Market Research Blog – Page 15228 – New Product Development

Compact Loaders Market Trends, Growth, Future Demand, Analysis and Forecast by 2030

Compact loaders have transformed from single tool equipment – bucket only – to multi-tool equipment. Advances in attachment offerings over the past decade have stepped up the versatility and productivity of compact loaders.

At present, compact loaders are commonplace in landscaping projects and construction sites, given their optimal size, low fuel consumption, and new attachment options.

At the heart of some of the most notable tech-enabled transformations over recent past, compact loaders have emerged as fertile breeding ground for innovations and application versatility.

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Compact Loaders Market Size Study

Players to reap relevant profits from industrial and agriculture and forestry sectors
Compact track loaders to generate significant revenue through 2030
Market in North America to make considerable strides, especially in agriculture and forestry vertical
E-mobility to define growth strategies of market players in near future

“Reliability, coupled with long-lasting service life, of compact loaders is auguring well for rental models in the global market, which captures relatively greater revenue share in the compact construction equipment industry versus other product families such as general purpose excavators. In addition, advent of electromobility (e-mobility) is expected to further work in favor of rental business models in coming years,” says analyst at FMI.

COVID-19 Impact on Compact Loaders Market

With prolonged inactivity in construction industry, overall delays in construction project timelines, and interrupted fund flows for operations, the global compact loaders market is at the wrong end of COVID-19 pandemic.

As a preventative measure against COVID-19 crisis, majority of manufacturers have been prioritizing workforce safety and are closing down most of their manufacturing units for certain timeframe.

Construction activities have contracted across the globe in Q2 of 2020 amid countrywide lockdowns and impact of physical distancing protocols. About a quarter of projects were paused in the second quarter, and on-site productivity is projected to fall by 12% in near future.

Moving ahead, sales volume of construction equipment has plummeted nearly 70% on-year during first quarter, and utilization has almost halved, following 20% volume dip in FY 2020. That said, the compact loaders market is set for steady recovery as building sites gradually reopen after lockdown relaxations.

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Compact Loaders Market – Competitive Intelligence

Significant rise in e-mobility is likely to reimagine the market landscape. Manufacturers are investing heavily in transforming their product lines from diesel to electric. For instance,

Case Construction Equipment has rolled out Project Zeus 580 EV, which is regarded as first fully electric backhoe loader in construction industry.
Volvo CE is expected to kick start the production of its range of electric wheel loaders and compact excavators, which would be ideal for city use.
Yanmar Holdings has acquired ASV Holdings, which is among key suppliers for compact tracked loaders and skid steer loaders. The acquisition has aided Yanmar Holdings to utilize well-established dealer network of ASV Holdings and strengthen its position globally, particularly in North America.

Market Taxonomy

Application

Construction
Agriculture and Forestry
Industrial
Utilities

Product Type

Compact Track Loaders
Skid Steer Loaders
Backhoe Loaders
Wheeled Loaders

Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Middle East and Africa
Japan

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Key Questions Answered in the Report:

Which product type will hold major share of compact loaders market globally and why?
What are the factors driving the global compact loaders market?
What will be the revenue size of compact loaders market by 2030?
Who are the leading manufacturers in the compact loaders market?
Which trends and innovations are expected to transform the global compact loaders market in coming years?

Top Reports Related To Automotive Market Insights

Automotive Pump Market : The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

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.

Contact

Mr. Debashish Roy
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Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Bicycle Components Aftermarket is projected to grow at CAGR of 7.0% from 2021 to 2031 | Hero Cycles Limited, Campagnolo S.R.L., Merida Industry Co., Ltd., Specialized Bicycle Components

According to a recent report by Future Market Insights (FMI), the bicycle components aftermarket is projected to grow at CAGR of 7.0% from 2021 to 2031, surpassing US$ 26.5 Bn. The demand for bicycle components is associated with the rise in demand for bicycles.

The rise in the number of people choosing bicycling as a leisure activity is expected to fuel sales and revenue. Bicycles are projected to emerge as a convenient method of exercise and transport. Dock less bicycle-sharing systems have also supported market developments.

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People are becoming increasingly aware about the importance of healthy lifestyles and exercise. As more individuals turn to biking as a regular fitness method, the demand for components is expected to expand.

