North America Clean Steam Separator Market Is Expected To Secure 24% Of The Global Market Share | FMI

The global clean steam separator market size is likely to amass a market value worth US$ 3,441.3 Million by the end of the forecast period of 2022-2032. The market is projected at US$ 2,554 Million in 2022. The industry exhibited a compounded expansion rate of 2.8% in the timeframe of 2016-21. The growth of the market can be attributed to the growing demand for power across the globe, especially in developing regions, such as Asia Pacific.

North America is expected to be the second-largest market during the forecast period, according to the analysis. North America is expected to hold 24% of the global market in 2022. The presence of established regional players can be attributed to the region’s dominance. Another factor that can benefit the industry is the rapid growth of the food and beverage industry.

For example, Jubilant FoodWorks announced in March 2021 that it would bring the multinational chain of chicken fast food restaurants ‘Popeyes’ to India. Such factors are likely to have a positive impact on the market during the forecast period.

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In any type of industrial engine wet steam reduces thermal efficiency, further, it can also cause a hydraulic lock or erode internals. Thus, clean steam separators becomes an essential part of many industrial processes, where handling steam and moisture is unavoidable. A typical steam separator uses a tangential inlet and cyclonic action to instantly separate steam and condensate, however, simpler versions are also available.

Clean steam separators come across a variegated range of sizes, for different pressure ranges, for different applications. Demand for clean steam separator is directly proportional to growth of its end use industries. Due to gradually increasing growth rate among most end use industries, the global clean steam separators market is expected to expand with a moderate CAGR over the forecast period.

Clean Steam Separators Market: Drivers & Restraints

The prime factor boosting the growth in the global Clean Steam Separators market is the rising demand for power across developing nations of Asia Pacific. As coal still remains the most dominant fuel for power generation, demand for steam separators will continue to rise. With reviving economies of US and Western Europe, the chemical and chemical processing industries of the region will also drive the demand for clean steam separators.

Furthermore, as regulation become stricter regarding industrial safety, clean steam separators are bound to witness untapped installation areas, where moisture can corrode other equipment. Reviving crude oil prices is also fuelling oil and gas companies to further invest in gas processing stations, which is also driving more demand for clean steam separators.

Clean Steam Separators Market: Regional Outlook

Geographically, Clean Steam Separators market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. North America has been the global leader in generating demand for clean steam separators, amid, matured industrialization and its giant thermal power industry.

However, over the forecast period, the region’s clean steam separator market is expected to witness maturity levels, as focus on renewable energy rises. Contrary, Western Europe is already catering a mature clean steam separators market, but with reviving chemical and pharmaceutical industry of the region, demand for clean steam separators is anticipated to rise gradually over the forecast period.

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Asia Pacific Excluding Japan (APEJ) is expected to present the most impressive growth considering the demand for clean steam separators. China and India are anticipated to take the lead, amid, increasing demand for power in these countries. Also, as prominent chemical processing and oil & gas companies such as BASF, Dow, Shell, etc. initiates their processing facilities in the region, demand for clean steam separator shall witness a rise.

Japan is another prominent clean steam separators market and is expected to maintain its dominance throughout the forecast period. This can be attributed to a number of reasons such as Japan’s dominant chemical and rubber industry. Latin America and Eastern Europe are also rising markets in terms of demand for clean steam separators, particularly because of rising power demand in the region, and also reviving oil and gas industry.

Gas processing in Russia in one such sector which will attract high demand for clean steam separators. Middle East and Africa is also a prominent region in terms of growing demand for clean steam separators, as KSA plans to diversify its economy. Furthermore, the region has always been highly dependent on fossil fuels for its power consumption, which will continue to drive demand for clean steam separators.

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Clean Steam Separators Market: Key Players

Some of the key players identified in Global Clean Steam Separators market are:-

  • Eaton
  • Didion Separator
  • Colton Industries
  • Kelburn Separation Specialists
  • Cole Industries Inc.
  • Spirax-Sarco Engineering plc
  • Forbes Marshall
  • Kadant Inc.
  • Sesotec GmbH
  • Penn Separator Corporation

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.

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Key Segments Profiles in the Global Clean Steam Separator Market

Clean Steam Separator Market by Type:

  • Cast Steel Clean Steam Separator
  • Stainless Steel Clean Steam Separator
  • Aluminum Clean Steam Separator
  • Bronze Clean Steam Separator
  • Other Clean Steam Separator

Clean Steam Separator Market by Structure Type:

  • Flanged Clean Steam Separator
  • Fabricated Clean Steam Separator
  • Flanged and Fabricated Clean Steam Separator
  • Others Clean Steam Separator Structure Types

Clean Steam Separator Market by End Use:

  • Clean Steam Separator for Utilities
  • Clean Steam Separator for Chemical Processing
  • Clean Steam Separator for Oil and Gas
  • Clean Steam Separator for Food and Beverage
  • Clean Steam Separator for Paper and Pulp
  • Clean Steam Separator for Pharmaceuticals
  • Clean Steam Separator for Other End Uses

Clean Steam Separator Market by Region:

  • North America Clean Steam Separator Market
  • Latin America Clean Steam Separator Market
  • Europe Clean Steam Separator Market
  • Asia Pacific Clean Steam Separator Market
  • Middle East and African Clean Steam Separator Market

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Automated Breast Ultrasound Systems Market Key Players : GE Electric Co., Siemens A.G., Hitachi Ltd.,SonoCiné Inc., Koninklijke

Rising prevalence of breast cancer across the globe and increasing government initiatives undertaken to encourage breast cancer awareness have significantly fuelled the demand for automated breast ultrasound system, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report. As per the study, the global automated breast ultrasound system market is slated to grow at approximately 10% CAGR over the forthcoming decade.

Key manufacturers are actively focusing on developing faster, accurate and minimal invasive ultrasound breast imaging system. According to report published in National Library of Medicine, integration of mammography with automated breast ultrasound system increased the sensitivity of the system to 99.1%.

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The combination drastically improves cancer detection rate among dense breasted women and reduces the interpretation time. Prominent manufacturer GE Healthcare launched a new automated breast ultrasound system named “Invenia” in U.S in October 2018. The main function of the system is to identify the presence of mammographically occult cancer especially in women with dense tissues.

With various other developments on cards, the automated breast ultrasound system market is expected to showcase impressive growth between 2021 and 2031.

“Visibly rising consumer inclination towards radiation free imaging and diagnostics systems is likely to intensify sales of automated breast ultrasound system among diagnostics laboratories,” says the FMI analyst.

Key Takeaways from FMI’s Automated Breast Ultrasound Systems Market Study

  • Increasing government investment to promote breast cancer awareness among women will bolster demand across the U.S.
  • The U.K is expected to experience noteworthy growth as governments and private organizations aim at curbing high mortality rate due to breast cancer.
  • Presence of modern healthcare infrastructure will increase automated breast ultrasound system adoption across Germany
  • Saudi Arabia will offer lucrative opportunities owing to rapid urbanization and emergence of advance diagnostics centers.
  • India is expected to exhibit increasing demand owing to increase in per capita income and to growing incidence of breast cancer among women.
  • Hospitals are expected to lead the market driven by faster accessibility modern tool and availability of skilled professionals.

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Competitive Landscape

GE Electric Co., Siemens A.G., Hitachi Ltd., SonoCiné Inc., Koninklijke are some prominent players operating in the automated breast ultrasound system market. They are focusing on improving the accuracy of automated breast ultrasound system for faster assessment of cancer screening in addition to getting government approval for their products.

For instance, Hitachi being the global leader in smart life & eco-friendly systems launched its latest automated breast ultrasound system “SOFIA” capable of scanning and acquiring image of the complete breast.

Koninklijke launched Philips EPIQ and Affiniti ultrasound systems as a part of its automated breast ultrasound system product range. Philips EPIQ is laced with an integrated eL18-4 transducer and employs anatomical intelligence for accurate imaging of the breast with high tissue density.

More Insights on the Global Automated Breast Ultrasound Systems Market

In its latest report, FMI offers an unbiased analysis of the global automated breast ultrasound system market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of end user (hospitals, diagnostic imaging laboratories), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan,  and Middle East & Africa)

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Key Segments Covered

By End User

  • Hospitals
  • Diagnostic Imaging Laboratories
  •  America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Western Europe
    • EU-5
    • BENELUX (Belgium, Netherlands, Luxembourg)
    • NORDIC (Denmark, Finland, Iceland, Norway, Sweden)
    • Rest of Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
  • Japan
  • APEJ (Asia Pacific excluding Japan)
    • China
    • India
    • ASEAN Countries
    • Australia & New Zealand
    • Rest of APEJ
  • MEA
    • GCC Countries
    • South Africa
    • Israel
    • Turkey
    • Iran
    • Rest of Middle East & Africa

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Vital Signs Monitoring Devices Market value of around US$ 6.8 Bn as of 2022, at a 8.4% CAGR from 2022 to 2032

[185 Pages Report]  Increasing adoption of vital signs monitoring devices by clinicians for the measurement of vital signs of hospitalized patients has immensely attracted market players’ attention. However, continuous focus among manufacturers on developing new vital signs monitoring devices is also expected to propel market growth during forecast period.

