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Multihead Weighers Market Poised to Reach US$ 343.6 Million by 2033, Driven by Speed and Accuracy in Industrial Weighing

The global market for multihead weighers is experiencing steady growth, with an expected valuation of US$ 238.9 million in 2023, according to recent market analysis. Projections indicate further acceleration, albeit at a slow Compound Annual Growth Rate (CAGR) of 3.7%, reaching a valuation of US$ 343.6 million by 2033.

Overview of Multihead Weighers

Multihead weighers are renowned for their speed, accuracy, and reliability in industrial weighing applications. Initially developed in the 1970s by the Japanese multinational company Ishida, these machines were primarily used for weighing specific vegetables. However, over time, their applications expanded to include a wide range of products, particularly in the packing industry.

Market Dynamics

The top three countries are anticipated to dominate 35 to 40% of the global market for multihead weighers in 2023. The surge in demand is attributed to the versatility and efficiency of these machines, which are capable of quickly weighing and packing various products, both food and non-food items.

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Expansion into the Chemical and Pharmaceutical Industry

The expansion of the chemical and pharmaceutical industry is expected to significantly boost the demand for multihead weighers. With the rising geriatric population and the global expansion of the pharmaceutical sector, there is an increased demand for healthcare supplements and medicines. Multihead weighers play a crucial role in ensuring the accuracy and efficiency of medication production processes.

Moreover, the adoption of multihead weighers allows manufacturers to enhance productivity and profitability by eliminating manual errors and reducing wastage. These machines enable manufacturers to meet the rising global demand for chemical products and medicines while ensuring precise proportions of ingredients and reducing costs.

Key Takeaways:

From 2013 to 2022, the market for multihead weighers was observed to experience a sluggish 3% CAGR.
In 2023, FMI expects Germany market for multihead weighers to hold a share of 27% in Europe.
Between 2023 and 2033, sales in the United States multihead weighers industry is anticipated to create incremental US$ 61.6 million
The rotary machine segment it expected to expand 5x of its present industry share between 2023 and 2033.
The food segment is likely to account for 90% of the market’s share from 2023 to 2033.

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Growth Drivers:

Increased Demand for Efficiency: The growing need for enhanced operational efficiency in the food and packaging industries is a significant driver for the multihead weighers market. These systems offer rapid and accurate weighing, reducing production time and costs.
Expanding Food and Beverage Industry: The continuous expansion of the global food and beverage industry fuels the demand for advanced weighing solutions. Multihead weighers cater to the diverse needs of this sector, handling various products with speed and precision.
Automation and Industry 4.0 Integration: As manufacturing processes become increasingly automated, the integration of multihead weighers into Industry 4.0 setups is a key growth driver. These weighers seamlessly connect with other smart technologies, providing a more streamlined and connected production environment.
Focus on Hygiene and Compliance: Stringent regulations and a growing emphasis on hygiene and product safety drive the adoption of multihead weighers. These machines are designed with features that comply with industry standards, ensuring the integrity of the final product.
Globalization of Supply Chains: The globalization of supply chains necessitates efficient and adaptable packaging solutions. Multihead weighers enable companies to meet the demands of diverse markets by accommodating a wide range of products and packaging formats, driving market growth.

Market Innovations:

AI and Machine Learning Integration: Innovations in multihead weighers include the incorporation of artificial intelligence (AI) and machine learning algorithms. These technologies optimize weighing processes by learning and adapting to product variations, enhancing accuracy over time.
Smart Sensing Technology: Advanced sensors and vision systems are integrated into modern multihead weighers, allowing for precise detection and handling of different products. This innovation enhances the adaptability of these systems to handle diverse items efficiently.
Hybrid Weighing Systems: Innovations in multihead weighers include the development of hybrid systems that combine the strengths of different weighing technologies. This allows for increased flexibility and accuracy in handling a variety of products in a single machine.
Data Analytics for Performance Optimization: The integration of data analytics tools enables real-time monitoring and analysis of multihead weigher performance. Manufacturers can use this data to identify bottlenecks, improve efficiency, and make informed decisions for process optimization.
Remote Monitoring and Control: With advancements in connectivity and IoT (Internet of Things) technologies, modern multihead weighers offer remote monitoring and control capabilities. This innovation allows operators to manage and troubleshoot machines from a distance, improving overall operational efficiency.

Key Players

IMA Group,
ISHIDA CO., LTD.,
Marel Food Systems,
Scanvaegt Systems A/S,
Duravant LLC,
MULTIPOND Wägetechnik GmbH,
Yamato Scale Co., Ltd.,
multiweigh GmbH,
Dm Packaging Group S.r.l,
RADPAK,
PFM Group,

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Multihead Weighers Industry

By Number of Heads:

Up to 10 Heads
11 Heads to 15 Heads
16 Heads to 20 Heads
More than 20 Heads

By Machine Output:

Up to 70 PPM
71 PPM to 140 PPM
141 PPM to 210 PPM
More than 210 PPM

By Maximum Weight Measurement:

Up to 1000 Grams
1001 Grams to 2500 Grams
2501 Grams to 5000 Grams
More than 5000 Grams

By Machine Type:

Rotary Machine
Linear Machine

By End-Use:

Food
- Snacks Food
- Meat, Poultry, and Frozen Food
- Ready-to-eat Meals
- Fresh Produce & Salads
- Dairy Products
- Bakery & Confectionary
- Cereals & Grains
- Others (Pet Food, etc.)
Chemical
Pharmaceutical
Other Industrial

By Region:

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

Conclusion

The global multihead weighers market is poised for continued growth, driven by the expansion of industries such as pharmaceuticals and chemicals. As manufacturers prioritize efficiency and accuracy in production processes, the demand for multihead weighers is expected to rise steadily in the coming years.

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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.

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Fiber-Reinforced Gummed Tapes Drive Market Surge, Sales Set to Double by 2031 with 6.2% CAGR

The global gummed tapes market is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 6.2% during the assessment period from 2021 to 2031. According to a new forecast by Future Market Insights (FMI), sales of gummed tapes are anticipated to nearly double between 2021 and 2031.

Market Dynamics

The gummed tapes market dynamics are influenced by various industry factors and specific influences such as light packaging pressure-sensitive tapes being cheaper compared to paper gummed tapes. The increasing demand for enhanced sealing and strong adhering properties, as compared to traditional gluing tapes, is driving the surge in gummed tapes sales.

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Comparison Analysis

According to FMI’s study, the gummed tapes market is expected to grow at a CAGR of approximately 6.2% from 2021 to 2031, compared to a 5% CAGR registered from 2015 to 2020. This significant increase underscores the growing preference for gummed tapes in various packaging applications.

Product Type Analysis

In terms of product type, brown gummed tapes are projected to dominate the market share. The high strength and eco-friendly nature of brown gummed tapes, made with plant-based adhesives and recyclable kraft paper, contribute to their increasing sales. These tapes can be easily recycled along with paper and corrugated boxes, making them a sustainable choice for packaging solutions.

Key Takeaways:

By backing material, the fibre reinforced tape is expected to hold around 90% of the market by 2031.
Brown gummed tapes segment is forecast to hold maximum share in the global market registering 6% CAGR during the assessment period.
In terms of adhesives, the starch adhesives is projected to expand by 2x over the next decade.
Based on application, the splicing segment is poised to expand at a CAGR of 7.5% by 2031, registering year-on-year growth by 8% during 2025-2027.
By end use, shipping & logistics, food & beverages segment and electrical & electronics segment are anticipated to, collectively, hold around 40% of the market share.
North America, Europe, and East Asia are projected to hold approximately 65% of the market share by the end of 2031.

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Growth Drivers in the Gummed Tapes Industry:

E-commerce Boom: The surge in online shopping and e-commerce activities is a significant driver for the gummed tapes market. As businesses strive to enhance packaging efficiency, gummed tapes offer a secure and tamper-evident solution, contributing to their increased demand.
Sustainable Packaging: With a growing emphasis on sustainability, gummed tapes, often made from recyclable materials, appeal to environmentally conscious consumers and businesses. The shift towards eco-friendly packaging solutions is a strong driver for the gummed tapes market.
Industrial Applications: Gummed tapes find extensive use in various industries, including manufacturing and logistics, due to their high adhesion properties and durability. As industrial activities continue to expand, the demand for reliable and robust packaging solutions like gummed tapes is expected to rise.
Customization and Branding: The ability of gummed tapes to offer customization options, including branding and printing capabilities, is driving their adoption among businesses looking to enhance their packaging aesthetics and brand visibility.
Stringent Regulations: Increasing regulations regarding packaging materials and the need for secure, tamper-evident packaging in industries such as pharmaceuticals and food are propelling the demand for gummed tapes. Compliance with these regulations is a key growth driver for manufacturers in the gummed tapes market.

Industry Trends:

Technological Advancements: The gummed tapes market is witnessing technological advancements, such as innovations in adhesive formulations and application techniques. These advancements aim to improve the overall performance, durability, and usability of gummed tapes in various packaging scenarios.
Rise of Biodegradable Options: The industry is experiencing a trend towards the development and adoption of biodegradable gummed tapes. As the global focus on sustainability intensifies, manufacturers are exploring and introducing eco-friendly alternatives to meet market demands.
E-commerce Packaging Standardization: With the increasing dominance of e-commerce, there is a trend towards standardization of packaging materials. Gummed tapes are becoming a preferred choice for standardized packaging due to their reliability, cost-effectiveness, and ease of use in automated packaging systems.
Growing Popularity of Reinforced Gummed Tapes: The demand for reinforced gummed tapes, equipped with additional strength through fiberglass or other materials, is on the rise. This trend is particularly noticeable in industries requiring heavy-duty and secure packaging solutions, such as the transportation of goods over long distances.
Global Supply Chain Challenges: The gummed tapes market is affected by global supply chain challenges, including fluctuations in raw material prices and transportation disruptions. Industry players are adapting to these trends by implementing strategic sourcing practices and exploring regional manufacturing options to ensure a stable supply chain.

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Gummed Tapes Market by Category

By Backing Material:

Paper Gummed Tapes
Fiber Reinforced Gummed Tapes

By Product Type:

White Gummed Tapes
Brown Gummed Tapes

By Adhesive Type:

Starch Adhesives
Other Adhesives

By Application:

Box & Carton Sealing
Splicing
Others

By End Use:

Shipping & Logistics
Building & Construction
Food & Beverages
Electrical & Electronics

Author:

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.

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Nandini Singh Sawlani

Interactive Whiteboards Market Surges Past US$ 400 Million Mark Amidst Rising E-Learning Trends

The interactive whiteboard market is expected to positively impact by the ongoing covid-19 outbreak. Lockdown measures have forced businesses to adopt work from home policies, and educational institutions have been forced to temporarily shutdown operations, or provide online education facilities. These factors will generate fairly lucrative opportunities for interactive whiteboard developers, aiding market developments throughout the crisis.

“Integration of cloud and artificial Intelligence technologies in new product offerings will aid adoption of interactive whiteboards. Such improvements enable remote users to take notes, translate data, and leverage real-time analytics boosting application in government and corporate settings for the foreseeable future,” says the FMI analyst.

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Interactive Whiteboard Market – Important Takeaways

Infrared technologies are finding increasing roles in interactive whiteboard products, owing to higher demand for multi-touch features in corporate and educational applications.
Portable interactive whiteboards are highly sought after, owing to independence from external support infrastructure.
Asia Pacific is witnessing a high growth rate in the adoption of interactive whiteboards driven by favorable government initiatives towards online education.

Interactive Whiteboard Market – Driving Factors

Rapid transition in education towards digital classrooms is a key factor propelling the demand for interactive whiteboards.
Major investments into information and learning technology for education and corporate training applications support adoption.

Interactive whiteboard Market – Leading Constraints

Growing adoption of tablets and smartphones are limiting the requirement for interactive whiteboards.
Lack of workers with requisite skills is a major challenge to market players in development and production operations.

Expected Impact on Market by Coronavirus Outbreak

The coronavirus pandemic has significantly increased the demand for interactive whiteboards as online education has become mainstream with lockdown measures in place around the world. Further, Corporate organizations, are making greater use of interactive whiteboards for employee training and business meeting applications as work-from-home operations have become common, in an effort to contain the contagion.

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Competition Landscape

Some of the top players taking part in the interactive whiteboard market are InFocus Corp., Xiamen Interactive Technology Co., Seiko Epson Corp., SMART Technologies ULC, BenQ, Promethean Ltd., ELMO Co. Ltd., Boxlight, Hitachi Interactive Solutions, Genee World Ltd., Ricoh, and Sharp Corp.

Market players are pushing for improvements to product functionality and performance, in addition to new product launches to expand product portfolio, and to optimize offerings according to consumer demand.

For instance, Ricoh launched a new interactive whiteboard with capabilities of handling over 150 remote participants simultaneously. BenQ has introduced EZWrite Live interactive whiteboard system enabling seamless transition between visual and interactive sessions. Sharp Electronics Corp has launched 3 new budget, interactive whiteboards with 4K ultra-HD capabilities.

More on the Report

FMI provides in-depth insights on the interactive whiteboard solution market. The market is segmented in terms of solution (hardware, software, and collaborative tools), type (resistive, capacitive, electromagnetic, laser scan, ultrasound, and infrared), size (below 50 in, 50 to 79 in, 79 to 89 in, 89 to 99in, and above 99in), application (corporate, educational, and others) and operating system (Windows, mac OS, and others) across six regions (North America, Latin America, Europe, Southeast Asia & Pacific, East Asia, and Middle East and Africa).

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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:

Nandini Singh Sawlani

Innovative Strategies and Expanded Marketing Channels Propel Global IV Bag Industry Towards US$ 3.4 Billion by 2034

The global IV bag market is on a trajectory of substantial growth, with the market value estimated at US$ 1.9 billion in 2024, according to the latest industry analysis report. Key forces driving the demand for IV bags include the need for preventative measures against dose delivery errors and the demand for advanced IV containers.

Market Growth Projections

Analysts predict a moderate Compound Annual Growth Rate (CAGR) of 6.1% over the next decade, with the global IV bag industry expected to reach a valuation of US$ 3.4 billion by 2034. This growth is fueled by the adoption of new strategies by IV bag companies, emphasizing consumer marketing and expanding distribution channels.

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Market Trends & Analysis

IV bags, costing around US$ 1, provide a cost-effective alternative to infusion pumps, which can cost as much as US$ 2300. The affordability and accessibility of IV bags have made them the preferred choice for parenteral packaging solutions globally. Limited capacity in procuring infusion pumps in many countries has further strengthened the demand for IV bags.

The need for blood storage also drives demand for IV bags, as they play a critical role in saving lives during emergencies. With the increasing penetration of medical facilities in underdeveloped areas, the demand for medical fluid bags and IV bags is expected to rise significantly.

Historical Analysis vs. Forecast Outlook

The global empty IV bag market was valued at US$ 1.5 billion in 2019, with IV bag sales increasing by an average of 5% per year between 2019 and 2023. Despite challenges posed by the COVID-19 pandemic, the IV bag industry has demonstrated resilience, leveraging disruptive developments to build portfolios and strengthen brands.

Business Growth Opportunities:

Innovation in Material Science : Developing IV bags with advanced materials that enhance durability, reduce leaching, and improve compatibility with various medications can open new avenues for growth.
Customization and Personalization : Offering customizable IV bags to meet the specific needs of patients and healthcare facilities can be a lucrative growth opportunity, catering to individual preferences and medical requirements.
Expansion into Emerging Markets : Penetrating emerging markets with affordable and accessible IV bag solutions can significantly expand the customer base and drive growth in regions with increasing healthcare demands.
Technological Integration : Integrating technology such as smart sensors and tracking systems into IV bags to monitor medication administration, dosage, and patient response can enhance safety and efficiency, creating new growth opportunities.
Focus on Sustainability : Developing eco-friendly and sustainable IV bag options by utilizing biodegradable materials or implementing recycling programs can appeal to environmentally conscious consumers and drive growth through ethical practices.

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Upcoming Trends in the IV Bag Industry:

Shift Towards Non-PVC Materials : With growing concerns about phthalate exposure and environmental impact, there is a notable trend towards using non-PVC materials for IV bags, such as polypropylene and polyethylene, which offer safer and more eco-friendly alternatives.
Rise in Home Infusion Therapy : The increasing preference for home-based healthcare services is driving the demand for IV bags suitable for home infusion therapy, creating opportunities for manufacturers to develop user-friendly and portable solutions tailored for this market segment.
Focus on Patient Safety and Infection Control : Heightened awareness of healthcare-associated infections (HAIs) and the importance of patient safety is driving the adoption of IV bags with enhanced infection control features, such as antimicrobial coatings and barrier technologies, to minimize the risk of contamination during medication administration.
Integration of Drug Delivery Systems : The integration of drug delivery systems directly into IV bags, such as elastomeric pumps and electronic infusion devices, streamlines medication administration and enhances precision dosing, reflecting a growing trend towards integrated solutions in the IV therapy market.
Expansion of Biologic and Cell Therapy Applications : The increasing utilization of biologic drugs and cell therapies in healthcare presents opportunities for specialized IV bag solutions capable of accommodating complex formulations and delicate biological materials, catering to the evolving needs of the pharmaceutical and biotechnology industries.

Key Players:

Some key players in the IV bag market are Mountainside Medical Equipment, Kraton Performance Polymers Inc., Renolit, Angiplast Pvt. Ltd, Medline Industries, Inc., Baxter, Sippex IV bag, Wipak Group Management, B. Braun Medical Inc., ICU Medical, Inc., Guangdong Lejin Medicine Co., Ltd, Fresenius Kabi Group.

Regional Analysis:

The IV bag market presents dynamic trends across various regions, each driven by unique factors shaping demand and growth. In the United States, a proactive adoption of leading-edge technologies by market players is propelling the industry forward, with a projected CAGR of 4.1%. This growth is further fueled by an increasing incidence of chronic diseases and an aging population, necessitating intravenous treatments and IV bag usage.

Similarly, the United Kingdom is experiencing a surge in IV bag demand, especially with the extension of home healthcare services and the shift towards eco-friendly materials. Chinese manufacturers are leveraging robust export opportunities, driven by the demand for IV bags in hospitals and the expanding healthcare infrastructure in Asia, Africa, and the Middle East.

Meanwhile, Germany remains a favorable hub for European IV bag manufacturers, with a steady CAGR of 4%, while India emerges as a lucrative market with a projected annual growth rate of 7.6%. Economic development and investments in healthcare infrastructure contribute to India’s burgeoning IV bag market, reflecting a broader trend of rising demand for medical supplies in developing regions.

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Market Segmentation:

Based on the type of material used,

PVC
Ethylene vinyl acetate
Polypropylene
Copolyester ether

Based on the type of end use,

To correct electrolyte imbalances
To deliver medications
Blood transfusions
Blood Storage

Based on the size,

0 – 250 ml
250 – 500 ml
500 – 1000 ml

Regionally global IV bag market is segmented into

North America
Latin America
Eastern Europe
Western Europe
Asia-Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

Author

About Future Market Insights (FMI)

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Booming Demand in Food and Medical Sectors Drives the Global Vacuum Sealing Machine Market to Cross US$ 1.6 Billion by 2032

The global vacuum sealing machine market is poised for remarkable expansion, projected to soar from US$ 1021.2 million in 2022 to US$ 1636.4 million by 2032, marking a notable Compound Annual Growth Rate (CAGR) of 4.8% over the forecast period.

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Key Market Drivers

Increased Demand Across Industries: The demand for vacuum sealing machines has surged across various sectors, including the food industry, medical sector, and other applications, owing to their ease of use and high efficiency.
Preservation of Freshness and Flavour: Vacuum sealing machines play a crucial role in preserving the freshness and flavour of food products by removing air from the packaging, thereby extending shelf life and maintaining product quality.
Rising Demand for Packaged Food: With a growing preference for packaged food and beverages worldwide, the need for extended shelf life has become a significant concern for manufacturers, leading to increased adoption of vacuum sealing machines, especially in Modified Atmosphere Packaging (MAP).
Innovations and Advancements: Market players have introduced advanced vacuum sealing machines with features like customizable vacuum percentage and duration, catering to both residential and commercial applications and driving market expansion.

Challenges Ahead

Despite the promising outlook, the vacuum sealing machine market faces certain challenges:

High Overheads: Mounting overhead costs associated with setup and operation may impede market growth, particularly in certain regions.
Manufacturing Costs: The high manufacturing cost of foils and packets used in packaging processes poses a barrier to adoption among Small and Medium Enterprises (SMEs), limiting market expansion.

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Industry Trends:

Smart and Connected Appliances:
- The integration of smart and connected features in vacuum sealing machines is a prominent trend. These appliances can be controlled remotely via smartphones or other devices, offering users greater convenience and control over the food preservation process.
Eco-friendly Packaging Solutions:
- A growing emphasis on environmental sustainability has led to a trend in the development of eco-friendly packaging solutions. Manufacturers are exploring materials that are recyclable and biodegradable, aligning with the broader movement toward greener practices.
Compact and Portable Designs:
- There is a rising trend towards compact and portable vacuum sealing machines, catering to the needs of consumers with limited kitchen space or those who desire on-the-go food preservation options. Portable models are gaining popularity for outdoor activities and travel.
Increased Customization and Versatility:
- Consumers are seeking vacuum sealing machines that offer a high degree of customization and versatility. Manufacturers are responding by introducing machines with adjustable settings, various vacuum levels, and compatibility with different types of bags, providing users with greater flexibility.
Focus on Hygiene and Food Safety:
- With a heightened awareness of hygiene and food safety, vacuum sealing machines are incorporating features that ensure airtight seals and prevent contamination. This trend is particularly notable in the commercial sector, where maintaining food quality and safety standards is paramount.

Key Players

Crown Holdings, Inc.
Wenzhou Huaqiao Packing Machine Factory
AMAC Technologies
ULMA Packaging Limited
John Bean Technologies Corporation Limited
Electrolux Professional Limited
Henkelman Vacuum
Henkovac International B.V.
Promarksvac Corporation Limited
Nutri Chef Kitchen, LLC
Metos Oy Ab
Astrapac Midlands Limited
Multivac Inc.

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Key Segments Market Survey:

By Product Type:

External Vacuum Sealers
Chamber Vacuum Machines
Tray Sealing Machines
Others

By Packaging Type:

Rigid
Semi-Rigid
Flexible

By End-Use Industries:

Consumer Goods
Automotive
Food & Beverages
Personal Care & Cosmetics
Commercial
Domestic
Others

By Automation:

Manual
Semi-Automatic
Fully Automatic

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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:

Nandini Singh Sawlani

Fuel the Cycling Revolution: The US$ 28.3 Billion Bicycle Components Aftermarket Offers Lucrative Opportunities

The Bicycle Components Aftermarket in 2022 was US$ 14 Billion and is estimated to be US$ 14.62 Billion in 2023. According to FMI analysis, the bicycle components aftermarket is projected to expand at a CAGR of 6.9% between 2023 and 2033, totaling around US$ 28.3 Billion by 2033.

The surge in demand for bicycle components aftermarket has been seen amid the worsening conditions of automobile traffic, leading to high gasoline prices, and disturbing pollution concerns. Further, the global bicycle components aftermarket has been characterized by the corresponding concentration of production in a few countries leading to the correspondence of dispersion in the global demand.

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Growth in fitness consciousness among people directly raises energy and oil prices, with the rise in vehicles cited acts a key factor favoring the growth of the bicycle components aftermarket.

Rapid growth in the development of cycling and e-bike infrastructures with the implementation of bike-sharing programs in metropolitan and mid-sized cities creates a favorable environment for the development of the bicycle components aftermarket, as per FMI’s analysis.

Key Takeaways from this study are:

The Anticipated value of the global bicycle components aftermarket reached a valuation of US$ 13.5 billion in 2021.
Sales in the bicycle components aftermarket are anticipated to expand by 8.7 X times from 2023 to 2033.
The United States holds a market share of 35.6% in the global bicycle components aftermarket.
North America’s bicycle components aftermarket has a market value of 40.2%.
China is one of the significantly growing markets for bicycle components, holding around 2/3rd of East Asia bicycle components aftermarket.
Based on component type, demand for road groupsets is expanding at a 7.2% CAGR over the assessment period.
Based on bicycle type, the electric bicycle segment is expected to capture a market share of 62%.

“Increase in the demand for bicycles are the key opportunity for bicycle components aftermarket manufacturers,” – comments an analyst at Future Market Insights (FMI).

Competition Landscape:

The global bicycle components aftermarket players are attempting to carve out a niche for a particular demographic. Also, some leading and middle-scale manufacturers are focusing on product innovation and high-end technology development in the market to gain a competitive edge.

