Polysulfide Resin Market Set to Surge to US$ 254.61 Million by 2033, Fueled by Robust Demand in Building Sector

The market for polysulfide resin was expected to be worth about US$ 163.65 million in 2022. By 2023, it is therefore anticipated to have generated US$ 254.61 million, with a CAGR of 4.1% from 2023 to 2033. Polysulfide resins are likely to be used more often in the construction industry due to their exceptional flexibility and weather resilience.

The demand for cars and airplanes on a global scale is increasing the use of polysulfide resins. The development of polysulfide resin is also aided by rising investments in framework modernization, such as platform infrastructure as well as internal architecture.

Building joints, window sealants, expansion joints, and panel joints are in great demand due to the expanding construction and building industries. The usage of polysulfide sealants in the building sector is expected to increase since they provide final goods remarkable flexibility as well as weather resistance. The market for polysulfide resin has expanded as a result. It is anticipated that the expansion of infrastructure-building operations across emerging nations will considerably increase demand for building chemical products like coatings and sealing compounds, driving the growth of the polysulfide resin market.

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Key Takeaways from the Market Study

  • Between 2018 and 2022, the demand for polysulfide resin rose at a modest CAGR of 1.2%.
  • In 2022, the thiokol segment is anticipated to hold around 75.2% of the market for polysulfide resin.
  • In 2023, the building and construction sector is anticipated to have 5163.65% of the global market share.
  • The United States market for polysulfide resin, which now accounts for 86.8% of all sales in North America, is predicted to rise by 4.1% annually in 2022.
  • Through 2033, India’s demand for polysulfide resin is anticipated to grow at a 5.1% CAGR.
  • With around 58.8% of the East Asian market, China is anticipated to dominate the production and consumption of polysulfide resin in 2022.

“The demand for both residential and commercial construction has expanded as the population has increased, which in turn is likely to boost the global demand for polysulfide resins,” remarks an FMI analyst.

Competitive Landscape

Prominent market participants for polysulfide resin are concentrating on increasing their production capacity by establishing new manufacturing facilities, particularly in emerging markets.

They depend on internet sales and distribution methods to expand their market reach internationally. Top firms are implementing growth methods including acquisition as well as joint ventures with lesser players to maintain their position in the business.

Prominent players in the polysulfide resin market are:

  • Nouryon
  • Toray Fine Chemicals Co. Ltd.
  • JSC Kazan Synthetic Rubber Plant
  • Arkema

Some key developments of the leading companies in this market are:

  • The Russian chemical producer JSC Kazan Synthetic Rubber Plant declared to launch a joint venture in Chirchik in 2022 that will be focused on producing chemicals needed by the footwear sector, like polyurethanes as well as rubber compounds. The demand for components as well as raw materials is high due to the industry’s rapid expansion and annual capacity target of 205 million units by the conclusion of the reporting year for footwear.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global polysulfide resin market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the polysulfide resin market, the market is segmented on the basis of fiber by product type (theokoles (liquid polysulfide elastomers), solid polysulfide elastomer), and end use (automotive & transportation, building & construction, industrial processing), and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa).

Key Segments Profiled In The Polysulfide Resin Market

By Product Type:

  • Thiokols (Liquid Polysulfide Elastomers)
  • Solid Polysulfide Elastomer

By End Use:

  • Automotive & Transportation
  • Aerospace
  • Automotive
  • Marine
  • Others
  • Building & Construction
  • Bridges
  • Roads
  • Commercial Construction
  • Others
  • Industrial Processing
  • Specialty Chemicals
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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T: +1-845-579-5705
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Shaping the Future of Automotive Die-Casting: Rising Urbanization and Renewable Energy Drive Demand for GRAPHACE Lubricants

Future Market Insights projects that the automotive die-casting lubricants industry size will reach US$ 129.18 million by 2023 and US$ 256 million by 2033, expanding at a CAGR of 7%. A growing urban population, coupled with rising automobile sales, will drive demand for automotive die-casting lubricants. Additionally, renewable energy technologies and measures to conserve energy are expected to enhance automobile die-casting lubricant sales.

Automotive parts have long been manufactured using die casting. Weight reduction has been achieved by casting engine blocks, transmission cases, and shock towers using this process. Diecast components are becoming larger and more complex, allowing heavier vehicles to be built from larger and more complex components. GRAPHACE lubricants are used in die casting to separate heated metal from molds. Die-casting machines use this material when producing magnesium and aluminum automotive parts. This enhances efficiency and environmental protection.

A common choice for industries that rely on metalworking is die casting. As a result of its versatility, reliability, accuracy, and repeatability, it is widely used. Automotive die-cast parts evolve to become larger and more complex over time, requiring new technologies and equipment for die lubrication. As nations around the world plan to reduce emissions, the automotive industry is being pressed to adopt more sustainable, greener transportation solutions. Engineers are specifically considering how to improve die-casting productivity and quality for large, complex parts. Furthermore, in addition to reducing production costs, manufacturers aim to reduce their die-casting process’ environmental footprint on the environment.

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Production lines are becoming increasingly smart and efficient as physical and digital processes intertwine. The rapid development of lighter materials, on the other hand, is forcing manufacturers to contribute to overall production efficiency by making lighter products. It has recently been announced that Tesla, a California-based electric vehicle manufacturer, is switching to die-casting underbody structures instead of a multi-piece welded/stamped assembly. An automobile industry revolution could be ushered in by the world’s largest die-casting machine capable of manufacturing one-piece castings of this size.

