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As per a recent market research intelligence report released by Future Market Insights (FMI), with governments of major developed economies having increased their overall military budget and spending in the last few years, demand for military parachutes, too is estimated to grow. Growing instances of joint para-trooping exercises and increasing air-borne combing will substantially contribute to the sales of military parachutes.

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North America to Dominate Military Parachute Landscape; APAC Fastest Growing

While North America is estimated to dominate the military parachute landscape with the maximum market share, falling military spending in the Middle East over the past few years, despite increasingly growing tensions in regions like Iraq, Libya, Syria and Yemen, demonstrates a limited revenue-generating landscape in the Middle East. On the other hand, the military parachute market in Asia-Pacific is projected to exhibit a relatively higher CAGR, considering growing maritime patrol operations across South China Sea and Indian Ocean coupled with substantial defense expenditures by China and India.

“FMI forecasts notable spending on RDT&E activities, aimed at expanding the applications of parachutes used in military sector. In addition, growing demand for troop parachute and air-dropping of troops would supplement to the adoption of lightweight and high load carrying military parachutes. Light-weighting of military parachutes is expected to remain a crucial revenue generating opportunity for the manufacturers. Although nylon remains the most widely used material given its high elasticity and more resistance to mildew, Dacron and Kevlar have also been used for parachute canopies”, Senior Analyst, Future Market Insights.

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FMI Identifies Pain Points that need to be addressed

• Military Parachute Manufacturing Lacks Regulation Standardization

Manufacturers of military parachutes are governed by region-specific regulations with varied testing standards. Moreover, in the absence of uniform flammability standards, manufactures use their own testing protocols, making it difficult for such products to find prominence, at a global level.

• Military Parachutes Users are More Prone to Injuries

Although parachuting is a fast and effective way of transporting large number of troops, it also is responsible for a number of injuries and sometimes, death owing to imperfect landing. Several studies indicate that injuries in static line group is much higher compared to free fall group. In addition, light suits replacing the traditional free-fall parachute jumps for tactical operations, is projected to limit the sales of military parachutes, in the coming years.

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Round-Type Military Parachutes Generate Maximum Revenue; Ram-Air Parachutes Gain Prominence

With approximately 40 percent market share, round-type parachutes will push maximum revenue into the global military parachute market given its superior utility in in military, emergency, and cargo applications. However, advancing at a relatively higher year-on-year growth rate, compared to other types of military parachutes including cruciform parachutes and ribbon and ring/annular, the Ram Air parachutes are the most recent innovation designed to handle, spread, and mitigate the stresses of deployment at terminal velocity. Also, known as parafoils, Ram Air parachutes have the ability to lose altitude quickly, eliminating the need for spirals and S-turns, thereby making it crucial in tactical assault systems.

“In terms of application, military parachutes for personnel will account for almost 85 percent market share, by 2027-end, considering its responsive handling, safe flight characteristics, and better glide performance”.

Insights from Competitive Landscape Analysis

• Tier-1 players are projected to exhibit dominance over 35-40 percent market. Such players include BAE Systems, Safran SA, CIMSA Ingenieria de Sistemas, S.A., and FXC Corporation.
• Nearly 60-65 percent market concentration demonstrated by tier-2 players including Complete Parachute Solutions, Inc., and Aerodyne Research, LLC.

Key Takeaways – Deployable Military Shelter Market Study

• North America’s deployable military shelter market would register robust growth, driven by increasing spending on military and military personnel by the region’s governments.
• Vehicle-mounted shelters are set to witness substantial demand in the deployable military shelter market owing to increase in the need for mobile tactical operation centers.
• Sales of polymer-based deployable military shelters continues to grow at a remarkable rate, owing to their lighter weight and higher strength as compared to shelters made from composite materials.

Manufacturers in the deployable military shelter market should eye profits in the military shelters with carbon-hybrid structures. These structures are lighter in weight but have a stronger frame that provides high snow and wind tolerance as compared to their conventional counterparts. They also tend to occupy lesser space volume, thereby reducing storage and transportation costs for the military.

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Military Spending on Rise

The global deployable military shelter market is set for witness significant growth in the foreseeable future, attributable to growth in the number of overseas military bases around the world due to political unrest, and war on terror. While the U.S., China, and Russia remain top markets owing to their highest military expenditure, economies such as India, North Korea, and Saudi Arabia also represent lucrative markets for manufacturers of deployable military shelters. This high growth potential is attributable to their expanding military budgets.

