Allergy Diagnostics Market is expected to grow at an 11.3% CAGR from 2022 to 2032 | FMI

[170 Pages Report] According to ESOMAR-certified Future Market Insights’ (FMI’s) research report, the demand for allergy diagnostics has been increasing significantly due to rising incidence of allergic asthma and food allergies across the globe. As per the study, the global allergy diagnostics market is anticipated to grow at around 11.6% CAGR throughout the forecast period from 2021 to 2031.

According to the report, growing incidence of drug allergies especially from penicillin and morphine has fueled the demand for allergy diagnostics across the globe.

The report also states that increasing air pollution and lack of awareness regarding food and drug allergy in emerging and poor countries are encouraging market players towards developing cost effective allergy diagnostics kits.

According to a report published by the World Health Organization, globally around 262 million people are impacted by asthma out of which 461,000 die from asthma.

Rising demand for effective treatment and addressing causes of asthma will aid the overall expansion of the allergy diagnostics market.

Allergy diagnostics market experienced sluggish growth during the COVID-19 pandemic. This is because the pandemic led to suspension of immunological care and diverted the healthcare professional towards treating COVID patients.

In case of patients with severe asthma or other allergic reaction, virtual care and limited visiting methods were employed to restrict the human contact and stop the virus transmission.

Introduction of cost effective at-home food sensitivity and allergy diagnostic will boost the market growth in upcoming years. Such applications will reduce the burden on hospital and laboratories culminating to reduced allergy diagnostic and medical cost.

In the future, the market is anticipated to grow significantly, as majority of diagnostic laboratories and hospitals are inclining towards automated allergy diagnostics for its high effectiveness. Canada and U.S are likely to yield highly opportunistic prospects, contributing towards the overall expansion of the market.

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“Surge in food allergies cases along with increasing incidence of asthma in children will catapult the demand of allergy diagnostics during the forecast period,” says the FMI analyst.

Competitive Landscape

Allergy diagnostics market is highly competitive market owing to presence of global market players. Market players are employing multiple marketing techniques to expand their global outreach.

Allergy diagnostics market players are focusing towards employing organic and inorganic strategies to expand their global foothold.

Inorganic strategies include strategic merger and acquisition and forming an alliance with regional distributors to strengthen their supply chain channels.

They are also emphasizing towards faster product approvals, product development and patenting.

Prominent players operating in the allergy diagnostics market are:

  • Hitachi Chemical Co. Ltd
  • Thermo Fisher Scientific Inc.
  • Siemens Healthineers
  • Danaher Corporation
  • HOB Biotech Group Co
  • bioMérieux
  • Hycor Biomedical Inc.
  • Stallergenes Greer
  • R-Biopharm AG
  • Lincoln Diagnostics Inc.

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Key Takeaways from FMI’s Allergy Diagnostics Market Study

  • The U.S is expected to dominate allergy diagnostics market on the back of rising incidence of skin allergies especially eczema and skin inflammation along with high rate of allergic rhinitis (hay fever) in black American population.
  • Presence of advance healthcare infrastructure, favorable government and insurance policies, and increased per capita income are key allergy diagnostics market drivers in Canada.
  • The U.K. will offer lucrative opportunities owing to increasing awareness regarding asthma and other allergic reactions like atopic eczema and hay fever. High prevalence of allergies will fuel the demand of allergy diagnostics in the country.
  • Increasing per capita income and increasing government and private funding towards spreading asthma awareness will boost the allergy diagnostics market sales in China.
  • India has low per capita income and presence of sub-par healthcare system. High prevalence of myths and stigmatic beliefs regarding asthma is one of the main factors limiting the market growth.

More Insights on the Global Allergy Diagnostics Market

In its latest report, FMI offers an unbiased analysis of the global allergy diagnostics market, providing historical data for the period of 2017-2022 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 product type (fungal allergy diagnostic and neutral lactase enzymes), by allergen type (inhaled allergens, food allergens, and drug allergens), test type (in-vivo allergy tests and in-vitro allergy tests), and end user (diagnostic laboratories, hospitals, and academic research institutes) across North America, Latin America, Europe, East Asia, South Asia, and Middle East and Africa.

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Water Flosser Market is projected to reach US$ 1,417.2 Million by 2027 | FMI

The global water flosser market is expected to surpass a valuation of US$ 1,417.2 Mn at a CAGR of over 6.8% through 2027. Increase in the disposable income and purchasing power of consumers has led to an increasing preference for premium products.

Several multinational companies, such as Water Pik, Inc., Aquapick, and others, manufacture water flossers in different varieties in terms of economical and premium ranges. These companies gain lucrative opportunities to capitalize on the premiumization of their oral hygiene products portfolio to strengthen their market position due to an increase in globalization and economic growth.

Moreover, research and development spending on oral care devices & consumables, and investments in the development of oral care products are expected to grow at a robust rate over the next several years. Companies investing in providing different innovative products to cater to these markets can expect to witness stable returns.

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Further, companies are using digital platforms in a more distinguished manner, and are increasingly using digital content to connect directly with customers on a daily basis, and this is expected to be among the key factors fuelling the growth of the water flosser market in the near future.

Various small enterprises have developed their online presence across various business websites as well as several social media platforms, such as Google+, Facebook, Instagram, Twitter and Snapchat, to connect directly to customers as well as conduct their business virtually. With the expanding digital marketing & E-commerce in the oral care industry, majority of the players are strategizing to expand their business footprint and product reach in the market.

 Key Takeaways from the Water Flosser Market Study

The water flosser market is characterised by the presence of several well-established players with significant market share, diverse product portfolios, and strong global presence.
In terms product type, the portable & cordless water flosser dominated the market owing to its lightweight and portable feature. As a result, cordless water flosser is mostly preferred while travelling and elderly people for home dental care.
In terms of application, dental clinics application segment dominated the market in the year 2021. A key factor driving the segment is the rising demand for professional dental care as the number of cases of oral diseases rises.
The U.S. holds a noteworthy value share of 86.6% in North America owing to widespread availability of new and innovative specialty oral care products, coupled with high consumer awareness about maintaining oral health.

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“Awareness with respect to the importance of dental flossing in order to prevent gum disease and oral infection along with the diverse group of end users including individuals with braces, uneven teeth have been shifting from string flossing to water flossers due to the latter’s ease of use and improved efficiency at preventing gum diseases, which is anticipated to witness a notable boost in sales over the coming years.,” says an FMI analyst.

Impact of COVID-19 on the Water Flosser Market

The COVID-19 pandemic’s unpredictable occurrences have spiked a surge in consumer demand for personal care and hygiene products. As a result, there has been a significant increase in the consumption of such items for oral hygiene purposes.

Furthermore, in many countries around the world, demand for personal care items increased even before the lockdown period. The main reason for this was to avoid infection with the coronavirus. The water flosser, on the other hand, showed a slight decline in growth during the lockdown period as a result of the closure of convenience stores, hypermarkets/supermarkets, and other shops for infection control reasons.

Who is winning?

Leading manufacturers of water flosser are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of water flosser globally.

Major players present in the water flosser market are Water pik, Shenzhen Relish Technology Co.,Ltd, Aquapick, Hydro Floss, Candeon Technologies Co. Ltd, h2ofloss limited, Oratec Corp., Koninklijke Philips N.V, Panasonic Corporation, Oral-B, Ginsey Home Solutions, Gurin Products LLC, ToiletTree Products, Inc., S. C. Johnson & Son Inc. and Jetpik. among others.

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Water Flosser Market by Category

By Product Type:

Portable & Cordless Water Flosser
Countertop Water Flosser
Attachable Water Flosser

By Application:

Dental Clinics
Hospitals
Home Care
Others

By Sales Channel:

Hypermarkets / Supermarkets
Specialty Stores
Drug Stores & Pharmacies
Convenience Stores
Online Retailers
Other Sales Channel

By Region:

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

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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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Electric Toothbrush Market is estimated at US$ 4.3 Billion in 2022 | FMI

According to the market report published by Future Market Insights titled ‘Electric Toothbrush Market: Global Industry Analysis and Opportunity Assessment 2019-2027’ the revenue generated from electric toothbrushes is estimated to be valued at over US$ 3,483.3 Mn in 2019, which is projected to increase at a CAGR of 7.4% during the forecast period (2019-2027).

High prevalence of periodontal diseases and increasing awareness about the advantages of electric toothbrushes are prominently driving the market. Increase in awareness about oral hygiene, periodontal diseases such as plaque build-up to increase the life of the teeth are among factors driving the global electric toothbrush market. Growing oral health concerns among senior citizens, patients, and children owing to periodontal diseases are promoting the usage of oral hygiene products,. which is generating high demand for electric toothbrush in the global market.

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Research Highlights: Global Electric Toothbrush Market

  • The ease of usage will remain the driving force positioning an electric toothbrush as a smarter choice over manual toothbrush, despite a higher price point.
  • An electric toothbrush integrated with advanced technologies such as rotation oscillation, and sonic will continue to witness solid demand over the forecast period.
  • Innovative electric toothbrush variants that are equipped with several features to help people develop appropriate brushing habits will gain traction.
  • Multiple brushing modes of electric toothbrush models specialized for teeth whitening, and sensitive teeth brushing among others will continue to witness steady popularity.

Tech-driven Innovations Improve the Ease of Electric Toothbrush Usage

Electric toothbrush has several advantages over manual toothbrushes. Unlike manual toothbrushes, electric toothbrushes are integrated with efficient technology of improving conditions such as gingivitis that ultimately result in plaque formation. These toothbrushes are equipped with brush heads that are replaceable, and they provide reminders for due replacement.

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Furthermore, an electric toothbrush is equipped with pressure sensors that provide information on hard brushing. Electric toothbrush is being increasingly perceived as easier and safer over conventional counterparts, especially in case of children and seniors. Research also says that even arthritis patients find it easier and more comfortable to use electric toothbrush, as it is less painful than its manual variant.

Continuously Evolving Electric Toothbrush Designs: An Emerging Market Trend

Toothbrush is typically designed to remove dental plaque without damaging the hard and soft tissues of teeth and gums. Modernized toothbrush designs are better equipped with cutting-edge technologies that make them more efficient in terms of brushing capabilities.

The global electric toothbrush market is likely to grow at a CAGR of 7.4% during the forecast period, in terms of revenue. According to FMI’s report, North America will secure the largest market share in electric toothbrush landscape owing to maximum prevalence of oral health conditions and awareness, coupled with rapid adoption of electric toothbrush and other advanced technology enabled products.

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Global Electric Toothbrush Market by Category By Product Type:

  • Rechargeable
  • Battery Powered

 By Head Movement:

  • Sonic/Side-By-Side
  • Rotation/Oscillation

By Price:

  • Economy
  • Mid-Range
  • Premium

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Drug Stores & Pharmacies
  • Convenience Stores
  • Online Retailers
  • Other Sales Channels

By Region:

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

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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 7-years.

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Modular Robotics Market Is Anticipated To Generate $9.11 Billion In Revenue In 2022 And $476.8 Billion In Revenue By 2032: FMI

The modularity in the robotic system grants flexibility to a single robot and allows it to perform multiple tasks. The modular robotic system is equipped with a modular gripper that is capable of grasping a fragile object using distributed sensing actuation.

With the several functional advantages such as morphologically adaptive nature, potentially robust, and self-repair, modular robotics systems are gaining traction in the market. Owing to the increasing demand for modular robotics in the electronics and automotive industry, various manufacturers are focusing on developing a specific product that has high efficiency in these industries.

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The modular robotics manufacturers are engaged in research & development activities for improving the structure and design of the modular robotics systems. Modular robotics are mainly used in critical applications such as space exploration, accessing dangerous area, search & rescue, accessing tight spaces, an inspection of tubes & bridges.

Modular Robotics Market: Dynamics

An increase in productivity, a decrease in rejection rate and scalability of operations are key benefits that propel the adoption of modular robotics in various industries including the automotive industry, chemical industry across the globe. Modular robots are flexible, versatile, and easily configurable. This factor is resulting in prominent demand generation for modular robotics over the few years. Lattice-based modules are widely used in end-use industries than that of chain-based modules, as they are capable of connecting more than two modules simultaneously.

Modular robots are expected to create significant opportunities in the electronics industry with the ability to improve the efficiency of the fabrication process and integrity of the production process. The cost of skilled labor is increasing at a significant rate even in low-cost carrier countries such as China and India. Owing to the increasing labor costs, the payback for modular robotics and industrial automation is gaining more traction in the market.

The cost of appropriate solution development for specific use is substantially high in modular robotics, which makes it difficult from adhering to budget constraints for most of the small & mid-size organizations. Also, factors such as high maintenance costs, lack of awareness will stagnant the growth of the global modular robotics market.

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Modular Robotics: Regional Market Outlook

In the Asia Pacific, increasing the adoption of robots in the electronics and automotive industries is estimated to create lucrative growth opportunities in the modular robotics market. In the Asia Pacific, East Asia is stipulated to be an attractive region for the modular robotics market owing to the increasing factory automation rate. China is expected to show lucrative growth opportunities in the market due to heavy investment in industrial automation. North America is expected to show a significant share in the modular robotics market due to the high adoption rate of autonomous and advanced robots across the region. Regions including Middle East Africa and Latin America are predicted to have healthy growth in the global modular robotics market.

Modular Robotics: Market Key Players

Examples of some of the market participants identified in the global modular robotics market are:

  • ABB Ltd.
  •  FANUC Corporation
  • Mitsubishi Electric Corporation
  • Yaskawa Robotics
  • Kawasaki Heavy Industries, Ltd.
  • Aurotek Corporation
  • Universal Robots
  • DENSO
  • A.C.M.I. spa
  • CMA Robotics Spa
  • Rethink Robotics GmbH

The Modular Robotics research report presents a comprehensive assessment of the Modular Robotics 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 Modular Robotics research report provides analysis and information according to market segments, such as geographies, application, and industry.

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The Modular Robotics report covers exhaustive analysis on:

  • Modular Robotics Market Segments
  • Modular Robotics Market Dynamics
  • Modular Robotics Market Size
  • Modular Robotics Supply & Demand
  • Current Trends/Issues/Challenges in the Modular Robotics market
  • Competition & Companies involved in the Modular Robotics market
  • Modular Robotics Technology
  • Value Chain of the Modular Robotics market

Modular Robotics 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)

The global 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 Modular Robotics 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.

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Modular Robotics: Market Segmentation

On the basis of product type, the global modular robotics market can be segmented into the following,

  • SCARA Modular Robots
  • Articulated Modular Robots
  • Cartesian Modular Robots
  • Parallel Modular Robots

On the basis of hardware design, the global modular robotics market can be segmented into the following,

  • Chain-based
  • Lattice-based
  • Strut-based

On the basis of configuration, the global modular robotics market can be segmented into the following,

  • Auto-Configuration
  • Manual Configuration

On the basis of end use industry, the global modular robotics market can be segmented into the following,

  • Automotive
  • Electronics & Electrical
  • Chemical
  • Food & Beverages
  • Pharmaceuticals

Modular Robotics Report Highlights:

  • Detailed overview of parent market of the  Modular Robotics market
  • Changing Modular Robotics 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 in Modular Robotics
  • Modular Robotics market 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 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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Personal Protective Equipment Ppe Gloves Market 2022 Incredible Potential, Stagnant Progress and Forecast 2022 – 2030

The global personal protective gloves market size is anticipated to expand at a significant growth rate over the forecast period.

Disposable gloves has the accelerating growing sector and anticipate to gain leading share by the end of forecast period. The materials which are mainly used for manufacturing of personal protective gloves consists of natural rubber, nitrile, vinyl, neoprene, and polyethylene.

The risk of product contamination and the injury caused to the hands of workers due to difficult work environments has fuelled the demand for PPE gloves. PPE gloves are personal protective equipment used in diverse industries such as automotive, to ensure worker’s safety, and maintain sanitary conditions at work places.

There is an increasing demand in global market outstanding to various seasonal factors such as outbreaks of viral diseases and incidents of emergency response in natural disaster inflicted regions.

The significant market growth has aroused due to growing concern over the incidence of hand injuries in the manufacturing and construction industries.

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Global Personal Protective Gloves Market Dynamics

Rapid growth in pharmaceutical and food processing industry and the raise in consciousness about work safety are some of the key factors that guide the growth of the PPE gloves market during the forecast period.

However, harsh effects of many toxic chemical reactions in some gloves, such as nitrile gloves, are expected to hinder the market growth of PPE. With the introduction of new glove designs with better grip and convenience are expected to offer better growth prospects in future.

Mexico PPE gloves market is expected to have a high growth rate during the forecast period because of the authoritarian bodies which are helping to drive the growth of the PPE Glove market.

In Mexico, mechanized plants of gloves require approval from COFEPRIS, which is the central regulatory authority controlling the standards for disposable medical, surgical, and non-medical gloves. Owing to the protection and safety of workers, these regulatory bodies are mandating use of gloves in the manufacturing industries.

Key Players Operating in Personal Protective Gloves Market

The market is highly fragmented and is marked by the presence of large integrated companies such as

  • 3M
  • MSA Safety
  • Honeywell
  • Kimberly Clark
  • Top Glove.

Companies such as Top Glove and Honeywell are the manufacturers as well as suppliers of the product to end-use industries.

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The manufacturers have distributors for different locations across the world. Other major companies operating in the market include

  • Kossan Rubber
  • DuPont
  • Hartalega
  • Delta Plus
  • COFRA
  • Lindstrom
  • Mallcom
  • Radians
  • Globus
  • Midas Safety
  • Towa Corporation
  • Lakeland
  • Ansell
  • Avon Rubber.

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

By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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

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

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Global Personal Protective Gloves Market Segmentation

By Material:

  • Nitrile
  • Latex
  • Neoprene
  • Butyl rubber

 By Product type

  • Disposable
  • Reusable
  • Chemical Resistant
  • Cut Resistant
  • Puncture Resistant

By Application

  • Chemical
  • Automotive
  • Healthcare
  • Construction
  • Food & Beverage

By Country

  • North America
  • U.S.
  • Canada
  • Mexico

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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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The Market For Warehouse Robots Is Expanding At An Impressive 13% CAGR, Per FMI

The global warehouse robotics market is expected to exceed $5 billion by 2022, rising at a 13 percent CAGR throughout the forecast period. The market is likely to be driven by the growing trend of industrialization and the implementation of Industry 4.0. Against this environment, the market valuation is expected to exceed US$ 9.5 billion by 2032.

Warehouse robots are gaining a lot of popularity and its rising importance due to its usage in varied number of applications such as food and beverage, automotive, pharmaceuticals, electronics, construction, defense, oil and gas. Companies are investing huge in research and development activities in the warehouse robotics market, especially developed countries for product innovation and also to automate it in a more advanced way.

With rapid advancement in technology and increasing demand of warehouse robotics to improve product quality, production and space utilization, the market for warehouse robotics market is growing at a positive rate globally.

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In December 2014, Amazon installed almost 15,000 robots in its US warehouse to cut operation cost by one-fifth and to meet up the increasing consumer demand during festive seasons. They also wanted to compete with the brick and mortar stores and to deliver items to customers on time and at a faster rate. The technology was developed by Kiva Systems, a robotics company. Recently, Amazon announced that it would renamed Kiva systems to Amazon Robotics and also hire a head of Robotics.

Warehouse Robotics Market: Drivers & Restraints

Increased demand of automation, time saving and reduction in cost, increasing number of stock keeping units, increasing demand and awareness towords quality and safety production, advancement in technology, increased use in various applications and industries such as food and beverage, electronics,  are the important market drivers for the warehouse robotics market.

Initial high adoption cost related to training, deployment, lack of awareness and difficulty in interacting with robots for some end users are some of the barriers which is hampering the growth of warehouse robotics market.

Warehouse Robotics Market: Overview

The warehouse robotics market has grown substantially at a healthy CAGR due to recent advancements in the technology and increasing demand in its applications. Asia Pacific will emerge as the fastest growing region for warehouse robotics market due to increasing demand for automation and increasing awareness about quality production.

Warehouse Robotics Market: Region-wise Outlook

The warehouse robotics market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, warehouse robotics market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific is the fastest growing market for warehouse robotics market due to increasing research and development and increasing investment made by the automotive companies.

Warehouse Robotics Market: Key Players

Some of the key market players in warehouse robotics market are ABB Robotics, Kiva Systems, Foxconn Technology Group, Seegrid, SSI Schaefer, Swisslong, Fanuc 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.

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.

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Warehouse Robotics Market: Segmentation

Warehouse robotics market is broadly classified on the basis of the following segment

By Product:

  • Fixed Robots
  • Mobile Robots
  • Gantry Robots
  • Stationery Articulated Robots

By Application:

  • Automotive
  • Food and Beverage
  • Pharmaceutical
  • Electronics
  • Construction
  • Defense
  • Oil and Gas
  • 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

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

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers

Dubai

United Arab Emirates

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Advanced Process Control Market 2022 Assessment and Key Insights Analyzed Till 2032 – FMI

The advanced process control market is expected to grow at a 9.31 % CAGR during the forecast period. The constant rise in user demand, as well as the adoption of best practises to improve production and quality, as well as advanced automation and process controls, has resulted in significant growth in the APC system. However, it requires a large initial investment and is only suitable for large-scale production.

Future Market Insights upcoming report on global Advanced Process Control market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Advanced Process Control market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2022 and beyond.

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Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Advanced Process Control market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

According to the FMI’s report, the Advanced Process Control market is projected to record a CAGR of xx% over the forecast period. To receive the detailed insights about the Advanced Process Control market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2022.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2022. However, with relaxation in lockdown, the Advanced Process Control market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Advanced Process Control market.

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Key Questions Answered in the Report

  1. What are the key trends and challenges that will affect global Advanced Process Control market in upcoming years?
  2. What are the factors that will influence the Advanced Process Control market demand?
  3. Which region will be the most lucrative for Advanced Process Control market throughout the forecast period?
  4. How will evolving regulatory policies impact the market growth?
  5. What is the impact of Covid-19 on the Advanced Process Control market?

Advanced Process Control Market: Segmentation

By Region

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

Detailed analysis on the geographical region and country wise insights are offered in the latest Advanced Process Control market report with established market players as well as incumbents in the region.

By Segment :

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

  • By Prominent Market Players
    General electric Co.
  • Rudolph Technologies
  • Yokogawa Electric Corp
  • Emerson Electric Co.
  • ABB Ltd.
  • Aspen Technology
  • Honeywell International, Inc.
  • Schneider Electric Se
  • Rockwell Automation, Inc.
  • Siemens AG

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With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Advanced Process Control market.

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https://www.marketwatch.com/press-release/technical-textiles-market-overview-high-growth-opportunities-segmentation-trends-by-2031-2022-09-09?mod=search_headline

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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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Fabric Starch Market Size, Share, CAGR & Forecast Report for 2030

The fabric starch used by launderers also helps protecting fabric from stains, and washes tough stains out if starch is applied on the cloths. Long term use of fabric starch also ensure of holding the ironed appearance for longer period.

Starch has long been used in households and also by launderers for providing a clean and crisp appearance to the fabric, largely apparels. Use of starch on apparels often results in easy ironing process, thus fabric starch is regularly used by launderers worldwide.

Fabric starch market stakeholders waited for long to move away from specialty product category to frequently bought product aisle in retail superstore. It was the rise of e-Commerce when the true potential of the product was unveiled. Leading fabric starch brands reported pleasing sales numbers once they were digitally present.

e-Commerce also enabled brand’s reach to regular households, which were earlier restricted to professional fabric care service providers such as launderers. Digital platforms are being actively used by large and small companies operating in fabric starch market to communicate effectively with their customers.

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Experimenting with Formulation and Marketing Strategy Aligned Well with Fabric Starch Market Growth

Starch is a carbohydrate produced primarily sourced from plants. It is used in the laundering and dry cleaning industry as a stiffener for fabrics. Starch used by commercial dry cleaning and laundry service providers are made up corn starch, wheat starch, and synthetic starch.

Over the years brands have ideated multiple fabric starch formation which offers extra conditioning to the fabric. Companies brandish such claims and have been reported to be benefits. Some of such value added fabric starch available in the market include scented starch spray, wrinkling and soiling resistant fabric starch etc.

Leading fabric starch manufacturing companies have demonstrated their R&D capabilities and developed multiple such formulation. A majority of fabric starch introduced in the market were marginally different from one another, yet brand owners effectively marketed the claims.

The market strategy of claims seems to be paying-off for brands, as till December 2019 a steep rise in consumer spending on fabric care products was registered. Though all stories do not unfold in manner marketers expect it to be.

Reduced Economic Activity Due to Covid-19 Created a Stress on Fabric Starch Market

Most of the economic activities remained sluggish in 2020, and most of people were working from home. This situation practically minimized the use of fresh, ironed and crease free apparels, as individuals preferred wearing casuals while working from home.

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This prevailing trend created cascade effect on many of the product, and fabric starch is one of such product. Though fabric starch accounts for even less than one percent of overall retail sales, but is key for the companies operating in this business.

Some of the manufacturers in fabric starch market had sufficient inventory, and were ready to supply it to retailers on their call. However, frugal consumer sentiment in the first half of 2020 limited fabric starch sales to less than 55% comparing against Y-o-Y 2019.

The global wrinkle release spray market witnessed dent right at the moment when it was about to exhibit over at par growth.

Europe and North America Continues to Dominate the Global Fabric Starch Market

Professional grade fabric starch is available in retail market of North America and Europe for many years, and these markets are relatively matured. With market position on maturity curve of PLC, fabric starch brands have limited scope of improving retail visibility.

Leading brands have occupied shelve space as well as digital platform, as they took advantage or early movers.

Unlike the west, eastern fabric starch markets are relatively embryonic in nature. A small portion of customer out of meteoric potential customer pool, identifies fabric starch as a separate fabric care product.

Even a fractional share of such customers add it to their shopping carts. Since, being at embryonic stage, the Asian markets offer meteoric scope of growth for wrinkle release spray brands, but the these regional clusters are still dominated by local brands, and at times prefer conventional method of starching cloths.

Asian countries collectively contributed to less than 18% of revenue in global fabric starch market in 2019, whereas Europe dominated sales with slightly over 35% share in the same year.

Despite being a market at embryonic stage and a large population base, Asian markets are yet not ripe for investment. Consumers in high potential countries like China, India, Indonesia etc., will be ready to adopt such products only after 2025.

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Fragmented Fabric Starch Market, Positioned Well for Consolidation

The global fabric starch market is largely characterized by the existence of large number of small brands which primarily operate in one country. North American and European brand seems to outperform their Asian counterpart in terms of expanding regionally, but a large opportunity cluster is yet under the carpet.

North American and European brands have not been able to create a space for themselves in Asian retail outlets. Local brands are still dominating in fabric starch market for China, Japan, South Korea and India. These are high potential markets, and Western brands may opt to consolidate fabric starch market by acquiring companies in these countries.

Some of the key companies operating in global fabric starch market include names like

  • The Laundress
  • Best Press
  • Quilter’s Starch Savvy
  • Bucko Ironing Spray,
  • Faultless
  • Purex etc.

Key Segment

By Product Type

  • Powdered Fabric Starch
  • Sprayable / Liquid Fabric Starch

By Source

  • Corn Starch
  • Wheat Starch
  • Synthetic Starch

By Sales Channel

  • Hypermarket and Supermarket
  • Online Channels
  • Big Box Retailer

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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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Growth of the Aviation Test Equipment Market Will Expand At A CAGR Of 4.3% – According to FMI

The Growth of the Aviation Test Equipment Market is expected to reach $9.8 billion by 2032, growing at a CAGR of 4.3 percent. In 2022, total sales of aircraft test equipment will reach US$8.0 billion. Increased R&D activities aimed at developing technologically sophisticated products in the aerospace and military industries are likely to stimulate demand for aviation test equipment.

Aviation Test Equipment are used in the Aviation industry for maintain and also for upgrading the hydraulic, pneumatic, electrical power systems. Maintenance system in the aircraft and also regular checkups of the aircrafts is very important in both the sectors, commercial as well as in defense sector. There are aircraft mechanics to examine and replacement of aircraft parts, to diagnose any electrical and mechanical problem, to repair brakes, wings or any other aircraft equipment, to test aviation equipment’s with gauges, inspection of the complete work or process to maintain performance standards.

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Recently, Airbus has fitted the test equipment in its first A321neo in Germany. The aircraft, MSN6673 would be fitted with Pratt and Whitney PW1100G engines. The test regime will be adopted for A321neo because its wings differ from A320 neo and A319neo.

Aviation Test Equipment Market: Drivers & Restraints

Technological advancement, increase defense budget, increase in R&D activities of aviation test equipment’s, wavering government expenditure, multi-use test system for multiple weapon platform, scalable and configurable testers, increase usage of software adaptable solution are the most important driving factors in aviation test equipment market. Since there’s also an increase in the aerospace activity, the demand for aviation test equipment has increased regardless of the geographical location.

Short life span of avionics module and maintenance of legacy platforms are acting as a barrier for aviation test equipment market.

Aviation Test Equipment Market: Overview

The aviation test equipment market has grown substantially at a healthy CAGR due to increase product innovation and increase aerospace activity. With rapid technological advancement and expertise, aviation test equipment market is expected to grow globally. Asia Pacific will emerge as the fastest growing region in aviation test equipment market.

Aviation Test Equipment Market: Region-wise Outlook

The aviation test equipment market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, aviation test equipment market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific and Middle East and Africa are the growing market due to the increasing aerospace activity. Europe and North America also have a market for aviation test equipment’s since they have more resources, technically advance and expertise than the developing regions.

Aviation Test Equipment Market: Key Players    

Some of the key market players in aviation test equipment market are Airbus, GE, Boeing, Honeywell International, Moog, 3M, Rolls Roycee Holdings.

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)

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.

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Aviation Test Equipment Market: Segmentation

Aviation Test equipment market is broadly classified on the basis of the following segments –

By Product:
  • Electrical Aviation Test Equipment
  • Hydraulic Aviation Test Equipment
  • Power Aviation Test Equipment
  • Pneumatic Aviation Test Equipment
By End-User:
  • Commercial
  • Defense/Military Sector

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 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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LED Light Bar Market is Likely to Grow at a CAGR of 4.7% through 2027 | FMI

The LED Light Bar Market is valued at US$ 950 Million in 2021. The market is likely to grow at a CAGR of 4.7% through 2027, reaching US$ 1.25 Billion. In 2021, the single row LED bar segment holds account for nearly 50% of market value and rise at a CAGR of 4.3% through 2027.
Below 100W segment holds nearly 37% of market share in 2021.Use of LED light bar for events & shows will continue to be largest market revenue generator, accounting for nearly 40% of all sales.

  • Huge advantages of energy efficiency associated with LED lighting
  • Consistent R&D investments to improve performance with better phosphors and other materials
  • Higher adoption of LED lighting as a potential substitute for traditional light sources
  • Automakers and construction engineers seeking innovations in the LED light system

Single Row LED Light Bars Accounted for Half the Sales in 2018

According to the FMI survey, single row LED light bars accounted for roughly 5 out of 10 LED light bars purchased in 2018. Single luminaire preference is increasing, which bodes well for single row LED light bar sales. While single row LED light bars are predicted to expand at a rate of 4.1 percent in 2019, two-row or dual-row LED light bars will have the second highest sales in the market.

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Preference for single and dual-LED light bar remains limited to application with small to mid-sized areas such as residential and commercial spaces whereas application of triple row or quad row can be found at larger public places or private event areas.

Combo Beam Pattern Top Selling, Accounting for Over 6 in 10 LED Light Bars

The study finds that sales of LED light bars with combo beam pattern registered over one-third of the global LED light bar market revenues in 2018. With that over 6 in 10 LED light bars to be sold in 2019 will be with combo beam pattern. Demand for LED light bars with combo beam pattern remains highly consolidated in off-road heavy-duty automobiles and some specialized applications.

Flood and spot beam patterns collectively accounted for nearly one third of the market revenue in 2018. However, demand for flood beam pattern in LED light bar remains higher as compared to LED light bars with spot beam pattern.

Application in Events and Shows Continues to Surge

FMI opines that 4 in 10 LED light bars were sold for the application in events and shows in 2018. Use of LED light bars remains higher in events and shows as stakeholders seek cost-saving and energy-efficient ways to optimize the overall cost structure. The demand trend in events and shows application is likely to continue in the future wherein growth of 4% is projected in 2019.

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Automotive is another lucrative application segment for LED light bars wherein automakers are vying to introduce innovative as well as appealing designs of LED light bars. With a 4% growth rate, nearly 3 in 10 LED light bars are expected to be sold in the automotive sector in 2019.

Low Power Rating – A Key Influencing Factor

The FMI study estimates that over 3 in 10 LED light bars sold in 2018 were with power rating below 100 W. Manufacturers in the market offer LED light bar of 100 w of lower power rating with high luminaire, compact design, power options and versatile mounting. As these low power rating LED light bars fit well in the tight requirements of end-users in terms of cost saving and energy efficiency, their sales are expected to grow steadily in the future.

Manufacturers in the LED light bar market offer power rating ranging from below 100 W to above 300 W. The study finds that sales of 101-200 W LED light bars is expected to grow rapidly in coming years as demand for greater illumination in single luminaire continues to rise.

APEJ Spearheads LED Light Bar Sales

The FMI study reveals that APEJ continues to witness significant demand for LED light bars. In 2018, the region accounted for 4 in 10 LED light bars sold across world regions. While Europe represents the second largest demand for LED light bars, Latin America, despite lower sales, is projected to witness increasing demand and grow at 4% in 2019.

Sales of LED light bars continue to rise steadily in developing countries wherein demand aggregation remains no more limited to the residential or automotive sector but extends to public sectors on the back of increasing energy requirements.

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Multinational players are relatively highly concentrated in the global LED light bar market as compared to local & regional manufacturers of LED light bars

The global LED light bar market has a large number of regional and multinational companies, whose detailed profiles are also included in global LED light bar market report to assess their key product offerings, strategies and recent developments.

Some of the key players included in the global LED light bar market study include Eaton Corporation (Halo commercial), Globe Electric Company, Inc., Cree, Inc., Osram GmbH, Herbert Waldmann GmbH & Co. KG, Rigid Industries, Inc., Trailequip Ltd., Baja Designs, Inc., KC HiLiTES Inc., Gold Crest, LLC (Lux LED), NTE Electronics, Inc., Showtech Electronics LLC, Larson Electronics LLC, HIGHLITE INTERNATIONAL BV, Tough Industries Limited, Innotec, Corp., Linmore LED Labs, HEISE LED lighting systems, Hubbell Lighting, Inc. and Auxbeam Lighting Co.

Key Segment

On the basis of configuration

  • single row
  • double row
  • triple row
  • quad row

On the basis of beam pattern

  • flood
  • spot
  • combo lights

On the basis of application

  • events & shows
  • automotive
  • restaurants & bars
  • charter & boats

On the basis of power rating

  • below 100W
  • 101-200W
  • 201-300W
  • above 300W

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.

Contact:

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