Market Research Blog – Page 15114 – New Product Development

Medical Face Shield Market is set to experience a significant growth of 11.0% CAGR from 2022 to 2030

Medical face shield can become as ubiquitous as masks, as new findings on the airborne spread of Covid-19 influence behavior and guidelines. According to a latest study by Future Market Insights, medical face shields market will grow at over 11% CAGR through 2030.

Medical face shields prove to be an effective means for first line protection against airborne diseases like Zika, SARS, Ebola, flu, and now – Covid-19. As such, increase in adoption of medical face shields, and, in turn, increase in their production is expected to drive the market in the forecast period.

Key Takeaways of Medical Face Shield Market

Polycarbonate remains the material of choice for medical face shield manufacturers
Anti-fog medical face shields likely to witness higher demand than other variants
Disposable medical face shields will outsell reusable, as consumers look to minimize the threat of infection
Sales through online channels likely to offset sluggishness in pharmacies and specialty stores

The IDSA (Infectious Diseases Society of America) has, in its recommendations, included use of PPE (Personal Protective Equipment) like face shields and masks. Though masks have been widely adopted all across, their effectiveness is not that well-known.

The possibility of masks providing marginal protection against virus owing to potential moisture retention, poor filtration, and re-use of cloth masks can’t be ruled out.

On the contrary, face shields are more useful in mitigating respiratory viruses’ transmission like SARS-CoV-2, which would help in minimizing droplets and contacting transmission. However, studies have also pointed out that face shields may not effective in the absence of a masks.

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According to Future Market Insights’ analysis, use of medical face shields, used in conjunction with face masks, is being explored, and it is highly likely that sales will soar dramatically in the next six months or so.

Customizable Face Shields Can Become a Reality as Pandemic Lingers On

Medical face shields available in the present scenario are meant for adults. However, child-sized face shields, that too, with interchangeable decorations are being designed now by Metaform Architects for children who have started going back to school.

These masks have been designed for children who fall in the age group of 4 to 8. There are also studs for securing personalized embellishments like googley eyes, animal ears or crowns.

Short-term Spike and Steady Growth in Long Run

According to Future Market Insights’ analysis, the staggering growth in the medical face shield market will be heavily dependent on pharmaceutical interventions to tackle COVID-19. However, even after the availability of a vaccine, it is likely that prevention better than cure approach will drive use.

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About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Swab and Viral Transport Medium Market is expected to hold more than 70% of overall market share in the forecast period

The global swab and viral transport medium market is estimated to exhibit a CAGR of 1.2 % over the forecast period 2020-2030, according to a new research by Future Market Insights (FMI).

An upswing in the sales of critical equipment with respect to collection and transportation of samples is currently underway. This has escalated the production of swab and viral transport medium, thereby driving the market.

To detect the viral RNA in human body; nasopharyngeal swab and deep nasal swab techniques are being used. The overall market is primarily driven by increased rate of flu in various regions. As per CDC, 2019-20 season has witnessed close to 20 Mn cases of influenza in the U.S. with 280,000 hospitalizations as on Feb 15, 2020.

At the same time, efforts taken by respective governments to increase awareness about flu, coupled with initiatives undertaken by World Health Organization (WHO), Global Alliance for Vaccines and Immunization (GAVI), The Pan American Health Organization (PAHO), etc. are expected to drive the market.

“Expanded Program on Immunization” is one the initiatives taken by PAHO at the pan American level. In Jan 2020, GAVI, at the behest of MSF (Doctors without Borders) bulk brought cheaper pneumococcal vaccine for around 55 Mn children. The initiatives mentioned above would be taken up in the forecast period as well. That will certainly ask for more swab and viral transformation motion to be in place.

