Market Research Blog – Page 1539 – New Product Development

Display Controllers Market Set to Surge: Projected to Reach $70.96 Billion by 2033 with a 9% CAGR – FMI

In 2022, the market for display controllers generated US$27,500 million in sales. The market for display controllers is anticipated to grow at a CAGR of 9% from 2023 to 2033, reaching US$ 70,961 million.

Nearly 6.0% of the world’s display market is made up of display controllers. Due to the ongoing advancements in display technology, the market for display controllers is expected to grow even faster.

The market for display controllers is expanding as a result of things like:

controller usage is expanding in consumer electronics.
advancement of technologies across all industries.
expanding uses for video walls and digital signage.
The tendency towards digitalization is growing.
the expanding market for mobile computing devices with cutting-edge displays and widespread use of LEDs in the medical industry.

Request a Sample of this Report:

A growing consumer preference for content delivery in video format is one of the prominent factors boosting demand in the display controller market. According to the report, manufacturers of display controllers are beefing up product offering leveraging technological advancements to provide increased video efficiency to customers.

“Increasing demand for state-of-the art in-vehicle display systems is pushing the sales of technologically advanced display controllers. For instance, Socionext’s APIX3 technology, in line with efforts to enable 4K resolution and deep color processing, is expected to cater to the increasing demand for high speed video and data connectivity up to 12 Gbps. Apart from that, considering the stringent regulation governing the automotive landscape, the new display controller is also said to have built-in multi window signature unit and multi-level CRC checks. At Future Market Insights, we anticipate, increased deployment of technologically advanced display controllers in automotive industry, in the coming years”, Senior Consultant

Key Growth Drivers Pushing Revenue in the Global Display Controllers Market, include,

Increasing deployment opportunities in automotive and healthcare industries. Manufacturers are focusing on delivering improved user experience along with ease-in-operations, specifically in healthcare and automotive industries. Whether it is in-car displays in the form of navigation and infotainment systems, head-up displays, and center displays or displays meant for operation purposes including X-Ray visualization display, automotive and healthcare applications of display controllers is expected to contribute towards revenue growth of the global market for display controllers.

Growing demand for smart electronic devices, specifically in developed regions including North America—in the form of smart phones, smart home applications having advanced security functionalities to cater to the growing needs of consumers, is a another key factor driving the display controllers landscape.

Take the Next Step: Buy Our Exclusive Report for Informed Decisions

The global display controllers market showcases a highly competitive landscape, with strategic acquisitions to enter new markets and new product launches being the core forward market strategies adopted by the manufacturers of display controllers. Considering the competition in a fragmented display controllers market, key manufacturers including Fujitsu Limited, Toshiba Corporation, Samsung Electronics Co., Ltd, LG Display Co., Renesas Electronics Corporation, Novatek Microelectronics Corporation, and Digital View Inc. among others are solidifying their market positions by developing new technologies and expanding their product portfolio.

Increasing adoption in smart watches and other wearable products is anticipated to drive the display controllers’ sales revenue. For instance, Epson Corporation, starting February 2018, shipped samples of its new memory display controller, meant for feature-rich wearable products such as smart watches, having low-power memory display. With capabilities to connect to a variety of microcontrollers, memory display controller boasts of three types of built-in host interfaces.

Key Insights Drawn from Segmentation Analysis of Global Display Controllers Market

In terms of product type, multi-display controllers are anticipated to hold the largest market share; the segment expanding at 8.3% CAGR through 2027. Increasing deployment of multi-display controllers in video walls used at conferences and events is anticipated to create potential revenue opportunities for the manufacturers.
North America is anticipated to remain the highest revenue generator, expanding at a robust CAGR of 8.6% throughout the forecast period. Novel innovations by key consumer electronics manufacturers is a major factor boosting display controllers sales in the region.

Request for Customization

Display Controllers Market Outlook by Category By Type:

LCD Display Controllers
Touchscreen Display Controllers
Multi-Display Controllers
Smart Display Controllers
Digital Display Controllers

By Application:

Medical Equipment
Industrial Control
Automotive
Mobile Communication Devices
Entertainment & Gaming
Others

By Region:

North America
Latin America
Europe
APEJ
Japan
Middle East and 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. 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:

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

Flatback Tape Market Set to Reach USD 2.0 Billion by 2034: Projected 5.5% CAGR Driven by Digitalization, Elastic Tapes, and Online Grocery Growth

The global flatback tape market is set for substantial growth, with projections indicating it will reach a value of USD 2.0 billion by 2034. The market, currently valued at USD 1.2 billion in 2024, is anticipated to grow at a compound annual growth rate (CAGR) of 5.5% over the next decade.

This surge is driven by advancements in supply chain digitalization, the rising popularity of elastic and stretchable tapes, and the boom in online grocery shopping.

Key Pointers in the Flatback Tape Industry

Market Size in 2024: The flatback tape market is valued at US$ 1.2 billion in 2024.
Future Market Size in 2034: By 2034, the market is anticipated to grow to US$ 2.0 billion.
Growth Rate (CAGR): The flatback tape market is estimated to increase at a compound annual growth rate (CAGR) of 5.5% from 2024 through 2034.
Leading Adhesive Type: Rubber adhesives are witnessing high demand and are the leading adhesive type in the flatback tape market.
Market Growth in India: The flatback tape market in India is predicted to rise at a notable CAGR of 7.6% through 2034, indicating strong market potential in the region.
Market Expansion: The market’s significant growth from US$ 1.2 billion in 2024 to US$ 2.0 billion in 2034 reflects expanding applications and increasing demand.
Adhesive Demand Dynamics: The high demand for rubber adhesives underscores their critical role in the market, driven by their performance characteristics and versatility in various applications.

E-commerce Boom Fuels Market Growth

The surge in online grocery shopping is a significant driver of the flatback tape market. As consumer behavior shifts towards online grocery purchases, the demand for packaging materials like flatback paper tapes rises.

These tapes offer vital protection for perishable foods during transport and storage, ensuring freshness and quality upon delivery. Strong adhesive properties, moisture resistance, and temperature resistance are crucial features for effective food packaging.

Key Market Highlights:

Surging Supply Chain Digitalization Presents Opportunities: The adoption of digital technologies such as blockchain and digital platforms is transforming supply chains by enhancing transparency and traceability. Businesses offering flatback tapes with integrated digital tracking features are positioned as progressive partners for customers seeking streamlined logistics solutions. This digitalization not only meets the rising demand for data-driven decision-making but also provides a competitive edge in sectors where traceability and transparency are critical.
Increased Demand for Elastic and Stretchable Tapes: The market is witnessing a growing demand for stretchable and elastic flatback tapes, driven by the need for environmentally friendly packaging solutions. These tapes, known for their strength and flexibility, allow companies to adapt to varying package sizes without compromising security. This trend aligns with the industry’s focus on resource efficiency and waste minimization, showcasing a commitment to sustainable operations.
Rise in Online Grocery Shopping Fuels Sales: The shift towards online grocery shopping, driven by convenience and changing lifestyle preferences, is significantly impacting the flatback tape market. The demand for strong adhesive, moisture-resistant, and temperature-resistant packaging tapes is rising to ensure the protection of perishable foods during transportation and storage. As online grocery shopping continues to grow, businesses must invest in suitable packaging solutions to capitalize on this expanding market segment.

Market Trends:

Temperature-Responsive Packaging Adhesives: Industries with stringent temperature control requirements, such as food logistics and pharmaceuticals, are increasingly using packaging adhesive tapes that respond to temperature changes.
Modular Flatback Tape Solutions: To meet consumer demand for flexible packaging, modular flatback tape solutions that allow for easy reconfiguration and customization are being introduced.
Eco-Friendly Industrial Paper Tapes: The emphasis on environmental sustainability is driving the development of industrial paper tapes made from environmentally friendly materials, such as plant-based or biodegradable adhesives.
On-Demand Customization Services: The growing need for personalized packaging is being addressed by offering on-demand flatback tape printing and customization services.
Enhanced Supply Chain Visibility: Integrating remote monitoring and tracking capabilities, including GPS tracking or cloud-based data logging, with flatback tapes improves supply chain visibility.

Opportunities:

Designing for Harsh Environments: There is a strategic advantage in developing flatback tapes tailored for harsh environments, such as those in the oil and gas or aerospace sectors.
Leveraging 3D Printing Technology: Using 3D printing technology to rapidly prototype new flatback tape designs can accelerate product development and foster innovation.
Strategic Partnerships with Package Designers: Collaborating with package designers offers the opportunity to create innovative and visually appealing flatback tape designs that enhance product value and competitiveness.
Advancements in Adhesives and Smart Packaging Technologies: Continuous evolution in adhesives, materials, and smart packaging technologies provides opportunities to enhance product performance, security, and features.
Eco-Friendly Flatback Tapes: Developing eco-friendly flatback tapes aligns with the growing consumer awareness and demand for sustainable packaging solutions, addressing environmental concerns and driving market growth.

The Giant Players are:

3M Company
Intertape Polymer Group Inc.
Shurtape Technologies LLC
tesa SE Group
Scapa Group plc.
Pro Tapes & Specialties, Inc.
Nitto Denko Corp
Canadian Technical Tape Ltd.
others

Enquire Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: www.futuremarketinsights.com/checkout/2789

Flatback Tapes Market By Category

By Adhesive:

Acrylic Flatback Tapes
Silicon Flatback Tapes
Rubber Flatback Tapes
Others Flatback Tapes

By Product:

Single Side Flatback Tapes
Double Side Flatback Tapes

By Application:

Splicing
Packaging
Masking
Tabbing

By Thickness:

< 10 Mil
10 Mil to 15 Mil
> 15 Mil

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:

Octabin Market Projected to Grow to USD 378.8 Million by 2034: 2.5% CAGR Driven by Sustainable Packaging Trends and Expanding eCommerce

In 2024, the global octabin market is valued at USD 364.2 million and is anticipated to grow at a steady CAGR of 2.5% from 2024 to 2034, reaching USD 378.8 million by the end of the forecast period. Octabins, known for their versatility in bulk packing, cost-effectiveness, durability, and adaptability, are increasingly preferred in various industries, particularly in the food sector.

The primary driver for the octabin market is its suitability for sustainable logistical solutions. Octabins are extensively used for transporting and storing fresh vegetables, fruits, ingredients, and other dry goods due to their robustness and eco-friendly nature. With consumers globally shifting towards eco-conscious choices, industries are increasingly adopting sustainable packaging solutions, boosting the demand for octabins.

“The demand for octabins is growing steadily as businesses prioritize sustainable packaging options,” noted a spokesperson from Future Market Insights. “The food industry, in particular, finds octabins ideal for ensuring product freshness and minimizing environmental impact.”

Furthermore, the expansion of eCommerce and online deliveries is expected to propel market growth in developing regions. Octabins play a crucial role in the efficient transportation of goods purchased online, catering to the rising demand for convenient and sustainable packaging solutions.

Octabins: Ideal Solution for Sustainable Logistical Solutions

Octabins have emerged as the perfect solution for sustainable logistical needs, driving their increasing demand across various industries. These innovative packaging solutions offer several qualities, including bulk packing, cost-effectiveness, durability, and adaptability, making them ideal for the transportation and storage of a wide range of goods, from fresh produce to dry ingredients.

Expanding Opportunities in Developing Regions

The ongoing expansion of eCommerce and online delivery services is particularly notable in developing regions. This trend is anticipated to drive the demand for octabins, as businesses seek cost-effective and sustainable packaging solutions to support the increasing volume of product transportation.

Key Pointers on the Octabin Market

Market Size in 2024 : The Octabin market is projected to be valued at US$ 364.2 million in 2024.
Market Size in 2034 : By 2034, the market is expected to grow to US$ 378.8 million.
Growth Rate (Global) : The global Octabin market is anticipated to expand at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2034.
Performance in China : The Octabin market in China is expected to grow at a robust CAGR of 5.2% over the same period, indicating significant market potential in the region.
Market Segments : The Octabin market is segmented by materials and laser type, allowing for targeted marketing and product development strategies.
Top Manufacturers : Key manufacturers in the Octabin market include Quadwall, Europac, IBC International, DS Smith, Rondo Ganahl AG, International Paper, Mondi Group, and Smurfit Kappa.
Market Progress in the United Kingdom : The United Kingdom’s Octabin market is projected to grow at a CAGR of 2.7% from 2024 to 2034, reflecting steady market expansion in this region.

October Market in the US: Growing Green with New Players

The US octabin market is on a steady rise, projected to grow at 2.9% by 2034. This eco-friendly and cost-effective option is gaining traction, replacing heavy-duty packaging. New players are entering the scene, pushing innovation and competition, leading to improved octabins.

Across the pond, the UK market shows similar promise with a 2.7% growth forecast. Their booming agricultural sector, with its focus on crop quality preservation, is a major driver. The UK’s emphasis on sustainability further fuels demand for these reusable octabins.

Key Companies Profiled

Quadwall
Europac
IBC International
DS Smith
Rondo Ganahl AG
International Paper
Mondi Group
Smurfitt Kappa.

Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/3674

Market Segmentation

By Product Type:

Standard octabins
Base discharge octabins
Self-assembly octabins
Telescopic octabins
Free flow base octabins

By End Use:

Food industry
Consumer Goods
Chemical industry
Others

By Capacity:

Standard
Customized

By Region:

North America
Europe
Latin America
Asia Pacific excluding Japan (APEJ)
Japan
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:

Paper Napkin Making Machine Market Set for Gradual Expansion: Increasing Environmental Awareness and Hospitality Sector Demand Drive Market Growth

The global paper napkin making machine market is set to experience steady growth, with market size projected to increase from USD 136.7 million in 2023 to USD 187.4 million by 2033. This growth, occurring at a modest CAGR of 3.2% over the forecast period, is underpinned by a variety of factors including the global shift towards eco-friendly products, advancements in automation, and the thriving hospitality sector.

Demand Drivers:

Eco-Friendly Shift: Increasing environmental consciousness is spurring demand for paper napkins as an alternative to less sustainable options, thereby boosting the need for efficient napkin making machines.
Hygiene Emphasis: The heightened focus on hygiene, particularly post-pandemic, is driving the demand for paper napkins across sectors like hospitality and healthcare, leading to increased investment in production machinery.
Customization & Creativity: Consumer interest in customized and creatively designed napkins is pushing manufacturers to adopt machines capable of producing diverse and innovative designs.
Economic Viability: Favorable government regulations and the economic feasibility of paper napkin production are further fueling market growth, particularly for cost-effective and efficient machines.

Key Market Trends:

Automation Integration: The industry is increasingly embracing automation, which enhances production efficiency, reduces operational costs, and meets the growing demand for high-volume output.
Sustainable Materials Focus: There is a marked shift towards using eco-friendly materials in paper napkin production, driven by both regulatory requirements and consumer preferences for sustainable products.
Smart Manufacturing Technologies: The integration of smart technologies, such as IoT-enabled machines, is gaining traction, allowing manufacturers to monitor and optimize production processes in real time.
Customization and Personalization: Advanced technologies are enabling manufacturers to offer customized and personalized paper napkin products, catering to diverse consumer demands.
Compact & Portable Machines: The rise of compact and portable machines is providing flexibility for small-scale businesses and startups, making napkin production more accessible and adaptable.
Energy-Efficient Solutions: Industry players are investing in energy-efficient machines, driven by the dual goals of cost savings and reducing environmental impact.

Key Takeaways:

Eco-friendly paper napkins to spur market growth over the assessment period.
The U.S. will account for 85% of the market share in North America.
China is expected to generate US$ 11Mn market opportunity.
The 201-400/Hour segment and 401-600/Hour capacity segment will lead the market growth.
On the basis of system, the integrated segment will continue to dominate the target market.

The most important segment and region pertaining to the paper napkin making machine market is also given in the executive summary. In the introduction part, the paper napkin making machines are defined clearly so that the report audiences are clear about the scope of this market and the introduction to the paper napkin making machine and their applications are given. The introduction part also contains the market taxonomy of the global paper napkin making machine market.

Besides, the introduction part also contains the global paper napkin making machine market dynamics which consist of the various drivers, restraints and trends operating the in this market. In addition to this, the introduction part also contains the supply chain analysis, cost structure analysis, pricing analysis and raw material sourcing strategy and analysis to give a 360 degree view of the global paper napkin making machine market. At the end of the introduction part, a list of distributors and key participants market presence (Intensity Map) by region is also given.

Automatic Paper Napkin Making Machines to Gain Momentum

Next-generation paper napkin making machines are gaining increased traction in the paper napkin making machines market, driven by recent developments in the paper napkin industry. Proliferation in demand for paper napkins across various industrial verticals has been compelling manufacturers to focus on the development of more efficient paper napkin making machines, which hold potential in bolstering the industry’s productivity.

Competition Landscape

The last part of the report consists of the competition landscape, where leading market players operating in the global paper napkin making machine market are profiled individually. This information is in the form of company overview, product overview, key financials and key developments pertaining to that particular company. The competition landscape section also contains the SWOT analysis of the featured companies, which gives the report audiences information about the strengths, weaknesses, opportunities and the threats that the leading companies operating in the global paper napkin making machine market are facing.

Research Methodology

Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the paper napkin making machine market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period.

The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global paper napkin making machine market.??

Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/6389

Market Taxonomy

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Production Capacity

100-200/Hour
200-400/Hour
400-600/Hour
600-800/Hour

System Type

Integrated
Standalone

Operation

Automatic
Semi-Automatic

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:

Demand Surge in Key Industries Drives Industrial Pail Market: Expected Expansion to USD 1.8 Billion by 2034 Despite Sluggish Growth Rate

Future Market Insights (FMI), a leading provider of market intelligence and consulting services, has released a comprehensive analysis of the industrial pail market, forecasting a moderate Compound Annual Growth Rate (CAGR) of 1.90% from 2024 to 2034. The market is anticipated to grow from USD 1.7 billion in 2024 to approximately USD 1.8 billion by 2034, driven by increasing demands across diverse industries.

The industrial pail market is witnessing increased demand driven by various industries, including chemicals, paints, medicine, and food processing. As these sectors prioritize efficient and reliable packaging solutions to meet evolving consumer demands and regulatory requirements, the market is poised for steady growth.

Key Market Dynamics:

Medicine and Pharmaceuticals Sector Surge: The pharmaceutical industry is a primary driver of the industrial pail market, experiencing heightened demand for secure and efficient packaging solutions. Industrial pails play a crucial role in transporting medicines safely, meeting stringent regulatory requirements, and supporting the growing trend of eCommerce sales in the pharmaceutical sector.
Robust Packaging Solutions for Chemical Industry: Chemical manufacturers rely on industrial pails for packaging various liquid products due to their durability and leakage prevention capabilities. Advancements in technology have led to the development of lightweight yet sturdy pails, offering enhanced efficiency without compromising on strength, which is critical for the chemical industry.
Diverse Industrial Applications: Industrial pails find extensive use across industries such as agriculture, food and beverage, oil and lubricants, and construction. These containers are essential for the safe storage and transportation of bulk liquids and solids, highlighting their role in ensuring efficient handling and storage practices across multiple sectors.
Challenges in Market Expansion: Despite the growth prospects, the industrial pail market faces challenges such as fluctuating raw material costs, high maintenance expenses, initial investment requirements, and stringent regulatory frameworks related to usage and recycling. These factors are expected to temper market growth throughout the forecast period.

Industrial Pails: The Perfect Fit for Bulk Packaging

Industrial pails are a versatile choice for packaging both liquids and granulated/powdered products. Their ability to securely transport large quantities of goods makes them ideal for manufacturers, exporters, and logistics companies seeking to prevent damage and minimize product waste. Spill-proof packaging is another crucial factor driving the demand for industrial pails.

Germany: Poised for Industrial Paint Exports

Germany is predicted to hold approximately 20% of the European industrial pails market share by the end of the forecast period. This growth is attributed to the nation’s thriving paint export industry. According to the Association of the German Coatings and Printing Inks Industry, Germany supplied 352,000 tons of paint valued at €2.1 billion in 2021, catering to various sectors like car repair, mechanical engineering, and furniture.

Competition Tracking

SCHÜTZ GmbH & Co.,
Grief Inc.,
Mauser Group B.V.,
Orora Packaging Australia Pty Ltd,
Balmer Lawrie & Co. Ltd,
Industrial Container Services,
Delta Containers Direct Limited,
FDL Packaging Group,
Fibrestar Drums Ltd and
Sonoco

Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/6387

Market segmentation

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Material Type

High Density Polyethylene
Low Density Polyethylene
Polypropylene
Steel
Aluminium
Tin
Other Materials

Capacity

1 Gal
3 Gal
4 Gal
6 Gal
9 Gal
10 Gal
12 Gal

End User

Agriculture
Chemical
Pharmaceuticals
Food & Beverage
Petrochemical
Building & Construction
Plastic & Rubber
Automotive
Mining & Metals

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:

Metal Can Market Poised for Steady Growth: Projected to Reach USD 49.3 Billion by 2034 with 2% CAGR Amid Rising Environmental Awareness and Innovation

The global metal can market is poised for steady growth, with a projected expansion from USD 40.4 billion in 2024 to USD 49.3 billion by 2034, representing a compound annual growth rate (CAGR) of 2%. Key trends and highlights from the metal cans market report underscore the increasing popularity of metal cans packaging driven by social, economic, and environmental concerns, as well as growing consumer awareness about non-carcinogenic packaging elements.

Core Concepts in the Metal Can Industry

Market Size in 2024: The metal can industry is estimated to account for US$ 40.4 billion in 2024.
Growth Rate: The industry is projected to register a CAGR of 2% throughout the forecast period.
Expected Value by 2034: By 2034, the metal can industry is forecast to be worth US$ 49.3 billion.
Significant Product Type: F-style steel cans are expected to acquire a considerable value share in the market.
Growth Opportunities: India is projected to find significant growth prospects in the metal can industry.
Leading Companies: Key players include Berlin Packaging Company, Crown Holdings, Inc., and SKS Bottle & Packaging, Inc.

Key Highlights from the Metal Can Market Report:

Shift Towards Sustainable Packaging: The metal can market is witnessing a rapid shift towards sustainable packaging solutions, with suppliers increasingly using aluminum to develop cans on a large scale. This trend is driven by growing environmental consciousness among consumers.
Growing Demand for RTE Foods and Beverages: Surging global demand for ready-to-eat (RTE) foods and beverages, particularly alcoholic and non-alcoholic drinks, is driving new uses of metal cans. Additionally, the increasing desire for packaged food in developing countries is further boosting the use of metal packaging like cans.
Product Diversification and Innovations: Manufacturers are focusing on product diversification and innovations to meet evolving consumer preferences and sustainability requirements. Investments in research and development activities are expected to accelerate improvements in metal can offerings.

Key Highlights from the Metal Can Market Report:

Rising Popularity and Demand: Metal cans are gaining wider popularity due to increasing social, economic, and environmental concerns, alongside growing environmental consciousness among consumers.
Shift Towards Aluminum: Packaging suppliers are increasingly adopting aluminum for large-scale production of cans, driven by its recyclability and sustainability benefits.
Consumer Preference for Non-Carcinogenic Packaging: Growing consumer awareness about the safety of packaging materials is boosting the sales of metal cans, which are considered non-carcinogenic.
Emerging Uses: The global demand for ready-to-eat (RTE) foods and beverages, including alcoholic and non-alcoholic drinks, is expanding the applications of metal cans. Developing countries are witnessing increased adoption of metal packaging for packaged food products.
Diverse Applications: Metal cans are extensively used for packaging food, cosmetics, paint, beverages, and other products. Regional variations include oil packaging in Asia Pacific (excluding Japan) and non-food products like drugs, cosmetics, and industrial goods in the Middle East.
Future Outlook: Investments in technological advancements and growing demand for environmentally sustainable packaging solutions are driving innovation in metal cans. Manufacturers are focusing on developing packaging materials that align with consumer preferences for health and sustainability.

Competitor Landscape

The entry of new players in the market among personal care and food and beverage products is expected to intensify the competition in the years to come. Moreover, the present and new players’ focus of innovative packaging is likely to be a lucrative strategy to capitalize on. The companies operating in the market are

Rexam PLC,
Silgan Containers LLC,
Independent Can Company,
Crown Holdings, Inc., and
SKS Bottle & Packaging, Inc., among others.

Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/6372

Market Segmentation

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Material Type

Aluminium
Steel
Tin

Fabrication Type

Two Piece Can
Three Piece Can

Application

Alcoholic Beverages
Non–Alcoholic Beverages (Aerated and Non-Aerated Beverages)
Processed Dairy Food Products
Other Processed Food Products
Edible Oil
Medicinal Tablets and Syrups
Personal Care and Cosmetic Products
Industrial Chemicals

End User

Food & Beverages
Pharmaceutical Industry
Consumers Goods
Chemical

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:

Global Chopper Pumps Market on an Upward Trajectory, Projected to Reach USD 1,429 Million by 2033, with an 5.2% CAGR

The Chopper Pump Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Chopper Pump market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Chopper Pump. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The global chopper pump market is poised for remarkable growth, with 2022 witnessing an estimated value of USD 818.4 million. This figure is set to skyrocket in the coming decade, with experts predicting an astounding surge to USD 1,429 million by 2033. Such exponential growth, marking a compelling CAGR of 5.2% from 2023 to 2033, underscores the undeniable potential of the chopper pump industry.

Driving Factors Accelerating Market Expansion

The undeniable surge in demand for chopper pumps is primarily attributed to their burgeoning applications, notably in the dynamic field of agriculture. The agricultural sector is experiencing a transformative shift, demanding innovative solutions to meet the evolving needs of sustainable farming practices. Chopper pumps have emerged as a key enabler, catering to this evolving landscape with unrivaled efficiency and performance.

Explore The Research Report https://www.futuremarketinsights.com/reports/chopper-pumps-market

Several key factors are propelling the global chopper pump market towards unprecedented heights:

Agro-Technological Advancements: Technological advancements in agriculture have created a demand for equipment that can efficiently handle agricultural waste, slurry, and effluents. Chopper pumps, with their ability to macerate and homogenize a variety of materials, have become indispensable in modern farming practices.
Environmental Concerns: Growing environmental concerns and stringent regulations have underscored the importance of waste management and resource optimization. Chopper pumps contribute significantly to minimizing environmental impact by efficiently processing waste materials, thus aligning perfectly with sustainable practices.
Increasing Urbanization: The global trend of urbanization has led to a greater focus on efficient wastewater management. Chopper pumps play a pivotal role in this domain by reducing clogs and blockages in sewage systems, ensuring smooth and uninterrupted wastewater flow.
Industrial Applications: Chopper pumps are also finding extensive use in industrial sectors such as mining, pulp and paper, and food processing. Their ability to handle abrasive and corrosive materials makes them an indispensable asset in various industrial processes.
Maintenance Efficiency: The ease of maintenance and durability of chopper pumps further adds to their appeal, as businesses seek cost-effective and reliable solutions to enhance operational efficiency.

Challenges and Restraints

While the global chopper pump market is on a robust growth trajectory, certain challenges and restraints must be acknowledged:

High Initial Investment: The acquisition cost of chopper pumps can be relatively high, which may deter some potential buyers. However, it’s essential to recognize that the long-term benefits and operational savings outweigh the initial investment.
Market Fragmentation: The chopper pump market is characterized by the presence of numerous players, leading to intense competition. This competition can sometimes lead to price wars, impacting profit margins.
Technological Advancements: Rapid advancements in technology require manufacturers to stay ahead of the curve in terms of innovation. This necessitates ongoing investments in research and development.
Regulatory Compliance: Meeting evolving environmental and safety regulations can be challenging for manufacturers. Staying compliant while maintaining cost-effectiveness is a delicate balance.

Key Takeaways:

Diverse Applications: Chopper pumps are finding expanded applications across various industries, driving market growth.
Industrialization and Urbanization: The ongoing trends of industrialization and urbanization are contributing to rising demand for chopper pumps, particularly in handling wastewater and industrial processes.
Wastewater Treatment: Increasing wastewater treatment initiatives are fueling market growth as chopper pumps play a vital role in optimizing sewage and effluent processing.
Technological Advancements: Ongoing technological advancements are opening up new opportunities for chopper pump manufacturers, making them more efficient and versatile for a wider range of applications.

Competitive Landscape

In the highly dynamic chopper pump manufacturing sector, companies are vigorously pursuing strategies such as product innovation and strategic partnerships to broaden their product portfolios and cater to the global demand from end-users.

The chopper pumps market exhibits fragmentation, with key players including Xylem, Sulzer, Cornell, Eddy Pump, Vaughan, and Landia A/S, collectively accounting for a 25% market share. These industry leaders prioritize innovation and the reduction of capital investments and maintenance costs as focal points to maintain their competitive edge.

Key Players:

Vaughan Company
Crane Pumps & Systems
CRI-MAN S.p.A.
CORNELL PUMP COMPANY
EDDY Pump
Landia a/s
Selwood Limited

Looking to Purchase this Report? Contact Sales for Dedicated Support: https://www.futuremarketinsights.com/checkout/11722

Recent Market Developments

In June 2020, Landia, a Danish-based pump manufacturer, showcased its innovative prowess by introducing a long-shaft chopper pump designed for a biogas plant located in Ireland. Remarkably, this long-shaft chopper pump measures nearly 7 meters in length and is destined for a 5-meter slurry pit, where it will play a pivotal role in blending cow slurry with various raw materials before efficiently transferring it to another tank. The resulting mixture will serve as essential farm feedstock. Notably, the long-shaft configuration ensures seamless and cost-effective pumping, exemplifying Landia’s commitment to delivering efficient solutions to its clientele.

Key Segments of Chopper Pumps Industry Survey

Chopper Pumps Market by Product:

Submersible
Cantilever
Vertical Dry Pit
Self-priming
End Suction
Vertical Wet Well

Chopper Pumps Market by Outlet Diameter:

Up to 50 mm
50 – 100 mm
100 – 150 mm
Above 150 mm

Chopper Pumps Market by Application:

Agriculture
Municipal
- Water Treatment
- Sewage Treatment
Automotive
Steel
Chemicals & Petrochemicals
Food Processing
Mining
Paper & Pulp

Chopper Pumps Market by Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Agricultural Equipment Market to Surge with a 4.2% CAGR, Reaching Approximately USD 171.4 Million by 2033

The agricultural equipment market is forecast to experience a growth of 4.2% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 171.4 million in 2033.

The agriculture industry is expanding fast in the upcoming years, driven by the surging global population, which is expected to keep the demand for food high. As a result, agricultural manufacturers and farmers are selecting the Internet of Things (IoT) for improved yield from agriculture, propelling the worldwide economy.

The United States Organization reported that the world’s population is expected to attain 9.7 billion by 2050. Thus, global agricultural production is expected to expand by about 69% from 2010 to 2050.

Get Exclusive Sample Copy of the Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-523

The market is further catalyzed by the shortage of human workforce and surging expenses on the maintenance of cattle on job sites in several countries. This has motivated customers to take advantage of modernized equipment in farming applications.

Farmers have commenced installing high-tech agricultural and farming technologies to boost efficiency and productivity in their fields. For example, several farmland operators have begun using equipment outfitted with sensors that catch topography data via maps of resources and attaining soil nutrient measuring variables like the temperature of the acidity and soil. This feature of Industry 4.0 assists farmers in decoding the crop yield and overall farm productivity by farming the right crop appropriate with weather and soil nutrients.

Top Highlights from the FMI’s Analysis of the Agricultural Equipment Market:

The United States agricultural equipment industry is expected to devote 26.3% to the global market in 2023. The growth rate of agricultural equipment businesses is expected to move upward due to the large volume of farming in the country. This propels farmers to seek equipment to expedite the farming process.
German market is always a step ahead in innovation. Research and development efforts and government support for agricultural activities are expected to fuel the country’s growth. In 2023, FMI estimates that the German market is projected to gain 11.2% value share.
Japan is expected to acquire a 7.5% market share in 2023. One of the striking features of Japan’s farmland is its scarcity, which is a by-product of its unique geology and geography. As a result, Japanese farmers require advanced agricultural equipment. Recently, a trend toward automated operation has been pushing the sales of smart farm equipment.
Australia is expected to gain a 2.4% market share in 2023, suggesting manufacturers’ growing interest in exploring the country’s budding market.
In the Asia Pacific region, China is assessed to register a CAGR of 4.2%, while India is expected to expand at a 4.1% CAGR.
FMI speculates that the United Kingdom is anticipated to record a CAGR of 4% over the estimated period.
Under the tempering technology category, the chemical treatment segment is expected to hold 45.2% in 2023.
Based on end use, the solar application segment is projected to gain 18.8% market share in 2023.

Key Developments in the Market

Yanmar America, a leading provider of compact and subcompact tractors, joined forces with Tarter Farm and Ranch Equipment in April 2023. This synergy aims to widen the scope of products by coupling it with an extensive range of high-quality tractor implements.
Earlier in 2023, a Tennessee Dept of Agriculture representative introduced a tax waiver program for farm machinery to boost the accessibility of affordable and mechanized equipment for farmers.
John Deere came into a joint venture with SurePointAg Systems manufacturer in March 2022. The latter company is expected to have access to Deere technologies to boost productivity throughout its product range.
John Deere launched a new machinery, 6155MH Tractor, in August 2021. This product is expected to deliver all the field-proven reliability and performance of other M Series.
New Holland Agriculture partnered strategically with the Agricultural Division of Alamo Group in April 2021. The latter company provides attachments and implements compatible with New Holland’s mid-range and compact tractors lineup.

Buy this Exclusive Report:
https://www.futuremarketinsights.com/checkout/523

Key Companies

Bucher Industries AG
AGCO Corp.
Deere & Company
EXEL Industries
CLAAS KGaA mbH
ISEKI & CO. LTD.
CNH Industrial N.V.
Krone UK Group
Kubota Corporation
LEMKEN GmbH & Co. KG
Mahindra & Mahindra Ltd.
Mitsubishi Mahindra Agricultural Machinery Co. Ltd
SDF S.p.A.
Tractor and Farm Equipment Limited (TAFE)

Key Segments

By Product Type:

Tractors
Rotavators
- Wheel Type
- Crawler Type
Threshers & Dehuskers
- Wheel Type
- Crawler Type
Power Tillers
- Wheel Type
- Crawler Type
Power Weeder
- Wheel Type
- Crawler Type
Plough
Baler
Seed Drill

By Category:

Tractor Pulled / Attachment
Self-Propelled

By Ownership:

Individual
Rental

By Region:

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

About Future Market Insights (FMI)

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 Condition Monitoring Service Market to Reach US$ 9.7 Billion by 2033 with a 9.8% CAGR Growth

The global demand for condition monitoring services is projected to surpass the valuation of US$ 9.7 Billion by 2033 end. As suggested by a new Future Market Insights (FMI) report, substantial growth in the condition monitoring service market is mainly backed by the growth of the power generation industry, which holds a prominent share of the overall market value, closely followed by the chemical and petrochemical industries.

Increasing urbanization and rapid industrialization are creating massive opportunities for key market players in the automotive & transportation industry, thereby bolstering the adoption of condition-monitoring services in the global market. On the flip side, the current global coronavirus pandemic is expected to cost the global economy about US$ 1 Tn in 2022, as per the UN Conference on Trade and Development.

Explore The Research Report https://www.futuremarketinsights.com/reports/condition-monitoring-service-market

The automotive, logistics, and petrochemical industries, in particular, are well within the radar of the potential impact of the virus. Several business executives have halted their manufacturing operations, given the large-scale lockdowns in the majority of countries. As the COVID-19 pandemic spreads, condition monitoring services will see a notable decline in their adoption.

Key Takeaways of Condition Monitoring Service Market Study

According to our research, the portable machine diagnostic segment is shaping the revenue pool of the condition monitoring service market as the portable equipment is used to analyze data from the sensors, saving time of operation.
In the current scenario, integration of condition monitoring software with computerized maintenance management services & process control software is an emerging trend in the global condition monitoring service market.
North America is a prominent market for condition monitoring services and is expected to continue its hegemony, owing to its strong industrial growth and high adoption of the services in the region.
In the global condition monitoring service market, over 55% of the revenue comes through vibration analysis and oil analysis segments. Rising focus on maintenance in order to minimize asset downtime is fueling the deployment of both techniques.

Competition Landscape Analysis

The global condition monitoring service market is slightly competitive, with the presence of a moderate number of local and global manufacturers. Key manufacturers such as SKF, Fuji Electric, Siemens AG, ABB, Honeywell International Inc., Meggit PLC, General Electric, and Parker Hannifin Corp. account for nearly half of the share of the overall market. Manufacturers are focusing on strengthening their product portfolio by launching advanced condition-monitoring services and collaborating with end users.

South Asia Represents Potential Growth Avenues

The demand for condition monitoring services is expected to gain traction in South Asia in the coming years, owing to increasing investments in power generation, and petrochemical industries. Governments in countries such as India, and Indonesia are encouraging private sector players to minimize the deficit in power in order to fulfill maximum power requirements. This, in turn, is underpinning the condition monitoring service market in the region

More About the Report

The research report analyzes the total sales of condition monitoring services on the basis of volume (units) and value (US$ Mn). The condition monitoring service market is projected on the basis of factors such global energy consumption, oil & gas industry outlook, wind energy installed capacity, hydropower installed capacity, and natural gas production and consumption in various regions. Also, the report includes a competition analysis section that includes tier structure analysis, market structure analysis, competition development, and other crucial information of condition monitoring service providers.

Explore In-Depth Market Analysis: Purchase Now to Access Segment-specific Details, Uncover Crucial Trends, Drivers, and Challenges
https://www.futuremarketinsights.com/checkout/11280

Condition Monitoring Service Market by Category

By Technique:

Vibration Analysis
Corrosion Monitoring
Infrared Thermography
Ultrasound Testing
Motor Condition Monitoring
Oil Analysis

By Operation:

Route Based Monitoring
Portable Machine Diagnostics
Online Machine Monitoring
Online Machine Protection
Factory Assurance Test

By End Use Industry:

Oil & Gas
Power Generation
Aerospace & Defense
Automotive & Transportation
Marine
Mining & Metal
Food & Beverage
Chemical & Petrochemical

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
META

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 is 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Woodworking CNC Tools Market Projected to Grow at 5.6% CAGR and Reach USD 3,335.4 million by 2033

The Woodworking CNC Tools Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Woodworking CNC Tools market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Woodworking CNC Tools. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Woodworking CNC Tools Market is experiencing substantial growth, driven by the robust expansion of the construction industry and the overall progress in the global economy. The increasing demand for high-quality furniture and the widespread adoption of advanced 3D design techniques have intensified the requirement for CNC 3D wood carving machines. Concurrently, the incorporation of CNC wood lathe machines has not only facilitated meeting the growing demand but has also effectively minimized the risk of human errors, resulting in a noteworthy reduction in overhead expenses.

As of the year 2022, the estimated value of the woodworking CNC tools market is approximately USD 1,823.3 million. Moreover, industry forecasts indicate a stable growth trajectory, with an anticipated annual growth rate of 5.6% from 2023 to 2033. By the conclusion of this forecast period, the market is poised to achieve a remarkable valuation of USD 3,335.4 million, according to the comprehensive Future Market Insights market report.

The heightened demand for sophisticated woodworking tools and equipment mirrors the concurrent expansion of the construction industry and broader economic advancements. The increasing preference for luxury furniture and the widespread adoption of 3D design methodologies have generated significant demand for CNC 3D wood carving machines. Furthermore, the adoption of CNC wood lathe machines not only improves operational efficiency but also reduces the occurrence of human errors, resulting in substantial reductions in overhead expenses.

Explore The Research Report https://www.futuremarketinsights.com/reports/woodworking-cnc-tools-market

The increased adoption of woodworking CNC equipment is primarily attributed to the escalating preference for automation within various industries. Market participants are strategically positioned to capitalize on promising prospects arising from the convergence of business information modeling and 3D wood carving technologies. However, it is crucial to acknowledge that the considerable upfront costs and ongoing maintenance expenses associated with CNC machinery, when juxtaposed with manually operated woodworking machines, are anticipated to present a potential impediment to the market’s expansion and development.

Furthermore, the market is likely to encounter challenges pertaining to concerns about costly errors that may arise from defective instructions that go undetected.

Key Takeaways from the Woodworking CNC Tools Market Study Report

The use of all types of CNC woodworking machines is rampant in the United States as it contributes 14.8% to the global market alone. The United States market is anticipated to grow through 2033 supported by an increase in the use of timber in the building sector.
Throughout the projection period, Germany is anticipated to have the commanding market share for woodworking CNC tools in Europe. This might be attributed to the country’s long-standing makers of CNC tools acquiring a total share of 6.5% in the global market.
FMI estimates that Asia Pacific countries together accounted for 47.3% of the total revenue generated by sales of woodworking CNC tools back in 2022. China is the leading market for the supply of woodworking CNC tools in Asia Pacific and is poised to advance at 6.8% CAGR through 2033.
China is followed by Japan market in the production of woodworking CNC tools which was valued at USD 82 million in 2022. Meanwhile, the sales of woodworking CNC tools in Australia generated a revenue of around USD 43.75 million in that year.
India is estimated to present some key opportunities for regional as well as global players by expanding at a CAGR of 7.2% through 2033.
Among different types of tools, the woodworking CNC cutter segment dominates the market which held 49% of the revenue share in 2022.

Competitive Landscape for the Woodworking CNC Tools Market Players

In addition to engaging in acquisitions and mergers, leading companies in the woodworking CNC tools industry may employ strategies such as forming alliances and expanding their facilities to maintain a strong market presence. This dynamic market is also experiencing the impact of increasing labor costs, prompting manufacturers to leverage advanced technology to provide precision saws and panel saw series.

One notable example is IMA Schelling Group GmbH, a prominent manufacturer that effectively harnesses cutting-edge woodworking tools to deliver precision in their saws and panel saw series.

Furthermore, SCM Group, in June 2020, unveiled its plan to incorporate the DMC system flexible abrasives modular center into its product portfolio, which already includes a range of broad belt sanders. The modular center boasts a hand-scraping device, enabling it to achieve exceptional levels of wood manufacturing finishing, as stated by the company.

For a Seamless Purchase Experience, Contact our Sales Team for Assistance
https://www.futuremarketinsights.com/checkout/11105

Key Segments Covered by Woodworking CNC Tools Industry Survey Report

By Tool Type:

Router Bits
- 1/2″
- 1/4″
- 3/8″
- 3/4″
- 5/8″
- 5/16″
Insert Knives
- Less than 0.3″
- 3″ to 0.4″
- 4″ to 0.5″
- 5″ to 0.6″
- More than 0.6″
Engraving Tools
Cutters
- Single Flute Cutters
- Finger Joint Cutter
- Grooving Cutter
Other Tool Types

By Wood Type:

Plywood
Chipboard
Medium Density Fiberboard (MDF)
High-density Fiberboard (HDF)
Hardwood
Other Wood Types

By Operation:

Milling
Drilling
Cutting
Profiling

By Application:

Woodworking Shop
Construction
Other Applications

By Region:

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

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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