Market Research Blog – Page 9506 – New Product Development

Variable Frequency Drive (VFD) Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2031 | Get Insights FMI

The variable frequency drives (VFD) market has grown significantly in recent years, owing to increased infrastructure development opportunities in emerging regions, which has increased demand for heating and ventilation systems. VFD development is currently shifting toward offering industry-specific solutions in order to reduce costs and operational downtime, prompting a slew of manufacturer innovations.

Variable frequency drives are becoming more common in Industry 4.0, particularly in critical environments and the industrial internet of things (IIot). Variable speed drives with embedded logic as onboard programmable logic controllers are becoming more common as factories embrace automation.

One of the IIoT advantages of using VFDs is improved remote access. Technicians can remotely monitor project and equipment conditions, and workers receive alerts faster, allowing them to correct anomalies on time. It is also possible to perform predictive maintenance and real-time monitoring.

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The global automotive industry has made prolific advances in the recent past. Emerging as a multibillion-dollar industry, the autonomous market is characterized by the emergence of a plethora of start-up investments. Consequently, the adoption of high-end HVAC systems and pumps has registered an impressive uptick. According to FMI’s projections, the aforementioned segments collectively accounted for nearly US$ 10 Bn as of 2019.

Prolific growth opportunities exist in the Chinese market, owing to an ever mushrooming automotive industry. Future Market Insights estimates the economic giant to produce 4.5 million variable frequency drives by 2021-end, as production cycles revert to normalcy in the aftermath of the coronavirus crisis. Hence, manufacturers are introducing a slew of technological innovations to tap this ever-expanding opportunity, thus generating powerful revenue ecosystems across the forecast period.

As a result of these advancements, leading manufacturers are increasing R&D to produce smart VFDs. For example, Applied Machine & Motion Control (AMMC) sells the Yaskawa Microdrive collections J1000 and V1000. Such developments are expected.

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Key Takeaways

When operating with heavy loads, it is crucial to keep some parameters in account such as cost optimization, reducing total cost of ownership, and energy conservation. These attributes have registered volume sales exceeding 32 million units in 2020 in the global VFD market.
With consistent improvements and enhanced performance, variable frequency drivers have been positively impacting industrial growth throughout the assessment period.
Manufacturers are likely to experience widening profit margins across the South Asia & Pacific region, with China emerging at the forefront in the wake of exploding construction and automotive sectors.
Germany and the United States are also expected to yield immense opportunities. Based on these trends, the VFD market is poised to grow at a value CAGR exceeding 5% through 2031.

“Rapidly expanding infrastructure for capital projects are attracting frequent capital investments, attributed to the increasing scale of urbanization. Hence, automotive sales are rising, leading to widening revenue pools for VFD manufacturers,” says the FMI analyst.

Competitive Landscape

The variable frequency drives market is a highly competitive market, with a sizeable presence of both global as well as domestic players. However, key players account for nearly half of the market share. It is characterized by large supplier base and strong B2B networks.

The market has robust partnerships throughout the value chain. Suppliers of variable frequency drives adopt acquisition and regional expansion strategies to establish a foothold. Brand consciousness and aggressive marketing make it challenging for new entrants in the variable frequency drives market.

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Variable frequency drives Market : Segmentation

Drive Type

AC Drive
DC Drive

Voltage Range

Low Voltage
High Voltage

Application Type

Standard
Regenerative

End-use Application

Pumps
Fan
Compressor
Conveyor
HVAC
Others

End-use Industry

Oil & Gas
Food processing
Automotive
Mining & Metals
Pulp & Paper
Others

Region

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

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Heated Eyelash Curler Market Analysis and Market Studies for 2032

The heated eyelash curler market is likely to hold the global market at a moderate CAGR of 2.3% during the forecast period. The global market holds a forecasted revenue of US$ 1.27 Billion in 2022 and is likely to cross US$ 1.59 Billion by the end of 2032.

Thus, to meeting growing consumer demand for beauty products, companies are introducing various beauty accessories in the market. The heated eyelash curler is one such fascinating product in innovative beauty accessories. Heated eyelash curler has a built-in heat source that helps in amp up the volume of lashes and creates a long-lasting curl. The growing eyelash curling technique provides women a more long-lasting look.

The conceptions of beauty are continually changing, owing to constant new and innovative developments in the cosmetic industry. Nowadays, the usage of personal care appliances and devices become a necessity for consumers for personal grooming. Changing lifestyle and grooming habit of people worldwide is having a transformative influence on consumer buying behavior.

Consumers in emerging markets are showing an affinity for personal care appliances such as hair appliances, skin care devices, and other beauty accessories. This attention to beauty and personal care products is growing by demographic factors. As, consumers are focusing on physical wellbeing and desire products perceived as safe, high quality, and authentic.

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Reasons for Covering Heated Eyelash Curler Market Title

Growing consumer preference for higher quality products, rise in living standards, increase in middle-class aspirational spending. Also, rise in intense innovation activity by personal care manufacturers resulting in new product development are the factors influencing the growth of the heated eyelash curler market during the forecast period.

Also, growing consumer awareness about the product through digitization and easy product access through e-commerce along with increasing per capita spending on premium products are some other factors fueling the growth of the heated eyelash curler market during the forecast period.

However, the availability of counterfeit products and low industrial as well as government regulatory standards in developing countries are some of the factors that may hamper the growth of the global heated eyelash curler market. Innovative companies with intense research and development infrastructure and marketing expertise are in an excellent position to gain market share in the heated eyelash curler market.

With the increasing working women population and frequency of traveling, there is increasing demand for travel-size appliances and pocket-friendly size devices. This growing trend is creating significant growth in the heated eyelash curler market in the near future. Growing disposable income and demand for personal grooming in the developing countries has created an opportunity for major international players dealing in heated eyelash curler market to increase its penetration in these markets.

Global Heated Eyelash Curler Market: Regional Outlook

The heated eyelash curler market is anticipated to register significant growth across all the regions during the forecast period. The heated eyelash curler market is classified into seven key areas: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa.

North America is expected to be the leading markets in the global heated eyelash curler market owing to high usage of heated eyelash curler products among consumers, frequently launch of innovative products, and high research and development activities in the region. South Asia and East Asia heated eyelash curler market is expected to account healthy CAGR during the forecast period.

This significant growth in the market is due to the large base of young consumers, increasing penetration of international brands through the advent of multinational personal care companies. MEA is likely to offer attractive opportunity in the global heated eyelash curler market attributed to changing lifestyle and shifting of consumers to online and specialty stores.

Global Heated Eyelash Curler Market: Key Players

Some of the key players operating in the global heated eyelash curler market are Panasonic Corporation, Japonesque LLC, Hitachi, Ltd., Lash Star Beauty Company, Blinc Inc., Spectrum Brands Holdings, Inc., Dr. Splendid, ModelCo Company, Chella Company, TOUCHBeauty Company, Zodaca, Ardell Lashes & Beauty Company, Godefroy Beauty Products, and others.

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Global Heated Eyelash Curler Market: Key Developments

Companies in the heated eyelash curler market are adjusting their product lines to accommodate growing millennials. Also, they are searching for creative ways to innovate and redesign their product offerings.

Companies are targeting younger consumers as a growth area in the beauty industry.

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 categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

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

Regional analysis includes:

Malaysia
Thailand
Vietnam
Philippines
Indonesia

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 an in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

Global Heated Eyelash Curler: Market Segmentation

On the basis of product type, the global heated eyelash curler market has been segmented as –

Single Side Eyelash Curler
Double Side Eyelash Curler

On the basis of the price range, the global heated eyelash curler market has been segmented as –

Economy
Mid-Range
Premium

On the basis of source, the global heated eyelash curler market has been segmented as –

Residential
Franchise Professional Salons
Independent Beauty Parlors

On the basis of the sales channel, the global heated eyelash curler market has been segmented as –

Direct
Indirect
Hypermarkets/Supermarkets
Specialty Stores
Discount Stores
Exclusive Stores
Beauty Stores
Online Retailers
Other Sales Channel

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Europe Is The Largest Revenue Region, Accounting For Approximately 30% Of The 3D Laser Scanner Market | Says FMI

The global 3D Laser Scanner market is expected to be valued at US$ 1,587.2 Million in 2022. Owing to the growing application in several end industries such as automotive, construction & architecture, and, aerospace & defense, the demand for 3D laser scanners is estimated to burgeon over the forecast period. The overall demand for 3D laser scanners is projected to grow at a CAGR of 7.8% between 2022 and 2032, totaling around US$ 3,378.4 Million by 2032.

Europe is the largest revenue region, accounting for approximately 30% of the 3D laser scanner market. European nations are expected to benefit greatly from the adoption of 3D laser scanner technology in the study of palaeontology. This technique is being used by researchers to explore the interplay between plants and extinct creatures during the Jurassic period.

The 3D laser scanner is one of the most innovative aspects of the modern world due to the quick technological development in almost every industry. These modern 3D laser scanners have been improved to provide precise and trustworthy data of an object in order to create point clouds with the proper size and shape in the digital world.

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It has been noticed that the need for 3D scan-to-print solutions has surged as a result of rising innovation for a variety of applications, which is predicted to transform the design to the manufacturing process. Many industries in entertainment and media are focusing to adopt 3D laser scanners to develop video games which are expected to boost 3D laser scanner market for present budding trend of play stations as a vital component in gaming. This results to fuel the growth for 3D laser scanner market worldwide.

Over the projection period, the incorporation of non-contact features presents considerable prospects for the 3D laser scanner market. The advantages of using a 3D laser scanner for measuring fragile objects and detecting huge numbers of points in a short amount of time are significant. The 3D laser scanner’s non-destructive technology makes it a useful tool for CGI creation, improved visual effects, real-world location scanning, enhanced virtual reality (VR), and augmented reality (AR), among other things.

3D Laser Scanner Market: Market Dynamics
one of the most dynamic factor for the growth of 3D laser scanner market is the freedom of movement integrated in the product. It is the most reliable technology to offer real time visualization and higher degree of accuracy than other alternatives available in the market. Such adoption of innovative technology in many companies despite of industry domain is expected to drive 3D laser scanner market in near future.

Countries like the US are likely to adopt 3D laser scanners system to analyze the crime scenes. A recent demonstrations were held in the state of Nevada where 3D laser scanner tools were used to help investigators solve crimes that involves firearm trajectory. Moreover to this, mini artificially intelligent vehicles called 0–R3 are expected to be seen on the Dubai streets for patrolling and security purpose. The vehicle will be embedded with a deployed drone 3D laser scanners slam technology to search criminals, vehicles and detect possible bombs up to 330 feet distance.

3D laser scanners technology are becoming one of the necessary facet in the world of construction. With the latest technologies, Objective of collecting topography details at locations that human cannot access through Internet of Things (IoT) and can be achieved by 3D laser scanner. Such demand to increase automated workflow accustomed with less risk of human error is expected to drive 3D laser scanners market during the forecast period.

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3D Laser Scanner market: Region wise Outlook

In terms of geographic divisions, the Americas is expected to account for major share in 3D laser scanner market over the forecast period. It is chiefly attributed due to the amplified adoption of 3D laser scanners in cameras to investigate fatal road accidents in this region. Also, some of the popular companies are expected to adopt 3D laser scanners in front cameras of mobile phones for improved selfies, facial recognition, and iris scanning. European nations are anticipated to hold vital opportunities owing to the use of 3D laser scanner technology in paleontology field. The researchers are using this technology to study interaction of plants and extinct animals of in Jurassic period.

The emerging economies in APEJ and MEA are expected to show potential opportunities in 3D laser scanners market with its growing application in surveying at upcoming onshore and offshore projects, pipelines and subsea models and etc.

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Key Segments Covered in the 3D Laser Scanner Industry Analysis

3D Laser Scanner Market by Product Type:

Tripod Mounted 3D Laser Scanner
Fixed CMM-based 3D Laser Scanner
Portable CMM Based 3D Laser Scanner
Desktop 3D Laser Scanner

3D Laser Scanner Market by Offerings:

3D Laser Scanner Hardware & Software
3D Laser Scanner After Services

3D Laser Scanner Market by Frequency Range:

Low range 3D Laser Scanner
Medium range 3D Laser Scanner
High range 3D Laser Scanner

3D Laser Scanner Market by Application:

3D Laser Scanner in Reverse Engineering
3D Laser Scanner in Quality Control and Inspection
3D Laser Scanner in Virtual Simulation
3D Laser Scanner in Face Body Scanning
3D Laser Scanner in Rapid Prototyping
Other 3D Laser Scanner Applications

3D Laser Scanner Market by End Use Industries:

3D Laser Scanner for Automotive
3D Laser Scanner for Health Care
3D Laser Scanner for Aerospace & Defense
3D Laser Scanner for Architecture & Construction
3D Laser Scanner for Energy & Power
3D Laser Scanner for Tunnel & Mining

3D Laser Scanner Market by Region:

North America 3D Laser Scanner Market
Latin America 3D Laser Scanner Market
Europe 3D Laser Scanner Market
Asia Pacific 3D Laser Scanner Market
Middle East & Africa 3D Laser Scanner 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.

Instant Wine Chillers & Refreshers Market Size & Industry Trends Report for 2029

The instant wine chillers & refreshers market is witnessing a significant growth in terms of volume due to increasing number of clubs, bars, and pubs globally and increasing consumption of wine by residential areas.

Significance of wine serving temperature has played a vital role in launching of multiple wine chilling gadgets across the world. Moreover, continuous innovation in wine chilling and refreshing gadgets is a key trend followed by manufactures over the last decades.

Instant cooling of wine is a need faced by customers around the globe whether is residential segment or commercial segment. Instant wine chillers and refreshers cools the wine itself instead of chilling the bottle in just a short interval of time. Instant wine chillers can be put in refrigerators for later use or they are provided with inbuilt battery to chill the wine.

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Global Instant Wine Chillers & Refreshers Market: Market Dynamics

Drivers for Instant Wine Chillers & Refreshers Market

Wine consumption is increasing at a growth rate of 0.5% per year, which is witnessing a significant growth of the instant wine chillers & refreshers market in terms of volume. On other hand increasing wine consumers, increasing number of pubs, bars, and clubs globally and increasing customer’s expenditure on wine is expected to positively influence growth of the instant wine chillers & refreshers market during the forecast period.

Trends for Instant Wine Chillers & Refreshers Market

Continuous innovation and features addition such as temperature sensor, inbuilt battery in the product and other features addition in instant wine chillers & refreshers are key trend adopted by market players.

Opportunities for Instant Wine Chillers & Refreshers Market

Increasing e-commerce penetration in the developing countries and increasing promotional activities by the manufactures is expected to positively influence the sales of the wine chillers & refreshers market during the forecast period. Introduction of instant wine chillers & refreshers with affordable prices by manufacturers in near future is expected to fuel growth of the instant wine chillers & refreshers market during the forecast period.

Challenges for Instant Wine Chillers & Refreshers Market

Wine prohibition laws, ban on wine shipping and restriction on wine advertisement & promotional activities in some of the countries including India (some states), UAE (only Sharjah), Iran, Saudi Arabia and others is challenging the growth of the wine chillers & refreshers market.

Global Instant Wine Chillers & Refreshers Market: Key Players

Some of the key players operating in the global Instant Wine Chillers & Refreshers market are Ravi, Coopercooler, Brookstone, Waring Pro, Vacu Vin, Pronto Concepts, Chill-O-Matic, B & D Innovation, Hunter Jackson Brands, LLC.,and Igloo Coolers among others. These players are expected to positively influence growth of the Instant Wine Chillers & Refreshers market during the forecast period.

Instant Wine Chillers & Refreshers Market: Regional Outlook

Europe is expected to hold a significant share in the instant wine chillers & refreshers market in terms of value due to significant consumption of wine in Italy, France, UK and Spain. Moreover, Germany and UK are expected to be the biggest importers of wine in world.

A significant consumption of wine in USA is expected to fuel growth of instant wine chillers & refreshers market in North America. Increasing wine consumption and high e-commerce penetration in China, and Japan, is expected witness a significant growth of the instant wine chillers & refreshers market in Asia Pacific region.

Moreover, Australia is expected to hold a significant instant wine chillers & refreshers market value share in Asia Pacific region due to high consumer spending on wine and wine chilling gadgets. Brazil is expected to hold a significant wine chillers & refreshers market value share in Latin America due to presence of significant amount of bars, pubs and clubs in the country.

Instant wine chillers & refreshers market in Middle East & Africa is expected to have a slow growth due to presence of a significant number of countries having alcohol prohibiting such as Iran, Kuwait, Libya, Saudi Arabia, Sudan, UAE (only Sharjah), Yemen and others.

The report on instant wine chillers & refreshers market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report on Instant wine chillers & refreshers market provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

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The instant wine chillers & refreshers market report covers exhaustive analysis on

Global Market Segments
Global Market Dynamics
Historical Actual Market Size, 2014–2018
Global Market Size & Forecast, 2019 to 2029
Supply & Demand Value Chain for the Market
Global Market Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Market Solutions Technology
Value Chain of the Market
Global Market Drivers and Restraints

Regional analysis for the instant wine chillers & refreshers market includes

North America Instant Wine Chillers & Refreshers Market
- U.S.
- Canada
Latin America Instant Wine Chillers & Refreshers Market
- Mexico
- Brazil
- Rest of Latin America
• Western Europe Instant Wine Chillers & Refreshers Market
- Germany
- France
- U.K.
- Spain
- Italy
- Nordic
- Benelux
- Rest of Western Europe
Eastern Europe Instant Wine Chillers & Refreshers Market
- Poland
- Russia
- Rest of Eastern Europe
SEA and other APAC
- Australia and New Zealand (A&NZ)
- India
- ASEAN
- Rest of SEA and other APAC
Japan
China
Middle East and Africa Instant Wine Chillers & Refreshers Market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA

The instant wine chillers & refreshers market 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 instant wine chillers & refreshers market attractiveness as per segments. The report also maps the qualitative impact of various Instant Wine Chillers & Refreshers market factors on market segments and geographies.

Global Instant Wine Chillers & Refreshers Market: Market Segmentation

On the basis of wine type, the global instant wine chillers & refreshers market has been segmented as –

Red Wine
White Wine
Rose/blush wine
Champagne wine

On the basis of price range, the global Instant Wine Chillers & Refreshers market has been segmented as –

Economic
Premium

On the basis of distribution channel, the global instant wine chillers & refreshers market has been segmented as –

OEM
Distributers
Retailers
E-commerce

On the basis of end-use, the global Instant Wine Chillers & Refreshers market has been segmented as –

Residential
Commercial

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Environmental Testing, Inspection, And Certification Market In China Is Projected To Grow At A Robust CAGR Of 7.2% During 2022-32

The global environment testing, inspection, and certification market size was valued at US$ 15,648.6 Mn in 2021 and is likely to reach a valuation of US$ 17873.8 Mn in 2022. Furthermore, with rising environmental concerns across the world, the overall demand for environment testing, inspection, and certification is projected to increase at 6.4% CAGR between 2022 and 2032, totaling around US$ 33,237.9 Mn by 2032.

Environmental testing, inspection, and certification market in China is projected to grow at a robust CAGR of 7.2% during the forecast period of 2022 and 2032. This can be attributed to the introduction of stringent environmental regulations, presence of leading market players, and growing need for improving the quality of products across various industries.

With a growing need to deliver products that meet stringent government standards and regulations, the global market for environmental testing, inspection, and certification services is heating up. Moreover, the surge in consumption of various goods particularly in the developing countries has further contributed to the global market growth of environment testing, inspection, and certification.

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Growing need to ensure compliance with the product quality and safety has led to an upsurge in demand for environment inspection, testing, and certification services. In addition, rising instances of counterfeiting and piracy activities are projected to impact the global market growth of environment testing, inspection, and certification positively.

Leading companies in the global market are focusing on outsourcing services for testing, certification and inspection of the product. With the increasing imposition of the stringent regulations by the government, conducting internal tests continues to remain comparatively costly.

Services for inspection, testing, and certification services continue to witness a surge in demand among third-party retailers for various applications inclusive of consumer goods and manufacturing.

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Agriculture Industry to Represent a Leading Segment

Growing need to ensure safety and premium quality of the products has led the manufacturers to opt for testing products globally. On the basis of product type, the testing segment is expected to represent the highest revenue share, accounting for a value of over US$ 1,000 Mn by the end of 2017. The certification product type segment is expected to witness a robust CAGR in the global market throughout the forecast period.

Based on end user, the agriculture industry segment is expected to generate significant revenues, recording a value of over US$ 1,000 Mn by the end of 2026. In contrary to this, the industrial product manufacturer product type segment is expected to register the highest CAGR during the forecast period.

By sample type, the water testing segment is expected to witness robust revenue growth, representing a value of over US$ 600 Mn by the end of 2017. However, the waste testing sample type segment is expected to witness a healthy CAGR through 2026.

Based on the test type, the toxins segment is expected to generate significant revenues, recording a value of over US$ 800 Mn by the end of 2026. On the other hand, the physical properties test type segment is expected to register an impressive CAGR during the forecast period.

Sales through Testing Products Remain High

By test type, the toxins segment is projected to generate significant revenues, representing for more than US$ 800 Mn by 2026-end. In contrary to this, the physical properties test type segment is projected to reflect a healthy CAGR in the global market through 2026. During the forecast period, the water testing sample type segment is projected to represent the highest revenue growth, recording more than US$ 600 Mn by 2017-end. In contrast, the waste testing sample type segment is projected to reflect a strong CAGR throughout the forecast period.

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The growing need for premium quality and safe products has led to an upsurge in demand for testing the products among organizations and manufacturers globally. Based on product type, the testing segment is projected to witness significant revenue growth, representing more than US$ 1,000 Mn by 2017-end. In contrast, the certification product type segment is projected to register a robust CAGR throughout 2026. On the basis of end-user, the agriculture industry segment is projected to represent the highest revenue growth, accounting for more than US$ 1,000 Mn by 2026-end. However, the industrial product manufacturer product type segment is projected to reflect a healthy CAGR over the forecast period.

Market Players

Intertek Group, SGS SA, Yara International ASA, Bureau Veritas, Assure Quality, ALS Ltd, SCS Global, Exova Group, APAL Agriculture, RJ Hills Laboratories, Eurofins Scientific, TUV Nord AG, Danaher, GE Healthcare and Life sciences, SAI Global Limited, Agrolab Group, HRL Holdings Ltd, Cawood Scientific, SESL Australia and EnviroLab.

Key Segments Covered in Environment Testing, Inspection, and Certification Market Analysis

By Product Type :

Testing
Inspection
Certification

By End User:

Agriculture Industry
Construction Industry
Government Institutes and R&D laboratories
Industrial Product Manufacturers
Other End Users

By Sample Type:

Water Testing
Air Testing
Soil Testing
Building Materials
Waste Testing
Fuel/Oil Testing

By Test Type:

Toxins
Chemicals
Pathogens
Physical Properties
Metal
Organic Matter
Nutrients/Elements/Minerals
Inorganics
pH Test
Other Types

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Electric Fabric Shavers Market- New Technological Development Projecting Massive Growth till 2028

The electric fabric shavers help in removing tiny balls called pills that form on old couches, sweaters, and other fabric covered products. Electric fabric shavers can make damaged out clothes appearance brand new as well as feel entirely smooth again. The thickness of the cloth will determine which type of electronic fabric shavers is appropriate.

The textile industry is one of the oldest branches of consumer goods manufacturing in the world. It is a heterogeneous sector which covers the whole production chain of modifying natural and chemical fibers such as wool, cotton, and others into end-user products include household goods, garments, clothes, as well as industrial textiles. Various textiles have different properties, and knitted clothes are very much prone to pilling.

It is not easy for some people to throw a luxury item of clothes that moment it starts to pill. However, pilled clothing can look dull, old, and even messy. According to an independent study, the American population throws away around 10.5 million tons of clothing annually which goes into landfills and only 15% of their clothes are recycled or donate per year.

Therefore, companies are seeking innovative solutions to hold onto these waste clothes or making them presentable enough to donate or reused. Pills form on the clothes are difficult to remove, so, they require more aggressive products such as electric fabric shavers which can also encourage one not to throw out their old clothes too frequently.

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Reasons for Covering Electric Fabric Shavers Market Title

Rise in the textile industry, growing consumer’s desire for portable devices with high battery backup and comfortable to use during traveling or commuting along with increasing consumers brand loyalty are the factors influencing the growth of the electric fabric shavers market in the near future.

Additionally, expanding product premiumization trend, new product launch with innovative features such as stainless steel blades, typically faster, and efficient compared to manual fabric shavers is some other factors fueling the growth of the electric fabric shavers market during the forecast period.

However, availability of hundreds of alternatives in the market such as manual fabric shavers coupled with growing safety standards may hinder the growth of electric fabric shavers market during the forecast period.

Global Electric Fabric Shavers Market: Key Players

Some of the key players operating in the global electric fabric shavers market are Gleener Company, Butler Home Products, LLC, Koninklijke Philips N.V., Sunbeam Products, Inc., 1byone, Inc., House of Wonderful Company, Conair Corporation, Hyman Inc., Pepin Manufacturing, Inc., The Emerson Electric Company, The Fabric Care Company, and others.

Synthetic fibers such as nylon and polyester, though more resilient compared to natural fibers are more prone to pilling as well as workout clothing such as yoga pants, sports clothing made from synthetic fiber to withstand the rigorous activities have more chances of pills are some of the leading factors driving the growth of the global electric fabric shavers market.

Moreover, parents spend lots of money on kid’s clothes as increasing need for special clothing for extracurricular activities; thus electric fabric shavers can be an essential electronic device to remove pills from clothes and make them reusable is expected to grow the electric fabric shavers market during the forecast period.

Opportunities for Global Electric Fabric Shavers Market Participants

Growing textile industry in developing countries such as India and China as this sector is making a significant contribution in terms of forex earnings as well as employment is the factor due to which electric fabric shavers market revenue is expected to grow at a rapid growth rate, over the forecast period.

Today, textile industry accounts for around 14% of India’s industrial production, and about 27% of export earnings are from textiles and clothing alone. Moreover, consumers are demanding for customizing electric fabric shavers for more delicate fabric so that they can control the pressure coupled with they are also seeking for large pill cup electronic fabric shavers for multi-purpose to minimize the need to stop and empty it frequently is the primary factor accelerating the growth of the electric fabric shavers market.

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Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report.

A detailed market understanding and assessment of the type, application, and distribution channel of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period.

The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

An overview of the market, including background and evolution
Macroeconomic factors affecting the market and its potential
Market dynamics, such as drivers, challenges and trends
Detailed value chain analysis of the market
Cost structure of the products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major market participants
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
Analysis of the market structure, including a tier-wise categorization of key market participants
Competitive landscape of the market, including detailed profiles of the top players in this market

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
Indication
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 excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, South 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.

Global Electric Fabric Shavers: Market Segmentation

On the basis of end-use, the global electric fabric shavers market has been segmented as –

Residential
Commercial

On the basis of sales channel, the global electric fabric shavers market has been segmented as–

Hypermarkets/Supermarkets
Specialty Stores
Multi-brand Stores
Online Stores
Independent Small Stores

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Washing Capsules Market – Major Revenue Gain is Predicted by 2032

The Washing Capsules Market is likely to hold the global market at a moderate CAGR of ~9.4% during the forecast period. The global market holds a forecasted revenue of ~US$ 8.03 Billion in 2022 and is likely to cross ~US$ 19.7 Billion by the end of 2032.

Companies are also hiring celebrities to endorse their products, which is another factor escalating the growth in demand for washing capsules in the market. Conventional detergents often ruin clothes as there is no way to determine the correct amount of detergent to be put in while washing clothes.

This is precisely why more and more people are inclining towards washing capsules as a solution to this problem. The innovation of new products in the market will also have a positive impact on the growth of the washing capsules market during the forecast period.

Manufacturers of washing capsules are coming up with new products with added benefits, such as pleasing fragrance, recyclable packaging, etc., which, in turn, is propelling the demand for washing capsules in the market.

Growing consumer awareness about the harmful effects of synthetic ingredients that are used in detergents has pushed the manufacturers of washing capsules to come up with products that use natural-based ingredients.

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Growth in FMCG Industry Will Drive the Washing Capsules Market

Escalating penetration of washing machines, expanding female workforce, emergence of easy financing options to buy household electronic products and rising demand for eco-friendly products for laundry care are some of the important factors driving the growth of the global washing capsules market.

Moreover, the swiftly expanding FMCG industry and growing organized sales channels that focus on untapped markets are the other factors anticipated to push the growth of the washing capsules market during the forecast period.

Prominent players in the washing capsules market are adopting innovative ways of marketing their products to influence the buying behavior of consumers. That apart, they are also focusing on continuously launching new washing capsules with innovative features and campaigns for increasing awareness about these products.

All of these factors will complement the growth in demand for washing capsules in the market.

Global Washing Capsules Market: Market Participants

Some of the key market participants identified across the value chain of the global Washing Capsules market are Cot’n Wash, Inc., The Procter & Gamble Company, smol limited, Asda Stores Limited, J Sainsbury plc., The Unilever Group, The Honest Company, Inc. and Ecozone Ltd, among others.

Opportunities for Washing Capsules Market participants

The global washing capsules market is influenced by the rising penetration of e-commerce and digital marketing platforms as these help marketers to expand their presence in the market. Growing consumer spending on laundry care products is a key factor increasing the demand for washing capsules.

The companies in the washing capsules market are focussed on research and development to innovate new formulas to create unique scents to be included in washing capsules. Innovative packaging has also been a key winning factor for washing capsules manufacturers.

Manufacturers are focusing on creating convenient packaging as well as innovation of recyclable packaging and eco-friend products. All of these factors will boost the growth in demand for washing capsules in the market.

The Washing Capsules market on the basis of region has been segmented as

North America
Latin America
Europe
CIS & Russia
Japan
APEJ
The Middle East & Africa

The report offers a comprehensive evaluation of the washing capsules market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

By doing so, the research report serves as a repository of analysis and information for every facet of the washing capsules market, including but not limited to: regional washing capsules markets, nature, product type packaging & sales channel.

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The study is a source of reliable data on

Washing Capsules Market segments and sub-segments
Washing Capsules Market trends and dynamics
Supply and demand
Washing Capsules Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).

The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

Washing Capsules Market Segmentation

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study.

By doing so, the report projects the attractiveness of each major segment over the forecast period.

On the basis of nature, the Global Washing Capsules market has been segmented as:

Natural
Conventional

On the basis of product type, the Global Washing Capsules market has been segmented as:

Scented
Unscented

On the basis of packaging type, the Global Washing Capsules market has been segmented as:

Pouches
Tetra packs
Tubs

On the basis of sales channel, the Global Washing Capsules market has been segmented as:

Hypermarkets
Supermarkets
Independent Retailers
Specialty Retail Stores
Online Sales
Company Website
3rd Party Online Sales

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Bleach gel Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2028

The bleach gel is a powerful high viscosity gel which provides whitening and stain removal formula for clothes and home cleaning. The bleach gel is used in laundry to deep clean, and whiten the fade clothes, along with deodorizing the clothes so as to provide them fresh and clean look like never before.

Bleach gel is also used in household, to clean and remove stains from toilets, floors, bathtubs, plastic surfaces, tiles, sinks, and others. The bleach gel market is anticipated to witness a lucrative growth over the forecast period owing to a number of factors.

Nowadays, consumers prefer hygienic and clean surrounding and thus are accepting products which helps them to maintain a clean atmosphere, the bleach gel formulation helps consumer get rid of the stains and germs present in various parts of their household thus promoting sanitization.

Besides, unhygienic household especially toilets, and kitchen are home for pathogens and diseases, thus consumers are inclining towards one complete cleaning formula which does the job and maintains proper healthy environment.

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The bleach gel helps to whiten the tiles, toilet bowls, and other surfaces which help in maintaining their clean and fresh look. Bleach gel is used in laundry to fight dirt and, clean clothes, along with whitening the fabrics. Besides, bleach gel leaves a soothing scent/ fragrances to clothes and household to maintain the aesthetic appeal and freshness of the household and laundry.

Rise in demand for laundry products coupled with increasing expenditure of consumers on health and hygiene is driving the Bleach gel Market

The consumers’ awareness regarding proper cleaning of their surrounding is the primary driver for the growing market for bleach gels. The bleach gel helps in deep cleaning and whitening of tiles, floors, and other areas thus promoting sanitization.

Bleach gel market is also anticipated to propel due to increase in the clothing and apparel market, owing to the use of bleach gel in cleaning, whitening, and deodorize the clothes. A key factor driving the growth of the blue bleach market is product improvement and portfolio advancement.

Manufacturers of bleach gels are coming up with new product formulations and successive launches, to continue in the extremely competitive fabric and household cleaning products market. Besides, manufacturers are implementing innovative and technological advancements, such as introducing a spray form of bleach gel and refill technology, and offering different scented bleach gels to attract consumer base.

These factors have been thriving to increasing the sale of bleach gel and driving the global market for bleach gels.

Bleach gel Market: Market participants

The key market participants identified across the value chain of the Bleach gel market are ALEN DEL NORTE S.A. DE C.V., S. C. Johnson & Son, Prestige Consumer Healthcare, Inc., Reckitt Benckiser Group plc., Plus white are among others.

Opportunities for Bleach gel Market Participants

The developed economies such as North America, Europe, and Japan, have been experiencing a fuelling demand for quality household and laundry cleaning products. The bleach gel is a convenient, better packaged, and one-go formula for cleaning, and whitening of clothes and household areas, and thus is attracting attention of the consumers.

The consumers are well-informed about a variety of cleaning products available in the market through media and advertisements, which are influencing the purchasing decisions of consumers letting them, to buy products which help them maintain cleanliness and hygiene of their surroundings.

Sensing a lucrative growth the supply side participants of the bleach gel market focusing on new product development and at the same time increasing the profit margin. Many new market participants are anticipated to enter the bleach gel market over the forecast period owing to rising demand for bleach gel in the market.

The Bleach Gel market on the basis of region has been segmented as

North America
Latin America
Europe
CIS & Russia
Japan
APEJ
The Middle East & Africa

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Brief Approach to Research for Bleach Gel Market

The company will follow a modelling-based approach and triangulation methodology to estimate data covered in this report.

A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period.

The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report for the Bleach Gel market include:

An overview of the Bleach Gel market, including background and evolution
Macroeconomic factors affecting the Bleach Gel market and its potential
Market dynamics, such as drivers, challenges, and trends of the Bleach Gel market.
Detailed value chain analysis of the Bleach Gel market
The cost structure of the products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major Bleach Gel market participants
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
Analysis of the Bleach Gel market structure, including a tier-wise categorization of key market participants

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
Indication
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 excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, South Africa, Northern Africa)

Bleach gel Market: Market Segmentation

On the basis of application, the market for bleach gel is segmented into

Laundry
Home cleaning

On the basis of fragrance/scent, the market for bleach gel is segmented into

Regular
Lavender
Citrus
Flower

On the basis of packaging, the market for bleach gel is segmented into

Plastic Bottles
Spray Bottles
Cans
Pouches/Sachets

On the basis of sales channel, the market for bleach gel is segmented into

Hypermarkets/Supermarkets
Groceries
Convenience stores
Online retails
Company Website
3rd Party Online sales

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Electric Soap Dispenser Market Global Industry Overview and Competitive Landscape till 2032

The Electric Soap Dispenser Market is likely to hold the global market at a moderate CAGR of ~6.3% during the forecast period. The global market holds a forecasted revenue of ~US$ 1.28 Billion in 2022 and is likely to cross ~US$ 2.19 Billion by the end of 2032.

One of the most effective key factors that support people to live in a healthy environment is personal hygiene. Personal hygiene and health environment keep people safe and away from various diseases and illness. Thus, it is necessary to be hygienic in the environment.

One essential fact to be hygienic is washing the hands, as people do multiple things with their hands and it is necessary to wash them after doing activities. However, washing hands with regular soap will not protect from the disease completely. So, to gain complete protection from germs and harmful bacteria, electric soap dispenser are used.

There are various automatic soap dispenser products available in the market, among them, the electric soap dispenser is one of the significant product to keep you hygienic. The electric soap dispenser works automatically with the help of sensors and dispenses the liquid soap. The electric soap dispenser enables the consumer to kill the bacteria in the hands without touching the soap dispenser and thus helps you to be clean.

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Reasons for Covering Electric Soap Dispenser Market Title

Growing health consciousness among people, expanding infra-red sensor technology, a rise in the online retail channel for personal care products, and rising income levels are the factors influencing the growth of the electric soap dispenser market in the near future.

Additionally, electric soap dispenser has unique features such as dispense the liquid soap efficiently and accurately, has the volume control feature to adjust quickly with buttons, and innovative silicon valve that enables the consumer to avoid messy drops are some other factors fueling the growth of the electric soap dispenser market during the forecast period.

However, availability of alternative soap dispenser products in the market coupled with high price compare to regular soap dispenser may hamper the growth of electric soap dispenser market during the forecast period.

Global Electric Soap Dispenser Market: Key Players

Some of the key players operating in the global Electric Soap Dispenser market are Simplehuman Company, Euronics Industries Pvt. Ltd., GOJO Industries, Inc., BAFX Products Company, Philippe Taglioni Company, American Specialties, Inc., Nivahome Company, PerPik Company, Rubbermaid Commercial Products Company, Palmer Fixture Company, Umbra Company, and others.

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Global Electric Soap Dispenser Market: Key Developments

In November 2018, PerPik Company introduced new premium quality touch-free electric soap dispenser for kitchen and bathroom sinks, a remarkable amenity that creates washing up a desire, due to growing consumer demand for luxury and convenience home accessories.

Expanding middle-class aspirational spending and preference for higher quality products lead to premiumization trend is one of the leading factors driving the growth of the global electric soap dispenser market. Intense innovation activities by electric soap dispenser manufacturers resulting in new product development coupled with consumers are focusing on health, wellness, and personal grooming drives the global electric soap dispenser market. Additionally, the upsurge in the demand of electric soap dispenser from emerging markets due to large consumer base demanding for hygiene products increased market penetration of international brands through the advent of multinational companies in developing countries, and expanding usage of combination products is expected to grow the electric soap dispenser market during the forecast period.

Opportunities for Global Electric Soap Dispenser Market Participants

Factor such as expanding digitalization which enables greater product awareness and easy access to brands through e-commerce channels attributed to the growth of electric soap dispenser market revenue which is expected to grow at a rapid growth rate, over the forecast period.

Moreover, changing consumer behavior and shifting shopping expectations as well as experiences from traditional sales channels towards online and specialty retailers are the primary factor accelerating the growth of the electric soap dispenser market.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report.

The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

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https://www.futuremarketinsights.com/ask-question/rep-gb-8129

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

An overview of the market, including background and evolution
Macroeconomic factors affecting the market and its potential
Market dynamics, such as drivers, challenges and trends
Detailed value chain analysis of the market
Cost structure of the products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major market participants
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
Analysis of the market structure, including a tier-wise categorization of key market participants
Competitive landscape of the market, including detailed profiles of the top players in this market

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
Indication
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 excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, South Africa, Northern Africa)

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Global Electric Soap Dispenser: Market Segmentation

On the basis of material type, the global electric soap dispenser market has been segmented as –

Plastic
Nickel
Bronze
Stainless Steel
Silver
Chrome
Others

On the basis of sales channel, the global electric soap dispenser market has been segmented as –

Store-Based Retailing
Hypermarkets/Supermarkets
Discount Stores
Convenience Stores
Specialty Stores
Independent Small Groceries
Online Retailer
Company Websites
3rd Party Websites

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U.S. Tower Crane Market Will Continue Accounting For Maximum Sales In North America, Holding Over 85% Of Regional Market Share | FMI

The report estimates global tower crane market to grow at nearly 4.8% during 2021-2031. The report offers analysis in 20+ high-growth markets, providing detailed insights on tower cranes market growth will evolve in the next decade.

Global tower crane sales are set to be valued at US$ 19.3 Bn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

The recessionary effects of COVID-19 on construction activities slowed demand for tower cranes in 2020, resulting in a delay in new and rental sales of tower cranes. However, with the exception of a few countries, construction activity has resumed at a healthy pace following the second quarter of the fiscal year. With the sector in recovery mode, the market’s immediate and long-term growth outlook for Tower Cranes remains positive.

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The study examines demand for tower cranes. The global tower crane market has been examined in terms of covid-19 impact, macroeconomic factors, market trends, and market history. According to FMI’s research scope, the market has been analysed by applications, customers, and regions. The report gives us qualitative and quantitative information on various players in the market. Also, this report tracks the market by both supply side and demand side.

Key Takeaways From Tower Cranes Market Study

Following negative returns amid COVID-19, the tower crane market is forecast to register a little below 4% Y-o-Y growth in 2021
The U.S. will continue accounting for maximum sales in North America, holding over 85% of regional market share
The U.K. market is likely to register 3.7% Y-o-Y growth in 2021 backed by recovering construction activities
The demand from Germany and France will account for considerable sales within Europe
China will emerge dominant in East Asia, while Japan and South Korea markets will continue exhibiting growth at a positive pace.

“Increasing investment in commercial construction as well as in the construction of civic in recent years is expected to provide an impetus to tower cranes sales. Rental base sales will continue to have a greater weightage as against direct ownership based procurement. Competitive price offering, increase in end user satisfaction on the performance, use of advanced technologies are the key strategies adopted by manufacturers operating in the market,” says FMI analyst.

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WHO IS WINNING?

Tower crane market is likely to grow at a moderate pace during 2021-2031. However, as it is a mature market hence companies are expected to concentrate increasingly on research and development activities. This will be aimed at developing more in the field of construction equipment that meet personalized requirements of consumers. Collaboration with regional construction contractors or construction companies as a prime strategy expected magnify in the forecast period.

Compititive Landscape:

The tower crane market is moderately competitive, with presence of large number of players operating in the market. Some of the players are focusing to carve a niche for specific demography. The market has been benefiting from robust partnerships with high focus on innovations. This has led to a series of tower crane launches in the last few years.

For instance:

In 2020, Potain launched a tower crane focusing on home building and high-rise.
Comansa has recently launched the largest crane, called 21CM750, manufactured at its plant in Hangzhou.

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Some of the leading companies operating in the market are:

Zoomlion Heavy Industry Science & Technology Company Ltd.,
Xuzhou Construction Machinery Group Co., Ltd.,
Liebherr,
Terex Corporation,
Manitowoc,
Sany Group,
Action Construction Equipments,
Konecranes,
Raimondi,
Comanasa S.A.

Facing challenges such as high cost of the equipment, setup time, and safety of the workers has always been one of the prime concerns of end users. Against this backdrop, some of the leading manufactures within the market are focusing on the development for enabling easy maneuverability of the tower cranes coupled with increasing the production capabilities.

Some of them already have developed and launched advanced tower cranes in the market and several others are likely to follow the suit to keep pace with dynamic market environment. According to FMI’s analysis, tower crane sales have grown at 0.4% CAGR between 2016 and 2021.

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