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In 2022, the market for power tools is anticipated to be worth US$33.36 billion. The demand for electric power tools and portable power tools will increase exponentially over the next few years, according to the most recent Future Market Insights (FMI) analysis.

Demand for handheld and pneumatic power tools will also increase due to their growing use in the automotive, construction, aerospace, and other industries. Additionally, the report projects that sales of power tools will account for 7% to 8% of the global tooling market.

Sales are anticipated to grow at a healthy 5.1% CAGR over the course of the assessment period, supported by the aforementioned factors. The total demand for power tools is anticipated to reach $51.2 million by 2032, growing at a CAGR of 5.1% between 2022 and 2032.

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The global power tools market is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. As per Future Market Insights (FMI) analysis, the global power tools market is expected to reach US$ 33.36 Bn in 2021.  The demand is expected to soar as construction activities surge around the world. According to FMI, construction applications will account for maximum sales in the market through the forecast period. Besides this, the rising trend of do-it-yourself activities will fuel sales opportunities for the market.

The COVID-19 pandemic has severely affected the global economy. Resulting in manufacturing plant shutdowns, coupled with supply chain disruptions owing to nationwide lockdowns across the globe, subsequently resulting in the plunge in the power tools market growth. However, the market is expected to recover sharply as economic activities resume post the containment of the pandemic. Manufacturers are focusing on scaling up their production capabilities with improved production rates creating positive prospects for the power tools market growth.

Key Takeaways of Global Power tool Market Study

1. The power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
2. The overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
3. The U.S. is expected to spearhead growth in North America, accounting for over 62% of overall share in the region in 2021
4. The U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
5. Outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributed to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

Global Power tool Market Competitive Landscape

The global power tools market is highly competitive market owing to presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain competitive edge. Some of the leading manufacturers of power tool market are Robert Bosch GmbH, Stanley Black & Decker Inc., Makita Corporation, Techtronic Industries Company Limited, Koki Holding, Co., Ingersoll Rand Inc., Apex Tools, Hilti Corporation, Snap-on Incorporated, among others.

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Valuable Insights into Global Power Tools Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global power tools market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power tools market based on backing product type (drilling tools, fastening tool, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench, circular saw), technology (electric and pneumatic), application  (manufacturing, MRO services, DRO, construction), and sales channel (offline and online) across six regions (North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa).

By the end of 2028, the market for industrial robotics is anticipated to reach US$ 96.82 billion. The market is expanding as there is an increasing focus on improving the productivity of high-volume production lines, particularly in the production of semiconductors and electronic devices.

Sales in the global industrial robotics market are anticipated to reach US$ 33.75 Bn by 2022, increasing at a CAGR of 19.2% over the forecast period of 2022–2028, according to Future Market Insights (FMI).

By 2022, East Asia is anticipated to represent more than two-thirds of the global revenue for industrial robotics, making it the most lucrative market. Through 2028, the automotive and electronics industries are projected to hold a lion’s share of the global market based on end-use category.

Demand for Industrial Robotics Propelling in Japan

“Growing Trend of Industrial Automation to Fuel the Industrial Robotics Demand”

Over the course of the assessment period, Japan is anticipated to grow into a profitable niche in the East Asian industrial robotics market.

Key market players are being encouraged to develop advanced robotics technology by the rising trend of industrial automation and the growing adoption of novel technologies. In order to identify appropriate picking orders with a high success rate, FANUC, a Japanese provider of automation products and services, recently introduced new industrial robots with AI for Bin Picking FIELD applications.

According to estimates, these developments and product introductions will increase demand for industrial robotics in Japan and help the East Asian market account for close to 69% of global sales in 2022.

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The Factors Driving the U.S. Industrial Robotics Market

“Increasing Deployment of Collaborative Robotics to Elevate the Growth in the Market”

In the North American industrial robotics market, the United States is predicted to grow at the fastest rate, helping the region to meet more than 8% of the demand in 2022.

By introducing cutting-edge industrial collaborative robotics, which has abilities like trainability, memory, dexterity, and sensing, we are closing the gap between machines and humans.

