Global Botanical Flavors Market Awaits a Blooming Valuation of US$ 18,871 Million by 2033, Surging with an 8.6% CAGR

The botanical flavors market is predicted to develop at an impressive 8.6% CAGR from 2023 to 2033, exceeding the lower 2.9% CAGR witnessed between 2018 and 2022. This significant rise in growth rate reflects high global demand and acceptance of botanical flavors, increasing the market value from US$ 8,233.6 million in 2023 to US$ 18,871 million by 2033.

The botanical flavors market is expanding rapidly and offers several prospects to industry participants. The growing customer desire for natural and organic flavors in the food and beverage industry is driving the market. The growing desire for distinctive and exotic flavor profiles drives the demand for botanical flavors. Furthermore, the increased emphasis on health and well-being has led customers to investigate plant-based flavor options, promoting market growth.

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Certain constraints, however, must be considered. The high cost of extracting and processing botanical flavors is a barrier to their acceptance, particularly in price-sensitive markets. Regulatory limits and the complications associated with getting natural flavor certificates are significant obstacles for industry participants.

The availability of synthetic flavor alternatives and the potential of counterfeit botanical components are two threats in the Botanical Flavors Market. Competition from synthetic flavors, which are frequently less expensive, may have an influence on demand for botanical flavors. Furthermore, botanical component adulteration and misrepresentation endanger the market’s reputation and customer confidence.

The botanical flavors market offers several opportunities. Product innovation, such as the creation of innovative flavor combinations and mixes, enables businesses to appeal to a wide range of consumer tastes. Exploring unexplored markets, domestically and globally, provides development potential, particularly in places where natural and clean-label products are in high demand. Collaboration with botanical suppliers and research institutes allows greater access to a broader range of botanical substances, improving product options.

The botanical flavors market offers significant development potential. Industry participants may capitalize on the increased demand for natural and distinctive flavor experiences, driving market development by solving cost difficulties, maintaining regulatory compliance, and limiting the hazards associated with synthetic flavors and component adulteration.

Key Takeaways

  • In the United States, the market recorded a value share of 27.8% in 2022.
  • The United Kingdom is predicted to develop at 8.5% CAGR by 2033, owing to rising consumer desire for natural and plant-based flavor alternatives.
  • India is expected to develop at a CAGR of 9.9% by 2033, owing to the country’s rich botanical heritage and the need for authentic and distinctive taste sensations.
  • The Australian market saw a moderate value share of 2.2% in 2022, showing a constant demand for botanical flavors in the region’s food and beverage industry.
  • Japan’s market grew at a value share of 4.1% in 2022.

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Competitive landscape:

The botanical flavors market is marked by fierce rivalry among major competitors. Givaudan, Firmenich, International Flavors & Fragrances Inc. (IFF), Symrise, and Sensient Technologies Corporation are some of the market’s major rivals. These firms have established themselves as industry leaders and provide a diverse range of botanical flavor solutions for a variety of applications.

They prioritize product innovation, research and development, and strategic relationships to stay competitive. Smaller regional and local firms also contribute to the competitive scene, delivering unique botanical flavors to certain consumer groups. With rising demand for natural and clean-label flavors, competition in the Botanical Flavors Market is projected to heat up as players compete for a greater market share.

Recent Developments:

  • Givaudan As a world leader in botanical flavors, Givaudan has been extending its line of natural and organic flavors derived from botanical sources. They provide botanical flavor solutions for a variety of applications, such as drinks, confectionery, and dairy goods.
  • Firmenich has actively participated in the development of novel botanical flavors with an emphasis on sustainability and traceability. They cater to the demands of the food and beverage industries by offering a varied selection of natural and clean-label flavors produced from plant extracts.

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Key Segments Profiled in the Botanical Flavors Industry Report

Botanical Flavors Market by Extraction:

  • Fruits
  • Leaves
  • Seeds
  • Barks
  • Other (Herbs and Roots) Sources

Botanical Flavors Market by Form:

  • Solid Botanical Flavors
  • Fluid Botanical Flavors
  • Powdered Form Botanical Flavors

Botanical Flavors Market by Application:

  • Botanical Flavors for Food
  • Bakery
  • Dairy
  • Savory
  • Confectionery Products
  • Botanical Flavors for Beverages
  • Alcoholic
  • Non-alcoholic
  • Botanical Flavors for Personal Care Industry
  • Cosmetics
  • Hair Care
  • Skin Care Products

Botanical Flavors Market by Region:

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

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

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Global Intelligent Prosthetics Market Set for Explosive Growth, Reaching US$ 1,437.6 Million by 2033

Intelligent Prosthetics Market
Intelligent Prosthetics Market

The global intelligent prosthetics market is on track for exceptional growth, with a recent study projecting its value to reach a staggering US$ 1,437.6 million by 2033. This translates to a remarkable compound annual growth rate (CAGR) of 6.1%. This positive outlook follows a strong year for the industry. The study anticipates the market to reach US$ 791.5 million by the end of 2023, signifying significant growth from previous years.

Lower extremity prosthetics are poised to remain the dominant segment within the market, capturing a substantial share of approximately 64.4% in 2022. This dominance highlights the industry’s commitment to developing innovative intelligent prosthetic solutions that improve mobility and overall quality of life for individuals.

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The projected growth trajectory of the intelligent prosthetics industry signifies a monumental leap forward in innovation, driven by cutting-edge technologies and a commitment to improving the lives of those in need. The steady evolution of this industry promises a future where individuals with limb loss or impairment will have access to increasingly sophisticated and tailored prosthetic solutions.

India, for instance, is one of the world’s most highly populated countries. Merely 3% of its buildings have been equipped with accessibility, whereas the country has a total of +50,000 amputees. Due to the new adaptation process, amputees also fall victim to many injuries.

An increasing number of amputees and their susceptibility to injuries have been surging the demand for intelligent prosthetics in emerging countries like India. Amputations are also caused by surging cases of vascular diseases and trauma and aging populations. These statistics are expected to increase across the world.

Countries like the United States are expected to observe nearly double the cases of amputees by 2050. Consequently, pushing the demand for intelligent prosthetics. High-income levels of American residents and the well-established medical sector are also expected to have a positive influence on the region.

In March 2020, the University of Michigan, in its publication of Science Translational Medicine, documented a new way of incorporating this technology with several varieties of prostheses. Thus, helping the market advance over the forecast period.

Top Highlights from the FMI’s Analysis of the Intelligent prosthetics industry:

  • Due to intelligent prosthetics’ well-established market in North America, the region’s stake ranks at the top. FMI has estimated that the regional market is expected to acquire 40.6% in 2022.
  • In North America, the United States is projected to gain a terrific share over the forecast period. The country’s share on the global scale has been assessed to be 34.7% in 2022.
  • The Europe region is another dominant region with a share of more than 30% over the forecast period. Also, manufacturers have already pounded on the business opportunities present in the region. The estimated trend is expected to witness the same ongoing trend.
  • Germany’s sizeable share in the region is heavily influencing the region’s value share. In 2022, Germany’s market occupied a 6.9% value share.
  • Japan’s market is expected to accrue a market share of above 4% in 2023.
  • China is expected to gain a notable CAGR of 8.1% over the forecast period.
  • From 2023 to 2033, India’s market is projected to register a CAGR of 6.5%.
  • Australia’s CAGR is estimated to be 5.4%; meanwhile, the United Kingdom’s CAGR is projected to be 4.8%.
  • Based on product, the lower extremity prosthetics segment accounted for 64.4% in 2022.
  • Under the distribution channel category, the prosthetic clinics segment gained a market share of 43.1% in 2022.

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Leading Companies in the News:

  • ISRO made a smart artificial limb in September 2023 that enables above-knee amputees to move about in a comfortable gait. The artificial limb is equipped with 1.6 kg MPK that supports an amputee to walk 100 meters in the corridor with the least amount of support. The “microprocessor-managed knees” (MPKs) provide the amputee capacity in comparison to passive limbs that don’t deploy microprocessors.
  • Ecole Polytechnique Federale De Lausanne research institute in Switzerland made a prosthetic hand that employs artificial intelligence to get used to the user’s finger movement and improves amputee comfort.
  • The Massachusetts Institute of Technology created an intelligent prosthetic in 2018. The product was made with the user-body weight and at a cost-friendly price for amputees within the United States.

Key Companies Profiled:

  • Sarcos Technology and Robotics Corporation
  • Ktwo Healthcare Pvt. Ltd.
  • Touch Bionics Inc.
  • HDT Global
  • SynTouch, Inc.
  • Artificial Limbs & Appliances
  • Ottobock
  • Ossur Americas
  • Blatchford Group
  • Manta Product Development

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Key Market Segments Covered in Global Intelligent Prosthetics Market Industry Research:

By Product:

  • Upper Extremity
  • Lower Extremity

By Distribution Channel:

  • Hospitals
  • Prosthetic Clinics
  • Rehabilitation Centre
  • Others

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   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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sales@futuremarketinsights.com
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Metal Bellow Market Set to Soar: Projected CAGR of 6.4% from 2024 to 2034

Metal Bellow Market
Metal Bellow Market

The metal bellow market is estimated to be worth US$ 2,455.3 million in 2024, with a projected Compound Annual Growth Rate (CAGR) of 6.4% from 2024 to 2034. By 2034, the global metal bellow market is expected to reach US$ 4,564.7 million.

The metal bellows offer a high number of advantages instead of non-metallic bellows. Thus, there is a huge increase in demand for metal bellows on an international scale. Metal bellows are used in various industrial applications like pipe junctions for sealing tapering pipes or joiners, where elongations are expected on the contraction side of the vessel. Furthermore, metal bellows are being used as the flexible sealing components of the vacuum technology as well. The two mainly areas in which the product is utilized are in vacuum valve stem seals and vacuum sealing.

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Bellows come through as ‘flexible seats’, mainly due to the fact that they have a pretty predictable spring rate due to elasticity. The manufacturing sector couldn’t be imagined without bellows, especially in flexible joints, vacuum seals, accumulators, and likewise. Welded bellow holds the largest market share due to better spring rate, resistance against chemicals, leak rate stroke, and likewise.

Metal bellows are capable of easily absorbing thermal and mechanical movement, and have a longer life-span. They are well-known for safeguarding against higher temperature. The tensile strength possessed by metal bellows is unparalleled. Those dealing with pipe joints prefer metal bellows as they help in curbing movement caused due to equipment movement, thermal fluctuation, and pressure pulsation or vibration.

Metal bellows are being preferred in traditional boilers, expansion joints, gas turbines, fuel gas duct systems, mechanical seals, thermal expansion tanks, engine exhaust systems, and steam turbines.

At the same time, it needs to be noted that metal bellows are not conducive to the food & beverage vertical, basically due to the fact that the convolutions of bellows result in bug traps, which is actually tough to clean at the time of operational processes. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Metal Bellows Market’.

Key Takeaways from Metal Bellows Market

  • North America holds a significant market share and is expected to continue with the winning streak even in the forecast period. This could be attributed to an increasing usage of metal bellows by the aerospace and defense vertical.
  • Europe is expected to witness steadiness in the metal bellows market due to rising demand for welded bellows in marine and aerospace industries. Italy and Germany lead from the front. As per Germany Trade and Invest, the second biggest sector all across Germany is the machinery and equipment one.
  • The Asia-Pacific is expected to grow at the fastest rate in the metal bellows market. This could be reasoned with spike in demand for metal bellows in power & energy, military & defense, automotive, aerospace, and petrochemical vertical. Indian Automobile Manufacturers have mentioned that passenger vehicles’ trade did increase by ~2% in the year 2019.

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Trends and Predictions for the Future of Metal Bellow Industry

  1. Expansion of End-Use Industries: With the continuous growth of industries such as aerospace, automotive, oil & gas, and semiconductor manufacturing, the demand for metal bellows is expected to surge. These industries rely on metal bellows for applications like pressure sensing, vibration absorption, and sealing solutions.
  2. Advancements in Material Science: Ongoing developments in material science are likely to lead to the introduction of new alloys and composites with enhanced properties such as durability, corrosion resistance, and flexibility. This will expand the application range of metal bellows across various industries.
  3. Increased Focus on Customization: As industries demand more tailored solutions to meet specific requirements, manufacturers will increasingly focus on providing customizable metal bellows. This trend is driven by the need for precise engineering and compatibility with unique operating conditions.
  4. Rise in Automation and Robotics: The growing adoption of automation and robotics in manufacturing processes necessitates reliable motion control systems. Metal bellows play a crucial role in these systems by providing precise motion control, which is essential for maintaining accuracy and efficiency.
  5. Emphasis on Sustainability: Environmental concerns and regulatory pressures are prompting manufacturers to explore sustainable materials and production processes. This shift towards sustainability is expected to influence the metal bellow industry, leading to the development of eco-friendly materials and energy-efficient manufacturing techniques.
  6. Integration of IoT and Sensor Technology: With the increasing integration of Internet of Things (IoT) and sensor technology, metal bellows are likely to become smarter and more connected. This integration enables real-time monitoring of performance parameters, predictive maintenance, and remote diagnostics, enhancing overall system reliability and efficiency.
  7. Globalization of Supply Chains: The metal bellow industry is witnessing a trend towards globalization of supply chains, driven by factors such as cost optimization, access to new markets, and strategic partnerships. This globalization trend is expected to reshape the competitive landscape and drive innovation in manufacturing processes and distribution networks.

Competitive Landscape

  • MW Industries, Inc., in June 2018, completed acquisition of the US-based Bellowstech (manufacturing edge welded metal bellows). The former makes provisions for springs, fasteners, and various critical components to cater to aerospace applications. It’s important to note that the company is ISO 9001-certified regarding components.
  • FlexEJ, in April 2022, did complete designing and fabricating an entire batch comprising metal expansion joints for a manufacturer of pharmaceuticals based out of the UK.
  • FlexEJ, in September 2021, completed acquisition of Safetech (a leading manufacturer of rubber bellows).
  • MW Industries, Inc., in 2018, acquired Ameriflex, Inc. (a prominent manufacturer of precision metal bellows, flanges, flexible metal hose, and various other products).

“In spite of metal bellows being subject to strict regulations, the end-users prefer them due to the advantages offered over their counterparts. This factor is expected to boost the metal bellows market in the near future”, says an analyst from Future Market Insights.

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Global Metal Bellows Industry by Category

By Product Type:

  • Formed
  • Electroformed
  • Welded

By Material:

  • Titanium Alloys
  • Stainless Steel Alloys
  • Nickel Alloys
  • Others

By End-Use Industry:

  • Aerospace & Defence
  • Automotive
  • Power Generation
  • Water Treatment
  • Oil & Gas Refining
  • Heavy Manufacturing
  • Light Manufacturing
  • Others

By Application:

  • Conventional Boilers
  • Gas Turbines
  • Fuel Gas Duct Systems
  • Engine Exhaust System
  • FCCU’s
  • Steam Turbines
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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
LinkedInTwitterBlogs | YouTube

Ceramic Barbecue Grill Market: Projected to Reach a Total of Around US$ 1,355.1 Million by 2033

Ceramic Barbeque Grill Market
Ceramic Barbeque Grill Market

The global ceramic barbecue grill market is projected to reach a value of US$ 915.5 million in 2023. Steady growth in demand for ceramic barbecue grills is expected, driven by the increasing popularity of outdoor recreational activities. Furthermore, the proliferation of new bars, restaurants, fast-food establishments, and the recognized health advantages of grilled food are anticipated to boost sales of ceramic barbecue grills.

The overall demand for ceramic barbeque grills is projected to record a CAGR of 4% between 2023 and 2033, totaling around US$ 1,355.1 million by 2033.

The market for ceramic BBQ grills is positioned for a promising future. The market’s expansion can be ascribed to several reasons, including this increase. Demand for premium grilling supplies, such as ceramic barbecue grills, has increased due to customers’ growing preference for outdoor cooking.

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People now favor better cooking techniques, including grilling, as a result of rising health consciousness, which increases demand for ceramic grills. Cooking fans have paid close attention to ceramic grills because of their versatility, which enables a variety of cooking methods, from grilling to smoking, baking, and roasting. These elements may cause the ceramic barbeque grill industry to expand steadily, creating new business chances for producers and merchants.

Key Takeaways

  • The ceramic barbecue grill market in the United States exhibits a stable growth rate of 3.0%, demonstrating ongoing customer interest and demand.
  • The ceramic barbecue grills market shows a moderate growth rate in Germany of 2.0%, indicating a consistent and enduring market presence.
  • With a healthy growth rate of 4.4%, Japan stands out as a serious contender, which reflects the rising popularity of ceramic barbecue grills among Japanese customers.
  • Australia has a promising growth rate of 4.8%, which suggests that the market for ceramic barbecue grills there is thriving.
  • With a remarkable growth rate of 5.0%, China outpaces the competition, demonstrating a sharp increase in consumer demand for and use of ceramic barbecue grills in China.
  • The market for ceramic barbecue grills is expanding quickly in India, where there is a phenomenal 5.3% growth rate, which has Indian customers’ interest.
  • The United Kingdom has a consistent 4.0% growth rate, indicating a promising market environment for ceramic barbecue grills among British consumers.

Competitive Landscape

The market for ceramic barbeque grills is competitive due to several important considerations. There is fiercer competition among producers and suppliers due to the spike in demand for ceramic barbeque grills brought on by the rising popularity of outdoor cooking.

The increased health consciousness of consumers, who prefer ceramic grills over conventional options, drives the market’s competition. The desire for multipurpose kitchen appliances is growing, and ceramic barbecue grills satisfy this demand by allowing for grilling, smoking, baking, and roasting. These elements work together to create a moderate to intense rivalry, forcing businesses to constantly innovate and distinguish their products to achieve a competitive edge in the market.

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Key Companies Are:

  • KimodoKamado, Kamado Joe
  • Royal Gourmet Corporation
  • BIG GREEN EGG
  • Yixing Mcd Oven Co. Ltd.
  • Wuxi M.Y. Advanced Grill Co., Ltd.
  • Argos Limited
  • Bull Europe Limited
  • LANDMANN GmbH & Co.
  • Handels-KG
  • FUJIAN AUPLEX KAMADO GRILL
  • Onward Manufacturing Company Ltd.
  • Cox Brothers Electrical Company Ltd.
  • GRILL DOME KAMADO

Primo Ceramic Grills

Primo is a well-known manufacturer of ceramic grills. The business is headquartered in San Luis Obispo, California, and was established in 1996. Grills made by Primo are renowned for their superior quality, robustness, and adaptability. Several different versions are available from the brand, including built-in, freestanding, and portable grills.

Char-Griller

Char-Griller is a division of Char-Broil, a well-known grill, and outdoor cooking device manufacturer. The Char-Griller Akorn Kamado Grill and the Char-Griller Akorn Jr. Kamado Grill are two of the company’s ceramic barbecue grills. Grills made by Char-Griller are renowned for being inexpensive and simple to operate.

Kamado Joe

Kamado Joe is a well-known manufacturer of ceramic grills. The business is headquartered in Austin, Texas, and was established in 2008. Grills made by Kamado Joe are renowned for their superior quality, robustness, and adaptability. Several different versions are available from the brand, including built-in, freestanding, and portable grills.

Big Green Egg

Big Green Egg is a well-known manufacturer of ceramic grills. The business is headquartered in Sevierville, Tennessee, and was established in 1974. Grills made by Big Green Egg are renowned for their superior quality, robustness, and adaptability. Several different versions are available from the brand, including built-in, freestanding, and portable grills.

Key Developments

  • Increase in Popularity of Outdoor Cooking: As more people discover the joy of outdoor cooking, the demand for ceramic barbeque grills is rising, providing a favorable business climate for manufacturers.
  • Health Consciousness: Customers’ increased health consciousness is fueling the demand for ceramic BBQ grills. Ceramic grills are a popular alternative for health-conscious people looking for a balanced and savory cooking experience because they offer healthier cooking options than traditional grills.

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Key Segments Covered in the Ceramic Barbeque Grill Industry Analysis

Ceramic Barbeque Grill by Size :

  • 13 to 15 Inches
  • 16 to 22 Inches
  • 23 Inches & Above

Ceramic Barbeque Grill by Product Type :

  • Gas Ceramic Barbeque Grills
  • Charcoal Ceramic Barbeque Grills
  • Electric Ceramic Barbeque Grills

Ceramic Barbeque Grill by End Use :

  • Residential
  • Commercial

Ceramic Barbeque Grill by Distribution Channel :

  • Wholesalers/ Distributors
  • Supermarkets/ Hypermarkets
  • Independent Kitchen Appliances Stores
  • Online Retailers
  • Other Distribution Channels

Ceramic Barbeque Grill by Region :

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

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
LinkedInTwitterBlogs | YouTube

Pet Tick and Flea Prevention Market: Projected Growth at a 4.0% CAGR by 2032 | FMI Reports

Pet Tick and Flea Prevention Market
Pet Tick and Flea Prevention Market

Future Market Insights projects that the pet tick and flea prevention market will achieve a valuation of US$ 13,150.0 million by 2032, with a Compound Annual Growth Rate (CAGR) of 4.0% from 2022 to 2032. The market is estimated to be worth US$ 8,886.2 million in 2022.

  • The rise in pet ownership, particularly abroad, has led to increased demand for various types of pets, positively impacting the market value.
  • Adoption of pets is often attributed to their ability to alleviate depression, making the process appealing to many individuals.
  • Pet humanization, where pets are treated as family members, encourages owners to prioritize their pets’ well-being, including their diet.
  • This trend creates significant market potential for products that cater to the health and nutrition needs of pets.
  • The increasing incidence of zoonotic diseases highlights the importance of tick and flea control products for pets to minimize the spread of such diseases.
  • Consequently, there is expected to be a rise in demand for pet tick and flea prevention products in the near future.
  • Governments and corporations worldwide are initiating awareness programs to educate pet owners about the significance of tick and flea prevention for maintaining both pet and owner health.
  • Disposable income levels play a crucial role in increasing demand for pet tick and flea prevention products, as owners are more financially capable of accessing these services.

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Thus, from the insights provided by FMI, it can be concluded that increasing concern regarding pet health, coupled with increase in the adoption of pet animals, and plenty of other factors are expected to drive the pet tick and flea prevention market during the forecast period.

Key Takeaways:

  • The pet tick and flea prevention market is expected to grow at a CAGR of 4% during the forecast period.
  • The pet tick and flea prevention market has a valuation of US$ 8886.2 million as on 2022.
  • By 2032, the market is expected to reach a valuation of US$ 13150 million.
  • North America is currently the largest pet tick and flea prevention market.
  • Europe is the second largest market.
  • Asia pacific is expected to be the fastest growing market.
  • Based on the product, the spot on product is expected to have the largest pet tick and flea prevention market share during the forecast period
  • Based on the sales channel, E-commerce is expected to be the largest segment in the market during the forecast period
  • Based on the animal segment, dogs are expected to have the highest market share during the forecast period.

Competitive Landscape in the Pet Tick and Flea Prevention Market:

The pet tick and flea prevention market is currently experiencing a number of mergers and acquisitions. Apart from that, the key players are investing in the Research and development to manufacture the best quality products.

Key Companies Profiled in the Pet Tick and Flea Prevention Market

Key Companies Profiled in the Pet Tick and Flea Prevention Market are

  • Boehringer Ingelheim Group
  • Ceva Sante Animale S.A.
  • Ecto Development Corporation
  • Eli Lilly and Company
  • Merck Animal Health (Merck & Co., Inc.)
  • Sergeant’s Pet Care Products, Inc.
  • The Hartz Mountain Corporation
  • Virbac Corporation
  • Wellmark International, Inc.
  • Central Life Sciences
  • Advanced PetCare of Northern Nevada
  • Penn Veterinary Supply, Inc.
  • Petsburgh Pet Care Inc.
  • Pipestone Veterinary Services
  • Precious Pet Services Pvt. Ltd.
  • SPC Pet India

Some of the recent developments are in the pet tick and flea prevention market:

  • In July 2022, Boehringer Ingelheim, Evotec, and bioMerieux collaborated to launch Aurobac, which will mainly work to fight antimicrobial resistance.
  • In May 2022, Ceva Sante Animale expanded oral rabies vaccine portfolio with the acquisition of Canadian firm Artemis Technologies.

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Pet Tick and Flea Prevention Market by Category

By Product:

  • Oral pills
  • Spray
  • Spot on
  • Powder
  • Shampoo,
  • Collar
  • Other products (Injection, Drops, and Dips)

By Animals:

  • Dogs
  • Cats
  • Other animals (Mice, Rats etc.)

By Sales Channel:

  • E-commerce websites
  • Company websites
  • Specialty stores
  • Pharmacy stores
  • Mega retail stores
  • Others (Individual Stores, Departmental Stores, etc.)

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.

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Freeze-Dried Food Market Booming US$ 54.8 Billion by 2032 Fueled by Health & Convenience Trends Investor Focus | FMI

 freeze-dried food market
 freeze-dried food market

The freeze-dried food market is booming due to increased health awareness, showcasing a 6.8% CAGR, reaching US$ 54.8 billion by 2032. Increased demand for low-carb, organic, and nutrient-dense diets; freeze-dried fruits and vegetables are becoming more popular among health-conscious consumers due to their longer shelf life and natural qualities.

The freeze-dried food market is anticipated to expand rapidly, with a projected compound annual growth rate (CAGR) of 6.8%, and reach a worth of US$ 54.8 billion by 2032. This increase in demand is a result of growing public awareness of the health benefits of nutrient-dense, organic, and low-carb diets. Health-conscious consumers are increasingly favouring freeze-dried fruits and vegetables due to their extended shelf life and absence of artificial ingredients.

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The freeze-dried food market is predicted to increase at an incredible rate, with a cumulative annual growth rate (CAGR) of 6.8%, and reach a noteworthy value of US$ 54.8 billion by 2032. Growing awareness of the health benefits of consuming an organic, low-carb, high-nutrient diet is likely the cause of the increase in demand. Health-conscious consumers are increasingly favouring freeze-dried fruits and vegetables due to their extended shelf life and lack of artificial ingredients. Freeze-dried fruits are a popular choice because regular consumption is linked to a lower risk of several ailments. By embracing innovation, producers are broadening the market and satisfying the demands of this health-conscious consumer trend.

The freeze-dried food market will expand at a CAGR of 6.8% during the forecast period, reaching a value of $54.8 billion by 2032.

The demand for freeze-dried fruits and vegetables is rising as people become more and more aware of the numerous health benefits of a nutrient-rich, organic, and low-carb diet.The lengthy shelf life of freeze-dried fruits, which are prepared without the use of artificial additives or preservatives, is one of the key factors driving the market.

Regularly eating freeze-dried fruit can help reduce your risk of getting heart disease, liver cancer, colon cancer, and other illnesses. In an effort to capitalise on the expanding trend, manufacturers of freeze-dried fruits are creating cutting-edge products in response to consumers’ growing health concerns.

Because freeze-dried food contains a variety of fragrant and therapeutic plant components, such as flowers, seeds, stems, leaves, and roots that may deteriorate over time, it is vulnerable to contamination by toxigenic fungus and bacteria.

Some of the herbal plants used to make these dishes, which are powdered mixes, may be dangerous. As a result, there might be increased health risks associated with consuming freeze-dried fruits, which might in some cases restrict market sales.

In an effort to lessen the likelihood of contamination, freeze-dried food producers are paying closer attention to the procedures used in processing frozen fruits and concentrating on a thorough investigation of herbal and aromatic plants.

“Increasing sales of functional foods and dietary supplements in driving the adoption of freeze dried fruits and vegetables in the nutraceuticals sector. In addition to this, manufacturers are striving to achieve optimal processing methods to reduce the chances of contamination within these products, which is expected to steer the growth in the market,” says an FMI analyst.

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Key Takeaways:

  • Sales in the North America freeze dried food market are expected to account for 25% of the total market share in 2022.
  • East Asia will emerge as a lucrative pocket owing to expansion of the food and beverage sector in countries such as China, India, and Japan.
  • Based on product type, freeze-dried fruits segment is expected to account for a dominant share of the global market in 2022.
  • In case of end use segment, sales in the food and beverage sector are forecast to remain high through 2032.
  • By sales channel, the B2B segment will emerge as a lucrative segment over the assessment period.

Competitive Landscape

Nestle S.A., Kerry Group Plc, European Freeze Dry, OFD foods LLC, Molda AG, and others are some of the leading freeze dried food market players profiled by FMI.

Manufacturers operating in the global freeze dried food market are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to identify the interest of potential buyers and to improve sales. For instance:

  • In 2020, Nestle introduced a simple solution known as “nesQino”. This aids the consumers to personalize their choices of healthy superfood and beverage made from 100% natural ingredients.

Explore More Valuable Insights

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Global Freeze- Dried Food Market By Category

By Product Type:

  • Fruits
    • Strawberry
    • Raspberry
    • Pineapple
    • Apple
    • Mango
    • Other Fruits
  • Vegetables
    • Carrot
    • Potato
    • Corn
    • Pea
    • Mushroom
    • Other Vegetables
  • Freeze-Dried Dairy Products
  • Freeze-Dried Meat and Seafood
  • Freeze-Dried Pet Food
  • Prepared Meal

By Nature:

  • Organic
  • Conventional

By Form:

  • Powdered
  • Granules
  • Diced

By End Use:

  • Food & Beverages Products
    • Breakfast Cereals
    • Dairy Products
    • Bakery & Confectionery
    • Nutritional Bars & Supplements
    • Powdered Beverages
    • Snacks
  • Retail (household)

By Distribution Channel:

  • B2B
  • B2C
    • Hypermarkets/Supermarkets
    • Convenience Store
    • Specialty Store
    • Food & Drinks Specialty Store
    • Independent Small Grocery Store
    • Online Retail

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

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Future Market Insights Inc.
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T: +1-845-579-5705
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Motion Control Software in Robotics Market Eyes 19.6% CAGR Surge, Aims for US$ 37.86 Billion by 2029

The motion control software in robotics market has witnessed remarkable growth in recent years, with its estimated value reaching approximately US$ 10.81 Billion in 2022. This dynamic sector is poised for more substantial expansion, as projections indicate an impressive CAGR of 19.6% between 2022 and 2029. If these trends continue, the market is expected to surpass a remarkable valuation of US$ 37.86 Billion by 2029

This robust growth can be attributed to the increasing adoption of robotics across various industries and the growing demand for sophisticated motion control software to enhance the precision and efficiency of robotic systems. As technology continues to advance, the motion control software in the robotics market is set to play an increasingly pivotal role in shaping the future of automation and robotics.

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The attractiveness of the developed market remains the same:
In terms of value, Asia Pacific excluding Japan has a high market share. However, regions like North America and Western Europe are expected to foresee the growth of motion control software in the robot market during 2022-2029.

The growth of motion control software in the robot market is being driven by increasing robot adoption in various industries in countries such as China, among other countries in Asia Pacific excluding Japan region.

In addition, it is increasing in North America and Western Europe due to macroeconomic factors such as rapid industrialization, urbanization, and increased investment.

The adoption of motion control software in robotics in the manufacturing industry and oil and gas refineries:
The global motion control software in robot market is segmented by robot type, robot system type, application, software, offering, software by motion type, end use, and Asia Pacific excluding North America, Latin America, Western Europe, Eastern Europe, Japan, Japan, Middle East and Africa.

The end-use manufacturing industry segment is expected to hold a prominent market share. This is primarily driven by the increasing use of robotics software in the manufacturing industry to perform repetitive tasks such as assembly, material handling, and pick and place. The oil and gas refining sector will also stand out during the forecast period.

The increasing use of robotics software in oil and gas refining improves operator safety as software automates the repetitive and risky task of connecting drill pipes as they drill miles of seawater and oil-bearing rock.

Leading Key Player:

  • ABB Ltd
  • Fanuc
  • Teradyne
  • KUKA AG
  • Yamaha
  • Yaskawa Electric Corp
  • Denso Wave
  • Omron Corporation
  • Nachi Robotics System

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Motion Control Software in Robotics Market Segmentation:

By Robot Type:

  • Articulated
  • Cartesian
  • Cylindrical
  • Polar
  • SCARA
  • Delta

By Robotic System Type:

  • Manipulation Robotic System
  • Mobile Robotic System
  • Data Acquisition and Control Robotic System

By Application:

  • Industrial Robot
    • Assembly Line Robot
    • Inspection Robot
    • Warehouse Robot
    • AGVs
    • Others
  • Medical Robot
    • Surgical Robot
    • Medical Transportation
    • Dispensing
    • Sanitation and Disinfection
  • Consumer Robot
    • Indoor
    • Outdoor

By Offering:

  • Standard
  • Customized

By Software:

  • Pick & Place
  • Drilling
  • Hold & Rotate
  • Painting
  • Striking, Punching & Blanking
  • Welding
  • Inspection
  • Cutting
  • Layout, Marking & Measurement
  • Grinding & Polishing
  • Other

By Motion Type:

  • Linear
  • Rotary
  • Oscillatory
  • Omni-Directional

By End Use:

  • Manufacturing Industries
    • Automotive, Aerospace & Shipbuilding
    • Pharmaceutical
    • Mining and Metallurgy
    • Power
    • Consumer Electronics and Appliance
    • Electrical & Heavy Machinery
    • Chemical & Agrochemical
    • Other
  • Oil & Gas
  • Healthcare
  • Research Academia
  • Others

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

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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Garbage Bag Market is Projected to Reach at a US$ 14,602.3 Million by 2034 | FMI

Garbage Bag Market
Garbage Bag Market

The global garbage bag market size is estimated to total US$ 9,681.0 million in 2024. Over the assessment period, global garbage bag sales are projected to expand at 4.2% CAGR, taking the total market valuation to US$ 14,602.3 million by 2034.

PE waste bags continue to be in high demand because of their strength and ability to withstand tearing. The predominant materials used to make PE waste bags are LDPE and LLDPE, with HDPE being used for the remainder. By 2034, the target segment is expected to hold a 71.7% market share.

Several factors are expected to drive the growth of the garbage bag market during the forecast period. These include:

  • Increasing number of households
  • Rising focus on improving hygiene and sanitation
  • Growing demand for convenient and sanitary waste disposal solutions
  • Increasing government initiatives and policies for waste management practices
  • Surging popularity of compostable garbage bags

Policies and actions by the government are very important for changing how waste is handled. This also has a big effect on the garbage plastic bag industry. As countries across the world face growing problems of trash and environmental protection, several governments have made rules to encourage responsible waste handling.

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For instance, making people separate their waste and promoting recycling has created a demand for garbage bags for sorting out garbage quickly. People are becoming more aware of how plastic bags harm the environment, so new ideas for biodegradable and compost alternatives are coming up.

The garbage bag business is changing as companies are concentrating on green ways to match these new rules. New compostable garbage bags are being introduced by manufacturers to address environmental problems. These new solutions are ideal for sustainable waste management practices.

Shifting focus toward biodegradable & bio-based garbage bags is another key factor expected to boost the target market. Similarly, growing sustainable concerns are increasing the popularity of biodegradable garbage bags.

Biodegradable plastics help reduce dependence on fossil fuels during the production of plastic trash bags. Biodegradable plastic trash bags are made from domestic biomass materials, reducing dependence on oil. They are also easier to recycle and can be used more often.

As per the latest analysis, demand for biodegradable plastic garbage bags is expected to grow significantly over the next few years. This is due to increasing consumer pressure and laws such as banning plastic bags and initiatives to address global warming.

Key Takeaways of Global Garbage Bags Market

  • The global market for garbage bags is estimated to total US$ 14,602.3 million by 2034.
  • Based on material, the polyethylene segment is set to hold a dominant market share of 71.7% in 2034.
  • In terms of sales channel, the direct sales segment is anticipated to expand at a CAGR of 4.5% during the forecast period.
  • By end-use, the household segment is poised to grow at 3.2% CAGR, holding a value share of 21.8% by 2034.
  • The United States market value is anticipated to total US$ 2,600.9 million by 2034.
  • Sales in India will likely rise at 6.8% CAGR between 2024 and 2034.

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The shifting focus toward bio-based garbage bags and increasing government initiatives & policies for waste management are expected to drive growth of the garbage bag industry during the forecast period,” says Ismail Sutaria (Lead Consultant, Packaging and Materials).

Who is Winning?

Below are prominent garbage bag manufacturers listed in the report. The Tier 1 players in the market hold 15% to 20% share.

  • The Clorox Company
  • Reynolds Consumer Products Inc.
  • Poly-America, L.P.
  • Berry Global Inc.
  • Dagöplast A.S.
  • International Plastics, Inc.
  • Big Black Sacks
  • Novolex Holdings LLC
  • Terdex Gmbh
  • Plasta Group
  • Mcpherson’s Limited.
  • Pack-It B.V.
  • Top.Z (Hk) Limited
  • Meadows
  • Novplasta Cz, S.R.O
  • Primax D.O.O.
  • Tuopu Group (Miaojie)
  • Bengbu Shangdao Ikea Daily Necessities Technology Industrial Co., Ltd.(Sodolike)
  • Rkw Group
  • Thantawan Industry Plc.

Top players are looking to develop biodegradable and compostable garbage bags from sustainable and eco-friendly materials. They also employ strategies like partnerships, collaborations, facility expansions, distribution agreements, and mergers to boost their sales and expand their footprint.

Recent Developments:

  • In May 2022, Berry Global’s UK refuse sack business unveiled a new range of high strength refuse sacks.

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About the Packaging Division at Future Market Insights (FMI)

The packaging division at Future Market Insights (FMI) provides an in-depth historical analysis and projections for the next ten years and covers the competition landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights (FMI) has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

About Future Market Insights Inc. (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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I/O Link Market Poised for 15.8% CAGR Surge, Eyeing US$ 12,285.9 Million by 2027

The I/O link market is poised for unprecedented growth, anticipating a remarkable CAGR of 15.8%, propelling it to surpass a staggering US$ 12,285.9 million by the year 2027. This surge in market value reflects the increasing significance and adoption of I/O Link technology across various industries. I/O Link, known for its ability to enhance communication and connectivity in industrial automation, is becoming a cornerstone for the next wave of technological advancements.

As industries strive for efficiency and seamless integration of systems, the I/O Link market is proving to be a pivotal player, driving innovation and shaping the future of smart industrial ecosystems.

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Key Takeaways from the I/O Link Market Report:

  • Assembly automation applications are witnessing strong growth, particularly in the manufacturing and automotive sectors.
  • I/O links for hybrid industry processes are gaining strong traction driven by a superior scope of functionality in industry 4.0 settings.
  • Asia Pacific is generating strong demand for I/O links owing to major manufacturing hubs in India, China, South Korea, and Japan.

I/O Links Market – Growth Factors:

  • Support capabilities for high-level ethernet and fieldbus protocols drive adoption rates.
  • Low production costs and superior energy efficiency in operations support market growth.

I/O Links Market – Major Constraints:

  • Limitations in motion control applications limit the use of I/O links to select industries.
  • The lack of international standardization for I/O link specifications is a major challenge for market players.

The Projected Impact of Coronavirus:
The complete impact of the coronavirus pandemic on the I/O links market is not clear as yet. The manufacturing process continues to be largely manual, which in turn hints at a slower market recovery, as workers are less inclined to operate in environments that contribute to health risks.

Also, China is going through a second wave of coronavirus cases, which will hurt market prospects in the months ahead. Alternative sourcing and government bailouts are expected to be important for the industry throughout the crisis period.

Competition Landscape:
The I/O Links market comprises players including but not limited to IFM Electronic FZC, Leuze Electronic GmbH, Balluff GmbH, SICK AG, Siemens AG, OMRON Corp., Hans TURCK GmbH, Pepperl + Fuchs, Banner Engineering, and Rockwell Automation Inc.

Participants in the I/O Links market are primarily interested in research and development initiatives for product innovations and launches to boost product portfolios and scope of functionality.

For instance, Balluff GmbH has revealed a new smart-level sensor with an I/O link for high-conductive fluid applications. Hans Turck GmbH has unveiled an IP67 I/O module for integration into process automation applications. Also, SMC Corporation of America has announced the launch of a wireless I/O link master for remote motion control settings.

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I/O Link Market Segmentation:

By Component

  • I/O-Link Devices
  • I/O-Link Masters

By Vertical

  • Semiconductor and Electronics
  • Automotive
  • Medical
  • Others

By Application

  • Handling Assembly Automation
  • Intralogistics
  • Machine Tools
  • Packaging

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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