The growing relevance of sports activities, celebrity endorsement, and international or national sporting events are increasing bicycle use. In addition, an increase in government programs in several nations aimed at increasing participation rates has aided growth in recent years.

Bicycle components will see a considerable increase in demand due to rising bicycle sales and the growing popularity of environment friendly e-bikes. Manufacturers are also being pressured by environmental regulations to develop associated tech improvements. Low-cost part production in Southeast Asia and the development of new transit corridors will create a conducive environment for growth.

Key Takeaways from Market Study

Electric bikes will account for over 24.2% by 2031 owing to the demand for emission-free, energy-efficient, and low-cost, transport options.
Road bicycles to account for over 55% of sales by 2031 owing to light weight characteristics and smoother gear shifting and better braking performance.
India is a major market in the South Asia and Pacific holding over 30% of value share, supported by a vast consumer base for low-cost transport.
China will hold more than 70% of the East Asia market by 2031, supported by demand in recreation and transport sectors, and the rising popularity of bike sharing programs.
The U.S. dominates North America with a share of 86.7% in 2021, with growing health awareness among buyers driving sales.

“Low-cost manufacturing in South-East Asia and Africa, in addition to new transit routes, are likely to boost the demand for bicycle components by improving logistics. Distributors in South Asia and Pacific and MEA are expected to adopt aggressive marketing strategies to gain competitive edge,” said an analyst at FMI.

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Key Market Segments Covered

Component Type:

Derailleurs
Road Groupsets
Suspensions
Wheel Sets
Brakes
Hydraulic
Mechanical
Caliper Type
Gears
Others (Bottom Brackets etc.)

Sales Channel:

Specialty Bicycle Retailers
Discount Stores
Department Stores
Full-line Sporting Goods Stores
Outdoor Specialty Stores
Other Sales Channel

Bicycle Type:

Mountain Bike
Hybrid/Cross
Road
Comfort
Youth
Cruiser
Recumbent/Tandem
Electric
Folding

Region:

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

Bicycle Components Market Competitive Landscape

Leading players in the bicycle component aftermarket are focused on keeping up with design improvements brought out by OEMs. Strategies to expand production capacity, while keeping production costs low remain important for industry participants.

Some the key players in the bicycle components market are Dorel Industries Inc., Accell Group N.V., Shimano Inc., SRAM LLC, Hero Cycles Limited, Campagnolo S.R.L., Merida Industry Co., Ltd., Specialized Bicycle Components, Rohloff AG, Giant Manufacturing Inc., and Avon Cycles Ltd.

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Key Points Covered in the Bicycle Components Aftermarket Study

Market estimates and forecast 2021-2031
Key drivers and restraints impacting market growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Brand Share and Market Share Analysis
Key Product Innovations and Regulatory Climate
COVID-19 Impact on Bicycle Components Aftermarket and How to Navigate
Recommendation on Key Winning Strategies

Top Reports Related To Automotive Market Insights

About FMI

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/bicycle-components-market
Press Release Source: https://www.futuremarketinsights.com/press-release/bicycle-components-market

Large Industrial Displays Market Projected To Grow Consistently At 6.0% Between 2021 And 2031

Future Market Insights (FMI), in its latest study, outlines the growth trail of large industrial displays market for the forecast period 2021-2031. According to the report, large industrial displays sales reached will surpass a valuation of US$ 2.65 Bn in 2021. By 2031, overall volume sold is expected to stand at ~110,000 units. As large industrial displays defy the concepts of ‘one-size-fits-all’, manufacturers are hard pressed to offer highly customised and personalized products.

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Surging demand for tracking the manufacturing process and reducing the supervisor workforce has been spectated in a multitude of industries. However, emerging technologies such as screen-less displays and projectors are likely to represent a threat to the steady growth of the large industrial displays market.

Screen-less certainly stands as the strongest threat to large industrial displays. Technological innovations are flooding the screen-less display mechanism, and FMI analyses that its portability, energy & space efficiency, and convenience will be instrumental in creating a solid market value”.

OLED Over LED – The Shift Is Underway

Future Market Insights’ study finds that the large industrial displays market is likely to grow at a CAGR of approximately 6% through 2031. One of the key growth drivers is the loosening of budget strings of manufacturers for the development of organic light emitting diode (OLED) displays, which matches consumers’ demand for lighter, thinner, and flexible displays.

