Sales In The Global Industrial Robotic Motors Market Are Slated To Top US$ 1.1 Bn In 2022

A new market research study by Future Market Insights on the industrial robotic motors market contains global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the industrial robotic motors market, and provides critical insights for the forecast period of 2022-2029.

The global industrial robotic motors market is expected to grow significantly over the forecast period, owing to a number of driving factors such as high demand for robots across end-use industries, rapid growth of automation, and implementation of global energy-efficient norms, according to the report’s findings.

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The global industrial robotic motors market was valued at ~US$ 1.1 Bn in 2022, and is projected to increase at a CAGR of ~ 13.4% during the forecast period. This growth is significantly driven by the progressing automation in factories, installation of robots in a wide spectrum of service applications including healthcare, agriculture and defense, and implementation of modern robotic solutions.

The ongoing need for non-delay operations in a number of industries, in the view of rising product demand and shrinking workforce, has led to an incessant rise in the adoption of robotic technology, and the result is likely to lead to an increased demand for industrial robotic motors, according to the FMI analyst.

East Asia Continues to Offer Considerable Growth Opportunities

Growth prospects of the industrial robotic motors market are high in East Asia. The market in China has particularly been on a significant rise, owing to the fact that the robots are being incorporated in solutions as well as services. Substantial growth of the robot industry has been an eminent factor in the enhancement of industrial robotic motors in different sectors for South Korea. The rapid decrease in the workforce and the restricted influx of immigrants provide a strong incentive for robotics in Japan.

The inclination of these countries toward industrial robotic motors, fueled by major technology developments, is amplifying the market. In terms of growth, South Asia & Pacific region is estimated to project maximum growth rate in the coming years, owing to rapidly increasing automation in several manufacturing industries actively operating in the developing countries.

Market Growth Underpinned by Rapid Adoption of Robotics Across Numerous Industrial Sectors

The global industrial robotic motors market has been segmented based on the different types of Motor, Robots, Fit type, and regions such as East Asia, South Asia Pacific, Europe and Middle East & Africa and the Americas.

  • Servo motor, under the motor category is expected to have the paramount share of market in the upcoming years. The segmental growth is followed by DC and stepper motors for handling certain procedures including pick and place where accuracy is not a prior parameter taken into consideration in the manufacturing operation.
  • Based on robot, articulated robot is expected to account for a prominent share of the global industrial robotic motors market. This line of growth is followed by SCARA, Cartesian/Gantry, Dual arm, Collaborative and Delta robots respectively which are expected to have a fair portion in the market development.
  • Based on fit type, first fit segment is expected to have a dominant share in the industrial robotic motors, owing to increasing rate of new installation of robots across the globe. The estimated life span of a motor used in industrial robots is around 5 years, therefore retro fit segment, is expected to account for a minimal in the market.

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Industrial Robotic Motors Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial robotic motors market. Few examples of key players in the market are Nidec Corporation, FAULHABER Group, PMDM Group, HDD, Aurotek Corporation, Kollmorgen, Fanuc Corporation, ABB Group and Kawasaki Heavy Industries among others.

The global industrial robotic motors market is considerably dominated by prominent market participants. These players are indulging into strategic collaborations, alliances, mergers and acquisitions. For instance, Nidec Corporation announced its establishment to form a joint venture to manufacture automotive traction motors with a subsidiary of China-based Guangzhou Automobile Group Company.

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Epoxy Putty and Construction Chemicals Market Development Status, Competition Analysis, Type and Application

Construction chemicals are broadly used for waterproofing repairs, bonding agents, crack and expansion joint fillers, tile adhesives, retarders, plasticizers, air entraining compounds accelerators and others. Epoxy putty is a hardening substance utilized as a space-filling adhesive in the construction industry.

Construction chemicals are mainly classified into product segments such as protective coatings and sealers, grouts and mortars caulks and adhesives, cement and asphalt additives and polymer flooring and others. All such construction chemical products are widely used in the end-user industries such as residential construction, non-residential construction and non-building construction.

The rising demand from the rapidly growing construction industry across the globe, especially the Asia Pacific region, is expected to drive the global epoxy putty and construction chemicals market in the next few years.

