Market Research Blog – Page 3501 – New Product Development

Semiconductors & Lighting Drive Neon Gas Market Growth: US$ 439.1 Million Opportunity by 2032

Global demand for neon gas is expected to increase at a 7% CAGR, reaching US$ 222.9 Million in 2022. Increasing applications in semiconductors and lighting sectors will continue boosting the market, pushing the market size to US$ 439.1 Million by 2032.

Growing adoption of neon gas in lasers for various applications including healthcare, sensors, and defence is expected to propel the sales of neon gas over the forecast period.

Neon gas is primarily used in the production of lasers along with other gasses. The lasers segment is expected to account for more than three-fourths of the neon gas produced globally. Growing usage of lasers in the production of various devices including sensors, lighting technologies, and defence equipment is expected to contribute to the growth in the market in the forthcoming years.

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Ukraine is one of the largest suppliers of neon gas across the globe. The country is anticipated to cater to more than 70% of the global demand for neon gas with its abundant reserves. However, the ongoing invasion of the Russia over Ukraine has affected to production and supply chain.

This has resulted in a shortage in the supply of neon gas which has increased its prices to an extent. In response to this, manufacturers are increasing their production capacities to recover the supple of neon gas.

However, the availability of neon gas is one of the primary concerns for the manufacturers. Low availability of the product causes a frequent shortage in supply causing spike in prices. This is compelling consumers to adopt cheaper solutions.

Argon Gas is an example of such an alternative. Argon gas is present abundantly and can be extracted with low-cost methods as compared to neon gas. The availability of cheaper alternatives is expected to hamper the overall growth in the market.

“Growing demand for neon gas in electric and electronics sector across the globe, along for technological advancements in the production of neon gas will augment the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

Based on applications, sales in the lighting segment are slated to increase at a 6.1% CAGR over the forecast period.
In terms of supply mode, demand for neon gas cylinder is projected to increase at a 7% CAGR through 2032.
China will account for 83.1% of the East Asia neon gas market share, with sales growing at a 7.7% CAGR through 2032.
Germany will dominate the Europe neon gas market, holding 31.1% of the Europe market share over the forecast period.

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Competitive Landscape

Some of the leading players operating in the global neon gas market

Air Products & Chemicals Inc.
Air Liquide,
The Linde Group
Axcel Gases
Mil-Spec Industries
Electronic Flurocarbons LLC,
Specialty Chemical Products Inc.
Dakota Gasification Co.
Boc Gases Ireland Inc.

More Insights into the Neon Gas Market Report

In its latest report, FMI offers an unbiased analysis of the global neon gas market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the global market potential, its growth, and scope, the market is segmented based on application (lasers, electronics, lighting and others), supply mode (cylinders, bulk & micro bulk, drum tanks and on-site), and regions.

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
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Advancing Efficiency: Compact Crawler Excavators Propel Growth in the Market

The crawler excavator market size surpassed US$ 50,307.3 million in 2023 and is projected to reach a valuation of US$ 65,665.2 million by 2033. The market share of crawler excavators is forecasted to grow at a CAGR of 2.7% from 2023 to 2033. The increasing demand for crawler excavators is driven by advancements in conventional designs and the manufacturing of compact crawler excavators, resulting in superior quality and high performance.

The Asia Pacific Excluding Japan (APEJ) region, valued at US$ 17.32 billion in the base year, is expected to lead the global crawler excavator market during the forecast period. The APEJ market is projected to advance at a CAGR of 3.2% during the study period. Robust industrialization and urbanization in Asia Pacific countries are key factors contributing to the creation of lucrative market opportunities and growth prospects for market players in this region.

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Key Takeaways from Crawler Excavator Market Report:

In 2018, the global market size stood at US$ 44,464.3 million.
The market expanded at a CAGR of 2.5% from 2018 to 2022.
In 2022, the global market size stood at US$ 49,080.3 million.
The United States captured 13.5% of global market shares in 2022.
India captured 2.8% of global market shares in 2022.
China captured 3.0% of global market shares in 2022.
The United Kingdom captured 2.8% of global market shares in 2022.
The standard product type segment captured 51.3% of global market shares in 2022.
The medium (2.00 to 4.00) bucket capacity segment acquired 23.3% of global market shares in 2022.

Key Players in the Global Market

Tata Hitachi Construction Machinery (THCM)
Bharat Earth Movers Limited (BEML)
Komatsu
JCB
Doosan Excavator
Caterpillar
SANY
Volvo Construction Equipment
Kobelco Construction Equipment India
Hyundai Construction Equipment

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Crawler Excavator Market Segmentation

By Product Types:

Standard
Hybrid
Short Tail
Super Long Front

By Bucket Capacity:

Small (0.30 to 2.00)
Medium (2.00 to 4.00)
Large (Above 4.00)

By Operating Weight:

12,500 to 22,100 Kg
22,650 to 30,200 Kg
34,300 to 45,750 Kg
51,000 to 70,650 Kg
78,500 to 93,300 Kg
Above 95,900 Kg

By End Use Vertical:

Construction
Mining
Forestry & Agriculture
Others

By Region:

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

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

Trend for Disposable Crockery among Environmentally Conscious Millennials to Drive Paper Cups Sales by 4.4% CAGR through 2033 | FMI

As per a new report by Future Market Insights, the global paper cups market is projected to reach US$ 14 billion by 2033. A valuation of around US$ 10 billion is expected to be showcased by the market in 2023, while it is likely to exhibit a CAGR of 4.4% between 2023 and 2033.

Paper cups are a worthwhile alternative to plastic cups as paper material is cost-effective and provides a sustainable and disposable alternative to plastic material. Paper cups are primarily single-use cups, which is the main reason for using these cups.

These disposable cups are again segregated through various recycling methods, and the material is again reused for the formation of paper cups. The material of paper cups is a mixture of paper pulp, including bagasse and other natural material. There is no toxin left behind during the recycling process.

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Single-use paper cups are gaining attention in food service industry such as hotels, restaurants, and online delivery processes. These businesses require disposable plates, bowls, and cups for serving purposes. There are numerous opportunities that are likely to be created by ‘away-from-home’ consumption of beverages.

A fast-paced lifestyle has influenced food & beverage consumption patterns to a certain extent. This would create lucrative opportunities for growth in the paper cups market, which manufacturers must focus on.

In the next ten years, focus of manufacturers on the millennial population is likely to intensify. Surging millennial population is expected to be a key driver to expansion of the global paper cups market, as millennials have been known to experience nearly twice the number of away-from-home situations, as compared to adults.

To expand their businesses, manufacturers of paper cups must know what the modern consumer wants and anticipate how their preferences may change over time. Manufacturers of paper cups are expected to mainly focus on the design and appearance of their products to target specific consumers. For instance, high-quality printing on paper cups has a high consumer appeal.

Key Takeaways from Paper Cups Market

By cup type, the hot beverage cups segment is likely to account for more than 65% of market share by 2023.
In terms of cup capacity, the 151 to 350 ml segment is expected to generate the lion’s share in the global paper cups market by 2033.
The food service industry by end user is anticipated to account for 3% of the global paper cups market share by 2023.
Germany paper cups market is estimated to record a CAGR of 3% during the forecast period.
The United Kingdom paper cups market is set to create an incremental growth opportunity of US$ 20 million in the next ten years.

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“Increasing popularity of paper cups owing to rising installation of vending machines in offices, recreational parks, shopping malls, and airports would drive sales in the global market. Key companies are likely to spend huge sums in the development of unique products to expand their portfolios,” says a lead analyst at Future Market Insights.

Increasing Emphasis on Printed Paper Cups to Enhance their Aesthetic Appeal Worldwide

Printability has continuously been a key deciding factor for product acceptance. By using paper cups, it is easy to print logos of various beverage brands on their products. Colorful graphics would gain high attention, as compared to simple and plain products.

The importance is to have uniqueness and originality among key players. Brands want something that customers can link with, and which is unique to that specific brand. Key players are coming up with printed paper cups worldwide. Multi-color printing is another key trend in the paper cups market. Hence, the focus is expected to be on creating high-quality printed designs that modern consumers can relate to. Printability of paper cups is also being used as a marketing tool by beverage brand owners.

Competition Landscape: Paper Cups Market

Few key players operating in the global paper cups market include Berry Global Group Inc., Huhtamaki Oyj, Georgia-Pacific LLC, Genpak, LLC, Pactiv LLC, Dart Container Corporation, Frugal Pac Limited, Grupo Phoenix Capital Limited, F Bender Limited, ConverPack Inc., and Sabert Corporation among others.

Get Exclusive Insights into the Paper Cups Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the paper cups market, analysing historical demand from 2014 to 2022 and forecast statistics for 2023 to 2033. The study reveals market growth projections for the paper cups based on the cup capacity (up to 150 ml, 151 to 350 ml, 351 to 500 ml, above 500 ml), cup type (cold beverage cup, hot beverage cup), sales channel (supermarket/hypermarket, distributor, departmental/specialty/discount stores, online stores), and end user (food service, institutional, household) across seven regions.

About the Packaging Division at Future Market Insights

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights 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 analysed 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.

The Paper Cups Market Outlook by Category

By Cup Capacity:

Up to 150 ml
151 to 350 ml
351 to 500 ml
Above 500 ml

By Cup Type:

Cold Beverage Cup
Hot Beverage Cup

By Sales Channel:

Supermarket/Hypermarket
Distributor
Departmental/Specialty/Discount Stores
Online Sales

By End User:

Food Service
Institutional
Household

By Region:

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

About Future Market Insights Inc. (FMI)

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

Contact Us:

Nandini Singh Sawlani

Razors and Blades Market Projected to Reach US$ 4372.7 Million by 2032: Exploring Growth Drivers and Market Trends

In 2022, the global razors and blades market is valued at US$ 3,267.26 million, with forecasts indicating a potential increase to US$ 4,372.7 million by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 3.0% over the specified period. These projections underscore the enduring demand for grooming products despite evolving consumer trends and preferences. As consumers continue to prioritize personal care and grooming routines, manufacturers are presented with opportunities to innovate and diversify their product offerings. The market’s steady growth trajectory signifies its resilience and adaptability to changing market dynamics and consumer behaviors, paving the way for further expansion.

The market for disposable razor blades is expanding as a result of growing consumer spending on personal grooming goods and aesthetic consciousness, particularly among millennials and Gen-Z. This is a result of the disposable razor blades’ ease of usage, which is fostering the growth of the industry through recreational use.

The disposable razor blade industry is seeing a resurgence as single-use razor blade usage rises due to increased attention on cleanliness while shaving to prevent skin infections. Disposable razor blades that can offer such advantages are gaining in popularity as the demand for a close, comfortable shave grows, driving the market’s expansion.

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Key Takeaways from the Razors & Blades Market Study:

Based on product type, double edge segment will witness fastest growth over the forecast period (2022-2032).
In terms of material, stainless steel segment is expected to dominate the global razor & blades market.
Online retailers segment will gain traction over the forecast period owing to the rising penetration of e-commerce industry
China is expected to spearhead the growth in East Asia razor and blades market through 2022 & beyond
India will dominate the South Asia razor and blades market over the forecast period (2022-2032)
“Rapid urbanisation, improved personal hygiene, greater population density, and the proliferation of transportation networks are triggering a rise in demand for razor blades.”- FMI Analyst said.

Who is winning?

Participants in the worldwide razor blades market have leveraged the use of product launches, collaborations, and acquisitions to expand consumer base and strengthen sales. To draw in prospective patrons, manufacturers have attempted to employ innovative promotional techniques, marketing, and product debuts.

Major players in the razors and blades products market are

Proctor & Gamble
Edgewell Personal Care company
DORCO CO, LTD.
Panasonic Holdings Corporation
Oscar Razor
FEATHER Safety Razor Co., Ltd
HARRY’S, INC.
Koninklijke Philips N.V.
WAHL
DOLLAR SHAVE CLUB

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Global Razors and Blades by Category

By Product Type:

Double Edge.
Single Edge

By Material Type:

Carbon steel
Stainless Steel

By Price Range:

Low
Medium
Premium

By Consumer Orientation:

Men
Women

By Sales Channel:

Hypermarkets/ Supermarkets
Convenience Stores
Specialty Stores
Departmental Stores
Online Retailers
Drug & Pharma
Other Sales Channel

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

Rare Inflammatory Disease Treatment Market Surges to a Monumental US$ 17,335.8 Million Valuation by 2028

The Rare Inflammatory Disease Treatment Market illnesses was estimated to be worth US$ 12,664 million in 2021. Analysts project that between 2022 and 2028, it would increase at a rate of 4.6% to reach US$ 17,335.8 million.

Due to rising awareness and improvements in medical research, the market for treatments for uncommon inflammatory diseases has shown impressive growth and innovation in recent years. Orphan diseases, sometimes known as rare inflammatory diseases, are severe and complex conditions that affect a small proportion of the population. Pharmaceutical businesses and academic institutions have paid close attention to this niche market, which has resulted in the creation of tailored treatment plans and focused medicines. These therapies seek to reduce symptoms, enhance the quality of life for patients, and in certain situations, provide a possible therapy or cure for these crippling illnesses.

The emergence of precision medicine and breakthroughs in genetic research have played a pivotal role in driving progress within the rare inflammatory disease treatment market. Tailoring therapies to individual genetic profiles has shown promising results in managing and even reversing some of these diseases. Additionally, regulatory agencies have introduced incentives and fast-track processes to encourage the development of treatments for orphan diseases, further propelling investment and research in this space. As our understanding of these conditions deepens and treatment options expand, there is newfound hope for individuals and families affected by rare inflammatory diseases, underscoring the importance of continued investment and innovation in this vital healthcare sector.

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Key Takeways:

Niche Market with High Unmet Needs: The rare inflammatory disease treatment market serves a small but underserved patient population. These diseases are often severe and can significantly impact patients’ lives, making the development of effective treatments crucial.
Advancements in Precision Medicine: Advances in genetic research and precision medicine have opened up new avenues for understanding and treating rare inflammatory diseases. Tailored therapies based on individuals’ genetic profiles hold promise for more effective and personalized treatments.
Increased Industry Interest: Pharmaceutical companies and research institutions have shown growing interest in this market due to its potential for innovation and addressing unmet medical needs. This interest has resulted in increased investment and research efforts.
Regulatory Support: Regulatory agencies have introduced incentives and expedited approval processes for orphan disease treatments. This support encourages the development of therapies for rare inflammatory diseases and accelerates their availability to patients.
Patient Advocacy: Patient advocacy groups and organizations play a significant role in raising awareness about rare inflammatory diseases. They also advocate for research funding and improved access to treatments, helping to drive progress in the field.
Hope for Patients: The rare inflammatory disease treatment market offers hope to patients and their families by providing access to treatments that can alleviate symptoms, slow disease progression, or, in some cases, offer potential cures. Ongoing research and development efforts continue to improve the outlook for these individuals.

Key Companies:

Novartis AG
Abbvie Inc.
Abbott Laboratories
Regeneron Pharmaceuticals Inc.
Swedish Orphan Biovitrum AB
Pfizer, Inc.
Valeant Pharmaceuticals International Inc. (Bausch Health)
Mallinckrodt Plc.
Johnson & Johnson

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Key Segments:

Rare Inflammatory Disease Treatment by Indication

RID Treatment for Ulcerative Colitis
RID Treatment Juvenile Rheumatoid Arthritis
RID Treatment Psoriatic Arthritis
RID Treatment Other Indications

Rare Inflammatory Disease Treatment by Drug Class

Biologics-based RID Treatment
Organic Compounds-based RID Treatment

Rare Inflammatory Disease Treatment by Mode of Administration

RID Injectables
Oral RID Treatment
Other RID Treatment Administration Modes

Rare Inflammatory Disease Treatment by Distribution Channel

RID Treatment through Hospital Pharmacies
RID Treatment through Retail Pharmacies
RID Treatment through Online Pharmacies

Rare Inflammatory Disease Treatment Market by Region

North America RID Treatment Market
Latin America RID Treatment Market
Europe RID Treatment Market
Asia Pacific RID Treatment Market
Middle East & Africa (MEA)

Author By:

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

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

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

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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Accelerating Demand: Automotive Performance Parts Market Grows with Spain’s Commanding Market Share

The automotive performance parts market is projected to grow from US$ 339.32 million in 2022 to US$ 532.02 million by 2032. Spain dominates the European automotive performance parts market, capturing over 11% of the market share.

Several factors are expected to contribute to the market expansion from 2022 to 2032. These include increasing consumer awareness of the importance of vehicle maintenance and repair to maintain effectiveness and performance. Additionally, the growing demand for crossover and long-distance cars is driving the need for routine maintenance and part replacement. The increased flexibility of vehicle design and manufacturing also enables greater client customization, which is anticipated to fuel market growth during the forecast period.

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Spain’s automotive performance parts business is experiencing significant growth, with the country having one of the most promising and fastest-growing automobile markets in Europe. Factors such as the availability of labor, R&D activities, and government support for developments in automotive performance parts are expected to further boost market growth in Spain in the coming years.

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

Key Takeaways:

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

Competitive Landscape

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

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

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Key Segments

By Product Type:

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

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

By Vehicle Type:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel:

First Fit
Aftermarket

More Insights into Automotive Performance Parts Market Report

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

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

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

Author

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Surface Plasmon Resonance Market Envisioning a Remarkable Valuation of US$ 1807.7 Million by 2032

The surface plasmon resonance market share is expected to increase significantly; by 2032, it is expected to have grown from US$ 910.4 million in 2022 to a bright US$ 1807.7 million. This trajectory, as predicted by Future Market Insights (FMI), is expected to grow at a strong compound annual growth rate (CAGR) of 7.1% over the course of the projected year.

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Driving Forces of Growth:

The surge in demand for real-time, label-free measurements of biomolecules stands as a catalyst for the market’s ascent. The increased utilization of Point-of-Care devices, a growing number of radiology procedures, a rising geriatric population, and the proliferation of diagnostic imaging facilities collectively contribute to propelling the growth of the surface plasmon resonance market.

Challenges and Innovations:

While the market thrives, it faces challenges such as a lack of detection sensitivity, the expensive cost of integrating a microfluidic chip with a sensor and a Point-of-Care system, and the intricate mass manufacturing of durable metal nanostructures on the substrate. Despite these hurdles, the industry remains dynamic, fostering innovation to overcome obstacles and continue its upward trajectory.

Microfluidic Marvels:

The market is poised to witness a notable upswing with the development of a microfluidic free-flow electrophoresis (FFE) device. This groundbreaking innovation, in conjunction with SPR imaging, serves as a cutting-edge separation and detection system for biomarker discovery. As such advancements unfold, the global surface plasmon resonance market charts a course toward unprecedented growth, promising a future illuminated by breakthroughs in diagnostics and biomedical research.

Investors, stakeholders, and industry enthusiasts are encouraged to delve into the rich landscape of the surface plasmon resonance market, where innovation meets demand, shaping the future of biomedical sciences.

Key players

GE Healthcare
AMETEK.Inc.
Horiba

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Key Segments

By Product:

Imaging System
Sensor System
Reagents

By Application:

Drug Discovery
Material Science
Biosensors

By End User:

Academic & Research Institutes
Food & Beverage Industry
Biopharmaceutical Companies
CROs
Others

By Region:

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

Author By:

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.

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Nandini Singh Sawlani

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Japan Drives Growth: Hybrid Vehicles Market Flourishes with Premium Perceptions

The Hybrid Vehicles Market size is surpassed US$ 232 billion in 2023 and is projected to reach a valuation of US$ 1.6 trillion by 2033. The market share of hybrid vehicles is predicted to thrive at an astronomical CAGR of 21.6% from 2023 to 2033.

In Japan, the hybrid vehicles market is anticipated to be valued at about US$ 8,633.9 million in 2023. Japanese consumers perceive hybrid vehicles as dependable, safe, and easy to use, leading to a willingness to pay a premium price for these vehicles due to their perceived value. However, according to a survey, fewer than half of Japanese consumers planning to purchase a new car in the next two years associate electric vehicles with fewer carbon emissions or eco-friendliness. This indicates that the demand for hybrid vehicles is increasing in Japan due to consumer perceptions and preferences.

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Key Takeaways from Hybrid Vehicles Market Report:

In 2018, the global market size stood at US$ 90,798.9 million.
The market expanded at a CAGR of 20.7% from 2018 to 2022.
In 2022, the global market size stood at US$ 192,712.4 million.
The United States captured 30.4% of global market shares in 2022.
India captured 22.8% of global market shares in 2022.
China captured 24.3% of global market shares in 2022.
The United Kingdom captured 22.2% of global market shares in 2022.
The hybrid vehicles segment captured 32.2% of global market shares in 2022.
The passenger cars segment acquired 27.6% of global market shares in 2022.

Top Key Players in the Hybrid Vehicles Market:

Tilley Inflatable Design & Engineering Ltd.
Ford Motor Company
General Motors Company
Honda Motor Co. Ltd.
Daimler AG
Volkswagen AG
Renault SAS
Toyota Motor Corporation
Nissan Motor Corporation
Mitsubishi Motor Corporation
Hyundai Motor Company
Bayerische Motoren Werke AG (BMW)

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Recent Developments Observed by FMI:

Nissan just unveiled the fourth iteration of the X-Trail. The Nissan X-Trail is scheduled to make its debut in the middle of 2023. Strong Hybrid and Mild Hybrid hybrid drivetrains are expected to be offered for Nissan’s X-Trail SUV. The car is expected to cost around INR 40 lakhs when it goes on sale.
The Nissan Qashqai SUV is built on the CMF-C platform, which was developed in collaboration with Renault. The Qashqai is anticipated to be powered by a 1.3L gasoline engine and a mild hybrid powertrain. The automobile is projected to cost around INR 30 lakhs when it goes on sale. Because the Qashqai is likely to go on sale after the Nissan X-Trail, we may expect to see it around late 2023 or early 2024.

Hybrid Vehicles Market Segmentation

By Product Type:

Hybrid Vehicles
Plug-in Hybrid Vehicles

By Vehicle Type:

Passenger Car
LCV
HCV

By Engine Type:

Gasoline Electric
Diesel Electric

By Powertrain Configuration:

Parallel Hybrid
Series Hybrid
Power Split Hybrid

By Region:

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

Author

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.

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Nandini Singh Sawlani

Growth Outlook: Fiber Cement Market Expected to Reach US$ 28.68 Billion by 2033

The fiber cement market is anticipated to thrive at a slow-paced CAGR of 4.7% between 2023 and 2033. The market is expected to have a market share of US$ 28.68 billion by 2033 while it is likely to be valued at US$ 18.12 billion in 2023.

The advent of new alternative materials for construction and industrial applications is expected to give birth to several markets like fiber cement and bricks. Furthermore, the sustainability, low cost, and maintenance associated with fiber cement are also flourishing the market growth.

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New sustainable projects are applying nature-friendly yet durable construction materials in their buildings. Hence, high sales of fiber cement are anticipated during the forecast period. Also, the long-life span and versatility in design give it an edge over the usual cement.

One of the prominent growth factors for fiber cement is its fire and heat-resistant nature which is mainly weather resistant as well. These properties make fiber cement revolutionize the construction material industry.

The affordable pricing adds value to its sales as it is economically beneficial as well due to the long shelf life, limited maintenance, and low price. Alongside this, the sustainable materials used in its formation are expected to attract aware end users.

The key reason why end users are preferring these sustainable construction materials is the small installation time. Further, the usage of the right tools can reduce 50% of the time comparatively.

These fiber cement come in the form of cement board and slide with high longevity. Also, the flexibility gives the constructor the option of designing it with high ease.

Key Points

The United States market leads North America’s fiber cement market in terms of market share in North America. The United States held a market share of 11.4% in 2022. The factors attributed to the growth are rising residential and industrial construction and the government providing subsidies to eco-friendly construction material businesses.
Germany’s fiber cement market held a healthy market share of 8.9% in 2022. The market growth is caused by the German government’s extended research and development programs, focusing on using materials like carbon fiber, fiber-reinforced concrete, etc.
India’s market thrives at an average CAGR of 5.5% between 2023 and 2033. Further, the growth is attributed to the penetration of innovation in the construction and electrical sector.
China thrives at a CAGR of 5.1% between 2023 and 2033.
Based on raw material type, the Portland segment held the leading market share of 37.9% in 2022.
Based on application type, the sliding segment leads as it held a market share of 24.3% in 2022.

Competitive Landscape

The key suppliers focus on sustainability, reusable material, and fast installation. The competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

PPG Industries Incorporated has launched its protection over wood along with fiber cement and composite substrates, delivering to verticals like automotive, commercial, and residential.
Ecolab Incorporated has introduced the fiber building materials such as fiberglass filament, mat, and insulation. These products also include flat glass, ceiling tiles, and fiber cement.

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Key Players Profiled in the Market

Dow Chemical Company
Hardie (James) Industries Plc.
Imerys SA
Elementia SA de CV
Building Materials Corporation of America
PPG Industries Incorporated
Akzo Nobel NV
Canfor Corporation
Ecolab Incorporated
Central Fiber LLC
Mercer International Incorporated
US Silica Holdings Incorporated

Key Segments Covered

By Raw Materials:

Silica
Portland Cement
Cellulosic Fiber
Others

By End User:

Residential
Non-Residential

By Application:

Cladding
Siding
Backer Boards
Molding and Trimming
Roofing
Wall Partitions
Others

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

Building Automation Systems Market Growth: Industry to Rise US$ 96,264 million by 2033

Building Automation Systems (BAS), also known as Building Management Systems (BMS) or Energy Management Systems (EMS), are sophisticated networks of hardware and software designed to monitor and control a building’s mechanical and electrical equipment. These systems optimize building performance, enhance occupant comfort, and improve energy efficiency.

The Building Automation Systems Market size is projected to be valued at US$ 47,800 million in 2023 and is expected to rise to US$ 96,264 million by 2033. The sales of building automation systems are expected to grow at a significant CAGR of 7.4% during the forecast period.

The global industry for building automation systems has been driven by the Internet of Things’ increased popularity, increasing government and private sector activities, and rising security concerns.

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Additionally, wireless protocols and sensor networks are developing more quickly. Moreover, the intervention of industry 4.0 and rapidly evolving cloud technologies would further contribute towards industry expansion.

Here’s an overview of their significance:

Efficient Energy Management: BAS enable centralized control and automation of various building systems, including HVAC (Heating, Ventilation, and Air Conditioning), lighting, security, and more. By integrating these systems and utilizing advanced algorithms, BAS optimize energy usage, reduce utility costs, and minimize environmental impact.
Enhanced Comfort and Occupant Experience: BAS contribute to improved occupant comfort and productivity by maintaining optimal indoor environmental conditions. Automated temperature control, lighting adjustments, and personalized settings cater to individual preferences, creating a more pleasant and productive work or living environment.
Remote Monitoring and Control: One of the key advantages of BAS is the ability to monitor and control building systems remotely. Facility managers can access real-time data, receive alerts for potential issues, and make adjustments remotely via computer or mobile device, ensuring quick response to changing conditions and efficient problem resolution.
Data Analytics and Insights: BAS generate valuable data on building performance, energy usage, and equipment health. By leveraging advanced analytics tools, facility managers can gain insights into trends, identify opportunities for optimization, and make data-driven decisions to enhance operational efficiency and sustainability.
Integration with Smart Technologies: BAS seamlessly integrate with emerging smart technologies such as Internet of Things (IoT) devices, artificial intelligence (AI), and cloud computing. This integration enables advanced functionalities such as predictive maintenance, adaptive learning algorithms, and proactive energy management, further enhancing the capabilities of building automation systems.

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Competitive Landscape:

The top 5 players in the global building automation industry include Siemens AG, Honeywell International, ABB, Schneider Electric, and Johnson Controls, plc. As per FMI’s analysis, top 5 players are anticipated to account for 44% of the total industry share.

As a part of their growth strategies, leading players operating in the global Building Automation Systems Market are emphasizing product developments, intensive research and development, and strategic collaborations, mergers, and acquisitions to establish a firm foothold in the industry. For instance:

In August 2021, Schneider Electric, a global data center hardware giant, entered an on-demand leasing program hardware deal with the American Power Conversion line for uninterruptable power supplies (UPS). The partnership will allow channel partners to offer improved visibility and front-end maintenance across their customers’ UPS systems.
In July 2021, ASM Global, a global leader in entertainment experience, announced a strategic collaboration with Honeywell International, a leader in connected buildings, to create smarter and safer venue operations and more enjoyable audience experiences across ASM’s diverse portfolio.

Leading Key Players:

Honeywell International
Beijer Electronics
ABB
Siemens AG
Johnson Controls
Schneider Electric
General Electric
Legrand
Lutron Electronics Co
Control4 Corporation

Building Automation Systems Market Segmentation:

By Product Type:

Hardware
Software
Services

By System Type:

Security & Surveillance
HVAC
Lighting Solutions
BEMS (Building Energy Management)

By Application Type:

Commercial
Residential
Government

By Region:

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

Author By:

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.

Have a Look at the Related Reports of the Industrial Automation Domain:

Compact Construction Equipment Industry Size: The valuation of the total sales of this industry in the year 2023 is estimated to be US$ 224.1 billion. This industry is expected to register a CAGR of 3.8% from 2023 to 2033. Based on the analysis report by FMI, it can reach US$ 325.4 billion by 2033.

Prefabricated Building System Industry Outlook: The global industry is anticipated to increase at a robust CAGR of over 6.1% between 2022 and 2032, totaling over US$ 18.5 Billion by 2032. Growth is attributable to the rapid expansion of the building and construction industry across the globe.

Variable Frequency Drive (VFD) Industry Analysis: In recent years, the VFD industry has received significant stimulus, growing on the back of heightened opportunities regarding infrastructure development across emerging regions, spurring demand for heating and ventilation systems.

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Contact Us:

Nandini Singh Sawlani