Automotive Die Casting Lubricants Market: During the assessment period, is predicted to grow at a CAGR of 4.1 percent- FMI

Rising automobile sales, backed by a growing urban population, will boost demand for automotive die casting lubricants over the forecast period. Furthermore, the growing trend of sustainability and a focus on energy-saving measures is projected to enhance sales of automobile die casting lubricants.

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There is a high demand for fuel-efficient and lightweight automobiles due to severe carbon emission regulations. As lightweight cars, aluminum, magnesium, zinc, and other non-ferrous materials are becoming increasingly significant in the automotive industry. The market for automotive die casting lubricants is predicted to grow as a result of these factors.

However, lightweight materials with good mechanical strength are comparatively more expensive than conventional materials. The high costs associated with these materials will impact the profit margins and hinder sales of automotive die casting lubricants in the forthcoming years.

FMI’s in-depth regional analysis projects the U.S. to dominate the North American die casting lubricants market, owing to the presence of key market players and robust automotive sector. Expanding at a 3.5% CAGR, the U.S. is anticipated to capture 91.0% of the North American die casting lubricants market share.

“Government-led initiatives encouraging the production and sales of electric vehicles, coupled with increasing research and development efforts to develop sustainable automotive die casting lubricant materials will continue augmenting market growth through 2031,” says the FMI analyst.

Key Takeaways from Automotive Die Casting Lubricants Market Study

  • Based on lubricant type, die casting lubricants will dominate the segment, holding 94% of the total revenue generated.
  • Sales of water-based lubricants is projected to grow at a 4.3% CAGR.
  • Aluminum will emerge as the most-preferred material type, accounting for 75% of the total market share.
  • The U.S. will continue dominating the North American automotive die casting lubricants market, growing at a 3.5% CAGR.
  • China will emerge as an attractive automotive die casting lubricants market, reaching a valuation of US$ 31.5 Mn in 2021.
  • Germany will continue witnessing high demand for automotive die casting lubricants, accounting for 28% of the European market share.

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Automotive Die Casting Lubricants Market: Participant Insights                      

Henkel AG & Co. KGaA, Chem-Trend LP, Quaker Houghton Inc., Moresco Corp., The Hill, and Griffith Company, Geiger + Co. Schmierstoff-Chemie GmbH,   Ultraseal India Pvt. Ltd, CHEMTOOL INCORPORATED, Condat SA, Hardcastle Petrofer Pvt. Ltd,  Sunocs LLC, J&S Chemical Corporation, Lubgraf Synoils Pvt. Ltd., Aoki Science Institute Co., Ltd, Falcon Industrial Inc, Lafrance Manufacturing, Marbo Italia spa, Sunrise Chemtech Pvt. Ltd, Acme Refining LLC are some of the leading players operating in the global automotive die casting lubricants market.

As per FMI, top 5 players comprise Henkel AG & Co. KGaA, Quaker Houghton Inc., Moresco Corp., Condat SA, and Chemtool Incorporated, accounting for approximately 50-60% of the total market share.

Automotive Die Casting Lubricants Market by Category

By Lubricant Type:

  • Die-Casting Lubricant
  • Plunger Lubricant

By Type:

  • Water-based
  • Solvent Based
  • Other

By Die-Casting Material:

  • Aluminum
  • Magnesium
  • Zinc
  • Other

By Region:

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

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Chopper Pumps Market is anticipated to reach a valuation of US$ 1.21 Bn by 2030: FMI

By the end of 2022, the market for chopper pumps is anticipated to have grown by 4.5 percent year over year, or US$ 818.4 Mn. The market for chopper pumps is anticipated to grow at a CAGR of 5% in the future, reaching a valuation of US$ 1.21 billion by 2030. (2022-2030).

The surging popularity of chopper pumps is ascribed to their growing applications in wastewater treatment across municipal as well as industrial settings. As the demand for clean and potable water is rising in the wake of rapid urbanization, adoption of efficient pumps is on the rise. A major advantage of chopper pumps is that it helps overcome the problem of clogging, a common impediment across water treatment plants. It does so by breaking down heavy solids to enable smooth passage.

Incorporation of variable frequency drives (VFDs) has proven to be an important catalyst for the rapid adoption of chopper pumps. Equipped to adjust flow or pressure to the actual demand, end-users can achieve immense cost savings while using VFDs. VFDs also enable end-users to invest less in wet well size, allowing for space saving. Chopper pumps are also utilized in manure slurries to generate organic fertilizers which can be used for various agricultural applications.

Due to the coronavirus pandemic, however, manufacturers are witnessing shrinking revenue pools attributed to supply chain disruptions due to factory shutdowns. The near-term impact on the chopper pumps market shall depend on effective supply chain management and fiscal measures for continued liquidity of small and medium enterprises. As the pandemic recedes, growth shall resurface eventually generating enhanced revenue prospects.

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“Manufacturers are shoring up their distribution and retailing capabilities through multi-pronged branding strategies. Offerings which are largely integrated with accessories, additional products and after-sales service programs is providing room for significant cost-savings by important stakeholders,” infers an FMI analyst.

Key Takeaways from the Global Chopper Pumps Market Study

  • In terms of outlet diameter, the 100-150 mm segment is the most sought after, accounting for 2/5th of the global chopper pumps market share
  • Sewage and wastewater treatment will account for 70% of chopper pumps applications throughout the forecast period
  • Boosting torque and drive efficiencies are the key focus areas for chopper pump manufacturers, with a view to enhance output efficiency
  • Asia-Pacific is slated to promise lucrative prospects for deeper penetration of chopper pumps in the regional setting

Global Chopper Pumps Market- Key Trends

  • As pumping solutions leave behind a significant environmental footprint, manufacturers are investigating possibilities of designing ‘green’ pumps and ‘green’ systems. Regional players are therefore seeking to establish common protocols and a single market landscape to achieve this
  • The advent of smart water pumps is accelerating investments by leading manufacturers in technological advancements in the form of IoT and big data, heightening revenue prospects for chopper pumps
  • Vertically configured chopper pumps are acquiring immense popularity due to their ergonomic design
  • Continuous innovation in pumping solutions have significantly pushed up manufacturing costs, compelling market players to develop dynamic business models.

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Global Chopper Pumps Market- Region-wise Analysis

  • Europe is the leading market for chopper pumps and shall account for 1/4th of the global market by 2030. The presence of a multitude of small and medium enterprises is accelerating chopper pumps production in the region
  • Mushrooming agricultural, industrial and food processing landscape across the US and the UK is increasing the uptake of chopper pumps in these markets, providing ground for future expansion
  • Asia-Pacific is set to emerge as the most profitable region. 70% of chopper pump demand is generated in China due to the proliferation of the paper and pulp industry

Global Chopper Pumps Market- Competitive Landscape

The chopper pumps market is fragmented in nature. Some prominent market players in this landscape are Sulzer Ltd., Vaughan, Landia A/S, Cornell Pump Co., Xylem Inc. and Eddy Pump. These players comprise a quarter of the overall market share.

The abovementioned players concentrate on reducing maintenance costs and capital expenditure along with product innovation to consolidate their position in the market. An example of this is the manufacturing of a long shaft biogas chopper pump by DPS Ltd. to be installed at its biogas plants in Ireland. The pump is intended to convert cow slurry into useful agricultural products.

Vaughan Co, a prominent U.S-based pumps supplier, has registered over 20 patents for its range of innovative products. The company has supplied chopper pumps to McCain Foods in order to help them clean up the bean waste which regularly clogged their systems.

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A new market research report published by Future Market Insights (FMI) on the global Chopper Pumps Market report provides in-depth insights into the market demand trends and assessment of opportunities during the forecast period. The report analyses the Chopper Pumps Market through four different segments- product type, outlet diameter, application, and region. The Chopper Pumps market report also offers detailed analysis of pricing analysis by different product type and demand across end-use industry.

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Smart Locks Market is Projected to Register a CAGR of 18% Through 2032

The global smart locks market size was worth US$ 3.2 billion in 2022, and it is expected to grow at a CAGR of 18% to reach US$ 16.8 billion by 2032.

Residential owners’ attraction to not having to carry around mechanical keys is predicted to result in a spike in smart lock sales.

The demand for smart locks is increasing globally due to the advantages of smart home architecture, including seamless connectivity, voice control, and remote access.

Examples of communication technologies driving demand for smart locks include Wi-Fi, Z-Wave, ZigBee, Thread, and Propriety. All of these technologies are occasionally merged into a single device.

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The overall sales of smart locks in these areas have been assisted by elements like the capacity to monitor the security of the premises and secure and simple control of numerous entry points through remote access.

The same capability is encouraging several stakeholders to invest sizeable money, which in turn is increasing the market share for smart locks.

The need for smart locks grows as more hotels decide to upgrade the security of their buildings by replacing RFID locks that can be opened with IC cards with Bluetooth or Wi-Fi locks.
The new smart lock, which is targeted at enterprises and office spaces, has a lot of potential for growth and as many consumers as possible, therefore sales of smart locks are expected to increase.

Due to the necessity for greater safety, management has been forced to streamline the process for authorised users to unlock doors, which has accelerated sales of smart locks.

A new biometric smart lock from U-tec, for instance, is anticipated to be released and is intended exclusively for use in office doors, which would probably increase demand for smart locks.
Another significant factor believed to be boosting the sales of smart locks is the Internet of Things (IoT), which is the networking of smart electronic devices or things to exchange data signals without the need for human involvement.

What Causes Fluctuations in the Smart Locks Market?

The market for smart locks is currently anticipated to be largest in North America.
A favourable regulatory framework has been created for the sales of smart locks as a result of the region’s high consumer buying power and growing security concerns, particularly in critical infrastructure and residential applications.

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Sales of smart locks are also anticipated to increase as a result of the leading players’ growth into new markets, particularly in European nations, and the techniques they’ve implemented to increase their market shares.

The Asia-Pacific region, particularly in nations like India, China, and Japan, is predicted to experience the smart locks market’s highest growth.

A rise in residential and commercial construction projects as well as ongoing smart city initiatives in developing nations like India are to blame for the huge increase in demand for smart locks in the Asia-Pacific region.

Additionally, the region’s adoption of smart homes has grown dramatically, and this is helping to improve awareness of cutting-edge devices and technologies in the Asia-Pacific smart locks market.
Due to a slowing global economy in these areas, it is expected that the market for smart locks would grow steadily in other parts of the world.

Who are the Major Players in the Smart Locks Market?

Among many others, AT&T Intellectual Property, Comcast, Lowe’s Companies, Inc., Staples, Inc., UniKey Technologies, Inc., Yale Real Living, MIWA Lock Co., and HAVEN are some of the companies that compete in the global market for smart locks.

The market for smart locks is consolidated since it is still in its early stages, with few adoptions occurring globally and businesses competing to gain market share.

The market for smart locks provides smart lock providers with a number of growth prospects due to the rising need for home and building security.

As a result, industry participants in smart locks are continuously coming up with new items to offer in order to capture the largest possible share of the smart locks market.

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Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

To be Continue…!

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Market For Laser Welding Equipment Is Anticipated To Grow By US$ 373 Million.

The technique helps join parts that require high-speed welding and little thermal distortion. Most of the time, the laser welding process is used in unusual applications where no other welding method would be appropriate.

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The product is highly demanded by the essential growth sectors such as photovoltaic, entertainment electronics, medical device technology etc. The continued growth in the photovoltaic demand and succeeding its production are greatly responsible for the growth of the global laser welding equipment market. The equipment provides high precision, flexibility and productivity which allows mass production of innovative products.

The global laser welding equipment market is expected to grow due to the extensive usage of laser welding equipment in various end-user segments. The growing market has been experiencing a phase of emerging acceptance by many new customers that are new to the laser. The global laser welding equipment market is being expanded based on three-pronged areas including the already existing users that are increasing their use of laser welding equipment for explicit applications; the development of new technologies for new applications; and the development of new applications for existing technologies.

Recently heavy industries such as the wind industry has been increasing their usage of laser welding equipment so as ensure a lower cost of offshore wind energy. The wind turbine towers and substructures are becoming the prime focus points for laser welding equipment manufacturers.

Laser Welding Equipment Market: Drivers & Restraints

The global laser welding equipment market is expected to grow due to increasing demand from the automotive sector as well as the construction sector. The market augmentation is further supported by the emerging economies such as Asia pacific with high growth potential industries such as wind energy. The rising importance of wind energy is expected to promote the global laser welding equipment market.

The emergence of the new procedures and applications globally coupled with new technological development is further driving the growth of the global laser welding equipment market.

Conversely, the shortage of skilled labours in the industries of manufacturing is accepted to confine the market growth. It is also anticipated that a hefty initial price tag (that saves money over time) and high labour costs can pose a challenge for the growing market of laser welding equipment market.

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Laser Welding Equipment Market: Region-wise Outlook

The laser welding equipment market is expected to register favourable growth for the forecast period, 2015? 2025. The Asia Pacific is projected to endure control of the global laser welding equipment market. The factors contributing to the rising demand in APAC are growing awareness of laser welding technology and rising construction sector, automotive and transportation sector.

Europe is expected to lose its share to emerging economies due to the shortage of raw materials and adverse effects of economic crisis on the end user industries. The North America and Rest of the world followed the European market.

Laser Welding Equipment Market: Key Players

The key players in the global laser welding equipment market are Lincoln Electric, ITW, Böhler, Panasonic and ESAB (Elektriska Svetsnings-Aktiebolaget)

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

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

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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.

Laser Welding Equipment Market: Segmentation

By application, the global laser welding equipment market is segmented as follows:

  • Spot welding and seam welding
  • Deposition welding
  • Scanner welding
  • Hybrid welding
  • Deep penetration welding
  • Heat conduction welding
  • Soldering
  • Laser welding of plastics
  • Tube and Profile welding

By end use, the global laser welding equipment market is segmented as follows:

  • Machine Tool Industry
  • Medical Device Technology
  • Plastic Processing
  • Solar Industry (Photovoltaic)
  • Electronics Industry
  • Automotive Industry
  • Semiconductor Industry
  • Glass Industry
  • Jewellery Industry
  • Packaging Industry
  • Plastic Processing
  • Others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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

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By 2032, The Market For Compressed Air Filtration And Dryer Systems Is Anticipated To Grow To Around $9.8 Billion USD

The compressed air filtration and dryer system market is predicted to grow at a moderate CAGR of 6% during the forecast period. The compressed air filtration and dryer system market is likely to reach nearly US$ 9.8 Bn by 2032 from US$ 5 Bn in 2021.

Compressed air solutions, which are increasingly being used to improve production, are in high demand in the food and beverage industry. Compressed air dryers protect equipment from hazardous and corrosive environments.

Compressed air dryers have grown in popularity in recent years as a result of their numerous applications in a variety of industries, including healthcare and medicine. In recent years, producers have increased their manufacturing capacity using refrigeration systems to meet expanding demand.

The compressed air filtration and dryer system market’s progress is aided by the strong forecast of the automotive, healthcare, and food and beverage sectors. In all sectors, compressed air production is one of the costliest auxiliary functions. The most important components of compressed air systems are compressed air filters and dryers. These systems are extremely sensitive to their surroundings.

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Key Takeaways

  • Demand from China is expected to boost revenue in the Asia Pacific compressed air treatment equipment market, which is expected to increase at a rate of over 6% through 2027.
  • Because compressed air is required in a wide range of industrial applications, China’s global leadership in automobile and industrial production is having a significant impact on the whole market.
  • The compressed air filtration and dryer system market size in the healthcare industry is expected to exceed USD 1 billion by 2020. The market demand is being fueled by the increasing use of compressed air treatment systems in the medical compressed air sector.
  • The prevalence of humidity and other impurities in the process air is expected to drive a 4.5 percent CAGR in-process air from 2021 to 2027, which could have severe implications for plants.
  • Due to its widespread use to remove or reduce the amount of water from compressed air, compressed air dryers are expected to account for roughly 35 percent of the compressed air filtration and dryer system market share in 2027.

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Key Segments

By Product Type:

  • Compressed Air Dryers
    • Refrigeration Dryers
    • Desiccant or Adsorption Dryers
    • Deliquescent Dryers
    • Membrane Dryers
  • Compressed Air Filters
    • Particulate Filters
    • Coalescing Filters
    • Compressed Intake Filters
    • Activated Carbon filters

By Industry:

  • Automotive
  • Oil & Gas
  • Chemicals
  • Food &  Beverages
  • Electronics
  • Others

By Region:

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

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Competitive Landscape

To gain a competitive advantage, market players are continually engaging in regional expansion through partnerships, joint ventures, and mergers and acquisitions. Elgi Compressors USA, Inc. opened a new headquarters in Europe in September 2019, demonstrating the company’s strong expansion in the region.

Atlas Copco, Gardner Denver, Ingersoll Rand, Kaeser, Emerson Climate Technologies, Donaldson, Mann+Hummel, and Parker Hannifin are among the leading compressed air treatment equipment manufacturers.

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape

Vibration Control Systems Market:  Vibration control system manufacturers bringing in a flurry of products, Future Market Insights (FMI) expects outlook to be bullish during the period 2021-2031

Industrial Vacuum Cleaners Market: The global industrial vacuum cleaners market is estimated at US$ 569.1 Mn by 2022 and is expected to reach US$ 771.2 Mn by 2028, at a CAGR of 5.2% from 2022 to 2028

Magnetic Separator Market: The global magnetic separator market are projected to rise at a CAGR of 3.8% over the forecast period 2022-2029

Underground Mining Equipment Market: The global underground mining equipment market is expected to reach US$ 15.9 Bn in 2022. With sales growing at a steady 2.4% CAGR, the market valuation is projected to reach US$ 18.8 Bn in 2029

Fire Protection Systems for Industrial Cooking Market : Fire protection systems for industrial cooking market are slated to top US$ 4.8 Bn in 2022. Expanding at a healthy 5.9% CAGR, the market size is projected to total US$ 7.2 Bn by 2029

EUV Lithography Market : EUV Lithography sales were valued at around US$ 4,648.6 Mn by the end of 2021. The market is projected to register 21.5% CAGR between 2022 and 2029 reach a value of US$ 22,978.6 Mn by 2029

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ESD Safe Matting Market Will Expand At A 3.8% CAGR Between 2022 And 2032

Several electronic assemblies and components used in high technology products can get degraded or damaged by the sudden exchange of static electrical charge. Hence, ESD safe matting is used to protect equipment or employees from electrostatic shocks that are likely to cause injury or damage.

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ESD safe matting is used by people who work with Electrostatic Discharge (ESD)-sensitive electrical components such as backplanes, Printed Circuits Boards (PCBs) and motherboards. ESD safe matting helps create an ESD Protected Area (EPA).

Most of the units that manufacture electronic components as well as data centres that house mainframe supercomputers need to be very cautious when it comes to controlling their electrostatic discharge, as it can cause temporary or permanent damage. Not only the electronic components, but also the employees working at these places need to be protected from static discharge. Moreover, flammable materials, such as gases or chemicals, are likely to burn upon direct contact with electric sparks, which can be prevented with the usage of ESD safe matting.

ESD Safe Matting Market: Related Standards

The ESD safe mats should comply with standards such as ESD Standard 20.20, ESD Standard 4.1, EIA 625, MILl-HDBK-263 and MIL-STD-1686. Moreover, the material used in ESD safe matting should comply with International ESD standards, such as IEC 61340-5-1, for the protection of electrostatic sensitive devices.

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ESD Safe Matting Market: The increasing importance of self-protection at workplaces is expected to boost the demand for ESD safe matting

Increase in the demand for self-protection at workstations, coupled with an increase in the demand from the end-use sector, is expected to spur the demand for the ESD safe matting market. In addition, the demand for entry matts market has risen significantly owing to its wide adoption by end users for different applications. Manufactures can very simply customise the size and shape of mats, and provide additional features to consumers as per their requirements.

ESD Safe Matting Market: Trend

The demand for products that offer protection against ESD will continue to grow across the world. With persistent demand from electronics sector, the size of the ESD products market, which include ESD safe matting, is expected to witness significant growth. Moreover, the increasing usage of nano-materials is also expected to boost the ESD products market, in addition to the growing electronics business across the world. To keep pace with international standards and trends, the ESD products available in various countries are undergoing major upgradation.

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Furthermore, companies engaged in the business of ESD safe matting are launching new products to sustain their share in the ESD safe matting market. For instance, Nortax launched the SkyStep ESD safe matting, which is available in a choice of compounds for certain industrial applications such as oil-proof, general-purpose or ESD-static dissipative. Similarly, a new type of wrist strap cum double footwear testers have been launched for testing the strength of the ESD footwear and wrist strap.

Moreover, companies are producing customised ESD safe matting to fulfil the requirements of customers. With the emergence of new technologies, the manufacturers of entrance matting are focusing on more advanced methods to make entrance matting more innovative with various sizes and designs.

ESD Safe Matting Market: Market Participants

Examples of some of the market participants/vendors identified in the ESD safe matting market across the globe are:

ACL Staticide Inc., RS Pro, Shanghai Jiafu New Material Technology, Superior Manufacturing Group, Hozan, , Bertech, Achilles Industrial Materials, Hakko, Ranco Industries, Zhejiang CONCO AntiStatic, SDM Technologies, COBA Europe, Henyer Rubber, Desco (SCS) and Cleansem.

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 exhaustive analysis on:

  • Market Segments of ESD Safe Matting
  • Market Dynamics of ESD Safe Matting
  • Market Size of ESD Safe Matting
  • Supply & Demand of ESD Safe Matting
  • Current Trends/Issues/Challenges of ESD Safe Matting
  • Competition & Companies involved of ESD Safe Matting
  • Technology of ESD Safe Matting
  • Value Chain of ESD Safe Matting

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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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.

Key Segments Profiled in the Global ESD safe matting market

ESD Safe Matting Market by Application:

  • Table ESD Safe Matting
  • Bench ESD Safe Matting
  • Floor ESD Safe Matting
  • Monitor ESD Safe Matting
  • Others ESD Safe Matting

ESD Safe Matting Market by Type:

  • Vinyl ESD Safe Matting
  • Rubber ESD Safe Matting
  • PVC ESD Safe Matting
  • Others

ESD Safe Matting Market by Region:

  • ESD Safe Matting Market in North America
  • ESD Safe Matting Market in Latin America
  • ESD Safe Matting Market in Europe
  • ESD Safe Matting Market in Asia Pacific
  • ESD Safe Matting Market in MEA

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments

Competitive landscape

  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint
  • Have a Look at Related Research Reports of Industrial Automation

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape

3D Laser Scanner Market – 3D Laser Scanner Market by Product, Capacity, Application, Distribution Channel & Region – Forecast 2022 – 2032

Aerospace Fiber Optics Market – Aerospace Fiber Optics Market by Type, End User & Region – Forecast 2022 – 2032

Absorption Chillers Market – Absorption Chillers Market by Source of Energy, Refrigerant, Packaging, Application, End Use & Region – Forecast 2022 – 2032

Truck Mounted Crane Market – Truck Mounted Crane Market by Product Type, Terrain, Business, End-Use & Region – Forecast 2022 – 2032

Stair Lift Motors Market – Stair Lift Motors Market by Types, Current, Application, User Orientation, Installation Type, Sales channel & Region – Forecast 2022 – 2032

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

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Market For Tower Crane Rental Is Expected To Surpass US$ 6.49 Billion By 2031,According To FMI,

The global tower crane rental market is projected to top US$ 6.49 Bn in 2021, according to a recent market analysis by ESOMAR-certifies consulting firm Future Market Insights (FMI). With a favorable demand outlook, the market is estimated to grow at a 5.7% CAGR, reaching 54,685 units in terms of volume.

Demand for tower crane rental plummeted in 2020 due to the onset of the COVID-19 pandemic. However, considering the recovery of the construction sector, sales prospects of tower crane rentals are projected to be bright over the forecast period, as the market experienced year-over-year growth by 4.8% between 2020 and 2021.

The global construction industry has witnessed substantial growth in the past few years and the trend is expected to persist over the forecast period. Growth in the construction can be attributed to increasing government investments and rising per capita expenditure in home ownership and renovation. As infrastructure projects are rising globally, it is translating into high demand for tower crane rentals in the market.

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Owing to high demand for tower crane rentals, key players operating in the market are focusing on enhancing their strategic partnerships with regional and local end-use industries to gain a competitive edge in the market. Besides this, players are offering customized fleet solutions, technologically advanced equipment, and robust aftersales services, which is further propelling demand for tower crane rentals in the market.

As per FMI’s in-depth regional analysis, China is projected to dominate the East Asia tower crane rentals market. Rapid adoption of technologically advanced equipment and machinery, along with increasing development of residential and commercial projects in the country will continue fostering sales of tower crane rentals over the forecast period.

“Public Private Partnerships (PPP) for infrastructural development in various countries are positively shaping the demand outlook for tower crane rentals. In addition to this, collaborative efforts to offer personalized crane rental solutions by key market players will continue augmenting market growth in forthcoming years,” says the FMI analyst.

Key Takeaways:

  •  In terms of design type, the top slewing segment is projected to hold 60.4% of the total tower crane rental market share.
  • Based on end-use, applications of tower crane rentals are anticipated to continue rising in the construction sector, accounting for 59.3% of the total market share.
  • OEMs are expected to remain the most-preferred vendors for tower crane rental services, capturing 40.2% of the total market share.
  • China is anticipated to emerge as an attractive market, commanding 76.1% of the East Asian tower crane rental market share.
  • Germany is projected to lead the European tower crane rental market, growing at a 4.5% CAGR.
  • India will continue experiencing high demand for tower crane rentals, capturing 43.1% of the South Asia Pacific market share.
  • Japan and South Korea will collectively account for 8% of the global tower crane and rental market share.

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Competitive Landscape

Key players operating in the global tower crane rental market are Konecranes, Liebherr, Mammoet, Maxim Crane Works, L.P., Morrow Equipment Company, Morwest Crane & Services, Bigge Crane and Rigging Co., Stafford Crane Group, Leavitt Cranes, United Crane & Rigging, Locabens Equipamentos, Grumont Equipamentos Ltda, JASO Group, and Arcomet.

As per FMI’s market survey, top 5 players comprising Al Faris, Kanamoto Co., Ltd., Konecranes, Mammoet and Uperio Group are estimated to account for 41% of the total market share over the forecast period.

As a part of their growth strategies, leading players are investing in intensive research and development to offer innovative and safe tower crane rental options suitable for various end-use applications. Besides this, strategic collaboration, partnerships, mergers and acquisitions will remain prominent growth strategies among key players. For instance:

  • In September 2021, Konecranes won a 14-crane order from Thyssenkrupp Marine Systems for Kiel Shipyard built in Germany.

Global Tower Crane Rental Market by Category

By Lifting Capacity:

  • Up to 5 Tons
  • 5 – 10 Tons
  • 10 – 20 Tons
  • 20 – 50 Tons
  • Above 50 Tons

By Product Type:

  • Self-Erecting
  • Hammerhead Crane
  • Luffing Jib Tower Crane
  • Mobile Tower Crane

By Design Type:

  • Top Slewing Tower Crane
  • Bottom Slewing Tower Crane

By Vendor Type:

  • Original Equipment Manufacturer (OEM)
  • Independent Service Provider

By Applications:

  • Building and Construction
    • Residential and Commercial
    • Industrial
    • Civic Infrastructure
  • Marine and Sea Ports
  • Mining
  • Others

By Region:

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

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About Future Market Insights (FMI)

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

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Cross Laminated Timber Market: Top Trends and industry overview to watch for in 2028

Increasing need for the wooden residential buildings for instance, multifamily apartments and single-family homes with increasing design flexibility and aesthetic appeal is driving the residential application in cross laminated timber market at a rapid pace. Improving fire-resistance quality as well as earthquake-proof facilities provided by cross laminated timber is likely to enhance global market growth during the forecast period.

Government Regulations to Play a Significant Role in the Cross Laminated Timber Market

Shifting construction practices from concrete towards wood-based construction for building product purposes backed by government plans such as stringent standards and norms based on CO2 emission is expected to support the growth of cross laminated timber market.

Demand and supply of cross laminated timber is expected to witness an uptake owing to prospects such as environment friendly nature, cost-efficiency, waste reduction and enhanced quality. Decreasing construction time and growing number of suppliers are expected to support the revenue sales in cross laminated timber market.

However, poor acoustic performance and increasing usage of adhesives or solvents that are toxic in nature are attributed towards downward growth of cross laminated timber market.

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Europe to Showcase Lucrative Growth Opportunities in the Cross Laminated Timber Market

Surging demand from educational institutes and residential builders is expected to drive the revenue growth of North America cross laminated timber market. Presence of abundant supply from timber forest and constant development in timber processing techniques is likely to fuel the growth of Europe cross laminated timber market. Increasing demand for luxury and lavish apartments along with expanding construction industry is expected to dive in growth opportunities for MEA cross laminated timber market.

Optimizing Operations to Be Ongoing Strategy Of Cross Laminated Timber Market Players

Key players in cross laminated timber market are increasingly focusing on expanding their production capacity in order to cater to the massive product demands.

  • XLam Limited: Immense efforts are being taken up by the company in optimizing its operations for capitalizing on the market opportunities. The company is planning to tap on the growth opportunities emerging from improving operations as well as by entering into collaborations on private and public projects. Currently, the company’s business is being mainly driven due to sales conversion and market development in Australia and New Zealand. Expanding manufacturing facilities and capabilities is expected to impose positive growth imprints on cross laminated timber market.
  • Hasslacher Norica: HASSLACHER Group has been taking immense efforts in strengthening its commitment towards neighboring Slovenia by taking over 1005 shares of LIP BOHINJ d.o.o. This in turn leads to expansion of the company’s Bohinjska Bistrica site. These major steps are taken up by the company for strengthening its market activities across South-East Europe. The cross laminated timber market player is completely planning to focus on interior doors with making heavy investments in that field. This is turn is expected to create significant revenue sales opportunities in cross laminated timber market.
  • Stora Enso: The Company has been working towards restructuring its possession in Bergvik Skog, for which it has been planning to divest Latvian assets. This is considered as a part of restructuring plan amongst the shareholders. Stora Enso will be transforming its present ownership to 70% value of forest possessions in Bergvik Skog. Negotiations are being taken place as this binding agreement would benefit in main restructuring purposes with no negative side-effects on cross laminated timber and other wood sourcing.

Cross laminated timber market research report displays comprehensive valuation of global market as well as covers thoughtful facts and insights with historical data. Statistically baked and industry evaluated market data has also been integrated in the research report. In addition, the global report also showcases projections with the help of suitable methods and assumptions. Cross laminated timber market research report also offers data and analysis according to the market bifurcations such as industry, applications and geographies.

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Extensive Analysis of the Cross Laminated Timber Market Research Report Covers

  • Segmentation of cross laminated timber market
  • Factors impacting on the growth of cross laminated timber market
  • Cross laminated timber market sizing
  • Sourcing and demand
  • On-going challenges and trends
  • Competition in relation to profiled companies
  • Technological advances in cross laminated timber market
  • Value chain

Region-Wise Outlook in the Cross Laminated Timber Market Research Report Includes

  • North America cross laminated timber market including (Canada and U.S.)
  • Latin America cross laminated timber market including (Brazil and Mexico)
  • Eastern Europe cross laminated timber market including (Russia and Poland)
  • Western Europe cross laminated timber market including (Spain, U.K., France, Italy and Germany)
  • Asia Pacific cross laminated timber market including (New Zealand, Australia, ASEAN, India and China)
  • Japan cross laminated timber market
  • Middle East and Africa cross laminated timber market including (North Africa, South Africa and GCC Countries)

Cross laminated timber market research report compiles first-hand data along with analysis based on quality and quantity by the industry analysts. Various beneficial inputs were received from industry participants and specialists and integrated in the global report. The global research report offers detailed study of the parent market trends together with governing aspects and macro-economic indicators. Market lucrativeness based on segments and regions has also been identified and incorporated in the global report.

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Segmentation of the Cross Laminated Timber Market Has Been Done Based on Application and Type

By application, cross laminated timber market is segregated into

  • Non Residential
  • Industrial
  • Institutional
  • Commercial (Hotels, Shopping complex, Offices)
  • Residential

By type, cross laminated timber market is segregated into

  • Mechanically Fastened CLT
  • Adhesive-bonded CLT

About Future Market Insights (FMI)

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

Contact:

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Fragrance Diffuser Market to Achieve A High CAGR Of 7.08% Through 2032

Global fragrance diffuser market demand is projected to be valued at nearly US$ 27.75 Billion in 2022, forecast to grow at a CAGR of 7.08% to be valued at approx. US$ 55 Billion from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.

The fragrance diffuser disperses natural oils into the air and also contains various health-beneficial essential ingredients. Essential oils used in perfumes and fragrances such as lavender, citrus, ginger, and peppermint oils improve health, relaxation, sleep, and alter the mood. According to various scientific studies, it is stated that essential oils can interact with the brain and the nervous system to impact health and mood. Thus, one of the easiest ways to achieve benefits associated with essential oils is through aromatherapy.

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Which are Some Prominent Drivers Spearheading Fragrance Diffuser Market Growth?

Due to the upsurged emphasis on health, the demand for natural fragrances among consumers is increasing incessantly, thereby expanding the fragrance industry.  The growing demand for luxury home fragrances, the rise in the need for alternatives to allopathic drugs worldwide are among the prominent factors influencing the growth of the fragrance diffuser market shortly.

Additionally, growing consumption of fragrances to reduce stress and stimulate the mind along with increasing adoption of fragrance diffusers with silent ultrasonic technology are some other factors fueling the growth of the fragrance diffuser market during the forecast period.

Moreover, a rapid rise in popularity of aromatherapy for medical purpose, growing consumption of essential oil such as lavender oil helps in curing migraine problems, and rosemary oil help in improving concentration levels attributed to the growth of the global fragrance diffuser market. Also, the growing product premiumization trend and demand for unique designed fragrance diffuser is expected to increase the fragrance diffuser market during the forecast period.

What are the Challenges Faced by the Fragrance Diffuser Industry?

The rising cases of lung issues or other health complications such as Asthma, Chronic Obstructive Pulmonary Disease, Pneumonia, and others have resulted in an allergic reaction and an undesirable impact on their health. This is proving to be one of the key restraining factors for the fragrance diffuser market.

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Why is Asia-Pacific Emerging as an Opportunistic Fragrance Diffuser Market?

Based on regional growth, the Asia Pacific region captures a leading share in the global fragrance diffuser market. Owing to escalating usage of fragrances during festivals like Diwali in India and other parts of the region, the demand for fragrance diffusers in residential and commercial spaces is likely to increase in the forthcoming future. Additionally, the presence of domestic brands such as Nyassa, Lalique, Soohyang, and others are generating more traction among consumers in the region.

How is Europe Contributing to the Growth of the Fragrance Diffuser Market?

Europe is expected to witness rapid growth supported by the collective spending on home care and maintenance products, including fragrances for homes. Moreover, the custom of lighting candles as part of the tradition in several countries is likely to soar the demand for these fragrances. In terms of regional contribution to the sales revenue, Denmark & Germany collectively hold a share of 43% in the fragrance diffuser market.

Why does North America Hold a Significant Share in the Fragrance Diffuser Market?

As per the latest report published by International SPA Association (ISPA), the industry is likely to experience stable growth with upsurges in overall revenue, locations, number of spa visits, and revenue per visit in the United States. The growth in the number of spa stores being launched across several countries including the United States, coupled with an escalation in the number of spa visits, is one of the crucial driving aspects for sales of aromatherapy diffusers in spa centers in the country.

Market Competition

Some of the key participants present in the global demand of Fragrance Diffuser market include Ripple Fragrances Company, Ellia USA Company, Reckitt Benckiser Group PLC, ArOmis Company, SpaRoom Company, doTERRA International, NEST Fragrances Corporation, GreenAir Inc., Artnaturals Company, Organic Aromas, Young Living Essential Oils, and other players.

In Feb 2022, Reckitt Benckiser Group plc (“Reckitt”), maker of Lysol and Dettol, and Diversey Holdings, Ltd., a leader in the development and delivery of hygiene, infection prevention, and cleaning solutions announced a distribution collaboration that will expand businesses’ access to trusted hygiene solutions that help protect staff, clients, and customers from the spread of illness-causing germs.

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

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Global Rockbreakers Market Is Estimated To Expand At A CAGR Of 5.9% By 2031

The growing demand for metals across various industrial sectors is one of the leading driving factor of the global rockbreakers market. The mining sector has seen the significant growth in past few years and it is expected to persist in upcoming years.

The increasing demand from in the mining sector is expected to enable growth in the coming years. Besides mining, rockbreakers find application in the construction sector.

The industry’s demand is expected to rise, owing primarily to increased investment in commercial and residential construction. According to a study conducted by Future Market Insights (FMI), the global rockbreakers market is expected to grow at a CAGR of 5.9 percent between 2021 and 2031.

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Key Takeaways of Global Rockbreakers Market Study

  •  After a period of temporary lull, the rockbreakers market will recover exhibiting a little below 5% y-o-y growth in 2021
  • Increasing mining activities will boost sales in the U.S., enabling it to account for over 69% of the North America market
  • The U.K. will exhibit a steady 4.6% y-o-y growth in 2021
  • Increasing construction activities will fuel demand in Germany and France
  • China will exhibit increasing demand on the back of rising mining activities

“Continuously growing demand from mining sector is expected to drive the rockbreakers market throughout the forecast period. The demand from construction industry will also play pivotal role in the growth exhibited during the forecast period. Long term supply agreement with regional construction contractors and governmental agencies will provide opportunities to rockbreaking system manufacturers in the forecast period.” says an FMI Analyst.

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Competitive Analysis:

The global rockbreakers market has been identified as a highly fragmented market on the back of presence of large number of market participants operating in the market. The leading players account for nearly 15% share in the global market. Some of the leading players in the market are Orica Limited, Enaex S.A, Dyno Nobel, Exsa S.A. Maxam corp Holdings, Sandvik, Furukawa, ASTEC Industries, Sichuan Yahua Industrial Group Co., Ltd, BME Mining, Hanwha Corporation, and Eurenco S.A. These players are focusing on expansion of their product portfolio and establishing long term supply agreements with key end users to attain higher market revenue shares.

Rockbreakers market is estimated to witness sound growth during 2021-2031. Manufacturers are expected to concentrate further on research and development activities to develop new and innovative products that meet personalized requirements of consumers along with improved efficiency and durability. Expansion of sales and distributor network, collaborations with regional companies to expand footprint in regional market are seen as a key strategies expected to magnify in the forecast period.

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights, Inc

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