Vegan Fish Sauce to Witness a Constant Growth through 2033 | FMI

In the present year 2023, the global vegan fish sauce market size is valued at US$ 598.6 Mn as per the survey conducted by the FMI. Further, the market is expected to register a CAGR of % between 2023 and 2033 as per the market analysis by experts. Ultimately the total sales of vegan fish sauce in the international market are projected to reach US$ 146.5 Mn by 2033.

Nowadays, animal slaughter and its negative impact on the environment are getting more broadly acknowledged by citizens of all major economies. So adoption of any type of meat replacement as well as alternative condiments is projected to drive the sales of vegan fish sauce in the contemporary market.

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Furthermore, greater acceptance of vegan goods among millennial has also aided in market expansion. To entice prospective customers and deliver unique experiences to their consumers, many kinds and variations of vegan fish sauce are released by the market competitors recently.

Key Takeaways from the Vegan Fish Sauce Market Study

  • Through the sales of vegan fish sauce throughout the preceding year 2022, the United States market generated revenue to be worth roughly US$ 17.8 Mn. According to the market study report, the US market accounts for about 28.5% of total vegan fish sauce sales worldwide.
  • Germany is the next most important market for vegan fish sauce, accounting for almost 16.5% of total sales. It is also the main market inside the European Union for vegan fish sauce substitutes, with an annual revenue of 10.3 Mn in 2022.
  • In contrast, the Uk is the fastest developing nation when it comes to embracing the vegan version of fish sauce, with a 9.9% annual growth rate through 2033. This remarkable growth rate is expected to increase the UK’s vegan fish sauce market share from US$ 5.7 Mn in 2023 to US$ 16 Mn by 2033.
  • Japan seems to be the primary marketplace in the Asia Pacific region for the cultivation and distribution of a variety of plant-based protein food items. According to the market survey data for 2022, the overall sales of vegan fish sauce in Japan reached a staggering 3.2 Mn.
  • Surprisingly, India is the better-performing country in terms of the increasing popularity of all forms of plant-based protein alternatives. According to the market analysis, the Indian market for fish sauce vegan alternatives is expected to develop at a CAGR of 8.9% through 2033.

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  • Lately, Australia has become well-known among international market participants for incorporating a variety of plant-based protein alternatives into their daily diets. It earned total earnings of US$ 1.7 Mn in 2022, accounting for around 2.8% of the said global market.
  • Depending on the many technologies for the production of vegan fish sauce utilized by suppliers today, the traditional method is the dominant sector, accounting for over 45.6% of the total production.

Competitive Landscape for the Vegan Fish Sauce Market Players

Follow Your Heart, Primal Kitchens, Sir Kingstons, The Vegan Mayo Co., Danone S.A, The Archer Daniels Midland Company, Daiya Foods Inc., Ripple Foods Inc, Vegenaise., Impossible Foods Inc., Eat Just, Inc., Beyond Meat, Inc., Amy’s Kitchen, Tofutti Brands Inc., and Earth’s Own Food Company Inc. are some of the major players in the global vegan fish sauce market.

Although there is tremendous leeway in the vegan fish sauce market for plant-based protein and condiment producers, many lack the essential manufacturing capacity to capitalize on this market potential. For instance, Target, which is a US retail giant, confirmed the establishment of its new subsidiary called ‘Good & Gather Plant-Based’ in May 2021. Under this brand, the business intends to introduce 30 new plant-based protein food products and condiments.

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Key Segments

By Source:

  • Soy
  • Almond
  • Wheat
  • Others

By Distribution Channel:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Platforms
  • Others

By End User:

  • Packaged Food Industries
  • Hotels and Restaurants
  • Retail Food Shops
  • Domestic Consumers
  • Others

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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Horse Corral Panels Market is Anticipated to Increase from US$ 283 Million in 2023 to US$ 488 Million by 2033

The horse corral panels market is predicted to be worth US$ 283 million in 2023, and rise to US$ 488 million by 2033. Demand is expected to increase at a CAGR of 5.6% over the course of the projected period.

More need for horse safety, more opportunities to ride horses, and increased interest in recreational activities are driving the market for horse corral panels. Horse corral panels have grown in favor among owners and trainers due to their ability to safely confine and separate horses from one another.

The market has benefited from the advent of several new materials, including plastic and aluminum, which have increased the panels’ robustness and affordability. The key growth factors of horse corral panels include the expansion of the commercial sector and a strong demand for long-lasting fence options.

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Horse corral panels are in high demand in the commercial sector due to their many applications as fencing, containment, and training tools. Due to the rise in horse ownership and the acceptance of equine sports, horse corral panels are becoming more widely used in the commercial sector. The introduction of innovative materials and designs is expected to further fuel the market share.