The U.S. is the largest consumer of construction chemicals and epoxy putty across the globe and is closely followed by Europe and Asia Pacific regions. Latin America, Africa and the Middle East account for smaller portion of the market. Asia Pacific is expected to be the fastest growing market for epoxy putty and construction chemicals the next six years.

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The major reason for this is the growing demand from developing countries such as China, India and South East Asian countries such as Thailand, Indonesia, Vietnam and Malaysia. In addition, the countries in the geographies such as Africa, South America and the Middle East are showing remarkable economic growth since the last few years.

These nations largely include South Africa, Brazil, Saudi Arabia, Egypt, Jordan, Qatar and Israel. Additionally, the U.S. and the European economies are gradually recovering from the economic slowdown.

All such economic, industrial and demographic factors are ultimately creating a positive prospect for the global industrial scenario. Considering this positive industry outlook, construction and related industries are anticipated to record a staggering growth in the next six years.

There is a mammoth market potential for the construction industry in the countries such as India, China, Indonesia, Qatar, Thailand and Brazil due to rapid infrastructure development taking place in these countries.

Moreover, countries like Brazil and Qatar are hosting giant events such as Olympics and FIFA world Cup in the next few years and are developing numerous state-of-the-art stadiums and other infrastructure for those events. Owing to this, the demand for construction related products is expected to grow at a notable rate in the next few years.

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This will eventually generate a huge demand for epoxy putty and construction chemicals in these emerging nations. The major infrastructure companies are focusing on these developing nations for tapping their gigantic market potential in terms of infrastructure projects. The key producers of epoxy putty and construction chemicals are installing robust production facilities in these growing countries to meet the rising regional demand.

Therefore, the global epoxy putty and construction chemicals market is expected to witness a substantial growth in the next few years.

Some of the major companies operating in the global epoxy putty and construction chemicals market are 3M Company, Akzonobel N.V., Adco Inc., Arkema S.A.,  Albemarle Corporation, Ashland Inc., Bolton Group, BASF SE, Bostik Inc., Pidilite Industries Ltd.,  Cementaid (N.S.W.) Pty. Ltd., Cico Technologies Ltd.,   Chryso S.A.S.,   E. I. Dupont De Nemours and Company,   Lafarge S.A., Fosroc International Ltd., Mapei South Africa Pty. Ltd., Muhu (China) Construction Materials Co. Ltd., Conmix Ltd., RPM International Inc., Sika AG,  Terraco Holdings Ltd., Selena FM S.A., The Dow Chemical Company and W.R. Grace and Co. among 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 categories such as market segments, geographies, types and applications.

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Backflow Preventer Market Is Expected To Exhibit 3.7% CAGR By 2031 End, Future Market Insights Inc.

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 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.

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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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Polyurethane Resins Paints and Coatings Market Outlook, Current and Future Industry Landscape Analysis

Polyurethane resins are produced by the reacting polyalcohol and an organic di-isocyanate. Polyurethane resins are extensively used in applications such as surface coatings, footwear, furniture and packaging. Polyurethane resin paints are characterized by properties such as high durability, toughness, easy cleaning and high gloss.

Owing to these properties, polyurethane resin paints finds wide spread applications across the globe. Polyurethane resin paints are also used where high performance is expected, in applications such as oil-rig towers, warehouses, industrial plants, heat resistant coatings, bridges etc.

Paints perform the vital role of protecting the surfaces from rust and weathering, increasing durability and also increasing the visual appeal of the products. Polyurethane resin paints are used in various applications such as wood coatings, aircraft coatings, construction etc. The demand for polyurethane resin paints is expected to witness strong growth from the furniture segment where polyurethane resin paints are used to paint the surface of wooden furniture.

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Interiors and furniture coating is one of the major end-user industry of polyurethane resin paints. Polyurethane resin paints are used are used for applying protective layer over wooden furniture in order to protect the wooden surfaces.

Economic growth in Asia Pacific and Latin America coupled with growing disposable income in these regions, have led to an increase in demand for furniture products and this in turn is expected to drive the demand for polyurethane resin paints and coatings used in furniture applications. Polyurethane resins coatings are also used for marine applications across the globe.

