Inflatable Bags Packaging Market Brief Forecast and Analysis by Top Key Players to 2027

Increasing global transportation of products across cross boundaries is leading to more and more product damage while moving from one place to another. This factor has created an immense demand for protective packaging of products. Inflatable bags packaging is one of the prominent segment in protective packaging which is expected to witness a burgeoning demand in the coming years. With inflatable bags protection, end-user industries are able to render additional primary protection to its product. Moreover, inflatable bags packaging offers the flexibility of lighter weight packaging which enhances ease in product shipping option.

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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Inflatable Bags Packaging market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
The experts at the forefront of the industry have focused on the various factors that are shaping the growth of the Inflatable Bags Packaging industry. Through their in-depth analysis, the researchers were able to identify the growth prospects of the industry.

COVID-19 Impact Analysis on Inflatable Bags Packaging Market
The outbreak of COVID-19 has affected various industries, such as the packaging industry. The demand for non-essential items has also declined.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Inflatable Bags Packaging market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

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

The report essentially evaluates the significant presence of the global Inflatable Bags Packaging market across the world’s major regions. The global Inflatable Bags Packaging market has been categorized into several key geographical regions. North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa are the leading Inflatable Bags Packaging market regions. In this section of the report, the authors have examined the market share, market size, revenue contribution, sales network, distribution channels, and numerous other aspects of each geographical segment.

Table of Contents: Inflatable Bags Packaging Market
* Inflatable Bags Packaging Market Overview
* Global Economic Impact on Industry
* Global Market Competition by Manufacturers
* Global Production, Revenue (Value) by Region
* Global Supply (Production), Consumption, Export, Import by Regions
* Global Production, Revenue (Value), Price Trend by Type
* Global Market Analysis by Application
* Manufacturing Cost Analysis
* Industrial Chain, Sourcing Strategy and Downstream Buyers
* Marketing Strategy Analysis, Distributors/Traders
* Market Effect Factors Analysis
* Global Inflatable Bags Packaging Market Forecast

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Inflatable Bags Packaging Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Inflatable Bags Packaging market. Competitive information detailed in the Inflatable Bags Packaging market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Inflatable Bags Packaging market report.

Key players covered in the report include:
Sealed Air, Inflatable Packaging, Inc., Extra Packaging, Corp., Southern Packaging, LP., Raybow Development Co., Ltd., Bubble and Foam Packaging, KapStone Paper & Packaging Company

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This Inflatable Bags Packaging market report holds answers to some important questions like:
– What is the size of occupied by the prominent leaders for the forecast period ? What will be the share and the growth rate of the Inflatable Bags Packaging market during the forecast period?
– What are the future prospects for the Inflatable Bags Packaging industry in the coming years?
– Which trends are likely to contribute to the development rate of the industry during the forecast period ?
– What are the future prospects of the Inflatable Bags Packaging industry for the forecast period ?
– Which countries are expected to grow at the fastest rate?
– Which factors have attributed to an increased sale worldwide?
– What is the present status of competitive development?

Some Notable Report Offerings:
* We will provide you an analysis of the extent to which the global Inflatable Bags Packaging market acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
* We will also help to identify customary/ standard terms and conditions, as like offers, worthiness, warranty, and others for the Inflatable Bags Packaging industry.
* Also, this report will help you to identify any trends to forecast Inflatable Bags Packaging growth rates.
* The analyzed report will forecast the general tendency for supply and demand in Inflatable Bags Packaging market.

Bus Chassis Market 2021 Key Players, End User, Demand and Consumption by 2029

Chassis is an integral part of the vehicle also known as support structure or frame of the vehicle. Bus Chassis consists of structural underframe, engine, radiator, wheels, hcv axles, suspension, gearbox, transmission, dashboard, steering wheel, and driver’s seat. Bus Chassis bears all the stresses on the vehicle in both static and dynamic condition. Chassis plays an important role in maintaining the drive comfort and durability of the structural components. Increasing demand for luxurious buses from private bus fleet owners and corporate offices is anticipated to support the demand for new buses and successively fuel the growth of bus chassis market all across the globe. Owing to the increasing sales of buses, the demand for durable, light weight and high strength Bus Chassis is estimated to witness significant growth during the forecast period. This in turn is anticipated to substantially contribute to the growing market of Bus Chassis during the forecast period.

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Bus Chassis Market: Dynamics

Growing concerns over pollution caused, particularly by automobiles, has forced governments in several nations to make few drastic dealings to maintain a regional or country level pollution check. This in turn is leading towards increasing investments in alternative fuels and electric vehicles. Significant increase in demand for electric buses is estimated to drive the growth of global bus chassis market during the forecast period. Rapidly increasing services sector in several countries, and rising trend of providing pick and drop facilities to the employees is estimated to be a key driving factor for the demand of new buses and consequently for the growth of bus chassis market.

