Market Research Blog – Page 14716 – New Product Development

Carbide Tools Market By Product Type- Circular Saw Blades, CNC Inserts, Router Bits for 2018-2028 : FMI

Future Market Insights (FMI)’s upcoming research study on the global Carbide Tools market lays bare undercurrents and opportunities for key market stakeholders. The report provides in-depth insights on the Carbide Tools market through a detailed analysis of key growth drivers, restraints, trends, challenges, and revenue growth based on historical data. Valuable information and forecast statistics covered in the Carbide Tools market report will help existing and potential new market players to craft long-term strategies as well as maintain business continuity during a crisis.

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COVID-19 Impact Analysis

As with many industries, the recent outbreak of the COVID-19 has adversely affected the industrial automation & equipment industry. The Carbide Tools market is no exception. Following government’s measures, particularly social distancing norms and shelter-in-place orders, companies active in the Carbide Tools market have put their production on a halt. Additionally, movement restrictions have created a logistical nightmare for market players, while the lack of ‘essential’ status caused a decline in sales.

The FMI’s report covers an exclusive chapter on the initial COVID-19 impact on the Carbide Tools market. This allows both incumbent companies and new entrants to understand the market scenario during a crisis and helps them make sound decision to gain a distinct competitive edge.

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Carbide Tools Market: Segmentation

To analyze the Carbide Tools market effectively and efficiently, the information has been segregated into key segments and sub-segments.

By Product Type, the Carbide Tools market is segmented into

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

By end user, the Carbide Tools market is segmented into

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

Carbide Tools Market: Competition Analysis

The FMI’s study presents an extensive analysis of global, regional, and country-level players operating in the Carbide Tools market based on their innovative launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Carbide Tools market report.

Key players covered in the report include:

KYOCERA Corporation,
Sandvik AB,
YG-1 Co., Ltd.,
Makita Corporation,
CERATIZIT S.A.,
Mitsubishi Materials Corporation,
Guhring Limited,
Allied Machine & Engineering Corp.,

Crucial Questions Answered in the Report

Which end-use industry remains the top consumer of Carbide Tools in different regional markets?
At what rate has the global Carbide Tools market been expanding during the forecast period?
How will the global Carbide Tools market look like by the end of the forecast period?
What innovative technologies are the Carbide Tools market players adopting to stay ahead of the pack?
What are the restraints affecting the growth of the global Carbide Tools market?

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Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Carbide Tools market

Dewatering Pumps Market is expected to rise to a valuation of US$ 9,510.2 Mn by the end of 2028.

The global dewatering pumps market is identified as a fairly concentrated market with the organized sector having a share of around 49% of the global market followed by Tier 2 and small scale manufacturers. The principal aim of the manufacturers has been the expansion of market footprint via extension of their product portfolio and strengthening of the sales and distribution network.

Leading players in the market are focused to shift their production bases to Asia Pacific in order to capitalize on the economies of scale. The global market, characteristically, is poignant towards consolidation. Several mergers were seen during the recent past; the same trend is anticipated to continue over the coming years with profitability to remain as the core strategy behind these acquisitions.

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Long-term tie-ups with EPC (Engineering Procurement and Construction) companies are expected to provide high and stable sales to international manufacturers of dewatering pump. Most sales of small and medium capacity pumps take place through distributors and retailers, which generally hold multi-branded & wide variety products at their shelves.

Providing integrated offerings through diverse range of products and developing strong distribution and aftersales service network at regional and local level can provide significant opportunities for growth. In order to gain competitive advantage, strong focus on life-cycle costs analysis, including reducing operating costs through energy-efficient solutions, is highly required for product differentiation.

According to the report by Future Market Insights (FMI), the global dewatering pumps market is expected to witness a CAGR of 5.2% from 2018 to 2028. In 2017, the market was worth US$ 5,498.6 Mn and is expected to rise to a valuation of US$ 9,510.2 Mn by the end of 2028.

Burgeoning Exploration Activities for New Sources of Water to Trigger High Demand

Governments of emerging economies in Asia Pacific and MEA, particularly in countries such as South Africa, Morocco and the UAE, are focusing on improving drinking water facilities in urban as well as rural areas. Also, exploration of new water sources is expected to increase sales of pumps with enhanced capacity and efficiency for agricultural and domestic applications. Desalinization projects are also expected to contribute to adoption of pumps, as most parts of the globe still lack the basic facility of running water.

