Model Based Manufacturing Technologies Market is estimated to register a CAGR of over 8% by 2031

In recent years, the manufacturing industry has witnessed sluggish growth owing to various macro-economic factors such as Brexit concerns, fluctuations of oil prices, and foreign trade policies. Tech developments in model-based offerings are expected to play a key role in the future of the sector. According to a recent report by Future Market Insights (FMI), the global model-based manufacturing technologies market is estimated to register a CAGR of over 8% during the forecast period of 2021-2031.

Performance requirement among manufacturers from new tool and equipment designs for higher efficiency is increasing. This has encouraged industrial manufacturers to focus on developing technology platforms and new operating models that enable connected products and services for integration to their customer operations.

This trend of technological development is expected to support growth of the market. Moreover, rapid technological advancements in the automobile industry, have resulted in an increase in demand for model-based manufacturing technologies to improve economic competitiveness.

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Key Takeaways: Model Based Manufacturing Technologies Market

  • The cloud deployment segment will reflect relatively faster growth with a CAGR of 8.7%, owing to the benefits of remote access.
  • Large enterprises are estimated to contribute over 59% of the overall market. However, small and medium enterprises (SMEs) are likely to reflect a strong CAGR of above 8%.
  • Among end-use industries, the automotive segment is anticipated to hold the dominant share of 23.8% in 2021, backed by the rise of IoT connectivity opportunities.
  • The U.S. is projected to account for over 81% of North America owing to adoption of next-gen emerging technologies.
  • The market in India is expected to progress at a noteworthy CAGR of more than 13% through 2031, driven by an expanding automotive sector.
  • The U.K. market is expected to rise at a CAGR of close to 10% over the coming decade, with impetus from research and development programs.

COVID-19 Impact Analysis on Model Based Manufacturing Technologies Market

The covid-19 pandemic has adversely affected the global manufacturing industry. This disruption has brought attention to some of the leading challenges faced by the industry and have also highlighted the need to speed up production to boost supply chain resilience. In addition, the economic uncertainties have resulted in pressure on manufacturers to bring down costs while increasing overall efficiency.

Model based manufacturing technologies are likely to create a safer working environment by using automated manufacturing assets which use intelligent decision-making algorithms and networked sensors. Model-based manufacturing technologies facilitate goods and service operations, mitigating the severity of industrial chain disruption. Hence, the model-based manufacturing technologies market is estimated to grow at 6% to 7% Y-o-Y from 2019 to 2021.

Who is Winning?

Leading manufacturers in the moderately consolidated model-based manufacturing technologies market are focused on product and services development endeavors, while also pushing for geographical expansion strategies to leverage previously untapped markets in emerging economies.

Leading players in the market include but are not limited to Aspen Technology Inc., Oracle Corp., SAP SE, Honeywell International Inc., Ibaset Inc., Autodesk Inc., PTC, Inc., Siemens PLM Software Inc., Rockwell Automation, Inc., Dassault Systemes, Schneider Electric SE, ABB Ltd., Seabrook Technology Group, Vero Software Ltd. Sogeti High Tech SAS, KPIT Technologies Limited, General Electric Company, Statii Ltd., CNC Software, Inc., and Cimatron Technologies, Inc

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Model Based Manufacturing Technologies Market by Category

By Solution:

  • Software
    • Manufacturing Execution Systems (MES) Software
    • Material Requirements Planning (MRP) Software
    • Product Lifecycle Management (PLM) Software
    • CAD/CAM Software
    • Manufacturing ERP Software
    • Others
  • Services
    • Professional Services
    • Managed Services

By Deployment:

  • Cloud
  • On-premises

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • Automotive
  • Electronics and Semiconductors
  • Aerospace and Defense
  • Oil & Gas
  • Healthcare & Pharmaceuticals
  • Food & Beverages
  • Others

By Region:

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

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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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Force Sensors Market is projected to surpass US$ 5,286.2 Mn by 2029

The force sensor market revenue totaled ~US$ 3,448.8 Mn in 2021. The force sensor market is projected to surpass ~US$ 5,286.2 Mn by 2029, growing at a CAGR of 5.5% for 2022 – 29. Force sensor market accounted for around 3% of global sensor market.

The force sensors such as load cell, capacitive, piezo-resistive, piezo-electric are majorly used for monitoring & control and test & measurement of industrial applications. The growing adoption of force sensors in medical devices, is expected to fuel the demand of force sensors in coming years.

A force sensor plays an integral role in industrial automation industry. With increasing penetration of robotics, there has been increased adoption of an integrated miniature version of force sensors. Significant adoption of force sensors for robotic applications such as deburring, grinding, and drilling will continue to account for substantial revenue generation in the global force sensor market. The adoption has also been remarkable in robotic medical systems.

