Market Research Blog – Page 4350 – New Product Development

Exploring Key Players, End User Trends, and Decade-Long Consumption Projections in the 2023 Hydronic Underfloor Heating Market

The hydronic underfloor heating market is anticipated to develop from its anticipated US$ 4,390.4 Million in 2023 to US$ 8,012.2 Million by 2033, expanding at a 6.2% CAGR. The growing need for cost-effective heating choices, as well as government incentives and assistance for their adoption, will influence the market potential for hydronic underfloor heating.

The COVID-19 pandemic has had a negative effect on the hydronic underfloor heating sector.

In order to effectively stop the pandemic’s spread and reduce infection risk, hydronic underfloor heating systems, which may be the source of microbial contamination in enclosed spaces, have reduced the market’s growth.

Due to their strict building codes, adaptability, and high level of comfort, heating systems will become more and more popular. Furthermore, the market adoption trends for hydronic underfloor heating will be influenced by the expansion of energy efficiency standards as well as growing environmental concerns.

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The market will be driven by elements like the low maintenance required by electrically heated systems, the adaptability of floor heaters, the freedom in system design, and the simplicity of installation.

Hydronic underfloor heating solution providers should see more opportunities on the market as a result of technological and digital advancements. Digitalization in the market is being fueled by the quick uptake of hydronic underfloor heating and other high-tech goods and services like smart metres, demand-based heating systems, home automation, smart buildings, smart infrastructure, and so forth.

By utilising hydronic underfloor heating options, consumers can actively contribute to balancing future heating needs. Rapid technological development lowers heating costs while raising system effectiveness, which favourably impacts key market trends and opportunities.

Restraints in the Hydronic Underfloor Heating Market

The initial costs and installation process may be challenging because they will be constructed beneath the flooring. As a result, they hinder the adoption of hydronic underfloor heating by requiring a lot of labour and specialised personnel to install the entire system.

Systems for hydronic underfloor heating are challenging because hot water is transported through numerous pipes. Even though the hydronic system has a number of advantages over other hydronic underfloor heating systems, installing it is a significant hurdle.

They operate at a lower temperature than radiators, which warm the air. The space is heated more slowly by them. By allotting time to start the healing process, which will affect the market’s key trends and opportunities, this issue can be avoided.

Challenges are to be Faced by the Hydronic Underfloor Heating Market

Depending on the type of floor, different hydronic underfloor heating systems are available. Concrete floors require the use of high-capacity hydronic underfloor heating systems, whereas wooden floors call for the use of low-capacity heat pumps. Only engineers with experience in hydronic underfloor heating can comprehend this requirement.

Although heating mats for a particular area of the house are readily available, it will take some time before businesses introduce DIY systems for an entire house, which is seen as a great opportunity.

Thermostats, manifolds, heat pumps, and boilers are just a few of the components that make up hydronic underfloor heating systems.

The overall performance of a hydronic underfloor heating system is affected by minor problems with heat pumps and boilers, which has an impact on the demand for hydronic underfloor heating.

Hydronic underfloor heating systems need routine maintenance, which should only be carried out by qualified hydronic underfloor heating engineers. The hydronic underfloor heating market has faced significant difficulties as a result of the need for ongoing maintenance of each component.

Trends in the Hydronic Underfloor Heating Market

The residential application is anticipated to hold a sizable market share due to the increased emphasis on demand-based heating solutions.

The product’s ability to outlast other combustion-based heating systems while offering affordable, effective heating to buildings will boost demand for hydronic underfloor heating in residential applications, which will in turn boost sales of the technology.

The main market players are concentrating on enhancing production capabilities and product innovation, which is boosting market opportunities.

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Key Segments

Market, By Facility:

New Buildings
Retrofit

Market, By Application:

Residential
- Single-family
- Multi-family
Industrial
Commercial
- Education
- Healthcare
- Retail
- Logistics & Transportation
- Offices
- Hospitality
- Others

Fragmented:

Robert Bosch GmbH
Pentair PLC
Mitsubishi Electric Corporation
Emerson Electric Co.
Schneider Electric SE
Siemens AG

Consolidated:

Uponor Corporation
Honeywell International, Inc.

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 is 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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AGM Battery Market Set for Growth and Technological Advancements Predicted Through 2032

The global absorbent glass mat (AGM) battery market is anticipated to generate US$ 18 billion while exhibiting a 4.8% CAGR over the course of the projected period, according to Future Market Insights. In the upcoming years, market expansion is probably going to be fueled by the increasing backing from several governments. In 2022, the sector is anticipated to generate US$ 11.2 billion in revenue.

