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The drain cleaning equipment market is expected to witness lucrative growth opportunities over the forecast period with a CAGR of 6.0% from 2022 to 2032 with a valuation of US$ 234.6 Mn in 2022 and is likely to be valued at US$ 418.9 Mn by 2032.

According to the historic evaluation, the global drain cleaning equipment market thrived at a CAGR of around 5.1% from 2016 to 2021. The demand for drain cleaning equipment is on the surge to preserve water, wastewater, and sewer utilities. However, it is not an easy task to retain the drainage and piping system. Hence, the adoption of drain cleaning equipment is considered to be a significant but often overlooked aspect of health facilities.

According to a global study on the drain cleaning equipment market, it explains that various types of materials are responsible for drainage blockage, and this blockage might be hard to acquire which can make the removal process difficult. The drain cleaning equipment aids help in the removal of blockages in areas and clearing the drainage system. This is an easy method to solve through this equipment which is anticipated to increase the drain cleaning equipment market share.

Key Takeaways

• The drain cleaning equipment comprises both hand tools and power tools. One of the common misconceptions regarding drain cleaning equipment is that one machine is able to handle all drain issues. However, it is not the case, since there are several issues at multiple locations and various sizes of systems. Different equipment is built to resolve a different issue effectively and is likely to surge the sales of drain cleaning equipment in recent years.
• The drain cleaning equipment market survey reveals that one of the major factors responsible for the surge in the demand for drain cleaning equipment requirements during the forecast period is due to significant investments by state and federal governments in the operation and maintenance of water, wastewater, and sewer utilities.
• According to a survey conducted by the American Society of Civil Engineers (ASCE), substantial growth is witnessed in the drain cleaning equipment segment due to the rise in the quality of wastewater treatment plants. Owing to the growth of these targeted markets the drain cleaning equipment market is expected to propel.
• The utilization of traditional hand tools such as plungers and augers are usually observed in household applications, owing to their low cost, which leads to the high penetration of these products. These factors are propelling the drain cleaning equipment market’s growth in recent years.

Competitive Landscape

The prominent market players in the drain cleaning equipment market are significantly contributing to the growth by embracing several skillful methods including mergers, partnerships, collaborations, and others. These players are developing products as per customers’ requirements which directly increases the market growth in coming years. Competitors work on problem-solving skills along with the long price range to target multi-class.

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More Insights into the Drain Cleaning Equipment Market

North America is expected to lead the global market for drain cleaning equipment by accounting for about 31% of the share throughout the forecast period. Owing to the rising government support and investments in implementation & development, the drain cleaning equipment market size is predicted to grow at an opulent pace over the years.

The United States is known to be the leading country in the North American market by accounting for the highest sales of drain cleaning equipment products. The region is expected to attract a plethora of lucrative business opportunities to maintain and clean its robust drainage systems in various densely populated cities.

Europe is considered the fastest growing region in the drain cleaning equipment market as it is expected to account for 27% of the share during the forecast period. The growth is attributed to the rising housing demand is one of the foremost drivers of growth in Europe’s construction sector. Germany and the United Kingdom are experiencing exponential growth in their construction sectors, fueling the demand for drain cleaning equipment.

Key Segments:                                            

By Product Type:

• Drain Cleaning Hand Tools
• Drain Cleaning Auger
• Drain Cleaning Hand Spinners
• Drain Cleaning Plungers
• Drain Cleaning Sewer Tapes
• Drain Cleaning Power Tools
• Drain Cleaning Sink Machines
• Drain Cleaning Drum Machines
• Drain Cleaning Sectional Machines
• Drain Cleaning Water Jetters
• Drain Cleaning Rodder Machines

By Application:

• Municipal
• Residential
• Industrial

By Sales Channel:

• Distributors
• Retail Outlets
• Online Sales

By Region:

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

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Poultry feed ingredients are broadly classified into protein meals, cereal grains, oils, feed additives, and feed additives. Cereal grains such as corn, wheat, and others are mainly used to fulfil the energy requirement of the poultry.

Feed ingredients are chosen for poultry diets on the basis of nutrients they will deliver. Amino acids, proteins, minerals, and vitamins are the key nutrients required for proper nourishment of livestock. The rising demand for poultry products will result in higher demand for nutritive poultry feed.

Corn is the most commonly used poultry feed used across the world owing to its high energy content of 3300 kcal/kg than other feed types such as wheat sorghum, barley, oats, and other types.

Feed additives are also incorporated in common feed types to increase their nutritional content and ensuring better health of poultry. Therefore several manufacturers in the poultry feed market are launching feed additives to increase their revenue.

• In 2020, Layn Corp. launched botanical based poultry feed additive called TruGro MAX which helps in improving birds oxidative status and supports gut health. With this product launch the company is growing stronger in poultry feed market.

“Poultry feed production has increased considerably in the last few years and is expected to continue increasing owing to the rising demand for white meat based protein. Driven by this, several behemoths are entering into the market with innovative poultry feed products. This would enable growth in the poultry feed market in the coming years,” said a lead analyst at FMI

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The FMI study delves deeper into the prevailing dynamics to offer interesting insights into the poultry feed market. Some of these are:

• Broilers are emerging as an economical source of protein resulting in more demand for feed. Broilers segment is anticipated to grow at a CAGR of 4.5% in the year 2020.
• Corn is expected to dominate the market with an estimated market volume share of 34.9% in the year 2020. Corn can be easily digested by poultry and good source of dietary energy.
• Organic poultry feed, free of additives such as hormones, pesticides, and antibiotics are gaining more consumer traction, therefore manufacturers such as The Organic Feed Company, Purina Animal Nutrition LLC, Feedex Companies, and others are focussing on offering organic poultry feeds to increase their revenue.

Application of Soy Protein Concentrates as a Pre Starter for Poultry Feed is Becoming a Trend

Soybean is one of the most common and economical sources of protein for poultry. It provides protein rich feed required during the post hatching period to increase the survival rate of birds and their immune system. For this the pre starter trend was developed by some poultry feed companies. Due to ban on antibiotic growth promoters it is becoming more important to use pre starter feed concept to maintain good profitability in poultry farming.

Fish meal is also used as a pre starter, but due to its limited availability the price is increasing which may affect the profitability of poultry farmers. This has created demand for alternative to fish meal. The replacement of fish meal by soy protein concentrate has improved the growth of prospects for the poultry feed market. Soy protein concentrate offers comparable amino acids and protein composition as fish meal and it is becoming an excellent protein source for poultry.

The application of soy protein concentrate as a pre starter has helped to decrease the stress in the early stage, improve overall health and growth performance of the poultry in the later stages. Key players such as Gavdeo, DuPont de Nemours, Inc., Victoria Group, and others offer soy protein concentrates for the application in poultry feed.

Who is Winning?

The poultry feed market is consolidated with ~55 % of its share belonging to tier 1 players. Although several new manufacturers have entered in the market, largest share of the market is dominated by top manufacturers, mostly coming from Europe and the U.S.

They are engaging in increasing their product portfolio by expanding their operations to other regions and strengthening their distribution channels. Furthermore, multinational companies are focusing on expansion of their manufacturing facilities, partnerships, and acquiring local players that would complement their product offerings.

• In 2018, The Archer Daniels Midland Company acquired Probiotics International Ltd based in Europe that offers probiotics supplements of animal nutrition. The acquisition transaction was valued at US$ 240 Mn.  The acquisition has helped The Archer Daniels Midland Company to expand their distribution network, Product portfolio, and R&D capability.

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Get Valuable Insights into Poultry Feed Market

Future Market Insights, in its new report, presents an unbiased analysis of the global poultry Feed market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. Based on livestock the market can be segmented into layers, broilers, turkeys, and duck. In terms of nature, the market can be segmented into conventional and organic. Based on feed type the market can be segmented into corn, wheat, barley, soybean, and others. Based on form the market can be segmented into granules, pellets, and powder. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

Poultry Feed Market Outlook & Key Findings

• Future Market Insights (FMI) forecasts the poultry feed market to surpass US$183.62 Bn in 2020
• Elevated levels of poultry feed and nutrition will be required in high potential countries of Asia, particularly to meet the burgeoning demand for poultry products among consumers
• According to FMI, East and South Asia will collectively exhibit 1.5 times higher rate of growth than rest of the world
• Implementing latest technologies such as Nutrigenomics to help animals reach their genetic potential is one of the key strategies adopted by market players

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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Enlightening standards of living and intensifying disposal income are projected to outgrowth the production of motor vehicles and electronic appliances, these factors are accelerating the global motor winding repair service market. Furthermore, huge demand primarily for industrial users, in the replacement market is also boosting the global motor winding repair service market during the forecast period.

Usually copper uses as wind material owing to high heat resistant, moisture resistant, and resistant to smoke or odor and better flexibility. On the other hand, Performance improvements, increased power density, reliability and efficiency come from advances in materials and craftsmanship. Such as, superior resins and shielding tapes mend thermal dissipation. Moreover, automated coil forming technology and precise application of insulating tapes certify consistent coil duplication may enhance the efficiency of the motor. The future stance in the global motor winding repair service market is expected to persist positive & the market is anticipated to eyewitness twice digit CAGR growth during the forecast period.

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Damage coil replaced by the new coil that result of improved motor efficiency and motor winding repair service provides cost-effective solution, Rewinding associated 40% cost of new units. Properly motor winding may use as eco-friendly choice, owning to the Increasing adaptation of advance stator lamination. It is anticipated that oversizing of motor for increasing the efficiency and loading may hike the global motor winding repair service market in the forecast period. Furthermore, high grade material and tighter manufacturing tolerance may accelerate the market in future.

It is anticipated that End-User segment is dominating in the global motor winding repair service market owing to increasing motor demand from consumer for improving living standards and high demand of luxury vehicle. Furthermore, increasing industrialization in entire segment industry is enforcing the global motor winding repair service market during the forecast period.

Lack of knowledge associated with motor winding material may hinder the global motor winding repair service market in the forecast period. For instance, if the coil from the stator core is stripped at a high temperature prior to rewinding, the electrical characteristics of the core steel can change, leading to higher losses in iron, and lowered efficiency.

Region-wise Outlook:

The Asia Pacific region is anticipated to witness the fastest & highest growth during the forecast period on account of the amassed sales and production of electric vehicles. Furthermore, continuous increasing the production of motor driven system, for instance, household application, industrial application and automotive industry, in major countries such as China, India, South Korea and Singapore. Europe and North America are anticipated to witness a growing inclination for these yields. Furthermore, Latin America is growing the global motor winding repair service market owing to continuing development of the mining industry. On the other hand, Middle East & Africa is also generating significant revenue from oil & gas sector as well increasing hydrocarbon processing machinery during the forecast period.

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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 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, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Key Participants:

The Key Participants of the global motor winding repair service market are following:

• Integrated Power Services, LLC.
• Delba Electrical
• Continental Group
• Excel Apparatus Services, Inc.
• Whelco Industrial
• EMW PRODUCTIONS, LLC
• Smith Services
• Electric Motor Rewinding Company Albury
• Lloyd Electric Co., Inc
• Rogers Electric Motor Services
• ROGERS ELECTRIC & MACHINE
• A Plus Winding Services, Inc

By Segmentation:

The global allergen free food market size is anticipated to reach US$ 75.67 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market is expected to depict a strong positive growth trajectory at 8.6% CAGR between 2020 and 2030.

As per FMI report, the global allergen free food market is estimated to surpass the valuation of US$ 46.4 Bn by the end of 2020. The industry is well positioned to register at least 4% higher growth rate than the overall food & beverage sector.

The combined attribute of behemoth size and rapid growth has captivated leading companies in global food & beverages sector as well as new entrants. This has created perplexed consumer preferences, and brands experience challenge in creating a differentiator in the global allergen free food market.

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It includes in-depth insights into the allergen free food market. Some of these are:

• The estimated value of the market was at US$ 31,967.7 Mn in 2020. Through the course of the report’s forecast period, the market is projected to show an exceptional pace of growth.
• North America accounts for a dominant share in the allergen free food market. Europe also holds a sizable market share. East Asia is bound to offer business opportunities to emerging market players.
• Key players are likely to focus on product innovations and manufacturing technologies to widen their reach in emerging markets.
• Digital advertising and adoption of online sales channel to attract the millennial and Gen Z consumers are some of the key strategies of market players.

“The demand for allergen free food is expected to rise amidst the COVID-19 outbreak as consumers are striving to maintain a strong immunity to tackle the disease. Furthermore, revival of world economy would also result in increase of per capita income, which in turn will give impetus to market,” said a lead analyst at FMI.

Growing Health and Wellness Trend and Rise in Food Fortification will Drive Growth

Consumers have become quite health conscious and majority of them spend a significant portion of their disposable income on fitness and well-being. They have also become increasingly aware that along with exercise, a proper diet is necessary to achieve physical fitness.

Food fortification is enrichment of everyday foods with essential proteins, vitamins, and minerals. Consumer preference for such foods is a result of various factors such as rising incidence of lifestyle-related diseases and weight management.

High protein foods aid in maintaining consumer health. Gluten-free bakery products and snacks comprising protein and vitamin ingredients are gaining popularity among consumers. Thus, the trend food fortification is rising, which will in turn support the expansion of the allergen free food market.

The demand for organic food products is rising at a higher pace than supply, creating a gap between the demand and supply of organic food. Consumers are looking for produced without the use of any kind of fertilizers, pesticides, and chemical processing. Such farming and manufacturing practices are linked to deterioration of human health and environment.

The organic vegetables and fruits market happens to be the fastest growing one in the global food market. This is indicative of rising prospects for the sales of preservative-free, GMO-free and other allergen free food products.

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Who is Winning?

Some of the key players operating in the allergen free food market are Abbott Laboratories, Nestle SA, Danone SA, General Mills, Kellogg Co., Kraft Heinz Company, Mead Johnson Nutrition Company, and Boulder Brands,  Inc.

Due to the increasing competition, manufacturers are focusing on product portfolio expansion and improving product traceability. Besides this, some of the leading companies are focusing on entering into collaborations with regional/local manufacturers in the growing markets.

Get Valuable Insights into Allergen Free Food Market

Future Market Insights, in its new report, presents an unbiased analysis of the global allergen free food Market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of type, the market can be segmented into salad dressing, & mayonnaise. Based on applications, the market can be classified into food service, home-usage, and industrial. Regionally, the market can be segmented into North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

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Allergen Free Food Market Outlook & Key Findings

• FMI forecasts the market for allergen free food  to grow at an impressive 8.6% CAGR between 2020 and 2030
• Weaker brick & mortar retail inventory in first half of 2020, pushed consumers to online stores, which witnessed over 60% amplified demand for allergy-friendly food products
• Ad Spend in the first half of 2020 on three leading social media platforms increased by an average of 32% by top 50 brand, comparing against the first half of 2019
• Consumers evaluated brand familiarity, labelling and price of at least three brands before making the final purchase decision, revealed in Buyer’s Journey section of the FMI report
• Surprisingly, peanut free products were among top three sought after allergen free food product categories, apart from gluten free, dairy free
• Finding niches and frequent product launch are strategic priority of new entrants in the market, whereas established brands leverages on existing portfolio

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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The vegan and flexitarian population is increasing rapidly across the globe. Plant-based yogurts are being perceived as more sustainable and better for the environment as compared to dairy-based yogurts. Plant-based yogurt products are either made from the nut-based milk or cereals, legumes, or seeds based milk.

Nutritional value remains a key factor encouraging the purchase of plant-based yogurts; hence, customers tend to be more on the lookout for ingredients they don’t want in their food. This includes excess sugar or chemical-sounding ingredients. Manufacturers of plant-based yogurt are conducting various researches for the innovation in flavours, taste, and texture. They are making yogurt from several new bases, such as hemp or oat to exclusive flavours like mango and blueberry.

These yogurts are gaining traction in the plant-based food industry, leading to the market’s well-positioned growth.

In 2019, Springfield Creamery, Inc. based in Europe launched oatmilk plant-based yogurt, which is gluten-free and delivers billions of probiotics per serving, the product contains 30-50% less sugar than competitors brands. In 2016, Anita’s Yogurt based in U.S. launched plant-based coconut milk yogurt with three flavours such as mango, blueberry and plain. All the products are free of added sugar, preservatives or additives.

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The FMI study delves deeper into the prevailing dynamics to offer interesting insights into the plant-based yogurt market. Some of these are:

Plant-based yogurt is available in many flavours such as vanilla, blueberry, raspberry, strawberry, and peach among others. The strawberry flavor is expected to grow at a highest CAGR of 14.7% over the forecast period. Europe and North America are expected to remain the dominant markets for plant-based yogurts. Acquisitions and partnerships by big giants will give significant impetus to the plant-based yogurt market across these regions. Consumers are seeing organic plant-based yogurts as a nutritious and healthy option to conventional yogurts. Organic plant-based yogurts are expected to witness high CAGR of 13.1% over the forecast period.

Consumers are becoming more aware of healthier ways of living. As a result they prefer eating healthy and spending more on functional food than to spending on medical treatments. Increasing focus on health and wellness among consumers due to COVID-19 outbreak is expected to provide pace to plant-based yogurt market over the forecast period.

“Plant-based diet is trending and manufacturers are capitalizing on this opportunity by offering delicious plant-based yogurts in the market. The plant-based yogurt is becoming a promising alternative to conventional yogurts and are likely to witness significantly high demand in the coming years. Manufacturers are focussing on product quality, product innovations, and consistent product availability. They are also partnering with various retailers to make their products available across the world.” said a lead analyst at FMI

Increasing Demand for Plant-based Products Boosts Growth Prospects 

Plant-based yogurts are manufactured from sources such as legumes, seeds, nuts and grains, especially from soy, coconut, almond, and oats, which are all plant-based. Since the demand for plant-based ingredients and products is skyrocketing in the food and beverage industry, the non-dairy yogurt market is expected to witness significant growth.

Besides this, the increasing incidences of health issues associated with dairy products, increasing vegan and flexitarian population, and growing concern about animal welfare is leading to increasing market prospects for plant-based yogurts.

According to the Plant-based Food Association, in 2019 plant-based yogurts generated maximum sales in U.S. than other plant-based products such as milk, cheese, and butter among others. According to a Forbes report, animal milk and dairy products sales are declining rapidly with almost 11% drop as predicted in sales between 2015 and 2020.

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Market Segmentation

The global plant-based yogurt market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Nature

Conventional Organic

Product Type

Cereal Type Oat Rice Corn Spelt Legume Soy Pea Peanut Lupin Chick Pea Nut Almond Coconut Hazelnut Pistachio Walnut Cashew Pili Nut Seed Sesame Flax Hemp Sunflower Pseudo Cereal Quinoa Teff Amarnath Cassava

Flavour

Regular Vanilla Strawberry Blueberry Cherry Peach Raspberry Coconut Coffee Others

Price Range

Economic Mid-Range Premium

Sales Channel

Food Service Retail Modern Trade Convenience Stores Specialty Stores Discounters Independent Small Groceries E-commerce Others

Global

North America Latin America Europe East Asia South Asia Oceania MEA

Who is winning?

The plant-based yogurt market is consolidated with ~70%of its share belonging to tier 1 players. Although several new manufacturers have entered in the market, largest share of the market remains with top manufacturers, mostly belonging from the Europe and U.S. Manufacturers are engaging in increasing their product portfolio by expanding their operations to other regions by strengthening their distribution channels.

Furthermore, multinational companies are focusing on expansion of their manufacturing facilities, partnerships, and acquiring local players that would complement their product offerings.

In 2018, The Oatly AB opened its first production plant in U.S. to offer dairy-free products made from oats such as Oatgurt Natural, Oatgurt Vanilla, and Oatgurt Blueberry Raspberry among others to increase its revenue. In 2019, Valsoia S.p.A made a partnership with Nordic food to distribute its plant-based products in Europe. Nordic Foods will distribute 34 products in Romania through hypermarket and supermarket chains. In 2017, Danone S.A. acquired WhiteWave Foods to expand its plant-based product portfolio and strengthen its position in the U.S. plant-based product market.

Get Valuable Insights into Plant-based Yogurt Market

Future Market Insights, in its new report, presents an unbiased analysis of the global plant-based yogurt market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. Based on nature the market can be segmented into conventional and organic.

In terms of flavour, the market can be segmented into regular, vanilla, strawberry, blueberry, cherry, peach, raspberry, coconut, coffee, and others. Based on product type the market can be segmented into cereal type, legume, nut, seed, and pseudo cereal. Based on price range the market can be segmented into economic, mid-range, and premium. Based on sales channel the market can be segmented into food service and retail. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

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Plant-based Yogurt Market Outlook & Key Findings

Future Market Insights (FMI) forecasts a positive outlook for global plant-based yogurt market and projects a CAGR of 10% between 2020 and 2030 Plant-based snacks will secure hot-selling tag as consumers tilt in favor of healthy and vegan diet Over 50% of plant-based yogurt produced last year was derived from nut, finds FMI Despite availability in various flavors, regular plant-based yogurt will remain consumer favorites, accounting for nearly one-fourth of the market Other factors cited by FMI includes rising prevalence of lactose intolerance and a strong desire to align one’s food choices with environmental sustainability

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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The chronic lymphocytic leukemia therapeutic market can be segmented on the basis of cancer type, drug type, route of administration and on the basis of region. On the basis of cancer type thechronic lymphocytic leukemia therapeutics market can be segmented into B-cell chronic lymphocytic leukemia, T-cell chronic lymphocytic leukemia and natural killer chronic lymphocytic leukemia. On the basis of drug type the chronic lymphocytic leukemia therapeutics market is segmented into targeted therapy and chemotherapy.

On the basis of route of administration the chronic lymphocytic leukemia therapeutics market can be segmented into intravenous route, subcutaneous route, intrathecal route, intramuscular route and oral route. On the basis of region the chronic lymphocytic leukemia therapeutics market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Higher incidences of leukemia, improved diagnosis and growing disease awareness are the factors determining the growth of chronic lymphocytic leukemia therapeutics market.

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Chronic Lymphocytic Leukemia Therapeutics: Market Dynamics

The food and drug administration has given approval to several drugs used in the treatments of chronic lymphocytic leukemia therapeutics. The drugs for this cancer type are currently in preliminary stage, their introduction in the chronic lymphocytic leukemia therapeutics marketand sales is anticipated to increase the demand for chronic lymphocytic leukemia therapeutics market.

Increased number of biotechnology firm’s research and development in oncology sector, new innovation in drug development, introduction of novel therapies and promising pipeline products are some of the factors driving the growth of chronic lymphocytic leukemia therapeutics market. The cost of treatment and drugs is very much high in chronic lymphocytic leukemia therapeutics market and also many entry barriers and FDA approvals which are restricting the growth of chronic lymphocytic leukemia therapeutics market.

Chronic Lymphocytic Leukemia Therapeutics: Regional Outlook

Geographically, North America accounts for largest share followed by Europe in the chronic lymphocytic leukemia therapeutics market. According to the WHO this cancer is more prominent in developed regions due to factors such as unhealthy lifestyle and genetic factors caused by enhanced radiation which in turn is expected to enhance the chronic lymphocytic leukemia therapeutics market in North America. Moreover, increasing patient awareness, supportive government policies, refined healthcare structure, technological advancements and new product launches are some of the factors anticipated to increase the demand for chronic lymphocytic leukemia therapeutics market in North America.

Presence of unmet needs in emerging countries of Asia Pacific like Japan, India and China, increasing investment in research and development by biotechnology firms, improving healthcare infrastructure are the factors promoting growth of chronic lymphocytic leukemia therapeutics market in this region. Mexico and Brazil are also expected to have significant growth in chronic lymphocytic leukemia therapeutics market owing to high disposable income and developing medical infrastructure and prevalence of leukemia. Rest of the world is anticipated to have steady growth in chronic lymphocytic leukemia therapeutics market.

Chronic Lymphocytic Leukemia Therapeutics Market: Key Players

The major players in the chronic lymphocytic leukemia therapeutics market are AbbVie, Arno Therapeutics, Genzyme Corporation, Gilead Sciences, Johnson and Johnson, Novartis, Ono pharmaceuticals Co. Ltd., Roche AG, Teva Pharmaceuticals, TG Therapeutics, Xeme Biopharma and Ziopharma Oncology, Inc.,

The report includes mergers & acquisitions, recent developments and new product launches of leading players in the chronic lymphocytic leukemia therapeutics market. For instance venetoclax by Roche, in collaboration with AbbVie has received approval from the US FDA for the treatment of this cancer. Genmab A/S and GlaxoSmithKline plc have entered into collaboration agreement for drug Arzerra used in treatment of relapsed chronic lymphocytic leukemia. New collaborative developments, clinical trials and new product pipelines are some strategic initiatives taken by the industries to retain oneself in chronic lymphocytic leukemia therapeutics.

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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
• Latin America
• Europe
• Asia Pacific
• Middle East and 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.

Chronic Lymphocytic Leukemia Therapeutics 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

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The global mining shovel market is estimated to create an absolute dollar opportunity of over US$ 10 Bn by the end of 2032. The sales of mining shovels are expected to reach around US$ 7.8 Bn by 2022, exhibiting growth at 2% to 3% CAGR during the forecast period 2022-2032. Increasing emphasis on the development and introduction of advanced mining shovels with innovative technologies such as telematics is anticipated to facilitate the growth in the market.

Mining shovels are mostly electric powered, and are primarily utilized for digging and loading earth, and for the extraction of minerals. Mining shovels are utilized in the surface mining of gold, copper, coal, and other commodities across the globe. Mining shovels are available in a wide range of payload capacities all over the world. They are designed and built to help mining sites move more quantities of material at lower cost per ton. Mining shovels are very difficult to operate owing to their mechanical complexity.

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Due to the rapid industrialization of emerging economies, particularly China and India, there has been significant growth in the demand for mined resources such as coal, iron ore, etc. Thus, it is anticipated that the demand for mining shovels will increase in the near future.

Mining Shovel Market: Dynamics

Globally, the mining industry is cyclic in nature and depends upon the performance of numerous end-use sectors. However, the mining industry in Latin America and North America, primarily in countries such as Peru and Chile, is anticipated to return to its steady phase in the near future, creating opportunities for mining shovel manufacturers across the world, and, in turn, assisting the growth of the global mining shovel market.

Owing to the very high prices of mining equipment such as mining shovels, various end users are opting for rental solutions. This, in turn, is anticipated to hinder the sales of new mining shovels across the globe, and, in turn, acts as a restraint for the mining shovel market.

Prominent manufacturers in the global mining shovel market are found to be involved in merger and acquisition activities in order to enhance their presence in the mining business across the globe. For instance, recently, Komatsu America Corp. completed the acquisition of Joy Global Inc.

Some manufacturers are focussed on the introduction of electric drive mining shovels that feature an advanced zero-emission electric drive motor, in order to provide higher productivity and low cost of ownership through reliability, efficiency, and durability.

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Mining Shovel Market: Regional Outlook

Globally, the mining shovel market is projected to be led by the Asia Pacific region, owing to its prominent share in the mining industry across the globe. Asia Pacific, led by China, is anticipated to account for the sales of a large number of mining shovels. Asia Pacific accounts for more than 3/5 of the global minerals production across the globe. Asia Pacific is expected to be followed by Latin America in the global mining shovel market, owing to the increasing copper mining across Brazil, Chile, Peru, etc. Latin America is anticipated to be followed by North America in the global mining shovel market over the forecast period. The North America mining shovel market is projected to be followed by Europe over the forecast years. The Middle East & Africa is expected to account for a small share in the global mining shovel market, owing to the comparatively low rate of mining activities in the region

Mining Shovel Market: Market Participants

Some of the important companies involved in the mining shovel market include Deere & Company and Hitachi Construction Machinery Co., Ltd., Caterpillar, L&H Industrial, Komatsu Ltd., IZ-KARTEX, and Taiyuan Heavy Machinery Group Co., Ltd., besides others.

Globally, the mining shovel market is projected to be consolidated in nature, due to the presence of a small number of players. A few global players are expected to hold prominent shares in this market.

The research report presents a comprehensive assessment of the mining shovel 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 mining shovel research report provides analysis and information according to market segments such as geography, payload capacity, and mineral type.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Installed Base Analysis
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Mining Shovel Value Chain
• Mining Shovel Technology

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 mining shovel market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various factors on mining shovel market segments and geographies.

Mining Shovel Market: Segmentation

The global mining shovel market can be segmented on the basis of payload capacity and mineral type.

Based on payload capacity (metric ton), the global mining shovel market can be segmented into:

• 20-25
• 30-35
• 40-50
• More than 50

Based on mineral type, the global mining shovel market can be segmented into:

• Coal
• Iron Ore
• Non-Ferrous Metals
• Industrial Minerals
• Precious Metals

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