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Destemmer is a machine which is used for the separation of the grapes and their stems and then split these grapes into small pieces, so as to collect its juice, which is fermented afterwards. Destemmer works in three different types of functional areas, which are reception hopper, rollers and destemming, these process may be either done in sequence or sometimes not required.

The first process, reception hopper, where grapes are being dumped, and grapes and stems are separated and forwarded to next step. The second process, rollers, where all the grapes get crushed. Rollers are available in different configurations, sizes, and materials.

The third process is known as a destemming process, which is consists of the destemming cage or destemming basket, made up of steel and pierced. This destemming basket consists of spinning bar and paddles which is called as the beater or destemming shaft, which spins and crushed the grapes.

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There are three types of destemmer, which are Crusher-Destemmer, Destemmer-Crusher and Destemmer-Only. Crusher-Destemmer is comparatively less costly and is used in small-scale industries such as at home winemaking level. This type of destemmer, crush the grapes bunch at first level and then separate stems from it, which has a disadvantage of passing the stems before the fermenting process is get placed.

This will lead to the change of flavor due to the presence of stems, as it is less effective. Destemmer-Crusher is a commercial type of equipment which has the configuration of destemming and crushing both. This type has prevented the stems getting mixed and crushed with grapes, which makes the process more efficient, which commonly create a higher quality of the wine.

In this type of machines, grapes are crushed more softly as compared to another type of destemmer. And Destemmer-only machines has little rough destemming action, which does not have rollers, which leads to crack the grapes without rollers. Furthermore, as the destemming is place at a rough level, there is no chance of whole grapes is remain at the end. These type of destemmer are generally used in middle-scale or large scale industries, where the high-quality end product is required.

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Destemmer Market: Market Dynamics

As the destemming has provided various advantages for the wineries and wine industry, the demand for destemmer is increasing rapidly. Various characteristics of destemmer which are attracting the manufacturer of wines are driving the demand for the destemmer in various regions.

Some of the characteristics are, it requires less space, it can improve taste and color of the wine, and it can enhance the alcoholic strength of the product, as it removes all the unwanted particles from the stock.

On the other hand, some of the regions are not awareness about such equipment, and are following traditional process of wine making by rotten grapes (without using filtration and destemming), which is acting as the restraint for the market of the destemmer. However, product innovation and its technological enhancement, such as adding of the filter, better rollers, crushers, etc. will create the various opportunities for the manufacturers of the destemmer.

Destemmer Market: Regional Outlook

Among all the regions, Europe region is capturing the comparatively high market share and also expected to hold a maximum market share of the global destemmer market, followed by Asia Pacific region and Latin America region. The Europe region and Asia Pacific region are projected to hold approximately 50 percentage of global destemmer market.

However, Latin America and North America regions are anticipated to hold a significant market share as these regions can be considered as the potential market for destemmer. On the other hand, The Middle East and Africa region is estimated to grow at stagnant rate of growth over the forecasted period.

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Destemmer Market: Market Participants

Examples of some of the market participants in the Destemmer market identified across the value chain are Zambelli Enotech, Bucher, Scharfenberger GmbH & Co. KG, Criveller Group, ENOITALIA SRL, Scott Laboratories Inc., PERA-PELLENC S.A., BrewcraftUSA, ENOTECNICA PILLAN srl, Winequip, ColloPack Solutions LLC, etc.

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

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.

Destemmer Market: Segmentation

Market segmentation of the Destemmer market on the basis of its Product type:

• Crusher-Destemmer
• Destemmer-Crusher
• Destemmer

Market segmentation of the Destemmer market on the basis of End Use Industries:

• Small Scale Industries
• Medium Scale Industries
• High Scale /Commercial Industries

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The CNC tool storage system, as the name suggests are the systems which are used for storing and arranging the tools in order so that maximum protection of the CNC tools is assured during the transportation, handling and storage in the shop floor. The CNC tools are the most important component of any manufacturing company or machine shops hence they must kept safe and in order so that they can be used longer and effectively.

The CNC tools are very important in the manufacturing and metal cutting industries in the current scenario. They are used widely by the manufacturing industries in their machine shops for the manufacturing of several end use components.

Hence it is important to store these CNC tools properly also these tools are very expensive as compared to conventional tools thus they must be kept properly and safely stored so that they can be used whenever required. Use of the CNC tool storage system for the storage of manufacturing tools increases it life considerably and thereby the whole manufacturing process is optimized.

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The benefits of the using the CNC tool storage system includes, 5S compliant, organized stock inventory, outstanding visual, low maintenance, layout, H&S compliant, three side-access (no overreaching), rapid pick & retrieval flexible, maximizes capacity and extensive range of tool holding types CAPTO/VDI/ISO/BT/HSK etc.

The CNC tool storage system are manufactured and available in various sizes, shapes and designs in the global market. The CNC tool storage system are available as tool racks, mobile carts, stationary storage systems, stationary and mobile storage cabinets, shelving system, etc. in the market.

CNC Tool Storage System market dynamics

The development of new materials for ultimate metal removing tools, which are light in weight and have long life, will play a significant role in the market in the near future which in turn will propel the demand for CNC tool storage system in the global market.

Additionally, the new approaches and technologies towards the manufacturing of upright and reliable CNC tool storage system, in which the CNC tools can be mounted with perfection and ease is expected to be a prominent driver for the global CNC tool storage system market growth.

Ultramodern manufacturing technologies such as additive manufacturing, which simplifies the manufacturing process as well as augments the quality of products along with the production of CNC Tool Storage System in several complex designs & shapes and different sizes will be a remarkable achievement that strengthens the market growth over the forecast period. Correspondingly, the market for CNC tool storage system has experienced a swift growth due to the expansion in the manufacturing sector in all the end user industries globally.

Furthermore, growth in the manufacturing and production of several end use components with the use of CNC tools will propel the growth of the global CNC tool storage system market in near future. The rising use of equipment and machines which are automated and perform their task as programmed by the user with the effective use of machine tools will one of the growth driver for the CNC tool storage system in the global market.

Moreover, many of the manufacturing companies in the global market adopting to the Japanese quality storage techniques such as 5S and 7S there has been rise for such CNC storage systems in the manufacturing facilities which is a strong growth prospects for the overall global market.

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CNC Tool Storage System Market: Regional Outlook

The market for CNC tool storage system is expected to grow at a healthy CAGR during the forecast period. North America and Europe have a high standard of living with luxurious lifestyle and high disposable incomes for using super finished product machined by such CNC Tools, this has led to the growth of CNC tool storage system in the aforementioned regions.

Additionally the manufacturing industries in all the developed regions have been doing very well in the recent decade and the research and development for producing parts and components which are manufactured in less time and efforts will be a prominent driver for the CNC tool storage system market in all the region over the forecast period. Developing nations in the APEJ region, particularly India and China, will play a vital role in the growth of the CNC tool storage system market in the near future.

CNC Tool Storage System Market: Market Participants

Some of the examples of market participants in the global CNC Tool Storage System market identified across the value chain include:

• Pedlex
• Stanley Vidmar
• Metafold Engineering Private Limited
• Innovo Storage Systems
• K.Steel Smith
• MSC Industrial Direct Co., Inc.
• Stor-Loc.
• Wearing Williams Limited.
• Lista International Corp.
• Polstore Storage Systems
• Vertex Engineering Works.
• Fastems

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

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CNC Tool Storage System market segmentation

CNC tool storage system market can be segmented by type of Product Type, Material, and By End Use.

By Product Type, the CNC tool storage system market can be segmented as

• CNC Tool Holder Trolley System
• Shelf System
• Workstation & Table System
• Cabinets & Drawer System
• Others

By Material, the CNC tool storage system market can be segmented as

• Metal Storage System
• Plastic Storage System

By End Use, the CNC tool storage system market can be segmented as

• Automotive & Transportation
• Large Scale Industries
• Medium Scale Industries
• Independent Workshops
• Defense & Aerospace
• Large Scale Industries
• Medium Scale Industries
• Independent Workshops
• Electronics
• Large Scale Industries
• Medium Scale Industries
• Independent Workshops
• General Machining
• Large Scale Industries
• Medium Scale Industries
• Independent Workshops
• Medical/Research
• Large Scale Industries
• Medium Scale Industries
• Independent Workshops
• Others (Oil & Gas, Fabrication, Power, etc.)
• Large Scale Industries
• Medium Scale Industries
• Independent Workshops

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

Contact:
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The global pre-book airport transfer market  is expected to surpass US$ 6.3 Bn in 2021. Between 2021 and 2031, the market is expected to exhibit compound annual growth rate (CAGR) of 23.6%. Spurred by this, the global market valuation is expected to total US$ 52.42 Bn by 2031.

Integration of artificial intelligence (AI), chat-bot, digital payment and other advanced technology in airport transfer services is gaining immense popularity in the pre-book airport transfer market. Against this backdrop, key players are consistently focusing on introducing innovative technologies for better services.

Adoption of AI in airport transfer services has improved the efficiency encouraging the consumers to opt for convenient and leisure services. This in turn is accelerating the sales in the market.

Due to easy internet availability, consumers no longer have to wait in a queue or browse through websites for endless time to book the best airport transfer option. There has been tremendous growth in passenger traffic with the steady decline in the cost of air travel, a reduction of over 70% since 1970.

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The decrease in the cost has led to an increase in accessibility of air travel democratization. Further, air travel is becoming increasingly accessible in the developing countries, with various low-cost travel options, it is no longer a privilege and luxury commodity.

Moreover, chat-bot integrated into the airport transfer booking application or website enables online chat and offers information on nearby vehicle details. Customers can book cars, schedule pickup times, find out car fares, driver details and more easily via text-to-voice or regular text chat.

With these technologies, information about the flight arrival and landing time becomes really convenient and easy. Alongside this, guidance towards the shortest path with the minimum congestion in an airport, assistance for accurately scheduling a pickup time, the vehicle list and booking a ride at just a single touch are some of the factors aiding market growth.

For instance, in 2019, Avis Budget Group, partnered with Verizon and Edison Interactive, and launched an all-in-one digital travel assistant exclusively available to Avis, Budget, and Payless Car Rental customers.

Key Takeaways from the Pre-Book Airport Transfer Market Study

• In terms of transportation, the public transportation is expected to dominate, accounting for a notable share in the pre-book airport transfer market.In terms of purpose, leisure travel is expected to hold a noteworthy revenue share.
• More than 40% of travellers prefer to travel for leisure purpose for enjoyment, amusement, and pleasure.In terms of booking channel, the in-person booking segment will account for lion’s share during the forecast periodIn terms of travel type, solo traveller is anticipated to garner significant market growth during the upcoming years.
• Russia is expected to witness highest growth, registering 6.8% CAGR during the forecast period. Germany is expected to be one of the most lucrative market across Europe, contributing revenues at 2.3%“Competition in the market is expected to be fierce with increasing adoption of innovative technologies. Key players are focusing on acquisition & collaboration strategies to expand their global presence.
• Also, expansion of airport infrastructure, rising air traffic and availability low cost airlines are expected to bolster the growth of the global pre-book airport transfer industry” says an FMI analyst.

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Impact of COVID-19 on the Market

The outbreak of COVID-19 has devastated economies across the globe and impacting the global pre-book airport transfer market negatively. The market players are facing insurmountable and immense challenges due to the global shutdown.

Demand for airport transfer witnessed sudden decline during the FQ-20, with reduced global air traffic at the airport.

However, post-epidemic, safety and hygiene have become the need of the hour, practices for disinfecting the car are followed meticulously. The need for the social distancing regulations and individual mobility is bound to improve the condition of the industry.

For instance, Uber has partnered with experts to develop new safety protocols. This includes providing drivers with Clorox Disinfecting Wipes to the drivers, so that customers can feel safe on their next ride.

In addition, Alamo Enterprise has become a member of the Clorox Safer Today Alliance, an alliance to help create healthier shared spaces now and in the future.

Who is Winning?

Several companies are adopting strategies such as mergers and acquisitions as an effective way of maintaining or increasing market share.

Major players present in the pre-book airport transfer market are SuperShuttle International Company Lyft, Inc., Uber Technologies, Inc., Keys Shuttle, AAA Conch Limo. LLC, A&M Rentals, Avis Company, The Hertz Corporation Greyhound Lines, Inc., Alamo Enterprise, Avis Budget Group, Charter Vans, Inc., Dayton Express Cab Co., Orlando Black Car Inc., Apollo’s Chariots Inc., Advanced Shuttle Company, Charles River Transportation Management Association, Yellow Radio Service, and Budget Rent a Car System, Inc among others. Aggressive promotional strategies, and advertisements, have driven the market growth of pre-book airport transfer globally.

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Market by Category

By Traveler Type:

• Domestic
• International

By Transportation Type:

• Private Transportation
  • Taxes & Shuttles
  • Car Rentals
  • Ride Shares
  • Others
• Public Transportation
  • Inter-City Shuttles
  • Inter-Terminal Shuttles
  • Others

By Age Group:

• 23-25 Years
• 26-45 Years
• 45-60 Years
• More Than 60 Years

By Purpose/Tourist Type:

• Business
• Leisure
• Visit Friends/Relatives
• Education
• Conventions
• Religious
• Health Treatment

By Booking Channel:

• Phone Booking
• Online Booking
• In Person Booking

By Traveler Type:

• Independent Traveler
• Group Traveler

By Region:

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

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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

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

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

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

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

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

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

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

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

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Surging Demand for Personalizing Tour Packages

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

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

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

Who is winning?

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

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

Global Special Interest Tourism Market by Categor

By Purpose:

• Activity
• Educational
• Discovery
• Hobbies
• Challenge
• Relaxation
• Health & Therapy
• Day Tours

By Activity:

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

By Tourist Type:

• Domestic
• International

By Traveler Type:

• Individual
• Couple
• Group
• Professional

By Age Group:

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

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

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The global agritourism market is estimated to register new growth opportunities during the forecast period. The market is projected to rise at a CAGR of ~11.3% between 2019 and 2029 and to reach US$ 622.1 Bn in 2029.

A significant percentage of the general population across the globe may have little or no contact with agriculture. Thus, agritourism plays a key role in making such a demographic aware of the agricultural methods and crop cultivation at farms.

On-farm tourism also is one mechanism which enables non-farmers to learn about agriculture and, in turn, support farm products through purchases made directly or indirectly from family farms. For example, in California, agricultural and on-farm nature tourism has increased in popularity among suppliers (farmers & ranchers) and end users (tourists & consumers of agricultural products and services).

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Key Takeaways from the Agritourism Market Study

• According to the report, Key market players are likely to focus on the product service innovation and penetration in untapped market in Latin America, and MEA. Companies in agritourism market are focused on advertising their tour packages through social media networks and through marketing campaigns.
• Millennials are expected to further drive growth of the global agritourism market during the forecast period due to their active participation in the agritourism activities for recreation purpose and participation in off the farm buying activities.
• Individual travellers are expected to increase during the forecast period due to increasing number of farm study tour and increasing awareness pertaining to the agritourism in the developing countries.

“Companies are recommended to focus on adoption of innovative & attractive services pertaining to various agritourism farm activities for increasing sales of agritourism market. The low awareness among consumers about agritourism when compared with other tourism in some of the developing countries such as India, Thailand, Mexico, and others is major barrier to the market growth. Consequently, effective advertising is essential for the rapid growth of Agritourism market.” says an FMI analyst.

Farm Stays Gaining Popularity

The trend of farms and ranches stay is gaining traction globally at a significant rate, especially in North America. Moreover, promotional activities and campaigns undertaken by various agritourism companies are attracting customers towards farm stay vacations. This is supported by the increasing stress and pollution in the daily life of the urban population, which improves their inclination to spend long-time vacations at farms. This trend is expected to be a major factor fueling the growth of the agritourism market during the forecast period.

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Who is winning?

Some of the key players operating in the agritourism market are as Missao, Field Farm Tours, Bay Farm Tours, AGRILYS Voyages, Agriturismo France, Bay Farm Tours, AL VERNETO, A.C.T. Tours, Kansas Agritourism, Farm To Farm Tours, Trump Tours, Star Destinations, Select Holidays, Quadrant Australia, Domiruth PeruTravel, Expedia Group and others.

Several leading market players are engaged in acquisition, partnership with other companies to increase their product offering across the world. Moreover, companies are engaged in service innovation, launches and advertisement on social networks to promote their products.

• In the 2019, Field Farm Tours organized Red Poll World Conference, World Charolais Congress, the 14th World Guernsey Conference, Devon World Conference, and IFMA Pre & Post Tours and others. This helps the company to significantly increase its revenue.
• In the year 2015, Expedia acquired ‘HomeAway’ for approximately US$ 3.9 Bn. This acquisition helped the company to significantly expandits business by increasing its service offerings through various new websites.

Get Valuable Insights into Agritourism Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global agritourism market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the agritourism market based on activity (overnight stays, special events and festivals, off the farm, and recreation activities and events), tour type (independent traveller), consumer demography (men, women, and children), age group (15-25 years, 26-35 years, 36-45 years, 46-55 years, and 56 years and above), booking channel (online booking and offline booking) across six major regions.

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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Strong government initiatives to boost sales of hybrid and electric vehicles, resulting in traction inverter market growth. Traction Inverter Market Overview: Safety and security taken up as a protuberant driver of the traction inverter market with the notable emergence of numerous heavy-duty public transportation applications.

Governments across various regions have been taking immense efforts in supporting the usage of electric and hybrid vehicles by providing attractive subsidies and incentives to the owners. China has been offering subsidies up to nearly US$ 14,000 based on battery pack size, for every purchase of an electric or hybrid vehicle, whereas Shanghai and Beijing have been offering free registration plates.

Many regions are also allotting grants for developing electric and hybrid vehicles. For example, the U.S. government has granted approximately US$ 2.4Billion for the development of electric and hybrid vehicles with high-density batteries. The U.S. government has also planned to offer incentives to owners of hybrid and electric mobility as tax credits, which is nearly US$ 7,500, depending on the usage of battery type.

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Heavy Investments for Acquisition and Delivering High-Speed Components to Be Key Strategy of Traction Inverter Market Players

Manufacturers in the traction inverter market are shifting their focus towards an advanced and technical version of electric mobility, which in turn boosts the growth of the traction inverter market.

Voith GmbH: The traction inverter market player recently developed FloWing, which is the logical development in relation to the proven technology, BaglessPlus system. These filter discs from the BaglessPlus family could be beneficial for the present disc filters that are inclusive of the ones from other manufacturers as well. European testliner facility is experiencing exclusive benefits of the product with its installation in July 2018. The overall capacity issues were resolved with this installation, thereby diving into growth opportunities for the traction inverter market.

Curtiss-Wright Corporation: The traction inverter market player recently announced its amended credit contract with seven banks for expanding the maturity time span of its $500Million credit facility by extending the accordion feature to $200Million. Curtiss-Wright utilizes this credit facility for funding probable future acquisitions, internal growth initiatives, working capital purposes as well as other general corporate needs. The successful accomplishment of financing offers the company with higher financial flexibility, which in turn is expected to benefit the company’s traction inverter business, thereby throwing positive impacts on the growth of the global market.

Alstom: The traction inverter market player recently mentioned its deliverance of high-speed trains to ONCF (Office National des Chemins de Fer Marocain). The company has supplied onboard level 1 and 2 ERTMS for trains to ONCF. For the first time, high-speed rail has been made available in the African continent and the Moroccan public is given the leverage to have an incredible passenger experience. With the development of more speed rails, the demand and supply of traction inverters are also likely to increase, thereby benefitting revenue sales of the global market.

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High-Power Properties to Pull Up Revenue Sales of Traction Inverter Market

Rapidly increasing demand for efficient, cost-effective, reliable and productive electric propulsion systems has been significantly contributing towards the revenue growth of the traction inverter market. Rising demand for automation along with the transmission with high-power properties further drives the growth of the traction inverter market.

Surging demand for hybrid and electric vehicles driving the usage of electric traction inverters results in global market growth. The development of high-end, lightweight and heat-resistant materials stimulates the progress of the traction inverter market at a positive pace. However, reliability and durability affect the efficiency and productivity of products, which is expected to significantly hamper the production growth of the traction inverter market.

Segmentation of the Traction Inverter Market Is Done Based On End-Use, Application and Product Type

The traction inverter market research report offers a comprehensive analysis of the market across the globe and consists of useful facts and insights with industry-valuated and statistically supported market data. The report comprises of forecasts generated with the help of methodologies and suitable assumptions. Further, the report delivers detailed information regarding the market segments that include industry, end-users and geographies.

The traction inverter market research report compiles lucrative first-hand information along with quantitative and qualitative analysis by the analysts of the industry. Contributions from participants and experts throughout the value chain have also been incorporated in the global report. Trends and macro and micro-economic factors governing the market are also included in the report. Further, the report also mentions the qualitative impacts of many market prospects on regions and segments in the market.

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On the basis of end-use, the traction inverter market has been classified into

• Railway Locomotives
• Elevators
• Escalators
• Electric Vehicle
• HEV (Hybrid Electric Vehicle)
• Pure BEV (Battery Electric Vehicle)
• Others

On the basis of application, traction inverter market has been classified into

• Industrial equipment and machinery
• Electric Mobility
• Public Transportation
• Others

On the basis of product type, traction inverter market has been classified into

• DC Traction Inverter
• AC Traction Inverter

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