Other applications where polyurethane resin paints and coatings can be used include heavy duty exterior and interior structural coating, exterior surfaces of steel tanks, clean rooms, conveyors, chemical processing equipments, paper mills, power plants, offshore structures, oil field machinery, handrails, etc.

The demand for polyurethane resin paints and coatings is also expected to see robust growth from the marine industry. Increasing demand and sales of leisure boats globally is expected to drive the demand for polyurethane resin paints and coatings market in the near future.

The demand for boats has seen a significant increase in countries such as U.S further adding to the demand for polyurethane resin paints and coatings. Growing construction activities globally is also expected to increase the demand for polyurethane resin paints and coatings in the next few years. Polyurethane resin paints and coatings are also used for applying protective base layers to various products.

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The demand for polyurethane resin paints and coatings from automobile sector is also anticipated to exhibit strong growth in the next few years.

In terms of consumption Asia Pacific was the highest consumer of polyurethane resin paints and coatings followed by North America, Europe and Latin America. In Asia Pacific, China and India were the major markets for polyurethane resin paints and coatings.

The demand for polyurethane resin paints and coatings is higher in these countries on account of growing disposable income in this region and growing expenditure on furniture and interiors. In Latin America, Brazil is the major market for polyurethane resin paints and coatings.

The demand for polyurethane resin paints and coatings is also expected to be high in Middle East and African countries on account of growing construction activities in these regions.

Some of the major companies operating in the global polyurethane resin paints and coatings market are BASF SE, Sherwin Williams, Henkel, Lubrizol, DSM, and Arkema among 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 categories such as market segments, geographies, types and applications.

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Global Colorimeter Market To Grow With An Year-On-Year Growth Of 8.1% In 2022 Reaching A Value Of About US$ 797.3 Mn By 2022 End

Future Market Insights, in its new study, reveals that the global colorimeter market is estimated to be valued at ~US$ 797.3 Mn in 2022, and expand at a CAGR of ~7.5% during the forecast period of 2022-2029. Gains remain primarily fuelled by the increasing usage of colorimeters in rapidly expanding end-use sectors such as food & beverages, pharmaceuticals, paints & textiles, chemical, and water utilities.

Colorimeters are used to detect colour and calculate solution concentration. Colorimeter demand is rising because of expanding water utilities and food & beverage industries which are majorly contributing to the market growth.

Colorimeters are in demand for the study of materials, such as consumer electronics, vehicles, food items, and plastics in which colours are among the crucial parameters. In addition, the need for conducting constant environmental analysis, which includes water quality and analysis of soil components, has been on the rise, as factors such as global warming and pollution are affecting the quality of natural content. As a result, colorimeters are gaining significant traction among researchers, scientists and laboratory experts for the testing of environmental factors.

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Lucrative Growth Opportunities in North America & East Asia

Regions such as North America & East Asia are anticipated to hold significant share in the colorimeter market in terms of value. In East Asia, China will continue to offer greater opportunities for the colorimeter market players, in the view of rapidly expanding water utilities and food & beverage industries to sustain the needs of growing populace.

Some macroeconomic factors such as increasing contribution of water utilities towards GDP growth, heavy investments in research and development, significant growth of end-use industries, and strong presence of manufacturers in the region are also playing a role in shaping the market for colorimeters. In sequence, the analytical testing instruments manufacturing industry of East Asia is gaining substantial and positive momentum, which is forecasted to drive the growth of the colorimeter market in East Asia.

There are stricter regulations for water utilities for environmental monitoring in North American countries, especially in the US. Therefore, the demand for colorimeters is expected to increase considerably during the forecast period, at a significant CAGR.

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Portable Colorimeters to Witness High Demand

In the FMI’s study, the colorimeter market has been analysed across various regions such as North America, Latin America, Europe, Middle East & Africa, East Asia, South Asia, and Oceania, in terms of product, portability, and end use.

In recent years, portable colorimeters are gaining higher traction over their stationary counterparts, though the latter continues to account for greater share in the global market. FMI’s study finds that the sales of color densitometers will remain higher than that of color photometers, due to their increasing usage in the manufacturing of food & beverage and water utility industry.

While increasing application of colorimeters in oil & gas industry continues to influence the growth strategies, manufacturers are tapping into newer opportunities in automotive, pharmaceuticals, food & beverages, paints & textiles, chemical, research & educational institutes, agriculture, water utilities, healthcare, automotive & transportation, and electronics.

Colorimeter Market: Vendor Insights

The report highlights some of the prominent market players that are holding significant shares of the colorimeter market. Some of the prominent players in the global colorimeter market are Thermo Fisher Scientific, Inc., Danaher, Konica Minolta Sensing Americas, Inc., Xylem Inc., Hanna Instruments, and PCE Instruments.

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North America Toilet Seat Market is Predicted to Surpass a Total Valuation of US$ 1,445.1 Million by 2032

According to a recent report by Future Market Insights (FMI),North America toilet seat market is expected to surpass a valuation of US$ 1,445.1 Mn at a CAGR of over ~5.4% through 2032.

Growth in the market is underpinned by rising adoption of smart toilet seats as they are more hygienic and facilitate hyper convenience. This is expected to drive the sales of toilet seats in North America over the forecast period (2022-2032).

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Smart toilet seats incorporate new technical features like heated surfaces, and bidet toilets operated with remote control technologies. These toilet seats are easy to install and also are highly rated in case of convenience and comfort, especially for feminine hygiene.

Few smart toilet seat concepts also incorporate some the additional features like LED lights, and many others. This feature of LED lights helps provide the users with optimal light intensity during dark nights for guidance. These LED lights are sensor-operated.

Such developments of smart toilet seats that are a perfect blend of styles, designs, and technology are likely to facilitate future growth in the toilet seat market. As the preferences for smart premium toilet solutions is rising, the concept of the smart toilet seat is likely to successfully fuel market growth.

Key Takeaways from the North America Toilet Seat Market Study

  • Toilet seats that provide therapeutic benefits are also available in the market that is light-weight and portable.
  • Online sales are expected to register high growth as people have now shifted towards online buying amid the covid-19 outbreak.
  • In the case of material type, plastic toilet seats are highly popular in the market as they preferred by mass population and are also economic in terms of price range.
  • In terms of country analysis, the US is dominating markets together accounting for a market share more than 79% as the penetration and the adoption of products is high in the country.

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Who is winning?

 Major players present in the toilet seat market are Kohler Company, Bemis Manufacturing Company, Gensey Industries Inc, Roca Sanitario SA, Hamberger Sanitary, Villeroy and Boch Company, Aosman Sanitary Ware Company, Ltd, Huida Sanitary Ware Company Ltd., LIXIL Group Corporation, TOTO Ltd, and among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the North America toilet seat market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

North America Toilet Seat Market By Category

By Product Type:

  • Standard Toilet Seat
  • Smart Toilet Seat

By Shape Type:

  • Round/U-Shape
  • Elongated

By Material Type:

  • Plastic
  • Stainless Steel
  • Aluminium
  • Vinyl
  • ABS
  • Polypropylene
  • Wood
  • Others

By Price Range:

  • Below US$ 50
  • US$ 50-US$100
  • US$ 100 and Above

By End Use:

  • Residential
  • Commercial
    • Hotels/Restaurants
    • Corporates/Enterprises
    • Hospitals
    • Salons & Spa
    • Public Places
    • Others (Malls, Airports, etc.)

By Sales Channel:

  • Wholesalers/Distributors
  • Multi-Brand Stores
  • Specialty Stores
  • Hypermarkets/Supermarkets
  • Independent Small Stores
  • Online Retailers
  • Other Sales Channel

By Country:

  • US
  • Canada

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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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Aromatic Ketone Polymers Market Recent Trends, Demand, Dynamic Innovation in Technology & Insights

Aromatic ketone polymers belong to the family of aromatic hydrocarbons and are also known as Poly Aryl Ether Ketones; abbreviated as PAEKs. PAEKs are thermoplastics that are crystalline in nature and are characterized by good mechanical properties, thermal stability, chemical and solvent resistance, temperature and fire resistance and excellent electrical performance.

PAEKsare a group of three aromatic polymers that include – Poly Ether Ether Ketone (PEEK), Poly Ether Ketone (PEK) and Poly Ether Ketone Ketone (PEKK). Aromatic ketone polymers are one of the highest valued high-performance polymers used across several industries. Their high cost is due to their exceptional characteristics, which justify theirhigher prices.