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Key Takeaways – Force Sensor Market Study

  • Automotive and medical & healthcare industries would remain key end users of force sensors. These two verticals currently account for a collective market share of nearly 40%.
  • Rising demand for portable medical devices and assist machines for emergency medical treatment is likely to push the adoption of force sensors by healthcare industry at a higher rate.
  • In-house development of paper force sensors for musical applications is expected to create new growth opportunities in force sensor market.
  • The capacitive force sensor will continue to lead the way in force sensor market throughout the projection period.

Medical & Healthcare Industry Turning into a Hub of Opportunity

Growing emphasis on improving the quality of healthcare services offer significant opportunities to force-sensing technology developers. Increasing demand for force sensor in various healthcare applications such as infusion pumps, patient weight monitoring systems, physical therapy, surgical staple guns, and oxygen tank monitoring are expected to create new and lucrative opportunities for manufacturers in the force sensor market. However, long regulatory approval processes and counterfeit semiconductor components are major challenges that may hamper the growth of the force sensor market.

Product Innovation to Remain Key Strategy

Key vendors focusing on force sensor platforms are strategizing to develop and innovate new products related to intelligent force measuring technology in order to achieve full global coverage and offer precise global force measurement services.

  • In September 2019, Haehne GmbH launched intelligent force measuring technology with IO-Link. This IO-Link interface for force tension sensors is used for force measurement 4.0. The IO-Link from HAEHNE is a global data interface with intelligent two-side communication for data transmission among the plant control systems and the force measurement sensors in the field.

Applications of Force Sensor Technology in Musical Industry

The market scenario is expected to change in the foreseeable future after the introduction of advanced and cost-effective force sensors and sensing solutions for the musical industry. Manufacturers are also focusing on offering force sensor products for various applications such as electronic drum triggers, keyboard after touch, foot pedal controllers, programmable mixed arrays, and interactive dance floors. These factors are creating potential growth opportunities for developers and providers of force sensors.

More About Force Sensor Market Study

In this report, the global force sensor market is tracked in terms of value, and is calibrated to obtain the market revenue estimates across different regions. To understand and evaluate these opportunities in the force sensor market, the market is segmented into four major sections such as product type (load cell, capacitive, piezo-resistive, piezo-electric, others), application (monitoring & control and test & measurement), end user (automotive, medical & healthcare consumer electronics, clothing & textile, food & beverage, manufacturing, aerospace & defence, oil & gas, construction, agriculture, and others), and region.

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By Product Type, Force Sensor Market is segmented as:

  • Load Cell
  • Capacitive
  • Piezo-resistive
  • Piezo-electric
  • Others(Optical)

By Application, Force Sensor Industry is segmented as:

  • Monitoring & Control
  • Test & Measurement

By End-User, Force sensor Industry is segmented as:

  • Automotive
  • Medical & Healthcare
  • Consumer Electronics
  • Clothing & Textile
  • Food & Beverage
  • Manufacturing
  • Aerospace & Defense
  • Oil & Gas
  • Construction
  • Agriculture
  • Others

By Region, Force sensor Sales is segmented as:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East & Africa

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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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Industrial Energy Management System Market is surpassing a valuation of US$ 50.30 Bn by the end of 2028

Industrial Energy Management System Market is forecast to expand at a robust CAGR of 8.5% between 2022 and 2028, surpassing a valuation of US$ 50.30 Bn by the end of 2028.

The energy conservation emergency has led to a rise in the dependency on industrial energy management systems. These systems are responsible for efficiently managing various industries and their consumption of energy by industrial applications. The complexities of an industrial application are handled by energy management systems as they optimize the energy balance, reduce energy consumption, increase productivity, and reduce the coal gas discharge. Several governments across the globe are also encouraging the adoption of industrial energy management systems by industries, creating a favourable scenario for market growth.

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Businesses Embracing Cloud Computing for Increased Efficiency & Scalability

Demand for energy efficient solutions can never lower down. Energy is used in every sector, either in the form of conventional or non-conventional sources. However, the rising needs of electricity has inclined the industries more towards the use of electricity in every way possible, to meet the demand for highly advanced technologies.

This creates scope for energy efficient systems that are necessary for the effective utilization of energy as well as to reduce costs and improve profitability, adhering to environmental regulations. Green initiatives proposed by various governments have introduced new policies for energy conservation and reduced carbon footprint. The real-time monitoring of energy consumption patterns is expected to play an important role in market growth over the forecast period.

Furthermore, as the technology and systems advances, cloud computing also marks its presence in the global industrial energy management systems market. Its offers benefits like updating and upgrading software in real time, facilitating users to utilize the data more efficiently.

Adoption of Smart Meters Will be the Key to Reduced Energy Consumption

The new advanced metering technology has eased the process of gathering detailed electricity consumption data, analytical power of facility energy management systems. It is intended to simplify the complex issues encountered by industrial energy users, and can identify energy waste in a number of categories.

This technology addresses basic errors in control system programming, and errors in maintenance and servicing procedures, thereby fueling the growth of industrial energy management systems market.