Key Takeaways

  • In 2022, the US rules the horse corral panels market, with a share of 28.8%.
  • The market for horse corral panels increased at a 5% CAGR between 2016 and 2022, citing FMI’s study.
  • The expansion in China is anticipated to expand at an adequate CAGR of 4.5% by 2033. China’s market is likely to generate a share of US$ 42.8 million by 2033.
  • Japan’s market share for horse corral panels is 4.8% in 2022 due to the growing poultry sector.
  • Between 2023 and 2033, the horse corral panels market is likely to increase in India at 6.6% CAGR, respectively.
  • The expansion in the UK is anticipated to expand at an adequate CAGR of 6% by 2033. The UK’s market is expected to generate a share of US$ 44.6 million by 2033.
  • Germany’s market share for horse corral panels is 15.7%, with the worth of US$ 42.8 million in 2022.
  • According to the American Veterinary Medical Association, there were 64% fewer horse-related injuries and fatalities between 2009 and 2018.
  • While there were 63 percent fewer non-fatal incidents involving horses, there were 67 percent fewer fatal accidents involving horses.

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Key Strategies by Horse Corral Panels Manufacturers

Companies competing for customers in the industry are offering cutting-edge products, such as panels with greater strength and durability, customized designs, and contemporary materials. Businesses are also significantly increasing their investments in R&D to keep ahead of the competition.

Recent Developments:

  • HorseGuard offers a range of horse corral panels and accessories. Their panels have a surface that won’t corrode and a sturdy galvanized steel frame. With the range of included accessories, one may customize the corral to suit their needs by adding gates, panels, and feeders.
  • A line of galvanized steel horse corral panels has just been revealed by Behlen, a renowned manufacturer of steel building products.
  • Gallagher is the top manufacturer of horse corral panels. From lightweight, portable panels to strong, long-lasting fencing solutions, they provide it all. They offer a wide variety of sizes and styles to meet the needs of any horse owner.

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Key segments

By Size:

  • Width
    • 5-10 Ft
    • 11-15 Ft
    • 16-20 Ft
  • Height
    • 40-50 Inch
    • Above 50 inch

By Number of Panels:

  • 2
  • 3
  • 4
  • 5
  • 6
  • More Than 6

By Material:

  • Metal
  • Steel
  • Iron

By Region:

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

Frequently Asked Questions

  • How Much is the Horse Corral Panels Market Worth?
  • What is the Demand Outlook for the Horse Corral Panels Market?
  • What is the Historical Horse Corral Panels Market Share?
  • What is the North America Horse Corral Panels Market Outlook?
  • Which is the UK Horse Corral Panels Market Outlook?

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Molasses Market is Predicted to Reach a Valuation of US$ 23512.86 Million by 2033 | FMI

By 2033, molasses market share is expected to increase from US$ 11952.75 million to US$ 23512.86 million. This is anticipated to increase molasses’ market share and result in a CAGR of 7.0% between 2023 and 2033.

Molasses, a thick syrup by-product of sugarcane or sugar beet juice extraction, is gaining popularity in various food and beverage applications. The increasing demand for natural sweeteners and the rising health consciousness among consumers are the primary drivers for the growth of the molasses market.

Molasses has several health benefits that make it an attractive alternative to other sweeteners. It is rich in vitamins, minerals, and antioxidants, including iron, calcium, magnesium, and vitamins B6 and B12. It is also a good source of energy and has a low glycemic index, making it a suitable sweetener for diabetics.

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The food and beverage industry is the largest end-user of molasses, with applications in the production of baked goods, sauces, condiments, and confectionery. The increasing demand for natural sweeteners and the desire to avoid high fructose corn syrup and artificial sweeteners are driving the demand for molasses in the food and beverage industry.

The use of molasses in animal feed and pet food is also increasing. Molasses is a valuable source of energy and nutrients for livestock and pets, and is also used to improve the palatability of feed. The growing demand for animal feed and pet food is expected to drive the growth of the molasses market in the animal feed and pet food industries.

In addition, molasses is also used as a raw material in the production of biofuels. The increasing demand for biofuels and the need for renewable energy sources are driving the demand for molasses in the biofuel industry. The use of molasses in the production of ethanol and other biofuels is expected to increase in the coming years, driving the growth of the molasses market.

Geographically, the molasses market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Asia Pacific is the largest market for molasses, with a significant presence of sugarcane and sugar beet producers in countries such as India, China, and Australia. The increasing demand for natural sweeteners and the growing food and beverage industry in the region are driving the growth of the molasses market in Asia Pacific.

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In North America, the United States is the largest market for molasses, driven by the increasing demand for natural sweeteners and the growth of the food and beverage industry. Europe is also a significant market for molasses, with a large presence of sugar beet producers in countries such as France and Germany. The increasing demand for natural sweeteners and the growth of the food and beverage industry in the region are driving the growth of the molasses market in Europe.

In South America, countries such as Brazil and Argentina are major producers of molasses, driven by the large sugarcane industry in the region. The increasing demand for natural sweeteners and the growth of the food and beverage industry in the region are driving the growth of the molasses market in South America.

Molasses Market Segmentation by Category

By Source:

  • Sugarcane
  • Sugar beet

By Type:

  • Regular Molasses
  • Blackstrap Molasses

By Nature:

  • Organic
  • Conventional By End Use:
  • Industrial o Food and Beverages o   Biofuel

o    Animal Feed

  • Commercial
  • Household

By Sales Channel:

  • Direct Sales
  • Indirect Sales
  • Modern Trade
  • Convenience Stores
  • Online Stores By Region:
  • North America
  • Latin America
  • Europe
  • The Middle East and Africa
  • East Asia

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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Cattle Feeder Market is Estimated to Rise from US$ 2,980 Million in 2023 to US$ 4,204 Million by 2033

It is estimated that the cattle feeder market is likely to be valued at US$ 2,980 million in 2023, and likely to reach US$ 4,240 million by 2033. During the forecast period, the demand is anticipated to expand at a CAGR of 3.5%.

The increased consumption of meat protein and the increased emphasis on the quality of the components used in animal feed are two factors that are associated with the demand for these innovations. The industrialization of cattle products, such as meat and dairy products, as well as the growing population, both aided the adoption of cattle feeder.

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The primary drivers of market expansion for cattle feeder are revenue creation from the beef industry, technical advancements, and government initiatives to improve livestock farming.

Increased demand for meat and other animal-based products, easy accessibility, and growing concern for animal health & welfare all contribute to the sales of cattle feeder.

The rise in demand for feed additives presents cattle feeder manufacturers with an opportunity to provide a variety of equipment and cutting-edge technology.

Due to the rise of feed-based industries in the Asia-Pacific region, the market is anticipated to increase during the anticipated period. Numerous operators in the North American cattle feeder industry must manage changing input and output expenses.

New market entrants in the cattle feeder industry still have incredible prospects, even if the majority of prices, such as feed and loan rates, are determined by the major competitors.

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Key Takeaways

  • In 2022, the US rules the cattle feeder market, with a share of 26.8%.
  • The market for cattle feeder increased at a 3.1% CAGR between 2016 and 2022, citing FMI’s study.
  • The expansion in China is anticipated to expand at an adequate CAGR of 2.8% by 2033. China’s market is likely to generate a share of US$ 340.9 million by 2033.
  • Japan’s market share for cattle feeder is 3.9% in 2022 due to changing dietary habits.
  • Between 2023 and 2033, the cattle feeder market is likely to increase in India at 4.1% CAGR, respectively.
  • The expansion in the UK is anticipated to expand at an adequate CAGR of 3.8% by 2033. The UK’s market is expected to generate a share of US$ 369.5 million by 2033.
  • Germany’s market share for cattle feeder is 18.4%, with the worth of US$ 531.2 million in 2022.

Key Manufacturers of Cattle Feeder

Innovations in feeder systems and new product development are significant market drivers. Cattle feeder companies are investing in R&D to develop cutting-edge solutions that boost output while cutting expenses.

Automation and system integration are still essential elements in reducing costs and increasing cattle feeder output. Due to the problem with the market, the development of feeders might be hampered by less priced alternatives.

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Recent Developments:

  • The Aller Aqua Group unveiled POWERRAS in May 2019, which satisfies the demands for perfect water quality and great feed efficiency.
  • In May 2019, FURRY TAIL, a participant in the MiOT Ecosystem, unveiled the Smart Pet Feeder. The automatic animal feeder system is connected to an application (app), which permits automatic feeding of the animals.

Key segments

By Type:

  • Manual
  • Autonomous

By Animal Type:

  • Mature Ruminants
  • Young Ruminants

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • 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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Sheep Shearing Equipment Market is Estimated to be Valued at US$ 1,069 Million by 2033

The global sheep shearing equipment market was valued at US$ 755.8 Million in 2022. The market is expected to develop from US$ 780 Million in 2023 to US$ 1,069 Million by 2033, registering a CAGR of 3.2% over the forecast period.

Shearing machinery is used on farms to cut or remove wool from sheep’s bodies. The exceptional qualities of this equipment have increased demand. The need for sheep shearing equipment is growing since regular shearing is necessary to keep animals clean. Sheep have a range of problems if they go for a long time without being sheared.

An increasing population and greater urbanization are two factors contributing to the expansion of the wool industry. As a result, sheep shearing equipment adoption has grown. Knitting technology advancements throughout the years have had a significant impact on the wool industry.

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One of the major reasons propelling the market for sheep shearing equipment is the rising textile industry. The robust growth of the textile sector is driving up the need for sheep shearing equipment. The increased demand for fine and premium wool in the textile sector is predicted to favor the advancement of the global market for sheep shearing equipment.

The substantial development of the animal farming industry is another factor boosting the market’s potential. The market is therefore being driven ahead by the rapid rate of technology and the rising need for the mechanization of sheep shearing processes.

The goal of manufacturers is to reduce the present price of equipment, thus they continue to give great emphasis to R&D projects and improvements in shearing equipment production. To increase sales of sheep shearing equipment, manufacturers are focusing on expanding their product line as well.

The market for sheep shearing equipment is predicted to be dominated by North America. The North American market is anticipated to be opened up by powerful market players operating in the region.

KEY TAKEAWAYS

  • The market for sheep shearing equipment in the United Kingdom is anticipated to grow at a CAGR of 3.4% through 2033.
  • The US dominated the sheep shearing equipment market in 2022 holding a 30.5% share of the global market.
  • With a CAGR of 3.8% over the forecast period, India is predicted to grow rapidly in the market for sheep shearing equipment by 2033.
  • The sheep shearing equipment market in China is expected to grow at a CAGR of 2.6% over the forecast period.
  • Germany accounted for 16.1% of the global sheep shearing equipment market in 2022.

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COMPETITIVE LANDSCAPE

The top manufacturers of the sheep shearing equipment market are Horner Shearing, Welsh Shearing Equipment, Lister Shearing Equipment Limited, NATIONAL MEDITEK, Albert Kerbl GmbH, Heiniger, Tulsan, Sheep Shears Pro, BIHOO, Pet & Livestock HQ and others.

These companies have used a variety of tactics to strengthen their position in the worldwide sheep shearing equipment market. They have used both organic and inorganic development techniques, such as the launch of new goods, purchases, corporate expansions, and partnerships, to increase their clientele and revenue.

RECENT DEVELOPMENT

In November 2020, Aesculap Suhl GmbH is replaced by Albert Kerbl GmbH in the clipping machine industry. The business of “clippers and hair-cutting machines for small and big animals” will be transferred from Aesculap Suhl GmbH to Aesculap Schermaschinen GmbH, a recently established division of Albert Kerbl GmbH.

Sheep Shearing Eqyuipment Market Segmentation

By Product Type:

  • Electric
  • Hand Sheep Shears

By Material:

  • Aluminum
  • Metal
  • Plastic
  • Stainless Steel

By Region:

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

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Frequently Asked Questions

  • What is the Size of the Global Sheep Shearing Equipment Market in 2023?
  • What is the Expected Growth Rate of the Global Sheep Shearing Equipment Market?
  • What is the Projected Size of the Global Sheep Shearing Equipment Market in 2033?
  • Which is the Leading Region in the Global Sheep Shearing Equipment Market?
  • Which Region is Witnessing the Fastest Growth in the Sheep Shearing Equipment Market?

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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 10-years.

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Home Brew Boiler Market Will Pass US$ 1,668.7 Million by 2033 |FMI

According to Future Market Insights, the global home brew boiler market size is expected to be valued at US$ 986.2 Million in 2023. Furthermore, overall home brew boiler sales are slated to rise at 5.4% CAGR between 2023 and 2033, totalling a market valuation of US$ 1,668.7 Million by 2033.

Growing popularity of home brewing globally coupled with increasing consumption of beer due to its numerous health benefits is a key factor driving demand for home brew boilers in the market.

Home brewing is a process of making beer, wine, or other alcoholic drinks at home. For this process, several home beer brewing machines are employed and one such equipment is home brew boiler.

Home brew boilers are essential equipment that provides the heat necessary to produce beer and other alcoholic beverages at home. They make home brewing process quick and efficient, thereby allowing users to improve overall productivity. Besides this, they help with sterilization and sanitation as well.

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Home brew boilers are being increasingly used to make small or large batches of beer across households. However, they can also be used for other purposes such as brewing tea or coffee.

Rising popularity of home beer brewing and increasing demand for craft and draught beer worldwide are expected to boost the global home brew boiler market during the forecast period.

Home brewers are increasingly looking for ways to improve the quality of their products. This has led to a demand for better quality home brew boilers. As a result, leading home brew boiler manufacturers are continuously innovating to introduce new home brewing equipment. This will aid in the expansion of the global home brew boiler market during the forecast period.

Key Takeaways:

  • By technology, electric home brew boiler system segment dominates the global market.
  • Based on capacity, the 1 gallon kit segment holds the largest share of the worldwide home brew boiler industry.
  • Germany currently holds around 23.8% share in the global market for home brew boilers.
  • The U.S. accounts for 34.6% market share of the global home brew boiler market.
  • The U.K. home brew boiler market is expected to grow at a CAGR of 6.5% during the forecast period.
  • Home brew boiler demand in China is expected to increase at 6.2% CAGR between 2023 and 2033. China
  • India’s home brew boiler market is likely to grow at 5.9% CAGR between 2023 and 2033.

“Rising popularity of home brewing across the world is a major force behind the expansion of the global home brew boiler industry and the trend is likely to continue during the forecast period,” says a lead FMI analyst.

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Who is Winning?

Leading home brew boilers manufacturers are Bosch, Box Brew Kits, Craft a Brew, Northern Brewers, and Shandong Zunhuang Brewing Equipment Co. Ltd. New product launches with enhanced features, establishment of new facilities, partnerships, and acquisitions are some of the few strategies employed by market participants to gain a competitive edge in the global home brew boiler market.

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Future Market Insights, in its new offering, provides an unbiased analysis of Home Brew Boiler presenting historical demand data (2018-2022) and forecast statistics for the period from 2023-2033.

The study provides valuable insight on the Home Brew Boiler market based on technology (electric system and gas fired system), application (wine, beer, and others), capacity (1 gallon kit, 1-10 gallon kit, and above 10 gallon kit).

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Home Brew Boiler Industry by Category

By Technology:

  • Electric System
  • Gas Fired System

By Application:

  • Wine
  • Beer
  • Others
    • Cider
    • Kombucha

By Capacity:

  • 1 Gallon Kit
  • 1-10 Gallon Kit
  • Above 10 Gallon Kit

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Oceania
  • MEA

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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Trencher Attachments Market to Reach US$ 619.6 Million during Forecast 2022 to 2032: Analysis of Key Trends, Drivers, and Challenges

The global trencher attachments market is expected to develop at a CAGR of 4.1% from 2022 to 2032, reaching a valuation of more than US$ 619.6 Million by 2032.

Trenchers can be more efficient, putting less strain on the machine operator. Growing environmental concerns are causing key players to prioritise the development of environmentally friendly gear.

Trenchers with rubber tracks can provide great traction in rocky, muddy, or slippery terrain with limited topographical variation. Trenchers can also reduce turf damage and increase the stability of self-leveling tracks by equally spreading their weight.

Trencher attachments aid in plumbing, drainage, and irrigation, among other activities. Choosing the suitable trencher attachment speeds up and simplifies the process for the aforementioned applications. Trencher attachments are primarily designed to meet a variety of purposes by incorporating new features and types.

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Key Takeaways: Trencher Attachments Market

  • By product type, the tractor-mount trencher segment is expected to grow at a CAGR of 7% from 2022 to 2032.
  • By operating type, the ride-on trencher segment is estimated to hold the highest share of over 97% in 2022.
  • By application, agriculture & landscaping and oil & gas pipeline construction segments together are projected to generate a market share of more than 45% in 2022.
  • By 2032, North America is anticipated to hold the largest trencher attachments market share of more than 34%.
  • From 2022 to 2032, the U.S. is projected to create an absolute dollar opportunity of more than US$ 59 Million.

“Trencher attachments are gaining immense popularity globally in the construction sector as a result of rising need to spend less time and effort on various building tasks. They are extensively used to set up and maintain subterranean infrastructure for utilities, including phone lines, water mains, and gas mains,”says a Future Market Insights analyst.

Competitive Landscape: Trencher Attachments Market

Innovative products are being introduced by leading manufacturers, who are increasing their product lineups. Several businesses are concentrating on organic growth tactics like product launches, product approvals, patents, and events.

These strategies have paved the way for market participants to grow their clientele and businesses. With rising demand for trenchers on the international market, attractive growth opportunities are anticipated for key participants in the trencher attachments sector.

Some of the key trencher attachments manufacturers included in the report are Tesmec S.p.A, Vermeer Corporation, Kubota Corp., Doosan Bobcat, Deere & Co., Lowe Manufacturing Company Ltd., AFT Trenchers Ltd., Barth Hollanddrain, Erskine Attachments LLC, and Wolfe Heavy Equipment Inc. among others.

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The research report analyses the market demand trend for trencher attachments. The global market is based on macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the trencher attachments market report is studied and analyzed in the following segments such as by product type, operating type, application, and regions. The trencher attachments market report gives us qualitative and quantitative information about the companies.

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Trencher Attachments Market Outlook by Category

By Product Type:

  • Wheel Trencher
  • Chain Trencher
  • Micro Trencher
  • Tractor-Mount Trencher
  • Portable Trencher

By Operating Type:

  • Ride-On
  • Stand Behind

By Application:

  • Agriculture & Landscaping
  • Oil and Gas Pipeline Construction
  • Energy and Electricity Cables Network
  • Telecommunication Network
  • Water and Wastewater Pipeline Construction
  • Others

By Region:

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

About Us

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

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Truck Mounted Cranes Market is Expected to Reach a High Valuation of US$ 3,769.7 Million during Forecast 2022 to 2032 | Future Market Insights, Inc.

The global truck mounted cranes market is anticipated to be worth US$ 3,769.7 million by 2032. Between 2022 and 2032, it is predicted to expand at a CAGR of 4.5%. Stiff boom models account for more than 67% of the worldwide truck mounted cranes market.

According to the International Monetary Fund, global economic growth would expand by 3.6% in 2023, offering tremendous opportunities for the infrastructure industry to develop around the globe. As construction activity rises and financial conditions improve in numerous nations, the market is likely to expand. The mining and construction sectors’ rise is likely to enhance the market even further.

Furthermore, the global expansion of the oil and gas, utilities, commercial, automotive, and mining industries is likely to fuel the market. These cranes make up almost 4.7% of the parent market. Their increased deployment in infrastructure building activities, as well as the electricity and telecommunications industries, is primarily responsible for their growth.

Crane sales are likely to increase further as they are increasingly used in the material loading, shipbuilding, and manufacturing industries. These cranes’ high load bearing capability and shifting designs are expected to suit the needs of a wide range of industries, including telecoms work sites and complex industrial processes.

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Truck mount cranes can be hydraulic, mechanical, or electrical having load capacities ranging between 2.5 to 16 tons. Additionally, the truck mount crane has an extending boom, auxiliary devices, a hook, and supplementary support while lifting which increases its stability, landing leg, rotatory table, and rack. The increasing economical and infrastructural growth all across the globe has boosted the demands of instruments for construction this is playing a significant role in the expansion of the truck mount crane market all across the globe.

Regional Outlook:

Significant growth in the infrastructure, economy and industrialization in the MEA, North America, and European countries has boosted the sale of truck mount cranes in this region. Being safe, reliable, and productive the Truck Mounted Crane market is forecasted to grow in all the above regions. Moreover, there is the growth of urbanization in all the developed countries which includes the USA, Europe, and Japan, this is estimated to accelerate the Truck Mounted Crane market over the forecast period.

In the Asia-Pacific region, countries like China and India have increased the use of Truck Mounted Crane due to the inclination of consumers towards more productive, user-friendly, and efficient technology. The never-ending demand for constructional infrastructure by various end-use industries is also expected to drive the global Truck Mounted Crane market over the forecasted period. Based on all the above-mentioned factors, the Truck Mounted Crane market is forecasted to grow with a prominent CAGR over the forecast period.

The regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC Countries, S. Africa, Northern 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 an 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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Key Players

Key players in the global market of Truck Mounted Crane are:

  • Shanghai Guanhai Heavy Industry Science & Technology Co., Ltd
  • Chowgule and Company Pvt. Ltd.
  • Amma Engineering Pvt. Ltd
  • Cherokee Truck Equipment, LLC.
  • Lift and Shift Equipment
  • HYVA Global B.V.
  • Jomac
  • Stellar Industries
  • Sinomach Heavy Industry Corporation
  • Manitex International.
  • Mech-Tech Industries
  • Kissan Engineering
  • Palfinger Cranes India Pvt. Ltd.
  • PM Group S.p.A.
  • Liftmoore, Inc.

Truck mount trucks are mainly used for power distribution as well as construction purposes. With the growing expansion of the power and distribution network demand for truck-mounted cranes is also increasing in the global market. Truck mount cranes make the task easy by saving human time and energy and allowing the completion of tasks efficiently and effectively, this makes them more reliable for the customers and this is propelling the growth of the market of truck mount globally.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product, and applications.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

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Truck Mounted Cranes Market Outlook by Category

By Product Type:

  • Stiff Boom
  • Knuckle Boom

By Drive:

  • Electrical
  • Mechanical
  • Hydraulic

By Lifting Capacity:

  • Below 15 Ton
  • 15 to 30 Ton
  • 30 to 50 Ton
  • Above 50 Ton

By End Use:

  • Industrial
  • Commercial
  • Infrastructure
  • Others

By Region:

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

About Us

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

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Asphalt Mixing Plants Market is Expected to Grow at a CAGR of 2.4% from 2022 to 2032 | Get Customized Reports

During the forecast period, the worldwide asphalt mixing plants market is expected to generate US$ 8.5 billion while rising at a CAGR of 2.4%. The market is expected to be worth US$ 6.5 billion in 2021 and US$ 6.66 billion in 2022. Increased road construction operations, together with expanding infrastructural development in countries, are expected to drive industry growth.

Increasing asphalt production throughout the world is a key element driving market demand. Countries such as India, Vietnam, and the Philippines will invest extensively in road building and improvements in the future decades in order to improve their rankings.

Over the past few years, tremendous growth in urban centers was witnessed as people moved from the countryside to cities to live and work. Increased disposable incomes will drive up private vehicle ownership, placing greater demands on roads and eventually augmenting road construction projects, particularly in China and India. Portable product type to gain the majority share owing to the increasing necessity for cost-effective and easily transportable construction equipment.

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Key Takeaways:

  • By Product type, the portable product segment of the Asphalt Mixing Plants segment expanded at a ~2% CAGR
  • Based on Application, the road construction segment of Asphalt Mixing Plants is estimated to record an ~2% CAGR
  • APAC region is likely to account for the majority share of nearly 3% during the forecast period
  • Europe region is estimated to gain significant traction in the market for Asphalt Mixing Plants, Germany is likely to hold the majority share.

“Constructers have been investing a lot of time and money in fostering new asphalt plant solutions to cater to important industry requirements, thus in turn, to fuel the market growth of asphalt mixing plants”.

Competitive Landscape

Key players in the global Asphalt Mixing Plants market include Speco Limited, Nikko Co. Ltd., Ammann Group Holding AG, GP Gunter Papenburg AG, Lintec & Linnhoff Germany GmbH., among others. Recent key developments among players are:

  • In Aug 2022, Construction Partners, Inc. ROAD (the Company), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, announced the acquisition of Southern Asphalt, Inc., headquartered in Conway, South Carolina. As a result of the acquisition, the Company added two hot-mix asphalt plants and more than 200 employees in the Myrtle Beach, South Carolina metro area.
  • In Aug 2021, Berkshire Engineering Supplies (BES) and R&G Cooper (RGC) joined forces to create Bulldog Plant & Equipment Ltd, which is said to be the only business of its kind in Britain and is set to become the number one provider of large-scale production plants in the construction materials, engineering, and energy sectors.
  • In March 2022, Astec Industriesagreed to acquire MINDS Automation Group (MINDS). The firm is a leader in plant automation control systems and cloud-based data management in the asphalt industry.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Asphalt Mixing Plants market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Asphalt Mixing Plants Market by Process (Batch, Continuous) by Product (Portable, Stationary) by Application (Road Construction, Others) by Capacity (Below 50T/H, 50-150T/H, 151-300T/H, Above 300T/H) & Region (North America, Europe, East Asia, South Asia, Oceania and Middle East & Africa, and Latin America)

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Key Segments Covered In The Asphalt Mixing Plants Industry Analysis

Asphalt Mixing Plants Market by Process:

  • Asphalt Mixing in Batches
  • Continuous Asphalt Mixing

Asphalt Mixing Plants Market by Product:

  • Portable Asphalt Mixing Plants
  • Stationary Asphalt Mixing Plants

Asphalt Mixing Plants Market by Application:

  • Asphalt Mixing Plants for Road Construction
  • Others

Asphalt Mixing Plants Market by Capacity:

  • Below 50T/H Asphalt Mixing Plants
  • 50-150T/H Asphalt Mixing Plants
  • 151-300T/H Asphalt Mixing Plants
  • Above 300T/H Asphalt Mixing Plants

Asphalt Mixing Plants Market by Region:

  • North America Asphalt Mixing Plants Market
  • Latin America Asphalt Mixing Plants Market
  • Europe Asphalt Mixing Plants Market
  • East Asia Asphalt Mixing Plants Market
  • South Asia Asphalt Mixing Plants Market
  • Oceania Asphalt Mixing Plants Market
  • Middle East & Africa Asphalt Mixing Plants Market

About Us

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

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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CHP Market is Projected to Grow at a Strong 6.4% CAGR during Forecast 2022 to 2032, FMI Study

By 2022, the global CHP market is estimated to increase at a 6.4% CAGR to US$ 2,091.6 million. During the projected period of 2022 to 2032, the market is expected to exceed a market value of US$ 3,876.5 million.

Government laws limiting greenhouse gas emissions, as well as the advent of innovative technologies such as absorption chillers, which effectively convert heat into cooling, are projected to drive the market for combined cooling, heat and power (CHP) facilities over the forecast period. The CHP market increased at a CAGR of 5.5 percent between 2016 and 2021.

The use of heat from a combined heat and power plant to produce cooling energy for a refrigerator and air conditioner is known as trigeneration. It is the most cost-effective and environmentally friendly method of producing heat, cooling, and electricity, making it the best choice for businesses that need a lot of cooling.

A chiller, heat exchanger, gas engine, and electricity generator make up a combined cooling, heat, and power plant. Greater efficiency, or the ability to produce different types of energy from a single fuel source, such as electrical energy, heat energy, and cooling energy, is another of CCHP’s key advantages.

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CHP Market Competition

Some of the major players in the market are

  • GETEC heat & power AG
  • Peter Brotherhood Ltd.
  • Clarke Energy
  • Siemens
  • ABB
  • AGO AG Energie + Anlagen
  • MAN Diesel & Turbo SE
  • M-Trigen
  • O’Hair Shutter Ltd
  • Grastim Energia
  • Biomass Power
  • International Coil Ltd.

Manufacturers and distribution channels are currently engaging in a number of strategic partnerships and collaborations in the CHP market.

  • To demonstrate a hydrogen-fueled combined heat and power (CHP) system, Minnesota-based District Energy St. Paul and Caterpillar Inc. announced a three-year project in May 2022. The National Renewable Energy Laboratory and the U.S. Department of Energy both support and partially fund the project. The company will be able to evaluate additional hydrogen fuel options for an existing energy-efficient engine thanks to this hydrogen demonstration project, opening up new opportunities for assisting our customers in achieving their climate-related goals and objectives.
  • Caterpillar CHP systems simultaneously produce electricity and heat, improving overall efficiency and lowering exhaust emissions. Power and heat from the demonstration project will be integrated into District Energy St. Paul’s electrical and thermal infrastructure in order to evaluate the potential of a hydrogen-fueled CHP system under actual operating circumstances.

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Booming Start-ups

Attributed to the presence of a very highly competitive scenario, various new startups are entering the market space with their own set of innovations. Let’s consider a few examples-

  • ClearCell Power is a US-based startup that offers turnkey alternative energy solutions. The startup’s PureCell system combines energy production with heat recovery. The fuel processor converts natural gas to hydrogen to feed the fuel cell stack. Then, an electrochemical process combines hydrogen and air to produce electricity, water, and heat. As a result, the solution’s heat recovery system heats water in the facility for different purposes.
  • Enexor Bioenergy is a US-based startup that provides onsite, renewable energy solutions. The startup’s Bio-CHP system uses organic waste and plastics to provide continuous renewable energy. The solution also directs waste heat to produce hot water or steam, replacing fossil fuel use for onsite boilers. The system is designed to operate in humid and salty environments, typical of island nations.
  • Polish startup Lerta develops diverse renewable energy solutions. The startup installs CHP units for industrial clients, enabling savings in energy costs. Lerta also provides automated energy management and virtual power plants to improve energy efficiency and frequency stability. The startup also offers residential solar power plants to help homeowners offset rising energy prices.

Key Segments Profiled in the CHP Industry Survey

CHP Market by System Type:

  • Smaller CHP System (less than 5 MW)
  • Medium CHP System (5 MW to 20 MW)
  • Large CHP System (above 20 MW)

CHP Market by Technology:

  • CHP Reciprocating Engines
  • CHP Turbines
  • CHP Fuel Cells

CHP Market by Chiller Type:

  • Absorption Chiller
  • Engine Drive Chiller

CHP Market by Application:

  • CHP for Industrial Applications
  • CHP for Commercial Applications
  • CHP for Institutional Applications

CHP Market by Region:

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

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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. Technology Roadmap Analysis

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

  1. Global CHP Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032

  1. Global CHP Market Analysis 2017-2021 and Forecast 2022-2032, By System Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By System Type, 2017-2021

5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By System Type, 2022-2032

5.4. Y-o-Y Growth Trend Analysis By System Type, 2017-2021

5.5. Absolute $ Opportunity Analysis By System Type, 2022-2032

About Us

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

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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