growth opportunities in the global bottle carriers market.

The bottle carriers market grew at a CAGR of 3.7% in the historic period of 2015-2021. Today’s global packaging market is changing at a rapid pace, which would lead to rising demand for customized items and products that are easy to carry. Customers can purchase many bottles from a retail store since bottle carriers are simple to use. It is further anticipated to boost the retailer’s revenue. Bottle carriers are extensively used in industries like food and beverage and healthcare.

The bottle carriers market is expanding in the Asia Pacific region owing to ongoing expansion of the beverage industry across China and India. Backed by the need for practical packaging, the market for bottle carriers is anticipated to expand in the region. Traditional divider inserters are included in these carriers to prevent breakage and make it simple for consumers to transport numerous bottles together for different end uses.

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To enable consumers to handle even heavier bottles, several producers are emphasizing on boosting the strength of their in-house bottle carriers. Due to their ease of handling, bottle carriers are becoming more popular in various parts of the globe. Considering all the above-mentioned factors, the bottle carriers market is expected to grow at a CAGR of 4.7% from 2022 to 2032 and create an incremental opportunity of US$ 328 Mn over the next decade.

Top Trend Pushing Sales in the Bottle Carriers Market

Mass Production of Alcoholic Beverages

Rapid growth in alcoholic beverage consumption in various parts of the world with rising disposable income in developing nations and increasing spending on social activities in contemporary communities are projected to boost the bottle carriers market share in the next decade. Alcohol consumption has become socially acceptable and normalized in today’s culture as evidenced by its prevalence at social events, nightclubs, lounges, and other informal settings.

More than any previous generation, millennials are currently exposed to alcohol consumption. Owing to the high demand from millennials, bottle carriers are one of the most common packaging solutions used by beverage manufacturing companies. Bottle carriers are widely used for comfort arrangements and brand expansion, which helps to create an exceptional impression in the customer’s mind. These factors are estimated to push the global bottle carriers market in the next decade.

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Automotive Garage Equipment Market is Set to Experience Revolutionary Growth by 2029

Future Market Insights’ new market research study on the automotive garage equipment market contains global industry analysis 2017 – 2021 and opportunity assessment 2022 – 2029. The report investigates the automotive garage equipment market and provides critical insights for the forecast period of 2022 – 2029. As per the key findings of the report, the global automotive garage equipment market is anticipated to experience substantial growth over the forecast period due to increase in the demand for replacement and maintenance of automotive components.

The global automotive garage equipment market is estimated to be valued at ~US$ 24.4 Bn in 2022, increasing at a CAGR of ~ 4.3% during the projected period of 2022 and 2029. This growth is significantly driven by stringent emission and other regulations of vehicle diagnostics equipment in the automotive industry

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FMI’s study opines that growing popularity of independent garages among consumers is one of the key trends that is shaping the global automotive garage equipment market. However, the onset of innovative technologies and R&F activities is expected to enhance the functionalities and capabilities of modern automotive garage equipment.

Significant Growth Opportunities in the APEJ Automotive Garage Equipment Market

Asia Pacific Excluding Japan is projected to show heavy upsurge in the automotive garage equipment market owing to increasing penetration of new franchises and up gradation in independent repair shops and garages particularly in India and china. The region accounts for largest two wheeler fleet and higher density of light and heavy vehicles. China is projected to witness heavy growth owing to increase in number of light and two wheelers and India is projected to hold significant share in the automotive garage equipment market owing to growth in independent garages and repair shops. Propensity of these countries towards technological advancements in the garage equipment’s is creating an opportunity for the market during the forecast period.

High Demand for Garage Equipment from Independent Garages Propelling the Market Growth.

The global automotive garage equipment market has been segmented based on vehicle type, equipment type, garage type and regions, such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Middle East & Africa, and Japan.

