Market Research Blog

The industrial nailers market is anticipated to expand its roots at a steady CAGR of 7.8% between 2023 and 2033. The market is predicted to cross a market share of USD 1,432.6 million by 2033 while it is likely to be valued at USD 678.6 million in 2023.

The hammer and nail, a classic duo that built countless structures throughout history. But for today’s industrial applications, time is money, and efficiency is king. Enter the industrial nailer, a powerful tool that drives nails with precision and speed, saving you time and effort on your projects.

The significantly growing construction industry with advancements related to techniques and tools is anticipated to fuel market growth. Furthermore, the increased productivity and efficiency of advanced nail gun motors are fueling the demand for industrial nailers.

What are Industrial Nailers?

Industrial nailers, also known as nail guns, are power tools that fire nails into various materials like wood, metal, and concrete. They come in different types, each suited for specific applications. Here’s a quick breakdown of the most common ones:

• Framing Nailers: Beasts of burden, these nailers handle heavy-duty jobs like framing walls and floors. They fire large nails that offer maximum holding power.
• Coil Nailers: Champions of speed, coil nailers feed nails from a coil magazine, allowing for rapid fire and continuous work. Ideal for tasks like sheathing walls and subflooring.
• Brad Nailers: For more delicate applications like trim work and cabinetry, brad nailers fire thin nails that leave minimal holes.
• Finish Nailers: Similar to brad nailers, finish nailers leave near-invisible holes, making them perfect for final touches on furniture and woodworking projects.

Benefits of Using Industrial Nailers:

• Increased Productivity: Driving nails with a hammer is slow. Nail guns drastically increase your speed, allowing you to complete projects faster.
• Reduced Fatigue: Swinging a hammer all day can be tiring. Nail guns eliminate the manual effort, reducing fatigue and keeping you productive for longer periods.
• Improved Accuracy and Consistency: Nail guns ensure consistent nail depth and placement, leading to a more professional finish.
• Versatility: With different nailer types and nail sizes, you can tackle a wide range of projects with one tool.

Recent Market Developments: 

• Aerosmith Fastening has introduced its TraxPin and PowerPin construction-based nailers. It also has a range of different nailers including framing and sheathing nailers.
• Apach Industrial Co. Ltd has launched a new range of advanced industrial nailers that include coil nailers, framing nailers finish nailers, specialty, staplers, and other carton closing tools. Framing nailers holds professional power pneumatic nailer motor that drives power for different degree strip framing nailers.

Key Players:

• Stanley Black & Decker
• Illinois Tool Work Inc.
• Robert Bosch Power Tools GmbH
• Kyocera Corp
• Everwin Pneumatic Corp
• Techtronic Industries Co. Ltd.
• Apach Industrial Co. Ltd.
• JAACO CORP
• Raimund Beck KG
• DEWALT
• Aerosmith Fastening

Industrial Nailers Market Segmentation:

Industrial Nailers Market by Category:

• Pneumatic Industrial Nailers
• Cordless Industrial Nailers
• Gas-powered Industrial Nailers

Industrial Nailers Market by Product:

• Brad & Pins
• Coils
• Roofing
• Framing & Sheathing
• Flooring
• Sliding & Fencing
• Others

Industrial Nailers Market by Operation:

• Handheld Industrial Nailers
• Automatic Industrial Nailers

Industrial Nailers Market by Nail Length:

• Less than 20 mm
• 20 to 40 mm
• 40 to 60 mm
• 60 to 80 mm
• Above 80 mm

Industrial Nailers Market by Application:

• Furniture
• Millwork
• Pallets & Crating
• Leather Goods Manufacturing
• Steel Skids
• Construction & Framing
• Automotive Interiors
• Others

Key Regions Covered:

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

For More Details, Browse Full Report:

Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global automated sortation system market is forecasted to achieve a significant milestone of USD 21.7 billion by 2034, reflecting a notable Compound Annual Growth Rate (CAGR) of 8.8% from 2024 to 2034. Furthermore, the market is anticipated to reach USD 9.3 billion in 2024, underscoring its continued expansion.

The growth of automated sortation systems is driven by several key factors. Advances in technology, such as AI and robotics, have significantly enhanced the efficiency and accuracy of these systems, allowing for faster processing and reduced labor costs. The increasing demand for rapid and precise order fulfillment, particularly in e-commerce, has spurred investment in automation to keep up with customer expectations. Additionally, the need for scalability and adaptability in supply chains has made automated sortation systems a critical component for businesses aiming to optimize operations and handle high volumes of goods.

