Market Research Blog – Page 9894 – New Product Development

Condition Monitoring Service Market is projected to surpass the valuation of US$ 6.79 Bn by 2031: FMI

The global demand for condition monitoring services is projected to surpass the valuation of US$ 6.79 Bn by 2031 end. As recommended by a replacement Future Market Insights (FMI) report, substantial growth within the condition monitoring service market is principally backed by the expansion of the facility generation industry, that holds a outstanding share of the general market value, closely followed by the chemical and petrochemical industries.

Increasing urbanization and rapid industrialization are creating massive opportunities for key market players in the automotive & transportation industry, thereby bolstering the adoption of condition monitoring services in global market. On the flip side, the current global coronavirus pandemic is expected to cost global economy about US$ 1 Tn in 2022, as per the UN Conference on Trade and Development.

Request for a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-11280

The automotive, logistics, and petrochemicals industries, in particular, are well within the radar of the potential impact of the virus. Several business executives have halted their manufacturing operations, given the large-scale lockdowns in majority of countries. As the COVID-19 pandemic spreads, condition monitoring services would see a notable decline in their adoption.

Key Takeaways of Condition Monitoring Service Market Study

According to our research, the portable machine diagnostic segment is shaping the revenue pool of the condition monitoring service market as the portable equipment is used to analyze data from the sensors, saving time of operation.
In current scenario, integration of condition monitoring software with computerized maintenance management services & process control software is an emerging trend in the global condition monitoring service market.
North America is a prominent market for condition monitoring services and is expected to continue its hegemony, owing to its strong industrial growth and high adoption of the services in the region.
In the global condition monitoring service market, over 55% of the revenue comes through vibration analysis and oil analysis segments. Rising focus on maintenance in order to minimize the asset downtime is fueling the deployment of both the techniques.

In order to minimize the asset downtime, it is necessary to monitor the assets continuously or in regular intervals, especially in facilities such as power generation and petrochemical plants. Given the criticality of highly accurate results in such facilities, manufacturers are striving to further develop condition monitoring software that can be integrated into the services to record the data.

Competition Landscape Analysis

The global condition monitoring service market is slightly competitive, with the presence of moderate number of local and global manufacturers. Key manufacturers such as SKF, Fuji Electric, Siemens AG, ABB, Honeywell International Inc., Meggit PLC, General Electric, and Parker Hannifin Corp. account for nearly half of the share of the overall market. Manufacturers are focusing on strengthening their product portfolio by launching advanced condition monitoring services and collaborating with end users.

Customization Before Buying @ https://www.futuremarketinsights.com/customization-available/rep-gb-11280

South Asia Represents Potential Growth Avenues

The demand for condition monitoring services is expected to gain traction in South Asia in the coming years, owing to increasing investments in power generation, and petrochemical industries. Governments in countries such as India, and Indonesia are encouraging private sector players to minimize the deficit in power in order to fulfill maximum power requirements. This, in turn, is underpinning the condition monitoring service market in the region.

More About the Report

The research report analyzes the total sales of condition monitoring services on the basis of volume (units) and value (US$ Mn). The condition monitoring service market is projected on the basis of factors such global energy consumption, oil & gas industry outlook, wind energy installed capacity, hydropower installed capacity, and natural gas production and consumption in various regions. Also, the report includes a competition analysis section that includes tier structure analysis, market structure analysis, competition development, and other crucial information of condition monitoring service providers.

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights, Inc
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

Contact Lenses Market Worth USD 12.5 Billion by 2029 | Future Market Insights

The global contact lenses market size is set to reach US$ 12.5 Bn in terms of revenues by the end of 2029. A new Future Market Insights (FMI) study reveals that the contact lenses market will see a moderate CAGR over 2029. Soft contact lenses are the most prescribed contact lenses, while toric lens designs are significantly gaining popularity over the recent past. The latter are gaining traction attributing to their properties to correct mixed astigmatism.

Moreover, these lenses are fashionable, serve various purposes owing to their anti-radiation (block UV rays) properties, and abilities to filter dim lights and work on miniature components. Demand for silicone hydrogel contact lenses is also on a constant rise, as they reduce the risk of hypoxia related eye problems.

Request Sample Report@
https://www.futuremarketinsights.com/reports/sample/rep-gb-10714

List Of Key Players Covered in Contact Lenses Market are:

CooperVision, Inc.
Johnson & Johnson Vision Care, Inc.
Hoya Vision Care Company
Alcon (Division of Novartis AG)
Bausch & Lomb Incorporated
BenQ Materials Corporation
ZEISS International
SEED Co. Ltd.
Essilor International S.A.
Menicon Co. Ltd.

Key Takeaways – Contact Lenses Market

North America is expected to retain its dominant position in the global contact lenses market due to high adoption of contact lenses, high demand for branded products, and frequent new product launches, coupled with significant presence of prominent players in the region.
Soft lenses continue to be top selling, making up nearly 80% of overall sales in the contact lenses market. These lenses are widely prescribed by doctors, user-friendly, and easier to adjust as compared to hard contact lenses.
Increasing usage of therapeutic (drug-eluting) contact lenses for ophthalmic drug delivery is creating a massive window of opportunity in the global contact lenses market. These lenses would be garnering interests with their unique advantages such as extended wear and high bioavailability.

