Market Research Blog – Page 11112 – New Product Development

Automotive Door Hinges Market Expectations and Growth Trends Highlighted Until 2031

Sluggish automotive industry growth through 2019 combined with disastrous downswings across 2020 induced by the coronavirus pandemic have significantly weighed down growth prospects for the global automotive door hinges market. Fortunately, rebounding car sales across markets such as China, combined with the enhanced scope for electric vehicles is likely to buoy the market through 2021, concludes ESOMAR-certified firm Future Market Insights, in its recently published report.

The anticipated upswing is noteworthy, considering a shortfall in global automotive production by over 4 million units in 2019. China, the global automotive powerhouse, contributed to the bulk of this decline, as tax rebates on automotive purchases were rescinded, and further exacerbated by the pandemic crisis. Moreover, projections by Fitch Ratings established 2% decline in US automotive sales to around 17 million units.

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Growth Avenues abound across the EV Market

While the aforementioned trends induced a downturn in the recent past, prospects are likely to be elevated with constant emphasis on boosting EV production. Accounting for over 2% of global automotive sales, the electric car fleet is expanding swiftly, driven by ambitious policy announcements, according to estimates by the International Energy Agency.

Spiking sales of key EVs such as Chevrolet Bolt, Mitsubishi Outlander PHEV and Tesla Model 3 have led to a wider growth scope for sales of automotive door hinges in 2020 alone. With proposed EV charging infrastructure expansion and an imminent business recovery on the card in the post pandemic world, key door hinge manufacturers are anticipated to capitalize on the ever widening EV market landscape, prompting a slew of innovations and product launches.

Key Takeaways

Hybrid steel based automotive door hinges to acquire an elevated market share amid growing demand for enhanced strength
By vehicle type, luxury passenger car door hinges to witness heightened sales
Regular maintenance cycles to cement aftermarket automotive door hinge sales through 2021
US to pivot North American market growth, attributed to stringent regulatory provisions concerning durability of automotive doors
Prolific manufacturing technology advancements to bolster UK growth prospects
Germany’s market growth banking on increasing future EV sales, emerging as the 2^nd largest European market
Post-pandemic recovery to post substantial gains across the Chinese automotive door hinges market

“Stringent automotive safety regulations to prevent accidents is prompting vehicle manufacturers to incorporate robust, lightweight yet durable construction material, accelerating growth prospects for automotive door hinge sales,” says an FMI analyst.

Competitive Landscape

According to FMI’s analysis, the automotive door hinges market is peppered with the presence of following players: Dura Automotive LLC, Magna International Inc., Aisin Seiki Co. Ltd., Gestamp Group, Multimatic Inc., Brano Group, DEE Emm Giken, ER Wagner, Midlake Products & Mfg. Company Inc., Pinet Industrie, Monroe Hinge, Rell Precision Manufacturing Inc., The Paneloc Corporation and Saint Gobain.

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Segmentation

By Sales Channel

OEM
After Market

By Material

Steel
Aluminum
Brass/Bronze/Composite Material

By Product Type

Front & Rear Automotive Door hinges
Tailgate Hinges/ Bonnet Hinges

By Vehicle Type

Passenger Car
- Compact
- Mid-Size
- Luxury
- SUV
LCV
HCV

By Region

North America
Latin America
Western Europe
Eastern Europe
MEA
SEA
China
India
Japan

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Food Grade Phosphate Market Size, Share, Top Vendors, Industry Trends, Growth, Recent Developments, Technology Forecast to 2032

The Global Food-Grade Phosphate is expected to have a staggering growth with a market value of USD 2,500 Mn in the year 2021 and is expected to have a robust growth registering a CAGR of 9.2% in order to achieve a total market worth of USD 6027.9 Mn by the year 2032.

Rapid consumer shift to high-health-quo food products has been identified to be the key factor affecting the performance of global food grade phosphates market over the next decade. In addition to escalating consumer preference for naturally-sourced food ingredients, increasing demand for minimal content of chemical components in processed food products will continue to curb the demand for food grade phosphates in the near future.

Ascending popularity of convenient processed foods can hardly forestall the decline of food grade phosphates market

Although the recent market scenario reflects growing sales of mineral-rich, functional, and fortified food products, FMI predicts that the overall growth of food grade phosphates will remain lethargic throughout the assessment tenure. Research points at immense diversity in convenience food products such as ready-to-eat (RTE) foods and ready-to-drink (RTD) beverages that consume a sizeable volume of food grade phosphates a major ingredient. Moreover, there exists a wide spectrum of food products display across retail formats, pushing the demand for food grade phosphates further.

The food processing industry has been generating consistent demand for food grade phosphates over the years – as a conventional agent for thickening, stabilization, and texture development. FMI estimates passive growth for the global food grade phosphates market, which is likely to be supported by sustained consumption of food grade phosphates by food processors. However, wide availability and sustained tendency of both manufacturers and consumers to prefer natural ingredients will remain the major roadblock to market growth over the next decade.