As innovation spawns in the landscape, curved OLED and transparent displays surface are likely to penetrate even cost-sensitive markets. However, during the course of the forecast period, LED-based large industrial display sales will continue to account for a major share of manufacturers’ bottom-lines.

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Opportunities galore for large industrial displays as identified by FMI’s report with the emerging applications of flexible displays at commercial spaces, sports events, and governmental institutions for facilitating effective communication in ‘high resolution’.

As ‘interactivity’ remains at the forefront to attract the attention of target audience, digital signage technology has been increasingly incorporated for the display of crucial information in public spaces, corporate buildings, transportation systems, retail stores, and restaurants.

Key Players’ ‘Just-In-Time Manufacturing’ Approach To Drive Sales Opportunities

Growth prospects for the large industrial displays, as the report opines, are high in the US. In addition, the integration of large industrial displays to ensure accuracy and efficiency in the electronic and automotive industry is likely to incite manufacturers to intensify the production capability.

High concentration of key players in the US and their adoption of ‘just in time’ manufacturing approach – aimed at deploying custom-developed large industrial display in a shorter timeframe – is emerging as a strategic move.

The study identifies restraints that could possibly hamper the lucrative stride of the large industrial displays market. The high price tag attached to the OLED and LED displays is likely to cause reluctance among mid and small-sized industries for their adoption. Besides high acquisition cost, the study finds that large industrial displays also demand frequent maintenance cost for the detection of virus and malfunctions.

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As design innovation sparks in, screen-less displays and projectors emerge as space-saving alternatives to large industrial displays. Projectors have a lower operational energy requisite as compared to large industrial displays, which further is likely to impede their adoption rate.

The business asset further offers an incisive outlook of the competitive landscape by discussing the key strategies of the market players. As per the study, there are a handful of key players and a large number of regional players, which leaves a wide window of opportunity for the new entrants. Manufacturers and suppliers of the large industrial displays emphasize on building a loyal clientele base since a majority of long-term contracts are likely to form from this segment.

Bio Vanillin Market to Garner US$ 148.4 Mn in 2022 at 7.4% CAGR, Says FMI

The global bio vanillin market size was valued at US$ 148.4 Mn in 2022. According to a study by Future Market Insights (FMI), the market will show a steady rise at 7.4% CAGR between 2022 and 2032. According to the report, the rising demand for food products made with nutritive ingredients will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the bio vanillin market. Some of these are:

Regionally, Asia Pacific exhibits high demand, emerging as a key market for bio vanillin.
Europe and North America markets will remain strong, exhibiting impressive growth.
Food and beverages industry will exhibit high demand for bio vanillin
Key players are likely to focus on product innovations and strategic alliances to stay relevant in developed markets.

Rising Demand from Food and Beverage, Fragrance and Pharmaceutical Industries Supports Growth

The demand for bio vanillin will accelerate in the coming years. To a large extent, favourable growth opportunities witnessed in the market is driven by the long-standing position of vanilla as one of the most opted flavours in the food and beverages sector. It is used in a wide assortment of confectioneries such as pastries, ice-creams, custards, waffles and others. While the demand for flavouring agent is unlikely to phase out, consumers are shifting away from synthetically produced flavouring agents at a swift pace. This leaves manufacturers with little choice but to include bio-based flavours. As a result of the prevalent trends, bio vanillin market today holds a strong position in the global food and beverages sector. In addition to this, the market will gain from the burgeoning demand for fragrances with sweeter undernote.

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Who is Winning?

Some of the leading players operating in the bio vanillin market are ENNOLYS, Omega Ingredients Ltd, Givaudan SA, Advanced Biotech, Firmenich SA, Comax Flavors, Apple Flavor & Fragrance Group Co., Evolva Holding SA, Lesaffre, Alfrebro, LLC, Solvay SA, Archer Daniels Midland Company, Aurochemicals, Camlin Fine Sciences Ltd. Borregaard, and Camlin Fine Sciences Ltd.

Amidst growing competition, manufacturers in the bio vanillin market are focusing on product launches and strategic alliances to gain competitive edge.

Recently Solvay, a leading provider of ethyl-vanillin and vanillin ingredients, unveiled its novel bio-sourced ingredients called Rhovanil® US NAT at IFT 2021. Solvay’s bio-sourced ingredient will be available for US customers.

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Get Valuable Insights into Bio Vanillin Market

Future Market Insights, in its new report, presents an unbiased analysis of the global plant-based beverages market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study divulges compelling insights into growth witnessed in the market. In terms of (give segment-based and region split)

By Application

Food & Beverages
1. Ice Cream
2. Bakery and Confectionery
3. Chocolate
4. Other foods
Pharmaceuticals
Fragrances
Cosmetics
Others

By Region

North America
Latin America
Europe
APEJ
Japan
Middle East & Africa

Meat Alternatives Market Outlook Cover New Business Strategy with Upcoming Opportunity 2021 to 2031

According to the recent FMI report, the sales for meat alternatives is expected to witness a value of US$ 6,378.9 Million in 2031, rising at a CAGR of around 12.7% through the end of 2031.

Meat substitutes have been on the market for quite some time. However, it was only after the spread of veganism and flexitarianism that these products began to acquire traction. Previously, there were few meat substitutes available on the market. However, as the vegan movement has grown, new players have entered the market for meat replacements, releasing novel goods that taste exactly like meat.

Furthermore, meat alternatives have their department in retail establishments, which raises customer interest and so creates and improves sales opportunities for market participants. The global meat alternatives market is expected to account for around US$ 5,660.1 Mn in 2021.

Key Takeaways from the Meat Alternatives Market Study

Soy, wheat, faba bean, pea, lentil, rice, and other plant-based proteins are gaining significant market share. These segments are expected to increase rapidly during the next few years. The demand for these plant-based ingredients is increasing as they are increasingly used in innovative vegan meat alternatives.
Cultured meat is still in its early stages of development and is projected to remain so for at least a few more years. Technological developments have paved the way for cultured meat to become a viable meat substitute in the future, but not right now.
Insect protein contains nearly the same amount of protein as beef protein and has a greater iron concentration. As a result, it is regarded as a very good source of meat alternatives. In North America, the insect protein was only introduced after the FAO released a report in 2013. The number of companies producing these items has risen dramatically.
Meat substitutes can be found at most grocery stores and supermarkets. Meat substitutes are available at quick-service restaurants. In some supermarket stores, meat alternatives are beginning to coexist with real meat in the aisles. While meat alternatives distribution isn’t yet up to par, significant businesses are working hard to extend their networks. Carrefour, a European grocery chain, for example, entered the bug market with a line of buffalo worm pasta and granola. Eat Grub, a London-based food firm, is selling bags of roasted crickets at Sainsbury’s and Ocado.

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While the concept of meat alternatives has only recently gained popularity, it has been discussed for quite some time. Many products that were not promoted as meat replacements have been available on the market for a long time. For instance, textured soy protein has been on the market for a long time. The texture, taste and protein content have all been replicated meat, although not completely but partially. However, as the vegan and flexitarian populations have grown, the demand for meat alternatives has expanded significantly.

“Although the traditional meat sector is not slowing down, demand for meat alternatives is steadily increasing. Product development has contributed to the expansion of the meat alternatives industry. Consumers are becoming more interested in the companies’ innovative offers. In the meat alternatives sector, product introductions are expanding by double digits year after year,” says an FMI analyst.

Who is Winning?

Some of the key players operating in the meat alternatives market are According to market research analysis Ingredion Inc., Archer Daniels Midland Company, Cargill Inc., CHS Inc., Wilmar International Ltd., AGT Food & Ingredients, Inc., Beyond Meat Inc., Cargill Inc., CHS Inc., E. I. DU PONT DE NEMOURS AND COMPANY, Glanbia plc, Hügli Holding AG, Impossible Foods Inc., Ingredion Inc., MGP Ingredients, The Kraft Heinz Company, AGRANA, among others.

As the number of consumers opting for meat alternatives is growing, several major meat product manufacturers are entering the market. To meet shifting customer demand, market participants in the meat alternatives market are focusing on innovation, product launches, and increasing their distribution networks.