Shifting consumer preference towards independent garages in comparison to franchise garage is one the major factors driving the growth of garage equipment’s in the market. Independent garages offer similar services and capabilities as franchise garages along with economical price bands as OEMs. According to primary surveys about ~80% of the consumers in Asia prefer independent garages over OEM dealerships due to the maneuverability, ease, and flexibility offered by them at a reduced cost and time. As a result, the growing demand for independent repair shops is in turn expected to drive the need for garage equipment
Majority of OEMs are planning strategic initiatives to expand dealerships and after sales service capabilities in rural areas. The strategy lies in establishing repair & maintenance dealerships and for franchised garage operators to expand their service presence and portfolio. Vehicle manufacturers have now shifted their focus towards the rural market as it seems to be significantly more opportunistic. This in turn, will drive automotive garage equipment during the forecast period.
Light vehicles garages are projected to emerge as the major contributor to the demand for garage equipment, reason being demand for new and advanced garage equipment products. This will in turn create significant demand for advanced garage equipment, such as vehicle diagnostics & testing equipment, wheel & tire alignment equipment, etc.

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Automotive Garage Equipment Market by Category

By Vehicle:

2 Wheelers
Light Vehicles
Heavy Vehicles

By Equipment:

Lifting Equipment
Body Shop Equipment
Wheel & Tire Alignment
Vehicle Diagnostics & Testing
Washing Equipment
Other Tools

By Garage:

OEM
Franchisee Garages
Independent Garages

By Region

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

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Automotive Garage Equipment Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global automotive garage equipment market. Few examples of key players in the market are Symach Srl, Nussbaum Automotive Solutions, SAMVIT GARAGE EQUIPMENTS, MAHA Maschinenbau Haldenwang Gmbh & Co. KG, Snap-on Incorporated, Robert Bosch GmbH, Continental AG, and Forward Lift Company (Dover Corporation), and Standard Tools and Equipment Co., among others. The global automotive garage equipment market is significantly dominated by some players holding prominent shares of the market. Tier-1 players are focused on mergers, acquisitions and joint ventures with local market players and launch of technically advanced garage equipment’s in order to achieve the ongoing trend thereby gaining a competitive edge over its peers.

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Automotive Tire Market Analysis by Size, Share, Growth, Trends up to 2031

According to ESOMAR-certified Future Market Insights’ (FMI), demand for automotive tire is expected to rise considerably, enabling the automotive tire market to grow at 6.0% CAGR throughout the forecast period between 2021 and 2031.

Newly released data by Future Market Insights predicts the global automotive tire market to reach US$ 366,092 Mn in 2021. Despite stifled growth amid COVID-19 outbreak, the market is likely to recover, showcasing 5.6% year-on-year growth in 2021.

The radial tire sales is projected to surpass US$ 550 Bn between 2021 and 2031. Bridgestone, Michelin, Goodyear, Continental, and Pirelli are the leading market players and they are expected to collectively account for nearly 48% of global automotive tire market in 2021.

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With the dawn of new phase of industrialization “Industry 4.0”, spike in sales of lightweight and commercial vehicles is observed. Rising per capita income and improvement in standard of living have led to increase in sale of passenger cars and two wheelers.

Increasing trading activities have fueled the demand for high performance automotive tires for light and heavy commercial vehicles. These factors will drive the sales of automotive tires during the forecast period.

Increasing sales of electric vehicles and increasing efforts to reduce the carbon emission by developing low resistance tires with superior grip will boost the automotive tire market growth over the assessment period.

Some of the market players are developing green tires, which are manufactured using dispersible silica. These green tires offer superior wet grip and enhance vehicle stability and safety. The lightweight nature, low fuel consumption due to reduced rolling resistance, and high durability haves made green tires highly sought-after in the automotive industry.

Pandemic has led to closure of manufacturing facilities and slump in sales of automotives in 2020. Limited driving led to reduction in tire replacement and new tires sales which negatively influenced the market growth.

However the market is expected to recover post lockdown as people are switching to digital platform to ensure social distancing and limit the infection transmission. Through digital platform, the companies are able to provide doorstep tire replacement services with no hassle. These services are expected to provide a positive impetus for the growth of the automotive tire market post pandemic to 2031.