An estimated 60% of the world is still without running water. ASEAN region is witnessing increase in water supply and sanitation projects by governments, which is likely to boost sales of centrifugal pumps for domestic and agricultural applications. It has been estimated that only 50% of the global population has access to drinking water from a piped connection providing running water in their homes or compounds. As per the analyst, the demand for dewatering pumps across the globe, especially in ASEAN countries will increase owing to these reasons.

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Market Taxonomy

By Equipment

Civic Infrastructure Construction
- Commercial Construction
- Tunnels
Mining & Metals
Paper & Pulp
Chemicals
Power Generation
Food & Beverages
Municipal
Others

By Capacity

0.5-3 hp
3-10 hp
10-50 hp
Above 50 hp

By Region

North America
Latin America
Western Europe
Eastern Europe
Middle East & Africa
China
South East Asia & Pacific (SEAP)
India
Japan

By Application

Sludge Pumps
Slurry Pumps
Drainage Pumps
Hybrid Pumps

By Technology

Positive Displacement Type
Centrifugal Type

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Low Priced China-based Pumps to Act as Hindrance to Market Growth The presence of numerous Chinese players who are offering low-priced pumps acts as a restraint to most regional and global players offering pumps. The surging price pressure from these players is influencing the main suppliers to offer high-quality, reliable, efficient, and technologically-advanced pumps at competitive prices. However, the price sensitive nature of the market is a restraining factor on overall revenue growth potential of the global pump market.

Emergence of China as a major producer of low cost pumps, is has disrupted the market to a certain extent. In order to overcome this challenge, international pump vendors need to differentiate their products through various additional services and integration of advanced technologies.

Hydraulic Gear Pumps Market reaching the valuation of US$ 2.5 Bn at the end of forecast period

Hydraulic gear pump sales continue to grow strong with the construction industry’s growth, sustained automobile sales, and adoption by mining industry operators. A recent Future Market Insights (FMI) study projects a steady growth outlook for the global hydraulic gear pumps market, reaching the valuation of US$2.5 Bn at the end of forecast period (2010 – 2030). Greater emphasis on upgrading existing pump models to enhance their energy efficiency quotient will mark an important trend in the hydraulic gear pumps market. High manufacturing costs however remain a longstanding challenge limiting the rapid growth of hydraulic gear pumps market, says the FMI study.

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Material handling equipment plays a vital role in lean supply chain management and it is gaining traction owing to the growing 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.

Hydraulic Gear Pumps Market Outlook & Key Findings

Hydraulic gear pumps market will witness a growth rate of just about 3% in 2021 over that projected for 2020
In the following decade, these is expected rise in demand for material handling equipment and construction equipment will primarily drive the sales of hydraulic gear pumps
Increasing demand for low maintenance pump solution from various end users, as hydraulic gear pumps are having relatively high maintenance costs that lead to increasing operating expenses
Despite high maintenance costs, controllable output and ability to tackle a wide range of viscosities continue to drive preference for hydraulic gear pumps over other pump types
A majority of market participants are developing long-term agreements and collaborations with OEMs for long-term business opportunities and a competitive advantage in global market.

Hydraulic Gear Pumps Market: Taxonomy

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

Type

External Gear Pumps
Internal Gear Pumps

Operating Pressure

Upto 15 bar
15 – 50 bar
50 – 150 bar
150 – 250 bar
250 – 300 bar
More than 300 bar

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End Use

Construction Equipment
Mining Equipment
Automotive
Material Handling Equipment
Off Highway Vehicles
Processing Industry
- Chemicals
- Petrochemicals
- Oil & Gas Refineries
- Others
Other Industrial Machinery and Equipment

Region

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

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.

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.

Cup Fill and Seal Machine Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Cup Fill and Seal Machine Market Overview

Wide applications of cups across product categories including dairy foods, fresh fruit juices, mineral water, etc. has compelled the need for technological advancements in the packaging equipment such as cup fill and seal machines. Cup fill and seal machines are easy to use and quick in functioning, allowing effective packaging support and efficiency in operations. Cup fill and seal machines are capable of filling products of varied nature such as thick stews or liquid solutions like water.

Packaging market has introduced a wide variety of single serve packaging systems into the market basically due to the increasing demands among the working population. These cup fill and seal machines offer versatility and customizing capabilities as they have many customization options available for the user, including the rotary tables, multiple stations, output rates and different frame sizes.

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Cup Fill and Seal Machine Market- Market Dynamics:

Increase in per capita disposable income is a major factor driving the cup fill and seal machine market. The growth of the food industry and the innovations has driven the industry further, thus propelling the cup fill and seal machine market. Cup fill and seal machines are automatic and the process thereby is easy to use with a very low failure rate and thus contribute to the growth of cup fill and seal machine market.

The presence of high hygienic conditions and sterile rooms for sealing act as a primary factor for the growth of cup fill and seal machine market. The machines are made up of stainless steel and aluminum alloy protecting the machine from any kind of rusting or corrosion thus providing a longer shelf life and the added flexibility of machine is causing the cup fill and seal machine market to grow. The new trend in the cup fill and seal machine market is the new variety of machines being launched such as the rotary, linear, and pneumatic cup fill and seal machines to customize the machines according to the user’s requirements.

Cup Fill and Seal Machine Market- Market Segmentation:

The cup fill and seal machine market can be segmented on the basis of machine type, end use, cup material type, and lid type. On the basis of machine type, the cup fill and seal machine market can be segmented into automatic, semi-automatic, and manual machines where the automatic cup fill and seal machines are the major contributors to the market supply.

On the basis of end use, the cup fill and seal machine market is segmented into dairy products, salads, baked foods, confectioneries and others. On the basis of cup material type, the cup fill and seal machine market is segmented into plastic (PS, PE and PET) cups, paper/paperboard cups and aluminum cups. On the basis of lid type, the cup and fill machine market is segmented into straight seals, pre-cut lids, and others.

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Cup Fill and Seal Machine Market- Regional Outlook:

Cup fill and seal machine market is present all over the globe comprising of various local and international players whereas geographically, the cup fill and seal machine market can be segmented into five key regions namely, North America, Asia Pacific, Europe, Latin America and Middle East and Africa. North America being the leading manufacturer of primary packaging also lead in the manufacturing of cup fill and seal machine, followed by Asia-Pacific and thus is anticipated to witness a significant growth over the forecast period. Europe is the emerging market for cup fill and seal machine market and expected to have a healthy growth over the forecast period.

Cup Fill and Seal Machine Market- Key Players:

Some of the key players of cup fill and seal machine market are Novapac Verpackungsmaschinen GmbH, Orics Industries Inc., Trepko A/S, Ilpra S.p.a., Robert Bosch GmbH, Packline Ltd, Serac Group SA, Amtec Packaging Machines, and Prasanna Packaging Machinery Pvt. Ltd.

The report offers an accurate evaluation of the market through detailed qualitative insights and verifiable projections about market size. The projections presented in the report have been derived using proven research methodologies and assumptions.

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The 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 and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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

Underground Mining Equipment Market 2021 Industry Research, Segmentation, Key Players Analysis and Forecast to 2025

Future Market Insights (FMI), in its new study, evaluates the ongoing developments in the underground mining equipment market and projects their impact on the growth of the market between 2019 and 2029. The study projects that the sales of underground mining equipment of worth ~US$ 14 Bn were recorded in 2018. However, the market value is likely to grow at a passive CAGR of 2.4% through 2029.

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Rising adoption of automatic underground mining equipment among manufacturers to sync with the ongoing trends in the ever-evolving mining industry is set to incur tech-driven transformations in this landscape, opines the study. In addition, stringent emission regulations regarding controlled diesel emission and personnel safety in the mining industry are likely to stimulate innovations that can enable dealing with the relentless pricing pressure more efficiently, and mitigate the environmental impacts of new-age underground mining equipment.

Advanced techniques of mining and their impacts on various socio-economic factors have been a prolonged concern worldwide. The shift of a majority of miners from surface or open pit mining to underground mining has further amplified concerns vis-à-vis human safety and the environmental impacts.

Technology is emerging as the most efficient tool for introducing enhanced features in underground mining equipment, and FMI’s study examines the influence of advancements in technologies and other microeconomic factors on the growth of the underground mining equipment landscape.