Key Takeaways from Swab and Viral Transport Medium Market Study

The global market for swab and viral transport medium is showing sharp increment in the year 2020 due to outbreak of Covid-19 with increase in demand for pool of patients going for certain diagnostic tests.
Based on symptoms, influenza, coronavirus, and hanta virus are expected to collectively hold more than 50% of revenue in the year 2020.
Among all end users, diagnostic laboratories are anticipated to witness a CAGR of 1.6% over the forecast period.
North America and Europe collectively accounted for more than 70% of revenue share in 2019 while Asia Pacific is expected to show greater growth potential over the forecast period.
Asia Pacific is expected to upturn the swab and viral transport medium market in the years to come with local players going for in-house swabs

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New Product Launches: Key Strategic Focus Area of Swab and Viral Transport Medium Market Players

New product launches/approvals and governments’ support are raising the bar for competition amongst market players. Numerous organizations are focusing on new product launches for diagnostic test especially for coronavirus and influenza. For Instance, DiaSorin, a prominent manufacturer of swabs specifies NP swabs in 3 ml of Copan Universal Transport Media (UTM) or BD Viral Transport Media. In 2019, MWE launched ∑-VCM™ transport device, to enable the collection, transport and preservation of viruses.

The other players included as a part of market study include McKesson Corporation, Cardinal Health Inc., Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Quidel Corporation, COPAN Diagnostics Inc., VIRCELL S.L., Deltalab, and Medical Wire & Equipment (MWE).

About the Report

Future Market Insights brings the comprehensive research report at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global swab and viral transport medium market covers every aspect of the market and presents a complete market intelligence approach to the reader. The study provides compelling insights on swab and viral transport medium market on the basis of product type (nasopharyngeal swab, deep nasal swabs, combined nasal & throat swabs, culture swabs and vaginal swabs). By indication, the market covers influenza, respiratory syncytial virus, mumps virus, adenovirus, rhinovirus, herpes simplex virus, varicella-zoster virus, and others. End user covers (diagnostic laboratories, hospitals & ambulatory surgical centers and specialty clinics and others) across seven major regions.

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Breast Pumps Market is expected to grow at approximately 4% through 2030

FMI, an ESOMAR-certified market research firm, states that the global breast pump market will be valued at US$ 1.5 Bn in 2020. During the forecast period (2020-2030), the market is likely to grow at a CAGR of 4%.

The world of infant feeding has been witnessing a “quiet revolution” since 2005. The usage of electric pumps has increased manifold since then. Initially it was confined only to mothers of premature babies in the NICU, but the current scenario is such that even full-term infants are being fed through pumped milk.

This could be attributed to the fact that awareness regarding breast pumps is increasing day after day in the developed economies, US in particular.

Even in the European economies, the electric breast pumps are being made available on rent. So, regular usage as well as occasional usage gets sufficed. These usages are likely to substantiate the breast pumps market in the forecast period (2020-2030).

In the US, the “Affordable Care Act” states that the breast pump’s cost is 100% reimbursable, and it’s mandatory for the employers to provide space and time for the working moms to pump.

In developing economies like India, the usage of breast pumps is catching up in the metros as there are more women falling under the gambit of corporate world. As such, Asia Pacific will soon witness an exponential growth in breast pumps market in the next 10 years.

Key Takeaways of Breast Pump Market Study

Open system breast pumps held the largest market share in 2019
By technology, electric breast pumps accounted for the highest revenue in 2019
Cumulatively, North America and Europe contributed for more than 60% of market share 2019 and the trend is expected to continue going forward as well

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Human Milk Banks: A Catalyst to Breast Pumps Market

Late pregnancies are proving to be detrimental to breast-feeding. In other words, late pregnancies often result in women not being able to lactate. As per the WHO, mother’s milk is imperative atleast for the first six months as it helps in building immunity. However, for infants whose mothers’ mammary glands are unable to produce milk or mother is suffering from an ailment wherein it can’t be passed on to the infant; human milk banks are the solution.

Donors need to inform the human milk banks. The banks then send breast pumps to the donors so that they can extract the milk and store it in bottles. Then the same milk is collected by the banks and given to those needy infants. Human Milk Banking Association of America has been actively serving in this regard. Right now, Covid-19 infected mums can’t pass on their milk to the infants. Milk from the milk banks helps over here. Elvie had offered “milk shuttle service” at CES 2020; wherein they used to collect milk from mums who attended the show and ensure safe storage by having them placed in medical-grade refrigerators.

In India, there are 14 human milk banks right now. Milk banks are expected to be a key growth driver in the upcoming period.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global breast pump market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provide compelling insights on breast pump market on basis of product type (closed system breast pumps, open system breast pumps), technology (electric breast pumps, manual breast pumps), end user (homecare settings, healthcare facilities) across seven major regions.

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Contrast Media Injectors Market likely to grow at over 4.9 % through 2030

FMI, an ESOMAR-certified market research firm, estimates global contrast media injectors market revenues to reach US$ 1.2 Bn in 2020. In its new study, FMI takes a long-term optimistic view of the market, estimating global revenues to grow at 4.9% CAGR through 2030. The report opines that AI’s growing penetration in the healthcare sector will also rub off on contrast media injectors industry during the next decade.

Key Takeaways of Contrast Media Injectors Market Study

North America is expected to be the most lucrative region and account for more than 32% of revenue in the global contrast media injectors in 2020 and this trend is expected to continue during the forecast period
Larger patient pool and increasing government support towards developing healthcare system in Asian countries are expected to propel the growth of the contrast media injectors market in the region
AI is expected to speed up the process of injecting contrast media in the forecast period
Increasing applications in orthopedic surgeries and neurosurgeries to bolster the market in the forecast period

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New Product Launches and Approval – The Ongoing Trend

The market players are into getting their new products launched as well as approved to stay in the competition and also keep pace with the market scenario (that of continuing to innovate). The constructive steps in this regard are:

In Apr 2020, Guerbet announced getting approved by the US FDA for manufacturing gadoterate meglumine (Dotarem) injection inside the US. Till late 2019, this production used to happen outside of the US.
In Nov 2019, the US FDA approved an MRI contrast agent “Clariscan” for intravenous use in spine, brain (intracranial), and associated tissues.
In Aug 2019, Bracco Diagnostics, Inc. announced getting approved by the US FDA for oral suspension of barium sulfate (Varibar Thin Liquid). The basic use of this contrast agent is detection and assessment of dysphagia.

What else is in the report?

Future market insights offer actionable insights and unique perspective on contrast media injectors market in its latest study, presenting historical demand assessment from 2015 – 2019 and projections from 2020–2030 based on product type (angiographic injectors, magnetic resonance imaging (MRI) injectors, computed tomography (CT) injectors), by end-user (hospital, ambulatory surgical centres, diagnostics centres) in seven key regions

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Ophthalmic Diagnostic Equipment Market is expected to increase to US$ 3,656.0 Million by the end of 2025

As per NCBI, the number of people suffering from diabetic retinopathy will increase from 126.6 Mn in 2010 to 191 Mn by 2030. It also states that VTDR (Vision-threatening Diabetic Retinopathy) will witness an increase from 37.3 Mn to 56.3 Mn in the same period.

The above-mentioned figures, coupled with an influx of ophthalmic diagnostic centres in the countries like India and China (homes to the 2 top-seeded diabetic patients) are expected to drive the ophthalmic diagnostic equipment market in the forecast period.

Plus, the reimbursement scenario regarding eye care treatment is improving in developed and developing countries alike. Initially, reimbursement was possible only if there was a hospital stay for at least 24 hours.

However, the present scenario is such that LASER technology enables single-day treatment and insurance coverage is applicable therein. So, people in low-income countries will also not shy away from availing eye care treatments.

Key Takeaways of Ophthalmic Diagnostic Equipment Market Study

The optical coherence tomography (OCT) held the largest share in the global ophthalmic diagnostic equipment market in 2019
North America and Europe are expected to hold close to 30% of the global ophthalmic diagnostic equipment market in 2020 and the trend is expected to continue In the forecast period
Asia Pacific expected to witness an exponential growth in the forecast period

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Expansion and Visibility: Indigenous Strategies for Market Players

The ophthalmic diagnostic equipment market players are focusing on qualitative expansion and visibility to sustain their foothold in the ophthalmic diagnostic equipment market. Some of the steps taken on this count include:

In June 2020, IBM Watson partnered with Japan-based Topcon Corporation in order to fast-track the development of products and services that improve the diagnosis, and treatment of eye disease, ultimately improving access for better patient care.
In June 2020, Essilor collaborated with Michelin for jointly launching an UN-certified awareness campaign named “Together for safe mobility: Check your vision, check your tires”. The basic objective is to throw light on good vision apart from good tires. This campaign is likely to increase the demand for ophthalmic diagnostic equipment worldwide as UN has officially recommended road safety goals at a global level.
Ellex is working in close collaboration with the ophthalmic physicians across the globe regarding minimally invasive options for treatment of glaucoma.

What else is in the report?

Future market insights offer a unique perspective and actionable insights on ophthalmic diagnostic equipment market in its latest study, presenting historical demand assessment from 2015 – 2019 and projections from 2020–2030 based on product type (Fundus Cameras, Retinal Ultrasound Imaging Systems, Refractors, Slit Lamps, Perimeters, Ophthalmoscopes, Tonometer, Optical Coherence Tomography (OCT), Corneal Topography Systems), by end user (Hospitals, Clinics, Ambulatory Surgical Centers) in seven key regions.

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Cable Cars and Ropeways Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2016-2026: FMI

A cable car, ropeway or aerial tram can be defined as a type of aerial lift which uses one or two fixed (uniform and stationary) ropes or cables for supporting the transporting vehicles, trolleys, tram, pallets etc. and a third moving rope or cable for proper propulsion. By getting this lift, the grip of an aerial cable car or ropeways is fixed onto the rope or the cable and cannot be decoupled from it during the operating conditions.

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Cable car is a simple, cost effective and a powerful technology. Relatively easy and quick to set up and construct, operate and disassemble again. It has been the most effective form of transportation of goods and people in the past, it has been also a very important means of transportation across hills and cliffs, such rivers, snow covered areas, mountains and unequal terrains lands etc.

The common materials used for construction of cable cars and ropeways earlier was wood/fiber but steel has emerged as a common choice. The advancement of technology has allowed introduction of electric motors and steel cables which provides increased efficiency. The various industry sectors where cable trays are used includes mining, urban transportation, tourism industry and material handling industries.

Cable Cars and Ropeways Market: Dynamics:

Cable cars and ropeways industries has emerged as preferred choice in tourism and winter regions. But the transformation to the urban public transport has not yielded the same rewards. It is definitely true that the cable cars and ropeway market has witnessed increase in sales to the urban industries but there is still a debate that cable cars and ropeways are underutilized in urban transportation industry due to performance and cost constraints and the relatively unending demands and solutions for transportation sectors worldwide.

In tourism and winter regions the cable cars and ropeways have served well and are the only desirable options that can be used. But the cable cars and ropeway market has remained insignificant when urban transportation industry is considered. This is particularly due to various obstacles such as small market size, new technologies, public sectors, various customer expectations and many more.

Another factor restraining the growth of the market is the strict safety norms and regulations, as cable cars and ropeways operate under critical conditions and hence the designing and manufacturing of such transport vehicles are done under strict supervision of safety officers to avoid mishaps. Moreover, the cable car and ropeway market is expected to witness moderate growth in demand owing to steady growth of material handling industry across the globe.

Cable Cars and Ropeways Market: Regional Outlook

The global cable cars and ropeways market can be divided into seven different geographical regions/divisions such as North America, Latin America, Western and Eastern Europe, Asia-Pacific Excluding Japan (APEJ), Japan, Middle East and Africa.

It is expected that the urban public transportation market will be influenced by the cable cars and ropeways market in the future. Significant demand for cable cars and ropeways is generated from alpine countries which includes Austria, France, Germany, Italy, Liechtenstein, Monaco, Slovenia and Switzerland. Most of the developing countries in Asia-Pacific have also started using cable cars and ropeways in winter and tourism regions.

Many cable cars and ropeways are in operation in the U.S., Algeria, Spain, China and Brazil for urban transportation. Urban cities have started to realize the potential for cable cars and ropeways as a solution to mobility needs, thus boosting the growth of cable cars and ropeway market.

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Cable Cars and Ropeways: Key Players

Doppelmayr Garaventa Group Vergokan Kreischberg: Cableways Dubrovnik cable cars Kropivnik Cableways Pvt. Ltd. Damodar ropeways Bullwheel international cable car corpThe research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The report covers exhaustive analysis on:

Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved Value ChainRegional analysis includes:

North America Latin America Asia Pacific Japan Western Europe Eastern Europe Middle East & AfricaThe 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 an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments.

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The report also maps the qualitative impact of various market factors on market segments and various geographies.

Cable Cars and Ropeways Market: Segmentation:

Cable cars and ropeways market can be segmented by type of industry, sales channel and types.

By type of industry, they can be segmented as:

Tourism Material handling Public transportation Mining industriesBy sales channel, they can be segmented as:

OEM (Original Equipment Manufacturer) AftermarketBy types, they can be segmented as:

Fixed grip installations Drag lifts Fixed grip chairlifts Pulsed gondola ropeways Detachable installations Detachable chairlifts Mono cable detachable gondola lifts Telemix: combined detachable chairlift and gondola lift Bicable (2S) & Tricable (3S) Gondola lifts Aerial tramway FunicularReport 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.Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape

Machine Tool Touch Probe Market – The global machine tool touch probe market to grow with a year on year growth of 3.6% in 2022 reaching a value of about US$ 615.1 Mn by 2022 end.

Air Separation Plant Market – The global air separation plant market enjoys a valuation of US$ 5.9 Bn, and projected to expand at a CAGR of 5% to attain a net worth of US$ 7.9 Bn by the end of 2028.

Electrical Testing Services Market – The global electrical testing services market witnessed year-on-year (YoY) growth of 6.3% in 2021. It is projected to grow at a CAGR of 7.1% between 2021 and 2031, reaching US$ 13.4 Bn by the end of the assessment period.

Residual Current Circuit Breaker Market Outlook Highlights Major Opportunities by 2028 : FMI

A highly organized market for residual current circuit breaker is thoroughly assessed by Future Market Insights in its newly published research intelligence outlook, presented for a 10-year period 2018-2028. Nearly 75% share of the global landscape is occupied by the organized sector, i.e. the Tier 1 and Tier 2 players.

Key Findings from the Competitive Landscape Analysis of Residual Current Circuit Breaker Market

Leading RCCB manufacturers are prioritizing the development of customer-specific product development, emphasizing superior performance, high operational efficiency, and regional expansion.
Partnerships and joint ventures through strategic collaborations with recognized research institutes is paving the way for product innovation.
Targeting expansion of existing product offerings, key players in residual current circuit breaker landscape are indulging in consistent new product innovation cycles, in addition to strategic mergers and acquisitions (The latest example in this category is of the acquisition of GE Industrial Solution by ABB).
Industry leaders are focusing on maintaining long-term contractual relationships with manufacturing giants for a reliable supply scenario of a wide range of residual current circuit breaker devices.

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“Towards the end of 2020, the global revenue of residual current circuit breaker landscape is likely to cross the US$ 2 billion mark, witnessing over 6% year on year growth each year post 2020,” explains a senior analyst at FMI. Elaborating further on the key impact factors shaping the revenue growth of residual current circuit breaker market, the analyst says, “Increasing adoption of smart grid, constant replacement of aging power infrastructure, rampant expansion of the residential construction sector, and growing digitization are primarily drawn as high-impact push factors associated with RCCB demand”.

Electrification Projects Are Receiving Funds from Governments, Boosting RCCB Demand

With considerably growing investments in effective and efficient electricity generation, the scope for transmission and distribution is also witnessing a steady increase worldwide. Several governments are encouraging funding for electrification projects that prominently support SEBs (state electric boards) and in turn foster the sales of electric components including residual current circuit breakers.

Mushrooming Residential Construction Realm Significantly Pushes RCCB Sales

The analysis of residual current circuit breaker landscape according to end use concludes dominance of the residential construction sector in the market. With an estimated 7+% year over year revenue growth over the next couple of years, residential infrastructure will continue to attract maximum opportunities over commercial and industrial sectors in the residential current circuit breaker market. This growth can be clearly correlated to heavy population growth, subsequently fueling the residential housing demand.

In the power input-wise analysis of residual current circuit breaker landscape, the report discusses solid incremental opportunity for three phase residual current circuit breaker that strongly attributes to an exceptionally high rate of solar PV and energy storage system sales over the recent past.

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Power Investments Elevate in Asian Economies, Imposing Solid Growth Opportunities for Residual Current Circuit Breaker Manufacturers

FMI’s regional market analysis of residual current circuit breaker landscape reveals dominance of North America and Western Europe, the latter is however witnessing a major revenue decline in recent years. The criticality of the efficient eco-smart end use and an ever-growing concern of human safety from electrocution continues to boost the mature residual current circuit breaker landscape of developed regions.

Being among the most populous economies across the globe, China and India reinforce solid growth prospects for residual current circuit breaker sales growth. While China is projected for a heavy gain in terms of market value share, MEA is also poised to observe promising expansion at over 6.5% yearly growth post 2019 – owing to augmenting power investments.

The breakthrough One Belt-One Road Project that connects China and all the other Central Asian economies, European countries, and Indo-Pacific littoral countries raises a substantial need for new roads, railway tracks, ports, and power grids. The onset of this project is expected to contribute substantially to the revenue growth of residual current circuit breaker landscape.

Weatherization Services Market Global Industry Growth Analysis, Opportunities, Trends and Forecast 2018-2028 : FMI

Future Market Insights delivers key insights on the global weatherization services market in its latest report titled “Weatherization Services Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028”, which examines the weatherization services market and offers critical insights for the next ten years. Based on the findings specified in the report, the market is expected to witness steady growth over the forecast period, led by rising stringent regulations that mandate the use of insulation materials to reduce building energy consumption. The long-term outlook for the global weatherization services market is expected to remain positive and the market is expected to expand at a CAGR of 3.8% during the forecast period (2018–2028), primarily driven by technological advancements, stringent regulations and development of green building technologies.

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Global Weatherization Services Market: Dynamics

Recovery in the construction industry across the globe is being accelerated by the steady growth in population, which is resulting in growing demand for construction materials, for both residential and non-residential buildings. This, in turn, will propel the growth of the weatherization services market across the globe. The U.S. Department of Energy (DOE) recognizes enormous potential for improving energy efficiency, safety and comfort of the existing American homes. According to DOE, heating & cooling (Space conditioning) accounts for about 50%-60% of the total energy consumption in an average American home. Hence, rising adoption of insulation in residential or home buildings is one of the major factors fueling the demand for insulation installations, consequently also contributing to weatherization services market’s growth.

Energy resources are limited, every unit saved is equivalent to every unit produced and this is where the role of efficient weatherization services comes into play. An array of initiatives are being taken up by various states and federal governments across the globe to reduce CO2 emissions. More importantly, growing public awareness about climate change has proliferated the need for renewable energy systems and reducing energy waste. This factor is positively impacting the Global weatherization services market. Further, to curb carbon dioxide emissions, the use of lightweight insulation materials with promising mechanical properties, such as stiffness, rigidity, elevated temperature durability and chemical resistance, is expected to increase. Thus, in order to gain competitive edge, key players are likely to invest significantly to develop high-performance insulation products in the weatherization services market.

Global Weatherization Services Market: Segmentation Overview

On the basis of application, the sidewall insulation segment dominates the global weatherization segment market. While the segment is projected to lose market share to attic insulation segment by the end of THE forecast period, it is yet expected to maintain its prominence during the forecast period. Foam insulation is expected to be the prime material preferred for various applications and its popularity will be followed by the popularity of fiberglass for various applications in the global weatherization services market
On the bases of construction type, the weatherization services market has been segmented into new construction and retrofit segments. The new construction segment dominated the Weatherization services market in 2017 and is expected to gain further traction owing to the steady growth of the construction industry
On the bases of end use, the weatherization services market has been segmented into residential and commercial & institutional. The commercial & institutional segment is expected to witness 1.5X growth in the global weatherization services market over the forecast period.

Global Weatherization Services Market: Regional Overview

Western Europe, followed by North America, dominated the global weatherization services market in 2017. However, over the course of the forecast period, the Western Europe weatherization services market is estimated to lose its dominance to North America weatherization services market. North America and Western Europe are collectively expected to account for over half of the global weatherization services market. Further, the top 5 countries in the Weatherization services market account for about half of the overall market. The weatherization services market is expected to witness significant growth in developing economies over the forecast period.

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Global Weatherization Services Market: Vendor Insights

The report highlights some of the leading companies operating in the global weatherization services market, such as TopBuild Corp, Insulated building products, Inc., Builders FirstSource, Inc., Takashima & Co., Ltd., Dyson Energy Services Ltd., HomeWorks Energy, Inc., USA Insulation, Banker Insulation and Anderson Insulation.

Global Glass Door Merchandiser Market Projected to Grow at a CAGR of 7.3% During the Forecast Period 2022-2028 : FMI

FMI presents detailed analysis and delivers key insights on the global glass door merchandiser market in its latest report titled ‘Glass Door Merchandiser Market: Global Industry Analysis 2013-2021 & Opportunity Assessment 2022-2028’. The long-term outlook on the global glass door merchandiser market is positive with the glass door merchandiser market expected to be pegged at a value of US$ 6,686.1 Mn in 2022.

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It is expected to reach US$ 13,557.9 Mn by 2028 end while growing at a value CAGR of 7.3%. Among the segments by configuration, the self-contained glass door segment is expected to account for the lion’s share in terms of value and volume over the forecast period. The hinged door type segment is expected to expand at a relatively higher CAGR. Among regions, Asia Pacific excluding Japan (APEJ) is anticipated to retain its dominance throughout the forecast period while growing at a rate of 9.03% from 2022 to 2028. In this report, FMI throws light on the drivers and restraints likely to impact the glass door merchandiser market during this period.

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Global Glass Door Merchandiser Market: Dynamics

Market insights suggest that the global glass door merchandiser market will witness high growth during the forecast period, which can be attributed to the growing economies, urbanisation, increasing standard of living of people and infrastructural developments taking place in the region. Growing food and beverages consumption and growing focus being put on marketing and promotion of products to attract the customers are the two factors pushing the market for glass door merchandisers.

Growing demand of food and beverages product displays for promoting and marketing food and beverages products to attract customers will further add to this demand. The need for higher output with fewer resources is driving the development of new technologies, especially in the retail industry. The use of glass door merchandiser products increases the food and beverage selling capacity of retailers. Economic growth, increasing standard living of people and urbanisation in developing countries, such as India, China and Asia Pacific region, will boost the demand in the global glass door market.

However, increase in raw material prices will be a major restraint for the global glass door merchandiser market. Major global players are partnering with various companies and distributors to sell their products and to increase their footprint in the global glass door merchandiser market. Technology advancements and research and development activities will create new opportunities for the major players in the global glass door merchandiser market.

Global Glass Door Merchandiser Market: Segments

The glass door merchandiser market has been segmented on the basis of application into retail outlet, commercial complexes and commercial kitchens. On the basis of application, the retail segment is anticipated to dominate the glass door merchandiser market in terms of value and volume over the forecast period. The retail segment is also projected to grow at a relatively higher CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 4622846 Mn between 2022 and 2028 in the global glass door merchandiser market.

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Global Glass Door Merchandiser Market: Regional Outlook

Regionally, Asia Pacific accounted for over 49% of the global glass door merchandiser market value while North America accounted for the second largest share in the global glass door market in the forecast period form 2022-2028. China, India and SEAP are projected to be the fastest growing regions with a CAGR of 9% during the forecast period. Large population base, growing economies, urbanisation, improving standard of living and infrastructural developments are some of the important factors driving the demand in the glass door merchandiser market.

Global Glass Door Merchandiser Market: Key Participants

The report highlights some of the top companies operating in the global glass door merchandiser market including Traulsen, Tuobo Air Inc, Arneg Group, Everest, Liebherr, UAB Feror LT, True manufacturing Co.Inc, Migali industries, Anthony Inc and Hussmann Corporation.

U.S. Hitter-Based Hand Tools Market Estimated to Stand at a Market Valuation of US$ 687.1 Mn by 2028 : FMI

Hitter-based hand tools includes hitting and striking hand tools, such as hammers, axes, mallets, shovels and crowbars. Growing demand in households coupled with increasing number of do-it yourself (DIY) activities is augmenting the global sales of hitter based hand tools. As per a recent study by Future Market Insights (FMI), the hitter-based hand tools market is anticipated to grow at a moderate pace over the forecast period of 2018-2028.

The U.S hitter-based hand tools market is estimated to stand at a market valuation of US$ 687.1 Mn by 2028, registering a CAGR of 3.3% during the forecast period (2018 – 2028). FMI has specifically studied the U.S market for hitter-based hand tools, in the wake of increasing construction and DIY activities in the region. Also, various drivers, trends, restraints, and opportunities have been analyzed, that are likely to further shape the global hitter-based hand tools market, in the next ten years.

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A highly Consolidated U.S Hitter-Based Hand Tools Market to Gain from Product Innovation

The market for hitter-based hand tools is highly consolidated and the key players are focusing on acquisitions and expansions to enhance their market share. Additionally, incessant competition between tool manufacturers is likely to restrict the growth of the hand tools market to some extent. Research also suggests that increased automation in production process will displace the market for hitter-based and tools. Future Market Insights predicts that the aforementioned factors may dampen U.S revenue growth of the hitter-based hand tools market in the coming years.

Key players in the U.S hitter-based hand tools market have been channelizing efforts towards strengthening their distribution channels while also focusing on online sales of hand tools by signing agreements with different online portals, as consumers are more likely to buy hitter-based hand tools through online channels, owing to the growing consumer preference towards ecommerce. Manufacturers are also focusing on new product innovation with greater efficiency and easy maintenance qualities. Top manufacturers of hitter-based hand tools in the U.S market are Stanley Black & Decker Inc, Apex Tool Group LLC, Snap-on Incorporated, Vaughan & Bushnell Manufacturing, and Estwing Manufacturing Company, Inc.

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DIY and Landscaping Activities to Boost Hitter-Based Hand Tools Adoption in the U.S

The U.S market has witnessed increased investment in the housing sector that, in turn led to the development of related sectors including infrastructure, transportation, energy, and related maintenance services—all requiring hand tools. Moreover, the demand for landscaping in residential and commercial areas, to provide an aesthetic appeal, has also contributed to the sales of hitter-based hand tools. Overall home improvement and maintenance and gardening activities by people in the U.S, has augmented the adoption of hitter-based hand tools. Leveraging the changing consumer preferences, manufacturers are focusing on providing compact, portable, and cost-efficient tool solutions to household users.

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Across U.S, Shovels are the Most Preferred Hitter-Based Hand Tool

Shovels are anticipated to register robust growth during the second half of the forecast period owing to growing demand for gardening and DIY applications, occupying close to 40% market share. Likewise, higher sales of hammers in the U.S can be attributed to the growing demand for hitter-based hand tools from end-use sectors such as construction, woodworking & framing, manufacturing & fitting, household & DIY and rescue management.

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