Home Care Services Market is slated to grow at a CAGR of 9% during 2022-2032

Home Care Services Market Overview

The home care services market is slated to grow at a CAGR of 9% during 2022-2032.

“Demand for private home care services for maid will remain high as individuals working in dual working households find it difficult to manage work and home together.”

Over the years, the home care services market has grown exponentially on account of demand from the baby boomers generation. Most people are comfortable in their own homes and leaving their comfort zone to receive treatment or care in a facility seems like a daunting task for many. Many elderly people who have lived their entire lives at their homes find it difficult to adjust to a new institution/facility and this is where home care services have emerged as a credible alternative.

Demand from Baby Boomers Will Fuel the Demand for Home Care Services Market

The global home care services market is projected to grow at a healthy rate through 2020. Rise in the baby boomers population around the world is projected to be the key driver for the growth of the global home care services market. Also, awareness about the benefits of receiving home care is further expected to propel the growth of this market.

Home Care Services: Market Segmentation

Home care services can be broadly segmented into health and non-health home care. Home health care services include diagnostic and monitoring services, medical supplies, and therapeutic services. It is projected that home healthcare services market will witness a single-digit CAGR through 2020. The non-health home care services segment includes personal hygiene care and companionship services. Personal hygiene segment further includes cooking and housekeeping, grocery shopping, and bathing and grooming assistance.

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Key Drivers and Regions for the Global Home Care Services Market

Asia Pacific, the U.S. And Western Europe are projected to be the key regions for the growth of the global home care services market. The burgeoning elder population in Asia Pacific, especially in densely populated countries of India and China is expected to fuel the demand for the home care services market. The easy availability of home care service providers and increase in chronic diseases are projected to be the reasons that will fuel the global home care services market. The cost effectiveness of home care services is anticipated to augur well for the growth of the home care services market in Western Europe.

Key Challenges for the Global Home Care Services Market

Lack of trained workers remains a key challenge for the growth of the global home care services market. The leading companies in the global home care services market have stringent hiring procedures and they focus on imparting the right training to their staff. However, new entrants in the market are lax about the history of the workers and they do not have the resources or the budget to train them. This remains a key challenge for the growth of the global home care services market.

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Key Players in the Global Home Care Services Market

The prominent home healthcare service provider companies are Apria Healthcare Group (U.S.), Alere, Inc. (U.S.), Fresenius Se & Co KGAa (Germany), GE Healthcare (U.K), and B. Braun Melsungen AG (Germany). These companies have registered their presence among the consumers and it is projected that during the forecast period, these companies will further consolidate their position.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Conveyor Belt Market: Notable Developments & Geographical Outlook

Conveyor belts are primarily employed for carrying objects from one point to another. The material to be transported is placed on the belt and is carried to the end point on the belt. The two main industrial classes of belt conveyors are general material handling and bulk material handling. General material handling are those used to move boxes along inside a factory while bulk material handling are used to transport large volumes of resources and agricultural materials such as grain, salt, coal, ore and sand.

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Middle East conveyor belts market is projected to register a healthy CAGR of 4.3% in terms of value during the forecast period (2016–2026). This is mainly attributed to various factors, regarding which FMI offers detailed insights in its report.

Market Segmentation

On the basis of product type, Middle East conveyor belts market has been segmented into metal-reinforced rubber conveyor belt, fabric-reinforced rubber conveyor belt and plastic conveyor belts. Metal-reinforced rubber conveyor belt segment has been estimated to account for 27.3% value share of the market in 2015 and is expected to register a CAGR of 4.6% over the forecast period.

By cover type, Middle East conveyor belts market has been segmented into conductive conveyor belt, abrasion-resistant conveyor belt, heat- and flame- resistant and oil-resistant conveyor belts. Conductive conveyor belt segment has been estimated to account for 13.5% value share in 2015 and is expected to register a CAGR of 5.7% over the forecast period.

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On the basis of application, Middle East conveyor belts market is segmented into mining, food production industry, commercial, construction industry, electricity generating stations, automotive industry, chemical & fertilisers and packaging industry; among these, mining segment has been estimated to account for value share of 22.9% in 2015.

By weight, Middle East conveyors belts market is segmented into lightweight, medium-weight and heavyweight; among these, medium-weight segment has been estimated to account for value share of 49% in 2015, which is projected to increase to 49.5% by 2026. In Middle East conveyor belts market, lightweight segment is projected to exhibit the highest CAGR of 5.0% over the forecast period.

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Key Players
Middle East conveyor belt market include:
Al Kuwaiti Industrial Solutions, Arabian Universal, Bridgestone Corporation, ContiTech AG (Continental AG), Derby Conveyor Belts Industry and Trade Inc., FaBa Commercial Services, Fenner Dunlop Conveyor Belting, Kale Conveyor, Phoenix Conveyor Belts Systems GmbH, Schieffer Magam Industries Ltd., Semperit AG Holding, Ziligen A.S., Major participants are focusing on collaborations and partnerships with service providers to enter into new markets. These key players are also focusing on expanding their offerings and provide end-to-end solutions, which include conveyor belt manufacturing, service and maintenance.

Global Water Softening Systems Market Is Anticipated To Expand At A Robust 6.5% CAGR Between 2021 And 2031

As per ESOMAR-certified consulting firm Future Market Insights (FMI) recent market survey, the global water softening systems market is anticipated to expand at a robust 6.5% CAGR between 2021 and 2031, surpassing a market valuation of US$ 10.82 Bn in 2021.

Water softening systems demand outlook remains positive, with the market size projected to expand at a robust 6.5% CAGR over the assessment period. Awareness regarding water quality and policies favoring implementation of advanced technologies will create a conducive environment for growth.

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Key Points Covered in Water Softening Systems Market Survey
  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Water Softening Systems Market and how to Navigate
  • Recommendation on Key Winning Strategies

Key trends shaping the water softening systems market include product innovations in the systems associated with high efficacy, technological advancements, and durability, along with growing concerns regarding water contamination across the globe.

Increasing adoption of water softening systems due to excessive mineral composition in water will drive sales in developed countries such as the U.S., the U.K., Germany, and Italy. The presence of leading market players will also augment market growth during the forecast period.

Growing awareness regarding water quality and government-led initiatives such as smart cities, coupled with non-governmental initiatives for promoting water sanitation and public health will generate demand in emerging markets including India, China, South Korea, and Brazil.

Application will continue increasing in the residential sector. FMI sees impressive prospects for non-electric water softening systems sales across households. Government policies adopted towards making clean water available for all will continue aiding sales growth in this segment.

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Competitive Landscape

EcoWater Systems LLC, Culligan International Company, Kinetico Incorporated, Hydroflux, Envicare Technologies Pvt. Ltd., Wychwood Water Systems Ltd., Harvey Water Softeners Ltd., Pelican Water Systems, BWT AG, Marlo Incorporated, Monarch Water Ltd., Qingdao Haier Co., Ltd., Atlas Filtri, Watts Water Technologies Inc., Feedwater Limited and Canature Health Technology Group Co Ltd. are among the top manufactures in water softening systems market, as profiled by FMI.

Water Softening Systems Market Historic Sales Compared to 2021-2031 Forecast Outlook

As per FMI’s analysis, demand for ultra-soft water softening systems visibly grew due to soaring concerns pertaining to water contamination across the globe. However, amid the COVID-19 outbreak, sales reduced to an extent, especially on account of restrictions imposed on movement, which halted product installation in various residential, commercial, and industrial spaces.

However, growth is on the cards, with sales of salt-free water softening systems and increasing shift towards electrification and automation of industrial filtration systems and water treatment equipment, emerging as key trends in the market.

Government initiatives in collaboration with water supply management authorities that are aimed to establish a reliable supply chain will foster sales in the market. FMI forecasts water softening systems sales to grow by 6.5% CAGR between 2021 and 2031, as against growth at 4.7% registered between 2016 and 2020.

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Water Softening Systems Market by Category

By Operation Type: 

  • Electric
  • Non-Electric

By Application Type:

  • Residential
    • Salt-based
    • Salt-free
  • Industrial
  • Commercial

By Design:

  • Mono Cylinder
  • Twin Cylinder
  • Multi-Cylinder

By Region: 

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (MEA)

Fifth Wheel Coupling Market stands grow at 5.7% CAGR between 2021 and 2031

Fifth Wheel Coupling Market Snapshot

[375 Pages Report] Sales in the fifth wheel coupling market stands to grow at 5.7% CAGR between 2021 and 2031 in terms of value. Volume demand is estimated to grow at a CAGR of 5.3% over the forecast period. As per Future Market Insights (FMI), the fifth wheel coupling market represents 4% of the semi-trailer market.

Demand in the construction and mining industries will enable growth in the market. Transportation demand is expected to increase as the mining and petrochemical industries expand, particularly in Europe and the Middle East & Africa. This will fuel the demand for fifth wheel coupling for cost-effective goods movement, as well as increased safety and productivity.

Due to the use of new tech to increase product quality and ensure compliance with government rules and policies with regards to emission-control standards, automotive fifth wheel couplings are in high demand. The use of enhanced material tech in the production of automobile components increases component load capacity and strength.

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These improvements enable fuel efficiency in vehicles. Furthermore, automotive fifth wheel couplings are relatively small in weight, making them perfect for improving vehicle durability and performance. Fifth wheel connectors are likely to be used by manufacturers to improve fuel economy.

Driven by these developments, the fifth wheel coupling demand will surge in the automotive sector. With focus on emission control expected to skyrocket in the coming years, sales in the fifth wheel coupling market has been projected to surpass US$ 1.0 Bn by 2031.

Key Takeaways from Market Study

  • By product type, semi oscillating fifth wheels are expected to account for the dominant share of more than 55% in the global market.
  • By operation, mechanical segment is expected to continue leading, accounting for sales of more than 60%.
  • By capacity, between 20 to 30 tons segment will dominate the market with more than 40% share.
  • By material, cast steel is projected to dominate the market with a share more than 30%.
  • By region, East Asia is expected to have the largest share in the market accounting to more than 30% of sales.

 “Advancements in materials to produce lightweight and high capacity fifth wheel coupling, high rate of urbanization, trade liberalization among countries, and increasing popularity of semi-trailers for moving cargo will drive the fifth wheel coupling market,” says a Future Market Insights analyst.

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Key Market Segments Covered

Product Type:

  • Compensating
  • Semi Oscillating
  • Fully Oscillating

Operation:

  • Hydraulic
  • Pneumatic
  • Mechanical

Capacity:

  • Below 20 tons
  • Between 20 to 30 tons
  • Between 30 to 45 tons
  • Above 45 tons

Material Type:

  • Cast Steel
  • Cast Iron
  • Fabricated Steel
  • Aluminum
  • Others

Sales Channel:

  • OEM
  • Aftermarket

Region:

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

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Fifth Wheel Coupling Market Competitive Landscape

Some of the leading players operating in the market are JOST Werke AG, SAF Holland, Foshan Yonglitai Axle Co., Ltd., Xiamen Wondee Auto parts Co., Ltd., Zhenjiang Baohua Semi-Trailer Parts Co. Ltd, Guangdong Fuwa Engineering Group Co., Ltd., Tulga Fifth Wheel Co., Sohshin Co. Ltd, Fontaine Fifth Wheel, RSB Group, Hunger Hydraulics Group, ACCL (PL Haulwel Trailers), Titgemeyer Group, Shandong Fuhua Axle Co., Ltd., Land Transport Equipment Co.Ltd, CM Trailer Equipment Ltd, Horizon Global Corp and others.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Global Ultra Violet (UV) Lamps Market is Projected Expand at CAGR of 11.3% During 2014-2025

UV lamps are basic lamps that emit ultraviolet radiation with a wavelength ranging between 400 nm and 100nm. UV light is basically classified into three wavelengths: UV-A, UV-B and UV-C. This report covers UV-C, also known as germicidal UV – with wave length ranging between 100 nm to 280 nm – and its purpose is to disinfect or deactivate the DNA and RNA of bacteria, viruses and other pathogens, thus inhibiting their ability to multiply.

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Water treatment segment is further sub-segmented into municipal water treatment, residential water treatment, commercial water treatment, industrial process water treatment, pool and spa and others. Of all the sub-segments, municipal water treatment sub-segment was dominant in 2014, accounting for US$ 19.4 Mn.

Air treatment segment is further sub-segmented into healthcare facilities, residential and commercial and others. Of all the sub-segments, residential and commercial sub-segment remained dominant with 60.0% in 2014, and the trend is anticipated to continue till 2025 end.

Food and beverages disinfection segment is further sub-segmented into bottled water and other beverages, marinades and brines and surface disinfection of food. Among all these sub-segments, bottle water and other beverages sub-segment was dominant in the food and beverages segment with over 45.0% in 2014, and the trend is expected to continue over the forecast period.

Key Regions

The global UV lamps market has been sub-segmented into seven major regions which include North America, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Latin America and Middle East & Africa. APEJ dominated the market with over 30% of the overall UV lamp market share in 2014, while Eastern Europe followed with over 20% market share. In addition, APEJ is anticipated to be the fastest growing region in the UV lamp market in terms of revenue contribution.

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Key Players

Some key players identified in global UV lamp market are Xylem Inc., Calgon Carbon Corporation, Trojan Technologies Inc., Koninklijke Philips N.V., Halma PLC, Heraeus Holding Gmbh, Severn Trent PLC, Xenex Disinfection Services LLC, OSRAM GmbH and Atlantic Ultraviolet Corporation

Aircraft Exterior Lighting Market is expected to exhibit a CAGR of 3.7% over the course of the forecast period 2017–2027

Future Market Insights (FMI) has recently published a report titled “Aircraft Exterior Lighting Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2017–2027.” The report states that a progress in the aircraft industry and the growing aviation industry are the core factors impacting the growth of the global aircraft exterior lighting market. According to the analysis, the market is expected to exhibit a CAGR of 3.7% over the course of the forecast period and reach a valuation of around US$ 624 Mn by the end of 2027.

Manufacturers are concentrating on the introduction of new application-specific products in order to better address the requirements of specific aircraft. Furthermore, market players are found to be channelizing efforts towards consolidating their delivery channels while keeping focus centred on direct sales. Companies like Rockwell Collins cater to the demands of both domestic and international customers by maintaining a steady focus on R&D. However, backlog projects remain a threat for several companies. Some of the other leading companies operating in the market are United Technologies Corp., Honeywell International Inc., Zodiac Aerospace S.A., Diehl Aerospace Gmbh, Aveo Engineering Group, s.r.o., Whelen Engineering Co., Inc., Astronics Corporation, and Cobham plc.

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Expanding Fleet Sizes to Boost Demand for Aircraft Exterior Lighting

The number of air passengers has risen extensively in Asia Pacific owing to the liberalisation of markets and development in the wealth and size of the middle class. In current decades, Asia has emerged as a chief region in aviation traffic and is anticipated to remain resilient in the coming decade. The economic and monetary growth in large emerging markets such as China and India has been a primary driver for global GDP growth and further for the aviation industry as well. Over the years, China has contributed significantly to world traffic growth as its passenger growth has increased at a noteworthy rate. India’s emergence as a high-growth economy is expected to give rise to one of the largest commercial aviation markets in the coming decade. As a result, the fleet size of airline owners especially those following a low cost business model is expected to surge significantly leading to a rise in the demand for aircraft components worldwide. Consequently, the demand for aircraft exterior lighting is anticipated to intensify over the coming years.

However, stringent regulations are likely to act as a roadblock in the growth of the market in the near future. Regulations concerning pollution produced by aeroplanes will become more stringent in the coming years as most of the countries have agreed to reduce the impact of greenhouse gases. The number of aeroplanes coming to the refurbishing point will significantly decline if aircraft owners choose to retire their aircraft and buy a new fleet instead of opting for refurbishing the old aircraft, to clear regulations listed by authorities. This may negatively impact the aircraft exterior lighting market.

Aircraft Exterior Lighting Market: Segmentation

Product

  • Landing Lights
  • Anti-collision Lights
  • Position Lights
  • Other Exterior Lights

Aircraft

  • Narrow Body
  • Wide Body
  • Large Body
  • Single Aisle
  • Regional Jets
  • Helicopters
  • Air Cargo
  • Business Jets

Sales

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • South East Asia & Pacific
  • MEA
  • China
  • India
  • Japan

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Table Of Content

  1. Executive Summary

1.1. Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

  1. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Parent Market Overview

  1. Market Viewpoint

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

3.2.1. Driver

3.2.2. Restraints

3.2.3. Trends

  1. Global Aircraft Exterior Lighting Market Analysis 2012–2016 and Forecast 2017–2027

4.1. Introduction

4.1.1. Market Volume Projections

4.1.2. Market Size and Y-o-Y Growth

4.1.3. Absolute $ Opportunity

4.2. Pricing Analysis

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Original Equipment Manufacturers to Benefit from a Growing Demand from Single-aisle Aircraft

The market penetration of low-cost carriers is expected to remain high in the coming years. There are new growth opportunities via the low-cost and long-haul business mode. Liberalisation in intra-regional traffic and open skies with China would also contribute to market growth. As a result, OEMs will find a plethora of opportunities arising from this sector.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
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United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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Below 30 Hp Centrifugal Water Pump Market: Notable Developments & Geographical Outlook

The use of centrifugal water pumps for domestic and agriculture purposes makes them even more attractive. In addition, need for new water sources is expected to lead to a rise in the sales of centrifugal water pumps that carry enhanced capacity and efficiency needed for agriculture and domestic applications.

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Increasing cost of energy and growing environmental awareness among end-users are likely to drive the demand for cost-effective and energy-efficient centrifugal water pumps over the forecast period. In this report, the below 30 Hp centrifugal water pump market in Egypt is segmented on the basis of pump type, end-user application and capacity.Pumps within a capacity range of 0.5 to 30 HP are considered in this study. By pump type, the market is segmented into monobloc pumps, mini-pumps and submersible pumps. Meanwhile, by end-user application, the market is segmented into industrial, agriculture and domestic applications.The below 30 Hp centrifugal water pump market is projected to expand at a CAGR of 5.3% in terms of revenue, in order to reach US$ 37.1 million by the end of 2020. In terms of volume, the below 30 Hp centrifugal water pump market in Egypt is expected to rise from 55,537 units to 72,530 units by the end of 2020.

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Segmentation, by Application
The below 30 Hp centrifugal water pump market in Egypt is segmented into three major applications, namely industrial, agriculture and domestic. The domestic application segment currently accounts for more than 40% share of the overall below 30 Hp centrifugal water pumps market in Egypt in terms of revenue, and is estimated to expand at a steady CAGR during the forecast period.Meanwhile, among the three applications, the industrial application segment is expected to expand at the highest CAGR of 5.5% in terms of revenue.

Segmentation, by Capacity
The below 30 Hp centrifugal water pumps market in Egypt has been segmented in terms of capacity, from 0.5 HP (minimum) to 30 HP (maximum), for all the three types of the mentioned pump types. Among all the product capacities, the 25-30 HP pumps are most widely preferred.As far as the monobloc and submersible pumps are concerned, the 25-30 HP pumps find wider applications, whereas the 1-2 HP pumps account for more than 50% share of the overall mini pumps segment.

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Key Players
Major players in the below 30 Hp centrifugal water pump market in Egypt include Grundfos,  KSB Pumps Ltd., Xylem Inc., Wilo SE, Flowserve Corporation, Calpeda S.p.A, and Omega Egypt Co. The centrifugal water pump industry in Egypt is largely consolidated, as the regional and local players hold a collective revenue share of 70% of the total centrifugal water pump market in the country. Grundfos accounts for largest share in the centrifugal water pump market, followed by KSB Pumps Egypt and Wilo SE.

Automotive Pillar Market demand is set to rise at 4% compound annual growth rate (CAGR) over the forecast period of 2021 and 2031

Soaring carbon footprint attributed to heavy automotive usage has led manufacturers to use plastic composites in the production of automotive pillars. This will improve the demand for automotive pillars, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report. As per the study, the global automotive pillar market is slated to surpass a CAGR of 4% across the forthcoming decade.

As per the FMI’s projections, automotive pillar market demand is set to rise at 4% compound annual growth rate (CAGR) over the forecast period of 2021 and 2031. The market valuation will exceed US$ 6 Bn, registering the sales of 303,264,000 automotive pillar units in 2021.

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Demand for automotive pillars is rising extensively in emerging economies as consumers in these regions have become more willing to invest in high performance automobiles given the rising disposable income. Sales of electric vehicles have also augmented across India and China, improving the demand of automotive pillars.

Increasing sales of passenger cars across the globe, especially in developed regions such as Germany and the U.S., are improving the consumption of automotive pillars.

Moreover, with growing adoption of electric cars and luxury cars across the globe, government in such regions are imposing strict regulations to curb the carbon emission and improve the safety of passenger.

According to the FMI’s analysis, passenger cars segment is anticipated to exhibit high demand, accounting for over 78% of market share during the forecast period of 2021 and 2031.

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Key Takeaways from FMI’s Automotive Pillar Market Study

  • By vehicle type, passenger vehicles to emerge as primary automotive pillar end-users
  • Sales across the original equipment manufacturers segment are likely to surpass an impressive valuation, given the rising demand for new and advanced safety system
  • The U.S. will experience noteworthy expansion amid rising sales of passenger cars in the region
  • India will generate lucrative opportunities across Asia Pacific excluding Japan, backed by the stringent government regulations pertaining to passenger safety
  • Rising government initiatives to curb the emission and increased electric vehicle sales will augment production capabilities across Germany
  • Broadening electric vehicle market will widen automotive pillars adoption across China
  • Japan and South Korea, collectively, will account for 12% of global automotive pillar market share in the year 2021.

“Visibly increasing consumer demand for passenger vehicles and electric cars is likely to augment sales of automotive pillars. This is encouraging prominent automotive pillar manufacturers to offer sustainable solutions to keep pace with changing consumer behavior,” says a FMI analyst. 

Automotive pillar Market by Category

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Product Type

  • Pillar A
  • Pillar B
  • Pillar C
  • Pillar D

By Sales Channel

  • Original Equipment Manufacturers (OEMs)
  • Aftermarkets

By Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (MEA)

Table Of Content

  1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

  1. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

  1. Market Viewpoint

3.1. Macro-Economic Assumptions

3.1.1. Macro-Economic Analysis

3.1.2. Global Population Growth Rate

3.1.3. Global GDP Change

3.1.4. Energy Intensity, Per Capita and Population Growth

3.2. Regional GDP and Automotive Production Outlook

3.2.1. North America

3.2.2. Latin America

3.2.3. Europe

3.2.4. Asia-Pacific

3.2.5. Middle East & Africa

3.3. Automotive Industry Outlook

3.3.1. Global Automotive Production By Manufacturers

3.3.2. Global Automotive Production By Region

3.3.3. Global Automotive Fleet On Road Outlook By Region

3.3.4. Man Made CO2 Emission By End Use Application

3.3.5. Global Automotive NOx Emission By Region

3.3.6. Global Automotive SOx Emission By Region

3.3.7. Global Automotive CO Emission By Region

3.4. Market Dynamics

3.4.1. Market Driver

3.4.2. Market Restraint

3.4.3. Market Opportunity

3.4.4. Market Trend

3.4.5. Patents

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Competitive Landscape

KIRCHHOFF Automotive GmbH, Gestamp, Toyoda Iron Works Co., Ltd., Magna International Inc., and Aisin Seiki Co., Ltd are some prominent players operating in the automotive pillar market.

Key Points Covered in Automotive Pillar Market Study

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

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Automotive Timing Chain and Belt Market is anticipated to witness a growth at a CAGR of 4.5% during the period of 2022 and 2027

The global automotive timing chain and belt market was pegged at 114,517 ‘000 units in 2022 and is expected to reach 166,277 ‘000 units by the end of 2027. The market is projected to increase at a volume CAGR of 3.8%. According to a new report by Future Market Insights titled “Automotive Timing Chain & Belt Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2022–2027),” global sales of automotive timing chains and belts was valued at US$ 6,754.7 Mn in 2022 and is projected to increase at a CAGR of 4.2% over the forecast period to be valued at US$ 10,209.9 Mn by 2027. This growth is primarily driven by an increase in vehicle production across key geographies.

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Global Automotive Timing Chain & Belt Market: Dynamics

  • Urban logistic control increases the demand for automotive belts and chains
  • Growing lifespan of used automobiles to boost the automotive aftermarket sales of automotive timing systems
  • Shift of component manufacturers’ focus towards existing opportunities in Eastern Europe is driving expansion of the local production base
  • Research, development and innovation of automotive time/chain components is a key growth driver

Global Automotive Timing Chain & Belt Market: Forecast by Product Type

On the basis of product type, the global automotive timing chain and belt market is segmented into chain, roller chain, non-roller chain, belt, dry belt, and belt in oil. Belt, followed by the chain segment, remains lucrative and will dominate market demand over the forecast period, primarily due to the fact that these products offer longer life and efficient operations in real-time working conditions in all vehicle types.

Global Automotive Timing Chain & Belt Market: Forecast by Vehicle Type

On the basis of vehicle type, the global automotive timing chain and belt market is segmented into passenger car, LCV, HCV, and off highway vehicle. The passenger car segment is anticipated to emerge as an opportunistic segment due to the growing consumer preference for advanced and more efficient timing chains and belts.

Global Automotive Timing Chain & Belt Market: Forecast by Engine Type

On the basis of engine type, the global automotive timing chain and belt market is segmented into gasoline and diesel. By engine type, in terms of volume, gasoline engine is expected to remain the most attractive segment in the global automotive timing chain and belt market over the forecast period, growing at a volume CAGR of 3.7%.

Global Automotive Timing Chain & Belt Market: Forecast by Sales Channel

On the basis of sales channel, the global automotive timing chain and belt market is segmented into OEM and aftermarket. The OEM segment is anticipated to gain prominent market share during the forecast period as OEM sales are directly proportional to the production rate of vehicles globally. Moreover, the increasing production of vehicles in the emerging economies in Latin America and MEA is likely to propel the demand for automotive timing chains and belts.

Global Automotive Timing Chain & Belt Market: Forecast by Region

APEJ is a prominent regional market and is anticipated to dominate the global demand for automotive timing chains and belts, followed by Western Europe. Noteworthy increase in sales in markets such as China, India, Mexico and Turkey among others is expected during the forecast period.

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Market Segmentation

Vehicle Type

  • Passenger Car
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Off Highway Vehicles

Product Type

  • Chain
    • Roller Chain
    • Non-roller Chain
  • Belt
    • Dry Belt
    • Belt In Oil

Engine Type

  • Gasoline
    • Inline Engine
    • V-Engine
  • Diesel
    • Inline Engine
    • V-Engine

Sales Channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Middle East and Africa (MEA)

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Global Automotive Timing Chain & Belt Market: Key Players

Some of the key players operating in the global market for automotive timing chains and belts include Tsubakimato Chain Co., BG Automotive, Continental AG, BorgWarner Inc., Denso Corporation, Schaeffler Technologies AG & Co. KG, Mitsuboshi Belting Ltd., L.G. Balakrishan & Bros Ltd, Daido Kogyo Co. Ltd., SKF AB, Iwis Group, Gates Corporation, Dayco Products LLC, Qingdao Choho Industrial Co. Ltd., Rockman Industries Ltd., Sumax Industry Limited, CIC USA Corp, KCM Automobile Transmission Co. Ltd., and Mahle GmbH.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
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Global Magnetic Drive Pump Market To Register CAGR at Nearly 5.3% During Forecast Period 2021-2031

As per newly released report by Future Market Insights (FMI), the demand of magnetic drive pump market is up by grew year-on-year (YoY) rate of 4.4% in 2021, with its shipment forecast to top 822,539 units.

As per FMI, the centrifugal pump segment grew 4.2% to total 430,000 units, while the sales of positive displacement pump segment was up by 4.5% to reach 390,000 units. Expanding at a CAGR of 5.3%, sales of magnetic drive pumps are expected to reach a valuation of US$ 807.9 Mn through 2021. As per FMI’s analysis, rapid adoption of technologically advanced equipment and machinery, coupled with increasing application for water treatment activities will spur the sales. Backed by these aforementioned factors, the market is expected to surpass US$ 1.35 Bn by 2031.

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Key Takeaways:

  • In terms of pump type, the centrifugal pumps segment is projected to hold 52.6% of the total magnetic drive pump market share.
  • Applications of magnetic drive pumps are anticipated to continue rising in the water treatment and mining sector, accounting for 15.6% and 13.3%, respectively.
  • Stainless steel is expected to remain the most-preferred casing material for magnetic drive pump services
  • China is anticipated to emerge as an attractive market, capturing 40.2% of the East Asia magnetic drive pump market share.
  • Germany is projected to lead the Europe’s magnetic drive pump market, growing at a 5.1% CAGR.
  • India will continue experiencing high demand for magnetic drive pumps, capturing 31.8% of the South Asia Pacific market share.
  • Japan and South Korea will collectively account for 8% of the global market share.

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“Integration of advanced technology due to focus on automation in construction and mining industries is pushing the sales of advanced magnetic drive pumps. CAPEX investments and increase in water treatment projects also are expected to provide lucrative opportunities for the magnetic drive pump market. Steered by this, some of the leading OEMs are investing in strategic alliances, partnerships and product innovations to gain competitive advantage in the global market. These partnerships will allow companies to improve their production capacity and strengthen their technical expertise,” says FMI analyst.

Competitive Landscape

The market is expected to be primarily consolidated, with key players accounting for more than half of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

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Some of the key players in the market are Ebara Corporation, Flowserve Corporation, Kirloskar Brothers Limited, ITT Goulds Pumps Inc., Iwaki Co Ltd., Klaus Union, March Manufacturing, Ruhrpumpen Inc., Sundyne LLC, Xylem Inc., PRECISION ENGINEERING CO., Grosvenor Worldwide Private Limited, GCA Energy, Magnatex Pumps, Inc., Grundfos Pumps Corporation, TEIKOKU ELECTRIC MFG. CO., LTD., ELEPON E.C.A.P. Corporation, NIKKISO EIKO Co., Ltd., etc.