Market Research Blog

Global rotary indexer demand is anticipated to be valued at US$ 800 Million in 2022, forecast to grow at a CAGR of 3.2% to be valued at US$ 1,096.16 Million from 2022 to 2032. Growth is attributed to increased demand for silicone elastomers, especially across the automotive and construction industries.

Rotary indexers offer various features such as controlled acceleration and deceleration, shaft or flange output, smooth motion, repeatable and accurate positioning, quick setting time and a capacity for high speed and high load. Generally, two types of rotary indexers are available in the market, namely precision ring drive and compact ring drive.

Rotary indexers are primarily utilized for accurate and dependable positioning of medium parts in various machining operations such as drilling, tapping, milling, contouring and spiral milling.A rotary indexer is a rotatory motion equipment that realizes the intermittent movement. Rotary indexers are widely adopted in automated assembly machineries and the selection of proper mechanism is essential for both minimizing the cost of the component and maximizing performance.

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Regional Outlook

North America, led by the United States, is anticipated to hold a substantial share in the global rotary indexer market during the forecast period. Growth in electronics and automotive assembly units across the U.S. is expected to assist the sales of rotary indexers in North America. The Europe rotary indexer market is expected to be next in line, followed by Asia-Pacific.

Sales of rotary indexers in Asia-Pacific, led by China, Japan and India, is expected to grow at a significant pace in the near future. Middle East & Africa and Latin America are expected to account for small shares in the global rotary indexer market over the forecast period; however, the demand is expected to grow at a significant rate over the forecast period.

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)

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

Key Player:

Examples of the key players involved in the global rotary indexer market include A Dover Company, WEISS North America, Inc., Sankyo Automation, Nexen Group Inc., TAKTOMAT, TAN TZU Precision Machinery Co., Ltd., Colombo Filippetti S.p.A., Haas Automation, Inc., Quality Vision International Inc., Cam Division System (Bettinelli group), Hardinge Inc. and others.

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

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Key Segments Profiled in the Rotary Indexer Industry Survey

Rotary Indexer by Type:

• Heavy Duty Rotary Indexer
• Light Duty Rotary Indexer

Rotary Indexer by End Use Industry:

• Rotary Indexers for Automotive
• Rotary Indexers for Electronics
• Rotary Indexers for Medical & Healthcare
• Rotary Indexers for Pharmaceuticals

Rotary Indexer by Application:

• Rotary Indexers for Machine Tools
• Rotary Indexers for Semiconductors
• Rotary Indexers for Automated Welding
• Rotary Indexers for Medical Packaging
• Rotary Indexers for Robotics
• Rotary Indexers for Assembly Cutting System

Rotary Indexer by Region:

• North America Rotary Indexer Market
• Latin America Rotary Indexer Market
• Western Europe Rotary Indexer Market
• Eastern Europe Rotary Indexer Market
• APEJ Rotary Indexer Market
• Japan Rotary Indexer Market
• Middle East & Africa Rotary Indexer Market

The woodworking circular saw blades market is projected to reach a valuation of US$ 68.3 Mn by the end of 2029, as per the latest report by FMI.The rise in the cost of raw materials such as roundwood and timber has increased manufacturing costs and reduced profit margins.

The global woodworking circular saw blades market is expected to grow at a CAGR of 4.4 percent from 2022 to 2029, with a value of US$ 50.4 Mn in 2022. Shipments of woodworking circular saw blades are expected to be worth US$ 68.3 million by 2029.

This is expected to boost sales of powerful and efficient saw blades, reducing material waste and increasing productivity. Furthermore, carbide material for circular saw blade tips provides abrasion resistance, kerf reduction, longer service life, and the ability to saw thick and strong woods.