Innovative technologies like collaborative robots are increasingly being used across a variety of industries to improve precision and quality of work due to rising consumer demand for higher-quality products and increasing industrial productivity. Sales of industrial robotics are anticipated to increase in the US market as a result.

Industrial Robotics Market by Category

By Product Type :

• SCARA Robots
• Delta Robots
• Cartesian Robots/ Gantry Robots
• Articulated Robots
• Collaborative Robots (limited segments)
• Dual-arm Robots

By Application :

• Assembly/Disassembly
• Clean Room
• Dispensing
• Handling Operations
• Processing/Cutting
• Welding
• Painting & Coating
• General Applications

By End Use :

• Automotive Industry
• Electrical/Electronics Industry
• Rubber & Plastics Industry
• Metal & Machinery
• Food & Beverages
• Plastic & Auxiliary Chemical Products
• Auxiliary Industries
• Bulk Commodities & Materials

By Region :

• North America
• Europe
• South Asia
• East Asia
• Rest of the World

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Competitive Landscape

Key players operating in the global industrial robotics market are focusing on research and development to improve their product portfolios. In addition to this, players are investing in collaboration, merger, and acquisition to expand their product portfolio and strengthen their global  footprint. For instance:

• In August 2020, ABB Group, a Swiss multinational corporation announced extending its range of six-axis industrial robot by unveiling its new articulated industrial robot IRB 1300. The robot provides advanced motion control and enhance operation cycle time by assisting in material handling heavy objects.

In 2022, the size of the global temporary fencing market was 3294.6 US million. During the forecast period, the market is expected to increase and reach US$ 4676.9 Million by 2032, growing at a CAGR of 3.6%. The COVID-19 has had an unprecedented and massive impact on the world. Every region experienced low demand during the pandemic.

The market for temporary fencing panels is anticipated to grow during the forecast period as a result of the rising demand for fencing systems for security, storage facilities, and farmland security. The product’s lightweight design, simple construction process, and additional strong fencing capacity are some of its key features.

The purpose of temporary fencing panels is to prevent a defined boundary from being crossed. Temporary fencing panels are becoming more and more popular because they are the best option for outdoor spaces, especially in the short term. Numerous uses for these fencing panels exist, including pedestrian safety, construction site safety, pet and child containment, and pedestrian safety.

The base of temporary fencing panels includes base plates, blocks, and counterweights. Additionally, temporary fencing panels are made from premium materials, coated in accordance with BS EN 10244-2 standard, and can also be produced using SmartWeld 100 technology.

These fencing panels are available in a range of heights and weights, and they undergo a number of tests before being put to use, including wind loading, stability tests, and impact tests. Such noteworthy factors will foster the expansion of the temporary fencing panel market on a global scale.

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The temporary fencing panels are also known as construction hoardings or temporary fencing hoardings when they are placed at construction site locations. These fencing panels are an excellent alternative to permanent fencing because of their adaptability and portability. The sales of temporary fencing panels will soar for use outside as decoration of homes and gardens due to the various materials and designs.

The Key Trends Driving Sales Of Temporary Fencing Panels

With the growing demand for PVC and plastic fences that are reasonably priced, lightweight, and simple to install as well as the increasing accessibility of these fences, the demand for temporary fencing panels is anticipated to rise.

The temporary fencing panels market is dominated by non-residential locations, such as exhibitions, concerts, special events, and local council construction sites, among others. The market growth is accelerated by the rising demand for temporary and plastic fencing.

Additionally, temporary fencing panels are being used more frequently in residential areas for security and safety reasons. According to predictions, this factor will help the global market expand during the forecasted period.

Temporary fencing panels have advantageous qualities like reusability, toughness, lower cost, and minimal maintenance. These characteristics increase the demand for temporary fencing panels, which promotes the market’s healthy expansion.

The demand for safety and security solutions is being fueled by the impending boom in real estate development, growing industrialization, and aggressive investments in private and public organisations in the construction sector, particularly in developing nations like India and China.

Currently, transformer stations, high-voltage equipment in open spaces, machinery with potentially hazardous parts, industrial plant quarries, explosive factories, other wildlife parks, military facilities, prisons, aquatic centers, and airfields all need temporary fencing panels. This will further increase demand for temporary fence panels.

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North America Hold A Significant Market Share

North America holds a 26% market share in the global market for temporary fencing panels. Market dominance is made possible by the persistent growth of construction activities throughout this region. In fact, more than 50,000 fence contractors call the United States their home, and they provide goods and services to clients all over the world.

During the anticipated period, the North American market is also anticipated to experience significant growth. Additionally, the market for temporary fencing panels in North America is predicted to grow as more households in the region adopt home décor products.

The market size for barcode scanners is worth US$ 7 billion in 2021, according to recently released data from FMI. Between 2021 and 2031, the market is anticipated to expand at a CAGR of more than 7.6%. Over the course of the assessment period, it is anticipated that the demand for barcode scanners will rise as the healthcare sector expands.

Despite the difficulties caused by the COVID-19 outbreak, there was a quick transition from handheld laser scanning to imaging solutions, which increased the demand for barcode scanners. With a 30%+ value share in 2021, North America will continue to be the market leader. The healthcare industry is cited as a major contributor to the expected positive outlook for barcode scanner demand in North America.

North America to Become Dominant in the Barcode Scanner Market

North America is expected to generate a total incremental opportunity of more than US $1500 Mn between 2021 and 2031.By the end of 2021, it is anticipated that the North American barcode scanner market will hold a greater than 30% value share. Over the course of the forecast period, the region is anticipated to grow at a CAGR of 6.9%.

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By the end of 2021, sales of barcode scanners are anticipated to reach a value of US$140.4 million in the U.S. The market is anticipated to expand significantly during the forecast period, exhibiting high value-high growth.

However, it is anticipated that during the forecast period, the Canadian barcode scanner market will tend toward low-value-high growth. Between 2021 and 2031, Canada is anticipated to offer a total incremental opportunity of more than US$ 240 million.

Although barcoding is widely used worldwide, different technologies and systems are adopted in various regions. In the United States, barcodes were first used in products when one was printed on a pack of chewing gum in the early 1950s.

As far as tracking and recording product information goes, barcoding is now considered standard. High-end barcode scanners have been adopted in North America by a variety of industries. These scanners include stationary, omnidirectional, cordless, rugged, and rugged scanners.

When compared to other technologies used in this area, the growth rate of barcode scanner technologies like CCD and pen-type readers is slower. The creation of specialised barcode scanners for particular uses, such as barcode scanners for use with admission tickets for theme parks and hospitals, is another trend.

Rising Barcode Scanner Application in the Healthcare Sector to Facilitate Growth

Every area of the healthcare industry is using barcode scanners more and more. According to the Institute of Medicine of the National Academies (IMNA), the majority of medical mistakes that occur during a patient’s hospital stay are brought on by improper medication, which is a result of an incorrect diagnosis that results in death. As a result, hospitals now prefer to feed updated patient information into a computer-recommended database.

Every conceivable error can be fixed by using barcode scanners. It becomes simple to keep accurate patient records and lower drug-related errors while a patient is in the hospital. As a result, barcode scanners are now more in demand in North America.

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Barcode Scanning Becoming a Norm in the Retail Sector

In North America, the use of barcode scanners in manufacturing and retail is expanding quickly. One of the best methods for gathering product information is now barcode scanners. Barcodes are used by retailers all over the world to easily track supplies and goods.

Products have barcodes applied to labels, which aid in keeping track of data such as product count, manufacturing date, date of supply to the retailer, selling price, etc. The data is retrieved and tracked when these products are scanned.

This entire procedure, which is finished in a matter of seconds, improves efficiency while reducing errors. This has aided retailers in keeping track of their stock on the shop floor and in the warehouse. All of the products sold by large retailers like Walmart, Carrefour, Costco, and IKEA have barcodes. As a result, the North American market for barcode scanners is expanding.

The global rivet gun market is covered in detail in the report for the years 2018 to 2028, including market dynamics, value (US$ Mn) and volume (units), competition projections, recent developments, and market trends.

By the end of the forecast period, the market for rivet guns is anticipated to have grown by a CAGR of 6.1%, reaching US$ 799.9 Mn. Some of the major factors anticipated to increase the demand for rivet guns in the global market include the rising demand for pneumatic rivet guns and the growth of online rivet gun sales.

 Rivet Gun Market – Competition Landscape

The global rivet gun market is moderately consolidated with top market players holding single-digit market shares as of 2017. The top ten players in the global rivet gun market are projected to collectively hold between a 25% and 30% market share.

In the past few years, the rivet gun market has witnessed significant developments from a competition perspective. Acquisitions, collaborations and expansion of production capacity are some of the key strategies adopted by market players to expand and sustain in the global rivet gun market.

• In August 2014, Atlas Copco North America, Asia-Pacific, and U.K. Holding company has completed the acquisition of all entities of self-pierce riveting specialist Henrob with main sirtes in the UK and the US
• In March 2015, the company acquired Newell Brands’ Tools Business for US $1.95 billion to strengthen its position in the global tools industry

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Some of the key manufacturers covered in this study on the global rivet gun market are GESIPA Blindniettechnik GmbH, Arconic Inc. Atlas Copco AB, Stanley Black & Decker, Inc., Rivetec s.r.o., Malco Products, SBC, Degometal, Fastening Systems International Inc., Ingersoll-Rand plc, LOBTEX Co., Ltd., JPW Industries Inc, Honsel Umformtechnik GmbH, FAR, Campbell Hausfeld and Astro Pneumatic Tool Company.

Rivet Gun Market: Segmentation

On the basis of product type, the global Rivet Gun market has been segmented into:

• Pneumatic Rivet Guns
• Manual or Hand Operated Rivet Guns
• Battery Operated Rivet guns

On the basis of capacity, the global Rivet Gun market has been segmented into:

• Light duty Rivet Guns (less than 3mm)
• Medium duty Rivet Guns (3-5 mm)
• Heavy Duty Rivet Guns (> than 5mm)

On the basis of operation type, the global Rivet Gun market has been segmented into:

• Pop Riveting
• Slow Hitting
• Fast Hitting

On the basis of distribution channel, the global Rivet Gun market has been segmented into:

• Online Sales
• Offline Sales (Retailers, Distributors)

On the basis of end use, the global Rivet Gun market has been segmented into:

• Automotive & Transportation
• General Manufacturing
• Electronics
• Building & Construction
• Others

On the basis of region, the global Rivet Gun market has been segmented into:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South East Asia & Pacific
• Middle East & Africa
• China
• India
• Japan

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Key Questions Answered in the Rivet Gun Market Report

• How has the rivet gun market evolved over the past four years?
• What are some of the prevailing market dynamics in the rivet gun market?
• What shape is the rivet gun market expected to take in terms of volume and value during the study period?
• What are the competition developments and trends in the rivet gun market?
• What are the important key challenges, opportunities and improvement factors for rivet gun market players?
• What are some of the underlying macro-economic and industry factors impacting the growth of the rivet gun market?
• What are the important market positioning and key strategies of key rivet gun manufacturers as per the market taxonomy?
• How is the competition structured at present and how has it evolved in the rivet gun market over the past few years?

The global food sorting machines market is expected to exceed US$ 1.5 billion by 2022. Surging demand for packaged food products globally is expected to boost sales at a 5% CAGR over the assessment period, with the market size approaching US$ 2 billion by 2032.

With a growing global population and increasing pressure on the food industry to meet customer demands, food sorting machines are becoming more popular. During the forecast period, the global food sorting machines market is expected to expand at a promising CAGR.

Optical sorting improves product quality, increases yields, and increases throughput while lowering labour costs.

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Its highly adopted in the processing of harvested foods such as fruits, potatoes, vegetables and nuts where it achieves non-destructive,100% inspection on full production volume. Since manual sorting is subjective and inconsistent, it is not preferred. One of the solutions to this dilemma is increased efficiency and waste reduction in the food supply chain. Food sorting machines offer an increase in efficiency by selectively filtering out the undesired materials from the main food. Worldwide optical sorters are being used in the food industry.

Food Sorting Machines Market: Drivers & Restraints

Growing population, rising urbanization, growing technological awareness, industrialization of emerging economies and increasing per capita income are some of the key factors driving the growth of the food sorting machines market.

Environmental Protection Agency regulations on the disposal of food waste, changing consumption patterns and smaller households are a few of the probable factors restraining the growth of the food sorting machines market.

Food Sorting Machines Market: Key Players

Some of the key market participants in the global food sorting machines market are Tomra Systems ASA, Sesotec GmbH, Buhler AG, Key Technology, BarcoVision, and Satake USA Inc.

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, types and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and 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.

Global interest is increasing towards the quality of food consumed along with the stringent legislation on product quality and operating procedures. In the food industry, product specification is extremely important and is one of those areas where new developments are crossing the boundaries. The food industry is under the immense pressure of meeting the demands of the growing world population.

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Key Segments Profiled in the Food Sorting Machines Industry Survey

Product Type:

• Channel Sorters
• Freefall Sorters
• Belt Sorters
• ADR Systems

Technology:

• Laser
• Camera
• LED
• X-ray

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

The global Wedge Wire Screen market was worth US$ 0.68 billion in 2021 and is expected to grow at a CAGR of 4% to reach US$ 0.71 billion in 2022. The wedge wire screen market is expected to grow in the approaching years because to its high strength, rigidity, and weight-carrying capacity.

The whole structure is then compressed and made safe by installing ring nuts over the ends of rod. Wedge Wire Screens are capable of separating solids from liquids and are commonly used for sizing, filtering, retaining media, de-watering, distribution and collection.

Wedge wire screens are mainly used in chemical, mining, gas & oil and paper industries. Wedge wire screens provide a larger drainage area, thereby creating a better flow of water and are comparatively strong & durable. They are usually manufactured from stainless steel and primarily used for separation, filtration and retention media in end-use sectors.

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Wedge Wire Screens can be made in various different configurations and are available in cylindrical, flat or curved shapes. The wires can be located axially inside the cylinder. The dimension of the cylinders can vary from 1/2″ – 36″, depending on the needs of the individual customer. Customized wedge wire screens with large diameters can also be manufactured for individual needs.

Wedge Wire Screen Market: Dynamics

Increase in demand from end-user sectors, such as petrochemicals, food industries and water treatment, will drive the demand for wedge wire screens during the forecast period.

Moreover, wedge wire screens act as a perfect tool for drilling boreholes. These screens can handle all kinds of pressure and facilitate easy flow of liquids. Also, different industries have different requirements for panel screens.

Therefore, all of these factors will drive the demand for wedge wire screens during the forecast period.

Wedge Wire Screen Market: Market Participants

Examples of some of the market participants/vendors identified across the value chain of the Wedge Wire Screen market are AMACS, Ando Screen, ANDRITZ Euroslot, Aqseptence Group, Atlas Wedge Wire, B. Deo-Volente, Carbis Filtration, Concord Screen, Costacurta S.p.A., CP Screens, Gap Technology, HEIN, LEHMANN, Hendrick Screen Company, International Screen Supplies, Jagtap Engineering, Multotec, Optima International, Progress Eco, Steinhaus GmbH, TOYO SCREEN KOGYO CO, Trislot NV and Wedge Tech.

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

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

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Wedge Wire Screen Market: Segmentation

On the basis of type, the market can be segmented into:

• Baskets wedge wire screens
• Flat wedge wire screens
• Sieve Bend Screen wedge wire screens
• Cylinder wedge wire screens

On the basis of application, the market can be segmented into:

• Food & Beverages wedge wire screen
• Chemical and Petroleum
• Water Treatment
• Pulp and Paper
• Mining and Mineral
• Others