Railway Air Filter Market Size Anticipates USD 480 Million by 2033

FMI-Automotive-Railway Air Filter Market
MRB-Automotive-Railway Air Filter Market

The Railway Air Filter Market size has been valued at USD 283.7 Million in 2023 and is expected to attain USD 480 Million by 2033, expanding at a CAGR of 5.4% during the forecast period.

The market for railway air filters is anticipated to be driven by the growing demand for high-performance air filtration solutions that have long functioning lives and overall low costs. Further, the surging demand for efficient climate control in the passenger compartment is predicted to escalate the adoption of railway air filters in railways. For instance, in July 2020, Sunstar

Group announced that a photocatalytic deodorization and sterilization system developed jointly by U-VIX Corporation, a subsidiary of Sunstar Group, and JR West Technos, will be installed as the air purifier solution in the passenger compartments of West Japan Railway Company’s selected express trains.

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The railway air filter market is further being driven by the growing concerns of manufacturers pertaining to heightened public consciousness regarding effective control over the transmission of airborne respiratory pathogens.

Product development to prevent the spread of the infection is being boosted by rising awareness of filters and research that suggests filters may operate as a possible repository for harmful pathogens. . In regard to this, the development of a filter treatment by University of Birmingham’s researchers that can kill fungi, bacteria, and viruses, such as SARS-CoV-2 in a few seconds, is predicted to aid the market growth.

Additionally, the formative and pioneering technological innovations to meet the demand for solutions that ensure safe and clean air in rail vehicles are expected to boost the market growth. The addition of new systems, developed for rail systems, in the company’s portfolio, is predicted to aid the market growth over the forecast period.

Key Takeaways

  • The railway air filter market size has been valued at US$ 283.7 Mn in 2023 and is expected to attain US$ 480 Mn by 2033, expanding at a CAGR of 5.4% during the forecast period.
  • The market for railway air filters is anticipated to be driven by the growing demand for high-performance air filtration solutions that have long functioning lives and overall low costs. Further, the surging demand for efficient climate control in the passenger compartment is predicted to escalate the adoption of railway air filters in railways. For instance, in July 2020, Sunstar
  • Group announced that a photocatalytic deodorization and sterilization system developed jointly by U-VIX Corporation, a subsidiary of Sunstar Group, and JR West Technos will be installed as the air purifier solution in the passenger compartments of West Japan Railway Company’s selected express trains.
  • The railway air filter market is further being driven by the growing concerns of manufacturers pertaining to heightened public consciousness regarding effective control over the transmission of airborne respiratory pathogens.
  • Product development to prevent the spread of the infection is being boosted by rising awareness of filters and research that suggests filters may operate as a possible repository for harmful pathogens. . In regard to this, the development of a filter treatment by the University of Birmingham’s researchers that can kill fungi, bacteria, and viruses, such as SARS-CoV-2 in a few seconds, is predicted to aid the market growth.
  • Additionally, the formative and pioneering technological innovations to meet the demand for solutions that ensure safe and clean air in rail vehicles are expected to boost market growth. The addition of new systems developed for rail systems in the company’s portfolio is predicted to aid the market growth over the forecast period.

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Competitive Landscape

The railway air filter market size is anticipated to be aided by growth opportunities, the completion of acquisitions, the formation of partnerships, and technological advancements. Following are the companies providing air filters for railways in the market, as identified by FMI:

  • Freudenberg Filtration Technologies GmbH & Co. KG
  • MANN+HUMMEL
  • Universal Air Filter
  • Capital Air Filters
  • National Air Filter
  • AFE Airfilter Europe GmbH
  • European Filter Solutions Ltd
  • Multifactor Europe Limited
  • Others

Key Segments Covered in the Railway Air Filter Market Report

By Type:

  • Air Intake Filters
  • Cabin Air Filters

By Propulsion Type:

  • ICE and Hybrid Vehicles
  • Electric Vehicles

By Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • 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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Prenatal Vitamin Supplement Market Projected to Hit USD 1.54 Billion by 2034 with a 10.1% CAGR Growth

The prenatal vitamin supplement market is estimated to be worth US$ 589.6 million in 2024 and is projected to be valued at US$ 1,542.4 million in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 10.1%.

Heightened awareness among expectant mothers regarding the significance of prenatal nutrition for maternal and fetal health is fostering increased demand for prenatal vitamin supplements. This surge in awareness reflects women’s proactive efforts to fulfill their nutritional requirements throughout pregnancy, further driving the market for prenatal vitamin supplements.

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Rising disposable incomes enable more consumers to afford prenatal supplements, contributing to market growth. As economic conditions improve, consumers are more willing to invest in their health and the health of their babies through supplementation.

Despite fluctuations, birth rates in many regions remain steady or are experiencing an upward trend. With more pregnancies occurring, there is a corresponding increase in demand for prenatal vitamin supplements to support maternal and fetal health.

Healthcare professionals, including obstetricians and gynecologists, routinely recommend prenatal vitamin supplements to pregnant women. These endorsements from trusted medical professionals significantly influence consumer purchasing decisions and contribute to market growth.

Key Takeaways from the Market Report

  • From 2019 to 2023, the prenatal vitamin supplement market expanded at a CAGR of 9.6%.
  • Based on product type, the pharmaceutical products segment is expected to account for market share of 88.5% in 2024.
  • The prenatal vitamin supplement demand in Germany is predicted to grow at a CAGR of 11.3% through 2034.
  • In the United States, the prenatal vitamin supplement industry is estimated to register a CAGR of 7.3% from 2024 to 2034.
  • The United Kingdom is projected to expand by a value CAGR of 8.9% between 2024 and 2034.
  • The prenatal vitamin supplement market in France is anticipated to record a CAGR of 12.6% during 2034.

The prenatal vitamin supplement market is being propelled by increasing maternal age, rising healthcare awareness, and the growing trend towards preventive healthcare,” says an FMI analyst.

Competitive Landscape

Prenatal vitamin supplement manufacturers are actively embracing advanced technologies to cater to the rising consumer demand for healthy nutrition. Leading companies are developing innovative supplement formulations free from synthetic additives, in response to the growing preference for natural and chemical-free options.

  • Rainbow Light has unveiled its Prenatal One Multi, a cutting-edge offering featuring a food-based multivitamin formulation designed to deliver comprehensive nourishment for both mother and baby. This innovative product is enhanced with probiotics and enzymes, ensuring easy digestion and absorption.
  • Church & Dwight Co., Inc. – manufactures the widely recognized brand, “Vitafusion,” which includes prenatal gummies formulated with essential vitamins and minerals for expectant mothers.
  • Country Life, LLC. – specializes in producing natural and organic supplements, including prenatal vitamins, designed to meet the unique nutritional needs of pregnant women.

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Future Market Insights offers an unbiased global prenatal vitamin supplement market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand opportunities in the prenatal vitamin supplement industry, the industry is segmented based on product (Confectionery Products, Pharmaceutical Products)  by sales channel (Hospital and Clinics, Over the Counter Supplements (OTC), Online) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

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Prenatal Vitamin Supplement Market – Key Segments

By Product Type:

  • Confectionery Products
    • Gummies
    • Chews
    • Others
  • Pharmaceutical Products
    • Capsule
    • Tablets/Pills
    • Soft Gels
    • Liquid

By Sales Channel:

  • Hospital and Clinics
  • Over the Counter Supplements (OTC)
    • Drug Stores and Pharmacies
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Health and wellness Stores
    • Specialty Stores
    • Departmental Stores
  • Online
    • Company Website
    • 3rd party /Mass Merchandiser

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • 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.

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Global De-Agglomerating Equipment Market Expected to Reach USD 8.1 Billion by 2032

De-Agglomerating Equipment

The size of the world market for de-agglomerating equipment is anticipated to be US$ 6.3 billion in 2022 and US$ 8.1 billion in 2032. In the quickly changing food processing business, increasing use of de-agglomerating equipment bodes well for the market.

According to FMI, the market for de-agglomerating equipment is expected to expand at a rapid rate with a CAGR of 10.7% over the forecast period (2022-2032). The market is projected to experience growth due to the growing demand to deagglomerate or delump essential materials used in food processing before they are transformed into finished or final goods.

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De-Agglomerating Equipment Market- Novel Developments

Leading players in the de-agglomerating equipment market are focusing on new product innovations and developments for sustained business growth. From conceptualization to development, companies manufacturing de-agglomerating equipment are ensuring that every step is well-aligned with the ultimate goal i.e. meeting end-user needs and requirements.

  • In 2019, Munson Machinery- a key player in the de-agglomerating equipment market- launched a new DeClumper dual dive lump breaker, namely ‘RDC-3030-SS’. This model reduces compact materials and agglomerates into the original particle sizes, is approximately 279 mm high, and can easily fit in restricted spaces in between bulk handling, storage, packaging, and processing equipment. This product has been specifically developed to withstand heavy and challenging applications and entails easy & simple maintenance.
  • In 2019, Hosokawa Micron Ltd- a leading player in the de-agglomerating equipment market- participated in the POWTECH 2019 exhibition held in Germany. The company showcased its wide-range of exclusive industry equipment and this, in turn, was aimed at boosting the brand recognition and tapping into new customer segments.

De-Agglomerating Equipment Market- Dynamics

De-Agglomerating Equipment Market- Ever-Evolving Demand from Food Processing Applications to Drive Growth

Use of de-agglomerating equipment in food processing applications is picking pace, as multiple steps in the food processing industry feature steps wherein size reduction is of utmost importance. Majority of the products or ingredients are treated with some sort of delumping or deagglomeration before they are transformed into final and finished versions.

De-agglomerating equipment is finding extensive use across multiple food manufacturing processes, such as bakery & confectionery, breakfast cereals, and others. Moreover, de-agglomerating equipment are also being used for delumping raisins in the form of a cost-saving & economic alternative to the labor-intensive & conventional manual deagglomeration. Such particulars provide substantial credence to the unabated demand for de-agglomerating equipment from food processing applications, thereby driving the growth of de-agglomerating equipment market.

De-Agglomerating Equipment Market- Surging Adoption in Chemical Manufacturing Applications to Propel Growth

De-agglomeration equipment is finding extensive use in the deagglomeration of nanoparticles and also in many other chemical manufacturing applications. Manufacturers of agricultural chemicals are adopting de-agglomeration equipment for production of herbicide, pesticides, and fungicides. In case of chemical manufacturing applications, formation of particle clusters during addition of powders into liquid solutions remains a longstanding challenge.

Apart from cluster formation, chemical manufacturers increasingly rely on deagglomeration for multiple reasons, including improvement of slurry performance, enhanced appearance, and improvement of surface area coverage. Such particulars bring importance of de-agglomeration equipment to the fore in the chemical manufacturing arena, thereby driving the de-agglomeration equipment market.

De-Agglomerating Equipment Market- Manufacturers Focus on Incorporation of Advanced Features to Exceed End User Expectations

Manufacturers in the de-agglomeration equipment market are focusing on improving their product positioning via addition of advanced features beneficial to end-users in a bid to exceed the end user expectations. Key players in the de-agglomeration equipment market are offering gentle screening & deagglomeration of raw materials, which, in turn, helps in preventing unwanted size reduction and irregular dimensions. Companies operating in the de-agglomeration equipment market are also focusing on making their products highly agile along with unparalleled ease of installation. With end users being increasingly drawn toward products that are easy-to-clean and entail minimum maintenance, manufacturers are focusing on incorporating the same in their offerings.

Analyzing customer requirements and incorporating the same in their products continues to a prominent mantra of manufacturers to attain high profitability. Manufacturers in the de-agglomeration equipment market are offering custom-based de-agglomeration equipment specifically tailored to end-user needs and specifications, with a sole objective of nourishing end-user confidence and repeat sales.

De-Agglomerating Equipment Market- Segmentation

By end use, de-agglomerating equipment market has been segmented into

  • Food Processing
  • Chemical Manufacturing
  • Pharmaceuticals
  • Others

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De-Agglomerating Equipment Market – Report Highlights:

  • A detailed overview of parent market of de-agglomerating equipment market
  • Changing de-agglomerating equipment market dynamics in the industry
  • In-depth segmentation of the de-agglomerating equipment market
  • Historical, current, and projected de-agglomerating equipment market size regarding volume and value
  • Recent industry trends and developments in de-agglomerating equipment market
  • Competitive landscape of the de-agglomerating equipment market
  • Strategies for key players operating in de-agglomerating equipment market and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth in the de-agglomerating equipment market
  • A neutral perspective on de-agglomerating equipment market performance
  • Must-have information for de-agglomerating equipment market players to sustain and enhance their market footprint

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.

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Global Gum Hydrocolloid Market Expected to Surpass USD 19.9 Billion by 2033, Growing at a CAGR of 5.2%

Gum Hydrocolloid

The gum hydrocolloid market is projected to be US$ 11,983 million in 2023. The value in 2022 was US$ 11,342 million. The forecast of the market is average as the CAGR during the period from 2023 to 2033 is 5.2%. By the end of the forecast period in 2033, the market’s valuation is tipped to have reached US$ 19,873 million.

Growing health trends are seeing a large customer base form for natural-based products. Gum hydrocolloid is emerging as a popular plant-based ingredient. The product is used in several foods, such as bakery, dairy, confectionery, and processed meats. Thus, there is a strong demand for gum hydrocolloid.

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However, the application of gum hydrocolloid is not limited to the food & beverages industry. Gum hydrocolloids are also being used in cosmetic products. Chemical cosmetic products are being rejected in favor of naturally-sourced products. Gum hydrocolloids are predicted to play a big part in cosmetic product manufacture. Similarly, gum hydrocolloids also find application in the pharmaceutical sector.

There are hindrances to the growth of the market, however. Gelling agents are regulated strictly by authorities and the pace of products getting approval is sometimes slow. Difficulties with the supply of raw materials, which can be seasonal, are a further challenge for the market.

“Through investment in Research & Development, manufacturers are improving the quality of the product. Gum hydrocolloids are already renowned for being high in fiber and low in calories but companies are looking to further increase benefits. Thus, the adoption of gum hydrocolloid as a fat substitute is gaining momentum. Companies can tap into the ever-increasing health benefits of gum hydrocolloid as an opportunity to further appeal to consumers,” says an analyst at FMI.

Key Takeaways from the Gum Hydrocolloid Market

  • The gum hydrocolloid market is anticipated to have reached a valuation of US$ 11,983 million in 2023.
  • Xanthan Gum is the most popular of the product types of gum hydrocolloids. In 2023, xanthan gum is projected to contribute to 17.90% of the market share.
  • In terms of source, the plant is the leader. Plant as a source is expected to account for 29.80% of the market share.
  • Germany has enormous potential for the market. The CAGR for Germany over the forecast period of 2023 to 2033 is an outstanding 14.0%.
  • Japan is a lucrative region in the market. The Japanese market is expected to progress at an extraordinary CAGR of 13.0% over the forecast period.
  • The market is expected to gain speed rapidly in Australia. The CAGR for Australia during the 2023 to 2033 period is tipped to be a remarkable 12.2%.

Competition Analysis of the Gum Hydrocolloid Market

The fragmented nature of the market means that while established players thrive, smaller players have scope too. The fragmented nature also ensures the market is highly competitive. Some of the prominent companies in the market are Cargill Inc., Kerry Group PLC, Archer Daniels Midland Company (ADM), and E. I. Du Pont De Nemours & Company.

Recent Developments in the Gum Hydrocolloid Market

  • In January 2023, French players Alland & Robert introduced the Syndeo Gelling product in the market. Syndeo Gelling contains a mix of gum acacia and plant-based hydrocolloids.
  • In October 2021, Ingredient Solutions, Inc. was acquired by Tilley Co. Using the acquirement, Tilley Co. stepped into the gum hydrocolloid market.
  • In September 2021, reputed player Cargill Inc. opened a plant in Brazil. The plant is focused on producing the hydrocolloid pectin.

Key Companies in the Gum Hydrocolloid Market

  • Cargill Inc.
  • Kerry Group PLC
  • Archer Daniels Midland Company (ADM)
  • E. I. Du Pont De Nemours & Company
  • Royal DSM
  • Danisco A/S

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Key Segments

By Product Type:

  • Gelatin
  • Xanthan gum
  • Carrageenan
  • Alginates
  • Agar
  • Pectin
  • Guar gum
  • Locust bean gum (LBG)
  • Gum Arabic
  • Carboxymethyl cellulose (CMC)
  • Microcrystalline cellulose (MCC)

By Source:

  • Plant
  • Microbial
  • Animal
  • Seaweed
  • Synthetic

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and 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.

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Ribbon Blenders Market Expected to Grow at 9.7% CAGR, Reaching USD 21.3 Billion by 2032 | FMI Report

Ribbon Blenders

The Ribbon Blenders market has witnessed remarkable growth in recent years, driven by the rising demand for efficient and versatile mixing solutions in various industries. These blenders are widely used in food processing, pharmaceuticals, chemicals, and cosmetics sectors due to their ability to blend powders, granules, and liquids homogeneously. The growing awareness about product quality and stringent regulations on product consistency have fueled the adoption of Ribbon Blenders.

During the projection period from 2022 to 2032, the market for ribbon blenders is expected to develop at a CAGR of 9.7%, reaching an estimated value of US$ 21.3 billion. In the coming years, sales of ribbon blenders are expected to increase because to the high demand for high-quality blenders in the food and beverage industry.

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The market for ribbon blenders will probably reach US$17.8 billion worldwide in 2022, according to a forecast by FMI. Growth is predicted to be supported by a rapid uptake of specialized equipment designs to boost overall performance and operational effectiveness.

Ribbon blenders are large, specialized blenders designed for mixing materials in bulk. As ribbon blender can mix almost any bulk solids together, it has gained increased traction as the workhorse of solids-solids blending in recent years. Although dry blending is the primary function of ribbon blenders, they are also being used for preparing pasta or flowable slurries, and are also witnessing adoption for mixing small amounts of liquids into a solid. With an ability to operate in batches as well as continuously, and with one or more mixer shafts, ribbon blenders make a viable option for blending across diverse processing industries.

Ribbon Blenders Market – Notable Developments

Some of the leading players operating in the global ribbon blenders industry are KHS GmbH, Krones AG, Bulkmatic, Marel hf., Tetra Laval International S.A., John Bean Technologies Corporation, Munson Machinery, Buhler Holding AG, Highland Equipment, GEA Group AG, Hosokawa Micron Corporation, SPX Corporation, Charles Ross & Son, Sulzer Ltd., Lee Industries, and Morton Mixers & Blenders

Notable developments in the competitive landscape of the ribbon blenders market include:

  • In 2018, GEA Group turned the Pfizer plant into a smart facility. The recent inclusion of a GEA Group’s suite of automatic, highly efficient production equipment to Pfizer’s Freiburg plant to manufacture capsules and tablets, has transformed the facility into a smart factory.
  • In 2018, a leading powder mixer manufacturer Vortex announced the launch of a new consumer-centric website that covers all the services provided by the company. The new website carries all information related to industrial powder mixers and blenders to help customers make a well-informed decision. Through this website, the company aims to expand its virtual reach to grow its product sales.
  • In 2016, a leading player in the ribbon blender market, Munson Machinery, introduced HIM124-S316 high-intensity continuous blender. Munson Machinery’s new blender provides low to high shear as desired for quick blending or homogenizing of dry solids, pastes, slurries or agglomerates when processing food, pharmaceuticals, chemicals, or any other contamination-sensitive materials.

Ribbon Blenders Market Dynamics

Burgeoning Applications of Ribbon Blenders in the F&B Industry Auguring Market Growth

With the manufacturers in the F&B industry eying at uniformly blended ingredients to appeal to rapidly altering consumer preferences, demand for ribbon blenders is growing significantly. As ribbon blenders are ideal for blending and mixing most solids as well as light pastes, and provide efficient and economical blending, they are witnessing an increased adoption.

Moreover, industrial ribbon blenders comply with high standards as well as sanitary designs and customizable features. As blending is a key process in the production of food products that need ideal mixing to produce high-quality final products, the demand for ribbon blenders has been increasing significantly in the F&B industry. This growing adoption will further provide impetus to growth in the ribbon blender market.

Competitive Market Landscape Prompting Stakeholders to Invest in Superior Fabrication of Ribbon Blenders

With industrial end-users increasingly demanding premium-quality blenders, companies have shifted their focus on high-quality fabrication of ribbon blenders. Amid the rigorous competition in ribbon blenders industry, stakeholders have adopted customized equipment designs to enhance overall operational efficiency and performance. As tailored ribbon blenders with shorter blending cycles reduce the occurrence of dead spots during operation, they are witnessing rapid adoption across industries. This growing adoption is further fueling growth in the ribbon blender market.

Upward Adoption of Used & Reconditioned Equipment to Impede OEM Growth in Ribbon Blenders Market

The growing cost of various food processing equipment has paved the way for the adoption of used and reconditioned ribbon blenders. Manufacturers in the F&B industry have been eying at cost-effective means and equipment for blending and mixing purposes. This in turn has led to a growing adoption of used and reconditioned equipment, which is limiting the growth in the ribbon blenders industry. Additionally, many food processing companies are investing in outsourcing their blending needs to contract blending services providers to accelerate overall production, while cutting overall operational costs.

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain of the global ribbon blenders market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with ribbon blenders market attractiveness as per segments. The report also maps the qualitative impact of various factors on ribbon blenders industry segments and geographies.

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Ribbon Blenders Market – Segmentation

Based on end-user:

  • Food and beverage industry
  • Chemical and petrochemical industry
  • Pharmaceutical industry

Based on types:

  • Vertical Ribbon Blenders
  • Horizontal Ribbon Mixers

By Region:

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

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 5000 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.
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T: +1-845-579-5705
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Global Piston Fillers Market Forecast to Expand at 4.1% CAGR Through 2032

The global piston fillers market is expected to grow at a CAGR of 4.1% from 2022 to 2032. This growth is driven by the rising demand for automatic filling systems in various industries to ensure product purity by eliminating contaminants.

According to a study by FMI, sales of piston fillers are forecasted to reach US$ 36.9 billion in 2022 and are expected to climb to US$ 67.3 billion by 2032. The market is likely to benefit from the rapid development of new piston filler models and advanced filling equipment to meet the increasing consumer demand.

Filling has become an integral part of the packaging industry in recent years, and thus the growing packaging industry is fueling growth in the filling equipment industry. Additionally, the rapidly advancing technology in tandem with the growing focus on process automation has changed the way filling equipment sector works. Consequently, manufacturers are increasingly developing novel filling equipment to meet the evolving consumer preferences and needs, which has further driven the applications for such equipment.

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Some of the leading players operating in the global piston fillers market are Accutek Packaging Equipment, All-Fill Inc., Technopack Corporation Ltd, Cleveland Equipment & Machinery, Raque Food Systems, Apacks, Simplex Filler Company, Busch Machinery, JBT, Filling Equipment Co. Inc., Unifiller Systems Inc, Biner-Ellison Packaging Systems, E-PAK Machinery, and Accutek Packaging Equipment Companies, Inc.

Piston filler is a widely used conventional filler with wide applications in the proliferating packaging industry. They are widely adopted for filling highly viscous and thick products, such as paste, semi paste, and chunky or for viscous chemical preparations, including epoxys, lubricant oil, waxes, grease, adhesives etc. Companies are increasingly leveraging piston fillers to comply with the stringent food grade standards, as this equipment measures a product using a reciprocating piston of a preset volume.

Piston fillers are based on a low cost, conventional technology, which is very easy to understand for most users. As this filling equipment provide fast filling rates with fairly thick products, they have been used widely in the recent years. However, the advent of servo positive displacement fillers has hit the growth in piston fillers market.

Notable developments in the competitive landscape of piston fillers market include:

In February 2019, Linxis Group, a global leader in specialized equipment acquired a Canada-based manufacturer of food portioning equipment, Unifiller Systems, for small and mid-sized bakeries. This acquisition will help Linxis Group in expanding its equipment portfolio and international footprint.

In September 2018, a leading player in piston fillers market, Accutek Packaging Equipment Companies Inc. announced its move to a new facility in San Diego County, California to expand their business. The new facility has well planned segregated sections for machining centers, automated cutting and welding, sheet metal shop, assembly, and integration.

Upward Adoption of Used & Reconditioned Equipment to Impede OEMs Growth in Piston Fillers Market

The growing cost of wide range of equipment used in packaging industry has paved way for the adoption of used and reconditioned piston fillers. Companies in packaging sector have been eying at cost-effective means and equipment for filling purposes. This in turn has led to a growing adoption of used and reconditioned filling equipment, which is limiting the growth in piston fillers market. Additionally, many packaging companies are investing in outsourcing their filling needs to contract filling services providers to accelerate overall production, while cutting overall operational costs.

Demand for Rapid Filling Equipment Fueling Adoption of Automatic Piston Fillers

Automatic filling machine has been witnessing growing traction, owing to the key feature of atomization that accelerates the entire product filling process. High speed of automatic filling equipment, such as automatic piston fillers decrease the assembly line time process significantly. Moreover, automatic piston fillers alleviate the risk of human error and contamination involved while using manual equipment. As automatic piston fillers can fill precisely and rapidly any viscous liquids, they are witnessing growing traction from packaging companies. Several industry products are benefited from automatic filling equipment such as automatic piston fillers, as they streamline the entire packaging process significantly. Such factors are likely to fuel growth in piston fillers market.

Competitive Market Landscape Prompting Filling Equipment Manufacturers to Invest in Superior Fabrication of Piston Fillers

With industrial end-users increasingly demanding premium quality filling equipment, manufacturers have shifted their focus on high-quality fabrication of piston filler. Amid the rigorous competition in piston fillers market, stakeholders are rapidly adopting customized equipment designs to enhance overall operational efficiency and performance. As tailored piston fillers provide desired volumetric fill, they are witnessing rapid adoption across industries. This growing adoption is further fueling growth in piston fillers market.

Piston Fillers Associated Usage & Cleaning Constraints Impeding Market Growth

High leakage risk associated with piston fillers makes this equipment inappropriate for filling thin products. Furthermore, as piston fillers aren’t easy to clean, companies often become reluctant to invest in such a time consuming equipment. Additionally, the advent of servo positive displacement fillers has the potential to make piston filler equipment obsolete in near future.

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Piston Fillers Market – Segmentation

Based on process type, the global piston fillers market is segmented into

Manual
Semi-automatic
Automatic

Based on form, the global piston fillers market is segmented into

Powder
Liquid
Solid
Semi solid

Based on product type, the global piston fillers market is segmented into

Check Valve
Rotary Valve

Based on design, the global piston fillers market is segmented into

Single head
Multi head

Based on application, the global piston fillers market is segmented into

Food and Beverages
Cosmetics
Pharmaceutical

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.

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Food Grade Ammonium Carbonate Market Growth: Forecast to Achieve USD 796.3 Million by 2032

Food Grade Ammonium Carbonate

As per FMI, sales of food grade ammonium carbonate are projected to reach US$ 796.3 Million in 2032 and exhibit growth at a CAGR of 11.4% in the forecast period from 2022 to 2032. Surging usage of food-grade ammonium carbonate in the bakery and confectionery industry worldwide is set to push growth. Food-grade ammonium carbonate is also known as Baker’s Ammonia or hartshorn salt. Ammonium carbonate is a leavening ingredient that is widely used in various old-fashioned recipes as it instantly degrades to carbon dioxide and gaseous ammonia upon heating.

Consequently, the salt witnesses a range of applications as a leavening agent as well as a smelling salt in the food industry. The increasing adoption of food-grade ammonium carbonate in the bakery sector can be attributed to its ability to make extra-crisp crackers or cookies.

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Unlike baking soda or powder, food-grade ammonium carbonate does not leave behind any alkaline off-flavor in final baked goods. However, the use of food-grade ammonium carbonate is limited to small goods only, as the ammonia gas fails to evaporate from cakes or other large items.

Some of the leading players operating in food grade ammonium carbonate market are ECSA Chemicals, Thermo Fisher Scientific, Avantor, BASF, Sandvik Materials Technology, TCC, AMRESCO, and Honeywell. Amid the growing competition in the good grade ammonium carbonate market, manufacturers are increasingly focusing on expanding their business through strategic partnerships.

Unique Benefits of Food Grade Ammonium Carbonate as Leavening Agent Fueling Market Growth

With the demand for well baked, and crisp goods with extended shelf life growing at a fast pace, manufacturers in the baking industry are increasingly adopting food-grade ammonium carbonate as a leavening agent. This growing adoption of food grade ammonium carbonate can be attributed to the various unique advantages of baking ammonia over other chemical leavening agents for baking some specific kinds of cookies.

As baking ammonia increases the pH level in cookies, it weakens the gluten in the final goods. Food grade ammonium carbonate when used as a leavening agent, it creates a finished product that has more spread and tenderness while forming coarser, more-open crumb that instantly dries to a crisp.

Food Grade Ammonium Carbonate Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Food Grade Ammonium Carbonate market. Competitive information detailed in the Food Grade Ammonium Carbonate market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Food Grade Ammonium Carbonate market report.

Important Questions Answered in the Food Grade Ammonium Carbonate Market Report

  • Which end user remains the top revenue contributor in different regional markets?
  • At what rate has the global Food Grade Ammonium Carbonate market been expanding during the forecast period?
  • How will the global Food Grade Ammonium Carbonate market look like by the end of the forecast period?
  • What innovative strategies are adopted by Food Grade Ammonium Carbonate market players to stay ahead of the pack?
  • What are the restraints affecting the growth of the global Food Grade Ammonium Carbonate market?

Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Food Grade Ammonium Carbonate market.

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Food Grade Ammonium Carbonate Market: Segmentation

Based on forms, the food grade ammonium carbonate market is segmented into:

  • Lumps
  • Powder

Based on applications, the food grade ammonium carbonate market is segmented into:

  • Crackers
  • Biscotti
  • Dry cookies.

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
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Global Pet Food Ingredients Market Driven by Rising Pet Ownership and Demand for Premium Products

Pet Food Ingredients Market
Pet Food Ingredients Market

The global market for pet food ingredients value isestimated to be worth USD 44,267.8 million by 2024. It is projected to reach USD 71,423.8 million by 2034, reflecting a CAGR of 4.9% over the assessment period 2024 to 2034. Key drivers fueling this expansion include the increasing adoption of pets worldwide and a rising demand for high-quality pet food products.

The surge in pet ownership, particularly among millennials, senior citizens, and single-member households, is a primary catalyst driving the pet food ingredients industry. This trend is influencing the demand for both essential and luxury pet products, including treats, toys, and specialized food items.

Manufacturers are responding to consumer preferences by introducing a diverse range of products that emphasize organic and natural ingredients. Products free from synthetic hormones, antibiotics, harmful pesticides, artificial colors, preservatives, or flavors are gaining popularity. Notably, brands like Kroger are meeting this demand with offerings such as vegetarian and high-protein pet diets that are entirely natural.

Regulatory Considerations

The use of preservatives in pet food, such as parabens, is regulated by agencies like the USA Food and Drug Administration (FDA). Concerns have arisen regarding the potential health impacts of these substances, particularly their effects on the reproductive, nervous, and developmental systems of animals. As a result, there is growing awareness among consumers about the presence of endocrine-disrupting chemicals (EDCs) and heavy metals in pet food, which may impact sales of products containing such ingredients.

Innovations and Trends

Research and development efforts in pet food ingredients are focusing on enhancing product safety and efficacy. Consumers are increasingly seeking pet food products that offer convenience without compromising on quality. Innovations in packaging and formulation are driving the development of appealing products that meet these criteria.

Challenges and Opportunities

Despite the positive growth trajectory, challenges such as regulatory scrutiny and consumer awareness about ingredient safety remain. Manufacturers are navigating these challenges by investing in research to develop safer and more effective pet food ingredients.

“Over time, dog adoption has considerably escalated, especially in industrialized and developing countries. Need for pet food is predicted to surge quickly, which would benefit the market for pet food ingredients. Another element driving the market is increasing demand for premium dog food, which is supported by high maintenance costs,” says a lead analyst at Future Market Insights.

Competition Outlook

The pet food ingredients market is highly competitive, with major players such as ADM Animal Nutrition, Cargill, DSM Nutritional Products, DuPont Nutrition & Biosciences, Evonik Industries, Kerry Group, Ingredion Incorporated, Kemin Industries, Alltech, Darling Ingredients, Balchem Corporation, and Lallemand Animal Nutrition who are making significant investments in research and development to incorporate innovative plat-based products.

These companies are focused on creating innovative and sustainable food concepts to address the consumer’s demand in the market. They are also committed to efficiently manufacturing foods that improve immune health and other health concerns of pet animals through a sustainable solution. To expand their sales, manufacturers are implementing various strategies, including vertical and strategic acquisitions.

For instance

  • In 2024, Nestle announced its investment in the “Ocean 14 Capital Fund I”, which aligns with their goals to achieve sustainability in sourcing of ingredient for pet food production. Its Purina PetCare brand, is also working to ensure use of 100% organic ingredients sourced from the sea, and has also taken an initiative for regenerative agriculture for production of bio stimulants utilising seaweed as the key ingredient.
  • In 2024, Mars Incorporated, which is global leader in pet care products and service announced partnerships with large companies, such as, ADM, to work and support sustainable regenerative agriculture especially across North America. The main aim was to achieve benefits such as higher yields, lower greenhouse gas emissions, reduced carbon sequestration, and greater biodiversity.

Leading Brands

  • Danone SA
  • Nestle SA
  • Yakult Honsha Co., Ltd.
  • ADM
  • Kerry Group
  • Cargill Inc.
  • DuPont Nutrition and BioSciences
  • DSM
  • Chr Hansen Holding A/S
  • Ingredion Inc.
  • Sabinsa Corporation
  • BASF
  • Lonza
  • BioGaia
  • Lallemand Inc.
  • Tate and Lyle
  • Glanbia Nutritionals
  • Symbiotec
  • Amway Corporation
  • Bio-Thera Solutions Ltd.
  • Stratum Nutrition
  • Others

Pet Food Ingredients Market Outlook by Category

By Ingredient Type:

  • Starches
    • Maize/Corn
    • Tapioca
    • Potato
    • Wheat
    • Rice
    • Whole Grains
    • Fruits and Vegetables
    • Seeds and Legumes
  • Dietary Fiber
    • Wheat
    • Rice
    • Bran
    • Potato
    • Legumes
    • Oats
    • Inulin
    • Nuts and Chicory Root
  • Fruit Ingredients
    • Apple
    • Cranberry
    • Blueberry
    • Other Fruit Ingredients
  • Protein
    • Sugar
    • Fructo-Oligosaccharides
    • Manna-oligosaccharide
    • Sorbitol
    • Propylene Glycol
    • Glycerol

By Animal Type:

  • Dogs
  • Cats
  • Birds
  • Others

By Nature:

  • Organic Pet Food Ingredients
  • Conventional Pet Food Ingredients

By Product Type:

  • Wet Food
  • Dry Food
  • Treats and Chews
  • Other Product Types (Frozen Food, Raw Food)

By Distribution Channel:

  • Online
  • Offline

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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 5000 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
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Aircraft Generators Market to Reach USD 12.98 Billion by 2033 with CAGR 7.5%

FMI-Automotive-Aircraft Generators Market
MRB-Automotive-Aircraft Generators Market

The Aircraft Generators Market was worth USD 5.83 Billion. The market is estimated to propel from USD 6.30 Billion in 2023 to USD 12.98 Billion by 2033. The market for aircraft generators is anticipated to develop at a CAGR of 7.5% over this projection timeframe.

An airplane’s electrical power is assisted by aircraft generators. Aircraft generators provide various benefits over aircraft alternators. Preference for aircraft generators is growing since these are less susceptible to rogue electrical spikes or reversed polarity. These generators can still generate electricity even after the battery is dead.

The significant driver of the market expansion is the rising demand for electric aircraft for commercial aviation. Additionally, there is more cooperation between aircraft and electrical producers to invest in electric power systems. The expansion of the aircraft generators market is anticipated to benefit from such cooperative initiatives’ attractive market potential.

The market is being driven by factors like passenger-related applications, which include urban air mobility and rural passenger accessibility enabling distant area travel. Additionally, accessibility for business travel and extensive commercial air service drive market development during the forecast period.

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Regarding technical improvements in aircraft models, the aviation sector is now undergoing significant changes. The power generation systems utilized in airplanes have improved as a result of this. The aviation sector is likely to see more electric and hybrid-electric aircraft in the future, and their adoption rate is likely to rise dramatically.

Electrical solutions reduce issues with conventional aviation systems including expense, heating, fluid, and contamination. Since electrical systems have more efficient motors and a lower chance of component breakage, they are up to 80% more efficient than hydraulic actuators.

The market for aircraft generators is most likely to be dominated by North America. The expansion of the market is being facilitated by the existence of several businesses pushing the electrification of the aviation industry. Since the countries are expanding national aircraft production, the Asia Pacific region is experiencing the fastest increase.

KEY TAKEAWAYS

  • The US aircraft generators market is estimated to possess a market share of 18.3%. 
  • The Japanese aircraft generators market is expected to secure a market share of 5.8%
  • Over the forecast period, the German aircraft generators market is expected to have a market share of 5.1%.
  • The UK market for aircraft generators is likely to expand at a CAGR of 3.1%.
  • The Chinese aircraft generators market is likely to rise at a CAGR of 4.4% over the forecast period.
  • Over the forecast period, the fixed wing segment is projected to dominate the market holding a market share of 68.6%.

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COMPETITIVE LANDSCAPE

Major companies in the aircraft generators market include Honeywell Aerospace Safran, Thales Group, Collins Aerospace, General Electric, Ametek, Inc., Diehl Aviation, Meggitt plc, Rolls-Royce Holdings plc, Calnetix Technologies, Unison Industries, Pbs Aerospace, Astronics Corporation, Aerospace Electrical Systems, Arc Systems, Inc., Skurka Aerospace, Inc., Sinfonia Technology Co. Ltd., Epropelled, Duryea Technologies, Plane-Power and others.

Businesses in the aviation generator sector are aiming to enhance their present products in addition to creating new technologies for aircraft generators. To increase their influence and maintain their dominance, some market competitors are creating strategic partnerships with one another. They are also keeping positive ties with aircraft manufacturers, particularly with those that make electric aircraft, to increase their entry into lucrative sectors.

Aircraft Generators Market Segmentation

By Aircraft Type:

  • Fixed Wing
  • Rotary Wing

By Current Type:

  • AC
  • DC

By End-use:

  • OEM
  • Aftermarket

By Product Type:

  • Variable Speed Constant Frequency
  • Auxiliary Power Unit
  • Integrated Drive Generator
  • Starter Generator
  • By Aircraft Technology
  • Conventional Aircraft
  • Hybrid Electric Aircraft

By Power Rating:

  • Less Than 100 KW
  • 100-500 KW
  • More Than 500 KW

By Region:

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

RECENT DEVELOPMENTS

  • In June 2022, Diehl Aviation created its own generator for emergency oxygen delivery on board passenger aircraft. The top manufacturer of cabin interiors and aircraft systems made its official debut with the Universal Oxygen Generator at the Aircraft Interiors Expo (AIX) in Hamburg.
  • In May 2022, Using its 1-megawatt generating system, Honeywell successfully finished the first phase of testing. It’s a brand-new kind of energy made specifically for use by hybrid-electric aircraft. The first electric machine of its kind in the industry that can operate as a 1-megawatt motor without changes in this system, which is also aerospace-grade.

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
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The EV Transmission System Market Sees USD 53,342.8 Million Sales by 2034

FMI-Automotive-Electric Transmission System
MRB-Automotive-Electric Transmission System

The global EV Transmission System Industry, valued at USD 5157.3 Million in 2019, rose at a CAGR of 11.3% from 2019 to 2023. The market reached a value of USD 8799.9 Million by 2023. The market is expected to reach a value of USD 10366.2 Million in 2024 and USD 53342.8 Million by 2034.

The industry’s growth is driven by environmental concerns, government initiatives, and the increasing popularity of single-speed transmissions. Technological advancements and emerging economies are also pushing the market, with Asia emerging as the dominant sector due to its extensive production base and government support.

India is expected to dominate the EV transmission system sector from 2024 to 2034, with a CAGR of 26.5%China is the global leader, with a CAGR of 19.9%. Spain’s industry is expected to rise by 13.4%. Battery electric vehicles will likely hold a 44.4% value share in 2024.

As autonomous driving technologies become more prevalent, transmission systems are projected to need intelligent interfaces. Technological advancements are driving the expansion of the electric vehicle transmission system market, with strategic partnerships between automakers and suppliers enhancing efficiency, weight reduction, and system performance to meet evolving vehicle requirements.

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Key Takeaways from the Market Report

  • The EV transmission system market is set to reach USD 53342.8 Million by 2034 with a CAGR of 17.8%.
  • By vehicle type, battery electric vehicles are leading the market with a value share of 44.4% in 2024.
  • Based on transmission type, the single-speed transmission segment will likely account for a value share of 67.4% in 2024.
  • India is estimated to record a CAGR of 26.5% between 2024 and 2034.
  • China will likely remain dominant and expand at a CAGR of 19.9% by 2034.

Asia Pacific is emerging as the dominant region for the electric automotive industry. Leading countries are anticipated to significantly contribute to the growth of the market in the coming decade,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Who’s Winning?

The EV transmission system industry is poised for steady growth, leading to surging competition among manufacturers. Key players, such as Allison Transmission Inc., Aisin Seiki Co., Ltd., AVL List GmbH, and Continental AG, will need to prioritize lightweight and affordable batteries to meet the evolving requirements of consumers.

The EV transmission system market is growing due to surging global sales. However, it is fragmented, thereby creating opportunities for new entrants. The race for superior transmissions is ongoing, leading to advancements in materials and designs. Manufacturers aim to extend EV range with minimal power loss. Balancing performance, affordability, and efficiency is also crucial. Market consolidation is expected with technology advancements.

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Industry Updates

  • Hyundai and Kia, in November 2023, unveiled the novel EV drivetrain system called the “Uni Wheel,” which can be used on the wheel.
  • Toyota, headquartered in the city of Toyota, in December 2023, announced the launch of a stimulated manual EV transmission featuring up to 14 gears.

Get More Insights into the EV Transmission System Market Research Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the EV transmission system market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the industry potential, growth, and scope, the industry is segmented based on vehicle type (battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles), transmission type (single speed and multi-speed), transmission system (AMT transmission, CVT transmission, AT transmission, and others), and regions.

Key Segments of Market Report

By Vehicle Type:

By vehicle type, the industry is divided into battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles.

By Transmission Type:

Based on transmission type, the industry is segmented into single-speed and multi-speed.

By Transmission System:

By transmission system, the industry is divided into AMT transmission, CVT transmission, AT transmission, and others.

By Region:

By region, the EV transmission system industry is spread across North America, Latin America, Western Europe, Eastern Europe, the Middle East and Africa, South Asia, and East Asia.

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
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