Global Branded Generics Industry Envisaging an 8.6% CAGR and a Staggering US$ 747.2 Million by 2033 | FMI

The Global Branded Generics Industry is on the brink of a remarkable transformation, propelled by unprecedented market dynamics and evolving healthcare landscapes. According to industry experts at Future Market Insights (FMI), the sector is primed to achieve substantial growth, surging from an estimated value of US$ 327.8 million in 2023 to a staggering US$ 747.2 million by 2033, marking an impressive Compound Annual Growth Rate (CAGR) of 8.6%.

The surge in the branded generics market can be attributed to several key factors. Firstly, the expiration of patents for numerous blockbuster drugs has opened avenues for the introduction of branded generics, facilitating increased competition and affordability. Moreover, as chronic illnesses continue to afflict populations worldwide, there is a growing demand for accessible and cost-effective healthcare solutions. Branded generics, alongside pharmaceuticals reintroduced under new brand names, serve as vital components in addressing diverse medical conditions, bolstering the generic drug sector significantly.

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Since branded generics are free from patenting, companies are investing handsome amounts on this drug category. The market is set to reach a valuation of around 283.2 Bn in 2021, with top players in tier-1 accounting for 20%-25% market share.

The entry of new players, simple market authorization procedures, greater profit margin and off-invoice discounts will expand the Global Branded Generics Industry during the forecast period.

As per the FMI’s analysis, despite the slight setback due to the pandemic, the Global Branded Generics Industry registered year-on-year (Y-o-Y) growth at 4.9% CAGR during 2020-2021.

“Rising demand for branded generics across both developing and developed economies along with high penetration of pharmaceutical industry will offer lucrative growth opportunities for the branded generics manufacturers during the forecast period” says the FMI analyst.

Key Takeaways from FMI’s Global Branded Generics Industry Study

  • China and India are spearheading the growth of Asia Pacific market spurred by the increasing adoption of branded generics by large-scale pharmacy chains in the emerging economies
  • The U.S. will lead the North America’s branded generics market, registering a growth at 3.83% CAGR during the forecast period.
  • The market in India is expected to offer lucrative growth opportunities to branded generics manufacturers backed the expansion of pharmaceutical industry
  • In terms of therapeutic application, cardiovascular diseases and diabetes are expected to account for considerable market share
  • Oral solid dose pharmaceutical formulation continues to be highly preferred among patients. The oral segment accounts for over 55% share of the global branded generics market.

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Global Branded Generics Industry Competitive Landscape

Teva, Abbott Laboratories, Novartis, Mylan, and Pfizer are some prominent players operating in the Global Branded Generics Industry cumulatively hold around 20-25% market share.

Key players operating in branded generic market are focusing on expanding their business in emerging markets. They are adopting various organic and inorganic growth strategies such as mergers and acquisitions, advanced product development and collaborations to gain a competitive edge in the market.

  • In October 2020, Glenmark Pharmaceuticals introduces NINDANIB (Nintedanib) for the treatment of pulmonary fibrosis in India. Glenmark has been amongst the first to launch the branded generic version at an affordable cost for the treatment of pulmonary fibrosis in India.

Global Branded Generics Industry by Category Therapeutic Application:

  • Oncology
  • Cardiovascular Diseases
  • Diabetes
  • Neurology
  • Gastrointestinal Diseases
  • Dermatology Diseases
  • Analgesics and Anti-inflammatory
  • Others

Drug Class:

  • Alkylating Agents
  • Antimetabolites
  • Hormones
  • Anti-Hypertensive
  • Lipid Lowering Drugs
  • Anti-Depressants
  • Anti-Psychotics
  • Anti-Epileptics
  • Others

Formulation Type:

  • Oral
  • Parenteral
  • Topical
  • Others

Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Drug Stores

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Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Aircraft Ground Support Equipment Industry: CAGR of 6.8% and US$ 21.2 Billion Forecasted by 2033

The Aircraft Ground Support Equipment Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Aircraft Ground Support Equipment market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Aircraft Ground Support Equipment. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Aircraft Ground Support Equipment (GSE) Market is currently experiencing significant growth, primarily driven by the increasing demand for air travel and subsequent surge in air traffic. As passenger volumes and flight frequencies continue to rise, airports face a critical need for highly efficient and reliable ground support equipment to facilitate essential aircraft servicing, luggage handling, refueling, and other vital ground operations. Furthermore, this demand for advanced GSE is further amplified by the continuous expansion of airline fleets and the opening of new routes.

Projections suggest that the global aircraft ground support equipment market is set to achieve a substantial valuation of approximately US$ 11.0 million by 2023. This remarkable growth is fueled by ongoing expansion and modernization initiatives at airports worldwide. Looking ahead to 2033, the market is expected to reach a significant milestone, with an estimated valuation of US$ 21.2 billion. This trajectory reflects a commendable Compound Annual Growth Rate (CAGR) of 6.8% from 2023 to 2033.

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The increasing demand for air travel and subsequent rise in air traffic are significant drivers fueling the need for aircraft ground support equipment. With escalating passenger numbers and flight frequencies, airports are increasingly reliant on efficient and reliable ground support equipment to manage a range of operations including aircraft servicing, baggage handling, refueling, and other ground-based functions. Moreover, the expansion of airline fleets and route networks emphasizes the importance of advanced ground support equipment in the aviation industry.

