Market Research Blog – Page 955 – New Product Development

U.S. Hitter-Based Hand Tools Market Size Estimated to Reach USD 687.1 Million by 2028, Growing at a 3.4% CAGR | FMI Study

Forecasted for the period spanning 2022 to 2028, the US hitter-based hand tools market is poised for steady growth, boasting a Compound Annual Growth Rate (CAGR) of 3.3%. This trajectory is expected to culminate in a market valuation of USD 687.1 million. The rationale behind our dedicated focus on the US market for hitter-based hand tools is underpinned by the burgeoning building and Do-It-Yourself (DIY) sectors within the country.

In response to the highly competitive landscape within the United States Hitter-Based Hand Tools Market, leading companies have strategically prioritized acquisitions and expansions as pivotal catalysts for augmenting their market presence and shares. These concerted efforts are anticipated to furnish them with a distinct competitive advantage. Nevertheless, it is imperative to acknowledge that significant challenges loom on the horizon, as the market grapples with potential limitations stemming from the intensity of competition.

Our diligent analysis extends beyond the national context, encompassing a comprehensive evaluation of the influence exerted by various drivers, prevailing trends, emerging opportunities, and incumbent constraints upon the global landscape of hitter-based hand tools over the course of the ensuing decade.

A highly Consolidated U.S Hitter-Based Hand Tools Market to Gain from Product Innovation

Prominent firms within the industry are strategically focusing on acquisitions and expansion initiatives to bolster their market presence, driven by the intense competition characterizing the market for striking-based hand tools. Furthermore, the persistently high levels of competition among manufacturers of these tools are anticipated to somewhat curtail the growth potential of the hand tool market. Research suggests that the market for striking-based tools may face potential obsolescence as a consequence of the increasing adoption of automated production processes.

In accordance with findings from Future Market Insights, it is projected that in the forthcoming years, the revenue growth of the striking-based hand tool market in the United States may encounter constraints stemming from the aforementioned challenges.

DIY and Landscaping Activities to Boost Hitter-Based Hand Tools Adoption in the U.S

The U.S market has witnessed increased investment in the housing sector that, in turn, led to the development of related sectors including infrastructure, transportation, energy, and related maintenance services—all requiring hand tools. Moreover, the demand for landscaping in residential and commercial areas, to provide an aesthetic appeal, has also contributed to the sales of hitter-based hand tools. Overall home improvement and maintenance and gardening activities by people in the U.S have augmented the adoption of hitter-based hand tools. Leveraging the changing consumer preferences, manufacturers are focusing on providing compact, portable, and cost-efficient tool solutions to household users.

Across the U.S, Shovels are the Most Preferred Hitter-Based Hand Tool:

Shovels are anticipated to register robust growth during the second half of the forecast period owing to the growing demand for gardening and DIY applications, occupying close to 40% market share. Likewise, higher sales of hammers in the U.S can be attributed to the growing demand for hitter-based hand tools from end-use sectors such as construction, woodworking & framing, manufacturing & fitting, and household & DIY and rescue management.

Hitter-Based Hand Tools Market Competitive Landscape:

Over the past few years, an increment in the number of acquisitions and expansion activities has been witnessed to improve the supply of hitter-based hand tools. Several key players are focusing on improving the efficiency of touch hand tools for various applications. The emergence of various manufacturers had also been witnessed in U.S. businesses.

For Instance,

In 2017, Snap-on Incorporated acquired Norbar Torque Tools Holdings Limited, based in Banbury, U.K., which has a full range of torque products in its portfolio

Stanley Black & Decker, Inc. acquired the tool business of Newell Tools which includes Irwin and Lenox brands for USD 1.84 Bn.

Key Players:

Stanley Black & Decker, Inc.; Q.E.P. Co., Inc.; Apex Tool Group, LLC; Snap-on Incorporated; The Ames Companies, Inc.; Techtronic Industries Co. Ltd.; Estwing Manufacturing Company, Inc.; Vaughan & Bushnell Manufacturing; ABC Hammers, Inc.; Hardcore Hammers.

U.S. Hitter-Based Hand Tools Market By Category:

By Product Type:

Hammers
Mallets
Axes
Shovels
Crowbars

By Sales Channel:

Bulk Distributor Sales
Retail Sales
Online Sales

By End-Use Sector:

Household & DIY
Construction
Woodworking & Framing
Manufacturing & Fitting
Mining
Forestry & Agriculture
Rescue Management

By Region:

Northeast
Midwest
South
West

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Driving Discovery: Latest Analysis of Enterprise Laboratory Informatics Market by Future Market Insights

The enterprise laboratory informatics market is expected to reach a value of US$ 10,428.2 million by the year 2033. This is a significant increase from its value of US$ 4,640.8 million in 2023. The market is projected to grow at a compound annual growth rate (CAGR) of 8.4% during the forecast period.

One of the fastest-growing areas within laboratory technology is informatics. Laboratory informatics primarily focuses on managing information effectively. It’s a specialized use of information technology that combines hardware, software, and data management to make a significant impact on the enterprise laboratory informatics market.

In the coming years, the use of enterprise laboratory informatics is expected to grow significantly due to the increasing demand for laboratory automation. This is mainly driven by significant advancements in molecular genomics and genetic testing, which have led to a substantial increase in the volume of data generated by laboratories over the past few decades.

The Enterprise Laboratory Informatics Market refers to the use of informatics solutions in laboratory operations and data management in various industries such as pharmaceuticals, biotechnology, chemical, food and beverage, environmental, and clinical research.

The market for enterprise laboratory informatics is growing rapidly due to the increasing need for automation and data integration in laboratory workflows to improve efficiency and productivity. These solutions include laboratory information management systems (LIMS), electronic laboratory notebooks (ELN), scientific data management systems (SDMS), laboratory execution systems (LES), and laboratory automation and robotics.

The key drivers for the growth of the enterprise laboratory informatics market include increasing demand for data accuracy and efficiency, rising pressure to comply with regulatory requirements, increasing R&D spending by biopharmaceutical companies, and growing adoption of cloud-based informatics solutions.

How Fiercely Is the Enterprise Laboratory Informatics Market Becoming Competitive?

There are several small and large players operating in this highly fragmented marketplace. As a result, smaller players in the enterprise laboratory informatics market compete viciously to maintain their position in the market.

Therefore, it is projected that industry competition would be fierce over the projection period. In addition, major firms are expanding the industry by forming alliances and introducing new products.

Leading Key Players:

Major key players in the Enterprise Laboratory Informatics Market include LabWare, LabVantage Solutions, Inc., Thermo Fisher Scientific, Abbott Informatics, Agilent Technologies, Waters, LabLynx, DassaultSystèmes, LABWORKS LLC, Autoscribe Informatics, PerkinElmer, Accelerated Technology Laboratories, Oracle Corporation, Siemens, IDBS, and Novatek International. These companies offer a wide range of solutions and services tailored to meet the diverse needs of laboratories across various industries, driving innovation and efficiency in laboratory operations.

Request for a Sample of this Research Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1618

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
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Global Industrial Hose Assembly Market Poised to Exceed USD 39,058.45 Million by 2034, Surging Steadily at a CAGR of 5.6%

The global industrial hose assembly market is holding a valuation of USD 22,651.4 million as per the estimates for 2024. Moreover, the global sales of industrial hose and fittings recorded a y-o-y growth of 5.6% which is going to continue till 2034. By following this promising CAGR, the global industrial hose assembly industry is vying for a capacity to generate a revenue of around USD 39,058.45 million by 2034.

Hose assemblies for industrial applications have exceptional properties such as high strength, flexibility, and temperature resistance, making them an excellent choice for a variety of sectors. Growing need for oil and gas, new regulations, and rising construction and mining demand are all pushing up demand for industrial hoses and fittings in the present time.

Key Takeaways from the Industrial Hose Assembly Market Study Report:

In the United States, industrial hose assembly suppliers are on the point of witnessing 4.8% growth per year till 2034.
The German industrial hose and fitting industry is on the path to witness a y-o-y growth of 6% from 2024 to 2034.
China is currently a global supplier of industrial hose assemblies and is all set to follow a CAGR of 6.6% over the next ten years.
India now holds a very lucrative opportunity for hydraulic hose assembly suppliers with an estimated CAGR of 7% between 2024 and 2034.

“Hydraulics technology is gaining popularity as the performance expectations of modern systems rise and manufacturing platforms have become more globalized. In line with this development, growing operations in farming, building, industrialization, mining, and other industries have substantially raised the demand for high-pressure hoses.” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape for the Industrial Hose Assembly Market Players:

With rapid industrialization across emerging economies, the overall market has turned fiercely competitive in recent years. Manufacturers can stand out in the market by investing in research and development activities to come up with innovative designs and novel materials.

Top Key Players in the Industrial Hose Assembly Industry:

Gates Corporation
Parker Hannifin Corp.
Semperit AG Holding
Campbell Fittings, Inc.
United Flexible
Continental AG
Eaton Corporation Plc.
Polyhose India Pvt. Ltd.
Trelleborg AB
RYCO Hydraulics

Recent Developments by the Industrial Hose Assembly Industry Participants:

In February 2024, Gates announced the introduction of the Clean Master Plus hose platform designed for high-pressure applications in harsh industrial environments. The product operates at exceptionally high pressures of up to 6,000 psi, which is three times higher than the ordinary pressure washer hose. The company also claims it to be 22% lighter and 50% more flexible on average than the present 6,000 psi hoses, This innovative industrial hose is designed to improve ergonomics and safety, reduce worker fatigue, and increase productivity.
In October 2023, Watson-Marlow Fluid Technology Solutions (WMFTS) expanded its hose portfolio by introducing the innovative and versatile Bredel NR Transfer hose. These hoses can be used for general fluid transfer applications at pressures up to 12 bar (174 psi). These natural rubber hoses are also suitable for handling sludge with a high solid content, food and beverage waste, and abrasive slurry. This solution supplements the Bredel NR Metering hose, which is built for greater duty and can withstand pressures of up to 16 bar (232 psi)

Key Segments Covered by Industrial Hose Assembly Industry Survey Report:

By Material Type:

Rubber
Plastics
Metal

By Product Type:

Low Pressure
Medium Pressure
High Pressure

By Component Type:

Industrial Hose Assemblies
Industrial Hose Fittings

By End User:

Food & Beverages
Construction & Mining
Chemical & Pharmaceuticals
Oil & Gas
for Automotive
Agriculture
General Manufacturing
Other End Users

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Electrical Enclosure Market Projected to Surpass USD 81.3 Billion by 2033, with a CAGR of 5.2% | FMI Reports

The global electrical enclosure market is set for significant growth, with an estimated value of USD 46.6 billion by 2022. This growth trend is expected to continue, propelled by strong demand from sectors such as mining and other industrial applications. By 2033, the market is anticipated to reach a valuation of USD 81.3 billion, indicating a robust compound annual growth rate (CAGR) of 5.2% from 2023 to 2033. Early estimates suggest that by 2023, the market will reach USD 49.0 billion, highlighting the strong growth momentum and the extensive opportunities within the electrical enclosure market.

Electrical enclosures are vital components across a range of industries, offering crucial protection for electrical equipment and ensuring safe operations in various environments.

Growth Factors:

Expansion in Applications: The increasing use of electrical enclosures across the electronics and electrical industries is driving market growth, as these sectors require reliable protection for sensitive equipment and components.
Demand from Renewable Energy: The growing reliance on renewable energy sources is further propelling market expansion. The renewable energy sector depends on electrical enclosures to ensure the safe and efficient operation of equipment.
Technological Advancements: The widespread adoption of advanced technologies is expected to fuel market growth. Industries are continually seeking innovative solutions to enhance equipment protection and performance.
Urbanization Trends: The ongoing trend of urbanization is providing a significant boost to market growth. Urban development projects necessitate the use of electrical enclosures for various applications, driving demand across multiple sectors.

Competitive Landscape:

Key players operating in the electrical enclosure market are aiming at developing and launching novel products to strengthen their product portfolio and gain a competitive edge. Other manufacturers are focusing on adopting inorganic strategies such as mergers and acquisitions to increase their market share.

In July -2020 – Rittal rounded off its AX range of compact enclosures with its newly developed plastic enclosures. The manufacturer now offers the best of two worlds: the advantages of sophisticated technology combined with the benefits of an extremely robust material. The AX plastic enclosure protects the electrical components even in very harsh environments, such as outdoors. Its new mounting functions make rapid expansion possible and provide greater scope for installation using smart technology.
Eaton provides a comprehensive portfolio of electrical products, including circuit breakers, switches, meters, power distribution units, and surge protection devices. Eaton offers power distribution systems, electrical panel boards, switchgear, and electrical engineering services to customers in the commercial, industrial, and utility sectors.

Key Players:

Schneider Electric SE
Legrand SA
Hubbell Inc.
Emerson Electric Co.
ABB Ltd
Eaton Corporation
Eldon Holding AB
AZZ Inc.
Austin Electrical Enclosures
Siemens AG
Pentair PLC
Rittal GmbH & Co. Kg.
Adalet (Scott Fetzer Company)

Key Segmentations:

By Product Type:

Junction Enclosures
Disconnect Enclosures
Operator Interface
Enclosures
Environment and Climate
Control Enclosures
Push Button Enclosures

By Material Type:

Metallic
- Aluminium
- Mild steel
- Stainless Steel
Non-Metallic
- Fiberglass
- Polycarbonate
- Polyester
- ABS

By Design:

Standard Type
Custom Type

By Configuration:

Wall Mount Enclosures
Floor Mount Enclosures
Freestanding Enclosures

By End Use Sector:

Industrial
Residential and Commercial

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East & Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global WHIM Syndrome Management Market Projected to Reach USD 17.91 Million by 2033 with a Strong CAGR of 6%

Global Whim Syndrome Management Industry

The global WHIM syndrome management market is set to experience robust growth, projected to reach a market value of US$ 17.91 million by 2033, growing at a CAGR of 6% from 2023 to 2033. Currently valued at US$ 10 million in 2023, the market demonstrated steady expansion in previous years, registering a CAGR of 4% from 2018 to 2022.

WHIM syndrome, a rare immunodeficiency disorder characterized by severe infections, low white blood cell count, and other health complications, has driven demand for effective management and treatment solutions. Increased focus on research and the development of targeted therapies is fueling market growth as healthcare providers work to improve patient outcomes and quality of life for those affected by WHIM syndrome.

North America is a leading region in the WHIM syndrome management market, supported by strong research infrastructure and significant investment in rare disease therapeutics. Meanwhile, the Asia-Pacific region is expected to see growth due to rising healthcare awareness, better diagnostic capabilities, and supportive healthcare policies.

As the healthcare sector continues to prioritize rare disease treatment, the WHIM syndrome management market is expected to gain traction, with leading companies concentrating on advancing therapeutic approaches, expanding clinical trials, and fostering collaborations to address this critical unmet medical need.

What are the Challenges Faced by the Whim Syndrome Management Market?

Expensive Cost of Treatment to restrict Market Growth

The market is projected to get significantly affected by the challenging factors such as limited availability and high cost of advanced Whim Syndrome Management options. Expensive treatments and related costs such as hospitalization, intensive care, or specialized diagnostic tests, is expected to hinder the market growth.

Furthermore, the small patient population means that the market is likely to remain niche, with limited competition and high costs for treatments. Additionally, the rarity of the disease can present challenges in terms of diagnosis and patient recruitment for clinical trials, which may slow the pace of research and development for new treatments.

Market Competition

Key players in the market include companies such as X4 Pharmaceuticals, National Institute of Allergy and Infectious Diseases, GSK plc, Bristol Myers Squibb Company, F-Hoffmann La Roche Ltd., Pfizer Inc., Johnson and Johnson Services, Inc., Horizon Therapeutics plc, Amgen, and Leadiant Biosciences along with healthcare providers and technology companies among other global players.

Recently, Under the leadership of Philip Murphy, M.D. and David McDermott, M.D., researchers from the IRP identified and enrolled three patients with advanced WHIM syndrome, who were unable to receive standard treatment, in an open-label study. These patients were given low doses of the drug plerixafor, and all three of them experienced a decrease in the frequency of infection, as well as a significant improvement in their quality of life. The use of plerixafor to treat WHIM syndrome represents a new paradigm for patients who cannot control their symptoms through conventional therapies. As a result, a randomized, double-blind Phase 3 trial has been designed to compare plerixafor to standard treatment, evaluate its clinical efficacy, and gather additional safety information. This trial can be found on ClinicalTrials.gov with the identifier NCT02231879.
Leadiant Biosciences is developing an immunoglobulin replacement therapy for the treatment of Whim Syndrome. The therapy, called Revcovi, has been approved by the FDA and EMA for the treatment of Adenosine Deaminase Severe Combined Immunodeficiency (ADA-SCID), but is also used off-label for the treatment of Whim Syndrome.

Key Companies Profiled

X4 Pharmaceuticals, National Institute of Allergy and Infectious Diseases, GSK plc, Bristol Myers Squibb Company, F-Hoffmann La Roche Ltd., Pfizer Inc., Johnson and Johnson Services, Inc., Horizon Therapeutics plc, Amgen, and Leadiant Biosciences

A Full Report Overview

Key Segments Profiled in the Whim Syndrome Management Industry Survey

Drug Class:

Mavorixafor
Plerixafor

Route of Administration:

Oral
Parenteral
Injectable

Distribution Channel:

Hospital Pharmacy
Retail Pharmacy
Online Pharmacy

Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

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T: +1-347-918-3531

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Website: https://www.futuremarketinsights.com
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Global Aerial Work Platforms Market Size Expected to Hit USD 19.43 Billion by 2033, Growing at a 6.1% CAGR | FMI Projection

Future Market Insights projects that the global aerial work platforms market will reach approximately USD 19.43 billion by 2033, representing a moderate compound annual growth rate (CAGR) of 6.1%. This marks a significant increase from the anticipated value of USD 10.75 billion in 2023.

Aerial work platforms, including mobile elevating work platforms, cherry pickers, and aerial lifts, are increasingly being favored over scaffolding and ladders due to their superior flexibility and mobility. Technological advancements, mechanization, and global urbanization are driving the rising demand for these versatile tools.

These platforms are crucial in various sectors, such as manufacturing, utilities, oil and gas, and telecommunications, where they are used for maintenance and repair tasks. They provide safe access to elevated areas, enhance productivity, and minimize accident risks.

The construction industry’s growth is a significant driver for the aerial work platforms market. As global construction projects increase, there is a greater need for safe and efficient access to high areas, such as buildings, bridges, and highways. Aerial work platforms play a critical role in providing secure and convenient access for workers.

Urbanization and infrastructure development in emerging economies are also contributing to market demand. Expanding cities and upgrading infrastructure make aerial work platforms essential for construction, maintenance, and renovation tasks. Investments in smart cities and transportation infrastructure further boost the need for these platforms.

Airports are major users of boom and scissor lifts for tasks like luggage handling, storage, and aircraft maintenance. Articulated electrical boom lifts are particularly valuable for airport operations. As air travel grows and new airports are built, the demand for various types of lifts is expected to increase.

Increased focus on workplace safety is also driving market growth. Organizations are prioritizing safer working environments, making aerial work platforms a preferable alternative to traditional ladders and scaffolding. Compliance with stringent safety regulations and standards further influences the market.

Electric-powered aerial work platforms are gaining traction due to their eco-friendliness and cost-effectiveness compared to traditional fuel-powered models. With a global emphasis on sustainability and reducing carbon emissions, electric AWPs are expected to see greater adoption.

The expansion of warehouse facilities, driven by the rise in e-commerce, supports market growth. Scissor lifts, vertical lifts, and boom lifts are widely used for material handling and transportation in warehouses. The trend towards fully automated warehouses in developed countries also contributes to increased demand.

Finally, there is a growing need for aerial work platforms tailored to specific industry requirements and specialized applications. Manufacturers are increasingly developing customized solutions to meet the unique needs of various sectors and challenging environments.

Key Findings from the Aerial Work Platforms Market:

The aerial work platforms industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 3.5% through 2033.
The United States held a 14.2% share of the global aerial work platforms industry in 2022.
With a CAGR of 7.7% over the forecast period, India is predicted to develop rapidly in the aerial work platforms industry.
In 2022, Japan had a 4.6% share of the aerial work platforms industry globally.
China’s aerial work platforms industry is expected to flourish, registering a CAGR of 7.2% over the forecast period.
Germany accounted for 5.1% of the global aerial work platforms industry in 2022.

Competitive Landscape in the Aerial Work Platforms Market:

Key players are actively engaged in various strategies to maintain a competitive edge and expand their market presence. These strategies include product innovation, technological advancements, strategic partnerships and collaborations, mergers and acquisitions, and geographical expansions. Companies are focusing on developing advanced aerial work platforms with enhanced safety features, increased efficiency, and improved sustainability to cater to the growing demand for elevated work solutions across different industries.

Key Players:

Terex Corporation
Haulotte Group
OSHKOSH CORPORATION
Linamar Corporation
Tadano Limited
Aichi Corporation
MEC AERIAL WORK PLATFORMS
PALFINGER AG
Manitou Group
IMER INTERNATIONAL SpA
J C BAMFORD EXCAVATORS Ltd.
Hunan Sinoboom Heavy Industry Co. Ltd.
Zhejiang Dingli Machinery Co., Ltd.

Key Segmentations:

By Product Type:

Boom Lifts
- Telescopic
- Articulating
- Trailer Mounted
- Self-Propelled
Scissor Lifts
Vertical Mast Lift
- Double Mast AWP
- Single Mast AWP
Push Around and Spider Lifts

By Fuel Type:

Gas / Diesel
Electric
Hybrid

By Platform Working Height:

Below 10 Meters
10 to 20 Meters
20 to 30 Meters
Above 30 Meters

By Sales Channel:

OEM
Rental Service Providers

By End Use:

Construction
Mining
Transportation and Logistics
Manufacturing
Aerospace and Defence
Others

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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5G in Defense Market for 2023 to 2033: Transforming Military Communication and Surveillance with Rapid Growth Forecasted at a 33.6% CAGR

The global 5G in defense market is poised for unprecedented growth, starting with a valuation of US$ 281.8 billion in 2023. Fueled by advancements in smart communication technologies, enhanced data speeds, and resilient network solutions, the market is projected to reach US$ 5,118.3 billion by 2033, expanding at a remarkable CAGR of 33.6%. The United States 5G in defense market alone is forecast to grow at a CAGR of 33%, reaching US$ 1.3 billion by 2033. Smart cell communication infrastructure, a critical component, is anticipated to drive revenue, contributing significantly to market expansion with a projected CAGR of 31.5% over the decade.

Key Takeaways from Market Study:

The global 5G in defense market is expected to grow from US$ 281.8 billion in 2023 to US$ 5,118.3 billion by 2033, marking a 33.6% CAGR over the forecast period.
In the United States, the market will experience substantial growth, reaching US$ 1.3 billion by 2033 with a 33% CAGR.
Smart cell communication infrastructure leads the sector, anticipated to achieve a 31.5% CAGR from 2023 to 2033.
Significant advancements in 5G technologies are expected to bolster defense sectors, improving real-time data transmission, remote operation capabilities, and battlefield intelligence.

Drivers and Opportunities
The 5G in defense market is primarily driven by the demand for high-speed, low-latency communication systems necessary for modern military operations. The integration of IoT-based smart devices for real-time monitoring, surveillance, and communication among personnel on the field significantly impacts mission outcomes. As cyber threats and global tensions increase, defense sectors are keenly investing in robust 5G infrastructure, creating vast opportunities for growth. Further, edge computing and AI-powered analytics embedded within 5G networks are expected to transform military surveillance and operational efficiency, opening doors for innovation in both technology and security protocols.

Component Insights
The 5G in defense market encompasses several key components, including smart cell communication infrastructure, hardware equipment, software solutions, and network infrastructure. Smart cell communication infrastructure, projected to hold the largest share, enhances real-time data collection and transmission with superior network coverage. Meanwhile, robust software solutions enable encrypted data sharing and predictive analysis, playing a vital role in safeguarding military information from cyber-attacks.

Application Insights
Applications of 5G in the defense sector range from enhanced communication and connectivity for ground forces to remote operations in UAVs and autonomous vehicles. By incorporating 5G-enabled IoT and AI systems, the military can perform high-stakes operations with greater precision and agility. The deployment of 5G networks allows seamless connectivity for remote surveillance, equipment maintenance, and live-streaming data feeds, greatly enhancing situational awareness on the battlefield.

Deployment Insights
Both public and private 5G networks are being deployed within the defense sector, each offering unique benefits. Private networks provide enhanced security, customizable configurations, and resilience against interference, essential for sensitive operations. Meanwhile, public networks allow for broader access and greater reach, useful for large-scale surveillance and communication across vast terrains. This dual-deployment model facilitates a balance between security needs and operational flexibility in military operations.

Key Companies & Market Share Insights
Leading players in the 5G in defense market include Ericsson, Huawei Technologies, Nokia Corporation, Qualcomm, and Verizon Communications. These companies invest heavily in R&D and collaborations to create secure, high-performance 5G networks tailored for defense applications. Partnerships with government bodies and defense contractors further strengthen their market position, enabling them to address the dynamic needs of the defense sector while innovating with advanced 5G technology solutions.

Recent Developments

Ericsson recently collaborated with government bodies to deploy secure 5G solutions for defense communications, focusing on secure data transmission and resilience.
Huawei Technologies announced advanced 5G modules aimed at enhancing autonomous UAV capabilities in defense applications.
Nokia Corporation expanded its partnership with NATO members, focusing on 5G-powered smart communication systems for real-time operational data transfer.

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Scissor Lift Market Set to Total USD 4251.7 Million by 2034, Surging at 3.5% CAGR, Owing to Growing Construction Industry Worldwide | Future Market Insights, Inc.

The estimated global scissor lifts market size is anticipated to reach USD 3014.1 Million by 2024 and is set to grow at a CAGR of 3.5% from 2024 to 2034. It is anticipated that worldwide sales of scissor lifts will total USD 4251.7 Million by 2034, driven by increasing investment in infrastructure development and renovation projects.

Rapid urbanization in emerging economies and increased renewable energy projects are driving demand for mobile elevating work platforms. Safety regulations and the construction sector’s focus on customization are set to increase the need for reliable platforms. The end-use industry is also anticipated to demand mobile elevating platforms for maintenance and inventory management.

The sector is expected to consolidate as industry giants acquire emerging companies and adopt renting equipment for cost-effective alternatives. Manufacturers are developing versatile aerial work platforms with unique selling points, and electric scissor lifts are becoming mainstream due to their lower operational costs and environmental benefits.

Key Takeaways from the Market Report:

The scissor lift market is set to reach USD 4251.7 Million by 2034 with a CAGR of 5%.
By platform height, up to 30 feet is leading the scissor lift market with a value share of 1% in 2024.
Based on the end-use industry, the construction sector accounted for a market share of 6% in 2024.
India is estimated to record a CAGR of 2% between 2024 and 2034.
China is anticipated to hold the leading position and show steady growth at a CAGR of 9% by 2034.

“Rental model is experiencing increasing demand in the scissor lift sector, providing organizations with flexibility of equipment use and cost savings,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Who’s Winning?

Leading scissor lift companies like Terex Corporation, JLG Industries, Linamar Corporation, Snorkel International, and Haulotte Group are developing aerial work platforms with enhanced maneuverability, variable platform heights, and increased lifting capacity. These players prioritize safety, overload protection, automated tilt sensors, and operator training programs.

The manufacturers are also researching electric scissor lifts with longer battery lives and hybrid models. Sensors on mobile elevating work platforms are being installed to gather data for predictive maintenance and fleet management. Industry giants are targeting developing nations with a growing construction sector, forming partnerships with distributors and rental companies, and focusing on sustainable practices.

Industry Updates:

JLG Industries, Inc., headquartered in Pennsylvania, in February 2024, introduced a new electric scissor lift, the ES4046.
Manitou Group, headquartered in France, in February 2024, launched a new range of aerial work platforms, marking its first in-house production. The new models, SE 0808 and SE 1008 offer 8m and 10m working heights, followed by a 12m model, SE 1212.

Key Players in Scissor Lift Market:

Terex Corporation
JLG Industries
Linamar Corporation
Snorkel International
Haulotte Group
Zhejiang Dingli Machinery Co, Ltd
Aichi Corporation
Manitou BF
Hunan Sinoboom Heavy Industry Co., Ltd.

Get More Insights into the Scissor Lift Market Report:

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the scissor lift market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the industry potential, growth, and scope, the industry is segmented based on platform height (, up to 30’, 30’ to 50’, and more than 50’), type (electric scissor lifts and engine-powered scissor lifts), end-use industries (construction, entertainment, commercial, manufacturing, and others), and regions (North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, Middle East, and Africa).

Scissor Lift Market Segmentation Analysis:

By Platform Height:

Upto 30’
Between 30’ to 50’
More than 50’

By Type:

Electric
Engine-powered

By End-use Industries:

Construction
Entertainment
Commercial
Manufacturing, and others

By Region:

North America
Latin America
Western Europe
South Asia
East Asia
Eastern Europe
Middle East and Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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Global Machine Mount Market Size Expected to Reach USD 3,097.5 Million in 2033, Predicts Future Market Insights, Inc.

The global machine mount market value is USD 1,848.20 Million in 2023. The machine mount sales are expected to witness a CAGR of 5.3% from 2023 to 2033. The machine mount demand is anticipated to reach USD 3,097.65 Million by 2033.

The global machine mount industry is stimulated by the rising demand for heavy machinery and equipment in various industries, including automotive, manufacturing, and construction. The machine tool market is gaining momentum due to the expanding demand for power generation and the rising need for industrial automation.

Growth Accelerators in the Global Machine Mount Industry:

Potential machine mount market opportunities include rising demand for energy-efficient and affordable industrial processes, the development of smart factories, and the increasing acceptance of Industry 4.0.
The main trends boosting market expansion for machine mount are the advancement of efficient energy sources, such as renewable energy, and increasing demand for energy-efficient and less expensive industrial processes.
The growing machine mount demand is pushing the market for increased machinery performance and efficiency.
Rising demand for safety and noise control contributes to market expansion since machine mounts aid in safety and noise reduction.
Developing innovative materials and technologies to boost the performance and cost-efficiency of machine mounts influences machine mount industry size.

Factors Restraining the Global Machine Mount Market:

The machine mount industry is constrained by the high cost of implementation and a lack of awareness about the benefits of machine mounts. Many machine mount manufacturers still need to be more hesitant to employ machine mount due to the expensive cost of implementation.
A lack of awareness regarding the benefits of machine mounts inhibits market expansion.

Regional Outlook:

The machine mount market in North America is expanding quickly due to the increased demand for automation and robotics.
The demand for machine mounts is driven by North America’s robust economic expansion and increased disposable incomes. The growing demand for automobiles in the North American region is advantageous for the market.
The European machine mount industry is expanding rapidly due to the rising demand for industrial automation and the requirement for effective solutions.
As more people can afford the technology, demand increases throughout Asia Pacific due to the region’s expanding middle-class population.
Asia Pacific is a desirable regional market for manufacturing due to low labor costs and the availability of trained personnel.
The machine mount industry is growing due to Asia Pacific’s robust economic expansion and rising infrastructure spending.

Key Takeaways:

The leveling mounts segment holds 53% of the market by product type.
In the machine type category, the general machine tools segment acquires a market share of 5%.
The Canada machine mount market is anticipated to accelerate at a CAGR of 3% from 2023 to 2033.
The United States machine mount sales are anticipated to surge at a CAGR of 3% through 2033.
The machine mount demand in the United Kingdom is expected to grow at a CAGR of 7% from 2023 to 2033.
The market in France is expected to develop at a CAGR of 9% through 2033.
The Italy market is expected to continue to spur at a CAGR of 2% through 2023.
The market in Spain is projected to expand at a CAGR of 2% from 2023 to 2033.
The market in Germany forecasts a CAGR of 4% through 2023.
The Indian market is anticipated to rise at a CAGR of 5% over the forecast period.
China machine mount sales are expected to climb at a CAGR of 6% until 2033.
Japan’s market is expected to exhibit a CAGR of 7% through 2023.
ASEAN machine mount sales are projected to record a CAGR of 6% from 2023 to 2033.
Australia and New Zealand (ANZ) weapon mounts market growth is expected to register a CAGR of 6% through 2023.

“As the industrial automation and manufacturing sectors continue to rise, the machine mount industry is expected to register stable growth. The market is set to be driven by the rising demand for equipment stability, vibration control, and noise reduction. To gain profits from the trend, key firms are concentrating on developing novel solutions to enhance their global market presence,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Increased acquisition and expansion activity has been noticed during the last few years to increase the supply of machine mounts. The efficiency of machine mounts for various purposes is another study area for several significant machine mount businesses. The presence of several machine mount manufacturers in the international market helps in boosting the market’s growth.

Key Companies Operating in the Machine Mount Industry:

Trelleborg AB
Cummins Inc.
LORD Corporation
Hutchinson SA
Total Vibration Solutions Ltd.
VibraSystems Inc.
Sunnex Group
Nu-Tech Engineering Services Ltd.
Rosta AG
Vishwaraj Rubber Industries
Industrial Components Group
Fibet Group
Kurashiki Kako Co., Ltd.
NHK Group
IAC Acoustics

Recent Developments:

Nook Industries unveiled a new vibration-dampening technology for machine mounting in June 2020.
KTR Systems launched a new vibration isolation mount solution for machine mounting in August 2020.
Kaman Corporation released a novel vibration-dampening technology for machine mounting in September 2020.
Nook Industries and Kaman Corporation developed a strategic cooperation in June 2020.
KTR Systems and Kaman Corporation established a strategic partnership in August 2020.
Kaman Corporation and KTR Systems formed an agreement to collaborate in September 2020.

Machine Mount Market Segmentation Analysis:

By Product Type:

Leveling Mounts
Anti-Vibration Mounts
Sandwich Mounts

By Machine Type:

CNC Machines
General Machine Tools
Cutting Machines
Injection Molding Machines
Forming Presses
EDM Machines
Air Compressors

By Sales Channel:

OEM
Aftermarket

By Region:

North America
Latin America
Eastern Europe
Western Europe
China
Japan
South East Asia and Pacific
Middle East and Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Global Atypical Hemolytic Uremic Syndrome (aHUS) Treatment Market to Reach USD 2308.84 Million by 2033 at a 4.9% of CAGR Amid Rising Research & Development Efforts

The global atypical hemolytic uremic syndrome (aHUS) treatment market is on a growth trajectory, expected to attain a value of US$ 2,308.84 million by 2033, expanding at a CAGR of 4.9% from 2023 to 2033. Currently valued at US$ 1,431 million in 2023, the market has experienced steady growth, recording a CAGR of 3.4% between 2018 and 2022.

The growth of the aHUS treatment market is largely driven by intensified research and development initiatives aimed at delivering effective treatment options for this rare and life-threatening condition. As aHUS patients often face critical health complications due to complement system dysregulation, there is a pressing demand for advanced therapies that can effectively manage symptoms and improve patient outcomes.

North America leads the market, thanks to robust healthcare infrastructure and active investment in rare disease research. Meanwhile, the Asia-Pacific region is emerging as a promising area for growth, supported by increasing healthcare spending, improved diagnostic capabilities, and greater awareness of rare diseases.

With the growing focus on developing innovative and effective treatments, the global aHUS treatment market is expected to see significant advancements. Key industry players are anticipated to prioritize new product development, clinical trials, and strategic partnerships to accelerate therapeutic progress and support patients living with atypical hemolytic uremic syndrome worldwide.

Market Competition

Key players in the atypical hemolytic uremic syndrome (ahus) treatment market are Alexion Pharmaceuticals, Omeros Corporation, Novartis Pharmaceuticals, Hoffmann-La Roche, Chugai Pharmaceutical, Tasly Biopharmaceuticals, Prestige BioPharma, Abbott Medtronic, Teva Pharmaceuticals Ltd., Zydus Pharmaceuticals, Inc.

Roche’s lead drug for aHUS named satralizumab, a monoclonal antibody targets the interleukin-6 (IL-6) receptor. Satralizumab is not a direct complement inhibitor, but rather works by blocking the IL-6 pathway, which is a key pathway in the inflammation process that can contribute to complement activation in patients with aHUS.
Tasly’s lead drug for aHUS called TJ301, a recombinant humanized anti-C5 monoclonal antibody targets the complement system. TJ301 binds to complement protein C5 and prevents the formation of the membrane attack complex, which can cause damage to red blood cells, platelets, and other cells in the body.

Key Companies Profiled

Alexion Pharmaceuticals
Omeros Corporation
Novartis Pharmaceuticals
Hoffmann-La Roche
Chugai Pharmaceutical
Tasly Biopharmaceuticals
Prestige BioPharma
Abbott Medtronic
Teva Pharmaceuticals Ltd.
Zydus Pharmaceuticals, Inc.

A Full Report Overview

Key Segments Profiled in the Atypical Hemolytic Uremic Syndrome (aHUS) Treatment Industry Survey

Product Type:

Mono
Combination
Mono/Combination

Molecule Type:

Monoclonal Antibody
Peptides

Polymer:

Small molecule
Gene therapy

Route of Administration:

Oral
Parenteral
Intravenous
Subcutaneous
Topical

Distribution Channel:

Hospital Pharmacy
Retail Pharmacy
Online Pharmacy

Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

About Future Market Insights (FMI)

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