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Key Findings from the Woodworking Circular Saw Blades Market Research

• Sales via various online platforms are gaining popularity, as these sites allow customers to select products based on their needs. To gain a significant market share, many retailers and distributors are focusing on offering their products through online platforms.
• Increased use of furniture in the commercial and residential sectors, as well as the use of wood as a thermal and electrical insulator in the industrial and manufacturing sectors, are expected to boost sales of woodworking circular saw blades, with the timber and wood processing industries performing admirably.
• Demand for woodworking circular saw blades is expected to rise due to increased demand for woodworking operations in the manufacture of household furniture and the use of wood in the design of basic utilities in commercial constructions. With the increased use of circular saw blades for small-scale operations, the market for 100 – 200 mm diameter blades is expected to grow significantly.

“Rising demand for woodworking circular saw blades for plumbing and carpentry, as a result of their inherent dependability, such as accuracy, ease of use, and precision, creates a favourable environment for the growth of the woodworking circular saw blades market.”

Market Analysis of Woodworking Circular Saw Blades

The global woodworking circular saw blades market is fiercely competitive, with a large number of organised and unorganised players active in the global market. The global woodworking circular saw blades market is dominated by Freud Tools, Robert Bosch GmbH, Stanley Black and Decker, and Homag Group. Key players are concentrating on producing diverse blades for efficient performance in various operations.

Asia Pacific Offering Lucrative Opportunities for Market Growth

The demand for woodworking circular saw blades is expected to gain significant traction in the coming years, owing to flourishing residential and commercial construction activities in developing countries of the Asia Pacific region. Rising demand from the furniture industry is expected to drive the sales of saw blades during the forecast period. High use of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to propel the growth of the woodworking circular saw blades market.

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More Valuable Insights on Woodworking Circular Saw Blades Market

The research report provides thorough assessment and future forecasts of the woodworking circular saw blades market on the basis of five primary segments listed as follows: mode of operation, blade type, diameter type, distribution channel, and end-use industry. The report provides comprehensive information about global market sizing, key market manufacturers, and regional perspective for market. The report also provides important dynamics of the woodworking circular saw blades market. The scope of the research includes woodworking circular saw blades with carbide tips or complete carbide blades utilized in the woodworking industry.

Future Market Insights (FMI) states that, power transformer market revenue grew by 10% between 2019 and 2021, reaching US$ 21.9 billion in 2021 with a healthy CAGR of 4.6%.The power transformer market grew by 4% year on year in 2021, owing to increased efforts to incorporate modern energy solutions into existing power systems and high demand for efficient and reliable power supply.

Power transformers are essential components of power grids because they help with power transmission between networks with minimal frequency change and loss. Increasing investments in the expansion of power grid networks and distribution channels to enable electricity access in remote areas will drive demand for power transformers in the coming years.

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The emphasis on upgrading the existing power grid network with modern energy technology for flexible, secure, efficient, and reliable power supply will emerge as a key growth driver.

Power transmission systems capable of handling the flow of stored and renewable energy throughout the grid system are being developed by market participants. The development of systems for the efficient management of electricity transmission and distribution as part of disaster recovery efforts, as well as the redefining of electrical grids to reduce operational costs and lead times, will have a positive impact on market growth in the future.

Key Takeaways from FMI’s Power Transformer Market Study

• The North American power transformer market is expected to grow at a 3 percent CAGR due to the increasing need to replace old power grid networks with modern and efficient equipment and the growing supply and demand gap for electricity in the United States and Canada.
• During the forecast period, the Europe power transformer market is expected to grow at a CAGR of 3.2 percent. The increase in growth can be attributed to rapid electrification and increased investment in the region’s transmission and distribution networks.
• Rising public awareness of CO2 emissions, increased electricity consumption, and increased efforts to electrify rural areas will drive demand for power transformers in India.
• China is expected to provide lucrative opportunities as a result of increased investment in power grid infrastructure development and the country’s thriving mining and oil and gas industries.
• In 2021, Japan and South Korea will account for 7% of the global power transformer market. These countries’ key growth drivers are industrialization, increased efforts to close the energy supply and demand gap, and the imposition of energy-efficient laws and standards.

According to the FMI analyst, “increased demand for upgrading traditional transmission systems to sustain high voltage power transfer and incorporation of smart grids will boost demand for power transformers in the coming years.”

