Global Merchandising Carts Market Poised for Sustainable Growth, Projected to Surpass US$ 5.8 Billion by 2033, Fueled by Eco-Friendly Trends

In the dynamic landscape of commerce, the global merchandising carts market is experiencing a steady ascent, projected to attain a value of US$ 3.9 billion in 2023. This upward trajectory is propelled by the increasing popularity of food trucks and street vendors, fostering a favorable environment for the flourishing merchandising carts market. The journey ahead foresees a robust Compound Annual Growth Rate (CAGR) of 4.1% from 2023 to 2033, ultimately elevating the market to an impressive US$ 5.8 billion by 2033.

Adding depth to this narrative is a compelling aspect—the growing emphasis on sustainability. In an era where both retailers and consumers prioritize the environmental impact of their choices, eco-friendly solutions are gaining significant prominence. Sustainability has emerged as a pivotal consideration in the design and production of merchandising carts, further enhancing their appeal in the global market.

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Driving Market Expansion: The Confluence of Mobile Retailing and Unique Shopping Experiences

Fueling the Market via Mobile Retailing:

In a landscape increasingly defined by mobile retailing, the demand for merchandising carts has witnessed a substantial upswing. These carts have emerged as pivotal tools, facilitating businesses in adeptly showcasing and vending their products across a spectrum of non-traditional locales, transcending the confines of conventional brick-and-mortar establishments. Mobile retailing, a concept that entails the direct delivery of retail encounters to the target audience, materializes through the strategic deployment of temporary or pop-up shops at vantage points.

Catalyzing Growth through Unique Shopping Experiences:

The surge in the pursuit of distinctive shopping experiences stands as a prominent growth catalyst poised to invigorate the merchandising carts market. In the contemporary digital milieu, where online shopping commands precedence, consumers actively seek encounters that transcend the mundane. Within this context, merchandising carts manifest as potent conduits for retailers to craft immersive shopping realms that transcend the ordinary precincts of brick-and-mortar stores.

Venturesome establishments are leveraging merchandising carts to orchestrate pop-up shops and transitory displays across diverse settings such as malls, events, festivals, and public domains. Facilitated by mobile retail configurations, retailers wield the capability to present their merchandise directly to their target demographic, effectively fostering a climate of exclusivity. The arresting visual appeal of meticulously designed merchandising carts operates as a magnet, effortlessly drawing the attention of passersby and inciting an exploration of the artfully curated product gamut.

Synchronizing Mobile Dynamics with Enhanced Experiences:

As the market surges forward, the harmonious convergence of mobile retailing dynamics and the yearning for memorable interactions forms a symbiotic relationship that drives innovation. Astute businesses recognize the strategic advantage of presenting their offerings in a mobile, visually captivating format that resonates with contemporary sensibilities. By integrating agile, on-the-move retailing mechanisms with the allure of experiential shopping, enterprises can effectively capture consumer attention, create resonance, and establish enduring connections.

Steering Ahead: Capitalizing on the Mobile-Experience Nexus

In essence, the momentum within the merchandising carts market lies at the crossroads of mobile retailing ingenuity and the pursuit of distinctive shopping narratives. Astute businesses poised to traverse this intersection are poised to not only navigate the evolving commerce landscape adeptly but also sculpt remarkable, tailored retail journeys that translate into customer loyalty and sustained growth.

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Key Players:

Distinguished participants within the merchandising carts market encompass National Cart Co., Americana Companies, Wanzl Metallwarenfabrik GmbH, Cari-All Group, Unarco Material Handling, Inc., Versacart Systems, Inc., RB Wire Products, Inc., Kaili Manufacturing Co., Ltd., Retail Handling Solutions, and Technibilt, among a constellation of other notable entities.

Market Segments:

By Product Type:

  • Metal Carts
  • Wood Carts
  • Plastic Carts
  • Wire Carts
  • Others

By Application:

  • Retail Stores
  • Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Food Service
  • Hospitality Industry
  • Industrial Facilities
  • Healthcare Facilities

By Region:

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

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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
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Cheese Cutting Machine Market Poised for Remarkable Growth, Envisages Surpassing US$ 25,380.1 Million Valuation by 2033, Fueled by a Robust 7.1% CAGR

In a positive development, the global cheese cutting machine market is poised for substantial expansion, with an anticipated compound annual growth rate (CAGR) of 7.1% in the coming years. This dynamic market is projected to elevate from its 2023 valuation of US$ 12,782.0 million to an impressive US$ 25,380.1 million by 2033.

Upon a thorough examination of market segments, it becomes apparent that the micro-type grating machine subsegment is positioned to capture a significant share of the market in the foreseeable future. Embraced by culinary enthusiasts and kitchen connoisseurs alike, the micro-type grating machine has emerged as the preferred tool, lauded for its user-friendly design and exceptional shredding capabilities, particularly with firm cheeses. As the cheese effortlessly glides along its surface, the machine seamlessly produces fine shreds on the opposite end, catering to a diverse range of culinary delights.

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Key Insights from the Cheese Cutting Machine Market:

  • The global Cheese cutting machine market is projected to grow at a CAGR of 7.1% over the forecasted period, according to Future Market Insights’ research.
  • The USA stands out as a significant player in the Cheese Cutting Machine market, contributing approximately USD 1,477.6 million, accounting for nearly 34% of North America’s total share.
  • The Asia Pacific region is poised for substantial growth in the Cheese Cutting Machine sector, driven by the rising popularity of cheese-related foods among the middle-class population.
  • Technological advancements have played a crucial role in the Cheese Cutting Machine market’s growth, as the demand for mass production surges, and conventional methods prove insufficient to meet the demand.

Driving Factors for Cheese Cutting Machine Market Growth:

  1. Home Adoption: The anticipated surge in cheese-grating machine purchases for households, coupled with the increasing number of cheese enthusiasts, is expected to drive the demand for cheese cutting machines during the forecast period.
  2. Rising Cheese Consumption: Cheese has become a culinary staple in various meals, particularly breakfast, fostering its popularity. This trend is anticipated to contribute significantly to the growth of the cheese cutting machine market.
  3. Expansion of Food Establishments: The global proliferation of eateries, hotels, and accommodations is a crucial factor that will likely propel the growth of the cheese cutting machine market. The demand for efficient cheese processing equipment is on the rise due to the expanding food service sector.
  4. Cheese Variety Challenge: A potential hindrance to market expansion is the tendency of softer cheeses to clog grating machines, potentially damaging the equipment. This challenge needs to be addressed to ensure smooth growth of the cheese cutting machine market.
  5. Industrial Innovation: Key players in the industry are actively engaged in Research and Development (R&D), suggesting significant potential for growth in the industrial cheese shredder segment. This innovation-driven development could shape the market’s trajectory in the coming years.

Who’s Leading?

In the global cheese cutting machine market, the United States takes the lead with the largest market share. This dominance can be attributed to the country’s abundant restaurants. Given cheese’s widespread use in American cuisine, these establishments require efficient machines to swiftly cut it into smaller portions.

Driving the market’s growth, prominent players like GEA Group, Multivac, RISCO GmbH, Industries Castellvall, Provisur Technologies, iXAPACK, Food Tools, Textor Maschinenbau GmbH, Thurne-Middleby, and Marchant Schmidt are expected to be at the forefront of the industry.

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Market Segmentation:

By Product type:

  • Horizontal
  • Vertical

By End Use:

  • Supermarkets
  • Restaurants
  • Dining rooms

By Distribution Channel:

  • Online
  • Offline

By Region:

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

Precision Analytics: Request Your Custom Report To Make Informed Moves Within Targeted Regional Segments. https://www.futuremarketinsights.com/customization-available/rep-gb-15995

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
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Global Oil and Gas Fittings Market on Track to Achieve US$ 1,675.4 Million by 2029, Sustaining a Steady 3.4% CAGR, as Indicated by Future Market Insights (FMI)

Future Market Insights (FMI) presents an optimistic forecast for the global oil and gas fittings market, anticipating a year-on-year growth of 3.4% from 2022 to 2029. By the conclusion of 2029, the market is poised to reach an impressive valuation of approximately US$ 1,675.4 million.

FMI’s comprehensive analysis offers valuable insights into the dynamic growth of the oil and gas fittings market, underscored by meticulous half-yearly comparisons. A significant driving force behind the market’s robust trajectory is the escalating influx of tender and contract orders, particularly in developing nations. The surge in demand is catalyzed by the proliferation of pipeline projects connecting countries such as China, India, the Middle East, and the ASEAN region. These projects play a pivotal role in regional connectivity and the efficient transportation of oil and gas resources, thereby propelling the demand for diverse oil and gas fittings.

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The global oil and gas fittings market is set to receive a significant boost from the expansion of transcontinental pipelines, paralleled by the increasing consumption linked with GDP growth. This trend will lead to a surge in sales, driven by the growing opportunities in India for the procurement and bidding of new and replacement oil and gas fittings.

However, existing manufacturers are encountering a challenge posed by energy suppliers who are vertically integrating into the production of oil and gas fittings. This integration enables them to offer similar products at lower costs, resulting in intense competitive pressures within local markets and reduced profitability throughout the value chain. Such a practice adoption is detrimental to the overall market growth.

East Asia Region Projected to Witness Bolstering Growth:

The East Asia region is poised for robust growth in the global oil and gas fittings market. While North America is expected to maintain a significant market share due to upcoming installation projects for oil and gas fittings, the East Asia market, particularly led by China, is projected to experience substantial expansion during the forecast period from 2019 to 2029.

China’s prominence in this growth can be attributed to its rapid increase in onshore drilling endeavors and the proliferation of oil and gas pipeline projects. Furthermore, Africa emerges as a promising avenue for oil and gas fittings manufacturers to secure new contracts and ventures throughout the forecast timeframe.

The growth of the oil and gas fittings market is not only influenced by regional dynamics but also by macroeconomic factors such as crude oil and natural gas production and consumption. Key countries’ oil and gas production data, the rise in new oil and gas pipeline projects, and contracts related to pipes, valves, and fittings (PVC) also contribute to the positive trajectory of the market.

Competitive Landscape:

Over the past few years, an increment in the number of acquisitions and expansion activities has been witnessed in the Oil and Gas Fittings market. Several key players are focusing on improving the product performance parameters for various applications. The emergence of various manufacturers had also been witnessed in global businesses, especially in India, the USA, and China.

Key Players:

  • Anvil International
  • AVK UK Ltd
  • B.O.P Products LLC.
  • Bonney Forge Corporation
  • FitTech Industries Pvt. Ltd.
  • Gelbach UK Ltd
  • Grupo Cuñado
  • Guezco Manufacturing Inc.
  • Hy-Lok USA, Inc.
  • ICARUS SA
  • JVS Engineers, among others.

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Key Segments Covered:

By Product Type:

  • Tees
    • Studded Tees
    • Flow Tees
  • Flanges
    • Blind/Test
    • Companion
    • Weld Neck
  • Adapters
    • Bottom Hole Test Adaptors
    • Double Studded Adapters
  • Male Pins
  • Studded Crosses

By Working Pressure:

  • Less than 1000 psi
  • 1000 – 2000 psi
  • 2000 – 3000 psi
  • 3000 – 4000 psi
  • 4000 – 5000 psi
  • Above 5000 psi

By Operation:

  • Upstream
  • Midstream
  • Downstream

By Material Type:

  • Carbon Steel
  • Stainless Steel
  • Alloy Steel
  • Fiberglass
  • Composite
  • Others

By Application:

  • Onshore
  • Offshore

By Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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

Chromatography Accessories and Consumables Market Poised to Reach US$ 7 Billion by 2033, Sustaining a Solid 5.2% CAGR

In the domain of analytical sciences, the chromatography accessories and consumables market are experiencing a noteworthy ascent. Projected to attain a value of US$ 4.21 billion in 2023, this dynamic market is on track to achieve an impressive US$ 7 billion by 2033. Driving this growth is a robust Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period from 2023 to 2033.

The consistent rise of the chromatography accessories and consumables market can be attributed to a convergence of factors that have reshaped the landscape of analytical techniques and their applications across various industries. Key sectors, including pharmaceuticals, biotechnology, and food and beverages, have played pivotal roles in propelling this remarkable growth. As the market continues to evolve, it signifies a promising era for advancements in analytical sciences and their indispensable role in diverse industrial domains.

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Different utilizations of chromatography procedures are crosswise over ventures, for example, pharmaceutical medication disclosure (pharma organizations, life science look into, CROs, and so on.), sustenance and drink, crime scene investigation, oil and gas, synthetic substances, sports, polymers, and drugs. Based on technology, liquid chromatography is likely to be most preferred.

Liquid chromatography is further segmented into high-pressure liquid chromatography (HPLC), ultra-pressure liquid chromatography (UPLC), low-pressure liquid chromatography (LPLC), flash chromatography, and other LC technologies. The large share of this segment can be attributed to the wide use of HPLC techniques and the growing demand for UPLC systems.

Key Takeaways from the Market Study:

  • Global chromatography accessories and consumables market to grow 1.6x from 2022-2032
  • Based on technology, liquid chromatography to emerge as a key beneficiary, registering a 4.3% CAGR
  • Column accessories and consumables to be most sought after product category, registering a 4% CAGR
  • U.S to emerge as the most opportunistic market, registering a CAGR worth 4.5% until 2032
  • China to be a significant contributor to market growth, reaching US$ 461.1 Million by 2032
  • Japan & South Korea to yield absolute $ opportunities worth US$ 122.5 Million and US$ 68.3 Million respectively

“Growing use of chromatography techniques for research activities in the fields of proteomics, medicine, genomics, and metabolomics and rising number of chromatography seminars and conferences that increase awareness regarding new chromatographic techniques are the high impact rendering drivers for the growth of the market,” remarks an FMI analyst.

Competitive Landscape:

Players in the global chromatography accessories and consumables market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market.

Key Players:

  • Agilent Technologies
  • Waters Corporation
  • Shimadzu Corporation
  • Thermo Fisher Scientific
  • PerkinElmer
  • Merck KGaA
  • Bio-Rad Laboratories Inc.
  • GE Healthcare
  • Hitachi
  • Phenomenex
  • Restek Corporation
  • Jasco Inc.
  • Gilson

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Key Segments of Chromatography Accessories and Consumables Industry Survey:

By Product Type:

  • Column Chromatography Accessories and Consumables
    • Pre-Packed Columns
    • Empty Columns
    • Heaters & Ovens
    • Guard Holders
    • Other Column Accessories and Consumables
  • Autosampler Chromatography Accessories and Consumables
    • Autosampler Syringes/Sample Needles
    • Vials
    • Septa
  • Chromatography Flow Management Accessories and Consumables
    • Flowmeters
    • Flow Splitters
    • Pumps
  • Chromatography Fittings and Tubing Accessories
    • Tubing
    • Ferrules and Nuts
    • Valves and Gauges
    • Liners and Seals
  • Chromatography Detectors
    • LC Detectors
    • GC Detectors
  • Mobile Phase Chromatography Accessories and Consumables
    • Mixers and Mixing Chambers
    • Degassers
    • Other Mobile Phase Accessories and Consumables
  • Mobile Phase Accessories and Consumables
    • Fraction Collectors
    • Pressure Regulators
    • Other Accessories and Consumables

By Technology:

  • Liquid Chromatography Accessories and Consumables
    • High-Pressure Liquid Chromatography
    • Ultra-Pressure Liquid Chromatography
    • Flash Chromatography
    • Low-Pressure Liquid Chromatography
    • Other LC Technologies
  • Gas Chromatography Accessories and Consumables
  • Other Chromatography Technology Accessories and Consumables

By End User:

  • Chromatography Accessories and Consumables for Hospital Laboratories
  • Chromatography Accessories and Consumables for Pharmaceutical & Biotechnology Industry
  • Chromatography Accessories and Consumables for Oil & Gas Industry
  • Chromatography Accessories and Consumables for Academic & Research Institutes
  • Chromatography Accessories and Consumables for Food & Beverages
  • Chromatography Accessories and Consumables for Hospitals & Clinics
  • Chromatography Accessories and Consumables for Environmental Agencies
  • Chromatography Accessories and Consumables for Other End Users

By Region:

  • North America Chromatography Accessories and Consumables Market
  • Latin America Chromatography Accessories and Consumables Market
  • Europe Chromatography Accessories and Consumables Market
  • Asia-Pacific Chromatography Accessories and Consumables Market
  • Middle East & Africa Chromatography Accessories and Consumables Market

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Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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

Global Rainscreen Cladding Market Projected to Surpass US$ 4,554 Million by 2033, Sustaining a Steady 6.7% CAGR, as per Future Market Insights, Inc.

In anticipation of substantial growth, the global rainscreen cladding market is expected to reach a projected valuation of US$ 2,392 million in 2023. Driven by ongoing trends, the market is poised to maintain a consistent Compound Annual Growth Rate (CAGR) of 6.7% until 2033, ultimately reaching an estimated value of US$ 4,554 million by the conclusion of that year.

The remarkable ascent of the global rainscreen cladding market can be attributed to diverse factors, notably the increasing investment in construction, particularly within the non-residential sector, where rainscreen cladding plays a pivotal role. Additionally, the rising demand for architecturally appealing buildings, coupled with the surge in single- and multi-family construction projects propelled by population growth, continues to fuel the market’s expansion.

The market exhibited moderate growth from 2018 to 2022, primarily influenced by heightened construction activities, especially in non-residential sectors such as offices and commercial buildings. Aesthetic considerations and the imperative need for enhanced moisture control and energy efficiency in buildings have also significantly contributed to the market’s expansion during this period.

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Driving Factors for Rainscreen Cladding Market Amid Challenges:

The growth of the rainscreen cladding market is expected to be propelled by increasing consumer demand for products that offer improved moisture control capabilities and energy efficiency. Additionally, both developed and emerging countries are witnessing a surge in the construction of non-residential structures such as offices and institutions, accompanied by a shift towards enhancing the protection of exterior walls. However, the economic downturn caused by the COVID-19 crisis has led to reduced investor confidence and a decline in industrial activities, posing challenges to the growth of the rainscreen cladding industry.

The demand for rainscreen cladding is rising due to evolving consumer preferences towards safeguarding exterior walls in residential, commercial, and non-residential structures, including workplaces and institutions.

A significant design flaw in rainscreen cladding solutions is their inability to handle air pressure gradients. When the exterior of the wall lacks airtightness, the cladding wall’s surface is exposed to strong wind forces. The confinement of airflow and moisture within wall cavity chambers, generated between furring strips, represents a major drawback in the conventional end-use application of rainscreen cladding. The lack of airflow exchange between these compartments is limiting the growth of the rainscreen cladding market.

Key Insights from the Market Study:

In 2021, the terracotta raw material segment held the largest share of the rainscreen cladding market, contributing over 35.5 percent of global revenue. The construction industry accounted for 33 percent of the total revenue in the rainscreen cladding market in 2021. Europe led the market in 2021, generating more than 30.5 percent of global revenue. In North America, the demand for rainscreen cladding is expected to witness significant growth during the forecast period due to increased construction of new power plants, social infrastructure, commercial projects, and shale gas exploration activities.

Competitive Landscape:

The rainscreen cladding market is characterized by strong competition, with numerous regional and international companies operating within the industry. Incumbent players face challenges stemming from fluctuations in raw material prices and the strategies of new entrants. Continued research and development, along with advanced process practices, are essential for survival in this competitive environment.

To remain competitive and reduce overall costs in the rainscreen cladding market, major competitors are focusing on mergers, acquisitions, and joint ventures. These players are offering structural planning and installation services to meet the demand for innovative rainscreen cladding solutions in various structures.

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Recent Developments in the Rainscreen Cladding Market:

To cater to the demands of architects and specifiers seeking distinctive facade systems, Proteus Facades, a renowned supplier of high-quality rainscreen cladding systems, made its entry into the U.S. rainscreen cladding market in April 2021. This strategic expansion marks a new chapter for the company, known for its contribution to prominent construction projects in the UK. The decision to enter the U.S. market was prompted by significant investments in production capabilities and the growing demand for innovative facade designs.

In December 2021, Brickability Group made a noteworthy move by acquiring Taylor Maxwell Group for approximately US$ 87.77 million. Taylor Maxwell Group is a leading supplier of wood and facade solutions to the building industry in the UK. Through this acquisition, Brickability Group is poised to enhance its offerings by integrating timber and cladding into its portfolio. This strategic move not only widens the range of available products but also strengthens Brickability’s competitive advantage in specific markets, potentially paving the way for organic growth in the future.

Rainscreen Cladding Market by Segmentation:

By Raw Material:

  • Fiber Cement
  • Composite Material
  • Metal
  • High-pressure Laminates
  • Terracotta
  • Ceramic
  • Others

By Application:

  • Residential
  • Commercial
  • Official
  • Institutional
  • Industrial

By Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Unveiling Growth Trajectories: Exploring the Global Metallized Paper Market’s Expansion and Industrial Applications

The Global Metallized Paper Market exhibits robust growth prospects, poised to be valued at US$ 4.3 billion in 2023 and projected to ascend to approximately US$ 6.8 billion by 2033, driven by a steady 4.8% compound annual growth rate (CAGR). Industrial applications expansion bolsters the market’s scope, with the food and beverage sector playing a pivotal role. The rising demand for packaged food and beverages, driven by changing consumer preferences and population growth, amplifies the need for attractive, functional, and sustainable packaging solutions.

Metallized paper proves highly suitable for this purpose, offering an array of benefits. Its exceptional moisture resistance safeguards contents against external humidity, crucially maintaining product quality. The material’s barrier properties extend to light, oxygen, and other elements, preserving flavors, aromas, and nutritional value, ultimately enhancing the overall consumer experience. As the market evolves, metallized paper emerges as a crucial component of modern packaging solutions.

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Industry Trends: 

  1. Sustainable Packaging: Growing preference for eco-friendly materials is driving the adoption of metallized paper, as it offers a recyclable and biodegradable alternative to traditional packaging.
  2. Premium Branding: Metallized paper is increasingly used for premium packaging due to its luxurious appearance, making it a popular choice for high-end consumer goods and cosmetics.
  3. Digital Printing Compatibility: The compatibility of metallized paper with digital printing technologies is a trend, allowing for intricate designs, customization, and shorter production runs to meet diverse market demands.
  4. Innovations in Coating Technologies: Ongoing developments in metallized coating technologies enhance the functionality of metallized paper, providing improved barrier properties, moisture resistance, and extended shelf life for packaged products.
  5. Flexible Packaging Solutions: Metallized paper’s versatility in terms of form and function is driving its adoption in flexible packaging applications, offering a lightweight yet durable solution for various industries.

Growth Drivers in Metallized Paper Industry:

  1. Rising Demand in Food Packaging: The metallized paper market is propelled by the increasing demand for attractive and functional food packaging, as it provides effective protection against moisture and contaminants.
  2. Cosmetics and Personal Care Industry: Growth in the cosmetics and personal care industry fuels the demand for metallized paper in packaging, where its visual appeal and premium image contribute to brand differentiation.
  3. E-commerce Packaging Requirements: The surge in e-commerce activities worldwide is driving the need for durable and visually appealing packaging materials, making metallized paper a preferred choice for online retail packaging.
  4. Environmental Regulations and Awareness: Stringent environmental regulations and a growing awareness of sustainable packaging solutions contribute to the adoption of metallized paper as a green alternative in various industries.
  5. Innovative Product Applications: Exploration of new applications, such as metallized paper in labels, tags, and promotional materials, is a growth driver as manufacturers find innovative ways to leverage its unique characteristics.

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One of the key drivers of the metallized paper industry is the growing demand for sustainable packaging solutions. Metallized paper is a highly sustainable packaging material as it is made from renewable resources and can be easily recycled. Additionally, metallized paper is lightweight and consumes less energy during transportation, which further reduces its environmental impact.

Another key driver of the metallized paper market is the increasing use of metallized paper in food packaging. Metallized paper is widely used in the packaging of various food products, such as snacks, confectionery, and baked goods. The shiny and metallic appearance of metallized paper enhances the visual appeal of food products, making them more attractive to consumers.

The cosmetics industry is also a significant contributor to the growth of the metallized paper industry . Metallized paper is widely used in the packaging of cosmetics, such as perfumes, skincare products, and makeup. The shiny and metallic appearance of metallized paper gives cosmetics packaging a premium and high-end look, which appeals to consumers.

The tobacco industry is also a major user of metallized paper. Metallized paper is widely used in the packaging of cigarettes, cigarillos and other tobacco products. The shiny and metallic appearance of metallized paper gives tobacco packaging a premium and high-end look, which appeals to consumers.

Market by Category:

By Thickness:

  • Upto 50 GSM
  • 51-100 GSM
  • 101-150 GSM
  • Above 150 GSM

By Application:

  • Labels
  • Wraps/Overwraps
  • Decoration
  • Mailing Envelopes
  • Graphic Paper

By End Use Industry

  • Food
  • Beverages
  • Home Care
  • Personal Care
  • Electrical
  • Chemicals
  • Banking

By Region:

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

Have burning questions? Get answers from our analyst: https://www.futuremarketinsights.com/askus/rep-gb-8016

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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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Cracking the Egg Packaging Market: Trends, Innovations, and Growth Drivers in Sustainable Packaging Solutions

The egg packaging market is witnessing steady growth due to the increasing consumption of eggs worldwide and the need for safe and efficient packaging solutions. Eggs are fragile products that require protection during storage and transportation. As a result, various packaging options like molded fiber, plastic, and cartons are widely used to prevent breakage and ensure product integrity. Sustainable and eco-friendly packaging materials are gaining prominence as consumers prioritize environmental concerns.

Additionally, the rise in egg production, advancements in packaging technologies, and stringent food safety regulations contribute to the market’s expansion. The market’s future appears promising, driven by evolving consumer preferences and the growing importance of sustainable packaging solutions. the global egg packaging market is anticipated to expand its roots at a steady CAGR of 6.2% between 2023 and 2033. The market is anticipated to cross a market share of US$ 13.18 billion by 2033 while it is likely to be valued at US$ 7.22 billion in 2023.