Intense competition among the participants in the global industrial energy management systems market will continue to compel companies to offer a wide range of competitive services, to sustain and strengthen their market share.

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Industrial Energy Management System Market by CategoryBy Component:

  • Technology
  • Hardware
  • Services

By End User:

  • Automotive
  • Construction
  • Electronics
  • Food & Beverages
  • Mining
  • Oil & Gas
  • Petrochemicals
  • Utilities

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • China
  • Japan
  • Middle East and Africa

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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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Suite 401, Newark, Delaware – 19713, USA
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Embedded Security For Internet Of Things Market is projected to secure almost US$ 11,125 Mn by the end of 2027

The report reveals, the global embedded security for internet of things held US$ 2,525 Mn in 2016 and is projected to secure almost US$ 11,125 Mn by the end of 2027. The market is anticipated to exhibit high double-digit CAGR throughout the forecast period (2017-2027), in terms of revenues. The market in APEJ (Asia Pacific excluding Japan) is anticipated to reflect comparatively higher expansion throughout the forecast period, in terms of value.

Rising number of devices which are being associated through IoT network is considered as a vital factor propelling demand for embedded security for IoT. Additionally, increasing strength of cyber-attacks on IoT devices as well as on networks combined with the introduction of revised industry guidelines to utilize embedded hardware solutions are noticed as major driving factors of embedded systems for IoT. The embedded security for IoT is forecasted to move towards delivering security to hyper-connected technologies. A recent report on embedded security for Internet of Things developed by Future Market Insights (FMI) offers such critical things in it.

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Dynamics of Market

The controller chip segment is projected to procure more than four-fifth share of the market, in terms of revenues, exhibiting staggering double-digit CAGR throughout the assessment period. In terms of revenues, the segment is projected to retain its dominance throughout the forecast period. Moreover, the segment is estimated to generate incremental dollar opportunity of over US$ 6,800 Mn during 2017-2027.

The use of embedded security for IoT in connected cars is projected to expand at significant growth rate during the assessment period. Embedded security systems for IoT worth nearly US$ 687 Mn were used in connected cars in the year 2016.

Automotive industry, by vertical type is anticipated to retain its dominance in the market throughout the forecast period, securing almost one-third revenue share by the end of 2027.

Regional Segmentation

Moreover, the North America is anticipated to remain most lucrative regions for embedded security for Internet of Things market throughout the assessment period. The market in this region has secured nearly US$ 773 Mn in the year 2016 and secured nearly one-third revenue share of the market. In terms of revenue, the North America region is anticipated to retain its dominance over the assessment period. Rising utilization of IoT devices has led to increased security concerns, thereby numerous government regulatory bodies in US region have allotted security guidelines for IoT solution providers throughout various verticals.

During this period, the market for embedded security for Internet of Things in Western Europe region is anticipated to reach nearly US$ 1,677 Mn by the end of 2027, procuring staggering CGAR throughout the assessment period. Further, number of government authorities in different countries are ensuring that device manufacturers execute better security programs in order to secure cyber-attack on IoT networks and devices.

Competitive Landscape

Blackberry, a Canadian telecom service provider introduced an IoT platform based on cloud technology with device management features allowing data collection from range of networks and devices. This platform allows business partners, application developers and others to combine various aspects of IoT solutions comprising security. Primarily, the platform was directed towards shipping and automotive sector and in foreseeable period it is likely to be extended to other sectors such as healthcare and energy.

Several key market players, operating in the market are profiled in the report include, ARM Holdings Plc. (SoftBank Corp), Trend Micro Incorporated, Intel Corporation, NXP Semiconductors N.V., Gemalto N.V., Palo Alto Networks Inc., Check Point Software Technologies Ltd., Synopsys, Inc., Infineon Technologies AG, Inside Secure, and Cisco System Inc. The report reveal that these market players are likely to contribute more in the growth of the global market for embedded security for Internet of things.

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Market Segmentation

By Component

  • Software
  • Controller Chip

By Application

  • Smart Factory
  • Smart Grid
  • Connected Car
  • Networking Equipment
  • Computing Devices

By Vertical

  • Retail
  • Aerospace and Defence
  • Healthcare
  • Gaming
  • Automotive
  • Others

By Region

  • North America
  • Latin America
  • Asia Pacific (Excluding Japan)
  • Japan
  • Eastern Europe
  • Western Europe
  • Middle East & Africa

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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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Blue Light Protection Ingredients Market Growth, Analysis Report, Share, Trends and Overview 2022-2030

Facial skincare continues to lead demand forblue light protection ingredients market, accounting for 40% of total demand, according to a latest study by Future Market Insights (FMI). The study also finds that demand for organic blue light protection products are growing briskly, creating space for new market entrants. The new study tracks blue light protection ingredients consumption in over 20 countries, analyzing key prevailing factors in high-growth markets.

