Growth in Automation in the Industrial Sector Expected to Drive Global Foot Switches Market: Ken Research

Foot switches are specific type of equipment or devices, which are used to operate industrial applications & equipment. These switches are necessary for easy operation of equipment and for ensuring the optimal performance of equipment & processes. Foot switches are generally used to operate machinery when they can’t be operated by hand and instead the similar is done by applying foot pressure. These switches are useful when the use of hand operated switches is unsafe to the worker. These switches are usually used in various industrial applications and in the medical industry to start & stop applications. These machines are used in sand blasting machines, construction machines, ironing machinery, bending machines, and machine tools. Demand for these foot switches is contingent on the growth route of these end user industries. Foot switches guarantee that the machine operator’s hands are free for performing other tasks and therefore ensure a good level of productivity, eventually resulting in a higher rate of production.

As per analysis, “Global Foot Switches Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global foot switches market include Steute Schaltgerate, AMETEK Factory, Ojiden, Jaibalaji Control Gears, Fiessler Elektronik, Linemaster, BERNSTEIN, Craig & Derricott, Brisk, Fiessler Elektronik, Marquardt Mechatronik, Gasparini Industries, Tapeswitch, Makersan, Purex International, Vaishno Switchgear, SSC Controls, Suns International, LLC and among others. With the rise in industrialization, players are expected to invest massively for product development by research & development (R&D) programs that present a growth opportunity in the novel product space. Furthermore, industrialization leads to diversifying requirements in the end-user industries and potential market for foot switches is projected to witness a rise. They adopt a variety of strategies for instance launch of new & innovative products and targeted marketing activities to capture novel markets and consolidate their position in the accessible markets. The players engage in innovative product development & partnerships to gain market share.

Based on type, foot switches market is segmented as single pedal, double pedal, triple pedal and others. In addition, based on application, market is segmented as commercial market, industrial market, residential market, medical market and others. Industrial segment include construction machines, bending machines, ironing machinery, sand blasting machines, and machine tools.

The foot switches market is driven by growth in automation in the industrial sector, followed by increase in evaluation in modern manufacturing technology and rise in demand for multi-functionality in the industrial sector. However, high integration of automation and need of highly skilled labor to operate these switches may impact the market. Moreover, high extent automation in the industrial & manufacturing sector is a leading opportunity for market.

Based on geography, the Asia-Pacific is a leading region in global foot switches market owing to growth in industrial Gross Value Added (GVA) across the region. The North-America and Europe regions are expected to witness higher growth rate due to growth in advancements in technologies over the forecast period. It is anticipated that future of the global foot switches market will be bright as a result of economic up-liftment of the developing economies during the forecast period.

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Global Foot Switches Market

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Global Neo And Challenger Bank Market Outlook: Ken Research

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Neobanks is a new form in the financial world. They are a type of direct bank that is entirely online with no physical branches which deliver complete banking solutions to its consumers. Neobanking suggests everything a traditional bank has to offer from opening a bank account to money lending, money transfers, and many more. There are two kinds of Neobanks, first which have no banking license and partner up with the traditional bank such as Up bank around Australia which is combined with Bendigo Bank, and second are neobanks with a full banking license of their own such as Xinja and Volt. Challenger banks are well-established businesses that have a full banking license to function in the market. Lending, deposits & savings accounts, checking & merchant accounts, telephone banking, credit cards, mobile banking, and other services are delivered by these banks. By revolutionizing and incorporating several innovations into their product offerings, such banks are constantly challenging well-known conventional banks.

According to the report analysis, ‘Neo and Challenger Bank Market Segments: By Type (Neo Banks And Challenger Banks); By Application (Personal and Enterprises Sector) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030’ states that growth is projected due to growing mergers and acquisitions across several sectors which will generate a worldwide requirement for Neo and Challenger Bank. The growth of online stores is also influencing the selling of high-end products. E-commerce enables the simple buying of goods manufactured in remote locations. This, in turn, has made a foremost contribution to the improvement of the global Neo and Challenger Bank industry.

In addition, the Neo and challenger banks Market have amalgamated to enter the banking industry with the advanced features, real-time applications, and client-centric products and services, bestowing a threat to the market's established conventional banks. The market is being propelled by higher interest rates accessible to consumers over conventional banks, government and regulatory assistance for banking operations, and better convenience delivered by mobile apps.

Not only has this, the neo and challenger bank Market segment is projected to deliver lucrative opportunities for enlargement, such as strengthening online services to the unbanked populace in emerging economies. In addition, such Fintech banks will continue to concentrate on enlarging their established banking portfolios, enlarging their market, bundling product offerings, and delivering the personalized solutions in the coming years.

Although, the Latin America is likely to register the European market in the near future. The APAC neo banking market is predicted to grow over the review period due to the growing investments in the fintech sector. The Asia is seen, in addition to Europe and Latin America, as one of the world’s foremost regions that show an upcoming growth in this sector. Therefore, in the near years, it is predicted that the market of neo and challenger bank will increase around the globe more effectively over the incoming years along the effective amount of investment by the prevailing as well as coming investors.

For More Information on the Research Report, refer to below links: -

Global Neo And Challenger Bank Market Growth Rate

Related Report:-

Global Neo and Challenger Bank Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

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Rise in Demand for Eco-Friendly Lighting Devices Expected to Drive Global Fluorescent Bulbs Market: Ken Research

Fluorescent bulbs are highly versatile types of bulbs that use fluorescence to produce visible light. Fluorescent bulbs produce an invisible Ultra-Violet (UV) light by performing many chemical reactions between gases and mercury vapors that are present inside of the glass lamp or tube. Fluorescent lighting is a specific technology that depends on the chemical reactions inside the glass tube to create light. This chemical reaction involves mercury vapors & gases, thus producing an invisible light. In other words, the fluorescent bulb is more efficient & cooler than incandescent lamps that produce fluorescence of the phosphor coating.

Fluorescent bulbs further illuminates the phosphor powder coating inside of the glass tube that emits white fluorescent light. There are two mechanisms are used for fluorescent bulbs. In the first mechanism, starter switch & magnetic ballast are used to provide the flow of alternating current to the lamp. In a circuit, the ballast is utilized to convert the alternating current into a stable & direct stream of electricity.

As per analysis, “Global Fluorescent Bulbs Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global fluorescent bulbs market include Crompton Greaves Ltd., Ajanta Manufacturing Limited, General Electric Company, Bajaj Electricals Limited, Feit Electric Company, Koninklijke Philips N.V., Havells India Limited, Osram GmbH, Havells USA, Litetronics International, Wipro Enterprises Limited, Surya Roshni Ltd. and among others. Based on type, fluorescent bulbs market is segmented as Linear Fluorescent Bulbs (LFL) and Compact Fluorescent Bulbs (CFL).  CFL segment holds major share in global market owing to large scale availability of CFLs in a variety of shapes & sizes as per the different applications. CFLs are generally found with screw bases & integral ballasts; these are popular and widely used in household fixtures. In addition, based on application, market is divided into commercial and residential.

The fluorescent bulbs market is driven by rise in disposable income in both developing & underdeveloped countries, followed by growth in population, increase in preference for long operational & shelf life of lighting lamps and rise in demand for eco-friendly lighting devices with reduced energy consumption. Apart from this, higher purchase price than substitute product may impact the market. Additionally, growth in product innovation & differentiation along with energy efficiency and increase in government support for energy efficiency lamps are leading opportunities for market. Moreover, advancements in lifestyle and high consumption of energy efficient lamps are key trends for market. Furthermore, availability of substitutes such as conventional lamps and incandescent lamps is a major challenge for global market.

