High Density Polyethylene (HDPE) bottles Market Insights with Upcoming Trends Segmentation, Opportunities and Forecast to 2026

HDPE bottles are those bottles which are made from High-Density Polyethylene (HDPE) granules. HDPE pellets are made by heating petroleum to certain desired temperature. HDPE bottles are strongly preferred over traditional plastic bottles because of its properties such as lightweight yet super durable, impact-resistant, long lasting and weather resistant, resist any mold or rotting and from the manufacturing point of view it’s reusable and easy to mold, and it emits less of harmful gasses during production. For the reasons mentioned above HDPE bottles are now used in packaging of chemicals, detergents, cosmetic, fruit juices, etc. as it doesn’t contaminate any product.

Market: Drivers & Restraints

The market for HDPE bottles is expected to be primarily driven by household and individual’s demand which is increasing across the globe. Large chunk of working population travels a long distances for work, and they look for easy to carry, and sturdy bottles for their needs. HDPE bottles have been able to meet this wide gap, packaging designs, and strategies adopted by various FMCG industries in order to attract customer with a differentiator factor by packaging items in different design and types of HDPE bottles. HDPE bottles can be recycled and for the very fact that recycling saves energy and environment it is very popular in U.S. and as per a press article alone in U.S. 1 billion of HDPE bottles were recycled in 2012 only. Stringent rules and bans imposed by the government on the use of harmful plastic and manufacturing of harmful gasses and chemicals emitted during the production of plastic is a key factor driving the demand for HDPE bottles. Hazards of plastic contaminating the products with which it gets direct contact are few of the possible factors which will drive HDPE bottles market since HDPE bottles carry none of such threats.

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As HDPE granules are made with petroleum, price fluctuation in petroleum can pull the prices of HDPE bottles upwards. Adulteration in the manufacturing of HDPE bottles by mixing with cheap plastic to make profits unethically, recent claims by independent researchers that HDPE bottles emit estrogenic chemicals similar to ordinary plastic which can harm human health can act as a restraint for the growth of HDPE bottles market.

HDPE bottles Market: Regional Outlook

Based on the geographies, global HDPE bottles market is segmented into five regions — North America, Latin America, Europe, APAC, and the Middle East & Africa. Among the regions mentioned above, North America accounts for a significant share of HDPE bottles market, owing to the stringent regulations and norms in using a particular grade of plastic bottles. HDPE bottles have gained a substantial proportion due to its chemical composition which poise slightest threat to life and health, in U.S. product such as fruit juices, milk, detergent, cleaners, etc. are now primarily packaged in HDPE bottles which are in the way giving a massive boost to HDPE bottles market. Europe is followed by North America market for HDPE bottles market following a similar trend as U.S. However, Asia-Pacific market for HDPE bottles market is emerging and it is anticipated to grow substantially over the forecast period with booming F&B industries, pharmaceutical industries, and increasing households with population rise, etc. in the region. In the Middle East & Africa, the market of HDPE bottles are in a nascent stage, and it is expected that the market will grow over the forecast period. Latin America has witnessed a decent start for market of HDPE bottles, due to the demand from various field

HDPE bottles market: Key Players

Some of the major players identified in the HDPE bottles market are, Parker Plastics, Graham Blowpack Pvt.ltd.,  Vivek Polymer India, Maynard & Harris Plastics, CL Smith, All American Containers, O.BERK COMPANY, LLC, Alpha Packaging, Kaufman Container, Fisherbrand

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 geography, technology, and applications.

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• A competitive analysis of prominent players and emerging players in the keyword market
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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About 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, 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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Wild Rice Market Growth Trends, Key Players, Competitive Strategies and Forecasts to 2027

Wild rice is a member of the grass family and not rice. It is a long black grain, traditionally grown in the area such as isolated river bed and lake locations. It is native to North America and China having a nutty texture and holds its long shape after cooking. It is commonly used as an added constituent to recipes such as salads as well as mixed with other types of rice to create blends. The species forming a genus Zizania includes northern wild rice, wild rice, Texas wild rice, and Manchurian wild rice, among which first three are native to North America while the last one is native to China. Wild rice is low in fat and high in dietary fiber, the amino acid lysine, and protein, therefore it is preferred by most of the consumer as a substitute for rice, owing to high health consciousness among consumers.

Global Wild Rice Market Dynamics:

The growth of the global wild rice market is driven by growing demand for low-fat containing food and increasing health consciousness among consumers. The properties of wild rice including low in fat and high in dietary fiber, the amino acid lysine, and protein fueling the global wild rice market. Macroeconomic factors such as growing economy, changing lifestyle, increasing per capita income, and rapid rate of urbanization driving the global wild rice market. However, the high cost of wild rice and black rice as its substitute are expected to restrain the demand for global wild rice market. Some of the factors trending the global wild rice market include mergers & acquisitions between wild rice market players and its suppliers and high investment in the food industry. Companies operate in the wild rice market can increase its share through collaboration with wild rice suppliers, backward integration, and by offering organic products in the market.

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Global Wild Rice Market Segmentation:

The global wild rice market is segmented on the basis of product type, packaging type, distribution channel, end-user, and region. Based on product type global wild rice market is segmented as ready-to-eat and grains. Among which ready-to-eat segment is expected to expand at a relatively high CAGR in global wild rice market. On the basis of packaging, the global wild rice market is segmented as cartons, pouches, boxes, glass and plastic jars, wherein pouches segment is expected to expand at a relatively high growth rate over the forecast period.

Based on distribution channel, the global wild rice market segmented as wholesale and retail. Among which wholesale segment is expected to account for relatively high revenue share, attributed to rapidly growing food service industry, whereas retail segment is expected to expand at relatively high value as well as volume share in global wild rice market. The retail segment is again fragmented into convenient stores, hypermarkets/supermarket, e-Commerce, and individual stores. Among which, hypermarkets/supermarket, the segment is expected to contribute for major revenue share whereas, e-Commerce segment is expected to expand at a significant CAGR in the global wild rice market, attributed to increasing adoption of e-Commerce across the globe. On the basis of end-user, the global wild rice market is segmented as consumers, food services, and food manufacturers, wherein food services segment has significant revenue share, whereas, consumers segment is expected to register significant CAGR, over the forecast period.

Global Wild Rice Market Regional Outlook:

Based on the geographies, the global wild rice market is split into seven regions including North America, Western Europe, Eastern Europe, Japan, Asia-Pacific except Japan, Latin America, and the Middle East & Africa. Among the regions, North America is expected to dominate the global wild rice market with relatively high growth rate, owing to high demand for wild rice across the regions. Europe is followed by North America and is expected to expand at a significant growth rate in wild rice market, owing to high health awareness among consumers across the region. Asia-Pacific is expected to expand at significant growth rate, attributed to rapid rate of urbanization, rapidly growing population, and changing lifestyle of consumers across the region. The wild rice market in Asia-Pacific is also driven by high demand for wild rice in China, as wild rice is native to China.

Global Wild Rice Market Player:

Few players in the global wild rice market include Moose Lake Wild Rice, SunWest Foods Inc., Amira Nature Foods Ltd., Lundberg, Nature’s Gourmet Foods, Inc., InHarvest, Inc., Lake of the Woods Wild Rice CO., Gibbs Wild Rice CO., Erickson Processing Inc., Coilws Com Inc., and Agassiz Wild Rice LLC.

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• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About 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, 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.

Contact Us:

Mr. Debashish Roy
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United Arab Emirates
MARKET ACCESS DMCC Initiative
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Big Data Security Market Perspective, Comprehensive Analysis, Growth and Forecast 2017-2027

Storing personal data securely, in this fast-paced world has become the most daunting task for big organizations today. Especially with the advancements in technology even the cyber security attacks are becoming sophisticated day by day, eluding all the traditional security tools, leading to demand for advanced protection techniques such as Big Data security. Big Data security is just a tool used to secure huge amounts of data possessed by large enterprises. Large enterprises having thousands of employees need to secure bulks of personal data about their employees and customers and even need to manage it to analyze and even predict security incidents.

The market for big data security holds a substantial revenue share in the security markets. Also, the market is anticipated to witness a healthy CAGR, as the enterprises continue to expand the size of their company. As the size of the enterprise increases, employees and customers will increase thereby impacting the data volumes generated by the company thereby raising the need to maintain and secure the data.

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Global Big Data Security Market: Market Dynamics

Increasing sophistication in the attacking techniques leaving the data vulnerable, in addition to rising volumes of data generated by different enterprises is the key factor driving the market of big data security. Big Data security is nowadays necessary for all the huge enterprises, may they belong to any domain, but it is inevitable for the banking & financial service providers as well as for government and defense departments. These organizations possess the most critical assets and information about public and hence it is crucial for them to manage and secure it.

Also with the advancing technologies, a large amount of R&D, is in progress in this field, which is expected to drive the growth of the market. Also, the cloud solutions for big data security are cost-effective and provide accessibility across the world. Because of the minimal amount of hardware required they can be accessed from anywhere, anytime. Due to these reasons cloud technologies, greatly ease the process of securing and managing data, driving the growth of big data security market.

However, high installation costs, limited data security budgets and lack of awareness about data security are the primary reasons that can thwart the growth of Big Data Security market.

Global Big Data Security Market: Regional Outlook

Regionally, the global Big Data Security market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

The APAC region is expected to be the fastest-growing region in the sandboxing market. The major reason being the rising cyber security attacks in this region.

In the developed economies of the US and Canada, there is a high focus on innovations obtained from Research and Development (R&D) and security technologies.

The North American region, followed by Europe, is expected to be the largest revenue-generating region for Big Data Security market in 2017.

Global Big Data Security Market: Competition Landscape

The key vendors in the global Big Data Security market are Oracle Corporation, Microsoft Corporation, Symantec Corporation, IBM Corporation, Amazon Web Services, Hewlett Packard Enterprise, Mcafee, LLC, Check Point Software Technologies Ltd., Imperva, Inc., and Dell Technologies. High Investment in R&D and continuous technological innovations to onset the malicious attacks is the key strategy followed by major market vendors to gain competitive edge.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About 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, 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.

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Industrial Valves Market: Notable Developments & Geographical Outlook

Up from the revenues worth US$ 61 Bn registered in 2018, the global market for industrial valves is projected to witness modest growth by the end of 2019. A new market research report by Future Market Insights (FMI) suggests that the increasing exploration activities for new water sources will predominantly favor the growth of market over the course of coming years.

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  1. The global industrial valves market size in 2018 was ~US$ 61 Bn.
  2. The industrial valves market is expected to grow at a CAGR of ~4% during the forecast period of 2019-2029.
  3. Besides adoption for automatic functions of valves, the increasing demand for manual structures has been recently driving the sales of industrial valves.
  4. Collectively, Asia Pacific Excl. Japan and North America are likely to account for ~70% of the revenue shares in the industrial valves industry by the end of 2029.
    • North America, attributed to the strong presence of the oil & gas industry, will continue to be a prominent regional market for industrial valves manufacturers.
  5. The oil & gas industry is estimated to remain the prominent end-use industry for industrial valves market players.
    • The oil & gas industry has witnessed significant growth over the recent past, and the revival of the oil & gas sector has been particularly noteworthy.
    • Noteworthy application potential of industrial valves has been identified in the water & wastewater treatment.

Market in APEJ Projected for Remunerative Growth

The market in Asia Pacific excluding Japan (APEJ) is expected to exhibit lucrative growth potential in the global industrial valves market over the forecast period of 2019-2029. According to the report, this growth is propelled by the rapid growth in the oil & gas industry in countries of APEJ such as India and China, and ASEAN Countries, among others. The economic condition of these countries have been positively developing.

Furthermore, owing to the effects of macroeconomic factors such as growing population, urbanization, and rapid industrialization, the confidence of investors and investments in housing and other residential projects across APEJ has increased drastically. Consequently, the region’s chemical has considerable momentum over the past few years. This overall scenario is translating into modest growth in the demand for valves across the multiple industries, eventually pushing the market growth potential of APEJ.

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By segmentation:

By Valve Type

  • Gate
    • Parallel
    • Wedge
  • Globe
    • Tee
    • Angle
    • Wye
  • Ball
    • Trunnion
    • Floating
    • Threaded Series
  • Butterfly
    • High Performance
    • Lined
  • Plug
    • Lined
    • Lubricated
    • Non-Lubricated
  • Check
    • Dual Plate
    • Piston Lift
    • Spring Loaded Disk
    • Swing Check
    • Tilting Check
    • Y Pattern
    • T Pattern
  • Safety Relief
    • Spring Loaded
    • Pilot Operated
  • Other Customized

By Valve Material

  • Cast Steel
  • Carbon Steel
  • Stainless Steel
  • Bronze
  • Other Alloys

By End-use Industry

  • Oil & Gas
  • Chemical
  • Water & Wastewater Treatment
  • Power Plants
  • Paper & Pulp
  • Others

By Function

  • Manual
  • Automatic

By Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • APEJ
  • Middle East and Africa
  • Japan

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Competitive Analysis:

The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial valves market such as GE Company, Emerson, Flowserve Corporation, Schlumberger Limited, TechnipFMC Plc, KSB SE & Co. KGaA, x KITZ Corporation, Alfa Laval Corporate AB, Curtiss-Wright Corp., CIRCOR International, Inc., IMI Plc, Mercer Valve Co., Inc., National, Oilwell Varco, Inc., Weir Group Plc., Neway Valves, AVK International A/S, Flowserve Corporation, and LESER GmbH & Co. KG, among others.

Barcode Scanner Market Is Expected To Grow At A CAGR Of Over 7.6% Between 2021 And 2031

The market is expected to grow at a CAGR of over 7.6% between 2021 and 2031. Increase in healthcare sector is expected to increase the demand for barcode scanners over the assessment period.

Despite challenges posed by COVID-19 outbreak, the barcode scanner demand increased with a rapid shift from handheld laser scanning to imaging solutions.

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North America will remain as a leading market, accounting for over 30% value share in 2021. Barcode scanner demand outlook for North America is expected to remain positive with the healthcare sector touted as leading contributor.

The global barcode scanner market is estimated to be valued worth US$ 7 Bn in 2021, according to FMI. The market is expected to register robust growth on the backdrop of healthy demand from retail, e-commerce and logistics, healthcare, and manufacturing sectors.

Laser-based scanner is expected to remain as the prime technology. Laser scanners are widely used in regions with established manufacturing and retail sectors such as Western Europe and North America. By the 2021-end, laser scanners are estimated to accounts for 32.3% revenue share of the market and will continue to be the most preferred barcode reader technology throughout the assessment period.

Portable/Handheld Barcode Scanner Sales Poised to Surge

The portable/handheld segment (includes rugged, cordless, automatic, PDA and other scanners) is projected to increase at a CAGR of 5.7% over the forecast period. By technology, the camera-based reader segment is projected to gain 430 basis points during the forecast period due to increasing demand from the retail and manufacturing sectors in North America.

The healthcare end-use segment is projected to gain more than 350 basis points during the forecast period due to increasing demand for barcode scanners in hospitals in North America.

However, camera-based reader is anticipated to see the fast adoption as these scanners are innovative and configured with advanced 2D imaging technology. Based on product type, portable/handheld scanners are expected to remain top choices of barcode scanners amongst consumers over the forecast period.

Owing to characteristics such as faster print speed and versatility, demand for portable/handheld barcode scanners is rapidly increasing in various parts of the world. Use of barcode scanners in the retail and commercial sector continues to be the highest and is expected account for a major chunk of revenue over the forecast period. Meanwhile, the healthcare industry is swiftly adopting the barcode technology as well.

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Amongst regions, markets in Asia Pacific excluding Japan (APEJ) and North America are expected to exhibit high growth potentials. In APEJ, China and India are projected to achieve impressive growth of their barcode scanner market. By 2017-end, the region is projected to account for a revenue share of 29.5%, which is expected to increase to 33.8% towards the end of the forecast period.

By Segmentation:

By Product Type

  • Portable/Handheld
    • Rugged Scanners
    • PDA Scanners
    • Automatic Readers
    • Others
  • Fixed Position
    • Stationary Scanners
    • Presentation Scanners
    •  Automatic Readers
    • Others

By End Use

  • Retail & Commercial
  • General Manufacturing
  • Healthcare
  • Logistics & Warehouse
  • Commercial Aviation
  • Defence
  • Others

By Technology

  • Pen Type Reader
  • Laser Scanner
  • CCD (Charge Coupled Device) Readers
  • Camera Based Reader
  • Omni Directional Barcode Scanner
  • Smartphone Based Scanner
  • RFID (Radio Frequency Identification Technology

By Region

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

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Competitive Analysis:

Market players are targeting APEJ as their key sales region.  Zebra Technologies Corporation, Honeywell International Inc., DataLogics S.P.A, Cognex Corporation, OCOM Technologies, Wasp Barcode Technologies, JC Square Inc., SATO Holdings Corporation, Scandit AG and Toshiba TEC Corporation are some of leading companies profiled in the FMI report.

Global Pallet Pooling Market to Cross US$ 11 Bn Mark by 2029

Pallet pooling ensures the availability of pallets at the operational location, which results in a lean supply chain. Lean supply chain management leads to effective operational lead time. Owing to the rising inclination of most end users towards cost reduction, along with optimum lead time, the pallet pooling market is estimated to gain noteworthy traction in the coming decade.

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According to a new research report published by Future Market Insights (FMI), the pallet pooling market is estimated to exhibit 6% CAGR over the forecast period, to reach a valuation of more than US$ 11 Bn by the end of 2029.

Pallet Pooling Market to Cross US$ 11 Bn Mark by 2029. Wood and plastic will remain the material of choice for manufacturing pallet pooling. Pallet pooling derived from wood continues to capture a higher demand share as compared to other materials such as steel and composites.

Further, the sales of wood pallet pooling will surpass the US$ 6 Bn mark during the latter half of the forecast period. Preferred for its durability and cost efficiency, disposable plastic pallet pooling is likely to witness notable upsurge in its revenue share in the global pallet pooling market in the near future.

Key Takeaways of Pallet Pooling Market Study

  1. Pallet pooling has prominent application in the FMCG sector, as warehouses play a crucial role in this industry.
  2. In terms of material, plastic pallet pooling is estimated to witness notable demand, owing to high reliability, durability, and cost-effectiveness of plastic pallets as compared to other types.
  3. Globally, the pallet pooling market in GCC countries is estimated to witness lucrative growth, owing to the positive outlook for industrial trade activities in the region, particularly for the e-Commerce industry. The U.S. is expected to hold a leading share in the global market, registering a significant CAGR throughout the forecast period.
  4. In recent years, pallets tagged with RFID have become more popular amongst end consumers, owing to their ability to provide location as well as detailed information related to stacked products on pallets.
  5. Pallet pooling is a one-time investment business, in which, the owner has to purchase pallets and then pooling can be done without any large investment. As a result, the market offers high profit margins to its participants.
  6. For the effective operational efficiency of pallets, pallet service providers perform quality checks after the end of every service cycle to provide high-quality pallets and efficient service cycles to end consumers. Continuous and high standard quality checks of pallets are estimated to help players in the global pallet pooling market gain a competitive advantage.

 “In the pallet pooling market, flexible payment profiles allow end consumers to pay rent monthly or quarterly at fixed rental rates throughout the term of the agreement, and customizations can be made in rental agreement terms to suit the period of budget allocation and income patterns.”

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By Segmentation:

Structural Design

  • Blocks
  • Stringers
  • Customized

Material

  • Wood
  • Composite
  • Plastic
  • Steel
  • Other Metals

End User

  • FMCG
  • Food & Beverages
  • Pharmaceuticals
  • Electronics
  • Chemicals
  • Others

Region

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

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Competitive Landscape

The pallet pooling market is highly consolidated, owing to the presence of a limited number of pallet pooling service providers across the globe. Brambles Limited, Euro Pool Group, Faber Halbertsma, and Loscam are considered to be leading players in the pallet pooling market. Most market players are focusing on expanding their sales footprint in developing markets such as South Asia and the Middle East through the establishment of additional regional offices and sales partners.

Global Hand Tools Market To Reach ~US$ 25.6 Bn By The End Of 2031, Growing At A CAGR Of 3.9% Over The Forecast Years 2021-2031

The proliferation of do-it-yourself (DIY) culture owing to the rising labor costs in developed countries such as the UK, U.S., and Germany is anticipated to play a pivotal role in increasing the demand for hand tools. A study by Future Market Insights (FMI) has predicted the global hand tools market to reach  ~US$ 25.6 Bn by the end of 2031, growing at a CAGR of 3.9% over the forecast years (2021-2031).

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In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for hand tools Market. The report tracks the global sales of hand tools in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the industrial, household, DIY sector in general, and hand tools in particular.

Key Takeaways of Hand Tools Market Study

  • After recording negative growth in 2020 amid COVID-19, 2021 will be a year of recovery for the market, as it is forecast to exhibit over 3% Y-o-Y growth
  • The U.S. will remain a highly lucrative market, accounting for 80% of hand tools sold in North America
  • Within Europe, the U.K. will emerge as an important market, exhibiting a little above 3% Y-o-Y growth in 2021
  • Germany and France also will record consistently rising demand for hand tools through the forecast period
  • South Korea and Japan will emerge as attractive markets for sales in East Asia

“The hand tools market has been exhibiting consistent growth, despite temporary lull witnessed amid COVID-19. Factors such as the rapidly growing urbanization in developing economies and the adoption of technologically sound and innovative hand tools have been encouraging market players to focus on innovations. Moreover, increase in practice of DIY activities is expected to create positive prospects for hand tools market growth over the forecast period,” said a lead analyst at FMI.

According to FMI, the market for hand tools is growing primarily due to the versatile features of hand tools such as the reduced size of the tool kit, maintenance & weight, and the increasing preference for multiple tools for multiple applications across various industries. Increasing customer preference towards DIY activities to surge the hand tools market globally.

Furthermore, high cost of maintenance and repair services for auto parts has created an urge among customers to execute do-it-yourself activities on their vehicles for short-term maintenance & repair. This has provided the manufacturers tremendous potential to manufacture hand tools and launch new & innovative products in the market.

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By Segmentation:

Product Type

  • General Purpose Tools
  • Metal Cutting Tools
  • Layout & Measuring Tools
  • Taps & Dies

Application

  • Industrial
  • Household and DIY

Sales Channel

  • Online Sales
  • Retail Sales
  • Distributor Sales

Region

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

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Competitive Analysis:

Some of the leading players operating in the market are Stanley Black & Decker, Inc., Snap-on Incorporated, IDEAL INDUSTRIES, INC., Apex Tool Group, KLEIN TOOLS INC., Emerson Electric Co., Akar Tools Limited, Channellock, Inc., JK Files (India) Limited, Kennametal Inc., Wera Tools

Foodservice Equipment Market: Notable Developments & Geographical Outlook

Evolving food industry trends and changing dynamics of manufacturing and delivering methods in the foodservice industry are primarily shaping the market for foodservice equipment. Sales would multiply at a promising CAGR of over 5% during 2019 – 2029, as projected by a new Future Market Insights (FMI) report.

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Most restaurant owners are shifting towards smaller-sized kitchen equipment to optimize their space and perform multiple functions at the same time. Operators of food trucks and pop-up restaurants are on the lookout for equipment that can easily fit on a counter top and free up square footage for other essentials. These trends will remain pivotal in the market build-up over the following years.

Key Takeaways – Foodservice Equipment Market Study

  • Food tourism – a new global trend especially in millennials has played a vital role in driving interest in food experiences and has led to increase in the number of food tour companies. This increase will continue to push demand for professional foodservice equipment for proper food handling and hygiene.
  • Automatic, wireless, and aesthetic designs in foodservice equipment that fit in smaller floor spaces, and are amenable with rules set by regulatory bodies such as NSF, will gain more significance.
  • Emergence of equipment with multifunctional capabilities will weigh heavy on conventional models in the near future.
  • To gain an edge over competition and increase efficiency, restaurants and hotels are upgrading and replacing old foodservice equipment with convenient digital touch control foodservice equipment.
  • By eliminating the usage of natural resources, key players are focused on introducing new equipment with energy efficiency capabilities, leading to improved cooking and production time.
  • North America is projected to be a prominent regional market for foodservice equipment, owing to high demand for replacement and renovations, along with aftermarket parts and service offerings, especially in the U.S.

The demand for foodservice equipment is mainly defined by renovation activities and miniaturization of the equipment to fit in relatively small floor spaces. Product customization, with new space-saving installations in accordance with standards, rules, and codes will play an important role in the value chain of the market.

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By segmentation:

The global foodservice equipment market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Equipment

  • Food Preparation Equipment
    • Slicers & Peelers
    • Mixers & Grinders
    • Food Blenders
    • Processors
    • Others
  • Drink Preparation Equipment
    • Drink Blenders
    • Juicers
    • Ice Crushers
    • Others
  • Cooking Equipment
    • Grills
    • Fryers
    • Ovens
    • Toasters
    • Others
  • Heating & Holding Equipment
    • Warmers
    • Merchandisers
    • Sauce Dispensers
    • Others
  • Refrigerators & Chillers
  • Baking Equipment
  • Merchandisers
  • Dishwashers
    • Semi-integrated
    • Fully-integrated
    • Countertops/Benchtop & Portables
  • Other F&B Service Equipment

End Use

  • Full Service Restaurant & Bars
  • Quick Service Restaurant
  • Indoor and Outdoor Caterers
  • Hotels & Resorts
  • Club Restaurants
  • Commercial Canteens
    • Institutions & Offices
    • Hospitals
  • Transportation
    • Airways
    • Ships
    • Railways

Sales Channel

  • Physical Stores
  • Online Platforms

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

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Competitive Analysis:

With more number of small-scale manufacturers having similar product offerings, the market structure would remain fragmented. Furthermore, the increasing number of players in the foodservice equipment market has been pushing manufacturers to include forward integration in terms of services and installation, by offering aftersales support. In terms of revenue, significant players such as Middleby Corporation, Welbilt, Ali Group S.r.l., ITW Food Equipment Group, AB Electrolux, Hoshizaki Electric Co., Ltd, Qingdao Haier Co., Ltd, and Rational AG together hold a significant share of market pie, backed by well-established sales networks and long-term partnerships with consumers.

Global Heat Pumps Market Was Valued At Around US$ 32 Bn In 2019 And Is Estimated To Expand At A CAGR Of 5% Over The Forecast Period Of 2020-2030

According to FMI’s recent study, the global heat pumps market was valued at around US$ 32 Bn in 2019 and is estimated to expand at a CAGR of 5% over the forecast period of 2020-2030, with a limited impact of the current pandemic situation on long-term growth forecasts. Increasing demand for tech-advanced cooling solutions with low carbon footprint, government initiatives to curb greenhouse gas emissions, and advancements in heating, ventilation, and air conditioning (HVAC) systems are factors contributing to the revenue pool of the global heat pumps market.

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Energy-efficiency and environment-friendliness continue to be buzz words that impact production and demand of heat pumps. However, given that construction, especially in the residential segment, is a key determinant for demand of heat pumps, the drop in construction activity in almost all countries due to the COVID-19 pandemic has severely hurt the market. Some countries witnessed a drop in construction activity as high as 80 percent in 2020 when compared to the previous year. As a result, previous growth estimates for the market have been thrown awry and key players in the market have been forced to recalibrate their strategies.

As the world attempts to fight the COVID-19 pandemic, it has led to delayed production across several heat pump production facilities in major coronavirus hit countries such as the US, China, and Germany, This is expected to dampen heat pump sales by around US$ 1 Bn in 2020. Moreover, the COVID-19 pandemic will significantly impact consumer behavior in the short term, with domestic shipments from China for air source heat pumps (ASHPs) registering drop of over one-third in January 2020.

The global heat pumps market will witness v-shaped recovery growth, owing to rising inclination towards innovative construction solutions, especially in countries such as India, China, and Mexico.

Key Takeaways from Heat Pumps Market Study

  • Air-water heat pumps are finding immense use in domestic hot water, floor heating, and space heating/cooling applications.
  • Heat pumps having flexible or twin-speed features to reduce energy consumption and improve overall efficiency throughout are likely to garner substantial traction over the forecast period.
  • Demand for CO2 refrigerant heat pumps is expected to increase, given its excellent recyclability, low cost, and environment-friendly attributes.
  • Hybrid heat pumps are likely to see significant rise in adoption, owing to their high efficiency, lower energy consumption, and cost effectiveness as compared to other heat pumps.
  • Air-source heat pumps continue to grab huge attention of market players, owing to their low installation cost and high demand in North America and Western Europe.

“As the world moves towards sustainable and green energy solutions, heat pumps are expected to replace conventional heating systems rapidly in the near term. In addition, the ongoing coronavirus (COVID-19) spread can alter how companies organize their supply chains in the coming years, with more stress being layed on decentralization”.

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By Segmentation:

The global heat pumps market is segmented into six segments in detail to cover every aspect of the market and present complete market intelligence to the readers.

Type

  • Air-water Heat Pumps
  • Air-air Heat Pumps
  • Ground Source Heat Pumps
  • Hybrid Heat Pumps

Power Source

  • Electric
  • Others (Gas Driven)

End User

  • Residential
  • Commercial
  • Industrial

Refrigerants

  • HFC
  • CO2
  • Ammonia
  • Hydrocarbon
  • Others

System Type

  • Air-source Heat Pumps
  • Ductless Mini-split Heat Pumps
  • Geothermal Heat Pumps
  • Absorption Heat Pumps

Region

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

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Competitive Landscape

The study provides vital insights of the competition landscape in the heat pumps market, along with various strategies adopted by prominent players. The global heat pumps market is fairly competitive, with manufacturers offering identical products. Some of the key manufactures in the heat pumps market are Panasonic Corporation, Mitsubishi Electric Corporation, Daikin Group, NIBE Group, and Danfoss Group Global.

Global Power Tools Market Is Expected To Reach US$ 33.36 Bn In 2021

The global power tools market is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. As per Future Market Insights (FMI) analysis, the global power tools market is expected to reach US$ 33.36 Bn in 2021.  The demand is expected to soar as construction activities surge around the world. According to FMI, construction applications will account for maximum sales in the market through the forecast period. Besides this, the rising trend of do-it-yourself activities will fuel sales opportunities for the market.

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

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

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

Key Takeaways of Global Power tool Market Study

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

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

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By Segmentation:

Product Type

  • Drilling Tool
  • Fastening Tool
  • Heat Gun
  • Angle Grinder
  • Chain Saw
  • Orbital Sander
  • Jigsaw
  • Impact Wrench
  • Circular Saw

Technology

  • Electric
    • Corded
    • Cordless
  • Pneumatic

Application

  • Manufacturing
    • Metal Fabrication
    • Automotive
    • Railways
    • Aerospace
    • Furniture
    • Others
  • MRO Services
    • Facility Management
    • Automotive
    • Aerospace
    • Other Industrial
  • DIY
  • Construction

Sales Channel

  • Online
  • Offline

Region

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

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Global Power tool Market Competitive Landscape

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