Bus Chassis Market: Regional Outlook

Rapid urbanization in various developing countries across the globe, led to increase in demand for basic services including housing, water, sanitation and transport. Asia Pacific region is estimated to project significant opportunities in the global bus chassis market owing to relatively higher demand for public and private transit buses in the region. Countries including China and India are expected to be at the forefront in terms of growth in the global bus chassis market. Developed regions including North America and Europe is also estimated to witness significant growth in the coming years on the backdrop of increasing demand for electric buses.

Bus Chassis Market: Key Participants

Examples of some of the market participants identified across the value chain of the global Bus Chassis market include:

  • Dongfeng Motor Corporation
  • TATA MOTORS
  • Daimler India Commercial Vehicles Pvt. Ltd.
  • Scania AB
  • Eicher Motors Limited
  • AB Volvo
  • Ashok Leyland

The report covers exhaustive analysis on:

  • Bus Chassis Market Segments
  • Bus Chassis Market Dynamics
  • Bus Chassis Market Size
  • Bus Chassis Supply & Demand
  • Bus Chassis Current Trends/Issues/Challenges
  • Bus Chassis Competition & Companies involved
  • Bus Chassis Technology
  • Bus Chassis Value Chain

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, Italy, France, U.K, Spain, Russia)
  • South Asia (India, Indonesia, Thailand)
  • East Asia (China, Japan, South Korea,)
  • Oceania (Australia & New Zealand)
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa)
Bus Chassis Market: Segments

The global Bus Chassis market has been segmented by Bus Type, Axle Type, by Chassis Frame and by Propulsion Type

By type of Bus Type, the global Bus Chassis market is segmented into

  • Public Transit Bus Chassis
  • Private Transit Bus Chassis
  • Corporate Bus Chassis
  • School and College Bus Chassis
  • Special Purpose Bus Chassis (Defense, RVs, Tourist Buses etc.)

By type of Bus Axle, the global Bus Chassis market is segmented into

  • Single Axle Bus Chassis
  • Multi Axle Bus Chassis

By type of Chassis Frame, the global Bus Chassis market is segmented into

  • Ladder Frame Bus Chassis
  • Tubular Space Bus Chassis

By type of Propulsion, the global Bus Chassis market is segmented into

  • Diesel Engine
  • CNG
  • Electric

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Recreational Boat Market 2021 Key Players, SWOT Analysis, Key Indicators and Forecast to 2029

Recreational Boating is one of the world’s most vibrant sectors in maritime sector. A recreational boat can basically be described as large a motorboat with cabin, plumbing and other entertaining conveniences needed to live on board. People are using recreational boats to enjoy with their family, friends, and peers while outing. Activities such as fishing, boat racing, water sports game, campaigning, and sailing suits the best use of recreational boat. Materials used to make these ships are coated fabrics, plastics, and aluminum.

The growing amount of individuals engaged in recreational operations and the mounting use of these boats for business specific reasons such as passenger transportation and short distance transport increases the development of the worldwide recreational boat market.

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Recreational Boats Market: Market dynamics

Expanding tourism is right now one of the major growing industries which drives the growth of recreational boats market. Improved economy and demographic progress can also increase the market growth in the future. Growing income rates have fuelled the development of the recreational boat market in developing nations. The increasing demand for recreational activities such as fishing, water skiing, travel, and sport is boosting the worldwide recreational boat market.

High end recreational boat expenses may curb recreational boating demand. Because of its high price, it is unlikely that low- and middle-income groups will spend on recreational boats, which to some extent restricts the market. The vulnerability of the global economy to current trends often generates barriers to the worldwide recreational boat market. For example, when the global recession struck, the recreational boat market experienced a significant setback. Environmental and labor-related problems in the boating sector have questioned the development of the worldwide market for recreational ships. Besides product adoption and subsequent demand of recreational boats would be confined to countries having/ sharing water bodies in their realm.

Recreational Boats Market: Regional analysis

In the North America region, the sector is anticipated to be the biggest by value, followed by Europe and Asia Oceania. Growing maritime and coastal tourism contributes significantly to the elaboration of American and European recreational boat market.

With increasing tourism and water sports operations and increasing investments in developing markets, Asia-Pacific is the second fastest increasing recreational boat market.

Recreational Boats Market: Key players

Some of the major organizations in the recreational boat market are:

  • Azimut Benetti Group
  • Bavaria Yachtbau
  • Bennington Marine LLC
  • Brunswick Corporation
  • Carnival Corporation & plc
  • Catalina Yachts
  • Ferretti S.P.A.
  • Godfrey Pontoon Group
  • Grand Banks Yachts Ltd.
  • Groupe Beneteau
  • Hobie CAT Company
  • Mahindra Odyssea
  • Malibu Boats, Inc.
  • Marine Product Corporation
  • Nordhavn Yachts

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The Recreational Boat market report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Recreational Boats Market: Market segmentation

Based on boat type, the global recreational boats market can be segmented into:

  • Outboard boats
  • Inboard/stern drive boats
  • PWC
  • Sailboats

Based on the power type, the global recreational boat market can be segmented into:

  • Engine-powered boats
  • Sail-propelled boats.

Based on application, the global recreational boats market can be segmented into:

  • Commercial
  • Fishing
  • Watersports
  • Tourism
  • Defense

Based on material, the global recreational boats market can be segmented into:

  • Fiberglass
  • Wood
  • Inflatable

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Turbidimeter Market Research Report 2021 – Global Forecast till 2029

Witnessing a promising CAGR during 2019 – 2029, the global sales of turbidimeter will reach US$ 100 Mn mark by 2029. A new Future Market Insights (FMI) study projects that turbidimeter sales will continue to soar in line with the stringent implementation of regulations pertaining to water quality in industries. Quality maintenance is becoming a priority for various sectors that use analytical testing equipment, and turbidimeters are one of the preliminary equipment utilized for quality analysis. This would remain among the key factors pushing sales of turbidimeter at a global level.

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Customers would be inclined towards online turbidimeters in the near future, as they are accurate, quicker, and thus, highly reliable. Moreover, online turbidity monitoring is possible for continuous flow systems with a high measuring range of up to 10,000 NTU.

To regulate the level of turbidity in water, it is necessary to record live readings of turbidity levels, especially in facilities such as water treatment plants. Given the criticality of highly accurate results in such settings, manufacturers are striving to further develop online turbidity sensors, which are capable of delivering faster and accurate results.

US Turbidimeter Market to Reach US$ 100 Mn in 2022

Accounting for about a fourth of global market value, North America’s turbidimeter market continues its primacy – majorly owing to the uptight regulatory scenario. While the worldwide sales of turbidimeters remain concentrated in the U.S., FMI study projects that the U.S. market will exceed the revenues worth US$ 100 Mn by the end of 2022.

Key Takeaways – Turbidimeter Market Study

  • Turbidity level of potable water has become a serious concern owing to contamination caused by toxic industrial waste and other pollutants. Strict measures are being taken for regulating turbidity levels of water.
  • Various water treatment and effluent treatment plants (ETP) have been established in order to regulate turbidity and other parameters, which will fuel the growth of market.
  • Increasing number of desalination plants in the Middle Eastern region is amplifying demand for turbidimeters.
  • Handheld turbidimeters are gaining traction owing to their compact size and application in time-critical measurements. However, highly accurate analysis is still majorly conducted by benchtop turbidimeters, as they have a wider measurment range.
  • Currently, sales of benchtop turbidimeters are relatively high in South Asia, because of more popularity of laboratory analysis in various industries.
  • Prices of benchtop and handheld turbidimeters are comparatively low in East Asia than other regions, owing to the prominent presence of local manufacturers.
  • Manufacturers are increasingly selling their products online to capitalize on features such as user-friendly interface, easy selection criteria, and price comparison.
turbidimeter market share by region 2018 a

Key Companies Hold 30% Market Share

Turbidimeter market is highly fragmented, as large number of players are offering products for diverse applications. Key manufacturers such as Hach, Emerson Electric Co., Thermo Fisher Scientific, WTW (Xylem Inc.), and Merck KGaA, account for about 30% of the overall market share. In the current scenario, North America and Europe are anticipated to account for a significant share of the global turbidimeter market owing to implementation of stringent regulations to maintain turbidity levels in water. For instance, in the U.S., public drinking water that uses direct filtration for turbidity control cannot exceed 1.0 NTU.

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FREQUENTLY ASKED QUESTIONS ABOUT TURBIDIMETER MARKET

What are the main trends influencing the turbidimeter market?

Smart turbidimeters designed specifically for water quality monitoring and development of low-cost, smartphone-assisted turbidemeters continue to mark promising trends.

Which turbidimeter will generate the most revenue in the coming years?

Stationary turbidimeter continues to influence growth strategies, accounting for over 3/5th of the revenue share. However, growing frequency of innovation around portability and robust rise in end users’ demand for the same will have a significant impact on the sales of portable turbidimeter in coming years.

Which end-use sector is most likely to be highly profitable segment for market players?

Adoption of turbidimeters in wastewater treatment continue to move on an upward swing, accounting for 1/4th of the total market share. Increasing application in pulp & paper and pharmaceutical industry will also work to the advantage of the market players.

Which regional market is touted to procure the maximum revenue share?

With approximately 23% of the revenue share, North America’s turbidimeter market remains at the forefront. High growth opportunities are also expected in Middle East & Asia, which is set to record a CAGR of 7.7% over the forecast period (2019-2029).

What are the opportunities of innovation in the turbidimeter market?

With numerous disruptive technologies on the horizon, the war of innovation supremacy will continue to intensify in the turbidimeter space. In order to stay ahead of the curve, manufacturers will need to set their products apart from the competition.

What are key challenges and competitive risks faced by turbidimeter market players?

In an ambitious study to understand the true market potential of turbidimeter, limitation pertaining to custom calibration of stationary turbidemeter and lax regulation implementation in developing countries emerged as key challenges.

TURBIDIMETER MARKET TAXONOMY

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

Portability

  • Handheld
  • Stationary

Application

  • On-field
  • Off-field

End Use

  • Wastewater Treatment
  • Chemical & Materials
  • Oil & Gas
  • Pharmaceutical
  • Pulp & Paper
  • Food & Beverages
  • Research & Academia
  • Others
Region

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

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Global Walk-in Coolers and Freezers Market Value to Grow by Almost $8 Billion During 2019-2029

Future Market Insights (FMI), in its new report, estimates worldwide sales of walk-in coolers and freezers at US$ 8.6 billion in 2019. Widespread consumer acceptance of frozen and processed food, along with a steep rise in the demand for efficient refrigeration facilities to store and maintain the shelf life of these products, allude to a brighter future for the walk-in coolers and freezers market.

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  1. The global walk-in Coolers and Freezers market was valued at ~US$ 8 Bn in 2019.
  2. The walk-in Coolers and Freezers market is anticipated to witness robust growth with a CAGR of ~5% over the forecast period of 2019–2029.
  3. South Asia and East Asia markets are expected to remain prominent regional markets in the global walk-in Coolers and Freezers market.
    • Rapid urbanization in India and China increased in commercial restaurants and retail food outlets chain in the region, which is expected to drive the sales of walk-in Coolers and Freezers market.
  4. The South Asia market is expected to lead the walk-in Coolers and Freezers market in terms of CAGR growth, registering a growth of ~7% CAGR over the forecast period.
    • The growth is primarily driven by growing retail food outlets and franchises, cold storage warehouses, and restaurant chains in India and other ASEAN countries.
  5. The commercial kitchen & restaurants segment is anticipated to create prominent demand for walk-in coolers & freezers, followed by retail food & beverage outlets.

Gains Remain High from Commercial Kitchens & Restaurants

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

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

According to the study, newer trends and rapid expansion of the retail food & beverage sector also represent a significant source of demand for walk-in coolers and freezers. Picture-perfect stores are gaining high preference among today’s consumers, especially millennials obsessed with social media platforms. Such a factor has forced the manufacturers to innovate and enhance the visual appearance of their products without compromising on the operational functions.

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Steady Gains Ensued by Norms and Trade

Environmental concerns top the list when it comes to cooling technologies. Sensing the urging requirement for sustainable solutions, manufacturers are investing in R&D for low GWP refrigerants, even enhancing the energy efficiency of walk-in coolers and freezers. Global food production is on the record high, as is the demand for food worldwide.

As the global trade for a diverse range of foods grows unabated, demand for solutions to keep these products fresh, while retaining their shelf-life is paramount. This has considerably complemented the adoption of walk-in coolers and freezers specifically for ready-to-eat food, frozen food, frozen ready meals, and fresh meat products.

Macro-economic aspects such as urbanization and industrialization will also have notable impacts on the walk-in coolers and freezers landscape in the long run.

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

By Segmentation:

Product Type

  • Walk-in Cooler
  • Walk-in Freezer
  • Combo (Freezer + Cooler)

Place of Use

  • Indoor
  • Outdoor

Technology

  • Self-Contained
  • Remote Condensing
  • Multiplex Condensing

Door Type

  • Hinged
  • Power Sliding
  • Manual Sliding

Application

  • Cold Storage Warehouse
  • Breweries
  • Commercial Kitchen & Restaurants
  • Floral Storage
  • Pharmaceuticals
  • Chemicals
  • Research laboratories
  • Hospitals & Mortuaries
  • Mobile Refrigeration System
  • Retail Food & Beverage
    • Supermarket
    • Hypermarket
    • Convenience Stores
  • Other Stores

Sales Channel

  • OEM
  • Aftermarket

Mounting Type

  • Floor
  • Non-floor

Region

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

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

Global Electric Motor Market Will Rise At 5.6% CAGR Between 2021 And 2031

The Electric Motor Market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021, while the AC Motors segment was up 5.1% to 837 million units.

 

The electric motors market however registered moderate decline in its sales volume in FY2020 due to the unforeseen COVID-19 pandemic. Demand from major end-use industries like automotive, oil & gas, and other waned. Contrary to this, sections of medical sector were not affected due to increase in demand amid the adoption of COVID-19 precautionary measures.

Global sales of electric motors are set to be valued at over US$ 104 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). A new report estimates the market to expand at over 5.1% CAGR from 2021 to 2031.

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According to Future Market Insights (FMI), increasing automation and robotics in industrial production sector have fuelled the demand for electric motors. The market also is gaining from rapid technological advancement and advent of industrial 4.0.

Newly released data by Future Market Insights (FMI) forecasts the electric motors market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021, while the AC Motors segment was up 5.1% to 837 million units.

Demand for alternating current (AC) electric motors has been steadily increasing. This can be attributed to operating advantage linked with it, its prime advantage is its speed torque characteristics which has raised the application for electric motors in various end uses, owing to which the AC electric motors has secured a prominent share in the global Electric motors market.

Key Point:

  • <1HP. Power output electric motors are projected to hold over 80% volume share of the global market in 2021, owing to robust demand for various applications.
  • The AC Electric motors are set to hold over 71.6% of the market share on value basis by the end of forecast period.
  • East Asia will remain a primary market, backed by rising demand from the automotive & residential sector. It is expected to account for over 22.7% of the demand registered in globally in 2021.
  • Electric motors for robotics application set to surge at CAGR of approximately 5.9% over the coming decade.
  • The U.K. is emerging as a key market in Europe, with a valuation of over US$ 5.4 Bn in 2021, and anticipated to grow with 5.4% CAGR in the forecast period.

“The electric Motors market is anticipated to grow at a strong pace driven largely by increasing demand for innovative and energy-efficient products across industries. Raising automation and digitalization in various end-use sectors are key factors fuelling the demand for electric motors. Industry participants are investing in expansions, strategic alliances, and cost effective solutions to gain a competitive advantage,” says a Future Market Insights analyst.

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Compititive Landscape:

Companies operating in Electric Motors market are aiming at strategic collaborations and partnerships with other manufacturers to expand their product manufacturing capacity and address the demand of an expanding consumer pool.

  • For instance, In, On January 24, 2019 Bosch assumed full control of of EM-motive, one of Europe’s most successful manufacturers of electric motors.
  • On August 3rd, 2021, Nidec Corporation acquired stocks of Mitsubishi Heavy Industries Machine Tool Co., Ltd. and announced an outline for its new subsidiaries.

Manufacturers are also focusing on the expansion of their product portfolio to maintain high customer base across the globe

  • For instance, On 5 Feb, 2021 Johnson Electric Launches Low Voltage DC Motor Solutions for Smart Furniture. The LVDC motor solutions are designed for actuators used in smart recliners, height adjustable desks, hospital beds and other smart furniture products.
  • On February 16th, 2021 Regal announced a collaboration with Rexnord’s PMC segment to create world-class power transmission technology.

Key Player:

  • General Electric
  • Robert Bosch GmbH
  • Hitachi, Ltd.
  • Nidec Corporation
  • WEG S.A.
  • Siemens AG
  • ABB Group
  • Regal Beloit Corporation
  • Toshiba Corporation
  • Johnson Electric
  • Hyosung Corporation
  • Schneider Electric SE
  • Bonfiglioli Riduttori S.p.A.
  • Kirloskar Electric Company Ltd.
  • Allied Motion Technologies Inc.
  • East West Manufacturing, LLC
  • Hyundai Electric Co. Ltd.

North America is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. According to the study, the U.S. is expected to be the largest market in North America and reach US$ 40.4 Bn by 2031.

The United States’ highly developed end-use sectors are supporting the market growth. Overall industrial spending grew at a rate of about 4.6 percent in 2019 than overall economic growth of 4.0 percent in the United States calculated by Gross Domestic Product (GDP), according to CMS’ Office of the Actuary estimates.

Furthermore, the U.S. is home to technically advanced industrial sector in the world, making it a lucrative market for electric motors manufacturers, as it exhibits high demand for robotics and automation for industrial as well as residential applications.

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By Segmentation:

Power Output:

  • <1HP
  • 1-5HP
  • 5 – 10 HP
  • 10 -20 HP
  • 20 – 50 HP
  • 50 – 100HP
  • 100 – 300 HP
  • 300 – 500HP
  • Above 500HP

Product Type:

  • AC Motor
    • Induction Motor
    • Synchronous Motor
  • DC Motor
    • Brushed DC
    • Brushless DC

By Application:

  • Pumps
  • Fans
  • Drives
  • Compressor
  • General Machinery
  • Centrifugal Machinery
  • Grinders
  • Extruders
  • Robotics
  • Others

By End Use:

  • Industrial
    • Oil & Gas
    • Power Generation
    • Mining
    • Food & Beverages
    • Pulp & Paper
    • Chemicals
    • Air Separation Plant
    • Other Manufacturing
  • Residential
  • HVAC & Refrigeration
  • Medical
  • Municipal Water Treatment
  • Transportation
    • Automotive
    • Aviation
    • Electric vehicles
    • Railways
    • Boats
  • Others

By Region:

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

Carbide Tools Market: Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2018-2028

The report on the Carbide Tools market covers comprehensive information about market trends, volume (Thousand Units) and value (US$ Mn) projections, recent developments, dynamics (drivers, restraints, trends & opportunities) and competition landscape pertaining to the global Carbide Tools market for the study period 2018 to 2028.

The global Carbide Tools market is projected to reach US$ 10,726.3 Mn by the end of the forecast period while growing at a value CAGR of 7.0%. Moreover, according to Future Market Insight’s volume analysis, the global Carbide Tools Market is estimated to have reached 187,652.6 thousand units by 2018 end and is anticipated to reach 365,280.9 thousand units by 2028 while exhibiting a CAGR of 6.9% during the forecast period.

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Estimated at a healthy Y-o-Y growth of 6.4%, global revenues of carbide tools market are set to exceed US$ 5 billion in 2019. A new Future Market Insights (FMI) study forecasts robust growth prospects for the global carbide tools market, prominently driven by fostering rate of adoption for automotive and fabrication applications. Drills and mills will remain the highest selling types of carbide tools, according to the report.

FMI’s analysis concludes that mills and drills collectively account for just-under 60% share in the total revenue generated through carbide tools sales. Carbide drills are however observed hold an edge over carbide mills owing to higher adoption for automotive applications, particularly related to automotive engines. The latter are expected to gain prominence in fabrication, as indicated by the report. Moreover, notably increasing demand for thermal deburring applications will reportedly spur sales of carbide burrs in the near future.

Escalating utilization of carbide tools for job-shop applications in metal fabrication, general automotive applications, and high-speed cutting applications will predominantly push sales prospects of carbide tools, as per FMI’s research. While adoption of carbide tools for automotive and fabrication end use applications holds more than 55% share in the total market revenue, growing adoption by heavy machinery manufacturers is also underpinning significant revenue generation in carbide tools market.

Europe has been spearheading the expansion of carbide tools market, which is likely to receive strong support from towering sales of EVs in the region. The report underscores remarkable contribution of China and India to the global market revenue. Spectacular growth of the automotive components and metal fabrication industries has been instrumental in fueling the use of carbide tools within high-potential developing Asian economies, particularly China and India. Rapid automation of metal fabrication applications is cited as a predominant booster to adoption rate of carbide tools within the aforementioned countries. According to the report, the collective share of China and India currently equates just-under a fourth of the global value, likely to thrive at a robust pace in the years to come.

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Competitive Landscape:

The global Carbide Tools market is fragmented. Organized players account for more than 50% share in the global Carbide Tools market even though there are numerous small players in the global market which are creating a competitive environment for well-established players.

In the global Carbide Tools market, FMI has covered prominent players including KYOCERA Corporation, Sandvik AB, YG-1 Co., Ltd., Makita Corporation, CERATIZIT S.A., Mitsubishi Materials Corporation, Guhring Limited, Allied Machine & Engineering Corp., IMC Group, OSG Corporation, Kennametal Inc., Elementos de Mecanismos, S.A. de C.V. (Elmec), Fullerton Tool Company, Sumitomo Electric Hartmetall GmbH, Xinrui Industry Co., Ltd., Sorma S.p.A., Fratelli Vergnano Srl, TDC Cutting Tools Inc., TSUNE SEIKI CO.,LTD. and Cutoutil Hardware Tools Co.,Ltd.

Based on FMI’s analysis, most of the carbide tools that are sold have machine-based configuration. The report highlights significant opportunities in automatic machines or lathe machines. Convenient handling and operation, high-speed compatibility, and superior proficiency will remain the key determining factors rendering higher preference for machine-based over hand-based configuration.

Almost 90% of carbide tools are coated, which affirm their improved performance over non-coated counterparts. Despite a high price point associated with the former, FMI anticipates that the revenue of coated tools will remain dominant over non-coated tools, as performance has become the paramount. Adoption for woodworking applications will sustain sales of non-coated carbide tools.

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By Segment:

By Product Type:

  • Circular Saw Blades
  • CNC Inserts
  • Router Bits
  • Cutters
  • Mills
  • Tap & Dies
  • Reamers

By end user:

  • metal fabrication
  • automotive & transportation
    • automotive
    • railway
    • aerospace
    • marine
  • heavy machinery
  • construction
  • furniture & carpentry
  • oil & gas
    • fabrication
    • manufacturing purposes
  • other manufacturing

Woodworking Router Bits Market Is Estimated To Exhibit A CAGR Of Close To 5% Between 2019-2029

Gains in the woodworking router bits market would be realized by grooving operations, which will capture nearly half of overall market stack. Their applicability in almost all wood types such as plywood, chipboard, medium-density fiberboard (MDF), and hardwood is reflecting value-capture prospects for manufacturers.

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Moreover, the adoption of woodworking machines in grooving operations is likely to surge at a promising pace. Although they hold a relatively lower market share, manufacturers are also unlocking revenue streams from cutting and jointing & rebating operations. According to a new research report published by Future Market Insights (FMI), the global woodworking router bits market is estimated to exhibit a CAGR of close to 5% during the forecast period of 2019-2029.

Key Takeaways of Woodworking Router Bits Market Study

  1. Woodworking router bits have prominent application in engraving and carving all kinds of wood such as chipboard, plywood, hardwood, and softwood, and play a crucial role in the furniture industry.
  2. Targeting the expanding DIY consumer segment, manufacturers are offering customized products, which facilitate effective usage in handheld operations such as drilling, cutting, milling, etc.
  3. The most common types of router bits available in the market are handheld router bits and CNC router bits. Handheld router bits are limited to specific applications, resulting in steady market growth, whereas, CNC router bits are versatile, providing lucrative business avenues for investors.
  4. Out of all woodworking operations, grooving holds a significant share, and is projected to witness maximum growth during the forecast years.
  5. In recent years, the market has witnessed price variations, owing to diversified product lines offered by manufacturers that target a broad clientele based on the type of woodworking operation.
  6. Growing usage of wood in the design of basic utilities in commercial construction is expected to further raise the demand for woodworking router bits.

“In the woodworking router bits market, products with high-end precision and durability are necessary for complex woodworking operations. Manufacturers are capitalizing on this trend by actively providing customized products for application-specific woodworking operations.”

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By Segmentation:

Operation 

  • Jointing & Rebating
  • Cutting
  • Grooving

Shank Size

  • 1/2″
  • 1/4″
  • 3/8″
  • 3/4″
  • 5/8″
  • 5/16″

Tool Type

  • Rabbeting Bits
  • Door/Window Making Router Bits
  • Flush Trim Router Bits
  • Edge Making Router Bits
  • Grooving Router Bits
  • Slot Making Router Bits
  • Spiral Router Bits
  • Straight Router Bits
  • Others (Chamfer, Bead, Dove Tail, Thumbnail, Molding, Round Over, Flat Rounding, Ogiee, Cove, Stile)

Region

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

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Competitive Landscape

The woodworking router bits market has become increasingly competitive as manufacturers are launching advanced products that offer various operational benefits and are compatible to the woodworking industry. There are a significant number of organized and unorganized players actively operating in the global market. Key players involved in the woodworking router bits market are Robert Bosch GmbH, Stanley Black and Decker, Kanefusa Corporation, Amana Tool Corporation, and CMT Utensili SpA, among others. The offering of versatile router bits can be a differentiating move for manufacturers in the global market.

Global Power Tools Market Is Expected To Reach US$ 33.36 Bn In 2021 And Growth Rate 5.1% CAGR Between 2021-2031

The global power tools market is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. As per Future Market Insights (FMI) analysis the global power tools market is expected to be reach US$ 33.36 Bn in 2021.  The demand is expected to soar as construction activities surge around the world. According to FMI, construction applications will account for maximum sales in the market through the forecast period. Besides this, the rising trend of do-it-yourself activities will fuel sales opportunities for the market.

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The COVID-19 pandemic has severely affected the global economy. Resulting in manufacturing plants shutdowns, coupled with supply chain disruptions owing to nationwide lockdowns across the globe, subsequently resulting in the plunge in the power tools market growth. However, the market is expected to recover sharply as the economic activities resume post the containment of pandemic. Manufacturers are focusing on scaling up their production capabilities with improved production rate creating positive prospected for the power tools market growth.

Key Takeaways of Global Power tool Market Study

  1. Power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
  2. Overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
  3. U.S. is expected to spearhead growth in North America, accounting for over 62% of overall share in the region in 2021
  4. U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
  5. Outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

Competitive Landscape

The global power tools market is highly competitive market owing to presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain competitive edge.

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Some of the leading companies operating in the market are:

  • Robert Bosch Power Tools GmbH
  • Stanley Black & Decker, Inc.
  • Makita Corporation
  • Hilti Corporation
  • Atlas Copco AB
  • Techtronic Industries Company Limited
  • Snap-on Incorporated
  • Actuant Corporation
  • Husqvarna AB
  • Illinois Tool Works
  • Panasonic Corporation
  • Hitachi Corporation
  • Ingersoll Rand, Inc.
  • Enerpac Tool Group
  • Kyocera Corporation
  • Apex Tool Group
  • Ridgid Tools
  • Koki Holdings Co., Ltd.

According to FMI, offline sales channels will continue dominating through the forecast period. By 2021, offline sales are expected to account for 64.3% of the overall share. Offline sales offer instant gratification, which continues to be a key driver.  However, the COVID-19 outbreak has exposed the vulnerabilities of this medium. As a result, there is an increasing focus on diversification. Market players are exploring opportunities across online sales channels. According to FMI, online channels will report growth at a higher pace than their offline counterparts.

By Segment:

Product Type

  • Drilling Tool
  • Fastening Tool
  • Heat Gun
  • Angle Grinder
  • Chain Saw
  • Orbital Sander
  • Jigsaw
  • Impact Wrench
  • Circular Saw

Technology

  • Electric
    • Corded
    • Cordless
  • Pneumatic

Application

  • Manufacturing
    • Metal Fabrication
    • Automotive
    • Railways
    • Aerospace
    • Furniture
    • Others
  • MRO Services
    • Facility Management
    • Automotive
    • Aerospace
    • Other Industrial
  • DIY
  • Construction

Sales Channel

  • Online
  • Offline

Region

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

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Electric and pneumatic are currently the leading technologies available, of which the demand for the former has been surging at a higher pace. The advent of cordless technology is expected to fuel growth opportunities within the market. Some of the leading players such as Bosch, Milwaukee, Hitachi, and others include cordless power tools in their portfolios.

Also driven by surging demand, they are increasingly investing in the launch of advanced technologies, which will ultimately fuel demand within the electric category. For instance, Bosch has recently launched cordless power tools in-built with lithium-ion batteries in June 2019. According to FMI, over 6 out of 10 power tools sold will be from the electric category in 2021

ADAS Calibration Equipment Market 2021 | Present Scenario and Growth Prospects 2029

The ADAS calibration equipment market has been significantly impacted by the ongoing coronavirus pandemic in 2020. Restrictions on operations and supply chains of the global automotive industry in addition to shortages of manpower and components owing to supply chain disruptions has limited short term growth of the industry.

According to analysts from Future Market Insights (FMI), the ADAS calibration equipment industry is expected to display a very impressive 11.4% CAGR for the assessment period between 2020 and 2030. As per the latest report the market is likely to gain ground with investments in the automotive industry towards technology needed for autonomous driving functions.

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The ADAS calibration equipment sector will largely display an upward trajectory for the duration of the projection period, driven by frequent innovations in ADAS camera and sensor technology and product development investments by calibration equipment manufacturers. On the other hand, the high costs of ADAS systems, lack of consumer awareness, and applications restricted primarily to premium vehicles limit demand for ADAS calibration equipment.

Key Takeaways

  • The advanced driver assistance system calibration equipment market size was valued at over 226 million in 2019, with demand slipping significantly during the covid-19 pandemic, owing to strict lockdown regulations restricting automotive production operations.
  • Passenger vehicle applications of ADAS calibration equipment are major contributors to revenue, aided by favorable safety regulations imposed by the EU government, and higher global demand for premium vehicles.
  • Automotive OEMs hold a larger market share than that of service stations and tier 1 suppliers, on the back of spending capabilities for large-scale use of cutting-edge tech in the ADAS sector. However, services stations are also projected to reflect a sharp rise through 2030.
  • Europe will remain a leading regional market for ADAS calibration equipment through 2030, with lucrative opportunities arising from the presence of international automotive manufacturers and favorable regulations assisting market growth for the long term.

“Rising demand for advanced features in passenger vehicles is a key factor boosting the demand for ADAS calibration equipment. East Asia is projected to display rapid growth in the coming decade, with rising adoption of ADAS in mid-range vehicle offerings,” says a lead analyst at FMI.

adas calibration equipment market

Covid-19 Impact on Advanced System Driver Assistance Calibration Equipment Market

The covid-19 pandemic has had a negative impact on the ADAS calibration equipment market. Restrictions on the automotive industry have resulted in delays in terms of automotive production, which has resulted in a significant slump in short term demand.

In addition, ADAS calibration equipment manufacturers are also facing challenges in terms of cash flow, reduced access to manpower and a shortage of component supplies, which are hindering operations in the industry.

However, the market is likely to display strong recovery towards 2021, with relaxation on lockdown restrictions, pending automotive production orders, and the transition towards electric vehicles, which are expected to generate lucrative opportunities for manufacturers in the years to come.

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Who is Winning?

Future Market Insights has provided a comprehensive analysis of the strategies being employed by players in the largely consolidated ADAS calibration equipment market. Manufacturers are primarily investing in product development strategies, with the integration of cutting-edge automotive technologies to consolidate market position over competitors with a wider-ranging portfolio.

The Burke Porter Group, Robert Bosch GmbH, Hofmann Megaplan GmbH, Mahle GmbH, Cojali S.L., HELLA GmbH & Co. KGaA, Launch Tech Co. Ltd., TEXA S.p.A., and Autel Intelligent Technology Corp. Ltd. are some of the more prominent participants in the ADAS calibration equipment market.

Key Segments

Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

End Users

  • Automotive OEMs
  • Tier 1 Suppliers
  • Service Stations

Regional Outlook

  • North America (US, Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
  • Europe (Germany, UK, Russia, France, Italy, Spain, Rest of Europe)
  • South Asia (India, Thailand, Malaysia, Indonesia, Rest of South Asia)
  • Oceania (Australia, New Zealand)
  • East Asia (China, Japan, and South Korea)
  • Middle East & Africa (GCC Countries, Turkey, South Africa, Northern Africa, and Rest of MEA)

Key Questions Answered in the Report

What is the ADAS calibration equipment market size?

What is the future of ADAS calibration equipment market?

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