Key Takeaways from FMI’s Automotive Tire Market Study

North America market is anticipated to grow at 5.9% CAGR backed by increasing consumer spending on comfortable and more durable tires and rising sales of electric vehicles in U.S. and Canada.
Europe is expected to lead the automotive tire market, showcasing growth at 6.2% CAGR in 2021. The growth can be attributed to rise in passenger car production rate, presence of leading original equipment manufacturers, and high demand of custom tires by automakers in the region.
Soaring popularity of retread tires and rising partnerships between automakers and tire manufacturers to cater the consumer need will bolster growth opportunities.
Japan and South Korea will collectively account for around 12% of the global market share in 2021.
Radial automotive tires sales will soar as they offer high heat dissipation rate and long life. The radial automotive tire segment is expected to surpass US$ 550 Bn in terms of value by the end of 2031.

“Increasing sales of electric vehicles along with increasing research activities aimed at reducing carbon emission by lowering the rolling resistance will drive the market growth in forthcoming years,” says the FMI analyst.

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Competitive Landscape

As per FMI, Bridgestone, Michelin, Goodyear, Continental, and Pirelli dominate the automotive tire market, collectively accounting for 48% of total market share in 2021.

Leading market players are focusing on developing new tires as per the changing market dynamics and customer demands. They are also looking to capitalize on the high revenue opportunities offered by developing nations by setting up manufacturing plants in these countries.

For instance, in June 2021, Michelin launched its new “MICHELIN X® MULTI GRIP™” truck tires developed for high performance in extreme winter condition. The tire offers superior grip, safety in extreme cold and wet roads with elevated mileage thus paving way for more sustainable transport system.

Michelin also launched “MICHELIN X AGVEV” tire especially designed for automatic guided vehicles (AGV) operating in ports. MICHELIN X AGV^EV is first of its kind tire engineered for electric vehicles requirements to improve performance, reliability, productivity, and safety of AGV. It has very low rolling resistance thus reducing machine emission and improve battery life of the electric vehicle.

Prominent players operating in the automotive tire market are:-

Continental AG
Bridgestone Corp.
Michelin
Goodyear Tire And Rubber Company
Pirelli & C. S.P.A
Yokohama Rubber Company Limited
Cheng Shin Rubber Industries
Sumitomo Rubber Industries Ltd.
Toyo Tire & Rubber Company
Trelleborg AB
Cooper Tire & Rubber Company
Hankook Tire
Madras Rubber Factory Limited
Kumho Tire Co. Inc.
Apollo Tyres Ltd
Sailun Tires Ltd
Shandong Linglong Tyre
Nokian Renkaat Ojy
Titan Tire Corporation
Nexen Tire America Inc

Automotive Tire Market by Category

By Vehicle Type:

2/3 Wheeler
- <18”
- >=18”
Passenger Vehicle
- <=15”
- 16”-19”
- >=20”
Commercial Vehicle
Light Commercial Vehicle
- <=15”
- 16”-19”
- >=20”
Heavy Commercial Vehicle
- <=20”
- 21”-24”
- >=24”
- specialty Vehicle

By Tire Structure:

Radial
Tube
Tubeless
Bias

By Sales Channel:

OEM
Aftermarket

By Region:

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

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Key Points Covered in Automotive tire Market Study

Market estimates and forecast 2015-2031
Key drivers and restraints impacting market growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Brand share and Market Share Analysis
Key Product Innovations and Regulatory Climate
COVID-19 Impact on Automotive Tire Market and How to Navigate
Recommendation on Key Winning Strategies

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https://london-news-community.tribeplatform.com/general/post/automotive-wiper-blades-market-value-chain-stakeholder-analysis-and-ZCxro6MC0ePGZRA

https://community.wongcw.com/blogs/197707/Automotive-Wiper-Blades-Market-Brief-Forecast-and-Analysis-by-Top

https://kaalama.org/read-blog/183160

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Cans Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032

The global cans market exhibited growth at a CAGR of 2.5% during the historic period of 2015-2021. Increasing utilization of cans in various end-use sectors such as beverages, pharmaceuticals, and cosmetics & personal care is anticipated to boost the market. The historic period witnessed the entry of various market players and product innovations.

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Initially, glass bottles were considered to be the most convenient packaging option by end users. However, since the last decade, product safety has become the major concern of consumers, as glass bottles are delicate and have high a risk of accidental breakage in case of mishandling.

Utilization of cans among end users significantly increased in the past decade attributed to the urgent need to minimize inclusion of over-sized and excess material-based packaging formats.