The fundamental driver propelling the growth of the absorbent glass mat (AGM) battery market is the volume of R&D by the top manufacturer and the production of maintenance-free, non-spillage batteries with long lives. Over the course of the projected period, the demand for renewable energy projects is anticipated to grow across the board.

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The UPS segment is likely to offer remunerative opportunities for the global absorbent glass mat(AGM) battery market. Several emerging economies are making significant developments in their automotive sector, thereby, providing lucrative opportunities to players in the market.

Key Takeaways From the Market Study:

By application, the UPS segment is expected to record a 3.8% CAGR by 2032
By voltage, the 2-4volts segment to expand at a 3.2% growth rate during the forecast period
The U.S market to garner US$ 6 Billion and record a 4.5% CAGR from 2022-2032
Market in China to procure US$ 1 Billion, expanding at a 4.1% growth rate during the assessment period

Competitive Landscape
Eminent players of the global absorbent glass mat (AGM) battery market include Clarios, Power Sonic Corporation, Exide Technologies, C&D Technologies, East Penn Manufacturing Company among others. Recent key developments among players include:

In November 2021- Clarios entered a strategic collaboration with China Lithium Battery Technology Company (CALB) to develop low-voltage lithium-ion battery systems to address the growing electrical needs of global automakers. The partnership will develop and manufacture low-voltage lithium-ion battery systems with lithium iron phosphate (LFP) cells to support the needs of electric vehicles — combining CALB’s lithium-ion cell expertise with Clarios’ battery system and vehicle integration capabilities.
In May 2021 – Exide Technologies, updated its Exide Premium range with a modern new black design with new recycled components for reduced environmental impact. The change will lead to savings of 2,700 tons of CO2, 8 million litres of water and 1.2 million litres of crude oil in Exide’s manufacturing each year.

Eminent players of the global absorbent glass mat (AGM) battery market include:

Clarios,
Power Sonic Corporation,
Exide Technologies,
C&D Technologies,
East Penn Manufacturing Company among others.

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Key Segments Covered In The Absorbent Glass Mat(AGM) Battery Industry Survey:

by Type:

Stationary Absorbent Glass Mat (AGM) Battery
Motive Absorbent Glass Mat (AGM) Battery

by Voltage:

2-4 Volts Absorbent Glass Mat (AGM) Battery
6-8 volts Absorbent Glass Mat (AGM) Battery
12 volts and above Absorbent Glass Mat (AGM) Battery

by End User:

Absorbent Glass Mat (AGM) Battery OEM
Absorbent Glass Mat (AGM) Battery Aftermarket

by Application:

Absorbent Glass Mat (AGM) Battery for Automotive
- Motor Vehicle
- Motor Cycle
- Others
Absorbent Glass Mat (AGM) Battery for UPS
Absorbent Glass Mat (AGM) Battery for Industrial Applications
Absorbent Glass Mat (AGM) Battery for Energy Storage
Absorbent Glass Mat (AGM) Battery for Other Applications

by Region:

North America Absorbent Glass Mat (AGM) Battery Market
Europe Absorbent Glass Mat (AGM) Battery Market
Asia-Pacific Absorbent Glass Mat (AGM) Battery Market
Middle East & Africa Absorbent Glass Mat (AGM) Battery Market
Latin America Absorbent Glass Mat (AGM) Battery Market

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Sales of Cooker Hoods Market are Expected to Accelerate at a CAGR of 4.9% by 2032 | FMI

The global cooker hoods market is anticipated to grow at a 4.9% CAGR, with sales expected to reach US$ 12.1 Billion in 2022. In light of this, the global market for cooker hoods will grow to US$ 17.15 billion by 2032. Cooker hood sales account for 5–10% of the global market for home appliances.

Another factor which is driving the market is the presence of leading market players in the country. With technological advancements, small and medium companies are making progress via new contracts and collaborations with technology-based startups, which, in turn, is driving sales of cooker hoods.

“The introduction of ductless cooking hoods, along with rising demand for smart kitchen appliances across the globe will augment the growth in the market in the forthcoming years,” says an FMI analyst.

In Europe, U.K is expected to account for a dominant share in the market owing to rapid development of more innovative, energy efficient, and technologically advanced household appliances.

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Key Takeaways:

Based on product type, sales of integrated cooker hoods will remain high.
By applications, demand for cooker hoods in the residential segment will gain traction.
In terms of sales channel, the exclusive stores segment will expand at a considerable pace over the assessment period.
The U.K. will continue dominating the Europe cooker hoods market over the forecast period amid high demand for smart kitchen appliances.
India will emerge as a lucrative pocket owing to the expansion of the foodservice sector in the country.

Competition Landscape

Appliances are being integrated with Internet of Things (IoT) platforms by market players. Apps for mobile and desktop devices allow smart kitchen equipment to work remotely and wirelessly,in real-time. Mergers and acquisitions, as well as product development and innovation, are among the strategies adopted by key players to gain a competitive edge.

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Adding new features and functionality is a major concern for companies. Major players present in the Cooker Hoods market are Bosch, Miele, Siemens, Elica hoods, Midea, Luxair Cooker Hoods Limited, Inflame Appliances Ltd, Eico A/S, Westin, Candy Hoover Group S.r.l, Falmec Kitchen Appliance Limited and Hafele Appliances among others.

Cooker Hoods Market by Category

By Product Type:

Chimney/wall-mounted cooker hoods
Integrated cooker hoods
Downdraft cooker hoods

By Technology:

Extraction Technology
Filter less Technology

By Application:

Residential
Commercial

By Sales Channel:

Multi-Brand Stores
Exclusive Stores
Online Stores
Independent Stores
Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Vertical Immersion Pumps Market Poised to Reach US$ 6,050.8 Million by 2033, as Predicted by Future Market Insights

It is anticipated that the market for vertical immersion pumps Market will increase, with a Y-o-Y growth of 3.7% in 2022. In 2023, the market is anticipated to reach US$ 3,786.2 million. The adoption of IoT devices and the emergence of automation across industries are primarily responsible for the growth.

According to Future Market Insights, the application of vertical immersion pumps in irrigation, dewatering, and water cooling is the key factor propelling the growth in the market. As these pumps can withstand heavy temperatures, with the possibility of cavitation, the demand for vertical centrifugal immersion pumps will increase.

Over the past two decades, the urban population has grown by approximately 2%. To cater to the growing demand for basic necessities such as food and crops, the need for vertical immersion pumps in the irrigation sector is surging. Hence, key players are integrating technological advancements to capitalize on growing demand.

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This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Vertical Immersion Pumps Market from 2017 to 2021 and provides extensive market forecasts from 2022 to 2032 by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Vertical Immersion Pumps Market

Based on capacity, vertical immersion pumps up to 100m3/hr capacity are gaining immense popularity, especially for irrigation, dewatering, and potable water supply applications.

Key Takeaways from Vertical Immersion Pumps Market Study

In terms of application, the irrigation segment will witness the highest growth over the forecast period
Based on capacity, the up to 100m¬3/hr segment will account for a significant share on the back of growing application in the irrigation sector
The U.S. is expected to spearhead the growth in North American vertical immersion pumps market through 2022 & beyond
By product type, the cantilever pump (VS-5) is the most commonly used vertical immersion pump which acquires around half of the market volume-wise.

“Burgeoning use of vertical immersion pumps due to high-temperature comportment proportions and deterioration resistant property, the sales in the market are expected to increase at a steady rate.” says a Future Market Insights analyst.

Who is winning?

The vertical immersion pumps market is fragmented with several key players. As per FMI, top players are expected to hold around 35% to 40% of the market shares. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.

Some of the key players in this industry include

Ruhrpumpen Group
Brinkamann Pumps
KSB Pumps
Gusher Pumps
ITT Inc.
AxFlow Holdings AB
Lutz JESCO GmbH
Castle Pumps
North Ridge Pump
CRI Pumps
FLUX Pumps
Flowserve Corporation
Tapflo Pumps UK
Andritz
Sulzer
Lenntech BV
Vertiflo Pump Company
Salvatore Robuschi

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Global Vertical Immersion Pumps Market by Category

By Product Type:

Line Shaft Pump (VS-4)
Cantilever Pump (VS-5)

By Capacity:

Up to 100m3/hr
100 to 500m3/hr
500 to 1000m3/hr
Above 1000m 3/hr

By Application:

Irrigation
Potable Water Supply
Water Cooling
Dewatering
Geothermal Well
Oils, Fuels, Lubricants Transfer
Others

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Hospitality Staffing Market is Likely to Reach US$ 1886.6 Billion by 2032 | FMI

The hospitality staffing market is expected to strengthen its hold on the global market at an average CAGR of 6.9% between 2022 and 2032. The market is valued at US$ 971.3 Billion in 2022 and is likely to reach US$ 1886.6 Billion by 2032. Previously, the market was thriving at a slightly higher CAGR of 6.5% (2015-2021), ensuring a market size of US$ 963.4 Billion in 2021.

The driving growth of the hospitality staffing market is attributed to the recovering hotel industry, new tourist spots opening up, high discounts on tourist packages along with technologically advanced platforms that make it easy for the end users to access the travel locations, hotels, and transportation.

The hospitality sectors demand competent and professional staff that adds value to the hospitality services while enrolling in time-to-time training programs to increase the understanding of the work culture.

The growing population, along with new travel locations opening, are pushing the hospitality sector and government to invest more capital into the hotels, parks, monuments, and accommodation facilities, using the latest advanced technology.

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The government and its initiative have put forward the agenda of making the travel and hospitality industry survive and then get it back on track. As soon as the restriction and lockdown had been lifted, the hospitality centers started hiring new employees.

The major restrictions that hold the hospitality staffing market backward are the use of third-party services along with the incompetency of the management that fails to hire the right set of staff that helps the business is growing exponentially.

The latest trend that changes the dynamics of the hospitality staffing market is the online marking system that helps the candidate gain market according to their skillset. This way, each position, and its required skillset gets fulfilled through these operations.

Key takeaways:

Market analysis explains that the market is categorized by work position, work and end user. These categories are further divided into small segments that expand their channels in multiple market spaces.
Manager segment is the largest segment by the work position type and will hold the biggest portion of the market in the forecast period, thriving at CAGR of 4.3% through 2032. The growth of segments is attributed to leadership vacuum, rising management issues, new project-based companies setting up in FMCG and travel industry.
Growing population along with new travels locations opening through are pushing the hospitality sector and government to invest more capital into the hotels, parks, monuments and accommodation facilities, using the latest advanced technology.

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Key Segments

By Work Position Type:

Manager
Specialist
Attendant
Others (Chefs, Auditor, Receptionist)

By Work Type:

Event Caterers
Janitors
Parking Attendants
Banquet and Restaurant Servers
Others (Prep Cooks, Housekeepers)

By End-use Industry:

Food and Beverages
Travel & Tourism
Lodging

Competitive landscape:

Some of the hospitality staffing market competitors listed in the FMI’s study on Hospitality staffing market are Hospitality Staffing Solutions, Remedy Intelligent Staffing, Allinace Recruitment Agency, The Service Companies, Inc., Alrich Hospitality Staffing Inc., Bolt Staffing Services, Hospitality Staffing UK, Luxe Hospitality Staffing, and Refugee Staffing Agency.

Recent Development

Hospitality staffing solutions has introduced its powering hospitality staffing solutions that cover workers and businesses and has also launched its new eBook named “Safety Matters: A Guide to Safety and Hospitality Contingent Labour”.

Remedy Intelligent Staffing has upgraded its hospitality staffing solutions with new best practices like introducing its app that can help the workers in finding jobs in the hospitality sector, pushing the sales of hospitality staffing solutions.

About Future Market Insights (FMI)

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

Contact Us:

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Revolutionizing the Climate: Desiccant Wheel Market Poised to Reach US$ 683.2 Million by 2033 – Exclusive Insights from FMI’s Report

The Desiccant Wheel Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Desiccant Wheel market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Desiccant Wheel. 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 desiccant wheel market is expected to record a CAGR of 4.3% during the forecast period. The market is anticipated to be valued at US$ 448.4 million in 2023 and is projected to reach US$ 683.2 million by 2033.

According to a desiccant wheel market assessment, the general humidity content of the atmosphere has changed significantly over the past few decades as a result of rising carbon dioxide levels and rising atmospheric temperatures.

Desiccant dehumidifiers have demonstrated their ability to be significantly more effective and faster than compressor-based dehumidifiers, boosting the desiccant wheel market share. Furthermore, growing electricity costs and the portability of desiccant dehumidifiers are expected to boost global demand for desiccant wheels.

The rapid expansion rate in infrastructure displayed by a large number of industry verticals around the world is the primary driver of the global desiccant wheel market. Several companies in electronics, pharmaceuticals, chemicals, food and beverage, and other sectors are exclusively presenting a tremendous increase in demand and infrastructure development.

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In the anticipated period, the rise of these industries resulted in a significant demand for desiccant wheels. Desiccant wheels can also absorb atmospheric moisture in considerably shorter periods of time, which has boosted the global desiccant wheel market.

Chemicals, pharmaceuticals, food, and beverage industries, for example, require carefully controlled atmospheric conditions in their manufacturing areas. Because many of the items made in these verticals are hygroscopic in nature, they can quickly collect moisture from the air. This increased moisture or humidity could have a negative impact on the manufacturing process or the finished product.

To avert this catastrophe, enterprises use dehumidification techniques in close proximity. The usage of desiccant wheels to control humidity levels in the aforementioned industries is one of the most successful and cost-effective approaches, which is the key driver of the desiccant wheel market.

For sustaining regulatory criteria connected with relative humidity (RH) levels in production infrastructures, desiccant wheels are in high demand from a variety of industry verticals such as food & drinks, chemicals, and pharmaceuticals.

The desiccant wheel market adoption trends are projected to gain global appeal in the next years due to lower electricity costs and the portability of desiccant dehumidifiers. Furthermore, when it comes to extracting moisture in short time spans, desiccant dehumidifiers have proven to be far more successful than compressor-based dehumidifiers.

Food and beverage, pharmaceutical, chemical, and electronics industries, among others, have had promising expansion in recent years. All of the aforementioned industries are subject to stringent government controls.

These businesses make considerable use of desiccant wheels for moisture control in order to attain the allowable humidity level. Other dehumidification technologies, such as thermal wheels and compressor-driven dehumidifiers, have a number of advantages over desiccant wheels.

In addition, after the moisture from the desiccant has been removed, the desiccant wheel can be reused. As a result, the overall operating cost is reduced, making this technology suitable for a variety of businesses. The desiccant wheel market is predicted to grow in lockstep with the rest of the industry in the coming years.

Key Takeaways From the Desiccant Wheel Market Study:

In recent years, the pharmaceutical and chemical industries have used desiccant wheels for dehumidification, helping the North American desiccant wheels market to stay ahead of other regional markets.
Silica Gel, one of the report’s sectors, is expected to rise at a CAGR of 4.8 percent over the forecast period.
The US desiccant wheel market size is expected to reach a valuation of US$ 177.3 Mn by 2032.
The top application for the desiccant wheel market is pharmaceutical, which is anticipated to rise at a growth rate of 4.5% over the analysis period.

Key Players Operating in the Desiccant Wheel Market

Munters
NovelAire Technologies
DRI
Trane
Rotor Source Inc.

The desiccant wheel market is highly fragmented, with numerous desiccant wheel manufacturers. These businesses endure fierce competition and must keep up with current market events in order to maintain their market position. One of the principal techniques used by market leaders to maintain their dominance is to form strategic alliances with end-use industries for supply.

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Key Segments

By Type:

Silica Gel
Molecular Sieve
Activated Alumina
Others

By Application:

Pharmaceutical
Food Industries
Chemical
Electronics
Warehousing
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
South America

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Hydraulic Cylinder Market’s Path to a US$ 24 Billion Valuation by 2033 with a 4.6% CAGR, as Per Future Market Insights, Inc.

The global hydraulic cylinder market is expected to advance at 4.6% between 2023 and 2033. The valuation is expected to exceed US$ 24 billion by 2033. In 2023, the estimation is likely to be at US$ 15.3 billion.

Automotive factories face a massive demand for hydraulic cylinders. In 2021, the automotive market had a mammoth valuation of US$ 2.8 trillion and is expected to grow at a robust rate during the forecast period. These figures display massive prospects for the market going ahead.

Hydraulic cylinders are used in the construction sector as well. These are deployed for the preparation of concretes, and also for transferring heavy loads to the construction site. Rapid urbanization in major parts of the world presents a slew of opportunities for the market.

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The ability to provide variable speed control ensures that the machine doesn’t deteriorate because of extreme working conditions. Certain kinds of hydraulic cylinders occupy less space, and despite not possessing a massive build, they perform flawless operations. The investors are ready to pour huge amounts of money because of their ability to deliver efficient power-to-weight ratios. All these factors are expected to surge the sales of hydraulic cylinder during the forecast period.

However, the lack of availability of raw materials because of the ongoing supply chain issues is expected to hinder the market growth.

Thus, from the insights provided by the FMI analysts, it can be inferred that the ‘massive automotive market, surging construction sector, the ability to work in extreme conditions and lots of other factors are expected to surge the growth of hydraulic cylinder market during the forecast period.’

