Bridge Expansion Joints Sales to Rise at 5.5% Through 2031; China to Remain Dominant

Future Market Insights (FMI) digs deep into the global bridge expansion joints market and fetches key information through structured market research. The report titled “Bridge Expansion Joints Market Global Industry Analysis 2016–2020 and Opportunity Assessment 2021–2031” gauges the market and predicts the future demographic and changes. Based on the findings specified in the report, the market is expected to witness rising demand for bridge expansion joints from construction firms and government sector over the coming years. Escalating demand for bridge expansion joints in developing regions is projected to drive the global bridge expansion joints market.

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The estimated value of the bridge expansion joints market in 2021 is US$ 990.8 Mn and the market is expected to expand at a CAGR of 5.5% during the forecast period from 2021 to 2031.

Global Bridge Expansion Joints Market Dynamics

Increasing investments for infrastructural development across the globe will act as a catalyst for the overall growth of the bridge expansion joints market during the forecast period. Moreover, increasing construction activities in developing regions, such as SEA & pacific, are estimated to fuel the growth of the bridge expansion joints market over the forecast period.

On the flip side, one of the key challenges faced by the manufacturers of bridge expansion joints is that the upper layer of steel expansion joints corrodes when exposed to salts or de-icing salts. This is anticipated to be the primary factor hampering the growth of the bridge expansion joints market over the forecast period. Moreover, bridge expansion joints require high logistics cost due to their heaviness, which is another factor anticipated to act as a restraining factor for the growth of the bridge expansion joints market in near future.

Global Bridge Expansion Joints Market Forecast

Market insights suggests that the overall size of the global bridge expansion joints market will expand over the forecast period. Several positive changes are expected to fuel the growth of the global bridge expansion joints market.

By region, China is projected to dominate the global bridge expansion joints market over the forecast period. China, followed by Western Europe, is estimated to remain the most opportunistic region in the bridge expansion joints market. In terms of value, China is projected to create incremental $ opportunity worth US$ 130.9 Mn in the global bridge expansion joints market during the forecast period. Middle East & Africa (MEA), followed by Latin America, are projected to grow at a significant CAGR over the forecast period in the global bridge expansion joints market.

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By type, the closed type expansion joints segment is projected to dominate with a value of US$ 371.9 Mn in 2021. However, the open joints segment is projected to account for more than 40% share in the global bridge expansion joints market during the forecast period. In terms of growth, open type bridge expansion joint segment is projected to grow with modest growth rate during the latter half of the forecast period.

By application, the roadway bridges segment is projected to dominate the global bridge expansion joints market. In terms of volume, the demand from roadway bridges segment is projected to be pegged at 12,604 ‘000 meters by the end of 2031. In terms of value, the railway bridges segment is projected to create incremental $ opportunity worth US$ 118.8 Mn in the global bridge expansion joints market over the forecast period. Under the application segment, the roadway bridges sub-segment is expected to grow with remarkable growth rate in the global bridge expansion joints market owing to increasing roadway network in developing regions.

Bridge Expansion Joints Market Competitive Landscape

Some of the key players involved in the manufacturing of bridge expansion joints and included in this study are Trelleborg AB, Canam Group Inc., Ekspan Ltd., Freyssinet Limited, Granor Rubber & Engineering Pty. Limited, Gumba GmbH & Co. KG, KantaFlex (India) Private Limited, Mageba SA, Metal Engineering & Treatment Co. Pvt. Ltd., ZaoqiangDacheng Rubber Co., Ltd., RJ Watson, Inc., TensacciaiS.r.l., Maurer SE and Watson Bowman Acme Corp.

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About Industrial Automation Division at Future Market Insights

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

Global Compost Turning Machine Market is projected to reach around US$ 150 million towards the end of the forecast period,

Over 3,200 compost turning machines were sold globally, in 2018, which is likely to rise at a moderate pace in 2019 and ahead. The compost turning machine market is foreseen to gather momentum in the near future, primarily driven by the increasing severity of waste management and soil quality management concerns.

A new research report of Future Market Insights (FMI) tracks global compost turning machine market performance over 2018-2028 and analyzes the demand patterns of compost turning machine on the basis of various attributes such as product type, output capacity, end-use industries, and region.

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Drum type compost turner machine is likely to maintain a dominating market value share through 2028, as indicated by the report. However, elevating face type compost turner machine that currently accounts for more than a third of the total market value, is projected to gain significant traction in the years to come. The report has attributed this growth to manufacturers’ focus on developing new technologies for compost turning machines as per the demand from different countries.

Increasing Concern about Food Waste Management & Recycling Pushing Demand 

Increasing frequency of environmental changes is compelling consumers to move towards food waste recycling machines. Moreover, there has been an increasing level of awareness about food wastage among consumers, which is highlighting the importance of food waste recycling machines. This is one of the primary boosters for the revenue growth of compost turning machine market. According to research, the household sector accounts for over half of the food wasted, particularly in developed countries. Such factors are more likely to elevate the demand for compost turning machines throughout the forecast period.

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Agriculture Industry Will Remain Significant End-use Segment in Compost Turning Machine Market

The agricultural end use of compost turning machine is expected to be a highly influential segment in compost turning machine market, according to the report. FMI has attributed the maximum market value share of agricultural industry in compost turning machine market to the growing demand for compost for the maintenance of organic carbon content of soil, eventually improving the uptake of nutrients by soil. Also, these machines reduce the use of fuel consuming land preparation processes owing to improvement in soil health, further advocating the adoption of compost turning machines.

Developed Regional Markets for Compost Turning Machine to Hold Noteworthy Revenue Shares

Agriculture industry in North America and Western Europe is heavily mechanized and commercialized. While agriculture is a major industry in both Canada and the US, the former has been one of the largest agricultural exporters and producers around the world. Moreover, highly developed agricultural practices in North America will provide endless opportunities to compost turner machine manufacturers during the forecast period.

Compost turning machine market in fast progressing Asian countries such as India and China is also registering significant growth owing to stringent government regulations that are likely to promote the use of these equipment in food manufacturing plants.

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Global Compost Turning Machine Market: Competitive Landscape

Some of the players profiled in the global compost turning machine market report include Terex Corporation, Vermeer Corporation, Eaggersman AG, Scarab International, Midwest Bio-Systems, Inc., Brown Bear Corporation, EarthSaver Equipment Inc., Komptech Group, Frontier Industrial Corporation, Alliance Fertilizer Machinery, HCL Machine Works, and Blue Group among others. Manufacturers are likely to maintain the focus on product technology innovations for sustained market value shares in the compost turning machine landscape.

FMI has tracked the performance of global compost turning machine market for a decade-old projection period, 2018-2028. To gain more insights, write to the analyst at press@futuremarketinsights.com

Mine Rescue Vehicle Market 2021 | Present Scenario and Growth Prospects 2028

The global mining industry has gradually enhanced over the course of the years, having endured a lengthy period of sluggishness in the wake of the global financial crisis and economic recession. The growth of the mining industry depends partly on the GDP trend. Furthermore, growing demand for minerals, combined with stabilized prices of metal is expected to boost the mining industry in the coming years, which in turn will drive the mine rescue vehicles demand over the forecast period. Mine rescue vehicle enables the rescue crews to reach the most remote areas of the mine, without the limitations formerly dictated by the capability of breathing apparatus.

Moreover, economic realities and technical progress of mining is driving the mines to larger depths and distances in order to explore valuable minerals such as gold, iron ore, potash among others. The increasing depths of the underground mining activities is creating new challenge for the rescue team in case of emergencies. As, to reach the most remote part of the mine on time in case of emergency and safely return safely after completing rescue operation if the most important part of the rescue mission. This can only be done by using the mine rescue vehicles and is one of the key factors responsible for positive outlook of mine rescue vehicles market during the forecast period.

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Global Mine Rescue Vehicle Market: Dynamics

The increasing mining activities across the globe in order to trap untapped minerals is anticipated to create significant demand for mine rescue vehicles market during the forecast period. As the starting of any new exploration activity will require the rescue vehicles in order to save the life of the workers during the time of emergency.  Moreover, the manufactures are working on the development of the more efficient rescue vehicles which is capable to reach most remote sites safely and is having significant oxygen storage capability in the berating apparatus. Additionally, the cabins of the mine rescue vehicles are made airtight in order to protect the rescue team from harmful external gases.

Global Mine Rescue Vehicle Market: Market Participants

In the global market of mine rescue vehicles, the manufacturer are engaged in the development of the easily accessible vehicles to the remote areas are

Drägerwerk AG & Co. KGaA

Frontline Fire & Rescue Equipment

Astec Industries Inc.

Baseline Group

com.au

Mercedes-Benz

Expat Rescue

The report covers exhaustive analysis on:

Mine Rescue Vehicle Market Segments

Mine Rescue Vehicle Market Dynamics

Mine Rescue Vehicle Market Size

Mine Rescue Vehicle Current Trends/Issues/Challenges

Mine Rescue Vehicle Competition & Companies involved

Mine Rescue Vehicle Value Chain

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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)

Global Mine Rescue Vehicle Market: Segmentation

The global mine rescue vehicles market can be segmented on the basis of vehicles type, capacity, mine type and region.

On the basis of vehicle type, the global mine rescue vehicles market is segmented as:

Passenger Shuttle/ Car

Ambulance

Fire & Rescue Truck

On the basis of capacity, the global mine rescue vehicles market is segmented as:

Light & Medium Duty Mine Rescue Vehicles

Heavy Duty Mine Rescue Vehicles

On the basis of mine type, the global mine rescue vehicles market is segmented as:

Surface Mining

Underground Mining

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Report Highlights:

Detailed overview of parent market

Changing market dynamics in the industry

In-depth market segmentation

Historical, current, and projected Mine Rescue Vehicle 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 Mine Rescue Vehicle market performance

Must-have information for Mine Rescue Vehicle market players to sustain and enhance their market footprint

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Mining Vehicle AC Kits Market 2021 Development Status, Competition Analysis, Type and Application 2028

Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on the overall performance of the vehicle. Contemporary mining vehicle AC kits ensure thermal comfort for vehicle occupants across a wide range of temperatures. The air condition system of any vehicle is an integral factor that influences consumer purchasing behavior.

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Mining Vehicle AC Kits Market: Dynamics

The global mining vehicle AC kits market is highly dependent on the mining industry outlook around the globe. The mining industry is dynamic in nature, and its fluctuation depends upon the performance of various end-use sectors. This makes the mining industry correlated with the overall global economic scenario. The mining vehicle AC kits market has been witnessing slow economic growth, due to political turmoil and growing protectionism, which lead to a decline in mining activities and related markets.

Mining Vehicle AC Kits Market: Regional Outlook

Geographically, the mining vehicle AC kits market has been segmented into eight regions: Western Europe, Eastern Europe, Middle East and Africa, North America, Latin America and the East Asia Pacific, South Asia and Oceania. During the forecast period, Europe is expected to hold a major share in the global mining vehicle AC kits market and remain prominent, owing to the existing fleet of large mining equipment, sales of mining vehicles and increased focus of mining companies towards increasing production capacity in this region. Asia Pacific is expected to exhibit high growth in the mining vehicle AC kits market, owing to the increasing demand for energy from rapid industrialization in the economies of South East Asia, such as Indonesia, India, Bangladesh, and Vietnam. The rest of the world is estimated to account for a relatively small share of the mining vehicle AC kits market.

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Mining Vehicle AC Kits Market: Market Participants

Some of the examples of market participants operating across the value chain of the global mining vehicle AC kits market are:

Robert Bosch GmbH

The DC Airco Company BV

ZF Friedrichshafen AG

Hammond Air Conditioning Ltd.

HELLA GmbH & Co. KGaA

ATC

Red DOT Corporation

Global Air, Inc.

Subros Limited

DENSO

Lyons Air Conditioning

The report covers exhaustive analysis on:

Market Segments

Market Dynamics

Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies involved

Technology

Value Chain

Regional analysis includes:

North America (U.S., Canada)

Latin America (Mexico, Brazil)

Western Europe (Germany, Italy, France, U.K., Spain)

Eastern Europe (Poland, Russia)

Asia Pacific (China, India, ASEAN, Australia & New Zealand)

Japan

Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Mining Vehicle AC Kits Market: Segmentation

Based on equipment type, the mining vehicle AC kits market can be segmented as:

Crushing, pulverizing, and screening equipment

Drills & breakers

Mineral processing equipment

Surface mining equipment

Dozers

Excavators

Motor graders

Rigid dump trucks

Based on operation, the mining vehicle AC kits market can be segmented as:

Surface mining equipment

Underground mining equipment

Based on sales channel, the mining vehicle AC kits market can be segmented as:

OEM (Original Equipment Manufacturing)

Aftermarket

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Report Highlights:

Detailed overview of parent market

Changing market dynamics in the industry

In-depth market segmentation

Historical, current, and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape

Strategies of key players and products offered

Potential and niche segments, geographical regions exhibiting promising growth

A neutral perspective on market performance

Must-have information for market players to sustain and enhance their market footprint

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Conveyor System Sales to Surpass 16,000 Units by the End of 2031 As Overhead Conveyor System Gains Traction in Automotive Industry: FMI

The conveyor system market saw steady growth in 2021 with worldwide revenues up 3.5% year over year. Future Market Insights (FMI) has forecast the conveyor system market to reach US$13.7 billion in 2021 at a CAGR of 4.5%, backed by increasing mergers & acquisitions by Tier-1 companies and integration of machine learning and internet of things in material handling solutions.

Conveyor systems demand s significantly increasing from the mining industry. Mining requires transportation and handling of large volume of heavy goods and debris. Low cost of conveyor system and minimum maintenance make them ideal choice for long distance transportation.

Rising per capita income and rapid economic growth in developing countries like India and Brazil are driving the manufacturing industry. This coupled with automation in fast-moving consumer goods (FMCG), baggage handling, and manufacturing industries will positively influence the market growth over the forecast period.

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Industries are looking towards optimizing their manufacturing process to improve efficiency and production rate. This has encouraged advancements in conveyor system development and integration of automation in material handling system.

Automated conveyor systems eliminate human error, improve safety and boost the production volume with high repeatability. Owing to such benefits, companies are adopting modern conveyor system for material handling processes.

Surge in online retailing activities along with increasing demand for high quality goods will drive the adoption of conveyor and sortation systems in the retail industry. Companies are installing conveyor system to optimize warehouse spacing, sorting and cross-docking products, and automating their distribution process. Increase in online shopping in India, China, Brazil, and Chile will positively influence the market growth in upcoming years.

Key Takeaways from FMI’s Conveyor system Market Study

  • North America conveyor system market is forecast to expand at 3.5% CAGR due to rapid growth in online retail sector.
  • Growing adoption of automation in automotive and manufacturing industry, surging mining and construction activities along with growing e-commerce industry in the U.K. and Germany are the key factors driving the market in Europe.
  • Population surge, increase in demand for processed food, and presence of e-commerce giants like Alibaba group will drive the demand for conveyor systems in FMCG and packaging industries in China.
  • India is expected to offer lucrative opportunities as home to one of the leading the retail sectors after U.S. and China. Steady consumer demand and rising investment towards expansion of retail infrastructure will boost the demand for advanced material handling systems, such as conveyor systems.

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 “Increasing penetration of automation in material handling and distribution system and increase in number of supermarkets and distribution centers will boost the demand for conveyor system in upcoming years,” says the FMI analyst.

Conveyor System Market – Report Scope

Attribute Details
Forecast Period 2021 – 2031
Historical Data Available for 2019 – 2029
Market Analysis US$ Mn for Value & Units for Volume
Key Regions Covered North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa
Key Countries Covered U.S., Canada, Brazil, Mexico, Argentina, Rest of Latin America, Germany, U.K., France Italy, China, India, Japan, GCC Countries, South Africa, Israel, Turkey, Iran, Rest of Middle East & Africa, Australia, New Zealand, South Korea, the Philippines, Malaysia, and Thailand
Key Segments Covered By Product Type, By Operation Type, By Capacity Type, By Application Type, and By Region
Key Companies Profiled Daifuku, BEUMER GROUP, Interroll Holding AG, Murata Machinery, Schaefer Systems International and Dürr Group
Report Coverage Market Overview, Market Background, Market Forecast, Segmental Analysis, Regional Profiling and Competition Analysis
Customization & Pricing Available upon Request

Who is Winning?

Future Market Insights discusses the key trends shaping conveyor system market and highlights the strategies adopted by leading market players in the study.

Top players, including Daifuku Co., ltd., Schaefer Systems International, Inc., Interroll Holding AG, BEUMER GROUP, and Dematic Company accounted for 23.5% of the market in 2020. Some of the leading companies are investing in research and development activities to drive product launches.

For instance, SideDrive Conveyor Co. launched configurable side drive conveyor system in January 2021 for modular sanitary applications.

In response to pandemic, Multi-Conveyor collaborated with East Coast representatives to develop a hand-pack conveyor system to effectively follow social distancing in work place and launched “Barrier Spaced Conveyor” in July 2020.

Dürr Group introduced automated guided vehicle designed for paint shops as a part of its intelligent production initiative in May 2019.

Prominent players operating in the conveyor system market are:-

  • Daifuku
  • BEUMER GROUP
  • Interroll Holding AG
  • Murata Machinery
  • Schaefer Systems International
  • Dürr Group

More Insights on the Conveyor System Market

In its latest report, FMI offers an unbiased analysis of the global conveyor system market, providing historical data for the period of 2019-2029 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of by product type (belt conveyor, roller conveyor, pallet conveyor, overhead conveyor, tri-planar conveyor, crescent conveyor, skid conveyor, trailer conveyor, and others), by operation type (manual, semi-automatic, and automatic), by capacity type (unit handling and bulk handling), by application type (packaging & warehouse distribution, textile & paper, construction & mining, automotive & transportation, consumer electronics, food & beverage, and chemical & pharmaceutical) and by region (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa)

About the Industrial Automation Division of FMI

Future Market Insights facilitates corporate, government, investors, and associated audiences in the industrial automation sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

CFRP Propeller Shaft Market 2021 | Scope of Current and Future Industry 2028

The propeller shaft is one of the most important components in the transportation industry. Its main purpose is to transmit power to a propeller or to the wheels of automobiles. It is generally made of alloy steel, but with technological developments and advancements, steel shafts are being replaced by composite material shafts. These days, CFRP propeller shafts are increasingly being adopted owing to higher advantages offered by them as compared to conventional shafts.

CFRP propeller shafts reduce the overall sound and vibration due to their good damping properties and also offer higher corrosion-resistance. CFRP propeller shafts have longer life span owing to their wear and maintenance-free properties. Moreover, due to the advent of composite materials, they are now lighter than steel propeller shafts. Additionally, the cost of CRPF propeller shafts is also expected to decline in near future owing to improvements in manufacturing techniques.

This is further expected to make the CFRP propeller shaft market more competitive in future. Hence, the global CFRP propeller shaft market is expected to register health year on year growth throughout the forecast period.

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Global CFRP Propeller Shaft Market: Dynamics

The CFRP propeller shaft market is expected to be driven by healthy growth of the transportation industry. The manufacturers in the transportation industry are highly focused on manufacturing of light weight mobility units. Weight reduction enhances overall efficiency and hence, is the most preferred strategy of the manufacturers. With light weight CFRP shaft propellers, more power can be transmitted to propellers as compared to conventional propeller shafts. Additionally, the aftermarket is also one of the key sales channel responsible for the healthy growth of the CFRP Propeller shaft market during the forecast period.

Furthermore, growing sales of electric vehicles across the globe is also expected to contribute significantly to the overall growth of the market. Growing adoption of light weight materials/components in electric vehicles enhances their overall efficiency and is the key reason behind growing adoption of CFRP propeller shafts in electric vehicles.

Global CFRP Propeller Shaft Market: Market Participants

In the global market of CRPF propeller shafts, all the manufacturers across the globe are engaged in the development and up gradation of CFRP propeller shafts. The manufacturers are also focused on manufacturing and development of low cost CFRP propeller shafts in order to compete in the global market. Some of the manufacturers engaged in the manufacturing and sales of CFRP propeller shafts across the globe are:

Lentus Composites

The AVANCO-GROUP

NAKASHIMA PROPELLER Co., Ltd.

CENTA Corporation

Amarillo Gear Company

Alfred Heyd GmbH u. Co.KG‎

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)

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Global CFRP Propeller Shaft Market: Segmentation

The Global CFRP propeller shaft market can be segmented on the basis of propeller shaft type, application, sales channel and region.

On the basis of propeller shaft type, the global CFRP propeller shaft market is segmented as:

Single Piece

Two Piece

On the basis of application, the global CFRP propeller shaft market is segmented as::

Automotive

Marine

Aerospace

On the basis of Sales Channel, the global CFRP propeller shaft market is segmented as:

OEM

Aftermarket

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Report Highlights:

Detailed overview of parent market

Changing market dynamics in the industry

In-depth market segmentation

Historical, current, and projected CFRP propeller shaft 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 CFRP propeller shaft market performance

Must-have information for CFRP propeller shaft market players to sustain and enhance their market footprint

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Pallet Trucks Market Is Expected To Register A CAGR Of 6.8% During 2018 – 2028

The global pallet trucks market is expected to register a CAGR of 6.8% during 2018 – 2028 with China, Europe and North America accounting for significant market value shares by the end of the forecast period.

FMI delivers key insights on the global pallet trucks market in its report entitled ‘Pallet Trucks Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028’ The market value growth of the global pallet trucks market will remain attractive as the market is expected to grow continuously at the at a CAGR of 6.8% in terms of value during the forecast period 2018 – 2028. In the report, average volume per year from pallet trucks has been expressed in volume (‘000 units).

Based on control, the electric segment is expected to register attractive growth over the forecast period, while the manual segment is poised to dominate in terms of volume. Based on design type, the silent and weighing segment will gain market share penetration during the forecast period.

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The annual revenue from pallet trucks globally is valued to be US$ 29,734.6 Mn by the end of 2018, which is further expected to grow at a steady pace over the years. The dominating regions, i.e. North America, China and Western Europe, are collectively to account for majority share in the global pallet trucks market. These regions are likely to dominate the global market over the forecast period.

Global Pallet Trucks Market Dynamics

End users are interesting manufacturers to develop pallet trucks that are more cost efficient and offer better operability for a wider range of applications. As a result, manufacturers are developing pallet trucks incorporated with additional features, making them safer and interactive to use along with other features, such as comfort and digitalisation. The major contribution in end use will be created by wholesale distribution, owing to the boom in the e-commerce market.

Market players are focusing on this segment and are launching new models for warehouse specific applications. As technology continues to grow, pallet trucks will continue to become more energy efficient. In addition, innovative features that are being adopted focussing on enhancing riders’ comfort and protection will become essential components of all kinds of Pallet Trucks. The low replacement rate is expected to hinder the growth of the pallet trucks market. However, the replacement of fuel powered to electric pallet trucks is likely to gain pace in the coming years.

Global Pallet Trucks Market Forecast

Based on control, Future Market Insights suggests that the electric segment will drive the overall market as end users will shift towards opting for environment-friendly vehicles.  Based on type, silent pallet trucks will be an attractive segment for retail stores that require low noise during operations. Among end users, the wholesale distribution segment accounts for a significant value share. In terms of volume, the manufacturing segment is expected to grow at attractive CAGR over the forecast period.

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This China pallet trucks market will dominate the global pallet trucks market, due to the huge consumer goods market in the country. The market has huge potential in China owing to the high demand for pallets from consumer good wholesalers, manufacturers, and transportation service providers. The Western Europe pallet trucks market will be a target market for market participants looking to penetrate in the electric segment. Latin America and MEA are estimated to grow with above average CAGRs respectively over the forecast period. South Africa is expected to hold a major revenue share in the MEA Pallet Trucks market over the forecast period.

Market Segmentation

Based on control, the market is segmented into,

  • Manual
  • Semi Electric
  • Electric
  • Diesel
  • Compressed Natural Gas (CNG)
  • Others

Based on type, the global market is segmented into,

  • Standard
  • Quarter
  • Silent
  • Weighing
  • Scissor

Based on load capacity, the market is segmented into,

  • Below 2000 KG
  • 2000-4000 KG
  • 4000-6000 KG
  • Above 6000 KG

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The fourth section includes the analysis of the market based on end use and it is segmented as,

  • Food & Beverage
  • Retail Stores
  • Wholesale Distribution
  • Freight & Logistics
  • Manufacturing
  • Others

Global Pallet Trucks Market Competitive Landscape

Examples of some of the market participants in the global pallet trucks market reportinclude Toyota Industries, KION Group, Jungheingrich AG, Goscor Lift Trucks, Hyster Company, Hyundai Heavy Industries, Liftek FZC, Linde Material Handling, Thermote & Vanhalst Group, Nido Machineries Pvt Ltd, Nilkamal Limited, Pr Industrial S.r.l., Presto Lifts Inc. and others.

Reverse Osmosis Pump Market by Pump Type – Centrifugal Pump and Diaphragm Pump for 2021 – 2031 : FMI

Global reverse osmosis pump market is set to be valued at US$ 6,077.8 Mn in 2021. The market will grow with a stable long-term projection, according to latest insights by Future Market Insights. The report estimates the market to expand at above 8% CAGR from 2021 to 2031. Growing need for reverse osmosis pumps in the residential and commercial sectors has led to increasing demand in the market. Oil and gas, power generation, and manufacturing industries are exhibiting for reverse osmosis pumps.

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FMI predicts healthy growth in the oil and gas industry in economies such as China, India, the Middle East, and Africa. Expansion of the industry will create prospects for growth in the market. This is because reverse osmosis pumps are used for ensuring accurate and repeatable transportation and filtration to minimize total dissolved solids (TDS) in oil and gas applications.

Desalination plants around the globe are leading customers of high capacity, high-end reverse osmosis pumps. Reverse Osmosis (RO) systems are widely accepted on offshore platform and vessels to provide low TDS (total dissolved solids) water for better oil recovery.

Water filtration is imperative for the commencement of industrial processes. Considering this, the demand for reverse osmosis pumps have considerably risen in recent years. To meet the increasing demand, manufacturers are planning to build new manufacturing units or expand existing infrastructure and production capacities.

Demand for reverse osmosis pump slumped in 2020 due to the COVID-19 pandemic. However, the filtration unit of the domestic and commercial segments of the market were not impacted hard owing to requirements for drinking water on a global scale. Despite the risk of stimulus for bottled water in many countries, the market’s long-term outlook remains optimistic.

Key Takeaways from Market Study

  • Centrifugal reverse osmosis pump will hold over nine tenth of the market share in 2021.
  • Booster pumps are projected to hold over four-fifth of the overall market share as the leading pump type by 2031-end.
  • The market in the India is projected to expand at a CAGR above 15%, supported by investments into industrialization.
  •  The U.S. market is projected to grow at a CAGR nearly 6% CAGR through 2031, supported by presence of mature manufacturing infrastructure and water filtration sector.
  • The markets in China and Turkey are set to surge at around 7% CAGR over the next ten years, driven by the rising demand from industrial end users.

“Investments in municipal water and wastewater sectors in emerging countries are projected to grow at higher pace as compared to developed countries, owing to higher scope for economic growth, demographic changes, and the need to catch up with basic infrastructure requirements, which will drive reverse osmosis pump sales through 2031,” says a Future Market Insights analyst.

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Competitive Landscape

The market is highly consolidated, with key players accounting for more than one-fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to gain competitive advantage.

Some of the key players in this industry include but are not limited to

  • Ebara Corp.,
  • Xylem Inc.,
  • Sulzer AG, and
  • Kubota Corp.

Find More Valuable Insights

The research report analyzes demand for reverse osmosis pump. The global reverse osmosis pump market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analyzed on the basis of product type, application, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

Reverse Osmosis Pump Market by Category

By Technology Type:

  • Centrifugal Pump
    • Single Stage
    • Multi Stage
  • Diaphragm Pumps

By Pump Type:

  • Booster Pump
  • Delivery/Demand Pumps

By Flow Rate:

  • 0.1 to 0.5 GPM
  • 0.5 to 1 GPM
  • 1.1 to 5 GPM
  • 5 to 20 GPM
  • 20 to 100 GPM
  • 100 to 500 GPM
  • 500 to 1000 GPM

By Application Type:

  • Domestic & Commercial
    • Filtration Units
    • CounterTop Filter Cum Demineralizer
  • Industrial RO Filtration Unit
    • Manufacturing
    • Oil and Gas
    • Power Generation
  • Seawater Desalination Unit

By Sales Channel:

  • Online
  • Offline

By Region:

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

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About Industrial Automation Division at Future Market Insights

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

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Americas Steel Pipes Market Driven by Growing Oil & Gas Explorations : FMI Study

The demand for steel pipes in the Americas has continued growing through 2020, despite challenges arising from the coronavirus pandemic. Rising public and private sector investments into the energy, oil & gas, and construction sectors are contributing to the rise of the industry. As per a new report by Future Market Insights, the sector is likely to reflect a steady upwards trajectory between 2020 and 2030.

Analysts from FMI have indicated the oil & gas sector applications are projected to be the primary revenue source, especially with the discovery of unconventional sources and processes such as shale and fracking.

The Americas steel pipes market is likely to reflect steady, but moderate growth, with growth in niche end use sectors such as mining and automotive production. On the other hand, the industry is likely to face challenges in terms of substitute pipe materials such as plastic and iron, in addition to high costs associated to the production and installation of steel fixtures.

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The study by FMI encompasses an overview of the sector, including prominent dynamics of the market. Some of the critical takeaways of the report include:

  • The Americas steel pipes market was valued at 20.5 billion in 2019, driven largely by the demand from civil infrastructure and the oil & gas sector of the region.
  • Carbon steel pipe products are major contributors to market revenue, with advantages in easier access and chemical and shock resistance over other steel pipe variants.
  • Industrial applications, particularly in the oil & gas sectors are generating greater demand than that of construction and mining sectors through 2030.
  • The United States will remain a major market for steel pipes in the Americas, aided by a vast economy, characterized by steady growth in the past few years. Brazil is likely to reflect relatively positive prospects on the back of changes in government policy.

“The Americas have become a leading region in the production of oil and gas with unconventional resources such as shale gaining the spotlight. With a number of upcoming projects in the United States and Canada demand for steel pipes in the region is expected to surge in the near future,” said a lead analyst at FMI.

Covid-19 Impact on Americas Steel Pipes Market

The coronavirus pandemic has been projected to be moderately impact the Americas steel pipes market. Lockdown restrictions on the manufacturing sector and the mining industry are anticipated to affect raw material supplies and logistics in the supply chain for the short term. Also, the negative effects of the outbreak on the global economy will hurt imports and exports disrupting supply chains.

End use applications, particularly in the automotive and construction sectors, owing to compulsory social distancing regulations are estimated limit market growth. Also, the drop in demand is likely to result in shut down or limited operations at conventional production facilities, in addition to widespread layoffs.

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The problems are likely to be compounded by reduced demand for crude oil, restricting expansion plans in the sector. Recovery is likely to be slow owing to continuing uncertainty over the duration of the pandemic.

Who is Winning?

In its report, Future Market Insights has given detailed analysis on the many strategies being used by manufacturers in the Americas steel pipes market. Key players are emphasizing on investments towards capacity expansions and strategic acquisitions and divestments in line with changing demand in the region.

Some of the leading players in the industry include

  • Arcelor Mittal, Tenaris, Gerdau S/A, American Cast Iron Pipe Company, Baosteel Group Corporation, Evraz plc, Nippon & Sumitomo Steel, and JFE Holdings Corporation among others.

Key Segments

Material type

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel

End Use

  • Construction
    • Residential & Commercial
    • Civic Infrastructure
  • Mining
  • Municipal Water Supply and Treatment Utilities
  • Industrial
    • Automotive
    • Chemicals & Petrochemicals
    • Oil & Gas Pipelines
    • Power Generation
    • Others (textile, pharmaceuticals)

Design

  • Seamless
  • Welded
    • SAW
    • ERW

Country

  • Brazil
  • Argentina
  • Mexico
  • Canada
  • U.S.

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About Industrial Automation Division at Future Market Insights

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

Electric Motors Market to expand at over 5.1% CAGR from 2021 to 2031

Global sales of electric motors are set to be valued at over US$ 104 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). A new report estimates the market to expand at over 5.1% CAGR from 2021 to 2031. According to Future Market Insights (FMI), increasing automation and robotics in industrial production sector have fuelled the demand for electric motors. The market also is gaining from rapid technological advancement and advent of industrial 4.0.

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The electric motors market however registered moderate decline in its sales volume in FY2020 due to the unforeseen COVID-19 pandemic. Demand from major end-use industries like automotive, oil & gas, and other waned. Contrary to this, sections of medical sector were not affected due to increase in demand amid the adoption of COVID-19 precautionary measures.

Demand for alternating current (AC) electric motors has been steadily increasing. This can be attributed to operating advantage linked with it, its prime advantage is its speed torque characteristics which has raised the application for electric motors in various end uses, owing to which the AC electric motors has secured a prominent share in the global Electric motors market.

The growing requirement for pumping application from agriculture, water treatment plants, oil & gas sector and other industries is expected to drive the electric motors market in the forecast period.

Increasing number of players are focusing on research and development related to electric motors, which is anticipated to contribute towards market growth in the years to come.

Key Takeaways from Electric Motors Market Study

  • <1HP. Power output electric motors are projected to hold over 80% volume share of the global market in 2021, owing to robust demand for various applications.
  • The AC Electric motors are set to hold over 71.6% of the market share on value basis by the end of forecast period.
  • East Asia will remain a primary market, backed by rising demand from the automotive & residential sector. It is expected to account for over 22.7% of the demand registered in globally in 2021.
  • Electric motors for robotics application set to surge at CAGR of approximately 5.9% over the coming decade.
  • The U.K. is emerging as a key market in Europe, with a valuation of over US$ 5.4 Bn in 2021, and anticipated to grow with 5.4% CAGR in the forecast period.

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“The electric Motors market is anticipated to grow at a strong pace driven largely by increasing demand for innovative and energy-efficient products across industries. Raising automation and digitalization in various end-use sectors are key factors fuelling the demand for electric motors. Industry participants are investing in expansions, strategic alliances, and cost effective solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Electric Motors Market by Category

Power Output:

  • <1HP
  • 1-5HP
  • 5 – 10 HP
  • 10 -20 HP
  • 20 – 50 HP
  • 50 – 100HP
  • 100 – 300 HP
  • 300 – 500HP
  • Above 500HP

Product Type:

  • AC Motor
    • Induction Motor
    • Synchronous Motor
  • DC Motor
    • Brushed DC
    • Brushless DC

By Application:

  • Pumps
  • Fans
  • Drives
  • Compressor
  • General Machinery
  • Centrifugal Machinery
  • Grinders
  • Extruders
  • Robotics
  • Others

By End Use:

  • Industrial
    • Oil & Gas
    • Power Generation
    • Mining
    • Food & Beverages
    • Pulp & Paper
    • Chemicals
    • Air Separation Plant
    • Other Manufacturing
  • Residential
  • HVAC & Refrigeration
  • Medical
  • Municipal Water Treatment
  • Transportation
    • Automotive
    • Aviation
    • Electric vehicles
    • Railways
    • Boats
  • Others

By Region:

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

Who is winning?

The electric motors market is highly competitive with more than 1,000+ players consisting of tier-1, tier-2 and local based vendors across the region, key players accounting for around 20-30% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

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Some of the key players in this industry include but are not limited to 

  • General Electric,
  • Robert Bosch GmbH,
  • Hitachi, Ltd.,
  • Nidec Corporation,
  • WEG S.A.,
  • Siemens AG,
  • ABB Group,
  • Regal Beloit Corporation,
  • Toshiba Corporation,
  • Johnson Electric,
  • Hyosung Corporation,
  • Schneider Electric SE,
  • Bonfiglioli Riduttori S.p.A.,
  • Kirloskar Electric Company Ltd.,
  • Allied Motion Technologies Inc.,
  • East West Manufacturing, LLC,
  • Hyundai Electric Co. Ltd.

Find More Valuable Insights

The research report analyzes demand for Electric Motors. The global Electric motors market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of power output, product type, application, end use and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand factors.