In June 2019, Beyond Meat, Inc. launched a new product for the meat alternatives market, Beyond Beef which started selling in grocery stores across the U.S. Beyond Beef is plant-based ground beef that is made from a combination of proteins such as peas, rice and mung bean and various other spices and is ready to cook.
Impossible Foods, Inc. launched Impossible Burger 2.0 at the International Consumer Electronics Show in Las Vegas out textured wheat protein for soy protein concentrate which has switched
In 2019, TUNO, a seafood alternative by Atlantic Natural Foods LLC, was launched in the supermarkets of the UK. Morrison became the first retailer in the UK to stock TUNO.

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Find More Valuable Insights on Meat Alternatives Market

Product Type:

Seitan or Wheat gluten
Tofu
Quorn
Risofu
Tempeh
Algae/ Mycoprotein
Insects
Textured Vegetable Protein
Fermented proteins
Fish Protein
Cultured or ‘clean’ meat
Others (Yaso, Nato and Miso)

Nature:

Organic
Conventional

Source

Plant-based Protein
- Soy-Based
- Wheat-Based
- Canola- Based
- Faba Bean- Based
- Potato- Based
- Pea-Based
- Rice- Based Lentil- Based
- Flax- Based Chia- Based
- Corn- Based
Insect Protein
Mycoprotein

Storage:

Refrigerated
Frozen
Shelf-Stable

Distribution Channel:

B2B
Retail
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Independent Small Groceries
- Wholesalers
- Online Retail
- Other Retail Formats
HoReCa (Foodservice Sector)

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Screw Conveyor Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022

According to the study, it is estimated that the horizontal installation of screw conveyor hold the major market share. Horizontal type is the most broadly used product type. Horizontal installation are available in different configurations and sizes which is used to convey bulk material from one process to another process. According to latest research findings, Screw Conveyor market is expected to record 6%-8% CAGR from 2021 to 2031. Demand for the product will witness higher growth recovery in short-term, with optimistic growth outlook in the long-run.

The increasing demand from the end use industry across the globe is the primary force to the market growth of screw conveyor. Also, technological advancement in the product by the leading manufacturers will upsurge the demand for screw conveyor and extend its opportunities in near future.

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What is Driving Demand for Screw Conveyor?

In various industries such as agriculture, food & beverage industry, construction industry the product is widely use in bulk material handling which helps in moving and distribution of the liquid and rough material. Product’s design simplicity and its low maintenance are the major factors that are gaining the attention of many end users.

With rising living standards, consumption of cereal, grains, and fruits is also growing which is directly affecting the increasing demand for product mixing machinery in the agricultural industry. This resulted in propelling the sales of product and which is expected to push the global market over the near future.

Manufactures are focusing on new product designs and technologically advanced products with exceptional characteristics such as feasible and easy handling which helps to cater the customer’s requirement and to increase the customer base.

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Agriculture and Food & Beverages Segment to Lead the Market

As the product has the exceptional characteristics which include better flexibility, ease of material handling and energy efficiency which increases its applications in agricultural activities such as harvesting, and growing and processing of agriculture produces such as corn, rice, wheat, maize, etc. This flexible characteristics of screw conveyor is expected to propel the global market over the forecast period.

Increasing population in China and India is leading to increasing demand for food and beverages which is fueling the screw conveyor demand over the forecast period. Screw conveyors provide advantage of minimizing the waste during the material handling and while mixing the raw materials and convey that material to another process in manufacturing industry.

Asia Pacific Demand Scenario

On account of increasing applications of screw conveyor in agriculture sector Asia pacific is expected to hold the major share in the market coupled with growing government investments. Owing to the rising agricultural sectors in countries such as China and India is estimated to account for a significant share over the forecast period.

North America Market Growth Outlook

U.S. and Canada are expected to remain leader over the forecast period for Screw Conveyors market. US is one of the chief markets for the product globally. High installment of the product in construction and manufacturing sector in U.S. and Canada is expected to boost growth for the market.

Europe Market Growth Potential

Growing opportunities from the pharmaceutical and automation industry resulted in the rapid expansion of warehouses across the eastern & western Europe. In warehouse there is need for various material handling activities which is fueling the demand of the material handling equipment. This is expected to account for the considerable share in the market.

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Who are the Key Manufacturers and Suppliers?

Some of the leading manufacturers and suppliers of the product include

Vac-U-Max, Inc.
Continental AG
FMC Technologies
Anders Pedersen
Industrial Screw Conveyors, Inc
Maskin- & Specialfabrik
WAMGROUP
Shanghai Zenith Company
Conveyor Engineering and Manufacturing
DEMECH India
SPIRAC Engineering
KWS Manufacturing Company Ltd.
Martin Sprocket & Gear, Inc.
PST AB
Thomas and Muller Systems
FMC Technologies
Flexicon Corporation
Cyclonaire.

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.

Virtual Prototype Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022

The designing and testing of a virtual prototype is called virtual prototyping. A typical virtual prototyping solution involves, creation of a 3D solid model, a human-product interaction model and different test related models for structural analysis, motion analysis and manufacturing evaluations. The process involves usage of variegated advance softwares such as computer-automated design (CAutoD), computer-aided design (CAD), computer-aided engineering (CAE) etc. to present, analyze and test the various aspects of product life cycle.

Today the product development environment often revolves around compressed schedules and budget cuts, but an engineer must skillfully weave between these obstacles to reach his ultimate goal – Product release. One revolutionary method aiding the process of product development is Virtual Prototyping. A virtual prototype is a digital simulation of a physical product that can be used to visualize its behavior under real-world operating conditions.

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The prime advantage of virtual prototyping is a significant reduction in “time-to-market”. The process of creating a novel product involved numerous prototype builds, testing and the investment of months to years. However with the current availability of multi-physics modeling softwares for virtual prototyping, the time and investment is considerably reduced.

Secondly, building and testing on a physical prototype can miss some problems that may not materialize in test chambers, as manufactured. Whereas, in virtual prototyping such corner errors can be pointed out and hence improving on design quality. Thirdly, as it creates prototypes pretty quickly, the method empowers the user to test with multiple complex designs and helps in developing a more competitive product within a limited time frame.

Owing to these lucrative advantages the global virtual prototype market is anticipated to witness a healthy CAGR during the forecast period.

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Global Virtual Prototype Market: Drivers and Restraints

Growing competitiveness among all players of manufacturing industry, urges the use of virtual prototyping in their product development, as it helps businesses minimize time and cost while maximizing on quality and efficiency. Parallely the continuous growth in aerospace and automotive industry, is driving the need for new product development which in turn also fuels the market for virtual prototype. On the other hand, small player might restrain from virtual prototype solutions at this point of time due to high initial investment and lack of skilled professionals.

Global Virtual Prototype Market: Regional Outlook

Geographically, the global virtual prototype marketcan be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). Currently, North America and Europe owns the majority share in the virtual prototype solutions market, owing to high technology adoption in their local manufacturing sector. The APEJ nations particularly China and India, are anticipated to show a significant growth in their automobile and aerospace sectors in the forecast period, concurrently increasing their share in the global market for virtual prototypes.

Global Virtual Prototype Market: Key Players

AutoDesk, ARM, Imperas, Coverity, Carbon Design Systems, Synopsys, Qualcomm, Nvidia, Mentor Graphics, MediaTek, ASTC, Imagination Technologies, Cadence, ESI Group, Agilent Technologies etc.

The 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 research report provides analysis and information according to market segments such as geographies, and applications.

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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 include

North America (U.S., Canada)
Latin America (Brazil, Rest Of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Rest Of Western Europe)
Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
Asia Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
TheMiddle East and Africa (GCC countries, S. Africa, Rest Of MEA)

Global Virtual Prototype Market: Segmentation

On the basis of type of Virtual Prototyping tool:

Finite Element Analysis (FEA)
Computational Fluid Dynamic (CFD)
Computer Aided Machining (CAM)

On the basis of deployment type:

Cloud/Host
On-Premises

On the basis of end user industry:

Automotive
Aerospace
Petroleum
Chemical
Government or Military
Healthcare
Telecommunications
Electronics
Government or Military
Entertainment

Pea Starch Market to Display Strong Growth with Increased Focus on Production of Allergen Free Bakery Products

According to the recent FMI report, the sales for pea starch is expected to surpass a value of US$ 115 Million in 2031, rising at a CAGR of around 7.2% through the end of 2031.

Due to applications such as thickening and texturizing, binding, gelling and other applications pea starch is widely used in a number of industries such as the food and beverage industry, pet food, cosmetics and pharmaceutical industry. Hence owing to the applications in a wide variety of industries pea starch market is expected to show significant growth.

For the past few years, a huge consumer base around the globe are suffering from food allergies. Thus, the demand for allergen-free and healthy food has shown significant growth which has positively affected the sales of pea starch. Moreover, pea starch is also used as an additional ingredient in a variety of gluten-free food and beverage preparations.

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Key Takeaways from the Pea Starch Market Study

Pea Starch is widely consumed in food processing functions of thickening and binding, gelling and texturizing among others. While thickening and binding applications are dominating the application segment holding nearly 35% market share. However, gelling applications is expected to grow with a significant CAGR of 8.5% over the forecasted period.
Pea starch is widely consumed in food processing end-use which is accounting for around 25% of the total market value. However, increased potential in the bakery products industry has led to an exceptional CAGR of around 9.8%.
As the focus on food nutrition grows, non-GMO and clean label attributes are gaining traction. As a result, organic pea starch, which is rising at a rate of close to 8%, are posing a significant threat to conventional pea starch, which owns more than 85% of the market share.
Due to a robust and active food processing industry, North America and Europe are the major markets for pea starch accounting for more than 54% of the global market. However, lucrative opportunities are now emerging in the APEJ and Latin American markets, which are developing at a CAGR of 9.7% and 8.0%, respectively.

“Manufacturers are seeking to produce pea starch-based products in order to meet rising customer demand for nutritious and sustainable foods. They are also providing convenience and on-the-go foods with a healthy twist to satisfy the demand of millennial customers, contributing to the worldwide pea starch market’s rise,” says the FMI analyst.

Increased use for human consumption and application as a stabilizing agent in food processing is expected to drive growth in food-grade pea starch throughout the forecast period. Industrial grade pea starch, on the other hand, is predicted to expand at a faster rate of over 8%, with textile, adhesive, and cosmetic applications in packaging. These trends will be aided by the use of pea starch in the manufacturing of bioplastics.

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Who is winning?

Key players operating in the global pea starch market are focusing on reaching a large consumer base by implementing various strategies such as marketing and promotional activity, strengthening distribution channels and adopting sustainable production.

Some of the leading companies offering pea starch are Axiom Foods Inc., Dakota Dry Bean, Parrheim Foods, Cargill Inc., Vestkorn, Roquette, Sanstar Bio-Polymers, Emsland Group, American Key Products and others.

Get Valuable Insights into the Pea Starch Market

By Nature :

Organic
Conventional

By Application :

Thickening and Binding
Gelling
Texturizing
Others

By Grade :

Feed Grade
Food Grade
Industrial Grade

By End-Use :

Soups and Sauces
Snacks and Savory
Bakery Products
Food Processing Industry
Cosmetics
Pharmaceuticals
Pet Food Industry

By Region :

North America
Latin America
Europe
Japan
APEJ
MEA

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Summary

Diversified application of pea starch in wide variety of industries such as food and beverage, pet food, cosmetics, pharmaceuticals is one of the key reason behind the growing demand for pea starch market. In addition to this increasing awareness regarding health benefits of consumption of pea starch is also souring growth to the pea starch market.

About Food Market Division at FMI

Military Hydration Products Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022

Advancement in military activities and operations necessitated the development to produce advance military hydration products. Military hydration products can cater to a lot of medical and emergency distribution centres. Furthermore witnessing this opportunity, few defence and military equipment manufacturers are engaged in manufacturing of defence and military hydration products and equipment to cater to the global market. Nowadays military hydration products are not only restricted to military troops and soldiers but individuals involved in sports and other outdoor and adventurous activities like trekking are also taking advantage of military hydration products.

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The military operations are constantly going through exhausting preparations to make sure that satisfactory and safe water supplies are available during training and other military operations. While training, being hydrated is an essential component for soldiers to keep them physically fit and enhance their overall performance. Proper hydration of soldiers is a major concern which has triggered military activities to produce more niche products to cater to the cause of hydration.

Key Players

Some of the market participants in the global military hydration products market include Source Tactical Gear, CamelBak, Platypus and Cera Products Inc.

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Global Military Hydration Products Market: Drivers & Restraints

The rising concern for health and safety issues in defence and military operations is a major factor driving the demand for global military hydration products market. Moreover, the demand for military hydration products is directly influenced by rising military and defence expenditures across the globe. Encouraging the drinking of fresh water and being hydrated makes good sense for healthcare professionals and individuals globally.