Cans are available in various sizes that are suitable for single-time beverage consumption or bulk storage of health supplements and baby food. As per the consumer survey conducted by FMI, nearly 78% of end users, including beverage, food, pharma, and homecare product manufacturers shifted to cans from traditional packaging options.

Furthermore, consumer inclination towards hygiene and high barrier packaging formats is expected to push the cans market across various regions. As cans protect the product from numerous environmental factors and provide spill-proof packaging, most of the end users are considering them as ideal packaging solutions for liquid and powdery products. Besides, cans made of aluminum, tin/steel, or plastic are tamper proof and offer good resistance against sudden impacts & damage during material handling and transportation.

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Top Trend Spurring Sales Of Cans

High Demand for Recyclable Packaging Solutions

It is observed that the most commonly used packaging type for beverages is single-use plastic bottles that are difficult to recycle. Increasing levels of global warming and pollution across the globe is compelling government bodies to ban products made out of single-use plastic. To mitigate the environmental problems of single-use plastic bottles, manufacturers are looking for alternate solutions such as aluminum cans.

These type of cans are infinitely recyclable without losing product integrity. As per the Maine Department of Environmental Protection, companies can have an aluminum can back on store shelves as a brand new can in as little as 60 days of being recycled. Owing to the increasing demand for recyclable, reusable, and sustainable packaging solutions, the global cans market is expected to witness significant growth in the next decade.

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Country-Wise Insights

What is the Demand Outlook for China Cans Market?

“High Demand for Ready-to-cook Food in China to Drive Sales of Metal Cans”

The China cans market is anticipated to generate a share of around 19.47% in the forecast period, finds FMI. Growing inclination towards packaged and processed food products in the country is pushing growth in the market.

As per key insights published by the Government of Canada, in 2020, retail sales of packaged food in China was valued at US$ 284 Bn. The top packaged food categories responsible for heightening up value sales are dairy, savory snacks, and noodles.

Additionally, China is considered to be the second-largest importer of processed agri-food and seafood products that represented a total value of US$ 75.8 Bn in 2020. Growing demand for easy-to-cook food items among young urban consumers is also expected to boost the market in China.

As cans offer a good barrier against light and oxygen, they ensure the quality and taste of packed food. Thus, demand for canned food in China is expected to increase twice than what it was in the past decade, thereby fostering the cans market.

Will the U.S. Emerge as a Remunerative Cans Market?

“Demand for Beverage Cans to Surge in the U.S. with Presence of Leading Manufacturers”

At present, the U.S. cans market size is US$ 5.9 Bn. The U.S. is home to some of the world’s most renowned can manufacturers such as Ball Corporation. The company is well known for its primary manufacturing of glass jars, lids, and related goods used for home canning. The first ever aluminum stewardship initiative (ASI) and chain of custody standard approved beverage containers were released jointly by Ball Corporation and Damm in March 2021.

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Crown Holdings, Inc., formerly known as Crown Cork & Seal Company, is another major player in the metal packaging industry based in the U.S. It specializes in beverage & food cans, aerosol containers, closures, and specialty packaging. Since its inception, it has witnessed significant growth in terms of additional facilities.

As per FMI, the U.S. cans market is expected to accelerate at a CAGR of 3.7% during the forecast period and reach a valuation of US$ 8.6 Bn by 2032.

Category-Wise Insights

Which is the Most Preferred Type of Material in Cans Market?

“Recyclable Cans Made of Aluminum to Gain Impetus Worldwide”

By material type, the aluminum segment is set to generate a market share of nearly 74% in the upcoming decade. Aluminum cans are highly durable and light in weight, as compared to tin and steel cans. These cans do not rust, are resistant to corrosion, easy to fill, and can withstand pressure without rupturing. Hence, aluminum cans provide 100% protection against oxygen, light, moisture, and other contaminants.

Further, aluminum cans are used in the packaging of a wide range of food and beverage products. Apart from that, they are utilized in other packaging applications, including aerosol products, paint, cosmetics, and pharmaceuticals. The segment is thus expected to observe an incremental growth of 1.5x during the forecast period in the global cans market.

Which End Use Segment is Expected to Generate the Largest Share in the Cans Market?

“High Demand for Non-alcoholic Beverages to Spur Growth in the Market”

Based on end use, the beverages segment accounted for the largest cans market share in 2021 and is poised to maintain its dominance during the forecast period. As per FMI, the beverages segment is expected to accelerate at a CAGR of 4.0% in the global cans market during the forthcoming years.

Growth is attributed to the launch of new sports drinks & fruit juices, rising consumption of non-alcoholic products, and surging demand for low-calorie beverages across the globe.

Which Capacity of Can will Remain Highly Sought-After?

“Increasing Shift towards Portion Packs to Fuel Demand for 201-750 ml Food Cans”

As per FMI, the 201-750 ml segment is set to remain at the forefront in the global cans market during the assessment period. These cans are extensively used across the globe owing to rising inclination of consumers towards portion packs and packaging with easy handling.

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Backflow Preventers Market review Is Anticipated To Nearly Double By 2031, According To Future Market Insights

However, barring a few countries, the water infrastructure development activities have resumed at a healthy rate post Q2 of the financial year. With the sector undergoing a recovery mode, the immediate as well as long-term growth outlook of backflow preventers market review remains positive.

Backflow preventer sales are expected to reach US$ 367.4 Mn in 2021, according to Future Market Insights (FMI), an ESOMAR-certified research and consulting firm, with a stable long-term projection. COVID-19’s recessionary effects on construction activities slowed backflow preventer demand in 2020, causing backflow preventer sales to slow.

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Considerable increase in government norms and regulation for plumbing industry is expected to create growth opportunities. The increasing inclination towards reduced pressure zone backflow preventers in developed and developing countries across the globe is expected to drive the market.

Key Takeaways from Backflow Preventers Market Study

Global backflow preventer market is expected to exhibit 3.7% CAGR between 2021 and 2031
The U.S. is projected to account for over 75% sales in North America, thanks to increasing residential construction
Increasing focus on waste water treatment will enable the U.K. register 1.9% y-o-y growth in 2021
Increasing construction activities will drive growth in Germany and France
Increasing government spending towards waste water treatment will drive growth in Japan and South Korea

“Stringent laws implemented to ensure safe drinking water are expected to give impetus to the backflow preventer market. In addition to this, innovation of new connected backflow preventers will enable the market gain momentum at a steady pace through the forecast period. Competitive price offering, increase in end user satisfaction in terms of performance, and use of advanced technologies are some of the key strategies implemented by manufacturers operating in the market,” says FMI analyst.

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Competitive Landscape:

The backflow preventers market is understood to be fairly consolidated, with key players accounting for nearly 60% of overall market value share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are Honeywell International Inc, Rexnord Corporation, Conbraco Industries Inc., Watts Water Technologies Company, Emerson Electric Co., Caleffi S.p.a., W.W. Grainger, Inc., A.R.I. Flow Control Accessories Ltd, BEULCO GmbH und Co. KG and others.

Backflow preventer market is estimated to witness sound growth during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of water management that meet personalized requirements of consumers. Collaboration, mergers and acquisition with regional companies are some of the key strategies market players are likely to focus on to gain competitive edge.

Backflow preventers Market by Category

Product Type

Atmospheric Vacuum Breaker
Pressure Vacuum Breaker
Double Check Valve Assembly
Reduced Pressure Zone

Material Type

Stainless Steel
Plastic
Ductile Iron
Bronze
Other Materials

End Use

Residential
Commercial
Industrial
- Sprinkler & Irrigation
- Water & Wastewater
- Chemical Processing

Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MEA)

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Automotive Glass Market Future Trends, Industry Size and Forecast to 2030

The global demand for automotive glass has declined significantly in 2020, with the Covid-19 pandemic restricting automotive production and reducing new orders in the manufacturing sector. However, long-term prospects remain bullish, with a new report by FMI projecting 4% CAGR through 2030. The report opines that market players will benefit from smart glass technology and the rising popularity of electric vehicles.

The report opines that volatility in raw material pricing and high capital requirements will hold back market developments.

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The automotive glass industry has witnessed steady growth in recent years backed by the massive global automobile production sector, implementation of strict automotive safety standards, and improvements in material and auto tech. Further, businesses have invested in smart glass and wider windshield and sunroof designs for their offerings, catering to premium automobile consumer requirements.