Key Takeaways From the Market Study:

The market is expected to record a CAGR of 4.6% during the forecast period.
In 2023, the valuation is expected to be at US$ 15.3 billion.
By 2033, the market size is expected to surge past US$ 24 billion.
Asia Pacific is expected to be the dominant market during the forecast period.
The United States market is expected to record a CAGR of 3.5%.
The United Kingdom market is expected to register a CAGR of 3.9%.
China’s market is anticipated to post a growth rate of 6.3%.
Japan market is projected to surge at 5.1%.
South Korea market is anticipated to advance at 5.4%.
Based on product type, welded hydraulic cylinder is expected to be the dominant segment, and is expected to grow at 4.6%.
Based on application, mobile equipment is anticipated to be the leading segment and is projected to grow at 4.5%.

Competitive Landscapes

The manufacturers operating in the hydraulic cylinder market are expected to invest in crucial acquisitions. This comes at a time when all the pending projects are done on a priority basis after a brief gap. Apart from that, the intention is to grab the lion’s share of the market. The key players are also pumping in millions of dollars in research and development activities. A lot of emphasis is being laid on sustainable initiatives. With governments worldwide adopting stringent measures to cut down carbon emissions, the key players have started adopting eco-friendly practices, and are making use of green technology.

Recent Developments

In October 2022, Caterpillar announced the expansion of its construction industry portfolio with four battery electric machines.
In December 2022, Eaton expanded its cybersecurity services and added global customer experience sites to help customers address critical infrastructure vulnerabilities.

Other significant players profiled:

Caterpillar
Eaton
Bosch Rexroth
Enerpac Tool Group
KYB Corporation.

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Key Segments Covered in Hydraulic Cylinder Industry Research

By Bore Size:

<50 mm
51 – 100 mm
101 – 150 mm
151 – 300 mm
Above 300 mm

By Product:

Tie-rod Cylinders
Threaded Cylinders
Welded Cylinders
Bolted/ Mill Cylinders
Telescopic Cylinders
Other Cylinders

By Application:

Hydraulic Cylinders for Industrial Equipment
- Lifts & Aerial Work Platforms
- Rams & Presses
- Loading Docks
- Injection Molding Machines
- Oil & Gas and Offshore Applications
- Others
Hydraulic Cylinders for Mobile Equipment
- Agricultural & Forestry Vehicles
- Construction Equipment’s
- Mining & Material Handling Equipment
- Others

By Operating Principle:

Single Acting
Double Acting
Multi-stage/ Tandem

By Region:

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

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APAC Leads Global Gaffers Tape Industry Amid Construction Boom, Expected To Surpass US$ 3.73 Billion By 2032

In 2022, the gaffers tape market is estimated to reach a value of US$ 1.73 billion, with projections indicating that it will exceed US$ 3.73 billion by 2032. Throughout the forecast period, sales of gaffers tape are anticipated to maintain a stable growth trajectory, with a consistent Compound Annual Growth Rate (CAGR) of 8%.

The global gaffers tape market is geographically divided into North America, Latin America, Europe, Asia-Pacific (APAC), and the Middle East & Africa (MEA). Over the forecast period from 2017 to 2027, the global gaffers tape market is anticipated to experience a substantial Compound Annual Growth Rate (CAGR).

Asia-Pacific (APAC) takes the lead in the global gaffers tape market and is expected to maintain its dominance throughout the forecast period. This is attributed to the burgeoning construction industry, driven by population growth, government infrastructure development plans, and urbanization in the region. Additionally, the ready availability of raw materials like PVC and polypropylene in China is poised to boost demand for gaffers tape in the APAC region.

North America is expected to trail behind APAC in the gaffers tape market during the forecast period. This is influenced by the region’s diverse industrial sectors, strong economy, and the use of gaffers tape in various applications, contributing to steady market growth.

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Gaffers Tape Market – Major Players

Some of the major players identified across the globe in the Gaffers Tape market are

Henkel AG & Co., KGaA,
3M Company,
The Dow Chemical Company,
Avery Dennison,
Ashland Inc.
H.B Fuller.

Construction Industry Growth: The construction sector plays a pivotal role in driving the gaffers tape market, as it is widely used for temporary fixtures, securing cables, and marking areas during construction and renovation projects.
Entertainment and Events: Gaffers tape is a staple in the entertainment and event industry, used for securing cables, marking stages, and creating temporary markings. The growth of events, festivals, and the entertainment industry fuels demand.
Film and Television Production: Gaffers tape is essential on film and television sets for various applications, from securing equipment to marking positions. The growth of the media industry contributes to demand.
Versatility and Durability: Gaffers tape’s unique combination of strength, durability, and residue-free removal makes it a popular choice for a wide range of applications, including arts and crafts.
Safety and Accessibility: The emphasis on safety in workplaces and public spaces drives the use of gaffers tape for cord and cable management to prevent tripping hazards.
E-commerce and Retail: The growth of e-commerce and retail drives demand for packaging and logistics solutions, and gaffers tape is used for secure packaging and sealing of shipments.
Sustainability: With increasing environmental awareness, there’s a shift towards eco-friendly and sustainable gaffers tape options, contributing to market dynamics.
Customization and Branding: Gaffers tape is often customized with branding, colors, and patterns, offering a unique marketing tool for businesses.

Gaffers Tape Market – Market Dynamics

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Regional Analysis includes

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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

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Nandini Singh Sawlani

North America’s Appetite Drives Growth in Perforated Packaging Market, Projected To Ultimately Total A Valuation Of US$ 40.39 Billion By 2032 Globally

Future Market Insights predicts a 5% Compound Annual Growth Rate (CAGR) for the perforated packaging market from 2022 to 2032, with the demand for such packaging expected to reach a value of US$ 24.8 Billion by the end of this fiscal year. Their study anticipates that the industry will eventually reach a substantial valuation of US$ 40.39 Billion by the year 2032.

The perforated packaging market is regionally segmented into Latin America, Europe, North America, Asia-Pacific excluding Japan (APEJ), and the Middle East & Africa (MEA). This market is expected to experience steady growth between 2016 and 2024.

North America is anticipated to witness significant growth in the perforated packaging market during this period, primarily due to its high consumption of processed meat and packaged food. The region’s affinity for convenience foods and quick-service restaurants contributes to this trend.

In contrast, the demand for perforated packaging in Eastern and Western Europe is expected to be sluggish, mainly due to government policies discouraging extensive plastic usage in packaging.

The APEJ region, which includes countries like India and China, is poised for robust growth in the perforated packaging market. This growth is driven by rapidly changing lifestyles, an increase in modern retail outlets, and a growing consumption of processed meat and packaged foods. The APEJ region is expected to yield promising results for the perforated packaging market, reflecting evolving consumer preferences and lifestyle choices.

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Perforated Packaging Market – Key Players

Some key players in the perforated packaging market are

Amcor Limited
Now Plastics
Helion Industries
Amerplast
ULTRAPERF
Ajover S.A.
A-ROO Company LLC
3M Company
LaserSharp FlexPak Services

Perforated Packaging Market- Market Dynamics

Environmental Concerns: Increasing environmental awareness has prompted a shift toward sustainable and eco-friendly packaging solutions. Perforated packaging, which often uses less material and reduces waste, aligns with these concerns.
Food Industry Trends: The food industry, particularly the demand for fresh and convenient foods, plays a crucial role. Perforated packaging allows for proper airflow, prolonging the freshness of products like fruits, vegetables, and baked goods.
Retail Landscape: The growth of modern retail outlets and convenience stores has increased the demand for perforated packaging, as it offers easy storage and display advantages.
E-commerce Expansion: The surge in e-commerce has driven the need for perforated packaging in shipping, as it facilitates breathability and extends product shelf life.
Health and Hygiene: The COVID-19 pandemic has elevated awareness about health and hygiene, impacting packaging choices. Perforated packaging, which can enhance cleanliness and safety, is increasingly valued.
Government Regulations: Regulations and standards regarding food safety and packaging materials affect the adoption of perforated packaging, especially in regions with stringent guidelines.
Consumer Convenience: Perforated packaging enhances consumer convenience by allowing easy opening and resealing of packages, making it a favored choice for many products.
Customization and Branding: Perforated packaging can be customized with branding, labels, and designs, which enhances product presentation and consumer appeal.

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Perforated Packaging Market- Market Segmentation

The perforated packaging market can be segmented by the size of the perforation, material used, the product formed, manufacturing technology used and application.

Based on the Perforation size the perforated packaging market can be segmented into:

Micro perforation
Macro perforation

Based on the use of material the perforated packaging market can be segmented into:

Low-density polyethylene
Polypropylene
Perforated tarpaulin

Based on the product formed the perforated packaging market can be segmented into:

Woven sacks bags
Liner bags
Bopp film
Anti-bacterial BOPP film

Based on the manufacturing technology used the perforated packaging market can be segmented into:

Laser perforated films
Punched hole films

Based on the application, the perforated packaging market can be segmented into:

Bakery & Confectionery Products
Produce grain
Produce vegetable
Produce fruits
Dried fruits
Other food products

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Asia Pacific Leads the Global Smooth Hinge Caps & Closure Market Forecast Up to 2027

Smooth Hinge Caps And Closure Market: A Game-Changer

Smooth hinge caps and closures are revolutionizing the way products are packaged, stored, and accessed. These innovative closures boast seamless operation, robust sealing capabilities, and user-friendly designs, making them highly desirable across various industries. Let’s delve into the intricacies of the Smooth Hinge Caps And Closure Market, exploring its diverse applications and impact on packaging dynamics.

The global smooth hinge caps and closure market, segmented into five key regions – North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa, is expected to demonstrate an impressive Compound Annual Growth Rate (CAGR) throughout the forecast period from 2016 to 2024.

Among these regions, the Asia Pacific is set to dominate, accounting for the largest market share in the global smooth hinge caps and closure market during the forecast period. This robust growth is primarily attributed to the booming cosmetic and personal care sectors in the region, as well as the increasing consumer demand for these products.

Within the Asia Pacific, India and China are expected to be particularly attractive destinations for smooth hinge caps and closure manufacturers. North America, notably the United States, will also exhibit substantial growth, driven by a thriving organized retail sector and the introduction of innovative products.

Conversely, the Middle East and Africa region are anticipated to experience the least growth compared to other geographies. This divergence in growth reflects the varying market dynamics and consumer preferences across these regions.

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Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Smooth Hinge Caps And Closure market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

It also provides a list of leading players and recent development in the global Smooth Hinge Caps And Closure market. Some of the key players in the global smooth hinge caps & closure market are

Nippon Closures Co Ltd.,
Interpac International Corporation,
B&C PLASTICS LTD.,
RPC Group Plc,
Closure Systems International, Inc.,
Bericap GmbH and Co KG,
Global Closure Systems,
AptarGroup, Inc. etc.

Sustainability and Eco-Friendly Initiatives

In an era focused on sustainability, smooth hinge caps and closures have taken the lead in eco-friendly packaging solutions. Learn how these closures contribute to reducing environmental impact and supporting the global movement towards greener practices.

Innovations Driving the Smooth Hinge Caps And Closure Market

Continuous research and development have paved the way for groundbreaking innovations in the smooth hinge caps and closure industry. This section highlights some of the latest advancements that are shaping the future of packaging.

Industry Regulations and Standards

To ensure consumer safety and product quality, regulatory bodies have established stringent guidelines for packaging. Discover how smooth hinge caps and closures comply with these standards and contribute to consumer well-being.

The Future of Smooth Hinge Caps And Closure Market

The smooth hinge caps and closure market are witnessing rapid growth, with no signs of slowing down. In this section, we explore the projected trends and opportunities that lie ahead for the industry.

Key Smooth Hinge Caps And Closure Market Takeaways and Projections

The U.S. is expected to lead the North America Smooth Hinge Caps And Closure market, projecting the fastest growth in the region between 2022-2032
Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.

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Report Benefits & Key Questions Answered

Smooth Hinge Caps And Closure Historical Market Analysis: The detailed survey by FMI, examines key factors in the Smooth Hinge Caps And Closure market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Smooth Hinge Caps And Closure market for the forecast period 2022-2032.
Smooth Hinge Caps And Closure Category & Segment Level Analysis: The category & segment level analysis conducted by FMI studies the market in terms of segments. It studies the vital dynamics across each segment and also highlights their growth prospects in the coming ten years.
Smooth Hinge Caps And Closure Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Smooth Hinge Caps And Closure for the assessment period. As per the study, the demand for Smooth Hinge Caps And Closure will grow at a robust CAGR between 2022-2032.
Smooth Hinge Caps And Closure Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Smooth Hinge Caps And Closure market. It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
Smooth Hinge Caps And Closure Market Trend Analysis: The latest study by FMI on the Smooth Hinge Caps And Closure market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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Smooth Hinge Caps And Closure Market: Market Segmentation

The global smooth hinge caps & closure market is segmented on the basis of material type, end user and seal type

Based on the material type the global smooth hinge caps & closure market is segmented into

Polyethylene (PE)
Polypropylene (PP)
Others

Based on the end user the global smooth hinge caps & closure market is segmented into:

Beverages
Non-alcoholic
Alcoholic
Condiment
Cosmetic & personal care
Shampoo
Body lotion
Shower gel
Others
Home care
Pharmaceutical

Based on the seal type the global smooth hinge caps & closure market is segmented into:

Liner less
Packing liner

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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