Kombucha Tea Market Optimistic Scenario, Economical Factors and Regional Outlook till 2032

The global kombucha tea market is set to witness growth at a CAGR of 12.3% and is anticipated to reach a valuation of around USD 5,234.6 Million by 2032.

One of the primary factors driving the global kombucha tea market is the growing demand for convenience packaging. Busy lifestyles and time constraints across the globe have increased the demand for on-the-go food items.

This is increasing the sales of kombucha tea that can be easily carried in the pocket. To capitalize on this, key players are adding attractive packaging, which extends the shelf life of kombucha tea storage.

Kombucha tea manufacturers are also constantly providing consumers with more creative products in terms of flavors. The kombucha tea innovation is done to meet consumer demand for a healthy and nutritious drink without compromising the flavor, taste, texture, and nutritional properties of the product.

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Key Takeaways from Market Study

  • Organic kombucha tea is expected to grow at a lucrative 13.8% CAGR during the forecast period.
  • North America kombucha tea market is expected to dominate the global market in 2022, with a share of around 24.1% by 2032
  • In terms of sales channels, modern trade is expected to have a dominant share in 2022
  • Online retail stores are expected to grow at a rapid pace during the forecast period.
  • In terms of product type, green tea is expected to dominate the global market in 2022
  • Black kombucha tea is expected to grow at a rapid pace during the forecast period.

 “Manufacturers of kombucha tea are focusing on increasing product transparency. They are also putting together dedicated teams to devise legal marketing strategies to ensure proper kombucha tea representation to woo consumers.” says a Future Market Insights analyst.

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Competitive Landscape

Kombucha tea manufacturers are introducing new products to cater to consumers’ diverse preferences and tastes.  Kombucha tea market trends such as changing consumer preferences toward non-alcoholic beverages and increased consumption of healthier beverages, key players are focusing on expanding their product portfolio.

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Kombucha Tea Market by Category

By Nature:

  • Organic
  • Conventional

By Product Type:

  • Green Tea
  • Black Tea
  • Oolong Tea
  • Others

By Flavor Type:

  • Regular/Unflavored
  • Flavored

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By Sales Channel:

  • Modern Trade
  • Convenience Stores
  • Traditional Grocery Stores
  • Specialty Stores
  • Online Retail Stores
  • Others

By Region:

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

About FMI

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

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Spirits Market Study on the basis of Key Companies, Consumer insights, Regional Outlook and Opportunities by 2032

The global spirits market is estimated at US$ 56 Billion in 2022 and is projected to reach US$ 92.9 Billion by 2032, at a CAGR of 5.2% from 2022 to 2032.

Spirit is an alcoholic beverage prepared through distillation process in which the component substances are separated from a liquid mixture via evaporation and condensation. This process is used for purification of the mixture and for removing the diluting components such as water. This is done in order to increase the alcohol content by volume (ABV).

Rising demand for alcoholic beverages can be attributable to the increasing consumption among millennials. A gradual increase in the party culture has been noticed over the past few years which has contributed well to the market growth. Alongside this, peer pressure among students and adults and the influence of social media are convincing consumers to experiment with new drinks and different flavors.

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The latest trend of partying at clubs, bars, cafes and pubs in developing economies like India and China owing to attractive pay packages and changing lifestyle is likely to result in surging demand for spirits in the coming years. Varied types of spirits such as vodka and whiskey are mostly consumed during outings.

Furthermore, increasing spending capacity of working population has encouraged them to switch to premium brands, which is expected to fuel the spirits market growth over the forecast period (2022-2032).

Key Takeaways from Market Study

  • East Asia is expected to dominate the global market by accounting for the maximum market value share of about 25% by 2022 end
  • Rising partying culture in different regions across the globe is predicted to result in surging demand during the assessment period (2022-2032)
  • By product type, whiskey is expected to account for the maximum market share by 2022 end
  • Higher income groups and working population have increased spending capacity, which is likely to increase the demand for premium brands of spirits in the near future
  • Indirect channel is expected to account for a higher market value share than direct channel by 2032 end

 “Trending partying culture at clubs and pubs among today’s millennial is expected to result in an impressive growth in the spirits market in the coming decade,” says a Future Market Insights analyst.

Competitive Landscape

Key market participants are following different marketing and promotional strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to address the needs of the consumers and serve accordingly, thus, creating a larger customer base in the coming years.

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Future Market Insights, in its new report, offers an impartial analysis of the global spirits market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

By Product Type, Global Spirits is segmented as:

  • Vodka
  • Rum
  • Whiskey
  • Gin
  • Tequila
  • Others

By Category, Global Spirits is segmented as:

  • Mass
  • Premium

By Application, Global Spirits is segmented as:

  • Household
  • Commercial

By Distribution Channel, Global Spirits is segmented as:

  • Direct
  • Indirect
    • Hypermarkets/Supermarkets
    • Specialty Stores
    • Independent Retailers
    • Online Retailers

By Region, Global Spirits is segmented as:

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

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Frequently Asked Questions

  • How big is the spirits market?
  • At what rate is the global spirits market expected to grow?
  • What are the key strategic adopted by spirits market players?
  • How much share does the top 10 companies in the spirits market hold?
  • Which are the major countries driving demand for spirits?

About FMI

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

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Champagne Market Study on Key Players and Future Growth Estimations and Regional Outlook to 2032

The global champagne market is expected to reach a market valuation of US$ 7.0Billion by the year 2022, accelerating at a CAGR of 5.08% by 2022-2032, to reach a value of US$ 11.5Billion by 2032.

The alcohol beverage industry suffered from initial set back due to pandemic as spread of virus resulted in delays in shipment, rise in packaging cost, and scarcity of containers. However, after the first wave subsidized and majority of the population around the globe was vaccinated the alcoholic beverage industry bounced back due to government support and incentives.

There has been a considerable increase in the number of brands and retailers offering wide varieties of alcoholic beverages, the only distinction they can emphasize on is product diversification. As a result, key players are focusing on developing niche products, specific to consumer requirements. This is expected to propel the demand for alcoholic beverages globally which in turn will impact sale of champagne.

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Pandemic affected in-store sales severely. To overcome distancing rules, companies developed their online portals and delivered champagnes and other alcoholic beverages at consumer doorsteps. Even as the situation bounces back, many distributors are predicted to change their business model by partnering with on-demand services that procure alcohol from stores and deliver it to customers.

There is increase in consumption of champagne in home premises. As people are spending much time indoors, they are expected to order premium quality champagnes from e-commerce sites. This is expected to reduce café and restaurant-based alcohol consumption. Brands are expected to focus on offering such services to multiply sales of champagne.

Surge in consumer spending capacity in regions such as North America, Europe, and Asia also has made it possible for customers to splurge on alcoholic beverages during celebrations. Consumption of low alcoholic champagne is witnessing high growth as consumers are shifting toward healthy drink options, which is expected to encourage sales of low-alcohol champagne during assessment period.

Key Takeaways from Market Study

  • The champagne market is expected to increase at CAGRs of 5.1% and 5.3% in North America and the Europe, respectively, through 2032.
  • Market share of Latin America and Oceania is 4.5% and 4%, respectively, in 2022.
  • The Europe champagne market is expected to reach US$ at 1.6 Bn
  • Growing customer preference for healthy and nourishing beverages to drive the sale of low alcohol champagne.
  • By price range, economically priced champagne holds the highest market share and is expected to increase at a CAGR of 6.0%.

 “Manufacturers of champagne will considerably gain from targeting the niche product and consumer segments in alcoholic beverages industry. Consumer preference for nourishing drinks is expected to impact the demand for low alcoholic beverages around the globe,” says a Future Market Insights (FMI) analyst.

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Competitive Landscape

Key manufacturers of champagne are majorly focusing on research & development to offer different varieties of alcoholic beverages. Permiumization is expected to contribute maximum revenue generation through sale of champagnes. As key players focus on offering different flavours according to customer preference to stand out in the competition.

Another trend that is prevalent in the champagne market is consumer preference for sustainable packaging. Consumers are more sensitive towards adverse impacts on environment that are choosing brands that follow sustainable practices throughout their supply chain. Brands that focus on these aspects are expected to benefit in long run.

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Future Market Insights, in its new report, offers an impartial analysis of the global reduced fat butter market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

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Champagne Market by Category

By Price Range, Champagne Market is Segmented as:

  • Economy
  • Mid-range
  • Luxury

By Sales Channel, Champagne Market is Segmented as:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region, Champagne Market is Segmented as:

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

Frequently Asked Questions

  • How much is the global champagne market worth?
  • What is the champagne market demand outlook lly?
  • At what rate did the demand for champagne grow in the last five years?
  • At what rate will champagne demand grow in Europe?
  • What are the key trends shaping the champagne demand?
  • At What Rate Will Champagne Market Demand Grow in North America?