While revenue from the automotive glass market rises steadily, the fragmented nature of the market limits the potential for revenues. Also, issues in terms of energy efficiency and raw material fluctuations are problems faced by key players.

Key Takeaways

The automotive glass market will reach US$ 16 billion, with demand receding in 2020
Door glass offerings remain in high demand, with the higher volume of glass required for these products and innovations in material strength and temperature control.
Applications of automotive glass in conventional passenger cars reflect higher growth than LCV, HCV and electric vehicle applications owing to higher demand and production, driven by higher disposable incomes globally.
East Asia is a key market for production and sales, supported by the prevalence of numerous regional and international automobile manufacturing plants in the region, supported by lower labour and material costs.

“The growth in production rate of electric and hybrid vehicles in addition to the integration of varied new technologies for visibility and safety are expected to positively influence the global demand for automotive glass throughout the forecast period till 2030,” said a lead analyst at Future Market Insights

Covid-19 Impact on Automotive Glass Market

The coronavirus pandemic is expected to have a negative effect on the short-term prospects of the automotive glass industry. Lockdown restrictions have limited the production of automobiles and associated materials across North America, Asia, and Europe, which are key markets for auto glass.

Also, the demand for new automobiles has fallen sharply, and the uncertainty over the severity and duration of the pandemic and the impact on the global economy are key factors that could hamper market prospects, and delaying the recovery of the industry in the long term. However, the automotive industry will gain traction following the end of the pandemic, with the anticipated growth in demand for electric and autonomous vehicles on a global scale.

Some of the leading players in the market include Dura Automotive Systems, Saint-Gobain S.A., Asahi Glass Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Nippon Sheet Glass Co. Ltd., Xinyi Glass Holdings Ltd., Central Glass Co. Ltd., Glas Trosch Holding AG, Gentex Corporation, and Magna International Inc. among others.

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Key Segment

Application

Windshield
Back Glass
Door Glass
Quarter Glass
Vent Glass
Moon/Sun Roof

Glass Type

Laminated Glass
Tempered Glass

Sales Channel

Original Equipment Manufacturer
Aftermarket

Vehicle Type

Passenger Vehicles
- Compact
- Mid-size
- Luxury
- SUV
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
- BEV(Battery Electric Vehicles)
- HEV(Hybrid Electric Vehicles)
- PHEV(Plug-In Hybrid Electric Vehicles)

Regional Outlook

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

Table Of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

Market Overview

2.1. Market Taxonomy

2.2. Market Definition

Key Market Trends

3.1. Key Trends Impacting the Market

Key Success Factors
Global Automotive Glass Market Demand Analysis 2015-2019 and Opportunity Assessment, 2020-2030

5.1. Historical Market Volume (Mn Units) Analysis, 2015-2019

5.2. Current and Future Market Volume (Mn Units) Projections, 2020-2030

5.3. Y-o-Y Growth Trend Analysis

Global Automotive Glass Market – Pricing Analysis

6.1. Regional Pricing Analysis By Application

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Key Challenges

Despite the challenges of the coronavirus crisis, the prospects of the automotive glass market are largely positive in the long term. However, sustained growth will entail effective maneuvering through various challenges.

For instance, volatility in the pricing of raw materials required for the production of automotive glass, and the resulting gap between supplies and demand is a key challenge often facing manufacturers.

According to the Association for the Advancement of Automotive Medicine, inadequate standardization of glass quality is a problem in terms of safety from lacerations and ejection in accidents.

Also, automotive glass market players require high capital for research and development and the necessary infrastructure. Also, products needing certification have to go through stringent testing and regulations that restrain growth prospects in the industry.

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Duplex Paper and Board Market 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2032

During the projected period from 2022 to 2032, the worldwide duplex paper and board market is estimated to grow at a CAGR of 2.8%. The duplex paper and board industry is predicted to develop rapidly in 2032, with sales increasing by US$ 5,807.1 Million.

The majority of demand for duplex paper and board is due to its widespread use in pharmaceutical and food as well as beverage packaging. As of 2022, duplex paper and board sales are expected to be valued at US$ 4,405.9 Million.