Key Takeaways in the Automotive Die Casting Lubricants Market

  • By 2033, die-casting lubricants will hold 96% of revenues generated by the segment.
  • The water-based lubricant market is expected to grow at a 4.8% CAGR between 2023 to 2033.
  • The automotive die-casting lubricants market in the United States will grow at a CAGR of 3.9% through 2033.
  • Aluminum is expected to dominate the market, accounting for 80% of the market share.
  • China is forecast to become an attractive market for automotive die-casting lubricants in 2023, with a market valuation of US$ 36.7 million.
  • Die-casting lubricants continue to be in high demand in Germany, which accounts for 32% of the European market.

Government-backed initiatives to boost electric vehicle production will augment market growth, along with an increased focus on research and development to implement sustainable automotive die-casting lubricant materials,”  – says an FMI analyst.

Competitive Landscape in Automotive Die-Casting Lubricants Market

Automotive die-casting lubricant manufacturers expand and penetrate new markets both organically and inorganically. The launch of new products, mergers, and partnerships are some examples of these strategies.

The key industry players are:

  1. Henkel AG & Co.KGaA
  2. Chem-Trend LP
  3. Quaker Houghton Inc.
  4. Moresco Corp
  5. The Hill and Griffith Company
  6. Geiger + Co. Schmierstoff-Chemie GmbH
  7. Ultraseal India Pvt. Ltd,
  8. CHEMTOOL INCORPORATED
  9. Condat SA
  10. Hardcastle Petrofer Pvt. Ltd
  11. Sunocs LLC
  12. J&S Chemical Corporation
  13. Lubgraf Synoils Pvt. Ltd
  14. Aoki Science Institute Co., Ltd
  15. Falcon Industrial Inc.
  16. Lafrance Manufacturing
  17. Marbo Italia spa
  18. Sunrise Chemtech Pvt. Ltd
  19. Acme Refining LLC

Key Market Developments:

  • In May 2023, Yeskomalube, India’s Most Promising Brand for Forging Lubricant Manufacturing, launched its new product line, YESKOTE, as part of its expansion into the casting segment. At the global engineering expo 2023 in Pune, the technology was unveiled. A new range of die coatings is available from YESKOTE, designed to be applied to high-pressure, low-pressure, and a variety of other applications in die casting.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global automotive die-casting lubricants market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the automotive die-casting lubricants market, the market is segmented on the basis of lubricant type (die-casting lubricants and plunger lubricants), die-casting material (aluminum, magnesium, and zinc), and region (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

Automotive Die Casting Lubricants Market by Category

By Lubricant Type:

  • Die-Casting Lubricant
  • Plunger Lubricant

By Type:

  • Water-based
  • Solvent Based
  • Other

By Die-Casting Material:

  • Aluminum
  • Magnesium
  • Zinc
  • Other

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Rising Demand for Fertilizers Propels Ammonium Thiosulfate Market to Projected US$ 719.6 Million Valuation by 2033: Growing Urbanization and Government Agricultural Investments Drive Expansion

Ammonium thiosulfate inhibits growth at a high agronomic rate of 250–5000 mg/kg soil, increasing the soil’s fertility. It reduces nitrification, the process by which ammonium is transformed into nitrate, which might lessen nitrate loss to the atmosphere and water. The ammonium thiosulfate market was expected to be worth close to US$ 345.4 million in 2022. By 2033, the same market is anticipated to have generated US$ 719.6 million, with a CAGR of 6.9% from 2023 to 2033.

The product yields rise by 9% to 11% whenever ammonium thiosulfate is applied to the soil, and the soil’s effectiveness is increased. According to the United Nations’ demographic agreement, the world’s population will expand by 40% to 9.15 billion people in 2050, necessitating a 70% increase in global food production. The need for nitrogen as well as phosphate-based fertilizers is anticipated to increase due to the rising demand for agricultural production worldwide. It is anticipated that there will be a large rise in demand for ammonium thiosulfate due to the growing need for additional nutrients within the soil.

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Thin layers of cadmium sulfide are formed when ammonium thiosulfate is added as a supply of sulfur for applications in electronics. It is applied to the processing of copper-gold ores in order to extract gold. It is also a component of photographic fixers, making it a rapid fixer that acts faster than fixers containing sodium thiosulfate. Ammonium thiosulfate has experienced a marked rise in demand from a variety of end-use sectors due to its expanding use in several applications, including agrochemicals, medicines, agriculture, water treatment, and the mining industry, among others.

Key Takeaways from the Market Study

  • In East Asia, the liquid form sector is anticipated to make up more than 77.1% of the total volume consumed in 2023.
  • From 2023 to 2033, revenues in the fertilizer category are anticipated to increase at a 4.7% CAGR.
  • In North America, the industrial grade category is anticipated to make for around 97.2% of sales by 2022.
  • Through 2033, India’s demand for ammonium thiosulfate is anticipated to grow at a 5.3% CAGR.
  • The market for ammonium thiosulfate in the United States is anticipated to expand with over 4% CAGR from 2023 to 2033.

“The ammonium thiosulfate fertilizer trade has expanded significantly as a result of factors such as rising worldwide food demand and agricultural expansion in major areas such as South America, Europe, and Asia Pacific,” remarks an FMI analyst.

