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Halal Tourism Market Holds a Forecasted Revenue of US$ 255.0 Billion in 2022

The halal tourism market is projected to reach a valuation of US$ 255.0 Billion in 2022, likely to surge at a vigorous 4.0 % CAGR from 2022 – 2032

The “halal” term means permissible according to Islamic laws and teachings. With a rise in the number of well-heeled Muslims, the halal industry has expanded into various lifestyle offerings including halal travel, tourism, and hospitality services. The halal tourism is a particular type of religious tourism which focusses on the things which are in conformity with the Islamic laws and teachings regarding diet, dressing, conduct, and behaviourisms.

The global halal tourism industry has been accounted as one of the fastest growing tourism segments in the world. The recent development in the global halal travel and tourism industry is caused by the ethical consumer trends and the change in the temperament of Muslim consumers globally.

Global Halal Tourism Industry: Drivers and Restraints

Halal tourism has gained a massive acceptance in recent times, and it is now becoming a new phenomenon in the global tourism industry. The halal tourism industry refers to the tourism products and hospitality services following the Islamic beliefs and practices. These activities involve serving of halal food, alcohol-free dining areas, separate spa and leisure activities for men and women, separate swimming pools, prayer facilities, and even beach areas which are only open to women.

Previously the halal tourism industry was mostly associated with the pilgrimages Hajj and Umrah. The growth in the higher middle-class Muslim consumers and the increase in the degree of interconnectivity has made travelling a part of life, thereby, changing the preference of Muslim tourists from traditional destinations such as Mecca and Medina to top holiday destinations and resorts.

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The halal tourism industry is expected to go mainstream and develop as an integral part of the prospering global halal tourism sector. The global hotel and resort tourism sectors have flourished in recent years to fulfil the demands of Muslim travellers who want to enjoy full leisure and hospitality services, which at the same time caters to their religious requirements as well as follows the Islamic customs and culture.

This development is expected to drive the global halal tourism industry over the forecast period. Many countries across the world such as Turkey, Egypt, and Malaysia have already adopted this change into their tourism offerings to include accommodations and other facilities in accordance with the religious beliefs of Muslim tourists.

In addition to the Muslim countries, some non-Muslim countries including Singapore, Australia, and France have also shown a strong interest in the halal tourism industry. The presence of halal certified bodies such as food outlets etc. are making these countries a favourite destination for Muslim travellers which in turn is expected to drive the global halal tourism industry over the forecast period.

Global Halal Tourism Industry: Key Regions

Malaysia is one of the fastest growing countries in the global halal tourism industry sector. This country so far has managed to attract Muslim travellers from all over the world especially travellers from the Middle East region. Recently this country was ranked among the top 10 halal-friendly tourism destinations in the world. The halal tourism industry is personalised according to the specific needs of Muslim tourists who primarily seek a family friendly environment.

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The countries which are the members of the Organization of Islamic Countries (OIC) are the primary sources of the halal tourism industry. The fast growing resident Muslim population in some of the non-Muslim majority regions including North America, Europe, India and China is expected to offer substantial growth opportunities for the global halal tourism industry during the forecast period.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

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Surfing Tourism Market Holds a Forecasted Share of US$ 9.5 Billion in 2022

The global surfing tourism market hold a forecasted share of US$ 9.5 billion in 2022 and are expected to surpass US$ 17 billion by 2032, moving forward with a CAGR of 6% during the forecast period (2022-2032).

Being a great cardiovascular exercise, the demand for surfing tourism is surging. Since this sport needs excessive paddling which turns out to be a good core workout, offering surfers intense upper body exercise.

With an impeccable growing rate, surfing has become a prominent action sport in the world and emerged as one of the most progressive tourism industries in the world, positively influencing the surfing tourism market outlook.

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Key Takeaways

The option of surfing tourism is on the surge as it is considered a great stress reliever and a fun activity which helps in reducing the negative effects of stress.
The increasing inclination of many health-conscious enthusiasts towards participating in surfing has been attributed to the surging demand for surfing tourism.
While surfing the body gets in touch with sunlight delivering adequate vitamin D along with regulating the amount of calcium and phosphorus in the body. Backed by such health benefits surfing tourism market is witnessing exponential growth.
According to several medical studies, surfing also helps in improving the quality of sleep, reducing mental stress, and reshaping the seep cycle which is expected to drive growth in the surfing tourism market.
As per several medical studies, salt water is a natural healer of injuries and frequent contact with sea water can aid in the prevention of injuries both on and off the surfboard, catering to the growing demand for surfing tourism.
The United States has the largest market for surfing tourism, greatly contributing to the growing share of North America which is predicted to hold 20% of the surfing tourism market share.

Competitive Landscape

AGIT Global North America, Inc., AJW Surfboard Boardriders, Inc., Body Glove, BruSurf, CANNIBAL SURFBOARDS, Channel Islands Surfboards, Firewire Surfboards, LLC, Global Surf Industries, Globe International Limited, Gul Watersports Ltd., Harbour Surfboards, Hydenshapes, Infinity Surfboards Inc., JS Industries, Keeper Sports Products, LLC, Mt Woodgee Surfboards, Naish International NSP International, O’Neill, Rip Curl International Pty Ltd., Rusty Surfboards, Tahe Outdoors Ltd., Volcom, LLC are some of the key companies profiled in the full version of the report.

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More Insights into the Surfing Tourism Market

Some of the popular surfing destinations across the globe include Ulu Watu in Bali, Playa Grande in Costa Rica, Bundoran in Ireland, Jeffreys Bay in South Africa, Huntington Beach in California, and Bondi Beach in Sydney, Taghazout in Morocco, Arugam Bay in Sri Lanka and Biarritz, France. These places are anticipated to surge market growth immensely in near future.

The U.S. is anticipated to dominate the North American region by contributing approx. 20% in the global surfing tourism market.

The surfing tourism market trends and forecast is likely to be fueled by several surf parks in the United States that use artificial wave technologies.

Countries like New Zealand and Australia are expected to drive lucrative growth in the global surfing tourism market by contributing 33% of the market share during the forecast period.

The Surfing Federation of India, which organizes various events throughout the year, is hosting the Indian Open of Surfing 2022, which is expected to augur well for the Asia-Pacific surfing tourism market share.

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Philippines Tourism Market is Estimated to Reach US$ 10.8 Bn in 2022

The global Philippines Tourism Market is set to reach a valuation of US$ 10.8 Bn in 2022. Sales are projected to grow at 10.9% CAGR, with the market size reaching US $30.4 Bn by 2032.

There are several opportunities to explore natural wilderness in the Philippines. The Sierra Madre in Luzon and the Balbalasang-Balbalan National Park in Kalinga, for instance, are both rarely visited by tourists but provide thrilling trekking through dense rainforests and across dizzying peaks.

There are some spectacular volcano climbs in Bicol (Mount Mayon and Mount Isarog, for example), and dozens of national parks, heritage sites, wildlife reserves, and volcanoes in Mindoro, Palawan, and the Visayas. Mount Kanlaon, an active volcano in Negros, is one of the country’s most challenging climbs, while the neighboring Northern Negros Forest Reserve is a raw, mesmerizing scene of peaks, waterfalls, and fumaroles typical of the archipelago’s wilderness locations.

The conversion of airport terminals into global gateways has aided in the international tourism development of the country, with about 95–99% of visitors arriving by air. In recent years, the airports in Davao City and Iloilo City have been modernised, allowing direct charter flights from Singapore.

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Meanwhile, Mactan-Cebu Airport, which has long handled both scheduled and charter flights from throughout East Asia, was set to begin long-haul flights in 2016, when three Philippine airlines were operating between Cebu and Los Angeles, California. Started walking. In the near future, there will be more direct international flights to Cebu, Boracay and Davao. In addition, the country’s hospitality sector is increasingly focusing on the contactless payment trend. When contactless payments are allowed, customers save time by not having to sort through cash or try to enter their PIN.

The introduction of mobile payments has also made a wallet obsolete. The coronavirus outbreak has fueled the demand for contactless payments that reduce friction and improve customer experience. Offering contactless payment methods by many customers and employees may be perceived as a necessity rather than a luxury. As a result of the outbreak of COVID-19, many in the Philippine hospitality business have begun to employ contactless payment systems.

key takeaways:

On the basis of tourism type, the eco/sustainable tourism segment is estimated to account for 42% of the total market share in 2022.
From channel booking, the online booking segment is estimated to account for 51% of the total market share.
On the basis of tourist type, the domestic tourism segment will remain attractive till 2032.
In terms of age group, the 26-35 segment will continue to witness an uptick in sales.

Competition Scenario

The major players in Philippines tourism are focusing on promotional strategies and advertising of popular tourist destinations in the Philippines to improve sales in the market.

The major players present in the Philippines tourism market are Scorpio Travel & Tours Inc., Baron Travels, AsiaVenture Tours & Travels, Vansol Travel & Tours, Kapva Travel, Marksman Drysdale Travel Inc., Raja Tours Philippines, Atlas Tours & Travels Inc., Bridgeway. Travel & Tours, Harana Tours Corporation, Travel Related Incentive Programs & Services, Inc., TravelBest Travel & Tours, Ruxo Air Travel & Tours Inc., Goldensky Travel & Tours, Grandhope Travel Tours, Kesari Tours Pvt Ltd, Turismo-Filipino Inc. among others.

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Philippines Tourism Market by Category

By Tourism Type:

Cultural & Heritage Tourism
Medical Tourism
Eco/Sustainable Tourism
Sports Tourism
Wellness Tourism
Others

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

Bleisure Tourism Market is Estimated to Reach Nearly US$ 497.5 Bn in 2022

The bleisure tourism market is estimated to reach nearly US$ 497.5 Bn in 2022. With demand increasing at a stupendous 19.5% CAGR, the market valuation will total US$ 2,967.1 Bn by 2032. As per FMI, the bleisure tourism market accounts for 30%-35% of the global business travel market.

Employee engagement is a critical aspect in various organizations and leaders are looking for new ways to keep their employees happy and loyal to their company. One way to improve employee satisfaction is to improve corporate travel policies by including bleisure trips.

Furthermore, employees who use their vacation time to rest and recharge are more productive. According to a Forbes article, if employees took just one more day of paid leave each year, the U.S. economy would gain $73 billion in output, which will be beneficial for both employees and businesses. A bleisure trip can have a significant impact on employee morale and health, which in turn is encouraging companies to invest bleisure tourism.

Increased digitization of the tourism and corporate sectors, as well as increased adoption of the internet of things (IoT), which allows both travellers and travel operators to manage operations remotely, are predicted to boost market sales.

Besides this, the benefits offered by virtual reality (VR) technology, such as efficient and personalised customer experiences in the tourism sector will create opportunities for growth in the market.

Further, bleisure tourism market players are investing in various promotional activities such as direct marketing, sales, and discounts, offering free giveaways, hosting an event, and many other activities to promote their services.

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As most potential customers have an online presence, hotels and resorts are promoting their services on social media platforms to improve sales. For instance, Bermuda launched “Work from Bermuda,” a certificate programme that invites visitors to work remotely from a scenic location.

Moreover, business travellers take their families with them on business trips. Taking cues from this trend, a world-famous hotel in Scotland has launched a children’s programme that includes a playroom, a country club, and participation in sporting activities. Such development will create a conducive environment for the market.

“A combination of work and leisure or personal activities contributes to a better work/life balance. Bleisure trips are offering opportunities for travellers to learn more about the location and its culture. This, in turn, is helping to improve the quality of work done while also allowing for the formation of more meaningful business relationships. ” says an FMI analyst.

Key Takeaways:

Based on application, the corporate segment will account for a dominant share in the market over the forecast period.
By trip type, demand in the domestic trip segment will remain high through 2032.
In terms of tour type, the independent travelers segment will expand at a considerable pace over the assessment period.
Based on consumer orientation, sales in the male segment will continue gaining momentum.
By occupation, bleisure tourism among technology/IT/software professionals will gain traction.
Based on trip length, the 2 nights segment will emerge as the most lucrative segment.
By travel frequency, demand in the once in every 2-3 months segment will continue rising.
In terms of booking channel, the online booking segment will lead the market in terms of market share.
The U.S. will continue dominating the north America bleisure tourism market owing to growing focus on employee retention across various organizations.
China will continue witnessing high demand, accounting for a dominant share in the East Asia bleisure tourism market.
Sales in India will gain momentum on the back of increasing investments in the travel and tourism sector.

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Impact of COVID-19 on the Market

The COVID-19 outbreak has negatively impacted the bleisure tourism market. Almost all major business tours and MICE events around the world were cancelled because of the pandemic. Furthermore, due to travel restrictions, the widespread adoption of online video conferencing platforms such as Zoom and Google Meet is expected to compete with players operating in the global bleisure tourism market in the future.

Many firms are using video conferencing systems to satisfy their meeting and conference demands, and it is also being used as a cost-cutting technique to avoid pricey business trip expenses. COVID-19 has thereby changed the competitive landscape of the global leisure tourism business, with long-term implications.

Who is winning?

The players operating in the global business travel industry have adopted various developmental strategies to expand their market share, exploit the business travel market opportunities, and increase profitability in the market. Major players present in the bleisure tourism market are Airbnb. Inc, American Express Travel, Expedia Inc., BCD Travel, Carlson Wagonlit Travel, Flight Centre Travel Group, The Priceline Group, Fareportal, Inc. (travelong inc.), Wexas Travel, Travel Leaders, The Global Work & Travel Co., JTB Business Travel, Prime Travels USA, GUNA Travel Germany, DER Touristik, CITS (China Business Travel & Fairs), China Tour Guide, Tuniu Corporation, FROSCH Travel and CT Business Travel

Global Bleisure Tourism Market by Category

By Application:

Corporate
Government

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Trip Type:

Domestic Trip
International Trip

Special Interest Tourism Market is Estimated to Reach US$ 3,489.7 Bn in 2022 | FMI

The special interest tourism market is projected to reach US$ 3,489.7 Bn in 2022. As per the report, sales are forecast to increase at a robust 22.7% CAGR, with the market valuation reaching US$ 26,921.1 Bn by 2032. Total sales in the special interest tourism market represent 10-15% of the global tourism market.

Agritourism is thriving across the world since it offers unique opportunities for combining aspects of agriculture and tourism industry, offer a plethora of educational, financial, and social benefits to tourists and communities, alike.

Surging focus on sustainability will remain chief driver of special interest tourism. An increasing number of rural advocates, government officials, and farmers are enthused about prospects of direct farm marketing. Direct marketing aids in rural development by attracting agricultural tourists.

Recreational activities such as pick your own food, cut-your-own Christmas trees, and others are organized under this concept, facilitating special interest tourism growth around the world.

Expansion of agritourism is presenting lucrative opportunities for special interest tourism growth. Ranch stays across the U.S. and farm stays in India are popular example for this. Besides this, the rising focus on sustainably travelling will enable growth in the market. With an increasing number of travelers showing keen interest on traveling more responsibly, prospects for special interest tourism growth are expected to soar.

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With COVID-19 pandemic exposing vulnerabilities of the tourism industry, focus on sustainable tours and travels is expected to grow. United Nations World Tourism Organization has integrated Sustainable Tourism Goals encouraging adherence to certain standard while promoting tourism. Such initiatives by international organizations will boost special interest tourism market in the coming years.

Some of the key takeaways from FMI’s study on special interest tourism market are:

The expansion of tourism industry in France and U.K. will catapult Europe to fore of special interest tourism marketActivities will remain key purpose motivating travelers to opt for special interest tourismEnvironmental activities will remain highly sought-after, while demand for adventure tourism is forecast to rise steadilyOnline booking will rise even as conventional methods such as in-person booking remain popular

“Governments around the world are adopting various strategies to revive tourism industry as economies return to normalcy following COVID-19 outbreak. Keen focus on special interest tourism is noted, as governments engage in promoting special activities across tourism destinations,” revealed a lead analyst at FMI.

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Surging Demand for Personalizing Tour Packages

According to Think with Google, nearly 57% of travelers are in favor of personalizing their buying experiences based on their personal preferences, behavior, and past choices.

The rising demand for personalization has become a crucial driver of the special interest tourism growth. By offering flexible packages and tailoring them as per traveler’s preferences, travel and tour companies stand a better chance of satisfying them. The rising demand for personalizing travel packages and experiences will aid in the expansion of the market in the coming years.

Driven by changing consumer preferences, prominent trip advisors and planners such as Travel Triangle and others are offering facilities for personalizing travel experiences. This is expected to bode well for the global market.

Who is winning?

The report identifies some of the leading companies operating in the market. To gain edge amid surging competition, market players are focusing on designing unique packages. For instance, Martin Randall Travel Ltd. offers competitively-priced trips across U.K. and Europe. Meanwhile, Audley Travel Group Ltd., supports several social and environmental charities and projects across the world. In January 2020, it was also granted the Travelife Partner aware as a recognition of its efforts towards improving corporate social responsibility and sustainability.

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Some of the other leading players in the market are Wild frontier, Carlson Holdings, Inc., Cox & Kings Ltd., Flight centre Travel Group, National Geographic Partners, LLC., EF Educational Tours, and Booking Holdings, Inc., among others.

Global Special Interest Tourism Market by Categor

By Purpose:

Activity
Educational
Discovery
Hobbies
Challenge
Relaxation
Health & Therapy
Day Tours

By Activity:

Environmental
- Ecotourism
- Nature-Based Tourism
- Wildlife Tourism
- Others
Adventure
- Backpacking
- Mountaineering
- Whitewater Rafting
- Cycling
- Others
Sport
- Golf
- Tennis
- Sailing
- Soccer
- Cycling
- Kayaking
- Scuba Diving
- Others

By Tourist Type:

Domestic
International

By Traveler Type:

Individual
Couple
Group
Professional

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Refractometers Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2027

The refractometers market is expected to see a cumulatively expanding usage situation in the near future, with a robust year-over-year revenue growth estimate for 2018.
A global market research study on the refractometer landscape was recently issued by Future Market Insights. According to the report, the global market for refractometers is expected to exceed US$ 420 million in 2019.

Despite the fact that Abbe refractometers have a large market share, it is more likely that the other two types of refractometers, digital and handheld, will progressively take over in the long term.

Elevating Safety Significance to Propel Refractometers Demand in F&B

As the food safety and security concerns gain more prominence pushing the demand for food quality testing equipment at modern laboratories, refractometers are constantly witnessing growing adoption worldwide.

Food and beverage ingredients testing has gathered ground in recent decades, and at present, F&B manufacturing and processing companies emphasize the testing of sugar, fat, allergen, and a few other attributes prominently in products such as honey, sugar syrup, ham, fruit juices, and a range of beverages.

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Moreover, refractometers constitute an important part of routine sample analysis of fresh produce, dietary food and beverage products, alcoholic beverages, and sugar concentrates. Currently, F&B holds more than 25% share of the global market revenue, as indicated by the report.

Temperature Controlled Refractometers to Witness High Sales

With rapidly increasing popularity of temperature control laboratory equipment, the refractormeters landscape has been observing elevating sales of temperature control refractometers, in recent years.

In addition to being a primary reason for the possible inaccuracy in measurement, temperature holds high importance in verifying refractometer readings.

Looking at the growing reliance of refractometer measurement on temperature variations, it is more likely that adoption of temperature-regulated refractometers will experience an upsurge in coming years.

The two trends, aforementioned, are cited as the highly prominent factors that are likely to improve revenue prospects of the global refractometers market, says research. Evolving research demands at modern laboratories are influencing the adoption of modern laboratory equipment, including refractormeters.

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Attractive Penetration Opportunities Reside in Healthcare

The healthcare industry is likely to open new doors of opportunities for investors in refractometers landscape. With an expanding clinical research space and increasing criticality of accurate diagnostics, the market for refractormeters is witnessing an increasing rate of adoption.

Monitoring individual protein levels of serum and plasma is emerging as one of the most prominent applications pushing sales of refractormeters across the healthcare domain. Healthcare sector is demonstrating exceptional growth in BRICS countries, which is reportedly a strong factor instrumenting the demand for refractometers for healthcare related applications.

Veterinary refractometers, another popularizing type of the refractometer, continues to observe steadily growing demand for applications such as monitoring the vital fluid levels, hydration and dehydration levels, protein deficiency, and excessive fluid intake.

Collaborations and Acquisitions to Shape Competition Strategies

Leading players in the laboratory equipment landscape that actively serve the refractometers space are concentrating on strategic acquisitions that potentially help companies focus on product innovation and new launches, to eventually attain an enhanced market foortprint. Strategic collaborations also remain one of the most favored strategies for the diversification of product offering portfolio.

Thermo Fisher Scientific Inc. recently announced the acquisition of Phenom-World and Patheon N.V. Earlier this year, the company acquired IntegenX Inc. With these deals, it is most likely that Thermo Fisher’s extensive range of portable and handheld refractometers, handheld analog salinity refractometers, Benchtop laboratory refractometers, and digital Benchtop refractometers will be expanded – for the company’s enhanced global footprint.

FMI Positions APEJ as the Highest Potential Regional Market

The regional outlook of refractometers market reflects dominance of North America owing to strong presence of a large number of manufacturers of laboratory testing equipment as well as an established research base in the region.

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However, the market for refractometers is witnessing strong signs of the emergence of an attractive opportunistic pocket for investors across Asian economies. This growth projection is attributed to the rapidly growing number of research institutes, following the surging frequency of government as well as non-government research grants. The report suggests that APEJ holds the highest potential in terms of growth rate, in the refractometers market.

Polymer Testing Equipment Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027 | FMI

Global sales of polymer testing equipment that valuated roughly around US$ 1.5 billion in 2018 will observe a healthy yearly growth of 5.4% in 2019, as indicated by a new research report of Future Market Insights (FMI). While a majority of demand growth has been attributed to the increasing number of applications, FMI highlights the significant role of regulatory standards for polymers and polymer-based materials in necessitating the adoption of polymer testing equipment.

According to the study, capillary rheometers and melt flow meters are likely to witness relatively higher rate of adoption, attributed to the increasing need for determination of melt flow rate and the viscosity of polymers.

“Economic Range” Likely to Trend Polymeric Testing Equipment Market

Towering government spending on the estimation of the precise polymer composition used for different applications is boosting the polymer testing equipment market. Polymer testing equipment also plays a vital role in the manufacturing of specialty polymers such as fibers, colorants, plasticizers, fillers, and flame retardants, which is cited as another strong factor contributing to the growth of the polymer testing equipment market.

While polymers continue to reflect strong adoption potential in daily use products as well as high-tech commodities, it prompts at the need for focusing on mass production of polymers, which will in turn boost the performance of polymer testing equipment market.

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Leading manufacturers are also augmenting investments in R&D, in collaboration with CMOs (contract manufacturing organizations). Application engineers are more likely to prefer brands that offer polymer testing equipment with specific testing capabilities that cater to a desirable level of analysis. In line with escalating adoption by SMEs in end-use industries that are typically constrained by budgetary limitations, companies competing in the polymer testing equipment landscape are focusing on increasing introduction of economically priced polymer testing equipment.

Some of the key players in the polymer testing equipment market are also investing efforts in product improvement, particularly focusing on parameters such as torque and temperature range. R&D initiatives in the field of composite testing are encouraging the manufacturing of improved versions of polymer testing equipment, facilitating elimination of existing errors. Some other prominent characteristics that polymer testing equipment vendors are focusing on include the level of accuracy and precision.

For example, Malvern Panalytical Ltd., a UK-based manufacturer of polymer testing equipment, launched a rheometer for complex fluids characterisation with a torque range of 5.0Nm to 225Nm and a frequency range of 6.28µrads-1 to 942rads-1 for the testing of polymers.

Adoption of Polymer Testing Equipment by Textile Industry Operators Prevails

Although medical industry will remain a major shareholder with over 1/4^th share of the total polymer testing equipment market value, textile industry has also been cited as a highly attractive investment pocket for manufacturers of polymer testing equipment. The rate of polymer testing equipment adoption in the latter is poised to see modest growth, with a contribution of almost a fourth of the total market value.

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As polymers play a significant role in the manufacturing of natural fibres such as cotton, jute, and others, textile industry is likely to continue steady demand generation in polymer testing equipment, in the years to come. Moreover, continuous inventions and modifications in the textile industry will boost the demand for polymer testing equipment.

Increasing Demand for Capillary Rheometers & Melt Flow Meters Fuelling Market Growth

The polymer testing equipment market is driven by the rapid growth in operations of research laboratories. The capillary rheometer and the melt flow meter currently constitute the most attractive types of polymer testing equipment that play an essential role in the field of research laboratories.

A capillary rheometer is an instrument designed to determine the viscosity of polymer, rate of deformation, and other rheological properties of polymers or composites such as plastics and fibres. Melt flow meters are used for the testing of the Melt Flow Resistance (MFR) of a wide range of polymer materials. GÖTTFERT Werkstoff Prüfmaschinen GmbH, a Germany-based manufacturer of polymer testing equipment, recently launched Melt Index Tester MI-ROBO with force-controlled compression of the test material, as well as the expression of the residual material at the end of a measurement.

Regional Expansion Trending Polymer Testing Equipment Market

According to FMI’s analysis, Illinois Tool Works Inc. (the US), A&D Company, Limited (Japan), and Qualitest International Inc. (the US) are among the key manufacturers of polymer testing equipment. Besides innovations, polymer testing equipment market players are concentrating on stronger customer relationships and improved distribution network, according to FMI’s analysis of the global polymer testing equipment market.

Several key companies are also identified to focus on manufacturing capacity expansion to cater to steadily increasing demand for polymer testing equipment. While strategic collaborations, acquisitions, and mergers are likely to facilitate expansion strategies of such players, the report indicates that they will aid companies in enhancing their regional footprint within untapped geographies such as APAC and Latin America. The US-based Thermo Fisher Scientific recently announced the launch of a new business center and bio repository in Frederick, Md., which is expected to help the company meet the global demand for testing equipment and medical diagnosis.

Some of the key vendors that have been profiled in the polymer testing equipment market report include Aimil Ltd., Agilent Technologies, Inc., GÖTTFERT Werkstoff Prüfmaschinen GmbH, Thermo Fisher Scientific, Dynisco, AMETEK Inc., Hildebrand Prüf- und Meßtechnik GmbH, INNOVATEST, HexaPlast India, International Equipments, Advance Equipments, Edutek Instrumentation, Asian Test Equipments, Malvern Panalytical Ltd., Ray-Ran Test Equipment Ltd., and Testing Machines Inc.

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Key SegmentOn the basis of product type

universal testing machine
capillary rheometer
pendulum tester
melt flow tester

On the basis of test type

mechanical
physical
thermal
rheological
optical test

On the basis of end use

laboratories
packaging
textile
construction
aerospace & defence

Fiber Optic Test Equipment Market to grow at 6.8% CAGR through 2030 | FMI

Cost, performance, and reliability of equipment remain the top 3 expectations of fiber optic test equipment buyers, according to a survey conducted by Future Market Insights. The survey is part of the report that global fiber optic test equipment revenues market to grow at 6.8% CAGR through 2030.

Fiber optic cables have become the heart of modern-day data telecom network infrastructure. Technologies are playing key role in several businesses today, as majority of end users accent for more secured, faster, and larger communication system for network operations.

Fiber optics is leveraged on significant scales by various industries, and holds great potential going forward. As these network technologies continue to spread and user load continues to surge, development of standardized fiber optic test equipment has become increasingly crucial.

Key Findings

Adoption of optical spectrum analyzers and remote fiber test systems to surge
Stakeholders will continue to invest in handheld/portable equipment over the following decade
Sales to network equipment manufacturers and data centers will remain critical
US and Europe will remain lucrative, but opportunities in East Asian countries will be a key highlight

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COVID-19 Impact on Fiber Optic Test Equipment Market

As majority of people are working from home and connecting with their acquaintances online to avoid COVID-19 contagion, the connected ecosystem offered by telecommunication industry is highly beneficial. Surging need to connect remotely with colleagues and companions has shored up network traffic.

This rapid transition has highlighted the importance to establish resilient infrastructure networks during and after the COVID-19 chapter that can overcome crisis-led demand upsurges as well as potential disasters – thus, accenting for fiber optic cables.

In addition, companies are co-deploying fiber optic cables along other passive infrastructure networks such as roads, highways, railways, and power networks. Such activities are setting the stage for fiber optic test equipment market.

Competitive Landscape

The global market for fiber optic test equipment is moderately consolidated, as such, leading players are honing in on strategic mergers & acquisitions (M&A) to maintain their predominance in global landscape.

EXFO Inc. has taken over Astellia – which provides subscriber and network intelligence. With this acquisition, EXFO Inc. is looking to offer comprehensive fiber optic tester tools and network intelligence solutions to customers
Element Materials Technology has acquired PCTEST Engineering Laboratory Inc. with an aim to strengthen its position in testing and certification services domain in connected technologies industry
Corning has acquired all communication markets division of 3M Company in order to extend its reach to key growth regions, globally, and penetrate into in-building network market.
Viavi Solutions has collaborated with Ingram Micro (US) to distribute VIAVI test equipment in the US that are utilized for cable and fiber networks, and performance management solutions for business network infrastructure.

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Key SegmentEquipment Type

Optical Light Sources
Optical Power & Loss Meters
Remote Fiber Test Systems
Optical Time Domain Reflectometers
Optical Spectrum Analyzers
Other Test Equipment

Portability Type

Handheld/Portable
Bench-top

end use

Telecommunication Service Providers
Network Equipment Manufacturers
Data Centers
Cable Operator
Educational & Research Institutes
Others

Region

North America
Latin America
Europe
South Asia Pacific
East Asia
MEA

RF Tester Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

Up from over 500 thousand units sold in 2018, a new Future Market Insights study projects 5.6% growth in global RF tester sales, in 2019. While more than 1/3^rd of the total sales of RF tester is concentrated in the telecommunications industry, the report points to significant demand growth for RF tester in the aerospace and defense industry.

Exhaustive use of radiofrequency waves for satellite and telecommunication applications continues to account for a sizeable share in the total sales volume registered by RF tester market. This share is strongly backed by a rapidly emerging wave of applications in radio and satellite communication, coupled with rising applicability in video broadcasting. Towering sales of wireless electronic instruments are translating into hike in sales of RF testers.

Aerospace and defence industry has been recording a considerably growing rate of RF tester installation in recent years, which is poised for 7% annual growth in 2019. Modern aerospace and defence industry that extends much beyond only battlefields has already shifted to an electronic warfare that relies heavily on a robust network involving a range of precise, high-accuracy communication devices.

RF devices used in a plethora of aerospace and military applications are subject to a critical check of a series of performance parameters such as spectral purity, frequency coverage, and phase noise, among others. In line with increasing functional criticality of RF devices in military and aerospace communications, industry operators are generating significant demand for RF testers. As RF testers affirm the reliability and availability of rugged RF devices without any failure or malfunctioning, it is more likely that substantial sales opportunities will emerge in the aerospace and defence industry over the course of next few years.

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Portables/Handhelds Gaining Ground in RF Tester Market

Advancing technologies have blurred the lines between conventionally used RF testers, i.e. spectrum analysers and oscilloscopes. Sales volume of oscilloscopes is more likely to be on a constant high in coming years. However, spectrum analysers will continue to account for a maximum share in the RF tester market, according to the volume-wise analysis.

Sales of conventional benchtop RF testers that currently account for more than half the total sales volume of RF tester market are likely to witness a moderate slowdown in coming years. The report opines that widening applicability of handheld/portable RF testers will eclipse that of benchtop RF testers, resulting in robust yearly growth prospects of the former against a steady outlook estimated for the latter in RF tester market. The study attributes positive demand growth outlook projected for handheld/portable RF testers to their high convenience as an accessible instrument on field.

R&D efforts targeting development of flawless communication networks have been instrumental in pushing the scope of innovations in RF tester market. While prerequisites of satellite communication and RF signalling continue to promote RF tester instruments that are based on advanced technologies, innovations are likely to be centred at their power, precision, and accuracy.

Leading innovators in the RF testing space are focusing on launching RF testers compatible for variable functionality, specifically meeting high-accuracy wide-range applications. Japan’s measurement solutions providing giant – Yokogawa Test & Measurement Corporation, recently introduced a new RF tester for wide-bandwidth range that specifically caters to the demands of aircraft power systems.

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Key SegmentOn the basis of product type

network
spectrum
oscilloscope
signal generator

On the basis of modularity

portable
benchtop
others

On the basis of industry

automotive
telecommunication
consumer electronics
energy & utility
aerospace & defence
others

Fire Pump Test Meters Market is likely to secure a CAGR of 6.7% through 2032 | FMI

The fire pump test meters market growth is likely to continue an upward trajectory, with global demand set to surpass US$ 192 Mn in 2019, up from nearly 183 Mn in 2018. These insights are as per the latest FMI research study that projects a promising outlook for fire pump test meters market 2019 and beyond.

According to the study, broader trends, such as growing emphasis on enhancing operational efficiency and mitigating downtime continue to fuel investment in fire pump test meters.

The FMI study finds that end-users continue to show a marked preference for mid-sized pipes, owing to wider applications across a range of applications. The study opines that ‘5.1 inches to 9 inches’ will remain the topselling variant in 2019, with the status-quo unlikely to change during the course of the forecast period.

Stringent regulations and growing demand for Factory Mutual (FM)-approved fire pump test meters

Various associations and regulatory bodies have defined a set of standards that are needed to provide an essential level of security for fire protection systems. These standards and regulations are playing an important role and are creating high demand for fire pump test meters. Moreover, with steady growth in infrastructure in various countries around the world, the usage of high-performance fire protection systems is not only critical, but also necessary.

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Various providers of fire pump test meters are focusing on providing FM-approved and National Institute of Standards and Technology (NIST)-traceable calibrations. These are the some of the key standards that are contributing to the growth of the global fire pump test meters market.

FMI Survey Finds End-Users Prefer Grooved Fire Pump Test Meters over Flanged Variants

The FMI survey finds that fire pump test meters with grooved body type remain highly-favored, with global sales likely to equal a market value of over US$ 95 Mn in 2019. The oil, gas, and chemicals industries continue to spearhead demand, with the market benefitting from the recovery in oil prices. According to the study, evolving regulations concerning safety at oil & gas plants are likely to hard press stakeholders to bolster their security apparatus.

Fire pump test meter sales in the oil & gas industry are likely to be complemented by growing applications in power generation sector. Testing equipment, including fire pump test meters, is emerging as a viable investment for reducing high insurance costs in the power generation sector; the FMI study remains bullish on adoption of fire testing equipment in power generation sector in the future.

North America, spearheaded by healthy sales in the US, retains its lucrativeness in the fire pump testing meters market. The lucrativeness of this region can be attributed to growing emphasis on process streamlining by diverse industry verticals.

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The manufacturing framework of fire pump testing meters remains highly influenced by codes and standards issued by prominent organizations, such as National Fire Protection Association (NFPA), vis-à-vis design of fire pumps and related components. Moreover, NFPA guidelines on inspection of fire pump test meters post initial installation and on annual basis thereafter remains a crucial aspect encouraging manufacturers to offer value-added services. With disruptive innovations gaining traction, manufacturers are vying to offer advanced products that simplify testing processes with a high level of reliability.

Addressing the challenges associated with accuracy in high precision for even low-end readings remains a key focus area for manufacturers. Sensing the shifts in end-user demand, manufacturers are incorporating advanced materials to withstand extremes of operational environment. Fire pump test meter manufacturers are also offering extended warranties to boost consumer confidence and repeat sales.

Key Segment On the basis of pipe size

1-5 inches
5.1-9 inches
9.1-12 inches

On the basis of body type

grooved
flanged
others

On the basis of end use

oil
gas & chemicals
power generation
manufacturing
fire protection
pulp & paper
other industries