Demand for blue light protection ingredients remained subdued for a long time, owing to low awareness and scant research. However, in the last five years, growing body of evidence has linked excessive smartphone usage to a number of health issues. According to a new research report published by Harvard University in July, 2020, blue light suppresses melatonin twice as long as the green light along causing skin damage. As the proliferation of electronics with screens and energy-efficient lighting is increasing the exposure to blue wavelengths, consumers are looking at appropriate solutions.

Key Takeaways

  • Global blue light protection ingredient market to grow at 8% CAGR through 2030
  • Solid/semi-solid ingredient demand higher than liquid ingredients
  • Demand for organic variant increased to 36% of total consumption in 2020
  • Germany, UK, France, Italy, and US among epicenters of global demand

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“The increase in usage of electronic gadgets starting from smart phones to laptops is resulting in higher exposure of our skin to the blue lights emitted from these devices. For instance, according to the National Statistics of the United States, ~88% of people in the U.S use PC/laptop, while ~75% people use smartphones and this rate is expected to rise further through 2030. This increasing adoption of electronic gadgets is anticipated to further expand the global blue-light protection ingredients market in the near future,” says an FMI analyst.

COVID-19 Impact Analysis

The COVID-19 pandemic has resulted in decline in growth of the key end-use industries of the market such as cosmetics, skincare, and others. The outbreak of the pandemic has shifted the focus of the consumers towards more emergency services including health, wellness, and others.

Furthermore, the manufacturing units have come across various hurdles such as scarcity of raw materials, unavailability of enough manpower, and others. As most of the manufacturing hubs were closed for long during the lock down, the growth of the market has declined substantially earlier this year.

However, with the commencement of vaccination and adoption of the ‘new-normal’, the market is expected to get back on track and expand further in the coming years.

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Who is Winning?

The global blue-light protection ingredients market is getting stricter in terms of competition with the passing years. In order to leverage the new opportunities, the key market players are emphasizing on launching of more quality products.

For instance, BASF Group launched its new range of blue-light protection ingredients such as DN-Aura®, Neurobiox®, Phytosoothe®, and others which are inspired by plant defense strategies in the year 2019

RAHN AG launched its new extensive range of blue-light protection ingredients such as CELLIGENT®, MYRAMAZE®, and others in the year 2020

Key SegmentsForm Type

  • Solid/Semi-Solid
  • Liquid

Nature

  • Organic
  • Conventional

Application

  • Facial Skincare
    • Facial Creams and Moisturizer
    • Serums
    • Facial Gels/Oils
    • Others
  • Body Care Products
  • Cosmetic Products
    • Foundations
    • Primers and Concealers
    • Others

Region

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

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About 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.

Contact: 

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T: +1-845-579-5705
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Desert Air Cooler Market Size | COVID-19 Impact Analysis | Forecast to 2032

The global desert air cooler market valuation is set to reach US$ 560.1 Mn in 2022. Increasing demand for centralized cooling systems is expected to drive sales at a robust 9.2% CAGR, with the market size topping US$ 1346.9 Mn in 2032.

Attribute Details
Desert Air Cooler Market Estimated Size 2022 US$ 560.1 Mn
Desert Air Cooler Market Value-based CAGR (2022-2032) ~ 9.2%
Desert Air Cooler Market Projected Size 2030 US$ 1346.9 Mn

Surging construction in the residential sector and the rising demand for multi-functional appliances are creating lucrative growth prospects for desert air cooler market, finds Future Market Insights (FMI). Desert air coolers are energy efficient, they reduce carbon footprint, and are pollutant free. They also consume less electricity and therefore make for a cost efficient option.

Desert air coolers, also known as evaporative air coolers use the phenomenon of evaporation to reduce temperature in the surrounding area. Increasing technological advancements and rising disposable income are a few factors favoring the expansion of the market.

When compared to evaporative air coolers, traditional conditioners are far costlier in terms of maintenance and require higher energy. Evaporative air cooler especially the portable ones are currently enjoying the spotlight because they are easy to transport and offer greater convenience and efficiency.

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Key Takeaways from Desert Air Cooler Market Report:

  • The desert air cooler market is expected to rise at a CAGR of 9.2% during the period of 2022-2030
  • The market is predicted to reach a value of US$ 1346.9 Mn  by the end of the forecast period
  • Favorable geographical conditions and willingness among consumers to spend on multi-functional appliances are favoring growth in East Asia and South Asia
  • The 50-60 Lt desert air coolers are gaining traction due to their greater lifecycle.
  • Evaporative air cooler residential models are in high demand and will continue being a top choice among consumers through the forecast period
  • Mini desert air coolers are popular in the market due to their convenient and suitable features.

“Thanks to soaring environmental concerns, consumers are rendered conscientious. Leading brands are therefore focusing on offering innovations to increase energy efficiency of their products. Besides this, they are focusing on improving their online presence to gain competitive advantage,” said a lead analyst at FMI.

