Bicycle Components Aftermarket projected to reach a valuation of US$ 28.3 Bn by 2032 | Future Market Insights

According to a recent report by Future Market Insights (FMI), the bicycle components aftermarket had a value of US$ 13.5 billion. Sales are anticipated to grow at a compound annual growth rate (CAGR) of 6.9% throughout the projection period, reaching a worth of US$ 28.3 Bn by 2032.

The rise in the number of people choosing bicycling as a leisure activity is expected to fuel sales and revenue. Bicycles are projected to emerge as a convenient method of exercise and transport. Dock less bicycle-sharing systems have also supported market developments.

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People are becoming increasingly aware about the importance of healthy lifestyles and exercise. As more individuals turn to biking as a regular fitness method, the demand for components is expected to expand.

The growing relevance of sports activities, celebrity endorsement, and international or national sporting events are increasing bicycle use. In addition, an increase in government programs in several nations aimed at increasing participation rates has aided growth in recent years.

Bicycle components will see a considerable increase in demand due to rising bicycle sales and the growing popularity of environment friendly e-bikes. Manufacturers are also being pressured by environmental regulations to develop associated tech improvements. Low-cost part production in Southeast Asia and the development of new transit corridors will create a conducive environment for growth.

Key Takeaways from Market Study

  • Electric bikes will account for over 24.2% by 2031 owing to the demand for emission-free, energy-efficient, and low-cost, transport options.
  • Road bicycles to account for over 55% of sales by 2031 owing to light weight characteristics and smoother gear shifting and better braking performance.
  • India is a major market in the South Asia and Pacific holding over 30% of value share, supported by a vast consumer base for low-cost transport.
  • China will hold more than 70% of the East Asia market by 2031, supported by demand in recreation and transport sectors, and the rising popularity of bike sharing programs.
  • The U.S. dominates North America with a share of 86.7% in 2021, with growing health awareness among buyers driving sales.

“Low-cost manufacturing in South-East Asia and Africa, in addition to new transit routes, are likely to boost the demand for bicycle components by improving logistics. Distributors in South Asia and Pacific and MEA are expected to adopt aggressive marketing strategies to gain competitive edge,” said an analyst at FMI.

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Key Market Segments Covered

Component Type:

  • Derailleurs
  • Road Groupsets
  • Suspensions
  • Wheel Sets
  • Brakes
  • Hydraulic
  • Mechanical
  • Caliper Type
  • Gears
  • Others (Bottom Brackets etc.)

Sales Channel:

  • Specialty Bicycle Retailers
  • Discount Stores
  • Department Stores
  • Full-line Sporting Goods Stores
  • Outdoor Specialty Stores
  • Other Sales Channel

Bicycle Type:

  • Mountain Bike
  • Hybrid/Cross
  • Road
  • Comfort
  • Youth
  • Cruiser
  • Recumbent/Tandem
  • Electric
  • Folding

Region:

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

Bicycle Components Market Competitive Landscape

Leading players in the bicycle component aftermarket are focused on keeping up with design improvements brought out by OEMs. Strategies to expand production capacity, while keeping production costs low remain important for industry participants.

Some the key players in the bicycle components market are Dorel Industries Inc., Accell Group N.V., Shimano Inc., SRAM LLC, Hero Cycles Limited, Campagnolo S.R.L., Merida Industry Co., Ltd., Specialized Bicycle Components, Rohloff AG, Giant Manufacturing Inc., and Avon Cycles Ltd.

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Key Points Covered in the Bicycle Components Aftermarket Study

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Bicycle Components Aftermarket and How to Navigate
  • Recommendation on Key Winning Strategies

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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Biomass Pellets Market to be US$ 19.4 Bn by 2032 | Future Market Insights

Future Market Insights’ new market research report titled, ‘Biomass Pellets Market: Global Industry Analysis 2017–2021 and Opportunity Assessment 2022–2032′, investigates the biomass pellets market, and provides critical insights for the forecast period 2022 to 2032. As per the findings of the report, the global biomass pellets market is projected to experience significant growth over the forecast period, because of multiple driving factors such as increasing utilization of biomass pellets in coal-fired boilers in industries, and also in commercial and domestic heating applications.

The global biomass pellets market to reach a size of US$ 19.4 Bn by 2032, and is expected to expand at a CAGR above 6.6% over the forecast period of 2022-2032. Several government policies are being implemented across geographies that are favoring the utilization of efficient bio-fuels such as biomass pellets as a replacement for fossil-based fuels. This has significantly created demand for biomass pellets, and this demand is expected to grow at a very high rate over the forecast period.

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East Asia Projected for Significant Growth Opportunities

Over the past years, Europe has been one of the key prominent regions in terms of the production and consumption of biomass pellets. However, other regions such as East Asia have emerged as lucratively growing regions in the global biomass pellets market. This has resulted from the significant growth of the markets in East Asia countries such as China, South Korea, and Japan.

China is one of the prominent hubs of industries and that use coal-based boilers. This creates ample opportunities of demand for biomass pellets that can be used as a replacement or co-fired with coal in these industries.

Furthermore, the demand in South Korea and Japan for biomass pellets has witnessed a significant hike over the past years. As a consequence, East Asia, as a whole, projects significant growth opportunities for the global biomass pellets market over the forecast period.

Sales of Wood Sawdust-Derived Biomass Pellets to Remain Prominent

The market has been segmented on the basis of different sources of biomass pellet production and on the basis of their multiple end uses, besides the seven prominent regions of the world.

  • On a global level, wood sawdust is the prominent source of biomass pellet production. The growth in the sales of biomass pellets from this segment is projected to be significant over the forecast period. However, other sources are expected to gain market share over the forecast period.
  • Industries with installed coal-based boilers consume a fair share of the global biomass pellets market volume. This consumption is expected to increase further over the forecast period.
  • Government policies regarding carbon emissions from industries are changing across geographies in order to achieve their goals and targets of sustainable development. They have become stricter towards the quantity of carbon emitted from industries. As a consequence, industrialists are bound to use biomass pellets in co-firing applications in order to reduce their carbon content and also the cost expenditure over fuels. As a consequence, prominent demand for biomass pellets is being witnessed from industries on a global level.

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Biomass Pellets Market Taxonomy

The global biomass pellets 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 Source

  • Agricultural Residue
  • Wood Sawdust
  • Others

By End Use

  • Power Generation
  • Industrial Heating
  • Commercial and Domestic Heating
  • Others

Region

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

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Biomass Pellets Market: Vendor Insights

The report highlights some of the market players that are prominent and have established themselves as leaders in the global biomass pellets market. Some of the examples of the key players in this market are Drax Biomass Inc., Enviva Partners, LP, German Pellets GmbH, AS Graanul Inves, Pinnacle Renewable Energy Inc., and Abellon CleanEnergy Limited, among others. These players have a diverse set of biomass pellet offerings for industrial, commercial, as well as domestic applications. These players also participate actively in the trade of biomass pellets to reach international markets, and develop by acquiring a diverse clientele across geographies.

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Europe Advanced Aerospace Coatings Market Size, Share & Growth Report for 2028

The report provides comprehensive information on market trends, value (US$ Mn) and volume (‘000 Li), competition, recent developments and dynamics in Europe advanced aerospace coatings market for the duration between 2018 and 2028.

The Europe advanced aerospace coatings market was valuated at just-over US$ 390 million in 2018, which is anticipated to register the CAGR of 4.9% through 2028. Increasing demand for efficient and lightweight advanced aerospace coatings is expected to be a major factor driving the demand for advanced aerospace coatings in the Europe market during the forecast period.

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Rising Aircraft Production & Expanding Fleet Size Continues to Generate Sustained Demand for Advanced Aerospace Coatings in Europe
Europe’s increasing air passenger traffic has been leading to an increase in the demand for commercial aircraft. This, in turn, has been leading to an increase in the production of commercial aircraft. The growth of the advanced aerospace coatings market is directly dependent on the total aircraft production and the fleet size.

Rising production and sales of aircraft, particularly in developing countries within the region are anticipated to create noteworthy opportunities in Europe’s advanced aerospace coatings market. Increasing aircraft deliveries by leading manufacturers such as Airbus and Boeing are underpinning substantial additions to the existing aircraft fleet size of Europe.

Progressing Scenario within MRO Segment to Majorly Influence Europe’s Advanced Aerospace Coatings Market Growth

As the number of aircraft that are in service is increasingly constantly, the report prompts at the subsequent rise in demand for maintenance, repair, and overhaul (MRO) of various aircraft parts, components, and vital systems. This, according to FMI, will trigger the revenue growth of MRO sales channel within Europe’s advanced aerospace coatings market during the forecast period.

The MRO sales channel of commercial segment of the Europe advanced aerospace coatings market is projected to grow at a 5.9% value CAGR during the forecast period. Increasing fleet size of commercial as well as business aircraft and high demand for customized exteriors are some of the other factors driving the growth of the advanced aerospace coatings MRO sales channel.