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Who is the victor?
Future Market Insights discusses the strategies used by market players to strengthen their market position and highlights the key trends emerging in the power transformer market.

Leading market players control 35% of the global market. They are concentrating on new product development, such as green transformers, to reduce their carbon footprint, as well as establishing production and supply operations in key high-demand demographics such as South East Asia. Furthermore, key players have increased production outputs and relocated manufacturing plants to developing countries in order to reduce lead times and operating costs.

Prominent players operating in the power transformer market are:-

• ABB
• General Electric
• Siemens AG
• Toshiba Corporation
• Schneider Electric

For instance, in July 2021, General Electric won orders for manufacturing 45 units of 765 kV transformers from Power Grid Corporation of India Limited (PGCIL) for the new sub stations to be constructed in Rajasthan, India. The new transformers will dissipate around 8.1gigawatt (GW) of green power from the state’s solar energy zones.

The global walk-in coolers and freezers market is estimated to be worth around US$ 9.52 Bn in 2022. With rising trend of installing customized walk-in coolers and freezers, the overall market is projected to expand at a robust CAGR of 5.7% between 2022 and 2029, reaching a valuation of US$ 14.05 Bn by 2029.

Consumer acceptance of frozen and processed foods, as well as an increase in demand for efficient refrigeration facilities to store and maintain the shelf life of these products, point to a brighter future for the walk-in coolers and freezers market. Future Market Insights (FMI) estimates global sales of walk-in coolers and freezers at $8.6 billion in 2022 in its new report.

The growing penetration of walk-in coolers and freezers in developing regions is opening up new growth opportunities in the global walk-in coolers and freezers market. These refrigeration products are becoming more popular as a result of their increased capacity to store and preserve sensitive products while also extending their shelf life.

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Digitalization and smart technologies continue to influence numerous product developments and demand-side dynamics, and walk-in coolers and freezers are no exception. As consumers show marked preference for efficient yet custom-sized units, manufacturers are leveraging technological advancements to develop unique product features that fulfil specific customer requirements.

“Walk-in coolers and freezers are witnessing transformations under the influences of smart technologies and digitalization, and consumer preference for customized yet efficient equipment has led manufacturers to emphasize application-specific features in new product development”.

According to the study, key players in the walk-in coolers and freezers market also remained focused on improving energy efficiency of their products, considering the continuous changes in energy conservation standards for various commercial and industrial equipment including walk-in coolers and freezers. These players are continuously putting efforts on improving quality of their offerings, while investing in innovative developments that would yield substantial improvements for customers.

Walk-in coolers and freezers with self-contained refrigeration continue to account for higher share as compared to remote condensing and multiplex condensing. Considering the suitability of self-contained refrigeration in almost any application along with ease of service and maintenance, this category also continues to witness higher innovation and investments.

According to the study, the walk-in coolers and freezers market shows a high level of fragmentation, and therefore, several market players are focusing on forging strategic alliance with other players to improve their market shares. Manufacturers are also focused on offering products that can be custom designed to fit any settings along with several add-on features to increase convenience and ease-of-use.

FMI’s research study also offers a long-term perspective and thorough analysis on opportunities present in the walk-in coolers and freezers market for the period between 2022 and 2029. As per the study, the global walk-in coolers and freezers market is projected to register a CAGR of 5.6% during the forecast period.

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Gains Remain High from Commercial Kitchens & Restaurants

Walk-in coolers and freezers continue to gain high traction from commercial kitchens and restaurants, which are widely used to preserve raw foods and grocery items. As international fast food chains and café outlets continue to explore opportunities in various attractive destinations, demand of walk-in coolers and freezers has been on an upward swing across the globe.

North America and Europe have been the early adopters of commercial kitchens and restaurants; however, they are reaching their saturation point. Walk-in cooler and freezer manufacturers are tapping into opportunities in developing countries in East Asia, where multi-cultural environment, changing eating habits, and rising disposable income have opened avenues of growth for commercial kitchens and restaurants. Moreover, walk-in coolers and freezers market in East Asia is likely to take over the Europe market in the future.