Some of the prominent players profiled in the Bicycle Components Aftermarket market are:

Dorel Industries, Inc.
Accell Group N.V.
Shimano Inc.
SRAM LLC
Hero Cycles Limited
Campagnolo S.R.L.
Merida Industry Co. Ltd.
Specialized Bicycle Components
Rohloff AG
Giant Manufacturing Co. Ltd.
Avon Cycles Ltd.

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Key developments in the Bicycle Components Aftermarket:

In January 2023, Shimano Announces New Fishing Reels for 2023. Shimano North America Fishing, a legendary innovator in the fishing tackle industry, has announced new additions to its deep lineup of quality reels. These three new offerings will provide extensive value to a wide spectrum of anglers from saltwater bottom fishermen, tournament-savvy bass enthusiasts, and devoted swimbait experts.
In May 2023, Kinaxis® Inc., the authority in driving agility for fast, confident decision-making in an unpredictable world, announced that Accell Group has deployed Kinaxis’ RapidResponse® platform, digitally transforming its supply chain, providing solutions to supply chain complexities.

Key Segments Covered are:

By Component Type:

Derailleurs
Road Groupsets
Suspensions
Wheel Sets
Brakes
- Hydraulic
- Mechanical

Caliper Type
Gears
Others (Bottom Brackets etc.)

By Sales Channel:

Specialty Bicycle Retailers
Discount Stores
Department Stores
Full-line Sporting Goods Stores
Outdoor Specialty Stores
Other Sales Channel

By Bicycle Type:

Mountain Bike
Hybrid/Cross
Road
Comfort
Youth
Cruiser
Recumbent/Tandem
Electric
Folding

By Region:

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

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.

About Future Market Insights (FMI)

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

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Automotive Garage Equipment Market to Reach US$63.1 Billion by 2033

The global automotive garage equipment market in 2022 was US$ 24.4 billion and is estimated to be US$ 26.8 billion in 2023. Future Market Insights has mentioned in its reports that the Automotive Garage Equipment Market is predicted to expand at a CAGR of 8.94% between 2023 and 2033, totalling around US$ 63.1 billion by 2033.

Key Takeaways from the Market Study

The global automotive garage equipment market expanded at a CAGR of 7.12% between 2017 and 2022.
Demand for automotive garage equipment is projected to increase at a 4.3% CAGR, in comparison with the 3.7% CAGR registered between 2018 and 2022.
The United States is home to a large automotive industry holding a significant part with a value share of 31.2%.
North America’s automotive garage market is expected to account for 36.9% of the total market share.

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China is expected to set to account for 40.3% of the global market share.
Japan holds a market share of 16.9%.
Introduction of new franchisee garages in India is expected to boost the market in the forthcoming years with a CAGR of 7.15%.
Increasing sales of two-wheelers such as mopeds, motorbikes, and scooters in the country are expected to boost the market in Australia at a CAGR of 6%.
Europe’s automotive garage equipment market is forecasted to account for 54.1% of the total market share, notably driven by increasing sales of luxury vehicles.
Two-wheeler mobility solutions in the United Kingdom at a CAGR of 7.92%.
Refurbishment of old garages is likely to drive sales of garage lift systems.
Sales of lifting equipment are expected to remain high over the assessment period with a market share of 44%.
Servicing premium cars are estimated to boost demand for independent garages for car workshops.
Inexpensive labor costs and the growing availability of premium car servicing equipment might drive sales with a market share of 33.2%.
Increasing repair services for passenger vehicles is expected to boost sales of light vehicles.
Sales in the light vehicles segment are projected to increase over the forthcoming years with a market share of 23.1%.

High demand for electric and hybrid passenger vehicles across the globe acts as one of the major drivers of the automotive garage equipment market”, comments a Future Market Insights Analyst.

Key Innovation of the Market Players in the Market

In June 2023, ISTOBAL showcased its new M’WASH3 PRO rollover at Autozum 2023, the leading Austrian trade show for the car wash, service station, and dealership industry, held at Messezentrum Salzburg (Stand 09-0200).

The company is exhibiting for the first time at a show and on the international market. This innovative high-end equipment is aimed at increasing profitability in carwashes and improving the user experience through efficient and connected technology.

Some of the prominent players in the global market are-

MAHA Maschinenbau Haldenwang Gmbh & Co. KG
Snap-on Incorporated
Robert Bosch GmbH
Continental AG
Forward Lift Company (Dover Corporation)
VisiCon Automatisierungstechnik GmbH
Standard Tools and Equipment Co.
Symach Srl
Nussbaum Automotive Solutions
SAMVIT GARAGE EQUIPMENT

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Automotive Garage Equipment Market Segmentation

By Vehicle:

2 Wheelers
Light Vehicles
Heavy Vehicles

By Equipment:

Lifting Equipment
Body Shop Equipment
Wheel & Tire Alignment
Vehicle Diagnostics & Testing
Washing Equipment
Other Tools

By Garage:

OEM
Franchisee Garages
Independent Garages

By Region:

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

Author

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Middle East LED & OLED Lighting Market Surges with 17.8% CAGR in Solar Segment – Consumer TV Emerges as Dominant Player by 2025

The global market for LED and OLED lighting products and displays has grown significantly in recent years due to the increasing popularity of LED lighting solutions across a variety of end-use sectors. LED lights, often known as light-emitting diode products, are now considered a leading edge kind of semiconductor illumination. These devices are widely utilised in a wide range of sectors, including automotive lighting, general illumination, and backlighting.

LED lighting is becoming more and more common in commercial, residential, and industrial buildings as well as outdoor areas. Because LED technology offers so many advantages over traditional lighting sources, its use has grown extremely ubiquitous.

Key features such as an extended lifespan, exceptional energy efficiency, environmental friendliness, high durability, minimal heat generation, and compact size have positioned LED lights as the go-to choice for modern lighting needs.

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Key Takeaways:

The global LED and OLED Lighting Products and Displays Market is experiencing robust growth, driven by environmental concerns and energy efficiency demands.
LED technology’s superior features, such as longevity and energy efficiency, are accelerating the shift away from traditional lighting solutions.
Asia-Pacific leads in LED production and consumption, while North America and Europe are key markets driven by regulatory measures.
Smart lighting solutions and IoT integration offer promising growth opportunities in the market.
High initial costs and competitive pricing are the primary restraints in the industry.

Drivers and Opportunities:

The LED and OLED Lighting Products and Displays Market is poised for continued growth, with several driving factors fueling its expansion. Firstly, the growing environmental consciousness among consumers and businesses alike has spurred the demand for energy-efficient lighting solutions, aligning perfectly with LED technology’s capabilities.

Furthermore, regulatory initiatives worldwide aimed at phasing out energy-inefficient lighting sources have created a conducive environment for LED adoption. In addition to environmental benefits, cost savings over the long run have also contributed to the widespread adoption of LED lighting in both residential and commercial sectors.

Opportunities in this market are abundant, especially in the realm of smart lighting solutions, where LED technology plays a pivotal role. The integration of LEDs with IoT (Internet of Things) platforms enables remote control, customization, and energy management, further boosting the market’s potential for growth.

Competitive Landscape – Regional Trends:

The competitive landscape of the LED and OLED Lighting Products and Displays Market is dynamic and regionally diverse. Asia-Pacific has emerged as a prominent hub for LED manufacturing, with China and South Korea leading the way. These countries are not only major producers but also consumers of LED products, driven by the region’s rapid industrialization and urbanization.

In North America and Europe, stringent regulations and energy conservation efforts have fueled the adoption of LED lighting solutions. Additionally, the development of OLED displays for various applications, including smartphones and televisions, has expanded the market’s horizons.

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Restraints:

Despite the promising growth, the market faces certain restraints. High initial costs, especially for advanced LED solutions and OLED displays, can deter widespread adoption, particularly in emerging economies. Additionally, the market’s competitive nature has led to price wars, impacting the profit margins of manufacturers.

Region-wise Insights – Category-wise Insights:

Regionally, Asia-Pacific dominates the LED and OLED Lighting Products and Displays Market, while North America and Europe also hold significant market shares. In terms of product categories, LED lighting solutions continue to dominate the market, with OLED displays gaining traction in consumer electronics.

Key Segment

LED & OLED Lighting Products:

By Product Type
Solar
Conventional
Linear and Strips
Lamps and Bulbs
By End Use
Residential
Commercial

Key Regions/Countries Covered:

GCC
UAE
KSA
Qatar
Oman
Bahrain
Kuwait
Levant
Turkey
Israel
Egypt
Jordan
Lebanon
Syria
Iraq
Palestine
Cyprus

LED & OLED Display Market:

By Product Type
Mobile display
AMOLED
OLED
LCD
Consumer TV display
LCD
Plasma
LED
OLED
AMOLED
Outdoor LED display
LED Billboards
Perimeter LED Boards
LED Mobile Panels
LED Traffic Lights
LED Video Walls

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Author:

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:

Nandini Singh Sawlani

Electronics Accessories Market to Experience Robust Growth at 5.4% CAGR in Value and 6.5% in Volume, Reveals Latest Forecast

The most recent study on the Middle East electronics accessories market, “Electronics Accessories Market: Middle East Industry Analysis and Opportunity Assessment, 2015 –2025,” from Future Market Insights (FMI), provides important information. The Middle East market for electronics accessories is expected to grow at a healthy rate of 5.4% in terms of value over the course of the forecast period. FMI provides important details about these aspects in this study.

In addition, it is anticipated that over the course of the forecast period, the Middle Eastern electronics accessories market will grow at a CAGR of 6.5% in terms of volume. Middle Eastern players are creating niche items like earphones and headphones as well as attractively designed electronics.

Demand for earbuds and headphones that offer superior noise cancellation is expected to significantly rise among the increasing number of audiophiles in the regions in the near future.

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The Middle East electronics accessories market is segmented on the basis of product type, end use, price range, distribution channel and region. On the basis of product type, the market has been segmented into mobile phone accessories, computer accessories and automotive infotainment accessories. In terms of value, the mobile phone accessories segment has been estimated to account for 62.7% share of the Middle East electronics accessories market by 2015 end. Also, the automotive electronics segment in the region is witnessing a significant surge in its growth, and thereby is expected to record sustainable growth in the near future. High volume of car sales is, in turn, expected to further drive sales of automotive infotainment systems over the next five to six years in these regions.

Growth of the Middle East electronics accessories market is mainly driven by proliferation of connected devices, increasing disposable income of consumers in urban areas in GCC and growing Internet penetration, which in turn is leading to the rising preference of consumers towards online retail in these regions. Increasing adoption of mobile devices amongst the youth in the GCC region is providing significant stimulus for growth of the electronic accessories market in the region.

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This report covers trends driving each segment and offers analysis and insights on the potential of electronics accessories in all the countries covered under Middle East. In terms of revenue share contribution, GCC region has been estimated to dominate the electronics accessories market throughout the forecast period. This is primarily attributed to the large number of affluent consumers in the region, coupled with technological advancements, which in turn are leading towards increased demand for connected devices such as tablets and smartphones. In view of the increasing proliferation of these devices in Middle East market, demand for accessories such as headphones, power banks and others is expected to increase significantly over the next five to six years in these regions.

Key players in the Middle East electronics accessories market include Samsung Electronics Co. Ltd., Sony Corporation, Toshiba Corporation, Panasonic Corporation, Clarion Co., Ltd., Pioneer Corporation, LG Electronics Inc., Logitech international S.A., Astrum Holdings Limited and Intex Technologies India Ltd. A large number of players operating in the electronics accessories market are focused on entering into collaborations and partnerships with local distributors and retailers in order to enhance their market presence in the Middle East countries. Moreover, such collaborations and partnerships also enable the companies to increase their product visibility across the regions.

Key Segment

By Product Type

Mobile Phone Accessories
- Battery
- Charger
  - Wired
  - Wireless
Headphone and Earbud
- Wired
- Wireless
Computer Accessories
- Battery
- Power Adapter
- Speakers
- Others (Keyboard, Mouse and Microphone)
Automotive infotainment Accessories
- Dash Stereos
- Amplifiers
- Woofers
- Wires and Cables
- Speakers

By End Use

Residential
Commercial

By Distribution Channel

Multi-brand Store
Single-brand Store

By Price Range

Premium
Medium
Low

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Author:

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:

Nandini Singh Sawlani

Email Application Market Surges: Expected to Reach US$ 3.76 Billion by 2033

The primary use of the Email Application Market is email trading, but it also has a calendar, task manager, contact manager, note-taking, diary, and web surfing capabilities. These programs can also be used alone and in conjunction with certain exchange servers to support several users inside an enterprise. Exchange of public files, SharePoint lists, shared emails and calendars, and meeting plans may all be made easier by this.

Currently holding a dominant market position in the global email applications market, the on-premises sub-segment is likely to witness considerable declines in market share during the forecast period due to the increasing popularity of cloud-based email applications.The value of the global email applications market is anticipated to witness a CAGR of 5.2% during the forecast period of 2020-2030.

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Key Takeaways of Email Applications Market Study

Among the deployment segment, the pubic cloud sub-segment is expected to witness a high growth rate during the forecast period, due to the flexibility and convenience offered by cloud applications.
East Asia is expected to create lucrative growth opportunities for players in the email applications market, owing to increasing penetration of email application to manage business connections and profile on social networking websites in the countries of this region.

Increasing Adoption of Email Applications Market amid the COVID-19 Pandemic outbreak

During the COVID-19 crisis, remote working brings productivity challenges and new security risks. Cybercriminals can take advantage of distracted employee email behavior and web browsing behavior. Secure remote workers from the rising volume of COVID-19-themed email threats that impersonate organizations like World health organization (WHO) and centers for disease control and prevention (CDC).

According to a leading IT security company Barracuda Networks, there has been a surge in spear-phishing email attacks since January 2020, where they detected more than 9000 phishing emails linked to COVID-19 financial donation subjects, alone in the month of March 2020.

Who are the major companies leading cognitive systems spending market?

Prominent companies in the Cognitive Systems Spending market includes International Business Machines Corporation, Accenture Plc., HP Inc., Microsoft Corp., Intel Corporation, Attivio, Wipro Limited, Cognitive Scale Inc., IPsoft Inc. and among others.

More Valuable Insights on Email Applications Market

FMI’s report on the email applications market is segmented into two major sections such as deployment type (public cloud, and on premises), and region to help readers understand and lucrative evaluate opportunities in the email applications market.

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Cognitive Systems Spending Market: Segmentation

The global cognitive systems spending market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Product Type

Hardware
Software
Services

Deployment Type

Public
On-Premise

Technology Type

Natural Language Processing
Machine Learning
Automated Reasoning

By Verticals

Banking
Education
Government
Healthcare
Insurance
Manufacturing
Securities and Investment Services
Telecommunicati-ons

By Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
MEA

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Author:

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:

Nandini Singh Sawlani