Global Plastic Extrusion Machine Market Set to Exceed US$ 10,754.4 Million by 2032, Driven by Versatility and Efficiency

The global plastic extrusion machine market was set to achieve a remarkable valuation of US$ 6,793.9 million in 2022, with strong indicators pointing towards significant expansion. Fueled by a substantial Compound Annual Growth Rate (CAGR) of 4.70%, the market is projected to reach an impressive US$ 10,754.4 million by 2032.

This surge in demand is propelled by the increasing need for extruded plastic products across various industries, including packaging, consumer goods, construction, and automotive. These sectors rely extensively on the versatility of extruded plastic components, driving the global plastic extrusion machine market to unprecedented levels.

The appeal of plastic extrusion machines lies in their remarkable ability to enhance workflow efficiency and production volume while ensuring a high level of product stability. This combination of speed and precision holds significant value for industries requiring mass production of plastic components, positioning plastic extrusion machines as vital contributors to the advancement of modern manufacturing processes.

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The plastic extrusion process offers a prominent advantage by enabling the creation of intricate shapes and designs without compromising on quality. This method ensures the absence of cracks or imperfections, as plastic undergoes shear and compressive stresses exclusively. Furthermore, the process yields parts and components with exceptional surface finishes. An extruder machine encompasses crucial components like a barrel, screw, heaters, die, and screw drives. It operates based on the application of two essential conditions: pressure.

The extruder screw facilitates the mixing action of plastic compounds through shearing. This versatile plastic extrusion process finds application in the global market for producing plastic tires and belt conveyors. Extrusion machines accommodate various materials, including thermoplastic plastic, thermoplastic, and natural plastic, enabling the manufacturing of cross-sectional shapes such as cords, rectangles, squares, triangles, and hollow sections. This adaptability underscores the versatility of plastic extrusion machines in delivering diverse profiles with precision.

In essence, the plastic extrusion machine market is experiencing an era of sustained growth, thanks to its integral role in meeting the rising demand for extruded plastic products. As industries continue to recognize the efficiency and versatility of these machines, their influence on manufacturing and production processes is set to expand further.

Market Dynamics: Global Plastic Extrusion Machine Market

The plastic extrusion machine market is poised for growth during the forecast period, driven by significant factors including innovative processing technologies and the introduction of novel plastic products worldwide.

Moreover, various factors are expected to fuel the demand for plastic extrusion machines. These include the expansion of piping industries and the manufacturing sector in both emerging and developed regions, rising awareness about the advantages of plastic extrusion machines, increasing consumer consciousness towards eco-friendly equipment, and other conveniences. Manufacturers are presented with a robust opportunity to introduce innovative plastic products that cater to evolving consumer demands for fuel-efficient and high-performance lightweight vehicles. This confluence of factors positions the plastic extrusion machine market for favorable expansion.

Key Players:

  • Apex Engineers
  • Reifenhauserindia
  • Shyam Plastic Machinery
  • KraussMaffei Berstorff
  • Extrusion Technik USA, Inc.
  • TROESTER GmbH & Co. KG
  • Well Shyang Machinery (WSM)
  • W. Brabender Instruments Inc.
  • MITSUBA MFG. CO., LTD.
  • DEGUMA-SCHÜTZ GmbH

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Key Segments Covered:

By Machine Type:

  • Single-screw
  • Twin-screw

By Process Type:

  • Blown Film Extrusion
  • Sheet/Film Extrusion
  • Tubing Extrusion
  • Others

By Material:

  • PVC
  • Polypropylene (PP)
  • Polyethylene (PE)
  • Others

By Component:

  • ScrewDrivers
  • Heaters
  • Dies
  • Others

By Application:

  • Building and Construction
  • Medical
  • Transportation
  • Consumer Goods
  • Others

By Region:

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

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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.
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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Industrial Water Cooling Systems Market Poised to Exceed US$ 2,648 Million by 2032, Fueled by Steady 4.7% CAGR

The global industrial water cooling system market was on track to reach a valuation of US$ 1,673.1 million in 2022, with projections indicating a significant surge to US$ 2,648 million by 2032. This impressive growth trajectory is driven by a steady Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2032.

The driving force behind this growth is the increasing demand for water cooling systems, particularly in critical industries like food & beverage and pharmaceuticals. These sectors prioritize precise temperature control and efficient cooling processes, leading to a greater reliance on industrial water cooling systems. This surge in demand highlights the essential role these systems play in maintaining product quality and process integrity, paving the way for continuous market expansion.

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The historical growth trend of the industrial water cooling system market, with a CAGR of 3.8% from 2016 to 2021, underscores the enduring importance of water in various industrial sectors. Water serves as a fundamental chemical compound that finds application across a wide spectrum of industries, including manufacturing, power generation, and petrochemical sectors. Its versatility is evident in processes such as processing, fabrication, cooling, dilution, product transportation, cleaning, and as a highly efficient heat exchange medium.

Water stands as the paramount chemical compound essential across nearly all industrial sectors, encompassing manufacturing, power generation, and the petrochemical domain. Its multifaceted role spans processing, fabrication, cooling, dilution, product transportation, cleaning, and acting as a heat exchange medium.

However, the deployment of water for diverse industrial procedures renders it impure and elevates its temperature, necessitating efficient cooling to restore it to optimal operational levels for recycling and reuse. This is where industrial water cooling systems play a pivotal role in industrial contexts. Industries adopt an array of methods, including industrial-scale chillers, extensive cooling towers, and sophisticated heat exchangers, to address their water cooling needs and maintain operational efficiency.

Industrial Water Cooling System Market: Dynamics

The World Business Council for Sustainable Development (WBCSD) estimates reveal that approximately 22% of available water is allocated for industrial usage, with developed nations accounting for more than 55% and less developed countries utilizing around 7%. By 2025, an estimated 1,170 cubic kilometers of water will be consumed for industrial purposes.

Industrial Water Cooling System Market: Regional Overview

In the Asia Pacific region, the industrial water cooling system market is poised for rapid expansion due to robust industrialization in China, India, and Japan. North America and Western Europe markets are anticipated to grow at a moderate pace compared to the Asia Pacific region. This can be attributed to lower demand for cooling systems and the maturity achieved in terms of industrial development.

The burgeoning petrochemical industry in Latin America and the Middle East is expected to significantly contribute to higher revenue and enhance the market’s growth in these regions.

Key Players:

  • IWC (Pty) Ltd.
  • Cold Shot Chillers
  • Thermal Care, Inc.
  • Parker Hannifin Corporation
  • ThermoTek Inc.
  • G.I. Industrial Holding S.p.A.
  • Accudyne Industries
  • Heuch Pty. Ltd.
  • Rittal GmbH & Co. KG.
  • Freeze Co Systems, Ltd.
  • Hamon & Cie (International)
  • SPX Corporation
  • ENEXIO Management GmbH
  • Johnson Controls PLC
  • Berg Chilling Systems Inc.

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Key Segments:

By Product Type:

  • Dry Industrial Water Cooling Systems
  • Natural Draft Industrial Water Cooling Towers
  • Mechanical Draft Industrial Water Cooling Towers
  • Wet Industrial Water Cooling Systems
  • Industrial Water Condensers
  • Hybrid Industrial Water Cooling
  • Industrial Water Chillers
  • Industrial Heat Exchangers

By Application:

  • For Petrochemicals
  • For Pharmaceuticals
  • For Power Generation Plants
  • For Metal Working
  • For Food and Beverage
  • For Automotive
  • For Other Applications (HVACR etc.)

By Region:

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

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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.
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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Global Safety Instrumentation Systems Market Eyes US$ 6,947.3 Million by 2032, Fueled by Steady 5.4% CAGR, Predicts FMI

The global safety instrumentation systems market forecasted an impressive valuation of US$ 6,947.3 million by 2032. This marks a substantial progression from its 2022 value of US$ 4,123.3 million, driven by a robust Compound Annual Growth Rate (CAGR) of 5.4% over the forecast period.

The rising demand for safety instrumentation systems is closely tied to the evolving landscape of engineering, which is progressively embracing a multidisciplinary approach. As industries evolve into more intricate and interconnected ecosystems, there is an increasing imperative for engineers and technicians involved in the engineering process to possess a comprehensive understanding of the intricacies and implications of safety instrumentation systems. This heightened awareness and expertise play a pivotal role in ensuring the secure and efficient operation of industrial processes, establishing a crucial foundation for the future of global industrial safety.

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Safety instrumentation systems serve as the bedrock of protection in various industrial settings and automation systems. Their role is multifaceted, encompassing hazard identification, safety requirement specification, and the ongoing maintenance of systems and operations throughout a plant’s operational lifespan. By providing this protective layer of functionality, these systems contribute significantly to operational safety, risk mitigation, and regulatory compliance.

The escalating demand for safety instrumentation systems is intricately linked to the progressively multidisciplinary nature of the engineering landscape. This surge is propelled by the growing imperative for engineers and technicians engaged in engineering processes to cultivate a profound awareness of the intricate implications associated with the operation and design of safety instrumentation systems.

Safety instrumentation systems hold paramount importance in conferring a protective stratum of functionality across diverse industrial processes and automation systems. These systems play a pivotal role in hazard identification, stipulation of safety requirements, and the ongoing maintenance of both the system and its operations throughout the entire lifecycle of the plant. This comprehensive approach underscores the critical role of safety instrumentation systems in ensuring operational integrity and risk mitigation across industries.

Key Observations:

Elevated Demand for Safety Solutions: The escalating need for safety solutions stems from heightened concerns surrounding industrial safety and the imperative to avert mishaps. A mounting emphasis on workplace safety and regulatory adherence is propelling the expansion of the Safety Instrumented Systems (SIS) market.

Significant Role in Oil and Gas Sector: The oil and gas industry emerges as a primary consumer of SIS, expected to maintain its market dominance due to the inherent high risks associated with its operations.

Thriving in Emerging Markets: Emerging regions like Asia-Pacific and the Middle East are poised for substantial SIS market growth, fueled by burgeoning energy demand and industrial expansion within these geographies.

Interlinking SIS with Diverse Systems: The integration of SIS with various systems like process control and emergency shutdown systems is gaining paramount importance as companies endeavor to enhance overall plant safety.

Technological Progression: The advent of innovative technologies such as wireless sensor networks and advanced analytics is propelling SIS market growth, addressing the quest for more efficient ways to oversee and govern operational activities.

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Key Players:

Some of the leading players operating in the safety instrumentation systems market include Emerson Process Management (the U.S.), Rockwell Automation (the U.S.), Johnson Controls, Inc. (the U.S.), General Electric Company (the U.S.), Yokogawa Electric Corporation (Japan), OMRON Corporation (Japan), ABB Ltd. (Switzerland), and Tyco International Plc (Switzerland).

Key Segments in the Safety Instrumentation Systems Market:

By Type:

  • Safety Switches
  • Safety Sensors
  • Emergency Stop Devices
  • Programmable Safety Devices

By Product Type:

  • Emergency Shutdown System (ESD)
  • Safety Interlock System
  • Safety Shutdown System (SSD)
  • Fire and Gas Monitoring and control
  • Burner Management System (BMS)
  • Turbo Machinery and Control (TMC)

By Application:

  • Chemical
  • Oil and Gas
  • Pharmaceutical
  • Paper and Pulp
  • Metal and Mining
  • Wastewater Treatment
  • Food and Beverages
  • Power Generation

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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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.
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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FMI Predicts Safety Limit Switches Market to Surpass US$ 3.3 Billion by 2032, Riding on the Back of a Strong 6.1% CAGR

The safety limit switches market has already surpassed the US$ 1.8 billion mark in 2022 and is poised for further surge, reaching an estimated US$ 3.3 billion by 2032. This impressive journey is underpinned by a strong Compound Annual Growth Rate (CAGR) of 6.1%, highlighting the escalating significance and demand for these electromechanical devices.

At the core of this growth narrative is the rising demand for safety limit switches, driven by their distinctive functionality as electromechanical sensors seamlessly integrating with mechanical processes. These switches play a pivotal role in detecting and promptly responding to irregularities within sensor monitoring control systems. Their heightened sensitivity to deviations in mechanical operations stands as a paramount factor propelling the expansion of the safety limit switches market.

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Revolutionizing Industries: The Role of Safety Limit Switches

Safety limit switches stand as indispensable components across various industrial sectors, finding applications in packaging, garages, fire safety systems, food and beverages, and even within intricate domains like wood cutting. In the context of wood cutting, the challenges posed by airborne dust hinder visibility and precision. Operating machinery at high speeds amidst such an environment not only compromises accuracy but also jeopardizes safety.

Enter safety limit switches, serving as the pivotal solution within industries. These devices automate the inspection process, ensuring that wood cutting machinery attains the desired dimensions accurately. Crafted to meet the needs of manufacturing, these switches come in diverse models, including medium-duty, heavy-duty, and safety locking variations. In manufacturing settings, these switches play a crucial role in safeguarding personnel and equipment. For instance, during fire accidents or hazardous scenarios, limit switches detect anomalies and promptly trigger mechanisms to secure doors and mitigate potential risks.

This mechanical prowess is exhibited when a lever or knob is manipulated, closing doors swiftly and efficiently in response to safety concerns. In a world where precision, efficiency, and safety are paramount, safety limit switches emerge as the guardians of streamlined operations and personnel well-being.

Driving Forces and Emerging Trends in the Global Safety Limit Switches Market:

The dynamics within the global safety limit switches market are underscored by a confluence of influential factors. The surge in demand across diverse industries is a direct response to stringent government regulations that prioritize safety. Industries spanning automotive, manufacturing, metal, mining, plastics, and fire safety sectors are embracing safety limit switches with fervor, a move that significantly propels market expansion.

Within core industrial and manufacturing segments, the deployment of safety limit switches takes on heightened significance, particularly in hazardous environments where safety is non-negotiable. This growing emphasis on ensuring safety, coupled with the adoption of protective measures for industrial equipment, forms a pivotal driver behind the burgeoning safety limit switches market.

The backdrop of swiftly advancing technology, aligned with elevated industry benchmarks, further amplifies the adoption of safety limit switches. Their integration across diverse applications within respective industries bolsters the market’s robust growth trajectory. As safety and technological prowess converge, the safety limit switches market embarks on a journey of substantial expansion, reshaping safety norms and elevating industrial operations.

Key Players:

Examples of some of the market participants identified across the value chain include, Rockwell Automation, Idem, Scientific Technologies Inc., SICK, Schmersal India Pvt. Ltd., Schneider, OMRON,Honeywell,Siemens, Eaton,Technews Publishing (Pty) Ltd, Fuji,SUNS International,Micro precision, CHNT, DELXI, TER, Schmersal, ABB, and TURCK.

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Industry Segments:

By Product Type:

  • Compact limit switches
  • Precision limit switches
  • Enclosed limit switches
  • Limit switches for elevators
  • Plastic switches
  • Metal switches

By Technology:

  • Analogue
  • Open Bus

By End-Use:

  • Manufacturing
  • Fire and Safety
  • Oil & Gas
  • Food and Beverages
  • Power Generation
  • Metal and Mining
  • Others

By Regions:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • South Africa

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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.
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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FMI Predicts Pin Marking Machine Market to Surpass US$ 987 Million by 2032, Riding on a Steady 4.8% CAGR

The pin marking machine market is poised for significant growth, with a noteworthy Compound Annual Growth Rate (CAGR) of 4.8%, indicating a substantial increase to US$ 987 million by 2032 from its estimated value of US$ 618 million in 2022.

The escalating demand for pin marking machines is primarily driven by their unique capability to permanently inscribe identifying information onto various product components. This distinct functionality makes them indispensable across a wide range of industries, ensuring traceability and authenticity throughout the entire product lifecycle. Whether applied to metal or plastic parts, pin marking machines deliver rapid and high-precision dot imprints that remain visible and legible, even in challenging environmental conditions. The inherent qualities of permanence and durability embodied in these machines significantly contribute to the market’s burgeoning potential.

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Global Pin Marking Machine Market: Dynamics

Pin marking machine is driven by embossing permanent information to the parts of the products that gives them unique identification. Rapid and high-performance dot is achieved through pin marking on various metal and plastic part, which are visible throughout the product life cycle and it becomes easy to identify the related information about the embossed part thus gives pin marking machines market as a potential growth factor.

Pin marking machine are driven by the automotive industry owing to its robust use in embossing serial number and batch number on parts of the vehicle. Moreover, use pin marking machines over automotive parts helps during the theft of the vehicle, as the embossed writing cannot be changed or tampered and thus adds to another potential factor to the growth of global pin marking machine.

The application of pin marking machine in electronic is another driving factor to the growth of market owing to its extensive use in chips installed in laptops and mobile phone to mark the unique identification for each chip and gives brief information about the manufacturing series.

The air pressure in pneumatic pin marking machine allows deeper and smoother looks at a much faster speed which are required for airplane parts as well agriculture machinery as the metal get corrosive during its life cycle which later can be identified easily.

The machine can be used on various metals such as iron, brass, copper, as well as plastic are some factors that support the growth of the pin marking machine market. The application of pin making is also observed in logistic industries and construction equipment that gives the product permanent identity.  The growth of laser marking in automotive and manufacturing industries possesses major threat to the pin marking machine market.

Global Pin Marking Machine Market: Prominent Players

  • Kwik Mark Inc.
  • Mecco Partners LLC
  • Gravotech Group
  • SIC Marking, Inc.
  • Telesis Technologies, Inc.
  • Gravotech Engineering PVT Ltd
  • Edward Pryor & Son Ltd
  • Ostling Marking Systems (SEA) Pte. Ltd.
  • Pannier Corporation
  • Nichol Industries Pty Ltd.

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Key Segments:

By Pin Marking System:

  • Single pin marking
  • Dual pin marking
  • Multiple pin marking

By System:

  • Handheld system
  • Bench-top system
  • Integration system
  • Combo system

By Technology:

  • Pneumatic
  • Electromagnetic

By End-Use:

  • Automotive
  • Electronics
  • Aerospace
  • Oil & gas
  • Agriculture machinery

By Region:

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

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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.
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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Global Seam Welding Machine Market Primed to Surpass US$ 2,055.5 Million by 2032, Sustained by Steady 3.8% CAGR, Forecasts FMI

The global seam welding machine market is poised for substantial growth, with a notable Compound Annual Growth Rate (CAGR) of 3.8% forecasted from 2022 to 2032. This consistent upward trajectory is anticipated to elevate the market’s value from US$ 1,415.6 million in 2022 to an impressive US$ 2,055.5 million by 2032.

This remarkable growth is propelled by various factors, primarily driven by increasing demand across diverse end-user industries. Sectors such as construction and infrastructure, consumer durable goods, and transportation play pivotal roles in fueling the seam welding machine market to unprecedented levels. Notably, the construction and infrastructure sector are experiencing a significant uptick in the adoption of these machines, further amplifying their demand.

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The expansion of the seam welding machine market is being driven by the rising demand from end users in the building and infrastructure, consumer durables, and transportation industries. Additionally, it is anticipated that through 2032, there will be a growth in the usage of seam welding machines in the construction and infrastructure sectors as well as increased demand for new cars and aeroplanes.

The seam welding equipment produces a weld that is incredibly durable. This machine may produce a perfectly welded junction that is stronger than the material from which it was made. As a result, this element is driving the market share of seam welding machines.

As long as the technique and the seam welding machine are profitable, the market for seam welding devices is expected to expand. But with this apparatus, welding is only feasible along a predetermined curve or line. Welding becomes challenging when sheets that need to be put together are thicker than 3 mm, which limits the market growth for seam welding machines.

Additionally, due to the disc-shaped electrodes’ inability to apply the necessary consistent pressure, this machine cannot weld obstruction-causing metal sheets with uneven surfaces. Respiratory issues brought on by welding coated metals and steels pose another difficulty for the market for seam welding machines.

What are the Restraining Factors in the Seam Welding Machine Market?

The following are some of the limitations or disadvantages of seam welding machines, which are likely to restrain the market growth.

  • Limited weld lines: Since seam welding apparatus consists of rollers, only straight line or uniformly curved line welds are possible.
  • Thickness limitations: There are limitations when it comes to the thickness of the sheets as seam welding can become quite cumbersome when the thickness of a single sheet is more than 3mm.

These factors are projected to affect the sales of seam welding machine during the forecast period.

Key Players Profiled:

  • Spiro International
  • Cantec
  • Branson Ultrasonics
  • Leister Technologies
  • Jet Line Engineering
  • Koike
  • Dahching Electric Industrial
  • Franzan
  • Miller Weldmaster
  • Schnelldorfer Maschinenbau

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Key Market Segments in the Seam Welding Machine Market:

By Mode:

  • Intermittent Seam Welding
  • Continuous Seam Welding

By Product Type:

  • Manual Seam Welding Machine
  • Semi-Automatic Seam Welding Machine
  • Automatic Seam Welding Machine

By Wheel-Contact:

  • Wide wheel seam
  • Narrow wheel seam
  • Consumable wire seam welding
  • Mash seam welding
  • Foil butt seam welding

By End-Use Industry:

  • Industrial
  • Automotive Industry
  • Oil and Gas
  • Construction Industry
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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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.
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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Global Vision Guided Robots Market Set to Soar to US$ 27,238.3 Million by 2032, Driven by a Robust 7.8% CAGR, Reports FMI

The global vision guided robots market is set to experience a Compound Annual Growth Rate (CAGR) of 7.8% throughout the forecast period. By 2032, it is anticipated to achieve a significant valuation of US$ 27,238.3 million, reflecting substantial growth from its 2022 value of US$ 12,810.0 million.

This exceptional growth is driven by a convergence of factors, primarily fueled by the rising demand for vision-guided robots. Renowned for their remarkable adaptability and continuous innovation, these robots are becoming indispensable across various industries. Leveraging their superior operational flexibility, vision-guided robots play a pivotal role in enhancing production efficiency, leading to widespread adoption across industries and contributing to the expansion of the vision-guided robot market.

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Catalyzing Manufacturing Transformation: Vision-Guided Robots Reshaping Industry Dynamics

In the realm of manufacturing, vision-guided robots are orchestrating a profound transformation, streamlining operations by dismantling the complexities and cost burdens associated with fixed tooling setup and robot design. This paradigm shift is not only driving efficiency but also redefining the economics of manufacturing.

The accelerated trajectory of the vision-guided robots market is inherently intertwined with the inevitable march toward automation. This inexorable trend is fueled by a convergence of factors that span the entire industrial landscape. Key players in the market are attuned to the shifting paradigm of labor safety standards, which are undergoing rigorous evolution. The deployment of robots in perilous environments is rendering them invaluable substitutes for human intervention, particularly in situations fraught with hazards like rough terrains or the handling of dangerous substances.

However, as with any transformative journey, the vision-guided robots market encounters certain constraints. The initial high costs associated with setup stand as a significant deterrent, compounded by the intricacies of integration. These challenges, though surmountable, warrant meticulous consideration. Additionally, the landscape is punctuated by the emergence of novel robotic technologies and heightened competition. These factors, while indicating progress, also pose potential headwinds that may temper the demand for vision-guided robots in the foreseeable future.

Insights from the Vision-Guided Robots Market:

  1. Dominance in North America: The largest slice of the vision-guided robots market belongs to North America. This commanding position finds its roots in the rapid integration of automation within the manufacturing sector, underscoring the region’s commitment to innovation and operational excellence.
  2. European Advancements: Across Europe, organizations are harnessing the potential of vision-guided robots, seamlessly weaving them into their production landscapes. Particularly in the oil & gas sector, where safety and precision are paramount, the adoption of vision-guided robots is becoming intrinsic to ensuring efficient and secure operations.
  3. Asia-Pacific on the Horizon: As we cast our gaze toward the horizon, the Asia-Pacific region is poised to surge ahead in the forecast period. The momentum is building, driven by an escalating interest in embracing the capabilities of vision-guided robots. This shift reinforces the region’s dedication to staying at the forefront of technological innovation and redefining industry norms.

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Key Players:

  • ABB Ltd.
  • Basler AG
  • Cognex
  • Denso Corporation
  • Fanuc Corporation
  • ISRA Vision
  • Omron Corporation
  • Pleora Technologies Inc.
  • Universal Robots AS
  • Yaskawa Electric Corporation.

Market Segmentation:

By Component:

  • Hardware
  • Software
  • Services

By Type:

  • 2D – Vision System Robots
  • 3D – Vision System Robots

By Industry Vertical:

  • Automotive
  • Electrical and Electronics
  • Aerospace & Defense
  • Other

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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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.
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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FMI Anticipates Global Rubber Extruder Market Surging to US$ 4,021.5 Million by 2032, Fueled by a Solid 5.3% CAGR

The global rubber extruder market is on track for significant expansion, with a projected market value of US$ 4,021.5 million by 2032, as reported by industry experts at Future Market Insights (FMI). Starting at US$ 2,399.5 million in 2022, the market is expected to experience a robust Compound Annual Growth Rate (CAGR) of 5.3% throughout the forecast period.

The remarkable growth in the rubber extruder market is fueled by several key factors, notably driven by the introduction of innovative and novel rubber products. This surge in innovation has opened up new avenues and applications for rubber extrusion technology, generating widespread interest across diverse industries.

One significant contributor to this growth is the automotive manufacturing sector, which exhibits a strong demand for rubber extruders. As the automotive industry expands continuously, there is a corresponding increase in the need for high-quality rubber components and products. Furthermore, heightened consumer awareness regarding the importance of vehicle comfort is prompting manufacturers to develop inventive rubber solutions that not only enhance comfort but also meet demands for fuel efficiency and superior performance.

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Driving Forces and Industry Dynamics: Elevating the Rubber Extruder Market

In the dynamic realm of business, the rubber extruder market is poised to surge ahead over the forthcoming forecast period. This propulsion owes much to its formidable drivers, with the advent of innovative rubber products at the forefront. This trajectory, however, is illuminated by a constellation of supplementary factors, each wielding its influence to amplify the demand for rubber extruders.

One such factor is the resounding crescendo in the automotive manufacturing industry. This symphony plays out across both emerging and developed regions, infusing the market with vigor. The insatiable appetite for rubber extruders is harmonized by the growing consumer consciousness about comfort, thus forging an inseparable link between demand and product enhancement.

Notably, the automotive sector is attuned to the melodic cadence of consumer demands for fuel efficiency and peak performance. This virtuoso performance is orchestrated by manufacturers who wield the wand of innovation, crafting rubber products that cater to these exacting desires.

Key Takeaways:

  1. Innovation Driving Demand: Novel rubber products fuel market growth through creative solutions.
  2. Auto Industry Surge: Robust automotive manufacturing bolsters extruder demand globally.
  3. Consumer Comfort Matters: Rising awareness of comfort drives rubber extruder adoption.
  4. Performance-Centric Solutions: Manufacturers meet demand for efficient, high-performance vehicles.

Navigating the Competitive Horizon in the Rubber Extruder Market:

In the dynamic realm of the rubber extruder market, a constellation of industry stalwarts prominently emerges. Among them, G. Engineering Works, KraussMaffei Berstorff, and SANTOSH RUBBER MACHINERY PVT. LTD. stand resolute, shaping the market’s trajectory. Barwell Global Ltd., Alchemy Engineers, and Slach Hydratecs Equipment Pvt Ltd. further fortify this landscape, their influence resonating across borders.

As industry behemoths, TROESTER GmbH & Co. KG, Well Shyang Machinery (WSM), and Zenith Worldwide orchestrate a symphony of market dominance through their expansive reach and pioneering product suites. Notably, MITSUBA MFG. CO., LTD. and DEGUMA-SCHÜTZ GmbH complete this ensemble, their contributions punctuating innovation.

Within this competitive canvas, a strategic interplay emerges. Market dominators leverage their global footprint, interwoven with innovative offerings, to orchestrate the market’s growth. Responding to eco-conscious consumer preferences, manufacturers pivot toward achieving elevated fuel efficiency. Collaborations with OEMs thrive, birthing automotive-specific products that align with evolving demands. At the forefront of this virtuoso performance, Japan Steel Works, Ltd. leads the charge. Its innovation prowess yields superior quality and energy-efficient marvels, epitomizing the industry’s pursuit of excellence.

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Market Segmentations:

By Product Type:

  • Cold Feed
  • Hot Feed
  • Others

By Component:

  • Screw Drives
  • Heaters
  • Dies
  • Others

By End-User:

  • Automotive
  • Consumer Goods (Foot Wear)
  • Belt Conveyors and Transmission Belts
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

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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.
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 Spiral Freezer Market on Track to Hit US$ 6,089.1 Million by 2032, Riding on the Back of Strong 4.6% CAGR, Reports FMI

The global spiral freezer market is poised for robust expansion, with a forecasted Compound Annual Growth Rate (CAGR) of 4.6% throughout the forecast period. Starting at an initial value of US$ 3,884.2 million in 2022, the market is primed for significant advancement, projecting a substantial increase to US$ 6,089.1 million by 2032.

The rapid adoption of spiral freezers stems from their exceptional capability to swiftly preserve food items. Their ability to prevent crystallization effectively ensures the quality of frozen products remains intact. Widely recognized for their versatility, spiral freezers have become essential equipment across various industry sectors. They facilitate prompt cooling and freezing of items, whether processed individually or in batches, thereby addressing the escalating demand for efficient and high-quality freezing solutions across diverse industrial applications.

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Spiral freezers are operated using mechanical conveyor system and pass food through continuous freezing processes. It cuts down the space around the belt and gives access to the parts. Spiral Freezers are designed in such a manner to improve the supply of crytogen thus maintaining food quality. The structural efficiency makes it easy to freeze and chill. Their construction of the spiral freezer depends on the specific installation, but they are good option where floor space is minimum as they utilize vertical space in a better manner as compared to other freezing systems that consume vast amount of space.

Spiral freezer machines can be easily assembled and disassembled.The machinery used for spiral freezing is specifically designed to maximize efficiency in that particular production line. Spiral freezers provide consistent cooling without harming the quality of products stored. This makes spiral freezers lesser accessible and slightly difficult to work with.

Regional Outlook:

Regarding geography, spiral freezers market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa.  The consumers’ trends are changing in the region which is influenced by the growing retailers generating the attractive and likewise innovative sale formats. The retailers’ now-a-days keeps first-hand knowledge on preferences and purchase habits of the consumers which they transmit to the upper stream of manufacturers in the supply chain.

This flow of generated information through retailers to the manufacturers call for the need of rapid cooling and refrigeration. Thus, the spiral freezer manufacturer has to strategize their business through consumer insights and responses, the regional shift in the eating habits and penetration of modernizing food products such as fast food, etc. The most advanced refrigerated food processing lines are now faster and more enhanced, and are occasionally controlled by completely automated systems with almost no human supervision in field There is an increasing requirement for specialized systems and components to grant reliability, efficiency, fast maintenance, flexibility, productivity – key requisites for today’s deep-freezing technology.  Spiral freezers are cost efficient

The Regional Analysis Includes:

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

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

Spiral Freezer Market: Key Players

  • Mayekawa
  • Linde Gas
  • Advanced Equipment Inc.
  • GEA
  • RMF
  • Van Abeelen
  • CES NV, among others

Key Segments:

By Type:

  • Small Capacity
  • Medium Capacity
  • Large Capacity

By Application:

  • Meat Processing
  • Seafood & Fish
  • Bakery Products
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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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.
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 Swab and Viral Transport Medium Industry Envisaging a Noteworthy US$15.60 Billion by 2033 with 5.8% CAGR | FMI

In a groundbreaking market analysis conducted by Future Market Insights Inc. (FMI), the Global Swab and Viral Transport Medium Industry is on the brink of unprecedented growth, with a projected value exceeding US$8.86 billion in 2023. FMI’s forecast, infused with insightful market intelligence, anticipates a robust 5.8% Compound Annual Growth Rate (CAGR), catapulting the industry to a substantial value of US$15.60 billion by 2033.

The surge in demand for swabs and viral transport mediums is directly linked to the ongoing global fight against the COVID-19 pandemic. Research facilities and laboratories worldwide have intensified their efforts to develop and produce COVID-19 vaccines, driving an unprecedented need for products tailored for viral collection, preservation, and cultivation. This heightened demand has not only created an imperative for innovation but has also opened avenues for businesses to enhance their product offerings, contributing significantly to the market’s expansion.

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Companies in the swab and viral transport medium business are producing inventive kits with vials, double-ended flocked swabs, medications, and other items that avoid bacterial or fungal contamination. They are concentrating on a better solution formulation to stop the growth of bacterial and fungal flora. The market is expanding owing to new viral transport medium solutions.

An additional element fueling the market expansion is the rise in the number of novel viruses that have the potential to infect humans and cause a variety of illnesses. According to an article in Nature from 2021, certain respiratory viruses are resurfacing in unexpected ways as pandemic limitations loosen. Infections with the respiratory syncytial virus (RSV), which accounts for 5% of all pediatric fatalities globally, began to rise in April 2021. As a result of the increased need for specimen collection kits and diagnosis, the prevalence of additional infectious illnesses is predicted to propel market expansion.

Manufacturers are creating viral transport mediums for influenza diagnostics as the flu season gets underway. Healthcare in Western nations is extremely concerned about influenza-related morbidity and death. To provide swabs and viral transport mediums, manufacturers are expanding their research and development capabilities. Manufacturers are also starting to recognize the advantages of online pharmacies over hospitals and retail pharmacies. To increase their revenue sources, they are working with established e-commerce companies.

Owing to its highly developed medical infrastructure and high frequency of infectious illnesses, North America is predicted to dominate the global market during the forecast period. During the pandemic, North America saw a spike in laboratory testing, which fueled the market expansion. The market is also growing significantly due to the existence of biopharma businesses, a large number of labs, and research studies on viral infection.

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Global Swab and Viral Transport Medium Industry Key Takeaways

  • The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.9% through 2033.
  • The United States is expected to develop at a 6.1% CAGR during the forecast period.
  • With a CAGR of 4.0% 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 7.7% over the forecast period.
  • Germany is estimated to grow decently registering a CAGR of 6.7% until 2033.

Global Swab and Viral Transport Medium Industry Competitive Landscape

Top players operating in the Global Swab and Viral Transport Medium Industry are McKesson Corporation, Cardinal Health Inc., Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Quidel Corporation, COPAN Diagnostics Inc., VIRCELL S.L., Deltalab, Titan Biotech Ltd., Medical Wire & Equipment, and others.

These market players are always inventing and creating new products to suit the various requirements of diagnostic laboratories and research institutions. They are enhancing the design and components used in swabs to enhance their collection efficacy. They are also developing transport mediums that can hold viral specimens for extended periods without compromising their vitality. Additionally, to improve the stability and accuracy of diagnostic samples, they are also combining advanced technologies.

Global Swab and Viral Transport Medium Industry Recent Developments

  • In June 2022, Zipline and Cardinal Health announced the start of long-distance drone deliveries in North Carolina.
  • In May 2020, in several pharmacies across the United States, Health Mart® pharmacies announced that they would provide free COVID-19 test collection. Health Mart is dedicated to creating cutting-edge public and private collaborations as a member of the McKesson Corporation to assist address the COVID-19 epidemic.

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Other Key Players Operating in the Global Swab and Viral Transport Medium Industry

  • Thermo Fisher Scientific Inc.,
  • Quidel Corporation,
  • COPAN Diagnostics Inc.,
  • VIRCELL S.L., Deltalab,
  • Titan Biotech Ltd.,
  • Medical Wire & Equipment

Global Swab and Viral Transport Medium Industry by Category

By Product:

  • Viral Transport Medium
    • Tissue Culture Medium
    • Glycerol Transport Medium
  • Virus Swabs
    • Nasopharyngeal Swabs
    • Deep Nasal Swabs
    • Combined Nasal & Throat Swabs
    • Culture Swabs
    • Vaginal Swabs

By Application:

  • Influenza
  • Respiratory syncytial virus
  • Mumps Virus
  • Adenovirus
  • Rhinovirus
  • Herpes Simplex Virus
  • Varicella-Zoster Virus
  • Other Indication

By End User:

  • Hospitals & ASCs
  • Specialty Clinics
  • Diagnostic Laboratories
  • Others

Author

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.

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.
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