Chopper Pumps Market expected at a CAGR of ~ 4.7% & US$ 1.20 Bn during the forecast period 2020–2030

Future Market Insights, an ESOMAR-certified Market Research Company, in its newest study on the chopper pumps market, opines that the market is slated to surpass US$ 1.20 Bn by 2030. Chopper pump manufacturers are ramping up efforts to increase pumping efficiency of chopper pumps. FMI’s analysis estimates that efficiency increase by a mere 2%-3% would incur costs savings to the tune of thousands of dollars every year.

In countries such as the US, approximately 15%-20% of chopper pumps are energy-efficient, thus boosting market prospects through 2030. This has also paved way for increased R&D spending wherein manufacturers are focusing on development of innovative chopper pump solutions with high durability and increased efficiency.

Chopper Pumps Gaining Ground in Municipal Applications

The labelling of hygiene products as ‘flushable’ has led to severe clogging problems in sewage and wastewater treatment plants. Slated to account for 22% of the market share in 2020, the municipal application segment of chopper pumps market will witness high value and volume growth through 2030.

Chopper pumps help cut down rags and solids in wastewater and sewage plants. While many of these pumps are found in wastewater treatment plants, facilities such as hotels rely on these pumps to pump and move the sewage to a distant tank.

Similarly, any facility located at a height below the septic tank will need a pump to pump up the mud and slurry and transport it to its intended destination.

Another tangible plus point of chopper pumps is their use in manure slurries which yield good quantities of fertilizers that can be used for a host of agricultural applications. Use of chopper pumps for agricultural applications are poised to capture one-fourth of the chopper pumps market.

Chopper Pumps Market – Regional Analysis

global chopper pumps market regional pricing analysis by product type

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Key Takeaways of Chopper Pumps Market Study

  • Superior durability, higher product lifecycles and reduced installation costs will be primary USPs of chopper pump manufacturers
  • Organized aftermarket services and a robust network of distributorships for maintenance services will brighten prospects for chopper pumps market through 2030
  • Cost saving processing in food and beverages sector is anticipated to create new investment streams for chopper pumps in developing regions such as China and India
  • Strong branding and brand positioning by SME’s and small-scale retailers of chopper pumps is enabling penetration of local players in the market

COVID-19 Impact on Chopper Pumps Market

Manufacturers are seeing their revenue pools shrink with large scale disruptions in supply chains due to quarantines and factory shutdowns.

Sectors such as chemicals, paper and pulp, wastewater management and agriculture are seeing a slowdown in new project developments and is impacting overall demand for pumps.

The near-term impact on chopper pumps market will be determined by effective management of supply chains and fiscal/control measures for continued liquidity for SMEs. Post pandemic, it is anticipated that chopper pump manufacturers will re-shore their manufacturing and facilities towards South Asia in countries such as India. With agriculture and food processing relatively less affected by the pandemic, the market will recover in the foreseeable future

Chopper Pumps Market Competition Landscape

The market for chopper pumps is fairly fragmented. The leading stakeholders have a large footprint in regions such as North America and Europe.

On the other hand, smaller players are penetrating extensively in developing regions of Asia Pacific where they are expanding their local networks by either setting up their own sales and distribution channels or collaborating with independent distributors.

  • Sulzer, a Switzerland based pump manufacturer, has introduced dewatering submersible chopper pumps with an equipped aquatronic unit giving real time intelligence
  • Vaughan Co, a US based pumps supplier, has launched more than 2o patents for its range of innovative products
  • Cornell Pump Company, another US based pump manufacturer, accounted for 2.4% of the market share in 2019. It extensively brands its pumps by participating in trade shows and events across the world
  • The Danish Water Technology alliance between the Danish water sector and North America is projected to create numerous opportunities for Landia, a Denmark based pump manufacturer. The company actively strives for new and innovative chopper pumps to achieve lowest lifespan costs with minimal resource consumption

Market Taxonomy

Product Type

  • Submersible Chopper Pump
  • Cantilever Chopper Pump
  • Vertical Dry Pit Chopper Pump
  • Self-Priming Chopper Pump
  • End Suction Chopper Pump
  • Vertical Wet Well Chopper Pump

Outlet Diameter

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

Application

  • Agriculture
  • Municipal
    • Water Treatment
    • Sewage Treatment
  • Automotive
  • Steel
  • Chemical & Petrochemical
  • Food Processing
  • Mining
  • Paper & Pulp

Region

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

Tire Materials Market by 2028: Recent Trends, Technology Updates and Money Making Strategies

Future Market Insights recently published a report titled “Tire Materials Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028” that offers decisive insights pertaining to the global tire materials market and provides extensive information through organized market research. According to the report, the global tire materials market has been envisaged to approach the valuation of US$ 100 Bn towards the end of forecast period.

Silica to Witness an Upsurge in Demand with Increasing Production of Green Tires

Synthetic rubber and fillers used in automotive tires have significantly changed over the past decade. Attributing to the rising environmental concerns, many regions have formed regulations that mandate tire labeling. The implementation of labeling initiatives and growing environmental concerns have led to an increase in the production of high-performance tires or green tires. Regulatory bodies have also laid incentives for manufacturers and consumers with a preference for performance tires.

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Due to the adoption of green technology, silica is extensively being used as a filler material as an effective replacement for carbon black in the recent years. The adoption of silica in the production of green tires has reduced CO2 emissions almost by 7% and increased fuel efficiency. Thus, increasing focus towards the reduction of carbon footprint and greenhouse gas effects is driving the demand for silica in tire production.

Increasing Automotive Production and Ever-rising Size of Vehicle Fleet to Boost the Tire Materials Market

Tires are a vital part of the automotive industry and thus, the production and sales of vehicles directly affect the dynamics within the tire industry. Increasing automotive production in emerging economies has been driving the demand for tires from OEM manufacturers, which has led to an increase in tire production activities. Growing tire production is driving the demand for tire materials. In a vehicle, a tire is one such part that must be replaced frequently, after every 2-3 years.

A tire experiences maximum wear and tear. Further, it is estimated that in FY2017, the global vehicle parc was about 1.3 Billion. Thus, it can be easily concluded that the growing vehicle parc and production will augment the market of automotive tires. Expansion of the tire industry is expected to fuel the demand for tire materials while the growing fleet size will add to tire replacement activities and indirectly influence the demand for tire materials.

Increasing middle-class population, coupled with rising urbanization in developing countries, is expected to increase the number of vehicle owners as many people will be able to afford vehicles. Apart from this, the increasing youth population has also led to an increase in the sales of automotive, which is a positive sign for the tire materials market.

Also, changing lifestyle and increased standard of living have increased the adoption of high-performance tires as well as branded tires, which is expected to positively impact the tire materials market. The increasing number of vehicle owners will push the growth of both OEM as well as aftermarket segments and thus, the growing demand for tires is expected to boost the tire materials market in the coming period.

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East Asia will Become a Prominent Regional Market for Tire Materials

The global tire industry has been witnessing a shift in tire manufacturing activity, with East Asia and South Asia accounting for more than 50% of tire manufacturing facilities. Easily available raw materials, economic & political stability, and availability of skilled & cheap labor have attracted key tire manufacturers to invest in East Asia and South Asia.

China and Japan are prominent tire manufacturing countries wherein China is estimated to be the leading tire producer and the presence of companies such as Bridgestone Corporation and Yokohama Rubber Company makes Japan a promising tire manufacturing country, owing to which East Asia is estimated to be the prominent market for tire materials.

North America and Europe tire industries are estimated witness a slowdown in the coming years, due to the increasing competition from Chinese tire manufacturers and their low-ranged products.  However, North America and Europe are anticipated to be potential markets for tire materials, owing to the predominance of key tire manufacturers in the region.

Solvay SA, Lanxess AG, Exxon Mobil Corporation, JSR Corporation, Cabot Corporation, Birla Carbon, and Evonik Industries AG are among the key players identified in the tire materials market.

 

Sulfur Hexafluoride Market 2019 Development Status, Competition Analysis, Type and Application 2029

The global sulfur hexafluoride market is poised for promising growth at a projected CAGR of approximately 5.8% during the course of forecast period (2019-2029). Favourable chemical properties and variegated end-use applications particularly electronic devices continue to supplement the growth of sulfur hexafluoride market.

Sulfur Hexafluoride Market Demand Bolstered by Power & Energy Application

In terms of application, power & energy holds the leading sulfur hexafluoride market share. Use of sulfur hexafluoride in this segment is projected to witness an upward trend through the forecast period. Emerging Asian economies in particular have greater need for energy consumption which is strengthening the regional demand for sulfur hexafluoride market.

Manufacturers continue to prefer sulfur hexafluoride for producing Gas Insulated Switchgear (GIS), switchgear, and high-voltage circuit breakers to meet the soaring demand in this sector. These components are utilized in power & energy generation plants. Hence SF6 is majorly driven by power & energy generation industry and is projected to continue the trend through 2029.

sulfur hexafluoride market value in key countries

Key Takeaways of Sulfur Hexafluoride Market Study

  • Role of sulfur hexafluoride in developing electronic circuits is the growth engine of the market.
  • Chemical inertness, non-toxicity, high density, and high dielectric strength are highly sought-after attributes of sulfur hexafluoride.
  • Electronic grade sulfur hexafluoride contributes substantially to the overall demand.
  • Asia Pacific carves out approximately 45.8% revenue share in the global sulfur hexafluoride market.
  • Europe will exhibit relatively sluggish market growth owing to stringent government regulations.
sulfur hexafluoride market share analysis by region

Asia Pacific Accounts for 45.8% Share in Sulfur Hexafluoride Market

On account of enormous regional population, power and energy demand is soaring in Asia Pacific. Being a leading end-use application of sulfur hexafluoride, power & energy generation industry is supporting the growth of regional market. Hence, Asia Pacific sulfur hexafluoride market garnered approximately 45.8% market share in 2018.

The sulfur hexafluoride market is Europe will relatively be slow during the forecast period owing to environmental implications associated with the product. Moreover, stricter norms set down by governing bodies are limiting the sulfur hexafluoride market growth in the region. However, improved sustainable practices in certain domestic markets such as the United States will contribute to steady market growth in the country.

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Sustainable Practices Remain Key Agenda of Industry Leaders

Some of the key players featured in this FMI study include, but are not limited to, Advanced Specialty Gases, Air Liquide, Electronic Fluorocarbons, LLC, Axcel Gases, American Gas Products, Solvay S.A., Praxair Technology, Inc., Honeywell International, Fujian Shaowu Yongfei Chemical Co. Ltd., Air Products and Chemicals, Inc., Chengdu Kemeite, Concorde Specialty Gases Inc., and Liming Research Institute.

The global sulfur hexafluoride market is fragmented in nature.  Reusing sulfur hexafluoride and incorporating latest technology is the key forte of market leaders. For instance, Solvay reclaims and reuses sulfur hexafluoride gas worldwide to comply with stringent environmental norms. Other players opt for collaborations to strengthen their market presence.

Sulfur Hexafluoride Market: Segmentation

The global sulfur hexafluoride market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Grade

  • Technical
  • Electronic

By Application

  • Electrical Transmission and Distribution
  • Semiconductor Manufacturing

By Region

  • North America
  • Latin America
  • Europe
  • MEA
  • Asia Pacific

Vegan Cheese Market Strategic Assessment and Forecast Till 2028

The global vegan cheese market size was valued at US$ 2,148.7 Mn in 2019. It is forecast to exhibit at a CAGR of 8.6% between 2019 and 2028. Rising disposable income of consumers, coupled with their willingness to spend on premium products, will aid the expansion of the market, finds Future Market Insights in a report, titled “Global Vegan Cheese Market Analysis and Forecast, 2019–2028.” The report examines the factors influencing the market from a global as well as regional perspective. It discovers hidden opportunities for the leading market players. In addition to this, the report identifies the chief growth drivers, restraints, and opportunities.

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Some of the key takeaways from the report are:

  • The expansion of plant-based food industry will support the growth of the vegan cheese market. With the demand for plant-based alternative rising, the market is likely to report impressive growth through the course of the forecast period.
  • In terms of distribution channel, the vegan cheese market is broadly categorized into direct and indirect sales channels. Of these, the indirect sales segment holds dominant vegan cheese market share.
  • Among indirect sales segments, convenience store is likely to emerge as the most attractive segment.
  • Among product types available in the market, the demand for mozzarella vegan cheese is expected to remain high owing to its versatility of use in different recipes.
  • On the basis of source, the almond milk segment is forecast to witness highest growth.

“Leading players are focusing on expanding their geographic presence, besides launching novel products to gain competitive advantage. In addition to these, several companies are offering cost-effective products to woo their consumers.”

Rising Incidence of Lactose Intolerance to Fuel Demand for Vegan Cheese

A considerably large section of population around the world is lactose intolerant. People with lactose intolerance can rarely enjoy delicacies prepared with milk or milk-derived ingredients. It is due to this that the demand for vegan cheese is on a rise. Vegan cheese is a plant-based dairy alternative, particularly suitable for those suffering from lactose intolerance. Against this backdrop, an increasing number of hotels, restaurants, and cafes have started introducing vegan cheese in their menu to attract consumers who prefer vegan diets and those who are lactose intolerant.

Increasing Disposable Income of Consumers Supports their Purchase Decision

In the last couple of years, consumers’ willingness to spend on exotic and humane plant-based diet has greatly increased. In addition to this, a stable increase in the demand for novel food alternatives is noticed. They are motivated by various advertisements and campaigns to obtain essential nutrients from plant-based alternatives, and this decision is supported to an extent by their increasing disposable income.

Who is winning

Despite witnessing impressive growth opportunities, lack of awareness is a key factor limiting the market’s expansion in developing and underdeveloped regions. As a result of this, conventional dairy products continue to remain popular in several potentially lucrative markets. This is a chief factor restraining the market’s expansion.

Nonetheless, the market players are likely to overcome this challenge as they invest in marketing strategies besides innovating healthier and more cost-effective vegan cheese. Also, concerns pertaining to animal welfare is expected to tip scale in favour of veganism, in turn bolstering growth opportunities for the vegan cheese market.

Some of the leading players operating in the vegan cheese market are Daiya Foods, Inc., Follow Your Heart, Go Veggie, Parmela Creamery, Kinda Co., Bute Island Foods Ltd., Vtopian Artisan Cheeses, Kite Hill, Miyoko’s Kitchen, Vermont Farmstead, and Good Planet Foods.

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Get Valuable Insights into Vegan Cheese Market

Future Market Insights, in its new report, presents an unbiased analysis of the global vegan cheese market, covering historical demand data and forecast figures for the period between 2019 and 2028. The study divulges compelling insights into growth witnessed in the market. In terms of product type, the market can be segmented into mozzarella, parmesan, cheddar, cream cheese, ricotta, and others. On the basis of form, it can be classified into shreds, blocks and wedges, and slices. Based on source, the overall vegan cheese market share can be categorized into almond milk, coconut milk, cashew milk, soy milk, and others. In addition to these, food processing, food service/ HoReCa, and household/ retail are the key end-use segments studied in the report. Furthermore, the report bifurcates the market into organic and conventional in terms of nature. On the basis of sales channel, the market covers direct sales, indirect sales, and online retailers. Regional, the global market encompasses North America, Latin America, Western Europe, Eastern Europe, Japan, APEJ, and the Middle East and Africa.

 

Sodium Silicate Market expected at a CAGR of ~ 3% & US$ 5.6 Bn during the forecast period 2019–2029

Global sodium silicate market will grow gradually at 3% CAGR between 2019 and 2029. Sodium Silicate products will witness an uptake in sales on the back of eco-friendly properties of the compound. Market players are innovating end-use applications that cater to the need for viable alternatives of conventional adhesives, binders, and cleaning agents.

Sodium silicate manufacturers can earn profitable revenues by leveraging opportunities presented by prevalence of environment efficient rubber tires, wastewater treatment, and soil stabilization. Market players are developing products for untapped industries such as welding, agriculture, and food.

Sustainable Manufacturing Trends Propel Sodium Silicate Market

Silica manufacturing from sodium silicate will lead sodium silicate market share on the back of multiplying demand for silica products such as quartz, and precipitated silica. Other application types considered for the sodium silicate market study are detergents, catalysts, pulp & paper, elastomers, food & healthcare, and others. Increments in disposable income of millennial consumers is increasing awareness and emphasis on cleanliness and hygiene.

Rising environmental concerns impel a manufacturing shift among paper and pulp manufacturers to adopt eco-friendly raw materials. Similarly, water treatment and soil stabilization applications employ sodium silicate as a cleaning agent and pH stabilizer. Collectively, these factors will bolster demand for sodium silicate during the forecast.

sodium silicate market value share in key countries

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Key Takeaway of Sodium Silicate Market Study

  • Sodium Silicate market is valued at US$ 5.6 Bn in 2018 growing at a lackluster CAGR during the forecast period.
  • Asia Pacific (APAC) holds a major market share with more than 53% of the total market value. India, a developing economy in APAC is expected to grow at a promising 5% CAGR from 2019 to 2029.
  • Amid resurgent infrastructure industry and growing demand for green-alternatives, demand from the US will grow at an astounding 12% CAGR through the end of 2029.
sodium silicate market share analysis by region pr

Infrastructure Impels Future Demand Growth

Major manufacturers of sodium silicate are involved in research and development of products, mergers, acquisitions, and expansion of global footprint via strategic stakeholder partnerships. APAC reigns supreme with share-wide dominance, attributable to surge in demand for end-use industry products that employ sodium silicate such as rubber tires, water treatment, and construction. North America offers lucrative growth opportunities where the US exhibits a double digit 12% CAGR during the forecast period.

Recovering infrastructure in the US propels regional growth during the forecast period. European countries such as Germany is driven by increasing demand for compound in pulp & paper, healthcare, and elastomer filler for rubber tires. Emerging economies in Latin America and MEA are following the footsteps of early adopters with infrastructure development and proactive environmental consciousness.

Sodium Silicate Market: Segmentation

The global sodium silicate market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Application

  • Silica Manufacturing
  • Detergents
  • Catalysts
  • Pulp & paper
  • Elastomers
  • Food & healthcare
  • Others (coating, agriculture, etc.)

By Region

  • North America
  • Latin America
  • Europe
  • MEA
  • Asia Pacific

Pet Insurance Market expected at a CAGR of ~ 8.5% & US$ 15 Bn during the forecast period 2019–2029

The global pet insurance market size is expected to reach ~US$ 15 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~8.5% between 2019 and 2029. According to the report, the rising number of pet ownership, increase in awareness about pet insurance and associated health benefits of pet ownership will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the pet insurance market. Some of these are:

  • The estimated value of the market was at ~US$ 4 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, North America dominates the pet insurance market globally.
  • Latin America emerges as one of key markets owing to high pet ownership in the region.
  • Dogs and Cats segment hold the highest value share in pet insurance market.
  • ‘Accident & illness’ coverage option comes out as the most preferred type of pet insurance among pet owners
  • Key players are likely to focus on new service offerings to stay relevant in developed markets.
global pet insurance market regional analysis

Growth in Pet ownership and Selling Techniques of Companies to Create Opportunity for Expansion

Rise in number of companion animals, increase in awareness about pet insurance, growth in pet ownership propels the growth of the pet insurance market. The Pet health insurers offer different plan options or tiers with varying policy limits which also attracts pet owners towards pet insurance. However, high cost of pet insurance policies, lack of awareness among consumers, and government regulation limits the growth of the market. Marketing strategies adopted the insurance companies include online marketing, veterinary clinics, pet stores, shelters and animal support and rescue organizations or word of mouth referrals which also fuel the pet insurance market for further growth. Furthermore, largely untapped market with extremely low penetration rates is expected to provide numerous opportunities for the pet insurance market.

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Accident & Illness Policy Coverage Fuels Demand for Pet Insurance

Pet insurance which is becoming a norm of most of the developed countries. Pet insurance market is gaining traction by the accident & illness insurance policy as it provides both accident and illness coverage. Rapidly increasing consumer’s awareness on pet’s diseases, rising veterinary costs and marketing efforts of industry operators have caused consumer acceptance in the pet insurance market.

Who is Winning?

Some of the leading players operating in the pet insurance market are Figo Pet Insurance LLC., Embrace Pet Insurance Agency LLC, Hartville Group, Health for Pet, Hollard, Oneplan, Petfirst Healthcare LLC, Protectaplan, Petplan Limited, Trupanion, Inc., Nationwide Mutual Insurance Company., Anicom Holdings Inc, Pethealth Inc., Royal & Sun Alliance Insurance Company of Canada, Inc., Direct Line Insurance Group plc, Petsecure, Healthy Paws, 24PetWatch etc. As a result of increasing competition, companies are focusing on expanding their product portfolio. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

  • In March 2019, CareCredit, LLC, a healthcare financing company of Synchrony Financial, had acquired a Idaho based pet insurance company Pets Bestto to expand its current product/service offering
  • In Dec 2019, MetLife Inc. had acquired Jeffersonville-based company PetFirst to enter into pet insurance market

Market Segmentation

The global pet insurance market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Policy Type

  • Accident
  • Accident & Illness

End User

  • Dog
  • Cat
  • Horse
  • Exotic Pets
  • Others

Region

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

Ready to Drink Shake Market expected at a CAGR of ~ 6% & US$ 9 Bn during the forecast period 2019–2028

The estimated revenue generated from the global ready-to-drink shakes market is US$ 9 Bn in 2019, and is projected to reach US$ 16 Bn by 2028. The market is therefore projected to rise at a CAGR of ~6% between 2020 and 2028.

Globally, functional drinks are sought after for their high protein content and their demand is likely to rise steadily over the forecast period. A key factor resulting in increasing consumption of functional drinks is the increase in the consumer spending power, especially in developing nations. Ready-to-drink shakes which constitute a category of functional drinks are available in various flavours for retail sales in the global market. Some of these flavours are chocolate, banana, strawberry, among others. The global market of ready-to-drink shakes is analyzed on the basis of various flavours. These products are available for sale in different packaging forms, like bottles, tetra packs/cartons, and cans, which offers heightened convenience. Ready-to-drink shakes are meeting the current health and wellness demand in such a way that the drinks offer high protein amount with added specialty health ingredients.

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Key Takeaways from the Ready to Drink Shake Market Study

  • Obesity is one of the strong issues faced by countries such as the U.S., Canada, Australia, U.K., etc. Ready-to-drink shakes are consumed as a meal replacement to achieve the weight management by restricting the calorie intake.
  • Due to the increased prevalence of the diseases and subsequently rising trend of health and wellness, ready-to-drink shakes market is expected to witness positive growth over the forecast period.
  • Ready-to-drink shakes are being increasingly opted by fitness enthusiasts and athletes, since it allows avoiding the hassle of the mixing of protein powder in the liquid of choice and also the wait.
  • Although, ready-to-drink shakes promise excellent results for gym goers and fitness enthusiasts, the product is still in the introductory phase in developing economies and economies are in transition stage. Therefore, because of the premium nature of the product and its expensive price, the market penetration may get hindered in emerging countries.

Ready to Drink Shake Market

Easy Availability and Increasing Penetration of Manufacturers and Sellers of Ready-to-Drink Shakes to Positively Impact Growth

Due to the increase in the preference for e-commerce platforms for transaction and shopping, the market reach out of the ready-to-drink shakes is anticipated to increase in the developed and developing economies. The boom in the IT sector has led to the development of the various new and easy ways of the transactions and shopping across various domains. The food and beverage industry is also driven by the increased use of the e-commerce platforms, since consumers have top priority for convenience and ease of doing business. Likewise, e-commerce platforms have enthralled the potential buyers of ready-to-drink shakes due to the easy and increased availability of the products, even in remote areas. Ready-to-drink shakes sales across e-commerce platforms are anticipated to rise over the forecast period and likely to be one of the drivers of the market growth.

Who is winning?

Some of the key players operating in the Ready to Drink Shake market are Nestlé S.A, Starbucks Corporation, PepsiCo Inc., Monster beverage Co., Lotte Chilsung Beverage Co., The Coca-Cola Company, The J.M Smucker Company, Bolthouse Farms, Inc., Arla Foods amba, Atkin Nutritionals Inc. and others.

  • In 2017, Nestlé acquired an Oakland-based coffee roaster and retailer, ‘Blue Bottle Coffee, Inc.’, to expand its market in the region.
  • In 2017, Nestlé expanded its ready to drink product range in Asia Pacific, majorly in India, Thailand, and Nigeria, by offering healthy on the go beverages for younger people, which included sugar reduced Nesquik and Milo Activ Go.

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READY TO DRINK SHAKE MARKET TAXONOMY

The global ready to drink shake market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Nature

  • Organic
  • Conventional

Packaging Type

  • Bottles
  • Tetra Packs/ Carton
  • Cans

Flavour

  • Chocolate
  • Banana
  • Strawberry
  • Vanilla
  • Others

Distribution Channel

  • Supermarket/Hypermarket
  • Online Retail
  • Specialty Stores
  • Convenience Stores
  • Other Retail Formats

Region

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • Middle East & Africa

Service Lifecycle Management Application Market Size 2021 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2030

A new informative report titled as “2020 Analysis and Review of Service Lifecycle Management Application Market by Software Type – Cloud-based Software and Web-based Software for 2020 – 2030” provides estimations of the size of the market and share and size of key regional markets during the historical period of 2015 to 2020. The study provides projections of the opportunities and shares, both vis-à-vis value and volume (n units), of various segments in the Service Lifecycle Management Application market during the forecast period of 2021 to 2027. The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, top key companies Ricoh Co. Ltd., Fuji Xerox Co., Ltd., Iron Mountain Incorporated, Max BPO, Symcor, Hewlett-Packard Co., Lexmark International Inc., Invensis Technologies Pvt. Ltd., Suma Soft Private Limited, Nimble Information Strategies Inc. and others and the competitive landscape of the Service Lifecycle Management Application market.

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The global service lifecycle management application market is anticipated to register a CAGR of 7.8% during the forecast period. The global service lifecycle management application market is estimated to be valued at US$ 1288.9 Mn by 2016 end and is expected to reach US$ 2730.8 Mn by 2026, projecting a CAGR of 7.8% between 2016 and 2026.

Impact of COVID-19 on Service Lifecycle Management Application Industry: The COVID-19 pandemic has brought to light some valuable experiences for businesses. Working remotely, through cloud-based platforms, has been an essential aspect of the pandemic to ensure business continuity. This is projected to result in soaring demand for cloud-based software in the global service lifestyle management application market.

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Market Segmented are as Follows:

By Service Based Model

  • Field Based Model
  • Depot Based Model
  • Dealer Based Model
  • Performance Based Model

By Solutions

  • Field Based Model
  • Depot Based Model
  • Dealer Based Model
  • Performance Based Model

By End-use Industry

  • Automotive & Transportation
  • Aerospace & Defense
  • Medical Equipment
  • High Technology
  • Telecommunications
  •  Industrial Machinery & Equipment

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2021-2030) of the following regions:

  • Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  • Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  • North America (the United States, Mexico, and Canada.)
  • South America (Brazil etc.)
  • The Middle East and Africa (GCC Countries and Egypt.)

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Executive Education Program Market expected at a CAGR of ~ 11.2% & US$ 37.8 Bn during the forecast period 2021–2031

As per a detailed study by FMI, the global executive education program market is expected to surpass US$ 37.8 billion in 2021. Surging demand for professional courses and in-personal programs to up skill professionals is favoring the sales. On account of this, the market is expected to total US$ 109.6 billion by 2031, expanding at an impressive CAGR of 11.2% over the forecast period 2021-2031.

Rapid expansion of the corporate sector has resulted in intense competition among employees. This has bolstered the demand for executive education programs for acquiring new skillsets to tackle the dynamic challenges and keep up with dynamic changes in their respective fields. Driven by this, the sales of the executive education program are anticipated to register a year-on-year growth of 10% in 2021.

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The corporate sector and schools are increasingly focusing on offering flexible and online executive learning programs to capitalize on the rapidly changing working environment. For instance, The Wharton School offers over 45 live online courses, programs, and asynchronous certifications for immediate business impact. A multiplicity of such developments are anticipated to propel the demand for executive education programs at 4% between 2020 and 2021.

As per FMI, online learning is projected to emerge as the most preferred mode of learning, exhibiting sales growth at a staggering CAGR of 13.7% through 2031. Increasing adoption of online courses by employees and managers owing to its convenience is an attribute favoring the segment growth.

projected bps change in market share for key segments in global executive education program market 2021 2031

Key Takeaways from Executive Education Program Market Study

  • The U.S., home to some of the best and leading business schools, is estimated to account for more than 76.4% of the market share in North America through 2031.
  • The U.K. is projected to emerge as one of the leading markets in Europe, accounting for over 26.2% of the total sales in the region by 2031 end.
  • Australia is anticipated to dominate the Oceania market, accounting for more than 52% of the overall regional revenue share in 2021.
  • 1-week to 1-month duration courses is expected to remain highly sought-after, holding nearly 46.3% of the global demand through 2021.
  • On the basis of course type, finance & accounting courses are forecast to hold a notable revenue share, accounting for over 32.8% of sales in 2021.

Key Drivers

  • Increasing adoption of cutting-edge technology and rising penetration of e-commerce across numerous domains are compelling employees in the corporate and banking sector to upgrade their skills, which is in turn, driving the market.
  • Rising adoption of smartphones, growing internet penetration, integration of novel technologies in teaching patterns, and accessibility to global content are collectively facilitating the growth of the online learning segment.

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Key Restraints

  • Lack of self-motivation and unavailability of time amongst managers and senior-level executives are hampering the market growth.
  • High cost of individual and private courses is hindering the sales of executive education programs across individual and private learner segments.

Competitive Landscape

As per FMI, The Harvard Business School, Columbia University, MIT Sloan School of Management, Stanford Graduate School of Business, are leading companies in the executive education program market and are expected to cumulatively account for nearly 51.0 % of the global value share.

Key players are aiming at adopting strategies such as new product launch, strategic collaborations, agreements, and partnerships with other companies to expand their product portfolio for addressing the demand of an expanding pool of consumers. For instance,

  • In 2019, Stephen M. Ross School of Management, an educational institute based in the U.S., offers Executive MBA Program in two locations: Los Angeles and Ann Arbor. The institute received 5th ranked for its executive education by Financial Times in 2019.
  • In 2020, Harvard Business School announced introducing online programming, including both modules – short duration programs, such as Leading Difference for High Performance, and longer topic-focused programs, such as the General Management Program.

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Some of the key players operating in the market profiled by FMI are:

  • Harvard Business School
  • Columbia University
  • MIT Sloan School of Management
  • Stanford Graduate School of Business
  • Baruch College
  • Wharton School of Business
  • UCLA Anderson School of Business
  • Kellogg School of Management
  • Stephen M. Ross School of Management
  • The University of Chicago Booth School of Business
  • The University of Texas at Austin
  • Cornell SC Johnson
  • Rotman School of Management
  • Ted Rogers
  • UBC Sauder School of Business
  • Durham University – Business School

More Valuable Insights on Executive Education Program Market

FMI, in its new report, offers an unbiased analysis of the global executive education program market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in executive education program market with detailed segmentation:

By Program Type:

  • Customized Programs
  • Pre-designed Programs

By Leadership Level:

  • Business-Owners
  • Junior/ Entry-level Employees
  • Managers
  • Mid-level Employees
  • Senior Executives

By Type of Learner:

  • Group/ Small Team Learners
  • Individual/ Private Learners

By Mode of Learning:

  • In-Person Learning
  • Online Learning

By Duration:

  • Less than 1 Week
  • 1 Week to 1 Month
  • More than 1 Month

By Type of Courses:

  • Management & Leadership
  • Finance & Accounting
  • Strategic Leadership & Innovation
  • Marketing & Sales
  • Business Operations & Entrepreneurship
  • Others

By Industry Type:

  • Consumer Products & Retail
  • Energy & Transportation
  • Financial Services
  • Healthcare & Pharmaceuticals
  • Manufacturing & Industrials
  • Others
  • Professional Services
  • Technology & Communications

By Region:

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

Technical Textiles Market expected to reach US$ 183 Bn & ~ 4.60% CAGR through 2021-2031

Global technical textile demand continues to touch historic lows, but technical textiles are showing resilience, raising hopes of a quick recovery in 2021. An updated edition of the study by Future Market Insights (FMI) which also tracks the COVID-19 impact on the market offer insights on how demand will evolve during 2020-2030. Technical textiles have been among the rapid growth areas of the textile industry that are commonplace, from gym gear and sportswear to car seats and airbags. The global market for technical textiles, in particular, is receiving huge impetus from the unprecedented rise in demand for functional fabric for monitoring safety and operations in the industrial sector.

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The textiles industry is highly diversified, satiating a broad range of domains ranging from conventional handloom products to wool, cotton, and silk products and containing products that stretch through natural and artificial fiber, apparel, and yarn.

Technical textiles are poised to play a vital role in transforming the textile industry, owing to their diverse applications across several end-use sectors including, infrastructure, construction, automobile, aviation, healthcare, and defense.

Technical Textiles Market Size Study

  • Market to grow at healthy CAGR through 2030
  • Mobiltech accounts for leading revenue share
  • Governments in various regions to provide taxation incentives on import of technology, and training assistance over marketing and operations
  • Rising sustainable concerns to fuel demand for technical textiles in water treatment, and erosion protection in coming years
  • North America and Europe to offer lucrative growth prospects, given strong adoption of advanced technologies

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COVID-19 Impact on Technical Textiles Market

While the technical textiles market has been facing the rippling effects of the COVID-19 pandemic, the market growth is stimulated by the need to help deliver personal protective equipment (PPE) as various hard-hit countries are confronting an acute shortage of disposable PPE for front-line medical workers.

As the battle against the OCIVD-19 crisis persists, demand for necessary face coverings continues to soar. The opportunity to create an impact in the battle against the public-health crisis and to help in improving the safety of communities has offered a new meaning to businesses, and operations in the technical textiles market.

Case in point, Berry Global Group Inc. is delivering prominent healthcare and consumer brand firms across the world to manufacture products on a large scale to tackle the contagion of COVID-19.

In the US, the company has scaled up its capacity to provide maximum output on the ground of rising demand for healthcare products such as materials for face masks and hard surface disinfectant wipes.

Moreover, in Europe, the company is operating its meltblown lines round the clock to develop materials for face masks and other healthcare purposes including, materials leveraged in blood filtration.

Technical Textiles Market – Competition Intelligence

In a bid to maintain their competitiveness in the global landscape, leading manufacturers are entering into acquisitions of their peers.

  • Vitruvian Group has acquired Ahlstrom-Munksjö’s fiber-optic reinforcement business. This acquisition is likely to boost the company’s product portfolio
  • Freudenberg & Co. KG has taken over 100% shares of Low & Bonar PLC. With the latter’s innovative technology, the company is slated to further extend its technological expertise
  • In addition, Freudenberg & Co. KG has acquired 100% shares of Filc, which develops laminated materials and needle punch nonwoven textiles with a focus on the construction and automotive industries

Key Questions Answered in the Report

  • What is technical textiles’ market size?Driven by increasing demand for advanced and safe material, the technical textiles market size is forecast to reach US$ 183 Nn in 2021 with a CAGR of 4.6%.
  • At what rate did the technical textiles market expand in the last five years?Between 2016 and 2020, the technical textiles sales grew at 2.50% CAGR.
  • What are the key trends shaping the technical textiles market?Strategic mergers and acquisitions between market players to enter new markets and expansion of production facilities to cater to the rising demand are a few of the key trends shaping the technical textiles market.
  • Who are the key exporters of technical textiles across the globe?USA, China, and India are the leading exporters of technical textiles in the world.
  • What is the North American technical textiles market outlook?Demand registered in North America will continue rising, backed by increasing production and export of technical textiles from the U.S. and Canada, the North American market is anticipated to expand at 2.60% CAGR during the forecast period.
  • Who are the leading companies in the technical textiles market?Freudenberg & Co. KG, Milliken and Company, Arville, DuPont, and 3M are the top companies operating in the market.
  • What is the cumulative share of top companies in the technical textiles market?The cumulative market shares of top players operating in the technical textiles market are around 20% to 30% in 2021.

To Know More About Technical Textiles Market:

A new market research report published by Future Market Insights (FMI) on the global technical textiles market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the technical textiles market through three different segments – application, process type, and region. The technical textiles market report also provides an extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of technical textiles and product adoption across several end-use industries.

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About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analyses about the chemicals & materials industry. Coverage of the chemicals and materials market extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.