Use promo code ->> FMITODAY to get flat 20% discount

Growing prevalence of myopia among young children and elderly demographic will continue to create significant opportunities for prominent players in the contact lenses market. Daily wear soft contact lenses made of flexible plastic that enables oxygen to pass through the eyes are gathering traction in market. Besides such innovations, online sales will help manufacturers reap sizeable profits in the global market.

Smart Contact Lenses Gaining Traction

Contact lens companies have been introducing novel products in the market, attributable to R&D advancements. Smart contact lenses represent one such innovation that continues to gain popularity worldwide. These lenses do not require surgery and can be inserted or removed by users. Researchers from the Harbin Institute of Technology in China and the University of California San Diego are developing innovative biomimetic smart soft contact lenses that users can zoom in and out by simply blinking.

Know More About Contact Lenses Market Report

Future Market Insights, in its new offering, provides an analysis of the global contact lenses market, presenting historical demand data (2014-2021) and forecast statistics for the period of 2022-2029. The report on the global contact lenses market reveals compelling insights on the basis of product type (soft lenses [daily wear and extended wear] and gas permeable), design type (spherical, toric, multifocal, and others), wear type (disposable and reusable), and sales channel (online [e-Commerce portal and company owned portal] and offline [exclusive stores and multiband stores]), across seven major regions.

Ask for more Insights Analysis on Report@
https://www.futuremarketinsights.com/ask-question/rep-gb-10714

Detailed Table of Content:

Executive Summary
- Global Market Outlook
- Summary of Key Statistics
- Summary of Key Findings
- Product Evolution Analysis
- Analysis and Recommendations
Market Overview
- Market Taxonomy
- Market Definition
Key Market Trends
- Key Trends Impacting the Market
- Product Innovation Trends
- Evolution of Eyewear Industry
- Future Prospects of Eyewear Industry
  - Factors Fuelling Growth
  - Influx of Brands
  - Innovative Distribution & Marketing Strategies
The Massive Impact of the Crisis
- Covid-19 The Situation Now
- Countries in action: How have countries been responding?
- The Economic Impact of the COVID-19 Outbreak on Developing Asia
- Impact of COVID-19 on the Gross Domestic Product of Selected Economies
- Current Economic Projection – GDP/GVA and probable impact
- Comparison of SAARs and market recovery, comparison to 2008 financial crisis and market recovery and forecast comparison for recovery of COVID 19
- Impact of Covid-19 on Manufacturing Industry
- Coronavirus Impact on The World of Work
- Projected Recovery for Hardest Hit Sectors
Brand Mapping Analysis
- Price v/s Product
- Value for Money
- Top of Mind Contact Lenses Brands
- Brand Portfolio-by Key Players
- Brand Loyalty Mapping
- Usage Pattern Overview
- Branded vs Unbranded-Market

TOC Continued…!

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 Us:
Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

North America Conveyor System Market is set to expand at 3.5% CAGR: FMI

The Conveyor system market will register steady growth with the overall valuation forecast to surpass US$ 13.7 Bn in 2021. The market’s worth will increase at a compound annual growth rate (CAGR) of 4.5% between 2021 and 2031. Global Conveyor system sales are expected to return to 2019 level, with shipments expected to reach 16,000 units by the end of 2031, says FMI.

Regionally, the North America market is set to expand at 3.5% CAGR over the course of the assessment period. The growth can be attributed thriving e-commerce industry and expansion of packaging centres in the U.S. and Canada.

Request for a sample PDF @ https://www.futuremarketinsights.com/reports/sample/rep-gb-48

Conveyor systems demand s significantly increasing from the mining industry. Mining requires transportation and handling of large volume of heavy goods and debris. Low cost of conveyor system and minimum maintenance make them ideal choice for long distance transportation.

Rising per capita income and rapid economic growth in developing countries like India and Brazil are driving the manufacturing industry. This coupled with automation in fast-moving consumer goods (FMCG), baggage handling, and manufacturing industries will positively influence the market growth over the forecast period.

Industries are looking towards optimizing their manufacturing process to improve efficiency and production rate. This has encouraged advancements in conveyor system development and integration of automation in material handling system.

Automated conveyor systems eliminate human error, improve safety and boost the production volume with high repeatability. Owing to such benefits, companies are adopting modern conveyor system for material handling processes.

Surge in online retailing activities along with increasing demand for high quality goods will drive the adoption of conveyor and sortation systems in the retail industry. Companies are installing conveyor system to optimize warehouse spacing, sorting and cross-docking products, and automating their distribution process. Increase in online shopping in India, China, Brazil, and Chile will positively influence the market growth in upcoming years.