Aftermarket Sales of Advanced Aerospace Coatings in Europe to Gain Uptick with Soaring Demand for Leased Aircraft

An aircraft, being one of the most expensive commodities, a number of small airline carriers prefer to lease from major players. While leasing of aircraft helps these airline carriers avoid high capital investments, they generally tend to renovate the entire aircraft before putting it into operation. The entire aircraft cabin is renovated according to specific requisites of respective airline carriers and their customer demands.

More often, a leased aircraft is coated with multiple paints and colors, highlighting the symbol and logo of particular airlines. According to the report, increasing rate of aircraft leasing will continue to push the growth of advanced aerospace coatings market in Europe.

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Rapid Sales of Advanced Aerospace Coatings Continue to Suffer from Relatively Gradual Growth of European Economies, Post Crisis

Post the financial crisis, economic growth has slowed down, as compared to the growth registered prior to the financial crisis. Wage growth has been weak and most of the industrial work has been outsourced to emerging economies, which has made industrial investment in developed economies weak. This, in turn, has been restraining the growth of the advanced aerospace coatings market.

Democratic uprisings, such as the Arab Spring, economic sanctions against Russia and the involvement of Ukraine in a proxy war, have pushed many countries into an economic turmoil. The market in these nations has been deteriorating exponentially and in recent times, these markets have been exhibiting a moderate growth scenario. Due to the economic crisis, the purchasing in these countries has come down drastically and subsequently, the demand for advanced aerospace coatings has suffered.

Advanced Aerospace Coatings Market – Competition Landscape

The Europe advanced aerospace coatings market is consolidated with the top two market players (Akzo Nobel and PPG Industries Inc.) accounting for double-digit market shares as of 2017. The top ten players in the Europe advanced aerospace coatings market are projected to collectively account for between a 50% and 60% market share.

In the recent past, the advanced aerospace coatings market has witnessed significant improvements from a competition perspective. Acquisitions, collaborations and expansion of production capacity are some of the key strategies being adopted by market players to expand and sustain in the Europe advanced aerospace coatings market.

  • Praxair, Inc. and GE Aviation opened a new facility in the U.S. for their PG Technologies business that specializes in advanced coatings and enables jet engines to withstand high stress and temperatures
  • PG Technologies Ltd. announced that it intends to add a new additional coating capacity in Singapore to meet the ever-increasing demand from the aviation industry
  • Akzo Nobel opened a specialty coatings facility in Dongguan, China, primarily for the production of advanced aerospace coatings for South and North Asia aviation markets

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Europe Advanced Aerospace Coatings Market: Segmentation

By Product Type

  • Primer
  • Topcoat
  • Solvent
  • Ceramic Coatings

By Application

  • Interior
  • Exterior

By End Use

  • Commercial
  • General & Business
  • Military

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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U.S. & Canada Portable Air Conditioner Market to Expand at a 3.3% Value CAGR by 2032

The U.S. & Canada portable air conditioner market size is estimated to top nearly US$ 231.2 Mn in 2022 and is projected to reach US$ 319.7 Mn by 2032 at a CAGR of 3.3% from 2017 to 2021.

Brand owners of portable air conditioners have optimized their sales channels through omni-channel retailing. Using this approach, the desired product is available to the consumer across all available channels, whether online or offline. Thus, portable air conditioners are readily available for the consumer to purchase. Many global leaders in the portable air conditioners market have adopted this approach. This way, the company reaches its customers not only in urban areas but also in rural areas, thus increasing the probability of high sales.

Furthermore, consumers are increasingly adopting e-commerce sites to purchase electronic items including portable air conditioners, as they have the ability to offer a wide range of products with special discounts and prices. In addition, e-commerce websites also help customize the products as per the specific requirements of the customer, even if the product is not available in the market in a particular country. Leading e-commerce sites including, Walmart, Alibaba and Amazon, are offering an extensive range of products from around the world.

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Factors such as easy product accessibility, convenience and ease of shopping irrespective of geographic presence help promote the online channel to purchase products like portable air conditioners which has acted as one of major driving force impacting the market.

Key Takeaways from the U.S. & Canada Portable Air Conditioner Market Study

  • The market in US is projected to witness rapid growth and register a CAGR of 3.6% over the forecast period, owing to the rapidly growing population, along with an increase in the number of retail outlets in the country.
  • As per the analysis, 5000-10,000 BTU’s segment is expected to hold a noteworthy share of 38.7% in 2021. Because it is used for small and medium-sized rooms, it an economical choice for most people.
  • The residential segment is expected to hold a major share of the market. Improved standard of living and rise in the adoption of smart home appliances is anticipated to favour the segmental growth.
  • Companies are focusing on manufacturing products that offer special features, including smart controls by Wi-Fi.

 “Rising inclination of consumers toward energy-efficient systems and the growing popularity of portable systems are expected to positively impact the portable air conditioner market growth.” says an FMI analyst.

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Impact of COVID-19 on the Market

The spread of the COVID-19 pandemic had a negative impact on portable air conditioner demand in 2020 due to decreased consumer spending. Government authorities across the globe advised people to not use the air conditioner system, as it helps spreading the virus, which further restricted the product adoption. Moreover, due to the increase spread of covid-19, governments imposed stringent lockdown in countries which slowed down the overall economic conditions.

However, the market is expected to rebound in 2022 and grow steadily, aided by changing weather patterns and rising demand from commercial constructions.

Who is winning?

The players operating in the global U.S. & Canada portable air conditioners industry have adopted various developmental strategies to expand their market share, exploit the U.S. & Canada portable air conditioner market opportunities, and increase profitability in the market. Major players present in the U.S. & Canada portable air conditioner market are The Whirlpool Corporation, Midea Group, LG Electronics, Black+Decker Inc., WHYNTER LLC, Frigidaire Company, Samsung Electronics, Haier Group Corporation, Electrolux AB, General Electric Company, Honeywell International Inc., Blue Star Limited, SereneLife Home, LLC, Havells India Ltd. (Lloyd), AMACOOL among others.

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U.S. & Canada Portable Air Conditioner Market by Category

By Product Type, U.S. & Canada Portable Air Conditioner Market is segmented as:

  • Standard Portable Air Conditioner
  • Smart Portable Air Conditioner

By Capacity, U.S. & Canada Portable Air Conditioner Market is segmented as:

  • 5,000-10,000 BTUs
  • 11,000-15,000 BTUs
  • 16,000-20,000 BTUs
  • 20,000 and Above BTUs

By Price Range, U.S. & Canada Portable Air Conditioner Market is segmented as:

  • Below US$ 100
  • US$ 100-200
  • US$ 200-700
  • US$ 700 and Above

By End User, U.S. & Canada Portable Air Conditioner Market is segmented as:

  • Commercial
  • Residential

By Sales Channel, U.S. & Canada Portable Air Conditioner Market is segmented as:

  • Wholesalers/Distributors
  • Hypermarkets/Supermarkets
  • Multi-Brand Stores
  • Specialty Stores
  • Independent Small Stores
  • Online Retailers
  • Other Sales Channels

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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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U.K. Car Rental Market to Expand at a 5.6% Value CAGR by 2032

The U.K. car rental market size is estimated at US$ 3.20 Bn in 2022 and is projected to reach US$ 5.54 Bn by 2032, at a CAGR of 5.6% from 2022 to 2032.

Subscription models are increasingly gaining traction among consumers as they are cost-effective and offer more convenience. Driven by this, various OEMs are entering the market with improved service offerings, which is expected to augment the growth of the market.

Further, players are aiming to improve their present working models, while utilizing their abilities in fleet management and existing public fleet presence to gain a competitive advantage.

Vehicle subscriptions are expected to entice customers who may not represent conventional customer profiles for OEMs. For example, few extravagant OEMs are trying membership models widen their customer base.

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Moreover, the car subscription model permits customers to maintain a strategic distance from upfront capital necessities and long-term contracts related with buying or renting. It also allows consumers to access comfort and adaptability with the “all-in” month-to-month expense and responsibility.

“Growing preference for economic cars and rise-sharing services, coupled with subscription models offered by market players will continue fueling growth of the market over the assessment period,” says an FMI analyst.

Key Takeaways:

  • Based on car type, demand for economy cars is expected to surge at a considerable pace over the forecast period.
  • In terms of end use, the on-airport segment is projected to remain dominant through 2031.
  • Sales in the mobile application segment are forecast to continue gaining traction over the forecast period.
  • The U.S. is expected to dominate the North America market owing to the presence of key market players and increasing preference for ride-sharing services.
  • Demand in the U.K. is expected to remain high due to growing prevalence of medical tourism in the country.

Competition Landscape

Some of the key players operating in the car rental services market are Enterprise Holdings Inc., The Hertz Corporation, Avis Budget Group, Europcar Group, Carzonrent, Sixt SE, AI Futtaim Group, Localiza-Rent A Car, Eco Rent A Car, and GlobalCARS among others.