The key driver of the aromatic ketone polymersmarket is fuel efficiency and affordable manufacturing. Aromatic ketone polymers are compatible with the oils and chemicals with which they are used. They also resist the severe chemical environments of their application areas. PEEK is used engineering applications such as in the fabricationof pistons, pumps, high-performance liquid chromatography (HPLC) columns, valves, compressors and insulators,owing to its sturdiness.

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PEEK is fully recyclable, melts at 343°C and is one of the few plastics compatible with ultra-high vacuum applications. PEEK is finding use in the medical sector for relatively small, yet remarkable applications. It is used as a biomaterial in medical implants such as spinal fusion devices and reinforcing rods.

Another major application is in thermal insulation due to its capacity to withstand elevated temperatures. Presently, conventional metal material is being replaced by plastics and with a material such as aromatic ketone polymers, the shift to plastics is bound to happen.

In the engineering industry, the demand for high performance polymers, the need for miniaturization as well as innovation is increasing exponentially. For example, cellphone customers currently want a slim mobile phone that is extremely tough, durable and comes installed with excellent software and numerous applications. While plastic delivers a light, supple and cost-effective and easily adaptable material to the cell phone industry, the software and applications are entirely a different market.

PEEK is the principal type of aromatic ketone polymer that accounts for over80% of the global aromatic ketone polymer production. The global PEEK market is projected to grow at a CAGR of 8 to 10% between 2014 and 2020. Europe is largest market for PEEK in terms of value and volume.

The largest consumer of aromatic ketone polymers isWestern Europe and the U.S., followed by Japan.

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China and Western European countries are expected to record the highest growth rate collectively during this period. The key players in the global aromatic ketone polymers market include Lions Apparel, Inc., ASTM International, Perfect Polymers, ISMAT, Gharda Chemicals Limited, Solvay Specialty Polymers, PanjinZhongrun High performance Polymers, JIDA-Evonik High Performance Polymers, Tri Town Precision Plastics, Inc., Caledonian Ferguson Timpson Ltd., Prototype & Plastic Mold Company, Darter Plastics, Inc. and Victrex Polymer Solutions. The global PEEK market is forecast to surpass US $ 1 Bnby 2020.

By type, the PEEK market is segmented into three : unfilled, carbon filled and glass filled. PEEK finds application in automotive, aerospace, medical, electronics, electrical and industrial sectors.

Carbon fibre-reinforced (CFR-PEEK) composites are used in the manufacture of components used in hip replacement and joint replacement procedures. The scope of application areas for CFR-PEEK is anticipated to widen in thefuture. Aromatic ketone polymers are creating newer opportunities and will grow in popularity due to the ability of the materials to solve numerous challenging engineering-related problems.

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

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About FMI

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Tool Holders Market Reaching A Value Of About US$ 1,173.4 Mn By 2022 End

Global demand for tool holders, specifically arising from the automotive and defence and aerospace industries, will witness a relatively steady growth between 2022 and 2028, as predicted by Future Market Insights (FMI) in its recently released market intelligence report.

While emerging economies, particularly the manufacturing sector, will drive demand for tool holders, China, given the region’s robust manufacturing and industrial output, is likely to make significant investments in high performance cutting tools.
The favourable scenario and policies, infrastructure, and steps being taken to promote business, particularly in the manufacturing sector, will have a positive impact on the tool holders market, providing enormous opportunities for investors in other developing countries such as the Philippines and Bangladesh.

While the demand for tool holders will be largely driven by emerging economies, in particular the manufacturing sector, China is likely to make substantial investments in high performance cutting tools, considering the robust manufacturing and industrial output in the region. In other developing countries such as Philippines and Bangladesh, the positive scenario and policies, infrastructure, and steps, which are being taken to promote business, especially the manufacturing sector, will have a positive impact on the tool holders market offering huge opportunities for investors.

As per the report, the global tool holders market will top US$ 1 Billion by 2019. Moreover, growing demand for high precision products with increased output capacity is propelling the demand for advance tool holders in the global market, opines FMI.