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Retail shelves adopting packaged foods with healthy phosphate ingredients may slightly uplift market scenario

Manufacturers are taking efforts in R&D of food grade phosphates with specific health benefits to appeal to an expanding consumer base seeking health and wellness through food. Moreover, retail players are expected to extend their offerings to include healthy processed foods that contain phosphates with health benefits. Some of the global retail leaders including Walmart Stores, Inc., Tesco PLC, Kroger Company, and Carrefour have already geared up in the game of enhancing their food products display – selling packaged foods that contain a plethora of ingredients such as additives. This will possibly fuel the demand for food grade phosphates in the near future.

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Asia Pacific to remain high-potential regional market with relatively

Food grade phosphate manufacturers are concentrating on strategies to expand within developing economies in the Asia Pacific rim to cater to increasing demand for phosphates from agriculture, food, and feed industries. The regional analysis of global food grade phosphates market concludes that Asia Pacific (excluding Japan) will continue to represent the most attractive growth opportunities to market stakeholders. However, although APEJ is anticipated to monopolize the food grade phosphates market with more than 60% value share through 2027, the overall regional market performance will continue to remain declining. According to FMI, emerging markets in APEJ hold immense growth potential but are strongly facing the challenges to growth due to the availability of a myriad alternate ingredients over food grade phosphates.

Key participants in the global food grade phosphates market landscape are foreseen to capitalize on existing opportunities for production capacity expansion in developing regional markets, as it may help them slash overall production costs for additional competitive advantage in terms of pricing and delivery. On other side, food grade phosphates are presumed to witness a slight uptake in North America’s market in the near future. Europe will however represent a passive market for food grade phosphates, as over three-fourth of European population already prefers foods that are devoid of any artificial additives or ingredients.

The report covers exhaustive analysis on:

How much is the Food-based Phosphate consumer market currently worth?
At what CAGR is the market expected to grow?
How was the performance in the last five years?
What are the key trends boosting Food-based Phosphate sales?
How are market players reacting to the new developments in the market?
How much share do the top 3 companies hold?
Which are the major countries driving demand for Food-based Phosphate?
Who are the major players in the Food-based Phosphate Consumer Market?

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

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T: +1-845-579-5705

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Watertight Doors Market – Future Scenario, Key Insights, Top Companies 2031

Watertight doors market witnessed sales of nearly 77,570 units by 2021 and is poised to register year on year growth of 6.7% in 2021. As per a study by Future Market Insights (FMI), buoyancy of the global watertight doors market can be attributed to-

Optimistic outlook of coastal and marine tourism
Surging rate of ocean-based activities
Rising focus on ship repair and maintenance
Flourishing seaborne transportation and trade

The watertight doors market worth will reach US$ 311 Mn in 2021, as per Future Market Insights (FMI) analysis. FMI projects sales of watertight doors to rise at a compound annual growth rate (CAGR) of 6.3% between 2021 and 2031.

The market exhibited a CAGR of 2.9% between 2016 and 2020. Despite impeded growth amid COVID-19 outbreak, the watertight doors market exhibited 6.7% year-on-year growth between 2020 and 2021.

Amid soaring competition, the top five players comprising, MML Marine Limited, REMONTOWA HYDRAULIC SYSTEMS Sp. z o.o., AdvanTec Marine, Westmoor Engineering Ltd., SeaNetGroup are expected to account for 10% of watertight doors market in 2021.

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Federal initiatives to promote marine safety have worked in favour of high-scale production of marine components, such as watertight doors. For instance, the Government of Canada is introducing additional measures for enhancement of navigation safety and emergency response in the Canadian waters.

The measures were presented in the form of an official announcement and acknowledged as a part of Canada’s ‘Oceans Protection Plan’. On 14^th June 2018, the U.S. Coast Guard announced two workforce initiatives in line with the ‘Marine Safety Program’. Particulars as such provide enough credence to the promising outlook of watertight doors market in 2019 and beyond.

“Investments in various forms of sustainable tourism, including coastal and marine tourism, is underway. This, in turn, has resulted in augmented production of marine vessels and associated components for safety, such as watertight doors. Rising vigor of ocean-based industries, such as offshore exploration and production, is supporting growth of offshore marine vessels and related components, including watertight doors”, says an analyst at FMI.

The report opines cruise ship revitalization and overhauls to be a prominent trend with profound influences on sales of watertight doors. The increasing demand for upgrading older ships by including advanced amenities and components is complementing the growth of building and repair activities, favouring high-scale production and sales of watertight doors.

As per the report, installation of hinged watertight doors is proliferating at an impressive rate, with global sales likely to cross 71,000 units in 2019. Robust watertight seal withstanding adverse conditions remains a key USP enhancing the visibility of hinged watertight doors over the sliding variants.

According to the report, end-users remain biased toward hydraulic as a viable source over electric ones in the watertight doors landscape, with global sales estimated to exceed 71,348 units in 2019. Hydraulic watertight doors have been traditionally employed in commercial and military vessels alike, owing to their attribute of greater power delivery through smaller force. Additionally, relatively higher control accuracy in light of simple push buttons and levers employed, and economic benefits owing to fewer moving parts equipped, are key demand determinants of hydraulic watertight doors.

