Piston Fillers Market Production and Consumption Overview, Statistical Study with Historical Market Size Value-2032

Consequently, manufacturers are increasingly developing novel filling equipment to meet the evolving consumer preferences and needs, which has further driven the applications for such equipment. Piston Fillers Market is a widely used conventional filler with wide applications in the proliferating packaging industry.

Filling has become an integral part of the packaging industry in recent years, and thus the growing packaging industry is fueling growth in the filling equipment industry. Additionally, the rapidly advancing technology in tandem with the growing focus on process automation has changed the way filling equipment sector works.

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They are widely adopted for filling highly viscous and thick products, such as paste, semi paste, and chunky or for viscous chemical preparations, including epoxys, lubricant oil, waxes, grease, adhesives etc. Companies are increasingly leveraging piston fillers to comply with the stringent food grade standards, as this equipment measures a product using a reciprocating piston of a preset volume.

Piston fillers are based on a low cost, conventional technology, which is very easy to understand for most users. As this filling equipment provide fast filling rates with fairly thick products, they have been used widely in the recent years. However, the advent of servo positive displacement fillers has hit the growth in piston fillers market.

Piston Fillers Market – Notable Developments

Some of the leading players operating in the global piston fillers market are Accutek Packaging Equipment, All-Fill Inc., Technopack Corporation Ltd, Cleveland Equipment & Machinery, Raque Food Systems, Apacks, Simplex Filler Company, Busch Machinery, JBT, Filling Equipment Co. Inc., Unifiller Systems Inc, Biner-Ellison Packaging Systems, E-PAK Machinery, and Accutek Packaging Equipment Companies, Inc.

Notable developments in the competitive landscape of piston fillers market include:

  • In February 2019, Linxis Group, a global leader in specialized equipment acquired a Canada-based manufacturer of food portioning equipment, Unifiller Systems, for small and mid-sized bakeries. This acquisition will help Linxis Group in expanding its equipment portfolio and international footprint.
  • In September 2018, a leading player in piston fillers market, Accutek Packaging Equipment Companies Inc. announced its move to a new facility in San Diego County, California to expand their business. The new facility has well planned segregated sections for machining centers, automated cutting and welding, sheet metal shop, assembly, and integration.

Upward Adoption of Used & Reconditioned Equipment to Impede OEMs Growth in Piston Fillers Market

The growing cost of wide range of equipment used in packaging industry has paved way for the adoption of used and reconditioned piston fillers. Companies in packaging sector have been eying at cost-effective means and equipment for filling purposes. This in turn has led to a growing adoption of used and reconditioned filling equipment, which is limiting the growth in piston fillers market. Additionally, many packaging companies are investing in outsourcing their filling needs to contract filling services providers to accelerate overall production, while cutting overall operational costs.

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Demand for Rapid Filling Equipment Fueling Adoption of Automatic Piston Fillers

Automatic filling machine has been witnessing growing traction, owing to the key feature of atomization that accelerates the entire product filling process. High speed of automatic filling equipment, such as automatic piston fillers decrease the assembly line time process significantly. Moreover, automatic piston fillers alleviate the risk of human error and contamination involved while using manual equipment.

As automatic piston fillers can fill precisely and rapidly any viscous liquids, they are witnessing growing traction from packaging companies. Several industry products are benefited from automatic filling equipment such as automatic piston fillers, as they streamline the entire packaging process significantly. Such factors are likely to fuel growth in piston fillers market.

Competitive Market Landscape Prompting Filling Equipment Manufacturers to Invest in Superior Fabrication of Piston Fillers

With industrial end-users increasingly demanding premium quality filling equipment, manufacturers have shifted their focus on high-quality fabrication of piston filler. Amid the rigorous competition in piston fillers market, stakeholders are rapidly adopting customized equipment designs to enhance overall operational efficiency and performance. As tailored piston fillers provide desired volumetric fill, they are witnessing rapid adoption across industries. This growing adoption is further fueling growth in piston fillers market.

Piston Fillers Associated Usage & Cleaning Constraints Impeding Market Growth

High leakage risk associated with piston fillers makes this equipment inappropriate for filling thin products. Furthermore, as piston fillers aren’t easy to clean, companies often become reluctant to invest in such a time consuming equipment. Additionally, the advent of servo positive displacement fillers has the potential to make piston filler equipment obsolete in near future.

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 of the global piston fillers market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with piston fillers market attractiveness as per segments. The report also maps the qualitative impact of various factors on piston fillers market segments and geographies.

Piston Fillers Market – Segmentation

Based on process type, the global piston fillers market is segmented into

  • Manual
  • Semi-automatic
  • Automatic

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Based on form, the global piston fillers market is segmented into

  • Powder
  • Liquid
  • Solid
  • Semi solid

Based on product type, the global piston fillers market is segmented into

  • Check Valve
  • Rotary Valve

Based on design, the global piston fillers market is segmented into

  • Single head
  • Multi head

Based on application, the global piston fillers market is segmented into

  • Food and Beverages
  • Cosmetics
  • Pharmaceutical

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Painting Robots Market 2022 Expectations & Growth Trends Highlighted Until 2031

As per Future Market Insights analysis, the painting robots market is projected to be valued at ~US$ 2.9 Bn in 2021, expanding at a CAGR of ~10.1% over the forecast period of 2021-2031.

The painting robots market will register increasing growth as a result of high demand from various industries including HVAC, furniture, sanitary ware, textiles and heavy engineering equipment.

Industries are exhibiting high demand for flexibility in automation systems to move beyond traditional manufacturing processes, especially for automotive and electronics manufacturing. Application of painting robots is expected to grow in the automotive sector as a result of higher electric vehicle production.

According to the study, Germany, the U.S., and Japan are likely to emerge as highly lucrative market for painting robots. Surging automotive sales in Germany will remain a chief growth driver.

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Key Takeaways of Painting Robots Market Study

  • Painting robots market size will reach US$ 2.92 Bn in 2021
  • The U.S. will emerge as a highly lucrative market, creating absolute dollar opportunity of US$ 334 Mn by 2031
  • Demand for painting robots will grow by 12.7% CAGR in Germany
  • China will lead sales of painting robots in East Asia. Demand for painting robots in China will grow by 7.3% CAGR between 2021 and 2031
  • Japan and South Korea are expected to account for 16% of sales in painting robots market in 2021.

“With manufacturing sector exhibiting high demand of painting robots, market players are expected to focus on customizing features to cater to specific industry requirements. Besides this, they are expected to use diverse marketing platforms for product positioning,” said a FMI analyst.

During the forecast period, the painting robots market is expected to be aggressively driven by demand for automation. With the positive influence from industry 4.0 and the rising applications of quality management systems to enhance efficiency of operations and reduction of error rate, there will be surge in sales of painting robots in the coming years.

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Competitive Landscape

The global market for painting robots is identified to be extremely consolidated, with the top manufacturers controlling about 75-80% of the overall market. Market players are competing to increase their global footprints and collaborate directly with end users.

By providing speed and scalability through their goods, they are producing economic solutions and addressing production issues for their customers. The major players are also focusing on value added services to establish robust service network.

Furthermore, painting robot manufacturers are adopting key supply trends such as easy integration of robots into customers’ systems, easily programmable robots, and flexible deployment to gain competitive edge. Some of the key players in the market are Dürr AG, ABB Ltd, Kuka AG, Fanuc Corporation, Kawasaki Heavy Industries Ltd, and Yaskawa Global.

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Key Market Segments Covered

By Type:

  • Pedestal Robots
  • Robotic Arms

By Payload:

  • Upto 5 Kg
  • Upto 15 Kg
  • Upto 45 Kg

By Function:

  • Painting
  • Painting, Spraying & Coating

By Reach:

  • Upto 1,000 mm
  • Upto 1,500 mm
  • Upto 2,000 mm
  • Upto 2,500 mm
  • Upto 3,000 mm

By Configuration:

  • 6 Axis
  • 7 Axis

By Application:

  • Atomizer
  • Air Gun

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Hand Tools Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2032 

Customizations such as expanded tips to get into hard-to-reach areas or specially developed joints to make the tools, even more, user friendly are in high demand. The global sales of hand tools are expected to grow at a CAGR of 5.9% during the period between 2022 and 2032. The demand in China is expected to grow by 6.0% CAGR from 2022 to 2032 on a value basis.

Manufacturers have comprehended the importance of tool design manipulations, inventions and the addition of new features from time to time. Today, the tools have to be robust, provide reliable performance and are designed in a way that they cater to the requirements of the job for which they are selected.

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“The hand tools market has been exhibiting consistent growth, despite a temporary lull witnessed amid COVID-19. Factors such as the rapidly growing urbanization in developing economies and the adoption of technologically sound and innovative hand tools have been encouraging market players to focus on innovations. Moreover, an increase in the practice of DIY activities is expected to create positive prospects for hand tools market growth over the forecast period,” said a lead analyst at FMI.

According to FMI, the market for hand tools is growing primarily due to the versatile features of hand tools such as the reduced size of the tool kit, maintenance & weight, and the increasing preference for multiple tools for multiple applications across various industries. Increasing customer preference towards DIY activities to surge the hand tools market globally.

Furthermore, the high cost of maintenance and repair services for auto parts has created an urge among customers to execute do-it-yourself activities on their vehicles for short-term maintenance & repair. This has provided the manufacturers with tremendous potential to manufacture hand tools and launch new & innovative products in the market.

Competitive Landscape

Over the past few years, increasing acquisition and expansion activities have been witnessed to improve the supply chain of hand tools. Several key manufacturers of hand tools supplies are focusing on developing new technology-driven Hand Tools. The emergence of various manufacturers has also been witnessed in this space.

For Instance,

  • In January 2020, the company announced an agreement to acquire Consolidated Aerospace Manufacturing, LLC, a leading manufacturer of speciality fasteners and components for the aerospace and defence market. The acquisition is expected to further diversify the company’s presence in the market.
  • In September 2020, Snap-on Incorporated announced the acquisition of AutoCrib, Inc. The company is a leader in designing, manufacturing and marketing tools and asset controls. This acquisition extends Snap-on Incorporated’s existing tool control offering to users from various sectors.

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

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Some of the leading players operating in the market are Stanley Black & Decker, Inc., Snap-on Incorporated, IDEAL INDUSTRIES, INC., Apex Tool Group, KLEIN TOOLS INC., Emerson Electric Co., Akar Tools Limited, Channellock, Inc., JK Files (India) Limited, Kennametal Inc., Wera Tools

Global Hand Tools Market by Category

By Product Type, the Global Hand Tools Market is segmented as:

  • Wrenches
  • Pliers
  • Screwdrivers
  • Voltage Tester
  • Measuring Tools
  • Hammers
  • Cutters
  • Taps and Dies
  • Hand Saws
    • Hacksaw
    • Pruning Saw
    • Coping Saw
  • Punches
    • Centre Punch
    • Drive Punch
    • Pin Punch
    • Letter Punch
    • Others
  • Others

By Sales Channel, the Global Hand Tools Market is segmented as:

  • Online
  • Offline
    • Authorized Dealers
    • Multi-Brand Outlet
    • Independent Dealers

By End-User, the Global Hand Tools Market is segmented as:

  • DIY
  • Commercial
    • Construction End-User
    • Electrical Service Provider
    • Garage and Workshop
    • Woodworking
    • Metal Fabrication
    • Sanitary End-User
    • Others
  • Industrial

By Region, the Global Hand Tools Market is segmented as:

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

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Dynamic Random Access Memory (DRAM) Market is anticipated to increase at a CAGR of 5% from 2022 to 2032

The global dynamic random access memory (DRAM) market is anticipated to reach a valuation of US$ 10.3 Bn by 2032, with sales growing at a moderate CAGR of 5% from 2022 to 2032. Valued at US$ 5.4 Bn in 2021, the target market will likely surpass US$ 6.9 Bn by the end of 2022. Heightened technological needs like IoT, AI, Big Data, machine learning, industrial and consumer electronics, and ICT infrastructure is driving the demand for the dynamic random access memory (DRAM) market during the forecast period.

The escalating demand for cloud computing, expanding data centers, and the mounting need for high-speed connectivity will fuel the dynamic random access memory market. The advancing cloud computing services require high-speed data transmission, cooling, and backup. High-density memory and low power consumption solutions satisfy these needs of the cloud computing industry. This fuels the growth of the DRAM market. Again, many market manufacturers are keen on creating new graphics dynamic random access memory (DRAM) chips with faster speeds and improved power efficiency as these find extensive applications in powerful 3D games, personal computers, laptops, and equipment that plays high-resolution movies.

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Many players in the RAM industry are pursuing a competitive edge by using state-of-the-art processing technologies and reducing per-unit costs. This is expected to bode well for the target market. New and innovative memory technologies are being adopted by manufacturers, which increases the potential of memory by ensuring the storage of more data at a lower cost than the costly silicon chips utilized in popular consumer electronics such as mobile phones and tablets. Consequently, memory storage chips are being increasingly used in diverse electronic devices which further drives the growth of the DRAM markets. The escalating adoption of memory ICs and microcontrollers in automobile electronics will also contribute to the growth of the target market.

The upsurge in demand for consumer electronics all across the world is expected to result in the easy availability of high-performance DRAM at a fairly low cost. The introduction of advanced wearable gadgets, like smartwatches, will intensify the demand for DRAM. All these considerations will fuel the growth for the target market during the projected period.

“A strong market for semiconductors is expected to fuel the global growth of the dynamic random access memory (DRAM) market over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • Access to a faster Static Random-Access Memory (SRAM) will stunt the market prospects.
  • High demand for memory storage chips facilitates the market growth.
  • High demand for online operability will fuel the market growth in North America.
  • Asia Pacific will dominate the DRAM market due to the expanding semiconductor industry.

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Competitive Landscape 

Etron Technology Inc., Micron Technology Inc., Texas Instruments (TI), Nanya Technology Corp., Advanced Micro Device (AMD), Samsung Electronics Co. Ltd., Elpida Memory Inc., Intel, and Kingston Technology among others are some of the major players in the dynamic random access memory (DRAM) market profiled in the full version of the report.

Leading market players are interested in capitalizing on advanced processing technology to lower the cost of units. These businesses also engage in product innovation and increase their investments in research and development activities. Market participants also utilize collaboration and commercial relationships with important mobile device makers to strengthen their market position.

More Insights into Dynamic Random Access Memory (DRAM) Market Report

In its latest report, FMI offers an unbiased analysis of the global dynamic random access memory (DRAM) market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of architecture (DDR2, DDR5, DDR4, DDR3, others), application (automotive, smartphones/ tablets, consumer products, graphics, data center, PC/ laptop, other application), and region.

According to the latest FMI reports, based on region, the dynamic random access memory (DRAM) market in the Asia Pacific region will exhibit substantial growth owing to the rapid expansion of the semiconductor sector. In addition, support from multiple governments including Taiwan, China, India, and South Korea will bolster the target market prospects in this region.

The dynamic random access memory (DRAM) market in North America will demonstrate impressive growth during 2022-2032. The elevated demand for self-driving vehicle systems and Driver Awareness Systems (ADAS) will amplify the demand for the target market. The rising need for high-memory tablets and smartphones as well as a surge in demand for online operability will further aid the market growth in this region during the forecast period.

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Key Segments Profiled in the Dynamic Random Access Memory (DRAM) Industry Survey

By Architecture:

  • DDR2
  • DDR5
  • DDR4
  • DDR3
  • Others

By Application:

  • Automotive
  • Smartphones/Tablets
  • Consumer Products
  • Graphics
  • Data center
  • PC/Laptop
  • Other Applications

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Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

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3D Mapping and Modeling Market is a projected growth of 13.3% during the year 2022 – 2032

The 3D mapping and modeling market revenues were estimated at US$ 4.4 Bn in 2021 and is anticipated to grow at a CAGR of 13.8% from 2022-2032, according to a recently published FMI report. By the end of 2032, the market is expected to reach US$ 18.2 Bn. Software are having applications in various industries which are adopting 3D mapping and modeling technologies.

Software tools 3D Mapping and Modeling held largest share in the market and this trend is likely to be continued due to the predicted CAGR of 13.3% in the next ten years. Market growth is expected to be fueled by the growing demand for software tools of 3D mapping and modeling owing to its demand which was being driven by its utility in area like IT, medical and engineering.

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Key Takeaways from the Market Study

● Global 3D mapping and modeling market is expected to reach a market size of US$ 18.2 Bn by 2032.

● In 2022, 3D mapping and modeling market value in the U.S. is estimated at US$ 1.8 Bn.

● Software tools of 3D mapping and modeling held the largest share in the market.

● Cloud deployment of 3D mapping and modeling is expected to show the highest potential for growth among the deployment modes. It is expected to grow at a rate of about 13% from 2022 – 2032.

● U.S., being the key market is expected to hold prominent market share and grow at a CAGR of 13.6% during 2022 – 2032.

“The execution of 3D mapping and modeling in virtual reality products in different ventures is expected to develop the clients’ interest which can catalyze the market ahead”, comments FMI analyst.

What Factors are leading to Growth of the 3D Mapping and Modeling industry?

Growing demand of 3D mapping and modeling in construction industry is one of the key factors driving the market growth. Different areas like medical, civil, automotive, among others, further contributes to the increasing sales of 3D mapping and modeling solutions.

3D mapping and modeling utilized in plotting of streets and buildings, spans, and its expanding attachment with augmented reality applications has kept the demand aloft. Furthermore, entertainment and gaming end-uses have additionally affected the sales of 3D mapping and modeling market. Increasing demand for 3D Animation used in smart technologies will also contribute towards the growth of 3D mapping and modeling revenue during the forecast period.

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Who is winning?

A number of regional and global players operate in this market. These companies compete based on the innovation of their products, their quality, their brand reputation, and their market presence in order to sell their products through various industries. A variety of strategies are being employed by companies to remain competitive.

· In Sept, 2020, Autodesk announced Navisworks and BIM 360 Integration for Enhanced Coordination Workflows. Navisworks is one of the BIM solutions that serves design and construction users with the ability to completely review integrated models and data for enhanced control over project planning and outcomes.

· In Nov, 2019, Trimble announced that its browser-based viewer Trimble Clarity is now offered as a stand-alone web application, which has been designed to simplify the visualization and navigation of 3D data

Market Segments Covered in 3D Mapping and Modeling Industry Analysis

By Component:

  • Software Tools
    • 3D Mapping
    • 3D Modeling
  • Services
    • Professional Services
    • Managed Services

By Deployment Mode:

  • Cloud
  • On-premises

By Organization Size:

  • SMEs
  • Large Enterprise

By Vertical:

  • Retail and Consumer Goods
  • Engineering and Construction
  • Healthcare and Life Sciences
  • Transportation and Logistics
  • Government and Defence

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Enterprise Asset Management Market is predicted to close in on a valuation of US$ 4.86 Bn by 2028

The global enterprise asset management market is anticipated to reach a valuation of US$ 4.86 Bn by 2028, with sales growing at a strong CAGR of 7.1% from 2022 to 2028. By the end of 2022, the target market is set to reach an estimated US$ 3.21 Bn. Owing to a growing global economy and the rise of various start-ups and enterprises, the need for effective asset management is also escalating. In addition, the integration of technologically advanced tools into this market will further aid the growth of the enterprise asset management market during the forecast period.

In the past few years, many start-up ventures have been receiving government funds for new projects and enterprise asset management software development. Small and large enterprises continue to choose enterprise asset management software owing to cost-effective asset lifecycle optimization for a modular and fully scalable solution that satisfies organizational needs. This bodes well for the target market.

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Furthermore, the adoption of technologically advanced tools has a positive influence on overall market growth. The rise of Artificial Intelligence (AI) and drone-based enterprise solutions are prime growth drivers of the enterprise asset management software solutions market. This is because AI enables enhanced data handling to take better decisions. Again, the integration of IoT with EAM software plays a vital role in the development of smart cities which fosters growth for the target market.

Again, the use of enterprise asset management (EAM) solutions comes with a set of benefits that further promote its market growth. EAM systems provide asset visibility that gives precise information on identities, materials, and supplies. Enterprise asset management software solutions also allow the control or elimination of overstocking and stockpiling and help lessen fixed capital investments. EAM software proposes far more robust analytical systems for managing assets, workflow analysis, and preventative maintenance.

“Advantages of EAM solutions as well as high adoption rates of Artificial Intelligence and drone-based enterprise solutions will likely propel the global growth of the enterprise asset management market over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • IoT integration will bolster the market prospects during 2022-2028.
  • In 2022, North America will hold 27.5% of the global enterprise asset management market share.
  •  Elevated demand for asset lifecycle management will drive the U.S. enterprise asset management market.
  • Popularity of cloud-based solutions will push the target market growth in China.
  • By deployment, the on-premise segment will generate several lucrative opportunities.
  • By end users, the manufacturing sector will be a major contributor to the overall market growth.

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Competitive Landscape 

Oracle Corporation, SAP SE, Schneider Electric SE, ABB Ltd., MRI Software LLC, CGI Inc., Industrial and Financial Services (IFS) AB, Infor Inc., Ramco Systems Limited, Rockwell Automation Inc., and Bentley Systems Incorporated among others are some of the major players in the enterprise asset management market profiled in the full version of the report.

Leading market players are focusing on offering new and innovative solutions, with a variety of features and other updates, rather than traditional ones. These businesses employ strategic mergers and acquisition tactics to gain the upper hand in the market.

More Insights into Enterprise Asset Management Market Report

In its latest report, FMI offers an unbiased analysis of the global enterprise asset management market, providing historical data from 2013 to 2021 and forecast statistics for 2022 to 2028. To understand the global market potential, growth, and scope, the market is segmented on the basis of deployment (on-premise enterprise asset management, cloud enterprise asset management), industry (government, healthcare, manufacturing, transportation & logistics, oil & gas, banking & finance, retail, others), and region.

According to the latest FMI reports, based on segmentation, the on-premise deployment type is predicted to contribute significantly to the global enterprise asset management market growth. This segment will generate several business opportunities owing to a preference for on-premise EAM systems by companies that need control over the protection of consumer and company data. In terms of end-user, the manufacturing industry will be one of the biggest users of the target market during the projected period.

Based on region, the enterprise asset management market in North America will demonstrate considerable growth during 2022-2028. In 2022, the region will account for 27.5% of the enterprise asset management market share with the market in the United States acting as a major contributor.

The strong presence of a well-developed IT infrastructure, increasing adoption of asset lifecycle management solutions, and enterprises’ heightened focus on observing regulatory and compliance standards are all fueling the growth of the target market in the U.S. In addition to the U.S., China will also present notable growth in the enterprise asset management market during the forecast period.

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Key Segments of Enterprise Asset Management Industry Research

Enterprise Asset Management Market by Deployment:

  • On-premise Enterprise Asset Management
  • Cloud Enterprise Asset Management

Enterprise Asset Management Market by Industry:

  • Government
  • Healthcare
  • Manufacturing
  • Transportation & Logistics
  • Oil & Gas
  • Banking & Finance
  • Retail
  • Others

Enterprise Asset Management Market by Region:

  • North America Enterprise Asset Management Market
  • Latin America Enterprise Asset Management Market
  • Europe Enterprise Asset Management Market
  • East Asia Enterprise Asset Management Market
  • South Asia & Pacific Enterprise Asset Management Market
  • Middle East & Africa (MEA) Enterprise Asset Management Market

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Technology Roadmap

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation/Development Trends

4. Global Market Demand (in Value or Size in US$ Mn) Analysis 2013-2021 and Forecast, 2022-2028

4.1. Historical Market Value (US$ Mn) Analysis, 2013-2021

4.2. Current and Future Market Value (US$ Mn) Projections, 2022-2028

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

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Gaskets and Seals Market is expected to rise at a yearly growth rate of 5.4% Y-o-Y to US$ 102 Billion in 2026

By 2026, the market for gaskets and seals is expected to be worth USD 102 billion, growing at a 5.4% CAGR over the course of the assessment period. The growing need to enhance the performance of various engineering products is anticipated to augment the demand for gaskets and seals. Gaskets and seals are mainly designed to support manufacturers and ensure performance efficiency. These also help in complying with strict standards and specifications.

The demand for static seals is anticipated to surge in the upcoming years owing to the urgent need to control emissions and reduce the risk of unexpected downtime. The increasing focus of major manufacturers on the development of dynamic seals with composite material designs to enhance the product’s functionality is another factor that is projected to boost the high performance gaskets and seals market in future years.

APEJ is projected to dominate the global gaskets and seals market by exhibiting a CAGR of 6.8%, procuring a market value of USD 43 Bn by the end of 2026. Factors, such as rising production of automobiles and steady economic growth in emerging economies, such as India and China are estimated to augur well for the high performance gaskets and seals market.

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The rising overall vehicles production worldwide is set to propel the demand for automotive seals in the future years. As per the International Organization of Motor Vehicle Manufacturers, in 2017, nearly 24806687 vehicles were produced in China, 5645581 in Germany, 203700 in Argentina, and 1671166 in the U.K. These numbers are projected to surge at a fast pace in the assessment period, thereby boosting the demand for automotive seals globally.

The report has also compiled key factors impacting the growth of global gaskets & seals market during the forecast period, which follow:

  • Rising instances of leakage in industrial units that cause considerable loss in terms of property damage & health risks can be averted by use of gaskets & seals
  • The demand for gaskets & seals is also expected to rise on the account of their compliance with several strict regulations, that prompt minimisation of leakage & fugitive emissions, observed across the globe
  • Advent of 3D printing is likely to lower costs of manufacturing gaskets & seals, and will also facilitate the urgency to deliver customised products
  • Key challenges inhibiting the market’s growth during the forecast period are complex manufacturing processes, altering designs and limited material applicability for production of gaskets & seals.

Competitive Analysis:

According to a comparative forecast of global sales of gaskets and seals over the forecast period, global demand for seals will remain slightly higher than that for gaskets. Solid and spiral wound gaskets will be the market’s top-selling products by the end of 2026, accounting for more than US$ 25 billion in global revenue. Dynamic seals, on the other hand, will account for the vast majority of global seal sales. Static seals are expected to account for slightly more than 42 percent of global seals revenue by 2026.

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Gaskets and Seals Market Survey by Category

By Product Type:
  • Gaskets
    • Jacketed Gaskets
    • Solid Gaskets
    • Spiral Wound Gaskets
    • Kammprofile Gaskets
  • Seals
    • Static Seals
    • Dynamic Seals
By Sales Channel:
  • OEM
  • Aftermarket
By Material Type:
  • Metallic
  • Non-Metallic
    • Elastomeric
    • Others
By End Use Industry:
  • Automotive
  • Aerospace
  • Machinery
  • Electronics & Electrical
  • Marine & Rail
  • Others
By Region:
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Middle East & Africa
  • Japan

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LegalTech Market is expected to reach ~US$ 69.7 Bn by 2032

According to the LegalTech industry analysis by Future Market Insights (FMI), the adoption of LegalTech in the market is estimated to grow with a CAGR of 8.9% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 29.8 Bn by the end of 2022. As per FMI, LegalTech market is witnessing major growth owing to the growing demand for analytics, compliance, and document automation.

LegalTech is an industry that implements technology and software in order to provide legal services. Primarily, these businesses rely on software and technology for billing, electronic access, accounting, reputation management, record keeping, etc. Owing to advancements in technology, new business models, and changing customer expectations, the legal sector is undergoing unprecedented upheaval.

Small legal departments are more likely to invest in document management and contract management software, while large legal departments are more likely to invest in e-billing, case management, document management software, and legal hold software, all of which witnessed a spike of 65% in spend penetration.

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Governance, compliance, and contracts management are expected to experience the most growth throughout the forecast period as a result of enterprises having to deal with many governance, regulatory, and compliance concerns.

Companies like PwC are offering advanced legal tech services. The company is focused on providing clients with more effective and thorough services and a stimulating work environment by embracing Legal Tech. For all of the practice areas within PwC’s extensive worldwide legal network, the business is concentrated on identifying and developing improved legal procedures.

Furthermore, in order to give law firms early access to their consulting, technology, legal, and investment innovations, Deloitte and PwC recently established tech incubators. Deloitte Legal Ventures, the legal technology division of the company, will make use of unique goods and services. With advanced solution and service offerings from established and upcoming players in the market, the LegalTech market is expected to witness major growth over the forecast period.

Key Takeaways: LegalTech Market

  • By solution, the LegalTech software segment is anticipated to account for the leading share in the global demand for legal technologies over the forecast period. The LegalTech software segment is further estimated to grow at a robust CAGR of 9.3% through 2032.
  • Among the type segment, case management segment is anticipated to hold the largest share of the global market and is estimated to grow at a CAGR of 8.4% between 2022 & 2032.
  • By end-user, the law firms segment is anticipated to grow at a CAGR of 9.5% between 2022 & 2032. The growth of the segment can be attributed to the increasing demand for LegalTech solutions and services across law firms.
  • North America region is dominating LegalTech market followed by Europe region in 2022. South Asia & Pacific is estimated to grow at the fastest rate over the forecast period.
  • The market in U.S. is expected to progress at a CAGR of around 8.5% through 2032.
  • In India, the LegalTech market is expected to grow at a CAGR of 10.5% during the forecast period.
  • LegalTech market in China is expected to grow at a CAGR of 11.4% during the forecast period.

“Growing need for convenience and compliance across legal processes is expected to drive the growth of LegalTech market” says FMI analyst.

More Valuable Insights on LegalTech Market

Future Market Insight’s report on the LegalTech industry research is segmented into four major sections – solution (software (cloud-based, and on-premises) and services (integration & deployment, consulting, and support & maintenance)), type (case management, lead management, document management, contract lifecycle management, billing & accounting, and others), end-user (law firms, and corporate legal departments), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the LegalTech demand outlook.

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Competitive Landscape

LegalTech market players are focusing on various strategies for increasing their investments in research and development to support future technologies. In addition, several companies are acquiring and entering into partnership agreements with other companies to develop advanced legal tech solutions and services to serve the customers and reduce the churn rate.

Major companies operating in the LegalTech market include LexisNexis, Icertis, DocuSign, Inc., PwC, Deloitte, RPX Corporation, Casetext Inc., Themis Solutions Inc. (Clio), Everlaw, Filevine, Inc., Checkbox Technology Pty Ltd, Mighty, PracticePanther, MyCase, CosmoLex Cloud, LLC., Smokeball, Inc., and TimeSolv, among others. New players are developing cutting-edge technologies and solutions as the legal sector develops, enabling attorneys to give their clients better services. Both law firms and their clients will profit from such advanced solutions and services.

LegalTech Outlook by Category

By Solution, LegalTech Market is segmented as:

  • LegalTech Software
    • Cloud-Based
    • On-Premises
  • Services
    • Integration & Deployment
    • Consulting
    • Support & Maintenance

By Type, LegalTech Market is segmented as:

  • Case Management
  • Lead Management
  • Document Management
  • Contract Lifecycle Management
  • Billing & Accounting
  • Others

By End-user, LegalTech Market is segmented as:

  • Law Firms
  • Corporate Legal Departments

By Region, LegalTech Market is segmented as:

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

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. LegalTech Market – Pricing Analysis

4.1. Pricing Analysis

4.2. Average Pricing Benchmark Analysis

5. COVID-19 Impact Analysis

5.1. Impact of COVID-19 Outbreak on IT End-user

5.1.1. Pre COVID-19 Analysis

5.1.2. Post COVID-19 Analysis

5.2. Expected Recovery Scenario (Short Term/Mid Term/Long Term)

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Water Treatment Market Navigation, Imaging and Positioning Solutions Market

The global water treatment market is projected to grow 6% in 2019 and reach a total valuation of ~US$ 48,951.8 million from ~US$ 46,162.7 million in 2018 as per the recent report published by Future Market Insights. Demand for potable water, changing government regulations, and awareness of the negative impact of untreated water are tipped to be the primary growth drivers of the global water treatment market.

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Water Treatment System Market Outlook and Key Findings

The global water treatment system market is projected to value around US$ 112 Bn in 2030. Water treatment segment to witness rising momentum in coming years. Adoption in desalination process to surge through 2030. Municipality spaces to offer lucrative investment opportunities. North America and Europe currently lead the global adoption. According to the report, several key drivers are expected to fuel the growth of the global water treatment market during the forecast period. The notable driving forces include, growing awareness of the hazardous effects of impure water consumption, steady surge in demand for fresh water, adoption of water treatment systems, and demand for quality water from the domestic and industrial sector.

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The increase in the adoption of new technologies along with focus on R&D will play an instrumental role in shaping the overall growth of the water treatment market in 2019 and the coming years. Further, established players operating in the water treatment market are likely to increase investments in R&D activities, focus on the development of innovative water treatment systems, and offer cost-effective solutions.

In addition, existing players pushing for product innovation, collaborations with EPC companies and local municipalities, development of patented technologies and high capacity treatment systems are likely to gain a competitive edge in the current industry landscape.

Water Treatment System Market Future Outlook – COVID-19 to Highlight the Significance of Wastewater Analysis

Wastewater analysis is emerging as crucial way to examine community transmission of COVID-19. While polluted, unprocessed wastewater does not pose contagion risk, it provides medium of propelling infection rates in societies, and a potential early-warning system for new disease outbreaks.

Case in point, in the Netherlands, evidence of coronavirus were monitored in untreated wastewater six days before the first case was registered. Japan has already started to gather weekly specimens from treated and untreated sewage. Specimens from 15 sewage treatment facilities will be frozen and accumulated until techniques to extract and analyze the coronavirus come into existence.

By Segmentation:

By System Type: Preliminary Treatment, Water Treatment, Membrane Bio-Reactor (MBR), Reverse Osmosis (RO), Micro-Filtration (MF), Nano/Ultra Filtration (NF/UF), Disinfectants (UV, Ozone), Sludge treatment, Activated Sludge, Sludge Thickening & Dewatering, Sludge Drying, Other Sludge Treatment Technology,

By Application: Process Water/ Water Treatment, Waste Water Treatment, Zero Liquid Discharge, Desalination,

By End Use: Residential Buildings, Commercial Buildings, Municipality, Industrial, Chemical & Petrochemicals, Oil & Gas, Mining & Metals, Food & Beverage, Pharmaceuticals, Thermoelectric Power Plants, Semiconductors, Pulp & Paper, Sugar Mills, Textiles, Leather,By Region: North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East, Africa.

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NFT Analytics Tools Market is expected to reach ~US$ 506.2 Mn by 2032

According to the Non-Fungible Tokens (NFT) analytics tools market analysis carried out by Future Market Insights (FMI), the demand registered in the market will increase at a noteworthy CAGR of around 13.7% from 2022-2032.

The report states that the market is expected to reach a valuation of ~US$ 139.8 Mn by end of 2022. As per Future Market Insights, In the near future, the advantages of both firms’ products combined with significant developments, like Adobe’s acquisition of Figma, could have an impact on creators.

For instance, Adobe is the owner of Behance, a platform enables users to link their cryptocurrency wallets and NFTs to their profiles, while Figma offers NFT producers starter kits.

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NFTs can help businesses in a variety of industries with their operations since, at their heart, they have ownership and provenance proof. By offering commercial rights to NFT owners for assets, collections also have access to a powerful branding strategy that supports their public image.

Key Takeaways: Non-Fungible Tokens (NFT) Analytics Tools Market

  • By Tool Type, the Mobile NFT Analytics Tool segment is growing dominantly with a CAGR of around 4% between 2022 & 2032.
  • By End User, the Individual Users is growing dominantly with a CAGR of around 7% between 2022 & 2032.
  • By Region, North America Non-Fungible Tokens (NFT) analytics tools market in 2021 was holding the highest market share of around 2%, whereas the East Asia region is estimated to grow at a CAGR of around 12.1% in the forecast period.

“The NFT analytics tools allow users to track the prices of NFTs, get insights into the NFT market, and help to find out which NFTs are rare and profitable for users. With help of the NFT analytics tool, users can get time-to-time alerts which helps them for profitable investments” says FMI analyst.

Why is the Demand for NFT Analytics tools increasing?

NFT trading is a growing exponent as it has become highly popular with the introduction of NFT platforms. The procedure for buying NFTs has also become easier, resulting in higher adoption of NFTs by general consumers.

With cryptocurrency exchanges increasingly allowing NFTs, the number of users purchasing and trading is expected to increase. NFT transactions are associated with significant and hidden gas charges that most first-time users are unaware of, which creates a restrain for the market.

But, with the help of NFT analytics tools, the user can gather or collect information about hidden gas fees which helps them to save their money. Due to such factors, the demand is NFT analytics tools is increasing during the forecast period.

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More Valuable Insights on Non-Fungible Tokens (NFT) Analytics Tools Market (segment-wise)

Future Market Insight’s report on the Non-Fungible Tokens (NFT) analytics tools industry research is segmented into three major sections –Tool Type (Web-based NFT Analytics Tool, and Mobile-based NFT Analytics Tool), by End User (Individual Users, and Commercial/Business Users), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the Non-Fungible Tokens (NFT) analytics tools demand outlook.

Competitive Landscape

Non-Fungible Tokens (NFT) Analytics Tools Market players are focusing on various strategies for increasing their investments in research and development to upgrade their technologies as per the market requirement. Also, several organizations are acquiring and entering into a partnership with other companies to develop their own Non-Fungible Tokens (NFT) Analytics Tools Market solution to serve the customer demand.

For Instance, In February 2022, NFT Terminal launched an NFT analytics tool to analyze NFT’s real-time data, NFT sales, mints, and transaction trends. This innovation helps the company to fulfill the market requirements.

In May 2022, Quicknode, the blockchain infrastructure provider acquired Icy.tools, an NFT analytics platform. This acquisition helps Quicknode to enhance its NFT analytics product portfolio.

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NFT Analytics Tools Outlook by Category

Global Non-Fungible Tokens (NFT) Analytics Tools Market Outlook Tool Type:

  • Web-based NFT Analytics Tool
  • Mobile-based NFT Analytics Tool

By End User, Non-Fungible Tokens (NFT) Analytics Tools Market Outlook is segmented as:

  • Individual Users
  • Commercial/Business Users

By Region, the Non-Fungible Tokens (NFT) Analytics Tools Market is segmented as:

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

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