About FMI

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

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Vegan Yogurt Market Report on Changing Dynamics, Key Components, Forecast by 2032

The global vegan yogurt market size is expected to reach a market valuation of US$ 2.2 Billion in 2022, with sales growing at a robust 8.9% CAGR over the forecast period.

Increasing incidence of lactose intolerance among consumers is resulting in lesser consumption of milk-based products. As a result, plant-based diet has grown in popularity among the consumers, with many people trying to replace dairy products with plant-based alternatives, including yogurt.

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This has led to high demand for vegan yogurts which contain live probiotics and cultures and provide the same digestive advantages as dairy-based yogurts.

Hemp milk yogurt and flax yogurt, for example, are high in fatty acids, natural omega-3, and fiber. Many other vegan yogurt variants are enriched with minerals and vitamins to improve their nutrient level. These products are as rich, creamy, and smooth as regular yoghurt, and they don’t require any flavor or texture adaptation.

Vegan yogurt manufacturers have been experimenting and developing different bases and distinctive flavors to promote these yogurts as mainstream products. Furthermore, milk obtained from grains, seeds, and nuts such as coconut, hazelnuts, macadamia, almond, pistachios, pili, and cashew are used to make vegan yoghurt. Flax, soy, and hemp seeds, as well as cereals like oats, are also used to make vegan yoghurt.

“Wide availability of vegan yogurt at online channels, along with growing popularity of veganism in emerging economies will continue driving the vegan yogurt market over the forecast period,” says the FMI analyst.

Key Takeaways:

  • By flavor, demand in the chocolate segment is expected to remain high over the forecast period.
  • Based on the product type, sales in the almond mil vegan yogurt segment are forecast to gain traction over the assessment period.
  • In terms of sales channel, the offline segment is expected to account for a dominant share of the market through 2032.
  • The North America vegan yogurt market is expected to grow at a 8.5% CAGR through 2032.
  • East Asia vegan yogurt market is expected to emerge as a lucrative pocket with sales growing at a high rate.

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Competitive Landscape

Leading players operating in the global vegan yogurt market are aiming to expand their presence in developing countries to gain a competitive edge. They are also investing in research and development to improve their product portfolios by adding innovative flavors. For instance:

  • Danone, a leading French yogurt company, acquired WhiteWave Foods, a Colorado-based company for its range of plant-based food and beverages manufacturing brands such as Alpro®, So Delicious®, Silk®, and Vega™.

Vegan Yogurt Market by Category

By Product Type:

  • Soy Milk Yogurt
  • Coconut Milk Yogurt
  • Almond Milk Yogurt
  • Rice Milk Yogurt

By Flavour:

  • Chocolate
  • Strawberry
  • Banana
  • Pineapple
  • Mango
  • Lemonade
  • Peach

By Sales Channel:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region:

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

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global vegan yogurt market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (soy milk yogurt, coconut milk yogurt, almond milk yogurt, and rice milk yogurt), flavor (chocolate, strawberry, banana, pineapple, mango, lemonade, and peach), sales channel (offline sales channel (supermarkets/hypermarkets, departmental stores, convenience store) and online sales channel (company website and e-commerce platform)), across seven major regions.

Frequently Asked Questions

  • What is the current valuation of the vegan yogurt market?
  • At what rate is the vegan yogurt market projected to grow over the forecast period?
  • How much is the vegan yogurt market expected to be worth in 2032?
  • Who are the top players operating in the vegan yogurt market?

About FMI

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

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Organic Tea Market Analysis by In-depth Insights on Key Growth Factors for Growth and Challenges by 2032

The global organic tea market is expected to reach market valuation of US$ 1.2 Billion by the year 2022, accelerating at a CAGR of 8.2% by 2022-2032.

Organic products are becoming common among consumers due to their changing lifestyles and the growing notion that organic products are healthier than conventional ones. Moreover, the growing trend of consuming naturally derived and pesticide-free products will help organic tea sales soar across the world.

Food safety has become a critical consideration for consumers thus organic food which are cultivated naturally without the use of chemical fertilizers, such as organic tea leaf, are regarded safer than conventional tea leaf. This is also helping the organic tea market gain traction.

