Dryer Sheets Market 2021 Development Status, Competition Analysis, Type and Application 2028

Nowadays, scents have become an essential part of cleanliness. When consumers purchase household cleaning products, the pleasant fragrance of the product is a top priority for them. Therefore, various companies in the dryer sheets market have focused on research and development activities to develop innovative formulas for unique scents in dryer sheets. Dryer sheets provide fabrics a wearable softness and excellent fragrance. Dryer sheets are used as cationic surfactants that help in keeping the fabric soft and remove static cling by forming an electrically conductive chemical layer. Thus, they improve the longevity of the fabric. Dryer sheets are also placed in suitcases, bags, drawers, and washing machines when clothes are being washed, for a light and refreshing scent. Dryer sheets are used to remove dust from the surface of computer screens and window blinds.

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Reasons for Covering the Dryer Sheets Market Title

Nowadays, washing machines have become an essential household asset globally. Thus, companies in the laundry care market are introducing innovative solutions such as dryer sheets that are compatible with washing machines and offer brilliant laundry results. Prominent players in the dryer sheets market are also adopting new marketing strategies to influence the buying behavior of consumers. New dryer sheets with innovative features and marketing campaigns for consumer awareness are the factors influencing the growth of the dryer sheets market in the near future. Additionally, there is a growing demand for fabric softeners such as dryer sheets that provide a positive charge and thus, remove the static cling in the clothes and offer a fresh scent. Also, the growing demand for long-lasting dryer sheets with biodegradability features that enhance the lifespan of fabric, reduce the formation of wrinkles, and others are some other factors fueling the growth of the dryer sheets market during the forecast period. However, scented laundry care products such as dryer sheets, contain carcinogens that potentially increase the risk of cancer. This factor may hamper the growth of the dryer sheets market in the near future.

Global Dryer Sheets Market: Key Players

Some of the key players operating in the global dryer sheets market are S.C. Johnson & Son Inc., Reckitt Benckiser Group PLC, Colgate-Palmolive, Henkel AG & Co. KGaA, Seventh Generation, Inc., LG Household & Health Care Ltd., Malco Products, Inc., Woolzies Home Essentials, Inc., Procter & Gamble Co., Unilever PLC, Golrang Industrial Group, Church & Dwight Co., Inc., and others.

Increasing penetration of washing machines owing to the rise in working women, busy schedules, and the availability of easy financing options along with the growing demand for eco-friendly laundry care products such as dryer sheets, are some of the leading factors driving the growth of the global dryer sheets market. Moreover, the rapidly expanding FMCG industry, the rise in awareness about personal hygiene, and the expanding organized sales channel in the developing countries to cater to untapped market are expected to drive the dryer sheets market during the forecast period.

Global Dryer Sheets Market: Key Developments

  • In May 2018, Procter & Gamble Co. started manufacturing of Bounce dryer sheets at its new US$ 50 Mn plant in West Virginia to meet the growing consumer demand for dryer sheets.

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Opportunities for Global Dryer Sheets Market Participants

Marketers in the dryer sheets market are focusing on expanding their presence through various digital marketing campaigns and social media platforms in a more distinguishing manner to target the right audience attributed to the growth of the dryer sheets market in the near future. For instance, various dryer sheets companies have developed their online presence across websites and different social media platforms such as Facebook, YouTube, Google+, Instagram, and many more to connect directly to customers and conduct their business virtually. Moreover, innovative packaging plays an essential role in communicating with consumers, as colors, typefaces, images, and materials create an emotional connection with consumers. Innovative convenience features associated with packaging such as ease of opening, resealability, portability, and one-handed use are accelerating the growth of the dryer sheets market.

The study is a source of reliable data on:

  • Dryer Sheets Market segments and sub-segments
  • Dryer Sheets Market trends and dynamics
  • Supply and demand
  • Dryer Sheets Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)
Global Dryer Sheets: Market Segmentation

On the basis of the pack, the global dryer sheets market has been segmented as –

  • 10 to 50 Pieces
  • 50 to 100 Pieces
  • 100 to 150 Pieces
  • 150 and Above

On the basis of the price range, the global dryer sheets market has been segmented as –

  • Low
  • Medium
  • High

On the basis of sales channel, the global dryer sheets market has been segmented as –

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Stores
  • Independent Small Stores
  • Others

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Dryer Sheets Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Dryer Sheets Market shares and strategies of key players
  • Emerging niche segments and regional Dryer Sheets markets
  • An objective assessment of the trajectory of the Dryer Sheets market
  • Recommendations to companies for strengthening their foothold in the Dryer Sheets market

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Agricultural Equipment Market will expand at a steady CAGR of 4.8% : FMI

[280 Pages Report] The agriculture equipment market will expand at a steady CAGR of 4.8% between 2021 and 2031. The market valuation is set to reach US$ 65 Bn by 2021 end.

Owing to the increasing adoption of modern farm machinery, agriculture equipment sales are anticipated to reach around 6.7 Mn units by 2031.

The Agricultural Equipment Market witnessed a year-on-year (YOY) growth of 3.7% between 2020 and 2021, with top 5 market players collectively accounting for 44% market share in 2021.

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Agricultural Equipment Market Historic Sales Compared to 2021- 2031 Forecast Outlook

With increasing demand for automated and advanced technologies in the agricultural sector, the agricultural equipment market is set to register a CAGR of 4.8% between 2021 and 2031, surpassing a valuation of around US$ 65 Bn by 2021 end.

Rapidly growing population, urbanization, favorable government initiatives and soaring demand for food across the world are the prime factors driving the agricultural equipment market.

Transition from traditional farming techniques to modern agricultural machinery has thrown new life into agricultural equipment market. Agricultural equipment prove highly effective in saving time as well as in increasing the crop production.

According to Department of Economic and Social Affairs (United Nation), world population is expected to reach 9.7 billion in 2050. This in turn is expected to increase food demand by 70% through 2050. In order to sustain such enormous population, farmers are increasingly utilizing modern agricultural equipment.

Governments across the globe are encouraging farmers to adopt modern agricultural equipment by introducing low interest loan schemes and subsidies. As a result, the sales of agricultural equipment are soaring. Similarly, emergence of contract farming also impacts the demand for agricultural equipment.

New advancements in technologies ranging from robotics and drones to computer vision software have completely transformed modern agriculture. Introduction of electrical equipment along with integration of artificial intelligence (AI), global positioning systems (GPS) and internet of things (IoT) technology in farm equipment is likely to push the market growth further.

Advanced farming machinery such as spraying equipment, harvesters and crop processing equipment are being employed to enhance overall crop output and quality. With augmented reality (AR), farmers can visualize their entire farm in a single dashboard. It also enables new farmers to get familiar with agricultural equipment through immersive e-learning environments.

Adoption of driverless and electrified equipment’s such as tractors is gaining traction. The shifting consumer preference towards higher yield and cost-effective solutions is propelling the growth of the market.

With modern agriculture becoming highly mechanized, the market is set to bloom during the forecast period.

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Agricultural Equipment Market – Impact of Government Initiatives

Increasing focus of government authorities on developing farming sector is providing lucrative growth opportunities for agricultural equipment manufacturers. Various schemes and subsidies are being introduced to relieve farmers from economic burden and encourage farm mechanization. For instance, the U.S. Department of agriculture (USDA) offers various loans with favorable interest rates to help agricultural producers start or expand their farming operation, purchase equipment and storage structures.

Similarly various schemes implemented by governments and other private organizations across the world are positively impacting the demand for agricultural equipment.

How is Digital Leasing Affecting Sales of Agricultural Equipment?

With the advancement in agricultural technology, the cost of new equipment is skyrocketing. Small farmers cannot afford to purchase these high-cost machineries, although utilizing them has become need of the hour. As a result, farmers turn to leasing to keep up with technology.

Leasing is growing in popularity on account of the payment flexibility and technological adaptability. It is a hedge against inflation.

Companies are collaborating with application companies to market leasing business and encourage farmers to use farm equipment at affordable prices.

Digital leasing is attracting large number of farmers. Various mobile applications are being launched by government authorities to help farmers in choosing the best farm equipment rentals at low costs. For instance, in 2019 Union Minister for Agriculture and Farmers Welfare (INDIA) launched CHC Farm Machinery app for farmers to have easy access to high value and technical agricultural equipment at their doorstep.

Similarly, EM3 AgriServices, an agriculture Services Company launched a mobile app for farmers in the state of Madhya Pradesh. By using this app farmers can place orders for renting farm equipment and services through both online and offline payment methods.

The introduction of these digital mobile apps is bolstering the sales of agricultural equipment as more people are inclined to lease the advanced agricultural equipment for their farms.

Agricultural Equipment Market- Competitive Landscape

As per FMI’s analysis, top 5 players in the market which include

  • Deere & Company
  • AGCO Corp
  • CNH Industrial N.V.
  • Kubota Corporation
  • CLAAS KGaA GmbH

account for 44% of the total market share.

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Leading manufacturers are emphasizing on developing and launching advanced quality products. They are adopting various organic and inorganic growth strategies such as partnerships, mergers and acquisitions, advanced product development and collaborations to gain a competitive edge in the market. For instance

  • In August 2021, Deere and Company acquired Bear Flag Robotics, an agriculture technology startup based in Silicon Valley, for US$ 250 million. The deal accelerates the development and delivery of automation and autonomy on the farm and supports John Deer’s long-term strategy to create smarter machines with advanced technology.
  • In 2020, Kubota Corporation unveiled a “Dream Tractor” at a new product exhibition held in Kyoto City. Equipped with artificial intelligence (AI) and electrification technology, the “dream Tractor” is a completely autonomous tractor that represents the future of farming.
  • Similarly in December 2020, Raven Industries announced the launch of its first commercially-available Driverless Ag Technology: AutoCart.

Aerial Work Platform (AWP) Market will expand at a CAGR of 12.0% Between 2021 and 2031 :FMI Study

Increasing the number of urban and rural infrastructure projects to meet the needs of the increasing population around the world is generating endless growth avenues for the aerial work platforms market. According to Future Market Insights (FMI), the aerial work platform market is expected to surpass US$ 7.09 Bn by 2021. The demand for aerial work platforms is increasingly growing in the general infrastructure and manufacturing sectors. It has become popular between small & giant construction firms and maintenance agents.

In addition, massive government spending on infrastructure projects such as highways, rail, water conservation, and power generation is likely to create lucrative business opportunities over the next few years. However, low availability of qualified machine operators and massive costs incurred during the procurement of equipment are some of the factors that might impede the growth.

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Moreover, the rapid development for equipment from myriad industries has pushed manufacturers to sell technically fitted instruments such as electrification and hybridization technology, thus further widening the potential of development over the near future for the market for aerial work platforms. Scissor lifts are likely to remain highly preferred, accounting for over half of aerial work platform sold through 2031.

Key Takeaways of Aerial Work Platforms Market Study

  • Between 2021 and 2031, the aerial work platform market will expand at a CAGR of 12.0%
  • The U.S. will emerge as a highly lucrative pocket, accounting for over 90% of North America market in 2021, in terms of value
  • The U.K. will exhibit steady growth post slowdown in 2020. FMI projects it to record above 1.5% Y-o-Y growth in 2021
  • Rising construction spending will continue supporting demand from Germany and France
  • Investment in infrastructural development will boost growth in Japan, South Korea, and China

“While investment towards technological improvements remains a key focus, key market players are expected to mostly rely on rental businesses to expand their footprint. Besides this, some of the companies are incorporating sensors in aerial work platforms to help them detect potential obstruction averting risk of accidents on site,” said a lead analyst at FMI

Who is Winning?

Some of the leading companies operating in the aerial work platforms market are

  • Terex Corporation,   J C BAMFORD EXCAVATORS Ltd., Aichi Corporation, Haulotte Group, Linamar Corporation, Hunan Sinoboom Heavy Industry Co. Ltd., Manitou Group, Tadano Limited, Zhejiang Dingli Machinery Co., Ltd., OSHKOSH CORPORATION, MEC AERIAL WORK PLATFORMS, PALFINGER AG, IMER INTERNATIONAL SpA,    MANTALL HEAVY INDUSTRY CO., LTD, NOBLELIFT INTELLIGENT EQUIPMENTCO.,LTD.

These companies have been focusing on product launches besides strategic collaborations to gain competitive advantage.

For instance, in October 2019, Manitou unveiled five new boom lifts for the market in North America. These were diesel powered boom lifts and the models were ATJ 60, TJ 8, TJ 65+, TJ 80+, and TJ 65. With this the company expanded its MEWP line.

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Aerial Work Platforms Market by Category

Product Type

  • Boom Lifts
  • Scissor Lifts
  • Truck/Crawler Mounted Lifts
  • Push Around Aerial Work Platforms
  • Spider Lifts
  • Others

Platform Working Height

  • Below 10 Meters
  • 10 to 20 Meters
  • 20 to 30 Meters
  • Above 30 Meters

Fuel

  • Gas/ Diesel
  • Electric
  • Hybrid

End User

  • Industry
  • Construction
  • Mining
  • Transportation and Logistics
  • Manufacturing
  • Aerospace and Defence
  • Others (Utility, Government etc.)
  • Rental Providers

Region

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

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About the Report:

According to FMI, the market research report, offers an impartial analysis of the aerial work platform market which contains global industry analysis for 2016–2020 and market forecasts for the 2021–2031. The research report analyzes on global aerial work platform market through the different categories. The global market analysis of the aerial work platform provides pricing information through various life cycle studies, product life cycle, key market developments and innovations that are being introduced in the development of the aerial work platform and product acceptance in various end-use.

Global Refrigerated Display Cases Market to grow at 5.5% CAGR through 2031 : FMI

Increasing refrigerated display cases sales are set to enable the market’s valuation to reach US$ 9.5 Bn in 2021. Future Market Insights (FMI) in a study has predicted stable long-term growth for the market. The report offers analysis in 20+ high-growth markets, providing detailed insights on Refrigerated Display Cases Market growth will evolve in the next decade. The demand for refrigerated display case declined in 2020, due to the recessionary effects of COVID-19 on the food service sector activities. However, barring a few countries, the activities in food and beverage industry has resumed at a healthy rate post Q2 of the financial year.

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With the sector undergoing a recovery mode, the immediate as well as long-term growth outlook of refrigerated display cases the market remains positive. According to the report, the retail food and beverages sector will continue accounting for over 70% of sales of refrigerated display cases through the forecast period.

Introduction of high performance and connected refrigerated display cases with real time cloud access and maintenance will create lucrative growth opportunities. In the coming years, the market also will gain from the launch of low GWP refrigerants aimed at lowering environmental challenges.

Key Takeaways

  • Expansion of the supermarkets and hypermarkets will remain a chief growth driver, enabling the market rise at 5.5% CAGR between 2021 and 2031
  • Rising demand for ready-to-eat food is fuelling refrigerated display cases sales across supermarkets and hypermarkets in the U.S. The country is expected to account for over 70% of the North America market
  • Expansion of the food service sector will enable growth in Germany and France
  • The U.K. will emerge as a strong market, exhibiting 3.8% y-o-y growth in 2021 after a period of decelerating sales in 2020
  • While China currently holds dominance, Japan will emerge as the leading market in East Asia backed by rising demand for packaged food

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“Recent developments in food service and food retail sectors are creating lucrative prospects for the market. Consumers’ inclination towards add-on features like real time maintenance, remote access, and others is increasing, which is expected to give tailwinds to growth. In order to woo end users, manufacturers are therefore providing competitive price offering and advanced technologies,” says FMI analyst.

The implementation of stringent government norms and regulation on use of refrigerant for cooling is estimated to create high growth avenues for the refrigerated display case market. The increasing focus on eco-friendly and sustainable refrigerated display cases in developed and developing economies across the globe is creating growth opportunities.

Competitive Landscape

The refrigerated display cases market is fairly competitive, with key players accounting over two third of the overall market value share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market share.

Some of the key players in the market are

  • Carrier Corporation,
  • Frigoglass SAIC,
  • Epta S.p.a. Refrigeration,
  • Dover Corporation,
  • Haier Group,
  • Arneg S.p.A,
  • Illinois Tool Works,
  • Daikin Industries, Ltd.,
  • Fagor Industrial, and others.

Refrigerated display case market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities. Collaboration, mergers and acquisition with regional companies will remain key strategies adopted by market players as they aim at expanding their footprint in regional market.

Refrigerated Display Cases Market

Type

  • Plug-In Refrigerated Display Cases
  • Semi Plug-In Refrigerated Display Cases
  • Remote Refrigerated Display Cases

Design

  • Vertical Refrigerated Display Cases
  • Horizontal Refrigerated Display Cases
  • Hybrid Refrigerated Display Cases

By End Use

  • Food Service Sector
    • Quick Service Restaurants
    • Bakeries
    • Hotels
    • Others
  • Retail Food & Beverage Sector
    • Fuel Station Stores
    • Hypermarkets
    • Supermarkets
    • Discount Stores

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

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Get Valuable Insights into Refrigerated Display Cases Market Report

Future Market Insights, in its new offering, provides an unbiased analysis of the global refrigerated display cases market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The refrigerated display cases market study uncovers convincing bits of knowledge based on type (plug-in, semi plug-in, and remote), design (vertical, horizontal, and hybrid), and end user (food service sector and retail food and beverages sector) across six key regions.

Condition Monitoring Service Market is projected to surpass the valuation of over US$ 4 Bn by 2030 end

The global demand for condition monitoring services is projected to surpass the valuation of over US$4 Bn by 2030 end. As suggested by a new Future Market Insights (FMI) report, substantial growth in the condition monitoring service market is mainly backed by the growth of the power generation industry, which holds a prominent share of the overall market value, closely followed by the chemical and petrochemical industries.

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Increasing urbanisation and rapid industrialisation are creating massive opportunities for key market players in the automotive & transportation industry, thereby bolstering the adoption of condition monitoring services in global market. On the flip side, the current global coronavirus pandemic is expected to cost global economy about US$ 1 Tn in 2020, as per the UN Conference on Trade and Development. The automotive, logistics, and petrochemicals industries, in particular, are well within the radar of the potential impact of the virus.  Several business executives have halted their manufacturing operations, given the large-scale lockdowns in majority of countries. As the COVID-19 pandemic spreads, condition monitoring services would see a notable decline in their adoption.

Key Takeaways of Condition Monitoring Service Market Study

  • According to our research, the portable machine diagnostic segment is shaping the revenue pool of the condition monitoring service market as the portable equipment is used to analyze data from the sensors, saving time of operation.
  • In current scenario, integration of condition monitoring software with computerized maintenance management services & process control software is an emerging trend in the global condition monitoring service market.
  • North America is a prominent market for condition monitoring services and is expected to continue its hegemony, owing to its strong industrial growth and high adoption of the services in the region.
  • In the global condition monitoring service market, over 55% of the revenue comes through vibration analysis and oil analysis segments. Rising focus on maintenance in order to minimize the asset downtime is fueling the deployment of both the techniques.

In order to minimize the asset downtime, it is necessary to monitor the assets continuously or in regular intervals, especially in facilities such as power generation and petrochemical plants. Given the criticality of highly accurate results in such facilities, manufacturers are striving to further develop condition monitoring software that can be integrated into the services to record the data.

How Growth will Unfold

The ability of vibrational analysis to predict possible deformities makes it a preferable technique to enhance asset efficiency, plan maintenance, and avoid unscheduled standstill. About 7 out of 10 players in condition monitoring service market are investing in vibrational analysis. On the other hand, devising a proper oil analysis framework is essential in sustaining plant operations.

FMI finds that inefficient lubrication methods result in over 50% of machinery and bearing deformities. Consequently, market players are also shifting capital investments toward oil analysis technique.

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CONDITION MONITORING SERVICE MARKET TAXONOMY

Technique

  • Vibration Analysis
  • Corrosion Monitoring
  • Infrared Thermography
  • Ultrasound Testing
  • Motor Condition Monitoring
  • Oil Analysis

Operation

  • Route Based Monitoring
  • Portable Machine Diagnostics
  • Online Machine Monitoring
  • Online Machine Protection
  • Factory Assurance Test

End Use Industry

  • Oil & Gas
  • Power Generation
  • Aerospace & Defense
  • Automotive & Transportation
  • Marine
  • Mining & Metal
  • Food & Beverage
  • Chemical & Petrochemical

Region

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

Competition Landscape Analysis

The global condition monitoring service market is slightly competitive, with the presence of moderate number of local and global manufacturers. Key manufacturers such as SKF, Fuji Electric, Siemens AG, ABB, Honeywell International Inc., Meggit PLC, General Electric, and Parker Hannifin Corp. account for nearly half of the share of the overall market. Manufacturers are focusing on strengthening their product portfolio by launching advanced condition monitoring services and collaborating with end users.

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South Asia Represents Potential Growth Avenues

The demand for condition monitoring services is expected to gain traction in South Asia in the coming years, owing to increasing investments in power generation, and petrochemical industries. Governments in countries such as India, and Indonesia are encouraging private sector players to minimize the deficit in power in order to fulfill maximum power requirements. This, in turn, is underpinning the condition monitoring service market in the region.

Electric Motor Market Valued At Over US$104 Bn In 2021, Will Expand To Over 5.1% CAGR From 2021 To 2031: FMI

[300 Pages Report] The Electric Motor Market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021, while the AC Motors segment was up 5.1% to 837 million units. 

Global sales of electric motors will be valued at over US$104 Bn in 2021, with a stable long-term projection, according to the latest insights by Future Market Insights (FMI). A new report estimates the market to expand to over 5.1% CAGR from 2021 to 2031.

Driven by increasing focus on research and development and investment in Industrial sector, the electric motor market will rise at 5.6% CAGR between 2021 and 2031 in comparison above 3.8% CAGR registered during 2016-2020.

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According to Future Market Insights (FMI), increasing automation and robotics in industrial production sector has fueled the demand for electric motors. The market also is gaining from rapid technological advancement and advent of industrial 4.0.

The electric motors market, however, registered a moderate decline in its sales volume in FY2020 because of the unforeseen COVID-19 pandemic. Demand from major end-use industries like automotive, oil & gas, and others wanted. Contrary to this, sections of the medical sector were not affected because of the 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 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 are expected to contribute towards market growth in the years to come.

Key Takeaways from Electric Motors Market Study

<1HP. Power output electric motors projected to hold over 80% volume share of the global market in 2021, owing to robust demand for various applications. The AC Electric motors will 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 expected to grow with 5.4% CAGR in the forecast period.

“The electric Motors market expected 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 fueling 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.

Who is winning?

The electric motors market is highly competitive, with more than 1,000 players comprising 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.

Some 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.

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Electric Motor 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)

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Find More Valuable Insights

The research report analyzes demand for Electric Motors. The global electric motors market has analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has analyzed based on 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.

Lathe Machines Market: Global Industry Analysis and Opportunity Assessment 2017-2027 : FMI

A lathe is a tool that rotates any workpiece on its axis to carry out numerous operations such as cutting, deformation or drilling, knurling, and so on with tools applied on that workpiece to create a symmetrical object about an axis of rotation. In short, a lathe machine is used to shape various workpieces. Lathe machines have many applications; lathe machines are used in woodturning, metalworking, metal spinning, glass working, and thermal spraying. The main purpose of a lathe machine is to facilitate unfinished to finished metal product transformation.

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There are different types of lathe machines depending on the material being worked upon. There are three types of lathe machines – engine lathes, special purpose lathes, and turret lathes. Each of these types has its respective characteristics and applications. Engine lathes are the most popular. The best thing about engine lathes is that they can transform different materials other than metal. Turret lathes are used for sequential machining of single workpieces. Sequential machining helps in eliminating errors in the work alignment. With turret lathes, machining is done with better efficiency, reducing errors, increasing speed, and correspondingly reducing working time. Special purpose lathes are used for carrying out special procedures and processes (e.g. heavy-duty production of identical parts), and hence the name special purpose lathes.

The global lathe machines market is expected to flourish over the next decade and is likely to incur massive revenues during the forecast period. This growth can be attributed to an impressive development in the global automotive industry. The rise in demand for new, fuel-efficient, advanced automobiles with enhanced safety features is one of the main reasons for the global automotive boom, which has increased the demand for lathe machines in the automotive industry.

Global Lathe Machines Market: Drivers

The major factor likely to drive the growth of the global lathe machines market is automation. With growing awareness of quality, manufacturers have automated their production processes. The increased need to provide superior products has pushed manufacturers to use advanced automated systems. Integrating the Internet of Things (IoT) in manufacturing (Smart Manufacturing) is one of the new trends in the global lathe machines market that will gain sufficient traction in the coming years. To add to this, manufacturing industries in advanced and developing countries are focussing on replacing manually controlled lathe machines with computer numerical controlled (CNC) lathe machines to enhance industrial productivity and efficiency.

Growing urbanization has fueled market demand in the automotive, general machinery, and transport industries. The growth in these three main sectors has led to an augmented demand for metal machine tools and, are the growth accelerators of the global lathe machines market.

Global Lathe Machines Market: Restraints

One of the key factors likely to inhibit the growth of the global lathe machines market during the forecast period is the relatively high costs associated with deploying lathe machines. Significant U.S import restraints are another aspect likely to affect the growth of the global lathe machines market.

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Global Lathe Machines Market: Key Regions

The Asia Pacific is expected to be the most dominant market in the global lathe machines market and is predicted to be the fast-growing regional market in the coming years. Many initiatives such as “Make in India” along with rising automotive production have made APAC the focal point in global manufacturing, which is the main reason for the fast upsurge of the lathe machines market in this region. The highest growth is expected to be witnessed in India, followed by Japan. After APAC, the European lathe machines market will probably gain speed in the global lathe machines market. Effective measures and initiatives are driving the growth of the lathe machines market in developed regions such as the UK, France, Germany, Italy, and the rest of Europe.

Global Lathe machines market: Key Market Players

The key players in this market strive to remain competitive by focusing on collaborations, new product developments (NPD), and partnerships. Some of the key players operating in the global lathe machines market include Dalian Machine Tool Group Corporation, DMG Mori Co., JTEJT Corporation, Yamazaki Mazak Corporation, HMT Machine Tools, Samsung Machine Tools, Haas Automation, Okuma Corporation, Ace Micromatic, and Benzinger.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types, and applications.

Lathe Machines Market Key Segmentation

The global lathe machines market is segmented based on type, by operation, end-use industries, and geography.

By Type:

Vertical lathes, Horizontal lathes

By Operation:

Conventional lathes, CNC lathes

By End-user:

  • Automotive, General manufacturing, Transportation, Others.

By Geography:

North America – U.S., Canada, Mexico.

Europe – UK, Germany, France, Italy, Rest of Europe

Asia-Pacific – China, Australia, Japan, India, Rest of Asia-Pacific

LAMEA – Middle East, Latin America, Africa

Key Players

Dalian Machine Tool Corporation, DMG Mori Co., Ltd, Doosan Machine Tools, Haas Automotive Inc., Hardinge, Inc., HMT Machine Tools, JTEKT Corporation, Okuma Corporation, Samsung Machine Tools, Yamazaki Mazak Corporation.

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
  • The Middle East and Africa (GCC, S. Africa, N. Africa)

This 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 an 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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Lathe Machines Market Report Highlights:

  • Detailed overview of the 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

Green Coffee Bean Extract Market 2021 | Scope of Current and Future Industry 2027

Green coffee bean extract is derived from the extract of unroasted green coffee beans. Green coffee bean extract is rich in chlorogenic acid. Chlorogenic acid found in green coffee bean extract possess high benefits. It helps in improving glucose and insulin balance. Being a weight loss supplement, green coffee bean extract is used as an active ingredient in the weight loss products. Rising health consciousness coupled with increasing awareness regarding obesity and obesity-linked diseases is expected to increase the demand for green coffee bean extracts. The prevailing health and wellness trend has increased the significance of functionality aspect of food & beverages. Hence, green coffee bean extract is widely used while preparing coffee so that it not only serves the refreshment purpose but also provides functional benefits. This is expected to provide a significant boost to the growth of green coffee bean extract market during the forecast period.

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Market Dynamics of Green coffee bean extract:

Green coffee bean extract market is expected to grow rapidly during the forecast period. This rapid growth of green coffee bean extract market can be attributed to the growing health consciousness among consumers.It is also impacted by the increasing trend where companies are focused upon reformulation of the ingredient’s content in food & beverages to ascertain health benefits along with the taste. Factors such as on the go life style clubbed with the growing popularity of dietary supplements is expected to contribute significantly to the prominence of green coffee bean extract market. Owing to the increasingly hectic lifestyle of consumers, dietary supplements with purported health benefits have gained popularity. These factors are expected to fuel the growth of green coffee bean extract market in the near future.

Market Segmentation of Green coffee bean extract:

Green coffee bean extract market is segmented on the basis of form, application, distribution channel, and geography. Based upon form, green coffee bean extract market is segmented into powdered and liquid form.Over the next few years, powdered form of green coffee bean extract is expected to witness relatively higher share in the global green coffee bean extract market. On the basis of application, green coffee bean extract market is segmented into beverages, dietary supplements, and others. Dietary supplement segment is projected to expand at relatively higher CAGR in the global green coffee bean extract market. Based upon distribution channel, green coffee bean extract market is segmented into drug stores, speciality stores, supermarket/hyper market, convenience stores, and others such as direct selling, mass merchandisers etc.

Regional Outlook of Green coffee bean extract:

Based on geography, Green coffee bean extract market is segmented into seven different regions namely Latin America, Asia-Pacific, North America, Middle East and Africa, Western Europe, Eastern Europe, and Japan. North America is projected to hold relatively higher share in the Green coffee bean extract market during the reviewed market. Strong demand from U.S for green coffee bean extracts is expected to play vital role in increasing the revenue share of the region. Western Europe is expected to acquire second largest share in global green coffee bean extract market over the forecast period. Asia Pacific is projected to expand at relatively higher CAGR owing to the growing increasing obesity rates and increasing health awareness among consumers.Companies in the green coffee bean extract market focus upon leveraging the opportunities posed by emerging economies like India and China to strengthen their geographical presence and expand their revenue base.

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Key Market Players in Green coffee bean extract:

Some of the key players in the Green coffee bean extract market include Naturex, Nature Wise, Nature’s Way Products, LLC., Tru Body Wellness, MKC Food Products, Abc International, Alchem International Pvt. Ltd., and Absolute Nutrition among others.

The Report covers exhaustive analysis on:

  • Green coffee bean extract segments
  • Market Dynamics of Green coffee bean extract
  • Historical Actual Market Size, 2014-2016 for  Green coffee bean extract
  • Green coffee bean extract Size & Forecast 2017 to 2027
  • Value Chain
  • Current Trends/Issues/Challenges
  • Competition and Companies involved in Green coffee bean extract
  • Green coffee bean extract Drivers and Restraints

Regional analysis for green coffee bean extract market includes:

  • North America
    • US
    • Canada
  • Latin America
    • Argentina
    • Mexico
    • Brazil
    • Rest of Latin America
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
    • Poland
    • Russia
  • Asia Pacific
    • Australia and New Zealand (A&NZ)
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • The Middle East and Africa
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA
Green Coffee Bean Extract 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

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Power Tools Market by Technology, Product Type, Application & Region : Analysis and Review for 2021 – 2031

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

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The COVID-19 pandemic has severely affected the global economy. Resulting in manufacturing plants shutdowns, coupled with supply chain disruptions owing to nationwide lockdowns across the globe, subsequently resulting in the plunge in the power tools market growth. However, the market is expected to recover sharply as the economic activities resume post the containment of the pandemic. Manufacturers are focusing on scaling up their production capabilities with improved production rates creating positive prospects for the power tools market growth.

Key Takeaways of Global Power tool Market Study

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

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

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Global Power tool Market Competitive Landscape

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

Power Tools Market Key Segments

Product Type

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

Technology

  • Electric
    • Corded
    • Cordless
  • Pneumatic

Application

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

Sales Channel

  • Online
  • Offline

Region

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

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Valuable Insights into Global Power Tools Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global power tools market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power tools market based on backing product type (drilling tools, fastening tool, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench, circular saw), technology (electric and pneumatic), application  (manufacturing, MRO services, DRO, construction), and sales channel (offline and online) across six regions (North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa).

Carbide Tools Market Is Projected To Reach US$ 10,726.3 Mn By The End Of The Forecast Period

[315 Pages Report] The global Carbide Tools market is projected to reach US$ 10,726.3 Mn by the end of the forecast period while growing at a value CAGR of 7.0%. According to Future Market Insight’s volume analysis, the global Carbide Tools Market is estimated to have reached 187,652.6 thousand units by 2018 end and is expected to reach 365,280.9 thousand units by 2028 while exhibiting a CAGR of 6.9% during the forecast period.

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The report on the Carbide Tools market covers comprehensive information about market trends, volume (Thousand Units) and value (US$ Mn) projections, recent developments, dynamics (drivers, restraints, trends & opportunities) and competition landscape pertaining to the global Carbide Tools market for the study period 2018 to 2028.

Robust Technological Innovations and Growing Automation in Machine Cutting Tools Paving Way for Growth of Global Carbide Tools Market

Based on FMI’s analysis, most of the carbide tools that are sold have machine-based configuration. The report highlights significant opportunities for automatic machines or lathe machines. Convenient handling and operation, high-speed compatibility, and superior proficiency will remain the key determining factors rendering higher preference for machine-based over hand-based configuration.

Carbide Tools Market – Cutting Tools, and Drilling and Milling Tools Hold Prominent Shares

Among end user segments, metal fabrication and automotive & transportation are significant contributors to the global Carbide Tools market. In metal fabrication, Carbide Tools are frequently used for job shop applications, such as hole making, surface finishing, among others.

Within the automotive sector, drills, reamers, countersinks and mills tools are used for general applications, such as the making of co-centric holes, providing surface finishing and for other purposes. For many Carbide Tools, manufacturers are focused on creating coolant circulations inside Carbide Tools to improve the operational efficiency of tools.

Carbide Tools Market End-Use Sectors

Most Carbide Tools are available as coated type, as coating enhances the cutting output or cutting efficiency of Carbide Tools. The coated segment is expected to grow at addressable CAGR during the forecast period because of because of the substantial growth being witnessed in automation in the manufacturing sector. Non-coated type Carbide Tools are used mainly for woodworking purposes.

Almost 90% of carbide tools are coated, which affirm their improved performance over non-coated counterparts. Despite a high price point associated with the former, FMI expects that the revenue of coated tools will remain dominant over non-coated tools, as performance has become the paramount. Adoption for woodworking applications will sustain sales of non-coated carbide tools.

Escalating utilization of carbide tools for job-shop applications in metal fabrication, general automotive applications, and high-speed cutting applications will predominantly push sales prospects of carbide tools, as per FMI’s research. While adoption of carbide tools for automotive and fabrication end-use applications holds over 55% share in the total market revenue, growing adoption by heavy machinery manufacturers is also underpinning significant revenue generation in carbide tools market.

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Europe has been spearheading the expansion of carbide tools market, which is likely to receive powerful support from towering sales of EVs in the region. The report underscores remarkable contribution of China and India to the global market revenue. Spectacular growth of the automotive components and metal fabrication industries has helped to fuel the use of carbide tools within high-potential developing Asian economies, particularly China and India. Rapid automation of metal fabrication applications is cited as a predominant booster to adoption rate of carbide tools within the aforementioned countries. According to the report, the collective share of China and India currently equates just-under a fourth of the global value, likely to thrive at a robust pace in the years to come.

FMI has covered detailed market structure in the carbide tools market report, which includes some of the most prominent players such as KYOCERA Corporation, YG-1 Co., Ltd., Mitsubishi Materials Corporation, Allied Machine & Engineering Corp., OSG Corporation, Fullerton Tool Company, Sumitomo Electric Hartmetall GmbH, and others.

Carbide Tools Market Key Segment

By Product Type, the Carbide Tools market is segmented into

  • Circular Saw Blades
  • CNC Inserts
  • Router Bits
  • Cutters
  • Mills
  • Tap & Dies
  • Reamers

By end user, the Carbide Tools market is segmented into

  • metal fabrication
  • automotive & transportation
    • automotive
    • railway
    • aerospace
    • marine
  • heavy machinery
  • construction
  • furniture & carpentry
  • oil & gas
    • fabrication
    • manufacturing purposes
  • other manufacturing

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The global market for carbide tools is a highly fragmented landscape and FMI has characterized the space by moderate competition. Established brands such as IMC Group and Sandvik AB have been facing challenges related to profit margins owing to promising entry of new market players. While entrants are likely to maintain their focus on economic costs during new product launches, leading companies will continue to prioritize expansion.