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Mineworkers’ Staunch Inclination towards Hard Rock Mining Equipment

FMI’s study finds that every 7 out of 10 underground mining equipment sold in 2018 were designated to applications associated with hard rock mining platforms. Increasing demand for hard rock minerals, such as copper, gold, zinc, and lithium, in wide-ranging industries has given rise to hard rock mining activities in the mining industry. Leading players in the underground mining equipment landscape are focusing on catering to the thriving need for improved productivity in underground hard rock mines with the launch of next-generation mining equipment.

In addition, conventional hard rock mining techniques result in the release of toxic gases including carbon dioxide (CO₂), and Sulphur dioxide (SO₂) among others, which is triggering the adoption of electric equipment in hard rock mines. In addition, the study finds that coupling of underground mining equipment that can carry out multiple operations including parallel cutting, loading, and hauling operations are likely to witness high demand in the coming years.

Key Segment

By Product Type

Mining Loaders
Mining Trucks
Mining Drills
Mining Bolters
Mining Shearer
Continuous Miners
Mining Excavators & Shovels
Mining Scalers
Others

By Mining Technique

Soft Rock Mining
Hard Rock Mining

By End Users

Mining Operators
Rental Service Provider

By Region

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

Visibly Growing Preference for ‘Rental’ over New

In rough terrains such as the mining industry, constant wear and tear of mining equipment lead to high replacement rates, incurring significant depreciation costs to the end users. As large mining machinery, including underground mining equipment, come with a significantly high price tag, purchasing a new equipment creates the need for high capital investments.

A majority of miners are inclined towards purchasing used or refurbished equipment, even considering the option of renting rather than investing in new underground mining equipment. Since a majority of mining businesses are looking for reducing their initial investments, rental service providers are likely to gain traction among in the coming years.

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FMI’s study finds that more than half the revenue share is accounted by rental service providers in the underground equipment market. Increasing end user preferences for rental equipment are fostering the progression of this trend in the market. A mounting number of rental service companies are offering refurbished mining equipment that are specifically tailored to suit the requirements of the underground mining sector. The FMI report also finds that leading stakeholders and investors in the underground mining equipment landscape are zooming in their strategic focus on providing rental service packages to suit changing needs of their customers, regarding the inventory of equipment.

Marine Radar Market’s valuation to reach US$ 971 Mn by the end of 2031 : FMI

Future Market Insights (FMI) in a new study has presented optimistic outlook for the marine radar market, especially with the advent of next generation solid state radars. The demand is expected to remain consistent through the forecast period, enabling the market register Y-o-Y growth at little above 2% in 2021.

Maritime safety and efficiency is of utmost concern when it comes to merchant marine. Hence the segment dominates in terms of application and position is expected to remain impact through the course of the report’s forecast period. Also, the rising military and naval application to enable market players maintain a strong footing.

According to FMI, X-Band radar holds significant share in the market. It is also used in a wide range of applications including merchant marine, fishing vessels, yacht/recreational and military/ naval. Technology advancement and growing demand for progressive intrusion detection systems are underpinning the market growth. FMI has projected the market’s valuation to reach US$ 971 Mn by the end of 2031.

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Key Takeaways of Marine Radar Market Study

The global marine radar market is projected to expand at a CAGR of ~2.4% by during the forecast period of 2021-2031
The U.S. will remain a key pocket for sales, accounting for over 90% of the North America Market based on value in 2021
Slump in growth is likely in the U.K. following the pandemic outbreak in 2020. FMI projects the market to record -0.5% Y-o-Y growth in 2021. However, recovery is on cards 2022 onwards
Germany will remain a bright spot for sales in Europe, while negative growth is likely in France as well
After sluggish return in 2020, sales in both Japan and South Korea market are likely to improve

“With the increase of naval fleet and quantum of capital investments for navigation and communication systems across regional defence sectors at a healthy rate, the demand of marine radar is expected to be buoyed in wake of the mentioned factor. Furthermore, market is also expected to evolve towards maintenance & services domain for the market participants to extend their business footprint.” says a FMI analyst.

The demand for Marine Radar is expected to grow at moderate rate owing to its increasing consumption in Merchant Marine application. Military Naval is the segment is expected to grow during the forecast period with fastest CAGR. Naval sector plays an important role in structuring command on the marine radar market. China and India are the major target locations for supply of Marine Radar for manufacturers.

Key Segments

Product Type

X Band Radars
S Band Radars

Application

Merchant Marine
Fishing Vessels
Yacht/Recreational
Military/Naval

Region

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

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Who is Winning?

The global marine radar market is equally integrated at global and regional levels. Some of the leading players included in the report are FURUNO ELECTRIC CO., LTD., Northrop Grumman Corporation, Lockheed Martin Corporation, Saab AB, Japan Radio Co. Ltd., BAE Systems, JRC (Alphatron Marine), and Garmin, Raytheon Company, Wärtsilä SAM Electronics Gmbh, Transas Marine International AB and others. To gain competitive advantage in the market, market participants are involved in acquisition activities expansion, merger, and expansion with regards to excessive market growth.

Want to Know More?

Future Market Insights has released a Marine Radar market research report providing the 2016-2020 global industry analysis and the 2021-2031 opportunity assessment. The report provides an in-depth analysis of the Marine Radar Market across various segments, namely the type, application and region of the product. The Marine Radar Market study, along with an overview of the parent market, also provides supply and demand trends.

Key Questions Answered in the Report

Which is the most lucrative market for marine radar?

China currently leads the global market for marine radar. China will continue accounting for more than half of the East Asia market for marine radar through the forecast period.

Which type of marine radar is more in demand?

X Band Radars are highly preferred for many applications. The demand for X Band Radars is expected to remain high in the near future, especially due to its increasing use in various applications in merchant marine and fishing vessels.

Which end-use application is exhibiting high demand for marine radar?

Marine radar are widely used in merchant marine applications. Their usage in fishing vessels and yacht/recreational is rising day-by-day.

Which are some of the leading companies providing marine radar?

Some of the leading companies manufacturing marine radar are FURUNO ELECTRIC CO., LTD., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Japan Radio Co. Ltd, etc.

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Enquiry before Buying

Is this research conducted by Future Market Insights?Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst.
What research methodology is followed by FMI?FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology.
Who are the respondents for primary research?FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
What are the sources of secondary research?FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Is a sample of this report available for evaluation?Yes, you can request a sample and it will be sent to you through an email.
How can I buy this report?FMI provides a secure online payment system to buy report effortlessly. You can buy the report securely and safely.

Middle East conveyor belts market is projected to register a healthy CAGR of 4.3% in terms of value during the forecast period : FMI

Future Market Insights (FMI) delivers key insights on the Middle East Conveyor Belts in its latest report titled, ‘Conveyor Belts Market: Middle East Industry Analysis and Opportunity Assessment, 2016-2026’. Middle East conveyor belts market is projected to register a healthy CAGR of 4.3% in terms of value during the forecast period (2016–2026). This is attributed to various factors, regarding which FMI offers detailed insights in its report.

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On the basis of product type, the Middle East conveyor belts market has been segmented into metal-reinforced rubber conveyor belt, fabric-reinforced rubber conveyor belt and plastic conveyor belts.

Metal-reinforced rubber conveyor belt segment has been estimated to account for 27.3% value share of the market in 2015 and is expected to register a CAGR of 4.6% over the forecast period.

By cover type, Middle East conveyor belts market has been segmented into conductive conveyor belt, abrasion-resistant conveyor belt, heat- and flame- resistant and oil-resistant conveyor belt. Conductive conveyor belt segment has been estimated to account for 13.5% value share in 2015 and is expected to register a CAGR of 5.7% over the forecast period. However, in terms of value, abrasion-resistant conveyor belt segment is projected to be dominant by 2026, accounting for market share of 37.8%, as compared to heat- and flame- resistant segment, with 28.0% share.

On the basis of application, the Middle East conveyor belts market is segmented into mining, food production industry, commercial, construction industry, electricity generating stations, automotive industry, chemical & fertilisers and packaging industry — among these, mining segment has been estimated to account for value share of 22.9% in 2015, which is projected to decrease to 22.5% by 2026. The commercial segment is projected to exhibit the highest CAGR of 5.5% over the forecast period.