COVID-19 Impact Analysis

The COVID-19 pandemic severely affected all sectors, including the desert air coolers market. Bans imposed on travel and transport had disrupted the sourcing of raw materials, bringing production to a halt. The implementation of lockdowns in several countries during the summer decreased sale of commercial air coolers.

Decline in sales caused the price of desert air cooler prices to increase. While the market hit a low in 2020, it is expected to recover and grow at a steady pace due to increasing concerns regarding the environment once the coronavirus passes.

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Who Is Winning?

Key players in the market are now focusing on introducing intelligent technologies in commercial air coolers to increase their convenience. Artificial Intelligence is being incorporated to increase efficiency and improve energy conservation. The introduction of multifunctional air coolers have bode well for the market since they perform better than a cooler, a fan, or a humidifier.

Some of the key players in the market are Fujian Jinghui Environmental Technology Co. Ltd., Bajaj Electricals Ltd., Delta Cooling Tower Inc., Climate Technologies, Havells India Ltd., LG Electronics Inc., Orient Electric Limited, Samsung Group, Symphony Limited, Honeywell International Inc., GE Appliances, Aolan Industry Co. Ltd., Sharp Corporation and Koninklijke Philips N.V.

Competition Landscape

Leading players operating in the global desert air cooler market are launching innovative products enabled with IoT that provide effective cooling with less water consumption. Stringent regulations regarding energy consumption in home appliances are compelling manufacturers to launch energy-efficient variants, which is expected to augment the growth in the market. Some recent developments include:

  • In 2021, Havells launched a new range of desert air coolers with Breatheeze Technology that reduces PM 2.5 and PM 10 particles to almost 85%. The range comes with specially processed anti-bacterial, anti-deformation, and anti-corrosion honeycomb pads with hydrophilic properties that cleanse the air and maintain a hygienic environment.

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Desert air cooler Market by Category

Water Capacity:

  • 30-40 Lt
  • 40-50 Lt
  • 50-60 Lt
  • 60-70 Lt
  • 70 Lt and Above

Price:

  • Premium
  • Mid-Range
  • Economy

Application:

  • Indoor
  • Outdoor

End Use:

  • Residential
  • Commercial
    • Enterprises/Offices
    • Hotels/Restaurants
    • Schools/Universities
    • Retail

Sales Channel:

  • Wholesale/Distributors
  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Multi-Brand Stores
  • Online Retailers

Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding China & Japan
  • Japan
  • China
  • Middle East & Africa

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About 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.

Contact: 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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Die Casting Services Market Business overview, Upcoming Trends, Growth, Analysis and Forecast – 2030

The market for die casting services is anticipated to grow as aluminium die casting becomes more and more widespread. The market for die casting services is anticipated to reach over US$ 90 Bn by the end of 2030, increasing at a CAGR of 9.7% between the forecast period of 2020 and 2030, according to a recent study from Future Market Insights (FMI).

Attribute Details
Estimated Die Casting Services Market Size 2022 US$ 42.10 Bn
Projected Die Casting Services (2030) Market Size US$ 89.76 Bn
Value CAGR (2022-2030) 10.0%
Die Casting Services Market Top Players Share in 2021. 25%-35%

The demand for environmentally friendly vehicles is rising as environmental safety is being stressed more and more. In order to comply with environmental rules and laws and to achieve maximum fuel efficiency and minimal emissions, the need for lightweight components is rising. Therefore, it is anticipated that demand for die castings would increase during the coming ten years.

Lightweight metals like aluminium are in high demand within the casting industry to meet these objectives. As a result, in the casting markets, aluminium has surpassed steel in popularity. The market for die casting is benefiting from the growing use of lightweight alloys like aluminium.

Aside from the automobile business, where high-quality aluminium is becoming more and more in demand, particularly for luxury automakers, other industries like construction are also observing a switch from the traditional metal steel to aluminium. This change is recognised as a major force in the worldwide die casting market.

Additionally, the die casting business is advancing technologically, increasing die casting capacity to provide higher production in shorter manufacturing times.

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Key Takeaways

East Asia is expected to be the largest market for global die casting services market for the forecast period 2020-2030
High pressure die casting is the leading product segment, however gravity die casting services are gaining significant growth
Automotive industry holds a dominant place in the global die casting services market
Growing concern regarding fuel efficiency and emissions in automotive sector are the major trends influencing the global market
South Asia is forecasted to provide significant growth opportunities for the manufacturers during the period 2020-2030

Covid 19 impact

Businesses all throughout the world have been touched by the COVID 19 epidemic in one way or another. Different industries have been influenced by the lockdowns that the nations imposed.

The construction and automotive industries are among the worst affected globally.

Since the start of lockdowns caused by the epidemic in March 2020, there has been a drop in global sales of cars and consumer items. Even the consumer side has been severely hit because many people’s incomes have halted as a result of job losses. As a result, people refrain from purchasing consumer products.

