Market Research Blog – Page 3125 – New Product Development

Navigating Success: Executive Coaching Certification Market Set to Flourish with a 10.8% CAGR from 2024 to 2034

The executive coaching certification market had an estimated market size of US$ 10,299.6 million in 2023 and is expected to reach a global market size of US$ 31,939.2 million by 2034, increasing at a CAGR of 10.8% between 2024 and 2034. By 2024, the market for executive coaching certification is likely to reach a valuation of US$ 11,453.2 million.

The growing emphasis that firms are placing on succession planning is another factor propelling the market for executive coaching certifications. Businesses engage in executive coaching to find and develop talent, facilitating a seamless transition of leadership roles and maintaining organizational continuity as they work to build the next generation of leaders.

Catering to the growing need for customized coaching programs presents an opportunity in the worldwide executive coaching certification market. These programs are aimed at resolving emerging leadership difficulties in rapidly expanding industries such as technology, sustainability, and remote work settings. Professionals looking for specialized training and knowledge in a particular sector might be drawn to certification programs that concentrate on these specialty areas, increasing the market’s relevance and reach.

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Key Takeaways from the Market Analysis

The global demand for executive coaching certification reached US$ 6,162.8 million in 2019.
Over the course of the forecast period, the executive coaching certification market in the United States will likely expand at a 7.8% CAGR.
Through 2034, the executive coaching certification market in the United Kingdom is anticipated to expand at a CAGR of 11.2%.
Executive coaching certification is estimated to be highly preferred by individual or private learners, with a projected market share of 68.4% by 2024.
It is projected that executive coaching certification would be preferred by business owners and will account for 37.8% of the market by 2024.

“The increased demand for leadership development programs, which is driven by the need for innovative, adaptable leaders who can manage challenging corporate situations, is driving the market for executive coaching certification,” says Sneha Verghese, Senior Consultant for Consumer Goods and Products at Future Market Insights

Competitive Landscape

Key participants in the global executive coaching certification market are focusing on improving accreditation standards, developing specialized programs, and incorporating technology to make learning more accessible. They work with renowned coaches and specialists to provide extensive programs that address organizational dynamics, emotional intelligence, and leadership.

Prioritizing research-driven innovation in coaching approaches and forming large networks through alliances with academic institutions, businesses, and professional groups are both important. Their strategic strategy is around keeping a culture of excellence while making adjustments for new trends.

The development of practical skills, real-world application, and adaptable learning pathways are prioritized by new educational establishments. Industry relationships, chances for experiential learning, and individualized support systems are given top priority in order to guarantee that graduates are prepared for dynamic work situations. Their instructional techniques are driven by flexibility, relevance, and innovation.

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Key Companies Profiled:

HEC Paris Business School
Kellog School of Management Northwestern University
IMD-International Institute of Management Development
MIT Management Executive Education
UC Berkeley Executive Education
Northwestern ELOC
Stanford School of Business
Harvard University
Symboisis Coaching Academy
INSEAD

Key Offerings

The Black Leaders Program at Stanford Graduate School of Business is designed for Black business leaders and executives who want to develop their Black leadership careers. Race and power, leadership, negotiations, connections, interaction, and networking are the main topics of the week-long curriculum. The in-person training offers a forum for talking about Black identity in the workplace and obstacles to leadership.
Kellogg’s year-long Women’s Senior Leadership Program for top female executives consists of four three-day courses that cover decision making, negotiating skills, ethical problems, and external management. The curriculum at Northwestern University’s Kellogg School of Management is highlighted by a 360-degree examination that offers unbiased feedback on a leader’s style, untainted by bias from within the business.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global executive coaching certification market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the global executive coaching certification market, the market is segmented on the basis of learners (group/ small team learners, individual/ private learners), program participants (business-owners, junior/ entry-level employees, managers, mid-level employees, senior executives), mode of learning (online learning, in-person learning), duration (less than 1 week, 1 week to 1 month, more than 1 month), type of courses (management & leadership, finance & accounting, strategic leadership & innovation, marketing & sales, business operations & entrepreneurship, others) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East & Africa).

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Key Segments Profiled in the Executive Coaching Certification Market:

By Learners:

Group/ Small Team Learners
Individual/ Private Learners

By Program Participants:

Business-Owners
Junior/ Entry-level Employees
Managers
Mid-level Employees
Senior Executives

By Mode of Learning:

Online Learning
In-Person Learning

By Duration:

Less than 1 Week
1 Week to 1 Month
More than 1 Month

By Type of Courses:

Management & Leadership
Finance & Accounting
Strategic Leadership & Innovation
Marketing & Sales
Business Operations & Entrepreneurship
Others

By Region:

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

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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:

Nandini Singh Sawlani

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Exploring the Growth Trajectory: Handheld Marijuana Vaporizer Market Expected to Surge with a 21.5% CAGR from 2024 to 2034

The handheld marijuana vaporizer market is anticipated to reach a valuation of US$ 6,669.9 million in 2024. The industry is projected to be worth US$ 46,593.6 million by 2034, rising at a CAGR of 21.5% between 2024 and 2034. The increasing global trend toward cannabis legalization has created a conducive environment for market expansion.

This, coupled with a rising acceptance of cannabis for both medicinal and recreational purposes, boosts the demand for handheld vaporizers.

Technological advancements, particularly in battery life and vaporization efficiency, contribute to the industry’s allure, providing consumers with more efficient and user-friendly devices. The discreet and portable nature of handheld vaporizers, offering on-the-go convenience, further fuels their popularity, making them a preferred choice for cannabis enthusiasts.

Lingering skepticism and misconceptions surrounding cannabis consumption persist, acting as a barrier to widespread adoption. Furthermore, the industry contends with the challenge of competition from traditional smoking methods, especially in regions with deeply ingrained cultural preferences for smoking marijuana.

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Amidst challenges, the handheld marijuana vaporizer industry offers compelling growth opportunities. The growing interest in wellness and the preference for discreet and odorless cannabis consumption align with the strengths of handheld vaporizers. One notable trend is the rising popularity of customizable and smart features integrated into handheld vaporizers.

Another emerging trend is the shift towards eco-friendly and sustainable materials in vaporizer design, reflecting the industry’s responsiveness to growing environmental consciousness. Additionally, the market is experiencing an influx of compact, stylish designs, catering to consumer preferences for aesthetically pleasing and discreet devices. These trends underscore the industry’s commitment to innovation and adaptation to ever-evolving consumer demands.

“The expanding legalization of cannabis, both for medical and recreational purposes, opens new doors for market entry. With an increasing awareness of the potential health benefits of vaporizing over smoking, there exists a vast untapped consumer base seeking alternative consumption methods.” says Sneha Verghese, Senior Consultant for Consumer Goods and Products at Future Market Insights

Key Takeaways from the Handheld Marijuana Vaporizer Market

The portable handheld segment is set to capture a significant 84.2% share of the handheld marijuana vaporizer industry in 2024.
The micro USB charger is estimated to dominate with a 61.5% market share in 2024.
The United States handheld marijuana vaporizer industry is projected to experience a CAGR of 23.1% through 2034.
Germany’s handheld marijuana vaporizer market is expected to demonstrate a rapid CAGR of 19.7% through 2034.
The United Kingdom’s handheld marijuana vaporizer industry is anticipated to see a CAGR of 23.3% through 2034.
The handheld marijuana vaporizer industry in India showcases a moderate CAGR of 5.3% through 2034.
The handheld marijuana vaporizer market in China is expected to display a modest CAGR of 1.9% through 2034.

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Competitive Landscape

Key players engage in a continuous innovation race, striving to differentiate their products through technological advancements. The integration of cutting-edge features, such as precision temperature controls, customizable dosages, and smart functionalities, becomes a strategic imperative to capture consumer attention in this market.

Establishing a distinct brand identity is critical in this competitive landscape. Companies deploy sophisticated marketing strategies to differentiate their handheld vaporizers, emphasizing unique selling propositions, lifestyle branding, and endorsements. Building strong brand equity becomes pivotal in shaping consumer perceptions and fostering brand loyalty.

The ability to offer a diverse range of handheld vaporizers tailored to different consumer preferences is a key competitive advantage. Companies strategically diversify their product portfolios, catering to varying needs in terms of size, features, and price points. Customization options, such as sleek designs and personalized vaping experiences, further contribute to market competitiveness.

Key Companies in the Market

PAX Labs
Storz & Bickel
DaVinci
Grenco Science
Firefly
Arizer
Ghost Vapes
Dynavap

Recent Developments in the Handheld Marijuana Vaporizer Market

PAX Labs released a new color selection for the PAX 3 vaporizer in June 2021, which works with dry herbs and concentrates. The gadget has a stylish appearance, haptic feedback, and Bluetooth functionality. The PAX 3 also has four temperature settings, a ten-year guarantee, and a smartphone app for personalization.
In December 2023, Storz & Bickel collaborated with Canopy Growth, a multinational cannabis corporation, to offer their portable marijuana vaporizers in Canada. Storz & Bickel gained access to Canopy Growth’s retail shops, internet platforms, and medicinal cannabis patients via the relationship. The collaboration also expanded Canopy Growth’s selection of high-quality consumer vaporizers.

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Key Segments

By Product:

Convection Vaporizers
Conduction Vaporizers

By Charger:

USB
Micro USB

By Temperature Control:

Fixed
Variable

By Sales Channel:

Online
Offline

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa

Author

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Unlocking Opportunity: The Rise of Furniture Rental Services in Today’s Dynamic Business Landscape

In the dynamic landscape of modern business, adaptability is key. As companies evolve to meet the ever-changing needs of consumers, one industry stands out as a beacon of innovation and convenience: Furniture Rental Services. In the United States and around the globe, this sector is experiencing a surge in demand, fueled by shifting demographics, changing lifestyles, and the rise of the sharing economy.

Buckle up for the ride as the furniture rental industry in the United States gears up for an exhilarating journey. With a staggering Compound Annual Growth Rate (CAGR) of 9.3% expected from 2023 to 2033, this sector is poised for remarkable expansion. By the year 2033, the United States furniture rental service market is anticipated to reach a whopping revenue of approximately US$ 33.4 billion.

Diverse and Dynamic:

The United States market for furniture rental services caters to a broad spectrum of consumers. From individuals seeking temporary furnishings to businesses in need of flexible office setups, from event planners arranging unforgettable occasions to real estate staging companies transforming spaces, the demand is vibrant and varied.

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Future Growth Prospects:

The future looks bright for the furniture rental industry. Market analysts project sustained growth driven by factors such as urbanization, globalization, and the growing popularity of remote work. As more people embrace the nomadic lifestyle, the demand for temporary furnishings will only continue to rise. Additionally, advancements in technology, such as virtual staging and augmented reality, are enhancing the rental experience, further fueling industry expansion.

Going Global:

Let’s dive into the exciting realm of furniture rental services, where the numbers tell a story of remarkable growth and boundless opportunities. In 2022, the global furniture rental service market surged to a substantial size of US$ 72.5 billion. Fast forward to 2023, and the revenue from furniture rental services sales is projected to hit US$ 80.1 billion, marking a significant leap forward.

Looking ahead, the trajectory is nothing short of impressive. Sales in this sector are expected to maintain a robust growth rate, with a Compound Annual Growth Rate (CAGR) of 9.0% forecasted between 2023 and 2033. By the year 2033, the demand for furniture rental services is estimated to soar, reaching a staggering US$ 190 billion.

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Unlocking Business Growth: Exploring the Thriving Landscape of Furniture Rental in the United States

In the dynamic realm of business, adaptability is key. Nowhere is this truer than in the ever-evolving world of furniture rental. The United States is witnessing a seismic shift in consumer behavior, with an increasing preference for rental over ownership. Let’s delve into the burgeoning trends, surging demand, and promising future growth prospects that characterize the furniture rental industry.

The furniture rental market in North America is expected to experience significant growth in the coming years, building upon its substantial global share of around 35.2% in 2022. This growth can be attributed to the increasing preference for rented furniture and the presence of major players in the region. The rise of the shared economy and the emphasis on flexibility are also contributing factors driving market development.

Younger generations, who value independence, flexibility, and convenience, are increasingly favoring rented furniture. This trend is expected to further fuel market growth in the region. Overall, North America presents a promising landscape for the furniture rental market, with ample opportunities for expansion and innovation.

Trending Upwards: Industry Insights

The furniture rental industry in the United States is experiencing a meteoric rise, fueled by several factors. Millennials and Gen Z, known for their penchant for experiences over possessions, are leading the charge towards the sharing economy. This demographic shift, coupled with an increasing emphasis on sustainability, has propelled the popularity of furniture rental services.

Moreover, the rise of remote work arrangements and the transient nature of modern lifestyles have further bolstered the demand for flexible furnishing solutions. Whether it’s temporary housing for professionals or furnished apartments for urban dwellers, furniture rental offers the perfect blend of convenience and cost-effectiveness.

Embracing Opportunity: Unlocking Business Growth

For entrepreneurs and investors seeking to capitalize on emerging trends, the furniture rental industry presents a golden opportunity. By staying abreast of consumer preferences, harnessing technological advancements, and fostering strategic collaborations, businesses can position themselves for unprecedented growth and success in this burgeoning market.

Globally, furniture rental market is poised for remarkable growth between 2023 and 2033, as indicated by a recent research report from FMI. Starting with an estimated value of over US$ 55.75 billion in 2023, the market is expected to more than double, reaching a staggering valuation of US$ 110.69 billion by 2033. This growth trajectory translates to a notable Compound Annual Growth Rate (CAGR) of 7.1% throughout the forecast period.

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Meeting the Demand: Future Growth Prospects

Looking ahead, the outlook for the furniture rental industry in the United States is exceptionally promising. With forecasts predicting sustained economic growth and an influx of renters in urban centers, the demand for rental furniture is expected to soar. Furthermore, advancements in technology, such as virtual staging and augmented reality, are revolutionizing the rental experience, enhancing customer satisfaction, and driving growth.

In addition to domestic expansion, the furniture rental sector is poised for global outreach. As emerging markets embrace the sharing economy model, opportunities for expansion into international territories abound. By leveraging strategic partnerships and innovative marketing strategies, furniture rental companies can tap into new markets and capitalize on the growing demand for flexible furnishing solutions worldwide.

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About Future Market Insights (FMI)

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Paint Cans Manufacturers are Ready to Brush the Market Strokes with Fresh Strategies, Resulting in a CAGR of 4.1% by 2033

The paint cans market is predicted to be worth US$ 5,117.84 billion in 2023, and rise to US$ 7,680.93 billion by 2033. Initially, the global market was expanding at a CAGR of 3.1% during 2018 to 2022.

The need for paint cans to improve the aesthetic appeal of buildings has been fueled by the accessibility of a broad variety of external paints. Due to this, packaging products became widely used globally, increasing the market share.

The use of cationic electrocoating chemicals in high-tech paints, which cover all the nooks and crannies of multifarious metal parts and prevent corrosion, is on the rise. This makes the manufacturers consider the technological aspects of the market.

Transport-friendly paint cans are even more necessary due to the increased demand for them from eCommerce portals. Paint cans sales are projected to increase as a result of how much easier they are to transport than their alternatives.

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Due to the industry’s expansion, there is now a great demand for paint cans in several fields, including residential and commercial buildings. Furthermore, these items gain traction as a result of market-driving applications like wood, coils, automotive & transportation, and industrial metals.

Key Takeaways

By 2033, the United States is expected to show high potential in the paint cans market, with a size of US$ 2,284.01 billion and a CAGR of 2.2%.
The paint cans market was significantly expanding, with a size of US$ 4,911.79 billion in 2022.
Market shows amazing opportunities due to multiple applications, and expects an Y-o-Y growth rate of 4.2% in 2023.
The expansion in China is anticipated to expand at an adequate CAGR of 5.3% by 2033.
By 2033, Germany is likely to expand in the paint cans market, with a size of US$ 905.78 billion.
By 2033, the paint cans sector is likely to increase in India, with a size of US$ 2,275.26
The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 2.7% by 2033.
Based on the product type, the metal cans expect a CAGR of 4.8% by 2033.
Based on material type, metal continues to dominate the sector during the forecast period, with a CAGR of 4.9%.
Based on the capacity, the 1001 to 2000 ml continues to dominate the sector during the forecast period, with a CAGR of 4.2%

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Key Strategies in the Industry

To preserve product quality and increase their regional presence, the multinational firms have integrated their raw material production and sales activities. As a result, firms gain a cost advantage that boosts profit margins and offers them a competitive edge.

Some paint manufacturers may increase demand by including small paint cans in their product lineups. Corporations are also placing a greater emphasis on their research and development activities, in order to stay competitive and meet the evolving demands of end users.

Recent Developments

● Mauser Packaging Solutions purchased Global Tank Srl in April 2021 to broaden its selection of industrial packaging goods and services in the Italian market.

● To create and improve practical technology for paint cans, Crown Holdings collaborates closely with paint can manufacturers.

Key Segment

By Product Type:

Metal Cans
Plastic Cans
Hybrid Cans

By Material Type:

Plastic
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
Metal
- Tin
- Steel

By Capacity:

1000 ml and below
1001 – 2000 ml
2001 – 3000 ml
3001 – 4000 ml
4001 ml and above

By Region:

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

About Future Market Insights Inc. (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:

Nandini Singh Sawlani

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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Innovative Technology for Ultimate Protection: UV Stabilized Films Take the Center Stage; the Market is Expected to Reach US$ 56.54 billion by 2033

Expanding at a CAGR of 5.1% from 2023 to 2033, the global UV stabilized films market is set to rise from a valuation of US$ 34.38 billion in 2023 to US$ 56.54 billion by the end of 2033.

Packaging film used to protect the product from harmful UV rays is referred to as UV stabilized films. The method aids in maximizing the quantity of light that enters that space and minimizing other damaging environmental factors that could have an impact on product development. For the proprietors, these are seen as a lifeline.

Growing investments in the agricultural sector, an increase in packaged food consumption, shifting packaging trends and technologies, and rising awareness of the negative effects of UV radiation, are a few of the key factors driving UV stabilized film consumption globally.

As the usage of greenhouse farming spreads, the industry is expected to have significant development prospects. These films are commonly used in greenhouse farming to manage the temperature and shield crops from UV radiation. The adoption of greenhouse farming techniques is expected to cause a main increase in the need for UV stabilized films.

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Urban farming and vertical farming are becoming more and more popular. UV-stabilized sheets are frequently used to construct sheds and shelters for gardens and outdoor areas. This element, together with developments in the agricultural industry, has accelerated market expansion.

The market is expanding as a result of the rising demand for sustainable and ecologically friendly packaging materials. These films are frequently used in the packaging of cosmetics, pharmaceuticals, food, and drinks to protect items from environmental threats like UV radiation, moisture, and oxygen.

Another element driving the market’s evolution is technology, which has led to the creation of new UV-stabilized film compounds that have enhanced function and endurance. As producers engage heavily in research and development to create films that can survive even the worst climatic conditions, the range of uses for these products is increasing.

By the end of 2033, East Asia is projected to hold about one-third share of the global UV stabilized films market in terms of market value, and it is predicted that it could continue to hold this position throughout the forecast period. In the East Asia UV stabilized films market, China is one of the key producers of UV-stabilized films. In order to meet the rising demand for UV stabilized films on the global market, key industry competitors are boosting their production. Throughout the forecast period, it is predicted that the South Asian market could rise significantly.

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KEY TAKEAWAYS

The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 1.9% through 2033.
The United States is expected to develop at a 3.8% CAGR during the forecast period.
With a CAGR of 5.2% over the forecast period, Canada is predicted to develop promptly in the market.
In China, the market is expected to proliferate, registering a CAGR of 8.1% over the forecast period.
Germany is estimated to grow decently registering a CAGR of 2.7% until 2033.
In India, the market is likely to flourish at a CAGR of 7.9% during the forecast period.
With a CAGR of 4.0%, the market in India is likely to expand significantly until 2033.

COMPETITIVE LANDSCAPE

Key players in the UV stabilized films market are Uflex Ltd., Mitsubishi Polyester Film Inc., DuPont Teijin Films U.S. Limited, Polyplex Corporation Ltd., Toyobo Co. Ltd., RKW SE, Sigma Stretch Film Corp., Coveme Spa, Kolon Industries Inc., Group Michiels Advanced Materials, Walco Corporation, Vampire Optical Coatings Inc., Arid Agritec Ltd., FVG Folien-Vertriebs GmbH, and others.

In order to increase their market income potential, UV stabilized film producers are concentrating on development operations including mergers and acquisitions. As the area of application in numerous end-use sectors broadens, investments are also being made in the research and development of new and sophisticated goods.

RECENT DEVELOPMENTS

In December 2022, the sprayable Flexgreen top coat gloss lacquer was introduced by Uflex Ltd. The coating immediately cures in UV LED lights with a wavelength of 385–395 nm because of its radical chemical foundation. This very flexible coating, which has a variety of uses in the construction sector, has outstanding curing performance on high-speed equipment.
In November 2022, the range of Evonik’s Coating Additives business line now includes a new deaerator. The new deaerator, TEGO® Airex 923, is a highly compatible 100% active organic polymer that exhibits higher efficiency and was specifically created for radiation-cured wood coatings.

Key Segments of UV Stabilized Films Market Segmentation

UV Stabilized Films Market by Product Type:

Optical Films
- Retardation Films
- TAC Films
Adhesive Films
- Diffuser Films
- Anti-reflection Films
- Dicing Films
- Pressure-sensitive Films
Conductive Films
- Anisotropic
- Transparent
Others

UV Stabilized Films Market by Material:

Plastic UV Stabilized Films
- PET
- PVC
- PE
- Others (PC, PP)
Metal UV Stabilized Films
- Aluminium
- Steel

UV Stabilized Films Market by Thickness:

Up to 20 Micron UV Stabilized Films
20 to 40 Micron UV Stabilized Films
40 to 50 Micron UV Stabilized Films
50 Micron & Above UV Stabilized Films

UV Stabilized Films Market by Technology:

Adhesion Lamination
Co-extrusion Coating/Lamination

UV Stabilized Films Market by Application:

UV Stabilized Films for Printing
UV Stabilized Films for Lamination
UV Stabilized Films for Industrial Use
- Fiber Reinforced Panels
- Greenhouse Films
- Electrical Insulation
UV Stabilized Films for Packaging
- Outdoor Labels
- Wrapping Films

UV Stabilized Films Market by End-use Industry:

Non-Packaging UV Stabilized Films
- UV Stabilized Films for Building & Construction
- UV Stabilized Films for Agriculture
- UV Stabilized Films for Automotive
- UV Stabilized Films for Printing
- UV Stabilized Films for Electrical &Electronics
Packaging UV Stabilized Films
- UV Stabilized Films for Food
  - Meat, Poultry & Seafood
  - Oils
  - Dry Fruits
  - Dairy Products
  - Other UV-sensitive Products
UV Stabilized Films for Chemicals
UV Stabilized Films for Pharmaceuticals

About Future Market Insights Inc. (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:

Nandini Singh Sawlani

Promising Innovations in Technology May Create New Market Potential For Economic Actors. BOPET Packaging Films Market to Witness a CAGR of 5.5% through 2033

The global BOPET packaging films market is to register a CAGR of 5.5% and is expected to reach from US$ 7.14 billion in 2023 to US$ 12.31 billion by 2033. The need for clean and quality food is stimulating the size of the global BOPET packaging films market.

BOPET Packaging Films Future Trends

Growing packaging demand is propelling the market forward. BOPET packaging films can extend the shelf life of a product, and the growing consumer base for high-barrier packaging solutions is fueling market growth. The rising concern about food safety is to propel biaxially oriented polyethene terephthalate packaging films market growth during the forecast period.

Growth in cosmetics demand, with a growing population, changing lifestyle, and rising per capita disposable income, is the primary factor spurring global BOPET packaging films demand. Cosmetics have a limited shelf life and must be stored properly. Several substitutes, such as aluminum foil, are more expensive than BOPET packaging films, further pushing BOPET packaging films market growth.

All types of biaxial-oriented films have advantageous qualities at low thickness, such as strong stiffness, good heat resistance, and an acceptable oxygen and moisture barrier balance.

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Advantageous product features include outstanding rigidity, a smooth surface, excellent clarity, and chemical and abrasion resistance. Increasing pharmaceutical industry product safety needs is likely to generate profitable prospects for biaxially oriented polyethene terephthalate packaging films market expansion throughout the forecast period.

Roadblocks to Demand for BOPET Packaging Films

The technology guarantees speedy, affordable, hot, and fresh deliveries. Since nations like the United States, China, and India have offered different governmental permits to enter new technology, the technology has already become a battleground for businesses.

On the other hand, the implementation of strict regulations and high input costs disturb market expansion. Biaxially orientated polyethene terephthalate (BOPET) packaging films face challenges from the difficulties of recycling plastic films from 2023 to 2033.

Regional Analysis of the BOPET Packaging Films Market

East Asia held the market leader position and is to develop at a CAGR of 6.6% during the forecast period. With a market share of 74.9% in 2023, China may continue to be a significant market for manufacturing and consuming BOPET packaging films.

India’s economy is rapidly expanding due to the region’s population, shifting lifestyles, and increased per capita disposable income. A sizable network of fast-food restaurants has sprung up, fueling the region’s market expansion.

During the predicted period, North America is expected to increase significantly. Increasing fast food demand, more food safety awareness, and stringent restrictions all fuel biaxially oriented polyethene terephthalate packaging films market demand in the region. In 2023, the United States represented 90.8% of the BOPET packaging films market share.

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Key Takeaways

· By thickness, the market’s 15-30 micron segment is to develop at a CAGR of 6% from 2023 to 2033, valued at US$ 3,448.6 million by 2023.
· The labels segment in the application category in the market is to expand at a CAGR of 6.2% during the forecast period, valued at US$ 775.8 million by 2023.
· By end-use industry category, the fresh produce segment in the market is to rise at a CAGR of 6.9% between 2023 and 2033, valued at US$ 1,222.0 million by 2023.
· The United States market is likely to rise at a CAGR of 4.6% and reach US$ 2,081.73 million by 2033.
· Spanish biaxially oriented polyethene terephthalate packaging films market to develop at a CAGR of 5% from 2023 to 2033, reaching US$ 268.28 million.
· India BOPET films market to expand at a CAGR of 7.1% from 2023 to 2033, reaching US$ 745.60 million.
· China market is to rise at a CAGR of 6.9% and reach US$ 2953.47 million by 2033.
· China may still be a sizable BOPET packaging film market in 2023, with a market share of 74.9%.
· 90.8% of the market share in 2023 belonged to the United States.
· Brazil accounted for 37.3% of the BOPET Films market share in 2023.
· A 28.9% market share in 2023 was held by the German BOPET packaging films market.

BOPET Packing Films Future Business Prognosis

Due to the existence of numerous regional BOPET film manufacturers, the global BOPET packaging films market is a fragmented field. To strengthen their position in the international market, top BOPET packaging films manufacturers are increasing their production capabilities and investing in their current manufacturing facilities.

Notable Breakthroughs in Business Model

· Investment

Jindal Poly Films approved an investment of US$ 99.4 million in February 2020 for the expansion of its business operations in India, which is going to include the addition of a BOPET film plant and a BOPP film line.

Key Segments

By Thickness:

Below 15 Micron BOPET Packaging Films
15-30 Micron BOPET Packaging Films
30-50 Micron BOPET Packaging Films
Above 50 Micron BOPET Packaging Films

By Application:

Labels
Tapes
Wraps
Bags & Pouches
Laminates

By End-use Industry:

Food
- Meat
- Fresh Produce
- Confectionery
- Dairy
- Others
Beverages
Cosmetics & Personal Care
Electrical & Electronics
Pharmaceuticals
Other Industrial

By Region:

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

About Future Market Insights Inc. (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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Nandini Singh Sawlani

Development of Optimized Industrial Electronics Packaging Solutions that Reduce Environmental Impact to Enhance Market Scope

The global industrial electronics packaging market is predicted to register a CAGR of 4.1% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 1,944.9 million in 2023 to US$ 2,906.73 million by 2033 end.

Surging industrial automation is projected to open up a plethora of opportunities for the industrial electronics packaging industry. Since industrial automation offers enhanced productivity, better workplace safety, and lower production cost, the technology is being adopted in multiple end-user industries like automotive, aerospace and defense, chemicals, pharmaceuticals, oil, and gas. Multiple industrial automation technologies depend chiefly on electronic components. As a result, the expanding manufacturing operations in emerging economies are projected to bolster the sales of industrial electronics packaging.

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Key players in the industrial electronics packaging industry are addressing prevalent issues in the electronics industry by developing dedicated packaging solutions. These new industrial electronics packaging solutions are designed to lessen environmental impact by reducing CO2. The companies that are active in the market are offering innovative packaging solutions that help cut costs and protect industrial electronic components, thereby augmenting product adoption.

Key Highlights of the Industrial Electronics Packaging Market:

The North America industrial electronics packaging industry is projected to mark its dominance by attaining US$ 672.1 million by 2023. The region is projected to assume a CAGR of 3.9% over the forecast period. The United States market is expected to surpass total revenue of US$ 659.9 million by the end of 2023.
Europe region is anticipated to position itself as the second leading market in the forthcoming period. The region is projected to generate overall revenue of US$ 578.3 million in 2023.
Germany contributes significantly towards Europe market growth. Germany market shares a sizeable amount of revenue of US$ 384.8 million.
East Asia is the third leading region in the market. The region is projected to account for US$ 296.4 million by 2023 end. The region includes Japan, China, and South Korea- with Japan contributing a huge chunk to the regional growth and South Korea contributing the least from the group.
South Asia is projected to witness robust expansion over the forecast period. The region is projected to witness a CAGR of 4.9% over the forecast period. South Asia is anticipated to attain US$ 202.8 million by 2023 end.
The rigid packaging format holds a significant proportion of the market. By 2023 end, the market is expected to attain US$ 1,816.7 million. The segment is projected to witness a CAGR of 4% over the forecast period.

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Level Up: Competitors Upping their Game

In August 2022, DS Smith pushed ahead with testing fiber-based cardboard packaging composed of seaweed, straw, and more. The company has invested US$ 140 million in research and development to bolster its work in the circular economy. The program aims to discover prospects for fiber and plastic replacement capabilities of multitudinous materials to extend its range of sources for packaging.
In May 2022, ABB chose DS Smith’s updated automation system for Europe’s second-leading recovered fiber-based paper operation.

Key Segments of Industrial Electronics Packaging Industry Survey

By Product Type:

Testing & Measuring Equipment
Process Control Equipment
Industrial Controls
Power Electronics
Industrial Automation Equipment & Others

By Material Type:

Plastic

Paper & Board

By Packaging Type:

Rigid

Corrugated Boxes
Containers
Protective Packs
Trays
Clamshells
Bin & Totes
Others

Flexible

Bags & Pouches
Tapes & Labels
Films & Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa

About Future Market Insights Inc. (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:

Nandini Singh Sawlani

Automotive Manufacturing Equipment Market to Reach US$ 19.4 Billion by 2034, Fueled by 11.1% CAGR

The global automotive manufacturing equipment market is poised to grow at a CAGR of 11.1% during the forecast period. It will likely attain a valuation of US$ 6.8 billion in 2024 and US$ 19.4 billion by 2034.

Key Takeaways from the Report

The global market for automotive manufacturing equipment is projected to expand with 11.1% CAGR through 2034.
By equipment type, the conveyor belts segment is expected to grow at a CAGR of 0% CAGR from 2024 to 2043.
Based on vehicle type, passenger vehicles segment is poised to exhibit a CAGR of 5% through 2034.
The United States market is estimated to be valued at US$ 3.5 billion in 2034.
Sales in China are set to be valued at US$ 3.2 billion by 2034.
South Korea is set to exhibit a CAGR of 3% CAGR through 2034.

“The global automotive manufacturing equipment industry is set to register strong growth through 2034, driven by expanding automotive sector, growing demand for electric vehicles, and high adoption of automation,” – Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

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The conveyor belt segment is anticipated to progress at a healthy CAGR of 11.0% during the assessment period. This is attributable to the growing usage of conveyor systems in the automotive industry.

Growth in the automotive manufacturing equipment market is expected to be propelled by several factors during the forecast period. These include:

Robust expansion of the automotive sector globally
Growing focus of automakers on improving productivity and reducing labor costs
Rising popularity of electric and hybrid vehicles
Increasing penetration of Industry 4.0 technologies in the automotive sector

Rapid population growth and urbanization are leading to increasing car ownership. This is prompting the automotive industry to significantly increase its production capacity, thereby fueling demand for automotive manufacturing equipment.

Several leading automakers are adopting Industry 4.0 principles and smart manufacturing practices, including automation and robotics. This will continue to act as a catalyst, triggering sales of automotive manufacturing equipment during the assessment period.

Rising demand for electric vehicles is another key factor expected to fuel the growth of the automotive manufacturing equipment market through 2034. These vehicles need specialized equipment for battery production, charging infrastructure, and sensor systems.

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Competitive Landscape

ABB, FANUC CORPORATION, KUKA AG, Dürr Group, AMADA CO., Yaskawa Electric Corporation, Kawasaki Heavy Industries, and Schuler Group are the top manufacturers of automotive manufacturing equipment listed in the report. They account for a significant share of the global automotive manufacturing equipment industry.

Key players are constantly developing advanced manufacturing equipment and showcasing them during trade shows and exhibitions. They also employ tactics like partnerships, facility expansions, collaborations, distribution agreements, acquisitions, and mergers to expand their revenue and fortify their market positions.

Automotive Manufacturing Equipment Market by Category

By Equipment Type:

Conveyor Belt
CNC Machine
Robot
Injection Molding Machine

By Vehicle Type:

Passenger Vehicles
Commercial Vehicles

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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:

Nandini Singh Sawlani

Future Market Insights Inc.
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Mid-Lift Axle Market Set to Reach US$ 4.8 Billion by 2033

In 2023, the Mid-Lift Axle market is expected to be worth US$ 2,818.0 million. The market is expected to reach US$ 4.8 Billion by 2033, expanding at a 5.5% CAGR throughout the forecast period.

Key Takeaways from the Mid-Lift Axle Market:

The Mid-Lift Axle industry in the United States is predicted to reach US$ 2,327.5 million by 2033, increasing at a 6.0% CAGR.
The Mid-Lift Axle industry in Japan is estimated to reach a market share of US$ 1,221.7 million, expanding at a CAGR of 5.4% by 2033.
During the forecast period, the Mid-Lift Axle industry in Germany is expected to reach a market share of US$ 747.0 million, securing a 5.6% CAGR.
The Mid-Lift Axle industry in South Korea is predicted to reach US$ 559.4 million by 2033, increasing at a 5.2% CAGR.
China’s Mid-Lift Axle industry is predicted to achieve a market share of US$ 423.0 million, rising at a 5.8% CAGR during the forecast period.
With a CAGR of 5.9% from 2022 to 2033, the mechanical mid-lift Axle segment is expected to dominate the Mid-Lift Axle industry.
With a CAGR of 5.6% from 2022 to 2033, the transportation and logistics industry is expected to dominate the Mid-Lift Axle industry.

“Mid-lift axles have emerged as a pivotal innovation in the automotive industry, offering improved load-bearing capacity and fuel efficiency for commercial vehicles. The findings highlight a growing trend towards the adoption of mid-lift axles by fleet operators seeking to enhance their transportation efficiency while reducing operational costs.” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

The Mid-Lift Axle industry is driven by several factors, including rising urbanization which is resulting in increment of recreational activities, increasing road transportation and construction businesses.

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Mid-Lift Axles are necessary part of coupling equipment and is primarily employed to attach an object such as trolley, trailer or storage compartment. The need for Mid-Lift Axles is mainly being driven by the expansion of construction, transportation and logistics sectors. The increased demand for these gadgets is also being fueled by growing popularity of recreational sports, fishing and boating which needs an attachment with vehicle for the transport.

The Mid-Lift Axle industry faces several obstacles, including high initial costs and a lack of suitable alternatives. The high initial cost of the product is mainly due to expensive and extensive testing process the product has to go through. There are several destructive and nondestructive testing methods used to ensure the product quality and verify the standards before certifying it. This makes it difficult for a manufacturer to provide a wide portfolio with different load bearing capacities for a consumer.

Despite of these hurdles market offers plenty of growth opportunities for key manufacturer as well as local players. The mid-lift Axle market has plenty of opportunities due to rapid transformation of automobile sector from ICE vehicles to EV for commercial as well as public transport purposes. Market is also getting more opportunities with rising popularity of recreational activities and off-road vehicles.

Technological development about the product is driven by advancement in material sciences which improves the robustness of the product along with increasing the load bearing capacity and reduction in its weight.

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How Does the Competition Look in the Mid-Lift Axle Market?

The Mid-Lift Axle industry has a highly competitive landscape, with a significant number of global and local players trying for bigger market share. Several significant participants in this industry comprise Fox Racing Shox, King Shocks, WP Suspension, Tokico, Bilstein, KYB, Monroe, Hagglunds, Rancho, Duro Line, Race Tech, Fabtech, Heidts, Quality Control Suspension, Performance Products Inc. etc.

Key manufacturers primarily invest in research for product development and innovation. A significant amount of the investment share is also given to improvement of different testing techniques which could be employed to check the product quality and certify the load bearing capacity.

Strategic partnerships between market participants allows players to increase their product portfolio to meet the customized requirement of consumers. Medium sized industry manufacturing the product may also strategize the product development with help of research at educational institutes such as universities, colleges and research firms.

Main expansion strategy adapted by key manufacturers is acquisition of the local players which allows key manufacturer to improve their global footprint and it also gives an easy access to the local distributor and supplier network. On the other hand, it allows local players to expand their product portfolio with an international recognition.

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Segmentation Analysis of the Mid-Lift Axle Market

By System Type:

Mechanical Mid-Lift Axle
Air Suspension Mid-Lift Axle

By Capacity:

Light Duty Mid-Lift Axle
Medium Duty Mid-Lift Axle
Heavy Duty Mid-Lift Axle

By Vehicle Type:

LCV
HCV
Off Road Vehicles

By Industry Application:

Recreational
Agriculture
Construction
Transportation and Logistics
Others

By Region:

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

Author

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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:

Nandini Singh Sawlani