Projected Growth: Automotive Axle Market to Achieve USD 26.1 Billion by 2033, Expanding at a 12.1% CAGR | FMI Reports

Automotive Axle Market
Automotive Axle Market

The global automotive axle market is projected to reach USD 8.3 billion in 2023, bolstered by the expanding marine market sector. This growth trend is expected to continue, with the market anticipated to grow at a CAGR of 12.1% from 2023 to 2033, potentially reaching approximately USD 26.1 billion by 2033.

However, fluctuations in raw material prices could pose challenges to market growth during this period. Despite this, the increasing demand for hybrid and electric vehicles, along with rising requirements for all-wheel-drive (AWD) vehicles, presents significant opportunities for the market.

The shift towards electric vehicles (EVs) and hybrid vehicles may impact the automotive axle market’s growth. Nonetheless, advancements in axle technology—such as the development of lightweight, compact, and high-performance axles—are expected to drive further market expansion and address emerging industry needs.

Identify key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our PDF Sample Report:

Key Takeaways from the Market Study

  • The global automotive axles market captured a CAGR of 11.3% between 2018 and 2022.
  • The United States captured a market share of 25.21% in 2022.
  • North America developed at a market share of 31% in 2022.
  • Europe held a market share of 27.2% in 2022.
  • Germany is estimated to record a 6.9% CAGR from 2023 to 2033.
  • The United Kingdom expanded at a market share of 7.22% in 2022.

“Getting acquainted with key innovations in automotive axles to improve maintenance and performance is considered to be one of the leading drivers of the automotive axle market”, – comments a Future Market Insights analyst.

Competitive Landscape

The automotive axle industry consists of several leading players. Research and development are mainly used for the introduction of environment-friendly product lines from the core aspect of these manufacturers.

A few expansion strategies, inclusive of collaborations, mergers and acquisitions, and exploration of regulatory approvals, are also followed by the industry players in the market to strengthen their position in the market.

Top Key Players

  • Dana Incorporated
  • American Axle and Manufacturing Inc.
  • Daimler AG
  • Meritor Inc.
  • GNA Group
  • Melrose Industries Plc.
  • ZF Friedrichshafen AG
  • BorgWarner Inc.
  • Hyundai Wia Corporation
  • Talbros Engineering Limited

Ready to make an informed decision? Contact our sales team to secure your copy of this report and stay ahead of the competition.

Recent Innovations

  • In January 2023, Daimler Truck Holding AG started with strong business development and continues its profitable growth path. In the first quarter of the current financial year, the group significantly increased its unit sales compared to the prior year’s quarter.
  • In March 2023, Siemens Digital Industries Software and Daimler Truck AG announced a new collaboration to implement a state-of-the-art digital engineering platform built using the Siemens Xcelerator portfolio of software and services.

The new platform enabled Daimler Truck to explore a future of commercial vehicle innovation and the efficient product development and lifecycle management of trucks and buses. It also rolled out globally across Daimler Trucks’ engineering hubs, brands, and business segments.

Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global automotive axle market providing historical data from 2018 to 2022 and forecast statistics between 2023 and 2033.

To understand opportunities in the automotive axle market is segmented based on major By Automotive Axle Market by Axle Type – (Dead Automotive Axle, Drive Automotive Axle, Lift Automotive Axle), Automotive Axle Market by Application – (Front Automotive Axle, Rear Automotive Axle), Automotive Axle Market by Vehicle Type – (Automotive Axle for Passenger Cars, Automotive Axle for Light Commercial Vehicles, Automotive Axle for Heavy Commercial Vehicles) and by Region: (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding China & Japan, Japan, China, Middle East & Africa)

About the Automotive Division at Future Market Insights

The automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Automotive Screenwash Products Market Projected to Hit USD 8,125 Million by 2033, Expanding at a 15.03% CAGR | FMI Reports

Automotive Screenwash Products Market
Automotive Screenwash Products Market

In 2022, the global automotive screenwash products market was valued at USD 1,812 million and is estimated to reach USD 2,003 million in 2023. According to Future Market Insights (FMI), the market is projected to grow at a robust CAGR of 15.03% from 2023 to 2033, potentially reaching around USD 8,125 million by 2033.

The market’s growth is primarily driven by the surge in automotive vehicle sales in recent years. Additionally, increased adoption of screenwash products for personal use, along with rising disposable incomes, are key factors contributing to market expansion.

Improvements in screenwash products—such as all-season compatibility and enhanced formulations for removing bug marks—combined with decreasing prices, are boosting market growth. The shift towards personal use of screenwash products, rather than relying solely on service providers, is creating significant opportunities for market growth. Furthermore, the growing inclination towards electric vehicles is also contributing to the rise in demand for automotive screenwash products.

Elevate Your Automotive Business Strategy with Key Insights from Our Latest Report On Screenwash Market Growth. Request the Sample Report:

Key Takeaways from the Market Study

  • The global automotive screenwash products market expanded at a CAGR of 14.1% between 2018 and 2022.
  • India is forecasted at a CAGR of 6.21% in the automotive screenwash products market.
  • China is anticipated at a CAGR of 6.54% in the automotive screenwash products market.
  • The United Kingdom consists of a significant portion of Europe’s market with a market share of 10.24%.
  • Based on the sales segment, direct sales have a market share of 72%.
  • Based on product type segment, all-season automotive screenwash products are forecasted a market share of 60.2%.

“Expansion of vehicle fleet raises the demand for automotive screenwash products is one of the primary drivers of the automotive screenwash products market”, – comments a Future Market Insights analyst.

Market Competition Scenario

Attributed to the presence of such a high number of participants, the market is highly competitive. An automotive screenwash products market report also contains projections using a suitable set of assumptions and methodologies.

Global automotive screenwash products research report provides analysis and information according to market segments such as geographies, applications, and industries.

Some of the key players in the automotive screenwash products market are

  1. Controls Group
  2. Stanley
  3. Gilson Company, Inc.
  4. Humboldt Mfg. Co.
  5. Cooper Technology
  6. PaveTesting Limited
  7. GDS Instruments
  8. Geo-Con Products Pty Ltd.
  9. Test Mark Industries
  10. Forney LP

Key Innovations

  • Prestone makes products for vehicles and specializes in making antifreeze/coolants for cooling system demands. In December 2022, Prestone Products was acquired by Centerbrige Partners for $230M.
  • In April 2023, Magnum Research’s iconic revolver known as the BFR, which mainly stands for “biggest, finest revolver” or “big-frame revolver,” unveiled its latest addition to the BFR family at the 2023 Meetings: the BFR in Remington’s new 360 Buckhammer chambering.

Gain Immediate Access to Detailed Market Insights: Checkout Now to Uncover Segment-specific Information, Identify Key Trends, Drivers, and Challenges:

Key Segments Profiled in the Automotive Screenwash Products Industry Survey

Automotive Screenwash Products Market Based on Product Type:

  • All-Season Automotive Screenwash Products
  • Bug Remover Automotive Screenwash Products
  • De-icer Automotive Screenwash Products
  • Water-repellent Windshield Washer Fluid Screenwash Products

Automotive Screenwash Products Market Based on Sales Channel:

  • Direct Sales of Automotive Screenwash Products
  • Indirect Sales of Automotive Screenwash Products

Automotive Screenwash Products Market Based on End Use:

  • Automotive Screenwash Products for Auto Maintenance Shops
  • Automotive Screenwash Products for Personal Use

Automotive Screenwash Products Market Based on Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Automotive Back-Up Camera Market Projected to Hit USD 465.8 Million by 2033, Growing at a 4.4% CAGR | FMI Reports

Automotive Back-up Camera Market
Automotive Back-up Camera Market

The global automotive back-up camera market in 2022 was USD 292.7 million and is estimated to be USD 302.9 million in 2023. According to Future Market Insights anticipation, the automotive back-up camera market is predicted to expand at a CAGR of 4.4% between 2023 and 2033, totaling around USD 465.8 million by 2033.

The rise in the number of fatalities that leads to a rise in the adoption of backup cameras and a surge in demand for passenger vehicles coupled with safety and security concerns among consumers drives the growth of the global automotive back-up camera market.

The high cost of installation hampers the growth of the market. Boost in the trend for the installation of advanced driving systems and legislation mandating the installation of backup cameras in vehicles are anticipated in creating a number of key opportunities for the key players in the industry.

Discover How Rising Automotive Demand across Various Sectors is Fueling the Automotive Back-up Camera Market .Stay Ahead With Valuable Insights From Our Latest Report! Request Your Sample.

Key Takeaways from the Market Study

  • The global automotive back-up camera market expanded at a CAGR of 2.8% between 2018 and 2022.
  • North America is projected to exhibit significant growth with a market share of 33%.
  • The United States is forecasted to capture a market share of 28.9% between 2023 and 2033.
  • Europe is anticipated to emerge as a highly remunerative market for automotive backup cameras with a market share of 29.2%.
  • Based on vehicle type, the passenger vehicle segment mainly accounts for 63.2% of the global automotive back-up camera market.
  • Under position segment, surface mounted segment contributes to 52.3% of the global automotive back-up camera market.

 “Swift rise in production and sales of automotive vehicles is considered as one of the key growth factors of the automotive back-up camera market”, – comments a Future Market Insights analyst.

Important Developments

  • In November 2022, Continental AG expanded its global activities in software development for the automotive industry. It is one of the leading providers in the field of automated and connected mobility, opening a development center for software and systems in Chongqing, southwest China. It is not going to increase Continental’s local capacity for software development in China, but it might also allow the DAX-listed company to strengthen its know-how and expertise in the field of software and system development for modern vehicle concepts.
  • In March 2023, HANOVER – Automotive supplier Continental presented its final business figures for the past year and might provide an outlook for the rest of 2023. According to preliminary data, the Hanover-based DAX-listed corporation could generate more sales but remained under pressure financially due to high additional costs for energy, transport and materials.

Contact Our Sales Team Now to Discuss How You Can Acquire This Report and Gain Valuable Insights for Your Business.

Top Key Players

  • Robert Bosch
  • Continental AG
  • Denso Corporation
  • Garmin Ltd.
  • Magna International
  • Delphi Automotive
  • Astral
  • Valeo SA
  • Fabtec
  • EchoMaster

Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global automotive back-up camera market providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the automotive back-up camera market is segmented based on major By Monitor: (LCD, LED, TFT- LCD), By Position: (Surface Mounted Automotive Back-up Camera, Flush Mounted Automotive Back-up Camera, License Mounted Automotive Back-up Camera), By Vehicle Type: (Light Commercial Vehicle (LCV), Passenger car (PC), Heavy Commercial Vehicle (HCV), Construction Vehicle), By Sales Channel: (Original Equipment Manufacturer, After Market) and Region: (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding China & Japan, Japan, China, Middle East & Africa)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Future Outlook: Automotive Engineering Services Market Expected to Expand to USD 3.2 Billion by 2033, with a CAGR of 7.17% | FMI Reports

Automotive Engineering Services Market
Automotive Engineering Services Market

In 2022, the global Automotive Engineering Services Market was valued at USD 1.46 billion and is projected to grow to USD 1.6 billion in 2023. According to Future Market Insights (FMI), the market is expected to expand at a CAGR of 7.17% from 2023 to 2033, potentially reaching approximately USD 3.2 billion by 2033.

The growth of the automotive engineering services market is being driven by increasing demand for advanced technological solutions, including connectivity features and collision avoidance sensors. Additionally, the emphasis on developing lightweight vehicles—spurred by government regulations and manufacturer initiatives aimed at improving fuel efficiency—is contributing to market expansion.

Government regulations mandating safety-related systems are a major factor propelling the market forward. Furthermore, the rising adoption of electric and hybrid vehicles is increasing production needs and driving growth in automotive engineering services.

Explore our sample report to understand how technology and lightweight designs are steering market growth. Download your sample copy now:

Key Takeaways from the Market Study

  • The global automotive engineering services market expanded at a CAGR of 6.42% between 2018 and 2022.
  • India is forecasted to develop a 6.8% CAGR from 2023 to 2033.
  • China is anticipated to expand at a CAGR of 7.2% from 2023 to 2033.
  • North America has captured a market share of 43.2% in 2022.
  • European market bolstered at a market share of 48.2% in 2022.
  • Under the service segment, prototypes were registered at a market share of 56.2% in 2022.

“Demand for advanced and autonomous connectivity features is influencing innovation intensely and is one of the major key drivers of the automotive engineering services market”, – commented a Future Market Insights analyst.

Market Competition

Companies aim to develop cutting-edge solutions during the entire life cycle of a product, from the design and inception phase to the end of its service life. They also strategically locate their main factories in emerging markets to make it ideal to service the developing markets.

Key companies profiled in the Automotive Engineering Services Market

  1. FEV Group GmbH
  2. IAV
  3. Ricardo
  4. AVL
  5. ALTEN Group
  6. Bertrandt
  7. ALTRAN
  8. L&T Technology
  9. Capgemini Service SAS
  10. T-NET JAPAN Co., Ltd.
  11. DesignTech Systems.
  12. Tech Mahindra Limited
  13. EDAG Engineering GmbH
  14. Horiba, Ltd.

Ready to make an informed decision? Contact our sales team to secure your copy of this report and stay ahead of the competition

Some of the new developments in the automotive engineering services market are:

  • In May 2023, Tech Mahindra inaugurated Technology Development Center in Oman.
  • In August 2023, Temasek is planning to invest 12 billion rupees ($145 million) in Mahindra & Mahindra Ltd.’s electric vehicle unit, valuing it at US$ 9.8 billion.

Key Segments Profiled in Automotive Engineering Services Market

By Service Type:

  • Testing & Diagnostic
  • System Integration
  • Designing
  • Prototyping
  • Research

By Applications:

  • ADAS & Safety
  • Body & Chassis
  • Powertrain & Exhaust
  • Interior, Exterior & Body Engineering
  • Electrical, Electronics & Body Controls
  • Connectivity Services
  • Simulation

By Location:

  • Outsourced Services
  • In-house Services

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Future Outlook: Bicycle Market to Achieve USD 6,229.4 Million by 2033, Expanding at 8.92% CAGR | FMI Reports

Bicycle Market
Bicycle Market

In 2022, the global bicycle market was valued at USD 1,300 million and is projected to grow to USD 2,650.23 million in 2023. The market is expected to expand at a CAGR of 8.92% from 2023 to 2033, reaching approximately USD 6,229.4 million by 2033.

The growth in the bicycle market is driven by increasing consumer preference for bicycles as a leisure activity. Bicycles are popular for maintaining an active, healthy lifestyle and preventing various ailments, making them a sought-after form of exercise.

The rising global demand for bicycles is fueled by heightened public awareness of the health benefits of cycling. Additionally, the rapid growth of dockless bicycle-sharing programs is contributing significantly to market expansion, reflecting a shift towards more accessible and sustainable transportation options.

Click Here to Request Your Sample Report on the bicycle industry

Key Takeaways from the Market Study

  • The global bicycle market expanded at a CAGR of 7.42% between 2018 and 2022.
  • Based on the product segment, the road bicycle market had a revenue share of 70%.
  • Under the end-user segment, men sector held a significant bicycle market share at 75%.
  • Based on the technology segment, the conventional sector dominates the market share of 80%.
  • North America is forecasted at a market share of 42.8%.
  • Europe’s market is anticipated to increase with a market share of 38.4% in the bicycle market.

“Developments in GPS technology and Mobile App development is one of the key drivers of the bicycle market”, -comments a Future Market Insights analyst.

Market Competition

Key players can create and advertise new, better goods at high price points to obtain a continuous competitive edge in the bicycle market. Additionally, a few significant bicycle market players are increasing their bicycle market share by choosing techniques including mergers and acquisitions, partnerships, and collaborations.

Top Key Players

  • Accell Group
  • Atlas Cycles (Haryana) Ltd.
  • Avon Cycles Ltd.
  • Cervelo
  • Dorel Industries Inc.
  • Giant Bicycles
  • Merida Industry Co., Ltd.
  • Specialized Bicycle Components, Inc.
  • SCOTT Sports SA
  • Trek Bicycle Corporation

Recent Developments Contributing to the Growth of the Bicycle Market

  • Yulu is an app-based platform that offers on-demand bicycle/e-bike rentals in a few Indian cities. Through a mobile app, the business offers GPS and Bluetooth-enabled bicycles and electric bikes for rent. By scanning the QR code on the bicycle to unlock it, the user can ride after viewing nearby available bicycles on the app.
  • Pony is an app-based platform for dockless bicycle rentals in a few locations across Europe. The software allows users to find nearby vehicles that are available and lock/unlock them by scanning a QR code. Users may leave the bicycle at any authorized spot when they reach their destination.

Valuable Insights Available

Future Market Insights offers an unbiased analysis of the bicycle market providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the bicycle market is segmented based on major By Product Type: (Comfort, Cruiser, Mountain, Hybrid, Road, Cargo, Youth), By Technology: (Electric, Conventional), By Price: (Low Range, Medium range, Premium), By End User: (Kids, Men, Women), and Region: (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding China & Japan, Japan, China, Middle East & Africa)

About the Automotive Division at Future Market Insights

The automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Vegan Yogurt Market Projected to Surge with 5.8% CAGR, Reaching USD 11.7 Billion by 2033

The vegan yogurt market size is expected to grow steadily at a CAGR of 5.8% from 2023 to 2033. It is projected to surpass a valuation of USD 11.7 billion by 2033, up from USD 6.7 billion in 2023.

The research report on the vegan yogurt market highlights that the growing vegan movement in North American and Asian countries is a key driver behind the success of vegan products. Vegan yogurt, in particular, enjoys significant household penetration due to its health benefits and high nutritional value. Additionally, its appealing flavors, enriched with organic ingredients, are boosting sales. The inclusion of advanced active and inactive cultures, along with probiotics and beneficial gut bacteria, enhances the yogurt’s health benefits, making it excellent for gut health and digestion.

A growing number of people are choosing healthy lifestyles and avoiding animal exploitation, driving up the demand for vegan alternatives to dairy products. Companies are experimenting with varying levels of probiotic bacteria and enriching their products with high protein and fiber content to attract consumers. Emerging plant-based companies are innovating with yogurt made from materials such as coconut, soy, cashew, oat, and almond milk. Additionally, the narrowing price gap between conventional and vegan yogurt is boosting global sales of vegan yogurt.

Gain Strategic Insights into Industry Trends of Vegan Yogurt Market Request Your Sample Report

Key Points

  1. The United States market is another significant market. The market is anticipated to cross a value of US$ 803.6 million by 2033. The regional market is expected to thrive at a CAGR of 5.4% between 2023 and 2033. The growth is attributed to rising veganism and anti-diary movements.
  2. The China vegan yogurt market leads in terms of CAGR and market share. It is expected to thrive at a leading CAGR of 6.9% during the forecast period. The market is likely to reach a value of US$ 5.6 billion by 2033. Growing demand for vegan products, along with the increased lactose intolerant population, is flourishing the sales of vegan yogurt in China
  3. Almond yogurt is likely to thrive in the product category due to its easy availability and high nutritional value. It is expected to thrive at a CAGR of 6.6% during the forecast period.
  4. The household segment tops the end-use category with a CAGR of 3.8% between 2023 and 2033. The growth is attributed to its benefits in the daily diet through increased consumption.

Competitive Landscape

The global vegan yogurt market is highly fragmented, with leading players introducing high-quality, nutrient-rich products to meet growing demand. To address a diverse range of tastes and preferences while preserving nutritional value, companies are expanding their production capacities.

Market Developments

  • Epigamia, an Indian startup, announced the debut of a dairy-free coconut milk-based yogurt variety that is unsweetened specifically to meet the needs of Indian consumers.
  • Danone has introduced its vegan yogurt under its essential dairy and plant-based products. The product is produced through almond milk and coconut milk.

Key Players

  • Stonyfield Farm, Inc.
  • KaTech
  • Epigamia
  • NANCY’S
  • Daiya Foods Inc
  • Kite Hill
  • Chobani, LLC
  • COYO Pty Ltd.

Gain Exclusive Access to Growth Strategies in Vegan Yogurt Market Grab Your Essential Report

Key Segments 

By Product Type:

  • Soy Milk Yogurt
  • Coconut Milk Yogurt
  • Almond Milk Yogurt
  • Rice Milk Yogurt

By Flavor:

  • Chocolate
  • Strawberry
  • Banana
  • Pineapple
  • Mango
  • Lemonade
  • Peach

By End Use:

  • HORECA
  • Household

By Sales Channel:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Crystalline Fructose Market Projections: Growth Trends, Market Share, and Demand Analysis to 2032

different kind of sugar on the white table

The global crystalline fructose market (結晶フルクトース市場)is poised to record a stable CAGR of 3.4% from 2022 to 2032. The global market is projected to garner a worth of US$ 765 million by 2032, up from US$ 532 million in 2022. Strong research and development activities combined with technical capabilities have propelled various companies to the forefront, augmenting their crystalline fructose market share. The demand for crystalline fructose can also be attributed to its property where it is 20% sweeter than high fructose corn syrup and sucrose.

The demand for crystalline fructose is expected to be on a higher trajectory owing to improved sugar refining technologies. Due to technological advancements, sugar cane crushing rates and crystalline fructose processing has increased significantly, resulting in the recovery and retention of crystalline fructose. Furthermore, the rising sales of crystalline fructose are also because even though crystalline fructose is derived from the corn itself, it is highly emerging as an alternative to high fructose corn syrup, since it is close to 100% pure fructose.

Get Sample Copy

Crystalline Fructose is majorly derived from corn starch and the propelling demand for crystalline fructose is on the rise. Since it offers multiple unique benefits, such as extending the shelf life of the food and preventing nutrition bars and baked goods from drying out, among more. Additionally, FIPS (Federal Information Processing Standards) are likely to define crystalline fructose with no less than 98% fructose, and the remaining 2% be minerals and trace water.

Key Takeaways

  • The demand for crystalline fructose is immensely growing as it is sweeter than both table sugar and high fructose corn syrup. Furthermore, it is a valuable sweetener for sugar-free foods & beverages and is also known for its low calories.
  • The sales of crystalline fructose are on the rise as it can be integrated with other sweeteners to not only provide enhanced sweetness, but also to improve the texture, and taste of the food. Moreover, individuals are rapidly inclining towards a healthy lifestyle and low-calorie foods. Several food service providers are rapidly opting for crystalline fructose instead of table sugar and other alternatives, which is providing a significant boost to the demand for crystalline fructose.
  • The increasing urban population has significantly enlarged the demand for crystalline fructose, among other various types of sweeteners for the wide applications it offers to different food products.
  • Specifically, within health and energy drinks, there is rising inclusion of crystalline fructose witnessed in the last few years, boosting the overall sales of crystalline fructose. When used in recipes, crystalline fructose is likely to boost sweetness and enhance the texture. It also provides stability and works as an excellent substitute for sugar in almost everything, thereby boosting the overall sales of crystalline fructose as well.
  • The surging utilization of crystalline fructose in numerous end-use applications such as pharmaceuticals, food, cosmetics, feed, and ethanol production is driving the demand for crystalline fructose in tandem with the sales of crystalline fructose.
  • The rising demand for crystalline fructose is attributed to its usage as a water-retention agent in personal care and cosmetics serums, as well as a nutritional supplement in pharmaceutical products like syrups and injections.
  • Growing technical innovation within the food processing sector along with the rising demand for nutritional snack bars, create huge sales of crystalline fructose which in turn propels the overall market growth.

Competitive Landscape

Key players in the global crystalline fructose market are focusing on developing strategies consisting of both organic and inorganic products in order to improve their market position, thereby soaring the overall sales of crystalline fructose.

Purchase this report

More Insights into the Crystalline Fructose Market

The North American region is anticipated to dominate the global crystalline fructose market over the forecast period. According to the reports of the Calorie Control Council, more than 180 million individuals in the United States consume low-calorie, sugar-free foods, and beverages on an everyday basis, auguring well for the crystalline fructose market share.

Rising sales of crystalline fructose can be credited to individuals who are increasing demand for more natural sweeteners in the food and beverages they consume to diminish their calorie intake. Therefore, food service providers are integrating crystalline fructose into food and beverage to meet the demand for crystalline fructose. The growth prospects in the United States are quite higher and are likely to capture a sizable crystalline fructose market share.

The Asia Pacific region is expected to create robust demand for crystalline fructose as well as sales of crystalline fructose are expected to display tremendous growth rates in the coming years owing to the abundant population, increasing urbanization, and increasing disposable incomes, among more.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Desktop as a Service (DaaS) Market is Poised to Grow at a Healthy CAGR of 18.3% by 2033 | Future Market Insights, Inc.

The Desktop as a Service (DaaS) Market is expected to increase from USD 6,484.3 million in 2023 to USD 34,908.8 million by 2033. The market is expected to progress at a CAGR of 18.3% from 2023 to 2033.

For businesses of all sizes, managing a considerable number of desktop and laptop workstations with locally installed software is a headache. Additionally, time is wasted on failure investigation and repair, user assistance, and data backup. Desktop as a service addresses these problems by consolidating everything into a business or cloud data center.

Discover Growth Opportunities in Desktop as a Service (DaaS) Market – Get Your Sample Report Now

Growth in Cloud Computing Benefits the Market for DaaS

The use of cloud-based solutions is becoming standard practice in the IT industry. Over the course of the forecast period, these solutions are anticipated to propel the worldwide cloud-based software market. Thanks to advantages including great flexibility and efficiency.

There are several benefits of cloud computing such as cheap cost, scalability & flexibility, and ease of access from any device or location. All these benefits allow the industry to see a dramatic transition from on-premise deployment to cloud deployment.

Cloud computing has provided organizations with several advantages, including cost savings and increased business efficiency since it was invented almost 20 years ago. Access to data is getting simple. Thanks to the increasing usage of web-enabled devices in today’s work environment, such as smartphones and tablets, is pushing companies to employ desktop-as-a-service solutions.

The market for desktop-as-a-service is anticipated to increase favorably as more advanced technologies like advanced analytics, robotics, and artificial intelligence solutions are used.

A substantial amount of competitive landscape consolidation is still present in the worldwide desktop-as-a-service market, with tier-1 vendors contributing 50% of total revenue. Amazon Web Services, VMware, IBM, Microsoft, NetApp, Cloud Alize, Fujitsu, and Citrix Systems are a few of the leading companies in the desktop-as-a-service industry.

Leading corporations are concentrating on partnerships and collaborations with cloud IT service providers to assist businesses in streamlining the process of moving workloads and data to the cloud.

Key Points from the Desktop as a Service (DaaS) Market:

  • The market is predicted to expand at an 18.3% CAGR through 2033.
  • The primary drivers supporting the market are the quick growth of IT infrastructures and the increasing preference for working from home.
  • The market is expected to surpass USD 34,908.8 million by 2033.
  • North America is estimated to dominate the global desktop as a service (DaaS) market by 2033.

Key Developments in the Desktop as a Service (DaaS) Market

  • January 2022 – A deal was signed between CDW, a U.S.-based distributor of technology products and services, and Hewlett Packard Enterprise’s Green Lake on-premise cloud services. The company can increase the distribution of its Service Works UK DaaS solution thanks to this deal.
  • January 2022 – Microsoft made the “Trusted Launch” security features and Azure Virtual Desktop support, which is designed exclusively for virtual computers, available.
  • January 2021 – Dizzion, Inc. reported an investment from LLR Partners. The company’s staff and end-users’ cloud (EUC) platform development and this relationship opens up chances for acquisition.
  • April 2021- The debut of an advanced managed desktop product based on IBM clouds by Dizzon, Inc., a managed desktop as a service provider. The system helps businesses manage their workforce by facilitating employees’ remote work in a safe and collaborative environment.
  • August 2019 – The desktop as a service offering VMware clouds on Amazon Web Services (AWS) was introduced by Dizzon, Inc. It allows for convenient, anytime, everywhere access to applications and data using any device.
  • In August 2019, Citrix introduced Citrix Managed Desktops, a desktop-as-a-service option for Microsoft. It provides cloud hosting so that businesses may use desktop applications built for Windows from anywhere and on any device over the cloud.

Contact Our Sales Team Today to Discover the Key Insights for Your Success!

Leading Key Players:

  • Cisco Systems, Inc.
  • Fujitsu
  • NetApp
  • Citrix Systems, Inc.
  • NTT Communications Ltd.
  • VMware
  • Microsoft Corporation
  • IBM Corporation
  • Cloudalize
  • Amazon Web Services

Desktop as a Service (DaaS) Market Key Segmentation:

By Solution:

  • Desktop-as-a-Service Solution
  • Services
    • Consulting
    • Technical Support
    • Managed Services

By Enterprise Size:

  • Small & Medium Enterprises
  • Large Enterprises

By Deployment:

  • Public
  • Private
  • Hybrid Cloud

By Industry:

  • BFSI
  • Media & Entertainment
  • Government
  • IT & Telecom
  • Healthcare
  • Manufacturing
  • Education
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • The Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Cyber Security in Robotics Market Size and Shares to Grow at a CAGR Value of 11.7% by 2033 | Future Market Insights, Inc.

Cyber security in robotics market is expected to have a market share of USD 11.6 billion by 2033. Whereas the market is likely to be valued at USD 3.8 billion in 2023. The market is growing at a Strong CAGR of 11.7% from 2023 to 2033.

Robotic technology can easily be hacked or cyber-attacked through network breaches. Thus, vendor companies are installing these cyber security solutions within the robotic AI system.

The long range of applications that robotic technology caters to are some crucial fields that deal with human health, security, and data. Therefore, the stringent government laws around these security propositions are considered by the end users and manufacturers.

Request Your Sample Now – Unlock Growth Potential and Discover Key Market Opportunities!

Advanced cyber-attacks for financial and data information while also malfunctioning robotic systems to hurt people have become common. Making people more aware of cyber security. Furthermore, the wide range of verticals is also flourishing the demand for cybersecurity solutions in robotics.

Advanced cyber security for elderly care robots is also in the market trend as they get consumed at an increasing rate. It is due to the rising elderly population.

Key Points

  1. The United States market leads the cyber security in robotics market in terms of market share in North America. The North American region held a market share of 42.4% in 2022. The growth in this region is attributed to the rising adoption of robotic and autonomous technology in the household and industries as well. The United States itself held a market share of 38.6% in the global share in 2022.
  2. The United Kingdom’s cyber security in robotics market is another significant market in the European region. The market thrives at a CAGR of 11.6% between 2023 and 2033. The growth is attributed to the stringent government safety norms and higher penetration of AI deployment in robots.
  3. Japan cyber security in robotics market held a market share of 4.7% in 2022. The growth is attributed to it being the technological and robotic hub of Asia.
  4. The industrial robot leads the product type segment as it held a market share of 26.7% in 2023. The growth is attributed to the enhanced safety proposition and higher consumption.
  5. Based on the service type, the security assessment segment leads, holding a substantial global share of 34.3% in 2023.

Competitive Landscape

The key vendors work on adding security layers, successfully detecting the threat beforehand, and easy functionality. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Key Players

  • McAfee
  • Aujas Cyber Security
  • TUV Rheinland
  • Trojan Horse Security
  • Beyond Security
  • Alias Robotics
  • NTT Data
  • Xelium Tech Solution
  • Exida
  • Skyhopper
  • DXC Technology
  • Cloud Flare
  • Infosec
  • Akamai
  • Radware

Connect with Our Sales Team Now to Explore the In-Depth Insights in This Report and Drive Your Business Forward!

Recent Market Developments

  • McAfee has introduced the robot character analysis that detects the different types of security threats on the robots. It saves the robot data from a type of data breach with effective communication.
  • Trojan Horse Security has also launched its cyber security platform for robotic technologies. As this saves it from different attacks like reply attacks, fault injection attacks, etc.

Market Segmentation

By Solution:

  • Authentication
  • Secure Communication
  • Encryption
  • Denial of Service Protection
  • Risk & Vulnerability Management

By Services:

  • Security Testing
  • Upgradation & Patch Management
  • Security Assessment

By Type:

  • Industrial Robot
  • Medical Robot
  • Collaborative Robot
  • Defense Robot
  • Others

Key Regions Covered:

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Excluding Japan
  • The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Contract Lifecycle Management Market is Expected to Reach a Strong Valuation of USD 3,771.7 Million by 2033 | FMI

In comparison to USD 1,189.4 million in 2023, the global contract lifecycle management market revenue is anticipated to reach US$ 3,771.7 million by 2033. A CAGR of 12.2% is predicted for the market between 2023 and 2033.

By using digitalization, contract life cycle management (CLM) automates and streamlines the contracting process. As the name implies, it begins with preauthorization and lasts up to expiry or renewal.

Unlock Growth Potential – Request Your Sample Now and Explore Market Opportunities!

Drivers

  • Growing complexity and volume of contracts in organizations
  • Increasing need for contract management process automation and digitalization
  • Growing adoption of cloud-based solutions among small and medium-sized enterprises (SMEs).
  • Rising demand for effective risk management and compliance with regulatory requirements
  • Enhance compliance through automated tracking, regulated processes, and a complete audit trail
  • Cost savings and operational efficiency achieved through streamlined contract processes
  • E-signature eliminates the need for sending and signing numerous copies of contracts, saving time and money

Trends

  • Utilization of machine learning and artificial intelligence for contract assessment
  • Transition to cloud-based CLM solutions to enable remote access and cut infrastructure expenses
  • Contract lifecycle management incorporation with other systems of businesses including CRM and ERP
  • Expansion of CLM solutions beyond conventional contract management to include supplier management and procurement
  • Shift toward flexible and customizable CLM solutions as well as mobile CLM applications

Opportunities

  • Growing demand for CLM products tailored to particular industries
  • Integration of blockchain technology to manage contracts in a safe and transparent manner
  • Increasing demand in the government, healthcare, and educational sectors.
  • Leverage analytics and data visualization tools to acquire insights about contract performance and spot opportunities for improvement
  • Incorporate natural language processing and other advanced technologies to advance the precision and effectiveness of contract management

Key Takeaways:

  • The United States held an 18.1% share of the global contract lifecycle management sector in 2022.
  • Exhibiting a CAGR of 15.8% over the forecast period, the contract lifecycle management market in India is predicted to develop significantly.
  • The contract lifecycle management industry in Germany accounted for an 8.6% share of the global market in 2022.
  • Based on business function, the finance segment dominated the market and accounted for 17.2% of the global market in 2022.
  • Based on industry, the government and public sector segment held a market share of 15.4% in 2022.

Competitive Landscape:

Software and service providers operating in the contract lifecycle management market assist firms in managing their contracts at every stage of their lifespan. These services include contract drafting, negotiation, storage, tracking, analysis functionalities, and others. These service providers deal with companies of all sizes and in various sectors. They assist them in lowering risk, enhancing compliance, and enhancing contract visibility and control.

Key Players

  • Coupa Software Inc. (Exari)
  • Infor
  • Newgen Software Technologies Limited
  • SAP SE
  • Infosys Limited
  • Information Services Group, Inc.
  • Model N, Inc.
  • Synertrade (Econocom Group)
  • Corcentric
  • Ivalua Inc.
  • Agiloft Inc.
  • Apttus
  • CobbleStone Software
  • Conga
  • Contract Logix, LLC
  • Icertis
  • iContracts, Inc.
  • Jaggaer
  • SecureDocs, Inc.
  • Symfact

Reach Out to Our Sales Team Now and Unlock the Insights You Need to Succeed!

Recent Developments:

  • Icertis announced Icertis Matter Management in May 2022, founded on the ICI Platform for Icertis Contract Intelligence.
  • DocuSign released DocuSign CLM Essentials, an updated version of their contract lifecycle management software, in April 2022. With this launch, the business seeks to attract small and emerging organizations and departments.
  • Coupa received Federal Risk Authorization Management Program approval to serve the public sector in March 2022. The FedRAMP has granted Coupa Moderate Authorization.
  • Microsoft and Icertis worked together in June 2019 to improve contractual solutions based on blockchain. Tracking contractual requirements and responsibilities is possible with the help of the Icertis Blockchain Platform.
  • Exari, an eminent supplier of contract lifecycle management, was acquired by Coupa Software, a capital spending Management Company, in May 2019.

Contract Lifecycle Management Market Segmentation

By Solution:

  • Contract Lifecycle Management Software
  • Contract Lifecycle Management Services
    • Professional Services
      • Risk & Compliance Assessment
      • Implementation & Integration
      • Support & Maintenance
    • Managed Services

By Business Function:

  • Legal
  • Finance
  • Procurement
  • Sales
  • Operations
  • Human Resource
  • Information Technology

By Industry:

  • BFSI
  • IT & Telecom
  • Government & Public Sector
  • Energy & Utilities
  • Manufacturing
  • Healthcare & Pharma
  • Life Sciences
  • Retail
  • Real Estate
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube