Market Research Blog

Future Market Insights (FMI), in its new study, evaluates the ongoing developments in the underground mining equipment market and projects their impact on the growth of the market between 2022 and 2029.

The study projects that the sales of underground mining equipment valuation is projected to reach US$ 18.8 Bn in 2031. However, the market value is likely to grow at a passive CAGR of 2.4% through 2031.

Rising adoption of automatic underground mining equipment among manufacturers to sync with the ongoing trends in the ever-evolving mining industry is set to incur tech-driven transformations in this landscape, opines the study.

In addition, stringent emission regulations regarding controlled diesel emission and personnel safety in the mining industry are likely to stimulate innovations that can enable dealing with the relentless pricing pressure more efficiently, and mitigate the environmental impacts of new-age underground mining equipment.

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Advanced techniques of mining and their impacts on various socio-economic factors have been a prolonged concern worldwide. The shift of a majority of miners from surface or open pit mining to underground mining has further amplified concerns vis-à-vis human safety and the environmental impacts.

Technology is emerging as the most efficient tool for introducing enhanced features in underground mining equipment, and FMI’s study examines the influence of advancements in technologies and other microeconomic factors on the growth of the underground mining equipment landscape.

Mineworkers’ Staunch Inclination towards Hard Rock Mining Equipment

FMI’s study finds that every 7 out of 10 underground mining equipment sold in 2022 were designated to applications associated with hard rock mining platforms. Increasing demand for hard rock minerals, such as copper, gold, zinc, and lithium, in wide-ranging industries has given rise to hard rock mining activities in the mining industry. Leading players in the underground mining equipment landscape are focusing on catering to the thriving need for improved productivity in underground hard rock mines with the launch of next-generation mining equipment.

In addition, conventional hard rock mining techniques result in the release of toxic gases including carbon dioxide (CO2), and Sulphur dioxide (SO2) among others, which is triggering the adoption of electric equipment in hard rock mines. In addition, the study finds that coupling of underground mining equipment that can carry out multiple operations including parallel cutting, loading, and hauling operations are likely to witness high demand in the coming years.

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Visibly Growing Preference for ‘Rental’ over New

In rough terrains such as the mining industry, constant wear and tear of mining equipment lead to high replacement rates, incurring significant depreciation costs to the end users. As large mining machinery, including underground mining equipment, come with a significantly high price tag, purchasing a new equipment creates the need for high capital investments.

A majority of miners are inclined towards purchasing used or refurbished equipment, even considering the option of renting rather than investing in new underground mining equipment. Since a majority of mining businesses are looking for reducing their initial investments, rental service providers are likely to gain traction among in the coming years.

FMI’s study finds that more than half the revenue share is accounted by rental service providers in the underground equipment market. Increasing end user preferences for rental equipment are fostering the progression of this trend in the market. A mounting number of rental service companies are offering refurbished mining equipment that are specifically tailored to suit the requirements of the underground mining sector. The FMI report also finds that leading stakeholders and investors in the underground mining equipment landscape are zooming in their strategic focus on providing rental service packages to suit changing needs of their customers, regarding the inventory of equipment.

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The sulphur recovery technology market will reach valuation of US$ 1.2 Bn by 2021 and is expected to grow at compound annual growth rate (CAGR) of 11% for 2021 – 2031. The increasing production of shale gas will accelerate the growth with top market players holding 2/5th of sulphur recovery technology market share in 2021.

According to the recent research report published by Future Market Insights, the sulphur recovery technology market is expected to exhibit an impressive CAGR of 11% during the forecast period of 2021-2031.

According to recently published data from Future Market Insights (FMI), the market for sulphur recovery technology is predicted to reach US$ 1.2 billion in value by 2021 and grow at a compound annual growth rate (CAGR) of 11% from 2021 to 2031. In 2021, the top market players will hold a 2/5 market share in sulphur recovery technology due to the rising production of shale gas.

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Manufacturers of sulphur recovery technology are expected to benefit greatly from the growing number of refinery projects around the world because the installation of their units in these plants will result in sizable profits.

Demand for the installation of sulphur recovery technology units has increased as regulations for lowering sulphur levels in products and lower sulphur emissions have become more important.

Key Takeaways of Sulphur Recovery Technology Market Study

• Increasing exploration and production activities, especially those associated with shale gas, led to high demand for sulphur recovery technology units from refineries. Production of recovered sulphur from gas refining activities is increasing significantly, attributable to the rise of major gas refining activities across the globe.
• In terms of plant capacity, there is a rising demand for sulphur recovery technology units with capacity of less than 100 t/d, owing to lower emission footprint, ease of upgradation, and relative cost-effectiveness as compared to other units.
• Stringent environmental regulations regarding emission of hydrogen sulfide mainly released during oil & gas extraction, treatment, transportation, and refining are boosting the demand for development of cost-effective desulphurization technologies. For instance, environment legislation of EU (European Union) sets the standards for oil & gas refineries industries in Europe.
• The oil and gas production in prevailing refineries is expected to have a greater impact on the growth and development of the global sulphur recovery technology market in comparison to new refinery bases.
• In terms of value and volume, Europe and the MEA are identified as dominant regions throughout the forecast period. Increasing number of refineries projects in countries in Europe and MEA such as Saudi Arabia, Kazakhstan, and Russia, are expected to supplement the demand for sulphur recovery technology. These countries also have oil reserves, which in turn support the demand for sulphur recovery technology.

“APAC is one of the majorly profitable markets for players offering sulphur recovery technology, attributable to the establishment of new refineries to cater to growing demand for new gas refining units in the region,” says an FMI analyst.

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Sulphur Recovery Technology Market: Competitive Landscape

The global sulphur recovery technology market has remained competitive with the presence of giant players having expertise in advanced manufacturing technologies, and product offerings for diverse applications.

However, leading players account for nearly 2/5^th of the global sulphur recovery technology market share. These players include Royal Dutch Shell plc, Exxon mobil Corporation, Bechtel Corporation, Fluor Corporation, and Linde AG & Technip FMC plc.

Such key players are adopting strategies such as expansion, acquisitions, and product launches, and are creating challenges for small-scale players.

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Key Segments Covered in Sulphur recovery technology Market Study:

Technology

• Claus Process
• Tail Gas Treatment

Source of Recovery

• Oil
• Gas
• Others

Capacity

• <100 t/D
• 101-200 t/D
• 201-300 t/D
• >300 t/D

Region

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

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With respect to the different sizes of oil & gas valves, the oil & gas valves market has been segmented into 0.25 to 8 inches, 8 to 20 inches, and above 20 inches. By the end of the year 2029, the 0.25 to 8 inch-sized oil & gas valves segment is estimated to hold more than half of the global oil & gas valves market share.

With regards to application, the global oil & gas valves market has been segregated into upstream, midstream, and downstream applications. The downstream applications of oil & gas valves are estimated to contribute the most to the market size of the global oil & gas valves market.

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Rising Energy Need and Multiple Oil and Gas Projects in Pipeline Accelerate Market Growth in Developing Countries

Among all the regional markets, the oil & gas valves market in North America is estimated to account for over one-fourth of the global oil & gas valves market share throughout the forecast period, due to continuous advancements in the North American oil & gas and shale industry.

With a booming oil & gas industry in the Western Africa and Northern African countries, the oil & gas valves market in the Middle East & Africa is estimated to record the second-largest market share throughout the forecast period.

The oil & gas valves market in China, India, and Brazil are estimated to be emerging markets due to the growing energy needs, new oil & gas projects, improved economic conditions, and continuous industrialization and urbanization in these countries.

The oil & gas industry is extremely competitive, due to the high presence of established market players. This, in turn, makes the oil & gas valves market fairly fragmented. Leading market players in the oil & gas valves market are very well-established across all the regional markets.

Key vendors in the oil & gas valves market must focus on investing in research and development-related projects, particularly in emerging markets such as China, Brazil, and India.

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Oil & Gas Valves Market By Category

By Product Type :

• Gates
• Globes
• Balls
• Butterflies
• Checks
• PRVs
• Others

By Size :

• 0.25 to 8 inches
• 8 to 20 inches
• Above 20 inches

By Body Material :

• Cast
• Forged

By Application :

• Upstream
• Midstream
• Downstream

Region :

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

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About Us

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 Electric Motor Market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021, while the AC Motors segment was up 5.1% to 837 million units.

The residential appliances segment, which primarily uses low power capacity motors, is expected to boost electric motor demand. Historically, the electric motor market has been regarded as a high volume-high value market.

Electric motors consume 40% of total energy used in industries, according to Energy Association estimates. Instead, emphasis should be placed on promoting the use of high-efficiency motors.

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Demand for alternating current (AC) electric motors has been steadily increasing. This can be attributed to operating advantage linked with it, its prime advantage is its speed torque characteristics which has raised the application for electric motors in various end uses, owing to which the AC electric motors has secured a prominent share in the global Electric motors market.

The growing requirement for pumping application from agriculture, water treatment plants, oil & gas sector and other industries is expected to drive the electric motors market in the forecast period. Increasing number of players are focusing on research and development related to electric motors, which is anticipated to contribute towards market growth in the years to come.

The electric motors market however registered moderate decline in its sales volume in FY2020 due to the unforeseen COVID-19 pandemic. Demand from major end-use industries like automotive, oil & gas, and other waned. Contrary to this, sections of medical sector were not affected due to increase in demand amid the adoption of COVID-19 precautionary measures.

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Key Takeaways from Electric Motors Market Study

• Power output electric motors are projected to hold over 80% volume share of the global market in 2021, owing to robust demand for various applications.
• The AC Electric motors are set to hold over 71.6% of the market share on value basis by the end of forecast period.
• East Asia will remain a primary market, backed by rising demand from the automotive & residential sector. It is expected to account for over 22.7% of the demand registered in globally in 2021.
• Electric motors for robotics application set to surge at CAGR of approximately 5.9% over the coming decade.
• The U.K. is emerging as a key market in Europe, with a valuation of over US$ 5.4 Bn in 2021, and anticipated to grow with 5.4% CAGR in the forecast period.

“The electric Motors market is anticipated to grow at a strong pace driven largely by increasing demand for innovative and energy-efficient products across industries. Raising automation and digitalization in various end-use sectors are key factors fuelling the demand for electric motors. Industry participants are investing in expansions, strategic alliances, and cost effective solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Competitive Analysis:

The electric motors market is highly competitive with more than 1,000+ players consisting of tier-1, tier-2 and local based vendors across the region, key players accounting for around 20-30% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to General Electric, Robert Bosch GmbH, Hitachi, Ltd., Nidec Corporation, WEG S.A., Siemens AG, ABB Group, Regal Beloit Corporation, Toshiba Corporation, Johnson Electric, Hyosung Corporation, Schneider Electric SE, Bonfiglioli Riduttori S.p.A., Kirloskar Electric Company Ltd., Allied Motion Technologies Inc., East West Manufacturing, LLC, Hyundai Electric Co. Ltd.

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Electric Motor Market by Category

Power Output:

• <1HP
• 1-5HP
• 5 – 10 HP
• 10 -20 HP
• 20 – 50 HP
• 50 – 100HP
• 100 – 300 HP
• 300 – 500HP
• Above 500HP

Product Type:

• AC Motor
  • Induction Motor
  • Synchronous Motor
• DC Motor
  • Brushed DC
  • Brushless DC

By Application:

• Pumps
• Fans
• Drives
• Compressor
• General Machinery
• Centrifugal Machinery
• Grinders
• Extruders
• Robotics
• Others

By End Use:

• Industrial
  • Oil & Gas
  • Power Generation
  • Mining
  • Food & Beverages
  • Pulp & Paper
  • Chemicals
  • Air Separation Plant
  • Other Manufacturing
• Residential
• HVAC & Refrigeration
• Medical
• Municipal Water Treatment
• Transportation
  • Automotive
  • Aviation
  • Electric vehicles
  • Railways
  • Boats
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• 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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The global industrial vacuum cleaners market is estimated at US$ 569.1 Mn by 2022 and is expected to reach US$ 771.2 Mn by 2028, at a CAGR of 5.2% from 2022 to 2028.

Currently, 20% of the world’s vacuum cleaner market is made up of sales of industrial vacuum cleaners. Over the assessment period of 2022 to 2028, pneumatic industrial vacuum cleaners are anticipated to account for about 50% of the market’s revenue.

In its recently published report on the global industrial vacuum cleaners market, Future Market Insights (FMI), a multinational market intelligence company, provides a thorough analysis of the demand-supply landscape in addition to some significant, immediately applicable insights into the category pricing analysis.

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Growing global concern towards occupational safety and health combined with stringency in regulations ensuring the same are the two critical factors likely to push industrial vacuum cleaners sales in the next few years. Although, the global industrial vacuum cleaners market is expected to expand at a steady growth rate of approximately 5.1 percent in 2019, it is estimated that post 2023.

The global industrial vacuum cleaners market may witness steep fall considering growing overall procurement expenditure arising from import tariff duties on raw materials. In terms of volume sales, approximately 90,800 Units are likely to be shipped in 2019, representing a relatively moderate CAGR during 2022-2028—the timeline considered in the scope of the study.

While, food & beverage and pharmaceutical industries will remain the two prominent large-scale end-users of industrial vacuum cleaners, demand in construction, metal working, and automotive industries will also grow at a significant rate, in the coming years. Applications of industrial vacuum cleaners in automotive segment are estimated to grow owing to strong demand from Asia Pacific region, as per the report.

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Sales May Suffer from Fluctuating Raw Materials Prices

“FMI perceives increasing prices of raw materials such as aluminum and steel as a critical market growth restrainer. Several end-use industries, specifically in developing markets are still dependent on manual cleaning equipment. The estimated cost breakdown of an industrial vacuum cleaner by components indicates that the electric or pneumatic system parts of the operation remains the highest, accounting for approximately 24 percent of the total cost of the product. The high price associated with industrial vacuum cleaners slows down the sales of the equipment. Since, utilization of industrial vacuum cleaners is based on the degree of customization incorporated in the equipment, small and medium industries prefer adopting manual cleaning equipment versus industrial vacuum cleaners”, Senior Analyst, Future Market Insights. In addition, the low adoption of industrial vacuum cleaner is mainly attributed to lack of awareness among consumers related to improper disposal of waste generated and high initial cost of the products.

Stringency in Workplace Safety Regulations to Drive Demand

Several workplace regulations demand the installation of industrial vacuum cleaners for a variety of applications—ranging from heavy blast materials, grain handling, pit cleaning to combustible dust collecting. The demand for industrial vacuum cleaners is anticipated to increase given that most deaths and injuries occur in confined work spaces, during cleaning, maintenance, and inspection procedures, as recorded by Occupational Health and Safety Administration (OSHA). In addition, in compliance with grades of dust classes, companies in the industrial vacuum cleaners landscape are manufacturing products with higher suction capabilities and improved filter designs.

Design and Technological Innovations to Drive Sales; APEJ to Offer Installation Opportunities

• Several industrial vacuum cleaners manufacturers are focusing on developing innovative products—in terms of capacity and capability. Ranging from super-sized robot industrial vacuum cleaners for airports, equipped with large-capacity canisters along with multi-brushes and motors to ‘smarter’ variants having cameras and obstacle-detecting sensitive bumpers and sensors using LIDAR (Light Detection and Ranging) and Simultaneous Localization and Mapping (SLAM) technology for effective location tracking—such advancements are predicted to increase the adoption of industrial vacuum cleaners in the coming years.
• Adoption rate of industrial vacuum cleaners is anticipated to remain promising in emerging markets of APEJ, considering shifting of production sites to low-cost facilities. APEJ will remain the most preferred center for global companies to set up manufacturing facilities, translating into faster replacement of manual cleaning equipment. GCC countries, on the other hand, are projected to restrict dependence on oil by equipping the cleaning equipment with IoT sensors.

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Insights from Segmental Analysis

• Based on the current market scenario, canister-type industrial vacuum cleaners will dominate the landscape, with approximately 55 percent market share. Better maneuverability combined with superior capacity and efficiency compared to upright and backpack makes canister-type industrial vacuum cleaners extremely versatile and capable of cleaning numerous surfaces. However, FMI foresees growing demand for the other two variants, specifically in smaller work areas.
• On the basis of mode of operation, although Electric industrial vacuum cleaners will dominate in terms of value and volume sales, with approximately 78 percent market share, Pneumatic mode type is anticipated to represent a promising demand landscape in the coming years, given its simplistic designs and higher efficiency compared to electric variants.
• Portable industrial vacuum cleaners, by system type, will remain at the forefront due to it suitability in tight spaces, versus stationary systems.
• Application of industrial vacuum cleaners for heavy duty cleaning processes will generate maximum revenue, specifically in extensive food & beverage and pharmaceutical applications. Explosion proof segment is estimated to capture around one-third of the total market value by 2028-end.

Competitive Landscape Analysis: In a nutshell, key focus remain on consolidation efforts in the highly competitive industrial vacuum cleaners market, as small and medium sized manufacturers dominate the landscape.

• Tier-1 companies, such as Alfred Kärcher GmbH & Co. KG, Nilfisk, Inc., TTI Floor Care North America, and DELFIN are expected to hold a relatively larger market revenue slice, given the expansive product portfolio and efficient distribution channels.
• Tier-2 companies, on the other hand, hold approximately 33 percent market share, showing string dominance over regional markets. Such companies include, Numatic International Ltd., G. Staehle GmbH u. Co. KG, and Ghibli & Wirbel SpA, among others.
• Key manufactures of industrial vacuum cleaners are projected to focus on price reduction, wider product offering, and long-term distribution partnerships for a stronger local presence.
• Considering substantial revenue opportunities in China, India, and SEAP, manufacturers are likely to aggressively push product in these markets through well-structured and efficient supply chain along with improved retailing network.

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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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Future Market Research’s new market research report titled, ‘Carbon Brush Market: Global Industry Analysis 2014–2018 and Market Forecast 2019–2029′, scrutinizes the carbon brush market, and offers critical insights for the forecast period between 2019 and 2029. As per the report, the global carbon brush market is projected to observe remarkable growth during the forecast period, owing to the aspects such as rising demand from industrial applications, automotive, and electrical hand tools.

The market for the global carbon brush market was valued at over US$ 2,500 Mn in the year 2018, and is expected to expand at a CAGR of nearly 4% during the forecast period of 2019 to 2029.

Increasing production is sectors such as industrial applications, automotive, electrical goods, household appliances, energy, and healthcare, among others, has resulted in a drastic growth in the demand for carbon brushes, which are used to conduct electrical current between the stationary and rotating parts of a motor. This describes the anticipated growth of the carbon brush market during the forecast period.

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East Asia Projected to Offer Noteworthy Growth Opportunities to the Carbon Brush Market Players

The global carbon brush market is considerably consolidated, with the top 4 players accounting for around one-fourth share of the overall market. Apart from these 4 players, there are few players in the market that have established themselves at domestic and as well as global levels. Subsequently, market players involved in the carbon brush market are poised to expand into lucrative regions, and are also expending their manufacturing facilities to cater to the ever-growing demand.

In the global carbon brush market, East Asia is expected to be a prominent region throughout the forecast period, because of the increasing production and consumption of carbon brushes in China. Beside East Asia, North America, including countries such as the U.S. and Canada, is also anticipated to be a lucrative region for the carbon brush market. The increasing consumption of electrical appliances, industrialization, and surge in automobile sales are some of the cited factors driving the growth of the carbon brush market in East Asia.

Motor Segment, by Application Type, and Industrial Application Segment, by End-Use Industry, to Remain Prominent Over the Forecast Period,

Based on product type, the electro graphite segment is expected to remain a dominant segment in the forthcoming years, accounting for a protruding share in the global carbon brush market throughout the forecast period. In terms of the growth rate, the electro graphite segment is considered to project relatively higher growth in the coming years. On the basis of application, the motor segment is estimated to account for nearly one-third of the market size, owing to their vast applications in various end-use verticals. Based on sales channel, the aftermarket segment is estimated to account for nearly two-third of the market size throughout the forecast period.

Carbon brushes have significant applications in various end-use industries such as automotive, electrical hand tools, industrial applications, household appliances, security and defence, petrochemicals, energy, and healthcare, among others. The industrial applications segment is projected to be one of the prominent end-use industry segments in the carbon brush market, and is expected to account for more than one-third of the total carbon brush market throughout the forecast period. Besides industrial applications, carbon brushes also find important application in the automotive industry, which is also expected to create significant revenue for the global carbon brush market.

Carbon Brush Market – Key Research Findings

1. Global carbon brush market size in 2018 – Nearly US$ 2,500 Mn
2. The carbon brush market is expected to grow at a CAGR of nearly 4% over 2019-2029.
3. East Asia and North America are expected to remain prominent regional markets in the carbon brush market.
   • East Asia and North America are the leading regions in the carbon brush market, owing to the increasing adoption of carbon brush products for motors and increasing industrial applications for the development of carbon brush products for different applications.
4. Distribution and marketing synergies between companies expected to exploit carbon brush market growth prospects.
   • Major players in the carbon brush market, such as Morgan Advanced Materials, Mersen SA, Robert Bosch GmbH, Schunk GmbH, etc., are employing synergistic methods of product co-marketing and co-promotion, by teaming up with other companies.
   • The synergistic partnerships between actively operating companies are proven to pose an instant growth impact on the carbon brush industry, when compared to that held by strategic acquisitions and mergers.
   • In October 2018, Schunk GmBH laid the foundation of its new production facility in Heuchelheim. It invested approximately 30 million Euros in the project.
5. Electro graphite is expected to remain a highly preferred product type in the carbon brush market.
   • The demand growth of electro graphite can be primarily attributed to the growth of the global motor market.
   • Some of the factors such as cost effectiveness and rising awareness about the benefits of carbon brush procedures are expected to propel the growth of the carbon brush market.

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CARBON BRUSH MARKET TAXONOMY

The global Carbon Brush market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product Type

• General Graphite
• Metal Graphite
• Carbon Graphite
• Electro Graphite
• Silver Graphite
• Resin- Bonded Graphite
• Others (impregnated)

By Application

• Motor
• Generator & Alternator
• Current & Signal transmission
• Grounding Devices
• Others

By Sales Channel

• OEM
• Aftermarket

By End Use

• Automotive
• Electrical Hand Tools
• Industrial Application
• Household Appliances
• Security & Defense
• Petrochemical
• Energy
• Healthcare

By Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA

Carbon Brush Market: Vendor Insights

The report highlights some of the market players that are prominent and are leaders in the global carbon brush market. Some of the examples of the key players in this market are

• Morgan Advanced Materials, Mersen SA, Robert Bosch GmBH, Schunk GmBH, Toyo Tanso Co., Ltd, Pelican Carbon Brush Pvt. Ltd, Helwig Carbon Products Inc., Aupac Co., Ltd, Assam Carbon Products Limited, Naeem Carbon & Industrial Products LLP, Phynyx Industrial Products Pvt. Ltd, and National Carbon Brush Products, among other players.

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About Us

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 mobile cranes market share is predicted to grow at a moderate CAGR of 6% during the forecast period covering 2022 to 2032. The mobile cranes market share is estimated to reach a value of nearly US$ 27.2 Billion by 2032 expanding from a total worth of US$ 15.2 Billion in 2022.

Future Market Insights, an ESOMAR-certified company, has updated its “Mobile Cranes Market” study, recalibrating prior results and predicting the effect of COVID-19. Globally, the sale of mobile cranes is rising, in line with more general trends in the heavy equipment industry. Long-term prospects are still promising, but the cyclical nature of the construction industry is still having an effect on new sales.

According to the study, mobile crane sales in 2021 will be heavily reliant on construction, shipping, and oil and gas recovery. Due to vaccination campaigns and the belief that China and India will prevent a second pandemic wave, expectations for a recovery in 2021 have risen. According to FMI’s survey of manufacturers and stakeholders, the pandemic-related slowdown will require a long road to recovery.

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China Remains a Key Market for Mobile Crane Manufacturers

Early recovery and lowering fears of a second wave have given China an edge over US and Europe in terms of COVID-19 economic recovery. Further, the government in China is heavily investing in road and infra projects, which has led to a spike in heavy equipment machinery.

According to FMI’s analysis, mobile crane manufacturers are looking to strengthen their position in APAC to offset the weakness in US and Europe. China, along with India are likely to see heightened activity from market players during the next decade.

Asia Pacific is the fastest-growing infrastructure market, driven by increasing government expenditures on different projects in China and India, as both the countries have depended on infrastructure to boost the economy and create jobs.

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Key Takeaways from Study

• Crawler cranes continue to be a top-selling category
• All terrain mobile cranes to emerge lucrative in terms
• Recovery in construction sector key to growth in
• APEJ (Asia Pacific Excluding Japan) to exhibit fastest growth rate through 2031 with its epicenters in China & India
• The United States to hold the major share in the North America mobile cranes industry
• Germany to maintain its lead in the mobile cranes industry of Europe
• The United Kingdom, Canada, Japan, France, and a few others to maintain positive outlooks for mobile cranes industry

“While increase in requirement from residential, commercial, and industrial construction sectors is spurring the growth of mobile crane manufacturers, availability of new products with wider variety is driving more potential buyers to this industry. This in turn is creating unlimited new opportunities for stakeholders in mobile cranes market,” says an FMI analyst.

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Oil & Gas Industry will Provide Long-term Momentum

Oil & gas industry being a dominant end-use industry of mobile cranes, will be key to mobile crane sales in the long-term. According to the report titled “Oil 2020- Analysis” published by the International Energy Agency (IEA) on March, 2020, the global oil demand is expected to rise by a total of 5.7 mb/d, with China and India accounting for about half of growth.

As stated in the report, the world’s oil production capacity is expected to rise by 5.9 mb/d, while Non-OPEC supply will rise by 4.5 mb/d, and OPEC will build another 1.4 mb/d of crude and natural gas liquids capacity. These figures reveal the high potential of the mobile cranes industry.

Who is Winning in this Space?

The global mobile cranes market is extremely competitive in nature. As key market players are focusing on increasing their sales footprint further, they are coming up with wide variety of products.

For instance,

• Liebherr Group launched its new LTM 1150-5.3 Wheeled Mobile Telescopic Crane in 2020
• Terex Corporation announced selling of its Demag® Mobile Cranes Business in order to increase their profitability in 2019, while they launched new range of products such as TEREX® Rough Terrain Cranes, TEREX® Tower Cranes, and others

Key Segments

By Product:

• Truck Mounted Crane
• Trailer Mounted Crane
• Crawler Crane
• Others

By Application:

• Construction
• Industrial
• Utility
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• 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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By the end of 2022, the global for telehandlers market is expected to have grown by 4.7% annually, reaching a value of about US$ 4,210.6 Mn. The demand for telehandlers in infrastructure and construction development projects is increasing. Telehandlers are used by customers in the manufacturing, mineral processing, and mining industries. They have a wide range of applications and the ability to hold a variety of attachments.

The need to shorten the time required for maintaining industrial machinery like overhead cranes is driven by the growing automation of industries. The market for telehandlers expands as a result. Between 2022 and 2030, there is expected to be a significant value CAGR of 5.1% in the global telehandlers market.

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The employment of telehandlers in material handling space with their versatility and safe technology is driving global sales, according to a new report by Future Market Insights (FMI). Telehandlers have developed from a conventional landscaping and farming machinery to a much more sophisticated construction equipment. Telehandlers manufacturers invest heavily in R&D to develop and incorporate changes in their product line.

While the US and European countries have been the early adopters of telehandlers, future growth will be reliant on demand from China, India, Brazil, GCC, and countries where mega projects are coming up.

Given their multipurpose features that enables them to perform the tasks of cranes, loaders, and access equipment in several industries, telehandlers are set to be the first machinery that can be deployed at operation sites for material handling without prior ground preparation.

Tech-driven performance and dependence in tandem with total cost of ownership (TCO) possess better value of money over long run.

End-users, seeking customized solutions at slightly higher price, will find value addition in telehandlers as overall machine expense and its utilization in projects will justify customers’ initial investment in the machinery.

Key Takeaways of Telehandlers Market Study

1. Worldwide sales of telehandlers to surpass US$ 6 Bn in 2030
2. Manufacturers to reap substantial gains from telehandlers having maximum lift height of 30′-60′
3. ‘Electrification’ and ‘lightweighting’ to emerge as disruptive forces in global market
4. The US and Europe remain the most lucrative markets

“Telehandlers are equipped with an array of attachments including, jib and crane, pallet fork, tire handlers, and re-handling multi-purpose buckets, and these attachments are transforming continuously as the cab continues to explore potential application avenues,” says analyst at FMI.

Telehandlers Market – Competitive Intelligence

Top Key Players covered in the report

Danfoss, Terex Corporation (Genie), Haulotte Group, Oshkosh Corporation (JLG Industries, Inc.), Linamar Corporation, Manitou BF, J C Bamford Excavators Ltd., MAGNI Telescopic Handlers Srl, Doosan Bobcat, CLAAS KGaA mbH, Wacker Neuson SE, Xtreme Manufacturing Llc

The global telehandlers market is highly consolidated with prominent players capturing about two-fifths of overall market value. Manufacturers are developing telehandlers armed with new features in an effort to lock in customers and achieve economies of scale. For instance,

JCB has rolled out its new telehandlers – Hydraload 555-210R – with rotating telescopic handler. The machine comes with maximum lifting height of 20.5 m and maximum lift capacity of 5.5 tons

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Xtreme Manufacturing has introduced telehandlers that exhibit 17,000-pound capacity. The telehandlers are armed with the company’s novel modular cab design that allows them to be simply switched from open to enclosed, or vice versa, with an optional gear. This offers customers with enhanced flexibility while running telehandlers in several environments

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage/Taxonomy

2.2. Market Definition/Scope/Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Strategic Promotional Strategies

5. Global Telehandlers Market Demand Analysis 2015-2021 and Forecast, 2022-2030

5.1. Historical Market Volume (Mn Units) Analysis, 2015-2021

5.2. Current and Future Market Volume (Mn Units) Projections, 2022-2030

5.3. Y-o-Y Growth Trend Analysis

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About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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Dubai
United Arab Emirates
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The global poultry keeping machinery market is set to be valued at around US$ 5.09 Bn in 2022, registering Y-o-Y growth of 3.2%. The market is projected to increase at a CAGR of 3.6% and attain a valuation of US$ 6.54 Bn by 2028.

The study primarily credits rising poultry meat consumption with the market for poultry keeping equipment’s promising future. The study found that areas like Latin America, Asia Pacific outside of Japan, and North America have significant growth potential for the poultry keeping machinery market.

The newest market research study by Future Market Insights on poultry keeping machinery finds that the market was valued nearly at US$ 4.5 Bn in 2021, and is projected to grow by ~3% CAGR during the forecast period of 2022-2029.

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Significant product innovation over the next decade with advanced technologies meeting regulations and animal welfare norms are expected to emerge as a product differentiator for the market. Automation of agricultural and farm equipment and demand for advanced and cost-effective poultry keeping machinery from new poultry farms have increased significantly.

Growing demand for progressive products is imposing pressure on the manufacturers to deliver technologically-advanced and unique product offerings, finds FMI. Thus, technological advancements have led to noteworthy investment in research & development by equipment manufacturers. Manufacturers in the poultry keeping machinery market focus on developing unique patented technologies, which act as product differentiators and help them earn a competitive edge.

From an investment viewpoint, birds such as turkey, ducks and broilers have high economic value as they adapt easily to any environment. They can be used for meat within eight weeks, and thereby, with expected increase in consumption, significant upsurge in investment in the poultry sector is expected, particularly in developing countries, countries in the Middle East Africa such as Iran and Tunisia.

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APEJ Region to Provide Noteworthy Growth Opportunities for Manufacturers

With ongoing technological advancements and progression in agricultural and farm equipment over the years, automation is anticipated to emerge as the future of the poultry keeping machinery market in growing economies in the APEJ Region. Poultry keeping machinery manufacturers are focusing more on improving their market structures and offerings in the region.

For the global poultry keeping machinery market, the APEJ region is projected to be a prominent region throughout the forecast period owing to the increasing consumption and production of poultry keeping machinery in China and India, along with North America, Latin America, Western Europe, and Eastern Europe. The growing focus on animal welfare worldwide has inclined consumer focus on the methods adopted in the production of the food produced from the farm.

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Broiler Harvesting and Slaughtering Equipment to Remain Prominent Poultry Keeping Machinery

The division of the global poultry keeping machinery market has been done on the basis of product type, along with seven regions.

• Based on product, poultry keeping machinery is commonly used in broiler harvesting and slaughtering, which is expected to contribute to the growth of the market in the coming years. It is anticipated to play a prominent role in the global poultry keeping machinery market throughout the forecast period. The other types of poultry keeping machinery such as vaccination, flooring, scales, nest, and cages, are also considered to project relatively high growth in the upcoming years.
• Drinking and feeding poultry keeping machinery also have noteworthy benefits due to their reduced microbial load and improvement in feeding pellets to the farm animals. This will improve the growth performance through feed intake, which will result in weight gain. This feed conversion ratio will lead to healthy protein gain.

Poultry Keeping Machinery Market: Vendor Insights

The global poultry keeping machinery report emphasizes on some of the principal industry players in the global poultry keeping machinery market. Some of the examples of the key players in the market are Valco Companies, Inc., Jansen Poultry Equipment, Vencomatic Group, Big Dutchman International GmbH, TEXHA PA LLC, Petersime NV, Hartmann Lebensmitteltechnik Anlagenbau GmbH, and HAMex-GmbH, among others.

About Us:

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:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Latest Report: https://www.futuremarketinsights.com/reports/
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