Leading players operating in the market are offering services aligned with consumers’ expectations to gain a competitive edge in the market. Besides this, players are investing in mergers, acquisitions and collaborations to strengthen their footprint in the market. For instance:

  • In January 2020, Localiza Rent A Car SA had been ranked 7th place in customer service – EXAME / IBRC (Ibero-Brazilian Institute for Customer Relations)
  • In 2019, Enterprise Holdings, Inc. had acquired Romsey-based car rental company, SHB Hire Ltd. The latter operates a fleet of over 18,500 commercial vehicles and this acquisition would help the company to form one of the largest U.K. commercial vehicle rental business.
  • In 2019, Hertz Global Holdings and Air France jointly launched Hertz DriveU, which had designed to meet all customer transportation needs.

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U.K. Car Rental Market by Category

By Car Type:

  • Economy Cars
  • Compact Cars
  • Intermediate Cars
  • Premium Cars
  • Luxury Cars
  • Others

By End Use:

  • Intercity
  • Intra-city
  • On-Airport
  • Others

By Booking Mode:

  • Offline Access
  • Mobile Application
  • Other Internet Access

By Sector:

  • Organized
  • Unorganized

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

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Automotive TCU Market Report – Business Opportunities and Global Forecast to 2031 | Future Market Insights

Different types of transmission technologies find deployment in the global automotive TCU market such as manual transmission (MT) and automated manual transmission (AMT). In manual transmission, a driver has 100% control over gear shifting, whereas AMT involves clutch-pedal free manual transmission. The shift from manual cars and a move towards hassle free driving has resulted in an upward growth shift in the global automotive TCU market.

A new report by Future Market Insights presents clear insights on the global automotive TCU market performance. The report also highlights the drivers influencing the growth of the global market, restraints limiting revenue growth, and trends governing the market. According to the report, the global automotive TCU market is expected to witness a robust CAGR of over 7.5% during the forecast period 2021-2031.

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Global Automotive TCU Market: Dynamics

There are various factors responsible for the growth in the automotive TCU market. Rise in emission control rules is a major market revenue growth driver. Many companies have adopted the first ever GHG regulations for heavy duty vehicles and engines. Also, control in the global inflation rate has strengthened the demand in various regions such as Europe and North America. With forces like the above at play, much of the growth in the global automotive TCU market is expected to come from developed economies.

Global Automotive TCU Market: Segmental Highlights

For easy understanding and accurate analysis of the global automotive TCU market, the market is segmented on the basis of application, vehicle type and region.

  • The various segments of the automotive TCU market based on application include AT, CVT and DCT. The AT (Automatic Transmission) segment is expected to dominate the market with the highest market value share by the end of 2031. However DCT (Dual Clutch Transmission) is expected to witness growth at the highest CAGR of over 14.1% during the forecast period.
  • The segmentation based on vehicle type includes passenger cars, HCVs and LCVs. Among these, the market for passenger cars is expected to stand exceptionally profitable with a projected grow at a robust CAGR of 7.8%.
  • The regional segmentation holds crucial statistics for businesses currently operating in the industry. According to the forecasts presented in the report, North America is expected to dominate the global automotive TCU market, growing at a CAGR of over 8% in terms of value.

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Segmentation of the global automotive TCU market

Application

  • AT (Automatic Transmission)
  • CVT (Continuous Variable Transmission)
  • DCT (Dual Clutch  Transmission)

Vehicle Type

  • Passenger Car
  • LCV (Light Commercial Vehicle)
  • HCV (Heavy Commercial Vehicle)

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

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Global Automotive TCU Market: Competitive Analysis

The research report on the global automotive TCU market provides an analysis of the key players operating in the market. Some of the key players included in the report are Robert Bosch GmbH, Aisin AW Co., Ltd., Continental AG, Delphi Automotive LLP, Hitachi Automotive System, Ltd., Denso Corporation, Swoboda KG., ZF Friedrichshafen AG etc.

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:

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Surgical Booms Market is forecast to register a CAGR of 4.7% between 2022 and 2029

Surgical booms are also known as Equipment Management Systems (EMS). Surgical booms are used to constrain electrical wiring from the various equipment used in the OR. They also help organise the space in the OR by increasing the working space. Most surgical booms are suspended from the roof of the OR and are available in a number of designs and utilities. According to the latest research by FMI, the global surgical booms market is expected to account for more than US$ 380 Million in terms of value by the end of 2029. The surgical booms market report also projects significant growth potential with an anticipated average Y-o-Y growth rate of over 4.5% during the forecast period.

Increase in the Adoption of Minimally Invasive Surgeries is Likely to Drive the Growth of the Surgical Booms Market

Minimally Invasive Surgery (MIS) is one of the major trends in medicine. MIS is a safe, feasible, and patient-friendly method of performing medical procedures such as surgery. MIS offers reduced postoperative pain, shorter length of stay in a hospital, lesser scarring or damage to tissues, and generally leads to faster recovery. Hence, MIS is easier and less time-consuming. As clinicians seek safer and more efficient ways to perform surgery, they find new applications for minimally invasive procedures, because the benefits of the same for patients are paramount. Furthermore, the increasing number of insurance providers that offer reimbursement for costs incurred during most minimally invasive procedures is expected to increase the adoption rate of minimally invasive surgeries. The Centers for Medicare and Medicaid Services (CMS) provides reimbursement for peripheral access procedures, such as the insertion of a port or catheter into a large central artery that is directly related to or is near the heart. Thus, increase in the number of minimally invasive surgeries is boosting the demand for equipment management systems such as equipment booms.

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High Capital Investment for Integrated OR to Hinder the Growth of Surgical Booms Market

Integrated ORs utilise a crossover of medical interventions to form hybrid technologies. The development and integration of ORs requires the re-organization of professionals. In addition, there is a need to upgrade the capital equipment. Cost of such advanced capital equipment is high. Furthermore, compatibility with existing or new devices/infrastructure is likely to present a hurdle for the designers, manufacturers, and end users of surgical booms. A hybrid OR, on an average, requires 50-80% more space as compared to a conventional OR in the U.S., and 30-40% more in Germany. The additional space required is another factor that is likely to increase the cost of the setup of an integrated OR. Thus, the capital cost required for an integrated OR is likely to hinder the growth of the surgical booms market.

Surgical Booms Market: Segmental Analysis

The global surgical booms market has been segmented on the basis of product, installation, and end user. On the basis of product type, the surgical booms market has been segmented into equipment booms, utility booms, anaesthesia booms, and custom booms. Custom booms lead the market due to the flexibility of choice the customers have from manufacturers. Based on installation, the surgical booms market has been segmented into roof mounting and floor mounting. In terms of revenue, the roof mounting segment is expected to have a major share in the surgical booms market during the forecast period as these are more flexible and conserve space in the OR more effectively. On the basis of end user, the surgical booms market has been categorised into hospitals, ambulatory surgical centres, specialty clinics, and hybrid operating rooms. The revenue generated by the hospitals segment of the surgical booms market is expected to witness significant growth, which is driven by the presence of a large number of ORs and associated ICU departments at various hospitals.

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Surgical Booms Market: Companies

Some of the key players in the surgical booms market include

  • CV Medical LLC.
  • Stryker Corporation
  • Hill Rom Holdings Inc.
  • Amico Group of Companies
  • Steris Plc
  • Ondal Medical Systems GmbH
  • Getinge Group
  • Pratibha Medinox
  • Skytron LLc
  • Palakkad Surgical Industries
  • among others.

SURGICAL BOOMS MARKET TAXONOMY

By Product

  • Equipment Booms
  • Utility Booms
  • Anesthesia Booms
  • Custom Booms

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Hybrid Operating Rooms

By Installation

  • Roof Mounting
  • Floor Mounting

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Region

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

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Calcium Peroxide Market: In-Depth Analysis with Booming Trends Supporting Growth and Forecast to 2028

In the recent years, the contamination of the groundwater, surface water and soil contamination in the urban as well as in industrial sector has become more severe. This water and soil contaminants has enforced significant challenges to the environment and as well as to human health. In order to reduce these contaminations calcium peroxide is used globally.

Calcium peroxide is an inorganic compound having molecular formula CaO2 and is commonly abbreviated as CP, calcium peroxide is a white or yellowish solid which belongs to the alkaline group. By holding substantial thermal stability, calcium peroxide is less subject to the effect of carbon dioxide and atmospheric moisture. The application of calcium peroxide is majorly in polymer, metallurgy and also in inorganic synthesis.

The key application of the calcium peroxide is to provide oxygen externally for horticulture and agriculture. Growth of the calcium peroxide application in the applied technologies such as, biotechnology application for the medical science purpose. Calcium peroxide is known as the most thermal stable inorganic product and is also considered as an effective and versatile solid source of hydrogen peroxide.

In addition to this, calcium peroxide has been widely applied in deodorizing, bleaching and disinfection. The end use application of the calcium peroxide extends to the field of Volatile Organic Compound (VOC) control, wastewater treatment, remediation of sediments, groundwater and in cyanobacterium inhibition. Calcium peroxide based products are available on commercial scale for the purposes of chemical oxidation and contaminants biodegradation.

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Market Dynamics: Calcium Peroxide Market

The positive growth in the agriculture sector and increase in demand as oxidizing agents in order to maintain quality of the soil and relatively produce high yield. In addition to this, growing trend of whitening agents in toothpastes due to the growing consumer awareness regarding importance of strong white teeth these are the some key factors which are responsible for the growth of the calcium peroxide market in the near future.

Manufacturers have strong opportunity to retain maximum share in the forecast period. The opportunity comes from the cruise, ferry and others. Increasing efficiency and demand from the end use industries has claimed to be the current trend in the calcium peroxide market.

Treatment of the wastewater is the key driver for the growth of the calcium peroxide market. Stringent government regulations has expected to create challenge in the sales of the calcium peroxide market. On the basis of the regional outlook, the region Europe and North America are expected to witness for significant rise in water treatment facilities owing to the strict environment regulations.

Regional Outlook: Calcium Peroxide Market

Increasing economic condition correspondingly increasing GDP of the region is expected to gain traction in the North America followed by Europe. Asia Pacific is expected to create more opportunities for the calcium peroxide manufacturers by providing subsidiaries.

On the basis of the CAGR, China is expected to expand at a significant CAGR followed by India in the Asia Pacific region. Middle East & Africa is expected to expand at a sluggish CAGR as compared to the Latin America market.

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Some of the key players of the calcium peroxide market are the

  • American Elements
  • Solvay
  • BASF
  • The Arkema Group
  • Carus Group Inc.
  • Noshly Pty. Ltd.
  • Peroxychem S.A.gyu Jie Hua Chemical Co.
  • Stp Chem Solutions Co. Ltd.
  • Zhengzhou Huize Biochemical Technology Co. Ltd
  • Evonik Degussa GmbH
  • Sunway Lab
  • The Dow Chemical Company
  • Nikunj Chemicals

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. 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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Market Segmentation Calcium Peroxide Market

Calcium peroxide is segmented on the basis of application and end use

On the basis of application, the calcium peroxide market is segmented as

  • Clarifying Agent
  • Oxidizing Agent
  • Deodorizing Agent
  • Others

On the basis of end use, the calcium peroxide market segmented as

  • Industrial
  • Water & Wastewater
  • Food & Beverages
  • Chemicals
  • Other Industrial
  • Other Industrial
  • Non- Industrial
  • Residential
  • Commercial
  • Institutes

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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Marine Fuel Injection System Market Size, Share, Industry Analysis, Future Growth, Segmentation, Competitive Landscape, Trends and Forecast 2022-2029

Future Market Insights has recently published a new market research study on the marine fuel injection system market that contains global industry analysis during 2014–2018 and opportunity assessment during 2022–2029.The report investigates the marine fuel injection system market and provides critical insights for the forecast period of 2022-2029. As per the key findings of the report, the global marine fuel injection system market is expected to witness considerable growth in upcoming years due to the steady expansion of vessel fleet as well as regulations imposed by International Maritime Organization towards improving the efficiency of new ships.

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According to Future Market Insights (FMI), the marine fuel injection system market will increase by 3.4% annually in terms of value in 2022, reaching a value of over US$ 5,373.5 Mn by the year’s end. This growth is expected to be mainly driven by increasing trade opportunities for crucial countries with prominent shipbuilding industries. Advanced fuel efficient technology is adding to the benefits of the marine fuel injection system market.

Increase in Global Maritime Tourism to Fuel the Market Growth

With the increasing disposable income, there has been noteworthy growth in the tourism in the recent past. Recreational water sports attract a paramount segment of people and growing traction of people towards it has been significant. Activities, such as yachting, kite surfing, and water skiing is expected to upsurge the marine tourism. The demand for new ships has increased owing to the growth in maritime tourism, which will ultimately boost the marine fuel injection system market in the near future.

Increasing fuel injection pressure in marine vessels lead to the increased rate of wear and tear property. To improve the combustion efficiency of an engine, high injection pressure is required. There has been increased demand for high pressure fuel injectors.  However, increased fuel injection pressure has amplified the stress applied on the fuel injector as well as on the other parts of the fuel injection system, including a fuel pump and high pressure lines. This might lead to the increased rate of replacement and reconditioning of fuel injection system in marine vessels, contributing to the growth of the aftermarket sales channel.

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Growth in Regional Shipbuilding Industries  

China, in the APEJ region and Japan has maintained slow but steady pace in the ship building industry in terms of growth. Whereas, in South Korea, the industry faced sharp downturn due to overcapacity and weak financial performance of prominent players in the marine fuel injection systemmarket. This, in turn, significantly affected the OEM demand for marine fuel injection systems. However, there has been a notable increase in the demand for new ships creating a healthy environment for the shipbuilding industry in the region to recover.

Marine Fuel Injection System Market: Taxonomy

Sales Channel

  • OEM
  • Aftermarket

Engine Capacity

  • Up to 2000 HP
  • 2000 – 10,000 HP
  • 10,000 – 20,000 HP
  • 20,000 – 50,000 HP
  • 50,000 – 80,000 HP
  • Above 80,000 HP

Application

  • Service Vessels
  • Passenger Vessels
  • Cargo Carriers
  • Fishing Vessels
  • Personal Watercrafts & Sailboats
  • Others

Engine Type

  • 2 Stroke
  • 4 Stroke

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • MEA
  • Japan

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Marine Fuel Injection System Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global marine fuel injection system market. Few examples of key players in the marine fuel injection system market areCummins Inc., Liebherr International AG, Robert Bosch GmbH, Caterpillar Inc., Yanmar Co. Ltd., Suzuki Motor Corporation, v, MAN SE, DENSO Corporation, Rolls-Royce Power Systems AG, OMT – Officine Meccaniche Torino SpA, Woodward, Inc., and Heinzmann GmbH & Co. KG, among others.The global marine fuel injection system market is considered to be significantly fragmented one. Global players falling under tier-1 category accounts for ~25% of the overall market share, whereas medium-sized and small-sized players are expected to be prominent in the global marine fuel injection systemmarket.

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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Pet Car Seat Market is Predicted to Register A CAGR of 4.7% During The Forecast Period

The pet car seat market size is estimated to reach a valuation of ~US$ 2.8 Bn in 2022 and is projected to surpass US$ 5.0 Bn by 2032, at a CAGR of 4.7% from 2022 to 2032.

As per Future Market Insights (FMI), surging adoption of pet among millennials is one of the key factor propelling the demand for pet car seats in the pet care industry. With growing developments in customization and introduction of high-end materials coupled with value-added features,

Dog seat covers are gaining immense traction amid growing pet humanization and rising pet ownership. Hence, customers are purchasing dog seat covers in the size, shape, and material that they require, as well as customize them, from pet stores and automobile accessory stores.

As a result, increasing concern among pet owners about their well-being is facilitating the demand in the market. Pet adoption as companions for mental well-being, fitness, and entertainment is on the rise, increasing pet-care costs. Backed by these aforementioned factors, the pet car seat market is predicted to rise amidst surging awareness regarding pet safety and easy availability of accessories.

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Key Takeaways from the Pet Car Seat Market Study

  • In terms of material, the PVC segment is expected to dominate the pet car seat market between 2022 and 2032.
  • In terms of feature, waterproof segment is expected to grow at a CAGR of 4.0% and is expected to expand at a rapid rate during the assessment period.
  • Based on feature, the demand for waterproof pet car seats will burgeon over the forthcoming decade
  • By car type, SUVs are expected to remain most preferred vehicles among pet owners for pet car seats
  • The U.K. is expected to lead the growth in Europe pet car seat market over the assessment period
  • The U.S. and India are expected to vanguard the sales in North America and South Asia pet car seats market

“Pet car seats manufacturers are increasingly focusing on advertisement and promotion of the pet accessories, positively influencing growth of the market. Product promotions through various campaigns and events such as dog shows, are the key strategies adopted by various players in the pet car seat market.” says an FMI analyst.

Who is winning?

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

Major players present in the pet car seat market are KOZI WORLD, PetsUp, PetMyRide, FitMyCar, Plush Paws, Pet Magasin, BarksBar, 4Knines, Worldwise, and Petbrill among others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global pet car seat market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the pet car seat market based on the material type (PVC, fabric, nylon & polyester), car type (SUVS, vans, sedan, minivan & others) feature (waterproof, foldable, non-slip & adjustable) sales channel (supermarkets & hypermarket, retailers & wholesalers, direct sales, pet specialty stores, online retailers & other sales channel) across seven major regions.

Global Pet Car Seat Market by Category

By Material Type:

  • PVC
  • Fabric
  • Nylon
  • Polyester

By Car Type:

  • SUVs
  • Vans
  • Sedan
  • Minivan
  • Others

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Global Pet Car Seat Market by Category

By Material Type:

  • PVC
  • Fabric
  • Nylon
  • Polyester

By Car Type:

  • SUVs
  • Vans
  • Sedan
  • Minivan
  • Others

By Feature:

  • Waterproof
  • Foldable
  • Non- slip
  • Adjustable
  • Others

By Sales Channel:

  • Supermarket/Hypermarkets
  • Wholesalers/Retailers
  • Direct sales
  • Pet Specialty Stores
  • Online Retailers
  • Other Sales Channel

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

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Future Market Insights,
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