The epidemic has had a significant impact on the global die casting sector, with manufacturing stopping and transportation coming to a complete halt.

This mindset is affecting the global die casting market in a negative way, as automobile and consumer goods sector along with construction sector are incurring heavy losses due to this.

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Who is winning?

Die casting services have a huge global market potential, thus the industry’s operators are strongly reliant on R&D to progress technology and gain an edge over rivals.

In addition, the introduction of new products is anticipated to provide competitors an advantage. Additionally, with the aid of mergers and acquisitions, corporate expansion to serve a larger population continues to be one of the core goals of the firms.

For instance, businesses are acquiring and integrating specialised die casting foundries in order to serve a larger customer base.

For instance, in 2018, Dynacast Inc. purchased Schlieper Druckguss, a zinc-specific specialised die casting company, and Tauus ’80 Precision Die Casting to create a new company named Form Technologies.

Carlton Die Castings Ltd., Form Technologies, Handtmann Group of Companies, Koch Enterprises Ltd., Premier Die Casting Company, Expromet Technologies Global Limited, Elcee Group B.V., Dean Group of Companies, Koch Enterprises Inc., MRT Castings Ltd., JPM Group, NovaCast Limited, Arrow Butler Castings Ltd, Lupton & Place Ltd., Spark Minda, Kuusakoski Group, NEMAK, Ryobi Limited, Lina

Global Die Casting Services Market By CategoryBy Product Type, Global Die Casting Services Market is segmented as:

  • High Pressure
  • Low Pressure
  • Gravity

By Application, Global Die Casting Services Market is segmented as:

  • Telecoms
  • Consumer Goods
  • Automotive
  • Electronics
  • Aerospace and Defense
  • Others

By Region, Global Die Casting Services Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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About 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.

Contact: 

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Baby Personal Care Products Market Size 2022 Statistics, Share Price, Growth Prospects, Industry Trends, Approach Taken, Developed Methodology, Important Players, and Geographical Analysis by Forecast to 2032

According to a Future Markets Insights analysis, the growing demand for baby personal care products is here to stay despite the COVID-19 pandemic’s effects on the world economy (FMI). Along with the increased concern about baby skin care routines, recent launches in the luxury product category and personalisation based on demographics are anticipated to be the primary market drivers. In a recent analysis released by FMI, it was predicted that the market for infant personal care products would expand at a CAGR of 6.5 percent from 2022 to 2032, reaching a market value of 89 billion (US) dollars by the end of the forecasted year.

Attributes Details
Baby Personal Care Products Market Value in 2020 US$ 74 Bn
Baby Personal Care Products Market CAGR (2022-2032) 6.5%

Market for baby personal care products always had a conventional customer base for personal hygiene products like diapers. However, a spike in the demand for premium products like wipes and training pants is witnessed, especially in the developing countries. This new trend has opened up a wide range of market penetration opportunities and potential for innovations in the segment for the manufacturers.

Although skin care products enjoy the number one position in the baby personal care products market, other categories like oral hygiene and hair care products are gaining popularity.

In addition to this, increase in market potential and opportunities due to these trends is getting a huge push by the growing demand for organic and natural products. Thus giving a whole new area for manufacturers to explore and find niche.

FMI’s report provides a comprehensive overview of the market, covering important market dynamics.

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Key takeaways from the report:

  • Market players are focusing on bringing innovative products, keeping in mind the demands of the consumer
  • Focus on products with ingredients that are natural and non-toxic is going to be the future of the baby personal care products industry
  • Online sales channels are seeing an upper hand over conventional stores, owing to the restrictions put forth by the pandemic
  • Skincare is gaining prominence, while personal hygiene products account for a sizeable share
  • Europe is going to be the largest market for premium products throughout the forecasted period
  • Developing countries are emerging as the potential market for baby personal care products

Steady Growth Expected Despite COVID-19

As the world came to a standstill with lockdowns imposed by the governments across the world, the impact on the market of baby personal care products was significant. Retail channels being one of the worst hit due to shortage of labor and transport restrictions, major reliance on E- commerce was the only way to move ahead.

The lockdown has forced industries and online service providing platforms to join hands in order to cater to the customers. In a way, e – commerce has come to the rescue by redefining commercial activities globally.

Meanwhile the segment of population that was not open to online shopping has also shown its willingness to adapt during these turbulent times.

The lack of transport facilities in the beginning of the lockdown have left a dent in the baby personal care products market. However, experts believe that market is going to recover soon with restrictions being lifted by governments in phases across the world.

“As the industry recovers from the effects of pandemic on its business, focus on premium products and bringing in new range of organic and 100 % natural products will shape the market in a positive way in the near future” quotes a lead analyst at FMI.

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Who is winning?