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Manufacturers Seek Approvals From Renowned Organizations To Boost Credibility

The manufacturing framework of watertight doors witnesses major reformations in the light of evolving environmental concerns. Manufacturing companies are switching to sustainability-driven approaches, wherein production processes and value creation for the environment remain closely associated. Manufacturers of watertight doors are seeking approvals from prominent organizations providing marine classification, such as International Association of Classification Societies (IACS), to boost consumer confidence and get repeat sales

Leading manufacturers of watertight doors are vying to offer distinguishable products to gain competitive advantages amid homogeneous competitors, which will help them strengthen their brand equity. Sensing the end-user shift toward high convenience and superior functionality, manufacturers of watertight doors remain focused on offering maintenance free and easy-to-install products for seamless operations on board.

According to the report, the leading manufacturing companies are reinvigorating their technical know-how with high investments in research and development. This, in turn, is fostering their capabilities in terms of offering an ideal amalgamation of intelligent designs, enhanced longevity, and improved usability. Moreover, manufacturers are incorporating industry best drive systems in their products to offer reliable and safe products bolstering end-user convenience. As per FMI analysis, the industry giants remain involved in strategic collaborations with shipyards for seamless supply, which helps them boost their profit margins.

Watertight Doors Market: Segmentation

Product Type:

Hinged Watertight Doors
Sliding Watertight Doors

By Source:

Hydraulic Watertight Doors
Electric Watertight Doors

By Type of Vessel:

Commercial
Oil & Chemical Tankers
Bulk Carriers
General Cargo
Container Ships
Gas Carriers
Offshore Vessels
Passenger Ships & Ferries
Mega Yachts and Other Vessels
Military

By Region:

America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)

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The FMI report traces brimming opportunities in the watertight doors market for the forecast period of 2021-2031. As per the report, the watertight doors market is envisaged to grow at a volume CAGR of over 5.5% through 2031.

Key Points Covered in Watertight Doors Market Research

Market Estimates And Forecast 2021 – 2031
Key drivers and restraints impacting the 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 watertight doors Market And How to Navigate
Recommendations on Key Winning Strategies

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Fire Trucks Market is Set to Experience Revolutionary Growth by 2027

With surging industrial safety concerns and frequently evolving safety regulatory guidelines, fire trucks continue to witness significant technological innovation. To cater to stringent norms set by the US NFPA (National Fire Protection Association) and other government affiliated entities, manufacturers of fire trucks are focusing on equipment upgrade – translating into demand growth in the fire trucks market.

According to Future Market Insights (FMI), the fire truck market will expand by 3.0% year over year in 2022, reaching a value of over US$ 6,551.1 by the end of the year.

Below 4% Y-o-Y Forecast for Fire Trucks Market Revenue in 2022

The global fire trucks market has been witnessing emergence of specialized fire trucks in recent past, which is foreseen to be an important factor contributing to market growth. However, the approximately US$ 5 billion global landscape of fire trucks is projected for a sluggish below 4% yearly growth rate in 2022 and ahead. A new market intelligence on global fire trucks landscape forecasts a passive growth outlook for the market. High initial capital and relatively low penetration rate are prominently posing a challenge to the market growth, as indicated by the report.

A senior market research analyst adds further, “Even though the fleets of fire trucks are aging, they are not being replaced by the new ones at a considerable pace. While this is straightaway hampering the sales of new fire trucks, the entire scenario ultimately results in limiting the revenue growth of global fire trucks market. This is foreseen to be the situation in the long run, if the same continues over coming years”.

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Improving Scope of Rescue Fire Trucks to Uplift Market in Developing Regions

Developing regional markets, experiencing dramatic advancements in construction and infrastructure industries, are compelling various governmental and non-governmental bodies to impose strict regulatory and administrative codes. This, according to the report, will remain the key factor propelling demand for fire trucks across emerging economies, in coming years.

More than 55% sale of fire trucks is accounted by adoption for residential and commercial end use applications, followed by that in enterprises and airports. While the rampant expansion of construction industry is cited responsible for catering to the demand for fire trucks in residential and commercial sectors, developed regional markets are presumably driven by consistently progressing interest in adoption of the cutting edge technologies enabled fire mechanical assemblies and equipment. The report thus highlights relatively high rate of fire trucks purchase across economies such as the US, UK, France, and others in North America and Europe.

While Europe and North America remains the global manufacturing and operational hubs for key manufacturers of fire trucks, the report projects a strong possibility of developing regions serving significantly in reshaping the entire competitive scenario of fire trucks market. A large number of SMEs in the fire trucks space are rapidly shifting their manufacturing bases to progressing economies – including China, India, Russia, Brazil, and ASEAN countries, to capitalize on the inexpensive labor costs and lucrative opportunities arising in the residential and commercial segments. The report says that over the next few years, Latin American market for fire trucks is likely to witness emergence of Brazil and ROW as production hubs for fire truck manufacturers.

The demand for rescue fire trucks is slated to sustain in airports to cater to soaring terminal security demands. Research also points to sustained sales of ARFF (aircraft rescue firefighting) vehicles for rescue operations at airport terminals. With a significant upsurge in air traffic and a considerably increasing number of airlines as a global level, it is more likely that the fire trucks demand at airports would be sustained over coming years.

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Over 50% Market Value Share Belongs to Seven Leading Players

The top seven players in fire trucks marketplace account for more than half of the total market value, as indicated by research. The prominent companies competing in this fairly consolidated landscape are investing in strategic acquisitions and collaborations in an effort to reaffirm their market positioning.

Long-term contractual deals for reliable supply of specialized fire trucks are likely to strengthen strategic relationship between market leaders and key distributers. Expanding existing fire trucks portfolio, with maintaining the focus on novel technological innovations, leading manufacturers and suppliers of fire trucks that are actively operating across the global value chain are projected to prioritize fire trucks and equipment upgrade.

Although pumpers and tankers contribute majorly to total sales of fire trucks at present, the report indicates growing demand for aerial platform fire trucks and rescue fire trucks – likely to shape competitive manufacturing strategies of key manufacturers in the market. In the backdrop of the rate of natural calamities occurred in recent past, it is more likely that rescue fire trucks would experience growing demand.

Fire Trucks Market: Segmentation

On the basis of product type, the global fire trucks market has been segmented into:

Pumpers
Tankers
Rescue Fire Trucks
Aerial Platform
Other Speciality Trucks

On the basis of end users, the global fire trucks market has been segmented into:

Enterprise & Airports
Residential & Commercial Buildings
Military
Others

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Key Questions Answered in the Report

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What shape is the Fire Truck market expected to take, in terms of value and volume, during the forecast period?
What are the dominant market dynamics in the Fire Truck market?
How is the competition landscape at the moment and what are some of the trends in the Fire Truck market?
What are some of the underlying macroeconomic and industry factors impacting the growth of the Fire Truck market?

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Automotive Exhaust Manifold Market Analysis by Size, Share, Growth, Trends up to 2026

With a key focus on the development of new technologies, in line with stringent government regulations aimed at emission control, the demand for efficient automotive exhaust manifold systems is estimated to grow at a rather modest rate, in 2019, as indicated by Future Market Insights (FMI) in a recently published market intelligence report. As per the analysis, the global sales of automotive exhaust manifold systems is estimated to be valued at US$ 8.6 Billion, by the end of 2019, representing an annual growth rate of approximately 3.5 percent, during the said period.

Future Market Insights (FMI) has forecasted the global automotive exhaust manifold market to grow with a year on year growth of 3.8% in 2022 reaching a value of about US$ 9.7 Bn by 2022 end. The exhaust manifold is an important part of automotive exhaust systems as it keeps hazardous exhaust fumes out of the vehicle and away from the occupants. The global market is anticipated to witness a considerable CAGR of 3.7% during the period of 2022 and 2026.

Apart from comprehensively studying the key dynamics shaping the growth trajectory of the global automotive exhaust manifold market, FMI study also offers in-depth segmental analysis, under several categories including material, product, engine, vehicles, fuel, and sales channel.

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Demand for clean and efficient transportation is increasing, given the environmental concerns, stringent regulations regarding carbon emissions and footprint reduction initiatives taken by several governments, globally, will predominantly drive the sales of automotive exhaust manifold systems, in the coming years, predicts FMI.

Material Advancements for Strong, Durable Automotive Exhaust Manifold Systems

Top companies operating on the global automotive exhaust manifold systems market are increasingly developing efficient, durable, and long-lasting exhaust systems for a better load bearing capacity of the engines. Advancements in science technologies (for materials) in manufacturing industries have allowed players to use newly developed materials such as alloys of stainless steel, making exhaust manifolds durable and robust under extreme pressure and temperature conditions, apart from making the vehicles much lighter.

In addition, companies are also innovating novel exhaust system technologies, in agreement with government regulations such as Euro 6C, China National Standard V and VI, Bharat Stage VI. FMI anticipates significant innovations in the automotive exhaust manifold systems market in view of such emission regulations.

Key Takeaways from Segmental Analysis

In terms of materials, automotive exhaust manifold systems made of cast iron will gain a significant market share of approximately 64 percent, through the forecast period of 2018-2026, given the material’s contamination resistance, thermal stability and the strength needed for consistently high levels of performance and durability in several automotive application.
However, stainless steel will gain a substantial market share, post 2022, as favorable properties such as corrosion resistance, good strength and aesthetics gain high preference.
On the basis of vehicle type, the passenger car segment will exhibit maximum adoption of exhaust manifold systems, holding more than three-fourth of the market value share by 2026.
In term of product type, log manifold will dominate the automotive exhaust manifold systems landscape, with approximately 85 percent market share, given the product’s longer life and efficient operations in real time working conditions.
With nearly 88 percent market share, inline engines will exhibit maximum installations of exhaust manifold systems, given the engine’s balance compared to V line counterpart because of the equal weight distribution.
Sales of automotive exhaust manifold systems, through OEM channel will contribute the maximum revenue, versus aftermarket fitments.
APEJ is projected to hold a notable share in the global automotive exhaust manifold systems market, given the increasing investments by car manufacturers in developing markets and an ever-expanding urban landscape in the region.
Eastern Europe automotive exhaust manifold systems market is also likely to witness substantial growth, with Germany and France at the fore.

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Overview of Automotive Exhaust Manifold Market Structure

The global Automotive Exhaust Manifold market is a highly consolidated one with major players such as Tenneco Inc., Faurecia SA, Katcon, S.A. De C.V., Bentler Group, Eberspächer Climate Control Systems GmbH & Co. KG, Futaba Industrial Co. Ltd, Sango Group, Friedrich Boysen GmbH & Co. KG., Sejong Industrial Co. Ltd., Westcast Industries Inc. and Yutaka Giken Company Limited accounting for significant share of the global Automotive Exhaust Manifold market.

Automotive Exhaust Manifold Market Segmentation

Sales Channel

OEM
After Market

By Material

Cast Iron
Stainless Steel

By Product Type

Log Manifold
Tubular Manifold

Engine Type

Inline
V Line

Vehicle Type

Passenger Car
LCV
HCV

Fuel Type

Passenger Car
LCV
HCV

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Key Insights from Competition Tracking

Competition in the automotive exhaust manifold systems market is projected to remain significantly high with top companies contributing nearly 60-70 percent to the market. The market for automotive exhaust manifold systems is anticipated to remain consolidated over the forecast period, as per FMI.
Demand and supply curve of automotive exhaust manifold systems is estimated to remain on the linear side, through the forecast period.
Key companies are diligently concentrating on increasing its production so that they are able to meet the global demand for automotive exhaust manifold systems.
Investments in research and development will increase, further driving the production of novel automotive exhaust components. Collaborative developments via a partnership with research institutes and industry players to pave the way for innovative products.
Key players are also projected to enter in joint ventures and acquisition for strategic positioning in regional markets, while also increasing their profitability and create growth opportunities.

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Food Waste Management Market to Create Business Opportunities Worth US$ 83.26 Bn By 2032 | FMI

The increasing food loss and wastage has led to a growing focus on decreasing the total volume of waste produced while increasing efforts to bring about sustainability in food waste management worldwide. The global food waste management market is anticipated to be valued at US$ 62.6 Bn in 2022. Future Market Insights (FMI) projects that the food waste management market will see a significant CAGR of over 6.4% during 2021 – 2032.

Food loss, coupled with ecological risks, is leading to a growing need for sustainability and effective food waste management facilities. The amount of food thrown away is increasing at an astounding rate each year. World Bank reports “What a Waste 2.0: A Global Snapshot of Solid Waste Management to 2050” in 2022 which anticipates more than 3 billion tons of waste to be generated annually by 2050. This signals a sharp increase from the current volume, i.e. 2 billion tons.

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According to the United States Environmental Protection Agency (EPA), more than 38 million tons of food waste was generated in 2014, with a mere five percent diverted from incinerators and landfills. EPA estimates that food accounts for 21.6% percent of discarded municipal solid waste generated in the country. Food losses and waste bring to light the inefficiency of food value chains and food systems, which cause a fall in overall food availability.

Key Takeaways – Food Waste Management Market Study

The food waste prevention segment is expected to rank relatively high on the attractiveness index in the global food waste management market. In 2022, the food prevention segment is anticipated to dominate the market.
Food loss and wastage occurs at each node of the supply chain, from primary production to final end consumption.
According to FMI survey, it is observed that around 85% to 90% of the overall food wasted in the developing economies is in the supply chain, including producers, processors, distributors, transportation & logistics, and retailer levels. In developing economies, food loss usually occurs in the earlier stages of the supply chain as a result of limited technology, inadequate infrastructural facilities, unfavorable climatic conditions, and insufficient processing and lack of marketing.
In contrast, developed economies witness food losses and wastage to a substantial extent at the downstream stages of the supply chain.
In 2019, food processing wastes is estimated to dominate the food waste management market by waste type.
Rising preference for animal food production from food waste is expected gain traction in the food waste management market in the foreseeable future. Animal Feed, followed by fertilizers, are anticipated to remain the largest end-use segment globally during the forecast period.
Increase in promotional activities and investments in renewable energy generation are leading to the growing market prospects for food waste management in North America. High demand for renewable energy and development in infrastructure encourages new players operating in recycling and processing food waste market.

Players in the food waste management market could strengthen their positions by introducing services in the rural areas where the concentration of food waste management companies is relatively low.

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Technological Developments to Enhance Prospects for Food Waste Management Organizations

Increasing participation of small and mid-size enterprises in the global food waste management market provides opportunities for innovation in services offered by waste management companies. Through the development of innovative technologies such as shelf-life extension technology, companies operating in the food waste management market are able to expand their global footprint by leveraging the regulatory implications.

Scope Of Report

Attribute	Details
Market Size Value in 2022	US$ 62.6 Billion
Market Forecast Value in 2032	US$ 116.4 Billion
Global Growth Rate	6.4	%
Forecast Period	2022-2032
Historical Data Available for	2017-2021
Market Analysis	MT for Volume and US$ Bn for Value
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA
Key Countries Covered	United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Benelux, Russia, Poland, China, Japan, India, ASEAN, Australia and New Zealand, GCC countries, Turkey, South Africa, and others.
Key Market Segments Covered	Services, Waste type, and End-use and Regions
Key Companies Profiled	Waste Management, Inc. Advanced Disposal Services, Inc. Republic Services, Inc. Waste Connections Inc. Clean Harbors, Inc. Stericycle, Inc. FCC Environment Ltd. CT Environmental Group Ltd. Veolia Environnement SA Recology Inc. DeIorio’s Foods Inc. Others

Know More About What the Report Covers

Future Market Insights, in its new offering, offers an unbiased analysis of the global food waste management market, presenting historical demand data (2012-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the food waste management market based on the service (prevention, collection, transfer, recycling, and landfill), waste type (food production wastes, food processing wastes, distribution and supply chain wastes, retail wastes, and consumption wastes), and end-use (animal feed, fertilizer, renewable energy & biofuels, and others) across seven major regions.

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

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Motorcycle Chain Sprocket Market Future Trends, Industry Size and Forecast to 2027

Future Market Insights (FMI) has projected the global motorcycle chain sprocket market to grow with year-on-year value growth of 5.7% in 2022 reaching a value of about US$ 2,315.1 Mn by 2022 end.

Demand for motorcycle chain sprocket, in Asia Pacific, is expected to grow at a steady year-on-year rate of 5.3 percent, in 2019, as per a recently released market intelligence study by Future Market Insights (FMI). Motorcycle chain sprocket being the lightest transmission possible compared to gear mechanism, in addition to being highly cost-effective in terms of manufacturing versus gear trains, will significantly contribute to the sales of motorcycle chain sprocket, in the coming years.

A chain and sprocket are employed when the distance between shafts is higher than the gearing’s intended size. A bike uses a chain and sprocket because the specified distance between shafts makes gear-to-gear meshing difficult. The chain holds the wheel sprocket and transfers the engine power into forwarding speed by turning the wheel. The global motorcycle chain sprocket market is anticipated to witness a considerable value CAGR of 6.2% during the period of 2022 and 2027.

Moreover, apart from ease of installations and servicing, lightweight feature of the chain sprockets will remain the most rewarding factor, thereby, increasing its installations in motorcycles. FMI forecasts that global motorcycle chain sprocket market revenues will reach approximately US$ 1.9 Billion, by 2019-end. The size of the market is based on estimates of the number of chain sprockets shipped, during the same time period.

“The global market for motorcycle chain sprocket continues to grow with increasing product and sales of motorcycle specifically in emerging markets, paradigm shift towards light weight vehicle components to control the automobile emission and increase the vehicle life, and flourishing aftermarket for motorcycle chain sprocket determined by factors, such as distance driven, number of vehicles in operation, and ownership time” Senior Analyst, FMI.

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Electric Bikes and Tax on Luxury Items Continue to Strain Revenue

However, several government initiatives such as the introduction of electric bikes—aimed at controlling vehicular pollution, could substantially restrict the demand for conventional motorcycles, and thereby chain sprockets used in such vehicles. China, being one of the largest markets for two-wheelers is aggressively promoting electric bikes for transportation, considering its low cost, energy efficient, emission-free systems, and no license and registration.

Tax on luxury items has considerably increased in some markets of Asia Pacific, such as India. The Indian government has increased the tax to 31 percent on conventional motorcycles with engines greater than 350cc, which in turn could slow down the sales of luxury and heavy engine capacity conventional motorcycles. Furthermore, Singapore has adopted a new system of additional registration fees (ARF), which will add more costs to conventional motorcycles and therefore, render them expensive, leading to a decrease in the sales of conventional motorcycles and adversely affect the motorcycle chain sprockets market.

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Competition to Remain Relatively High; Manufacturers Favor APEC Markets

The top 8 companies in the global motorcycle chain sprocket market are estimated to hold approximately 16-21 percent of the overall market in terms of value.
Tsubakimoto Chain Co., Regina Catene Calibrate Spa, Jomthai Asahi Co.,Ltd, L.G.Balakrishnan & Bros Ltd., and Rockman Industries Ltd. are some of the leading global and local manufacturers of motorcycle chain sprockets.
While the tier-1 and tier-2 companies generate over US$ 50 Mn and between US$ 20 Mn to US$ 50 Mn through the sales of motorcycle chain sprocket, respectively, the tier-3 companies generate less than US$ 20 Mn, as per the report.
Focus remains on manufacturing low maintenance and high efficiency motorcycle chain sprocket to improve the overall functioning and life of drive chain.
Manufacturers are focusing on entering into long-term supply contracts with OEM of two wheelers in order to gain a strong hold in the domestic markets of APEC.
Apart from expanding its product portfolio, manufacturers of motorcycle chain sprockets are also focusing in expanding their production or sales capacities in developing regions.
FMI predicts heavy investments in research and development initiatives to bring innovation in the manufacturing processes to develop differentiated products.

Regionally, developing regions are expected to remain highly lucrative for new market entrants given the easy availability of raw materials and minimal infrastructure requirements combined with lack of stringent government regulations, thereby creating a favorable investment environment.

Apart from key market influencing dynamics and competitive landscape, FMI also offers an in-depth segmental analysis—on the basis of motorcycle type (standard, cruiser sports, and mopeds and others), engine capacity (up to 150 cc, 151-300 cc, 301-500 cc, and above 500 cc), chain type (standard rolling chain, O ring chain, and X ring chain), and sales channel (OEM and Aftermarket)

Market Segmentation

By Engine Capacity

Upto 150 CC
151-300 CC
301-500 CC
Above 500 CC

By Chain Type

Standard Rolling Chain
O Ring Chain
X Ring Chain

By Motorcycle Type

Standard
Cruiser
Sports
Mopeds & Others

Sales Channel

OEM
Aftermarket

By Region

North America
Latin America
Europe
China
APEC
MEA

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Key Questions Answered in the Report

How has the Motorcycle Chain Sprocket market evolved in the past four years?
What shape is the Motorcycle Chain Sprocket market expected to take in terms of value during the study period?
What are some of the prevailing market dynamics in the Motorcycle Chain Sprocket market?
What are some of the competition developments and trends affecting the Motorcycle Chain Sprocket market?
What are some of the underlying macro-economic and industry factors impacting the growth of the Motorcycle Chain Sprocket market?
What are the important key challenges, opportunities and improvement factors for Motorcycle Chain Sprocket market players?
What are the important market positioning and key strategies of key service providers as per the Motorcycle Chain Sprocket market taxonomy?
How is the competition structured at present and how has it evolved in the Motorcycle Chain Sprocket market over the past few years?

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Motorcycle Suspension System Market Study: An Emerging Hint of Opportunity by 2029

As per changing consumer buying behavior, motorcycle suspension system is gaining stature as a key performance indicator in motorcycles. The growth of the motorcycle suspension system market is directly related to the production and on-road fleet of two wheelers. Motorcycle suspension system market is anticipated to reach ~US$ 2,381.6 Mn by the end of 2029 and is expected to grow at ~4.7% CAGR in the forecast period of 2022-2029. Rising usage of motorcycles for recreational purposes is resulting in increasing demand for shock absorbers for long-distance touring.

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Motorcycle Suspension System Market Key Takeaways

Establishing long-standing direct sales-supply agreements with automotive OEMs is a key winning strategy for market participants in the motorcycle suspension system market.
A suspension system is one of the few noticeable components and is now gradually turning out to be among the deciding factors while purchasing a motorcycle.
Suspension systems these days are being marketed as USPs of vehicles during new launches and advertisements by key players.
Increasing recreational activities, including off-road biking, are an unevolved opportunity for market players to launch specific suspension systems to gain competitive advantages.
Rising traffic congestion is an inescapable condition resulting in lengthy commutation time. This, in turn, is a key factor responsible for the inclination of customers towards motorcycles and is expected to subsequently contribute to the growth of the motorcycle suspension system market in the coming years.
In the current scenario, scooters are trending as compared to conventional motorcycles, owing to their easy handling, good stability, and low price range. Scooters are being preferred by all age groups, especially aged citizens, teenagers, and females.
Passive motorcycle suspension system technology is anticipated to remain popular across the globe in the motorcycle suspension system market.

New players at global and regional levels can reap rich benefits by focusing on replacement and aftermarket sales, riding on the new trend of retrofitting and customizing motorcycles.

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Motorcycle Suspension System Market: Segmentation

The global motorcycle suspension system market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product

Front Suspension
- Telescopic Fork
- Others
Rear Suspension
- Dual Shocks
- Mono Shocks
- Others

Sales Channel

OEMs
Aftermarket

Technology

Passive
Active/Semi-active

Motorcycle

Standard
Cruiser
Sports
Scooter
Mopeds
Others

Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excl. Japan
Japan
Middle East & Africa

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ASEAN Countries Emerging as Growth Hub for Market Players

The motorcycle suspension system market is fairly consolidated, with key market players such as Gabriel India Limited, ZF Friedrichshafen AG, Showa Corporation, KYB Corporation, and BMW Group accounting for significant share of the total market value. The participation of local companies carrying technical licensing agreements with foreign brands has substantially contributed to the development of the motorcycle production and assembly market in ASEAN countries.

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Pharmaceutical Filtration Market Overview, High Growth Opportunities, Segmentation, Trends By 2022

According to Future Market Insights, the pharmaceutical filtration market is expected to record a robust CAGR of 6.1% for the period from 2017 to 2022.

Active pharmaceutical ingredients are a key component of the pharmaceutical industry in the 21^st century. Filters are essential in a number of cases during the course of API creation and are necessary in bioscience laboratory applications as well. An increased production of large biologics and molecules, nano fibre technological advancements, generic market growth, and regulatory guidelines for cleanroom pharmaceutical production are the main factors driving the pharmaceutical filtration market. Additional funds diverted towards R&D expenditure by major biopharmaceutical organizations also boost the profile of the pharmaceutical filtration market

Manufacturing has the major portion of the revenue share in the pharmaceutical filtration market by operation in 2017 and is likely to remain so throughout the duration of the forecast period. The manufacturing segment is expected to cross a value of more than US$ 9.3 billion by end 2022 making it imperative for companies to be present in this operation segment of the pharmaceutical filtration market. The pilot scale segment follows at a considerable distance but cannot be overlooked entirely in favour of manufacturing. The pilot scale filtration segment has strong scope in North America as the continent represents a little over a third of the pharmaceutical filtration market and is estimated to retain this share going forward

The cell separation segment comprises slightly above a sixth of the pharmaceutical filtration market by application and is predicted to lose popularity in the future. Nonetheless, the North America cell separation market alone is on track to push past a billion dollars by end 2022 and companies are advised to take this into account while devising their business strategies. The water purification segment has a similar revenue share to the cell separation segment in the pharmaceutical filtration market by application. After North America, the water purification segment is particularly prominent in Europe
In terms of technology, microfiltration is quite popular as it contributes nearly half the revenue share in the pharmaceutical filtration market in the year 2017. Furthermore, microfiltration is anticipated to witness a high CAGR of more than 5.5% for the period 2017-2022 ensuring that all key stakeholders have ample opportunity in this lucrative technology. Ultrafiltration is not as prominent as microfiltration in the pharmaceutical filtration market but is gaining traction recently. Ultrafiltration technology has the greatest scope in both North America and Europe as these two continents are projected to cross a billion dollars in terms of value by end 2022
North America is the largest region in the pharmaceutical filtration market and is poised to grow to more than US$ 6 billion by end 2022
The report has profiled a few of the companies in the pharmaceutical filtration market. These include The Marmon Group LLC, Sartorius Stedim Biotech, Meissner Filtration Products, Parker Hannifin Corporation, Pall Corporation, Merck KGaA, GE Healthcare Inc., Eaton Corporation Plc., Amazon Filters Ltd., and 3M Companies.

