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Bulk terminals play instrumental role in industrial infrastructure, wherein they ensure safe and efficient movement of critical resources. Despite current downturns in global seaborne trade due to COVID-19 pandemic, the global minor bulk trade has expanded considerably. Analysts at Future Market Insights (FMI) have estimated that global minor bulk traded has expanded up to 1.74 billion tons.

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The global fiber cement market is expected to reach a value of US$ 26,970.3 Mn in 2032, with the market growing at an average CAGR of 4.7% during the forecast period of 2022 to 2032. In 2022, the fiber cement market is likely to reach an estimated US$ 17,038 Mn; pushed to grow by the escalating need to control carbon emissions from the construction and building sector.

Owing to its distinctive physical characteristics like durability and high strength, fiber cement is one of the most popular and essential composite materials. It is used in the manufacture of facade and roofing goods. A vital part of building and construction materials industry, fiber cement gains large-scale usage in both interior and exterior applications like siding, cladding, and roofing, molding and trimming.

The material contains all the necessary physical and chemical qualities to endure the negative impact of weather, temperature, and humidity. In addition to this, fiber cement has superior performance and other advantages over traditional cement such as low maintenance, resistance to warping, sagging and fireproof capabilities. All of these factors promote a positive environment of growth for the fiber cement market during the projected period.

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Because of such unique and beneficial properties, many players in the construction and building industry are more and more inclined to use fibre cement over traditional building & construction materials such as wood and vinyl. This will further stimulate the target market and generate greater sales opportunities for partakers in the international fiber cement market.

“The growing need to limit carbon footprints coupled with heightened demand from the construction sector is expected to bolster the market growth of the fiber cement industry over the forecast period,” says an FMI analyst.  

Key Takeaways:

• Rising popularity and easy availability of cost-effective asbestos-based products may hamper the market growth.
• In 2022, North America is expected to account for 14.5% of the overall market share.
• Europe will likely acquire 19.6% of the total market share by the end of 2022.
• Driven by expanding construction sector, Asia Pacific to account for 12% of the market share.
• By application, the siding sector is expected to register high demand.
• In terms of raw material, portland cement is predicted to dominate the market.

Competitive Landscape 

Dow Chemical Company, Hardie (James) Industries plc, Imerys SA, Elementia SA de CV, Building Materials Corporation of America, PPG Industries Incorporated, Akzo Nobel NV, Canfor Corporation, Ecolab Incorporated, Central Fiber LLC, Mercer International Incorporated and US Silica Holdings Incorporated., among others are some of the major players in the fiber cement market that are profiled in the full version of the report.

Leading market players are concentrating on expanding their business by deploying strategic mergers and acquisitions. These enterprises are engaging in agreements, collaborations and partnerships to expand their product portfolios.

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More Insights into Fiber Cement Market Report

In its latest report, FMI offers an unbiased analysis of the global fiber cement market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of raw material (silica, portland cement, cellulosic fiber, others), end user (residential, non-residential), application (cladding, siding, backer boards, molding and trimming, roofing, wall partitions, others), and region.

According to the latest FMI reports, based on region, the fiber cement market in North America is predicted to thrive during the forecast period. In 2022, the region is expected to account for 14.5% of the overall market share. The growing residential construction projects such as new house constructions, single-family dwellings, and others are propelling the market growth in this region.

The fiber cement market in Europe is expected to acquire 19.6% of the market share in 2022 and is likely to continue its growth over the forecast period. The construction industry in major European countries, especially Germany is responsible for the regional growth of the fiber cement industry. Apart from North America and Europe, Asia Pacific is also expected to undergo tremendous growth during the forecast period, holding about 12% of the market share. The expanding construction and building sector in countries like India and China are accountable for this growth.

Based on segmentation, the high demand for siding segment will lead to market domination of the segment in terms of application while, based on raw material, the portland cement is likely to lead the market during the forecast period.

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Key Segments Profiled in the Fiber Cement Industry Survey

Fiber Cement Market by Raw Materials:

• Silica
• Portland Cement
• Cellulosic Fiber
• Others

Fiber Cement Market by End User:

• Residential
• Non-Residential

Fiber Cement Market by Application:

• Cladding
• Siding
• Backer Boards
• Molding and Trimming
• Roofing
• Wall Partitions

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The market for environmental remediation technology is anticipated to reach a value of US$ 739,421 Million in 2022. Between 2022 and 2032, the market for environmental remediation technology is anticipated to expand at a 6.3% CAGR. Furthermore, it is predicted that by 2032, the market will be worth US$ 1,362,148.4 billion.

Environmental remediation is the process of cleaning up contaminated environmental media, such as soil, groundwater, sediment, or surface water, which has a negative impact on the nearby biological life.

Key Players in the Industry provide variegated range of services, which not only include remediation technology, but also equipment, materials, reagents, and sales and rental services. Furthermore, remediation activities are carried out on contract basis, and revenues are generated by selling the entire service.

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Environmental Remediation Market: Drivers and Restraints

The global Environmental Remediation marketis projected to grow at a high growth rate, amid, rising environmental regulations regarding environmental protection and growing pollution. Stringent government regulations posed on oil and gas, and mining companies is further driving growth in the environmental remediation market. Rising safety norms related to ground water and soil has bought many new sites to notice, which are now considered contaminated, thus further fuelling revenues towards environmental remediation companies. Environmental remediation activities which incorporates oil or refined oil spillage, are also integrating activities to sell recovered products, thus generating further revenues in the Global Environmental Remediation Market.

Environmental Remediation Market: Region Wise Outlook

The global Environmental Remediation Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). North America and Western Europe accounts for more than 80% of the Global Environmental Remediation Market revenues, amid, stringent environmental regulations and a large number of environmental protection agencies in the region. Japan is also considered as a prominent market for companies in the Environmental Remediation landscape. With rapid industrialization and fast developing oil and gas industry of China, demand in the APEJ region is also anticipated to rise over the forecast period

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Environmental Remediation Market: Key Players

• Bristol Industries, LLC.
• MWH Global, Inc.
• Tarmac International, Inc.
• Sequoia Environmental Remediation Inc.
• Environmental Remediation Resources Pty Ltd.
• Entact LLC
• GEO Inc
• ERSI
• Newterra Ltd.
• Golder Associates Corporation
• Clean Harbors, Inc.

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 geography, technology and applications.

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Environmental Remediation Market: Segmentation

On the basis of Application area,

• Oil and Gas
• Mining and Forestry
• Waste Disposal Sites
• Agriculture
• Automotive
• Others

On the basis of technology type,

• Thermal desorption
• Excavation or dredging
• Surfactant enhanced aquifer remediation (SEAR)
• Pump and treat
• Solidification and stabilization
• In situ oxidation
• Soil vapor extraction
• Bioremediation
• Nonoremediation

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The global pneumatic actuator market is set to ascend at over 5% CAGR through 2031. Requirement for pneumatic actuators grew exponentially over the past years with the surge in application across various sectors such as industrial automation, transportation, and offshore, to name a few.

The recently revised edition of Future Market Insights’ (FMI) report on the ‘pneumatic actuator’ market study provides a thorough analysis of the global pneumatic actuator market potential, growth, and restraining factors, while emphasising new trends in leading regions such as North America, Europe, and Asia Pacific during the forecast period of 2021 to 2031.

According to the report, the United States, Germany, India, China, and a few other countries will emerge lucrative while 20+ countries will maintain a positive market outlook throughout the forecast period.

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How does Future Outlook on Pneumatic Actuator Market Compare with Historical Sales?
Sales of pneumatic actuators increased steadily over the past decade with the increase in demand for rack & pinion and scotch yoke type of pneumatic actuators. Advancements in the manufacturing sector and expansion of key application sectors such as mining, transportation, and others further propelled the growth, apart from a temporary decline in 2020.

According to FMI, the global pneumatic actuator market expanded at over 4% CAGR during the last 5 years from 2016 to 2020.

As the key application sectors are regaining traction and are getting over the effect of the pandemic, the demand for pneumatic actuators is subject to rising again creating ample opportunities for the key players.

Additionally, the surge in demand for double-acting type pneumatic actuators is further bolstering the growth of suppliers. According to FMI, the global pneumatic actuator market is set to ascend at over 5% CAGR through 2031.

According to a report, titled “Logistics & Transportation Industry” published by SelectUSA, the logistics & transportation industry is one of the highly progressive industries in the world. As stated in the report, the United States business logistics costs reached US$ 1.6 Trillion in 2018, representing 8% of the Gross Domestic Product (GDP) in that year, while the Foreign Direct Investment (FDI) in the industry totalled US$ 1.5 Billion. This gives a glimpse of the growing opportunities for pneumatic actuator manufacturers in the transportation sector.

Pneumatic Actuator Market Category-Wise Insights
Which Product Type is Dominating in the Pneumatic Actuator Industry?
Presently, the rack and pinion segment is leading in the global pneumatic actuator market and is expected to exhibit hegemony throughout the forecast period in terms of product type. This type of pneumatic actuator is highly preferred in the transportation sector as it provides with smooth driving experience by converting the rotational motion of the steering wheel into the linear motion needed to turn the wheels. Also, it provides the gear reduction which makes it easier to turn the wheels.

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It is extensively used in applications where an external force is not available to retract the piston or high force is required in both directions of travel.

Which Application Segment is Fuelling the Sales of Pneumatic Actuator?
Presently, the industrial automation segment is mostly fuelling the sales of pneumatic actuators in terms of application. Industrial automation is the use of various automated control systems such as robots, Artificial Intelligence, and others. With the technical and digital advancements, this sector is growing fast. This in turn is surging the demand for pneumatic actuators.

Other key segments in terms of application, which are augmenting the sales are transportation, mining offshore, and others.

Pneumatic Actuator Market Competitive Landscape
The global pneumatic actuators market is highly competitive and thriving on the revenues of the leading players. To capitalize on the new opportunities, key pneumatic actuator market players are launching quality products more frequently.

Pneumatic Actuator Market Segmentation by Category

Product Type:

• Rack and Pinion Pneumatic Actuator
• Scotch Yoke Pneumatic Actuator

Capacity:

• Light Duty Pneumatic Actuator
• Heavy Duty Pneumatic Actuator

Operation:

• Double Acting Type Pneumatic Actuator
• Spring Return Type Pneumatic Actuator

Application:

• Industrial Automation
• Transportation
• Mining
• Offshore
• Others

Region:

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

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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The global conveyor belt market is anticipated to reach a value of US$ 5,818.5 Mn in 2032, with sales growing at an average CAGR of 4.1% over the forecast period 2022 to 2032. Valued at an estimated US$ 3,893.20 Mn in 2022, the conveyor belt market is driven by the fast and efficient transportation of various heavy and bulky materials, particularly in the aerospace and industrial sector. The escalating adoption of these belts in the advancing power and mining industries will further contribute to the conveyor belt market during the forecast period.

Escalating activities of various industry verticals like manufacturing, power, and mining because of growing urbanization and industrialization, especially in emerging economies, will bolster the future prospect of the conveyor belt market. The application of these belts in different industries saves time, optimizes operations, and increases efficiency while transporting goods from one place to another. In addition to this, the development of new airports due to growing air traffic and rising need for smooth transfer of passenger luggage will further propel the conveyor belt market. Again, the application of conveyor belts in the food and beverage industry, construction and building sector because of the growing demand and consumption will contribute to the target market growth.

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With the incorporation of technological advancements into the conveyor belt system like the emergence of the green conveyor belt concept is expected to facilitate the market growth for the conveyor belt. Green conveyor belts are self-cleaning, prevent environmental pollution, and lessen the emission of harmful chemicals. The green conveyor belts are gaining more popularity amidst growing awareness of sustainability practices and environmental preservation. Along with healthy market possibilities, the conveyor belt market is faced with restraints like high initial investment and stringent regulations that may hamper the market growth over the forecast period.

“Increasing aerospace and industrial activities due to growing consumption and demand will likely supplement the market growth of conveyor belt over the forecast period,” says an FMI analyst.  

Key Takeaways:

• Application in multiple industry vertical boosts market expansion over the forecast period.
• Expensive periodic maintenance may stunt the market growth.
• North America to account for 20.3% of the total revenue share.
• Asia Pacific is predicted to offer lucrative market opportunities to the target product.
• Start-ups in the market will benefit from distribution and implementation benefits.

Competitive Landscape 

Bridgestone Corporation, QingDao Rubber Six Conveyor Belt Co. Ltd., Goodyear, ContiTech AG, Zhejiang Double, Siemens AG, TGW Logistics Group, Emerson Electric Co., Intelligrated, Daifuku Co. Ltd., Interroll Holding GmbH, Vanderlande Industries B.V., Taikisha Ltd., Fives, and Swisslog among others, are some of the major players in the conveyor belt market that are profiled in the full version of the report.

Major market players are concentrating on new product development and supplying the product to multiple industries. Technological integration into the product is a strategy employed by many businesses in the market to gain a competitive advantage.

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More Insights into the Conveyor Belt Market Report

In its latest report, FMI offers an unbiased analysis of the global conveyor belt market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on type (crescent, floor, overhead, pallet, roller), belt type (heavy-weight, medium-weight, lightweight), material (polymers, metals), installation (stationary, portable), end user (automotive, airport, retail, industrial, poultry & dairy, food & beverage), and region.

According to the latest FMI reports, based on region, the conveyor belt market in North America is expected to exhibit impressive growth over the forecast period. The region is expected to lead the market, accounting for 20.3% of the market revenue. The thriving food and beverage industry coupled with the opening up of numerous airports is fueling the regional market growth.

In the Asia Pacific region, the conveyor belt market is predicted to be offered several profitable opportunities. The swift expansion of airports and expanding steel, food, mining, and cement industries, specifically in countries like India and China will likely supplement the market growth over the forecast period.

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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Between 2022 and 2032, the global thermal interface materials market is anticipated to grow at a CAGR of 11.2%. The market will be worth USD 2.05 billion in 2022 and is expected to grow to USD 5.33 billion by 2032.

Thermal interface materials are usually inserted between two components or surfaces in order to improve the thermal coupling and heat flow between the two surfaces or components. Nowadays, electronic assemblers know the importance of thermal interface materials and use them in almost every application where heat flow is a critical part of operation.

These materials are used primarily due to the uneven, rough, and wavy surfaces of machined parts, which lead to few actual points of contact between the two joined components. These rough surfaces form air gaps when joined, resulting in insulation, and act as a thermal barriers for small scale power applications.

Thermal interface materials help eliminate air gaps and increase the heat conductance between the joined surfaces. These materials are available in several forms; however, their selection depends on several factors. Thermal conductivity is the primary selection criteria. Besides thermal conductivity, ease of usage during assembly, ability to rework, and long term stability are also important in selecting these materials for high-end applications.

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The electronics industry, especially in developing countries such as China and India, has been expanding rapidly, primarily due to the high domestic demand for electronic products. This can be ascribed to the growth in middle class population, rise in disposable income, favourable duty structures, and increase in government projects in developing countries. Mobile devices account for significant share of the electronics & semiconductor industry. The mobile devices industry in developing countries is driven by the rise in demand for mobile handsets, reduction in prices of these handsets, and decrease in voice and data tariffs.

Electrification of transportation vehicles is also an important factor boosting the global thermal interface materials market. Advancements in battery and fuel cell technologies along with power train systems have led to the introduction of highly efficient vehicles in the market. Incorporation of electric and electronic devices in vehicles has been rising consistently. Thus, thermal management has become a prominent feature for vehicle manufacturers.

Increase in demand for electric vehicles is also expected to be a key driver of the market. The electric vehicles industry in developed regions such as North America and Europe has been expanding significantly since the last few years. China has the largest electric vehicle industry across all the regions. Electric vehicles are also one of the major users of thermal interface materials. Growth in the electric vehicles industry is estimated to boost the market for thermal interface materials in the near future.

Global Thermal Interface Materials Market Key Players

Network Medical Products Ltd., Olympus, Lohmann & Rauscher, Meril Life Sciences Pvt Ltd., FABCO, Aegis Lifesciences, Summit Health, Smith & Nephew, Stryker Corporation, Medtronic plc.

Recent Developments in Global Thermal Interface Materials Market

• Lately, 3M stretched its operations in Clinton, Tennessee by investing around USD 470 million and adding around 600 new jobs by 2025 at its plant in Clinton, Tennessee.
• In 2022, Ray Techniques Ltd introduced an innovative technology for nanodiamonds manufacturing or laser ablation. The nanodiamonds obtained through this technology have high purity and homogeneity.
• Henkel AG & Co. KGaA launched a new TIM Bergquist Gap Filler TGF 7000. It is used for various applications, such as automotive ADAS systems, power conversion systems, electric pumps, and others. With this launch, the company strengthens its product portfolio in the TIMs market.

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Thermal Interface Materials Market by Segmentation

By Product Type:

• Tapes and films
• Elastomeric Pads
• Greases and adhesives
• Phase change materials
• Metal-Based
• Others

By Application Outlook:

• Telecom
• Computer
• Medical devices
• Industrial machinery
• Consumer durables
• Automotive electronics
• Others

By Region:

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

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The market for acetyls is expected to reach US$ 26,492.0 million in 2022 and grow at a modest CAGR of 5.1% over the course of the forecast period. By 2032, the market is projected to increase in size and reach US$ 43,565.4 million. In the recent years, a CAGR of 4.3% has been observed historically.

Acetyls or acyls are functional group organic compounds with the chemical formula CH3CO. The acetyl or acyl group contains a methyl group single-bonded to a carbonyl. The carbonyl center of an acyl compound has one non-bonded electron with which chemical bonds with alkyl groups are formed. Ethanoyl is the IUPAC name of acyl. Often known as the acetyl moiety, it is present in acetic acid, acetylcholine, acetyl-CoA, acetylcysteine, acetaminophen and acetylsalicylic acid. Acetylation is the chemical process of introduction of an acetyl group into a molecule. Acyls are used in the modification of histones and proteins.

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The acetyl groups of acetic acid, vinyl acetate and acetic anhydride are used as intermediates in a wide range of applications such as solvents to adhesives and water-based paints to cellulose acetate. The other applications of acetyls include pain-relieving pharmaceuticals, modified starches, emulsifiers, liquid crystal polymers and dyestuffs. The global acetyl market is projected to register above average CAGR in terms of value during the forecast period from 2016-2026. The global acetyl market is expected to be dominated by acetic acid product segment.

Acetyls Market: Region wise Overview

Geographically, global Acetyls market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, Middle East and Africa (MEA).Owing to the presence of large number of chemical industries in APEJ and Western Europe, the regions are expected to collectively hold a large share in the global market in terms of value during the forecast period. Also, the presence of several universities collaborations coupled with opportunities in scientific research of acetyls in the North America and Europe is expected to have positive impact on the regional markets. China is a major producer and consumer of acetic acid, and its production capacity is forecast to increase significantly through 2026. China is also the major exporter of acetic acid worldwide. New capacity installations in the MEA countries is expected to propel acetyl market growth in the region.

Acetyls Market:  Key Players

The key players in global acetyls market are BP p.l.c., Celanese Corporation, The Dow Chemical Company, Eastman Chemical Company, Wacker Chemie AG, LyondellBasell Industries Holdings B.V. to name a few.

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, accessories and applications.

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Acetyls Market: Segmentation

The global acetyls market is classified on the basis of product type, end user industry and region.

Based on product type, the global acetyls market is segmented into the following:

• Acetic Acid
• Acetic Anhydride
• Vinyl Acetate
• Ethylene Acetate
• Other Acetyls

Based on end-user industry, the global acetyls market is segmented into the following:

• Food & Beverages
• Oil & Gas
• Pharmaceutical
• Paints, Inks, Waxes & Coatings
• Furniture
• Other End User Industries

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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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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Over the forecast period of 2016 to 2026, the global Barcode Printers market is expected to grow at a CAGR of 7.4% in terms of sales, owing to factors affecting its end-use. Barcode printers are special printers that are used to produce barcodes and product labels. Barcode printers are distinct from typical printers in that they employ different consumables to create a barcode print image. These printers are built in such a way that they can produce clear, machine-readable barcode prints at quicker printing speeds and for a lower cost.

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A Barcode printer is defined as an electronic device designed specifically for the printing of barcodes. The working principle and build of a barcode printer are slightly different from computer printers as it uses ribbons and labels working in tandem to get a barcode printed. Barcode printers usually don’t have programmable logic controllers, but rely on an external computer system.

Growth in the manufacturing sector is reviving after the 2008 economic crisis. Automation and streamlining of manufacturing processes are being adopted by a large number of manufacturing companies worldwide to reduce time and material wastage, thereby improving efficiency and output. Barcoding is one such technique that is increasingly being adopted. This process has reduced production time considerably in the manufacturing process, thereby driving demand for barcode printers.

Barcodes have become the de facto standard for product information storing and labeling. Retailers worldwide use barcodes for the hassle-free recording of supplies and commodities and their sales to customers. Barcodes imprinted on labels are stuck to the products and they record information about the product count, date of manufacture, date supplied to the retailer, selling price, etc.

When these products are scanned, the information is retrieved and monitored. This entire process, which is achieved within a matter of seconds, not only increases efficiency but also minimizes errors. This has helped retailers record their products and inventory on shop floors and warehouses.

However, the threat of RFID tags as substitutes to barcode labels and the low compatibility of barcode printers with different operating systems act as restraints in the global barcode printer market.

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Segmentation highlights

The market is categorically divided into six segments based on printer type, printing technology, consumables, application, distribution channel, and region. The printer type segment of the barcode printers market includes Desktop Barcode Printer, Industrial Barcode Printer, Mobile Barcode printers and Others.

On the basis of printing technology, the market has been divided into Thermal Transfer, Direct Thermal, Dot Matrix, Laser and Ink Jet. On the basis of distribution channels, the market is segmented as Direct-to-End User, Direct-to-OEM, Dealer/Distributor, and Systems Integrator. On the basis of application, the market has been divided into industrial/manufacturing, transportation/logistics, retail, healthcare, government, and commercial services.

• The Industrial Barcode Printer segment holds the highest market share of 46.1% closely followed by the Desktop Barcode Printer in the Barcode Printers Market. The Industrial Barcode Printer segment is also expected to dominate in the forecast period with a CAGR of 8.3% due to a preference of sturdy and rugged barcode printers with higher productivity.
• Thermal Transfer segment holds the highest market share amongst all with 62.8% and is expected to improve further in the forecast period owing to very less cost involved, while Dot Matrix, Laser, and Ink Jet printing technologies are least preferred technologies and are on the verge of being phased out.
• Dealer/Distributor is the most preferred supply channel and is expected to dominate in the future due to higher distribution efficiency, low supply costs and faster delivery times.

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Regional projections

North America and Western Europe are the most promising regions for the market’s growth owing to higher preference of barcoding technology in different applications, while the market in the Latin America region is on a slow and stagnant growth due to low adoption of barcoding technology. The growth of the Barcode Printers market in APEJ region may also grow at a slower pace due to saturation and slow down of the manufacturing sector in China.

The Industrial Barcode Printer Segment Holds the Highest Market Share in the Global Barcode Printers Market

Desktop Barcode Printer, Industrial Barcode Printer, Mobile Barcode Printer, and Others are the several types of barcode printers available. In the Barcode Printers Market, the Industrial Barcode Printer category has the biggest market share of 46.1 percent, followed by Desktop Barcode Printer.

Due to a desire for strong and tough barcode printers with higher productivity, the Industrial Barcode Printer segment is predicted to dominate in the forecast period with a CAGR of 8.3%.

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The global power tools market size is expected to reach US$ 33.36 Bn in 2021. Increasing sales of cordless power tools will drive growth in the power tools’ demand by 5.1% CAGR between 2021 and 2031.

As per the latest Future Market Insights (FMI) analysis, demand for electric power tools and portable power tools will rise exponentially in the coming years. Soaring application in automotive, construction, aerospace, and other industries also will create demand for handheld and pneumatic power tools.

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The report also predicts power tools sales to make up nearly 7% to 8% of the global tooling industry.

The COVID-19 pandemic has severely affected the global economy. Resulting in manufacturing plants shutdowns, coupled with supply chain disruptions owing to nationwide lockdowns across the globe, subsequently resulting in the plunge in the power tools market growth. However, the market is expected to recover sharply as the economic activities resume post the containment of pandemic. Manufacturers are focusing on scaling up their production capabilities with improved production rate creating positive prospected for the power tools market growth.

Key Takeaways of Global Power tool Market Study

1. Power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
2. Overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
3. U.S. is expected to spearhead growth in North America, accounting for over 62% of overall share in the region in 2021
4. U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
5. Outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

Global Power tool Market Competitive Landscape

The global power tools market is highly competitive market owing to presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain competitive edge. Some of the leading manufacturers of power tool market are Robert Bosch GmbH, Stanley Black & Decker Inc., Makita Corporation, Techtronic Industries Company Limited, Koki Holding, Co., Ingersoll Rand Inc., Apex Tools, Hilti Corporation, Snap-on Incorporated, among others.

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Valuable Insights into Global Power Tools Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global power tools market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power tools market based on backing product type (drilling tools, fastening tool, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench, circular saw), technology (electric and pneumatic), application  (manufacturing, MRO services, DRO, construction), and sales channel (offline and online) across six regions (North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa).

Key Segments Covered in the Power Tools Industry Analysis

By Product Type:

• Drilling Tool
• Fastening Tool
• Heat Gun
• Angle Grinder
• Chain Saw
• Orbital Sander
• Jigsaw
• Impact Wrench
• Circular Saw

By Technology:

• Electric
  • Corded
  • Cordless
• Pneumatic

By Application:

• Manufacturing
  • Metal Fabrication
  • Automotive
  • Railways
  • Aerospace
  • Furniture
  • Others
• MRO Services
  • Facility Management
  • Automotive
  • Aerospace
  • Other Industrial
• DIY
• Construction

By Sales Channel:

• Online
• Offline

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• 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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Power tools continue to witness steady demand in Benelux, with 10 million units expected to be shipped in 2016, up from 9.8 million units in 2015 – a y-o-y growth rate of 2.5%. The Benelux power tools market was valued at US$ 826.4 million in 2015, and is expected to reach US$ 859.1 million in 2016. Industrial power tools will continue to outsell household power tools, and account for 57.6% revenue share of the market in 2016.

Demand for power tools will continue to be strong from the construction sector, as Benelux’s housing sector witnesses another year of relative stability. The real estate sector in Benelux wasn’t as severely impacted by the crash of 2007-08, as it did not participate in the ‘bubble’ preceding the crash.

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Growth of the Benelux power tools market will also be supported by rising adoption in the Union’s automotive sector. While availability of durable and cost-effective power tools will drive overall demand, the growing DIY trend will ramp up adoption in the consumer segment. Increasing penetration of Chinese products is also expected to play an important role in driving sales in 2016 and beyond.
On the basis of mode of operation, electric power tools will continue to remain the highest selling power tools, with 5.8 million units expected to be shipped in 2016, up from 5.7 million units in 2015. On the other hand, pneumatic power tools, also known as air tools, will continue to gain popularity among DIYers, owing to their compact size and relatively lower price.

Netherlands will continue to be the largest market for power tools in Benelux, with total volume expected to reach 5.5 million units in 2016. The Netherlands power tools market is expected to be worth US$ 470.0 million by 2016-end, witnessing a growth rate of 3.7% in 2016 over 2015. Belgium, the second largest market for power tools in Benelux, will witness total sales worth 359.2 million in 2016.

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Robert Bosch GmbH, Atlas Copco AB, and Makita Corporation are the key global players in the Benelux power tools market. The key strategy of these players is enhancing product portfolio by manufacturing convenient, high-performance and advanced technology equipment. Metabowerke GmbH, FERM B.V., and Einhell Germany AG are prominent local players in the Benelux power tools market. Strong distribution networks and low cost are the go-to strategies of these players to compete with global players operating in Benelux power tools market.

Long-term Outlook: FMI forecasts the Benelux power tools market to witness a moderate growth rate of 3.9% in terms of value during the forecast period (2016–2026). In terms of volume, the market is anticipated to increase at 2.2% during the forecast period, 2016-2026.
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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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