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The main driver of the growth of the worldwide electric-sub metre market is the continuous use of energy management solutions. Instead of having a single metre that measures the whole energy consumption of the building, an electric-sub metre records and measures the power usage for each individual unit of the building. Electric-sub metres show the individual energy use of residential and commercial multi-unit buildings and are connected downstream from the main utility metre. Electric sub-metering enables building owners to charge each tenant or owner of a unit for the actual energy used, as well as enabling each owner to take actions to lower the overall energy use. Electric-sum metres are installed in multi-tenant buildings to reduce additional operational costs, which has positive effects on the environment, the economy, and equity for all parties involved.

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Electric Sub-meter Market: Market Dynamics

Controlling monitoring, reducing, and granular reporting of electrical usage are growing importance to today’s facility managers particularly from commercial and industrial sector. Expanding regularity & compliance requirements on energy management, and rising focus on identifying key indicators for efficient electricity usage by industrial, or commercial/ and residential multi-tenant building owners is the prominent factor derives the growth of global electric-sub meter market. Continuous focus on developing efficient energy management strategies across commercial and industrial sector coupled with increasing interest on integrating sub-meters to cloud and big data software analytics to precisely analyse energy usage, accelerates the growth of global electric-sub meter market. Furthermore, government mandate to install sub-meters at the time of construction of a new building and expanding and continuous progression in Internet of Things (IoT) technologies to transform traditional energy infrastructure, further fuels the growth of global electric-sub meter market. However, lack of lack of public awareness about the potential benefits of energy management, is the key factor identified as restraints likely to deter the progression of global electric-sub meter market.

Electric Sub-meter Market: Segmentation

The global electric-sub meter market is segmented on the basis of type, by application and by region.

Electric sub-meter market: Segmentation on the basis of type

• Socket Type/Electromechanical Sub-meter
  • Feed-through Sub-meter
  • Current Transformer
• Non-socket/Electronic Sub-meter
• Smart Sub-meter

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Electric sub-meter market: Segmentation on the basis of application

• Commercial Establishments
  • Large Retail stores
  • Data Centers
  • Others
• Residential Sector
• Industrial Sector

Electric sub-meter market: Segmentation on the basis of region

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

Electric Sub-meter Market: Regional Outlook

Among all regions electric-sub meter market in North America is expected to dominate the market, due to high importance for energy management solutions. Asia-Pacific is projected to be the fastest growing electric-sub meter market, due to expanding commercial & industrial sector and continuous adoption of sub-meters for energy management and tenant billing

Electric Sub-meter Market: Competition Landscape

Some of the prominent players in the global electric-sub meter market include GE Digital Energy, Siemens AG, Kamstrup,  Elster Group, Studebaker Submetering Inc., Leviton, Echelon, Nuri Telecom, E-Mon (Honeywell International Inc., Linyang Electronics, Schneider Electric, Chintim Instruments Submeter Solutions, Inc and LEM

The report covers exhaustive analysis on:

• Electric Sub-meter Market segments
• Electric Sub-meter Market dynamics
• Historical Actual Market Size, 2015 – 2016
• Passive Optical Network size & forecast 2017 to 2027
• Ecosystem analysis
• Electric Sub-meter Market current trends/issues/challenges
• Competition & Companies involved technology
• Value Chain
• Electric Sub-meter Market drivers and restraints

Regional analysis for Electric Sub-meter Market includes

• North America Market
  • US
  • Canada
• Latin America Market
  • Argentina
  • Mexico
  • Brazil
  • Rest of Latin America
• Western Europe Market
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
  • Nordic
  • Benelux
  • Rest of Western Europe
• Eastern Europe Market
  • Poland
  • Russia
• Asia Pacific Market
  • Australia and New Zealand (A&NZ)
  • China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan Market
• Middle East and Africa Market
  • GCC Countries
  • North Africa
  • South Africa
  • Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights:

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

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A new Future Market Insights (FMI) study suggests that the global CBRN (Chemical, Biological, Radiological and Nuclear) protection equipment market will exhibit a healthy CAGR of more than 5% during the forecast period of 2019 – 2029. Greater emphasis of governments on enhancing safety of military forces constitutes a major push to global sales of CBRN protection equipment.

Increasing production of bioweapons, bio-agents, as well as chemical weapons has strengthened the demand for CBRN filtration systems, integrated COLPRO systems, and decontamination shelter systems. Demand for personal protective equipment such as gloves, boots, body suits, masks, and hoods is also rising, in line with rise in precautionary training practices.

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Key Takeaways – CBRN Protection Equipment Market Study

• Personal protection equipment will continue to be bestselling throughout the forecast period. The rising focus on safety among military personnel has enhanced demand in countries such as the U.S., Canada, Germany, France, Italy, Spain, and the U.K.
• Demand for integrated COLPRO systems is anticipated to multiply, with rising requirement from developed economies such as the U.S., the U.K., and Germany.
• Decontamination shelter systems would gain significant traction, which will drive CBRN protection equipment market growth.
• With increasing CBRN attacks in developing economies, especially at airports, the demand for immediate response has enhanced the mandate for frequent CBRN protection training. Such CBRN training practices will further drive the global CBRN protection equipment market growth in following years.
• Rising investments in nuclear reactor projects, especially in countries like Russia, India, UAE, Turkey, China, and South Korea are expected to bolster demand for CBRN protection equipment.
• Rapid growth in production of chemicals and bio agents has resulted in greater demand for safety awareness. Regulatory bodies have formed numerous regulations to improve safety awareness among public, which is expected to fuel the growth of the CBRN protection equipment market.

CBRN Protection Equipment Markey By Category

By Product Type :

• Mobile / Transportation CBRN Protection Equipment
  • Air Purification Units
  • Integrated Colpro Systems
  • Protective Entrances
  • ROV Bags
  • Medical Transportation Sets
• Unhardened Collective Protection Systems (UCPS)
• Personal Protective Equipment (PPE)
• Decontamination Shelter Systems
  • Individual
  • 2 Line
  • 3 Line
  • 4 Line

By Category :

• C Decontamination
• B Decontamination
• RN Contamination
• Railways

By End Use :

• Military
• Civil Defence and Security
• Nuclear Power Plants and Sites
• Disaster Management

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The market for wood pellet heating systems in Europe was valued at US$ 4.7 billion in 2018 and is anticipated to grow at a CAGR of 3% from 2019 to 2029. The increased use of wood pellet heating systems in commercial, residential, and industrial sectors is a major factor in this expansion.

1. The Europe wood pellet heating systems market was valued at ~US$ 4.7 Bn in 2018.
2. The wood pellet heating systems market is expected to grow at a CAGR of ~3% during the forecast period of 2019-2029.
3. Operational efficiency & economic benefits ensure high demand for wood pellet heating systems.
4. Collectively, Italy and France markets are estimated to account for ~50% of the sales in the wood pellet heating systems by the end of 2029.
   • Italy is expected to be the key revenue maker for wood pellet heating systems, owing to government subsidies and incentives for installation of biomass heating systems.
5. Commercial sector is expected to remain a prominent investment area for wood pellet heating systems market players.
   • Noteworthy application potential of wood pellet heating systems has been identified in heat and energy generation purposes.

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A new market research report by Future Market Insights on the wood pellet heating systems market includes Europe industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the wood pellet heating systems market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the Europe wood pellet heating systems market is expected to experience substantial growth during the forecast period due to multiple driving factors, such as smart technologies & mobility heightening attractiveness of wood pellet heating systems over conventional ones and limited emission of air pollutants.

Rising Market Attractiveness of Nordic Countries

Italy is projected to hold significant value share in the Europe wood pellet heating systems market due to rising prices of fossil fuels and federal environmental sustainability strategies. However, the Nordics region, followed by Benelux, is expected to project lucrative growth in the Europe wood pellet heating systems market during the forecast period of 2019-2029. Denmark market is estimated to be prominent in Nordics, by holding ~20% of the market value share, and is expected to remain prominent till 2029.

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Key Segments of Europe Wood Pellet Heating Systems Industry Survey

Europe Wood Pellet Heating Systems Market by Product:

• Boilers
  • 1- 10 kW
  • 10- 50 kW
  • 50 kW -200 kW
  • 200 kW -500 kW
  • 500 kW- 1,000 kW
  • 1,000kW – 5,000kW
• Stoves
• Fireplace
• Biomass Gasifiers

Europe Wood Pellet Heating Systems Market by End Use:

• Residential Wood Pellet Heating Systems
• Commercial Wood Pellet Heating Systems
• Industrial Wood Pellet Heating Systems

Europe Wood Pellet Heating Systems Market by Country:

• Germany Wood Pellet Heating Systems Market
• Italy Wood Pellet Heating Systems Market
• France Wood Pellet Heating Systems Market
• U.K. Wood Pellet Heating Systems Market
• Spain Wood Pellet Heating Systems Market
• Nordics Wood Pellet Heating Systems Market
• Benelux Wood Pellet Heating Systems Market
• Russia Wood Pellet Heating Systems Market
• Rest of Europe Wood Pellet Heating Systems Market

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As per the findings of the report, the global industrial robot controller market is anticipated to see substantial growth over the forecast period, set in motion by increase in the adoption of Human Machine Interaction (HMI), data & cloud capabilities boosting hardware control, and optimization of industrial robot cost.

As per Future Market Insights (FMI), the demand in the global industrial robot controller market is projected to surge at a robust CAGR of 8.9% during the forecast period 2022-2029.

Market gains have further been underpinned by high growth in automotive and electronic & semiconductor industry- the two big demand generating sectors in in the industrial robotics landscape.

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East Asia’s Industrial Robot Controller Market Set for Incremental Growth

According to the recent studies, while South Korea remains a prominent country in the robot per 10,000-employees’ ratio, China is projected to witness a see monumental growth. India being a fast-growing economy is expected to contribute a fair share in the industrial robot controller market during the assessment period, for the fact that industrial ecosystems of India are on the brink of a massive makeover.

Japan also commands a significant share in the industrial robot controller market, owing to the high penetration rate of automation in the country. Rapid transition of these countries towards robotic automation is further creating new opportunities for adoption of robotic controllers, thereby making East Asia a lucrative region for the industrial robot controller market players.

Software Based Technology Advancements and Cost Optimization Merging

Key players active in the industrial robot controllers market will benefit from the growing preparedness of industrial ecosystems for the impending ‘fourth industrial evolution’ and its after effects. Smart components and software’s such as sensors and controllers are the future of automation; industrial robot controller is one of the competence for robot manufacturers as all the electromechanical systems needed to be controlled.

Over the forecast years, human machine interaction is expected to be a growing trend that aims to bring robot and human anatomy closer. simultaneously, bridging the gap between a robot and control system.

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The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial robot controller market. The global industrial robot controller market is significantly dominated by some players holding prominent shares of the market. Tier-1 players are joining forces with IoT platform based companies in order to achieve the ongoing trend of intelligent automation thereby gaining a competitive edge over its peers.

Production innovation and holistic developments will continue to be the key area of focus for manufacturers operating in the industrial robot controllers market, which is highly instrumental for their long-term growth. In addition, strategic collaborations such as mergers and acquisitions will also be of high importance for the market players to sustain growth via shared resource pools and combined technical expertise.

Industrial Robot Controller Market by Category

By Axis Type:

• Single Axis
• Four Axis
• Six Axis
• Other Axis

By Robot Type:

• SCARA Robot
• Delta Robot
• Cartesian/Gantry Robot
• Articulated Robot
• Collaborative Robot
• Dual Arm Robot

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In its latest analysis, Future Market Insights (FMI) assesses current trends in the underground mining equipment market and predicts how they will affect the market’s expansion between 2019 and 2029. According to the survey, sales of underground mining equipment of almost US$ 14 billion were made in 2018. The market value is anticipated to increase passively at a 2.4% CAGR through 2029.

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1. The global underground mining equipment market size estimated in 2019 is ~US$ 14 Bn.
2. The underground mining equipment market is estimated to grow at a CAGR of ~2% during the forecast period of 2019 and 2029.
3. Growth of the mining industry and increase in the production rate of minerals are projected to boost the demand for underground mining equipment in the global market.
4. East Asia and Europe are expected to account for more than half of the value share in the global underground mining equipment market during the forecast period.
o East Asia, due to substantial growth of underground mining in China, is anticipated to continue be a prominent regional market for underground mining equipment manufacturers.
5. Technological advancements and autonomous equipment are expected to remain prime areas of development for underground mining equipment market players.
o Nowadays, most of the manufactures are focusing on developing hybrid or electric underground mining equipment to improve the safety and productivity of equipment in underground mines.
o The market players are also focusing on developing autonomous equipment for underground mining operations.

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FMI’s study finds that every 7 out of 10 underground mining equipment sold in 2018 were designated to applications associated with hard rock mining platforms. Increasing demand for hard rock minerals, such as copper, gold, zinc, and lithium, in wide-ranging industries has given rise to hard rock mining activities in the mining industry. Leading players in the underground mining equipment landscape are focusing on catering to the thriving need for improved productivity in underground hard rock mines with the launch of next-generation mining equipment.

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the oil & gas market research report assesses the prominent forecasting factors that are projected to further augment the growth of the oil & gas valves market on a global level as well as regional level. Further, the report offers the key industry dynamics affecting the global oil & gas valves market across its supply chain and value chain.

Future Market Insights’ (FMI) market study titled, ‘Oil & Gas Valves Market: Global Industry Analysis 2014–2021 and Opportunity Assessment 2022–2029’, analyses the global oil & gas valves market, and provides an in-depth analysis on the forecast period of 2022-2029.

In 2014, the global oil & gas valves market was pegged at approximately US$ 10 Bn. The global oil & gas valves market is estimated to be valued at over US$ 12 Bn by the end of the year 2022. The oil & gas valves market is projected to grow at a CAGR of 3.5% during the forecast period of 2022-2029, and reach a value of nearly US$ 16 Bn by the end of 2029.

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A list of Key Players Covered in the Oil & Gas Valves Market are:

• Emerson Electric Co.
• CIRCOR International Inc.
• Schlumberger Limited
• PARKER HANNIFIN CORP
• Weir Group Plc.
• Metso Corporation
• BAKER HUGHES

Downstream Applications Contributing a Major Share to Oil & Gas Valves Market

By product type, the global oil & gas valves market has been segregated into gates, globes, balls, butterflies, checks, PRVs, and others. The gate type of oil & gas valves are estimated to continue recording a high market value share throughout the projected period, while recording a high CAGR simultaneously.

With respect to the different sizes of oil & gas valves, the oil & gas valves market has been segmented into 0.25 to 8 inches, 8 to 20 inches, and above 20 inches. By the end of the year 2029, the 0.25 to 8 inch-sized oil & gas valves segment is estimated to hold more than half of the global oil & gas valves market share.

With regards to application, the global oil & gas valves market has been segregated into upstream, midstream, and downstream applications. The downstream applications of oil & gas valves are estimated to contribute the most to the market size of the global oil & gas valves market.

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Rising Energy Need and Multiple Oil and Gas Projects in Pipeline Accelerate Market Growth in Developing Countries

Among all the regional markets, the oil & gas valves market in North America is estimated to account for over one-fourth of the global oil & gas valves market share throughout the forecast period, due to continuous advancements in the North American oil & gas and shale industry.

With a booming oil & gas industry in the Western Africa and Northern African countries, the oil & gas valves market in the Middle East & Africa is estimated to record the second-largest market share throughout the forecast period.

The oil & gas valves market in China, India, and Brazil are estimated to be emerging markets due to the growing energy needs, new oil & gas projects, improved economic conditions, and continuous industrialization and urbanization in these countries.

The oil & gas industry is extremely competitive, due to the high presence of established market players. This, in turn, makes the oil & gas valves market fairly fragmented. Leading market players in the oil & gas valves market are very well-established across all the regional markets.

Key vendors in the oil & gas valves market must focus on investing in research and development-related projects, particularly in emerging markets such as China, Brazil, and India.

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Sales in the global carbon brush market are slated to top US$ 2.7 Bn in 2022. Expanding at a healthy 3.8% CAGR, the market size is projected to total US$ 3.6 Bn by 2029.

Future Market Research’s new market research report titled, ‘Carbon Brush Market: Global Industry Analysis 2014-2021 and Market Forecast 2022-2029’, scrutinizes the Carbon Brush Market, and offers critical insights for the forecast period between 2022 and 2029.

As per the report, the global carbon brush market is projected to observe remarkable growth during the forecast period, owing to the aspects such as rising demand from industrial applications, automotive, and electrical hand tools.

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Increasing production is sectors such as industrial applications, automotive, electrical goods, household appliances, energy, and healthcare, among others, has resulted in a drastic growth in the demand for carbon brushes, which are used to conduct electrical current between the stationary and rotating parts of a motor. This describes the anticipated growth of the carbon brush market during the forecast period.

East Asia Projected to Offer Noteworthy Growth Opportunities to the Carbon Brush Market Players

The global carbon brush market is considerably consolidated, with the top 4 players accounting for around one-fourth share of the overall market.

Apart from these 4 players, there are few players in the market that have established themselves at domestic and as well as global levels. Subsequently, market players involved in the carbon brush market are poised to expand into lucrative regions, and are also expending their manufacturing facilities to cater to the ever-growing demand.

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In the global carbon brush market, East Asia is expected to be a prominent region throughout the forecast period, because of the increasing production and consumption of carbon brushes in China. Beside East Asia, North America, including countries such as the U.S. and Canada, is also anticipated to be a lucrative region for the carbon brush market.

The increasing consumption of electrical appliances, industrialization, and surge in automobile sales are some of the cited factors driving the growth of the carbon brush market in East Asia.

Motor Segment, by Application Type, and Industrial Application Segment, by End-Use Industry, to Remain Prominent Over the Forecast Period

Based on product type, the electro graphite segment is expected to remain a dominant segment in the forthcoming years, accounting for a protruding share in the global carbon brush market throughout the forecast period. In terms of the growth rate, the electro graphite segment is considered to project relatively higher growth in the coming years.

On the basis of application, the motor segment is estimated to account for nearly one-third of the market size, owing to their vast applications in various end-use verticals. Based on sales channel, the aftermarket segment is estimated to account for nearly two-third of the market size throughout the forecast period.

Carbon brushes have significant applications in various end-use industries such as automotive, electrical hand tools, industrial applications, household appliances, security and defence, petrochemicals, energy, and healthcare, among others.

The industrial applications segment is projected to be one of the prominent end-use industry segments in the carbon brush market, and is expected to account for more than one-third of the total carbon brush market throughout the forecast period. Besides industrial applications, carbon brushes also find important application in the automotive industry, which is also expected to create significant revenue for the global carbon brush market.

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Future Market Insights (FMI) predicts that the global telehandler market will increase by 4.7% annually in 2022, reaching a value of about US$ 4,210.6 Mn by the year’s end. The demand for telehandlers in infrastructure and construction development projects is increasing. Telehandlers are used by customers in the manufacturing, mineral processing, and mining industries. They have a wide range of applications and the ability to hold a variety of attachments.

The need to shorten the time required for maintaining industrial machinery like overhead cranes is driven by the growing automation of industries. The market for telehandlers expands as a result. Between 2022 and 2030, there is expected to be a significant value CAGR of 5.1% in the global telehandler market.

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According to FMI, the global telehandler market is dominated by North America, who also notes that Europe is a close second due to its organised participants and significant share. By the end of 2030, North America and Europe are anticipated to have a combined revenue share of 70.6% of the global market.

FMI provides key insights about the telehandler market’s growth prospects as well as a comparison analysis of half-yearly data. Due to the expansion of infrastructure projects and global economic development, telehandlers are growing in popularity.

With the acceptance and maturation of the telehandler market, safety features have become more and more crucial. In order to further accelerate the growth of the telehandler market, major players are expanding their sales networks globally.

The difference between the BPS values observed in the Telehandlers market in H1, 2022-Outlook over H1, 2022-Project reflects an increase of 11 units, according to FMI analysis. Additionally, the market is anticipated to increase by 22 BPS in H1 2022 compared to H1 2021. This is a significant factor driving the telehandler market because of the growing demand for cutting-edge technology in construction equipment as a result of the increased level of output.

The market for these devices is anticipated to experience strong demand due to the widespread use of telehandlers in the agricultural industry. Additionally, as a result of the construction industry’s rapid expansion, fleet owners and manufacturers of construction equipment have become more cooperative.

Due to its adaptability in assisting with a variety of complex tasks, high load bearing capacity, and 360° movement capability, the telehandler market is thus anticipated to grow. Telehandlers are anticipated to grow in popularity as construction equipment.

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The US Is the Most Prominent Market for Telehandlers

The U.S. market for telehandlers is anticipated to grow by volume by 3.2% in 2022. Prominent OEMs with the best product portfolios can be found in North America. Governments in developed nations like the US are imposing strict regulations on automakers to require the inclusion of safety features to reduce the rate of accidents.

Furthermore, it is predicted that the market for telehandlers will be driven by additional regulations in developing nations and economies. By the end of 2022, the U.S. market will surpass revenues of  will be driven by additional regulations in developing nations and economies. By the end of 2022, the U.S. market will surpass revenues of $1.497.7 Mn.

The market for telehandlers is increasing in Germany.

Over the estimated period, the German market for telehandlers is anticipated to grow at a CAGR of nearly 4.8%. German industry specialises in the development and manufacture of complex products, particularly capital goods and cutting-edge manufacturing techniques.

Germany’s demand for telehandlers is being driven by the growth of infrastructure projects and the use of these devices in industries like agriculture, manufacturing, and packing. By 2030, the nation’s value is projected to be around US$582 million.

The Telehandlers Market’s Competitive Landscape

To enhance the supply chain for telehandlers, there have been rising acquisition and expansion activities over the past few years. Telehandler producers are utilising “green logistics” to lessen the environmental burden by lowering land pollution brought on by transportation activities.

As more customers look for eco-friendly logistics services, this gives telehandler manufacturers a competitive advantage over their rivals. A number of significant telehandler suppliers are also concentrating on creating new, technologically advanced telehandlers. Numerous manufacturers have begun to appear in this market.

For instance,

• In 2020, Linamar Corporation completed the acquisition of MacDon and its group of companies, a global market leader in the design and manufacturing of specialised agriculture harvesting equipment such as drapers and self-propelled windrowers.
• In 2019, CLAAS updated the SCORPION range to include a new top model – the 960, with a 6.5 t lifting capacity. The telehandler range features a host of refinements and now complies with the Stage V emission standard.

The latest study conducted by Future Market Insights covers all the strategies and success factors of key manufacturers in the market.

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A new market study by Future Market Insights (FMI), forecasted that the compost turning machine market is set to expand at a moderate CAGR of 3.6% between 2018 and 2028.

The study revealed that a growing emphasis on waste management and soil quality management is playing a major growth attribute to the growth of the market. Likewise, the adoption of compost turning machines has substantially increased over the years across construction, agriculture, and manufacturing sectors. This is expected to further fuel the demand for these machines.

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Along similar lines, rising concerns pertaining to the fertility of soil, increasing focus, the introduction of awareness programs, and the implementation of stringent regulations regarding soil health are positively influencing the market growth. For instance, the United Nations declared 2015 as the ‘International Year of Soil’. Such initiatives will continue to boost the adoption of compost turning machines.

“Agriculture segment is likely to channel the majority of revenue to the market, and market players are focusing on developing agriculture-specific products to leverage the growing demand”, says FMI analyst.

Compost Turning Machine Market – Key Takeaways

• The global compost turning machine market is expected to surpass the global valuation of US$ 150 by the end of 2028.
• Rising awareness regarding waste management and soil health management is expected to act as major growth attributes to the market.
• Agriculture sector is forecasted to remain the most lucrative end-use segment to compost turning machines
• Drum type compost turning machine is expected to remain the most sought product owing to early penetration and high preference.
• Elevating face compost turning machines are gaining prominence among end-users owing to the integration of advanced technology and will account for 1/3rd of market share by the end of the forecast period.

Compost Turning Machine Market – Key Trends

• Growing number collaborations between government organizations and private companies to ensure proper sanitation and waste management is expected to emerge as a crucial trend to drive the growth of the market.
• Increasing focus on awareness programs pertaining to the management of e-waste is in turn, positively influencing demand for the machines.

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Compost Turning Machine Market – Regional Analysis

• North America and Europe are expected to cumulatively account for the majority of market share owing to the presence of commercialized agriculture industry in these regions.
• Emerging economies in Asia, China, and Japan are expected to grow 1.4x in volume on the back of surging adoption of biogas generated from compost.
• Other nations in Asia Pacific, such as India and Australia are expected to register healthy growth ascribed to supportive government initiatives.

Compost Turning Machine Market – Competitive Landscape

Some of the key players operating in the market include Terex Corporation, Vermeer Corporation, Eaggersman AG, Scarab International, Midwest Bio-Systems, Inc., Brown Bear Corporation, EarthSaver Equipment Inc., Komptech Group, and Frontier Industrial Corporation, among others. Market players are focusing on launching new products to stay ahead of their contemporaries.

Compost Turning Machine Market – Taxonomy

Type:

• Drum Compost Turning Machine
• Elevating Face Compost Turning Machine

Application:

• Construction Industry
• Agriculture Industry
• Manufacturing Industry

Region:

North America

• U.S
• Canada

Latin America

• Brazil
• Mexico
• Argentina
• Rest of Latin America

Europe

• EU-5
• BENELUX
• Russia
• Poland
• Rest of Europe

South Asia

• India
• Pakistan
• Sri Lanka

East Asia

• China
• Japan
• South Korea

Oceania

• Australia
• New Zealand

Middle East & Africa

• GCC
• Turkey
• South Africa
• Rest of MEA

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Get Valuable Insights into the Compost Turning Machine Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global compost turning machine market, presenting historical demand data (2013-2017) and forecast statistics for the period from 2018-2028. The study divulges compelling insights on the compost turning machine market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

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

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The global automotive wheel coatings market size is predicted to expand at a stable CAGR of 3.1% throughout the projection period from 2022 to 2032. The global market is expected to reach a valuation of US$ 737.6 Mn by the end of 2022 and top a valuation of US$ 1,001.4 Mn by the end of 2032.

The growth of the market is attributed to the decorative and performance coatings made through sustainable technology and environmentally friendly materials are further expected to drive the market in the next ten years. The rising demand for protective coatings, decorative coatings, performance coatings, and anti-corrosive coatings for automotive wheels is anticipated to drive the market during the projected period.

The demand for automotive wheel coatings is anticipated to surge at a steady pace with the rapid growth of the automotive industry. Increasing demand for automotive-like passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) has led to a surging production of vehicles, as well as subsequent accessories such as automotive wheels.

These wheels are most of the time made of metal and metal alloys, which are most likely prone to corrosion in changing weather conditions. Automotive wheel coatings, therefore, are necessary to protect the surface of these wheels from environmental changes and to keep them safe, durable, and ready to perform in a long run.

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Yet another brilliant aspect of automotive coatings is to offer attractive looks to vehicles. In order to enhance the look of an automotive vehicle, innovative designs of wheels coated with catchy and bright colors are expected to drive market growth over the projection period.

This combination would help to boost the demand for cars, especially those falling under the luxury and sports segment among the millennials and gen Z. Thus, demand for wheel coatings for luxury and decorative purposes is also propelling the market.

In addition to that, young buyers and owners of two-wheelers and passenger cars are specifically attracted to using allow rims and metallic coated wheels for their vehicles because they believe that the use of such accessories enhances their vehicle’s look. They also associate the same as the user’s outer personality and status symbol.

Key Takeaways

• The frequency of changing environmental conditions all over the world has significantly surged over recent years which has resulted in leaving a negative impact on the wheels and rims. It has resulted in the corrosion and wear-and-tear of the substrate material. Demand for all-weather coatings from industries such as construction and automotive witnessed decent growth from all over the world, but especially in North American and Atlantic countries.
• The atmosphere in various countries situated in such regions has a high salt content and therefore they become very cold & snowy during the winter season. Such a hostile environment affects the wheel substrate and its coating.
• The tire and wheel are known to be those vehicle components that are subjected to the most complex conditions, it is necessary to shield the wheel with the best possible technology to sustain its longevity. A thorough composition prevents salt from corroding the wheels which help in eliminating the probability of high-magnitude wear and tear. Therefore, demand for all-weather automotive wheel coatings from automobile manufacturers and individual consumers is expected to be a rising trend in the industry.
• Auto accessories shops in present times are loaded with such metallic wheel coatings owing to the high customer demand. In order to meet the rising customer demand, automotive wheel coating manufacturers have launched various wheel coating sprays that can be used without any prior guidance.

Competitive Landscape

Prominent players in the market for automotive wheel coatings are concentrating on the acquisition of other market players in order to increase their consumer base. In addition to that, their rapid expansion and strategic steps include capacity expansions and geographical expansions in emerging economies to bolster the stronghold in the market.

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Key market players are heavily investing in research and innovations for product development. At the same time, they are introducing sustainable coatings with attractive finishing properties to boost sales.

The market for automotive wheel coatings is estimated to be highly consolidated, where key players are expected to account for more than 50% of the market share. Akzo Nobel N.V., Kansai Paint Co. Ltd., PPG Industries Inc., Axalta Coating Systems, BASF SE, Emil Frei Gmbh & Co. KG, Lankwitzer Premium Coatings, TIGER Coatings GmbH & Co. KG, Arsonsisi, and many others are some of the leading manufacturers of automotive wheel coatings.

Automotive Wheel Coatings Market Outlook by Category

By Material Type:

• Acrylic Enamel
• Acrylic Urethane
• Acrylic Lacquer
• Zinc Phosphate
• Epoxy
• Epoxy Polyester
• Polyester
• Polyurethane

By Substrate:

• Aluminum
• Steel
• Others

By Product Type:

• Primers
• Base Coat
• Clear Coat/Topcoat

By Vehicle Type:

• Passenger Cars
• LCVs
• HCVs

By Sales Channel:

• OEMs
• Aftersales

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More Insights into the Automotive Wheel Coatings Market

Over the last few years, China is anticipated to dominate the global chemical manufacturing industry attributing to its low labor costs, rapid investments, flexible government regulations, enormous supply chains, and easy availability of raw materials. Growth in the manufacturing industry has also flourished in end-use industries that cater to the cumulative growth of China as the biggest raw material manufacturer and consumer.

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

Contact Us

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