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Key Segments:

Pharmaceutical Filtration Market Taxonomy

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Product Type

Membrane Filters
Prefilters and Depth Media Filters
Single-use Systems
Cartridge & Capsule Filters
Filter Holders
Filtration Accessories
Other Products

Scale of Operation

Manufacturing Scale
Pilot Scale
R&D Scale
Application
Final Product Processing
Raw Material Filtration
Cell Separation
Water Purification
Air Purification

Technology

Microfiltration
Ultrafiltration
Nanofiltration
Other techniques

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Cardiac Surgery Devices Market Segmentation by Revenue, Present & Future Scenario To 2027

Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’ has studied the cardiac surgery devices market and expects it to record a CAGR of 3.7% and be worth over US$ 2 Bn by end 2027.

The perfusion disposables segment represents a considerably larger market opportunity than either catheters, beating heart surgery systems, or heart lung machines in the cardiac surgery devices market.

The perfusion disposables segment is predicted to be worth more than US$ 800 Mn in 2017 alone with oxygenators contributing the lion’s share of this.

By the end of the forecast period, the segment is on track to push past US$ 1.1 Bn, making it a particularly lucrative segment in the cardiac surgery devices market as its attractiveness index is 2.0.

A greater acceptance of heart lung machine tables is expected to benefit the adoption of perfusion disposables in the cardiac surgery devices market.

Nearly a third of all the global deaths can be attributed to cardiovascular diseases and it is the main cause of death in the U.S., responsible for 17% of national healthcare expenditure.

The American Heart Association estimates that 40% of the American people will suffer from cardiovascular ailments in 2030 and the direct cost of these would skyrocket to approx. US$ 820 Billion.

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Well-developed Medical Infrastructure Makes North America Keep its Crown

North America has a world-class medical infrastructure coupled with a population that is rapidly ageing and suffering from cardiopulmonary disorders.

This combination all but ensures that the region is larger than both Western Europe and APEJ combined in the year 2017 with a value of just under US$ 555 Mn.

North America is on track to witness a CAGR of 4.1% for the period 2017-2027 that should see the market in the region touch US$ 830 Mn by end 2027.

Most new developments are centred in North America and its high acceptance of modern technology make it an extremely lucrative region in the global cardiac surgery devices market.

Minimally Invasive Surgery Gaining Traction in Cardiac Surgery Devices Market

Coronary artery bypass grafting is anticipated to be the largest contributor in the cardiac surgery devices market by procedure in 2017 and it is unlikely to cede this position anytime soon.

However, modern advancements in cardiopulmonary bypass techniques, surgical approaches and incisions have made minimally invasive surgery increasingly popular in recent times.

Minimally invasive surgery has the advantage of reduced surgical trauma and decreased pain and this is anticipated to propel the cardiac surgery devices market in the long term.

In terms of CAGR these two segments hold the top position in the global cardiac surgery devices market, with coronary artery bypass grafting recording a value CAGR of 3.5% and minimally invasive surgery registering a 4.1% CAGR in terms of revenue during the forecast period.

Focus on Hospitals over Ambulatory Surgical Centres in the Cardiac Surgery Devices Market

The hospitals segment is larger than the ambulatory surgical centres segment by end user in the cardiac surgery devices market and this trend is predicted to continue for the foreseeable future.

An attractiveness index of 1.1 and a market opportunity of almost US$ 1.2 Bn by 2027 end should make all major companies actively target the hospitals end user segment in the cardiac surgery devices market.

Company Dashboard

The companies actively involved in the global cardiac surgery devices market that have been profiled in the report include Biotronik, Braile Biomedica, Cook Medical Inc., Estech, Abiomed, Smith Medical, MicroPort Scientific Corporation, Edwards Lifesciences Corporation, Angiodynamics, Teleflex Incorporated, C. R. Bard, Inc, B. Braun Melsungen AG, Getinge-Maquet Germany Holding GmbH, Terumo Corporation, LivaNova PLC, Lepu Medical technology Co ltd., Boston Scientific Corporation, Medtronic, and Abbott Laboratories.

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Important takeaways

The increasing preference for minimally invasive surgical procedures is one of the recent trends seen in the cardiac surgery devices market.

In the last decade, minimally invasive cardiothoracic surgery has grown by leaps and bounds mainly because of the reduced pain and surgical trauma after this procedure.

Even though coronary artery bypass grafting is much larger at present, key stakeholders are advised to focus on minimally invasive procedures as patients will almost certainly prefer this form of treatment.

In addition to this, the beating heart surgery system type could see widespread adoption in the days ahead.

ABOUT FUTURE MARKET INSIGHTS, INC.

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