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The demand in the industry is projected to rise especially on account of the increasing investment in commercial and residential construction. According to a study by Future Market Insights (FMI), the global rockbreakers market is estimated to expand at a CAGR of 5.9% by during the forecast period of 2021-2031.

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Key Takeaways of Global Rockbreakers Market Study

•  After a period of temporary lull, the rockbreakers market will recover exhibiting a little below 5% y-o-y growth in 2021
• Increasing mining activities will boost sales in the U.S., enabling it to account for over 69% of the North America market
• The U.K. will exhibit a steady 4.6% y-o-y growth in 2021
• Increasing construction activities will fuel demand in Germany and France
• China will exhibit increasing demand on the back of rising mining activities

“Continuously growing demand from mining sector is expected to drive the rockbreakers market throughout the forecast period. The demand from construction industry will also play pivotal role in the growth exhibited during the forecast period. Long term supply agreement with regional construction contractors and governmental agencies will provide opportunities to rockbreaking system manufacturers in the forecast period.” says an FMI Analyst.

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Competitive Landscape

The global rockbreakers market has been identified as a highly fragmented market on the back of presence of large number of market participants operating in the market. The leading players account for nearly 15% share in the global market. Some of the leading players in the market are Orica Limited, Enaex S.A, Dyno Nobel, Exsa S.A. Maxam corp Holdings, Sandvik, Furukawa, ASTEC Industries, Sichuan Yahua Industrial Group Co., Ltd, BME Mining, Hanwha Corporation, and Eurenco S.A. These players are focusing on expansion of their product portfolio and establishing long term supply agreements with key end users to attain higher market revenue shares.

Rockbreakers market is estimated to witness sound growth during 2021-2031. Manufacturers are expected to concentrate further on research and development activities to develop new and innovative products that meet personalized requirements of consumers along with improved efficiency and durability. Expansion of sales and distributor network, collaborations with regional companies to expand footprint in regional market are seen as a key strategies expected to magnify in the forecast period.

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Valuable Insights into Rockbreakers Market

Future Market Insights has published a market research report on the Global Rockbreakers Market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in depth analysis of the global rockbreakers market through different segments, namely by technology type, by end-use, and region. The Global Rockbreakers Market report also provides supply and demand trends, along with an overview of the parent market.

Since past many years mining operations have caused numerous environmental problems. Government efforts towards environmental conservations have encouraged many companies to operate more responsibly within the sector. In response to changing priorities of nations around the world, some of the players are increasingly undertaking efforts to maintain utmost operational transparency and offer most responsibly sourced colored gemstones.

Gemfields, is one such company that is adopting numerous efforts to change mining culture in light of growing sustainability.  The company is committed to undertake sustainable mining operations. Before starting any operations, it works with relevant authorities to carry out assessment of the impact on environment.

Besides this, there are few other prominent players operating in the market who are introducing initiatives and programs to minimize the negative impact on the environment and also promote social welfare. These developments are expected to have considerable influence on the market.

According to the report, increasing usage of colored gemstones in jewelry and ornaments is expected to drive the sales of colored gemstones. The jewelry and ornaments segment is forecast to account for above 85% of sales in the market through 2031.

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Key Takeaways from the colored gemstones Market Study

• FMI has forecast the market to rise at a CAGR of 5.7% between 2021 and 2031
• The U.S. will remain dominant market within North America, accounting for nearly 85% of sales in the region
• Incessantly rising demand for gemstones will enable the U.K. market exhibit above 8% y-o-y growth in 2021
• Increasing spending power of consumers will support expansion in Germany and France
• China will continue dominating East Asia market, trailed closely by Japan

“Establishment of online B2B store is expected to help the market boast increasing sales. To capitalize on existing opportunities, players are engaged expanding their sales network by collaborating with end-use industry giants.” says an FMI analyst.

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Impact of COVID-19 on the Market

The colored gemstone is a global market with expansive supply chain. Stones travel across numerous borders and many hands before they are embedded in a beautiful jewelry. The outbreak of novel coronavirus resulted in stopping travel, border closures, holding of shipping and cancellation of numerous trade shows that further hampered the market growth. The outbreak has impacted the industry mining and cutting operations and end use wholesale and retail thus affecting the sales. But as the economies enter the reviving phase the market is slowly reflecting growth opportunities.

Who is winning?

Some of the key players present in the colored gemstones market are Anglo American Plc, Gemfields group Ltd., Petra Diamonds Ltd., Rockwell Diamonds Inc., Gem Diamonds, Ltd., PJSC ALROSA, Swarovski Group, Botswana diamond Plc., Dominion Diamonds Corporation, Mountain Province Diamonds, Inc., Trans Hex Group, Ltd., MIF Gems Co. Ltd., Greenland Ruby, Merlin Diamonds, Ltd., Fura Gems, Inc. and among others. Extensive organization of trade shows, exhibitions and other such events has driven a desire among end consumers to adopt products embedded with colored gemstones.

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Get Valuable Insights into colored gemstones Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global colored gemstones market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the colored gemstones market based on the product type (colored diamond, emerald, ruby, sapphire and others), end use (jewellery & ornaments and luxury arts), and product format (natural and synthetic), across seven major regions.

The demand for switchgear was moderate in the 2020 however with it had to experience a brief period of lackluster growth on account of the unprecedented COVID-19 outbreak. Supply chain disruptions witnessed by end-use sectors such as T&D utilities, commercial, industrial and residential had restrained growth to an extent. However, considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive.

As T&D utilities sector estimated to witness healthy growth rate in the forecast period. According to the report, T&D utilities are expected account for nearly 46% of switchgears sold in 2021. Besides this, the demand is expected to surge in commercial, industrial, and residential sectors enabling growth in the market.

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Key Takeaways

• After a period of negative growth, the market will show impressive improvement, registering above 6% y-o-y growth in 2021
• The U.S. is expected to account for over 60% of sales in North America
• After a period of negative growth, the U.K. will exhibit above 6% y-o-y growth in 2021, emerging as a strong market for switchgears
• Expansion of the energy and utilities sector will enable growth in Germany and France
• Government initiatives are expected to support growth in Japan and South Korea

“Increase in demand for advancement in the switchgear and advent of smart grid are expected to give impetus to switchgears. The use of the voltage fluctuator is very common in the heavy as well commercial sectors. It is used in the transmission and distribution of energy to consumer and for running machineries. The need of the energy is increasing day by day, which has been aiding the overall expansion of the switchgear market. ” says FMI analyst.

Switchgear market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate on research and development activities and capitalize on opportunities especially in the field of T&D Utilities. Their key focus will however remain meeting requirements of consumers. Collaboration with local players and developing new technology in the form of smart grid and advanced switchgear are key strategies adopted by the market players.

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Competitive Landscape

The market is fragmented, with key players accounting for approximately one fifth of the market share. These companies are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are ABB Ltd., Siemens AG, Schniender Electric, Havells India Pvt. Ltd., Hyundai Electric and Energy System, Fuji Electric, Powell Industries, etc.

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Valuable Insights into Switchgear Market

FMI’s report on the switchgear market is segmented into six major sections – component (power distributor switch breaker, switch disconnector, MCCB, HRC fuse, earth switch, and MCB), voltage (low voltage, medium voltage, high voltage, extra-high voltage, ultra high voltage), construction type (outdoor, indoor, and others), insulation type (air insulated, gas insulated, oil insulated, and vacuum insulated), end use (T&D utilities, commercial, residential, industrial, and commercial), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the retail automation market.

Among various products available in the market, the demand for marmite is forecast to increase considerably. Marmite is expected to account for over 30% sales in terms of volume in the market in 2021. Rising focus on health and wellness will create opportunities for sales of various types of yeast-based spreads. Among claims producers offer, gluten-free will be highly sought-after.

The rising prevalence of gluten intolerance and the increasing demand for dairy free products will continue enabling sales in the market.

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Key Takeaways from Yeast-based Spreads Report

• Yeast-based spreads market is expected to rise at above 8% CAGR between 2021 and 2031
• Rising prevalence of obesity and diabetes will push demand in the U.S., enabling it account for more than 75% of sales in North America
• The rising demand for dairy-free bakery will enable the U.K. market to exhibit 4.6% Y-o-Y growth in 2021
• Expansion of the vegan food sector will support growth in France and Germany
• Expansion of retail sector will create growth opportunities in Japan and South Korea

“Rising demand for healthy snacking options will enable sales of yeast-based spreads. This trend will continue especially as consumers seek healthier food options with claims such as organic, non-GMO, gluten-free, and others,” said a lead analyst at FMI.

Health Benefits of the Yeast-Based Spreads Favours the Market Positively

Yeast-based spreads are considered to be healthy as they have a high content of B-Vitamins. B-Vitamins help in the normal functioning of the brain and nervous systems. And yeast-based spreads products such as Marmite have a high amount of B-Vitamins. They also contain niacin, riboflavin and thiamine, as well as magnesium, calcium, potassium, iron and selenium, all of which are considered to be healthy essentials for a human body. Yeast-based spreads being a healthy alternative favours the yeast-based spreads market positively which increases the growth of the market.

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Veganism Boosting the Yeast-Based Spreads Market

Yeast-based spreads are vegan products. The Vegetarian Society has certified products such as Marmite “100% Vegetarian”. The increased numbers of consumers who have turned to veganism or partly participating in the vegan trend are also boosting the yeast-based spreads market in the foreseen period. The vegan food trends are at a fast pace due to the new technological innovations which are making non-vegans adopt or try these new vegan products such as Yeast-based spreads as they are more nutritious than the other counterparts.

Diverse Applications of Yeast-Based Spreads Driving Sales

Yeast-Based Spreads are no longer considered just to be a breakfast option had with bread. Though yeast-based spreads are becoming general as a companion product for bread during breakfast time, these are increasingly used to facilitate convenience in preparing other dishes. Spreads are widely being used at corporate lunches, and convenience snacking times, dining events, apart from the conventional breakfast. For instance, Yeast-based Spreads can be used as a bakery filling and with cold dishes for lunch or dinner, savoury spreads can be used in pizza and pasta. The versatility of yeast-based spreads is thus, expected to drive the growth of the yeast-based spreads market over the forecast period.

Increasing Consumption of Yeast-based Spreads as a Flavor Enhancer

The shift among manufacturers from artificial ingredients to natural ones has resulted in the manufacturers finding alternatives for MSG which is manufactured synthetically and is used in numerous food products. This has led to a growing demand for yeast products as a food flavour enhancer. This is more popular in the developed countries as the consumers as well as food processing manufacturers are well aware of the products that are available in the market and the products that are in the development phase. Also, the consumption of processed food products has increased owing to the changing lifestyle of the consumers and the increase in urbanization. This has also increased the demand for yeast-based spread as a food flavour enhancer which is leading to an increase in the market growth of the yeast-based spreads market in the forecast period 2021-2031.

Expansion of HoReCas Creating Sales Opportunities

In Oceania and European countries where there is a larger market of yeast-based spreads, if there is a rise in the number of retail chains and HoReCa chains then the demand for the yeast-based spreads would be increased too which in turn will propel the yeast-based spreads market in the forecast period 2021-2031.

Who is winning?

Numerous companies in the yeast-based spreads market have brought in different strategies to stay ahead in the competition. For instance,

• In 2017, Bega Cheese, one of the key players of the yeast-based spreads market developed a new strategy to reduce its cost by stopping all the third-party contracts. This helped them to reduce the costs of the manufacturing

Some of the other companies are focusing on improving their product portfolio. For instance,

• In 2019, Mars acquired Foodspring, a company based in Berlin which deals with direct-to-consumer targeted nutrition company

Some of the leading companies in the yeast-based spreads market are Mars Foods, Unilever Plc., All Natural Foods of Stirling, Nature’s Blend, Jardox Ltd., Sanitarium Health & Wellbeing, Bramwells, AussieMite, Marmite (New Zealand), Oxo (food), VITAM, Bega Cheese, and Three Threes Condiments Pty. Ltd.

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Get Valuable Insights into Yeast-based Spreads Market

Future Market Insights, in its new report, presents an unbiased analysis of the global plant-based nuggets market, covering historical demand data and forecast figures for the period between 2021 and 2031. The study divulges compelling insights into the growth witnessed in the market. Based on Product Type Yeast-based Spreads Market, has been classified into Aussiemite, Cenovis, Marmite, Marmite (New Zealand), Oxo (food), Vegemite, Vitam-R, Others. Based on Nature, the Yeast-based Spreads Market is segmented into Organic, Non-GMO, and Conventional. In terms of end-use, it has been classified into Food Services and Business to Consumers, where Food Services is further classified into Hotels, Restaurants and Cafes. And Business to Consumers is further classified into Hypermarkets/Supermarkets, Convenience Stores, Mom & Pop Stores, Discount Stores, Food Specialty Stores, Independent Small Groceries, Online Retail, Other Retail Formats. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.

A rainwater barrel is highly useful for preserving water for domestic water uses like washing cars, cleaning laws and even to flush toilet water. Rain barrels not only help in decreasing water bills but also helps in situations like stormwater run-off and wastage of water.

Open head rain barrels are in common use at a global level due to their ease of handling. This segment is estimated to expand 2.4x times than tight head rain barrels by the end of 2030. Also the demand for rain barrels made from plastic is expected to remain considerable high. Ease of use and price competitiveness of plastic rain barrels will aid their sales through the course of the forecast period.

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Key Takeaways of Rain Barrels Market Study

• While unprecedented COVID-19 outbreak caused setback in 2020, rain barrel sales is projected to recover as the market exhibit 1.6% y-o-y growth in 2021
• Rising focus on rainwater conservation will enable the U.S. account for nearly 85% sales in North America
• Steady growth is forecast within the U.K. and 2021 will be year of recovery as the market exhibit 1.4% y-o-y growth
• Both Germany and France will emerge as lucrative markets for sales in Europe
• China will remain leading market for rain barrels in East Asia, followed by Japan and South Korea

“Erratic climatic conditions in certain parts of the world has caused the demand for rain barrels to rise at an accelerated pace. Rain barrels in-built with the latest technologies are gradually making their way into the market. Recyclability will however remain the foremost factor driving rain barrels adoption. Government initiatives, coupled with focus on water conservation practices, will drive rain barrel sales,” Says an FMI analyst

Smart Rain Barrels Emerge as Game Changers

Uses of a traditional rain barrel were limited to storing water for rainwater harvesting. Technological advancements and recent advents in the Internet of Things (IoT) have created new possibilities. These advancements have made real-time monitoring of rain barrels possible. Integration with smartphone applications is a key game changer, allowing users to monitor from their phone.

Weather forecasts and time-controlled filling are some of the latest features incorporated in smart rain barrels. Better management of water is possible through automatic release and creating buffer capacities in rain barrels. Rain barrels can now study weather forecasts, thanks to the integration of machine learning and artificial intelligence. These developments are expected to be key game changers.

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Environmental Impacts from Disposals of Rain Barrels might hamper the Growth

Rain barrels are made from materials like plastics, metals, wood, ceramic and clay that consume a lot of energy during production. Sure most of these materials are recyclable but they’re also harmful to the environment. Most plastic rain barrels could be re-used for years and but could be recycled only up to a certain number of times.

Disposing plastic is a critical task because it isn’t biodegradable and does not decompose. Metal rain barrels often fall prone to rusting and eventually turning into scrap. Environmental impacts of disposal of rain barrels could act as a setback for the expansion of the rain barrels market.

Who is Winning?

The global rain barrels market is highly fragmented. Domestic players hold a larger portion of market. Some of the key players operating in the global rain barrels market are ORBIS Corporation, Capi Europe B.V., GRAF GMBH, Koolatron Corporation, ROTO Group UK, WISY AG, The Barrel Makers, Etills Limited., Oaklands Group Ltd., Good Ideas Inc., Algreen Products, Inc., Bosmere Products Ltd. and Emsco Group.

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Rain Barrels Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global rain barrels market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the rain barrels market on the basis of capacity (Below 25 gallons, 25-75 gallons, 75-125 gallons, 125-175 gallons, and above 175 gallons), material type (metal, plastic, wood, concrete, and clay), and head type (open head and tight head) across seven regions.