Lightweight Compact Wheel Loader Market Future Trends, Industry Size and Forecast to 2030

The global lightweight compact wheel loader market is estimated to expand at a sluggish pace, reaching the valuation of US$ 2.03 Bn in 2030. Lightweight compact wheel loaders are emerging as preferred equipment on job sites for many projects, a regular-sized wheel loader may be very large for the worksite. In these cases, lightweight compact wheel loaders offer the perfect option of size, power, and capabilities.

The global lightweight compact wheel loader market is estimated to reach US$ 2.03 Bn by 2030 in comparison to US$ 1.61 Bn registered in 2021. Increasing introduction of novel lightweight compact wheel loaders with integrated advanced technologies such as telematics is expected to favor the growth in the market.

As per the recent survey by FMI, sales in the global lightweight compact wheel loader market are projected to total US$ 1.64 Bn by 2022, exhibiting growth at 2.7% CAGR over the forecast period 2022-2030.

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Key Takeaways of Lightweight Compact Wheel Loader Market Study

  • Remote-controlled lightweight compact wheel loaders are the most recent development in the compact wheel loaders market. Remote controlled compact wheel loaders remove the human element from the production face to avoid accidents. Further, they increase an operator’s quality of life, as the person is working in an office environment instead of underground.
  • In the global lightweight compact wheel loader market, compact track loader is expected to hold approximately a third of market share.
  • Renting a wheel loader has been identified as a new trend in the global market. Skid steer loaders and compact track loaders are gaining attention in the rental market.
  • Manufacturers are offering lightweight compact wheel loader with advanced features and functionality, designed specifically for the rental market to meet user demand for improved operator environment, control, and comfort.

The COVID-19 or coronavirus pandemic has affected a majority of the countries in Europe and Asia, with North America expected to follow soon. The pandemic is causing shutdowns of industrial and commercial activities, drastically hampering the global economy. Long-term supply contracts of the lightweight compact wheel loaders are affected. Recovery will be gradual.

Market Landscape Moving Towards Consolidation

The lightweight compact wheel loader market is expected to dominate by tier-I manufacturers. Tier-I players are focusing on the expansion of their footprints by increasing distribution channels in various regions and establishing manufacturing units. Some prominent players involved in the global lightweight compact wheel loader market are shifting their focus on technological development, product development, and acquisition.

For instance, in 2019, CNH Industrial N.V. developed a new compact wheel loaders with electrohydraulic controls. With more than 20 electrohydraulic actuators and 20 sensors installed on the machine, this technology improves operator controllability and provides an option to select different operating modes.

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LIGHTWEIGHT COMPACT WHEEL LOADER MARKET TAXONOMY

Product

  • Compact Track loaders
  • Skid Steer Loaders
  • Backhoe Loaders
  • Wheeled Loaders

Application

  • Construction
  • Agriculture & Forestry
  • Industrial
  • Utilities
  • Facility/ Property management

Region

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

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LIGHTWEIGHT COMPACT WHEEL LOADER MARKET STRUCTURE ANALYSIS

The global lightweight compact wheel loaders market is highly competitive due to presence of large number of players. Doosan Corporation, Wacker Neuson SE, Hitachi Construction Machinery Co. Ltd, CNH Industrial N.V., are Tier-I players involved the global lightweight compact wheel loader market.

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Expanded Polypropylene (EPP) Foam | Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2031

Rising demand for lightweight vehicles is expected to drive sales in the expanded polypropylene (EPP) foam market. According to a study by Future Market Insights (FMI), the market is expected to exhibit 6.0% CAGR between 2021 and 2031

Globally, the growth of global expanded polypropylene (EPP) foam market is driven by the increasing demand from automotive and industrial packaging industries. EPP foam is a special kind of foam, which is light weight, highly durable, offers energy or shock absorption, and wear, tear, impact and chemical resistance.

Application of EPP foam is expected to increase across diverse industries as they look for advanced industrial packaging solutions. Of these, the automotive sector is expected to account for nearly half of EPP foam sales over the forecast period.

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Key Takeaways from EPP Foam Market Study

  • The global EPP foam market is estimated to reach a market value of US$ 2.24 Bn by 2031
  • Rising automotive production will enable the U.S. account for nearly 80% of sales in North America
  • Increasing construction spending will enable the U.K. market exhibit a solid 5.1% y-o-y growth in 2021
  • Construction and industrial recovery will boost sales in Germany and France
  • Besides China, Japan and South Korea will emerge as key markets backed by rising industrial application in East Asia

 “Despite sluggish growth registered amid pandemic, EPP foam sales are expected to pick up in response to economic recovery across the world. Manufacturers are likely to capitalize on the opportunity by offering quality products and competitive pricing,” said a lead analyst at FMI.

Who is winning?                                                                           

Key manufacturers in the EPP Foam market such asBASF SE, Schaumaplast GmbH & Co. KG, Hanwha Corporation, Recticel, Furukawa Electric Co., Ltd, Knauf Industries, Paracoat Products Limited, Kaneka Corporation, JSP Corporation, ACH foam Technologies,  The Woodbridge Group, SSW Pearl Foam GmbH, Sonoco Products Company, Clark Foam, Bradford Company, Dongshin Industry Inc.,  DS Smith Plastics, Marko Foam Products, Inc., Eurofoam Group, Dongguan City Prosperous Mass Poly Foam Co.Ltd are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

To Know More about EPP Foam Market:

A new market research report published by Future Market Insights (FMI) on the global EPP Foam market report offers in-depth insights into the market demand trends and assessment of opportunities during the forecast period.

The report analyses the EPP Foam market through three different segments- grade type, by manufacturing process, by application and region. The EPP Foam report also offers detailed analysis of pricing analysis by different grade type’s demand across various application and patent analysis in the market.

Want to Know More?

Future Market Insights has published a market research report on the EPP Foam market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the EPP Foam market through three different segments- grade type, by manufacturing process, by application and region.

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Expanded Polypropylene (EPP) Foam Market by Category

Grade Type

  • Low Density
  • High Density
  • Porous PP

Application

  • Automotive
  • Industrial Packaging
  • Consumer Products
  • Building & constructions
  • Others

Region

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

Competitive Landscape

The key players in the EPP foam market are seeking ways to provide higher quality products at lower costs and stable supply for long durations to help industries operate smoothly. Most of the small players go into long-term contracts with contract manufacturers to supply customized products at cost-competitive prices for the end use applications. The EPP Foam market is a fragmented market in which more than half of the market value share is owned by the main players.

About FMI

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Veneer Sheets Market | Outlook On Emerging Application, Revolutionary Trends & Potential Growth Strategies by 2031

As per FMI analysis, the global veneer sheets market is projected to reach a market value of US$ 41,163 Mn by 2031, growing at a CAGR of 2.3% during the forecast period of 2021-2031.

Steady growth registered by the veneer sheets market is attributable to consistently rising demand from commercial and residential construction. In a new study, FMI has forecast the market to reach US$ 33.37 Bn by 2021.

Growth forecasts continue to stay positive, albeit moderate because some of the established markets have been reaching maturity. For instance, despite recovery post COVID-19 in 2020, Europe will continue exhibiting moderate growth through the forecast period.

Veneer is a very thin coating used on the surface of the solid material. Veneer sheets are often glued to a solid material so that an otherwise dull piece of furniture can be made to appear elegant in a cost-effective manner. Moreover, applying a layer of veneer increases the durability of furniture, which makes veneer sheets highly sought-after in the construction sector.

Although the market for veneer sheets is projected to rise consistently, the COVID-19 pandemic is expected to have a major impact on short-term demand pattern. COVID-19 pandemic also has compelled manufacturers to revisit strategies adopted for expansion to ensure steady growth in the near future.

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Also, delays caused in building projects and manufacturing process have contributed to a decline in demand for sheets of veneer. Nonetheless, with economies returning to normalcy post extended lockdown period, sales of veneer sheets are expected to pick up, especially in the residential sector, which has also been identified as leading end-use in the report. FMI has predicted it to account for nearly 65.5% of the market in 2021.

Key Takeaways from Veneer Sheets Market Study

  • Veneer sheet market will pick up pace post decline registered in 2020. FMI has projected the market to record 1.5% Y-o-Y growth in 2021
  • The U.S. will continue leading the market in North America, accounting for 80.9% share in 2021
  • The U.K. is projected to record growth at 1.0% in 2021
  • Germany and France will remain key markets for veneer sheets in Europe
  • Germany and France will continue exhibiting high demand, with Germany forecast to remain dominant in Europe through 2031
  • Japan and South Korea to remain lucrative markets in East Asia. Among these countries, South Korea will exhibit high growth over the forecast period

“Product differentiation is one of the key strategies adopted by the market players. They are focusing on introducing a wide range of veneer sheets, designed keeping in mind specific applications as per consumer requirement,” said a lead FMI analyst.

Veneer Sheets Market: Participant Insights                                                    

Some of the leading companies operating in veneer sheets market are GREENLAM INDUSTRIES LTD., Sauers & Company Veneers, Oakwood Veneer Company, Veneer Technologies, Inc, FormWood Industries, Inc., Turakhia Overseas Pvt. Ltd., CEDAN INDUSTRIES, CENTURYPLY, Ltd,   Herzog Veneers, Inc., Ltd, SR Wood, Ltd, Pearlman Veneers and Flexible Materials Incorporated. These companies are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Key Segments

Product Type

  • Paper-Backed
  • Wood-Backed
  • Phenolic-Backed
  • Laid-Up
  • Others

End Use

  • Commercial
  • Residential

To Know More about Veneer Sheets Market

A new market research report published by Future Market Insights (FMI) on the global Veneer Sheets market report offers in-depth insights into the market demand trends and assessment of opportunities during the forecast period.

The report analyses the Veneer Sheets market through three different segments- product type, end-use, and region. The Veneer Sheets report also offers detailed analysis of pricing analysis by different product types demand across various end-use industries, and patent analysis in the market.

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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Automotive Variable Oil Pump Market Study: An Emerging Hint of Opportunity by 2030

Nowadays, automotive engines require excessively large oil flow, especially at low engine speed, since conventional unregulated pumps lead to substantial losses at higher speed, as the pump’s output depends on engine speed. For effective automotive piston cooling and lubrication, automotive variable oil pumps precisely provide the correct quantity of oil in all conditions, and also help reduce torque absorption in non-critical working points. These pumps also reduce carbon emissions and fuel consumption along the way.

Sales in the global automotive variable oil pump market are slated to top US$ 8.5 Bn in 2022. Expanding at a healthy 2.9% CAGR, the market size is projected to total US$ 10.6 Bn by 2030.

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Key Takeaways of Automotive Variable Oil Pump Market Study

  • Conventional gear pumps controlled with dissipative systems are being replaced by variable oil pumps that can control oil flow rate and pressure without any energy loss.
  • By regulating the flow of oil at variable pressures, heat transfer can be optimized in the piston and head of the engine. This results in reducing the formation of carbon deposits in the engine. This is one of the key factors that is driving the demand for automotive variable oil pumps.
  • Automotive variable oil pumps are able to aid 2% fuel savings on consumers drive cycles as compared to conventional engine oil pumps.
  • Western Europe and North America are expected to hold a substantial market share in the global automotive variable oil pump market through 2030.

“Automotive variable oil pumps offer better fuel efficiency and lower carbon emissions as compared to conventional oil pumps. This feature is playing a key role in positively influencing market growth. Moreover, increasing automotive production will further drive the growth of the global automotive variable oil pump market.”

Automotive Variable Oil Pump Market: Participant Insights

The automotive variable oil pump market is fairly competitive, with the presence of key market participants that have expertise in advanced manufacturing techniques. Market stakeholders in developing markets are poised to expand their business operations and increase value-addition in their product offerings through portfolio rationalization. Furthermore, to endure in the long run, product innovation is one of the key strategies being adopted by market players.

Some of the key market participants in the global automotive variable oil pump market are Continental AG, KSPG AG, Denso Corporation, and Robert Bosch GmbH.

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AUTOMOTIVE VARIABLE OIL PUMP MARKET TAXONOMY

The global automotive variable oil pump market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the readers.

Fuel Type

  • Gasoline
  • Diesel
  • Hybrid

Sales Channel

  • OEMs
  • Aftermarket

Vehicle Type

  • Passenger Cars
  • LCVs
  • HCVs

Region

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

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Market Outlook

As disposable income has increased significantly across various developing nations, the demand for passenger vehicles has grown. Furthermore, the demand for high-performance automotive vehicles has also risen. This has resulted in increasing the demand for automotive variable oil pumps in heavy and light commercial vehicles. A number of automotive variable oil pump suppliers have long-term supplier contracts with OEMs, as per their specific requirements.

More Insights on Automotive Variable Oil Pump Market 

Future Market Insights (FMI) has published a new market research study on the automotive variable oil pump market, which comprises global industry analysis of 2015-2021 and opportunity assessment for 2022-2030. The report provides a perceptive study of the global automotive variable oil pump market through four different segments – fuel type, vehicle type, sales channel, and region. The report deliberates on product usage in various vehicle types, prevailing trends, and technologies. Moreover the study also offers inclusive supply chain analysis pertaining to product usage; procurement and pricing analysis has also been presented in this report.

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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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Self Testing Market is projected to record a CAGR of 5.6% amid the forecast period by 2030

As per the latest market study by Future Market Insights (FMI), the global self-testing market  is projected to record a CAGR of 5.6% amid the forecast period, 2022-2030.

Consumers are swiftly adapting to buy self-testing kits due to early detection of severe allergies or diseases with the assistance of STI/STD self-tests, cancer-tests, and intolerance self-tests. Pharmacies are receiving a positive response online against the conventional approach of buying them from retail pharmacy stores subsequent to seeking medical advice. Market players are formulating these testing kits together with a range of wellness and prevention strategies, scoping from chronic disorder management and acute infection diagnoses to detecting probable risks of diseases.

Moreover, the COVID-19 outbreak and successive ripple effects have obliged retailers to shut down their stores, impacting the profit margins of self-testing kit producers. With brick-&-mortar stores closing down temporarily, players are placing their bets on e-commerce/online platforms to endure pandemic shockwaves.

“Easy accessibility of product via online pharmacies or retail pharmacies is promising the producers to enter into an agreement with distribution and supply chain networks to enter untapped markets and establish a global footprint,” opines FMI analyst.

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Self -Testing Market – Major Takeaways

  • The global self testing market is forecasted to reach a valuation of US$ 11 Bn by 2030.
  • By product, digital monitoring instruments will continue to be the preferred product category as they help care for ailments ranging from chronic to recovery conditions from acute episodes by gathering important patient data at-home settings.
  • Based on the application, around 8 out of 10 users opt for utilizing these kits for testing blood glucose.
  • Among distribution channels, the retail pharmacies will remain dominant attaining revenue close to US$ 3.5 Bn, by 2030.

Self -Testing Market – Key Drivers

  • Demand for reliable and easy self-testing devices and kits has escalated owing to the fast generation of results along with maintaining the privacy.
  • Easy accessibility and advertising schemes are influencing the self-testing market growth, optimistically.
  • Growing awareness concerning healthcare and related ailments along with non-profit organizations and government’s encouragement complements the market growth.

Self -Testing Market – Regional Analysis

  • North America remains the biggest market for self-testing kits, worldwide, trailed by Europe, due to mature healthcare infrastructure and favorable government policies.
  • The European region is anticipated to be the second most lucrative region owing to the increasing occurrence of diabetics and the growing adoption rate.
  • East Asia self-testing kits market is foreseeing huge demand, soaring investments in healthcare infrastructure up-gradation in addition to increasing trend of home diagnosis.

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Self -Testing Market – Competitive Landscape

Market players extend to reap notable revenues from retail pharmacies. Conversely, they are additionally delving into new revenue streams in supermarkets/hypermarkets and online pharmacies. Prominent players operating in the global self-testing market include ARKRAY Inc., ACON Laboratories Inc., Becton, Dickinson & Company, Assure Tech (Hangzhou) Co. Ltd., Roche Holding AG, Bionime Corporation, True Diagnostics Inc., and Quidel Corporation.

Self- Testing Market – Taxonomy

Product

  • Digital Monitoring Instruments
  • Midstreams
  • Cassettes
  • Cups
  • Strips
  • Test Panels
  • Dip Cards
  • Others

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Application

  • Pregnancy & Fertility Testing
  • Blood Glucose Testing
  • STD/ STI Testing
  • Cancer Testing
  • Cholesterol Testing
  • Drug of Abuse Testing
  • Thyroid Testing
  • HIV Testing
  • Others

Sample

  • Blood
  • Urine
  • Stool
  • Saliva
  • Semen
  • Vaginal Swab

Distribution Channel

  • Drug Stores
  • Retail Pharmacies
  • Supermarket/Hypermarket
  • Online Pharmacies

Regional Outlook:

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

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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Sulfone Polymer Market | Trends, Opportunities, Emerging Technologies and Growth Analysis by Forecast to 2030

The sulfone polymer market is expanding due to the increase in demand for amorphous thermoplastics with higher strength and hydrolytic stability. A recent study by Future Market Insights (FMI) states that the global sulfone polymer market is expected to grow at 5.0% CAGR through 2030.

According to the report, the surge in demand from the healthcare and consumer products segments will propel the growth of the sulfone polymer market throughout the forecast period between 2022 and 2030.

Sulfone polymer is increasingly used in electrical and electronics industry for miniaturization of electronics. Demand for sulfone polymer from the electrical and electronics industry is anticipated to be worth US$ 354 Mn by 2030. This in turn is expected to bolster the growth of sulfone polymer market. FMI offers a holistic overview of the sulfone polymer market along with the detailed insights into growth drivers, restraints, and potential.

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Some of the key takeaways from the report are highlighted below

  • The surge in demand for polyphenylsulfone polymer is anticipated to boost the market during the forecast period
  • The rise in requirement from healthcare end user is projected to fuel the sales of sulfone polymer
  • North America will lead the global sulfone polymer market owing to the high demand in the countries such as the U.S., Canada, and others
  • East Asia will emerge lucrative in the global sulfone polymer market in the coming years

“Sulfone polymers have unique properties and can remain transparent even when exposed to high temperature. This attribute makes it highly sought-after for use in connector’s blocks and circuit boards. There is immense scope for application across various industries, which is why leading players are focusing on expansion of their capacities. This trend will continue creating growth opportunities for the market,” says an FMI analyst.

COVID-19 Impact Analysis

Key end users of sulfone polymer market such as automotive & transportation, electrical & electronics, and others have been left battered due to the deadly COVID-19 pandemic. This has hampered the demand for sulfone polymer substantially.

Furthermore, the economic impact of the virus-outbreak has taken a toll on the manufacturing process due to the financial crisis worldwide. For instance, according to the Ministry of Statistics of India, India’s growth in the fourth quarter of the fiscal year 2022 went down to 3.1%. This declining growth is a result of decelerated production across industries, which is expected to hamper growth prospects for the market as well.

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Who is Winning?

The global sulfone polymer market is highly competitive. In order to sustain in the positions, the key players in the market are started with launching of better quality products which target diverse end users.

For instance, SABIC has launched their new extensive range of sulfone polymers such as SUPER™ Metallocene Linear Low Density Polyethylene (mLLDPE), COHERE™ Metallocene Polyolefin Plastomer (POP), and others in the current year.

Sino Polymer has launched their new range of eco-friendly sulfone polymer such as BISPHENOL-A EPOXY VE, BROMINATED FR VE, NOVOLAC VE, and others in the recent year.

Sulfone Polymers Markey by Category

By Product Type :

  • Polysulfone
  • Polyethersulfone
  • Polyphenylsulfone

By End Use :

  • Automotive & Transportation
  • Healthcare
  • Electrical & Electronics
  • Consumer Products
  • Industrial Processing
  • Others

More Valuable Insights on Sulfone Polymer Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global sulfone polymer market, providing historical data for the period of 2015-2021 and forecast statistics for the period of 2022-2030.

In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of end use (automotive & transportation, consumer products, electrical & electronics, healthcare, industrial processing, others), product type (polyethersulfone, polyphenylsulfone, polysulfone), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

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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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Two Wheeler Lead Acid Batteries Market Demand, Scope and Future Estimation until 2029

Two wheeler batteries are installed in both, IC engine-propelled as well as in electric two wheelers, to operate the electric parts of the vehicle. In electric two wheelers, batteries are used to power the engine and transmission of the vehicle. Rising demand for two wheelers, including electric two wheelers, sports bikes, and cruiser bikes, is anticipated to create significant growth opportunities for two wheeler lead acid batteries through 2029.

According to a new research report published by Future Market Insights (FMI), the global two wheeler lead acid batteries market is estimated to exhibit a healthy 5.8% CAGR from 2022 to 2029, to reach a valuation of more than US$ 7.3 Bn by the end of 2029.

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Key Takeaways of Two Wheeler Lead Acid Batteries Market Study

  1. South Asia and East Asia are anticipated to emerge as regions holding substantial market share in the coming years. Large existing fleet and high sales of two wheelers are anticipated to bolster growth in these regions.
  2. The aftermarket segment is expected to grow at a considerable pace, owing to scheduled replacement of the current fleet, increasing use of two wheelers, and growing consumer preference for electric vehicles.
  3. Key players are focusing on partnerships with local servicing stations, distributors, and automotive OEMs to promote their products.
  4. Improving product quality by implementing innovative technologies in the manufacturing process and producing a wide category of products according to the specific demand of customers is vital for market players.
  5. Entering into long-term contracts with end users can provide stability in revenue generation and growth opportunities for market participants.

“Maintenance cost for the battery and prolonged operational life are the key considerations while procuring two wheeler lead acid batteries. In a majority of cases, flooded batteries are replaced with VRLA batteries, owing to their maintenance-free operation and longer lifespan.”

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Two Wheeler Lead Acid Batteries Market: Competitive Landscape

The two wheeler lead acid batteries market is fragmented in nature, owing to the presence of several battery providers across the globe. Tianneng Battery Group Co., Ltd., GS Yuasa, and Chaowei Power Holdings Limited are considered to be the leading players in the two wheeler lead acid batteries market. A majority of market players are strengthening their sales network to improve in the aftermarket segment. They are also focusing on manufacturing durable products at competitive prices.

TWO WHEELER LEAD ACID BATTERIES MARKET TAXONOMY

The global two wheeler lead acid batteries market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

capacity

  • Less than 5 AH
  • 5 AH to 10 AH
  • 10 AH to 20 AH
  • Above 20 AH

Technology

  • I.C. Engine
    • Up to 150 CC
    • 151 -300 CC
    • 301 -500 CC
    • Above 500 CC
  • Electric

Two Wheeler

  • Motorcycles
    • Standard
    • Cruisers
    • Sports
    • Mopeds
    • Electric
  • Scooters
    • Standard
    • Maxi
    • Enclosed
    • Three-wheeled
    • Electric

Battery Type

  • VRLA Batteries
  • Flooded

Sales Channel

  • OEMs
  • Aftermarket

Region

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

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Rising Traffic Congestion and High Cost of Gasoline Pushing Sales of Two Wheelers

Extensive use of two wheelers in developing countries such as India and China to tackle problems such as traffic congestion, poor condition of roads in rural areas, and high gasoline prices are all expected to fortify the growth of the two wheeler lead acid batteries market space.

More Valuable Insights on Two Wheeler Lead Acid Batteries Market

FMI’s research on the two wheeler lead acid batteries market is segmented into six major segments – capacity, technology, two wheeler, battery type, sales channel, and region. This extensive segmentation of the market helps readers evaluate the lucrative opportunities that are present and will appear over the coming years in the global two wheeler lead acid batteries market.

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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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Carbon Steel Market | One the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2030

The carbon steel market size in 2022 has reached close to US$ 833 Bn. According to a recent study by Future Market Insights (FMI), the carbon steel market is forecast to rise at a CAGR of 5.1% between 2022 and 2030. The report is intended to offer an executive-level blueprint of the market to its stakeholders. It studies the growth trajectory and gauges investment feasibility across key segments.

According to the report, the carbon steel market is operating in an environment where lot of waste is generated and a huge amount of energy is consumed. The steel industry is efficiently reducing the waste through waste recovery technologies and through recycling, which has been aiding environmental causes.

The industry has adopted efficient fabrication and manufacturing process, which is reducing the energy consumption. Carbon Steel manufacturers are no longer overheating or overcooling the rolling mills allowing them to manufacture products more efficiently by consuming less energy. Steps taken towards cautious manufacturing had bode well for the market.

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However, despite their efforts, the ongoing COVID-19 crisis has caused deceleration in the industrial production and disruptions in supply chain for 3 quarters of 2022.  Growth recovery in the upcoming years will be backed by the increasing demand from downstream industries such as automotive, construction, and heavy engineering & equipment will drive the carbon steel market.

Key Takeaways of Global Carbon Steel Market Study

  • Globally, the demand for energy efficient and low carbon neutral buildings is increasing. Carbon steel is an affordable and safer solution, which provides high strength, versatility, durability and full recyclability throughout the entire life cycle of buildings
  • Carbon Steel manufacturers are improving its blast furnace technologies by taking full advantage of the converter slag of steelmaking by-products and improving the permeability of the blast furnace. All these factors have led to decrease in the steel manufacturing cost
  • Construction industry is forecast to remain dominant end user through the forecast period. The global construction growth is expected to be 3.9% pa by 2030, as per a study by Oxford Economics, which will aid the overall expansion of the market
  • 25% increase on steel tariffs derivative steel has increased the USA’s domestic steel production. Manufacturers are therefore on the process of implementing and enhancing production capability so as to meet the end-user’s increasing demand
  • The global carbon steel market is expected to witness a plunge in FY2022, and is expected to recover sharply in the subsequent year as the industries across regional hubs have started resumption and augmentation of production and supply operations

 “Carbon steel is used by a wide gamut of industries, which has been aiding expansion of the market despite oversupply recorded in the steel industry. Despite nose-dive growth during ongoing pandemic, the market is forecast to recover especially as leading companies move towards consolidation keeping expansion in their mind,” says FMI analyst.

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Carbon Steel Market By Category

By Grade :

  • Low-Carbon steel
  • Medium-Carbon Steel
  • High-Carbon Steel
  • Ultra High-Carbon Steel

By Form :

  • Hot Rolled Steel
  • Cold Rolled Steel

By Application :

  • Basic and Perforated Sheets
  • Angle
  • Channels
  • Beams
  • Normal Plates and Floor Plate
  • Pipes
  • Tubes
  • Bars
  • Struts
  • Grating

By End Use :

  • Automotive
  • Construction
  • Railways
  • Shipbuilding & Marine
  • Aerospace
  • Energy
  • Heavy Engineering and Equipment
  • Consumer Appliances
  • Cutting Tools

Who is Winning?

The carbon steel market is fairly consolidated, with manufacturing capacities majorly concentrated among tier-I manufacturers. While local tier-2 and tier-3 manufacturers present a stiff competition, tier-1 players leverage their distribution network and brand image in dominating the market space.

Some of the key players in the market are Nucor Corporation, ArcelorMittal, United States Steel Corporation, Baosteel Group, AK Steel Holding Corporation, EVRAZ, Hesteel Group, POSCO, Thyssenkrupp AG, JFE Holdings Corporation, etc amongst many others amongst many others.

Market players have been focusing on strategic expansion and acquisition of manufacturing facilities. This strategy would help companies to expand into new markets to withstand in competitive environment.

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Wood Plastic Composite (WPC) Floorings Market | Worldwide Industry Analysis and New Market Opportunities Explored By 2030

Over the years, the demand for wood-plastic composites (WPC) has significantly increased on the back of the high need for environment-friendly and low-cost raw materials in the residential sector. Likewise, increased spending on infrastructural developments in both the residential and commercial sectors is expected to give a major boost to the market during the forecast period.

There are several benefits associated with WPC floorings, such as low melting temperature and high stiffness as compared to conventional wood alternatives, which give it an edge in the flooring applications over other materials. Furthermore, WPC floorings are visually appealing and are relatively easier to install and maintain as compared to conventional flooring types.

Moreover, their resistance to humidity has also been crucial in cementing it as a fitting substitute for wood floorings or laminates. As WPC floorings are derived from waste materials from the wood industry and recycled plastics, they are considered sustainable and eco-friendly, gaining traction among consumers with high awareness.

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On these lines, backed by its low cost, WPC floorings are gradually replacing other floorings such as traditional wood floorings and luxury vinyl tiles (LVT) flooring. Besides, WPC floorings are easily shaped using conventional tools, minimizing the need for novel equipment, and reducing production cost.

On the other hand, increasing focus on research & development of products to improve their temperature resistance and strength is also expected to positively influence the growth of the market in the years to come.

Having analyzed and scrutinized all the aforementioned facets in its new market study, Future Market Insights (FMI) projects that the global WPC floorings market will grow in value at a healthy CAGR of 7.0% between 2020 and 2030.

Some of the key takeaways from the report include:

  • The global WPC floorings market is projected to surge past valuation of US$ 3,643 Mn by the end of 2030
  • By thickness, 5.5 mm, 6.5 mm, and 8 mm WPC floorings are poised to cumulatively account for more than a 3/4th of the overall market, with the former being the most sought flooring type
  • On the basis of the end-use sector, adoption in the commercial sector is anticipated to drive the majority of revenue, while the retail outlet segment is expected to account for 1/3rd of market value
  • Europe is forecasted to remain the largest regional market through the assessment period, accounting for a share little below one-quarter, owing to the development of the construction industry
  • East Asia and North America are poised to collectively account for over 2/5th of market value, ascribed to the growing trend of smart cities, and increasing emphasis on developing commercial infrastructure

“Market players are focusing on offering customizable products that suit consumer requirements such as color, stiffness, and thickness, among other parameters, to form a loyal consumer base, and are also directing their efforts to offer features such as biodegradability, weather compatibility, etc.” remarks FMI report.

COVID-19 Impact on WPC Floorings Market

The outbreak of COVID-19, which swiftly metamorphosed into a pandemic of unprecedented proportions has led to the curt termination of construction activities across the world. Akin to numerous applications reliant on infrastructural development, the demand for WPC floorings has beheld a steep decline beginning in the first quarter of 2020.

On these lines, lack of workforce, supply chain disruptions, and unavailability of raw materials, among other perils of the pandemic are adversely impacting the growth of the market. On a positive note, a gradual return to normalcy in East Asia beginning from the third quarter of 2020, is likely to mitigate long term consequences to an extent.

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WPC Floorings Market By Category

By Thickness, the WPC Floorings market is segmented as:

  • 4 mm
  • 5 mm
  • 5.5 mm
  • 6.5 mm
  • 8 mm

By End Use Sector, the WPC Floorings market is segmented as:

  • Commercial Buildings
  • Residential Buildings
  • Retail Outlets

Who is Winning?

Market players are focusing on upscaling production and expanding sales facilities to cater to the growing demand and offer enhanced consumer experience. Moreover, widening the product portfolio has also been identified as a crucial growth strategy adopted by market players to strengthen their foothold.

On these lines:

  • Pro-Tek, a UK-based manufacturer, offers five different types of WPC floorings with a wide range of properties, and all the designs are phthalate-free derived from 100% recyclable materials.
  • Oakia, a China-based player, specializes in manufacturing and installing outdoor flooring and decking.

FMI’s report includes profiles of some of the most prominent names in the market including Armstrong Flooring (AFI Licensing LLC), Mannington Mills, Pro Tek, Parterre Flooring, Shanghai SevenTrust Company Co., Ltd., Oakio, SPECTRA CONTRACT FLOORING, Coretec, Tecnodeck, WPC – WOODPLASTIC a. s., Leben India Private Limited, Novowood, Taizhou Huali New Materials Co., Ltd., and Nanjing Xuhua Sundi New Building Materials Co., Ltd, among others.

To Know More About WPC Floorings Market

A new market research report published by Future Market Insights (FMI) on the global WPC floorings market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030.

The report examines the market through four different segments – thickness, end-use, and region. The report also provides an extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply and product adoption across several end-use industries.

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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Over-The-Counter Pain Medication Market Is Set to Expand at A CAGR Of 4.1% To Reach US$ 27.7 Billion During the Forecast Period 2022-2028

The OTC (over-the-counter) pain medication market surpassed US$ 18 billion in 2018, with growth influenced by changing perceptions on generic pharmaceutical drugs, according to a recent study published by Future Market Insights (FMI). The study opines that market revenue will rev up at an improved rate of 3.7% to exceed US$ 19.3 billion in 2019. FMI analyzes various aspects of market growth influencing the OTC pain medication market.

Many consumers are making a shift to generic drugs to reduce total spending on non-prescription or OTC pain medication. Various governing bodies, such as the United States Food and Drug Administration (FDA), have implemented stringent regulations and labeling rules to ensure the safety and effectiveness of OTC pain medications. Leading players in the OTC pain medication market are collaborating with generic drug-makers to capitalize on the trend of consumer inclination towards generic versions of branded OTC pain medications, finds FMI.

The FMI study features valuable and actionable insights obtained through thorough research on OTC pain medication market. Some of the insights mentioned in the study are,

  • Growing geriatric population and prevalence of chronic pain-related disorders among the elderly population is bolstering sales of OTC pain medications.
  • Over 20% of the adult population of the world is already suffering from pain-related disorders and new cased of pain-related problems are reported by over 10% of the global population, which is increasing significantly every years. This is providing an impetus to growth of the OTC pain medication market.

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  • Increasing awareness about the side effects of pain killers, such as stomach ulcers and gastrointestinal problems, may hamper the OTC pain medication market growth.
  • Developed countries will dominate the OTC pain medications market with more than half the revenue share of the market. However, developing countries in Southeast Asia will witness fastest growth in the OTC pain medication market with rapidly developing pharmaceuticals and healthcare sector in the region.

Acetaminophen Drugs Hold Majority Share in OTC Pain Medication Market

The FMI study thoroughly assesses growth of the OTC pain medication market based on various drug classes, such as Nonsteroidal anti-inflammatory drugs (NSAIDS), acetaminophen, and local anesthetics. The study finds that acetaminophens are among the most commonly purchased OTC pain medication, and this drug class holds 45% share in the revenues of OTC pain medication market. As acetaminophen is considered as a safer pain medication than other pain relievers, its demand will continue to remain high in the upcoming years, opines the FMI study.

The Consumer Healthcare Products Association (CHPA), an American trade association, recently published a study on the misuse of acetaminophen-based OTC combination products. The study found that a 28 percent decline was recorded in therapeutic misuse exposures involving acetaminophen-containing OTC combination products. The incidents of acetaminophen misuse decreased from 8,753 to 6,278 between 2007 and 2016, which is a substantial evidence for the safety and effectiveness of acetaminophen-containing OTC pain medications.

Thereby, the FMI study opines that the acetaminophen drugs will maintain a maximum share of over US$ 8.7 billion in the OTC pain medication market through 2019, and the trend will continue to persist in the coming future.

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Governments take Initiatives to Spread Awareness about Safe Use of OTC Pain Medications

Despite the increasing reliance on OTC pain medications, a large consumer group is still skeptical about their effectiveness and positive impacts on health. In order to help consumers to avoid incorrect use of OTC pain medications, many governing bodies including FDA have developed guidelines and tips for patients for choosing appropriate OTC pain medications. Consumers are becoming conscious about the drug fact labeling (DFL) requirements and other regulations vis-à-vis OTC pain medications, which is influencing major dynamics of the OTC pain medication market, projects the FMI study.

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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