Key Takeaways from FMI’s Conveyor system Market Study

North America conveyor system market is forecast to expand at 3.5% CAGR due to rapid growth in online retail sector.
Growing adoption of automation in automotive and manufacturing industry, surging mining and construction activities along with growing e-commerce industry in the U.K. and Germany are the key factors driving the market in Europe.
Population surge, increase in demand for processed food, and presence of e-commerce giants like Alibaba group will drive the demand for conveyor systems in FMCG and packaging industries in China.
India is expected to offer lucrative opportunities as home to one of the leading the retail sectors after U.S. and China. Steady consumer demand and rising investment towards expansion of retail infrastructure will boost the demand for advanced material handling systems, such as conveyor systems.

Customization Before Buying @ https://www.futuremarketinsights.com/customization-available/rep-gb-48

“Increasing penetration of automation in material handling and distribution system and increase in number of supermarkets and distribution centers will boost the demand for conveyor system in upcoming years,” says the FMI analyst.

For critical insights on this market, request to ask an expert here @
https://www.futuremarketinsights.com/ask-question/rep-gb-48

Conveyor System Market – Report Scope

Who is winning?

Future Market Insights discusses the key trends shaping conveyor system market and highlights the strategies adopted by leading market players in the study.

Top players, including Daifuku Co., ltd., Schaefer Systems International, Inc., Interroll Holding AG, BEUMER GROUP, and Dematic Company accounted for 23.5% of the market in 2020. Some of the leading companies are investing in research and development activities to drive product launches.

For instance, SideDrive Conveyor Co. launched configurable side drive conveyor system in January 2021 for modular sanitary applications.

In response to pandemic, Multi-Conveyor collaborated with East Coast representatives to develop a hand-pack conveyor system to effectively follow social distancing in work place and launched “Barrier Spaced Conveyor” in July 2020.

To Buy this Report Visit @ https://www.futuremarketinsights.com/checkout/48

Dürr Group introduced automated guided vehicle designed for paint shops as a part of its intelligent production initiative in May 2019.

Prominent players operating in the conveyor system market are:-

Daifuku
BEUMER GROUP
Interroll Holding AG
Murata Machinery
Schaefer Systems International
Dürr Group

About Future Market Insights (FMI)

Contact Us:

Future Market Insights, Inc

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers

Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

Browse All Reports: https://www.futuremarketinsights.com/reports

LinkedIn| Twitter| Blogs

Carbonate Minerals Market Is Expected To See a growth of 6.0% | Future Market Insights

Widespread usage of paper in the fast moving consumer goods (FMCG) sector boosts the growth of the paper industry, which eventually leads to escalation of demand for carbonate minerals that are used in manufacturing paper.

Registering revenues of more than US$ 53 Bn in 2022, global carbonate minerals market is projected to exhibit a healthy CAGR during the forecast period of 2022 – 2029. Furthermore, carbonate minerals are used as both building materials and as an ingredient in cement. Flourishing construction industry is thus another major factor that creates positive prospects for the growth of carbonate minerals market.

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-309

Key Takeaways – Carbonate Minerals Market Study

The paper industry, particularly for printing and writing paper, is found to be the largest user of carbonate minerals, which is either used as a filler or as a coating on paper.
The finishing characteristics of paper such as gloss, whiteness, and ink are determined by the combination of minerals used. The rise in usage of calcium carbonate in the manufacturing of paper for improving the finishing of paper is correspondingly enhancing the demand for carbonate minerals.
Carbonate minerals have extensive applications in the construction industry. These minerals are present in the form of components of the binding agent in aggregates, mudstones, sandstone, and coal.
Carbonate minerals are widely used in paints & coatings as they improve brightness and helps to improve reliability and consistency of the coating, resulting in increased demand over the forecast period.
Asia Pacific excluding Japan (APEJ) region is leading the carbonate minerals market by virtue of continuous growth in the building and construction industry in developing countries from this region like China and India.

While carbonate minerals market is primarily driven by demand from construction and paper & pulp industries, the preference towards using carbonate minerals in the paints & coatings is expected to increase the demand for carbonate minerals in the foreseeable future.

Carbonate Minerals Market Participant Insights

The market for carbonate minerals has remained competitive with the presence of giant players with expertise in advanced manufacturing. With the aim of sustaining their positions in the market in the long run, solidification of the supply chain in regions such as the Middle East & Africa, APEJ, and Japan will be the key strategy adopted by market participants. Furthermore, players give importance to compliance with quality standards for production, while catering to the specific demands from the end users.

Why Demand for Carbonate Minerals is Rising in the U.S.?

The U.S. is projected to account for approximately 67.5% of the North America carbonate minerals market in 2029. In 2022, the market is expected to grow by 6.5% year-on-year, reaching a valuation of US$ 7,260.7 Mn by the end of 2022.

High investments in advanced mining technologies is augmenting the sales of carbonate minerals in the country. Private construction sector is growing with significant growth rate and contributes to more than 70% share in the construction industry. Moreover, the presence of leading companies like Minerals Technologies, Inc., IMERYS Carbonates LLC, and Huber Engineered Materials is expected to bolster the growth of these minerals in the country.

What Lies in Future?

The construction industry has witnessed considerable growth across the globe and this growth is expected to persist over the forecast period correspondingly supporting the growth in demand for carbonate minerals. Moreover, innovations and advancements in mining technology, especially in countries from the Middle East & Africa region, are creating new growth avenues for players in the global carbonate minerals market.

Report Customization Available @ https://www.futuremarketinsights.com/customization-available/rep-gb-309

Carbonate Minerals Markey by Category

By Mineral Type:

Calcite
Magnesite
Aragonite
Smithsonite
Dolomite

By Source Type:

Natural
Synthetic

By End Use:

Food and Beverage
Paints and Coatings
Plastic and Rubber
Paper and Pulp

About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

Automotive Brake System & Components Market projected to grow at a CAGR of 4.7% from year 2022 to 2032 | Future Market Insights

A new study conducted by Future Market Insights (FMI) reveals that demand for automotive brake system and components will be driven by innovation in automotive ingenuity over the next couple of years. Electronics has over time evolved as the most crucial part in automotive. Integration of electronics has provided new growth dimensions to the automotive safety system. With the arrival of advanced electronic brake technology, companies are now looking forward to channelizing resource on further research and product development. The automation sector is always under the radar of regulatory authorities and is required to comply with various rules that are incessantly enforced in the interest of both passenger safety and environmental preservation.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4009

FMI’s report titled “Automotive Brake System & Components Market: Global Industry Analysis and Opportunity Assessment, 2017-2027” projects that the global sales of automotive brake component will garner US$ 61,744 Mn by 2017-end. This is primarily attributed to the growing safety awareness among customers, which is prompting automotive manufacturers to use advanced braking systems in their vehicles. The global automotive brake system & component market is expected to reach a valuation of US$ 92,500 Mn by 2027 end, reflecting a CAGR of 4.1% during the forecast period (2017–2027). In addition, around 2,122.9 Mn units are expected to be sold towards the end of 2027. Also, the market is anticipated to witness a steady growth over the forecast period due to the rise in vehicle production worldwide. Continental AG, ZF Friedrichshaf en AG, Delphi Automotive PLC, Valeo S.A, Federal Mogul Holdings Corporation, Robert Bosch GmbH, Mando Corporation, and Akebono Brake Industry Co Ltd. are amongst some of prominent manufacturers of automotive brake systems & components with operations in several parts of the globe.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-4009

Additional Highlights of the Report Include:

On the basis of sales channel, aftermarket sales are expected to account for 51.1% value share of the market in 2017, which is expected to increase to around 54.3% by 2027.

Among vehicle type, demand for brake components in passenger cars is expected to remain robust throughout the forecast period. Passenger cars are expected to account for nearly 73.9% value share of the market over 2027.

The disc brake is expected to emerge as the most preferred brake type and is expected to witness a considerable rise in its demand during the forecast period.

The growth of high-performance cars and requirement for better friction materials to meet vehicle braking standards are observed as two of the major factors responsible for the market’s growth.

Direct Purchase of this Report@ https://www.futuremarketinsights.com/checkout/4009

Amongst regions, North America and Western Europe are currently exhibiting significant market potentials owing to the existence of well-established automobile manufacturers in these regions. Meanwhile, the market in Asia Pacific excluding Japan (APEJ) continues to expand at an impressive rate, which is attributed to the emergence of countries such as China and India as major manufacturing hubs.

Key Segments Covered in Automotive Brake System & Components Market Analysis

By Sales Channel:

OEM
- Drum Brake
- Disc Brake
Aftermarket
- Brake Booster
- Master Cylinder
- Drum Brake
  - Drum
  - Brake Shoe
  - Wheel Cylinder
- Disc Brake
  - Rotor
  - Caliper
  - Brake Pad

By Vehicle Type:

Passenger Car
LCV
HCV

By Region:

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

About Future Market Insights (FMI)

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

Polymer Concrete Market to Hit US$ 979.2 Mn by 2032 | Future Market Insights

The global polymer concrete market is worth US$ 465 Mn as of now and slated to reach US$ 979.2 Mn by the year 2032 at a CAGR of 7.7% between 2022 and 2032.

Polymer concrete comes across as a composite material using thermoplastic polymers with epoxy binder for hardening materials in construction vertical. The vital ingredients include gravel, water, and sand, which render it conducive to repair any of the concrete structures. Polymer concrete overpowers its counterparts with respect to impact strength. The prime end-users comprise industrial, municipal & residential, and commercial sectors.

An ever-increasing demand for polymer concrete in pump bases, chemical containments, waste containers, trench drains, and industrial flooring blocks is expected to take the polymer concrete market by storm going forward. This could be attributed to its ability of forming complex shapes, fast curing properties.

Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3659

Polymer concrete finds its usage in an aplomb in various drainage applications. It makes way for precise finishing and precision molding, which, in turn, promulgates appropriate hydraulic flow. This ascertains exceptional rate of discharge of water from pipe. These advantages are actually expected to drive demand for polymer concrete across a multitude of applications.

At the same time, the fact that polymer concrete is costlier than its counterparts cannot be ignored. Special kinds of plastics are being used as an alternative to polymer concrete. Also, there is a visible lack of awareness regarding benefits (like less dissipation of energy) of polymer concrete, especially in the developing economies. These factors would certainly restrain the polymer concrete market in the forecast period. Future Market Insights has entailed these findings with future perspectives in its latest market study entitled ‘Polymer Concrete Market’.

Key Takeaways from Polymer Concrete Market

North America holds the largest market share due to the US being subject to expansion of construction vertical. Research states that this sector alone has a headcount of 7 Mn employees. Novel bridges are being constructed in Beaver, Clinton, Clearfield.
Europe stands second on this count and the scenario is expected to remain unchanged even going forward.
The Asia-Pacific is expected to grow at the fastest rate in the polymer concrete market due to construction sector witnessing a boom.

“With construction sector in its full fervor, the global polymer concrete market is bound to witness grandeur in the upcoming period”, says an analyst from Future Market Insights.

Competitive Landscape

WACKER’s, in January 2022, unveiled Moscow Laboratory pertaining to cement and concrete additives. This laboratory is a part of WACKER’s new-fangled Innovation Hub for cement and concrete. Its major objective is that of rendering protection to cement and concrete from moisture – during storage as well as post-application.
Kwik Bond polyester concrete overlays do provide a 3-decade old solution, with unparalleled preservation and a 2-hour traffic return in various conditions.
Forte Composites manufactures pre-cast polymer concrete and also partners with its clientele for evaluating products made out of wood, fiberglass, or metal and identifying product improvements via usage of polymer concrete.
Dudick Inc. provides trowel applied, 3-component polymer concrete, which has been designed for diluting acids, solvents, alkali, and various other corrosive chemicals.
Braskem, in October 2019, introduced a recycled polypropylene product comprising one-time usable polypropylene string. After being processed and tested, string does give out pellets of homopolymer polypropylene (sustainability-oriented) that could be used in industrial sector.

Request for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-3659

What does the Report Cover?

Future Market Insights offers an exclusive perspective and various real-time insights on the polymer concrete market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on material type (polyester, vinyl ester, epoxy based, and others), by binding agent (natural resin and synthetic resin), by application (solid surface countertops, outdoor seats & benches, waste containers, pump bases, flooring blocks, chemical containments, trench drains, and others), and by end-use (industrial (energy & utilities, pulp & paper, chemicals, metallurgy, food processing, automotive, and other industrial), residential & municipal (buildings, roadways, pipes & tunnel liners, bridges, and others), and commercial (service stations, retail spaces, and other commercial establishments).

About Future Market Insights (FMI)

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

Market For Collaborative Robots Is Anticipated To Grow At An Astounding 26 Percent CAGR: FMI

By the end of 2022, the global collaborative robotics market is expected to exceed US$ 1.71 billion. The emergence of advanced robots capable of collaborating with humans in fields such as smart parts assembly and electronic component manufacture and assembly is increasing demand for collaborative robots.
According to Future Market Insights, the collaborative robotics market is estimated to exceed US$ 8.65 billion by 2029, rising at a startling CAGR of 26 percent between 2022 and 2029.
Up to 5kg collaborative robots are expected to be the most sought-after robots in the global market until 2029, based on payload capacity.As per FMI, East Asia is anticipated to dominate the global market, accounting for over 64.2% of the collaborative robots sales by 2022.

Request a Sample PDF @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8641

Estimated to exhibit an impressive CAGR of ~26% during the period 2022-2029, the growing automotive and electronic & semiconductors industry, incessant technological advancements, and enhanced range of applications of collaborative robots will remain instrumental to the market growth, according to the FMI analyst.
The East Asia Market Creating Significant Growth Opportunities

East Asia region is projected to boost the growth of the collaborative robots market, owing to the significant rate of automation across industries. South Korea is the leading country in robots per 10,000-person ratio, whereas China has currently registered the highest growth rate in the same ratio. The inclination of these countries toward collaborative robots fueled by significant innovations in technology is magnifying the market. Japan holds a major share of the market in the East Asia region. To that end, East Asia is expected to generate substantial growth opportunities in the forecast years.

Affordable Price and Multitude of Applications of Collaborative Robots Contributing to the Market Growth

The global collaborative robots market has been segmented based on the different types of payload capacities, their multiple applications, end-use industry and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.

Collaborative robots with payload capacity up to 5kg are projected to have the dominant share of growth in the upcoming years. Lightweight collaborative robots with payload capacity up to 5kg are being widely used for a range of applications. The segmental growth is followed by 5-10kg payload capacity collaborative robots.
Based on application, material handling is expected to hold a majority share of the global collaborative robots market which is implemented in several end-use industries. The general assembly is another segment that is projected to have a fair share in the market growth.
The electronics and Semiconductors industry is projected to have a significant share in the global collaborative robots market. Demand for high speed and precision work fulfilled by collaborative robots is benefitting the industry on a large scale.

Request Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-8641

Collaborative Robots Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global collaborative robots market. A few examples of key players in the market are Universal Robots A/S, AUBO Robotics, Denso Wave Incorporated, Fanuc Corporation, Stäubli International AG, Robert Bosch GmbH, KUKA AG, Precise Automation, Inc., ABB Group, Yaskawa Electric Corporation and K2 Kinetics among others. The global collaborative robots market is significantly dominated by some players holding prominent shares of the market. These players are indulging in strategic alliances, collaborations, mergers and acquisitions. For instance, ABB Group announced a collaboration with Kawasaki Heavy Industries Ltd. to share knowledge and are working on joint technical and awareness opportunities.

About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offers comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery used across the manufacturing sector. The team also conducts distinctive analyses about the installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as a budding industry.

Customization Before Buying, Visit @ https://www.futuremarketinsights.com/customization-available/rep-gb-8641

Collaborative Robots Market by Category

By Payload Capacity:

Up to 5kg
5-10kg
Above 10kg

By Application:

Welding
Material Handling
Quality Testing/Inspection
General Assembly
Painting/Spraying
Others (Surgery, Cleaners, Institutional)

By End Use:

Automotive & Transportation
Electronics & Semiconductors
Food & Beverage
Chemical & Pharmaceutical
Logistics
Healthcare
Others (Plastic, Metal & Machinery, Furniture & Equipment

By Region:

Americas
EMEA
South Asia & Pacific
East Asia

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape

Fiberglass Electrical Enclosure Market – Fiberglass Electrical Enclosure Market By Product Type (Junction Enclosures, Disconnect Enclosures, Operator Interface Enclosures, Environmental & Climate Control Enclosures, Push Button Enclosures), Design (Standard Type, Custom Type), End Use (Industrial, Residential & Commercial), Configuration (Wall Mount Enclosures, Floor Mount Enclosures, Freestanding Enclosures), & Region Forecast to 2022 – 2032

Automatic Capping Machine Market – Automatic Capping Machine Market by Material, Cap Types, End Use & Region – Forecast 2022 – 2032

Automatic Filling Machine Market – Automatic Filling Machine Market by Sales Type, Product Type, End-User Industry & Region – Forecast 2022 – 2032

Automatic Ducting Machine Market – Automatic Ducting Machine Market by Material Type, Structure Type, End Use Industry & Region – Forecast 2022-2032

Automatic Door Control Market – Automatic Door Control Market by Type, End-User & region – Forecast 2022 – 2032

About Future Market Insights (FMI)

Contact Us:

Future Market Insights, Inc
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

Demand In Passenger Boarding Bridge Market Is Anticipated To Grow At A CAGR Of 8%: FMI

The market for passenger boarding bridges was valued at US$ 1.88 billion in 2021, and by the end of 2029, sales are projected to reach US$ 3.10 billion. The demand for passenger boarding bridges is being driven by the aviation industry’s rapid automation and growing emphasis on safety measures.

Between 2022 and 2029, demand in the passenger boarding bridge market is anticipated to grow at a CAGR of 8%. Manufacturers of passenger boarding bridges will see opportunities for growth as passenger travel increases, particularly between emerging economies.

Through 2022 and beyond, Europe is anticipated to be the most lucrative regional market for passenger boarding bridges, followed by North America. In 2022, the global sales of passenger boarding bridges are anticipated to increase by over 27.9% in Europe.

Market Insights (FMI), in its latest study, underlines the growth trail of passenger boarding bridge market for the foreseeable period 2022-2029. According to the report, passenger boarding bridge market witnessed sales of 1,549 units in 2021, equaling revenues worth ~US$ 600Mn. As innovation makes notable inroads in the aviation industry, manufacturers of passenger boarding bridge are under high-press to develop technologically-advanced and convenience-centric offerings.

Strong outlook of the global airport infrastructure construction, coupled with the escalating convenience expectations of passengers, is shaping the dynamics of the passenger boarding bridge market.

Request a sample of this report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4624

Getting everyone on board in a safe and sound way has garnered increased traction of airport authorities, in line with the substantial rise in the air traffic over the years. Safety and ease have taken the center stage in every PBB development process, with companies vying to offer a win-win offering to passengers and operators, alike. It will be unsurprising to witness a large number of advanced PBBs, as market players shift their focus on development of AI-based automatic jet bridges that eliminates the need for skilled individuals, to close the gap between 10 cm.

Market players have been strategically devising approaches and investing in developing a differentiated passenger experience, to win the price war and appeal a wide pool of end-users. As automation of operational processes becomes an increasingly commonplace in the airports, it is highly likely for the market to witness substantial optimistic waves of change in the manufacturing of jet bridges.

As per the study, mobile telescopic bridges are witnessing increased traction from airlines, which led to sales of ~1,500 units in 2021, owing to their high flexibility and advanced features. An increasing number of companies have shifted their preference to mobile telescopic bridges over T-bridges, as the former can accommodate a wide range of aircrafts, while allowing easy installation as per various apron configurations.

Customization Before Buying, Visit @ https://www.futuremarketinsights.com/customization-available/rep-gb-4624

The study opines that as airports are increasingly shifting their objective towards providing a luxury experience to passengers, the demand for glass walled passenger boarding bridges has grown significantly. The aesthetic aspect of glass-walled passenger boarding bridges, which lies in the fact that these bridges make the experience of boarding the aircraft less confining has been pushing their adoption across an increased number of airports. As per the study, glass walled passenger boarding bridges accounted for ~65% market volume share in 2021.

By Key Segment:

Product:

Telescopic Bridges
T-Bridges

Structure:

Steel-walled
Glass-Walled

Type:

Fixed
Movable

Drive System:

Hydraulic System
Electro-Mechanical System

Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

Ask an analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-4624

Developing Regions – Hotbed of Opportunities for Stakeholders

In view of the growing lucrativeness of developing regions, such as Asia Pacific, leading players in the passenger boarding bridge market have placed their focus on securing contract for PBB supply in these countries. Asia’s proliferating commercial aviation sector has positioned the region as the largest and fastest growing market for airport infrastructure investments in the world. Several partakes have already shifted their goal coasts to Asia Pacific, and managed to obtain long-term supply contracts in the region. For instance, In September 2017, ADELTE landed in India with a contract for 12 airports, while seeking a long-term relationship to secure sales..

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 7-years.

Contact:
Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Latest Report: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

Tennis Equipment Market to Hit US$ 10.8 Bn by 2029 | Future Market Insights

The global tennis equipment market size is likely to reach US$ 9 Bn in 2022. According to the report, the tennis equipment market is projected to expand at a CAGR of ~2.9% during the forecast period. Racquets are expected to contribute the highest revenue share in the global tennis equipment market in 2022. In recent years, increasing number of women participation in sports activities such as tennis has been complementing the growth of the global sports industry, thereby potentially raising the demand for sports equipment.

The number of individual buyers of tennis equipment are likely to increase at rapid pace, owing to growing participation of young and cardio tennis players over the past few years. Additionally, manufacturers are on an innovation spree, as lightweight racquets, such as Head Graphene 360 Radical Lite racket, continue to gain significant tractions, enabling players to swing them faster and generate more topspin on the ball.

Independent sports outlet is estimated to be the leading sales channel in the global tennis equipment market in 2022, due to availability of high quality products at affordable price which is affecting larger competitors in the market.

According to FMI’s report, endorsement is one of the key strategies used by tennis equipment manufacturers to drive their sales. Shoes and apparels endorsed by athletes are 60% more likely to get sold as compared to those without any endorsement. Tennis shoes and apparels consumers are also being influenced by brand promotions done by their favorite stars.

Request Sample Report@
https://www.futuremarketinsights.com/reports/sample/rep-gb-8467

Additionally, various manufactures of tennis equipment have shifted their concentration heavily upon the distribution of equipment through online sales channels. It could be evidently seen that a majority of tennis shoe manufactures, such as Adidas, Puma, Yonex and Li Ning, have turned their attention to capture sales of tennis shoes through online channels, such as company’s official e-commerce websites and third-party e-commerce websites.

South & East Asia Remains Prominent Market for Tennis Equipment

Growing influence of professional tennis among the Asian population is offering a lucrative opportunity for tennis equipment market players in South & East Asia. Additionally, factors such as booming Chinese economy, development of sports infrastructure, and training facilities have created opportunities for various stakeholders in the sports equipment manufacturing ecosystem.

Profound interest of government as well as private sector in sports activities such as tennis has helped to strengthen the image of sports within the developing countries. Transition of casual to core tennis participation is likely to contribute substantial growth to the tennis equipment market. The increasing fitness trend among millennials in the Asia Pacific region is expected to provide an impressive growth to the tennis equipment market during 2022-2029.

Use promo code ->> FMITODAY to get flat 20% discount

Rising awareness about protecting our environment and the preference for natural products is expected to promote the growth of biodegradable and eco-friendly tennis products. People are preferring natural gut tennis strings, as an eco-friendlier option. These strings are made from recycled synthetics or alternative materials.

The raw material used in natural gut strings is a by-product of the meat industry, a viable alternative to petroleum-based plastics. Furthermore, people are preferring athletic clothing made from recycled or sustainable materials which is creating a massive opportunity for the growth of the global tennis equipment market during the forecast period.

FMI’s business intelligence also highlights significant insights into the competitive scenario of the tennis equipment market along with manufacturers’ differential strategies. Key players in the tennis equipment market are focusing on new product development and efficiency enhancement to gain brand penetration and loyalty among consumers. For example, in 2018, Amer Sports Corporation’s brand Wilson launched the Iconic John Wooden sneaker.

It features a revolutionary polyurethane sole that is lightweight. This launch was aimed at expanding the company’s product portfolio. According to FMI’s report, companies are also continuously expanding awareness about their products in the market by showcasing them at various events with the objective to increase sales as well as brand penetration in the tennis equipment market.

Inquire Before Buying This Research Report@
https://www.futuremarketinsights.com/ask-question/rep-gb-8467

Key Segments of Tennis Equipment Industry Survey

Tennis Equipment Market by Product Type:

Tennis Racquets
Tennis Balls
Apparel
Footwear
Ball Machines
Tennis Bags
Other Accessories

Tennis Equipment Market by Material:

Composites
Metallic
Other Materials

Tennis Equipment Market by Buyer:

Tennis Equipment for Individuals
- Tennis Gear for Beginners
- Tennis Equipment for Intermediate
- Advanced
Tennis Equipment for Institutional Use

Tennis Equipment Market by Sales Channel:

Tennis Equipment in Dedicated Stores
Tennis Equipment in Dedicated e-Commerce
Tennis Equipment from Specialty Retailers
Tennis Equipment in Multi-Brand Stores
Tennis Equipment for Online Retailers

Tennis Equipment Market by Region:

North America Tennis Equipment Market
Latin America Tennis Equipment Market
Europe Tennis Equipment Market
East Asia Tennis Equipment Market
South Asia & Pacific Tennis Equipment Market
Middle East & Africa (MEA) Tennis Equipment Market

Europe Carbide Tools Market Is Set To Account For 37.5% Of The Total Market Share In 2022 – FMI

In 2022, sales in the global market for carbide tools are anticipated to reach US$ 7.0 Bn. By 2029, the market size is expected to reach US$ 10.7 Bn, growing at a healthy 7.2% CAGR.

The market will be driven by the durability of machine tools and tool holders made of carbide. The edges of cutting equipment can be kept sharp with the help of carbide parting tools, which also have a longer lifespan.

Sales are expected to increase due to the widespread use of carbide lathe tools in machining applications. These tools’ distinctive qualities, such as their extended usable life, quick speed, superior wear resistance, shorter cycle times, and ability to maintain their cutting edge at high machining temperatures, will keep boosting sales.

Get Access To Sample Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-1775

Mergers And Acquisitions Boosting The Carbide Tools Market?

It is anticipated that an increase in mergers and acquisitions among national and international manufacturers will bring about prosperous opportunities for manufacturers of carbide lathe tools. These tactics not only open up new untapped markets but also aid in developing novel prospects in developing markets.

For instance, Mitsubishi Materials (MMC) successfully acquired a 30% stake in the Chilean Mantoverde copper mine in February 2021 for US$ 275 million. As part of the Mantoverde Development Project, MMC is slated to participate in the construction of facilities to support the processing and extraction of sulphide ore (MVDP). The market is expected to be driven by renowned companies implementing comparable strategies.

U.K. Carbide Tools Market Exhibiting High Demand?

“Carbide Hole Cutters are Showcasing High Demand Amid Surging Adoption of New Coatings”

Leading companies’ ongoing development of a number of new products in the U.K. is expected to boost sales. According to FMI, the market for carbide tools in Europe is expected to hold 37.5% of the overall market share in 2022.

For example, in December 2021, Horn Cutting Tools Ltd. (U.K.) unveiled IG6 and SG3, two distinct high-performance coatings for carbide inserts. In contrast to uncoated inserts, these are best suited for turning applications and can increase the service life of inserts by a factor of 10 or more.

The demand for carbide hole cutters is anticipated to rise in the coming years due to the rising number of new product launches in the U.K.

Customization Report Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-1775

How is the U.S. Carbide Tools Market Faring?

“Acquisitions between Leading Players to Propel the Sales of Carbide Turning Tools”

The market is expected to be driven during the assessment period by the presence of numerous manufacturers in the U.S. According to FMI, the market for carbide tools in North America is anticipated to account for 14.7% of the total in 2022.

For instance, in February 2022, Elkhart-based tooling solutions provider Tooling Concepts Inc. was purchased by Peak Toolworks. The former could strengthen its presence in the Midwest with the aid of this acquisition.

In order to expand and better serve its customers who are involved in the machining and cutting of metal, composites, plastics, and wood, the company will also open a facility in Elkhart. Sales of carbide turning tools are anticipated to soar as more and more major players with U.S. bases engage in acquisitions.

What is the India Carbide Tools Market Outlook?

“Expansion of the E-commerce Sector to Fuel the Demand for Carbide Parting Tools”

Sales in the Indian market are likely to increase in the coming years as a result of growing awareness of automation in the metal fabrication sector. According to FMI, the South Asian market for carbide tools is expected to account for 12.1% of the overall market.

ToolKart unveiled its most recent online e-commerce platform for industrial buyers to choose and buy cutting tools online without hassle in July 2020. The new website will allow users to source all of their tooling needs, including both special and common cutting tools.

In light of the COVID-19 pandemic, the company wants to reduce the abundance of inexpensive cutting tools currently on the market by supporting Indian producers and facilitating contactless transactions. Therefore, it is anticipated that the growth of India’s e-commerce sales channel will be beneficial for the market for carbide parting tools.

About Future Market Insights (FMI)

Contact Us:

Future Market Insights, Inc

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers

Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

Browse All Reports: https://www.futuremarketinsights.com/reports

LinkedIn| Twitter| Blogs