Moreover, growing demand for portable and low-cost devices is creating significant opportunity for global vital signs monitoring devices market players to develop and launch novel products and expand their businesses.

Key stakeholders are increasingly investing in vital signs monitoring devices as well as the development of innovative products. The global vital signs monitoring devices market was valued at US$ 5.7 Bn in 2022, and is expected to exhibit a CAGR of 8.5% during the forecast period (2022-2030).

The healthcare industry is at the front line of the coronavirus (COVID-19) pandemic. As epidemiological numbers continue to soar, the industry is running out of resources for treating the expanding patient pool. In a bid to ease off the burden, players such as Medtronic Plc. and Masimo Corporation are launching vital signs monitoring devices to treat patients remotely.

“Demand for personalized and accurate vital sign monitoring devices, as well as continuous focus on the development of portable and low-cost variants are projected to propel the growth of the vital signs monitoring devices market over the next decade.”

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Vital Signs Monitoring Devices Market

Key Takeaways of Vital Signs Monitoring Devices Market Study

  • Monitors, followed by temperature measurement devices, account for a larger value share in the global vital signs monitoring devices market, owing to their increasing use in hospitals and other diagnosis centres for patient monitoring.
  • Standalone vital signs monitoring devices hold a leading revenue share, owing to their availability and increasing installation rates in hospitals and other healthcare centres.
  • Hospitals capture around 70% value share in the vital signs monitoring devices market, owing to high patient preference for diagnosis and treatment of different diseases in these settings.
  • North America will continue to define stakeholders’ bottom lines in the global vital signs monitoring devices market during forecast period.
  • Upsurge in government funding to increase the number of hospitals and improve quality of care is expected to drive the growth of the vital signs monitoring devices market in Asia.

New Product Development and Launch – Imperative Strategy for Market Players

Market introduction of new innovative products as per patients’ needs is majorly responsible for intense competition among players in the vital signs monitoring devices market. Several companies are focusing on launching customizable vital signs monitoring devices in order to increase their product sales and expand market share.

For example, in December 2021, Nihon Kohden Corporation launched the life scope SVM-7200 series vital sign monitors – easy-to-use, portable monitors having customizable early warning functionality to help clinicians.

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What else is in the report?

Future Market Insights offer a unique perspective and actionable insights on the vital signs monitoring devices market in its latest study, presenting historical demand assessment of 2012-2021 and projections for 2022-2030, based on product (monitors, temperature measurement devices, blood pressure measurement devices, and standalone pulse oximeters), mount type (standalone and portable), end user (hospitals, clinics, ambulatory surgical centres, and home care settings), across seven key regions.

Key Market Segments Covered In Vital Signs Monitoring Devices Industry ResearchBy Product :

  • Monitors
    • Low Acuity Monitors
    • Mid Acuity Monitors
    • High Acuity Monitors
  • Temperature Measurement Devices
    • Liquid filled Thermometers
    • Digital Thermometers
    • Infrared Thermometers
  • Blood Pressure Measurement Devices
    • Sphygmomanometers
    • Automated Blood Pressure Monitors
  • Standalone Pulse Oximeters

By Mount Type :

  • Standalone
  • Portable

By End User :

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Home Care Settings

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By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa (MEA)

About 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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Soft Tissue Repair Market is projected to reach nearly US$ 15,500 Million by 2022-end | FMI

A new report by Future Market Insights (FMI) anticipates the global soft tissue repair market to exhibit a steady 5.5% CAGR throughout the forecast period (2017-2022). The global market for soft tissue repair is expected to account for over US$ 15,000 Mn revenues by 2022-end.

Advancements in Products such as Bioabsorbable Soft Tissue Screws to Propel Growth of the Market

A number of technological advancements and innovations have been observed in orthopedic connective tissue repair procedures. Novel advances, for instance – the innovative surgical techniques, are being made in the procedures associated with anterior cruciate ligament (ACL) reconstruction, in a bid to make the process more effective.

Global leaders, including Zimmer Biomet and NORAKER, have been developing new bioabsorbable soft tissue screws over the past few years. Leading market players have also been focusing on development of the mesh with biological products, which would act as a replacement for human allograft. An example of this is development of EZ Derm by MoInlycke Health Care, utilized as dressing for wounds using wires and pins independently, or together, with various other internal fixation devices. These devices are utilized for surgeries pertaining to hip replacement and spine.

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Soft Tissue Repair Market

People across the globe are becoming aware of development, promotion, and commercialization of the advanced platelet-rich plasma devices, used for musculoskeletal disorders. In addition, there is a surge in awareness about skeletally immature patients to have a high risk of tear in the connective tissue and ligaments. These factors might positively impact global demand for soft tissue repair in the near future.

Sports-related Injuries- A Major Factor Driving the Market Growth

A major factor affecting demand for soft tissue repair is injuries related to sports. Athletes usually suffer from ACL tear during the game, or while performing other physical activities. Moreover, increasing aging population is also expected to play an imperative role in growth of the market. With aging, substantial changes are observed in skeletal and neuromuscular systems, which in turn leads towards ACL tear, weak ligaments and arthritis. Prevalence of obesity in geriatric population is directly increasing risk of degenerative bone diseases, such as osteoporosis and osteoarthritis. The aforementioned factors are further expected to increase demand for soft tissue repair procedures.

In contrast, high prices associated with soft tissue repair procedures, lack of awareness in population across underdeveloped and remote regions, and unfavorable reimbursement policies are factors which will impede demand for soft tissue repair procedures in the near future.

APEJ to Witness a Significant Expansion in the Market

The soft tissue repair market in Asia-Pacific excluding Japan (APEJ) is expected to witness a significant growth, with revenues poised to surpass US$ 3,000 Mn by 2022-end. Growth of the market in APEJ can be primarily attributed to increasing purchasing power of population, and rising prevalence of musculoskeletal disorders in countries such as India and China. In addition, North America is expected to remain the most attractive market for soft tissue repair, owing to the hike in healthcare expenditure in this region.

Based on product, sales of laparoscopic instruments, and synthetic mesh are expected to collectively account for over one-third revenue share of the market during the forecast period. Sales of synthetic mesh and laparoscopic instruments will register similar CAGRs through 2022.

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Orthopedic Application of Soft Tissue repair to Account for Largest Revenue Share

Orthopedic application of soft tissue repair are expected to account for the largest revenue share of the market during 2017 to 2022, followed by skin repair application. In addition, revenues from orthopedic and skin repair application of soft tissue repair are expected to collectively account for over US$ 7,000 Mn by 2022-end.

Accounting for around two-third revenue share of the market, hospitals are expected to remain the most lucrative end-users in the global market for soft tissue repair. Revenues from hospitals in the market are expected to reach approximately US$ 10,000 Mn by 2022-end.

Key players profiled by the FMI’s report, who are actively operating in the global soft tissue repair market, include

  • Wright Medical Group N.V.
  • Integra LifeScience Corporation
  • Medtronic Plc.
  • CONMED Corporation
  • C. R. Bard Inc.
  • Braun Melsungen AG
  • Smith & Nephew
  • DePuy Synthes
  • Stryker Corporation
  • Zimmer Biomet Holdings Inc.
  • Arthrex Inc.

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Market Taxonomy

In one of its chapters, the report provides an in-depth analysis of the market segmentation, which is based on product, application, end-user, and region. The report offers insights on every market segment and its sub-segments in terms of absolute $ opportunity, Y-o-Y growth, market attractive index, market size, and BPS analysis.

Product

  • Allograft
  • Xenograft
  • Synthetic Mesh
  • Interference Screws
  • Suture Anchors
  • Laparoscopic Instruments
  • Other Fixation Devices

End User

  • Hospitals
  • Clinics
  • ASCs

Application

  • Breast Reconstruction Repair
  • Dental
  • Dural Repair
  • Hernia Repair
  • Orthopedic
  • Skin Repair
  • Vaginal Sling Procedures
  • Others

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

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Automotive Brake System Market is Anticipated to Register 16.9% CAGR through year 2022-2032

The global automotive brake systems market is expected to witness a rise of 16.9% CAGR between the forecast years of 2022-2032. The market is poised to take a hit as COVID-19 disrupts automobile production. Furthermore, economic downturn will also hamper the market in a negative manner in the coming days. Despite the gloomy picture, the global market for automotive brake systems will recover as the world limps back to normalcy by 2021. In the decade long prediction, the demand for automotive brake systems is projected to rise as road safety features will gain prominence amongst manufacturers and producers.

The demand for automotive brake systems is expected to reach US$ 6,113.2 Million in 2022, rising at a CAGR of 16.9% to US$ 29,548.6 Million from 2022 to 2032. Consumer expenditure on cars and rising consumer demand are both factors in growth. A CAGR of 7.5% was recorded for the market for automotive brake systems from 2016 to 2021.

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Prominence of Road Safety to Boost Automotive Brake Systems Market

Development of the smart braking systems in automotive brake system market resulted in decreasing number of accidents. The latest advancements prevents the vehicle from skidding minimizing the risk of accidents. Rapid increase in the production and sales of vehicles coupled with stringent regulations regarding stopping distances are anticipated to magnanimously contribute to the growth of the market. Growing demand for installation of passive and active safety in vehicles is expected to trend in automotive brake system market.

Growing concern over road traffic crashes and increasing number of deaths have influenced the key players to integrate robust safety features. Stringent safety regulations by regulatory bodies and governments will continue to drive the growth of automotive brake system market. NHTSA (National Highway Traffic Safety Administration), agency of U.S. DOT (Department of Transportation) has planned to mandate adoption of Automatic Emergency Braking System (AEB) from 2022.

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ABS Stands Out as Some Make it a Mandate to Sell Vehicles

The global automotive brake systems market is segmented into system type, vehicle type, and system technology. The system type segment includes disc brake and drum brake. Out of these, the disc brake segment is expected to expand at a rapid pace due to better performance and heat dissipation features. In the coming years, passenger cars will lead the vehicle type segment as automotive sector shows promise of revival as economy inches closes to normalcy. The system technology segment includes traction control system (TCS), antilock braking system (ABS), electronic brake-force distribution (EBD), and electronic stability control (ESC). ABS is projected to dominate as it in mandated in several vehicles.

Asia Pacific Remains in the Lead with Shifting Focus on India

Asia Pacific is projected to control on the global automotive brake system market with growing number of consumers and manufacturers. The key countries in the mentioned region are projected to be India, South Korea, and China as an outcome of the increasing demand for commercial vehicles and passenger cars. Japan also contributes to the global automotive brake system market remarkably. While China was anticipated to be the largest opportunity in terms of revenue of the industry, the recent pandemic is expected to shift focus to India. Europe is expected to be the second largest market in global automotive brake system market followed by North America.

Key Players

Some of the key players operating in the global automotive brake system market are TRW Automotive Holdings Corp., Aisin-Seiki Co. Ltd., Continental AG, Akebono Brake Industry Co. Ltd., Brembo S.P.A., Halla Mando Corp., and others.

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Key Segments Profiled in the Automotive Brake System Industry Survey

Automotive Brake System Market by System Type:

  • Disc Brake in Automotive Brake System
  • Drum Brake in Automotive Brake System

Automotive Brake System Market by Vehicle Type:

  • Automotive Brake System in Mid-Sized Passenger Cars
  • Automotive Brake System in Compact Passenger Cars
  • Automotive Brake System in Luxury Passenger Cars
  • Automotive Brake System in Light Commercial Vehicles
  • Automotive Brake System in Heavy Commercial Vehicles
  • Automotive Brake System in Premium Passenger Cars

Automotive Brake System Market by Technology:

  • Anti-Lock Braking System (ABS)
  • Electronic Stability Control (ESC)
  • Traction Control System (TCS)
  • Electronic Brake-Force Distribution (EBD)

Automotive Brake System Market by Region:

  • North America Automotive Brake System Market
  • Latin America Automotive Brake System Market
  • Europe Automotive Brake System Market
  • Asia Pacific Automotive Brake System Market
  • Middle East and Africa Automotive Brake System Market

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
    • Detailed insights of market segments and sub-segments for historical as well as forecast period
    • A competitive analysis of prominent players and emerging players in the keyword market
    • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

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

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EV Charging Cables Market Expected to witness double-digit growth at a CAGR of 22.2% between year 2022-2032

The global EV charging cables market is anticipated to register a phenomenal growth rate of about 27.5% during the forecast period from 2022 to 2032, with an expected valuation of US$ 598.2 Million in 2022 and totaling around US$ 6,791.2 Million by the end of 2032.

There are two types of electric vehicle charging cables: public charging and private charging. The private charging segment is predicted to account for a notable portion of the global EV charging cables market.

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Due to the expanding number of private electric vehicles on the road, this segment in particular is expected to dominate the market over the assessment period. The public charging segment is projected to dominate the market over the forecast period, accounting for a boost in the number of commercial charging terminals across regions.

Key Takeaways

  • The implementation of electric vehicles is expanding in several countries all over the world with heavy investments in research and development in this sector. Numerous countries including the Netherlands, France, India, and Canada have launched various campaigns in order to encourage the adoption of electric vehicles. Automakers in the automotive sector are given by the state fixed quotas, tax breaks, subsidies, and rebates.
  • For purchasing purposes, entitlements are conveniently available for customers. Such considerations have caused a spike in the global production and sales of electric vehicles. In order to ensure the smooth functioning of vehicles, the surging inventory of electric vehicles necessitates the establishment of power grids and charging terminals.
  • The major factor driving growth in the EV charging cables market is the development of these vehicles which has resulted in advancements in electric vehicle charging technology and significant investments by automakers in electric vehicles.
  • Several organizations develop EV charging cables to make sure quick charging terminals are available for vehicles. Tesla has approximately 1600 supercharging stations available all over the North American region. This propels the development of charging infrastructure, resulting in propelling the global EV charging cable market.

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Competitive Landscape

Key EV charging cable providers are rapidly adopting various marketing strategies including new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration in order to increase sales and raise the interest of potential buyers to create a massive customer base and gain a competitive edge in the global EV Charging Cables market.

More Insights into the EV Charging Cables Market

Asia Pacific EV charging market is expected to dominate the global market landscape. In 2019, the Asia Pacific EV Charging Cables Market was worth US$ 255 Million. Owing to the largest number of transactions and production of electric vehicles in this region, the Asia Pacific region is projected to dominate during the forecast period.

Due to the accelerated adoption of electric vehicles, China is considered the market’s largest contributor. Among several other countries, China is a dominant market leader in electric vehicle charging stations. As per the FMI analysis, China’s EV exports are anticipated to skyrocket over the next few years. In 2020, China generated a revenue of 1.5 million by selling EVs.

North America is the second largest EV charging cables market because of the widening quantity of electric vehicle customers in this region. Despite the COVID-19 challenges, the majority of the North American countries are expected to boost product sales and exports in 2020. The United States is considered a prominent player, providing opportunities for electric vehicle parts.

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North America is accounting for a massive market share of 25.7% of the global EV charging cables market. Because of several technological advancements such as fast charging cables, type-2 connecter plugs, and so on have offered leading players in the market an opportunity to expand their horizons.

Europe’s EV charging cables market is expected to witness lucrative growth opportunities backed by the surging adoption of electric vehicles in this region as a result of escalating regulations on vehicle emissions in this region. Europe is accounting for a market share of 31.8% of the global EV Charging Cables market.

Key Segments covered in the EV Charging Cables Industry Survey

By Power Supply:

  • AC Charging
  • DC Charging

By Product Type:

  • Mode 2 Charging Cables
  • Mode 3 Charging Cables

By Voltage Capacity:

  • 16 Amp
  • 32 Amp

By Application:

  • Private Charging
  • Public Charging

By Region:

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

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Decorative Car Accessories Market displaying a CAGR of 5.8% through 2032 | Future Market Insights

The worldwide decorative car accessories market is supposed to extend from US$ 240337.9 million of every 2022 and is projected to arrive at US$ 422356.3 million by 2032, displaying a CAGR of 5.8% through 2032.

The decorative car accessories market has become quite established due to increasing popularity of car customisation among consumers. Focus on enhancing car aesthetics and improving comfort are the key factors that have led to renewed interest in decorative car accessories. Over the years, the decorative car accessories market has grown in terms of product range & application types.

Decorative Car Accessories Market Dynamics

Demand for decorative car accessories is higher in the aftermarket segment than the original equipment manufacturer (OEM) segment. The aftermarket segment is less expensive and offers a more diverse range of customisation in terms of design & material types. Franchise-based sales channels & regional dealers are the prominent players in both value chain and supply chain. The supply chain consists of conventional physical sales channel as well as online sales. Phone-based application sales is a new channel which has grown robustly in recent times.

Many dealers are creating their own brand / range of accessories in association with the parent OEM, thereby adopting a strategic alliance. Marketing and promotion via social platforms, trade fairs & exhibitions, motor racing events, seminars, and print & electronic media are thoroughly used for product positioning & consumer awareness.

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Key Segments Profiled in the Decorative Car Accessories Market Survey

By Product Type:

  • Interior
  • Exterior

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Distribution Channel:

  • Online Store
  • Offline Store

By Region:

  • North America
  • Latin America
  • The Asia Pacific
  • MEA
  • Europe

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Decorative Car Accessories Market: Regional Outlook

Geographically, the decorative car accessories industry is present across all major regions which include North America, Western & Eastern Europe, Asia-Pacific region, Japan, and Middle East & Africa. The North American decorative car accessories market is the largest contributor with highest consumer base. The market will witness healthy growth rates owing to stable automotive sales. The market would be volume driven across all regions and car types. Value additions by suppliers and a strong sales channel would be key requisites of the market.

Decorative Car Accessories Market Players

The major players including manufacturers & suppliers identified across the global value chain are:

  • Delphi Automotive
  • Robert Bosch GmbH
  • Continental AG
  • Denso Corporation
  • Magna International
  • Aisin Seiki Co. Ltd.
  • Tenneco Inc.
  • Federal-Mogul Corp.

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Amongst others, there are prime regional manufacturers, such as:

  • 3D Carbon Automotive Corp.
  • Carroll Shelby International Inc.
  • Roush Performance Products Inc.
  • Steeda Autosports
  • Classic Design Concepts
  • JC Whitney

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Child Safety Seats Market Comprehensive Research Study and Strong Growth in Future 2032

The lack in information about how to use child safety seats, misconceptions about the child safety seats and a high price of seats in developing markets like China are the key market restraints in the child safety seats market. Besides, a lack of laws that make it compulsory to use child safety seats in countries with huge population like China and India is another restraint in the child safety seats market.

The market for child safety seats worldwide is expected to be worth $2760.8 million in 2022. With a projected CAGR of 7.3% from 2022 to 2032, the market is expected to reach over US$ 5559.7 million by that year.

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A declining birth rate in the developed countries may also be a restraint in this market. Child safety seats ensure the safety of babies while they are travelling in a car, and are to be compulsorily installed in a number of developed countries. There are different types of child safety seats available in the market depending upon the age and weight of the babies. There are stringent laws in most of the developed countries like United States, Canada and United Kingdom amongst many others regarding child safety seats.

While this concept of installing child safety seats to transport babies in cars is deeply established in the developed countries, it has still to take root in developing countries. However, developing countries like China are now taking the lead in this regard and some provinces in China have made it compulsory to install child safety seats in cars and a national law may be following soon.

As stated above, there are different types of child safety seats such as rear facing child safety seats, forward facing child safety seats and booster seats, depending on the age and weight of the children.

Child Safety Seats Market: Drivers

As per the data released by China’s Ministry of Communications, nearly 20,000 children under the age of 14 die each year due to road accidents in China.

This scourge is not limited to only developing countries, but also in developed countries. In United States, car accidents are the number one cause of unintentional deaths in children under 16 years of age.

Also, as per the World Health Organization, proper child restraints in cars reduced the incidences of a fatal accident by nearly 70% in infants and 54% to 80% in young children.

The stringent laws in the developed countries for the child safety seats, growing road safety awareness among people and an introduction of child safety seats in huge markets like China are the key drivers of child safety seats market globally.

Also, growing urbanization and an increase in the use of cars are other key market drivers in the child safety seats market.

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Child Safety Seats Market: Key Regions

North America is one of the key lucrative market in the child safety seats market. Stringent laws regarding child safety seats in countries like the United States and Canada along with a high rate of urbanization make them a rewarding market for child safety seats.

After North America, Europe is also an important and a huge market for child safety seats. However, it is in the Asia-Pacific region, especially in countries like China where a huge growth will take place in the child safety seats market.

Increased awareness about safety and a proper legislative support will make China one of the most lucrative markets for child safety seats.

Child Safety Seats Market: Key Market Players

Recaro, Britax, Newell Rubbermaid, Chicco, Babylove, and Kiwi Baby are some of the key market players in the child safety seats market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to market segments such as geographies, types and applications.

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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)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Child Safety Seats Market 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

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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Construction Equipment Maintenance and Repair Market Future Scenarios, Growth and Analytical Insights – 2032

As per FMI, the global construction equipment maintenance and repair market is set to be valued at over US$ 21,955.6 Mn in 2022, with a stable long-term projection. The market is anticipated to expand at over 4.3% CAGR from 2022 to 2032 and reach US$ 32,276.3 Mn by the end of 2032.

The construction equipment maintenance and repair market is likely to grow at a stable pace as companies are expected to focus more on research & development (R&D) activities to maintain and repair vehicles. It would effectively improve the working condition and life cycle of various machines. Vehicle repair and servicing will undergo some changes due to a few new upcoming technologies in the automotive industry.

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The market is further expected to grow rapidly as many firms are looking to invest in R&D activities to provide innovative services to the repair and maintenance sector. They are planning to provide diagnostics tools, which are used to detect the source of any damage to the vehicle using a diagnostics scanner.

Repair and maintenance service providers may also produce a live view of the car by using augmented reality (AI) applications to comprehend difficult repairs, thereby making it easier for them to deliver smooth services. Big data is assisting many service providers in analyzing customer and vehicle data, which would aid in predicting vehicle maintenance. These new technologies will foster growth in the market for construction equipment repair and maintenance services.

Globally, key manufacturers are committing to provide value added services and are mainly focusing on delivering ultimate reliability & performance in a wide range of environments. Construction equipment maintenance and repair has a moderate demand in the OEM sales channel.

Key Takeaways: Construction Equipment Maintenance and Repair Market

  • The U.S. construction equipment maintenance and repair market is predicted to expand by 4% CAGR in 2022.
  • GCC countries are anticipated to surpass US$ 1,207.4 Mn by the end of 2032 in the construction equipment maintenance and repair market.
  • The India construction equipment maintenance and repair market is projected to exceed US$ 2,410.6 Mn in terms of revenue by 2032.
  • By component, the consumables segment is likely to create an absolute dollar opportunity of more than US$ 3,166.6 Mn between 2022 and 2032.
  • Based on vehicle, the backhoe loaders category is expected to reach a valuation of more than US$ 2,060.1 Mn between 2022 and 2032.

“Demand for repair and maintenance services is increasing worldwide due to rising awareness about vehicle safety among operators of heavy equipment. Emergence of independent auto service and maintenance providers is also likely to boost the construction equipment maintenance and repair market,” says a Future Market Insights analyst.

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Competitive Landscape: Construction Equipment Maintenance and Repair Market

The construction equipment maintenance and repair market is fragmented and global players are acquiring around 65% to 70% of the overall market share. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their robust presence. Some of the key players in this industry include Chevron Lubricants, ExxonMobil, Atlas Copco, Castrol, Shell, Bosch, Denso, Caterpillar, Komatsu, and XCMG among others.

Find More Valuable Insights on Construction Equipment Maintenance and Repair Market

The research report analyzes the demand for construction equipment maintenance and repair. The global construction equipment maintenance and repair market has been analyzed with various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on component, sales channel, vehicle, service provider, service type, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply-side and demand factors.

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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.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
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Watercraft Accessories Market CAGR Projected to Grow at 6% through 2022-32 | Industry Overview Research Report

The global watercraft accessories market is projected to grow from US$ 6,901.1 Mn in 2021 to US$ 12,382.9 Mn by 2032, with sales growth at a healthy CAGR of 6% throughout the forecast period. Rising demand for watercraft accessories from diverse end use sectors including military & defense, amusement parks, coastal tourism & shipping company, and cargo logistics is a key factor driving growth in the global market.

Watercraft accessories consist of products such as life vests, tow ropes, boat dock line, boat fenders, etc., widely used by professionals and hobbyists for fishing and water sport activities. These accessories play a key role in improving the safety of watercraft passengers during water transportation and other recreational activities.

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As recreational boating and water sports become more popular, demand for watercraft accessories is projected to grow at a healthy pace during the forecast period.

Similarly, rapid expansion of tourism industry, introduction of new government regulations, and increasing water parks will have a positive impact on the watercraft accessories market.

Furthermore, increased freight logistics in several geographic regions and growing usage of watercraft in logistics are likely to create lucrative opportunities for watercraft accessories manufacturers in coming years.

Key Takeaways from Market Study

  • Based on type, the life vest segment is projected to grow at a CAGR of 5% during the forecast period.
  • By sales channel, the online sales channel segment is projected to create an absolute $ opportunity of US$ 2,996.9 Mn between 2022 and 2032.
  • Based on end use, coastal tourism & shipping company segment is projected to hold around 27% of the market share in 2022.
  • TheS. watercraft accessories market is expected to exceed revenues worth US$ 1,802.7 Mn by the end of 2032.
  • Watercraft accessories market in India is likely to grow at a robust pace of around 2% CAGR during the forecast period.
  • Demand for watercraft accessories in China is estimated to grow at a value CAGR of 8% between 2022 and 2032.

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“Rise in coastal tourism industry and increase in maritime trade activities will continue to provide a strong impetus to the growth of the watercraft accessories market,” says a Future Market Insights analyst.

Market Landscape

Among the industry’s key players are Yamaha Motor Corporation, WireC, Bombardier Recreational Products Inc., IRM Offshore and Marine Engineers Private Limited., Covercraft Industries, LLC, BEXCO NV, Kawasaki Motors Corp., AXIOM CORDAGES LIMITED, Samson Rope Technologies, TEUFELBERGER, DAN-FENDER, Garware Technical Fibres Ltd., EVOLUTION TRADING (SHANGHAI) CO.LTD, SHEICO Group, ABSOLUTE OUTDOOR, INC. and others.

These key manufacturers are focusing on increasing their regional market share and are involved in making their direct presence in the local markets by expanding their dealer network. They are collaborating with local distributors to supply their products globally.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global watercraft accessories market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global watercraft accessories market based on type, end use, sales channel, and region.

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Key Segments Covered In Watercraft Accessories Market Analysis

By Type:

  • Life Vest
  • Tow Ropes
  • Boat Dock Line & Storage
  • Boat Fenders
  • Boat Cover
  • Others

By End Use:

  • Military & Defence
  • Amusement Parks
  • Professional & Hobbyist
  • Coastal Tourism & Shipping Company
  • Offshore Vessel
  • Cargo Logistics

By Sales Channel:

  • Online
  • Offline
    • Multi Brand Store
    • Speciality Store

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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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