Optical Measuring Systems Market is expected to grow at a 5.8 percent CAGR between 2022 and 2032 | FMI

The global optical measuring systems market is expected to reach US$ 4230 million in 2022 and US$ 7456 million by 2032, with a CAGR of 5.8 percent during the forecast period (2022-2032).

Increased demand for high-purity grade products in the chemical and pharmaceutical industries is attributed to factors such as the use of optical measuring systems in a variety of applications. The optical measuring systems market is expanding due to rising demand for 3D metrology services, increased adoption of advanced optical measurement solutions, and increased R&D spending.

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Some of the most commonly used optical measuring systems worldwide include autocollimators, measuring microscopes, profile projectors, optical digitizers and scanners, coordinate measuring machines, and video measuring machines. These systems are extensively used in various end-use verticals such as automotive, aerospace and defense, energy and power, electronics manufacturing, industrial, medical, and others.

Automated manufacturing workflows in the automotive industry require a high level of traceability, precision, and repeatability. OEMs and suppliers are collaborating to create innovative solutions to ensure optimal measuring system performance and proper component fit. Metrology-grade 3D scanning solutions are increasingly being used by manufacturers to virtually build high-quality components and parts.

Growing investment in R&D to introduce advanced products is expected to have a positive impact on optical measuring systems market growth shortly. Furthermore, as a result of optical advancements, various companies have adopted modern technologies and automation to introduce high-quality optical measurement devices.

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Optical measuring systems are gaining recognition and adoption in many application industries at a rapid pace due to their exceptional attributes and characteristics that cater to the industry’s challenges efficiently. The development of application industries is the key factor driving demand for optical measuring systems in the coming years.

Key Players:

Some of the key players in the optical measuring systems markets are Nikon Metrology, Bowlers Group, Physical Digital Ltd, Mech Metrology, Carl Zeiss AG, Trimos SA, OMS Corporation, Jenoptik AG, Mitutoyo Corporation, Hexagon Manufacturing Intelligence and others.

Report Scope

Report Attribute Details
Growth Rate CAGR of 5.8 % from 2022 to 2032
Base Year for Estimation 2022
Historical Data 2015-2020
Forecast Period 2022-2032
Quantitative Units Revenue in USD Million and CAGR from 2022-2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered By Light Beam; By Application; Region Forecast till 2032
Countries Covered North America; Europe; APEJ; The Latin America; MEA
Key Companies Profiled Nikon Metrology; Bowlers Group; Physical Digital Ltd; Mech Metrology; Carl Zeiss AG; Trimos SA; OMS Corporation; Jenoptik AG; Mitutoyo Corporation; Hexagon Manufacturing Intelligence
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Laminating Adhesives Market | Overview With Geographical Segmentation By Revenue With Forecast 2027

The global laminating adhesives market is estimated to top US$ 4.33 Bn by the end of 2027 in comparison to the US$ 3.10 Bn registered in 2021. Shifting approach toward low volatile organic compounds (VOCs) & environmentally sustainable adhesives continue to drive global laminating adhesive market.

Growth in disposable products is another factor enabling broader consumption of laminating adhesives in the packaging industry. In 2027, the laminating adhesives market is projected to reach US$ 4.33 Bn in 2027, expanding at a healthy 5.8% CAGR during the forecast period of 2022-2027.

The laminating adhesives market is expected to experience significant growth, owing to growing industries – food, pharmaceutical, automotive and construction. Moreover, governments across the world are substantially investing in the healthcare sector, which is again expected to bolster the demand for laminating adhesives.

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The COVID-19 Impact on Global Market Scenario

The coronavirus (COVID-19) pandemic has significantly affected every facet of industrial sector globally. This has steered several changes in the laminating adhesives market landscape. Self-quarantine regulations have led to supply shortage and event withdrawals, and market players are gradually shifting their sources away from East Asia, given production and manufacturing disturbances in the region.

However, the coronavirus pandemic is likely to boost the adoption of flexible packaging to enhance food safety and thus, would offer new opportunities for players in laminating adhesives market.

In the global laminating adhesives market, food packaging applications are likely to hold key market shares. Among laminating adhesive types, water based laminating adhesives are expected to capture over 50% share of global market value, owing to their low-VOC content that reduces the negative impact on environment.

Key Takeaways of the Study

  • Factors such as increasing disposable incomes and rising urbanization that will continue to boost demand for packaging adhesives and increase packaged consumer goods sold in supermarkets, e-commerce websites, and other retail outlets will augur well for laminating adhesives market.
  • Water based adhesives are estimated to outpace solvent based laminating adhesives market, especially in the US and Europe over the forecast period.
  • North America and Europe are likely to see healthy growth in their respective transportation equipment markets, as manufacturers of automobiles and aerospace equipment are increasingly embracing adhesive technologies to reduce vehicle weight and thus meet fuel efficiency requirements.
  • India is expected to be the fastest-growing market of laminating adhesives, fueled by robust increases in motor vehicle output and construction spending.

Competition Overview

Major players involved in the laminating adhesives market are focusing on expanding their customer base and distribution channel to meet the growing demand for laminating adhesives. For instance, in May 2022, Arkema S.A.’s subsidiary company Bostik S.A. expanded its distribution channel of maintenance, repair, and operations (MRO) in the US. The MRO product line includes glue sticks, anti-seize compounds and lubricants, woodworking lubricants, epoxy adhesives, and aerosol adhesives to satiate the rising demand from manufacturers across the country.

Key players involved in the laminating adhesives market include The DOW Chemical Company, Huber Group, Arkema S.A., TOYOCHEM CO., LTD., Ashland Global Specialty Chemicals Inc., SAPICI S.p.A., H.B. Fuller Company, 3M, Sika AG, Henkel AG & Company, KGaA, Bayer AG, and among others.

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Laminating Adhesives Market by Category
By Product Type:

  • Solvent Based
  • Water Based

By Application:

  • Food Packaging
  • Medical Packaging
  • Industrial Packaging
  • Other End-use

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Aerospace Fiber Optics Market to be valued at US$ 7,338.2 Million from 2022 to 2032| Future Market Insights

Global aerospace fiber optics demand is anticipated to be valued at US$ 3,998.2 Million in 2022, forecast to grow at a CAGR of 6.3% to be valued at US$ 7,338.2 Million from 2022 to 2032.  An optical fiber is a transparent fiber made of glass threads with a diameter slightly greater than that of a human hair. These glass threads are capable of transmitting light between the ends of the fiber, which serves in transmitting signals for communication purposes.

Fibers have replaced metal wires, due to their salient features, such as reduced losses, immunity against electromagnetic interference, high bandwidth and long distance range. Many industries are switching from traditional metal wires to fiber optics and the aerospace industry is adopting this transition as well.

In airplanes, traditional cables have to be carefully insulated as they remain vulnerable to lightning strikes but this is not the case with fiber optics. In aircraft jet engines, inside temperature is measured with the use of fiber optics, which transfer radiation into a radiation pyrometer. In the landing gear instrumentation system, the optical sensing solution is used to face harsh conditions. Attributing to lighter weight, improved reliability and other important features, fiber optics hold strong potential in the global aerospace industry.

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Aerospace Fiber Optics Market: Dynamics

Characteristics, such as reduction in the size and mass of sensors and cables, immunity towards interference of radio frequency, safe operations in vulnerable areas and higher fatigue durability are driving the growth of the aerospace fiber optics market. Growing technology and inventions in the aerospace industry with increasing crowd in civil aviation have also spurred growth of the aerospace fiber optics market. The need for efficient avionics networks, cabin management systems, flight management systems and weather radar systems has significantly accelerated the adoption of fiber optics.

Reduction in the cost of aerospace fiber optics is the primary requirement of costumers. As compared to traditional metal cables, fiber optics are way more expensive. Hence, manufacturers have to face the challenge of cost reduction without compromising the quality of products. The implementation of programs, such as Aerospace Acoustic Emission Monitoring System and Airframe Structural Health Monitoring System is enhancing safety in aircraft, which is an ongoing trend that is resulting in significant growth of the aerospace fiber optics market.

Aerospace Fiber Optics Market: Regional Outlook

With the growing aerospace industry, the global market for aerospace fiber optics is also witnessing a significant rise in demand. The increased requirement for in-flight entertainment systems in the civil aviation sector has positively influenced the aerospace fiber optics market to a large extent. The increasing number of air passengers in emerging economies, such as China and India has resulted in an increase in the number of aircraft, which in turn is a key factor spurring growth of the aerospace fiber optics market in Asia Pacific.

Innovations in technology, such as fully autonomous aircraft for the defense sector in countries, such as Russia and the U.S. have led to growth of the aerospace fiber optics market in North America and Eastern Europe. High investment in the research and development sectors of agencies, including NASA (National Aeronautics and Space Administration), ISRO (Indian Space Research Organization) and JAXA (Japan Aerospace Exploration Agency) is responsible for the significant rise in the aerospace fiber optics market.

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Aerospace Fiber Optics Market: Market Participants

Examples of some of the market participants identified across the value chain of the global aerospace fiber optics market include:

  • Smart Fibres Ltd
  • Corning Incorporated
  • Amphenol Aerospace
  • Carlisle Interconnect Technologies
  • Timbercon, Inc.
  • W. L. Gore & Associates, Inc.
  • Cotsworks LLC
  • kSARIA Corporation
  • QPC Fiber Optic, LLC

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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.

Aerospace Fiber Optics Market: Segmentation

The aerospace fiber optics market can be segmented by product type and by end use type.

By product type, the global aerospace fiber optics market can be segmented as:

  • Single mode
  • Multi-mode

By end use type, the global aerospace fiber optics market can be segmented as:

  • Civil aviation
  • Defense
  • Space

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

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Drug Screening Market is projected to expand at a 16% CAGR during the forecast period by 2032

As per the Future Market Insights research, the drug screening market is forecasted to advance at a tremendous pace with a CAGR of 16% during the forecast period 2022-2032.

Drug Screening Market to reach US$ 5.3 Bn in 2021 to US$ 18 Bn by 2032 showing an immense improvement

A crucial driver of the drug screening market is the overuse of prescribed drugs and the elevated use of narcotics. According to one of the recent World Drug Reports, drug and alcohol abuse and consumption are on the rise globally.

Drug abuse killed nearly 500,000 people, while drug use disorders resulted in the loss of 18 million years of a healthy life, primarily due to opioids. Similar increases in alcohol consumption have been observed, with the consequences being an increase in the incidence of impaired driving.

The rising consumption of illicit drugs and alcohol will accelerate the development of drug screening products and services on the road, fuelling the drug screening market growth.

Some countries, including South Africa, Colombia, Chile, Argentina, and Canada, consider workplace drug and alcohol testing to violate employee privacy. Such prohibitions in various countries may impede the adoption of drug screening devices etc., thereby limiting the overall market growth.

Several new products, devices, and services have also received regulatory approval and are being adopted by government agencies and corporate organizations and are expected to broaden drug screening market opportunities.

Companies in this market are expected to gain new opportunities as their business strategies shift toward oral swab drug tests and the development of the concept of fingerprint-based drug screening, thereby driving the demand for drug screening devices etc.,

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Furthermore, New Psychoactive Substances (NPS) such as tryptamines, ketamine, piperazine, and phenethylamines can be considered emerging trends in the drug screening market. Owing to its low cost and dependability, urine samples are the most commonly used for testing, ramping up urine drug tests.

Influenced by factors as mentioned earlier and developments, the drug screening market is forecasted to touch US$ 11 Bn by 2026.

Key Takeaways:

  • By product type, the consumables segment is likely to dominate the market since they provide improved solutions to make testing accurate and quick, accelerating market growth.
  • As it is a quicker and less invasive sample to collect at the roadside, the oral fluid sample segment is expected to account for a significant drug screening market share by sample type.
  • By drug type, the cannabis/marijuana segment is forecasted to hold sway over the drug testing industry since marijuana or cannabis is the most commonly used illicit substance in critical markets.
  • Drug testing laboratories are predicted to be at the forefront of the market by end-use, owing to their widespread acceptance and accurate result.
  • The drug screening market size accounted for around US$ 5.3 Bn in 2021.

“North America is projected to reign the market owing to the government implementing strict workplace testing regulations as well as expansion strategies followed by players. Furthermore, the region’s high adoption of technologically advanced solutions & favourable reimbursement scenarios has fuelled the market growth. New organ-on-a-chip platforms enable more precise and accurate perception of drug effects on the human body, and its advancements are also contributing to the growth of the North American drug screening market.” asserts an FMI researcher.

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Competitive Landscape:

Some of the notable players in the drug screening market are Premier Biotech (US), Abbott Laboratories (US), Alfa Scientific Designs (US), OraSure Technologies (US), Shimadzu (Japan), Drägerwerk (Germany), LifeLock (US), Thermo Fisher Scientific (US), MPD Inc. (US), Omega Laboratories (US), Psychemedics (US), Roche (Switzerland), and Siemens Healthineers (Germany), Quest Diagnostics (US).

To capture larger market shares, key companies are pursuing various growth strategies such as mergers and acquisitions, geographic expansion, product invention leading to some significant recent developments in the drug screening market.

  • Drager Safety Canada’s Drager drug test 5000 drug testing device received government approval, making it the country’s first roadside oral fluid drug testing device with active government support.
  • Intelligent fingerprinting limited, based in the United Kingdom, has released the world’s first portable fingerprint drug test to detect and analyze marijuana, opiates, and amphetamines. The newly launched device allows for sample collection and analysis in 10 minutes, speeding up the process.

Key Segments

By Sample Type:

  • Urine samples
  • Breath Samples
  • Oral Fluid Samples
  • Hair Samples
  • Other Samples

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By Product and Service:

  • Drug screening
  • Analytical Instruments
  • Rapid Testing Devices
  • Consumables
  • Drug Screening Service

By End User:

  • Drug Testing Laboratories
  • Criminal Justice and Law Enforcement Agencies
  • Hospitals
  • Drug Treatment Centers
  • Individual Users
  • Pain Management Centers
  • Schools and Colleges
  • Workplaces

By Region:

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

About FMI:

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

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Emission Control Catalyst for Marine Market Growing at a Steady 5.5% CAGR during the Assessment Period of 2021 and 2031

The global emission control catalyst for marine market is anticipated to expand at a steady 5.5% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Growing marine fleet size, along with increasing demand for shipping transportation is expected to drive the market over the assessment period.

Catalytic converters remove hydrocarbons, nitrogen oxides and carbon monoxide from exhaust fumes in marine engines. The International Maritime Organization (IMO) has implemented strict regulations for harmful emissions from vessels based on their date of engine installation. New marine engines are equipped with selective catalytic reduction catalyst (SCR) to reduce NOx emissions which is fueling the demand for marine catalysts.

Manufacturers of marine catalysts are offering a wide variety of emission control products and proprietary technologies for emission reductions in marine vessels. They are focusing on providing marine catalysts that comply with existing and anticipated emission regulations.

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Driven by this, the global emission control catalyst for marine market is expected to surpass US$ 1,531.3 Mn by the end of 2031.

As per FMI, the market is predicted to be dominated by China, and the trend is projected to continue over the forecast period. Many manufacturers are designing catalysts to comply with China’s marine engine emission standard, which is expected to continue boosting sales in the market.

Key Takeaways:

  • By product type, demand for diesel-based emission catalysts is expected to surge at a 5.5% CAGR over the forecast period.
  • By application, sales in the fishing boat segment are projected to account for more than 54% of the total market share in 2021.
  • The OEM segment is anticipated to grow at a 4.3% CAGR during the assessment period.
  • Sales of emission control catalyst for marine in the U.S. are projected to increase at a 5.1% CAGR during the assessment period.
  • China is anticipated to emerge as a key market in the East Asia emission control catalysts for marine market over the forecast period.
  • In Southeast Asia, demand in the Indonesia market will grow at a 6.1% CAGR through 2031.
  • Japan and South Korea will collectively account for 29.3% of the total emission control catalyst for marine Market share through 2021.

“Demand for emission control catalysts is expected to be driven by stringent regulations implemented to curb the emission of SOx, CO2, and other harmful gases from different types of marine engines. In addition to this, surging demand for diesel-based catalysts for commercial vehicles will fuel sales in the forthcoming years,” says the FMI analyst.

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Emission Control Catalyst for Marine Market By Category

By Product Type:

  • Diesel-Based Emission Catalyst
    • Diesel Oxidation Catalyst (DOC)
    • Selective Catalytic Reduction Catalyst (SCR)
    • Catalyzed Soot Filter/Diesel Particulate Filter
    • Ammonia Oxidation Catalyst (AMX)
    • NOx Absorbers
  • Gasoline-Based Emission Catalyst
    • Palladium based catalyst
    • Rhodium based catalyst
    • Platinum based catalyst

By Application:

  • Commercial Vessel
  • Offshore Support Vessel
  • Passenger Vessel
  • Power Boat
  • Fishing Boat

By End Use:

  • OEM
  • Retrofit

Competitive Landscape         

Key market players in the global emission control catalyst for marine market elaborated in the report includes BASF SE, Johnson Matthey, Haldor Topsoe, Heraeus Holding, Tenneco Inc., Alfa Laval, NGK Insulators, Cormetech, Cataler Combustion Corporation and others.

Manufacturers are focusing on sustainability and are aiming to increase research & development activities for the development of new products. In addition to this they are investing in production capacity expansions in response a growing consumer pool.

For instance:

  • In January 2021, Hug Engineering introduced selective catalytic reduction solutions that abide to the IMO Tier 3 regulations on exhaust emissions for marine industry.

More Insights into the Emission Control Catalyst for Marine Market Report

In its latest report, FMI offers an unbiased analysis of the global Emission Control Catalyst for Marine Market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope.

The market is segmented on the basis of product type (diesel-based emission catalyst, gasoline-based emission catalyst), applications (commercial vessel, offshore support vessel, passenger vessel, power boat and fishing boat) and end use (OEM and retrofit) across countries and regions (North America, Latin America, Europe, East Asia, South Asia Pacific and Middle East & Africa).

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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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Railcar Unloader Market Key Players, Industry Overview, Applications and Analysis 2032

Unloading bulk material from rail is often a difficult and dirty job; it is often labor-intensive, slow, messy, noisy and unsafe. For that purpose, railcar unloader machines are used to unload materials such as cement, coal, metal, oil, ash and others from rail cars. Railways are the cheapest and safest mode of transferring material from one place to another. Over the years, the rail car industry has grown tremendously as the shipments of crude oil and commodities have increased by 100% and the same growth is expected in the near future.

The global Railcar Unloader market is projected to expand at 8.2% CAGR during the forecast period between 2022 and 2032, as per Future Market Insights (FMI).

As per FMI, Railcar Unloader market is expected to dominate the global market during the forecast period. Railcar Unloader market is projected to top US$ 3,559.4 Mn by 2032.

In addition, emerging rail regions, such as Latin America or Africa/Middle East, contribute to market growth through the continued development of rail systems and infrastructure.
Mega trends such as increasing safety & security concerns, globalization, urbanization or sustainability have a positive effect on the demand for rail parts & solutions. Additionally, the industry is also transformed by significant investments in rail infrastructure, rail services and control, the rail supply market has grown significantly. Therefore, railcar unloaders will play a significant role in unloading material from railcars.

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Railcar Unloader Market: Driver

Globally, the growing need for transporting commodities in a more cost-effective manner for various industries is projected to fuel the demand for railcars. In addition, an increase in the number of various construction projects is anticipated to impact the growth of the global market significantly. As these unloaders are also used at construction sites for the unloading of bulk materials from railcars, these factors are expected to eventually upsurge the demand for railcar loaders during the forecast period.

Railcar Unloader Market: Restraint

Factors such as railcar derailments, strict government regulations and growing oil pipeline infrastructure are expected to hamper the demand for railcars and, in turn, hinder the growth of the railcar unloader market. In addition, limitations associated with the lack of availability of rail tank cars may also affect the demand for railcar unloaders during the forecast period.

Railcar Unloader Market: Trend

Manufacturers are focusing on innovation in product technology to sustain their share in the railcar loader market. For instance, nowadays, unloaders have a working noise level of less than 70 dBA and are available from multi-positioned minor units to single-positioned larger units that are designed to unload a unitrain in four to five hours. This is a trending opportunity for railcar unloader manufacturers.

Railcar Unloader Market: Regional Outlook

Economies such as China and India depend on the rail transportation of goods to support their economic growth. Mainly in India, railcar transportation plays a significant role in carrying goods across the country. China, on the other hand, has taken up BRI (Belt initiative) to connect China with major Euro-Asian countries. Attributing to these factors, Asia Pacific is expected to hold a major share in the railcar unloader market during the forecast period. On the other hand, North America already has a vast & well-established railcar transport network with not many major developments in the market. Therefore, North America is not expected to register any significant growth in the railcar unloadermarket market. Also, with increased Chinese investments in the rail network across various parts of Africa, the Middle-East & Africa region is expected to witness a steady growth rate in the railcar unloadermarket during the forecast period.

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Railcar Unloader Market: Market Participants

Loading platform canopies are often provided by loading platform manufacturers and account for most of the market share globally. Examples of some of the market participants/vendors identified in the railcar unloader market around the globe are:

  • Kinergy Corporation
  • Jamieson Equipment Co.
  • Process Control Corporation
  • The ACT Group
  • NPK
  • Airmatic Inc.
  • Scherzer GmbH

Regional analysis includes:

  • North America (U.S., Canada) Railcar Unloader
  • Latin America (Mexico, Brazil) Railcar Unloader
  • Western Europe (Germany, Italy, France, U.K., Spain) Railcar Unloader
  • Eastern Europe (Poland, Russia) Railcar Unloader
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand) Railcar Unloader
  • Japan Railcar Unloader
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa) Railcar Unloader

Key Segments Profiled in the Railcar Unloader Industry Survey

By Type:

  • Rotary railcar dumpers railcar unloaders
  • Turnover railcar dumpers railcar unloaders
  • C-Shaped railcar dumpers railcar unloaders

By Unloading Material:

  • Solid Material (Railcar Unloader)
    • Frozen Material
    • Metal
    • Coke
    • Ash
  • Liquid Material (Railcar Unloader)
    • Petrol
    • Oil
    • Diesel
    • Others

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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

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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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3D Printing Materials Market is Likely to Witness a Growth at 14.0% CAGR during the Assessment Period by 2031

The global 3D printing materials market is anticipated expand at an impressive 14.0% CAGR over the forecast period. Rapid adoption of technologically advanced manufacturing equipment across various sectors is driving sales of 3D printers worldwide, which is expected to boost the market in the forthcoming years.

Raw materials such as plastics, ABS, PLA, metals & powders, carbon fibers, resins are some commonly used 3D printing materials. Growing trend of utilizing 3D printers to manufacture various kinds of small and large products are boosting the market.

In addition to this, increasing adoption of 3D printing in the building and construction sector is expected to augment the growth of the market. Furthermore, the expansion of automotive, aerospace, electronics and medical is anticipated to remain key growth driver of the global market of 3D printing materials.

As per FMI, North America is expected to remain a lucrative pocket in the global 3D printing materials market. Growth is attributable to the swift commercialization of novel technologies like 3D printing in various industries across the region.

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Key Takeaways:

  • By material type, sales in the metal segment are forecast to grow at a 14.9% CAGR over the assessment period.
  • Based on form, demand for powder 3D printing materials is projected to increase at a 13.5% CAGR through 2031.
  • In terms of applications, sales in the automotive sector are forecast to gain traction at a 13.6% CAGR over the forecast period.
  • The U.S. will emerge as a lucrative pocket in the North America 3D printing materials market.
  • Sales in the China 3D printing materials market are projected to increase at a 15.2% CAGR through 2031.

“Increasing adoption of 3D printing in the healthcare sector and the growing demand for 3D printed plastics for vehicle interiors are expected to drive sales in the market over the assessment period,” says an FMI analyst.

Competition Landscape

Key market participants in the global 3D printing materials market elaborated in the report includes Covestro AG, Arkema S.A., Sandvik A.B., Evonik Industries A.G., EOS GmbH Electro Optical Systems, Ultimaker B.V., Hoganas AB, The EXONE Company, General Electrics, 3D Systems Corporation, Materialise NV, STRATASYS LTD, and MARKFORGED Inc.

Key market participants are focusing on development of innovative 3D printing products to improve their product portfolios. Besides this, players are also investing in mergers, acquisitions, and collaborations to expand their global presence.

For instance:

  • In April 2021, Sandvik and its subsidiary BEAMIT Group announced a new capacity for additively manufacturing components in super-duplex stainless steel, an alloy that combines mechanical strength with extremely high corrosion resistance.

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3D printing materials Market By Category

By Material Type:

  • Plastics
  • Metals
  • Ceramics
  • Others

By Form:

  • Filament
  • Powder
  • Liquid

By Application:

  • Electronics & Consumers
  • Automotive
  • Medical
  • Industrial
  • Education
  • Aerospace
  • Others

About FMI

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

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Wheel studs Market Expectations and Growth Trends Highlighted Until 2032

Wheel studs are employed to hold the wheels of an automobile. They are basically the threaded fasteners mounted through the brake disk or brake drum directly to the vehicle hub. Lug nuts are fitted to the wheel stud to attach the wheel. Earlier OEMs used to employ a threaded hub and bolt arrangement, two parts in place of the three-part stud arrangement, which include the stud, hub and nut. But the added advantages of the wheel stud arrangement compel end users to adopt this arrangement in the replacement of the hub and bolt arrangement. The advantages of wheel studs include ease of mounting and dismounting wheels, and they also have more consistent torque values.

Three types of wheel studs are available in the market, namely screw-in, press-in and welded-in. Among the three, welded-in wheel studs are rarely used, owing to their complex installation. Screw-in studs are simply screwed into the existing threaded bolt hole in the hub while press-in studs are installed from the back side of the disk or drum hub.

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Wheel Studs Market: Regional Outlook

Geographically, the wheel studs market has been segmented into eight regions: the Middle East and Africa, North America, Latin America, Western Europe, Eastern Europe and the East Asia Pacific, South Asia and Oceania. During the forecast period, North America and Europe are expected to hold major shares of the global wheel studs market. They are expected to remain prominent regions during the forecast period, owing to the presence of prominent OEMs in this region. Asia Pacific is expected to be the fastest growing region in the wheel studs market, owing to the high growth of new vehicle sales in the region. North America and Europe are mature markets and account for more than half of the global wheel studs market. The rest of the world is estimated to account for a relatively small share of the wheel studs market.

Wheel Studs Market: Market Participants

Some of the examples of the market participants operating across the value chain of the global wheel studs market include:

  • KAMAX Holding GmbH & Co. KG
  • Valley Forge & Bolt Manufacturing Co
  • Elgin Fastener Group LLC
  • The Cold Heading Co Inc
  • McGee Company Inc
  • Summit Tool Company
  • Superbolt, Inc.
  • Slidematic Industries, Inc.
  • B & D. Thread Rolling, Inc.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K., Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Wheel Studs Market: Segmentation

Based on type, the wheel studs market can be segmented as follows:

  • Screw-in wheel studs
  • Press-in wheel studs
  • Welded-in wheel studs

Based on the vehicle type, the wheel studs market can be segmented as:

  • Passenger cars
  • Compact
  • Mid-size
  • Premium
  • Luxury
  • SUV
  • Light commercial vehicles
  • Heavy commercial vehicles

Based on the material, the wheel studs market can be segmented as:

  • Steel wheel studs
  • Alloy wheel studs

Based on the sales channel, the wheel studs market can be segmented as:

  • Original Equipment Manufacturers (OEM)
  • Aftermarket

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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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About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Surgical Instruments Tracking System Market is projected to grow at a rate of 15% CAGR during the forecast period by 2032

The Surgical Instrument Tracking System Market is expected to grow with a wholesome growth rate of more than 15% over the forecast period 2022-2032, finds Future Market Insights (FMI) in a recent market analysis. With the need to reduce costs and increase productivity, tracking systems are becoming more popular among healthcare providers.

The US FDA’s (Food and Drug Administration) proposed UDI (Unique Device Identification) requirements are expected to promote growth in the surgical instrument tracking systems market. According to the UDI rules, labellers (manufacturers, processors, specification formulators, re-packagers, and re-labelers) of surgical instruments are anticipated to administer immediate marking at the individual instrument degree.

The high system costs, long investment cycles, affordable restraints, and technological boundaries are expected to inhibit market growth to some extent. Also, due to the COVID-19 pandemic, there was seen a little drop in growth in the first quarter of 2021.

With elective and non-elective surgeries held up, delayed, or abandoned worldwide, there was a noticeable drop in the application of surgical instrument tracking systems and consumables.

Surgical instrument tracking systems additionally lead to greater monitoring by responsible parties, while limiting medical errors, resulting in increased demand. Other major drivers for market expansion include usability of such solutions in inventory management and during the work cycle, which includes surgeries, storage, sterilization protocols, and post-surgery. As a result of this, total market sales will reach US$ 900 Mn by the ending of 2032.

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Emerging economies like India and China, as well as countries in the Middle East, Latin America, and Southeast Asia, are likely to provide major growth possibilities for surgical instrument tracking systems manufacturers.

Rising healthcare costs and improving healthcare infrastructure are likely to provide growth opportunities for market players in all of these economies. The surgical instrument tracking systems market will prosper significantly as a result of this.
Key Takeaways

  • In 2022, the North America surgical instruments tracking systems market is expected to account for about 38.5% of the total market.
  • The surgical instruments tracking systems market in Asia Pacific is expected to register a CAGR of 19% over the projected period, owing to the region’s unexplored potential opportunities.
  • The RFID surgical instruments tracking is expected to gain a lot of traction, with a CAGR of 18.4% by 2032, according to surgical instruments tracking system market forecast.
  • Hospital is the dominant sector of surgical instrument tracking systems market, which is estimated to account for more than 33% of revenue by 2026.

Diversification of Portfolio to Be the Key to Market Dominance

Some of the major participants in the surgical tool tracking systems market include Fortive Corporation (US), Material Management Microsystems (US), Becton, Dickinson and Company (BD) (US), Haldor Advanced Technologies (US), Getinge AB (Sweden), and STERIS (US), STANLEY Healthcare (US), Surgical Safety Scanner (US) and many others.

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To get a stronger foothold in the surgical instruments tracking system market, leading companies are focusing on surgical instrument management, and employing innovative marketing strategies, technological advancements, mergers, and acquisitions.

  • Steris, a seller of infection control, surgical equipment, and other hospital supplies, purchased Key Surgical for US$ 850 Mn in October 2020, expanding its geographic reach and adding complementing product lines.
  • T-DOC 2000 surgical tool traceability system was created by Getinge AB and Intelligent InSites, Inc. from reprocessing to inventory and logistics to use, the solution supports the sterile supply workflow of instruments, consumables, and implants.
  • Flexible 6012 and Flexible 6027 RFID tags, which enable mounting flexibility, are durable, and are IP67-rated, were released in July 2020 by Vizinex RFID(US), making them perfect for tracking a variety of assets in indoor situations.
  • In May 2020, STANLEY Healthcare and CISCO linked up. STANLEY’s AeroScout Real-time Location System (RTLS) platform has been completely integrated and certified with CISCO DNA Spaces, the next-generation indoor position services platform, to give healthcare organizations enterprise-wide transparency into the location and condition of equipment and individuals.

Key Segments

By Component:

  • Software
  • Hardware
  • Services

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By Technology :

  • Barcode
  • Radio Frequency Identification (RFID)

By End User:

  • Hospital
  • Public Hospital
  • Private Hospital
  • Other End Users

By Region:

  • North America
  • Latin America
  • Europe
  • Asia-Pacific excluding Japan
  • Middle East & Africa

Key Players:

  • Becton, Dickinson and Company (BD)
  • Haldor Advanced Technologies
  • Getinge AB
  • STERIS
  • STANLEY Healthcare
  • Xerafy
  • Integra Life Sciences Holdings Corporation

About FMI:

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

Contact:

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Residential boiler market to generate a total market opportunity of US$ 49.9 billion by 2032 – Future Market Insights, Inc.

According to Future Market Insights, the global residential boiler market is anticipated to grow significantly during the forecast period (2022-2032). This due to increasing demand for advanced home appliances in residential sector across the globe.

Demand for residential boilers is anticipated to be driven by the growing demand from real estate sector in the U.S., Germany, India, and China. According to the Future Market Insights report, the global residential boilers market is expected to reach US$ 29.5 Bn in 2022 and US$ 49.9 Bn in 2032, growing at a CAGR of 5.4 % from 2022 to 2032.

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During the projected period, the demand for space heating and water heating household equipment is expected to rise along with government development plans, new construction projects, and need for a comfortable lifestyle.

Key Takeaways of Residential Boiler Market Study

  • Residential boilers with capacities under 24 kW are anticipated to rise at a CAGR of 4.8 % during the projection period.
  • By technology, the condensing residential boiler segment will account for more than 70% of the global market.
  • In terms of fuel type, gas is anticipated to account for more than 74% of the global market share.
  • Based on application, the apartment segment is anticipated to expand at a value CAGR of 5.1% by 2032.

“Demand for residential boilers is projected to surge with expansion of real estate market. Shifting lifestyle preferences, governmental regulations, and real estate development plans will propel the demand in the market. To capitalize on growing demand key companies are increasing investment in technological advancements for product enhancement and after-sales service.” says Future Market insights analyst

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Competitive Landscape

Top manufacturers are dominating the residential boiler market globally, which is highly consolidated. Market players are attempting to increase their market share by creating new products and upgrading existing product lines due to technological advancements.

Some of the companies are collaborating to expand their market-based sales channels while concentrating on providing consumers a network of post-purchase services. Additionally, key supply trends like the introduction of new products and significant investments in R&D are followed by producers of residential boilers.

  • Ariston Group
  • BDR Thermea Group
  • Groupe Atlantic
  • Viessmann
  • Vaillant group
  • Robert Bosch
  • Ideal Heating
  • Unical Ag Spa
  • Daikin Industries
  • A.O. Smith Corp
  • Bradford White Corporation
  • Ferroli S.p.A.
  • Burnham Holdings
  • Lennox International
  • Fondital
  • Hoval
  • Noritz Corporation
  • Slant/Fin Corporation
  • ECR International
  • Immergas Group

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Find More Valuable Insights

The research report analyzes the market demand trends of residential boilers. The Egypt market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of residential boilers. As per Future Market Insights research scope, the residential boilers Market has been studied and segmented on the basis of product capacity and end-use. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

Key Segments Covered in Residential Boiler Industry Analysis

By Capacity

  • Below 24 kW
  • 24kW to 35 kW
  • Above 35 kW

By Technology

  • Condensing
  • Non-Condensing

By Fuel Type

  • Gas
  • Oil
  • Electric
  • Others

By Application

  • Apartments
  • Villas
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa (MEA)

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About FMI – Industrial Automation

The Industrial Automation division of FMI offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.

Have a Look at Industrial Automation Domain Related Research Reports:

Field Erected Boiler Market Size – FMI will follow a modelling-based approach and triangulation methodology to estimate field erected boiler market data covered in this report.

Commercial Boiler Market Growth – The commercial boiler market is projected to register a CAGR of 4% during the forecast period, up from US$ 1.98 Bn in 2021 to reach a valuation of US$ 3.04 Bn by 2032.

Marine Boiler Burner Market Trends – The marine boiler burner market is likely to register a CAGR of 5.2% during the forecast period, and is anticipated to reach a market share of US$ 6.85 Bn in 2032.

Industrial Boilers Market Shares – According to technology, the industrial boilers market is divided into condensing and non-condensing. The fuel type division comprises of segments such as coal, natural gas, oil, and others.

Aerospace Fiber Optics Market Analysis – Global aerospace fiber optics demand is anticipated to be valued at US$ 3,998.2 Million in 2022, forecast to grow at a CAGR of 6.3% to be valued at US$ 7,338.2 Million from 2022 to 2032.

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights, Inc

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers

Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

Browse All Reports: https://www.futuremarketinsights.com/reports

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