By weight, Middle East conveyors belts market is segmented into lightweight, medium-weight and heavyweight — among these, medium-weight segment has been estimated to account for a value share of 49% in 2015, which is projected to increase to 49.5% by 2026. The lightweight segment is projected to exhibit the highest CAGR of 5.0% over the forecast period.

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Factors Driving the Middle East Conveyor Belt Market

Growth of the Middle East conveyors belts market is mainly driven by increasing adoption of automated production lines across various industries and rising number of construction sites in Middle East region. Other trends driving growth include improvement of belt materials in conveyor systems and government initiatives to encourage local food production in the Middle East. High dependence on raw material imports and low profit margins for manufacturers are certain factors restraining growth of conveyor belt market in the Middle East.

Middle East Conveyor Belt Market: Country-wise Analysis

Turkey has been estimated to dominate the Middle East conveyors belts market, with over 35.0% market share in Middle East region in 2015 and is anticipated to remain dominant by 2026, followed by KSA (The Kingdom of Saudi Arabia) and UAE (United Arab Emirates). Among all the countries in Middle East, KSA market is anticipated to register the highest CAGR over 2016–2026, followed by UAE. This is mainly attributed to increasing demand from construction and mining industry in KSA and increase in number of mining projects such as limestone production in UAE.

Key Players in Middle East Conveyor Belt Market

Key players in the Middle East conveyor belt market include Al Kuwaiti Industrial Solutions, Arabian Universal, Bridgestone Corporation, ContiTech AG (Continental AG), Derby Conveyor Belts Industry and Trade Inc., FaBa Commercial Services, Fenner Dunlop Conveyor Belting, Kale Conveyor, Phoenix Conveyor Belts Systems GmbH, Schieffer Magam Industries Ltd., Semperit AG Holding and Ziligen A.S.

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Major participants are focusing on collaborations and partnerships with service providers to enter into new markets. These key players are also focusing on expanding their offerings and provide end-to-end solutions, which entails conveyor belt manufacturing, service, and maintenance.

Global Robotic Gripper Market is projected to increase at a CAGR of ~ 10% between the forecast period of 2019 and 2029.

A new market research study by Future Market Insights on the robotic gripper market contains global industry analysis 2014-2018 and opportunity assessment 2019-2029. The report investigates the robotic gripper market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global robotic gripper market is anticipated to experience substantial growth over the forecast period, due to multiple driving factors such as, use of smart materials for enhanced capabilities and growing horizon of applications along with increased number of end-use industries.

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The global robotic gripper market was valued at ~ US$ 1 Bn in 2018 and is projected to increase at a CAGR of ~ 10% between the forecast period of 2019 and 2029. This growth is significantly driven upsurge in the automotive and electronic & semiconductor industry, introduction of specific gripper portfolio, and rise in the robotic automation in specific regions such as East Asia.

Owing to the rapid growth of factory automation in East Asia and other nations including Singapore, Malaysia, and more, the demand for robotic grippers is expected to grow at an impressive pace. According to the FMI analysis, the onset of Industry 4.0 is further expected to increase the adoption of robotic grippers in smart factories.

Surplus Growing Opportunities in the East Asia Market

Japan being one of the significant countries in robotic automation is expected to show upsurge in the robotic gripper market. South Korea has a high number of robot-10,000 employee ratio, in which China is expected to register a high growth rate in recent years, owing to high labor costs and increased automation. These countries have a major share in the global robotic gripper market, hence East Asia is expected to generate substantial growth opportunities for the robotic gripper market.

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Use of Innovative Smart Materials to Surge the Market Growth

The global robotic gripper market has been segmented based on the different types of grippers, multiple jaw types, their multiple operations, different segments of applications, end use industry and regions such as Americas, EMEA (Europe, Middle East and Africa), SAP (South Asia Pacific) and East Asia.

Robotic gripper technology has been incessantly growing in the recent years, consecutively growing the robotic gripper market. Use of smart materials to make more adaptive and flexible grippers is taking place. More advancement is expected to happen in electric and pneumatic grippers which will help the robotic gripper market growth exponentially.
With respect to application robotic gripper market is expected to show a large growth in material handling segment as it is prominently used in end use industry. Followed by general assembly segment which is projected to have a fair share in the market growth.
Automotive industry is one of the significant drivers of the robotic gripper market followed by electronics and semiconductors industry. Availability of vast gripper range which are application specific in nature enhance the precision and speed requirement in these industries.

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Key Segment

Robotic Gripper Market By Product Type

2-Jaw Grippers
Angular & 3-Jaw Grippers
O-Ring Grippers
Niddle Grippers
Vacuum Cups
Magnetic Grippers
Special Purpose Grippers
Others (Electrostatic, Bellow, Toggle)

Robotic Gripper Market By Application

Material Handling
General Assembly
Inspection & Others

Robotic Gripper Market By End Use

Automotive & Transportation
Electronics & Semiconductors
Food & Beverages
Chemicals & Pharmaceutical
Logistics
Healthcare
Others

Robotic Gripper Market By Region

Americas
EMEA
South Asia & Pacific
East Asia

Robotic Gripper Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global robotic gripper market. Few examples of key players in the market are

Soft Robotics, Inc., Piab AB, Applied Robotics, ABB Limited, Grabit Inc., Yaskawa America Inc., J. Schmalz GmbH, Festo AG & Co. KG, Onrobot, Bastian Solutions, COVAL VACUUM TECHNOLOGY Inc.,

and Brenton Engineering, among others. The global robotic gripper market players are primarily focusing on development of product, such as flexible robotic gripper, electrostatic robotic gripper, and vacuum robotic gripper, that can react more and more similar to human arm and has a wide range of payload capacity for different end use industries in order to gain greater share in the robotic gripper market.

For additional insights on the Robotic Gripper landscape, write to the analyst at press@futuremarketinsights.com

Global Robotic Gripper Market is projected to increase at a CAGR of ~ 10% between the forecast period of 2019 and 2029 FMI

Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-7604

Surplus Growing Opportunities in the East Asia Market

Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-7604

Use of Innovative Smart Materials to Surge the Market Growth

Robotic gripper technology has been incessantly growing in the recent years, consecutively growing the robotic gripper market. Use of smart materials to make more adaptive and flexible grippers is taking place. More advancement is expected to happen in electric and pneumatic grippers which will help the robotic gripper market growth exponentially.
With respect to application robotic gripper market is expected to show a large growth in material handling segment as it is prominently used in end use industry. Followed by general assembly segment which is projected to have a fair share in the market growth.
Automotive industry is one of the significant drivers of the robotic gripper market followed by electronics and semiconductors industry. Availability of vast gripper range which are application specific in nature enhance the precision and speed requirement in these industries.

For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-7604

Key Segment

Robotic Gripper Market By Product Type

2-Jaw Grippers
Angular & 3-Jaw Grippers
O-Ring Grippers
Niddle Grippers
Vacuum Cups
Magnetic Grippers
Special Purpose Grippers
Others (Electrostatic, Bellow, Toggle)

Robotic Gripper Market By Application

Material Handling
General Assembly
Inspection & Others

Robotic Gripper Market By End Use

Automotive & Transportation
Electronics & Semiconductors
Food & Beverages
Chemicals & Pharmaceutical
Logistics
Healthcare
Others

Robotic Gripper Market By Region

Americas
EMEA
South Asia & Pacific
East Asia

Robotic Gripper Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global robotic gripper market. Few examples of key players in the market are

Soft Robotics, Inc., Piab AB, Applied Robotics, ABB Limited, Grabit Inc., Yaskawa America Inc., J. Schmalz GmbH, Festo AG & Co. KG, Onrobot, Bastian Solutions, COVAL VACUUM TECHNOLOGY Inc.,

For additional insights on the Robotic Gripper landscape, write to the analyst at press@futuremarketinsights.com

Walkin’ Coolers and Freezers Market Preference for Customized and Smart Machines Growing : FMI

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 a brighter future for the walk-in coolers and freezers market.

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

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

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

Gains Remain High from Commercial Kitchens & Restaurants

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

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

According to the study, newer trends and rapid expansion of 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 factor has forced the manufacturers to innovate and enhance the visual appearance of their products without compromising on the operational functions.

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

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

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FMI’s research study also offers a long-term perspective and thorough analysis on opportunities present in the walk-in coolers and freezers market for the period between 2019 and 2029. As per the study, the global walk-in coolers and freezers market is projected to register a CAGR of 5.6% during the forecast period.

Walk-in Coolers and Freezers Market Key Segment

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)

About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry