Cat Food Market By Excellent Opportunities, Industry Growth, Size, And Statistics Forecasts Up To 2031

Premiumization and humanization trends are projected to remain chief factors driving sales of cat food in the upcoming decade. According to a recent report by Future Market Insights (FMI), the cat food market is set to surpass US$ 65 Bn rising at a CAGR of 4.8% through 2031.

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Demand for higher-quality, nutritionally sound foods for pets is continuing to rise on a global scale. As a result, the all-natural product segment is witnessing an increase in grain-free, meat-and-poultry-first, and clean, wholesome-ingredients.

Cat food flavor profiles are consistent with the rest of the pet food market, which mirrors human dietary preferences. As a result of the increased consumer interest in quality and nutrition, premium wet cat food is becoming popular.

The rising focus on pet health has boosted the scope of sales for functional cat food. Cat owners are looking for products that have higher nutritional value. These factors are creating lucrative growth opportunities for new and existing players.

Functional foods are incorporated with several essential nutrients. Consequently, manufacturers should focus on the launch of new functional products to upscale their business. The demand for frozen and freeze-dried cat food is increasing. One of the factors driving the growth of the frozen and freeze-dried pet food market is the growing trend of nuclear families.

Advertisements and pet health awareness campaigns are on the rise, and celebrity endorsements are another element driving the popularity of frozen and freeze-dried cat foods. These products can be preserved for longer periods of time without losing key characteristics.

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Key Takeaways from the Cat Food Market Study:

  • Offerings for senior cats account for over 80% of overall sales in 2021, owing to fast growth of felines into adolescent and adult stages.
  • Sales through online retailers are expected to rise at an above average CAGR of 5.9%, with impetus from the covid-19 crisis.
  • Thailand will reflect a CAGR of over 7% aided by the presence of multinational production facilities in the country.
  • The U.S. is estimated to account for nearly 82% of the North American market in 2021, supported by pet humanization trends, and spending on premium products.
  • China is estimated to account for more than 50% of the East Asia value share in the year 2021, driven by a spike in pet ownership rates.

“Due to the increasing demand for organic and all natural foods, various manufacturers are concentrating their efforts on balanced nutritional offerings, without compromising too much on costs. Manufacturers are leveraging the trend of animal humanization and integrated production to offer cost-effective products through 2031,” said a lead analyst at FMI.

Who is winning?

Leading cat food producers are focusing on strategic collaborations, mergers, and acquisitions in addition to bolstering organic growth strategies to consolidate their presence in previously untapped markets.

Some of the leading companies offering cat food are Evanger’s Dog & Cat Food Company, Inc., Mars, Incorporated, Nestlà Purina PetCare, P&G Pet Care, Ill’s Pet Nutrition, Del Monte Pet Products, Affinity Petcare SA, Nutro Products Inc., Unicharm PetCare Corp., Total Alimentos SA, Nutriara Alimentos Ltda., The J.M. Smucker Company, Fromm Family Foods LLC., Dave’s Pet Food, Boulder Dog Food Company, Rollover Pet Food Ltd., Real Pet Food Company, Party Animal, Inc., Freshpet, Burgess Group PLC, and many others.

Get Valuable Insights into Cat Food Market

Future Market Insights, in its new offering, provides an unbiased analysis of the cat food market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the cat food market based on nature (organic, monoprotein, and conventional), by source (anima-derived, plant, derived, and insect-derived), by product type (kibble/dry, treats and chews, dehydrated food, freeze-dried food, freeze-dried raw, wet food, frozen, raw food, and powder) pet type (kitten and senior), packaging type (pouches, bags, folding cartons, tubs and cups, can, and bottles & jars) and distribution channel (store-based retailing and online retailers) across seven major regions.

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Key Questions Answered in the Report

  • How much is the cat food market worth?

In 2021, the cat food market is expected to be worth over US$ 40.7 Bn.

  • What is the share of the top players in the cat food market in 2021?

Mars Incorporated, Purina, The J.M. Smucker Company, Hill’s Pet Nutrition, and Affinity Petcare SA cumulatively will account for a share of 25-30% of the global market.

  • Which are the top 5 countries driving demand for cat food?

The U.S., the UK, Germany, China, and France consistently reflect high demand for cat food products.

  • Which countries are key producers of cat food?

The U.S., Germany, Spain, the U.K., and China are the top producers of cat food.

  • At what rate did the global cat food market grow between 2020 and 2021?

The global market for cat food rose 4.2% between 2020 and 2021.

  • At what rate did the global cat food market grow in the last 5 years?

The global market grew at a 3.8% CAGR from 2016 to 2020.

  • What factors are driving the demand for cat food?

The rising trend of pet humanization, growing focus on organic and natural ingredients, and growing pet ownership rates in developing countries are factors driving growth.

  • What is the North America cat food market outlook?

The North America cat food market is set to rise at a 3.7% CAGR through 2031.

  • At what rate is the sales of cat food in Europe set to grow?

The Europe market for cat food is projected to rise at a 4% CAGR through the assessment period.

  • What are the key statistics of the South Korea and Japan cat food market in 2021?

The South Korea and Japan cat food markets account for 10.4% and 8% of the global market respectively.

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.

WealthTech Solutions Market 2021 | Present Scenario and Growth Prospects 2031

WealthTech solutions are active wealth planning management tools that can be used efficiently in serving ultrahigh-net worth and high-net worth clients. WealthTech solutions can help customers to achieve their financial goals efficiently.

It also used for robo-advisory, digitizing retirement assets, automation of processes/outsourcing, digitized customer relationship management, and extensive financial data analysis. WealthTech solutions also provides strategic planning for integrated cash flows, employer stock modeling, complex tax planning, strategic estate planning, and legacy planning among others.

The WealthTech solutions provider strategy has been consistent with its more conservative approach to product innovation, which enables them to integrate newer technologies in an evolutionary manner. This strategy also helps the WealthTech solutions provider enhance its customer base and product offerings.

  • For instance, in December 2019, HSBC launched wealth-tech solutions in Singapore to enhanced support its retail banking proposition. It offer such institutional analytical capabilities to retail investors in Singapore.

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Increasing Adoption of WealthTech Solutions amid the COVID-19 Pandemic outbreak

The COVID-19 pandemic outbreak has created disruption in many industries, including the WealthTech solutions market. WealthTech solutions helps to conform to growing demands for fairness and transparency that, post COVID-19 crisis, will certainly increase as people call for better omnichannel advice and greater value-add in managing their commercial and financial affairs.

As many struggle to meet the challenge of remote working and the stress of fast-declining margins, there are some market players that see this as a real opportunity.

Historically, the WealthTech Solutions market increased by 15% market growth in 2019 as compared to the year 2018, which could further rise to more than 21% in 2020 due to increasing usage of AI in financial sector, Digital Wallets, and Robo-Advisory services.

The need for providing greater degree of flexibility for customers seeking to better manage their wealth during COVID-19 period, drives WealthTech solutions market.

WealthTech Solutions Market: Drivers and Challenges

Drivers

The demand for WealthTech solutions is increasing due to capabilities such as financial data analytics, machine learning capabilities, and portfolio rebalancing. Such factors are driving the growth of the WealthTech solutions market during the forecast period.

These WealthTech solutions fulfill new-age customer needs such as automated rebalancing, tech-enabled financial solutions, and portfolio construction, for large banks and small advisory firms. WealthTech key players are focusing on transforming the industry by identifying inefficiencies along the entire financial services value chain. This WealthTech solutions offers different benefits such as more effective portfolio management, improved customer experience, better assets liquidity, cost transparency, and , improved advice. The reliability of such benefits drives the WealthTech solutions market growth.

Challenges

The WealthTech solutions is more expensive and lack of process, methodology and resource affects the market growth, to a certain extent. Furthermore, lack of financial investment awareness, poor transaction infrastructure network, are some factors hampering the WealthTech solutions market growth.

WealthTech Solutions Market: Competition Landscape

Some of the prominent players providing WealthTech Solutions are

  • WealthTechs Inc.
  • Wealthfront Corporation
  • Aixigo AG.
  • Valuefy
  • BlackRock, Inc., among others.

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WealthTech Solutions Market: Regional overview

On the basis of geography, North America followed by Europe accounted for largest market share as many WealthTech solutions provider are present in these regions due to advancement in financial services technology and high business growth rate in this region.

Moreover, the emerging countries such India, GCC countries, Southeast Asian countries offers lucrative growth opportunities for the high-net worth customers and clients, to manage their financial investments and wealth generation.

The WealthTech solutions market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report covers exhaustive analysis on                               

  • WealthTech Solutions Market Segments
  • WealthTech Solutions Market Dynamics
  • WealthTech Solutions Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the WealthTech Solutions Market
  • Technology Landscape
  • Value Chain of the WealthTech Solutions Market
  • WealthTech Solutions Market Drivers and Restraints

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, & Rest of Latin America)
  • Europe (Germany, Italy, U.K, Spain, France, BENELUX, Russia, Rest of Europe)
  • East Asia (China, South Korea, and Japan)
  • South Asia & Pacific (India, ASEAN, and  Australia & New Zealand, Rest of South Asia)
  • Middle East and Africa (GCC Countries, Turkey, South Africa, Rest of MEA)

Report Highlights

  • Detailed overview of parent WealthTech solutions market
  • Changing WealthTech solutions market dynamics in the industry
  • In-depth WealthTech solutions market segmentation
  • Historical, current, and projected WealthTech solutions market size in terms of value
  • Recent industry trends and developments
  • Competitive landscape of WealthTech solutions market
  • Strategies of key players and solution 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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WealthTech Solutions Market: Segmentation

 Component :

  • WealthTech Solutions
  • Services
    • System Integration
    • Consulting Services
    • Support & Maintenance

End User:

  • Banks
  • Investment Firms
  • Wealth Management Firms
  • Others

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Cherry Picker Crane Market Share by 2031: Upcoming Trends and Analysis

According to recent research estimates, Cherry picker Crane market is expected to experience substantial gains, with projections around 6% to 8% CAGR from 2021 to 2031.  Due to urbanization, demand of cranes will witness steady growth in short-term, with optimistic growth outlook in the long-run.

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In recent years the infrastructure industry have witnessed 5-6 percent growth. However, due to COVID-19 pandemic has disrupted the operations across all end use industry verticals as well as construction activities to a considerable extent. The government-imposed lockdowns and unstable economic conditions has declined the demand for cherry Picker Cranes but this industry has huge growth in loner run in the developing countries.

The technological advancement and increasing population will create ample amount of opportunities in upcoming years, however, sales of Cherry Picker Crane will saves time as well as cost and we will take one step ahead towards advancement and development.

Key Players:

The key examples of manufacturers and suppliers include

  • Aichi Corporation,
  • Altec Inc.,
  • Haulotte Group,
  • J.C. Bamford Excavators Limited,
  • Nifty lift (UK) Limited,
  • Oshkosh Corporation (JLG Industries, Inc.),
  • Skyjack (Linamar Corp.),
  • Terex Corporation (Genie),
  • Teupen,
  • Zhejiang Dingli Machinery Co., Ltd.

Product diversification coupled with expansion of distribution networks have been major strategies employed by the manufactures to gain strong presence in target markets. The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By Type:

  • Straight booms/ Stick booms/ telescopic booms.
  • Articulated booms.
  • Others

By Application:

  • Vehicle Mounted Cherry Pickers
  • Trailer Mounted Cherry Pickers
  • Self-Propelled Cherry Pickers
  • Others

By End-use Industry:

  • Transportation
  • Utilities
  • Construction
  • Others

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Europe
    • Germany, Italy, France, U.K., Spain, BENELUX, Russia
  • South Asia Pacific
    • India, ASEAN, Australia and New Zealand (ANZ)
  • East Asia
    • China, Japan, South Korea
  • Middle East and Africa
    • GCC Countries, Turkey, North Africa, South Africa

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North America Demand Outlook

The North America Crane Market is anticipated to register a CAGR of 5.7% in upcoming 5-7 years. The major reasons behind such advancement are government initiatives like National Infrastructure Plan (NIP) etc.

focusing on infrastructure to fulfill the demand. There is rise of migration in urban areas indicating the hike in construction activities and demand for cranes in the near future.

Additionally, up gradation and setting up new public building, schools, public parks, and airports will boost product deployment at these locations. Also the various project related to oil and gas may create huge demand for crane manufacturer and other construction equipment in North America.

Ethylene Glycol Market is anticipated to grow with a compelling growth rate of about 3.1% to 4.5 % in between the coming assessment period of 2021-2031

According to the latest research, the demand for Ethylene Glycol is anticipated to grow with a compelling growth rate of about 3.1% to 4.5 % in between the coming assessment period of 2021-2031.

It is mainly used as a raw material in the manufacture of polyester fibres and for antifreeze formulations.

What is Driving Demand for Ethylene Glycol

Major factors driving the market are the growing demand from the textile industry and automotive industry. The availability of enhanced ethylene glycol production technology, increased popularity of bio-based ethylene glycol, and rising demand from the textile industry are projected to fuel market expansion throughout the forecast period.

Rapid growth in the textile and PET resin products industries is expected to boost the consumption during the forecast period.

The packaging industry has been driven by rapid growth and changing lifestyles of consumers, and the growing use of Polyethylene Terephthalate (PET) in a variety of consumer goods products, including as food containers and bottles, is expected to enhance demand for MEG which is likely to boost the market throughout the forecast period.

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Growth of automotive sector to boost the market and increase demand of Ethylene Glycol

It is widely used as an antifreeze in automobile engines. Because it has a lower freezing point than water, it is used to keep an automobile radiator cool throughout the winter.

Globally, the number of vehicles on the road is increasing and is expected to grow at a CAGR of 4.5 percent.

Growing vehicle production and sales volumes are to responsible for the increase in vehicle on-road volumes. Coolants and antifreeze will be in high demand due to the increased number of vehicles on the road.

The demand for MEG will be fuelled by an increase in coolants and antifreeze usage.

Many end use industries depend on the use of ethylene glycol as a feedstock. It’s mostly used to make PET bottle resins, polyester fibre, and films. Fibre is the most common application of MEG.

Due to the usage of MEG in the production of PET and polyester fibres, it is widely used in the textile and apparel industries, as well as garment manufacturing, home furnishings, carpets, and rugs. Hence the market is expanding due to the high potential for polyester applications in the textile industry.

APAC Market Outlook

Asia- Pacific dominated the worldwide ethylene glycols market and it is also predicted to be the fastest-growing market because of the increased demand and consumption of MEG, the majority of producers are expanding their production capacity in Asia through both organic and inorganic expansion techniques.

Plastic manufacturing, chemicals, and textiles are among the end-user industries that are rapidly expanding in the region.

The increasing demand for MEG in polyester and PET applications in the textile and packaging end-user sectors makes China the largest ethylene glycol market. China is also projected to see capacity increases for PET resin in addition to fiber application.

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Europe and North America Demand Outlook

The increased production and sale of passenger vehicles in Germany, France, and the United Kingdom is expected to drive ethylene glycol consumption in automotive applications, boosting the market in these countries.

North America, owing to the presence of leading automotive players and the growing PET resin sector will lead to significant demand for this product in the North America market over the projection period.

Who are the Key Manufacturers and Suppliers

Some of the leading manufacturers and suppliers include

  • Exxon Mobil Corp.
  • Dow Chemical
  • SABIC
  • Sinopec
  • Shell chemical
  • Reliance Industries ltd.
  • Huntsman Chemical Corporation
  • LOTTE Chemical Corp.
  • Kuwait Petroleum Corporation
  • LyondellBasell Industries
  • Formosa Plastics Corporation and many others.

Major players in the worldwide market are increasing their regional presence and company operations through organic and inorganic growth methods such as joint ventures, mergers and acquisitions, expansion, collaborations, new product launches, strategic alliances, and R&D.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By Derivative Type:

  • Monoethylene Glycol (MEG)
  • Diethylene Glycol (DEG)
  • Triethylene Glycol (TEG)

By Application:

  • Polyester Fibres
  • PET
  • Antifreeze and Coolants
  • Films
  • Others

By End Use Industry:

  • Textiles
  • Automotive
  • Packaging
  • Others

Explore FMI’s Extensive Coverage on Chemicals & Materials Domain

Plaster Accelerator Market: It is expected to register a CAGR of over 6-7% during the forecast period 2021-2031. Major factors driving the market are increasing demand from residential & commercial construction, and infrastructure segment.

Octyl Octanoate Market: The demand for Octyl Octanoate is anticipated to grow at a compelling growth rate of about 4.5% to 6.0% in the coming assessment period of 2021-2031.

Polycide Market: The polycide market is projected to expand between 4.0% and 6.0% CAGR during the 2021-2031 assessment period. The growth of the market can be attributed due to the steady increase in demand from pharmaceutical sector across the globe.

Road Marking Paint Market is projected to grow with a CAGR of 3.5% – 5.5% for the forecast period of 2021-2031: FMI

According to research, road marking paint market is projected to grow with a CAGR of 3.5% – 5.5% for the forecast period of 2021-2031.

Demand for this product will be propelled by increased municipal spending on road safety & maintenance activities across developing and developed world.

Due to increased concerns pertaining to road accidents and improvements in road structures and maintenance, the market for this product is set to prosper in upcoming decade.

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What is Driving Demand for Road Marking Paints

Demand for road marking paint has been increasing due to its several beneficial properties such as being wear resistant, technically dominant, lustrous, as well as due to its reflective properties and affluence of application.

The markings give visible signs on streets, berms, motorways, curbs, driveways, sidewalks, parking areas, and airfields, and the product finds profound application in marking zebra crossings, speed breakers, dividers, landing marks, cross roads, highways, local roads, intersections on the roads, and much more.

The paint also finds use in helping to provide direction and give turning signs to drivers. Furthermore, the chemical plays a crucial role in traffic control.

New developments in marking paints are boosting the growth of this market. Researchers and scientists are coming up with innovations like organic-inorganic hybrid polymer latex for high durable traffic marking paint, reactive line markings that charge using solar light, etc. Such new developments in road marking paints are boosting the growth of this market.

Increasing Road Safety Awareness to Drive Road Marking Paint Market

Lifestyle of population is becoming faster with busy schedules and limitations on travel time. This leads to stress and in turn a lot of road accidents due to lack of awareness by the driver of its surroundings.

To ensure that the driver has a direct view of safety signs and directions, road paint markings play a vital role.

These marking indicate which part of the road to use, provides information about the conditions ahead, and indicates where passing is allowed.

It helps the driver in bad weather conditions and night as well due to its highly reflective property. The product comes in different colors to present different signals without any scope for misinterpretation.

Asia-Pacific Road Marking Paint Market Outlook

Asia Pacific region is anticipated to lead and dominate in the global road marking paint market with the largest market share. This shall be owing to the increase in construction activities and rapid development in countries like India and Japan.

Increase in investment in intelligent street marking systems to improve road safety is anticipated to open new opportunities for the market players. There has been an increasing demand for maintained roads in this region, which shall further raise the industry of this product.

North America & Europe Road Marking Paint Market Outlook

The market in North America is expected to expand at a steady pace during the forecast period. This is due to the increased road accident rates in the region that require urgent solutions and better marked road.

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This paint is applied on highways due to high visibility which makes it vital for road safety.

Also, this region is native to many key player companies like Sherwin Williams and Sealmaster which will continue to invest in this product and innovate new developments.

European region is expected to witness a steady rise in the market of this product due to introduction of road safety practices like broadening of road markings and widening of roads.

Roads, highways, and bridges are constantly exposed to high impacts and extreme weather conditions. Thus, the traffic marking lines and sign labeling requires constant maintenance and reapplication of paint coats.

This will in turn ensure growth of the market in forecast period.

Who are the Key Manufacturers and Suppliers of Road Marking Paint

Some of the key players operating in the global road marking paint market are

  • Sherwin Williams (US)
  • Swarco (Austria)
  • Geveko Markings (Denmark)
  • Ennis-Flint (US)
  • Hempel (Denmark), Asian Paints PPG (India)
  • Sealmaster (US)
  • Berger Paints (India)
  • Nippon Paint Holdings Co. (Japan)
  • and BASF Coatings (Germany).

Many manufacturer companies working towards innovation, and producing paints with new properties like glow-in-the-dark road marking paint, are contributing to the robust growth in road marking paint demands.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Market 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

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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Key Segments

By Type:

  • Water Based
  • Solvent Based

By Product Type:

  • Two-Component
  • One-component

By Application Coverage:

  • Highways
  • Urban Roads and Streets
  • Parking Lots
  • Airports
  • Other

By Marking Application Technique:

  • Trucks
  • Self Propelled Machines
  • Hand Guided Equipment

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico
  • Europe
    • Germany, Italy, France, UK, Spain, Benelux, Russia, Nordics
  • East Asia
    • China, Japan, South Korea
  • South Asia and Pacific
    • India, ASEAN, Oceania
  • Middle East and Africa
    • GCC Countries
    • Turkey
    • North Africa
    • South Africa

5G RAN Market 2021 Development Status, Competition Analysis, Type and Application 2031

Cellular devices utilize radio waves in order to communicate. These devices convert the user’s voice and mobile data into digitalized signals sent as radio waves. Radio Access Networks (RANs) are implemented to ensure proper functioning of cellular devices and connect them to networks or the Internet. RANs utilize radio wave transceivers to connect the device to the cloud infrastructure. Most transceivers or base stations are in connection via fiber backhaul to mobile core network. RANs provide radio communication access and assists coordinative network resources across all wireless devices. Wireless devices connect to cellular networks via Long Term Evolution (LTE) or 5G New Radio (NR) connectivity. Silicon chips in core network and cellular mobile devices complement the functionalities of RAN. RANs have evolved significantly over the past years as cellular networking technology reaches 5G. Today, 5G RAN technology has the ability to support Massive Multiple Input Multiple Output (Massive MIMO) technology, multi-band carrier aggregation, vast spectrum bandwidths, and more.

Evolution of 5G RAN is estimated to have a great impact on the growth of wireless networking technologies, and is projected to accommodate network slicing and Mobile Edge Computing (MEC). 5G RAN technology is also likely to contribute to lowering latency which will make 5G technology even more powerful.

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5G RAN: Market Dynamics

Infrastructure has always been the top priority of countries with regards to strategic investments. The telecom sector is a rapidly growing with governments making huge investments in IT infrastructure. National governments and public organizations are making huge investments in the betterment of national telecom infrastructures. This trend is estimated to propel the adoption of 5G RAN across every regional market.

Strategic investments in telecom sector help governments harness the potential to create employment and drive economic growth of countries. Ongoing advancements in 5G technology have great potential to transform telecommunication industry vertical and enhance usage experience for end-users.

Many enterprises operating in the telecommunication industry across the globe are focusing on upgrading their existing networking infrastructure to 5G networking infrastructure. This will help such telecom service providers offer services with high performance and high speed connectivity.

Impact of COVID-19 Pandemic Outbreak on 5G RAN Market

Rising infections across the globe are forcing national governments to declare nationwide lockdowns. These lockdowns are restricting the large scale deployment of 5G technology on global level. Deployment of 5G technology in key industry verticals, like Automotive, Transportation and Logistics, was estimated to boost the adoption of 5G RAN solutions and services.

Lockdowns legislated by national governments to combat the spread of infections has restricted 5G deployment. Government and public sector and healthcare industry verticals are estimated to record a spike in adoption rates. However, the overall growth rate is estimated to carry on undeterred with consistent adoption of 4G LTE.

5G RAN Market: Regional overview

5G RAN markets in North America and Europe are leading all other regional markets on a global level. The strong market share may be attributed to high presence of 5G technology solutions and service providers in the region.

Initiatives and investments deployed by government organizations are also propelling the adoption of 5G technology, thus driving the 5G RAN market. Advancements in 5G technology for automotive and smart transportation are playing a key role in propelling 5G RAN market growth in European economies like Germany and the U.K.

5G RAN market in Southeast Asia Pacific region is projected to register a strong growth rate over the forecast period. 5G RAN markets in Latin America and Middle East and Africa region will be slower to gain traction during the forecast period, as LTE Advanced technology is still gaining diffusion in those regional markets.

5G RAN Market: Competition Landscape

Some of the key vendors in the global 5G RAN market are Nokia; Telefonaktiebolaget LM Ericsson; Huawei Technologies Co., Ltd.; Verizon; ZTE Corporation; NEC Corporation; Cisco; Qualcomm Technologies, Inc.; SAMSUNG; Intel; and FUJITSU, among others.

The 5G RAN market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report covers exhaustive analysis on:                                     

  • 5G RAN Market Segments
  • 5G RAN Market Dynamics
  • 5G RAN Market Size
  • Supply and Demand
  • Current Trends/Issues/Challenges
  • Competition and Companies Involved in the Market
  • Technology Landscape
  • Value Chain of the Market
  • Market Drivers and Restraints

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
  • East Asia (China, South Korea, Japan)
  • South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific)
  • Middle East and Africa (GCC Countries, Turkey, South Africa, Res of MEA)

Report Highlights:

  • Detailed overview of parent 5G RAN market
  • Changing 5G RAN 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 of 5G RANMarket
  • 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
Key Segments

The 5G RAN market can been segmented on the basis of infrastructure.

Infrastructure:

  • Distributed Antenna System (DAS)
  • Pure RAN Equipment
  • Macro Cell Infrastructure
  • Small Cell Infrastructure

Spectrum :

  • Time Division Duplex (TDD)
  • Frequency Division Duplex (FDD)
  • Others

 Industry :

  • Time Division Duplex (TDD)
  • Frequency Division Duplex (FDD)
  • Others

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Boat Hook Market Challenges, Drivers, Outlook, Growth Opportunities – Analysis to 2031 : FMI

Future Market Insights research on the Boat Hook Market offers a comprehensive overview for the forecast period of 2021-2031. It uncovers hidden opportunities and studies growth trajectory across various segments. The study also offers an unbiased analysis by analyzing historical demand and future projections from a bird’s eye perspective. The report identifies some of the lucrative Markets across the globe. FMI delivers an insightful coverage on the Boat Hook Markets latest trends, drivers, challenges, opportunities and restraints that the Market is expected to prevail in the upcoming decade.

According to the study, the automotive industry is expected to witness a healthy growth backed by the technological advancements. Leading players are expected to launch unique driving techniques to strengthen their footprint. This will have a positive impact on the Boat Hook Market. The report covers the ‘Highs and Lows’ of the past decade and gives future projections based on the latest trend in the automotive industry.

COVID-19 Impact on Automotive Industry

With the onset of COVID-19, the automotive companies and Market players witnessed a few set-backs. As the COVID-19 crisis continues to unfold, FMI delivers detailed and rapid insights to navigate through the crisis. The report presents in-depth findings obtained through innovative methodology. Information presented in the report, is interspersed with up-to-date statistics. Data available on the Boat Hook Market is intended to aid both short-term and long-term strategic decision making. The report also offers a holistic overview, mapping the factors, opportunities and trends likely to help in the wake of the coronavirus pandemic.

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The COVID-19 outbreak had a swift and severe impact on the automotive sector. Affects included disruption in supply chain activities and overall vehicle production. Starting in China, vehicle and vehicle part manufacturers around the world either placed their production lines on quarantine or shut down completely. This led to severe impact on automotive sales, thus hindering the Boat Hook Market.

However, with recovery already registered in certain countries, future prospects are expected to improve for the Boat Hook Market.

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Boat Hook Market: Segmentation

To gain a better perspective on the latest trends and opportunities, the information has been classified into key segments and sub-segments.

By Material Type:

  • Stainless Steel
  • Copper
  • Plastic

By End-Use:

  • Logistics
  • Transport

Boat Hook Market: Competitive Analysis

The report on the Boat Hook Market report offers a detailed analysis of some of the leading players operating in the Market. It examines the impact of key strategies adopted by the Market players, which include product launches, expansion of distribution channels, leveraging local networks, strategic mergers & acquisitions, and others.

Key players covered in the report include:

  • Davis Instruments
  • Shurhold Industries
  • SwiTec
  • Henssgen Hardware
  • Samco Sales, Inc.
  • Shang Hai Orange Metal Products Co., Ltd.
  • DEYUAN MARINE CO., LTD.
  • Decorstainless International Co., Ltd.

Critical Questions Answered in the Report

  • Which are the top manufacturing companies operating in the Boat Hook Market?
  • What will be the future outlook of the Boat Hook Market in the upcoming decade?
  • Which are the some of the lucrative Markets for Boat Hook Market?
  • Which factors will drive the Boat Hook Market growth?
  • What are the challenges faced by the prominent players of the global Boat Hook Market?

Significant Contributions of the Report

  • Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the Market with qualitative research and quantitative insights
  • Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the Market over the forecast period.
  • Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
  • Regional Market Forecast: Thorough analysis of each regional Market to provide Market players with real-time data and reliable statistic to gain a competitive edge in the industry
  • Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

Railroad Ties Market Study: An Emerging Hint of Opportunity by 2031

The automotive market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. The market growth declined drastically when the manufacturing units experienced shutdowns for months and a deficiency in raw materials supply and shortage of human resources Owing to the ongoing crisis caused by the COVID-19 pandemic, the production, and supply chain activities have seen a minor slump. However, the market is likely to face a swift turnaround as the economy starts to stabilize.

Future Market Insights has adopted multi-disciplinary approach to shed light on the evolution of the Railroad Ties Market during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2020, and key prospects over the forecast period 2021 to 2031.

Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Future Market Insights to arrive at various estimations and projections of the Railroad Ties Market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Railroad Ties Market.

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Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are:

  • Gross and Janes Corporation
  • IntegriCo
  • Nisus Corporation
  • Peterson Astec Industries Inc.
  • Vossloh
  • BRIDGEWELL RESOURCES
  • Koppers Inc.
  • Tank Fab
  • Sannosuke Kobayashi Co. Ltd.
  • AGICO GROUP
  • Lankhorst Mouldings
  • AandK Railroad Materials, Inc.
  • Austrak Pty Ltd
  • Others.

Segmentation

The report provides detailed segmentation to give readers in-depth analysis and insights. Deep-level segmentation has been provided for this market based on:

Product Segmentation

The study endeavors to assess the current and future development possibilities, undiscovered roads, factors molding their income potential in the worldwide market by breaking it into segments such as its types, applications, and region-wise assessment.

By Product Type:

  • Wooden Tie
  • Steel Tie
  • Concrete Tie
  • Others

By Application:

  • Train
  • Subway
  • Others

By Regions Covered

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

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Insights in the Report

Full in-depth analysis of the parent market

The analysts at FMI adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results. The study not only provides estimations and projections but also a clear evaluation of these figures on the market dynamics.

Important changes in market dynamics

The various insights in the study are based on extensive cycles of primary and secondary research the analysts engage with during research. The report covers an in-depth analysis of key changes in market dynamics in the recent past and the near future.

Segmentation details of the market

  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets

Queries Solved

  • What are the size of the overall Railroad Ties Market in the Automotive market and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the Railroad Ties Market in the Automotive market, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the Railroad Ties Market in the Automotive market?
  • What is the Railroad Ties Market in Automotive market size at the regional and country-level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in Railroad Ties Market in the Automotive market?
  • What are the recent trends in Railroad Ties Market in the Automotive market? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the Railroad Ties Market in Automotive market growth?
  • What are the key market trends impacting the growth of the Railroad Ties Market in the Automotive market?

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Table of Content

  • Executive Summary
  • Market Overview
  • Key Success Factors
  • Global Railroad Ties Market – Pricing Analysis
  • Market Background

Reasons to Buy the report

  • Our industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
  • We provide detailed market segmentation, with insights and reports that other companies fail to fetch.
  • We provide the most accurate analysis of the market and its trends because the data collected are from highly reliable sources.

Multi Attachment Loaders Market Share by 2031: Upcoming Trends and Analysis : FMI

A multi attachment loader is a hefty equipment device which is used to load or move different objects, materials and is multi purposely used in various fields like agriculture, construction, landscaping and in various industries. Multi Attachment Loaders are used to move sand, stones, rock, etc. Multi Attachment Loaders can be temporarily or permanently mounted as per the need. Multi Attachment Loaders makes work easy for humans and reduces the work human efforts. It can be varied from 150+ different attachments as every loader have got different purpose to serve.

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Multi Attachment Loaders is mainly used in the earthmoving jobs where the prime task is to move, deposit and load materials efficiently. The major components included in the Multi Attachment Loader are: the engine (diesel in almost all cases), the hydraulic components (such as valves, motors and pumps) and the transmission components (axcel, pumps, wheels/tracks, gearbox, motors, etc.).

The types of Multi Attachment Loader mainly depends upon application and design. The engine scuttle both the transmission and the hydraulic, and these is moved in the front attachment successively (sweeper, bucket, forks, sweeper, etc.) to carefully move the material being handled, and the wheels or tracks to move the machine around the jobsite.

Competitive Analysis:

Some of the key market participants in the global of Multi Attachment Loaders market, identified across the value chain include:

  • AB Volvo Group
  • Catterpillar Inc.
  • Komatsu Corporation
  • Doosan Corporation
  • Hitachi Corporation.
  • J.C. Bamford Excavators Limited
  • Liebherr Group
  • CNH Industrial
  • Hyundai Motor Company
  • Terex Corporation

The research report on the Multi Attachment Loaders market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

The Multi Attachment Loaders market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, vehicle type, and sales channel.

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Analyst Perspective

Increasing flexibility for various requirements is a major challenge for the Multi Attachment Loaders market as in the increasingly unstable and unforeseeable Indian economy requires Multi Attachment Loaders manufacturers to build more flexible and efficient operating machines.

The proliferated usage of these devices across small, medium and large businesses have determined that it is the most crucial equipment in today’s automobile industry to drive energy savings and important factors for calculating the total cost of ownership.

Regional Outlook

Asia Pacific is anticipated to remain the most attractive market, region which is been followed by North America during the forecast period. The growth can be witnessed due to various government projects in these regions.

From example, constructional activities of infrastructural development, in emerging countries such as India and China. North America also plays a crucial part in the market of multi attachment loaders. The demand of the skid steer attachment type is the main reasons for the demand of multi attachment loaders in the region.

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The global Multi Attachment Loaders market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

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By Segmentation:

The global Multi Attachment Loaders Market can be segmented on the basis of attachment type, Operation Type, wheel type, Engine HP and application type.

Attachment Type:

  • Back Hoe
  • Skid Steer
  • Crawl
  • Mini Loaders

Wheel Type:

  • Wheeled
  • Track

Operation Type:

  • Diesel/Conventional
  • Electric

Engine HP:

  • Below 50 HP
  • Above 50 HP

Application Type:

  • Mining
  • Construction
  • Waste Management
  • Forestry
  • Others( Agriculture, Landscaping)

Image Recognition in Retail Market 2021 | Scope of Current and Future Industry 2030

The image recognition technology can be utilized for retail applications to process, analyze and understanding images. Many retailers are implementing AI and image recognition technology in retail to deliver the next level of customer experience. This is one of the major factors driving the growth for image recognition in retail market. Image recognition technology is also used for product recommendations, product discovery, & trend analysis in retail sectors.

Image recognition in retail offers number of applications across security, marketing, payment, shopping & customer service. Retailers are using image recognition solutions, to help improve in-store customer service, as well as possibly address showrooming, by allowing shoppers to scan a product with an app and pull up current inventory. Image recognition can help merchants retain sales from shoppers who compare prices online via their smartphones.

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Impact of COVID-19 Pandemic Outbreak on Image Recognition in Retail Market

The most immediate impact of COVID-19 is that contactless technologies like Artificial Intelligence (AI), Virtual Reality (VR), Augmented Reality (AR) and image recognition in retail and are now being forced to adapt to the emergent threat.

Amidst the COVID-19 crisis, several enterprises and startups have launched and developed image recognition systems, to hold the virus spread and ascertain organizational security. Image recognition technology offers an innovative and secure way in terms of hygiene and convenience, amid the COVID-19 pandemic outbreak.

The image recognition market was valued at around US$ 17 to 19 Bn in 2019. However, as the COVID-19 rate accelerates, the market is estimated to grow by 4%-5% CAGR in 2020, as compared to the growth in 2019, due to the increasing demand for digital image processing, pattern recognition, and other object recognition, across the retail sector.

Image Recognition in Retail Market: Drivers and Challenges

Drivers

Increasing use of image recognition applications such as scanning & imaging, security & surveillance, marketing & advertising, are fueling the growth of the image recognition in retail market. The growing need for improving the accuracy of the biometric authentication process, drives the image recognition in retail market growth.

Furthermore, the rising demand for big data analytics and the need for product brand recognition in retail sectors, are major factors expected to fuel the new growth opportunities in the market. Image recognition in retail offers different benefits such as auditing product placement, detecting trends in product placement, assessing compliance and competition, and category analysis.

The reliability of such benefits drives the Image recognition in retail market growth.

Challenges

However, the image recognition in retail market is also impacted significantly when the scanning process is not perfect due to poor lighting, blur, motion, or even physical problems.

Also, high cost of installation of image recognition systems, as well as technical issues regarding the compatibility with existing systems, are some of the factors challenging the growth of image recognition in retail market.

Image Recognition in Retail Market: Competition Landscape

Some of the prominent players providing image recognition solutions in retail are

  • Qualcomm Technologies, Inc.
  • NEC Corporation
  • Catchoom Technologies S.L.
  • Hitachi, Ltd.
  • Wikitude GmbH
  • Attrasoft, Inc.
  • Trax Retail
  • Snap2Insight Inc.

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Image Recognition in Retail Market: Regional overview

By geography, the image recognition in retail market has been segmented into North America, Europe, Latin America, East Asia, South Asia & Pacific, and Middle East & Africa. The market is currently dominated by Europe followed by North America, due to the advancements in image recognition technologies by the prominent vendors in these regions.

Moreover, Asia Pacific holds a comparatively higher market CAGR in the global image recognition in retail market, due to the growing advancements in the field of digital shopping and e-commerce, in this region.

The image recognition in retail market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report covers exhaustive analysis on:                                     

  • Image Recognition in Retail Market Segments
  • Image Recognition in Retail Market Dynamics
  • Image Recognition in Retail Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Technology Landscape
  • Value Chain of the Market
  • Image Recognition in Retail Market Drivers and Restraints

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Europe (Germany, Italy, U.K, Spain, France, BENELUX, Russia, Rest of Europe)
  • East Asia (China, South Korea, & Japan)
  • South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific)
  • Middle East and Africa (GCC Countries, Turkey, South Africa, Rest of MEA)

Report Highlights:

  • Detailed overview of parent image recognition in retail market
  • Changing image recognition in retail market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected image recognition in retail market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of image recognition in retail market
  • Strategies of key players and solution 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
Image Recognition in Retail Market: Segmentation

The image recognition in retail market has been segmented on the basis of component, technology, application, and region.

component :

  • Hardware
  • Software
  • Services

basis of technology:

  • Digital Image Processing
  • Code Recognition
  • Optical Character Recognition
  • Object Recognition
  • Pattern Recognition

basis of application:

  • Scanning & Imaging
  • Image Search
  • Security & Surveillance
  • Augmented Reality
  • Marketing & Advertising
  • Others

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