Competitive Landscape in the Ammonium Thiosulfate Market

Companies that sell ammonium thiosulfate are striving to form strategic alliances and partnerships with other producers in order to increase their product production and meet the demand of a growing patient base. Important firms are also developing new manufacturing facilities to increase their production capacity, particularly in the United States and Europe.

Prominent players in the ammonium thiosulfate market are:

  1. Tessenderlo Kerley, Inc.
  2. Koch Nitrogen International Sarl
  3. Kugler Co.
  4. Martin Midstream Partners
  5. TIB Chemicals AG
  6. Esseco Srl
  7. PCI Nitrogen
  8. Shakti Chemicals

Some key developments of the leading companies in this market are:

  • Koch Fertilizers, LLC began construction of a 2-million-gallon ammonium thiosulfate (ATS) facility at its Fort Dodge facility in May 2021 to meet increased demand. The facility will be completed and functioning by December 2021.
  • Tessenderlo Kerley successfully introduced Thio-Sul®, an ammonium thiosulfate solution fertilizer, on the Ukrainian agriculture market in 2022. Thio-Sul®’s extended sulfur nutrition benefits important broad-acre plants including corn, potatoes, rapeseed, and wheat while simultaneously enhancing the efficiency of nitrogen nutrition.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global ammonium thiosulfate market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the ammonium thiosulfate market, the market is segmented on the basis of fiber by form type(powder, liquid), grade(industrial grade, photo grade), end use(fertilizer, photochemical, mining), and across five major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa)

Ammonium Thiosulfate Market by Category

By Form Type:

  • Powder
  • Liquid

By Grade:

  • Industrial Grade
  • Photo Grade

By End Use:

  • Fertilizer
  • Photochemical
  • Mining
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

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
Website: https://www.futuremarketinsights.com
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Online Catering Marketplace Set to Surge, Anticipated to Reach US$ 119.9 Billion by 2032

Online Catering Marketplace

The online catering marketplace is expected to escalate at a CAGR of 4.6% from US$ 76.3 Billion in 2022 to US$ 119.9 Billion by 2032.

The Online Catering Marketplace is witnessing substantial growth as it transforms the way people plan events and order food. With its convenience and wide variety of options, the marketplace has become a go-to platform for individuals and businesses looking for hassle-free catering solutions. The digitization of the industry and increasing demand for personalized menus drive the market’s expansion.

Global online catering marketplace share growth is being fueled by a number of factors, including greater disposable income, more food consumption, increased internet access, and higher financial growth.

Online meal ordering and increased expenditure on food consumed outside the home are two factors that have contributed to the growth in popularity of online catering marketplaces.

The company’s website says they’re working on a plan to expand their online presence, but they’re also looking for help from the community. The expansion of the online catering marketplace is largely due to this factor.

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Furthermore, online catering marketplace assists local and small businesses in expanding their earnings by making their menus available online. The popularity of the online catering marketplace is expected to expand substantially between 2022 and 2032 as a result of these causes.

COVID-19 had a detrimental influence on the online catering marketplace since restaurants and cafés were forced to close for an extended period of time due to the global lockdown; as a result, the online catering marketplace market share fell.

New and novel business models are being implemented to solve the issues faced by online catering marketplace players as a result of the COVID-19 outbreak. Innovative marketing strategies are expected to entice customers back to the online catering marketplace, allowing them to spend more money in a variety of ways.

Key Takeaways:

  • By service type, the wedding catering segment is anticipated to dominate the online catering marketplace during 2022-2032.
  • By application, the corporate segment is projected to dominate the online catering marketplace with a CAGR of 4.2% during 2022-2032.
  • North America is expected to have the greatest share of the online catering market. Due to consumer preferences of eating out most days of the week and the growth of online catering marketplaces in the country over the last few years, the United States is the largest market in North America.
  • Mexico online catering marketplace is predicted to develop at a consistent CAGR in this region due to the growing millennial population, changing consumer habits in the country, and an increasing number of tourists visiting the country.
  • The Asia Pacific online catering marketplace is estimated to grow at the fastest rate during the forecast period.
  • Growing urbanization and the rise of the middle class in Asia Pacific are propelling the growth of online catering marketplace size.
  • In China, online catering marketplace sales increased by 23.1 percent year over year, and online food orders accounted for 5% of overall HRI income, with significant growth projected in the next years.
  • The European online catering marketplace share faced more challenges in 2020 than it had ever faced before.

Competitive Landscape:

Key companies profiled in the online catering marketplace report include CMARKETPLACE CATERING, ezCater, Inc., SmartBite, Yummy Corp, Smunch . Co, Sodexo, Mitie Group plc, Olive Catering Services Ltd, Forkable.

To fulfil expanding client demand, the majority of online catering marketplace participants are focussing on developing innovative strategies. Several market participants are also focused on growing their businesses internationally.

Recent Developments in Online Catering Marketplace:

  • Partnerships, Product Launches, Collaborations, and Agreements:
  • S. Krispy Kreme, Inc. teamed with its franchise partner Americana Group to open the first Krispy Kreme shop in Egypt in North Carolina.
  • Pizza Hut and Beyond Meat teamed up to produce Beyond Pepperoni, a delectable plant-based version of Pizza Hut’s pizza topping and a first for both brands.
  • Pizza Hut teamed with Hindustan Unilever in August 2021 to introduce the FMCG firm’s Kwality Wall’s ice cream and desserts to its dine-in, delivery, and takeaway menus in India.
  • Domino’s Pizza teamed with ITC Foods and launched Domino’s Essentials in April 2020, following COVID-19.

Key Segments:

By Service Type:

  • Wedding Catering
  • Social Event Catering
  • Restaurant Catering
  • Others

By Application:

  • Corporate
  • Educational Institutions
  • Healthcare
  • Industrial
  • Hospitality Services
  • Others

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

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
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Electric Vehicle Battery Housing Market Projected to Surge to US$ 24,219.1 Million by 2033, Reflecting a Robust 31.8% CAGR

According to ESOMAR-certified Future Market Insights’ (FMI) – Over the forecast period, the global electric vehicle battery housing market is expected to grow at a rapid CAGR of 31.8%. The market is expected to reach US$ 1,531.1 Million in 2023. The market is anticipated to reach US$ 24,219.1 Million by 2033.

Consumer acceptance of electric car battery housing is increasing, resulting in market expansion. The unexpected increase in demand would stimulate an expansion of capabilities across the whole value chain. The government’s tough pollution laws coupled with individuals’ growing environmental concerns are expected to drive up demand for battery housing for electric vehicles.

Owing to the growing market demand for electric cars, manufacturers are concentrating more on developing EV safety features. As the next step in the evolution of electric vehicles, they are also creating battery housing to strengthen EVs and boost range.

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Concerns about climate change and the looming depletion of fossil fuels have pushed efforts to develop better electric vehicle designs. Battery casings for electric cars perform worse than conventional battery enclosures. Additionally, it is more eco-friendly. Non-metallic components provide strong mechanical properties, such as high rigidity and strength while being lightweight. When compared to metallic materials such as aluminum or steel, an electric car battery housing made of non-metallic components can save up to 40% weight.

There are distinct benefits to adopting an electric vehicle battery housing. To craft the mobility of the future even more capable, electric vehicle makers are rapidly adopting battery housings, which is growing sales of the electric vehicle battery housing.

Europe is leading the global electric vehicle battery housing market as a result of growing government support for the EV market, despite the fact that electric vehicles are currently expensive. Furthermore, the significant concentration of OEMs in the region encouraged market development.

KEY TAKEAWAYS

  • The UK electric vehicle battery housing market is estimated to grow at a CAGR of 28% over the forecast period.
  • The German electric car battery housing market is expected to hold 11.2% of the global market over the forecast period
  • During the projection period, the Chinese electric vehicle battery housing market is expected to expand at a CAGR of 26.4% through 2032.
  • Japan is expected to hold 1.1% of the global market over the forecast period.
  • The Indian electric vehicle battery housing market is expected to have the highest global market share, growing at a CAGR of 42.2%.
  • Over the projected period, the US electric vehicle battery housing market is expected to hold 9.3% of the global market.

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COMPETITIVE LANDSCAPE

Key players operating in the electric vehicle battery housing market are SGL Carbon, Novelis Inc., Nemak S.A.B. de C.V, Constellium SE, Gestamp Automocion, UACJ Corporation, GF Linamar LLC, Hanwha Advanced Materials, Minth, Continental Structural Plastics, Thyssenkrupp AG, TRB Lightweight, Hitachi Metals Ltd., POSCO, Norsk Hydro ASA and other major players.

These companies have used a variety of techniques to improve their market share for electric vehicle battery housing. To widen their client base and increase revenue, they have used both organic and inorganic growth techniques, such as new product launches, acquisitions, corporate expansions, and collaborations.

RECENT DEVELOPMENT

In October 2021, Novelis Inc. revealed the introduction of Generation II of its lightweight electric vehicle (EV) battery enclosure solution for the rapidly growing EV sector.

In January 2020, Nemak disclosed that it will provide battery housings for the Ford Mustang Mach-E, which will be produced in North America.

Key Segmentation of the Electric Vehicle Battery Housing Market

By Material:

  • Metallic
  • Non-metallic

By Application:

  • Passenger Vehicle
  • Commercial Vehicle

By Cell Format Type:

  • Pouch Cell
  • Cylindrical Cell
  • Prismatic Cell

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & ASEAN
  • Oceania

Explore Wide-ranging Coverage of FMI’s Automotive Landscape

Bicycle Light Market:

https://www.futuremarketinsights.com/reports/bicycle-light-market

Automotive DC-DC Converter Market:

https://www.futuremarketinsights.com/reports/automotive-dc-dc-converter-market

Autonomous Vehicles Market:

https://www.futuremarketinsights.com/reports/autonomous-vehicles-market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

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
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Track Geometry Measurement System Market Set to Surge with 6.3% Projected CAGR by 2033, Reaching US$ 6.3 Billion

The Track Geometry Measurement System Market is forecast to garner revenue of US$ 6.3 Billion by 2033, up from US$ 3.4 Billion in 2023, advancing at a rate of 6.3% from 2023 to 2033.

The track geometry measurement system market is experiencing significant growth as the demand for precise rail maintenance and enhanced safety intensifies. Integrating advanced technologies such as laser scanning and data analytics, these systems offer data-driven insights for optimizing track conditions.

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With a focus on accuracy and efficiency, the market aims to improve maintenance planning, identify potential issues, and ensure compliance with safety standards.

As rail networks expand and modernize globally, the track geometry measurement system market is crucial in providing real-time monitoring and analysis. This trend reflects the industry’s commitment to continuously leveraging innovative solutions to improve rail infrastructure maintenance and safety.

Advancements in technology, such as laser scanning, LiDAR, and imaging systems, have transformed track geometry measurement systems. These innovations enable non-contact measurements with improved accuracy and efficiency, reducing the need for physical contact with the tracks and minimizing operational disruptions.

The integration of artificial intelligence and data analytics has revolutionized the market. These technologies enable real-time monitoring, predictive maintenance, and data-driven decision-making.

Machine learning algorithms analyze vast amounts of data to detect potential track defects, optimizing maintenance planning and ensuring proactive repairs.

Despite the positive market outlook, the track geometry measurement system industry faces challenges.

These include the high cost of advanced measurement equipment, the need for skilled technicians to operate and interpret the data, and the complexity of integrating track geometry data into existing maintenance and asset management systems.

Addressing these challenges requires collaboration between industry stakeholders and continuous technological advancements.

Several trends are shaping the track geometry measurement system market. Integration with geographic information systems (GIS) allows for better track data visualization and mapping.

The development of portable and handheld measurement devices provides flexibility and ease of use for on-site measurements.

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Key Takeaways From Track Geometry Measurement Systems Market:

  • By 2033, the United States will hold a value share of US$ 920.8 million in the track geometry measurement system industry.
  • The market size in China is expected to account for US$ 1.6 billion by 2033 on a global level.
  • Based on operation type, the no-contact sub-segment will likely secure a 6.2% CAGR during the forecast period.
  • Based on components, the hardware sub-segment is predicted to grow at 6.1% from 2023 to 2033.
  • The market for track geometry measurement systems in the United Kingdom will likely secure a 4.7% CAGR from 2023 to 2033.

Competitive Landscape of Track Geometry Measurement System Industry

The competition landscape in the industry is structured with several key players vying for market share and striving to differentiate themselves in a dynamic marketplace.

Leading companies in the TGMS industry have established a strong presence and hold a significant market share. These companies often have a comprehensive product portfolio, extensive industry experience, and a global footprint. They invest heavily in research and development to drive innovation and maintain their competitive edge.

The TGMS market also witnesses the emergence of start-up companies that bring disruptive technologies and novel solutions to the industry.

These agile and innovative start-ups leverage advanced technologies, such as artificial intelligence, machine learning, and the Internet of Things (IoT), to offer cutting-edge track geometry measurement systems.

Collaborations and partnerships between companies are common in the TGMS industry. Strategic alliances enable companies to leverage each other’s strengths, combine resources, and expand their market presence.

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Top 10 Key Players in the Track Geometry Measurement System Market:

  1. Balfour Beatty
  2. BENTLEY SYSTEMS Inc.
  3. Deutzer Technische Kohle GmbH
  4. Fugro
  5. Goldschmidt Thermit GmbH
  6. MERMEC Inc.
  7. Plasser & Theurer
  8. R.Bance & Co Ltd
  9. Siemens
  10. Vista Instrumentation LLC

Segmentation Analysis of Track Geometry Measurement System Market

By Railway Type:

  • High-speed Railways
  • Conventional Railway
  • Heavy Haul Railways
  • Light Railways

By Operation Type:

  • Contact
  • No-Contact

By Component:

  • Hardware
    • Navigation Equipment
    • Communication Equipment
    • Camera
    • Sensor
    • Others
  • Software
  • Services

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore FMI’s Extensive Ongoing Coverage on Automotive Domain

Automotive Lead Acid Battery Market

Automotive Wiring Harness Market

Automotive Head-up Display Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani   

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
Website: https://www.futuremarketinsights.com
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Europe Automotive Tire Market Expected to Surge to US$ 108.7 Billion by 2033 with 4.8% CAGR Growth

As per Future Market Insights (FMI), the Europe automotive tire market value is projected to rise from US$ 68.4 billion in 2023 to US$ 108.7 billion by 2033. Sales of automotive tires across Europe are likely to soar at 4.8% CAGR throughout the forecast period.

Rapid growth of automotive sector, adoption of electric vehicles, and innovations in tires are key factors driving the Europe market forward.

Automotive tires significantly impact vehicle safety and performance. Europe automotive tire manufacturers are continuously innovating to improve tire technologies, materials, and tread patterns to enhance grip, handling, and braking capabilities. These advancements contribute to increased vehicle safety, reducing the risk of accidents and improving overall driving experience.

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The automotive sector is increasingly focusing on fuel efficiency and environmental sustainability. This is encouraging automotive tire manufacturers in Europe to introduce novel solutions with enhanced features.

New automotive tires are designed to minimize rolling resistance, which helps reduce fuel consumption and lower carbon emissions. The development of low rolling resistance tires and eco-friendly tire materials supports the industry’s sustainability goals and aligns with stricter environmental regulations.

The rise of electric vehicles presents new challenges and opportunities for automotive tire manufacturers. Europe-based tire manufacturers are developing specialized tires for electric vehicles to optimize performance and range. These tires are designed to reduce rolling resistance, enhance energy efficiency, and maintain suitable load-carrying capacity for the weight distribution of EVs.

The automotive sector is witnessing the integration of digital technologies into tires, enabling advanced functionalities and features.

Automotive tire manufacturers are incorporating sensor technologies, tire pressure monitoring systems (TPMS), and tire data analytics to provide real-time tire condition monitoring, improve safety, and optimize tire performance. These advancements contribute to the digital transformation of the automotive market and will boost the Europe tire industry.

Key Takeaways from the Europe Automotive Tire Market:

  • The Europe automotive tire industry is expected to surpass a valuation of US$ 108.7 billion by 2033.
  • Germany automotive tire market is projected to reach US$ 11.4 billion by 2033.
  • The United Kingdom automotive tire industry is forecast to expand at a CAGR of 4% through 2033.
  • Spain market size is expected to reach US$ 8.7 billion by 2033.
  • Automotive tire demand in France is forecast to rise at 7% CAGR during the assessment period.

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Who is Winning?

The Europe automotive tire market is highly competitive due to presence of several tire manufacturers operating in the region. The competition is characterized by factors such as brand reputation, product quality, technological innovation, distribution networks, and pricing strategies.

Leading global tire manufacturers have a significant presence in the European market. Companies such as Michelin, Bridgestone, Continental, Goodyear, Pirelli, and Dunlop are well-established and have strong brand reputations. These manufacturers offer a wide range of tire options for various vehicle segments and have a robust distribution network across Europe.

There are also regional tire manufacturers that compete in the European market. These companies may have a strong presence in specific countries or regions within Europe and focus on catering to the local market demands. Some notable regional players include Nokian Tyres, Hankook Tire, and Giti Tire.

Tire manufacturers compete in terms of technological advancements and innovations. This includes the development of new tire materials, tread patterns, and manufacturing processes that enhance tire performance, durability, fuel efficiency, and safety. Innovations such as run-flat tires, self-sealing tires, and intelligent tire systems provide a competitive edge to manufacturers.

The ability to offer a diverse product range and cater to various vehicle segments is crucial for competition in the European market. Manufacturers differentiate their tire offerings based on factors such as tire size, performance characteristics (e.g., summer tires, winter tires, all-season tires), and specific vehicle requirements (e.g., high-performance tires, SUV tires, eco-friendly tires).

Pricing is a significant factor in the competitive landscape of the automotive tire industry. Manufacturers employ various pricing strategies to attract customers, including competitive pricing, promotional offers, discounts, and bundling with other automotive services. Balancing competitive pricing with maintaining profitability is crucial for manufacturers.

Overall, the Europe automotive tire industry is highly competitive, with a mix of global and regional players vying for market share. Factors such as brand reputation, product quality, innovation, distribution networks, pricing, and sustainability initiatives are key determinants of success in this competitive landscape.

Recent developments:

  • In 2023, Continental Tires signed a Memorandum of Understanding with Indag Rubber to facilitate the second life of tires.

Europe Automotive Tire Market Segmentation

By Vehicle:

  • Passenger Cars
  • LCV
  • HCV
  • 2/3 wheelers
  • Specialty Vehicle

By Aspect Ratio:

  • 35 to 55
  • 65 to 70
  • 75 to 85
  • Granite
  • Wood
  • Others

By Material Type:

  • Natural Rubber
  • Synthetic Rubber

By Tire Type:

  • All season Tire
  • Winter Tire
  • Touring Tire
  • Special Tire

By Ply Type:

  • Radial
  • Bias

By Sales Channel:

  • OEM
  • After Market

By Tube Category:

  • Tube Tire
  • Tubeless Tire

By Country:

  • Germany
  • Italy
  • France
  • United Kingdom
  • Spain
  • Netherlands
  • Luxembourg Countries
  • Belgium
  • Russia
  • Rest of Europe

About FMI – Automotive

The Automotive division of Future Market Insights (FMI) Research offers a novel approach and innovative perspective in analyzing the automotive tire market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry.

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Automotive Radar Market:

https://www.futuremarketinsights.com/reports/automotive-radar-market

Automotive Timing Chain & Belt Market:

https://www.futuremarketinsights.com/reports/automotive-timing-chain-belt-market

Automotive Wiring Harness Market:

https://www.futuremarketinsights.com/reports/global-automotive-wiring-harness-market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

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
Website: https://www.futuremarketinsights.com
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Automotive Connectivity Market: Projected Surge to US$ 190.29 Billion by 2033, Propelled by a Robust 19% CAGR Growth Trajectory

The global Automotive Connectivity Market is projected to register at a moderate-paced CAGR of 19% over the forecast period. The automotive connectivity market is currently valued at US$ 33.42 Billion in 2023. By 2033, demand for automotive connectivity is expected to reach a high of US$ 190.29 Billion.

The demand for automotive connectivity is anticipated to rise as a result of factors like the introduction of strict safety standards, the rising popularity of high-end luxury vehicles, the advent of 5G infrastructure, autonomous vehicles, and the increasing prevalence of integrated connectivity.

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Connected Car Industry is headed by the Installation of Cybersecurity Systems

One important automotive connectivity market trend is the increasing incorporation of cybersecurity solutions into automotive safety systems. Data has emerged as an increasingly important part of the automotive sector in recent years. When driving a “connected” vehicle, the user’s smartphone is integrated with the car’s infotainment system. There is a significant chance that the user’s data, which may include personal and financial data, will be compromised. Google and Apple, two of the biggest names in tech, are working on cybersecurity software for cars to stop data theft. These apps are simple to use, keep tabs on the safety of the car, and alert the owner if an unauthorized person attempts to access the system from another device. For instance, DENSO collaborated with Dellfer on the creation of the ZeroDayGaurd 1.0 cybersecurity solution for the automotive industry.

Key Takeaways

  • Market analysts believe that the driver assistance subsector would grow at the highest rate during the next few years.
  • During the foreseen time frame, the 5G sub segment is expected to generate the most revenue. In order to improve the connectivity between vehicles and external devices, several telecommunications firms are working on the next-generation 5G networks.
  • The automotive connectivity market is predicted to improve as a result of a rise in demand for lightweight suspension systems and the development of innovative suspension systems.
  • Automotive manufacturer partnerships that showcase the benefits of connected parking are likely to accelerate its widespread adoption.

Competitive Landscape

Continental AG, Robert Bosch GmbH, Harman International Industries, Inc., DENSO Corporation, Airbiquity Inc., and Visteon Corporation are the most prominent players in the automotive connectivity market. Over the projection period, the connected features of automobiles are expected to become commonplace in emerging markets like China, India, etc., where original equipment manufacturers (OEMs) have begun including such technologies in their newest models.

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Recent Developments in the automotive connectivity market include:

The London Electric Vehicle Company (LEVC) and Geotab, the industry leader in the Internet of Things and linked transportation, announced a new agreement in May 2022 to equip LEVC’s electric TX taxi and VN5 van with cutting-edge fleet management technology.

For the purpose of creating a connected vehicle platform, Robert Bosch GmbH partnered with Mahindra & Mahindra in August 2021. This collaboration will aid in expanding and improving the logistics connectivity platform.

Ford Motor Company and Google struck a strategic collaboration agreement in February of 2021 to collaborate on the creation of new automotive connectivity service software. This collaboration will benefit Ford Motor Company’s connected car division.

Key Segments in the Automotive Connectivity Market

Technology:

  • 3G
  • 4G/LTE
  • 5G

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Connectivity:

  • Integrated
  • Embedded
  • Tethered

End-Users:

  • Original Equipment Manufacturer (OEMs)
  • Aftermarket

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore FMI’s Extensive Ongoing Coverage on Automotive Domain

Automotive Glass Market Size is estimated to capture a valuation of US$ 3.85 billion in 2023 and is projected to rise to US$ 5.70 billion by 2033.

Windscreen Adhesives Market Share is projected to be worth US$ 2.8 billion in 2023. The market is likely to surpass US$ 5.5 billion by 2033 at a CAGR of 7.8% during the forecast period.

ASEAN Automotive Aftermarket Demand is expected to expand its roots at a steady CAGR of 8.5% during the forecast period.

Automotive Engineering Services Market Trends will likely expand at a CAGR of 7.17% between 2023 and 2033, reaching US$ 3.2 billion by 2033.

Automotive Repair & Maintenance Services Market Growth is expected to attain a valuation of US$ 915.88 billion in 2023 and is projected to reach US$ 1,850 billion by 2033, registering a CAGR of 7.2%.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

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
Website: https://www.futuremarketinsights.com
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Smart Motors Market Projected to Achieve US$ 3.2 Billion by 2033 with Steady 5.2% Growth

The smart motors market is forecasted to garner revenue of US$ 3.2 billion by 2033, up from US$ 1.9 billion in 2023 advancing at a rate of 5.2% from 2023 to 2033.

The smart motors market has been witnessing significant growth in recent years, driven by the increasing adoption of industrial automation and the integration of Internet of Things (IoT) technologies.

Smart motors, equipped with advanced control systems and communication capabilities, offer enhanced efficiency, improved performance, and seamless integration within automated systems.

The rapid expansion of industrial automation across various sectors has fueled the demand for smart motors.

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The ability of smart motors to optimize energy consumption, enables precise control, and improve overall system efficiency has made them indispensable in modern industrial processes.

Stringent energy efficiency regulations imposed by governments worldwide have propelled the adoption of smart motors.

The government regulations aim to reduce energy consumption and carbon emissions, making energy-efficient solutions like smart motors an attractive choice for industries seeking to comply with environmental standards.

The market is also confronted with challenges such as the upfront costs associated with implementing smart motors which hinder some organizations.

The advanced features and technologies embedded in smart motors often come with a higher price tag, requiring businesses to carefully evaluate the long-term benefits and return on investment.

The transition towards renewable energy sources presents a significant opportunity for smart motors.

As the world focuses on reducing carbon emissions and achieving sustainability goals, the integration of smart motors in renewable energy generation and distribution systems can optimize efficiency, enhance control, and facilitate seamless integration with smart grids.

The growing industrialization and infrastructure development in emerging markets offer promising opportunities for smart motor manufacturers.

As various regions embrace automation and seek energy-efficient solutions, the demand for smart motors is expected to surge, creating a lucrative market for industry players.

Key Takeaways:

  • The market in the United States of America is forecasted to hold revenue of US$ 1 billion in 2033.
  • The market in the United Kingdom is likely to account for a value share of US$ 153.7 million in 2033 on a global level.
  • During the forecast period, the 24V sub-segment is projected to advance at 5.1% CAGR based on product type.
  • Based on application, the industrial sub-segment is predicted to move forward at a rate of 5.0% from 2023 to 2033.
  • The market for smart motors in China is likely to secure a market share of US$ 257.3 million by 2033.

How Fierce is the Competition in the Smart Motors Industry?

The smart motors industry is highly competitive, characterized by intense rivalry among major players such as Rockwell Automation, Moog, Inc, Fuji Electric Co., Ltd., ABB Ltd, and Siemens AG.

The market is crowded with numerous companies vying for market share and striving to gain a competitive edge. The competition is driven by factors such as technological advancements, product innovation, pricing strategies, and customer satisfaction.

Major companies in the industry are continuously investing in research and development to enhance their product offerings and stay ahead of the competition.

They are focusing on developing advanced features and functionalities to meet the evolving demands of customers. Additionally, strategic partnerships, mergers, and acquisitions are common strategies employed by market players to expand their market presence and gain a competitive advantage.

The industry’s competitive landscape is also shaped by factors such as brand reputation, distribution networks, and after-sales services. Companies are emphasizing customer-centric approaches to differentiate themselves and build long-term relationships with their clients.

Key Players in the Market

  • Rockwell Automation
  • Moog, Inc.
  • Fuji Electric Co., Ltd.
  • ABB Ltd.
  • Siemens AG
  • Schneider Electric SE
  • General Electric
  • Dunkermotoren GmbH
  • Technosoft SA
  • RobotShop, Inc.
  • Roboteq, Inc.

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Market Segmentation by Category

By Product:

  • 24V
  • 18V
  • 36V
  • 48.24V

By Application:

  • Industrial
  • Automotive
  • Consumer Electronics
  • Aerospace and Defense
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

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
Website: https://www.futuremarketinsights.com
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Horse Grain Feeders Market Gallops Towards US$5.79 Billion by 2033, Driven by 5.2% CAGR and Focus on Equine Health

The global horse grain feeders market is on track for significant growth, with a projected valuation of US$5.79 billion by 2033. This expansion is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 5.2%, building upon a market size of US$3.49 billion in 2023.

A key driver of this growth is the increasing adoption of horse grain feeders. These feeders offer a controlled and efficient way to dispense grain and other feed to horses, minimizing waste and promoting a clean feeding environment. Horse owners and breeders are recognizing the benefits of these feeders in optimizing equine nutrition, ultimately enhancing horse health and operational efficiency.

The market’s expansion reflects the growing awareness of the importance of proper equine care and management practices. Stakeholders in the horse industry can anticipate significant opportunities within this growing market segment.

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One of the prominent trends observed within the market pertains to the surging popularity of automatic grain feeders. Notably, horse owners and breeders are increasingly gravitating towards these advanced feeders due to their innate capacity to dispense feed at predetermined intervals. This feature greatly facilitates the management of horses’ feeding schedules, offering a heightened level of convenience and efficiency. As automatic grain feeders become more readily accessible and cost-effective, their adoption is anticipated to witness a substantial uptick.

Another noteworthy trend contributing to market expansion is the escalating emphasis on animal welfare. Horse owners are displaying a heightened awareness regarding the pivotal role of providing their equine companions with optimal nutrition and care. Consequently, there exists a growing demand for high-quality feeders that can effectively address these fundamental requirements.

Leading Product Types Driving Expansion in the Horse Grain Feeders Market:

Wall-mounted Horse Grain Feeders: Durable and Space-efficient Feeding Solutions

Within the realm of horse grain feeders, horse owners and breeders are presented with a diverse array of options, with two predominant types garnering notable market preference: wall-mounted grain feeders and poly corner grain feeders. The discerning choice among these options often leans towards wall-mounted grain feeders due to their inherent space efficiency. These feeders can be conveniently affixed to walls or stall doors, effectively optimizing available space resources. This particular attribute holds significant appeal for owners grappling with spatial constraints within their barns or stables. Furthermore, wall-mounted grain feeders, constructed from durable metal materials, enjoy heightened favorability owing to their robustness. This durability factor proves especially consequential for horse owners tasked with managing larger or more active equine companions.

Large Farms Embrace Horse Grain Feeders for Enhanced Efficiency, Cost-effectiveness, and Safety:

The utilization of horse grain feeders is notably more prevalent within the expansive landscape of large farms, driven by a convergence of factors that underscore their efficiency, cost-effectiveness, and safety benefits. Large-scale agricultural operations inherently necessitate streamlined feeding protocols to ensure each horse receives the precise nutrition tailored to their needs. These farms often grapple with specific feeding requirements, such as meticulous grain rationing or the presence of a substantial equine population with distinct health conditions.

In response to these demands, large farms increasingly turn to automatic grain feeders, a choice that yields multifaceted advantages. Notably, these automated systems significantly diminish the time and labor resources expended on feeding routines, thereby enhancing operational efficiency and cost-effectiveness. Beyond efficiency gains, horse grain feeders serve as integral safety mechanisms within the ambit of large farms. They effectively curtail overeating tendencies among horses and mitigate conflicts arising from competitive feeding behaviors. Consequently, the strategic adoption of horse grain feeders emerges as a pragmatic and indispensable practice for large-scale agricultural establishments.

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Key Players:

  • IOTTI ZOOTECNIA SRL
  • Stallion
  • Polidas
  • Röwer & Rüb
  • D P Agri Ltd.
  • SIEPLO

Market Segments:

By Type:

  • Wall-mounted Horse Grain Feeder
  • Poly Corner Grain Feeder

By Farm Type:

  • Small Farm
  • Large Farm

Sales Channel:

  • Direct Sales
  • Agro Stores

By Region:

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

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Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

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
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube