Market Research Blog – Page 1527 – New Product Development

Automotive Garage Equipment Market Projected to Reach USD 63.1 Billion by 2033, Growing at an 8.94% CAGR | FMI Reports

The global automotive garage equipment market, valued at USD 24.4 billion in 2022, is projected to grow to USD 26.8 billion in 2023. According to Future Market Insights, the market is expected to expand at a robust CAGR of 8.94% from 2023 to 2033, reaching approximately USD 63.1 billion by 2033.

This significant growth is driven by factors such as the increasing number of vehicles on the road, heightened demand for vehicle maintenance and repair services, and advancements in automotive technology. Automotive garage equipment encompasses a broad range of tools, machinery, and diagnostic instruments used in repair shops and service centers to diagnose, maintain, and repair vehicles.

Get in Touch with Our Sales Team to Secure Your Copy of the Report Now!

A key driver for the market is the growing global vehicle fleet, with many older vehicles requiring regular upkeep and repairs. As vehicles age, the need for garage equipment and services escalates, fueling market growth.

Advancements in automotive technology, including electronic systems, advanced driver assistance systems (ADAS), and hybrid and electric powertrains, are also boosting demand for specialized garage equipment. Manufacturers are developing tools such as diagnostic devices, battery chargers, tire changers, and wheel alignment systems tailored for modern vehicles with complex electronic and hybrid components.

Additionally, the increasing focus on vehicle safety, performance, and environmental sustainability is driving demand for garage equipment capable of addressing issues related to emissions, fuel efficiency, and safety features. Automotive repair shops and service centers are investing in equipment like emission testers, brake testers, and wheel balancers to meet regulatory standards and customer expectations.

Key Takeways for Automotive Garage Equipment Market

Market Growth: The global automotive garage equipment market is experiencing substantial growth, with an estimated value of USD 26.8 billion in 2023 and projected to reach approximately USD 63.1 billion by 2033, driven by a CAGR of 8.94%.
Rising Vehicle Parc: The increase in the number of vehicles on the road, including older models that require regular maintenance, is a primary driver of market demand for garage equipment.
Technological Advancements: Innovations in automotive technology, such as electronic systems, advanced driver assistance systems (ADAS), and hybrid and electric powertrains, are fueling the need for specialized garage equipment that can service and repair these advanced vehicles.
Increased Vehicle Maintenance Needs: As vehicles age, the demand for maintenance and repair services grows, driving the need for a wide range of garage equipment, including diagnostic tools, battery chargers, tire changers, and wheel alignment systems.
Emphasis on Safety and Compliance: There is a growing focus on vehicle safety, performance, and environmental sustainability, leading to increased demand for equipment that can diagnose and address issues related to emissions, fuel efficiency, and safety features.
Regulatory Standards: Automotive repair shops and service centers are investing in equipment to ensure compliance with regulatory standards and meet customer expectations for vehicle safety and performance.

Recent Developments:
In June 2023, ISTOBAL showcased its new M’WASH3 PRO rollover at Autozum 2023, the leading Austrian trade show for the car wash, service station, and dealership industry, held at Messezentrum Salzburg (Stand 09-0200).

The company is exhibiting for the first time at a show and on the international market. This innovative high-end equipment is aimed at increasing profitability in carwashes and improving the user experience through efficient and connected technology.

Comprehensive Market Insights: Full Report Overview

Leading Key Players:

MAHA Maschinenbau Haldenwang Gmbh & Co. KG
Snap-on Incorporated
Robert Bosch GmbH
Continental AG
Forward Lift Company (Dover Corporation)
VisiCon Automatisierungstechnik GmbH
Standard Tools and Equipment Co.
Symach Srl
Nussbaum Automotive Solutions
SAMVIT GARAGE EQUIPMENT

Automotive Garage Equipment Market Segmentation:

By Vehicle:

2 Wheelers
Light Vehicles
Heavy Vehicles

By Equipment:

Lifting Equipment
Body Shop Equipment
Wheel & Tire Alignment
Vehicle Diagnostics & Testing
Washing Equipment
Other Tools

By Garage:

OEM
Franchisee Garages
Independent Garages

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Computer Peripherals Market Size and Shares to Grow at a CAGR Value of 10.5% By 2033 | Future Market Insights, Inc.

The global sales of computer peripherals have been forecast to generate a value of USD 446 billion in the current year 2023. The FMI market analysis report further predicts the demand for computer peripherals to grow at 10.5% CAGR from 2023 to 2033. By following this promising growth the overall market value is expected to conclude at USD 1,214.1 billion at the end of 2033.

Many professionals now need numerous computer peripherals as part of their regular work routines. It has turned into a leading market growth factor with the growing trend towards remote or hybrid work and the move toward working from home.

Youngsters have also started using higher quality and advanced computer peripherals to enhance their gaming experiences since they offer greater responsiveness and less stuttering. Additionally, because they are frequently smaller than conventional computer peripherals, they are also simpler to integrate into a gaming setup.

Get in Touch with Our Sales Experts Now and Gain the Insights You Need to Thrive!

Virtual reality (VR) headsets are a supplementary market that is starting to get more attention nowadays with the rising popularity of metaverse technology. The global sales of VR headsets are expected to generate more than USD 10 billion in sales in the present year.

Storage units constitute another main computer peripheral category and are anticipated to generate over USD 40 billion in worldwide revenue during the upcoming years. Speed, dependability, and security have all improved with next-generation storage technologies that are anticipated to strengthen the overall market through the forecast years.

The sales of original computer peripherals might get constrained by customer price sensitivity and the expanse of service center networks. Consumers may choose cheaper or packaged choices, which may reduce the use of expensive or specialized computer peripherals invariably limiting the market trends.

Key Takeaways from the Computer Peripherals Market Study Report

With the presence of many leading computer peripheral producers, the United States currently dominates the global market. As per the market survey reports, this country alone contributed almost 17.6% of the total revenue generated by the global market in 2022.
Among the broad geographical regions, North America holds a greater market share and its overall share in 2022 was about 32.1%. Meanwhile, Europe follows it in terms of demand for computer peripherals, and European market players held nearly 25.5% revenue share that year.
In particular, Germany is the leading producer and supplier of computer peripherals with a global market share of 10.4% recorded in 2022. On the other hand, the demand for computer peripherals is higher and it could exhibit a 9.9% CAGR over the forecast years.
Asia Pacific countries are emerging to be lucrative hubs for computer hardware and electronics industries. As per the survey reports, Japanese manufacturers contributed for 5.4% share of the global revenue of 2022.
China and India are identified to be the two notably growing markets and could witness CAGRs of 12.5% and 12.2% through 2033 respectively.

Competitive Landscape for the Computer Peripherals Market Players

HP, Samsung, IBM, Apple, Dell, Microsoft, Ricoh Company, Toshiba, Canon, and Logitech International are some leading participants in the industry covered in the report. With the emergence of many regional players after the rapid growth of digitization the overall market is tremendously diversified in the present time. Compatibility issues may influence purchase decisions and impede market expansion as well as requiring a universal standard for computer peripherals.

Microsoft Incorporation revealed its plan to purchase Activision Blizzard in January 2022. Microsoft hopes to make gaming more enjoyable and social for a wider spectrum of people, available on various peripheral devices of their choice.

A Full Report Analysis:
https://www.futuremarketinsights.com/reports/computer-peripherals-market

Key Segments Covered in the Computer Peripherals Industry Survey

Computer Peripherals Industry by Connectivity:

Wired
Wireless

Computer Peripherals Industry by End Use:

Residential Use
Commercial Use

Computer Peripherals Industry by Product Type:

Input Devices
Output Devices
Storage Devices

Computer Peripherals Industry by Region:

North America
Europe
East Asia
South Asia
Oceania
The Middle East & Africa (ME&A)
South America

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Valve Seat Inserts Market Projected to Hit USD 8,974.3 Million by 2033, Growing at a 3.9% CAGR | FMI Reports

The valve seat inserts market is projected to be valued at USD 6,121.3 million in 2023, rising to USD 8,974.3 million by 2033. The global industry recorded a CAGR of 3.9% from 2023 to 2033.

Significant growth in sales of valve seat inserts is anticipated due to the global expansion of warehouse space. The high demand for forklift truck replacements in developed economies and the burgeoning e-commerce industry are driving market growth.

Future Market Insights (FMI) predicts that the output of industrial trucks will increase by 4% to 6% annually, further boosting the demand for valve seat inserts. Carbide valve seat inserts are preferred over traditional steel or iron inserts due to their superior wear and corrosion resistance. Additionally, the trend towards lighter cars is increasing the demand for carbide products in the market.

Seize the Opportunity: Checkout Now for a Thorough Report!

Profitable Market Opportunity:
The companies are making significant investments to enhance their manufacturing capabilities. High revenue is made possible by innovative products that use new materials. To take advantage of the continually rising demand for valve seat inserts.

Key Takeaways from the Valve Seat Inserts Market Report:

By 2033, the valve seat inserts market in the United Kingdom is likely to expand with a CAGR of 2.7%.
In 2023, the United States is likely to expand in the valve seat inserts sector, with a share of 12.1%.
The valve seat inserts market was flourishing with a size of US$ 5,881.9 million in 2022.
By 2033, the valve seat inserts industry in China is likely to expand, with a CAGR of 4.6%.
In 2023, Australia is projected to expand in the valve seat inserts business, with an expected share of 0.4%.
The market is anticipated to expand at a valuation of US$ 6,865.79 billion by 2026, owing to technological advancements such as turbocharging.
By 2033, India is projected to expand significantly in the valve seat inserts sector, with a share of 5.1%.
Japan’s valve seat inserts market share is projected to increase by 8.8% in 2023.
By 2033, iron alloys are anticipated to control the market in terms of material type, with a projected share of 51.3% in 2023.
Based on the end-use industry, the automotive sector is likely to dominate the market with a share of 73% in 2023.

Competitive Landscape:
To address the issues raised by current manufacturing methods, producers are likely to concentrate on creating valve seat inserts utilizing novel technologies, such as powder metallurgy. By releasing high-end products, industry participants maintain the uniqueness of their products and solidify their positions in the global market.

Leading Key Players:

MAHLE GmbH
Tucker Valve Seat Company
Indian Seats & Guides Company
Nippon Piston Ring Co., Ltd
Dura-Bond Bearing Company
BLW Engine Valves
Federal-Mogul LLC
MS Motorservice International GmbH
Microfinish
Kavya International
Perfect Alloy Components Pvt. Ltd.
Coopercorp Engine Components
Summit Valve Train LLC
XLP Engineers Pvt. Ltd.
S.B. INTERNATIONAL, INC.
Fondera Limited

Full Market Assessment: Comprehensive Report

Recent Developments:

The product line for valve seat inserts was expanded by Federal-Mogul LLC in 2018 with the launch of the MoS2 coated inserts. These inlays offer enhanced durability and performance. In 2019, Tenneco Inc., a significant global manufacturer of automotive parts, acquired Federal-Mogul.

In 2019, Trelleborg purchased an advanced composite component producer, Automatic Dynamics. The company’s ability to produce lightweight materials for high-performance industries like aerospace and defense was enhanced by the acquisition.

Valve Seat Inserts Market Segmentation:

By Sales Channel:

OEM
Aftermarket

By Material Type:

Iron Alloys
Steel
Nickel-based Alloys
Others

By Engine:

Gasoline Engine
Diesel Engine
Gas Engine

By End Use:

Automotive
- Passenger Cars
- Light Commercial Vehicle
- Heavy commercial vehicle
Off-Highway
Two-wheelers
Marine
Industrial Machinery

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
The Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Rising Trends in the Carboxymethyl Cellulose Market: Key Insights and Forecasts to 2033

The global carboxymethyl cellulose market, valued at approximately USD 1,835.10 million in 2022, saw an increase to USD 1,923.2 million in 2023, reflecting a steady upward trajectory. Projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2033, the market is expected to reach USD 3,073.5 million by 2033. This growth is driven by the rising demand for CMC across various industries, including food, paints, coatings, paper and pulp, construction, and textiles, where its versatile properties enhance product performance and functionality.

Carboxymethyl cellulose serves as a stabilizer, thickener, and emulsifier in various food and beverage products, such as dairy products, sauces, and dressings. The pharmaceutical industry is also using it as a disintegrant and binder in tablet formulations to improve medication delivery and effectiveness. The demand for carboxymethyl cellulose in the food & beverage and pharmaceutical industries has been pushed by the rising demand for processed and convenience foods.

Carboxymethyl cellulose is used in the paint and coatings sector as a rheology modifier to enhance the consistency and performance of the end product. In addition to this, it also serves as a sizing agent in the textile industry, giving materials strength and stability throughout production. The rise of the textile sector and the growing demand for paints and coatings is anticipated to boost carboxymethyl cellulose sales further.

Reach Out to Our Sales Team Now and Discover the Insights You Need to Succeed.

Key Takeaways from the Global Carboxymethyl Cellulose Market Study Report by FMI

By the end of 2022, the United States dominated the global market by acquiring almost 12% of the total revenue share. The companies based in the country are in a good position to benefit by seizing chances to broaden their customer base in foreign countries.
In Europe, Germany was the leading market for carboxymethyl cellulose until 2022, with a global revenue share of 5.6% that year.
The demand for carboxymethyl cellulose is expanding fast in the Asia Pacific region as a result of rising industrialization in many countries. For instance, China and India are poised to witness year-on-year growth rates of 6.8% and 6.5% from 2023 to 2033 respectively.

“Carboxymethyl Cellulose (CMC) emerges as a pivotal player in various industries, demonstrating versatile applications in food and beverage, pharmaceuticals, and cosmetics. The study underscores CMC’s growing demand owing to its unique properties, such as thickening, stabilizing, and water retention capabilities, positioning it as a crucial ingredient with significant market potential.” says an analyst at Future Market Insights (FMI).

Competitive Landscape for the Carboxymethyl Cellulose Market Players

Regional industries that manufacture and provide carboxymethyl cellulose are seeing much better commercial opportunities as demand for the product is spreading out in emerging economies. New market players are getting a competitive edge in global and regional marketplaces by providing custom solutions catering to various industrial requirements. However, the fluctuation in raw material prices, which can affect manufacturing costs and overall profitability, is the main challenge the regional industries face.

Key Companies Profiled

CP Kelco,
The Dow Chemical Company
Ashland Global Holding Inc.,
Anqiu Eagle Cellulose Co., Ltd,
Wealthy Chemical Industry (Suzhou) Co., Ltd.
Shanghai Shenguang Edible Chemicals Co., Ltd.
Akzo Nobel N.V.
Nippon Paper Industries Co. Ltd.
Lamberti S.p.A.
Xuzhou Liyuan Cellulose Technology Co. Ltd.
Daicel Finechem Ltd
Química Amtex, S.A. de C.V.
DKS Co. Ltd
Ugur Seluloz Kimya AS
Mikro Technik GmbH

Explore the Full Report for Detailed Insights!

Carboxymethyl Cellulose Industry Survey by Category

By Grade:

High Purity Grade (99.5%+)
Technical Grade (90 to 99.5%)
Industrial Grade (50 to 90%)

By Application:

Food & Beverage
Detergent
Paper & Pulp
Oil Field Drilling Fluid
Cosmetic & Pharmaceutical
Paint & Coating
Others (Construction, Mining, Textile, etc.)

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Marine Fin Stabilizer Market Projected to Reach USD 26.1 Billion by 2033, Growing at a 12.1% CAGR | FMI Reports

The global marine fin stabilizer market is expected to reach USD 8.3 billion in 2023, driven by the expanding marine industry. This trend is anticipated to generate new opportunities, leading to a projected CAGR of 12.1% from 2023 to 2033, with the market reaching an estimated USD 26.1 billion by 2033.

Advancements in ship design technology have enabled naval architects to better analyze and study wave motions around the ship’s hull. These developments have significantly improved design techniques and methods to mitigate the effects of waves, ensuring a safer and more comfortable voyage for passengers and crew. This progress is contributing to the growth of the marine fin stabilizer market.

However, the market faces challenges from various motion categories experienced during voyages due to wind and water waves, which may impede market growth. Despite these obstacles, the ongoing technological advancements and increasing demand for enhanced maritime comfort and safety are expected to drive the market forward.

Ready to make an informed decision? Contact our sales team to secure your copy of this report and stay ahead of the competition.

Key Takeaways from the Market Study

The global marine fin stabilizer market expanded at a CAGR of 11.3% between 2018 and 2022.
The market share of North America in 2022 was 27%.
Germany is forecasted at a CAGR of 10.9% CAGR from 2023 to 2033.
China is predicted at a CAGR of 6.8% CAGR from 2023 to 2033.
Based on product type, the retractable segment is estimated to influence the global marine fin stabilizers with a market share of 70.1% in 2022.
Based on vessel type, merchant vessel is projected to create a market share of 50.2% in 2022 of the market share.

“Increase in the overall demand for marine fin stabilizers is one of the key drivers of the marine fin stabilizer market”, – comments a Future Market Insights analyst.

Market Competition

Key players in the marine fin stabilizers market focus on research and development for new product designs of fin stabilizers for merchant vessels, fishing vessels, and coast guard ships. Many companies also focus on strengthening their geographic presence across the globe through partnerships and collaborations with other manufacturers.

First order for LNG fuel gas supply systems was received by Mitsubishi Heavy Industries for their high-pressure marine engines for both low and high-pressure types.
Kongsberg Maritime announced a contract with Finnish shipyard Rauma marine constructions (RMC) for delivering marine propulsion and steering equipment for passenger ferries.

Key Companies Profiled

The Neptune
Groupe Foure Lagadec
Fincantieri S.p.A
SKF Group
Western Marine Electronics Inc.
Imtra Corp
Kongsberg Maritime (RRCM)
The NAIAD Dynamics US Inc
Mitsubishi Heavy Industries
Quantum Marine Stabilizers
Matn’s Stabilizers
CMC Marine Srl
ABT TRAC
Rotorswing Marine United Kingdom
WTSV Technologies

Comprehensive Industry Report: A Full Market Analysis

Global Marine Fin Stabilizer Market by Category

By Product Type:

Retractable fin stabilizers
Non- retractable fin stabilizers
Anchor or rest stabilizers

By Vessel Type:

Passenger Vessels
- Passenger & Vehicle Ferries
- Cruise Ships
- Yachts & Superyachts
Naval and Coast Guard Vessels
Fishing Vessels
Merchant Vessels

By Fit Type:

First Fit
Retro Fit

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East and Africa

About Future Market Insights (FMI)

Contact Us:

Ponceau 4R Colors Industry Anticipated to Expand at 2.7% CAGR, Surpassing USD 8.2 Million by 2032

The global ponceau 4R food colors market is set to witness growth at a CAGR of 2.7% and top a market valuation of US$ 8.2 Mn by 2032. Currently, the market stands at US$ 6.1 Mn by value. Ponceau 4R is a strawberry red azo dye which is used in a variety of food and beverage products.

Ponceau 4R, a synthetic food coloring, has gained significant traction in the global food industry due to its vibrant red shade and wide applications. The Ponceau 4R Colors Market has witnessed remarkable growth as food and beverage manufacturers increasingly seek visually appealing products to attract consumers. This water-soluble dye is commonly used in confectioneries, beverages, sauces, and various processed foods. Its approval by regulatory authorities like the FDA and EFSA has further boosted its demand.

FMI study indicates that synthetic food colors will account for nearly US$ 1.06 Bn of sales in the global market by the end of 2032. Out of this, the ponceau 4R colors market will have a market share of 0.9% by 2032. By volume, the market had a consumption of 1300 metric tonnes globally in 2021.

The global azo dyes market of which the ponceau 4R colors are a part, is influenced by growing demand for innovative, unique-looking food dishes, and changing taste and food preferences. This trend has been complemented further due to the increasing use of photo-sharing social media worldwide.

The synthetic food colors market is for the masses and is widely used by the food processing industry across the world, unlike natural food colors which is a niche market. Ponceau 4R, also called new coccine, cochineal red A, and brilliant scarlet 4R is a synthetic black diazo that is highly effective and easily imparts intense uniform color in food and beverage products at a faster pace.

The global ponceau 4R food colors market is dominated by the Indo-China region and Brazil. An increase in consumer discretionary income in regions such as the Middle East, South America, Asia Pacific, and Africa has made it easier for customers to consume more ready-to-eat processed food products augmenting the demand for ponceau 4R.

Ponceau 4R is banned in the U.S. while the European acceptable daily intake (ADI) is 0.7 mg/kg. Such regulations across developed countries and potential side effects remain a key restraint to the ponceau 4R colors market.

“Companies producing ponceau 4R would gain significantly by targeting the confectionery and baked foods sectors. Establishing strategic alliances with global candy, confectioneries, savory snacks, viennoiseries, and bakery food brands would immensely help these artificial food colorant brands,” says an FMI analyst.

Purchase now for exclusive access to comprehensive information.

Key Takeaways:

The Asia-Pacific Ponceau 4R market exhibited sales of 342 metric tons by volume in 2021 and is expected to grow at 2.37% CAGR, one of the highest among regions, between 2022 and 2032.
In Europe, the Middle East, Africa, and India profiled as the EMEAI region, the demand for Ponceau 4R food colors is expected to grow at 1.8% CAGR between 2022 and 2032, while the Indian Subcontinent is poised to have a revenue of USD 450,000 by 2032.
The North America ponceau 4R food colors market is upheld only by Canada and Mexico as the food colorant is banned in the U.S. The North America market totaled US$ 371,200 in 2021.
By application, the candy and confectionery industry holds the highest market share of roughly 22%.
The meat and poultry industry’s consumption of ponceau 4R was US$ 237,000 in 2021.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Europe Vehicle Remote Diagnostic Market is Expected to Reach a Strong Valuation of USD 6,001.1 Million by 2033 | FMI

The Europe vehicle remote diagnostic market is forecasted to expand at 14.4% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of USD 1,810.2 million in 2023 and USD 6,001.1 million by 2033.

The Europe region is currently suffering from an extreme deficit of drivers. As a result, manufacturers of LVC and MCV, i.e., light commercial vehicles and medium commercial vehicles, are improving the safety features of their automotives. Due to the rising restrictions from different authorities, governments as well as the environment, the scope of electrically charged steering is accelerating in Europe.

Steering electrification of LCVs and MCVs is springing forth with driver and safety assistance functionalities like active cruise control, lane centering assist, etc., thus fueling the market growth.

Reach Out to Our Sales Team Now and Unlock the Insights You Need to Succeed!

The market is also being propelled by the increasing rate of road accidents and crashes. 6% of car accidents in Europe are caused by malfunctioning vehicles or other vehicle-associated equipment, as per the Association of Advancement of Automotive Medicine. The use of an appropriate vehicle remote diagnostic helps in detecting malfunctioning vehicle components.

Remote vehicle health diagnostic systems like Blue Link by Hyundai and SYNC by Ford have these features. The aforementioned system provides information related to the operational status of different vehicle components.

Technological innovations like the incorporation of the Internet of Things (IoT) and telematics are inducing market growth. These technologies assist users to engage with the linked car ecosystems to provide a better and more comfortable driving experience.

Various factors like the increasing demand for luxury and sports vehicles and excessive research and development activities to enhance passenger safety, are expected to propel the market even more.

Top Highlights from the FMI’s Analysis of the Europe Vehicle Remote Diagnostic Market:

The United Kingdom is expected to gain a significant portion of more than 9.8% of the Europe vehicle remote diagnostic industry in 2023. The United Kingdom is expected to register a CAGR of 10.4% over the next 10 years.
Germany market gained an 8.2% market share in Europe market in 2022. The market is projected to propel at a CAGR of 9.2% in the upcoming years.
France market acquired a 5.4% market share of Europe region in the year 2022.
Italy vehicle remote diagnostic industry acquired a 4.4% market share in 2022.
Spain’s vehicle remote diagnostic industry is anticipated to expand at a significant rate of 14.4% CAGR over the forecast period.
Based on the solution, the vehicle remote diagnostic software (ECU diagnostic software) procured 55.9% in 2022.
Based on vehicle type, the heavy commercial vehicle obtained 59.6% market share in 2022.

Key Players Operating in the Market

MAHLE Aftermarket GmbH
Herth+Buss
Astech
Autologic Diagnostic
Bosch Automotive
Vector Informatik
ACTIA Group
Jifeline Remote Diagnostic BV

Innovation Watch: Key Developments in the Market

Continental released Autodiagnos Drive, a remote vehicle data solution in November 2021. The solution is intended to provide progressive diagnostic information that fleet managers, service providers, and repair facilities can deploy to optimize their data-driven services.
Hella Gutmann created a Cyber Security Management (CSM) feature in its diagnostic devices in July 2021. This feature provides authentication with gateways, consequently facilitating robust diagnostic checks for diverse vehicle types.
Snap-on delivered a software upgrade for its diagnostic tools in April 2021. This upgrade permits professional technicians to access the full potential of their diagnostic platform to boost their productivity and tackle the toughest obstacles quickly.

A Full Report Analysis:
https://www.futuremarketinsights.com/reports/europe-vehicle-remote-diagnostic-market

Europe Vehicle Remote Diagnostic Market Outlook by Category

By Solution:

Vehicle Remote Diagnostic Software (ECU Diagnosis Software)
Remote Diagnostic Services
- ECU Programming
- ECU SW Download & Support
- Component Coding & Fixing
- Others

By Vehicle Type:

Passenger & Light Commercial Vehicle
Heavy Commercial Vehicle

By Engine Type:

Internal Combustion Engine
Electric/ Hybrid Engine

By Country:

Germany
Italy
France
The United Kingdom
Spain
BENELUX
Norway
Sweden
Denmark
Finland
Poland
Russia
Rest of Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Boat Trailers Market Projected to Reach USD 1,590 Million by 2033, Growing at a 4.5% CAGR | FMI Reports

In 2022, the global boat trailers market reached a consensus value of USD 978.7 million and is projected to be approximately USD 1,023.9 million in 2023. The market is anticipated to grow at a modest CAGR of 4.5% from 2023 to 2033, potentially reaching USD 1,590 million by 2033.

Boat trailers offer several unique selling points (USPs), such as customization options, various load capacities, and distinct low-speed and high-speed trailers. The rise in marine tourism and the expansion of boat fleets are key drivers of the boat trailer market’s growth.

The market is rapidly expanding due to the surge in marine tourism and recreational water activities. Increasing boat trailer sales are driven by the growing popularity of activities such as boating, yachting, kiteboarding, and water skiing.

Furthermore, tourism is on the rise in countries with river access. Consequently, there is a growing demand for boats and other water-related equipment for recreational purposes in both emerging and developed nations.

Gain Immediate Access to Detailed Market Insights: Checkout Now to Uncover Segment-specific Information, Identify Key Trends, Drivers, and Challenges:

Increasing Boat Sales for Recreational Activities

The boat trailers market growth is directly correlated with increasing fleet of boat and new sales of boats. With the increase in the growth of marine tourism and water activities, the demand for new boats is expected to rise, which in turn, fuels the sale of boat trailers.

The main advantage offered by the boat trailer is to provide the flexibility for transport boats to various places such as inlets, rivers, lakes, bays, & the sea. There are two types of boat trailers, bunk and roller type trailers, which are used by end users. With the increase in boat parc, the demand for boat trailers also increased as boat trailers provide safety to boats and increases the life of a boat.

Boat trailers also prevent salt water boats from rust formation due to coatings and change of materials. Such features have led to the growth of the global boat trailer market.

Moreover, increasing average life of the boat and growing maintenance and services of boats, increases the sales of boat trailers for old boats. In 2017, more than 10 million boats were registered in the U.S. and this number is estimated to grow with ~ 1% growth rate in the nearby future. With the increase in the U.S. boat fleet, the sales of boat trailers also increases as the U.S. holds ~43%share in the global boat trailer market.

Market Attractiveness of the South Asia-East Asia-ASEAN Cluster Surging

In the global boat trailers market, South Asia and East Asia are estimated to grow with high growth rate over the forecast period due to the increasing number of marine tourists and also, increases the sales of boats and boat parc across regions. In East Asia, China is one of the prominent countries and holds a significant share in the market due to the presence of several manufacturers in the country.

China is expected to drive the growth of the East Asia boat trailer market. In South Asia, India and ASEAN countries are estimated to boost the growth of the market due to the increasing disposable income of the middle class population. The North America market is projected to be a prominent market in the global boat trailers market, owing to the high demand and use of boat trailers for personal and commercial applications.

Moreover, Latin America and Middle East & Africa markets are also estimated to grow with healthy CAGR throughout the forecast period. We have also considered the Caribbean region in Latin America. All prominent macroeconomic and forecast factors are included while calculating the boat trailers market size.

Competitive Landscape

Leading manufacturers’ innovations and advancements in the global market are anticipated to be driven by the demand for boat trailers. The companies are concentrating on forming partnerships with top logistics companies and governments.

Rapid transportation of products to any customer worldwide and ensuring that their product should provide the necessary benefits. Apart from providing great value, quality, and durability, the prominent players are competing for a larger portion of the market by utilizing strategies including investments, partnerships, acquisitions, and mergers. Companies are also investing heavily in the creation of high-quality products using modern trends and technologies.

Key Players

Kropf Industrial Inc.;
HOSTAR Marine Transport Systems, Inc.;
TRIGANO Group;
Hydrotrans;
Balbi Rimorchi srl;
EZ Loader;
Midwest Industries Inc.;
TRACKER;
Load Rite;
Karavan Trailers;
HLT Ltd.;
Boatmate Trailers;
Venture Trailers

Extensive Market Research: Complete Report and Findings

Global Boat Trailers Market by Category

By Product Type:

Bunk Trailers
Roller Trailers
Hybrid Trailers

By Material Type:

Aluminium
- Single Axel Type
- Triple Axel Type
- Tandem Type
Galvanized Steel
- Single Axel Type
- Triple Axel Type
- Tandem Type

By Load Capacity:

Up to 1,500 kg
1,500 kg- 3,000 kg
3,000 kg- 4,500 kg
More than 4,500 kg

By Region:

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

About Future Market Insights (FMI)

Contact Us:

Low Rolling Resistance Tire Market Projected to Hit USD 54 Billion by 2033, Growing at an 11.3% CAGR | FMI Reports

The low rolling resistance tire market is poised for substantial growth, with forecasts predicting it will reach USD 54 billion by 2033, driven by a strong compound annual growth rate (CAGR) of 11.3%. This expansion is largely attributed to the rising demand for fuel-efficient vehicles and the increasing focus on reducing carbon emissions. Low rolling resistance tires, designed to minimize energy loss as a tire rotates, are essential for improving vehicle efficiency and sustainability.

As both consumers and manufacturers prioritize environmental impact and cost savings, the market for low rolling resistance tires is set to see continued innovation and widespread adoption, becoming a key component in the automotive industry’s shift toward greener technologies.

Industry players are increasingly incorporating nanomaterials into tire production to leverage their benefits in reducing rolling resistance, enhancing wear resistance, and improving safety. The demand for fuel-efficient vehicles, which require less engine power to move due to the lower rolling resistance of these tires, is expected to drive market growth and boost sales.

Ready to make an informed decision? Contact our sales team to secure your copy of this report and stay ahead of the competition!

The growing popularity of electric and hybrid vehicles, which use low rolling resistance tires to maximize battery range, is further fueling demand. Additionally, advancements in tire technologies, such as the use of silica compounds, are benefiting the market. Many manufacturers are collaborating with leading research institutions to drive product innovation. For example, Sumitomo Rubber Industries Ltd. partnered with Kansai University in March 2021 to develop new technology capable of generating electricity from tire rotation. This research aims to integrate a power-generating device within the tire to capture static electricity produced during rotation. Such innovative efforts are anticipated to create significant growth opportunities in the market throughout the forecast period.

Key Takeaways from the Low Rolling Resistance Tire Market Report:

The United States low rolling resistance tire market is expected to grow with a CAGR of 11%.
The market in China is expected to grow with a CAGR of 11.4% during the forecast period.
By sales channel, aftermarket segment is projected to grow with an impressive CAGR of 14.4% during the forecast period.
The market in India is expected to grow with a CAGR of 11.5% throughout the forecast period.

Competitive Landscape:
The low rolling resistance tire market is intensely competitive, with several key industry players investing heavily in providing these services.

Leading Key Players:

The low rolling resistance tire market is dominated by leading key players such as Bridgestone Corporation, The Goodyear Tire & Rubber Company, Sumitomo Rubber Industries Ltd., Pirelli & C S.p.A, Hankook Tire, MICHELIN, and Continental AG. Other significant contributors include Trelleborg AB, The Yokohama Rubber Co. Ltd, Apollo Tyres Ltd., Maxxis International (Cheng Shin Rubber), Marangoni S.p.A, and MRF Tyres. These companies are at the forefront of innovation, focusing on enhancing fuel efficiency and reducing carbon emissions through advanced tire technologies. Their competitive strategies involve substantial investments in research and development to produce high-performance, sustainable tire solutions.

Extensive Market Research: Complete Report and Findings

Recent Developments:

In 2021, Goodyear Tire & Rubber Company began the acquisition of Cooper Tire & Rubber Company for approximately USD 2.5 billion. This move expands Goodyear’s product range, strengthens its position as a US-based manufacturer, and boosts its presence in retail and distribution channels for LUV product and light trucks segments.
In February 2022, Yokohama Tire Corporation launched sustainable tires for Supercars, utilizing biomass-derived synthetic rubber and recyclable thermo-reversible rubber.
Bridgestone Corporation, in 2021, announced a USD 9.3 billion investment in launching revolutionary equipment at the Shimonoseki Plant. This facility manufactures tires for construction and mining vehicles. The installation process, scheduled to begin in 2022 and conclude by 2025, aims to enhance the company’s production system in terms of eco-friendliness, disaster preparedness, safety, quality, and productivity.

Low Rolling Resistance Tire Market Segmentation:

By Vehicle Type:

Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle

By Width Type:

Dual Type
Wide Band Type

By Sales Channel:

OEM
Aftermarket

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Rust Remover Market Set for Robust Growth: Projected to Reach USD 817.7 Million by 2033

The global rust remover market is projected to achieve a valuation of USD 531.6 million in 2023 and is expected to grow steadily at a CAGR of 4.4% over the next decade, reaching USD 817.7 million by 2033. This growth is driven by the rising demand for rust removers across various end-use industries, where the need to maintain and extend the lifespan of metal equipment and infrastructure is paramount. As industries increasingly focus on preventive maintenance and corrosion control, the market for rust removers is anticipated to expand significantly, reflecting their essential role in preserving the integrity of metal products.

Rust remover market growth has been fueled by the construction and automotive industries’ ongoing search for low-cost corrosion removal technologies. Rust remover compounds now face fierce competition from developments in composite materials. The rising popularity of ultrasonic technology for rust removal has also limited the potential of the rust remover sector.

The rust remover industry’s revenue growth is anticipated to be supported by the rising number of remodeling and restructuring projects. Moreover, it is projected that rising government activities and the rising expenses associated with corrosion would increase demand for rust removers.

Using efficient substitutes for traditional rust removal techniques like abrasives, blasting, and others, such as chemical rust removal, is predicted to boost revenue growth in the worldwide rust remover sector. The market is driven by rising consumer awareness of rust-related problems and the necessity for preventative measures.

Over the forecast period, the use of materials like composites and fibers in a range of end-use sectors to increase corrosion resistance impede market growth. The expanding use of laser and ultrasonic technologies for rust removal is anticipated to restrain market revenue growth.

Connect with Our Sales Team Now to Explore the In-Depth Insights in This Report and Drive Your Business Forward.

Key Takeaways

By 2033, the rust remover market in the United Kingdom is likely to expand, with a CAGR of 2.3%.
In 2023, the United States is expected to develop the rust remover business with a share of 18.4%.
The rust remover market grew considerably to US$ 531.6 million in 2022.
The rust remover industry expanded at a CAGR of 4.1% from 2018 to 2022.
By 2033, the rust remover market in China is projected to have a CAGR of 29.5%.
By 2033, India’s rust remover industry is projected to expand with a CAGR of 5.9%.
Japan’s rust remover sector is likely to grow significantly, with a 4.3% share in 2023.
Australia’s rust remover is expected to develop with a share of 1.9% in 2023.
Germany’s rust remover business is expected to grow, with a share of 7.3% in 2023.
In 2023, based on product type, the acid rust remover segment is expected to dominate the market, with a share of 65.0%.
In 2023, the construction and infrastructure segment is expected to dominate the market, with a share of 18%, based on end-use.

Competitors’ Successful Techniques

Several businesses are working to produce bio-based solutions to find new sources of revenue in the rust remover sector. Several established firms have benefited from the diverse range of needs in the construction sector. Modern corrosion removal methods that can eliminate flash corrosion and prevent re-tarnishing in various settings define novel goods created by a select few players.

Using renewable technology, Cortec Company created EcoAir 422 Rust Remover in March 2021, an eco-friendly corrosion prevention product. The item is packaged in an air-powered spray can, is biodegradable, and has 92% content that is USDA certified as biobased. It is non-flammable and eliminates rust and stains without polluting.

Key Players

Reckitt Benckiser Group
Jelmar LLC
The 3M Company
The Sherwin-Williams Company
Corrosion Technologies, LLC
Chempace Corporation
Fuchs Petrolub SE
Henkel Adhesives
Quaker Chemical Corporation
PPG Industries, Inc.

Unlock Comprehensive Insights by Reading the Full Report Now!

Key Segmentation of Rust Remover Market

By Product Type:

Acid Rust Removers
Neutral Rust Removers
Alkaline Rust Removers

By End-Use Industry:

Automotive
Aviation and Aerospace
Oil and Gas/Petrochemical
Marine
Construction & Infrastructure
Metal Machining
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us: