Excavators Market Demand Expected to Reach US$ 123.30 Billion by 2033

The global excavators market is anticipated to register considerable growth, exhibiting a CAGR of 5.2% from 2023 to 2033. According to the research report published by FMI, the market is likely to hit a valuation of US$ 74.27 billion in 2023 and US$ 123.30 billion by 2033.

The construction industry is being fueled by the rising urbanization of both developing and developed countries. As a result, there is a growing need for heavy-duty machinery in the construction sector. Excavators are frequently used in small-scale building, agriculture, forestry, and other operations. They are also employed in mining and sewage disposal applications. Many different types of soil can be dug up with excavators. In these applications, excavators are capable of carrying out a wide range of demanding tasks.

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Excavators are predicted to become more and more in demand as infrastructure projects and smart city construction pick up in countries like China, South Korea, India, and Japan. The expansion of mining operations in China, Vietnam, and Thailand is also anticipated to increase product sales. Asia Pacific’s market growth is projected to be facilitated by the presence of major industry players and their evolving business expansion strategies. Market growth is predicted to be boosted by the increased investments in megaprojects across developing countries.

The introduction of electric excavators and small excavators with cutting-edge technology is anticipated to open up investment potentials in the industry. Furthermore, the electrification of drivetrains to reduce carbon emissions is likely to contribute to product sales. The adoption of automated excavators is likely to augment in the coming years.

Key Takeaways from Excavators Market Report:

  • In 2018, the global market size stood at nearly US$ 57.64 billion.
  • Asia Pacific held the dominant share with a revenue of more than 41% in 2022. The region is likely to register a CAGR of 5.8% from 2023 to 2033.
  • The electric drive type segment is poised to exhibit a CAGR of 14.5% during the forecast period.
  • The excavators with up to 250 HP registered a huge market share nearly 70% in 2022. This segment is predicted to exhibit a CAGR of approximately 5.8% from 2023 to 2033.
  • The excavators weighing 46 > metric tons captured a massive 35% market share in 2022.
  • The wheeled excavator segment accounted for a revenue of nearly 72.6% in 2022.

Key Players in the Excavators Market Report:      

Atlas Copco, Caterpillar Inc., CNH Global NV, Doosan, Escorts Group, Hitachi Construction Machinery, Hyundai Heavy Industries Ltd, JC Bamford Excavators Ltd., John Deere, Kobelco, Komatsu Ltd., Liebherr-International AG, Manitou Group, Mitsubishi, Sany Heavy Industries Co Ltd., Sumitomo Heavy Industries Ltd, Terex Corporation, Volvo Construction Equipment AB.

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Excavators Market Segmentation

By Vehicle Weight:

  • < 10
  • 11 to 45
  • 46 >

By Engine Capacity:

  • up to 250 HP
  • 250 to 500 HP

By Type:

  • Wheel
  • Crawler

By Drive Type:

  • Electric
  • ICE

By Region:

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

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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United States Lightweight Body Panel Industry Forecasted to Reach US$ 54,359.1 million by 2033

The United States lightweight body panel industry analysis reveals a projected CAGR of 4.5% from 2023 to 2033. Sales are anticipated to reach US$ 34,867.8 million in 2023. It is projected to secure US$ 54,359.1 million by 2033. Revenue stood at a valuation of US$ 32,314.3 million in 2022.

The automotive lightweight body panel industry in the United States is a significant sector within the broader automotive manufacturing landscape. Lightweight body panels are crucial components in vehicle construction, contributing to improved fuel efficiency, reduced emissions, and enhanced performance. Here’s an analysis of this industry:

Market Overview:

The automotive lightweight body panel market in the United States is driven by several factors, including regulatory requirements for fuel efficiency and emissions reduction, consumer demand for more eco-friendly vehicles, and technological advancements in materials and manufacturing processes.

Lightweight body panels, such as those made from aluminum, carbon fiber reinforced polymer (CFRP), and advanced high-strength steel (AHSS), are increasingly replacing traditional steel panels in vehicle construction to reduce overall vehicle weight without compromising structural integrity or safety.

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Market Drivers:

Regulatory Standards: Stricter fuel economy and emissions regulations imposed by federal agencies such as the Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) drive automakers to adopt lightweight materials to meet mandated Corporate Average Fuel Economy (CAFE) standards.

Consumer Preferences: Changing consumer preferences towards fuel-efficient and environmentally friendly vehicles incentivize automakers to invest in lightweighting technologies to improve vehicle performance and appeal.

Technological Advancements: Innovations in materials science, manufacturing techniques, and joining technologies enable the production of lightweight body panels that offer superior strength, durability, and corrosion resistance compared to traditional steel panels.

Cost Reduction: Lightweighting initiatives aimed at reducing vehicle weight contribute to cost savings in fuel consumption and manufacturing, making lightweight body panels an attractive investment for automakers seeking to improve profitability.

Market Challenges:

Cost Considerations: The high initial cost of lightweight materials such as carbon fiber and aluminum presents a challenge for widespread adoption, especially in mass-market vehicles where cost-effectiveness is a primary concern.

Manufacturing Complexity: The adoption of lightweight materials often requires retooling and reengineering of manufacturing processes, posing challenges for automakers in terms of production scalability, supply chain integration, and workforce training.

Recycling and Sustainability: While lightweight materials offer environmental benefits in terms of reduced fuel consumption and emissions during vehicle operation, challenges remain in recycling and end-of-life disposal of composite materials, particularly carbon fiber, which requires specialized recycling infrastructure.

Key Players:

Automotive OEMs: Major automakers such as Ford, General Motors, Fiat Chrysler Automobiles (FCA), and Tesla are investing in lightweighting initiatives and collaborating with material suppliers and research institutions to develop innovative lightweight body panel solutions.

Material Suppliers: Companies specializing in lightweight materials, including aluminum producers such as Alcoa and Novelis, carbon fiber manufacturers like Toray Industries and SGL Carbon, and steel producers offering advanced high-strength steel solutions.

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Market Trends:

Multi-Material Solutions: Automakers are increasingly adopting multi-material approaches, combining aluminum, steel, composites, and other lightweight materials to optimize weight reduction while maintaining structural integrity and cost competitiveness.

Innovative Joining Technologies: Advancements in adhesive bonding, laser welding, and friction stir welding enable efficient joining of dissimilar materials, facilitating the integration of lightweight body panels into vehicle structures.

Electrification Impact: The electrification trend in the automotive industry, driven by the shift towards electric and hybrid vehicles, further underscores the importance of lightweighting to maximize battery range and optimize vehicle efficiency.

Future Outlook:

The automotive lightweight body panel industry in the United States is poised for continued growth, fueled by ongoing regulatory pressures, consumer demand for fuel-efficient vehicles, and advancements in lightweight materials and manufacturing technologies.

Collaboration among automakers, material suppliers, research institutions, and government agencies will play a crucial role in driving innovation, reducing costs, and overcoming technical challenges to accelerate the adoption of lightweight body panels in next-generation vehicles.

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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 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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T: +1-845-579-5705
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Thin Insulation Market Share Expected to Reach US$ 4 Billion by 2033

The thin insulation market is anticipated to increase at a CAGR of 5.5% from 2023 to 2033, reaching US$ 2.3 Billion by 2023. The thin insulation industry is to hit US$ 4 Billion by 2033. Excellent thermal resistance and UV protection are provided by thin insulation. The thin insulation market is expanding as a result of the building and construction industry’s explosive need for thin insulated films for use in window panels.

The pharmaceutical industry’s expanding usage of thin insulation to shield drugs from heat and moisture while in transit is another factor accelerating the market expansion. Moreover, the expanding use of thin, lightweight thermal insulation films in automobiles for soundproofing and heat reduction contributes to the market expansion for thin insulation. The thin insulation industry is constrained by the negative environmental effects of insulation film made of plastic.

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Increasing Use of Thin Insulation

The thin insulation industry may expand as a result of the growing use of plastic foams in the automotive industry, improved infrastructure, rising demand for strong, portable goods, and increased use in thermal and industrial operations. Rapid urbanization and expansion have also increased construction activities for infrastructure, commercial buildings, homes, and other structures, which may result in high thin insulation demand.

Spending on Improvements and Construction

It is predicted that between 2023 and 2033, the building and construction industry’s strong global spending may present significant prospects to thin insulation industry participants. Also, the market’s numerous developments and improvements may boost the thin insulation market’s potential future expansion.

Market Restraints for Thin Insulation

The thin insulation industry may face challenges as a result of the high capital expenses. Further, the market may suffer from the expanding environmental side effects. This factor may hamper the market growth rate for thin insulation.

North America, Thin Insulation Market, Takes the Lead

North America is anticipated to have a significant thin insulation market due to the existence of many important enterprises in the region. The main reasons impacting the need for thin insulation in the region are the increased emphasis on energy-efficient buildings, strict insulation regulations, and new building rules.

China is the swifts-growing country in the region, making the Asia Pacific region with quick market growth for thin insulation. Further, the number of people moving from rural to urban regions is rising, boosting the demand for new homes and expanding the market. The expanding construction industry and improvements in process manufacturing primarily drive the thin insulation industry in the Asia Pacific.

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Key Takeaways from Thin Insulation Market:

  • The foams segment in the type category to expand at a CAGR of 5.4% from 2023 to 2033.
  • In the end-use category, the automotive segment is estimated to develop at a CAGR of 5.2% between 2023 and 2033.
  • The United States thin insulation business reached US$ 734.4 million, expanding at a CAGR of 5.5% through 2033.
  • The United Kingdom thin insulation market is to reach US$ 156.8 million, evolving at a CAGR of 5.3% through 2033.
  • China’s thin insulation business is predicted to hit US$ 869.8 million, expanding at a CAGR of 5.4% through 2033.
  • South Korea’s thin insulation industry is anticipated to secure US$ 207.6 million, thriving at a CAGR of 5.0% through 2033.
  • Japan’s thin insulation business is to reach US$ 770.2 million, capturing a CAGR of 5.4% through 2033.

Competitive Landscape of Thin Insulation Market

There is market consolidation in the thin insulation sector. Key players in the market follow a few key strategies such as partnerships, acquisitions, and collaborations to strengthen their position in the market.

Top 5 Key Players of Thin Insulation Market

  1. Dow
  2. Armacell
  3. Johns Manville
  4. BASF SE
  5. Cabot Corporation

Crucial Advancement

  • Launch

Rich-E-Board, a 1′′ thick vacuum insulation, was introduced by R-50 Systems, LLC in August 2018. It is a green, sustainable, ultra-thin insulation option that insulates effectively compared to other options, cutting the price of structural renovations and building changes while boosting the amount of usable space for homes and businesses.

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Key Segments of Thin Insulation Market

By Type:

  • Foams
  • Vacuum Insulation Panels
  • Sheets & Films
  • Coatings
  • Others

By End-Use:

  • Building & Construction
  • Automotive
  • Aerospace
  • Oil & Gas
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America

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.

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Windscreen Adhesives Market Set to Reach US$ 5.5 Billion by 2033

In 2023, the Windscreen Adhesives Market is expected to be worth US$ 2.8 billion. The market is expected to reach US$ 5.5 billion by 2033, expanding at an 7.8% CAGR throughout the forecast period. The Windscreen Adhesives industry is driven by several factors, including the quick development of emerging nations and the increasing need for lightweight and durable vehicle.

Windscreen Adhesives are becoming necessary to give the car’s windscreen enough support in a collision or accident to keep passengers safe. For you to be as safe as possible, your automobile windscreen must have a high-quality adhesive. The increased demand for these adhesives is also being fueled by growing awareness of lightweight vehicle.

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The Windscreen Adhesives industry faces several obstacles, including high initial costs and a lack of suitable alternatives. For new companies in the industry, the high initial cost of Windscreen Adhesivess represents a considerable barrier. Additionally, these devices can have high operational and maintenance costs, which end users find concerning.

The market is flooded with opportunities that provide comparable advantages at a cheap price, which is a serious threat to the Windscreen Adhesives sector. The necessity for durability and strength of adhesives might help the Windscreen Adhesives sector expand.

The Windscreen Adhesives business has a lot to gain from the OEM industry. As it is OEM-recommended adhesive type In the case of a rollover, polyurethane stops your car’s windscreen from separating from the frame or folding inward on you. Additionally, it is exceptionally robust and abrasion-resistant, has superior elongation and exceptional flexibility.

Over the past century, heavy equipment and speciality vehicles’ windscreen bonding and sealing have changed. Although older style tractors and vehicles still use conventional rubber mounted gaskets and sticky butyl tapes in the field, original equipment manufacturers (OEMs) and repair and maintenance specialists now prefer to use liquid adhesives to secure stationary windows and windscreens to vehicle cabs.

Key Takeaways from the Windscreen Adhesives Market:

  • The Windscreen Adhesives industry in the United States is predicted to reach US$ 0.8 billion by 2033, increasing at a 6.9% CAGR.
  • The Windscreen Adhesives industry in the United Kingdom is estimated to reach a market share of US$ 0.71 billion, expanding at a CAGR of 7.2% by 2033.
  • During the forecast period, the Windscreen Adhesives industry in China is expected to reach a market share of US$ 1.1 billion, securing an 7.1% CAGR.
  • The Windscreen Adhesives industry in Japan is predicted to reach US$ 0.93 billion by 2033, increasing at a 7.1% CAGR.
  • South Korea’s Windscreen Adhesives industry is predicted to achieve a market share of US$ 0.88 billion, rising at an 7% CAGR during the forecast period.
  • With a CAGR of 7.9% from 2022 to 2033, the Polyurathane segment is expected to dominate the Windscreen Adhesives industry.
  • With a CAGR of 7.8% from 2022 to 2033, the Automobile industry is expected to dominate the Windscreen Adhesives industry.

How Does the Competition Look in the Windscreen Adhesives Market?

The Windscreen Adhesives industry has a highly competitive landscape, with a significant number of players vying for market share. Several significant participants in this industry comprise Henkel Adhesive Technologies, DOW Inc, 3M, H.B. Fuller, WEICON, Panacol, Marston-Domsel, Master BondInc, Krafft, Permatex among other companies.

The main players are notably investing in research and development endeavors to create novel and inventive goods that provide improved effectiveness, dependability, and affordability. They are additionally concentrating on broadening their range of products and reinforcing their distribution channels to meet the changing demands of clients.

Tactical alliances and associations with other corporations are progressively prevalent in the sector, enabling participants to utilize one another’s capabilities and broaden their influence in the marketplace.

Consolidation and mergers are being utilized by leading players to fortify their market standing and acquire entry to fresh markets. The sector is experiencing notable expansion in developing economies, especially in nations such as India and China.

Key players are expanding their presence in these markets by establishing local manufacturing facilities and strengthening their distribution networks. They are also focusing on offering cost-effective solutions to customers in these markets to gain a competitive edge.

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Segmentation Analysis of the Windscreen Adhesives Market

By Adhesive Type:

  • Urathane
  • Polyurathane
  • Silyl modified Polymer
  • Modified silane Polymer

By Curing Method:

  • UV Curing
  • Heat Curing
  • Moisture Curing
  • Microwave Curing

By Application Method:

  • Brushing
  • Flowing
  • Spraying

By End Use Industry:

  • Automobile
  • Aerospace

By Region:

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

 

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Automotive Torque Rod Market Share to Reach US$ 11,095.4 Million by 2033

In 2023, the Automotive Torque Rod Market is anticipated to reach a valuation of US$ 8,256.0 million. With a projected CAGR of 3.0% throughout the forecast period, the market is expected to reach US$ 11,095.4 million by 2033. The growth of the Automotive Torque Rod market is propelled by various factors, including the rapid growth of emerging economies and the escalating demand for enhanced vehicle dynamics and performance.

The automotive torque rod market is experiencing a significant upswing in demand driven by the prioritization of vehicle safety and improved driving experiences. With the automotive market expanding rapidly, the need for dependable torque rod solutions has grown exponentially. Moreover, the increasing environmental and health consciousness regarding vehicle emissions is propelling the demand for torque rods that enhance fuel efficiency and minimize vibrations. The automotive torque rod market is adept at addressing these evolving demands, ensuring it meets the dynamic needs of the automotive sector effectively.

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The automotive torque rod market faces hurdles such as high manufacturing costs, limited alternatives, and maintenance concerns. New entrants grapple with substantial initial investments. Yet, ongoing Research and development aims to innovate cost-effective solutions and improve performance, addressing challenges and boosting acceptance of torque rods.

This integration of torque rods with advanced driver assistance systems (ADAS) represents a significant advancement in vehicle safety and stability control. By collaborating with traction control systems, electronic stability control, and other safety-enhancing functionalities, torque rods play a crucial role in optimizing torque distribution and improving stability control in diverse driving conditions. Through the seamless interaction between torque rods and ADAS, the vehicle’s torque distribution can be dynamically adjusted based on real-time data from sensors and other vehicle systems.

The development of active torque rod systems equipped with sensors and actuators enables real-time monitoring and adjustment of torque distribution. This enhances traction control, stability, and handling, providing a more dynamic driving experience.

Additive manufacturing, or 3D printing, is revolutionizing torque rod production by enabling intricate designs that were previously unattainable. This technology allows for complex shapes and internal structures, enhancing performance, reducing weight, and lowering costs in the automotive market.

Key Takeaways from the Automotive torque rod Market:

  • The Automotive torque rod market in the United States is predicted to reach US$ 2,715.1 million by 2033, increasing at a 3.2% CAGR.
  • The Automotive torque rod market in the Germany is estimated to reach a market share of US$ 2,611.6 million, expanding at a CAGR of 2.8 % by 2033.
  • During the forecast period, the automotive torque rod market in China is expected to reach a market share of US$ 2,822.1 million, securing an 3.6% CAGR.
  • With a 78% of market share 2022 to 2033, the passenger car segment is expected to dominate the automotive torque rod market.

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How Does the Competition Look in the automotive torque rod Market?

The Automotive Torque Rod market is characterized by intense competition, with numerous players striving to secure their market share. Key market participants, including ZF Friedrichshafen AG, Astronics Corp, Harsons Ventures, SOGEFI, and Magneti Marelli, among others, contribute to the dynamic and competitive landscape of this sector.

Prominent players are making substantial investments in research and development to introduce innovative products that deliver enhanced efficiency, reliability, and affordability. Moreover, they are focused on expanding their product portfolios and strengthening distribution networks to cater to evolving customer demands. These strategic efforts highlight their commitment to meeting the unique requirements.

Strategic collaborations and partnerships are becoming increasingly common in the market, empowering market participants to leverage each other’s strengths and expand their market presence. These alliances enable companies to enhance their capabilities, tap into new opportunities, and foster innovation, ultimately driving growth and competitiveness in the dynamic automotive torque rod market.

The cost of developing new torque rod technologies is rising, which is putting pressure on smaller companies to merge with larger companies that have the resources to fund research and development. Which is forcing smaller companies to merge with larger companies that have the capacity to scale up production. Leading players in the automotive torque rod market are merging with and acquiring smaller companies to gain access to new markets, such as India and China.

Segmentation Analysis of the Automotive Torque Rod Market

by Vehicle Type:

  • Passenger Cars
  • Compact
  • Mid-Size
  • Luxury
  • SUV
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Electric Vehicles
  • others

By Application:

  • Front Suspension
  • Rear Suspension
  • Sub frame Mounting

By Material Type:

  • Steel Torque Rods
  • Aluminum Torque Rods
  • Composite Torque Rods

By Sales Channel:

  • OEM
  • Aftermarket

By Torque Rod Type:

  • Fixed Torque rods
  • Adjustable Torque rods
  • Panhard Rods

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Central Asia
  • Russia and Belarus
  • Balkan and Baltic Countries
  • The Middle East & Africa
  • East Asia
  • South Asia and Pacific

About Future Market Insights (FMI) 

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Industrial Absorbent Market Set to Expand with 3.7% CAGR, Expected to Reach US$ 6.5 Billion by 2034

The industrial absorbent market is estimated to be worth US$ 4.5 billion in 2024 and is projected to be valued at US$ 6.5 billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 3.7%. The expanding scope of industries, including manufacturing, oil and gas, chemicals, automotive, and healthcare, is driving the demand for industrial absorbents.

These sectors require effective spill management solutions to address spills, leaks, and drips occurring during various stages such as production, transportation, and storage. This increasing demand is propelling the growth of the industrial absorbents market.

Rising environmental concerns and a growing imperative for businesses to monitor their environmental impact are expected to drive the global industrial absorbents industry forward in the coming years. The demand for eco-friendly, high-performance absorbent materials is anticipated to fuel innovation and shape the future of spill management solutions across various sectors worldwide.

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The global surge in oil and gas consumption has necessitated a significant increase in production to meet demand, raising the likelihood of oil spills during extraction activities. To safeguard both individuals and the environment from these risks, industrial absorbents are extensively utilized. There has been a notable uptick in the demand for industrial absorbents.

The projected rise in the adoption of industrial absorbents within the oil and gas sector presents manufacturers with a prime opportunity to innovate and create absorbent materials that offer both effectiveness and affordability. The exploration of new crude oil and natural gas reservoirs further amplifies the business prospects for industrial absorbent manufacturers worldwide.

Key Takeaways from the Industry Study

  • From 2019 to 2023, the industrial absorbent market expanded at a CAGR of 5.7%.
  • Based on the type, the organic segment is expected to rise at a CAGR of 3.5% from 2024 to 2034.
  • The industrial absorbent demand in China is predicted to grow at a CAGR of 4.0% through 2034.
  • In the United States, the industrial absorbent industry is estimated to register a CAGR of 3.9% from 2024 to 2034.
  • The United Kingdom is projected to expand by a value CAGR of 4.6% between 2024 and 2034.
  • The industrial absorbent market in Japan is anticipated to record a CAGR of 4.4% during 2034.

“The stringent environmental regulations, which mandate the use of effective spill control measures and growing emphasis on workplace safety propelling the growth of the industrial absorbent market,” says Analyst at Future Market Insights, Inc.

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Competitive Landscape

Key players in the global industrial absorbent market are strategically prioritizing collaboration, expansion, and the introduction of innovative products. The market players expanding market presence by entering new geographical regions or strengthening existing footholds through acquisitions, mergers, or partnerships.

  • In January 2023, ANSELL Ltd. unveiled a partnership with Vizient, Inc., focusing on room turnover essentials. Under this collaboration, Vizient members gain access to discounted rates on an extensive array of room turnover items, including absorbent floor pads, disposable linens, mops, waste bags, patient positioning straps, and turnover packs.
  • Decorus Europe offers a range of industrial absorbent products, including pads, socks, and pillows, designed to meet the spill containment and cleanup needs of various industries.
  • Meltblown Technologies Inc. produces absorbent materials using advanced manufacturing processes, offering efficient solutions for spill response and environmental protection.

Key Players in the Industrial Absorbent Market

  • Kimberly-Clark Worldwide Inc.
  • 3M
  • Johnson Matthey
  • ANSELL LTD
  • Brady Worldwide Inc.
  • Monarch Green Inc.
  • Decorus Europe
  • Meltblown Technologies Inc.
  • TOLSA
  • UES Promura

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Industrial Absorbent Market – Key Segments

By Type:

  • Organic
  • Inorganic
  • Synthetic

By Material:

  • Clay
  • Diatomaceous Earth
  • Cellulose
  • Polypropylene
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Vinyl Ester Market Forecasted to Reach US$ 2.6 Billion, Growing at 6.4% CAGR Through 2034

The vinyl ester market size is likely to be worth US$ 1.4 billion in 2024. The demand for vinyl ester is projected to spike at a CAGR of 6.4% through 2034. The industry is likely to surpass US$ 2.6 billion by 2034. The vinyl ester industry is propelled by its exceptional corrosion resistance properties, making it a preferred choice in various applications such as chemical processing, marine, and construction.

The increasing demand for lightweight and durable materials in industries like automotive and aerospace further drives the growth of vinyl ester usage. Moreover, the rising focus on environmental sustainability has shifted towards bio-based vinyl esters, contributing to market expansion.

The vinyl ester manufacturers face challenges such as volatility in raw material prices, particularly in the petrochemical sector. Additionally, stringent environmental regulations regarding emissions and waste disposal pose compliance challenges for manufacturers. Moreover, the limited availability of skilled labor and expertise in handling vinyl ester materials hampers market growth in certain regions.

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Recent trends in the vinyl ester industry include the adoption of bio-based and sustainable formulations to meet eco-friendly regulations and consumer preferences. Additionally, advancements in manufacturing technologies, such as resin infusion processes and 3D printing, enable the production of complex and lightweight structures with improved performance characteristics. Furthermore, collaborations and partnerships among key players to develop novel vinyl ester composites for niche applications signify a growing focus on innovation and market diversification.

“The vinyl ester industry presents significant opportunities for growth, particularly in emerging economies where infrastructural development is on the rise. Rapid urbanization and industrialization drive the demand for vinyl ester-based products in construction, water treatment, and automotive sectors.” – says Analyst at Future Market Insights, Inc.)

Key Takeaways from the Vinyl Ester Market

  • The vinyl ester industry in the United States is expected to grow steadily at a CAGR of 6.6% through 2034.
  • The vinyl ester industry in the United Kingdom is forecasted to grow robustly at a CAGR of 7.6% through 2034.
  • China’s vinyl ester industry is poised for significant expansion with a projected CAGR of 6.8% through 2034.
  • Japan’s vinyl ester industry is expected to experience robust growth with a projected CAGR of 7.8% through 2034.
  • The vinyl ester industry in South Korea is anticipated to rise steadily at a CAGR of 7.5% through 2034.
  • Bisphenol A Diglycidyl Ether (DGEBA) segment is likely to expand at a CAGR of 6.2% through 2034.
  • The airborne segment is anticipated to witness expansion at a CAGR of 5.4% through 2034.

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Competitive Landscape of the Vinyl Ester Market

In the competitive vinyl ester market, several key players vie for market share dominance through product innovation, strategic partnerships, and expansion initiatives. These industry giants continuously invest in research and development to introduce advanced vinyl ester formulations that cater to diverse industrial applications, including construction, marine, and automotive sectors.

Amidst intensifying competition, market players focus on strengthening their foothold in emerging regions such as Asia Pacific and Latin America, where increasing industrialization and infrastructural development offer lucrative growth opportunities. By forging partnerships with local distributors and suppliers, key players aim to penetrate new markets and capitalize on the growing demand for vinyl ester products across various end-user industries.

Technological advancements and growing environmental concerns propel market players to develop eco-friendly and sustainable vinyl ester formulations. Companies prioritize the development of bio-based resins and recyclable materials to address sustainability goals and meet stringent regulatory standards. Additionally, investments in efficient manufacturing processes and supply chain optimization contribute to cost reduction and enhance market competitiveness.

Recent Developments in the Vinyl Ester Market

  • Reichhold has announced DION® 31040-00, a new vinyl ester resin optimized for high-performance maritime, industrial, and transportation applications. The resin has excellent mechanical qualities, corrosion resistance, and little shrinkage.
  • Allnex has introduced a new vinyl ester resin, VIAPAL® VUP 9736, designed specifically to fabricate fiber-reinforced plastic (FRP) pipes and tanks.
  • Scott Bader has created a new vinyl ester resin, Crystic® VE 6790PA, that is pre-accelerated for spray-up and hand lay-up. The resin exhibits strong reactivity, minimal styrene emission, and excellent wetting qualities.
  • Ashland Global Holdings has agreed to sell its composites business, which includes vinyl ester resins, to INEOS Enterprises for US$ 1.1 billion. The deal is scheduled to conclude at the end of the first quarter of 2024.
  • Aristech Inc. has purchased AOCifi, a Chinese firm that manufactures vinyl ester resins and other specialty chemicals. The purchase will boost Aristech’s footprint and capabilities in Asia Pacific.

Key Companies in the Market

  • Polynt
  • Swancor
  • Reichhold LLC 2
  • AOC, LLC.
  • DIC Corporation

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Key Segments

By Type:

  • Bisphenol A Diglycidyl Ether (DGEBA)
  • Epoxy Phenol Novolac (EPN)
  • Brominated Fire Retardant
  • Others

By Application:

  • Pipes & Tanks
  • Paints & Coatings
  • Transportation
  • Pulp & Paper
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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By the End of 2033, the Baby Personal Care Market is Expected to Surpass US$ 8.71 Billion | FMI

According to Future Market Insights, global the baby personal care products market size is anticipated to be valued at US$ 88.6 billion in 2023 and is estimated to reach US$ 167.9 billion by 2033. The sales of baby personal care products are anticipated to secure a CAGR of 6.6% during the forecast period.

There’s a study showing that in 61% of parents buy care products with natural ingredients when they purchase products for the babies and children. In the contrast, 82% of the parents will not buy products that contain chemicals for their children, whilst 54% would like purchase environmental friendly products. One of among the aspects that parents deliberate is … the use of organic products in taking care of their babies.

While the fourth industrial revolution gathers momentum, brands compete in researching and developing new technologies which help parents while staying relevant to a radically different market.

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Increasing product research and development investments, combined with the growing trend of organic ingredient-based baby care products, have urged manufacturers to launch new products through popular supermarkets and specialty stores.

  • In August 2021, a popular baby care brand, Baby Dove partnered with Walmart to launch a new line of shampoo, conditioner, baby wash, and skin cream for infants with sensitive skin and multiracial babies. Such product offerings are expected to have a positive impact on market growth.

Key Takeaways from Market Study

  • Skincare is the leading segment with a growth of 6.8%. Newborn babies are more prone to skin diseases and rashes which fuel segment demand. Additionally, the high availability of various products and offerings fuels market demand.
  • Modern trade has emerged as a valuable asset for the market leading sales towards growth of 5.9%. The market segment for essential baby care products, in particular toiletries, diapers, toys, and garments, is expanding at a pace of 13–14% each year as a result of more internet marketplaces.
  • United States holds a substantial share of the market contributing revenue of US$ 25 billion by 2033. High per-capita income and increased customer spendings on infant care are the key factors supporting this dominance.
  • India market is growing at an impressive rate of 8.0%. Numerous well-known local and regional companies contribute to the fierce competition in India’s infant care products industry. In recent years, demand for baby care goods in India has increased due to increased consumer knowledge and disposable income.

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Manufacturers are focusing on Big wins through Omnichannel Strategies

To broaden their consumer base, leading manufacturers in the baby care product market are capitalizing on emerging market opportunities. Key players are investing in physical retail and promotions to mitigate the impact of a single promotion. Omnichannel strategies are likely to yield a return on investment. Organic baby infant nutrition and prebiotics-infused infant nutrition are among the products available in the market.

Nestle SA is one of the foremost revenue generators, with popular brands such as Ceregrow, Lactogen, and Gerber, followed by Procter & Gamble, with Pampers being the most popular brand. Large multinational consumer goods companies are introducing premium baby care products as extensions of their core personal care brands.

Key Segments

By Product:

  • Skincare
  • Body Care
  • Hair Care
  • Oral Care
  • Toiletries
  • Fragrances & Deodorants
  • Color Cosmetics

By Nature:

  • Organic
  • Conventional

By End Use:

  • Individual/Residential
  • Institutional/Commercial

By Price:

  • Mass
  • Premium

By Gender:

  • Boys
  • Girls
  • Unisex

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • The Middle East & Africa (MEA)

Latest Developments:

  • In July 2019, Pampers, a Procter & Gamble (P & G) brand, introduced ‘Lumi’ smart diapers. The system is comprised of an all-in-one connected device that includes two activity sensors for diapers, a Logitech camera that functions as a Wi-Fi monitor, and an app that records all data. This new product monitors a baby’s sleeping and peeing habits.
  • In August 2019, Kimberly-Clark and UNICEF collaborated to enhance the lives of nearly two million young children and infants in 16 Latin American and Caribbean countries. Kimberly-contribution Huggies’ global ‘No Baby Unhugged’ program will be used to support and grow UNICEF’s current Early Childhood Development (ECD) initiatives in some Latin American countries over the next three years.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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By 2033, the Ceramic Barbecue Grill Market in North America is Expected to Reach US$ 1,594.8 Million | FMI

The North America ceramic barbeque grill market is anticipated to reach US$ 953.3 million in 2023. By 2033, it is expected to reach US$ 1,594,8 million.

Rate of growth would be 5.3% CAGR between 2023 and 2033. Market share for ceramic barbecue grills in North America ranges from 16% to 25% of the overall barbecue market.

Manufacturing companies are investing in innovative product launches so that they can advance the grilling experience. They are providing high-quality products on board.

The ceramic barbecue grill market in North America is a booming area of the outdoor cooking market. Increasingly more people are using ceramic grills owing to its adaptability. Sales would also surge due to their comfort with baking, smoking, and grilling.

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Ceramic grills are built to last for several years as they are composed of premium materials. They are renowned for their superior heat dispersion and retention as well.

It aids in maintaining moisture in food while cooking it evenly. Ceramic grills come in a variety of shapes and sizes. They are available in big outdoor kitchen settings, as well as small portable models.

Growing acceptance of outside cooking and barbecuing culture is one of the key factors driving the ceramic grill market in North America. Interest in cooking and planning outdoor entertaining events is growing among Americans.

Grills made of ceramic provide a special and adaptable technique to do this. Demand for outdoor cooking supplies had increased as a result of the coronavirus outbreak.

During that time, people were staying at home more frequently. They were searching for novel ways to amuse themselves.

Key Takeaways from the North America Ceramic Barbeque Grill Market Study

  • In North America, the USA ceramic barbeque grill market would hold a share of 85.9% by 2033.
  • Demand for charcoal ceramic is expected to increase with a CAGR of 3.6% by the end of 2033.
  • On the basis of end use, the commercial segment accounted for a revenue share of more than 24.4% in 2022.
  • By sales channel, independent kitchen appliance stores held a share of around 31.1% in 2022.
  • Canada ceramic barbeque grill market would rise with a CAGR of 9.1% in the forecast period.

“Due to stressed lifestyles, outdoor activities such as camping and living in the great outdoors have become popular recently. People nowadays value social interaction and healthy life. It would push sales in the market.” – Says a lead analyst.

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Competitive Landscape: North America Ceramic Barbeque Grill Market

Leading manufacturers of ceramic barbeque grills are focused on aggressive promotional strategies. They are also focusing on advertisements and new product launches to propel sales of ceramic barbeque grills.

Leading players operating in the North America ceramic barbeque grill market are:

  • The Big Green Egg Inc.
  • Komodo Kamado
  • Kamado Joe
  • Empire Comfort Systems Inc.
  • Empire Comfort Systems Inc.
  • The Middleby Corp.
  • Dansons US LLC
  • Grill Dome
  • Saffire Grill
  • Icon Grills
  • Vision Grills

Get More Valuable Insights into North America Ceramic Barbeque Grill Market

Future Market Insights, in its new offering, provides an unbiased analysis of the North America ceramic barbeque grill market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights on the North America ceramic barbeque grill market based on product type (gas ceramic grills, charcoal ceramic grills, electric ceramic grills), size (13 inches to 15 inches, 16 inches to 22 inches, 23 inches & above), end use (residential, commercial), sales channel (wholesalers/distributors, hypermarkets/supermarket, independent kitchen appliance stores, online retailers), and counties.

North America Ceramic Barbeque Grill Market Outlook by Category

By Product Type:

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

By Size:

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

By End Use:

  • Residential
  • Commercial

By Sales Channel:

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

By Country:

  • USA
  • Canada

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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USA Bird Food Market is Projected to Reach at a US$ 3,931.1 Million by 2033 | FMI

In 2023, the US market for bird food is projected to be worth US$ 3,011.0 million. By 2033, it is anticipated to reach US$ 3,931.1 million. From 2023 to 2033, it would grow at a CAGR of 2.5% . The United States holds a 20% to 25% market share in the worldwide pet food business, which is its parent market.

The petting of small and not demanding animals, such as cats or dwarf horses, is more efficient and convenient than the wooly mastiffs and gray donkeys. In the end, owners are ready to do so that its dogs can have the best care.

Lots of people gained consolation and might be relaxed during the pandemic by other people. Pet owners can show the gratitude of having a pet in terms of an increased chance of keeping more pets and spending on their health and general well-being. They are for the purpose that they will have something to enjoy their animals’ benefits in their lives.

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They are hence prepared to invest more to guarantee that their dogs receive the best care available. The following are few of the main advantages of keeping a pet bird, according to bird owners:

  • Birds offer camaraderie, love, and affection (45%)
  • Happiness and emotional support (56%
  • Stress relief (62%)
  • Entertaining to watch and keep at home (50%)

For instance, more than 9 million families in the USA maintain birds as pets, which would further boost bird food sales in the nation. The same source also states that 14% of all respondents, including pet owners and non-pet owners, purchased a new pet during the epidemic.

At least 25% of new pet owners said the pandemic had an impact on their most recent pet purchase. It included dogs (47%), birds (46%), saltwater fish (60%), reptiles (27%), cats (40%), freshwater fish (34%), small animals (46%), and horses (27%).

Key Takeaways from the USA Bird Food Market Study

  • Top 5 bird food producers in the USA generated around 15% to 20% of share in 2022.
  • By product type, the sunflower seeds/hearts segment generated a share of more than 1% in 2022.
  • Based on price range, the under US$ 15 segment held more than 35% of total revenue in 2022.
  • In terms of sales channel, the indirect category accounted for 4% of total revenue in 2022.
  • Kaytee Products, Inc., Pennington Seed, Inc., and Wild Birds Unlimited, Inc. are top 3 USA-based bird food manufacturers.

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Competitive Landscape: USA Bird Food Market

Market players are increasingly focusing on introducing various initiatives to promote new products. Apart from product offerings, players are also providing services and recommendations to bird owners in terms of various bird food.

For instance, Des Moins Feed Co. Inc. actively assists its customers regarding bird feed supplies. It also helps them to choose a suitable food as per the age of birds. It helps the company to maintain a strong relationship with its customers and gain a new client base.

Leading players present in the USA bird food market are:

  • Kaytee Products, Inc.
  • Pennington Seed, Inc.
  • Wild Birds Unlimited, Inc.
  • Des Moins Feed Co. Inc.
  • GLOBAL HARVEST FOODS LLC.
  • M. Brown’s Sons, Inc.
  • Wagner’s LLC.
  • Hartz
  • Mars Inc.
  • Nestle SA

Get More Valuable Insights into USA Bird Food Market

Future Market Insights, in its new offering, provides an unbiased analysis of the USA bird food market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights on the USA bird food market by product type (sunflower seeds/hearts, peanuts, niger, millet), price range (under US$ 15, US$ 15 to US$ 25, US$ 25 to US$ 50, US$ 50 to US$ 75, above US$ 75), and sales channel (direct sales, indirect sales).

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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