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Business Growth Opportunities:

  1. Sustainable Packaging Solutions: Investing in eco-friendly egg packaging materials, such as recycled paper pulp or biodegradable plastics, can appeal to environmentally conscious consumers and open up new markets.
  2. Customization and Branding: Offering customizable egg packaging solutions for retailers and farms can create opportunities to build stronger brand identity and loyalty among consumers.
  3. Expanding Distribution Channels: Exploring new distribution channels, such as online marketplaces or direct-to-consumer models, can increase market reach and accessibility for egg packaging products.
  4. Value-added Packaging Features: Developing packaging with innovative features like improved ventilation, freshness indicators, or resealable closures can enhance product value and consumer convenience.
  5. Diversification into Specialty Markets: Targeting niche markets such as organic or free-range egg producers with specialized packaging solutions tailored to their unique requirements can diversify revenue streams and foster business growth.

Upcoming Trends in Egg Packaging Industry:

  1. Biodegradable Materials: There’s a growing trend towards using biodegradable materials in egg packaging to reduce environmental impact and meet consumer demand for sustainable packaging options.
  2. Smart Packaging Technology: Integration of smart packaging technology, such as QR codes for traceability or temperature sensors for monitoring freshness, is expected to gain traction in the egg packaging market.
  3. Minimalist Design: Minimalist and sleek packaging designs that convey simplicity and freshness are becoming popular, reflecting consumer preferences for clean and modern packaging aesthetics.
  4. Convenience Packaging Formats: Single-serve or portion-controlled packaging formats are anticipated to gain popularity as consumers seek convenient and on-the-go options for eggs, driving innovation in packaging design.
  5. Value-added Features: Egg packaging with value-added features like easy-open tabs, stackability, and space-saving designs will continue to be in demand as consumers prioritize convenience and functionality in their packaging choices.

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Key Points

  • The United States market is a significant egg packaging market. The market thrives at a CAGR of 4.2% during the forecast period. The market growth is attributed to the increased demand for eggs as people tend to get into better shape and hence, join a gym. The regional market is anticipated to hold a sales volume of 327,795 units in 2023.
  • Canada egg packaging market leads the North American market in terms of CAGR with a leading CAGR of 5.4% between 2023 and 2033. The regional growth is attributed to climate-aware citizens and innovative egg packaging ideas. The market is expected to hold a sales volume of 30,031 units in 2023.
  • The molded fiber segment is likely to thrive in the material type category as it records a CAGR of 6.4% between 2023 and 2033. The growth is attributed to its eco-friendly and biodegradable properties.
  • The less than 6 eggs segment is expected to top the capacity category with a CAGR of 6.6% during the forecast period. The growth of this segment is garnered through high household consumption.

Competitive Landscape:

The key vendors focus on introducing the Key competitors and merging, acquiring, and partnering with other companies to increase their supply chain and distribution channel. The key players in the market are, Brodrene Hartmann AS, Placon Corp., Cascades Inc., Reynolds Group Holdings Ltd., CELLULOSES DE LA LOIRE, MAUSER Corporate GmbH, CKF Inc., JIN FU HUA PACKAGING INDUSTRIAL Co. Ltd., Sonoco Products Co, and Huhtamaki Oyj.

Recent Market Developments:

  • AUSER Corporate GmbH has introduced egg trays for delicate cargo. The trays are designed with FDA-approved HDPE and are resistant to temperature fluctuation and harsh detergents. The tray caters to a variety of egg sizes and holds the ideal size for grading and washing systems.
  • Hartmann pack and perform has introduced its sustainable cartons for the different numbers of eggs. The company caters to small and medium-sized egg farmers. The brand also uses sustainable paper-based packaging for each product.

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Key Segments

Egg Packaging Market by Material:

  • Paper
    • Paperboard
    • Recycled Paper
    • Molded Cup
  • Plastic
    • Polyethylene Terephthalate
    • Polystyrene
  • Others

Egg Packaging Market by Product Type:

  • Cartons
  • Trays
  • Containers
  • Others

Egg Packaging Market by Application:

  • Retailing
  • Transportation
  • Others

Key Regions Covered:

  • North America
    • The United States
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • The United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • Asia Pacific Excluding Japan
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia Pacific Excluding Japan
  • MEA
    • GCC Countries
    • Israel
    • South Africa
    • Rest of The Middle East and Africa

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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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Global Industrial Valve Market Set to Exceed US$ 96.2 Billion by 2029, Sustaining a Steady 4.3% CAGR, According to Future Market Insights, Inc.

In an era marked by transformative shifts, the global industrial valve market is poised for substantial growth, propelled by the escalating adoption of industrial valves for precise regulation of material flow. Future Market Insights (FMI) anticipates a consistent Compound Annual Growth Rate (CAGR) of 4.3% from 2022 to 2029, resulting in an impressive valuation of US$ 96.2 billion by the conclusion of the forecast period. As of 2022, the market has already solidified its presence, achieving an estimated value of approximately US$ 71.8 billion.

This surge in demand is underscored by a comprehensive half-yearly comparison analysis by FMI, providing valuable insights into the growth trajectory of the industrial valves market. Industries integral to global infrastructure, such as oil & gas, heavily rely on these valves for mission-critical functions, ensuring the efficient flow and containment of fluids in intricate extraction, refining, and distribution processes.

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With the onset of Industry 4.0 and the reciprocating shift of industries towards automation, the industrial valves landscape is compelled to move beyond its traditional, old-school valve engineering models. Although manually operated valves still account for almost 2/3rd of total sales, FMI foresees a rapidly progressing market scenario for automated valves in the next few years.

The analysis of industrial valves market on the basis of materials reveals that cast steel, carbon steel, and stainless steel remain the preferred materials among manufacturers of industrial valves, which collectively account for ~85% shares in the revenues. Bronze is likely to emerge lucrative as a material of choice, over the years to come, as indicated by report findings.

Market in APEJ Projected for Remunerative Growth:

The market in Asia Pacific excluding Japan (APEJ) is expected to exhibit lucrative growth potential in the global industrial valves market over the forecast period of 2022-2029. According to the report, this growth is propelled by the rapid growth in the oil & gas industry in countries of APEJ such as India and China, and ASEAN Countries, among others. The economic condition of these countries have been positively developing.

Furthermore, owing to the effects of macroeconomic factors such as growing population, urbanization, and rapid industrialization, the confidence of investors and investments in housing and other residential projects across APEJ has increased drastically. Consequently, the region’s chemical has considerable momentum over the past few years. This overall scenario is translating into modest growth in the demand for valves across the multiple industries, eventually pushing the market growth potential of APEJ.

Industrial Valves Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial valves market such as GE Company, Emerson, Flowserve Corporation, Schlumberger Limited, TechnipFMC Plc, KSB SE & Co. KGaA, x KITZ Corporation, Alfa Laval Corporate AB, Curtiss-Wright Corp., CIRCOR International, Inc., IMI Plc, Mercer Valve Co., Inc., National, Oilwell Varco, Inc., Weir Group Plc., Neway Valves, AVK International A/S, Flowserve Corporation, and LESER GmbH & Co. KG, among others.

The global industrial valves market is significantly consolidated with some players holding prominent shares of the market. These players are offering industrial valves under their popular brands such as Cameron, and World Valves, among others.

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Industrial Valves Market: Segment Analysis

By Valve Type:

  • Gate
    • Parallel
    • Wedge
  • Globe
    • Tee
    • Angle
    • Wye
  • Ball
    • Trunnion
    • Floating
    • Threaded Series
  • Butterfly
    • High Performance
    • Lined
  • Plug
    • Lined
    • Lubricated
    • Non-Lubricated
  • Check
    • Dual Plate
    • Piston Lift
    • Spring Loaded Disk
    • Swing Check
    • Tilting Check
    • Y Pattern
    • T Pattern
  • Safety Relief
    • Spring Loaded
    • Pilot Operated
  • Other Customized

By Valve Material:

  • Cast Steel
  • Carbon Steel
  • Stainless Steel
  • Bronze
  • Other Alloys

By End-use Industry:

  • Oil & Gas
  • Chemical
  • Water & Wastewater Treatment
  • Power Plants
  • Paper & Pulp
  • Others

By Function:

  • Manual
  • Automatic

By Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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

Sea Water Pumps Market Surges Towards a 4.3% CAGR, Poised to Exceed US$ 1.6 Billion by 2028

The global sea water pumps market is on a steadfast growth trajectory, projected to achieve a 4.3% Compound Annual Growth Rate (CAGR) from 2022 to 2028. By the conclusion of this period, the market is expected to surpass an impressive valuation of US$ 1.6 billion in 2028. Notably, in 2022, the market reached a significant milestone, boasting a substantial valuation exceeding approximately US$ 1.3 billion, highlighting its consistent growth and the expanding utilization of sea water pumps across diverse applications.

At the forefront of this thriving market are centrifugal pumps, poised to maintain their status as top-selling products. These pumps offer a myriad of advantages, including exceptional efficiency and cost-effectiveness, solidifying their position as the preferred choice for a diverse array of end-users across multiple industries. The remarkable versatility and unwavering reliability of centrifugal pumps play a pivotal role in their increasing adoption for various applications.

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Future Market Insights has released a comprehensive half-yearly analysis comparing growth forecasts and key developments in the sea water pumps market. This analysis comes in light of increased investments in oil drilling activities by various countries, driven by industrialization and population expansion trends.

This heightened focus on oil drilling activities has resulted in a notable surge in demand for centrifugal sea water pumps. Additionally, to address the rising need for fresh water, numerous desalination plants are being constructed. Consequently, the sea water pumps market is poised for rapid expansion in the upcoming years.

According to Future Market Insights’ analysis, there has been a decrease of 24 units in the BPS (Basis Point Scale) values identified in the sea water pumps market in H1 2022 compared to the projected figures for H1 2022. Notably, this marks a 16 BPS dip in the market compared to H1 2021.

Key Takeaways of Sea Water Pumps Market Study:

  • The centrifugal sea water pumps segment is expected to hold major share of the global sea water pumps market value as compared to positive displacement sea water pumps.
  • On the basis of end use, the ships segment is expected to hold prominent value share of the global sea water pumps market. These pumps are used in weight transfer function, firefighting, bilge pumping, and high pressure pumping an air conditioners.
  • By sales channel, offline sales channel is estimated to remain a key segment on the back of consumer preference towards customized sea water pumps.
  • Asia Pacific is projected to hold prominent market share in terms of value in the global sea water pumps market. This growth is being propelled by rapid increase in ship building in countries such as China, South Korea, and Japan. These countries hold 70% share of the ship building market.
  • However, the Middle East & Africa sea water pumps market is expected to project lucrative growth during the forecast period. This growth is attributable to increasing investments for desalination plants in the region.

“Sea water pumps are utilized in a variety of applications, ranging from ship building to desalination plants. Each of the applications has a different requirement, and therefore, enterprises are developing products as per specific demand.”

Key Companies Profiled:

  • KSB SE & Co. KGaA
  • Xylem Inc.
  • Sulzer Ltd
  • Torishima Pump Mfg. Co.
  • Danfoss A/S, ITT INC.
  • Flowserve Corporation
  • Ebara Corporation
  • WILO SE
  • Grundfos Holding
  • The Weir Group PLC
  • Alfa laval
  • Kubota Corporation
  • AxFlow Holding AB
  • Kirloskar Brothers Ltd.
  • Franklin Electric Co. Inc.
  • Tsurumi Manufacturing Co. Ltd.
  • Schlumberger Limited
  • Eureka Pumps AS

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Sea Water Pumps Market by Category:

By Product:

  • Centrifugal Pumps
  • Positive Displacement Pumps

By Operation:

  • Submersible
  • Non-submersible

By End Use:

  • Ships
    • Ballast Transferring
    • Firefighting
    • Bilge Pumping
    • High Pressure Deck Washing/Engine Cooling
    • Air Conditioning
  • Desalination Plants
  • Oil Refineries

By Flow Rate:

  • 1 – 50 M3/H
  • 51 – 150 M3/H
  • 151 – 350 M3/H
  • 351 – 500 s M3/H
  • Above 500 M3/H

By Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Unlock Insights: Request Your Custom Report Now To Understand Regional Segments Better. https://www.futuremarketinsights.com/customization-available/rep-gb-4930

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
LinkedIn| Twitter| Blogs | YouTube

Global Telehandlers Market Set for Substantial Growth, Anticipating a 5.1% CAGR to Reach US$ 6,247.6 Million by 2030

In a noteworthy development, the global telehandlers market is poised for significant expansion, with Future Market Insights (FMI) forecasting a robust Compound Annual Growth Rate (CAGR) of 5.1%. Approaching the culmination of the decade in 2030, the market is projected to achieve an estimated valuation of approximately US$ 6,247.6 million. The surge in demand for telehandlers can be attributed to their exceptional versatility, rendering them indispensable across a spectrum of sectors, including infrastructure and construction development projects, manufacturing, mineral processing, and mining industries.

Recognized as telescopic handlers or teleboom forklifts, telehandlers are swiftly becoming indispensable in modern construction and industrial settings. Their capacity to accommodate a diverse range of attachments and perform various tasks has propelled their popularity. This adaptability not only enhances operational efficiency but also mitigates the necessity for multiple specialized machines, thereby streamlining operations and reducing costs.

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Telehandlers have developed from a conventional landscaping and farming machinery to a much more sophisticated construction equipment. Telehandlers manufacturers invest heavily in R&D to develop and incorporate changes in their product line.

While the US and European countries have been the early adopters of telehandlers, future growth will be reliant on demand from China, India, Brazil, GCC, and countries where mega projects are coming up.

Given their multipurpose features that enables them to perform the tasks of cranes, loaders, and access equipment in several industries, telehandlers are set to be the first machinery that can be deployed at operation sites for material handling without prior ground preparation.

Tech-driven performance and dependence in tandem with total cost of ownership (TCO) possess better value of money over long run.

End-users, seeking customized solutions at slightly higher price, will find value addition in telehandlers as overall machine expense and its utilization in projects will justify customers’ initial investment in the machinery.

Key Takeaways of Telehandlers Market Study:

  1. Worldwide sales of telehandlers to surpass US$ 6 Bn in 2030
  2. Manufacturers to reap substantial gains from telehandlers having maximum lift height of 30′-60′
  3. ‘Electrification’ and ‘lightweighting’ to emerge as disruptive forces in global market
  4. The US and Europe remain the most lucrative markets

“Telehandlers are equipped with an array of attachments including, jib and crane, pallet fork, tire handlers, and re-handling multi-purpose buckets, and these attachments are transforming continuously as the cab continues to explore potential application avenues,” says analyst at FMI.

Telehandlers Market – Competitive Intelligence:

Top Key Players covered in the report:

Danfoss, Terex Corporation (Genie), Haulotte Group, Oshkosh Corporation (JLG Industries, Inc.), Linamar Corporation, Manitou BF, J C Bamford Excavators Ltd., MAGNI Telescopic Handlers Srl, Doosan Bobcat, CLAAS KGaA mbH, Wacker Neuson SE, Xtreme Manufacturing Llc

The global telehandlers market is highly consolidated with prominent players capturing about two-fifths of overall market value. Manufacturers are developing telehandlers armed with new features in an effort to lock in customers and achieve economies of scale. For instance,

JCB has rolled out its new telehandlers – Hydraload 555-210R – with rotating telescopic handler. The machine comes with maximum lifting height of 20.5 m and maximum lift capacity of 5.5 tons

Xtreme Manufacturing has introduced telehandlers that exhibit 17,000-pound capacity. The telehandlers are armed with the company’s novel modular cab design that allows them to be simply switched from open to enclosed, or vice versa, with an optional gear. This offers customers with enhanced flexibility while running telehandlers in several environments

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Market Segments:

By Maximum Lift Height:

  • Upto 30’
  • 30’ – 60’
  • More than 60’

By Ownership:

  • Rental Services
  • End Use Industries
    • Construction
    • Agriculture Aftermarket

By Region:

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

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Author:

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

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

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

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