Market Research Blog – Page 3419 – New Product Development

Surface Water Sports Equipment Market: Sales Projection by 2030 and Growth Trends

The global surface water sports equipment market is experiencing a surge and is anticipated to sustain growth from 2020 to 2030. Future Market Insights (FMI) predicts that the market for surface water sports equipment is highly profitable and well-positioned to achieve a growth rate of over 5% over the next decade. Increased interest in adventure water sports among individuals will drive sales further.

Surface water sports have emerged as a lucrative business opportunity, particularly for local vendors situated in coastal regions. Leading businesses are focusing on innovation to meet consumers’ growing interest in diverse sports activities. The increasing trend in investment reflects the keen interest of players in expanding their business scope.

Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-12175

For instance a New Zealand based startup called Manta5 has recently combined electric vehicle’s technology to that of watercraft to offer an exciting new equipment for surface water sports. It has launched a water bike called XE-1, which is built with carbon fiber hydrofoils on an aluminum frame.

The water bike is inbuilt with a propeller that keeps the craft lifted out of the water as the rider picks up speed. It also has a proprietary gearbox connected to a hybrid chain and shaft drive that allows the craft to stay streamlines.

Driven by the slew of product launches witnessed at regular intervals, the global water sports equipment and accessories will exhibit impressive growth. FMI studies the various factors driving the market in detail in its recent market study.

The report offers a comprehensive overview of the global surface water sports equipment market, covering factors enabling growth and key restraints. It offers in-depth insights into the market. Some of these are:

North America is expected to record high demand for surface sports water equipment
The market is expected to witness growth at a higher pace in East Asia
North America, Europe, and East Asia markets are likely to showcase a high degree of competition. Hence companies are expected to focus on technological advancements and product launches to gain edge
Advent of electric vehicles and AI will give significant impetus to the market
The unprecedented COVID-19 outbreak is expected to hamper growth. Lack of tourism due to the ongoing pandemic crisis might result in plummeting sales of surface water sports equipment

Request the Full Report Methodology Now:
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-12175

“Surface water sports equipment market is expected to witness considerable growth. While it might witness stunted sales due to the ongoing pandemic, recovery is on cards as soon as the coronavirus passes. Upward trend of investment will enable growth in the market in the coming years,” said a lead analyst at FMI.

Who is winning?

Some of the leading companies operating in the global surface water sports equipment market are

Paddle Surf
AIRE
Naish International
Rave Sports
O’Brien, BIC Sports
Aqua Marine
Belassi
BomBoard
Starboard
Solstice Sports
Surftech
Johnson Outdoors.

Companies operating in the market usually focus on innovations. FMI observes a higher spending on research and spending to support product launches. While the market exhibits a presence of a significant number of established companies, it also offers immense prospects for smaller businesses and new entrants.

Get Valuable Insights on Surface Water Sports Equipment Market

Future Market Insights, provides an unbiased analysis of the global surface water sports equipment market in its new offering, giving historical demand data (2015-2019) and forecast statistics for the period from 2020-2030.

The study divulges compelling insights into the market. In terms of product, the market can be segmented into paddle sports equipment, ski sports equipment, board sports equipment. Based on end user, the market can be segmented into beginner, professional, and intermediate. On the basis of consumer orientation, the market can be bifurcated into adults and kids and based on price range it can be bifurcated into mass and premium. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.

Gain Immediate Access to Detailed Market Insights: https://www.futuremarketinsights.com/checkout/12175

Key Segment

Product Type

Paddle Sports Equipment
Ski Sports Equipment
Board Sports Equipment

Consumer Orientation

Adults
Kids

Sales Channel

Wholesalers/ Distributors
Hypermarkets/ Supermarkets
Exclusive Stores
Multi-brand Stores
Franchise Sports Chain Outlets
Independent Sports Outlets
Online Retailers

End User

Beginner
Intermediate
Professional

Price Range

Mass
Premium

Region

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

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

Global Automotive Performance Parts Market Demand To Reach US$ 532.02 Million by 2032 at a CAGR of 4.6%

The global automotive performance parts market is anticipated to reach a valuation of US$ 532.02 Million by 2032, with sales growing at an average CAGR of 4.6% from 2022 to 2032. As a result of escalating demand for passenger cars, the market for automotive performance parts is likely to reach an estimated US$ 339.32 Million by the end of 2022. A rise in disposable income across the globe further supplements the growth of automotive performance parts market during the forecast period.

Manufacturers in this market are able to provide cost-effective products and record sales growth because of the competition in China, India, Thailand, and Vietnam. With the advancement of technology and swift development occurring in the field of logistics, many manufacturers are now able to supply high-quality items faster and across a variety of regions.

Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-10710

The expanding market for used cars in the United States further bolsters the maintenance and repair segment of the automotive performance parts market during this period. In the past couple of years, owing to rising vehicle ownership and a surge in car collisions, replacement parts dominated the automotive performance parts market, thus contributing immensely to the overall growth of the target market.

Moreover, rapid transformation in lifestyles and a growing desire for useful and progressive technology-based products are propelling consumer growth for the target market. The automotive performance parts are more appealing than ever as they are readily available. A heightened use of use of gauges, switches, and audio/video devices has resulted in the market domination of the interior segment which, in turn, contributes to the growth of the automotive performance parts market during the forecast period.

“Rising vehicle ownership coupled with escalating demand for passenger cars will propel the global growth of the automotive performance parts market over the forecast period,” says an FMI analyst.

Key Takeaways:

The automotive performance parts market in the U.S. will account for 87% of the market share in North America.
By suspension parts, sales of the shock absorbers segment will grow at 4.6%
Sales of torque converters will register a CAGR of 5.8%.
The air filters segment will grow at a CAGR of 4.2%.
High demand for passenger cars will push the target market growth in China.

Competitive Landscape

Tenneco Inc., Robert Bosch GmbH, Continental AG, BorgWarner Inc., Mahle GmbH, Donaldson Company Inc., Holley Performance Products, MITSUBISHI HEAVY INDUSTRIES, LTD., Honeywell International Inc., EXEDY Corporation, Denso Corporation, AISIN SEIKI Co., Ltd., Hitachi Astemo, Ltd., The NGK Spark Plug Co., Ltd., Cummins Inc., ZF Friedrichshafen AG, Valeo, TREMEC, and Hyundai Mobis, among others are some of the major players in the automotive performance parts market profiled in the full version of the report.

Leading market players are focusing on adopting new strategies such as internet sales channels. Some of the other businesses are offering customizations and concentrating on expanding their businesses to gain a competitive advantage.

Direct Purchase of this Report:
https://www.futuremarketinsights.com/checkout/10710

Key Segments

By Product Type:

Exhaust Systems
- Headers
- Mufflers
- Oxygen Sensors
- Exhaust Pipes
- Catalytic Converters
Suspension Parts
- Suspension Bushing
- Sway Bars
- Shock Absorbers
Brakes
- Brake Pads
- Brake Rotors
- Brake Caliper
- Brake Lines
- Brake Master Cylinders
- Vacuum Pumps
Fuel Air & Intake Systems
- Air Filters
- MAF Sensors
- Intake Manifold
- Throttle Bodies
- Fuel Filters
- Spark Plugs
- Fuel Injectors
- Fuel Pumps
Transmission Parts
- Clutch Pressure Plates
- Flywheels
- Torque Converters
- Clutch Linkage

Power Adders
- Turbochargers
- Intercoolers
- Nitrous Oxide Systems
- Superchargers

By Vehicle Type:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel:

First Fit
Aftermarket

More Insights into Automotive Performance Parts Market Report

In its latest report, FMI offers an unbiased analysis of the global automotive performance parts market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (exhaust system (exhaust pipes, catalytic converters, oxygen sensors, mufflers, headers), suspension parts (suspension bushing, sway bars, shock absorbers), brakes (brake pads, brake rotors, brake caliper, brake lines, brake master cylinders, vacuum pumps), fuel air & intake systems (fuel filters, throttle bodies, intake manifold, MAF sensors, air filters, fuel pumps, fuel injectors, spark plugs), transmission parts (clutch pressure plates, clutch linkage, torque converters, flywheels), power adders (turbochargers, intercoolers, nitrous oxide systems, superchargers)), vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles), sales channels (first fit, aftermarket), and region.

According to the latest FMI reports, based on segmentation, the shock absorbers segment will register a CAGR of 4.6% propelled by the rising global demand. The torque converters segment will grow at 5.8% CAGR while the sales of air filters will also record a spike during the projected period.

Based on region, the automotive performance parts market in China will demonstrate substantial growth during 2022-2032. Owing to the presence of top manufacturers of automobile performance components, the country is expected present an opportunity of US$ 38 Bn. The target market in this region will hold the largest market share in East Asia. Other countries like Japan, Spain, and the United States will exhibit notable growth over the forecast period.

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 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

Europe Aluminum Oxide Market Sales Projected to Surge at 5.2% CAGR by 2033

According to Future Market Insights (FMI), europe aluminum oxide market sales are likely to reach a valuation of US$ 2,686.1 million in 2023. Between the forecast period 2023 to 2033, aluminum oxide sales in Europe are set to rise at 5.2% CAGR. Total market valuation in Europe will reach around US$ 4,443.8 million by 2033.

Rising demand for aluminum oxide from the ceramic industry is a key factor driving Europe market. Ceramics are widely used in numerous industries such as construction, electronics, automotive, and medical devices.

For instance, ceramic tiles and sanitary ware are extensively used in the construction industry. Similarly, ceramic capacitors and substrates are used in the electronics industry.

Unlock Success: Request Your Sample for Exclusive Insights Today Now:
https://www.futuremarketinsights.com/reports/sample/rep-gb-17028

Aluminum oxide is a key component in the production of advanced or engineered ceramics. This includes alumina ceramics, zirconia ceramics, and silicon carbide ceramics.

These products have superior properties such as high strength, hardness, and resistance to wear and corrosion. They find applications in critical sectors such as aerospace, defense, and biomedical.

Growing demand for high-performance ceramics from various industries will continue to boost Europe aluminum oxide sales through 2033.

The increasing adoption of advanced ceramics in high-tech applications such as semiconductors, LEDs, and electronic devices will elevate demand for aluminum oxide. Hence, the ceramics sector will continue to play a significant role in propelling demand for aluminum oxide across Europe.

Further, the growing usage of aluminum oxide in aluminum production will create opportunities for Europe-based aluminum oxide manufacturers.

Key Takeaways from Europe Aluminum Oxide Market:

Europe aluminum oxide market is set to cross a valuation of US$ 4,443.8 million by 2033.
Sales of aluminum oxide across Europe will rise at around 2% CAGR over the forecast period.
By application, aluminum production segment will hold a prominent share of Europe market by 2033.
Based on end use, electronics segment will thrive at 2% CAGR between 2023 and 2033.
Germany market is set to create an incremental $ opportunity of US$ 412.4 million through 2033.
Demand for aluminum oxide in France will progress at 8% CAGR over the next ten years.

“Growing demand from the ceramics industry is creating significant opportunities for the Europe aluminum oxide market. With increasing demand for ceramics from various industries, aluminum oxide sales will rise at a steady pace across Europe. Manufacturers will find significant growth opportunity in tending to critical sectors like aerospace, defense, and biomedical.” – says an FMI analyst.

Competitive Analysis:

BASF SE, Alcoa Corporation, Cabot Corporation, Norsk Hydroa, Evonik Industries AG, Merck KGaA, Sasol Ltd., J.M. Huber Corporation, Honeywell International Inc., W.R. Grace & Co., and others are the key manufacturers of aluminum oxide profiled in the full version of the report.

Key market participants are expanding their production capacities to meet end user demand across Europe. They are also focusing on strengthening their presence across various emerging markets.

For instance,

In September 2020, BASF SE made an announcement, regarding the launch of their latest palladium alumina catalyst series in the market.

This new series of catalysts are supported by alumina and has been designed to offer improved activity and increased tolerance to toxins such as sulfur. This is achieved through the use of greater Pd dispersion in the catalysts, resulting in a higher level of efficiency.

In February 2022, Norsk Hydro ASA signed an agreement with Agder Energi AS and Lyse Energi AS to build a hydrogen plant in Norway to produce low-carbon aluminum.

This agreement to build a hydrogen plant is a significant step forward in the company’s efforts to produce low-carbon aluminum. By using renewable energy sources to produce hydrogen, the company is demonstrating its commitment to sustainability and reducing its carbon footprint.

Elevate Your Competitive Edge: Purchase Our Market-Driven Insights Report:
https://www.futuremarketinsights.com/checkout/17028

More Insights into the Aluminum Oxide Market Report:

In its latest report, FMI offers an unbiased analysis of the Europe aluminum oxide market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the market potential, growth, and scope, the market is segmented based on product type, application, end use, and country.

Europe Aluminum Oxide Market Segmentation

By Product Type:

Nanoparticles
Powder
Pellets
Tablets
Sputtering Targets

By Application:

Aluminum Production
Non-Aluminum Production
Abrasives
Engineered Ceramics
Corundum
Others

By End Use:

Medical
Automotive
Aerospace
Metallurgy
Electronics
Others

By Country:

Germany
Italy
France
United Kingdom
Spain
BENELUX
Poland
Hungary
Romania
Czech Republic
Bosnia and Herzegovina
Bulgaria
Croatia
Rest of Europe

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

Global Fire Truck Market Projected to Reach US$ 8.5 Billion by 2033 at a CAGR of 3.7%

The global fire trucks market is expected to expand at a CAGR of 3.7% in year 2023 to 2033. The overall market value is projected to reach US$ 8.5 Billion by 2033. The demand for fire trucks was around US$ 5,741.6 million in 2022.

The rising need for dependable equipment on the vehicle and cutting-edge firefighting technology have substantially transformed the fire truck industry in the last few years. Increased fire and safety awareness to prevent fire-related fatalities has also surged the demand to establish fire truck stations in rural areas.

Request Sample Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-2732

Besides high-rise buildings and industrial complexes, bustling streets in metropolitan cities have necessitated specialized firefighting trucks and equipment. So, modern and advanced fire vehicles better suited to tackle all kinds of situations are garnering higher traction in the market.

“As natural disasters are getting more common, the establishment of rescue fire truck manufacturing facilities is expanding with federal support in several countries. Manufacturers and suppliers in the municipal fire department trucks are adopting new, creative strategies to get the most out of the intense competition. – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways from the Fire Truck Market Study Report

The United States continues to be the leading market for fire trucks and is poised to advance at a CAGR of 2.7% through 2033.
Due to Germany’s status as a global hub for automotive components, the demand for firefighting trucks is anticipated to surge at 5.5% CAGR through 2033.
China dominates the Asia fire truck market and is expected to progress at a lucrative 4.4% CAGR during the forecast period.
The India fire truck industry is thriving, with regional players expecting an annual growth rate of 4.3% from 2023 to 2033.
Increasing production and sales of tankers is expected to increase this segment’s global revenue share from 29.9% in 2022.

Unlock Exclusive Market Segments Insights: Buy to Discover Vital Trends, Drivers, and Challenges in this Industry:
https://www.futuremarketinsights.com/checkout/2732

Competitive Landscape for the Fire Truck Market

Considering there are so many well-established suppliers and manufacturers, the worldwide market is quite competitive for emergency response trucks. New industry participants are imitating leading players like Rosenbauer and Oshkosh, who have strengthened their worldwide positions via advanced product developments and strategic collaborations.

Key Players

Rosenbauer International AG
Oshkosh Corporation
Magirus GmbH
Spartan Motors
Morita Group
REV Group
Naffco
Ziegler Group
Danko Emergency Equipment Co.
Zoomlion

Recent developments in the Fire Truck Industry

The REV Fire Group unveiled Vector, its first-ever electric engine in North America, during FDIC 2022 in April of that year. The engine was developed in collaboration with Emergency One Group LTD, a preeminent fire and rescue apparatus producer in the United States. Likewise, SCANIA created a hybrid vehicle for industrial and maritime use in March 2023 that is ideal for all types of fire trucks.
Charlotte Fire Department added electric fire trucks for eco-friendly fire stations under its jurisdiction in December 2022. In preparation for its new all-electric firehouse opening in 2024, it has placed orders in bulk with the electric fire truck’s supplier, Spartan Emergency Response.
Rosenbauer Incorporate and Volvo Company united in July 2021 to build a brand-new electric fire vehicle called Revolutionary Technology. They aim to develop the first electric fire truck equipped with proven and adaptable technology from Volvo Penta, Volvo, as well as its client Rosenbauer.

Request Report Methodology:
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-2732

Key segments

By Product:

Tankers
Pumpers
Aerial Platform
Rescue Fire Trucks
Other Specialty Trucks

By End-use Sector:

Residential & Commercial Buildings
Enterprises & Airports
Military
Other End Uses

By Region:

North America Market
Latin America Market
Europe Market
China Market
APEC Market
ROW Market

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.

Explore FMI’s Extensive Ongoing Coverage on Automotive Domain

APEJ Automotive Aftermarket Analysis

Automotive Head-up Display Market

Automotive Wiring Harness Market Share

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

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Home Blood Testing Devices Market is anticipated to hit US$ 45.6 Billion by 2033

According to the latest data, the global home blood testing devices market is currently valued at an impressive US$ 14.76 billion. These estimations project a continual upward trajectory, with an anticipated revenue of US$ 16.35 billion by the end of 2023. Moreover, the market is expected to reach a staggering US$ 45.6 billion by 2033, demonstrating a robust Compound Annual Growth Rate (CAGR) of 10.8% from 2023 to 2033.

The surge in the home blood testing devices market can be attributed to the increasing demand for convenient and accessible healthcare solutions. These devices empower individuals to monitor their health parameters from the comfort of their homes, eliminating the need for frequent visits to healthcare facilities. As the market encompasses a diverse range of testing devices, including blood glucose monitors, cholesterol testing kits, blood pressure monitors, and more, it caters to a wide array of health monitoring needs.

Get your Sample Report with Latest Market Information! https://www.futuremarketinsights.com/reports/sample/rep-gb-12557

One of the driving factors behind this growth is the growing prevalence of chronic diseases such as diabetes and cardiovascular disorders. Regular monitoring of these conditions is crucial for effective disease management, and home blood testing devices provide a practical solution for individuals seeking proactive healthcare management.

Future Market Insights recognizes the significance of these trends and is well-positioned to capitalize on the opportunities presented by the burgeoning home blood testing devices industry. Our commitment to delivering insightful market intelligence and strategic analysis positions us as a key player in this evolving landscape.

As the industry continues to evolve, we remain dedicated to providing timely and relevant information to our clients, enabling them to make informed decisions in this dynamic market. We are excited about the prospects that lie ahead and look forward to contributing to the continued growth of the global home blood testing devices industry.

Key Takeaways Home Blood Testing Devices Market:

Market Growth and Demand: The home blood testing devices market has been experiencing significant growth due to increasing consumer demand for convenient and accessible healthcare solutions. These devices allow individuals to monitor various health parameters in the comfort of their homes, reducing the need for frequent visits to healthcare facilities.
Health Monitoring: Home blood testing devices encompass a range of products designed for monitoring different health metrics, including blood glucose levels, cholesterol levels, blood pressure, hemoglobin levels, and more. These devices cater to individuals with chronic conditions such as diabetes, cardiovascular diseases, and anemia.
Convenience and Accessibility: One of the primary drivers behind the growth of this market is the convenience and accessibility offered by home blood testing devices. Users can monitor their health status without the need for frequent visits to clinics or laboratories, saving time and reducing the associated costs.
Technological Advancements: Advances in technology have led to the development of more accurate and user-friendly home blood testing devices. These devices often come with features like smartphone connectivity, data storage, and user-friendly interfaces, making it easier for individuals to track and manage their health data.
Rising Health Awareness: Increased awareness about the importance of proactive health management has contributed to the popularity of home blood testing devices. People are becoming more interested in monitoring their health parameters and making lifestyle adjustments based on the collected data.

Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-12557

Home Blood Testing Devices Market: Key Players:

Athelas
PixCell Medical
Nanogenecs
pts Diagnostics
Tasso
Cue
Abbott
D&A health
Walgreens
Everlywell

Home Blood Testing Devices Market: Segmentation

The global home blood testing devices market is segmented based on the indication type, distribution channel and region.

Indication Type:

Bacterial infection testing
Heart condition testing
Cancer testing
Glucose testing
Others

Distribution Channel Type:

Hospital Pharmacies
Online Stores
Drug Stores
Retail Stores

Direct Purchase of this Report: https://www.futuremarketinsights.com/checkout/12557

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

Global Cryopreservation Freezers Market is likely to experience a 6.5% CAGR rise by 2033

According to data from Future Market Insights, the global cryopreservation freezers market growth is anticipated to expand at a CAGR of 6.5% over the forecasted time. By 2033, the market value is anticipated to have increased from US$ 585.0 million to US$ 1.1 billion. The market for cryopreservation freezers had a value of US$ 552.3 million at the end of 2022 and is projected to expand by 5.9% year over year in 2023.

The global cryopreservation freezers market demand is expected to grow at a significant rate in the coming years, driven by several factors. These includes growing demand for maintaining the storage conditions for various biologics, organs and tissues for clinical purpose and increasing growing government funds for the research and development field for organ transplantation.

To Remain Ahead of Your Competitors, Request For A Sample! https://www.futuremarketinsights.com/reports/sample/rep-gb-7836

A potentially useful method for storing and moving organs is cryopreservation. Government officials are aware of the potential benefits of cryopreservation in resolving the medical issues raised during organ transplantation.

For the market for cryopreservation freezers, government financing in the area of research and development for organ transplantation has been a significant market driver. Effective preservation techniques are becoming more and more important due to the rising prevalence of chronic diseases and organ failure.

According to the article Buying Time for Transplants published by National Library of Medicine, the Consortium for Organ Preservation in Europe (COPE) received a US$ 7.1 million allocation from the European Union.
According to the article Buying Time for Transplants published by National Library of Medicine, Cryopreservation and ex vivo perfusion technology received US$ 7 million in a search of NIH RO1 grants during the course of the previous year.

The government aims to raise the success rates of transplant procedures by funding the research and development of cryopreservation freezers. Extending organ viability can enable longer periods of transport and improve the chances of successful transplantation.

Significantly, breakthroughs in organ transplantation technology have positive economic effects. Organ transplants are expensive, and using cryopreservation technology could help cut healthcare costs by enhancing the effectiveness of organ preservation and transportation, which is what, drives the demand for cryopreservation freezers.

Key Takeaways from Market Study:

By product, tunnel freezer contributed around US$ 227.5 Million in 2022. The tunnel freezers excel in reducing environmental contamination, which helps to ensure the quality of the item stored and helps for a longer duration of storage.
By end user, medical and healthcare settings contributed around US$ 233.6 Million in 2022, owed to growing demand for long-term storage options for vaccines, biological samples, stem cells, and other medicinal supplies. The segment gains from the growing demand for safeguarding these delicate materials’ viability and integrity for use in research, diagnostics, and therapeutic procedures in medical and healthcare settings.
By region, North America held dominant share in world in 2022 contributing around US$ 201.0 Million. North America’s prominent position in the cryopreservation freezer market is a result of the existence of important market participants, research organizations, and academic institutions there.

“Demand growing for long-term storage and preservation of biologics, tissues and organs for various clinical application across industries” says an analyst of Future Market Insights.

Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-7836

Market Competition:

The cryopreservation freezers market is highly competitive, with key players including BioLife, Common Sense Ltd. and Nanjing Liming Bio-products Co., Ltd. These companies are constantly working towards introducing new products into the market with advanced features and new technology integrated.

In January 2021, Biolife Solutions- stirling ultracold, a leading manufacturer of ultra-low temperature (ULT) freezers, signed exclusive distribution agreement as a sole supplier of ULT freezers to Puerto Rico and all US embassy facilities.
In March 2023, BioLife introduces Stirling Ultraguard -70°C Phase Change Material.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the cryopreservation freezers in its latest study, presenting a historical demand assessment of 2017 – 2022 and projections for 2023 – 2033. The global cryopreservation freezers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader

The analysis is based on product type (tunnel freezer, IQF freezer, immersion freezer, spiral freezer and others), by end user (medical and healthcare settings, bio-pharma companies, blood banks, research institutes and others) across seven key regions around the world.

Key Market Segments Covered in Cryopreservation Freezers Industry Research:

By Product:

Tunnel Freezer
IQF Freezer
Immersion Freezer
Spiral Freezer
Others

By End User:

Medical and Healthcare settings
Bio-pharma companies
Blood Banks
Research Institutes
Others

By Region:

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

Direct Purchase of this Report: https://www.futuremarketinsights.com/checkout/7836

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

Global Stereotactic Radiation Therapy Market is anticipated to demonstrate a 7.3% CAGR from 2023 to 2033

As per the latest market analysis, the global stereotactic radiation therapy market demand is poised for a robust expansion, estimated to grow at a CAGR of 7.3% from 2023 to 2033. The market, valued at US$ 3.9 Billion in 2023, is anticipated to reach a staggering US$ 7.9 Billion by 2033.

According to the American Cancer Society, about 24,810 malignant tumors of the spinal cord or brain will be detected in the United States in 2023.

Stereotactic radiation therapy provides good tumor control rates while delivering precise doses. In comparison to conventional radiation therapy, it allows for larger radiation doses to be provided in fewer treatment sessions. This leads to better outcomes, such as higher tumor control rates and higher survival rates for some malignancies. The possibility of shorter treatment sessions and fewer side effects leads to the growing use of stereotactic radiation therapy.

Request a Sample copy of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-7842

Stereotactic radiation therapy is a non-invasive or minimally invasive therapeutic option that, in some situations, avoids the need for surgery. It can be used to treat both primary and metastatic tumors, offering a non-invasive alternative to invasive methods. Stereotactic radiation therapy is appealing to patients and physicians due to its ability to deliver targeted radiation without requiring open surgery.

Leading players in this market are continuing to hold the global market share by promoting their product and associated benefits. By improving state-of-the-art technology in the stereotactic radiation systems, companies are offering optimized treatment plans and delivery of radiation therapy.

Key Takeaways from Market Study:

By technology, linear accelerator radiosurgery systems accounts for US$ 2.5 billion in 2022 owed to targeted therapy and lesser adverse effect.
By indication, CNS cancer accounts for more than0% of the market share globally in 2022. Women have a slightly higher likelihood of acquiring any form of brain or spinal cord tumor than males, while men have a little higher risk of developing a malignant tumor. Thus, for non-surgical CNS cancer treatment option, the SRT is in high demand.
Hospitals held around 2% of the global market share in 2022. This can be ascribed to the fact that large population globally suffers from various diseases, which can be adequately identified in this setting with qualified assistance.
By region, North America held dominant share in world in 2022. The U.S. leads in this region with high prevalence of cancer and high requirement of radiation therapy.

“The growing cancer burden and increase in adoption of personalized therapy contribute to higher demand for stereotactic radiation therapy systems.” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-7842

Market Competition:

The stereotactic radiation therapy market is highly competitive, with key players like Ion Beam Applications (IBA), Elekta and Sumitomo Heavy Industries. These companies are constantly participating partnerships, award competition with their products and launching new products to gain a larger market share, with a focus on affordability, convenience, and effectiveness.

In March, 2023, a research partnership has been started by IBA (Ion Beam Applications S.A., EURONEXT) for the creation of the ConformalFLASH clinical proton treatment system.
In June, 2023, the choice to invest in Alpha Fusion Inc. (“AF”), a producer of radiopharmaceuticals based on astatine for targeted alpha therapy (“TAT”), was made official by Sumitomo Heavy Industries, Ltd.

Key Companies Profiled:

Mevion Medical Systems, Inc.
Hitachi, Ltd. (Mitsubishi Electric Corporation)
Accuray Incorporated
MASEP Medical Science & Technology Development (Shenzhen) Co
Akesis, Inc
Elekta
Siemens Healthineers AG (Varian Medical Systems, Inc.)
Ion Beam Applications
ProTom International
Pronova Solutions
Sumitomo Heavy Industries, Ltd.
Provision Cares
Optivus Proton Therapy Inc.
Advanced Oncotherapy
Sun Nuclear Corporation
B dot Medical Inc. (partnered with Toshiba)

Act Now to Explore In-Depth Market Analysis: Purchase Now to Access Comprehensive Reports: https://www.futuremarketinsights.com/checkout/7842

Key Market Segments Covered in the Stereotactic Radiation Therapy Industry Research:

By Technology:

Linear Accelerator Radiosurgery Systems
GammaKnife Radiosurgery Systems
Proton Beam Therapy
CyberKnife

By Indication:

CNS Cancer
Prostate Cancer
Head and Neck
Breast Cancer
Lung Cancer
Other

By End User:

Hospitals
Imaging Centers
Cancer Research Centers
Oncological Treatment Centers

By Region:

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

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

Explore FMI’s related ongoing Coverage on Healthcare Market Insights Domain:

Antihistamine Market Size: The global market was valued at US$ 263.9 billion in 2022. The market is expected to expand at a CAGR of 8.6% and reach a valuation of ~US$ 647.7 billion by 2033.

Non-injectable Insulin Market Share: The market is projected to generate US$ 1,372.9 million in 2024. non-injectable insulin market revenue is predicted to reach US$ 4,418.70 million by 2034. A CAGR of 9.50%.

Antibody Discovery Market Outlook: The market size is projected to be worth US$ 7,652.2 million in 2024. The market is likely to reach US$ 17,142.7 million by 2034. The market is further expected to surge at a CAGR of 7.2% during the forecast period 2024 to 2034.

Citicoline Supplement Market Growth: The global market size is expected to rise at a CAGR of 8.4% in the assessment period 2024 to 2034. The market value is projected to increase from US$ 557.3 million in 2024 to US$ 1,161.6 million by 2034.

Aspirin Drug Market Demand: The global market share is expected to account for US$ 2,938.2 million in 2024 and expand at a consistent CAGR of 3.8% to reach a valuation of US$ 4,236.9 million by 2034.

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

Global Depression Treatment Market is forecasted to experience remarkable growth, projected to surpass US$ 16.8 billion by 2032

Recent market insights have unveiled a promising future for the global depression treatment market, forecasting significant growth that is expected to exceed the US$ 16.8 billion mark by the year 2032. The industry is set to embark on an impressive trajectory, commencing at US$ 10.1 billion in 2022 and demonstrating a robust Compound Annual Growth Rate (CAGR) of 5.2% over the forecast period.

The findings of a recent comprehensive study underscore the dominance of pharmaceuticals within the depression treatment segment, revealing that drugs captured an astonishing 99.4% of the demand share in 2021. This emphasizes the pivotal role that pharmaceuticals play in addressing depression on a global scale.

Get your PDF Sample Report with Latest Market Information! https://www.futuremarketinsights.com/reports/sample/rep-gb-14687

The anticipated growth in the depression treatment industry is indicative of the increasing awareness and recognition of mental health issues worldwide. As societal attitudes evolve and the stigma surrounding mental health diminishes, there is a growing demand for effective treatment options. This surge in demand is particularly evident in the pharmaceutical sector, where advancements in research and development continue to drive innovation in depression treatment.

Future Market Insights, a leading player in the healthcare industry, is strategically positioned to capitalize on this burgeoning market landscape. With a commitment to pioneering research, development, and the introduction of novel therapies, Future Market Insights is dedicated to revolutionizing the way depression is treated, focusing on enhancing patient outcomes and quality of life.

“Rising awareness regarding mental health coupled with favorable initiatives by the government will propel the global growth of the depression treatment market over the forecast period,” says an FMI analyst.

Key Takeaways:

Lack of specialists as well as associated social stigma may hinder market growth.
High prevalence of depressive disorders fuels the market growth in the U.S.
Germany’s depression treatment market will expand at 5.3% CAGR.
The depression treatment market in China will grow at a CAGR of 4.8%.
By disease, the depression segment is expected to register a CAGR of 5.3%.
Based on product, the drugs segment will grow at a CAGR of 5.2%.

Explore The Art of Informed Decision-Making Via Our Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14687

Competitive Landscape:

Viatris (Mylan Pharmaceuticals Inc.)
Sunovian Pharmaceuticals
AbbVie Inc. (Allergan, Inc.)
Jubilant Generics Limited
Sanis Health Inc.
Abbott Laboratories
Aurobindo Pharma
Torrent Pharmaceuticals
Teva Pharmaceuticals
Sun Pharmaceuticals
(Apotex Holdings, Inc.) Apotex Corporation
Alembic Pharmaceuticals Limited

Leading market players are focusing on tactics like mergers and acquisitions to expand their market reach. These organizations are also keen on developing unique treatment approaches to gain a competitive advantage.

More Insights into Depression Treatment Market Report:

According to the latest FMI reports, based on segmentation, hospitals, in terms of distribution channels, are expected to lead the market growth in the next few years. By disease, the major depression episodes segment will grow at a 5.3% CAGR and contribute substantially to the market growth. On the basis of product type, the drugs segment will dominate the market by accounting for almost 99.4% of depression treatment market sales. This subsegment is likely to grow at a CAGR of 5.2% during the forecast period.

Based on region, the depression treatment market in China is likely to exhibit substantial growth during 2022-2032. The country accounted for 43.4% of the target market share in the East Asia region. Better medical infrastructure and increasing healthcare expenditure drive regional market growth. Countries like Germany and the United States are also anticipated to undergo notable growth over the forecast period.

Act Now to Explore In-Depth Market Analysis: Purchase Now to Access Expert Opinions: https://www.futuremarketinsights.com/checkout/14687

Key Segments Covered In Depression Treatment Industry Research:

By Products:

Drugs
- Selective Serotonin Reuptake Inhibitors (SSRIs)
  - Citalopram
  - Escitalopram
  - Fluoxetine
  - Fluvoxamine
  - Paroxetine
  - Sertraline
- Selective Norepinephrine Reuptake Inhibitors (SNRIs)
  - Desvenlafaxine succinate
  - Duloxetine
  - Levomilnacipran
  - Venlafaxine
- Bupropion
- Mirtazapine
- Monoamine oxidase inhibitors (MAOIs)
  - Phenelzine
  - Tranylcypromine
- Antipsychotics
  - Lithium carbonate
  - Aripiprazole
  - Brexipiprazole
  - Quetiapine
- Trazodone
- Others
TMS Devices
- rTMS Devices
- dTMS Devices

By Disease:

Major Depression
Persistent Depressive Disorder
Bipolar Disorder
Seasonal Affective Disorder (SAD)
Postpartum Depression
Premenstrual Dysphoric Disorder (PDD)
Situational Depression
Atypical Depression
Treatment-Resistant Depression

By Distribution Channel:

Hospitals
Retail Pharmacies
Drug Stores
e-commerce
Specialty Clinics

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
The 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.

Contact Us:

Nandini Singh Sawlani

Global Robotic Wheelchairs Market is expected to achieve US$ 377.4 Million by 2032

The global robotic wheelchairs market demand is set to experience a substantial upswing, with a projected Compound Annual Growth Rate (CAGR) of 11.5% from 2022 to 2032. According to the latest market research, the industry is anticipated to surpass the US$ 127.1 Million mark in 2022, reaching an unprecedented value of approximately US$ 377.4 million by 2032.

This remarkable growth trajectory is attributed to the increasing adoption of robotic wheelchair technology worldwide. As societies strive for inclusivity and improved accessibility, the demand for advanced mobility solutions has witnessed a significant surge. Robotic wheelchairs, with their cutting-edge features and enhanced maneuverability, are emerging as a transformative solution for individuals with mobility challenges.

Get your report sample to gain comprehensive insights! https://www.futuremarketinsights.com/reports/sample/rep-gb-12043

The surge in market value reflects an evolving landscape of technological advancements, emphasizing the integration of robotics, AI-driven controls, and enhanced navigational capabilities within wheelchair designs. These innovations are set to redefine the traditional concepts of mobility aids, offering greater autonomy and efficiency for users.

Key Takeaways from Market Study:

By wheelchair, the mid-wheel drive type is expected to hold a 45.0% market value share in 2021, and is expected to display a CAGR growth of 9.3% over the forecast period.
The personal use application is leading with 69.0% of the market share in 2021 and is expected to register a CAGR of 10% by the end of 2032.
By distribution channel, home care settings hold a higher share of 53% in the robotic wheelchair market in 2021.
North America is slated to be the leading region with a value share of 36.4% in 2021 owing to rising geriatric population along with the high demand for smart wheelchairs and early adoption of the technologically advanced product.

“With surging adoption of power wheelchairs for mobility assistance, the robotic wheelchair market is expected to witness an advancement over the forecast period,” says an analyst of Future Market Insights.

Open The Door To Strategic Insights Through Our Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-12043

Leading Companies Profiled in Robotic Wheelchair Market are:

Sunrise Medical LLC
WHILL Inc
Permobil
MEYRA GmbH
Matia Robotics, Inc.
Karman Healthcare, Inc.
UPnRIDE Robotics Ltd.
Ottobock
Centaur Robotics.
tmsuk co., ltd (Rodem)
Nino Robotics.
Kinova Inc.
Cyberworks Robotics

Market Competition:

Acquisitions, expansion, development of an extensive product pipeline and product launches are the key strategies adopted by manufacturers and integrators to increase the consumer base in different geographies.

In March 2022, Kinnova Inc. launched Link 6, a new generation industrial robot arm for enabling greater efficiency of daily tasks. This is Canada’s first industrial collaborative robot.
In February 2020, Sunrise Medical acquires Oracing in order to offer suitable products to cater to large audience requirements in the faster-growing market.
In December 2019, Renault and Nino Robotics signed a new partnership with an aim to change the perception of transport solutions for people suffering from mobility issues.

Key Market Segments Covered In Robotic Wheelchair Industry Research:

By Wheelchairs:

Rear-Wheel Drive
Front-Wheel Drive
Mid-Wheel Drive

By Application:

Personal Use
Commercial Use

By Distribution Channel:

Home Care Settings
Rehabilitation Centers
Online Sales Channel
Others

By Region:

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

Act Now to Explore In-Depth Market Analysis: Purchase Now to Access Industry Trends: https://www.futuremarketinsights.com/checkout/12043

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

Global Retread Tire Market to Reach US$ 20 Billion by 2033 at 6% CAGR

The global retread tire market is anticipated to reach USD 11.2 billion in 2023 and is expected to be worth USD 20 billion by 2033, trailing a CAGR of 6% during the forecast period.

The market is expected to experience significant growth, primarily influenced by the increasing prices of new tires, particularly for sports utility vehicles. This trend can be attributed to the rise in natural rubber costs and the volatility of crude oil prices. Additionally, the expanding number of commercial vehicles in operation worldwide is projected to be a major driving force for market growth.

Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-3657

Tire manufacturers have shown a strong interest in exploring new opportunities and meeting the growing market demand for tire retreading. They are increasingly recognizing the significance of this technology and its rising popularity among consumers. As a result, major tire manufacturers have initiated research and development efforts to align with this market trend and fulfill the demands of retread tire users.

In September 2021, Bridgestone Corporation unveiled its latest commercial vehicle portfolio, showcasing cutting-edge mobility solutions and tire retreading concepts. Notably, the company highlighted the Bridgestone Duravis R002 premium tire, which stands out for its exceptional wet grip, optimal fuel efficiency, and durable carcass. Bridgestone expects that this retreaded tire will meet the demands of commercial vehicle users, offering high performance and reliability.

The tire retreading market is set to be propelled by the eco-friendly characteristics of retreaded tires and their cost-effectiveness compared to new tires. Retreading is known for its environmentally friendly nature, as it allows manufacturers to reuse existing tires, reducing the need for landfill space. Retreading helps decrease carbon dioxide emissions and saves significant quantities of oil that would otherwise be used in the production of new tires. These factors contribute to the sustainability and conservation of resources in the tire industry.

Key Takeaways

United States retread tire market is expected to grow with a CAGR of 5.8% during the forecast period.
The market in China is expected to grow with a CAGR of 6.2% during the forecast period.
By vehicle type, heavy commercial vehicle is projected to dominate the retread tire market. It is expected to grow with a significant CAGR of 6.5% during the forecast period.
By process, pre-cure retreading segment is expected to grow with a CAGR of 6.6% throughout the forecast period.

Increasing prices of sports utility vehicles is expected to drive market growth during the forecast period-comments an FMI Analyst

Competitive Landscape

The retread tire market is highly competitive, with several key industry players investing heavily in the production of these tires.

The key industry players are Continental AG, MRF, YOKOHAMA RUBBER COMPANY, Rosler Tech Innovators, Michelin, Bridgestone, The Goodyear Tire & Rubber Company, Carloni Tire, JK TYRES, Eastern treads, Nokian tyres plc, KRAIBURG Austria Gmb, Pilipinas Kai Rubber Corporation, Kit Loong Commercial Tyre Group, Fortune Tire Tech Limited, Tread Wright Tire, CIO Tyres Pvt. Ltd., Vaculug Tyres, King Meiler Tyres.

Some recent developments in the market are:

Key market players are leveraging organic growth strategies like acquisition, mergers, tie-ups, and collaboration to bolster their product portfolio. This is expected to propel the global retread tire market.

In February 2022, Bridgestone Corporation announced that its ALENZA 001 tire had been selected as the official original equipment for the Nissan Ariya, a compact crossover electric vehicle (EV) sport utility vehicle.
In July 2021, Michelin North America broadened its portfolio of tire retread technologies with the introduction of two new pre-mold retreads. One of these innovations is the Michelin X ONE Line Energy T2 Pre-Mold Retread, designed specifically to improve the total cost of ownership for the line-haul market in North America.
In November 2021, Nokian Tires declared its plans to substantially boost the production capacity of passenger car tires at its factory in Nokia, Finland.

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights Today:
https://www.futuremarketinsights.com/checkout/3657

Key Segments Profiled in the Retread Tire Market Industry Survey

By Vehicle Type:

Passenger Cars
LCV
HCV
Off-Road Vehicle

By Process:

Pre-cure
Mold cure

By Sales Channel:

OEM
Independent Service Provider

By Region:

North America
Latin America
Europe
Asia Pacific
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 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