Some of the market players featured in the baby personal care products report are Me n Moms Pvt. Ltd., Klee Naturals, Tubby Todd Bath Co., Hindustan Unilever Limited, Johnson & Johnson, L’Oreal, Kimberly Clark, Colgate-Palmolive, Beiersdorf AG, Shiseido, Ontex Group, Biotique, Himalaya Global Holdings Ltd., Weleda Inc., The Clorox Company (Burt’s Bees), Babylist Inc. (Earth Mama Organics), among others.

Product launches will remain a key strategy adopted by market players to gain competitive advantage. The baby personal care products industry holds immense potential globally. Companies are introducing products which satisfy the kids as well as the adults. The reason being, products that are healthy and safe top the list for adults and products that are fun and attractive appeal to the kids.

For instance, Tree –Free baby wipes by Caboo are made from bamboo spun lace and are rich in vitamin E, chamomile flower and aloe Vera leaf. While this gives the baby a soothing touch, it also gives the adults satisfaction to adults of doing their tiny bit for the planet.

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Burn Care Market Analysis, Future Growth, Business Prospects, Size, Share, Development, Forecast to 2030

In order to gain a competitive edge, burn care market participants must concentrate on providing safer, more affordable treatments, claims a recent analysis from ESOMAR-certified market research firm Future Market Insights. FMI predicts that through 2030, worldwide revenues will increase at a CAGR of 8.1%.

Attribute Details
Estimated Burn Care Market Size 2022 US$ 1.67 Bn
Projected Burn Care (2030) Market Size US$ 3.17  Bn
Value CAGR (2022-2030) 8%
Burn Care Market Top Players Share in 2021. ~15%-20%

Key takeaways from the report include,

  • Global revenues are set to surpass US$ 3.2 billion by end of 2030
  • Topical burn medications – burn creams, gels, ointments, and others – are expected to account for more than 80% of market value
  • Hospitals and clinics are collectively poised to hold over 4/5th of market value, backed by high preference among consumers due to reimbursement schemes
  • On the basis of severity, first-degree burns are expected to hold more than half of the market share, ascribed to the high prevalence of mild injuries in residences.
  • Asia Pacific will remain a lucrative market, accounting for over 50% market share

“Market players are focusing on enhancing their portfolios through R&D or by acquiring existing players,” remarks FMI analyst.

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The incidence of burn injuries remains a cause of concern across the world, especially in low- and middle-income economies. According to the estimates of the World Health Organization, over 180,000 people succumb to burn injuries every year, with the incidence being majorly concentrated in low- and middle-income nations, which continue to forefront market growth.

Similarly, mortality among children is seven times higher in low and middle-income countries than high-income countries, with WHO estimating nearly 1,73,000 children suffering moderate or severe burns in Bangladesh every year. Owing to this, healthcare institutions and governments are focusing on raising awareness among people concerning the importance of seeking care in case of burns to avoid complications.

By the same token, several organizations and governments are issuing guidelines on burn management and are setting up burn care centers, thereby giving a boost to the market growth. Similarly, the healthcare infrastructure in emerging economies has developed remarkably in the recent past, ascribed to increased Foreign Direct Investments (FDIs), thus facilitating better treatment.

Burn Care Market

COVID-19 Impact on Burn Care Market

The outbreak of COVID-19 is expected to hinder the growth of the market on the back of several consequences. Primarily, the implementation of nation-wide lockdowns in several nations and the subsequent closure of industries has reduced workplace fire accidents, thereby lowering the demand for burn care products.

On the other hand, disruption of supply chains coupled with high demand for other essential medical products has compelled manufacturers to shift their focus towards essential products. Although they capitalize on the demand for other products, the demand for burn care products will experience downtrend through the pandemic.

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Who is Winning?

Key burn care market players are adopting the expansion of product portfolio and acquisitions as key growth strategies. Likewise, new product development and R&D activities have also been identified as crucial strategies to strengthen foothold. On these lines,

  • In 2017, Derma Sciences acquired Comvita Ltd’s MEDIHONEY brand to enhance its product portfolio of advanced wound care.
  • In 2018, Acelity L.P., Inc. acquired Crawford Healthcare to expand its product portfolio in wound care

FMI’s report includes profiles of some of the most prominent names in the market including Coloplast A/S, Smith and Nephew Plc, Safe n Simple, LLC, Derma Sciences Inc, Dynarex Corporation Acelity LP, Mölnlycke Health Care, ConvaTec, Inc., Cardinal Health Inc., De Royal industries, Inc., Medline Industries, Boiron USA, Johnson & Johnson Consumer, Inc., Areza Medical, and Acme United Corporation (First Aid Only) among others.

Global Burn Care Market by Category

By Product Type, Global Burn Care Market is segmented as:

  • Burn Wound Dressings
  • Topical Burn Medications

By End Use, Global Burn Care Market is segmented as:

  • Household
  • Hospitals
  • Clinics
  • Others

By Severity, Global Burn Care Market is segmented as:

  • First Degree Burns
  • Second Degree Burns
  • Third Degree Burns

By Sales Channel, Global Burn Care Market is segmented as:

  • Online Channel
  • Offline Channel

By Region, Global Burn Care Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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Contact: 

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Pet Toys Market Growth, Analysis Report, Share, Trends and Overview 2022-2031

The pet toys market is projected to rise at a healthy 7.2% CAGR for the period of projection from 2021 to 2031. The growing rate of pet ownership, increased interest in pet humanization trends, and the development of pet care hospitality facilities are key factors that contribute to the rise of the pet toys market. Consumers are increasingly looking out for customized and personalized products for individual pets, despite higher prices. In addition, the trend of using toys for behavioral training is expected to influence developments within the market.

“Pet owners have increasingly expressed interest in purchasing sustainable products, while maintaining safety standards for animals. This in turn has encouraged pet toy manufacturers to explore natural materials for their offerings in line with the needs of eco-conscious pet parents,” says the FMI study.

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Pet Toys Market – Important Takeaways

  • Plastic and rubber toys remain popular materials for toy production, owing to superior durability and standardization for product quality.
  • Ecommerce sales will reflect a relatively faster rate of growth, backed by internet penetration and discount offers from manufacturers.
  • India is emerging as a high potential market owing to the expansion of the consumer class of millennial pet owners.
  • The U.S. accounts for significant revenue share owing to consumer preference spending on pet luxury.

Pet Toys Market – Driving Factors

  • Sustained growth in cat and dog ownership rates is a major factor positively influencing pet toy sales.
  • The increasing popularity of facilities such as pet hotels and day care centers generate key growth opportunities.
  • Major advances in products for cognitive training for pets is bolstering sales in the industry.

Pet Toys Market – Leading Constraints

  • Concerns over the widespread proliferation of low-quality toys, by small-scale manufacturers is a key concern restricting adoption.
  • Lack of awareness about toys for training purposes is restraining sales prospects around the world.

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Expected Impact on Market by Coronavirus Outbreak

The global covid-19 pandemic had a moderately negative impact on the pet toys market. Restrictions on production operations and social distancing guidelines have limited manpower and disrupted supply chains during the crisis. In addition, restraints on international trade had affected product availability.

On the other hand, pet ownership rates have grown during the forecast period, creating sales opportunities for manufacturers, partially mitigating losses to manufacturers during the pandemic. Demand is expected recover steadily over the coming decade, with increasing sales activity occurring from online distribution channels.

Competition Landscape

Some of the major players participating in the pet toys market include but are not limited to Honest Pet Products, Central Garden & Pet Company, Company of Animals Ltd., Cosmic Pet, Petsport USA Inc., Zyppy Paws, Mammoth Pet Products, Radio Systems Corporation, Jolly Pets, Multipet, Fluff and Tuff Inc., Kyjen Company LLC, West Paw, KONG Company, Ethical Products Inc., Benebone LLC, Coastal Pet Products Inc., and Petmate.

Major manufacturers in the pet toys market have been largely involved in the launch of new products to bolster their product portfolios, in addition to strategies aimed towards licensing and geographical expansion.

In March 2021, PetSmart unveiled its Brain Games training course aimed towards mental stimulation goals including courses on dog reading, object recognition and more, improving communication between pet and owner. Further, Chewy, the online pet toy shop has unveiled a new range of 400 products for cats and dogs based on Marvel, Disney, Star Wars, and Pixar character designs. In December 2020, Pet Supplies Plus, announced the acquisition of 40 store locations from Pet Valu across Virginia, Indiana, Ohio, Kentucky, Pennsylvania, Maryland, and New Jersey.

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Pet Toys Market by Category

By Product Type:

  • Plush Toys
  • Rope and Tug Toys
  • Balls
  • Chew Toys
  • Squeaky Toys
  • Interactive Toys
  • Others

By Pet Type:

  • Dogs
  • Cats
  • Birds
  • Others

By Material Type:

  • Rubber
  • Cotton
  • Nylon
  • Plastic
  • Others

By Type:

  • Non-Edible
  • Edible

By Size:

  • Small
  • Medium
  • Large

By Price Range:

  • Economy (Below US$10)
  • Mid-Range (US$10 – US$25)
  • Premium (Above US$25)

By Sales Channel:

  • Wholesalers/Distributors
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Multi-Brand Stores
  • Online Retailers
  • Pet Specialty Stores

By Region:

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

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More on the Report

FMI provides in-depth insights on the pet toys market. The market is segmented in terms of product type (plush toys, rope and tug toys, balls, chew toys, squeaky toys, interactive toys, and others), pet type (dogs, cats, birds, and others), material type (rubber, cotton, nylon, plastic, and others), type (non-edible and edible), size (small, medium, and large), price range (economy, mid-range, and premium), and sales channel (wholesalers/distributors, hypermarkets/supermarkets, convenience stores, multi-brand stores, online retailers, and pet specialty stores), across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa).

About 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.

Contact: 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report:  https://www.futuremarketinsights.com/reports/pet-toys-market
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