Key Market Insights at a Glance:

  • The demand for tool holders is anticipated to grow at a moderate pace over the forecast period.
  • Asia Pacific is estimated to hold a prominent share of the global tool holders market.
  • Initiatives by regional governments are likely to encourage the movement of low-cost manufacturing towards parts of South-East Asia, thereby creating healthy growth prospects create healthy growth opportunities in Asia Pacific region.
  • China will remain the largest consumer of machine tools, followed by U.S.
  • The tool holders market is consolidated with Tier-1 players accounting for significant shares.
  • The top three players of the market are estimated to account for more than a 50% market share.
  • On the basis of types of tool holder, hydraulic tool holders segment is slated to remain a high value – high growth segment.
  • In terms of end-use, general machining and fabrication and the automotive industries are likely to push maximum revenue into the tool holders market. The two end-use industries are estimated to collectively account for around 47% value share in the global tool holders market.
  • BT Flange Taper will remain the most preferred taper type among CNCers, in terms of volume and value, given its high degree of accuracy and precision, in any high-speed machining operations.

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Takeaways from Competitive Landscape Analysis

  • In a moderately consolidated landscape, tier-1 companies such as Kennametal Inc., Sandvil AB, and BIG DAISHOWA Group among others hold approximately 55-65 percent market share.
  • Tier-2 companies, on the other hand, hold nearly 35-45 percent market share. Such companies include Guhring, Inc., CERATIZIT GROUP, KYOCERA UNIMERCO A/S, Kemmler Precision Tools GmbH, and Haimer GmbH among others.
  • Key players are projected to focus on enhancing product quality by implementing new technologies, tough and long-lasting equipment and consumables materials with added features at a competitive price.
  • Top companies are also looking to target major manufacturing industries such as metal fabrication and automotive by offering high cutting accuracy with increased productivity.

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Europe Antifreeze Coolant Market By System Type, End User, Region, Industry Analysis and Forecast

Anti-freeze coolants are used in automobiles, HVAC systems, and heat exchangers to facilitate heat transfer process in adverse cold weather conditions. Also, they prevent overheating of the vehicle in summer. These are antifreeze agents or chemicals that are added in water in a certain proportion. This mixture is called an anti-freeze coolant.

Antifreeze coolants ensure workability and performance of engines and heat exchangers. Chemicals predominantly used as anti-freeze agents include propylene glycol, ethylene glycol, methanol, and glycerol. Adverse cold climatic conditions and automotive demand from relatively colder regions across the world maintain stable volumes of demand across the world.

Other applications of antifreeze coolants are found in aerospace, industrial applications, and the electronics industry. Typical application in aerospace includes development of anti-icing and de-icing materials.

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Chemicals utilised in the manufacture of anti-freeze coolants are toxic in nature and are derived from conventional energy sources. These chemicals are not eco-friendly. Owing to this concern, efforts are being made to develop chemicals such as propylene glycol from renewable sources or materials such as corn,stover, oil bearing crops, and other bio-based resources.

Recycled ethylene glycol from processes such as distillation, reverse osmosis, and ion exchange is also gradually making its mark in the market for utilisation as an engine coolant. Recent research and development efforts are also being undertaken to explore opportunities in utilisation of 1,3 Propanediol and glycerin in development of coolant-based fluids.

Anti-freezing coolant has growth potential with the rising demands of the automobile and aerospace segments. Analysis shows that the European market, due to its geographical location, is the most lucrative market followed by APAC and North America for anti-freezing coolants. In Europe, 75% of freight is transported through roads.

Most countries in Europe witness snowfall which hampers the efficiency of transportation in Europe. This is the main reason for anti-freezing coolants finding a prominent place in Europe. Besides this, around 16.2 million automobiles are manufactured across 25 countries in Europe.

Also, most of the high performance four wheeler companies are located in Germany, UK, France, Italy and Poland. The demand for heavy trucks and light vehicles across Europe will fuel the anti-freeze coolants market.

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The aerospace segment is the next big enduse segment for anti-freeze coolants. The European aerospace market is the global leader in aerospace product exports. France, UK, and Germany are home to the leading aerospace manufacturers followed by Poland, and Sweden. Heavy financial investment is made in R&D for the aerospace sector. Stabilisation of the European economy in future will increase the demand for effective anti-freezing coolants.

APAC is the next potential market after Europe. Rise in demand for passenger vehicles in emerging economies such as China and India will drive the anti-freeze market vertically upwards.

North America is the next lucrative market for business enterprises offering anti-freeze coolants. The automotive industryhas been expanding its business in the Canadian, USA and Mexican markets. This expansion will offer a lucrative market for anti-freeze coolants manufacturers. Canada and Mexico will see a CAGR growth of 8% in automotive coolants.

The aforementioned technological advancements, usage and application across automotive, heat exchangers and aerospace segment are expected to drive growth in consumption of these coolants across the world.

Advancements in aerospace and automotive technologies are likely to trigger healthy double digit growth in the anti-freeze coolant market which may even lead to 1.5 times the growth of the conventional coolants market.

Some of the players identified in the marketplace include DOW Chemical Company, Chevron, BASF, Kost USA 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.

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It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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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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Inflatable Tents Market Has Forecast To Register Year-On-Year Growth Of 7.6% By 2028, FMI

The global inflatable tents market has forecast to register year-on-year growth of 7.6%, reaching a value of about US$ 969 Mn by the end of 2022.

Preliminarily driven by military and commercial applications, inflatable tents are witnessing healthy sales in recent years. At an estimated 7.5% year on year revenue growth in 2019, the market for inflatable tents is likely to exceed US$ 750 Mn.

According to a newly released intelligence study by Future Market Insights, a majority of the growth of inflatable tents landscape will remain concentrated in developed markets – especially in the US and Western Europe. However, inflatable tents landscape is on the verge of discovering a promising growth scenario within Asia Pacific in the coming years, as indicated by the report.

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North America & Europe Make up for most of the Revenue in Inflatable Tents Landscape

The US alone is the massive revenue generator in the global inflatable tents landscape, as over a million US-based families have been camping each year in the recent past. On the other side, Europe inhabits a vast millennial population that frequently plans adventure tours and camping activities, directly encouraging sales of gear such as inflatable tents.

North America currently holds just-under 1/3rd share of the global revenue, which is clearly attributed to the widening application base in military and adventure tourism. Whereas, growing demand for inflatable tents for personal applications is shaping the European market.

Segmental Analysis of Inflatable Tents Landscape

  • Based on the type of inflatable tents, self-erecting tents that are currently covering the most of market revenue share, continue to enjoy higher sales owing to their high convenience quotient. Hybrid tents on the flipside represent a lower value share in inflatable tents market.
  • On the basis of shape of inflatable tents, dome shaped tents continue to dominate over the coming years. However, tunnel shaped inflatable tents are likely to represent a higher incremental opportunity.
  • By end use of inflatable tents, military holds more than 50% share of the total market value at present, which is predominantly driven by storage and medical applications that attract substantial revenue to the military segment. An equal incremental opportunity is projected for both segments, i.e. military and personal by 2020.

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Key Insights Drawn from Competitive Landscape Analysis of Inflatable Tents Market

The global market for inflatable tents is a highly fragmented competitive landscape governed by a large number of small players, accounting for the lion’s share in the total revenue. The Tier 1 players include both private and public companies that have strong global presence; however, they account for a mere 25% share in the inflatable tents market value.

  • Regional players are taking concentrated efforts in strategizing brand management and promotion.
  • Consolidation of sales and distribution network is a priority for an enhanced market footprint.
  • Retail store expansion and strengthening of direct-to-consumer channel are emerging popular trends among manufacturers, especially regional brands.
  • The focus on inflatable tent sales through Ecommerce is zooming in with an objective of achieving maximum market penetration.
  • Price optimization is likely to be a priority for players looking forward to entering developing markets for inflatable tents.
  • Improved raw material and product quality through technological innovation is being increasingly considered as a key strategy for better RoI.
  • Beyond poly cotton, development of lightweight raw materials is attracting R&D interests of inflatable tent manufacturers.

About Us:
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.

Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
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For Sales Enquiries: sales@futuremarketinsights.com
Latest Report: https://www.futuremarketinsights.com/reports/
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