Based on geography, the North-America is a leading region in global fluorescent bulbs market owing to rise in demand for electricity and growth in industrialization across the region. The Asia-Pacific and European regions are likely to witness higher growth rate due to growth in urbanization, rise in per capita income and rapid growth in the electronic component manufacturing, semiconductor industry, and wireless technologies over the forecast period. It is predicted that future of the global fluorescent bulbs market will be optimistic because of high electrification rate in developing economies, rapid development in the semiconductor industry and growth in population during the forecast period.

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Global Fluorescent Bulbs Market

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Global Paper And Plastic Straws Market Outlook: Ken Research

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Paper straws are straws made from paper and are utilized for drinking liquids. They are often introduced as a straight during a pipe shape or can be provided an adjustable angularity reckoning on the convenience of the user and therefore the kind of liquid which is served. Paper straws are obtainable in numerous sizes and shapes counting on the density of the drink served. As they're created from paper hence, they're painstaking environmentally friendly and thus proving to be a possible alternative to plastic straws. They are fully biodegradable and may even be recycled after usage, unlike plastic straws which take months to degrade. Since plastic goods are non-biodegradable, numerous governments have announced plans to phase out their usage, despite the fact that they appear to have augmented the emission rates during recent decades. Paper-based straws are likely to obtain new prospects as a result of this scenario. Furthermore, as customer understanding of the environmental effects of plastic products increases, paper straws are likely to obtain traction in a variety of end-use applications.

According to the report analysis, ‘Paper and Plastic Straws Market Segments: By Product Type (Plastic and Paper); By Application (hotels, restaurants & motels, bars & lounges, cafes and others.); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030’ states that growth is projected due to growing mergers and acquisitions across several sectors which will generate a worldwide requirement for Paper and Plastic Straws. The growth of online stores is also influencing the selling of high-end products. E-commerce enables the simple buying of goods manufactured in remote locations. This, in turn, has made a foremost contribution to the improvement of the global Paper and Plastic Straws industry.

In addition, surging requirement of Paper and Plastic Straws Market from numerous end-user industries is the foremost factor underwriting in the market growth. Over the next several years, an increasing number of multinational restaurant and café chains is estimated to drive sales growth in the global market. Other factors projected to drive requirement for paper and plastic straws include growing demand for on-the-go consumer drinks, higher disposable income levels, an increasingly increasing the food and beverage industry, and changing customer taste and preferences. In addition, the requirement for eco-friendly, natural & organic, and reusable straws, as well as consumers' preference for augmented the use of environmentally friendly goods, are projected to drive the market's growth to some extent.

In the last couple of years, there has been a marvellous increase and fast improvement in the beverages and food industries, serving thousands of consumers every minute. This has resulted in a worldwide outpouring in the application of paper and plastic straws. Technological developments have resulted in the advent of online food supply platforms that assist the paper and plastic straws market enlarge enormously. Therefore, in the near years, it is predicted that the market of paper and plastic straws will increase around the globe more effectively over the upcoming years.

For More Information on the Research Report, refer to below links: -

Global Paper And Plastic Straws Market Analysis

Related Report:-

Global Paper and Plastic Straws Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

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Global Industrial Mold Market Research Report

 The industrial mold market comprises of the sale of industrial molds over many entities including traders & partnerships & other organizations producing over a variety of industrial molds practicing the casting of metals or forming other materials including glass, plastics and rubber. The Industrial mold with a hollow-block over which a malleable liquid is flown, it then solidifies and takes a shape over form of the mold in which the liquid was poured. Over the industrial level, there have been various products that require an accurate shape & size; therefore such molds provide the required specification for the metal-based products. These molds also assist in producing various types of mechanical and polymer objects. The increase in sales of various industrial products is further expected to supplement the growth of industrial mold over the forecast period.

As per analysis, “Industrial Mold Global Market Report 2020-30: Covid 19 Impact and Recovery” some of the renowned companies that are presently operating in the global industrial mold market include TRUMPF; Amada; DMTG; U.S. Industrial Machinery; DMG Mori and among others. Various local & unorganized players are likely to contribute to the global industrial molds market during the forecast period.

Based on type, industrial mold market is segmented as metal molds and other metal molds. In addition, based on application, market is segmented as automotive and others. The automotive sector is expected to exhibit substantial growth rate due to rise in demand from automotive industries during the forecast period.

The industrial mold market is driven by rise in demand for customized mold products from consumers, followed by growth of end-use industries across the globe. However, fluctuating raw material prizes of metals and high cost associated with industrial molds may impact the market. Additionally, growth in industrialization in developing industries and increase in investments to develop the manufacturing industries in the emerging economies of India, China, and Brazil etc are leading opportunities for market. Moreover, increase in concern related to residence time that takes too long and issues related to high resin temperature of industrial molds are major challenges for market. Furthermore, adoption of hot runner technology to make industrial molds is a key trend for market. In addition, some industrial mold market trends are conformal cooling design, which are increasingly being utilized by manufacturing companies in the 3D-printed molds because it provides better cooling to the molded products. Conformal provides improved cooling molds with complicated geometric design & overcome issues including uneven cooling add warp, thin walls, intricate curves, and tight tolerances.

Based on geography, the North-America is a leading region in global industrial mold market owing to growth in automotive industries coupled with presence of key manufacturers across the region. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to growth in manufacturing industries, rise in disposable income and growth in end-use industries over the forecast period. It is projected that global market will be reached at rapid pace on account of growth in economy & industrialization during the forecast period.

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Global Industrial Mold Market

Related Reports:-

Industrial Mold Manufacturing Global Market Forecast To 2022

Industrial Mold Manufacturing Global Market Report 2019

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Global Photographic and Photocopying Equipment Market

 Photographic and photocopying equipment industry comprises of the sales of photographic & photocopying equipment by various entities that produce the photographic and photocopying equipment including cameras (except television & video), film developing equipment, projectors, photocopying equipment, and micro-film equipment. Projector manufacturers are providing several laser projectors to clients for seeking energy efficient equipment that provide high quality images. Laser projectors use laser light source while traditional projectors use xenon lamps. Laser projectors provide high quality images and vivid color reproduction. Laser projectors are moderately energy efficient as well as last longer than lamp-based projectors. Laser projectors are extensively used in business presentations, gaming, home theatre systems, and movie screening. Owing to these benefits, laser projector is one of the fastest growing segments of projector industry.

There are many types of photographic equipment such as cameras, papers & chemicals, film processing mini labs, photographic films, flash lamps, stands, and lenses among others. With internet becoming ever-present, the ability to share photos & videos over a wireless network is likely to gain traction among various manufacturers of photographic equipment. The insertion of voice commands for recording or capturing the images & videos in photographic equipment is probable to bolster the growth of the global photographic equipment market. Some of the key features of photographic & photocopying equipment include better lens zooming ability, full HD videos, image detection, and touch screen user interface.

As per analysis, “Photographic And Photocopying Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global photographic and photocopying equipment market include Xerox Corporation; Canon Inc; Avid Technology Inc; Ricoh Electronics; X-Rite Incorporated and among others.

Based on type, photographic and photocopying equipment market is segmented as projectors, cameras (except television & video), photocopying equipment and others. Based on application, market is categorized as commercial use and household use. Based on operation type, market is bifurcated into semi-autonomous, autonomous and manual operation. In addition, based on capacity type, market is bifurcated into small & medium capacity and large capacity.

The photographic and photocopying equipment market is driven by growth in economy, followed by rise in disposable income. However, increase in use of smart-phones may impact the market. Moreover, introduction of technologically advanced features including SIM card slots & sharing capability with social media websites, Bluetooth and Wi-Fi provide key opportunities for growth of the market.

Based on geography, the Western Europe holds major share in global photographic and photocopying equipment market owing to presence of key players and growth in technological advancements across the region. The Asia-Pacific is second largest region in global market due to growth in urbanization and population and rise in per capita income in the region. The North-America region is estimated to witness higher growth rate because of developing photocopying technologies coupled with increase in government organizations and several other service industries over the forecast period. It is projected that future of the global photographic and photocopying equipment market will be bright caused by rise in requirement for multi-functional devices and growth in number of offices & educational institutes, especially in underdeveloped economies during the forecast period.

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Global Photographic and Photocopying Equipment Market

Related Reports:-

Photographic and Photocopying Equipment Manufacturing Global Market Forecast To 2022

Photographic and Photocopying Equipment Manufacturing Global Market Report 2019

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In Depth Analysis of COVID 19 Impact on UAE Online Grocery Delivery Market: Ken Research

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“Global Pandemic has led to a double-digit growth between 20-40% across essential product categories. Service providers partnered with third party operators to manage last-mile logistics”

“People have realized the time-saving element of being able to order online and getting the essentials delivered at the doorstep.  Before COVID, a lot of people didn’t order online because they never had to make that choice. Now they are getting used to the benefits of shopping online”

                                                                          -Rajeev Lee, Founder & CEO, Bawiq

The Online Grocery Industry has been growing rapidly since inception and is currently positioned to be in the growth stage. Major players entered the market between 2015 and 2017 & currently, there are more than 25 companies offering grocery delivery services in the UAE.  In addition to this, the market value has doubled from 2016 to 2019, suggesting that consumers are starting to get more comfortable ordering essentials food items online. Even though online grocery penetration has increased, there’s still a major proportion of the population that prefers to buy groceries from Supermarkets, Hypermarkets, and Baqala Stores.

The Coronavirus outbreak and the pandemic’s indirect impact on global growth have made a significant impact on the Online Grocery Market in UAE. To curb the spread of COVID-19 in UAE, all facilities were shut down except, cooperative societies, supermarkets, grocery stores, and pharmacies. They remained open 24/7 to serve the public, even during the period of movement restrictions between 8 pm to 6 am. Telecommunications Regulatory Authority (TRA), UAE’s telecom authority, published a list of 22 applications of online stores delivering groceries and other essential items during the pandemic as a way to urge its people to stay at home and only leave for running essential tasks.

Impact on Online Grocery Delivery:

From an e-commerce perspective, 2020 has started on a high note for the online grocery delivery sector and further growth is expected in the online consumption in the upcoming months. Due to COVID-19 Outbreak, people are avoiding crowded places and turning to online grocery shopping amid escalating fears. This has led to an increase in the number of orders dramatically registering a growth between 70-90% in March and April. Average order size registered growth between 40-60% and was valued between AED 200-250.

Companies faced logistical challenges to keep up with the increased demand. The delivery time of omnichannel companies such as Carrefour, Lulu Hypermarket increased to ten days. Whereas marketplace companies such as Instashop, El Grocer took one to two days' time to fulfill customer orders.  In addition to this, there was a shortage in terms of availability of vehicles and drivers to fulfill the increased demand during the pandemic.   Companies incurred additional expenditure for providing basic guarding equipment and training to employees about the potential repercussions and the significance of hygiene without negligence.

Efficient Strategies Adopted:

Expansion of Delivery Infrastructure: To fulfill the increased demand, companies expanded their delivery fleet by partnering with third-party operators to manage last-mile logistics. For instance, Lulu Hypermarket who usually used their multi-temperature vehicles for delivery, partnered with courier logistics services and other companies with fleets and bikes to ensure quick deliveries.  In addition to this, in Abu Dhabi and Dubai, companies also partnered with taxi fleets to take care of door-to-door delivery. BinSina Pharmacy partnered with Instashop to deliver medicines from its pharmacy stores in Dubai and Abu Dhabi.

To cater to the increased demand for delivery orders, companies expanded their backend operations. For instance, Carrefour opened six new fulfillment centers across the region. In addition to this, frequent stock replenishments and increasing resources at fulfillment centers enabled companies to fulfill delivery orders.

Bawiq, a marketplace company in UAE, partners with grocery stores to fulfill customer orders. The delivery of the items is usually managed by the partner grocery store in this model. During the pandemic, Bawiq assisted the grocery stores in fulfilling orders by taking over the packaging, checkout process, and last-mile delivery. The company’s own employees were responsible for doorstep delivery of groceries.

Focus on Maintaining Hygiene:  In addition to sanitization, companies have put in place a set of measures to ensure the safety of their customers and employees. Companies introduced contactless delivery, wherein the order was dropped at the doorstep. Delivery staff wore gloves and masks and ensured social distancing during delivery. All delivery vehicles were washed and cleaned three times more frequently than before.

Shift in Industry Practice:

Rise in Online Grocery Penetration: 79 % of consumers in the UAE changed their shopping habits from offline to online during the pandemic. It is expected that 48% of the customers would maintain current shopping habits after the pandemic. It is expected that by the end of 2025, the online grocery penetration in terms of the number of users would cross 15%.

Rise in Number of Orders and Decline in Average Order Size: The industry would continue to grow but it is expected that the rate of growth will be slower as compared to the growth registered during a pandemic. The overall volume of orders for the year 2020 is expected to grow between 80-100% from 2019.  In addition to this, the industry is expected to register a decline in 2021 in terms of the number of orders. Average order frequency will rise thereby leading to a decline in average order size by ~16% in 2021.

The pandemic has enabled service providers to acquire new customers without incurring any major costs. In the future, the major challenge for the companies would be to retain the customers.  Health and Hygiene would continue to be the focus for companies in the future. The online grocery delivery market of UAE is expected to grow with a CAGR of 27% during the period of 2019-2025.

Key Segments Covered: -

By Region

Dubai

Abu Dhabi

Other Emirates

By Age Group

18-24 years

25-34 years

35-44 years

 45+ years

By Product Category

Food & Beverages

Household Supplies

Beauty and Health

Baby and Kids

Fresh Food

By Gender

Male

Gender

By Mode of Payment

Pre-Delivery Online Payment

Card on Delivery

Cash on Delivery

Companies Covered

Carrefour

Lulu Hypermarket

Instashop

Kibsons

El Grocer

Trolley.ae

Bawiq

Amazon

Noon

Farmbox

Bulkwhiz

Key Target Audience

Online Grocery Delivery Companies

Supermarkets & Hypermarkets

E-commerce Companies

Food Delivery Companies

Investors

Time Period Captured in the Report: -

Historical Period: 2016–2019

Forecast Period: 2020-2025

Key Topics Covered in the Report: -

E-commerce Companies Growth in UAE

Food Delivery Companies Share in UAE

Impact of Covid-19 on Monthly Orders in UAE

Online Grocery Shopping in Abu Dhabi

Online Grocery Delivery Charge in UAE

Corona Impact on Online Grocery Market UAE

Omnichannel companies Market Share UAE

Carrefour Market Share UAE

Logistics Cost Online Grocery UAE

Fruits & Vegetables Online Order Market Dubai

For More Information on the Research Report, refer to below links: -

UAE Online Grocery Delivery Industry Future

Related Reports by Ken Research: -

UK Online Retail Market Outlook to 2025 - By Product Categories (Apparel and Footwear, Food and Drink, Media Products, Consumer Electronics and Others), By Desktop and Mobile Mode, By Gender (Male and Female) and By Mode of Payment (Debit Credit Card, Net Banking and Cash on Delivery)

Taiwan E-Commerce Market Outlook to 2023 - Online Retail (By Product Categories, By Desktop and Mobile, By Gender); Online Travel (By Intermediary and Direct Online Sale and By Desktop and Mobile); Online Payment Gateway Market

UAE Logistics and Warehousing Market Outlook to 2025 – By Road, Sea and Air Freight Forwarding; Domestic and International Freight, Major Flow Corridors, Integrated and Contract Freight Forwarding; By Warehousing (Industrial / Retail, CFS / Inland Container Depot & Cold Storage, Agriculture), End Users (Manufacturing, Retail, Food and Beverage, Automotive, Oil and Gas, Healthcare), Type of Warehouses; By Courier Express & Parcel Market, and, E-commerce Logistics

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Global Food Product Machinery Market Research Report

 Food product machinery refers to specific machines or tools that facilitate the commercial production & packaging of different kind of food including meat, seafood, poultry, baked items, dairy, beverages, and others. Globally, all these products are gaining popularity as they are considered nutritionally rich & shelf stable, and also have lower risk of contamination. These products exist in variety of size, design, and configuration and can be easily operated. Food production machines are available in numerous categories for instance roasters, homogenizers, fryers, dryers, separators, feeders, mixers, grinders, slicers, ovens, and chillers. Rise in demand for these machines in various industries such as poultry farm, seafood, milk, chocolate manufacturing, dairy, bakery, beverage, fruit & vegetables is expected to considerably drive the market demand over the next few years. Furthermore, bakery & chocolate production machinery is likely to witness high growth due to rise in demand for their products. However, sales of meat processing machinery may be fuelled substantially because of rising affordability of these machines with increasing consumer incomes.

As per analysis, “Food Product Machinery Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global food product machinery market include Buhler AG; GEA Group; Tetra Laval International S A; John Bean Technologies; Krones AG and among others. Technological advancements are key strategies adopted by various market players. Moreover, these players offer a variety of product differentiation through reduced emissions & waste by using energy or natural resources efficiently. They also focus on conducting business by protecting the public health environment safety.

Based on type, food product machinery market is segmented as bakery machinery & equipment, dairy product plant machinery & equipment, meat or poultry processing & preparation machinery and others. Meat & poultry segment dominates the market owing to consistent shift in food habits. Based on product type, market is segmented as mixers, extruding machines, depositors, slicers & dicers, refrigerators and others. The extruding machines segment is expected to witness higher growth rate due to energy efficiency, lower price, high productivity, ease of handling, negligible wastages, and other factors. Based on capacity, market is segmented as small capacity, medium capacity and large capacity. In addition, based on operation, market is segmented as manual, autonomous and semi-autonomous.

Growth in population, followed by change in food preferences, growth in technological innovations, increase in disposable income and evolving lifestyle of people are some major factors, which are responsible for growth of the food product machinery market. Apart from this, compliance with stringent government regulations is a major hindering factor for market. Moreover, growth in demand for processed food products and introduction of technological advancements are leading opportunities for market.

Based on geography, the Western Europe region is a leading region in global food product machinery market owing to growth in economy, rise in awareness about new products and increase in research & development (R&D) investments across the region. The Asia-Pacific and North-America regions are estimated to exhibit higher growth rate due to rise in demand for food products, rise in food & beverage market and growth in population over the forecast period.

For More Information, Click on the Link Below:-

Global Food Product Machinery Market

Related Reports:-

Food Product Machinery Manufacturing Global Market Forecast To 2022

Food Product Machinery Manufacturing Global Market Report 2019

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Global Printing Machinery and Equipment Market Research Report

 Printing machinery and equipment are special equipment or devices that use template to reproduce text & images. The publishing companies use these printing machines to print various documents in large as well as commercial volumes. They are broadly used in numerous applications including technical textiles, display, paper, clothing/garment and others.

As per analysis, “Printing Machinery And Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global printing machinery and equipment market include KBA; Heidelberg Printing Machinery Co; Komori; Goss International; Manroland and among others. The renowned market players are engaged in developing various products variants to amplify their market share and expand traction in global marketplace. They are also estimated to remain active in the printing machinery and equipment market during the forecasting period.

By printing machinery & equipment type, printing machinery and equipment market is categorized as flexographic printing machinery, offset printing machinery, printing trades binding machinery & equipment, gravure printing machinery and others. Flexographic printing machinery is generally used for printing on the non-porous substrates essential for a variety of types of food packaging. This type of machinery is also well suited for printing huge areas of solid color. The offset printing machinery segment is expected to witness higher growth rate due to its high and consistent image quality during the forecast period. By end-use, market is categorized as publication, packaging and others. By capacity, market is categorized as large capacity, medium capacity and small capacity. In addition, by operation, market is categorized as autonomous operation, semi-autonomous operation and manual operation.

Growth in packaging industry, followed by increase in spending among people, growth in population, rise in demand for advanced graphics in packaging industry, and increase in investment in the manufacturing industry are some major factors, which are responsible for growth of the printing machinery and equipment market. However, growth in penetration of digital data or reading materials for instance subscribing to online news websites and e-books may impact the market. Moreover, reasonable prices & low maintenance of digital printing machines is a key opportunity for market. Furthermore, Instant and on–the–go printing is latest innovation in printing machinery and equipment market. This innovation refers to the wireless connectivity in the printers that enable the user to initiate printing hassle free by using smart-phone app. On-the-go technology in printers encourages the next generation of young users to be more creative & accustomed to the printer usage with technology.

By regional analysis, the Western Europe holds major share in global printing machinery and equipment market owing to increase in adoption of printed media, rapid advances in technology and increasing print markets across the region. The North-America and Asia-Pacific regions are estimated to witness higher growth rate due to rise in awareness of innovative printing technologies and growth in development opportunities in packaging printing over the forecast period. It is estimated that future of the global printing machinery and equipment market will be bright as a result of growth in popularity of 3D printing & excellent productivity during the forecast period.

For More Information, Click on the Link Below:-

Global Printing Machinery and Equipment Market

Related Reports:-

Printing Machinery and Equipment Manufacturing Global Market Forecast To 2022

Printing Machinery and Equipment Manufacturing Global Market Report 2019

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Ankur Gupta, Head Marketing & Communications

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+91-9015378249

Global Music Recording Market Research Report

 The music recording industry comprises of revenues from the production & distribution of the musical recordings, from publishing the music, or from providing the sound recording & related services earned by many entities (sole traders & partnerships and organizations) that are in the music recording industry.

As per analysis, “Music Recording Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global music recording market include Sony Music; Universal Music Group; Warner Music and among others. To improve their market position in the global music recording market, the renowned players are now focusing on adopting different strategies like recent developments, product innovation, joint venture, mergers & acquisitions, collaborations, and partnership. Apart from this, various music recording companies are also offering auto-tune applications to allow the singers to exaggerate vocals and create an innovative pitch perfect sound. This Auto-Tune is audio processing software, which is used to measure & alter the pitch in vocal and instrumental music recordings or performances. It is also used to tweak tiny inaccuracies, when singers sing out of tune and for retaining the emotional content of the performance.

Based on type, music recording market is segmented as music publishers, record production, sound recording studios and record distribution. Based on genre, market is segmented as hip hop, jazz, rock, pop and others. Hip hop segment dominates the global market owing to rise in interest among young population. Additionally, rock music is likely to witness higher growth rate because of growth in number of rock stars worldwide during the forecast period. Based on application, market is segmented as performance, digital, mechanical and synchronization. Digital segment is anticipated to exhibit higher CAGR due to rise in rends in digital music during the forecast period. In addition, based on end-user, market is segmented as commercial and individual.

The market is driven by increase in mobile & tablet platforms, followed by growth in adoption of digital music, increase in internet penetration, growth in popularity of music streaming services and increase in live concerts & performance. Apart from this, technological complexity in the software may impact the market. Moreover, high demand due to high popularity of concerts & live events in the advanced economies, increase in investment by the record companies and rise in online streaming through licensed services are leading opportunities for market. Furthermore, rise in demand for music content through mobile platforms is a key trend for market.

Based on geography, the Asia-Pacific region dominates the global music recording market owing to increase in popularity of streaming, rise in disposable income and growth in the number of artists as well as music producers across the region. The Europe and North-America regions are estimated to witness higher growth rate due to rise in demand for digital audio content over the forecast period. It is predicted that future of the global music recording market will be bright as a result of increase in number of internet downloads and proliferation of music-related applications during the forecast period.

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Global Music Recording Market

Related Reports:-

Music Recording Global Market Report 2019

Global Music Recording Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

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