It not only helps to reduce more common ailments but also improves wellbeing and reduces the volume of medicine consumption that are required. Supporting government norms to buy and spend more on health and safety products like military hydration will fuel the demand for global military hydration products in the future.

Region-wise Outlook

In terms of geography, the global military hydration products market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. The global military hydration products market is expected to register healthy CAGR during the forecast period and offers considerable commercial potential.

However regions of Latin America and emerging economies of Asia-Pacific are major hotspots for global military hydration products. However, the military hydration products in Europe is expected to register high CAGR as compared to the global market. India and China among the Asia-Pacific region are expected to grow steadily during the forecast period.

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Regional analysis includes

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

By Segmentation

On the basis of product type, the global military hydration products market is segmented into

Hydration packs
Bags
Water Bottles
Hydration accessories
Purification & Filtration Products
Reservoirs
Others

Report Highlights:

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

Compact Power Equipment Rental Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022

Compact tools are primarily used for construction related jobs. These tools are used at construction sites for activities like drilling, hammering, cutting, grinding, washing and blowing of the equipment’s. Compact power tools are light-weighted, small in size, easy to handle and transport. However, they are more complex to handle than the commonly used hand tools, requires skilled labour, and regular maintenance to avoid tool wear.

Compact power equipment includes all tools required for lighter construction jobs. The equipment is small in size and used in developing products with more ease and convenience. These compact power tools are of several types, such as engine-driven power tools, electric power tools and pneumatic power tools. They are used for various operations, such as drilling, polishing, woodwork routing and screw driving.

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Global compact power tools rental market is expected to grow at a steady rate, as the demand for power tools are on the rise in developing countries. Drivers responsible for the growth of power tools rental market include an increasing demand for fast accomplishment of projects and increasing infrastructural development activities at developing regions like Asia, where construction companies rent the tools from power tool companies as they cannot afford to invest in power equipment. The challenges ahead include continuous maintenance and high cost of equipment. Many a time, clients who borrow equipment from companies, damage the tools, which is also a major concern for the power tool rental market.

Segmentation of compact power tools market is done on the basis of types and geography. Compact tools are of various types like electric power tools, engine-driven power tools and pneumatic power tools. Wherein electric power tool includes cordless tools, drilling & demolition, screw-fastening tools, direct fastening tools, cutting/sawing/grinding tools, dust extractors, glue and heat guns, high pressure washers and blowers . Key geographic segments for compact power tools market include North America, Latin America, Asia-Pacific and EMEA (Europe, the Middle East & Africa) region. Asia-Pacific is the most prominent region for compact power tools companies owing to increasing construction and infrastructural development activities in countries like India, Japan and China.

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Key trends in compact power tools market are an increasing competition from Chinese manufacturers as Chinese vendors are penetrating this market with their tools with competitive prices as compared to other vendors.

Of the many players in the compact power tools market, Makita Corporation, Bosch, Stanley Black & Decker and Techtronic Industries are the dominant leaders. Other important players include Hilti Group, Panasonic Corporation, Emerson Electric Company, Snap-on Inc., etc. Mergers & acquisitions of key players provide opportunity to expand their product portfolio.

In North America, Bosch acquired SPX Corporation’s Service Solution business which manufactures, develops and sells service equipment and repairs workshop accessories. In Europe, Techtronic Industries acquired Ryobi’s power tools business and Royal Appliance Manufacturing Company, a market leader in North America which develops, markets and assembles cleaning appliances such as vacuum cleaners for domestic as well as commercial use. Emerson Electronics decided to focus on acquisitions and divestitures in order to increase investment in technology and also have a strong focus to acquire the market in developing countries. This is also because of decreasing demands of their products in Europe and market saturation in the U.S. and China.

The future of compact power equipment is very attractive due to an ever-increasing demand for compact power tools. Due to saturation of developed markets like Europe, the U.S. and China, players in this market are now moving their focus towards developing or emerging nations.

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This research report presents a comprehensive assessment of the compact power equipment market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market types and geography. The report covers an 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
Latin America
Asia-Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa

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. It provides an 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.

Global Compact Power Equipment Rental Market

Report Highlights:

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