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The global demand for duplex paper and board is projected to increase at a CAGR of 2.8% during the forecast period between 2022 and 2032, reaching a total of US$ 5,807.1 Million in 2032, according to a report from Future Market Insights (FMI). From 2016 to 2021, sales witnessed significant growth, registering a CAGR of 2.1%.

Duplex paper and board are used in the production of folded carton boxes and cardboard layers for a range of end-use applications. Duplex paper and board will see a significant increase in demand in the next years due to its use for packaging applications in pharmaceutical, personal care, food and beverage, and other industries.

Duplex paper and board sales are heavily reliant on their broad use for product packaging in many sectors, resulting in constant rivalry among key competitors to supply cutting-edge packaging solutions for end customers. Furthermore, the great surface quality of duplex board, in addition to its optical properties, will make it a superior solution with good printability and a beautiful appearance.

To boost the use of duplex paper, key firms are focused on innovation and development. Furthermore, duplex board is made from recycled fibres, which decreases the carbon footprint generated by this sector. These factors will lead to an increase in demand for duplex paper and board in the coming years.

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Which Are Some Prominent Drivers Of Duplex Paper And Board Market?

Growing Desire for Biodegradable Packaging to Boost Market Growth

The worldwide packaging business is largely concerned with producing environmentally friendly packaging choices. The global desire for biodegradable packaging has gradually boosted the demand for duplex paper and board in manufacturing industries such as FMCG, retail, pharmaceutical, and many others.

The global prohibition on plastic imposed by nations owing to new rules and legislation has altered demand for duplex paper and board. The pulp and paper industry is intently focused on boosting production capacity while also introducing new technologies along the route. These factors will boost the duplex paper and board industry at the same time.

Opportunities are collapsing in the duplex paper and board sector, and the capacity to provide biodegradable packaging choices has compelled the whole industry to make an unprecedented change. The extraction of fibres from magazines, newspapers, and books and conversion to biodegradable duplex paper and board has skyrocketed product sales.

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This feature will provide a fantastic chance to reduce the use of capital in raw material procurement while also increasing the financial viability of the duplex paper and board industry.

What Are The Challenges Faced By The Duplex Paper And Board Market?

Durability is a Major Obstacle for the Market Growth

The durability of recycled duplex paper and board products will always be a point of contention, as fibre strength reduces with repeated recycling. This can result in product loss and is a market barrier that restricts demand for duplex paper and board.

However, applying binding agents while creating recycled materials greatly improves product strength, which promotes demand and income production for the Duplex Paper and Board industry.

Region-Wise Insights

How will Growth unfold in the North America Duplex Paper and Board Market?

Growing Food Industry Creating Opportunities for Duplex Paper and Board Manufacturers

North American markets are very mature when compared to those in other regions. The United States dominates the North American duplex paper and board industry, where food is likely to remain the leading end-user of folding cartons.

For example, the food industry in the United States is predicted to increase at a CAGR of 2.9% by the end of 2022, according to the Association for Packaging and Processing Technologies. Thus, due to the aforementioned reasons, North America is expected to possess 24% market share in 2022, registering a CAGR of 2.7% for duplex paper and board market in the assessment period 2022-2032.

How is the Duplex Paper and Boarding Market Faring in the Europe?

Growing Demand for Eco-friendly Packaging favouring Market Growth

Substantial market growth is expected in Europe, over the forecast period, owing to high paperboard demand from the packaging and manufacturing industries, as well as stringent government rules and regulations requiring the use of eco-friendly tools for packaging-related activities. Thus, Europe is expected to hold 17% of market share for duplex paper and board market in 2022.

How is the Duplex Paper and Board Market Progressing in Asia Pacific?

Expansion of the E-Commerce and Cosmetics and Personal Care Sectors Fuelling Rapid Adoption

In 2021, Asia Pacific was a significant market for duplex paper and board, driven by growth in the packaged food and cosmetic & personal care packaging industries. As a result, demand for duplex paper and board in Asia Pacific is likely to grow slowly over the next few years.

The Asia Pacific market is expected to grow rapidly. The expansion of the e-commerce and cosmetics and personal care sectors in countries like as India, China, and Japan is expected to drive demand for duplex paper and board in Asia Pacific throughout the projected period.

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