Furthermore, the organic tea industry is predicted to expand as a result of the rising trend of organic and clean label nutritious beverages.

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Key Takeaways from Market Study

  • Based on product type, herbal organic tea is anticipated to account for over 50% of the market share over the forecast period.
  • The North America organic tea market is expected to register growth at 7.9% CAGR during the forecast period.
  • Europe is expected to account for 3/7th of the global organic tea consumption through 2032
  • Organic tea sold in tea bags is expected to hold a market share of over 40% in the forecast period
  • The supply chain for the organic tea market was severely affected by COVID-19, resulting in a slowdown in sales. However, with the recovery of the economy and rising demand for functional beverages, the market is anticipated to grow significantly.

“Consumers seeking authentic tea experience will result in high demand for specialty tea. This is expected to aid the organic tea market growth,” says a Future Market Insights analyst.

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Competitive Landscape

The global organic tea market is moderately consolidated with the leading players focusing on launching new and innovative teas while strategically partnering and acquiring established players in the business. In addition, they are also expanding their production capabilities to allow consolidation in the market:

  • In October 2019, a leading company selling organic tea, Choice Organic Teas was acquired by Yogi Tea as a strategic move to expand their organic tea business globally.
  • Celestial Seasonings launched TeaWell in October 2019, a product line that combines organic wellness tea with a potent blend of health benefits and exquisite tastes. The range includes a variety of flavours created using a mix of herbs and botanicals. The “Daily Wellness Core” in these products is a combination of four vital ingredients: elderberry, dandelion root, panax ginseng and green rooibos.

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Future Market Insights, in its new report, offers an impartial analysis of the global organic tea market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

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Organic Tea Market by Category By Product Type, Organic Tea Market is Segmented as:

  • True Tea
    • Black Tea
    • Green Tea
    • Oolong Tea
    • Pu-erh Tea
    • White Tea
  • Herbal Tea
    • Chamomile Herbal Tea
    • Peppermint Herbal Tea
    • Ginger Herbal Tea
    • Lemongrass Herbal Tea
    • Other Herbal Teas

By Form, Organic Tea Market is Segmented as:

  • Dried Leaf
  • Powder Leaf
  • Liquid

By Packaging, Organic Tea Market is Segmented as:

  • Cartons
  • Cans
  • Tea Bags
  • Paper Pouches
  • Other Packaging

By Sales Channel, Organic Tea Market is Segmented as:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region, Organic Tea Market is Segmented as:

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

About FMI

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

Contact Us:

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Pet Food Ingredients Market Research on Recent Improvements, Future Scope and Regional Forecast by 2032

The pet food ingredient market was valued at US$ 11.49 Billion in 2021 and is projected to grow at a CAGR of 5.4%, to reach a value of US$ 20.5 Billion by 2032. The market accounts for 6% of the overall pet care market which was valued at US$ 189 Bn in the year 2021.

This growth is attributed to the current trend observed among consumers, especially the younger generation on animal humanization and pet culture. This has resulted in consumers being willing to pay premium prices on nutritional food for their four-legged friends. This has subsequently helped in boosting the sales of pet food ingredients globally.

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Moreover, cultural changes have influenced the rise in pet ownership are becoming increasingly popular among customers particularly among millennials and generation Z to some extent as they intend to depend on these pets for emotional support. As a result, households with younger members have a larger inclination towards pet ownership, making them an attractive demographic for the pet food industry.

Increasing consumer awareness regarding organic pet food ingredients has grabbed the attention of manufacturers and hence there is a shift of focus from artificial to natural ingredients which have acted as one of the major forces impacting the global market.

Key Takeaways from Market Study

  • Under the segment by conventional nature the pet food ingredients market is anticipated to hold a market share of around 87.% in 2022
  • The market is also segmented based on ingredient type where protein-based pet food is anticipated to account for 19.7% of the overall ingredient type market in the year 2022.
  • In the European market, Germany is accounted for a significant share of 20.1% in 2022, which is also expected to witness a lucrative growth rate of 2.9% during the forecast period.
  • Growing consumer demand for nutritious and healthy food for their pets is driving sales of pet food ingredients across global markets.
  • By product type, dry pet food ingredients are anticipated to hold the highest market share of around 36.8% and wet food ingredients are inferred to hold a market share of 34.3% by 2032 end.
  • Post COVID-19 the factories are now operational at full-scale and there are no logistic constraints at the same time. Moreover, import and export from the European market to the globe is anticipated to increase in the next few years

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“Manufacturers in pet food ingredients market are currently focusing on organic market strategies such as new product innovations and launches to attract new customers and subsequently earn higher revenues globally” says a Future Market Insights analyst.

Competitive Landscape

Top players in the pet food ingredients are majorly investing in the research & development of nutritious pet food ingredients along with enhancing the quality of their products. These manufacturers are constantly updating their product lines with new launches keeping in mind the requirements of a healthy diet for an animal.

  • Chr. Hansen launched its science-based probiotics for the pet segment. It introduced a  new portfolio of stable live probiotics for use in  pet supplements and pet foods, enhancing every pet’s life stage with good bacteria
  • Cargill launched The Chompery™, a new line of butcher-quality dog treats which are sourced in the US

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global pet food ingredient market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

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Segmentation Analysis Of Global Pet Food Ingredients Market

By Ingredient Type :

  • Starches
    • Maize/Corn
    • Tapioca
    • Potato
    • Wheat
    • Rice
    • Whole Grains
    • Fruits and Vegetables
    • Seeds and Legumes
  • Dietary Fibre
    • Wheat
    • Rice
    • Bran
    • Potato
    • Legumes
    • Oats
    • Inulin
    • Nuts and Chicory root
  • Fruit Ingredients
    • Apple
    • Cranberry
    • Blueberry
    • Other Fruit Ingredients
  • Protein
  • Sugar
  • Fructo-Oligosaccharides
  • Mannan-oligosaccharide
  • Sorbitol
  • Propylene Glycol
  • Glycerol

By Animal Type :

  • Dogs
  • Cats

By Nature :

  • Organic Pet Food Ingredients
  • Conventional Pet Food Ingredients

By Product Type :

  • Wet Food
  • Dry Food
  • Treats and Chews
  • Other Product Types (Frozen Food, Raw Food, etc.)

By Region :

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

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Carbide Tools Market is Projected to Surpass US$ 15 Billion from 2023 to 2033: Analysis of Growth Drivers and Opportunities

According to FMI’s estimate, the worldwide carbide tools market will grow at a 7.1% CAGR during the forecast period. The industry’s value is expected to rise from US$ 7.6 billion in 2023 to US$ 15 billion by the end of 2033.

The widespread use of carbide tools in the manufacturing industry, owing to their efficiency, high durability, and increased toughness over steel, is driving market expansion. In developed economies, rapid urbanisation and industrialization are driving up demand for these technologies. Furthermore, carbide tool manufacturers are focusing their efforts on the development and introduction of novel and more advanced carbide products into their product catalogue.

The market is further projected to expand on account of rising residential and commercial construction activities, backed by investments in public infrastructure. For instance, in May 2022, Spain’s government decided to invest US$ 448 million to develop Xerta Senia Canal.

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The project was initiated in Q1 2022 and is expected to be completed by Q4 2024. As a result, the demand for drill bits is accelerating. Furthermore, the robust infrastructural development in emerging economies, such as India, China, and Brazil, among others, is projected to boost the application of carbide tools.

Key Takeaways from the Carbide Tools Market: 

  • China is projected to lead the carbide tools market over the next decade. The China market is estimated to account for US$ 3.6 billion by 2033, expanding at a CAGR of 8.7% till 2033.
  • India is anticipated to be a significant market for carbide tools in terms of CAGR. From 2023 to 2033, India is projected to observe a 9.6% CAGR, driven by the rising manufacturers of construction and automotive machinery. By 2033, the market is assessed to account for US$ 642.1 million.
  • The United States, the second leading market, is predicted to stand at US$ 2 billion by 2033. The market is projected to register a 6.9% CAGR, catalyzed by the surging product launches to refine the supply chain of these products.
  • The United Kingdom market estimation for 2033 is US$ 557.6 million. The regional market is projected to expand at 7.2% CAGR, driven by the high geographical presence of key manufacturers in the region.

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News Featuring Market Developments by Key Players of Carbide Tools:

  • In October 2022, KYOCERA Corporation launched a new high-functioning Flat Drill KDZ in the new solid drill product offering. This new tool supports multiple machining-like counter boring. The excellent coating of MEGACOAT NANO EX helps attain chipping and wear resistance at an intense level, thereby supporting high-precision drilling applications.
  • In July 2022, Sandvik AB announced that it had acquired the United States-based Peterson Tool Company, Inc., which is a custom tooling manufacturer. With this acquisition, the product offering of the company would extend to custom carbide form inserts for applications related to grooving and production turning. The company would be located in the GWS Tool business unit in Walter, which comes under the business area of Sandvik Manufacturing and Machining Solutions.
  • In April 2020, LMT Tools India Pvt. Ltd. unveiled their inventive RMC cutter series. The product range has been developed mainly for the company’s 5-axis CNC machines and provided lowered operational costs and enhanced productivity.

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Carbide Tools Market by Category

Tool Type:

  • Burrs
  • Countersinks
  • Cutters
  • Drills
  • Engraving Blanks
  • Mills
  • Non-tipped Reamers
  • Routers
  • Tipped Bores
  • Tipped Centres
  • Tipped Reamers

Configuration:

  • Hand based
  • Machine-based

Fabrication:

  • Coated
  • Non coated

End Use:

  • Construction
  • Furniture & Carpentry
  • Heavy Machinery
  • Metal Fabrication
  • Oil & Gas
  • Other Manufacturing
  • Transportation

Region:

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

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Dry Vacuum Pumps Market is Projected to Exhibit a Strong 6.1% CAGR from 2022 to 2029, Says FMI

The global dry vacuum pump market is expected to grow from US$ 2.25 billion in 2022 to US$ 3.22 billion by 2028. Dry vacuum pumps are most commonly found in end-use sectors like electronics and semiconductors, as well as pharmaceutical and chemical industries. In the aftermath of global warming and the ongoing need to safeguard the environment, there is a constant push for renewable energy production all over the world.

Because electronics and semiconductor products are widely used, the industry is implementing dry vacuum pumps for related tasks such as coating and drying. The dry vacuum pump market is expected to reach US$ 3,070.1 million by the end of 2028, rising at a CAGR of 6.2% from its estimated value of US$ 1,680.8 million at the end of 2018.

The FMI study on the dry vacuum pumps market includes an extensive executive summary that provides a peek of the market’s undercurrents. It provides concise information about the market’s drivers, trends, challenges, competition, and regional analysis. Renewable energy is produced in regions such as North America, Europe, and Asia Pacific using alternative energy sources such as solar energy.

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The governments of several countries across the world are encouraging private players to create sustainable, green power through solar and other forms of renewable energy and are also offering tax and other incentives to promote the generation of solar power. This has led to a sudden increase in the number of solar plants and projects globally, thereby driving the production of solar panels. This is set to fuel the demand for dry vacuum pumps, according to a recent market intelligence outlook published by Future Market Insights (FMI).

Steady and Growing Demand from the Electronics and Semiconductor Sectors to Augur Well for the Dry Vacuum Pumps Market

Growing infrastructural activities across the globe are directly favouring the demand for pumps. The electronics and semiconductor industries have witnessed rapid revenue growth over the last few years, with an increasing focus on the manufacturing of semiconductor and electronic components and equipment.

This has led to an increase in demand for dry vacuum pumps from these industries, especially in the production of microelectronics and chips. Manufacturers of semiconductor and electronic components such as Panasonic, Samsung, Meiko Electronics, Saigon Semiconductor Technology, and Taiwan Semiconductor Manufacturing Co. are setting up production plants in developing regions to benefit from cost competitiveness.

Local governments across several developing countries such as Brazil, India, and ASEAN countries are focused on increasing foreign direct investments in the manufacturing sector. This is expected to boost sales of dry vacuum pumps in the coming years.

Opportunity Assessment of the Dry Vacuum Pumps Market

Future Market Insights has conducted an extensive opportunity assessment of the global dry vacuum pumps market for the 10 years 2018 to 2028. One of the key opportunity areas in the global market for dry vacuum pumps lies in the strategic investments being made globally across the pharmaceutical industry.

Demand for dry vacuum pumps is steadily increasing from the pharmaceutical industry in developing countries such as Indonesia, India, Brazil, and China. Further, there is a lack of local manufacturers of dry vacuum pumps in developing economies, with the top manufacturers based in Japan, the U.S, Germany, and certain other European countries.

This scenario presents lucrative growth opportunities for global manufacturers of dry vacuum pumps to establish production facilities in developing economies. Setting up bases in developing regions will help manufacturers benefit from better economies of scale, given the low production and labour costs in developing countries.

Low-cost Chinese Products and Lack of Skilled Labour in Developing Regions to Restrict Revenue Growth of the Global Dry Vacuum Pumps Market

The global market for dry vacuum pumps is disrupted by several players from China who offer products at very low prices. Owing to the increasing price pressure from these companies, leading global players are striving to offer high-quality dry vacuum pumps that are more reliable and efficient at highly competitive prices.

This price-sensitive nature of the global market is expected to restrain revenue growth in the coming years. The dry vacuum pumps markets in the Latin America and SEA regions suffer from a very high dependency on imports from other regional markets, owing to a lack of talented and experienced local vacuum technology professionals. This is leading to a stagnancy in revenue growth of the global dry vacuum pumps market to a certain extent.

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Market Key Players

Some of the prominent players reported in this study of the global dry vacuum pumps market include EBARA CORPORATION, Pfeiffer Vacuum GmbH, Atlas Copco AB, Gardner Denver, Inc., ULVAC, Agilent Technologies, Becker, BUSCH and VACUUBRAND GMBH + CO KG, among others.

Table of Content
1. Executive Summary

  1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definitions

3. Market Viewpoint

3.1. Porter’s five force analysis

3.2. Macro factors

3.3. Forecast Factors

3.4. Global Market: Value Chain

To Continue TOC…

 

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 6-years.

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Hydraulic Gear Pumps Market: Examination of Growth Factors, Challenges & Emerging Trends by 2030

With the growth of the construction industry, continuous automotive sales, and adoption by mining industry operators, the hydraulic gear pump market continues to expand rapidly. According to a new Future Market Insights (FMI) analysis, the global hydraulic gear pumps market will reach a valuation of US$ 2.54 billion by the end of the forecast period 2022 to 2030.

An increasing emphasis on upgrading existing pump models to improve their energy efficiency quotient will be a significant development in the hydraulic gear pump industry. According to the FMI analysis, high manufacturing costs have long been a barrier to the rapid growth of the hydraulic gear pump business.

However, due to COVID-19 crisis, several production facilities are shuttered and workforce shortages prevail. This scenario is further complicated by undersupply of raw materials and supply chain disruptions. Moreover, direct impact of the halted progress of all end-use industries is negatively impacting the growth of hydraulic gear pumps market.

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List of Key Players Covered in Hydraulic Gear Pumps Market are:

  • Eaton Corporation Plc
  • PARKER HANNIFIN CORP
  • Bucher Hydraulics Gmbh
  • KYB Corporation
  • CASAPPA S.p.A.
  • Bosch Rexroth AG
  • Dynamatic Technologies Ltd.
  • Linde Hydraulics GmbH & Co. KG
  • Roper Pump Company
  • Kawasaki Heavy Industries, Ltd.
  • Concentric AB.
  • Viking Pump Inc.

Material handling equipment plays a vital role in lean supply chain management and it is gaining traction owing to the evolving outlook of transportation and logistics across the globe. Manufacturers of hydraulic gear pumps thus need to align their product offerings with the changing material handling equipment requisites.

Key Takeaways of Hydraulic Gear Pumps Study

  1. External gear pumps will be the top selling category through 2030
  2. Sales remain concentrated in East Asia and Europe
  3. A third of total sales will be accounted by hydraulic gear pumps with an operating pressure of 150 – 250 towards the end of 2030
  4. End users are inclined towards specialist distributors that provide engineering expertise, aftersales services, and end-to-end solutions to meet specific demands of customers

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Increasing Adoption in Agriculture and Forestry Equipment

Agriculture sector is also a significant end user shaping up the market for hydraulic gear pumps. The demand is expected to increase for the agricultural applications. A majority of manufacturers in the global hydraulic gear pumps market are following the trends of manufacturing and providing hydraulic gear pumps specifically for agricultural and farming equipment.

Competitive Landscape Analysis

The hydraulic gear pumps market represents a fairly fragmented market structure, owing to the presence of a large number of hydraulic gear pump suppliers across the globe. Eaton Corporation, Parker-Hannifin Corporation, and Bucher Hydraulics GmbH remain some of the market leaders, operating with medium to high level global presence. Top 10 market participants in the hydraulic gear pumps landscape currently account for more than 30% revenue share and prefer to concentrate on strategic collaboration agreements with regional leaders in distribution space. New regional distributorships will enable them to gain a competitive advantage while introducing new offerings to newer regional markets.

Know More About the Report Coverage

The research report analyzes the total sales of Hydraulic Gear Pumps on the basis of volume (Th. units) and value (US$ Mn). The market is projected on the basis of factors such as Rising Construction Spending, Growth in Material Handling Equipment Industry, Increasing Automotive Production and Fleet Scenario, Swelling Demand for Oil & Gas, Consumption of Chemicals, COVID-19 Crisis Impact and Automation in Agricultural Activities. The scope of the research report includes the sales of Hydraulic Gear Pumps used in Construction Equipment, Mining Equipment, Automotive, Material Handling Equipment, Off Highway Vehicles, Processing Industry and Other Industrial Machinery and Equipment. As per our research scope, we have considered the External Gear Pumps and Internal Gear Pumps.

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Key Market Trends

3.1. Key Trends/Developments

  1. Key Success Factors
  2. Global Hydraulic Gear Pumps Demand Analysis 2015-2021 and Forecast, 2022-2030 Historical Market Volume (Th. Units) Analysis, 2015-2021

5.1. Current and Future Market Volume (Th. Units) Projections, 2022-2030

5.2. Y-o-Y Growth Trend Analysis

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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Vibrating Screen Market is Projected to Exhibit a Strong 7.6% CAGR from 2022 to 2029, Says Future Market Insights, Inc.

The global vibrating screen market is expected to reach US$ 1.37 billion in 2022. The market is expected to reach US$ 2.3 billion by 2029, growing at a strong 7.6% CAGR.

Future Market Insights (FMI) analyses the vibrating screen market in its latest report, which includes worldwide industry analysis 2014-2018 and opportunity assessment 2022 to 2029. The study studies the vibrating screen market and gives crucial insights for the 2019 to 2029 forecast period. According to the report, the global vibrating screen market was valued at US$ 1 billion in 2018 and is expected to grow at a CAGR of 7% between 2022 and 2029.

According to FMI, the source of the global vibrating screen market’s pain spots is an increase in mining processes to meet the need for precious metals and hard rock minerals, as well as in construction activities to create infrastructural assets. On the contrary, tumbling mining operations due to environmental changes to reduce carbon footprint and a high attrition rate among miners due to on-site enemies would stymie growth.

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Vibrating screens have been hitting the mark with innovations over the years as sieving equipment in grading and screening of the required material, which would have been otherwise impossible. FMI’s study suggests that major market players are including add-ons to the existing and new equipment for better screening efficacy and elongated life-cycle.

Demand for Circular Vibrating Screens in Mining Industry to See an Upturn

Circular vibrating screens are inundating more than half of the market revenues, as per FMI’s study. The mining industry, including coal mines, and quarrying sites, is leveraging circular vibrating screens owing to their ability to classify materials with large specific gravity, large particles and great rigidity. The exciter of circular vibrating screens is mounted above the center of gravity of the screen box and the upper tip of elliptical long axis of the feeding end is positioned towards the leakage direction, which results in higher processing capacity per unit time than that of its linear counterpart.

On the flip side, the complexity of shakers and fast-rate rotation of the two shafts in linear vibrating screens imply high fueling demands. Further, the FMI’s study finds that linear vibrating screens are chiefly utilized for classification of fine particles, light weight, and low stiffness materials, making them suitable for industries such as, building materials, chemical, and pharmaceutical.

Manufacturers showing Stauncher Inclination toward Direct Drive System

As per the FMI’ report, adoption of direct drive system in vibrating screen accounts for more than 50% of the market revenues owing to the absence of gearboxes and belts in the design, which results in lesser wear and tear between the components. The direct drive system is cost-efficient as the moving parts in the operation and framework are less complicated. For noise abatement, the direct drive system comes up with simple arrangement and lesser moving components which may vibrate during mechanism.

Furthermore, the reduced number of kinetic parts prevent easy loss of energy due to friction, enabling better efficacy, improved accuracy and increased life-cycle of the vibrating screen components. The indirect drive system, on the other hand, is subjected to friction between constituents including, gears, couplers, and pulleys, implying decreased efficiency and precision.

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Vibrating Screen Market by Category

Product Type:

  • Linear Vibrating Screens
  • Circular Vibrating Screens
  • Elliptical Vibrating Screens

Drive Type:

  • Direct Drive
  • Indirect Drive

End-use Industry:

  • Construction
  • Mining
  • Recycling
  • Others (Iron & Steel, Power, etc.)

Region:

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

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

Contact:

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