An Automated Sortation System is a high-efficiency solution designed to streamline the sorting and distribution of goods in various industries, particularly in logistics and warehousing. By employing advanced technologies such as conveyor belts, barcode scanners, and robotic arms, these systems can quickly and accurately categorize and route products based on predefined criteria like size, destination, or type. This automation reduces manual labor, minimizes errors, and enhances throughput, making it an essential component for modern supply chain management and e-commerce operations.

The automated sortation system market is experiencing robust growth driven by the increasing demand for efficient and scalable solutions in logistics and supply chain operations. Trends include advancements in artificial intelligence and robotics, which enhance sorting accuracy and speed. The rise of e-commerce and omni-channel retailing is further fueling demand, as companies seek to streamline operations and manage high volumes of parcels. Additionally, the integration of data analytics and IoT technologies is optimizing sortation processes, leading to greater operational efficiency and reduced costs.

Competitive Landscape:

The automated sortation systems market is characterized by fierce competition and a wide array of players. Companies within this industry employ various strategies such as product launches, substantial investments in research and development, forging partnerships, and engaging in acquisitions to maintain a competitive edge.

Key Players:

• Honeywell International Inc.
• Toyota Industries Corporation
• Beumer Group
• Fives
• Intralox
• Material Handling Systems
• Siemens AG
• Daifuku Co., Ltd.
• KION Group (Dematic)

Latest Market Developments:

• Beumer Group’s Global Reach: Germany-based Beumer Group is a prominent player, offering highly advanced sortation systems that cater to approximately 70 locations worldwide, underlining their global presence and influence.
• OPEX Corporation’s Sure Sort System: U.S.-based OPEX Corporation has introduced the Sure Sort automated sorting system, facilitating the swift scaling of sorting and handling, particularly for smaller goods often associated with parcels. This innovative, fully automated approach minimizes the need for extensive human intervention in sorting operations.

Key Segments of Automated Sortation System Industry Survey:

Automated Sortation System Market by Equipment:

• Pop-Up Rollers & ARB Sorters
• Pivoting Arms & Paddle Sorters
• Tilt-tray Sorters
• Cross Belt Sorters
• Pouch/ Pocket Sorters
• Sliding Shoe Sorters
• Narrow Belt Sorters
• Flat Sorters
• Push Tray Sorters

Automated Sortation System Market by Component:

• Hardware
  • Drives & Power Units
  • Conveyor Belts
  • Rollers & Wheels
  • Trays
  • Scanners & Sensors
  • Auxiliary Components
• Software
  • Monitoring and Visual Inspections
  • Control Systems

Automated Sortation System Market by System:

• Unit Sorters
• Case Sorters
• Combo Sorters

Automated Sortation System Market by Sorting:

• Linear Sorters
• Divert Systems
• Circular Sorters

Automated Sortation System Market by Region:

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

Access Report Details for More In-Depth Information!

Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global chopper pump market is poised for remarkable growth, with 2022 witnessing an estimated value of USD 818.4 million. This figure is set to skyrocket in the coming decade, with experts predicting an astounding surge to USD 1,429 million by 2033. Such exponential growth, marking a compelling CAGR of 5.2% from 2023 to 2033, underscores the undeniable potential of the chopper pump industry.

Chopper pumps are experiencing growth due to their robust design, which effectively handles challenging solids and high-viscosity fluids, making them essential in wastewater treatment, agriculture, and industrial applications. Increasing environmental regulations, the need for efficient waste management, and advancements in pump technology are driving demand. Additionally, their ability to reduce downtime and maintenance costs enhances their appeal across sectors, contributing to market expansion. As industries seek more reliable and efficient fluid management solutions, the chopper pump market is poised for sustained growth.

Chopper pumps are specialized centrifugal pumps designed to handle tough and abrasive materials by chopping and shredding solids before pumping. These pumps are commonly used in industries such as wastewater treatment, agriculture, food processing, and industrial manufacturing. Their ability to handle fibrous materials, sludge, and slurry without clogging makes them ideal for applications involving sewage, manure, and industrial waste. Chopper pumps improve operational efficiency by reducing the risk of blockages, minimizing downtime, and ensuring smooth and reliable material flow in challenging environments.

Chopper pumps, renowned for their ability to handle solids and viscous liquids, are experiencing growing demand across various industries. This surge is driven by increased needs in municipal waste management, agricultural applications, and industrial processes where traditional pumps fail. Advancements in pump design and materials have enhanced their efficiency and reliability, making them more appealing for challenging applications. Additionally, rising environmental regulations and the push for more sustainable practices are fueling interest in these robust, versatile pumps.

Competitive Landscape:

In the highly dynamic chopper pump manufacturing sector, companies are vigorously pursuing strategies such as product innovation and strategic partnerships to broaden their product portfolios and cater to the global demand from end-users.

The chopper pumps market exhibits fragmentation, with key players including Xylem, Sulzer, Cornell, Eddy Pump, Vaughan, and Landia A/S, collectively accounting for a 25% market share. These industry leaders prioritize innovation and the reduction of capital investments and maintenance costs as focal points to maintain their competitive edge.

Key Players:

• Vaughan Company
• Crane Pumps & Systems
• CRI-MAN S.p.A.
• CORNELL PUMP COMPANY
• EDDY Pump
• Landia a/s
• Selwood Limited

Recent Market Developments:

In June 2020, Landia, a Danish-based pump manufacturer, showcased its innovative prowess by introducing a long-shaft chopper pump designed for a biogas plant located in Ireland. Remarkably, this long-shaft chopper pump measures nearly 7 meters in length and is destined for a 5-meter slurry pit, where it will play a pivotal role in blending cow slurry with various raw materials before efficiently transferring it to another tank. The resulting mixture will serve as essential farm feedstock. Notably, the long-shaft configuration ensures seamless and cost-effective pumping, exemplifying Landia’s commitment to delivering efficient solutions to its clientele.

Key Segments of Chopper Pumps Industry Survey:

Chopper Pumps Market by Product:

• Submersible
• Cantilever
• Vertical Dry Pit
• Self-priming
• End Suction
• Vertical Wet Well

Chopper Pumps Market by Outlet Diameter:

• Up to 50 mm
• 50 – 100 mm
• 100 – 150 mm
• Above 150 mm

Chopper Pumps Market by Application:

• Agriculture
• Municipal
  • Water Treatment
  • Sewage Treatment
• Automotive
• Steel
• Chemicals & Petrochemicals
• Food Processing
• Mining
• Paper & Pulp

Chopper Pumps Market by Region:

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

Access Report Details for More In-Depth Information!

Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Increasing from USD 11.68 billion in 2023, FMI predicts that the global submersible pump market could reach USD 19.39 billion by 2033. Between 2023 and 2033, submersible pump sales are expected to register a 5.2% CAGR.

The key drivers of the expansion of the submersible pump market worldwide are the population boom of the globe and the rise in residential housing. Growing water constraints impact the water system installation, which in turn fuels market expansion.

The market is being driven by factors like increased infrastructure investment and quick industrialization. Submersible pumps are becoming more widely used as manufacturers search for dependable and affordable fluid lifting choices in all production settings.

In the upcoming years, it is projected that businesses may benefit greatly from the development of strong goods that can lift big amounts of fluid. Given the growing need for electricity throughout the world, pumps have become an essential component of power plants.

Deepwater exploration activity expansion and an increase in subsea operations are two variables that are anticipated to provide this industry with a wealth of growth prospects. The improvement of drinking water infrastructure in both urban and rural areas is a top priority for many governments in growing countries. Due to this, there has been an increase in the exploration of water resources, which is anticipated to increase demand for submersible pumps with increased capacity and efficiency for home and agricultural usage.

As maximum places on earth still don’t have access to the fundamental convenience of flowing water, desalinization programs are also anticipated to aid in the usage of submersible pumps. Consequently, throughout the forecast period, these factors are anticipated to fuel the expansion of the global submersible pump market.

Distributors sell the bulk of small and medium-sized submersible pumps. End users or consumers are more likely to choose distributors of submersible pumps that offer engineering expertise, after-sales services, and end-to-end solutions to satisfy their unique needs. Maximum global players use the strategy of growing tie-ups with local and regional distributors to build local networks.

Submersible pump demand is still widely influenced by rising energy costs. Solar-powered submersible pumps are being adopted by more and more sectors because they provide considerable operational cost advantages. Pump motors make up about 15% of the total energy used by submersible pumps globally.

The development of comparatively small and effective submersible pumps is made possible by micro disc pumping technology. Compact and energy-efficient pumps are anticipated to have substantial growth in demand in the coming years as a result of the growing trend toward size reduction.

China and India are the two countries that contribute significantly to the Asia Pacific region, which holds the maximum market share for submersible pumps worldwide. These nations are experiencing a surge in industrial activity, which is driving up demand for products like chemicals and crude oil, among other things. The capacity for processing crude oil in the Asia Pacific region is anticipated to increase significantly thanks to China. By 2025, the nation is anticipated to contribute significantly to the region’s overall refining growth capacity. This is likely to increase the need for submersible pumps in the region.

Key Takeaways:

• The market in the United States has grown significantly in 2022 holding a 13.8% share of the global market.
• The market in China is expected to record a CAGR of 5.3% over the forecast period.
• The market in the United Kingdom is anticipated to thrive at a CAGR of 4.6% through 2033.
• With a CAGR of 6.7% over the forecast period, India is predicted to grow rapidly in the market.
• Germany accounted for 4.7% of the global market in 2022.

Competitive Landscape:

The top manufacturers of the submersible pump market are Wacker Neuson Group, KSB SE & Co. KGaA, Xylem Inc., Ebara Corporation, Grundfos, Sulzer AG, Shimge Pump Industry Group Co., Ltd., The Weir Group PLC, Tsurumi Manufacturing Co., Ltd., Kirloskar Brothers Ltd., Flowserve Corporation, WILO SE, PSG (Dover Corporation), Gorman-Rupp Company, Ruhrpumpen Group, Shakti Pumps (India) Ltd., Speak Pumpen Walter Speck GmbH & Co. KG, Zhejiang DOYIN Technology Co. Ltd, Pleuger Industries, and others.

Product innovation as well as opportunistic mergers and acquisitions have transformed the competitive environment of the submersible pump market. Leading companies prioritize capacity enhancements and a global footprint to take advantage of lucrative prospects in growing markets.

Recent Developments:

The NEO Series 4-in of borewell submersible pumps was introduced by Kirloskar Brothers Limited (KBL) in September 2021. These pumps are intended for rural, home, and community water supply sectors, including the agricultural, building, and construction industries.

A wide selection of premium electric submersible pumps that were created especially for sludge, drainage, and slurry pumping applications was released by Atlas Copco in January 2019. The pumps aid in reducing overheating, abrupt power loss, human inaccuracies, and product failure.

Submersible Pumps Market by Category:

By Product Type:

• Non-clog Submersible
• Open Well Submersible
• Bore Well Submersible

By Head Type:

• Below 50 m
• 50 m- 100 m
• Above 100 m

By Application:

• Agriculture
• Industrial
• Municipal

By Region:

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

Browse More for Detailed Business Insights:

Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The agricultural equipment market is forecast to experience a growth of 4.2% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 171.4 million in 2033.

The agriculture industry is expanding fast in the upcoming years, driven by the surging global population, which is expected to keep the demand for food high. As a result, agricultural manufacturers and farmers are selecting the Internet of Things (IoT) for improved yield from agriculture, propelling the worldwide economy.

The United States Organization reported that the world’s population is expected to attain 9.7 billion by 2050. Thus, global agricultural production is expected to expand by about 69% from 2010 to 2050.

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The market is further catalyzed by the shortage of human workforce and surging expenses on the maintenance of cattle on job sites in several countries. This has motivated customers to take advantage of modernized equipment in farming applications.

Farmers have commenced installing high-tech agricultural and farming technologies to boost efficiency and productivity in their fields. For example, several farmland operators have begun using equipment outfitted with sensors that catch topography data via maps of resources and attaining soil nutrient measuring variables like the temperature of the acidity and soil. This feature of Industry 4.0 assists farmers in decoding the crop yield and overall farm productivity by farming the right crop appropriate with weather and soil nutrients.

Top Highlights from the FMI’s Analysis of the Agricultural Equipment Market:

• The United States agricultural equipment industry is expected to devote 26.3% to the global market in 2023. The growth rate of agricultural equipment businesses is expected to move upward due to the large volume of farming in the country. This propels farmers to seek equipment to expedite the farming process.
• German market is always a step ahead in innovation. Research and development efforts and government support for agricultural activities are expected to fuel the country’s growth. In 2023, FMI estimates that the German market is projected to gain 11.2% value share.
• Japan is expected to acquire a 7.5% market share in 2023. One of the striking features of Japan’s farmland is its scarcity, which is a by-product of its unique geology and geography. As a result, Japanese farmers require advanced agricultural equipment. Recently, a trend toward automated operation has been pushing the sales of smart farm equipment.
• Australia is expected to gain a 2.4% market share in 2023, suggesting manufacturers’ growing interest in exploring the country’s budding market.
• In the Asia Pacific region, China is assessed to register a CAGR of 4.2%, while India is expected to expand at a 4.1% CAGR.
• FMI speculates that the United Kingdom is anticipated to record a CAGR of 4% over the estimated period.
• Under the tempering technology category, the chemical treatment segment is expected to hold 45.2% in 2023.
• Based on end use, the solar application segment is projected to gain 18.8% market share in 2023.

Key Developments in the Market

• Yanmar America, a leading provider of compact and subcompact tractors, joined forces with Tarter Farm and Ranch Equipment in April 2023. This synergy aims to widen the scope of products by coupling it with an extensive range of high-quality tractor implements.
• Earlier in 2023, a Tennessee Dept of Agriculture representative introduced a tax waiver program for farm machinery to boost the accessibility of affordable and mechanized equipment for farmers.
• John Deere came into a joint venture with SurePointAg Systems manufacturer in March 2022. The latter company is expected to have access to Deere technologies to boost productivity throughout its product range.
• John Deere launched a new machinery, 6155MH Tractor, in August 2021. This product is expected to deliver all the field-proven reliability and performance of other M Series.
• New Holland Agriculture partnered strategically with the Agricultural Division of Alamo Group in April 2021. The latter company provides attachments and implements compatible with New Holland’s mid-range and compact tractors lineup.

Key Companies

• Bucher Industries AG
• AGCO Corp.
• Deere & Company
• EXEL Industries
• CLAAS KGaA mbH
• ISEKI & CO. LTD.
• CNH Industrial N.V.
• Krone UK Group
• Kubota Corporation
• LEMKEN GmbH & Co. KG
• Mahindra & Mahindra Ltd.
• Mitsubishi Mahindra Agricultural Machinery Co. Ltd
• SDF S.p.A.
• Tractor and Farm Equipment Limited (TAFE)

Key Segments 

By Product Type:

• Tractors
• Rotavators
  • Wheel Type
  • Crawler Type
• Threshers & Dehuskers
  • Wheel Type
  • Crawler Type
• Power Tillers
  • Wheel Type
  • Crawler Type
• Power Weeder
  • Wheel Type
  • Crawler Type
• Plough
• Baler
• Seed Drill

By Category:

• Tractor Pulled / Attachment
• Self-Propelled

By Ownership:

• Individual
• Rental

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

By 2023, the global pre-insulated pipe industry will be worth USD 6.1 billion. Over the forecast period, the value is expected to increase at a 5.7% CAGR. The sector is expected to grow from USD 6.4 billion in 2024 to USD 11.2 billion by 2034. The market is expected to expand by 6.3% year on year in 2024.

Several factors are driving this upward trend, including heightened adoption of pre-insulated pipes across various sectors. The market has already experienced notable growth, a trend expected to persist due to the escalating demand for modern district energy systems, ensuring a sustained and robust market growth trajectory.

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Growth Factors

Increasing global efforts and stringent regulatory measures aimed at reducing carbon emissions and promoting the construction of energy-efficient buildings.

Elevated focus on Research and Development endeavors geared towards enhancing the performance and durability of pre-insulated pipes.

Growing market demand for premium-grade products from emerging economies’ industries, driven by their pursuit of quality and efficiency.

Rapid advancements in technology, particularly in digitalization, connectivity, and the integration of Internet of Things (IoT) solutions within the pre-insulated pipe sector, fueling innovation and market growth.

Some of the leading companies

• Georg Fischer AG
• Uponor Corporation
• Watts Water Technologies
• LOGSTOR A/S
• Brugg Group Ag
• Polypipe Group PLC
• Vital Energi Utilities Limited
• Perma-Pipe International Holdings Inc.
• Elips – Empower Logstor
• KE KELIT
• Thermaflex International Holding b.v.
• Ecoline S.R.L.
• Aquatherm GmbH
• CPV LTD
• Insul-Pipe Systems
• Thermal Pipe Systems, Inc.
• IPL Pre-Insulated Pipes
• Unifix Plast Pvt. Ltd.
• ZECO Aircon Ltd.

Market By Segment

By Material Type:

• Metal & Alloys
• Polymers

By Pipe Configuration:

• Single Pipe
• Twin Pipe

By Installation:

• Below Ground
• Above Ground

By End User:

• District Heating and Cooling
• Oil & Gas
• Chemical
• Pharmaceutical
• Others

By Region:

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

About Future Market Insights (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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Future Market Insights (FMI) projects a strong year-over-year growth of over 5% in revenue for the global cardiac reader system market, with total sales approaching USD 1.5 billion in 2019. Benchtop analyzers, which make up more than 80% of total cardiac reader system sales, continue to dominate due to their robust functionality, though compact analyzers are gaining popularity for ease of use. Enzyme immunoassay analyzers are the leading choice, representing over 40% of demand, while chemiluminescence and magnetic immuno-chromatographic analyzers together contribute more than 45% to global sales. Hospitals, clinics, and diagnostic laboratories are primary users, with laboratories alone expected to account for over a quarter of total sales by the end of 2019.

Troponin Remains Preferred Biomarker
In around 2/5th of the cardiac reader systems sold, globally, troponin is the sought-after type of marker. According to the report, creatine kinase will also demonstrate high growth potential over other marker types in the cardiac reader system market. Troponin is highly sensitive and specific-in-action, which impart it superior diagnostic abilities over other conventional biomarkers. Except for highly sensitive cardiac injury, troponin barely shows false positive tests for the diagnosis of heart attack, angina pectoris, and myocardial infarction.
In line with the mounting demand for high-accuracy, time-efficient, and effective diagnostic outcomes, manufacturers of cardiac reader systems are focused on augmenting their R&D investments. According to the report, increase in R&D efforts will create a plethora of new growth opportunities for the cardiac reader system market. In addition, the notable increase in funds from PPPs (public-private partnerships) for R&D of novel cardiac biomarkers is cited as an important booster for demand growth of cardiac reader system.

Developing Markets Observing Hike in Sales
Demand for cardiac reader system in developed regional markets account for over half of the global demand, according to the study. Although the demand remains strong in the US, and thereby in North American region, the report envisages stronger growth prospects for the cardiac reader system market in Europe.

Moreover, FMI’s study points to visibly growing potential of developing regions, for the expansion of cardiac reader system market. Following Asia Pacific excluding Japan (APEJ), market in Latin America and Middle East and Africa (MEA) is also reflecting signs of healthy growth in forthcoming years.

Collaborations Trending in the Competitive Landscape

Some of the key vendors actively operating in the global cardiac reader system industry, include Radiometer Medical Aps, Creative Diagnostics, Boditech Med Inc., Mitsubishi Chemical Europe GmbH, and Quidel Corporation. According to FMI’s analysis, F. Hoffmann-La Roche Ltd., Beckman Coulter Inc., Siemens AG., and Abbott Laboratories are among the Tier 1 manufacturers of cardiac reader systems and account for a substantial revenue share in the global market.

Key manufacturers of cardiac reader systems are focusing on collaborations with universities and associations to develop their product portfolio. In March 2017, Abbott Laboratories had announced the collaboration with the Hennepin County Medical Center and the University of Minnesota, over the development of markers to be used in the guiding treatment.

CARDIAC READER SYSTEM MARKET TAXONOMY

The global Cardiac Reader System market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Modularity Type

• Benchtop Analyzers
• Compact Analyzers

Product Type

• Enzyme Immunoassay Analyzers
• Chemiluminiscenece Immunoassay Analyzers
• Magnetic Immuno-Chromatographic Assay Analyzers
• Immuno-Fluorescence Analyzers

Marker Type

• Troponin
• Creatine Kinase
• Myoglobin
• Others

End Use

• Hospitals and Clinics/li>
• Laboratories
• Ambulatory Surgical Centers
• Other End Use

Region

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

Report Preview: https://www.futuremarketinsights.com/reports/cardiac-reader-system-market

About Future Market Insights (FMI)       

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:    

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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