Deployable Military Shelter Market: Competitive Landscape Analysis

The global deployable military shelter market is highly consolidated, with tier-1 players accounting for nearly half of the market share. Some of the key market players included in the report are Alaska Structures, General Dynamics Corporation, and AAR. The deployable military shelter market has witnessed significant advancements from key players in the recent past. Mergers & acquisitions, expansion of manufacturing facilities, and product development are some of the key strategies adopted by market players to retain their position in the global deployable military shelter market.

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Find More About Deployable Military Shelter Market Report Inclusions

FMI, in its new research report offers an unbiased analysis of the global deployable military shelter market, presenting historical demand data (2014-2018) and forecast statistics for the period 2019-2029. The study reveals insights on the deployable military shelter market and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the deployable military shelter market value chain. Readers can also find key trends and market growth scenarios based on shelter type, material, size, application, and regions such as North America, Latin America, East Asia, South Asia, Europe, Oceania, and the Middle East & Africa.

A new intelligence study published by Future Market Insights projects a moderate revenue growth outlook for agricultural and food grade rubber conveyor belts. The global sales of agricultural and food grade rubber conveyor belt are likely to reach beyond US$ 3 Bn in 2020, witnessing a steady yearly expansion in 2019 and 2020, says the report.

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Consistently growing installation of conveyor belts at a growing number of automated assembly lines set up in production plants will continue to generate robust demand for conveyor belts, according to the report.

Standard conveyor belts that deliver relatively more efficient performance translate into least turnaround time for manufacturers, and thus represent the highest adoption potential.

Key Insights Drawn from the Research Intelligence

• Standard black rubber conveyor and elevator belt owing to superior efficiency holds more than 70% share in the total market value, at present.
• Application of agricultural and food grade rubber conveyor belt in processing equipment continues to be maximum, accounting for over half the share of the total market revenue.
• Material handling and packaging equipment are projected to cover a significant market value in terms of application, equating a share of just-under 1/4^th of the global market revenue.
• With more than 60% value share in agricultural and food grade rubber conveyor belt market, synthetic rubber remains a preferred material over the natural variant.
• The end use analysis of agricultural and food grade rubber conveyor belt landscape reveals that food grains/cereals and sugar represent a cumulative share of more than 55% in the global value, followed by the vegetables segment.
• SEA & Pacific and Europe represent the largest regional markets for agricultural and food grade rubber conveyor belt respectively, contributing over 40% share in the total market value.

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Accelerated Local Food Production Is Creating Opportunities

Europe, one of the two key regions for growth of agricultural and food grade rubber conveyor belt market, has been the global agricultural hub. The EU has been playing a pivotal role in empowering local producers and farmers through CAP (Common Agricultural Policy). The ultimate objective of promoting local farming activities and supplement the overall food production levels is likely to propel sales of agricultural and food grade rubber conveyor belts in coming years.

Favorable government initiatives, improving food policies, and evolving FDA guidelines, collectively highlight growing significance of food production safety, security, speed, sustainability, efficiency, transport, and logistics across the agricultural and F&B industries. FMI thus expects emergence of a slew of lucrative deployment opportunities for agricultural and food grade rubber conveyor belt manufacturers.

FMI Tracks Competition, Emphasizing Key Developmental Strategies

Strategic Acquisitions

Leading manufacturers continue to invest in R&D of innovative, high performance materials for belt conveyors, thereby unlocking a heap of application opportunities in the near future. A growing focus of manufacturers on strategic mergers and acquisitions is likely to direct them towards an enhanced portfolio of offerings that intends to capture a larger market share through an extended outreach across the agricultural and food grade rubber conveyor belt landscape.

“Some of the leaders are exclusively strategizing acquisition of prominent Tier 3 players for an improved regional/local foothold in the market,” reports the analyst.

Maintenance Service

The global market for agricultural and food grade rubber conveyor belt is a highly fragmented landscape, with Tier 3 players holding a major share of the revenue. Looking at the intensity of competition on the global agricultural and food grade rubber conveyor belt landscape, a majority of global as well as regional players are striving to introduce maintenance service packages with an objective to cater to the growing demand for onsite conveyor belts maintenance.

As a typical conveyor belts system has an average life span of four years and requires timely maintenance check for superior performance, a wide scope lies for the incorporation of technologically advanced monitoring systems. Companies are likely to leverage their technical expertise in maintaining a differentiating edge over competition, projects the report.

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Regulatory Standards

The report also explains that the criticality of meeting multiple international regulatory standards such as FDA and EU norms remains paramount for conveyor belt manufacturers. This, especially in case of food safety management, remains a longstanding challenge raising the quality bar for manufacturers. As indicated by the report, companies operating in agricultural and food grade rubber conveyor belt landscape are constantly extending efforts to address the concerned challenges and thereby satisfy the desired regulatory guidelines.

While the competitive landscape assessment presented in the report by FMI discusses in detail the key company profiles followed by their strategic developments of late, it intends to help market stakeholders spot the most actionable strategic insights that potentially support their growth in the long run. Some of the companies active in agricultural and food grade rubber conveyor belt market that have been covered in the report include Continental AG, Cobra Group, Fenner PLC, and Artego SA.

However, due to COVID-19 crisis, several production facilities are shuttered and workforce shortages prevail. This scenario is further complicated by undersupply of raw materials and supply chain disruptions. Moreover, direct impact of the halted progress of all end-use industries is negatively impacting the growth of hydraulic gear pumps market.

Key Takeaways of Hydraulic Gear Pumps Study

1. External gear pumps will be the top selling category through 2030
2. Sales remain concentrated in East Asia and Europe
3. A third of total sales will be accounted by hydraulic gear pumps with an operating pressure of 150 – 250 towards the end of 2030
4. End users are inclined towards specialist distributors that provide engineering expertise, aftersales services, and end-to-end solutions to meet specific demands of customers

Material handling equipment plays a vital role in lean supply chain management and it is gaining traction owing to the evolving outlook of transportation and logistics across the globe. Manufacturers of hydraulic gear pumps thus need to align their product offerings with the changing material handling equipment requisites.

Increasing Adoption in Agriculture and Forestry Equipment

Agriculture sector is also a significant end user shaping up the market for hydraulic gear pumps. The demand is expected to increase for the agricultural applications. A majority of manufacturers in the global hydraulic gear pumps market are following the trends of manufacturing and providing hydraulic gear pumps specifically for agricultural and farming equipment.

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Competitive Landscape Analysis

The hydraulic gear pumps market represents a fairly fragmented market structure, owing to the presence of a large number of hydraulic gear pump suppliers across the globe. Eaton Corporation, Parker-Hannifin Corporation, and Bucher Hydraulics GmbH remain some of the market leaders, operating with medium to high level global presence. Top 10 market participants in the hydraulic gear pumps landscape currently account for more than 30% revenue share and prefer to concentrate on strategic collaboration agreements with regional leaders in distribution space. New regional distributorships will enable them to gain a competitive advantage while introducing new offerings to newer regional markets.

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Know More About the Report Coverage

The research report analyzes the total sales of Hydraulic Gear Pumps on the basis of volume (Th. units) and value (US$ Mn). The market is projected on the basis of factors such as Rising Construction Spending, Growth in Material Handling Equipment Industry, Increasing Automotive Production and Fleet Scenario, Swelling Demand for Oil & Gas, Consumption of Chemicals, COVID-19 Crisis Impact and Automation in Agricultural Activities. The scope of the research report includes the sales of Hydraulic Gear Pumps used in Construction Equipment, Mining Equipment, Automotive, Material Handling Equipment, Off Highway Vehicles, Processing Industry and Other Industrial Machinery and Equipment. As per our research scope, we have considered the External Gear Pumps and Internal Gear Pumps.

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

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

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

The visibly growing adventure tourism trend in APAC is also identified to point to promising business opportunities for manufacturers and distributors of inflatable tents in the region. FMI study projects significant yearly growth for the APAC inflatable tents market in the next couple of years – underlining relatively higher growth in India, Australia, and China.

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Military Application Base of Inflatable Tents Continues to Expand

While the global military expenditure is observing a constant rise over the recent past, developing economies in Asia Pacific, MEA, and Oceania mark their presence as the key contributors towards this expanding military spending. Moreover, the military budget nub is gradually shifting away from the Euro-Atlantic region. In addition to this, growing overseas troop deployment is playing a crucial role in raising considerable demand for inflatable tents from the military sector of in developing economies.

Will Poly Cotton be the Next Choice of Primary Raw Material for Inflatable Tent Manufacturers?

Although PVC and poly cotton currently hold a similar value share in the inflatable tents landscape, nylon accounts for a relatively lower share. Poly cotton is however likely to encounter healthy incremental opportunity, outpacing PVC in the coming years. By 2020 end, FMI report forecasts the peak of year on year revenue growth for the poly cotton based inflatable tents. High strength, superior heat resistance, durability, and affordability collectively account for a growing revenue share of poly cotton in inflatable tents market. Environmental regulatory standards regarding the usage of PVC as a raw material in manufacturing is representing a vital factor influencing the sales performance of PVC in inflatable tents landscape.

Segmental Analysis of Inflatable Tents Landscape

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

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Key Insights Drawn from Competitive Landscape Analysis of Inflatable Tents Market

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

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