Beverage Processing Equipment Market Growth At 4.7% CAGR During Forecast Period 2020-2030

The global beverages processing equipment market size is expected to reach US$ 27.7 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.7% CAGR between 2020 and 2030. The market is anticipated to perform well shortly owing to increasing awareness regarding processed beverages, and rising demand for ready-to-drink beverages among the population. Filtration systems, equipment type segment is anticipated to grow at the fastest CAGR over the forecast period.

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It includes in-depth insights into the beverages processing equipment market. Some of these are:

  • The estimated value of the market was at US$ 17.5 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • The Asia Pacific accounts for the leading share in the demand for beverage processing equipment, whereas North America and Europe, screening lucrative long-term growth over the years.
  • Asia Pacific countries are like India, China, ASEAN countries that possess excellent growth opportunities for beverage processing equipment owing to increasing flavour inspiration and rising disposable income.
  • High capital costs and complex manufacturing processes for beverage processing equipment are the key factors that hinder industry growth.
  • Companies are growing the output potential and adding market capture automation to the machines.

“Rising demand for hygienically manufactured & packaged drinks, upgrading equipment for lean time management, advanced technology use to increase productivity & product performance and rising focus on quality of drinks are some of the key factors driving the market. Leading companies are likely to strategize their future operations in line with the aforementioned factors to expand their geographic reach in the near future,” said a lead analyst at FMI.

COVID-19 Outbreak Crisis will Impact Consumption Pattern

Due to the outbreak of the pandemic coronavirus, sales of alcohol and fresh foods on e-commerce have surged during the COVID-19 epidemic, with market analysts predicting that the changes in consumer buying habits are here to stay. Customer habits shifted during this time to concentrate on safety and hygiene, while in the aftermath of lockdowns, they switched to e-commerce for alcohol, fresh food, and even dairy.

Because COVID-19 is spreading through continents without signs of slowing down, the effects and patterns resulting from changes in consumer behavior will also be evident in other crisis countries. Total consumption of alcoholic drinks wouldn’t change much during economic downturns, sales of beer and wine would increase and sales of liquors would decrease. Budget demand for mid-priced drinks would increase, while demand for high-end super-premium for ultra-premium alcoholic beverages would decrease. The pattern of delivery will change drastically though.

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By Segment:

The global Beverage Processing Equipment market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Beverage Type

  • Carbonated Beverages
  • Non-carbonated Beverages
  • Alcoholic Beverages
  • Dairy-Based Beverages
  • Processed Water

Equipment Type

  • Brewery
  • Filtration
  • Carbonation
  • Sugar Dissolvers
  • Blenders & Mixtures
  • Heat exchangers

Region

  • North America
  • Latin America
  • Europe
  • Asia
  • Oceania
  • MENU

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Competitive Analysis:

The beverages processing equipment market consists of numerous players. A few of them are GEA, Tetra Laval, Alfa Laval, Krones Group, Bucher Industries, SPX Flow, JBT Corporation, KHS GmbH, Pentair, and Praj Industries.

MENA Commercial Vehicles (Trucks) Market is projected to expand at 3.4% CAGR, in terms of volume between 2022 and 2027

A new report published by Future Market Insights titled ‘Commercial Vehicles (Trucks) Market: Middle East & North Africa (MENA) Industry Analysis 2012 – 2021 and Opportunity Assessment 2022-2027’ studies the performance of MENA commercial vehicles (trucks) market over a 10 year assessment period from 2012 to 2027.

The report presents the value and volume forecasts of the MENA commercial vehicles (trucks) market and provides key insights into the factors driving market growth as well as the factors restricting the market growth.

The estimates point to a revenue growth from nearly US$ 5,250 Mn in 2021 to nearly US$ 8,500 Mn by 2027 end, resulting in a CAGR of 5.0% during the period of assessment. In terms of volume, the MENA commercial vehicles (trucks) market was pegged at 152,191 units in the year 2021 and is poised to reach a figure of 212,232 units in 2027, and display a CAGR of 3.4% in the forecast period.

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Rapid development and growth of oil and gas industry in the rest of Middle East region to boost market revenue growth

Commercial vehicles are commonly used as a medium of transport for different types of end use industries and they are helping in tasks such as unloading, loading and transportation of goods. The construction industry is exhibiting a fast growth due to the vast number of projects in the pipeline in each country of the Middle East and this also has connection with the plans of the countries in the Middle Eastern region to diversify their economies.

These developments are also related to the large scale international events that are going to be held in this region such as World Expo 2020 to be held in Dubai and the FIFA World Cup 2022 to be held in Qatar.

The construction industry in Iran was estimated to be valued at US$ 154.4 billion in 2016 from US$ 88 billion in the year 2013 and due to this upward growth, the market for heavy trucks is likely to boost in this country. Also, due to the rising urbanization, the construction industry is experiencing rapid growth in rest of the countries in the Middle East which is further expected to boost the demand for commercial vehicles in building and construction activities in the region.

Iran is also one of the biggest markets for trucks in the MENA region, and with the economic sanctions lifted up from Iran, it is experiencing a huge growth in its economy and is likely to be one of the prominent markets for heavy duty commercial vehicles.

On the other hand, other countries in the region like UAE and Oman are also becoming attractive markets for commercial vehicles due to their vast use in end-use industries such as the petrochemical industries, and this is expected to boost the overall demand for trucks in the Middle East region.

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MENA Commercial Vehicles (Trucks) Market: Segmentation and Forecast

The MENA commercial vehicles (trucks) market is segmented on the basis of class type and region. On the basis of class type, the market is segmented into light duty, medium duty and heavy duty. On regional basis, the market is segmented into Middle East (Saudi Arabia, Turkey, Rest of Middle East) and North Africa.

  • The heavy duty segment was estimated to be valued at nearly US$ 3,200 Mn in 2021 and is likely to reach a valuation of nearly US$ 5,300 Mn in 2027 and in the process exhibit a CAGR of 5.1%.
  • The medium duty segment was estimated to be valued at nearly US$ 1,850 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 3,000 Mn in 2027 and exhibit a CAGR of 4.8%.

MENA Commercial Vehicles (Trucks) Market: Regional Forecast

  • The commercial vehicles (trucks) market in Saudi Arabia was estimated to be valued at nearly US$ 560 Mn in 2021 and is likely to reach a valuation of nearly US$ 900 Mn in the year 2027 and exhibit a CAGR of 4.6% during the assessment period.
  • The commercial vehicles (trucks) market in Turkey was estimated to be valued at nearly US$ 1,350 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 2,150 Mn in 2027 and exhibit a CAGR of 5% during the period of forecast.

Market Taxonomy

Class Type

  • Light Duty
    • Unto 2.5 T
    • 2.5 T – 4.5 T
    • 4.5 T – 6.5 T
  • Medium Duty
    • 6.5 T – 7.5 T
    • 7.5 T – 9 T
    • 9 T – 12 T
  • Heavy Duty
    • 2 T – 15 T
    • 15 T & Above

Region

  • Middle East
    • Saudi Arabia
    • Turkey
    • Rest of Middle East
  • North Africa

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MENA Commercial Vehicles (Trucks) Market: Vendor Insights

This report includes some of the key players functioning in the MENA commercial vehicles (trucks) market such as Daimler AG, AB Volvo, Scania AB, Paccar Inc., MAN SE, Navistar International Corp., Hino Motors, Ltd., Isuzu Motors Ltd., Dongfeng Motor Corporation, FAW Group Corporation, Toyota Motor Corporation, Ford Motor Company, Nissan Motor Company Limited, General Motor Company and Volkswagen AG. Manufacturers are using advanced telematics systems and financing options to lure customers.

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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Sorting Equipment Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Material handling involves movement, storage, control and protection of materials during their manufacturing, distribution, consumption, and disposal. There are different material handling systems and equipment uses in industrial plants such as sorting equipment. The process of sorting helps in several purposes such as component segregation, assembling and packing identical items by a section.

Sorting equipment are considered to make things easier and the sorting equipment techniques can be digital sorting, optical sorting, magnet sorting, sensor sorting to name a few more. Also, these equipment sort objects on the basis of structural properties, chemical composition, weight, color, size, shape etc. in automated manner. Moreover, the applications of sorting varies from agricultural products, consumer manufactured products, books, etc.

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Regional Outlook

Region wise, MEA is gaining traction owing to the mounting adoption of these equipment in mining sector. Moreover, Japan and China are experiencing a high implementation of these advanced sorting solutions due to the rising industrial sector and faster technological adoption. The North America region will also register rapid growth due to the increasing demand from end use sector (especially waste management system). Also, Europe is also projected to witness a steady growth rate over the forecast period.

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). The Sorting Equipment 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 Sorting Equipment provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Sorting Equipment also maps the qualitative impact of various market factors on market segments and geographies.

Market Participants

Examples of some of the market participants/vendors identified in the Sorting Equipment Market across the globe are: Sesotec, Tomra, Greefa, B uhler Sortex, BarcoVision, Satake USA, Key Technology, Meyer, Aweta, Daewon GSE, Raytec Vision, Concept Engineers, RTT Steinert, BT Wolfgang Bnder, TaiHo, MSS, Pellenc, CP Manufacturing, MSS, Inc.

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 exhaustive analysis on:

Market Segments of Sorting Equipment, Market Dynamics of Sorting Equipment, Market Size of Sorting Equipment, Supply & Demand of Sorting Equipment, Current Trends/Issues/Challenges of Sorting Equipment, Competition & Companies involved of Sorting Equipment, Technology of Sorting Equipment, Value Chain of Sorting Equipment.

Sorting Equipment Market: Driver

Increase in demand for process automation in food industry is anticipated to fuel the demand for sorting equipment market. Moreover, in many industrial sectors (such as pharmaceutical and automotive) is of high importance. Sorting machine can be more cost efficient and operate quickly, while ensuring the quality of the product which is never compromised. Therefore, it will drive the demand for sorting equipment market.

Sorting Equipment Market: Restraint

The restraining factor of the sorting equipment market is the high cost of this equipment and their number of extra parts that increase the price of the equipment. Moreover the current installed base which has a reasonable shelf life will cause limited progress of the market where comparatively less number of new units is likely to be secured by end use customers. Also, slowdown of manufacturing industries in developed countries is another factor as a limits the demand for Sorting Equipment market

Sorting Equipment Market: Trend

Nowadays, optical sorting equipment are on high demand. These sorters are substituting manual sorting processes in the food industry owing to the shortage in the rising labor costs, and an enlarged demand from consumers who want high-quality systems. The rising labor costs are compelling several sectors to implement these systems to perform time-consuming and critical tasks.

The food industry is growing its focus on installing automation for increasing the productivity. From getting raw material to checking the finished products, these systems are being executed into the production lines to help in reviewing the production volumes. Moreover, these systems help in removing foreign defective & material products and help in achieving improved product quality and decreased operational costs, thereby driving the sorter equipment (optical) market demand.

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By Segmentation

On the basis of end use, the Sorting Equipment Market can be segmented into:

Chemical Industry Sorting Equipment, Food Industry Sorting Equipment, Pharmaceutical Industry Sorting Equipment, Plastic Industry Sorting Equipment, Wood Industry Sorting Equipment, Agriculture Sorting Equipment, Packaging Sorting Equipment.

On the basis of product type, the Sorting Equipment Market can be segmented into:

Freefall Sorter, Channel Sorter, Automated Defect Removal (ADR), Belt Sorters.

Earlier, the manual contribution has been commonly reported for the sorting process from small scale industries to comparatively large-scale industries. However, owing to increase in competition in the global market, the so-called big manufacturing industries and companies started seeking for better technologies that would decrease human effort and hence the resulting errors which in turn would help them upsurge their productivity and meet the required demand.

Palonosetron Hydrochloride Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2027

Palonosetron hydrochloride is a hydrochloride salt of carbazole derivative, palonosetron. It is a chemical compound used to prevent and treat chemotherapy induced vomiting and nausea.

Palonosetron hydrochloride works by blocking the action of serotonin in chemoreceptor trigger zone, a zone located on medulla oblongata outside the blood brain barrier. Palonosetron hydrochloride is the most effective antagonist of 5-hydroxytryptamine type 3 receptors which are located in the chemoreceptor trigger zone.

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The most side effects observed of the palonosetron hydrochloride are headaches, constipation together with muscle pain atrioventricular block and sleeplessness. The oral route of administration of palonosetron hydrochloride is considered less effective as compared to the intravenous route of administration.

COVID-19 impact crisis has been unprecedented and has affected all the industries. The global market for palonosetron hydrochloride will also be affected by COVID-19. The effect can be in terms for supply chain disruption, logistical bottlenecks due to uncertain regulatory regimes adopted by various countries to contain the pandemic.

Palonosetron Hydrochloride Market: Drivers and Restraints
The growing incidence of cancer cases worldwide is the major market driver for the global palonosetron hydrochloride market in the forecast period of 2020-2030. Chemotherapy continues to remains the most common treatment for the cancer cases which in turn will boost the global palonosetron hydrochloride market.

There is a general preference for 5-hydroxytryptamine type 3 receptors antagonist drugs as compared to the other type of drugs for treating chemotherapy induced vomiting and nausea. This will consequently result in the growth of the global palonosetron hydrochloride market.

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Although chemotherapy is the most sought after treatment for cancer it is very painful and is accompanied by serious side effects. This has encouraged researchers to develop new alternate forms of treatment for cancer. The ongoing research for alternate drugs can thus slow the growth of palonosetron hydrochloride market.

The high costs involved in cancer treatment discourage people from choosing chemotherapy in developing world. This in turn could result in hindrance in growth of the global palonosetron hydrochloride market.

Palonosetron Hydrochloride Market: Overview
The global palonosetron hydrochloride market can be expected to grow steadily because as per the World Health Organization estimates the global death due to cancer are estimated to be 13 million by the end of 2030. Based on the route of administration intravenous segment can be estimated to register a sturdy growth owing to its greater preference among the medical specialists.

Based on the distribution channel the hospital pharmacies can be expected to grow steadily in the global palonosetron hydrochloride market considering the fact that these drugs are administered under medical specialist’s supervision.

Palonosetron Hydrochloride Market: Key Players
The key market players operational in the global palonosetron hydrochloride market are

  • Merck
  • Wavelength
  • Farmihispania Group
  • ALP Pharm
  • Shanghai Jinhe Bio-Pharmaceutical Co. Ltd.
  • Tecoland
  • Qilu Pharmaceutical
  • Teva api
  • Novartis
  • Roche
  • Heron Therapeutics and Tyche Industries

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.

Regional analysis includes:

  • North America (U.S. Canada)
  • Latin America (Mexico. Brazil)
  • Europe (Germany U.K France Italy Spain)
  • South Asia (India ASEAN Countries)
  • East Asia (Japan China & South Korea)
  • Oceania (Australia & New Zealand)
  • Middle East and Africa (GCC Countries South Africa Northern Africa)
    The 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.

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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.

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

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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, the global financial capital, and has delivery centers in the 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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Anethole Market Competitive Growth Strategies Based on Type, Applications, End User and Region

The anethole can also act as very good bug repellent and can be used in the house and can be applied on body as well. Anethole is an unsaturated component of ether that possess flavoring properties. The anethole has more sweetness compared to sugar. Anethole also has some uses in some of oral hygiene products, frozen dry berry products and seasonings.  Anethole is used in many drinks to make them more sweet and palatable. Anethole is used in specific oils that are used to treat the patients with the hormonal imbalance. Anethole also acts as an inhibitor for the carcinogenesis in specific parts of the body like fore stomach and lungs.

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Market Dynamics

The growth in the food and beverage industry will help in the anethole market growth. The properties of anethole like anti-fungal and anti-bacterial will help in the growth of anethole sales. The health awareness among people is increasing day by day.

Anethole has a variety of uses related to human health like weight loss, diuretic and digestion booster which will help in the growth of the anethole market. The growth in population has created a platform for the growth of oral hygiene product use. The use of anethole in oral hygiene products will help in the sales growth of anethole. The toxicity and flammability of the anethole may increase the risk of its storage in open place. Therefore, anethole needs to be stored in inert and cool places which would add in its total cost. The increase in the total cost may slow down the growth of anethole market.

Regional Outlook

China and India holding a prominent share in the population have a growing food and beverage industry which is expected to help in growth of demand for the anethole in the market. North American region being another key market for the food and beverages and the growing chemical industry is expected to create a platform for the growth of anethole market.

European region has a growing food and beverage industry along with the chemical industry which is expected to help in the growth of sales of anethole. South East Asia region has a moderately growing food and beverage industry which is expected to help in the growth of anethole sales up to a certain extent. Japan is expected have a good scope for growth for anethole sales in coming years due to its growing food and beverage industry. The Latin America region is expected show a slow growth in the anethole market due to its moderately growing chemical and food and beverage industry. Middle East and Africa have a moderately growing chemical industry which is expected to help in the growth of anethole sales in the region.

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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)

List of Market Participants

The market participants involved in the manufacturing of anethole are listed below:

  • Merck KgaA
  • Toronto research Chemicals
  • ABL Technology Limited
  • Nacalai Tesque
  • Alfa Aesar, Thermo Fisher Scientific
  • Central Drug House
  • Xi’an B-Thriving I/E Co., Ltd.
  • Mentha and Allied Products Pvt. Ltd
  • TCI Chemicals (INDIA) Pvt. Ltd

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.

The 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.

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By Segment:

The anethole market is segmented on the following basis:

Anethole market by source of extraction:

  • Bitter Fennel
  • Sweet Fennel
  • Star Anise
  • Anise
  • Damiana

Anethole market by application:

  • Food Additive.
  • Flavoring Agent.
  • Anti-Inflammatory Compounds
  • Sweetener
  • Inhibitor for Cancer

Anethole market by end-use industry:

  • Chemicals and Allied Products
  • Basic Chemical Manufacturing
  • Food and Beverage

Automotive TCU Market expected to witness a robust CAGR of over 7.5% during the forecast period 2021-2031

Different types of transmission technologies find deployment in the global automotive TCU market such as manual transmission (MT) and automated manual transmission (AMT). In manual transmission, a driver has 100% control over gear shifting, whereas AMT involves clutch-pedal free manual transmission. The shift from manual cars and a move towards hassle free driving has resulted in an upward growth shift in the global automotive TCU market.

A new report by Future Market Insights presents clear insights on the global automotive TCU market performance. The report also highlights the drivers influencing the growth of the global market, restraints limiting revenue growth, and trends governing the market. According to the report, the global automotive TCU market is expected to witness a robust CAGR of over 7.5% during the forecast period 2021-2031.

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Global Automotive TCU Market: Dynamics

There are various factors responsible for the growth in the automotive TCU market. Rise in emission control rules is a major market revenue growth driver. Many companies have adopted the first ever GHG regulations for heavy duty vehicles and engines. Also, control in the global inflation rate has strengthened the demand in various regions such as Europe and North America. With forces like the above at play, much of the growth in the global automotive TCU market is expected to come from developed economies.

Global Automotive TCU Market: Segmental Highlights

For easy understanding and accurate analysis of the global automotive TCU market, the market is segmented on the basis of application, vehicle type and region.

  • The various segments of the automotive TCU market based on application include AT, CVT and DCT. The AT (Automatic Transmission) segment is expected to dominate the market with the highest market value share by the end of 2031. However DCT (Dual Clutch Transmission) is expected to witness growth at the highest CAGR of over 14.1% during the forecast period.
  • The segmentation based on vehicle type includes passenger cars, HCVs and LCVs. Among these, the market for passenger cars is expected to stand exceptionally profitable with a projected grow at a robust CAGR of 7.8%.
  • The regional segmentation holds crucial statistics for businesses currently operating in the industry. According to the forecasts presented in the report, North America is expected to dominate the global automotive TCU market, growing at a CAGR of over 8% in terms of value.

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Segmentation of the global automotive TCU market

Application

  • AT (Automatic Transmission)
  • CVT (Continuous Variable Transmission)
  • DCT (Dual Clutch  Transmission)

Vehicle Type

  • Passenger Car
  • LCV (Light Commercial Vehicle)
  • HCV (Heavy Commercial Vehicle)

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

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Global Automotive TCU Market: Competitive Analysis

The research report on the global automotive TCU market provides an analysis of the key players operating in the market. Some of the key players included in the report are Robert Bosch GmbH, Aisin AW Co., Ltd., Continental AG, Delphi Automotive LLP, Hitachi Automotive System, Ltd., Denso Corporation, Swoboda KG., ZF Friedrichshafen AG etc.

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 Painting Robots Market Will Grow by 10.1% CAGR During Forecast Period 2021-2031

Global painting robots market to exhibit year-on-year (YoY) growth of 8.3% to total US$ 2.9 Bn in 2021. As per the study, the demand for robotic arms will increase by 8.8% CAGR between 2021 and 2031, giving tailwinds to the painting robots market growth. Overall sales of painting robots will grow by 10.1% CAGR between 2021 and 2031. East Asia and Europe are likely to account for over half of global demand for painting robots through 2031.

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The painting robots market will register increasing growth as a result of high demand from various industries including HVAC, furniture, sanitary ware, textiles and heavy engineering equipment.

Industries are exhibiting high demand for flexibility in automation systems to move beyond traditional manufacturing processes, especially for automotive and electronics manufacturing. Application of painting robots is expected to grow in the automotive sector as a result of higher electric vehicle production.

According to the study, Germany, the U.S., and Japan are likely to emerge as highly lucrative market for painting robots. Surging automotive sales in Germany will remain a chief growth driver.

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Key Takeaways of Painting Robots Market Study

  • Painting robots market size will reach US$ 2.92 Bn in 2021
  • The U.S. will emerge as a highly lucrative market, creating absolute dollar opportunity of US$ 334 Mn by 2031
  • Demand for painting robots will grow by 12.7% CAGR in Germany
  • China will lead sales of painting robots in East Asia. Demand for painting robots in China will grow by 7.3% CAGR between 2021 and 2031
  • Japan and South Korea are expected to account for 16% of sales in painting robots market in 2021.

“With manufacturing sector exhibiting high demand of painting robots, market players are expected to focus on customizing features to cater to specific industry requirements. Besides this, they are expected to use diverse marketing platforms for product positioning,” said a FMI analyst.

During the forecast period, the painting robots market is expected to be aggressively driven by demand for automation. With the positive influence from industry 4.0 and the rising applications of quality management systems to enhance efficiency of operations and reduction of error rate, there will be surge in sales of painting robots in the coming years.

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Competitive Landscape

The global market for painting robots is identified to be extremely consolidated, with the top manufacturers controlling about 75-80% of the overall market. Market players are competing to increase their global footprints and collaborate directly with end users.

By providing speed and scalability through their goods, they are producing economic solutions and addressing production issues for their customers. The major players are also focusing on value added services to establish robust service network.

Furthermore, painting robot manufacturers are adopting key supply trends such as easy integration of robots into customers’ systems, easily programmable robots, and flexible deployment to gain competitive edge. Some of the key players in the market are Dürr AG, ABB Ltd, Kuka AG, Fanuc Corporation, Kawasaki Heavy Industries Ltd, and Yaskawa Global.

Global Audiology Services Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2027

Audiology services provides an extensive range of hearing loss treatment choices and also amplifier to enhance patient’s general hearing wellbeing. The audiologists provide indicative hearing assessments, assessment of enhancement needs including portable hearing aids, cochlear inserts, and other assistive devices, and related guidance and counseling. Audiology service centers are especially gainful for diminishing the hearing loss issue amongst all age groups. Audiology services is made out of various parts of care including nutrition management, screenings, vaccinations and disease condition management. Primary healthcare doctors concentrate on preventive care to enable patients to stay away from intricacies and complex medications by keeping up great wellbeing and recognizing conditions early.

Audiology services incorporates: basic hearing testing, auditory brainstem response (ABR), otoacoustic emission testing, tympanometry, play audiometry, visual response audiometry, hearing aid dispensing, and aural rehabilitation. Altogether the services include: hearing aid repair, industrial hearing screenings, live speech mapping, tinnitus treatment, hearing and fitting, auditory processing and audiologic evaluations and many more. Audiologists are also more focused on administration of existing conditions to expand personal satisfaction and decrease risk of future entanglements. Audiology service administrations are secured by all protection and insurance plans, which means they come at practically very less cost to patients. The objective is to enhance personal satisfaction for both the patient and the family. Audiology Services is given by a group of audiologists, specialists, hearing aid caretakers, and different professionals, who cooperate with a patient’s different specialists to give an additional layer of help. It is fitting at any age and at any phase in a genuine ailment, and can be furnished alongside remedial treatment.

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Audiology Services Market: Drivers and Restraints

Increasing hearing disorders, majorly among the old age group in the developed nations is anticipated to be the major growth driver for the global audiology services market. Other factors such as, rising number of audiology centers, services, public relation activities, promotional marketing of audiology services, adoption of new technology within the hearing aids segment are responsible for rise in global audiology services market worldwide. Extending medical applications at audiology service centers, increasing number of qualified physicians for audiology services, expanding aging demographics etc. are other co-factors contributing to the overall growth of the audiology services market globally. Lower penetration of medical assistance, less awareness, limited promotional and marketing activities by service providers and less preference for audiology service care model or treatment in developing nations can be a major restraint for the global audiology services market. Less expansion of medical care facilities for old age group people in Asia Pacific and Middle East region, reimbursement scenario and less private or public funding to clinics or audiology service centers & healthcare facilities act as a global restraint to the overall audiology services market. In the current scenario, the audiology services market is majorly focused on overall hearing loss protocol assessment & services, availability of wide array of options amongst the patients that enhances healthcare quality in critical ways.

Audiology Services Market: Overview

The global market for audiology services is expected to flourish over the forecast period of 2017-2027 due to increasing awareness about physical, social and psychological, needs of patients with hearing loss issues coupled with services adoption amongst the old age group.

Audiology Services Market: Region-wise Overview

Geographically, the global market for audiology services is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to take greater share in global audiology services market because of greater expansion for services coverage at the workplace and audiology centers.

Some of the key players and healthcare service providers in global audiology services market are:
  • American Speech-Language-Hearing Association (ASHA),
  • Audiology Services, Inc.,
  • Audiology Services of Chattanooga, Inc.,
  • UCLA Audiology Clinic,
  • Center for Audiology,
  • Audiology Services,
  • LLC,
  • Global Audiology Services Pvt Ltd,
  • A&E Audiology and
  • Hearing Aid Center, Inc.,The Center for Audiology, Universal Hearing Care, Inc., Centrum Hearing and Audiology, Arlington ENT Associates, Grusecki Audiology Oliver Audiology & Hearing Aid Services & others.

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)

Audiology Services Market: Segmentation
The global audiology services market has been classified on the basis of service type, end user and geography.

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Based on service type, the global audiology services market is divided into following:

  • Hearing Aid Repair
  • Industrial Hearing Screenings
  • Live Speech Mapping
  • Tinnitus Treatment
  • Auditory Processing Evaluations
  • Ear Wax Removal
  • Diagnostic Audiologic Evaluations
  • In Office Services
  • Others

Based on end user type, the global audiology services market is divided into following:

  • Audiology Services centers
  • Hearing Aid Centers
  • Hearing Aid Clinics
  • Others

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Marine Fuel Injection System Market was projected to increase at a CAGR of ~3% during the projected period of 2019-2029

Future Market Insights has recently published a new market research study on the marine fuel injection system market that contains global industry analysis during 2014–2018 and opportunity assessment during 2019–2029.The report investigates the marine fuel injection system market and provides critical insights for the forecast period of 2019-2029. As per the key findings of the report, the global marine fuel injection system market is expected to witness considerable growth in upcoming years due to the steady expansion of vessel fleet as well as regulations imposed by International Maritime Organization towards improving the efficiency of new ships.

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The global marine fuel injection system market is likely to be valued at ~US$ 4.8 Bn in 2019, and is projected to increase at a CAGR of ~3% during the projected period of 2019-2029. This growth is expected to be mainly driven by increasing trade opportunities for crucial countries with prominent shipbuilding industries. Advanced fuel efficient technology is adding to the benefits of the marine fuel injection system market.

Increase in Global Maritime Tourism to Fuel the Market Growth

With the increasing disposable income, there has been noteworthy growth in the tourism in the recent past. Recreational water sports attract a paramount segment of people and growing traction of people towards it has been significant. Activities, such as yachting, kite surfing, and water skiing is expected to upsurge the marine tourism. The demand for new ships has increased owing to the growth in maritime tourism, which will ultimately boost the marine fuel injection system market in the near future.

Increasing fuel injection pressure in marine vessels lead to the increased rate of wear and tear property. To improve the combustion efficiency of an engine, high injection pressure is required. There has been increased demand for high pressure fuel injectors.  However, increased fuel injection pressure has amplified the stress applied on the fuel injector as well as on the other parts of the fuel injection system, including a fuel pump and high pressure lines. This might lead to the increased rate of replacement and reconditioning of fuel injection system in marine vessels, contributing to the growth of the aftermarket sales channel.

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Growth in Regional Shipbuilding Industries  

China, in the APEJ region and Japan has maintained slow but steady pace in the ship building industry in terms of growth. Whereas, in South Korea, the industry faced sharp downturn due to overcapacity and weak financial performance of prominent players in the marine fuel injection systemmarket. This, in turn, significantly affected the OEM demand for marine fuel injection systems. However, there has been a notable increase in the demand for new ships creating a healthy environment for the shipbuilding industry in the region to recover.

Marine Fuel Injection System Market: Taxonomy

Sales Channel

  • OEM
  • Aftermarket

Engine Capacity

  • Up to 2000 HP
  • 2000 – 10,000 HP
  • 10,000 – 20,000 HP
  • 20,000 – 50,000 HP
  • 50,000 – 80,000 HP
  • Above 80,000 HP

Application

  • Service Vessels
  • Passenger Vessels
  • Cargo Carriers
  • Fishing Vessels
  • Personal Watercrafts & Sailboats
  • Others

Engine Type

  • 2 Stroke
  • 4 Stroke

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • MEA
  • Japan

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Marine Fuel Injection System Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global marine fuel injection system market. Few examples of key players in the marine fuel injection system market areCummins Inc., Liebherr International AG, Robert Bosch GmbH, Caterpillar Inc., Yanmar Co. Ltd., Suzuki Motor Corporation, v, MAN SE, DENSO Corporation, Rolls-Royce Power Systems AG, OMT – Officine Meccaniche Torino SpA, Woodward, Inc., and Heinzmann GmbH & Co. KG, among others.The global marine fuel injection system market is considered to be significantly fragmented one. Global players falling under tier-1 category accounts for ~25% of the overall market share, whereas medium-sized and small-sized players are expected to be prominent in the global marine fuel injection systemmarket.

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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Floor Cleaning and Mopping Machines Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Commercial and residential buildings and individual households are the potential customers globally for the floor cleaning and mopping machines market. Depending on the floor type, the floor cleaning and mopping market offers different types of machines, which can be classified into two types, namely professional moping and cleaning equipment and consumer moping and cleaning equipment.

Automatic cleaning and mopping machines have low noise levels, are ergonomic and easy to use and conserve water; hence, there is a huge demand, especially in the healthcare sector and in commercial buildings. Also, as cleaning is a repetitive task, automatic cleaning and mopping machines reduce the labor required and thus decrease the manual labor cost. Therefore, these factors will boost the overall market growth of floor cleaning and mopping machines.

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However, there are also many factors that are restrain the growth of the floor cleaning and mopping machines market. For instance, floor cleaning and mopping machines are expensive with high maintenance and repairing costs and a number of upgrades and extra spare parts add extra costs, which makes these machines economically less feasible. Also, the floor becomes slippery and could cause accidents, if over buffed.

Regional Overview

North America dominates the cleaning and mopping machines market, owing to the growing number of institutional and office buildings, skyscrapers and underground structures. During the forecast period, the APEJ region is expected to occupy a greater market, especially China, India and other South East Asian countries, owing to the growth in economic capabilities and huge investments by governments and private sectors in expanding residential and commercial buildings. The Mid-East and Africa region is expected to register a steady growth rate, due to the growing residential and non-residential construction markets, which can be further attributed to the increase in disposable income and improving economy conditions in the region.

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)

The 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.

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By Segment:

On the basis of end user industry, the floor cleaning and mopping machines market can be segmented into:

  • Healthcare
  • Automotive
  • Household
  • Food and Beverage
  • Chemical
  • Commercial
  • Others (E.g. Manufacturing, Retail, etc.)

On the basis of product type, the floor cleaning and mopping machines market can be segmented into:

  • Scrubbers
  • Walk Behind Scrubbers
  • Ride-on Scrubbers
  • Cordless Electric Brooms
  • Robocleaner
  • Vacuum Cleaners
  • Steam Cleaner
  • Hard Floor Cleaner
  • Others (E.g. High Pressure Cleaners, Floor polishers, etc.)

On the basis of method, the floor cleaning and mopping machines market can be segmented into:

  • Scrubbing
  • Buffing
  • Mopping
  • Spray Cleaning
  • Burnishing
  • Others (E.g. Scarifying and Steaming)

With development and upgrades in technology, automatic and semi-automatic floor cleaning and moping machines have gained steady traction as compared to manual floor cleaning machines. Floor cleaning and mopping machines have a sizeable application across many industries, such as chemical, food and beverage, healthcare, commercial and residential buildings and others.

Commercial and residential buildings, entertainment malls and the food and beverage sector contribute the most to the global floor cleaning and mopping machines market. To mitigate infections and germs in the healthcare industry, there is a constant need to keep the floors clean and disinfected, which in turn is giving impetus to the floor cleaning and mopping machines market. Also, strict government rules and regulations to ensure top notch cleanliness in industries drive the floor cleaning and mopping machines market.

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Market Participants

Examples of some of market participants identified in the floor cleaning and mopping machines market are:

  • Bortex Industries
  • Denis Rawlins
  • Hako Group
  • Tennant Company
  • Wiese
  • Alfred Karcher GmbH & Co. KG
  • Clemas & Co.
  • Eureka S.p.A. Unipersonale
  • Nilfisk Group
  • Tornado Industries