The global expansion and modernization of airports require the deployment of cutting-edge ground support equipment. As airports undertake ambitious infrastructure development projects such as runway extensions, terminal expansions, and the construction of new facilities, there is a corresponding need for integrating state-of-the-art ground support equipment to meet evolving operational demands. This necessity highlights the adoption of automated systems, electric-powered machinery, and advanced technologies aimed at optimizing efficiency and enhancing the overall passenger experience.

The Asia-Pacific region is experiencing significant growth in the aviation sector, driven by increasing demand for air travel and concurrent expansion of airport infrastructure. Notably, countries like China, India, and various Southeast Asian nations have witnessed remarkable growth in air traffic. This rapid increase in demand underscores the urgent requirement for advanced ground support equipment, essential for maintaining efficient ground operations and ensuring seamless aircraft servicing.

Top of Form

Key Takeaways from the Market Study

  • From 2018 to 2022, the aircraft ground support equipment market demand expanded at a CAGR of 6.4%
  • Based on equipment, the aircraft service segment accounts for a CAGR of 6.7%
  • By ownership, the rental segment is expected to expand at a CAGR of 6.5% during the forecast period
  • North America to emerge as a promising aircraft ground support equipment market, capturing a CAGR of 6.7%
  • The aircraft ground support equipment market in the United Kingdom is predicted to capture a market share of 35.2%
  • Asia Pacific to be an opportunistic aircraft ground support equipment market, expected to capture a CAGR of 6% during the forecast period.

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Competitive Landscape

The global aircraft ground-supporting equipment market exhibits a notable degree of fragmentation, characterized by the presence of numerous significant players ranging from large corporations to medium-sized enterprises. Within this competitive landscape, industry leaders are actively engaging in strategic partnerships and agreements as part of their concerted efforts to secure and expand their market share.

Prominently, key players in the aircraft ground-supporting equipment sector include:JBT Corporation

  • Air T, Inc.
  • Textron, Inc.
  • China International Marine Containers (Group) Co., Ltd
  • Weihai Guangtai Airport Equipment Co., Ltd.
  • Cavotec SA,
  • ALVEST Group
  • MulagFahrzeugwerk Heinz Wössner GmbH u. Co. KG
  • Tronair, Inc.
  • Lektro Inc.

Textron ground support equipment has focused on developing electric ground support equipment to meet sustainability goals. They have introduced electric towbarless aircraft tractors, electric belt loaders, and electric ground power units (GPU) that provide cleaner and quieter operations.

JBT Corporation has been investing in advanced technologies for their ground support equipment products. They have developed automated guided vehicles (AGVs) for baggage handling, autonomous tow tractors, and intelligent ramp management systems that optimize aircraft parking and movement on the ground.

TLD Group has been actively involved in developing electric ground support equipment solutions. They have introduced electric aircraft pushback tractors, electric baggage tractors, and electric GPUs to reduce emissions and noise levels. They also offer advanced GSE management systems that enable real-time monitoring and optimization of ground operations.

Know More About What the Aircraft Ground-Supporting Equipment Market Report Covers

Future Market Insights offers an unbiased analysis of the global aircraft ground-supporting equipment market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the aircraft ground-supporting equipment market, the market is segmented based on equipment, power, application, and application across five major regions.

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Aircraft Ground Support Equipment Market by Category

By Equipment:

  • Passenger Service
  • Boarding Steps & Stairs
  • Airport Buses & Transport
  • Beds/Chairs Lifts
  • Aircraft Service
  • Refuelers
  • Tugs & Tractors
  • Ground Power Unit (GPU)
  • Air Start Units (ASU)
  • Lavatory Service Vehicles
  • De-icing Vehicles
  • Rescue & Firefighting
  • Air Conditioners
  • Others
  • Cargo Loading
  • Container Loaders
  • Belt Loaders
  • Cargo Transporters
  • Cargo Dollies

By Power:

  • Electric
  • Non-electric
  • Hybrid

By Ownership:

  • New Sales
  • Rental/Lease

By Application:

  • Commercial
  • Defense

By Region:

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

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.

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Fire Extinguisher Market Insights: Rising at a 5.7% CAGR between 2023 and 2033, Projected Value of US$ 7 Billion

The Fire Extinguisher Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Fire Extinguisher market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Fire Extinguisher. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Fire Extinguisher Market is currently experiencing a consistent upsurge in demand, driven by a concerning increase in fire-related fatalities within both residential and commercial settings. As the imperative for effective fire control becomes increasingly apparent, fire extinguishers have emerged as indispensable tools for swiftly and efficiently extinguishing flames, particularly in confined spaces. These essential devices are thoughtfully designed with simplicity at their core, empowering individuals to confidently and effectively address fire emergencies.

According to a report by Future Market Insights, the fire extinguisher market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.7% from 2023 to 2033. By the conclusion of this specified period, it is estimated that the market will attain a valuation of approximately US$ 7 billion. Notably, fire extinguisher sales are expected to reach a significant milestone, surpassing US$ 4 billion by the year 2023.

As the incidence of fire-related fatalities in both residential and commercial properties continues to rise, so too does the demand for fire extinguishers. These devices, with their simplicity of operation, play a pivotal role in mitigating fire hazards during critical emergency situations.

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The installation and maintenance of hydrant systems and automated fire sprinkler systems necessitate the involvement of skilled firefighters or specialized equipment, both of which are limited in their applicability within confined spaces. Additionally, the implementation of sprinkler systems can be cost-prohibitive, rendering them inaccessible to certain entities.

Key Takeaways from the Market Study

  • From 2018 to 2022, the global fire hydrant market grew at a CAGR of 4.5%
  • As of 2022, the fire hydrant market was valued at US$ 3.8 billion
  • The United States is expected to be an opportunistic market, accumulating a valuation of US$ 1 billion in 2021
  • Germany to account for 15.7% of the European fire extinguishers demand
  • As of 2022, the market for fire extinguishers in China was valued at US$ 560 million
  • India to experience a CAGR of 6% from 2023 to 2033 with respect to fire extinguishers sales
  • Around 1/4thof all fire extinguishers are expected to comprise dry chemicals
  • By fire type, class A fires to generate incremental opportunity worth US$ 1.6 billion

‘The global fire extinguisher business is expected to grow significantly. Increased construction activity for commercial spaces, new manufacturing plants, and the introduction of new housing developments, combined with the implementation of strict fire safety laws, are all influencing the global fire extinguishing market,’ says FMI analyst.

Competitive Landscape

The global fire extinguisher marketplace is extremely competitive with numerous small-scale and local competitors present. Key players in the fire extinguishers market use tactics such as company growth through mergers and acquisitions, product launches, partnerships, and alliances.

  • Ceasefire Industries Pvt. Ltd. unveiled an exclusive range of home extinguishers with a compact point-and-shoot construct in August 2022.
  • SFP Holding, Inc. declared in June 2002 that its subsidiary companies, Summit Fire & Security and Summit Fire Protection, had just concluded ten strategic acquisitions.

More Valuable Insights

Future Market Insightsin its new offering, presents an unbiased analysis of the global fire extinguisher market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights by product type (water, foam, we chemical, dry powder, carbon dioxide, dry chemical, and others), fire type (class A, class B, class C, class D, and class D), and end-user (residential, commercial, industrial, public areas, and others) across five major regions (North America, Latin America, Asia Pacific, Europe and Middle East & Africa).

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Key Segments Profiled in the Fire Extinguisher Industry Survey

By Product Type:

  • Water
    • Air-Pressurized Water
    • Water-Mist
  • Foam
    • Aqueous Film-Foaming Foam
    • Compressed Air Foam System
    • Others
  • Wet Chemical
    • Potassium Acetate
    • Potassium Carbonate
    • Potassium Citrate
  • Dry Powder
  • Carbon Dioxide
  • Dry Chemical
  • Others

By Fire Type:

  • Class A
  • Class B
  • Class C
  • Class D
  • Class K

By End-Use:

  • Residential
  • Commercial
  • Industrial
  • Public Areas
  • Others

Region:

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

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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 favour 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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Retail Printers and Consumables Market Forecast: Targeting US$ 4,480.8 Million by 2033

The Retail Printer and Consumables Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Retail Printer and Consumables market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Retail Printer and Consumables. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The global retail printers and consumables market, which soared to an impressive US$ 2,885.3 million in 2022, is on an upward trajectory and projected to scale new heights, reaching a valuation of US$ 3,015.1 million by 2023. This dynamic sector is poised for a stellar performance, driven by a confluence of factors that are shaping the retail landscape worldwide.

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Key Drivers Accelerating Market Growth:

  1. E-commerce Revolution: The relentless expansion of e-commerce is revolutionizing retail, and the demand for retail printers and consumables is surging in tandem. As online shopping becomes the norm, the need for efficient order processing, shipping labels, and packaging materials is driving the adoption of retail printing solutions.
  2. Retail Digitization: In an era where data is paramount, retail businesses are embracing digital technologies for inventory management, pricing, and customer engagement. Retail printers play a pivotal role in generating essential documentation, pricing tags, and receipts, making them indispensable tools for modern retailers.
  3. Supply Chain Optimization: The global supply chain ecosystem is witnessing a transformation, with an emphasis on efficiency and accuracy. Retail printers and consumables are integral components in maintaining real-time tracking, ensuring seamless inventory management, and reducing operational costs.
  4. Customer Experience Enhancement: Retailers are investing heavily in enhancing the overall shopping experience. Retail printers aid in providing customized receipts, coupons, and promotional materials, thereby fostering customer loyalty and retention.
  5. Environmental Sustainability: As businesses become increasingly eco-conscious, there is a growing demand for eco-friendly printing solutions. Manufacturers are responding by developing sustainable consumables and energy-efficient printing technologies, aligning with global sustainability goals.

Market Restraint:

Despite the promising growth prospects, the global retail printers and consumables market faces a notable restraint – the challenge of technological obsolescence. Rapid advancements in technology can render existing equipment outdated, necessitating frequent upgrades or replacements. To mitigate this, businesses must adopt forward-looking strategies, invest in flexible and upgradable solutions, and stay attuned to evolving market trends.

Key Takeaways:

  • Rapid Growth of Retail Industry: The global retail printers and consumables market is poised for growth due to the thriving retail industry worldwide, particularly in sectors like supermarkets and departmental stores.
  • Essential in Retail: Retail printers have become essential tools in the manufacturing and retail sectors, serving as the industry standard for storing product information.
  • Dependency on Separate Systems: One limitation to market growth is the fact that these printers cannot store or process information independently, necessitating a separate computer system, which can potentially hinder market expansion.
  • OEM Innovation: Original equipment manufacturers (OEMs) are addressing this challenge by focusing on developing and promoting retail printers that can function as both a printer and a computer, eliminating the need for a separate system. This innovation holds promise for the global retail printers and consumables market in the forecast period.

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Competitive Landscape:

Prominent manufacturers in the retail printers and consumables sector are consistently enhancing their product portfolios through the introduction of advanced solutions and the refinement of existing product lines. They are also focusing on integrating cutting-edge features, including wireless connectivity. Furthermore, these industry leaders are strategically leveraging partnerships, acquisitions, mergers, collaborations, and the fortification of distribution channels to expand their global presence.

  • In 2022, Epson, a renowned global leader in label and receipt printers, unveiled the TM-L100 liner-free label printer, catering to the needs of hospitality and retail food service providers. This innovative addition bolsters their position in the market.
  • In February 2022, Canon bolstered its array of inkjet printers tailored for businesses with the introduction of the MAXIFY GX5070 printer, demonstrating their commitment to offering cutting-edge solutions for corporate clients.

Key Players:

  • Zebra Technologies Corporation
  • Honeywell International Inc.
  • Toshiba TEC Corporation
  • SATO Holdings Corporation,
  • Avery Dennison Corporation
  • Oki Electric Industry Co. Ltd.
  • TSC Auto Id Technology Co. Ltd.
  • tar Micronics Co. Ltd.
  • Postek Electronics Co. Ltd.

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Key Segments Covered in Retail Printers and Consumables Market Analysis

By Type:

  • Desktop Printers
  • Industrial Printers
  • Mobile Printers
  • Others

By Technology:

  • Label Printer
    • Thermal Transfer
    • Direct Thermal
    • Inkjet
    • Laser
  • Paper Printer
    • Thermal Transfer
    • Direct Transfer
    • Impact
    • Inkjet

By Application:

  • Departmental Stores
  • Warehouse Retailers
  • Mom & Pop Stores
  • E-Commerce
  • Supermarkets

By Region:

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

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 Us:        

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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Palletizing Robots Market: Anticipating a 5.0% CAGR and a US$ 2.39 Million Projection by 2033

The palletizing robots Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the palletizing robots market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for palletizing robots. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The global palletizing robots market is experiencing a notable upward trend, with forecasts suggesting a projected value of US$ 1.47 million by 2023. Analysts express confidence and optimism, predicting a robust compound annual growth rate (CAGR) of 5.0%. Projections for 2033 anticipate the market exceeding the US$ 2.39 million mark, solidifying its significant role in the automation sector.

Several key drivers are driving this remarkable growth, playing pivotal roles in propelling the global palletizing robots market to achieve these impressive milestones.

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Driving Factors:

  1. Automation Evolution: The relentless drive for efficiency and productivity across industries has ushered in a new era of automation. Palletizing robots, with their precision and versatility, have emerged as indispensable assets in optimizing production lines, leading to reduced labor costs and enhanced output.
  2. Rise of Robotics: The infusion of robotics into packaging processes has been revolutionary. These sophisticated machines not only expedite tasks but also minimize errors, ensuring consistent quality. Manufacturers are increasingly recognizing the value of palletizing robots as indispensable partners in their pursuit of excellence.
  3. Enhanced Safety Standards: Workplace safety is paramount, and palletizing robots are designed to enhance it. They operate with remarkable precision, reducing the risk of accidents and injuries. This makes them an attractive option for industries aiming to improve their safety records.
  4. Customization and Adaptability: Modern palletizing robots are highly customizable, adaptable to various industries and product types. This versatility makes them a strategic investment for companies seeking flexibility in their operations.

However, amidst this vibrant growth, it is crucial to acknowledge the presence of constraints that may temper the market’s upward trajectory.

Restraints:

  1. High Initial Costs: The acquisition and implementation of palletizing robots entail a substantial upfront investment. Smaller enterprises may find these costs prohibitive, potentially limiting the accessibility of this transformative technology.
  2. Skill Gap: While palletizing robots are designed to be user-friendly, there may be a shortage of skilled personnel capable of programming and maintaining these sophisticated machines. Bridging this gap is essential to fully realize their potential.

Key Takeaways:

  • Programmer Dependency Reduction: Recent technological advancements have led to automated palletizing systems that can be reprogrammed by factory personnel, reducing the reliance on costly programmers for system adjustments.
  • Enhanced Flexibility: These systems offer quick and easy relocation within the factory and reconfiguration as production processes evolve or product sizes change. This adaptability ensures the continued relevance of the automated palletizing system.
  • Market Impact: While these innovations enhance flexibility, they may limit the demand for programmers and specialized services in the market, potentially impacting the programmer job market.

Evolution of the Competitive Landscape:

Key industry participants are actively introducing advanced solutions, persistently striving for enhanced operational effectiveness, and bolstering load-handling capabilities. Furthermore, a discernible industry transition is underway, with manufacturers shifting their focus from the production of general-purpose robots to the development of specialized robots tailored specifically for packaging applications. This shift is anticipated to serve as a driving force, fostering increased demand within the robotic palletizers market.

Key Players:

  • ABB Ltd
  • Mitsubishi Electric Corporation
  • Kawasaki Heavy Industries, Ltd
  • FANUC Corporation
  • Yaskawa Electric Corporation
  • KUKA AG
  • Krones AG
  • Brenton, LLC

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Palletizing Robots Market by Segmentation

By Product Type:

  • Boxes/Cases
  • Bags/Sacks
  • Bundles
  • Others

By Machine Type:

  • Articulated Robots
  • Collaborative Robots

By Application:

  • Factories
  • Distribution Centres
  • Fulfilment Centres

By End Use:

  • Food & Beverages
  • Pharmaceutical
  • Consumer Products
  • Tracking and Logistics
  • Industrial Packaging

By Region:

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

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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 Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Bone Densitometer Devices Industry on Track to Surpass US$ 347.7 Million, Anticipating 4.2% CAGR Triumph by 2033 | FMI

The Global Bone Densitometer Devices Industry is gearing up for unprecedented growth, marking a significant milestone with a projected market value set to exceed US$ 347.7 million in 2023. As the industry’s trajectory continues to ascend, experts anticipate a remarkable surge, reaching an impressive US$ 525.0 million by 2033, boasting a stellar compound annual growth rate (CAGR) of 4.2% over these ten years.

This outstanding growth is attributed to several factors, including technological advancements, rising awareness about bone health, and an aging global population. The bone densitometer devices, known for their crucial role in diagnosing and monitoring osteoporosis, are becoming increasingly indispensable in the healthcare landscape.

Precision in Bone Health Assessment

Bone densitometer devices, renowned for their non-invasive bone density assessment procedures, play a pivotal role in evaluating bone strength. These innovative devices are indispensable in diagnosing bone-related conditions and assessing the risk of their development.

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A Global Health Challenge

According to the International Osteoporosis Foundation, a significant health challenge looms on the horizon. The incidence of hip fractures is predicted to rise by over 300% in men and 240% in women by 2050. Osteoporosis, along with related conditions such as osteopenia, osteomalacia, and osteoporotic fractures, is on the rise. This alarming trend underscores the pressing need for robust bone assessment, driving substantial demand for bone densitometer devices and fueling the market’s expansion.

Moreover, a surge in favorable reimbursement policies by Medicare will likely spur the demand for bone densitometer devices, particularly in countries like India and the U.S. Medicare provides private health insurance plans for the treatment of osteoporosis, which in turn accounts for the increasing expansion of the bone densitometer devices industry. Also, many manufacturers are keen on releasing innovative products with novel offerings like low dosage and patented narrow-fan beam technology.

This factor coupled with the rising need for excellent precision and accuracy, high-definition image quality, and faster scan for multiple clinical applications will foster an atmosphere of the growth for the target over the projected period.

“Growing bone health awareness, more widespread knowledge about osteoporosis along with initiatives from NGOs and government organizations will likely drive the market growth for the bone densitometer devices over the forecast period,” says an FMI analyst.

Global Bone Densitometer Devices Industry Key Takeaways:

  • Heightened demand for precise, speedy and high quality diagnosis to strengthen the market prospects.
  • High cost of the target product and limitations of the DXA technology of bone densitometer device will impede market growth.
  • The U.S. will dominate the global market space with a CAGR of 4.9%.
  • The market in Germany will be driven by increasing bone disorder awareness programs.
  • Axial bone densitometer segment will grow at a CAGR of 4.2%
  • In terms of technology, Dual Energy X-Ray Absorptiometry will hold about 3/5th of total revenue.

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Global Bone Densitometer Devices Industry Competitive Landscape

GE Healthcare, Hologic, Inc., OSI Systems, Inc., Diagnostic Medical Systems Group, Swissray Global Healthcare Holding, Ltd., BeamMed, Ltd., Echolight S.P.A, Scanflex Healthcare AB, Medonica Co., Ltd., XinGaoYi Co., Ltd., Anjue Medical Equipment, Trivitron Healthcare, Eurotec Systems S.r.l, AMPall Co., Ltd., L’acn L’accessorio Nucleare S.R.L, Shenzhen XRAY Electric Co., Ltd., YOZMA BMTech Co., Ltd., Nanoomtech Co., Ltd., Osteosys Corporation, FURUNO Electric Co., Ltd ., and others are some of the major players in the bone densitometer devices industry profiled in the full version of the report.

Leading market players are concentrating on improving their product features to expand their business and enter new markets. Strategies like mergers, acquisitions, and distribution agreements are also employed by these enterprises to strengthen their position in the bone densitometer devices market.

Global Bone Densitometer Devices Industry by Category

By Product:

  • Peripheral Bone Densitometer
  • Axial Bone Densitometer

By Technology:

  • Dual Energy X-Ray Absorptiometry (DXA)
  • Peripheral Dual Energy X-Ray
  • Absorptiometry (pDXA)
  • Quantitative Ultrasound (QUS)
  • Others

By End-User:

  • Hospitals
  • Orthopedic Clinics
  • Diagnostic Centers

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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 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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Gasoline Generator Market Analysis: Anticipated Growth at 3.7% CAGR from 2022 to 2029, Totaling US$ 994.6 Million

The Gasoline Generator Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Gasoline Generator market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Gasoline Generator. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

In the contemporary Gasoline Generator Market landscape, heightened competition underscores the paramount importance for companies to embrace product innovation as a central strategy for establishing and sustaining a robust competitive advantage. By introducing cutting-edge product innovations, enterprises not only unlock significant avenues for expansion but also differentiate themselves within a saturated competitive environment. Notably, prioritizing the reduction of noise and weight in portable gasoline generators presents a compelling opportunity to capitalize on the increasing demand for quieter and more convenient power solutions.

Industry forecasts indicate that the gasoline generator market is expected to achieve a value of US$ 768.8 million by 2022. Recent insights derived from a comprehensive market research study conducted by Future Market Insights shed light on the gasoline generator market. This study encompasses an opportunity assessment spanning the period from 2022 to 2029, coupled with a global industry analysis covering the years from 2014 to 2021. The report meticulously examines the gasoline generator market and offers crucial projections for the period between 2022 and 2029.

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Recent research indicates that the global gasoline generator market is poised for significant expansion in the foreseeable future, driven by various dynamic factors. Increased demand from residential and commercial sectors for small power loads during power outages is a primary catalyst for this growth.

As of 2022, the global gasoline generator market is valued at approximately US$ 768.8 Million, with a projected growth rate of 3.7% expected during the period from 2022 to 2029. This growth is mainly attributed to the thriving construction industry, signaling a promising outlook for market advancement. It’s important to note the highly competitive nature of the global gasoline generator market, posing challenges for emerging players in gaining market share.

To maintain a competitive advantage in this dynamic market, companies must prioritize product innovation. Introducing new product variations holds significant potential for unlocking growth opportunities, particularly by focusing on reducing noise and weight in portable gasoline generators. Additionally, developing products at affordable price points is crucial for increasing penetration in the residential sector.

North America to Capture Significant Market Share

In recent years, the construction sector in the United States has demonstrated significant expansion, evident through notable increases in non-residential construction spending as reported by the U.S. Census Bureau. Projections indicate a strong upward trajectory for this sector in the foreseeable future.

Aligned with the flourishing construction industry, there is an expected surge in demand for gasoline generators, particularly for standby backup power purposes. This trend is attributed to the rising preference for portable generators, which is gaining momentum in tandem with the overall growth of the sector. It is noteworthy that since 2010, non-residential construction spending in the U.S. has consistently maintained an annual growth rate of approximately 5-6%, thus bolstering expectations for heightened demand for gasoline generators in the years ahead.Top of Form

Commercial Sector to Remain Key Consumer of Gasoline Generators

A robust market trajectory is foreseen for the gasoline generator market. Commercial and residential sectors spearheading usage of portable generators are likely to remain prominent end users of gasoline generators.

  • Gasoline generators that produce power output in the range of 3,000 watts to 5,000 watts are projected to register prominent growth in upcoming years. Gasoline generators that come under this category are utilized in several end-use sectors in case of power failures.
  • Portable gasoline generators are most-widely utilized generator sets across the globe, which provide electricity by running a gasoline-powered engine. Portable generators are not permanently installed and can be moved from one place to another easily. Portable gasoline generators are available in various sizes depending on the power output.
  • Gasoline generators are primarily utilized for standby backup power applications across several end-use sectors, such as residential, commercial, industrial, and agricultural, among others. The standby backup power application accounts for a major share in the gasoline generator market.

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Gasoline Generator Market: Vendor Insights

The report titled gasoline generator market highlights some of the key market participants, who are well-known market players and have established themselves as prominent stakeholders in the global gasoline generator market.

Some of the examples of key players in the global gasoline generator market are Kohler Co., Honda Motor Co., Ltd., Generac Power Systems, Inc., SGS Engineering (UK) Ltd., Hyundai Power Equipment, Stephill Generators Ltd., Yamaha Motor Co., Ltd., and Champion Power Equipment, Inc., among others.

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Hydrogen Electrolyzer Market Growth Opportunities: CAGR of 24.2% and US$ 3.7 Billion Forecasted by 2032

The Hydrogen Electrolyzer Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Hydrogen Electrolyzer market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Hydrogen Electrolyzer. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Hydrogen Electrolyzer Market encompasses a range of advanced technologies designed to efficiently utilize electricity in the electrolysis process of water, facilitating the separation of oxygen and hydrogen. Central to these systems are essential components including a cathode, anode, and selectively permeable membrane, collectively demonstrating significant capability in hydrogen gas production through electrolysis. Through the application of electrical currents between the anode and cathode, water molecules undergo decomposition, resulting in the generation of hydrogen and oxygen gases.

As per data from 2021, the global hydrogen electrolyzer market was valued at US$350.6 million USD. Projections indicate a substantial growth trajectory, with anticipated sales expansion forecasted at a Compound Annual Growth Rate (CAGR) of 24.2%. This upward trend in growth is expected to drive the market size to an estimated US$3.7 billion USD by the year 2032.

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The electrolysis process, a cutting-edge technology powered by electricity, efficiently decomposes water into oxygen and hydrogen, utilizing a cathode, an anode, and a membrane. This method, known as electrolysis, leads to the production of hydrogen gas. With the notable decrease in the costs of renewable energy sources, their competitiveness compared to traditional fuels has significantly improved, thereby enhancing their utilization as the primary energy source for hydrogen electrolysis.

In the upcoming market landscape, considerable emphasis will be placed on the research and development of hydrogen fuel cell technology, H-CNG, and innovative mobility solutions, thereby exerting a significant influence on the dynamics of the hydrogen electrolyzer market. Notably, the increasing adoption of fuel cell technology in the automotive sector, particularly in the domain of electric mobility, will serve as a pivotal factor driving the heightened demand for on-site hydrogen production.

 “The rising availability of CAPEX subsidies, tax rebates and low electricity costs will strongly intensify the adoption of hydrogen electrolyzers. In addition, hydrogen electrolyzers will provide the missing link between hydrogen and green electricity across various countries as it strives to achieve a de-carbonized environment” says FMI analyst.

Key Takeaways for Hydrogen Electrolyzer Market Study

  • PEM electrolyzers are expected to witness a higher demand growth vis-à-vis other electrolyzer variants on back of high purity output and economical features with regards to operations
  • Countries in Western Europe and Asia Pacific are key to the growth of hydrogen electrolyzer market, on account of their high growth potential & considerable market size
  • Accelerated demand for high purity of hydrogen is boosting the uptake of hydrogen electrolyzer over competitive technologies such as SMR

Despite Prevailing Uncertainties, Experts Eying Green Hydrogen Post Pandemic

The global COVID-19 pandemic has put manufacturing, supply and demand of hydrogen electrolyzer on hold. In the second quarter of 2020, countries such as Italy experienced a 20% reduction in demand for power thus impacting the hydrogen electrolyzer market.

Economies around the world are utilizing this time to invest in green hydrogen to kick start growth. Countries such as Portugal, Netherlands and Australia are already investing rigorously in this technology. This is in alignment with EU’s green deal plan to decarbonize and bring emissions down to zero by 2050.

Hydrogen Electrolyzer Market: Competitive Landscape

The global market players are striving to drive their market revenue at more than 20% on a yearly basis. This is being done by bringing down investment costs through joint collaboration.

For instance, ITM Power and Linde have collaborated to open up a factory at Sheffield, UK to enhance their electrolysis capacity per year by at least 1GW.

Similarly, NEL and Hydrogenics are gearing up for projects that aim to produce 20MW of hydrogen at Denmark and Canada respectively. By scaling up the size of the plants, manufacturers are looking at reducing their overall costs in the production of hydrogen.

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Hydrogen Electrolyzer Market Outlook by Category

By Product Type:

  • Proton Exchange Membrane (PEM) Electrolyzer
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer

By Capacity:

  • Low (<= 150 kW)
  • Medium (150kW–1mW)
    • 150-400 kW
    • 400-750kW
    • 750-1mW
  • High (> 1mW)
    • 1 – 10 mW
    • 10 – 20 mW
    • Above 20 mW

By Outlet Pressure:

  • Low (<= 10 Bar)
  • Medium (150 Bar–40 Bar)
  • High (> 40 Bar)

By End Use:

  • Ammonia
  • Methanol
  • Refining/ Hydrocarbon
  • Electronics
  • Energy
  • Power to Gas
  • Transport
  • Metal Production & Fabrication
  • Pharma & Biotech
  • Food & Beverages
  • Glass Industry
  • Other Industrial

By Region:

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

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified 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 Us :

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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Hand Tools Market Projected to Reach US$ 27.9 Billion by 2033, with a 5.8% CAGR

The Hand Tools Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Hand Tools market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Hand Tools. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The global Hand Tools Market is currently experiencing a notable surge in demand, primarily attributed to the integration of cutting-edge technology. This infusion ensures superior grips, heightened durability, and extends the overall shelf life of these tools. The resurgence of the automotive manufacturing and repair sectors, coupled with the proliferation of intricate and advanced appliances in the market, is a significant driving force behind this heightened demand.

Forecasts indicate that the hand tools market is poised for robust growth, with an anticipated Compound Annual Growth Rate (CAGR) of 5.8% from 2023 to 2033. By 2033, it is projected that the market will have captured a substantial market share, reaching US$ 27.9 billion, a significant rise from the estimated value of US$ 15.9 billion in 2023. The current trend favors the adoption of advanced feature-loaded hand tools, including wrenches, screwdrivers, and pliers. Additionally, the integration of repair kits in most vehicles is significantly influencing a notable portion of the marketTop of Form

  • New technology with better grips, durable body, and long shelf life is flourishing the demand for hand tools across the globe. The restoration of automotive manufacturing and repairing along with the new complex appliances are garnering market growth.
  • Emerging economies of China and India with large manufacturing capacities of cars, trucks, and bikes are also investing in the hand tools sector. The growing number of vehicles on the road is expected to help the market thrive.
  • New concepts like glass-covered toolboxes, small repairing points, and highway support units are pushing the authorities to invest in hand toolboxes or kits. Alongside this, the new features like small parts of the kit in different sizes and packaging are also flourishing the market growth.

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Key Points

  1. The United States market leads the hand tools market in terms of market share in North America. The United States region holds a market share of 20.6% in 2023. The growth in this region is attributed to the expanding manufacturing and repairing sector in the region
  2. Germany’s hand tools market is another significant market in the Europe region. The market holds a market share of 6.9% in 2023. The growth is attributed to the increasing number of cafés, new and advanced flavors, and rising production facilities.
  3. India’s hand tools market thrives at a leading CAGR of 7.2% during the forecast period. The market’s growth is attributed to the proliferation of sales, export, and repair of vehicles and appliances. The big facilities are adopting the latest hand tools.
  4. The wrench segment leads the product type segment as it holds a leading market share of 30.9% in 2023. The growth is attributed to high consumption.

Competitive Landscape:

The key vendors work on rigidity, advanced design, and custom availability. The players also work on enhanced supply chains and high affordability. Companies collaborate to expand their supply chain. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

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Recent Market Developments:

  • Weidmuller Interface GmbH and Co. KG have set up their hand tool portfolio with the categories like cutting, stripping the insulation, crimping, etc.
  • Indian brand, MISUMI Group Inc. has introduced its long range of hand tools like wrenches, hex wrenches, screwdrivers, hammers, tools sets, cutter knives, and monkey wrenches. The company has also launched its 20% off on the first order scheme.

Key Segments Covered

By Product Type:

  • Wrenches
  • Pliers
  • Screwdrivers
  • Voltage Tester
  • Measuring Tools
  • Hammers
  • Cutters
  • Taps and Dies
  • Hand Saws
  • Punches
  • Others

By Sales Channel:

  • Online
  • Offline

By End-User:

  • DIY
  • Commercial
  • Industrial

Key Regions Covered:

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Excluding Japan
  • The Middle East and Africa

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Author By:

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, 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 Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Take Out Coffee Market Expected to Reach US$60,980.6 Million by 2033, Indicating a Strong Preference for On-the-Go Caffeine Consumption

The global take out coffee market is expected to be valued US$ 39,630.0 million in 2023, with a compound annual growth rate (CAGR) of 4.4% from 2023 to 2033.

The market for takeaway coffee is changing as more young people start drinking coffee. The proportion of millennial coffee drinkers is growing. Increased consumption would improve helpful items like coffee on the go. The elderly, who are increasingly addicted to the taste of coffee and the energy benefits it provides, are propelling the takeout coffee business.

Takeout coffee consumption has increased, whereas energy drinks and carbonated soft drinks (CSDs) consumption has fallen. As individuals become more health-conscious, CSD and energy drinks are being substituted by take-out coffee. CSD and energy drink consumption has also been connected to obesity and hypertension. As a result, individuals are increasingly interested in obtaining coffee to go, which is usually healthier.

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Takeaway coffee demand is increasing globally as a result of reasons such as emerging café cultures among today’s youth, urbanisation, food service outlets, white-collar demography, and more discretionary income. Improvements in living circumstances and shifts in work culture, particularly in the business sector, are expected to enhance takeaway coffee sales internationally.

Businesses are strengthening their service methods and enhancing their existing brands in order to increase consumer pleasure and, as a result, promote loyalty, which are additional drivers pushing the global take-out coffee market share. Demand for organic coffee is expected to rise in the near future as more people become aware of the health benefits of drinking coffee. Several options, including Barista, CCD, and Starbucks, have improved the consumer experience and changed the outlook for the take-out coffee market.+

The need for certified coffee products, consumer adoption of single-serve coffee brew systems, and constant innovation driven by the leading companies in the industry are all factors contributing to the growth of the takeaway coffee market. Some consumers in wealthy economies may switch from cheaper instant coffee to more costly brands due to concerns about flavour and quality. Previously seen as a luxury good, instant coffee’s market dynamics have changed as its younger user base has started to dwindle. Takeaway coffee consumption has increased, and the long-term trends seem to be favourable.

The number of people who consume take out coffee is predicted to rise in the future years in many countries. This is expected to increase the take out coffee market’s growth by broadening the total consumer base.

Key Takeaways:

  • The take out Coffee market is projected to have a CAGR of 8.8% in 2032.
  • In 2021, North America dominated the take out coffee market, accounting for 27.1 percent of total revenue.
  • The plant-based segment dominated the take out coffee market and held the largest revenue share of 84.0% in 2021.
  • With 33.2 percent of total revenue, the United States, Japan, and Germany dominate the take out Coffee market share.

Competitive Landscape:

The key players operating in the take out coffee market are LotteChilsung Beverage Co Ltd., PepsiCo, Asahi Group Holdings, Ltd., Suntory Beverage & Food, McDonald’s Corporation, Danone S.A., JAB Holding Company, and Dunkin Brands Group, Inc.

Recent Development:

  • Starbucks® Cold & Crafted, a Ready to Drink (RTD) coffee category that contains three flavours: Coffee with a Splash of Milk & Vanilla, Coffee with a Splash of Milk & Mocha, and Coffee Sweetened Black, will be available in 2021.
  • Tchibo released ground and whole bean coffee products in the United States in 2020, with dark, medium, and light roasts. In Illinois, Indiana, Iowa, Ohio, Michigan, Minnesota, Missouri, and Wisconsin, the products would be available at Jewel, Hy-Vee, and other merchants.

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Key Segments

By Distribution Channel:

  • On-trade
  • Off-trade

By Product Type:

  • Whole-Bean
  • Ground Coffee
  • Instant Coffee
  • Coffee Pods
  • Others

By Region:

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

Frequently Asked Questions

  • What is the CAGR of the Take Out Coffee Market?
  • Which is the Leading Region in the Take Out Coffee Market?
  • Which Segment Leads in the Take Out Coffee Market by Country?
  • Which Segment Leads in the Take Out Coffee Market by Milk Type

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Author

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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
LinkedInTwitterBlogs | YouTube