Storm Water Cleaning Services Market 2021 Industry Research, Segmentation, Key Players Analysis and Forecast to 2025

Storm water runoff occurs when snow melts and rain flows over an impervious surface or land, and does not percolate into the ground. Further, the rate of flow increases as the runoff flows over the land due to oil, debris, chemicals, and the collection of other pollutants. Storm water cleaning services are done for the maintenance of catch basins, drill holes, drywells, oil/water separators, and sedimentation manholes, among other storm water controls, to prevent pollutants from entering a surface.

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These pollutants have the ability to directly contaminate drinking water, which is why, periodic removal or cleaning of hydrocarbons, garbage, oil, and sediment is so critical. Service providers of storm water cleaning help in visual inspections of the site, check blockage pipes, replacing and removing exhausted filters, cleaning of sediment, and debris removal from storm drains.

The storm water cleaning services management programs offered by various service providers help in protecting the fish habitat, improving water quality, and managing drainage by establishing construction and design standards. Other storm water cleaning services, such as mapping, locating, filter cleaning, video inspection & monitoring, cleaning pipes, oil-water separator cleaning, and others, are further offered by the providers of storm water cleaning services.

Root cutting of pipelines, removal of large debris, excavating sewer and water major breaks are some of the storm water cleaning services which help in reducing safety risks, environmental risks, and the costs associated with back filing excavations.

Storm Water Cleaning Services Market: Dynamics:

Unfamiliar patterns of urban areas lead to interrupted hydrological cycles, inhibited filtration, and peak and higher surface runoff volume flow, primarily because of higher share of impermeable surfaces such as parking spaces, roads, sidewalks, and others. These peak flows cause storm water to reach sewage systems quickly in large volumes, and require storm water cleaning services periodically. Furthermore, the insufficient capacity of the combined sewage systems collecting sewage and storm water for handling excess water, thus causing pollution, is further estimated to drive the demand for the storm water cleaning services market during the forecast period.

Growing urbanisation, increasing investments by governments across developed nations to resolve these issues, and environmental concerns with natural source conservation programs are further expected to drive the global market for storm water cleaning services over the forecast period.

However, inefficient command-and-control regulations owing to difficulty in customising and differences at plot level and relatively more expensive to monitor are expected to hamper the growth of the global storm water cleaning services market during the forecast period.

Storm Water Cleaning Services Market: Region-wise Outlook:

North America is estimated to witness relatively steady growth in the global storm water cleaning services market, owing to stringent government regulations, increasing spending, and growing awareness among end users for these resources. Europe is expected to register substantial growth over the forecast period in the global storm water cleaning services market, due to an increase in urbanisation, presence of global companies, and ever-growing awareness.

Asia Pacific, with increasing construction and urbanisation, is further estimated to register substantial growth in the storm water cleaning services market during the forecast period. Increasing services and maintenance for storm cleaning across Middle East & Africa and Latin America are expected to further fuel the global storm water cleaning services market.

Storm Water Cleaning Services Market: Market Participants:

Some of the market participants involved in the global storm water cleaning services market are:

  • STORM WATER SERVICES
  • Stormwater Maintenance, LLC (SWM)
  • Northwest Stormwater Management, LLC
  • SWIMS
  • DBi Services
  • SR&R Environmental, Inc.
  • Hydro International
  • Ecosol Pty Ltd
  • Clean Water Services
  • RIVER CITY ENVIRONMENTAL, Inc.
  • John’s Sewer & Drain Cleaning

Brief Approach to Research

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

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

This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Storm Water Cleaning Services Market: Segmentation:

The global storm water cleaning services market is segmented on the basis of service type and application.

Based on service type, the global storm water cleaning services market is segmented into:

  • Root Cutting
  • Hydro-excavation
  • Vacuum Loading
  • Water jetting
  • Others

Based on application, the global storm water cleaning services market is segmented into:

  • Residential Storm Water Cleaning Services
  • Commercial Storm Water Cleaning Services
  • Industrial Storm Water Cleaning Services

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Report Highlights:

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

Over US$ 44.6 Bn Opportunity to be Created in Building Automation Systems Market: Says FMI Analyst

As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global building automation systems market totaled US$ 44.6 Bn in 2021.

Rapid advancements in building automation systems, coupled with the emergence of connective technologies such as artificial intelligence, machine learning, and cloud computing will continue augmenting market growth during the forecast period. FMI projects the market to grow at a healthy 7.8% CAGR between 2021 to 2031.

After buckling the impacts of the unprecedented COVID-19 outbreak, the global building automation systems market experienced year-over-year growth by 7.0% between 2020 and 2021.

Building automation systems offer interconnectivity of machines and devices to manage and streamline daily operations in commercial, industrial, and residential sectors. Growing demand for convenience and comfort among tenants in modern residential spaces will continue providing tailwinds to BAS sales.

Besides this, emergence of smart cities across several countries is spurring demand for building automation systems. These systems facilitate energy efficiency, water and gas supply, lighting, temperature control, along with superior security and surveillance in residential as well as commercial buildings.

As per FMI’s in-depth regional analysis, the U.S. is expected to witness high demand for building automation systems during the assessment period. Growth in the commercial sector, coupled with penetration of building automation systems in schools, universities, hospitals, and entertainment centers are estimated to fuel market growth through 2031.

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“Government-backed initiatives to encourage the development of smart buildings, coupled with post-sales assistance and services offered by market players will positively shape the demand outlook in the building automation systems market,” says the FMI analyst.

Key Takeaways:

  • Building automation system services are estimated to dominate the product segment.
  • Sales of security and surveillance building automation systems will remain high through 2031.
  • Applications of building automation systems in commercial sector will continue gaining momentum.
  • The U.S. is expected to witness high demand for building automation systems, owing to expansions in the residential and commercial sector. FMI projects the North American market to grow at a positive 7.2% CAGR.
  • Growth prospects in the U.K. are projected to be bright, due to stringent government regulations regarding energy efficiency and conservation. The European building automation systems market is poised to expand at a 7.0% CAGR.
  • China will emerge as an attractive market, owing to government initiatives promoting the development of smart cities.
  • South Korea and Japan will collectively account for 7% of the total market share.

Competitive Landscape

Honeywell International, Schneider Electric, Siemens AG, ABB, Johnson Controls, Plc, Delta Electronics, Inc., Eaton Corporation, Bosch Rexroth, Emerson, AVASGLO Group, Signellent Technologies (India) Pvt. Ltd., Comnatz Thailand Company Ltd, Deos AG, MCS Automation Technology Company Ltd., and Philips Lighting are some prominent players operating in the building automation systems market profiled by FMI.

As per FMI’s analysis, top 5 players in the building automation systems market comprise Siemens AG, Honeywell International, ABB, Schneider Electric, and Johnson Controls, plc, accounting for 44% of the total market share.

Prominent players in the building automation systems market are focusing on intensive research and development to add new products and services to their product portfolios. Apart from this, strategic collaborations, acquisitions, and mergers will remain key growth strategies among market players in the upcoming decade. For instance:

  • In August 2021, Schneider Electric released its new EcoStruxure Micro Data Centre architectures on Stratus Technologies’ ftServer edge computing platforms to move data center capabilities to factory floors. These systems integrate Stratus’ fault tolerance and virtualization with Schneider’s uninterrupted power supply and run critical equipment with no downtown.
  • In July 2021, Germany’s Bosch Rexroth and Gamuda Engineering announced a collaboration to offer building automation systems in the Malaysian construction industry. The collaboration is aimed to raise the Malaysian construction industry’s competency in automation.

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More Insights on the Building Automation Systems Market

In its latest report, FMI offers an unbiased analysis of the global building automation systems market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (hardware, software, and services), system type (security & surveillance, HVAC, lighting solutions, and building energy management), application type (commercial, residential and governmental), and across seven regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East, and Africa).

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

World Sirens Market Share by 2031: Upcoming Trends and Analysis : FMI

Future Market Insights (FMI)’s upcoming research study on the global Sirens market lays bare undercurrents and opportunities for key market stakeholders. The report provides in-depth insights on the Sirens market through a detailed analysis of key growth drivers, restraints, trends, challenges, and revenue growth based on historical data. Valuable information and forecast statistics covered in the Sirens market report will help to exist and potential new market players to craft long-term strategies as well as maintain business continuity during a crisis.

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COVID-19 Impact Analysis

As with many industries, the recent outbreak of the COVID-19 has adversely affected the industrial automation & equipment industry. The Sirens market is no exception. Following government measures, particularly social distancing norms and shelter-in-place orders, companies active in the Sirens market have put their production on a halt. Movement restrictions have created a logistical nightmare for market players, while the lack of ‘essential’ status caused a decline in sales.

The FMI’s report covers an exclusive chapter on the initial COVID-19 impact on the Sirens market. This allows both incumbent companies and new entrants to understand the market scenario during a crisis and helps them make sound decision to gain a distinct competitive edge.

Why Choose Future Market Insights

Serving domestic and international clients 24/7 Prompt customer service Data collected from reliable primary and secondary sources Highly trained team of research analysts. Seamless delivery of tailor-made market research reports

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Sirens Market: Segmentation

To analyze the Sirens market effectively and efficiently, the information has been segregated into key segments and sub-segments.

Segmentation of the global siren market by product type:

Electronic Electro-mechanical Rotating Single/dual toned Omnidirectional

Segmentation of the global siren market by application:

Civil defense Industrial signaling Emergency vehicles Home/vehicle safety Security/warning systems Military use Others

Segmentation of the global siren market by installation type:

Wall mounting Self-standing Water proof connector

Sirens Market: Competition Analysis

The FMI’s study presents an extensive analysis of global, regional, and country-level players operating in the Sirens market based on their innovative launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Sirens market report.

Key players covered in the report include:

Acoustic Technology Inc., Sentry Siren Inc., MA Safety Signal Co. Ltd, Whelen Engineering Co. Inc., Federal Signal Corporation,

Crucial Questions Answered in the Report

Which end-use industry remains the top consumer of Sirens in different regional markets? At what rate has the global Sirens market been expanding during the forecast period? How will the global Sirens market look like by the end of the forecast period? What innovative technologies are the Sirens market players adopting to stay ahead of the pack? What are the restraints affecting the growth of the global Sirens market?

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Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period. Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Sirens market.

Optical Spectrum Analyzer Market Records Growth as Demand from IT and Telecommunication Rises: FMI

Optical spectrum analyzer market is considerably gaining from the rising demand in the IT and telecommunication industry. According to a new study by Future Market Insights (FMI), the market will continue exhibiting steady growth since optical spectrum analyzer is an important tool in signal discrimination that finds application across diverse industries starting from IT to aerospace.

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The telecom industry has expanded exponentially in the last few years, which has, in turn, created lucrative prospects for the growth of the market.

Optical spectrum analyzer is highly sought-after in the telecommunication industry. It is used to determine occupied bandwidth and track interference sources. The growth in the IT and telecommunication industry is forecast to fuel the demand for optical spectrum analyzers in the coming years. The market also is expected to gain from the rising demand in medical & healthcare, energy & utilities, and other end-use industries.

According to Future Market Insights (FMI), the global optical spectrum analyzer market is set to grow at 5.5% CAGR during the forecast period from the year 2020 to 2030.

Despite facing a slower growth rate due to the COVID-19 pandemic in recent years, the market is soon likely to recover, creating ample opportunities for the companies operating therein.

FMI offers an exhaustive overview of the optical spectrum analyzer market, its growth drivers, and restraints.

Some of the key takeaways from the report are highlighted below-

  • Portable optical spectrum analyzer is gaining traction as a more preferred product among various industries
  • The wavelength meter mode of the optical spectrum analyzer is highly sought-after in the market
  • The IT & telecommunication industry will continue exhibiting high growth for optical spectrum analyzer
  • North America has emerged as a highly lucrative market. In the coming years, the demand from South Asia as well is expected to rise at a high rate

“Reflective or refractive techniques are used by the optical spectrum analyzer in order to distinguish wavelengths of light. This factor makes it a highly sought-after technology used in the IT & telecommunication industry. Since in terms of efficiency, portability, and cost-effectiveness portable optical spectrum analyzers are becoming the first preference of diverse end-use industries, the key market players are focusing on launching better quality products,” said an FMI analyst.

COVID-19 Impact Analysis

The COVID-19 pandemic has hampered the growth of several industries, including key end-users of the optical spectrum analyzer market such as IT, aerospace, and others. At the beginning of this year, the manufacturing units had to struggle with restrictions such as shortage of raw materials, decrease in manpower, closed supply chain, and others during extended periods of lockdown.

Contrary to this, the pandemic resulted in a surge in demand for optical spectrum analyzers from the medical & healthcare industry due to an increase in the rush of patients. Despite being impacted by the COVID-19 pandemic, the optical spectrum analyzer market is set to grow steadily throughout the forecast period.

Who is Winning?

The global optical spectrum analyzer market is set to grow exponentially in the coming years. To sustain their positions, the key market players are focusing on developing more sophisticated products.

For instance, AMS Technologies has launched their new range of optical spectrum analyzers such as Ultra Optical Spectrum Analyzer (OSA) Spectrometer, UltraBright Spectrometer, HyperFine Spectrometer, and others to target the key end-users such as telecommunication, medical, and others.

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Thorlabs has launched their new Dual-Function Broadband Spectrometer and Wavelength Meter equipped with FC/PC Fiber Connector and Free-Space Optical Input. This type of optical spectrum analyzer is capable of working in two modes- spectrometer mode (7.5 GHz resolution) and wavelength meter mode (0.1 ppm resolution).

Optical Spectrum Analyzer Market Key Segments

Product Type

  • Portable
  • Benchtop
  • Handheld

Mode Type

  • Spectrometer Mode
  • Wavelength Meter Mode

End-Use

  • IT & Telecommunication
  • Medical & Healthcare
  • Energy & Utilities
  • Automotive
  • Institutions
  • Aerospace & Defence
  • Semiconductors & Electronics

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • The Middle East and Africa
  • Japan

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More Valuable Insights on Optical Spectrum Analyzer Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global optical spectrum analyzer market, providing historical data from 2015 through 2019 and forecast statistics for the period 2020-2030. To understand the global market potential, its growth, and scopes, the market is segmented based on product type (portable, benchtop, handheld), mode type (spectrometer mode, wavelength meter mode), end-use (IT & telecommunication, medical & healthcare, energy & utilities, automotive, institutions, aerospace & defense, semiconductors & electronics), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

Tool Holders Market expected to witness a considerable value CAGR of 5.4% during the period of 2022 and 2028.

[248 Pages] The global tool holders market to grow with a year on year growth of 5.2% in 2022 reaching a value of about US$ 1,173.4 Mn by 2022 end. Tool holders are necessary for connecting high-speed tools such drills, taps, milling cutters to a machine in an efficient and safe manner.

It is very crucial in mechanised procedures that need high degrees of precision. This is due to the fact that they serve as the link between a tool and a machine. Product quality, machine life span and process noise are all affected by the tool holder used in high precision mechanised operations. The global business is expected to witness a considerable value CAGR of 5.4% during the period of 2022 and 2028.

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FMI has identified North America to remain key market for tool holders over the forecast period owing to increasing demand from end use applications. The region is estimated to witness a value CAGR 4.3% in the industry of Tool Holders. Global tool holders market is expected to account for about 1.5% of global machine tool market.

Global demand for tool holders, specifically arising from the automotive and defence and aerospace industries, will witness a relatively steady growth between 2022 and 2028, as predicted by Future Market Insights (FMI) in its recently released market intelligence report.

While the demand for tool holders will be largely driven by emerging economies, in particular the manufacturing sector, China is likely to make substantial investments in high performance cutting tools, considering the robust manufacturing and industrial output in the region. In other developing countries such as Philippines and Bangladesh, the positive scenario and policies, infrastructure, and steps, which are being taken to promote business, especially the manufacturing sector, will have a positive impact on the tool holders market offering huge opportunities for investors.

As per the report, the global tool holders market will top US$ 1 Billion by 2019. Moreover, growing demand for high precision products with increased output capacity is propelling the demand for advance tool holders in the global market, opines FMI.

Key Market Insights at a Glance:

  • The demand for tool holders is expected to grow at a moderate pace over the forecast period.
  • Asia Pacific is estimated to hold a prominent share of the global tool holders market.
  • Initiatives by regional governments are likely to encourage the movement of low-cost manufacturing towards parts of South-East Asia, thereby creating healthy growth prospects create healthy growth opportunities in Asia Pacific region.
  • China will remain the largest consumer of machine tools, followed by U.S.
  • The tool holders market is consolidated with Tier-1 players accounting for significant shares.
  • The top three players of the market are estimated to account for more than a 50% market share.
  • On the basis of types of tool holder, hydraulic tool holders segment is slated to remain a high value – high growth segment.
  • In terms of end-use, general machining and fabrication and the automotive industries are likely to push maximum revenue into the tool holders market. The two end-use industries are estimated to collectively account for around 47% value share in the global tool holders market.

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  • BT Flange Taper will remain the most preferred taper type among CNCers, in terms of volume and value, given its high degree of accuracy and precision, in any high-speed machining operations.

Laser Cutting Technologies Could Restrict Tool Holders Sales

Laser cutting, a streamlined and precision manufacturing process, is likely to pose challenges for tool holders given its ability to not just cut materials but also apply finish to a product. Apart from lower risks of material deformation or warping, since there is no direct contact between the material and the laser cutting device, chances of incorrect markings and contamination further reduces. Although laser cutting could be technically challenging and costly, end-use industries demanding high cutting precision such as automotive, are projected to replace traditional tool cutting equipment. However, high market penetration of relatively low cost tool holders

May restrict the demand for new and more advanced tool holders despite their high accuracy and ease of handling.

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Takeaways from Competitive Landscape Analysis

  • In a moderately consolidated landscape, tier-1 companies such as Kennametal Inc., Sandvil AB, and BIG DAISHOWA Group among others hold approximately 55-65 percent market share.
  • Tier-2 companies, on the other hand, hold nearly 35-45 percent market share. Such companies include Guhring, Inc., CERATIZIT GROUP, KYOCERA UNIMERCO A/S, Kemmler Precision Tools GmbH, and Haimer GmbH among others.
  • Key players are projected to focus on enhancing product quality by implementing new technologies, tough and long-lasting equipment and consumables materials with added features at a competitive price.
  • Top companies are also looking to target major manufacturing industries such as metal fabrication and automotive by offering high cutting accuracy with increased productivity.

To know more about the various other key forward market strategies dotting the global tool holders landscape and for more in-depth insights on the critical dynamics impacting the growth tool holders market, write to FMI at press@futuremarketinsights.com

Power Tools Market demand by 5.1% CAGR between 2021 and 2031.

[298 Pages Report] The global power tools market size is expected to reach US$ 33.36 Bn in 2021. Increasing sales of cordless power tools will drive growth in the power tools’ demand by 5.1% CAGR between 2021 and 2031.

As per the latest Future Market Insights (FMI) analysis, demand for electric power tools and portable power tools will rise exponentially in the coming years. Soaring application in automotive, construction, aerospace, and other industries also will create demand for handheld and pneumatic power tools.

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The report also predicts power tools sales to make up nearly 7% to 8% of the global tooling industry.

The COVID-19 pandemic has severely affected the global economy. Resulting in manufacturing plants shutdowns, coupled with supply chain disruptions owing to nationwide lockdowns across the globe, subsequently resulting in the plunge in the power tools market growth. However, the market is expected to recover sharply as the economic activities resume post the containment of pandemic. Manufacturers are focusing on scaling up their production capabilities with improved production rate creating positive prospected for the power tools market growth.

Key Takeaways of Global Power tool Market Study

  1. Power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
  2. Overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
  3. U.S. is expected to spearhead growth in North America, accounting for over 62% of overall share in the region in 2021
  4. U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
  5. Outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

Global Power tool Market Competitive Landscape

The global power tools market is highly competitive market owing to presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain competitive edge. Some of the leading manufacturers of power tool market are Robert Bosch GmbH, Stanley Black & Decker Inc., Makita Corporation, Techtronic Industries Company Limited, Koki Holding, Co., Ingersoll Rand Inc., Apex Tools, Hilti Corporation, Snap-on Incorporated, among others.

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Valuable Insights into Global Power Tools Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global power tools market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power tools market based on backing product type (drilling tools, fastening tool, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench, circular saw), technology (electric and pneumatic), application  (manufacturing, MRO services, DRO, construction), and sales channel (offline and online) across six regions (North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa).

Scope of the Report

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis USD Million for value and Units for Volume
Key Regions Covered North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa
Key Countries Covered US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Segments Covered Product Type, Technology, Application, Sales Channel, and Region
Key Companies Profiled
  • Robert Bosch Power Tools GmbH
  • Stanley Black & Decker, Inc.
  • Makita Corporation
  • Hilti Corporation
  • Atlas Copco AB
  • Techtronic Industries Company Limited
  • Snap-on Incorporated
  • Actuant Corporation
  • Husqvarna AB
  • Illinois Tool Works
  • Panasonic Corporation
  • Hitachi Corporation
  • Ingersoll Rand, Inc.
  • Enerpac Tool Group
  • Kyocera Corporation
  • Apex Tool Group
  • Ridgid Tools
  • Koki Holdings Co., Ltd.
Report Coverage Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing Available upon Request

About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

Robotic Grippers Market is anticipated to grow at a CAGR of ~ 10% during the forecast period

A new market research study by Future Market Insights on the robotic gripper market contains global industry analysis 2014-2018 and opportunity assessment 2019-2029. The report investigates the robotic gripper market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global robotic gripper market is expected to experience substantial growth over the forecast period, because of multiple driving factors such as, use of smart materials for enhanced capabilities and growing horizon of applications along with increased number of end-use industries.

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The global robotic gripper market was valued at ~ US$1 Bn in 2018 and is projected to increase at a CAGR of ~ 10% between the forecast period of 2019 and 2029. This growth is significantly driven upsurge in the automotive and electronic & semiconductor industry, introduction of specific gripper portfolio, and rise in the robotic automation in specific regions such as East Asia.

Owing to the rapid growth of factory automation in East Asia and other nations including Singapore, Malaysia, and more, the demand for robotic grippers is expected to grow at an impressive pace. According to the FMI analysis, the onset of Industry 4.0 is further expected to increase the adoption of robotic grippers in smart factories. 

Surplus Growing Opportunities in the East Asia Market

Japan being one of the significant countries in robotic automation is expected to show upsurge in the robotic gripper market. South Korea has a high number of robot-10,000 employee ratio, in which China is expected to register a high growth rate in recent years, owing to high labor costs and increased automation. These countries have a major share in the global robotic gripper market, hence East Asia is expected to generate substantial growth opportunities for the robotic gripper market.

Use of Innovative Smart Materials to Surge the Market Growth

The global robotic gripper market has been segmented based on the different types of grippers, multiple jaw types, their multiple operations, different segments of applications, end use industry and regions such as Americas, EMEA (Europe, Middle East and Africa), SAP (South Asia Pacific) and East Asia.

  • Robotic gripper technology has been incessantly growing in the recent years, consecutively growing the robotic gripper market. Use of smart materials to make more adaptive and flexible grippers is taking place. More advancement is expected to happen in electric and pneumatic grippers which will help the robotic gripper market growth exponentially.
  • With respect to application robotic gripper market is expected to show a large growth in material handling segment as it is prominently used in end use industry. Followed by general assembly segment which is projected to have a fair share in the market growth.
  • Automotive industry is one of the significant drivers of the robotic gripper market followed by electronics and semiconductors industry. Availability of vast gripper range which are application specific in nature enhance the precision and speed requirement in these industries.

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Key Segment

By Product Type

  • 2-Jaw Grippers
  • Angular & 3-Jaw Grippers
  • O-Ring Grippers
  • Niddle Grippers
  • Vacuum Cups
  • Magnetic Grippers
  • Special Purpose Grippers
  • Others (Electrostatic, Bellow, Toggle)

By Application

  • Material Handling
  • General Assembly
  • Inspection & Others

By End Use

  • Automotive & Transportation
  • Electronics & Semiconductors
  • Food & Beverages
  • Chemicals & Pharmaceutical
  • Logistics
  • Healthcare
  • Others

By Region

  • Americas
  • EMEA
  • South Asia & Pacific
  • East Asia

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Robotic Gripper Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global robotic gripper market. Few examples of key players in the market are

  • Soft Robotics, Inc., Piab AB, Applied Robotics, ABB Limited, Grabit Inc., Yaskawa America Inc., J. Schmalz GmbH, Festo AG & Co. KG, Onrobot, Bastian Solutions, COVAL VACUUM TECHNOLOGY Inc.,

and Brenton Engineering, among others. The global robotic gripper market players are primarily focusing on development of product, such as flexible robotic gripper, electrostatic robotic gripper, and vacuum robotic gripper, that can react more and more similar to human arm and has a wide range of payload capacity for different end use industries in order to gain greater share in the robotic gripper market.

Walk-in Coolers and Freezers Market a robust growth with a CAGR of ~5% over the forecast period

Future Market Insights (FMI), in its new report, estimates worldwide sales of walk-in coolers and freezers at US$ 8.6 billion in 2019. Widespread consumer acceptance of frozen and processed food, along with a steep rise in the demand for efficient refrigeration facilities to store and maintain the shelf life of these products, allude a brighter future for the walk-in coolers and freezers market.

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Digitalization and smart technologies continue to influence many product developments and demand-side dynamics, and walk-in coolers and freezers are no exception. As consumers show marked preference for efficient yet custom-sized units, manufacturers are leveraging technological advancements to develop unique product features that fulfil specific customer requirements.

“Walk-in coolers and freezers are witnessing transformations under the influences of smart technologies and digitalization, and consumer preference for customized yet efficient equipment has led manufacturers to emphasise application-specific features in new product development”.

According to the study, key players in the walk-in coolers and freezers market also remained focused on improving energy efficiency of their products, considering the continuous changes in energy conservation standards for various commercial and industrial equipment including walk-in coolers and freezers. These players are continuously putting efforts on improving quality of their offerings, while investing in innovative developments that would yield substantial improvements for customers.

Gains Remain High from Commercial Kitchens & Restaurants

Walk-in coolers and freezers continue to gain high traction from commercial kitchens and restaurants, which are widely used to preserve raw foods and grocery items. As international fast food chains and café outlets continue to explore opportunities in various attractive destinations, demand of walk-in coolers and freezers has been on an upward swing across the globe.

North America and Europe have been the early adopters of commercial kitchens and restaurants; however, they are reaching their saturation point. Walk-in cooler and freezer manufacturers are tapping into opportunities in developing countries in East Asia, where multi-cultural environment, changing eating habits, and rising disposable income have opened avenues of growth for commercial kitchens and restaurants. Moreover, walk-in coolers and freezers market in East Asia is likely to take over the Europe market in the future.

According to the study, newer trends and rapid expansion of retail food & beverage sector also represent a significant source of demand for walk-in coolers and freezers. Picture-perfect stores are gaining high preference among today’s consumers, especially millennials obsessed with social media platforms. Such factor has forced the manufacturers to innovate and enhance the visual appearance of their products without compromising on the operational functions.

Walk-in coolers and freezers with self-contained refrigeration continue to account for higher share as compared to remote condensing and multiplex condensing. Considering the suitability of self-contained refrigeration in almost any application along with ease of service and maintenance, this category also continues to witness higher innovation and investments.

According to the study, the walk-in coolers and freezers market shows a high level of fragmentation, and therefore, several market players are focusing on forging strategic alliance with other players to improve their market shares. Manufacturers are also focused on offering products that can be custom designed to fit any settings along with several add-on features to increase convenience and ease-of-use.

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FMI’s research study also offers a long-term perspective and thorough analysis on opportunities present in the walk-in coolers and freezers market for the period between 2019 and 2029. As per the study, the global walk-in coolers and freezers market is projected to register a CAGR of 5.6% during the forecast period.

Walk-in Coolers and Freezers Market Key Segment

Product Type

  • Walk-in Cooler
  • Walk-in Freezer
  • Combo (Freezer + Cooler)

Place of Use

  • Indoor
  • Outdoor

Technology

  • Self-Contained
  • Remote Condensing
  • Multiplex Condensing

Door Type

  • Hinged
  • Power Sliding
  • Manual Sliding

Application

  • Cold Storage Warehouse
  • Breweries
  • Commercial Kitchen & Restaurants
  • Floral Storage
  • Pharmaceuticals
  • Chemicals
  • Research laboratories
  • Hospitals & Mortuaries
  • Mobile Refrigeration System
  • Retail Food & Beverage
    • Supermarket
    • Hypermarket
    • Convenience Stores
  • Other Stores

Sales Channel

  • OEM
  • Aftermarket

Mounting Type

  • Floor
  • Non-floor

Region

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

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

Carbide Tools Market Is Projected To Reach US$ 10,726.3 Mn By The End Of The Forecast Period

[315 Pages Report] The global Carbide Tools market is projected to reach US$ 10,726.3 Mn by the end of the forecast period while growing at a value CAGR of 7.0%. According to Future Market Insight’s volume analysis, the global Carbide Tools Market is estimated to have reached 187,652.6 thousand units by 2018 end and is expected to reach 365,280.9 thousand units by 2028 while exhibiting a CAGR of 6.9% during the forecast period.

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The report on the Carbide Tools market covers comprehensive information about market trends, volume (Thousand Units) and value (US$ Mn) projections, recent developments, dynamics (drivers, restraints, trends & opportunities) and competition landscape pertaining to the global Carbide Tools market for the study period 2018 to 2028.

Robust Technological Innovations and Growing Automation in Machine Cutting Tools Paving Way for Growth of Global Carbide Tools Market

Based on FMI’s analysis, most of the carbide tools that are sold have machine-based configuration. The report highlights significant opportunities for automatic machines or lathe machines. Convenient handling and operation, high-speed compatibility, and superior proficiency will remain the key determining factors rendering higher preference for machine-based over hand-based configuration.

Carbide Tools Market – Cutting Tools, and Drilling and Milling Tools Hold Prominent Shares

Among end user segments, metal fabrication and automotive & transportation are significant contributors to the global Carbide Tools market. In metal fabrication, Carbide Tools are frequently used for job shop applications, such as hole making, surface finishing, among others.

Within the automotive sector, drills, reamers, countersinks and mills tools are used for general applications, such as the making of co-centric holes, providing surface finishing and for other purposes. For many Carbide Tools, manufacturers are focused on creating coolant circulations inside Carbide Tools to improve the operational efficiency of tools.

Carbide Tools Market End-Use Sectors

Most Carbide Tools are available as coated type, as coating enhances the cutting output or cutting efficiency of Carbide Tools. The coated segment is expected to grow at addressable CAGR during the forecast period because of because of the substantial growth being witnessed in automation in the manufacturing sector. Non-coated type Carbide Tools are used mainly for woodworking purposes.

Almost 90% of carbide tools are coated, which affirm their improved performance over non-coated counterparts. Despite a high price point associated with the former, FMI expects that the revenue of coated tools will remain dominant over non-coated tools, as performance has become the paramount. Adoption for woodworking applications will sustain sales of non-coated carbide tools.

Escalating utilization of carbide tools for job-shop applications in metal fabrication, general automotive applications, and high-speed cutting applications will predominantly push sales prospects of carbide tools, as per FMI’s research. While adoption of carbide tools for automotive and fabrication end-use applications holds over 55% share in the total market revenue, growing adoption by heavy machinery manufacturers is also underpinning significant revenue generation in carbide tools market.

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Europe has been spearheading the expansion of carbide tools market, which is likely to receive powerful support from towering sales of EVs in the region. The report underscores remarkable contribution of China and India to the global market revenue. Spectacular growth of the automotive components and metal fabrication industries has helped to fuel the use of carbide tools within high-potential developing Asian economies, particularly China and India. Rapid automation of metal fabrication applications is cited as a predominant booster to adoption rate of carbide tools within the aforementioned countries. According to the report, the collective share of China and India currently equates just-under a fourth of the global value, likely to thrive at a robust pace in the years to come.

FMI has covered detailed market structure in the carbide tools market report, which includes some of the most prominent players such as KYOCERA Corporation, YG-1 Co., Ltd., Mitsubishi Materials Corporation, Allied Machine & Engineering Corp., OSG Corporation, Fullerton Tool Company, Sumitomo Electric Hartmetall GmbH, and others.

Carbide Tools Market Key Segment

By Product Type, the Carbide Tools market is segmented into

  • Circular Saw Blades
  • CNC Inserts
  • Router Bits
  • Cutters
  • Mills
  • Tap & Dies
  • Reamers

By end user, the Carbide Tools market is segmented into

  • metal fabrication
  • automotive & transportation
    • automotive
    • railway
    • aerospace
    • marine
  • heavy machinery
  • construction
  • furniture & carpentry
  • oil & gas
    • fabrication
    • manufacturing purposes
  • other manufacturing

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The global market for carbide tools is a highly fragmented landscape and FMI has characterized the space by moderate competition. Established brands such as IMC Group and Sandvik AB have been facing challenges related to profit margins owing to promising entry of new market players. While entrants are likely to maintain their focus on economic costs during new product launches, leading companies will continue to prioritize expansion.

Woodworking Router Bits Market Value to US$ 150 Mn by 2029

Router bits are used in several woodworking applications such as milling, drilling, grooving, profiling, engraving, carving, etc. High accuracy and precision of carbide-tipped router bits are giving them a competitive edge in the global market. High demand for design furniture is another plus point favouring market growth. Furthermore, high reselling value of carbide-tipped router bits as compared to high speed steel (HSS) is also expected to push the growth lever of the global market in the coming decade.

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According to a new research report published by Future Market Insights (FMI), the global woodworking router bits market is estimated to exhibit a CAGR of close to 5% during the forecast period of 2019-2029.

Key Takeaways of Woodworking Router Bits Market Study

  1. Woodworking router bits have prominent application in engraving and carving all kinds of wood such as chipboard, plywood, hardwood, and softwood, and play a crucial role in the furniture industry.
  2. Targeting the expanding DIY consumer segment, manufacturers are offering customized products, which facilitate effective usage in handheld operations such as drilling, cutting, milling, etc.
  3. The most common types of router bits available in the market are handheld router bits and CNC router bits. Handheld router bits are limited to specific applications, resulting in steady market growth, whereas, CNC router bits are versatile, providing lucrative business avenues for investors.
  4. Out of all woodworking operations, grooving holds a significant share, and is projected to witness maximum growth during the forecast years.
  5. In recent years, the market has witnessed price variations, owing to diversified product lines offered by manufacturers that target a broad clientele based on the type of woodworking operation.
  6. Growing usage of wood in the design of basic utilities in commercial construction is expected to further raise the demand for woodworking router bits

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“In the woodworking router bits market, products with high-end precision and durability are necessary for complex woodworking operations. Manufacturers are capitalizing on this trend by actively providing customized products for application-specific woodworking operations.”

Woodworking Router Bits Market: Competitive Landscape

The woodworking router bits market has become increasingly competitive as manufacturers are launching advanced products that offer various operational benefits and are compatible to the woodworking industry. There are a significant number of organized and unorganized players actively operating in the global market. Key players involved in the woodworking router bits market are Robert Bosch GmbH, Stanley Black and Decker, Kanefusa Corporation, Amana Tool Corporation, and CMT Utensili SpA, among others. The offering of versatile router bits can be a differentiating move for manufacturers in the global market.

Asia Pacific Offering Lucrative Opportunities for Market Growth

The woodworking router bits market is expected to gain significant traction in the coming years, owing to flourishing residential and commercial construction activities in developing economies of Asia Pacific. Rising demand from the furniture industry in the commercial and residential sectors is expected to drive the sales of router bits during the forecast period. Intense use of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to propel woodworking router bits market growth.

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More about the Report…

The research report provides thorough assessment and future forecasts of the woodworking router bits market on the basis of three primary segments listed as follows: operation, shank size, and tool type. The report provides comprehensive information about global market size, key market manufacturers, and regional perspective for the market. The report also provides important dynamics of the woodworking router bits market. Scope of the research includes handheld woodworking router bits with carbide.