Global Market For Door Handles to Witness Tremendous Growth and Expansion by 2030

 Door Handles Market Growth & Trends

The global door handles market size is expected to reach USD 10.55 billion by 2030, registering a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. With the increasing construction activities in the commercial, residential, and industrial sectors, product demand is growing drastically. With the emergence of home remodeling trends across the globe, product demand is expected to grow. According to the statistics published by the National Association of the Remodeling Industry (NARI), residential building improvement in the U.S. is estimated to have an annual value of over USD 205 billion by 2023 and the home remodeling trend is expected to continue in the coming years offering key manufacturers an opportunity to develop trendy door handles that enhance the appealing look for houses.

Key manufacturers operating in the global industry are taking key measures and are investing in research and development activities to introduce new products with a compact and sleek design. For instance, in June 2022, TESA ASSA ABLOY launched a new range of state-of-the-art and high-performance door handles to cater to the rising demand among architects. Such product launches and other business initiatives by key players are expected to broaden product outreach and contribute to growth. The lever handle segment captured the largest revenue share in 2021 on account of the rising popularity and demand among consumers. Lever door handles are mainly manufactured from metals and offer high durability and strength against usual wear and tear. Whereas, pull handles are anticipated to demonstrate strong growth in the coming years mainly owing to the improved design patterns and elegant look offered.

The residential segment dominated the global industry in 2021 and is expected to maintain its dominance over the forecast years. According to the data published by United Nations, Population Division, and World Population Prospects, the global population is expected to reach 9.8 billion by 2050 creating the need for residential areas like condos, houses, and apartments. This is expected to drive industry growth. Asia Pacific captured the largest revenue share in 2021 due to the increased disposable income, rise in the number of residential and commercial construction projects, and product developments & innovations by key manufacturers. According to the report published by Oxford Economics in September 2021, global construction output is estimated to reach USD 13.3 trillion by 2025 with emerging Asia offering powerful growth opportunities. This is further expected to boost the product demand across the region.

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Door Handles Market Report Highlights

• The lever handle segment dominated the global industry andaccounted for the largest revenue share in 2021
• Lever handles have emerged as one the of trending door handle types due to their ease of use and durability. Key players are taking various initiatives to cater to the rising demand for lever handles
• Europe dominated the global industry in 2021 driven by a rise in the number of residential and commercial construction activities and the rising trend of home remodeling across the region
• Key companies are adopting various growth strategies including product expansion and mergers & acquisitions to serve the increasing product demand
• For instance, in January 2020, HOPPE Holding AG launched eHandles to offer improved security and connectivity

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Door Handles Market Segmentation

Grand View Research has segmented the global door handles market on the basis of type, material, application, and region:

Door Handles Type Outlook (USD Million, 2017 - 2030)

• Lever Handles
• Door Knobs
• Sliding Door Handles
• Pull Handles

Door Handles Material Outlook (USD Million, 2017 - 2030)

• Metal
• Plastic
• Fiber
• Others

Door Handles Application Channel Outlook (USD Million, 2017 - 2030)

• Residential
• Commercial

Door Handles Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players in Door Handles Market

• Assa Abloy AB
• The Häfele Group
• Allegion Plc
• Aarkay Vox
• Hoppe Holding AG
• Emtek Products Inc.
• Kuriki Manufacture Co.
• Ace Hardware Corp.
• West INX Ltd.
• Sugatsune America, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Global Tractor Implements Market Pegged For Strong Growth During 2022-2030: Grand View Research Inc.

 Tractor Implements Market Growth & Trends

The global tractor implements market size is expected to reach USD 43.50 billion by 2030, growing at a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. The surge in the adoption of advanced technology in the agricultural sector and a rise in the average farmer’s income are expected to be the primary factors driving the industry. Furthermore, favorable government policies for the agricultural sector and financial support to encourage product purchase are factors anticipated to drive the global industry. Farm owners’ approach toward high crop yield and the availability of technologically advanced tractor implements that aid in increasing farm productivity are also anticipated to boost growth prospects for the global industry over the forecast period.

Several companies are investing in upcoming technologies, including robotics that separate crops from weeds, software that connects to farm equipment, and drones, which have increased the adoption of tractor implements among farmers. There are several other factors contributing to the industry including favorable climatic conditions for farming and government loan waiver schemes for farmers from all backgrounds. The COVID-19 outbreak in 2019 hampered the growth of the market. Social restrictions imposed during the pandemic by various governments led to the temporary shutdown of manufacturing sites, resulting in production and supply delays. The shortage in the raw material supply hampered the manufacturing companies in the industry.

For instance, in 2020, market leaders, such as AGCO Industries and Deere & Company showed a declining revenue due to the delays in farm equipment purchases. Both companies had increased revenue post-pandemic. There are still several challenges that the industry faces due to the high maintenance costs. It is critical to inspect tractor implements at various intervals to ensure accurate operations. In addition to checking for damaged switches, sharpening, lubricating, and other repairs required, tractor implements should be regularly inspected. Therefore, tractor implements have relatively high maintenance costs, which is expected to hamper industry growth. The industry is highly fragmented and characterized by strong competition. Key companies focus on various technological advancements, such as flying drones and agriculture robots, and are following apparatus manufacturing standards to maintain their position in the industry.

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Tractor Implements Market Report Highlights

• The harrow segment is estimated to grow at the second-fastest CAGR over the forecast period as these tools offer ease of doing chores and improve overall productivity
• Furthermore, increasing adoption of the optimum seedbed by farmers to cultivate various upland crops is expected to boost the demand for harrows
• In addition, several companies are introducing foldable harrows that are driving segment growth. For instance, in November 2021, Pottinger launched the Lion 1002 C power harrow designed for various tractors of up to 500 hp
• North America was the third-largest region in 2021 due to the high sales of various tractor implements on account of increased farm consolidation, large production bases, and government support
• Furthermore, the demand for sustainability by farmers in managing their operations leads to the adoption of efficient tractor implements
• The shortage of farm labor in the region is also expected to drive the market. For instance, according to a report published by the Canadian agriculture human resource council, the labor shortage is estimated to rise to 123,000 workers by 2029

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Tractor Implements Market Segmentation

Grand View Research has segmented the global tractor implements market based on the product and region:

Tractor Implements Product Outlook (Revenue, USD Million, 2018 - 2030)

• Cultivator & Tiller
• Plough
• Planters
• Harrows
• Spreaders
• Baler
• Others

Tractor Implements Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa

List of Key Players of Tractor Implements Market

• Claas KGaA Mbh
• Deere & Company
• Kubota Corp.
• CNH Industrial N.V.
• Agco Corporation
• Tractors and Farm Equipment Limited (TAFE)
• SDF Group
• Mahindra & Mahindra
• J C Bamford Excavators Ltd. (JCB)
• Actuant
• Kuhn Group
• Alamo Group

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Medium Density Fiberboard Market to Partake Significant Development During 2020 to 2027: Grand View Research Inc.

 Medium Density Fiberboard Market Growth & Trends

The global medium density fiberboard market size is expected to reach USD 61.3 billion by 2027, expanding at a CAGR of 6.6%, according to a new report by Grand View Research Inc. Growing product utilization as a low-cost alternative to the plywood and wooden panels is likely to support the industry.

Medium density fiberboard (MDF) panels find use in numerous applications such as siding, flooring, window panels, and door panels in the construction industry. These panels have the potential to replace other construction materials including cement, glass, plywood, and plastic in the aforementioned applications. As a result, the growth of the construction industry is expected to have a positive impact on the demand for the panels over the forecast period.

Medium density fiberboard panels are recyclable and readily available in the market in various types and sizes, at competitive prices. Innovations in the traditional woodworking industry to produce furniture from more sustainable products coupled with the growing demand for ‘do-it-yourself’ modular furniture products are anticipated to have a positive impact on MDF market growth.

Medium density fiberboard products are progressively replacing plywood products in the furniture-making industry. Major manufacturers are working on developing customized fiberboard products to satisfy specific requirements stated by furniture manufacturers. Additionally, industry players have established long term supply contracts to offer better pricing and plan their production activities.

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Medium Density Fiberboard Market Report Highlights

• The E0 segment is expected to ascend at the fastest volume-based CAGR of 6.3% over the forecast period on account of growing consumer awareness pertaining to the health hazards caused due to high levels of formaldehydeemission
• In 2019, the revenue for furniture application in the Asia Pacific region stood at USD 14.2 billion and is projected to witness an significant growth over the estimated period owing to rising demand for the affordable modular furniture products in the region
• In North America, the demand for E1 type MDF is anticipated to witness a volume-based CAGR of 3.9% pace owing to the adoption of stringent formaldehyde emission norms in U.S. and Canada
• The standard MDF segment is likely to witness a revenue-based CAGR of 4.5% in Middle East and Africa owing to rising product utilization in the production of luxurious, aesthetically appealing, and high-end furniture units
• Implementation of strict formaldehyde emission norms in Europe and North America are driving the prominent players in the market including Kronospan Limited and Nordbord Inc. to produce MDF with low formaldehyde emission properties.

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Medium Density Fiberboard Market Segmentation

Grand View Research has segmented the global medium density fiberboard market on the basis of product, type, application, and region:

Medium Density Fiberboard Product Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2016 - 2027)

• Standard MDF
• Moisture Resistant MDF
• Fire Resistant MDF

Medium Density Fiberboard Type Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2016 - 2027)

• E0
• E1
• E2

Medium Density Fiberboard Application Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2016 - 2027)

• Furniture
• Construction
• Interior Decoration

Medium Density Fiberboard Regional Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • Spain
  • Italy
  • France
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America (CSA)
  • Brazil
  • Argentina
• Middle East & Africa (MEA)
  • Saudi Arabia
  • UAE
  • Egypt

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Global Gene Synthesis Market to Witness Soaring Growth During 2023 – 2030: Grand View Research Inc.

 Gene Synthesis Market Growth & Trends

The global gene synthesis market size is expected to reach USD 5.78 billion by 2030, registering a CAGR of 16.1% from 2023 to 2030 according to a new report by Grand View Research, Inc. Development of the market is due  to the growing investment in the synthetic biology field, favorable government regulations, and technological advancements in the gene synthesis market. In January 2022, synthetic DNA manufacturer Twist Bioscience announced plans of developing EDS technology at the J.P. Morgan Health Care Conference. The company established an enzymatic DNA synthesis technology that is novel, low-cost, scarless, and scalable.

The introduction of novel DNA synthesis platforms with technologically advanced specifications that address the increased demand of researchers is also contributing to the overall growth. For instance, in June 2021, DNA Script introduced the SYNTAX System, which is the nucleic acid printer based on EDS technology. Similarly, in December 2020, Evonetix Ltd. entered into a research collaboration with Analog Devices, Inc. Under the terms of the agreement, the companies collaborated on Evonetix's Microelectromechanical System-based silicon chips' improvement and commercial scale-up, as well as the development of a DNA desktop writer.

Researchers, as well as biotechnology and pharmaceutical corporations, have become increasingly interested in targeted therapy during recent years. It has become a popular method of disease management. In the near future, targeted therapy in conjunction with chemotherapy and immunotherapy is likely to develop significantly, presenting lucrative prospects for both emerging & established competitors in the gene synthesis market.

Key players are focusing on product development and are entering into partnerships and collaborations to expand their product offerings. For instance, In January 2022, Thermo Fisher Scientific, Inc. completed the acquisition of PeproTech, Inc.- a producer of antibodies and vectors. This acquisition may help the company strengthen its position in the market. Similarly, in July 2021, GenScript hosted the GenScript Gene & Cell Engineering Virtual Summit. This event focused on highlighting synthetic biology research to enhance protein design, drug discovery, and genome editing, enabling the company to increase its customer base.

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Gene Synthesis Market Report Highlights

• The growth is attributed to the growing demand for the synthetic biology, coupled with increasing government support to offer funds for R&D initiatives in synthetic biology
• By method, solid-phase synthesis dominated in 2022 as it offers high accuracy and is a prominent technology for the applications in several fields and for various research purposes
• By services, antibody DNA synthesis dominated the gene synthesis market in 2022, owing to the presence of significant players such as Synbio offers services, Twist Bioscience Corporation, and others, offering services in this segment
• By application, the gene & cell therapy development segment dominated the gene synthesis market in 2022. This is attributed to the growing number of R&D programs for the development of cell and gene therapies
• By end-use, academic and government research institute dominated the gene synthesis market in 2022, as most of the gene synthesis process is performed in the research settings for clinical research and investigational programs
• North America captured the highest share in 2022 owing to the well-established molecular biology infrastructure along with the presence of a significant number of market players in the region

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Gene Synthesis Market Segmentation

Grand View Research has segmented the global gene synthesis market report based on the method, services, application, end-use, and region:

Gene Synthesis Method Outlook (Revenue, USD Million, 2018 - 2030)

• Solid-phase Synthesis
• Chip-based Synthesis
• PCR-based Enzyme Synthesis

Gene Synthesis Services Outlook (Revenue, USD Million, 2018 - 2030)

• Antibody DNA Synthesis
• Viral DNA Synthesis
• Others

Gene Synthesis Application Outlook (Revenue, USD Million, 2018 - 2030)

• Gene & Cell Therapy Development
• Vaccine Development
• Disease Diagnosis
• Others

Gene Synthesis End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Biotechnology & Pharmaceutical Companies
• Academic & Government Research Institutes
• Contract Research Organizations

Gene Synthesis Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players of Gene Synthesis Market

• GenScript
• Brooks Automation, Inc. (GENEWIZ)
• Boster Biological Technology
• Twist Bioscience
• ProteoGenix, Inc
• Biomatik
• ProMab Biotechnologies, Inc.
• Thermo Fisher Scientific, Inc.
• Integrated DNA Technologies, Inc.
• OriGene Technologies, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Industrial Automation And Control Systems Market Poised to Garner Maximum Revenues During 2023– 2030: Grand View Research Inc.

 

Industrial Automation And Control Systems Market Growth & Trends

The global industrial automation and control systems market size is anticipated to reach USD 377.25 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to reach at a CAGR of 10.5% from 2023 to 2030. The growth is attributed to the growing adoption of process automation in several industries, such as energy utilities, chemicals, and automotive. For instance, in April 2022, Kawasaki Heavy Industries, Ltd. established "Future Lab HANEDA" at HANEDA INNOVATION CITY, a substantial, multi-purpose complex with offices and retail facilities for the development of robotics products and services based on open innovation along with real-life implementation and demonstrations for their potential. This, in turn, is expected to drive market growth further during the forecast period.

Moreover, the companies are considerably reducing operational and labor costs, as well as significantly reducing errors associated with humans due to the system’s reliability and efficiency, which is projected to fuel the industrial automation and control systems market growth over the forecast period. The use of multiple robots as per need is expected to push the market growth further. For instance, in April 2022, Siemens AG unveiled the PXC7 smart automation controller, which is useful for large industrial buildings and speeds up engineering processes.

Asia Pacific is anticipated to emerge as the fastest-growing market owing to the presence of emerging companies along with key market players. Some notable regional players are Kawasaki Robotics, Mitsubishi Electric Factory Automation, and Yokogawa Electric Corporation. Furthermore, emerging economies such as Thailand, Vietnam, and Indonesia have huge potential with a largely untapped market that drives substantial investments to develop manufacturing plants. This, in turn, is expected to fuel the market growth across the region.

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Industrial Automation And Control Systems Market Report Highlights

• Based on component type segment, the industrial robots’ component segment is expected to grow at the highest CAGR of over 12% owing to rising trend of smart and automated factories during the advent of industry 4.0 boom
• Based on control system segment, the distributed control system (DCS) control system segment accounted the highest market share of over 34% owing to fast pace of adoption of IIoT by industrialists
• Based on vertical segment, the healthcare segment is expected to grow at the highest CAGR of over 11% owing to the growing trend of automation in surgeries and other health applications
• Asia Pacific is expected to grow at the highest CAGR of over 13% during the forecast period from 2023 to 2030 as a result of developing countries in the region investing significantly in automation and smart manufacturing

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Industrial Automation And Control Systems Market Segmentation

Grand View Research has segmented the global industrial automation and control systems market on the basis of component type, control system, vertical, and region.

Industrial Automation And Control Systems Component Type Outlook (Revenue, USD Billion, 2018 - 2030)

• HMI
• Industrial Robots
• Control Valves
• Sensors
• Others

Industrial Automation And Control Systems Control System Outlook (Revenue, USD Billion, 2018 - 2030)

• DCS
• PLC
• SCADA
• Others

Industrial Automation And Control Systems Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• Aerospace & Defence
• Automotive
• Chemical
• Energy & Utilities
• Food & Beverage
• Healthcare
• Manufacturing
• Mining & Metal
• Oil & Gas
• Transportation
• Others

Industrial Automation And Control Systems Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players in the Industrial Automation And Control Systems Market

• ABB Ltd.
• Emerson Electric Co.
• Honeywell International, Inc.
• Kawasaki Heavy Industries, Ltd.
• Mitsubishi Electric Corporation
• OMRON Corporation
• Rockwell Automation, Inc.
• Schneider Electric
• Siemens AG
• Yokogawa Electric Corporation

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Dental Implants Market Forecast 2030 Top Companies, Trends and Growth Factors Details for Business Development

 Dental Implants Market Growth & Trends

The global dental implant market size is expected to reach USD 9.62 billion by 2030, registering a CAGR of 9.8% according to a new report by Grand View Research, Inc. Rising demand for tooth replacement has provided good growth potential to the market. The increasing number of dental injuries owing to road accidents and sports injuries are some of the major factors boosting the market growth.

With growing aesthetic awareness, people are exploring more treatment options, which is leading to the growth of the market. For instance, as per the American Academy of Cosmetic Dentistry data, more than 95.0% of individuals across the globe believe that their smile is a vital social asset and nearly 84.0% revealed to be under increased pressure to perfect their smile, thus increasing the product demand. Dental implants are considered the only restorative technique that preserves and stimulates natural bone. Owing to the growing number of edentulous people, the demand for prosthetics is increasing, which is expected to be one of the major impact-rendering drivers for the market.

Several industries have halted their services due to the COVID-19 pandemic. However, the dental care industry is greatly impacted by the significant decrease in elective procedures, many of which are being postponed or canceled so that hospitals can focus their resources on treating patients with COVID-19. Major Countries like the U.S and India procure raw materials and electronic components from China, which has disrupted the supply chain of many dental equipments and product manufacturers. However, with the decrease in the number of COVID-19 cases, hospitals are likely to begin scheduling elective procedures, depending on their capacity of admission and patients comfort level.

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Dental Implants Market Report Highlights

• The titanium implant type segment held the largest market share in 2020 due to its wide applications, durability, and cost-effectiveness
• Zirconia implants are anticipated to witness a lucrative growth rate over the forecast period due to better flexural strength, improved aesthetic appearance, and less corrosiveness as compared to titanium
• North America dominated the market in 2020 owing to high awareness about restorative treatments and the presence of established market players

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Dental Implants Market Segmentation

Grand View Research has segmented the dental implants market on the basis of implant type and region:

Dental Implants Implant Type Outlook (Revenue, USD Million, 2018 - 2030)

• Titanium Implants
• Zirconia Implants

Dental Implants Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Austria
  • The Netherlands
  • Poland
  • Romania
  • Czech Republic
  • Greece
  • Sweden
  • Portugal
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Dental Implants Market

• BioHorizons IPH, Inc.
• Nobel Biocare Services AG
• Zimmer Biomet Holdings, Inc.
• OSSTEM IMPLANT
• Institut Straumann AG
• Bicon, LLC
• Leader Italy
• Anthogyr SAS
• DENTIS
• DENTSPLY Sirona
• DENTIUM Co., Ltd.
• T-Plus Implant Tech. Co.
• KYOCERA Medical Corp.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Automated Guided Vehicles Market is Anticipated To Incur The Fastest Growth with a CAGR of 10.2% by 2030: Grand View Research Inc.

 

Automated Guided Vehicle Market Growth & Trends

The global automated guided vehicle market size is expected to reach USD 9.38 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to reach a CAGR of 10.2% from 2022 to 2030. Automated guided vehicles (AGVs) have transformed the way materials can be moved within the manufacturing and distribution facilities. In a production environment where several operations are carried out simultaneously, these vehicles ensure a predictable and reliable transfer of raw materials as well as manufactured products from one point to another point within the facility, thereby eliminating any potential disruption in production. These vehicles can operate safely around structures, machinery, and employees, as they are equipped with accessories, such as camera vision and LiDAR sensors, among others, which help in detecting junctions, identifying floor signs, and avoiding collisions with any obstacle.

For instance, in November 2021, Quanergy Systems, Inc., a U.S.-based company that offers an AI-powered LiDAR platform, launched the new M1 Edge 2D LiDAR sensors for automation. The newly launched LiDAR sensor is light in weight, broad 360°, with a sensing capability of up to 200 meters used in mobile robotics, AGVs, warehouse logistics applications, and port automation.

Several manufacturing plants and warehouses are deploying material handling equipment for various activities, such as locating stock, picking orders, and moving products and raw materials. Transportation and logistics firms are mainly focusing on the deployment of such equipment to boost the efficiency of their operations in line with the growing demand for their services. For instance, in February 2021, Scott (Transbotics Corporation), a prominent solution provider for AGVs, partnered with KUKA AG, a German manufacturer of robots, to coordinate the industrial robots of KUKA AG into material handling systems. Further, these robots would also benefit the warehouse team to assemble, pack, weld, store, and ship. Also, material handling solutions are used to increase the efficiency of transportation, decrease physical damage to the material, and reduce overheads by limiting the number of employees. 

The AGV market is witnessing a progressive switch from lead-acid batteries to lithium-ion batteries. Lithium-ion batteries offer several advantages over lead-acid batteries. They tend to be lighter and compact. They can charge faster, provide longer runtimes, and support more charge cycles. Hence, they are ideal for AGVs, as they need not be charged frequently during operating shifts or in 24x7 operating environments, and AGVs running on lithium-ion batteries can offer higher round-trip efficiencies.  For instance, in March 2021, Nissan Motor Co., Ltd, a global manufacturer of automobiles, buses, and trucks, stated that they use lithium-ion batteries to power their automated guided vehicles, which no longer need a worker to remove the battery and plug them in it charges faster. These batteries let AGVs last longer and bring significant innovations to their warehouse.

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Automated Guided Vehicle Market Report Highlights

• The adoption of material handling equipment and automation solutions is growing significantly across several industries
• The growing adoption of AGVs by the automotive industry as well as the automotive supply industry to move intermediate products within the facility is expected to drive the growth of the AGV market
• The manufacturing industry is increasingly adopting AGVs to save on labor costs. While AGV can operate on a 24x7 basis, the costs associated with the procurement and maintenance of AGV tend to be lesser than the costs incurred on salaries and employee benefits
• The logistics and warehousing segment happen to be the largest application of AGVs. The segment generated the highest revenue in 2021 and is expected to retain its dominance during the forecast period
• The European regional market dominated the global AGVs market in 2021. However, the Asia Pacific regional market is projected to expand at the highest CAGR from 2022 to 2030

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Automated Guided Vehicle Market Segmentation

Grand View Research has segmented the global automated guided vehicle  market based on vehicle type, navigation technology, application, end use industry, component, battery type, and region:  

Automated Guided Vehicle Type Outlook (Revenue, USD Million, 2017 - 2030)

• Tow Vehicle
• Unit Load Carrier
• Pallet Truck
• Forklift Truck
• Hybrid Vehicles
• Others

Automated Guided Vehicle Navigation Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Laser Guidance
• Magnetic Guidance
• Vision Guidance
• Inductive Guidance
• Natural Navigation
• Others

Automated Guided Vehicle Application Outlook (Revenue, USD Million, 2017 - 2030)

• Logistics and Warehousing
  • Transportation
  • Cold Storage
  • Wholesale & Distribution
  • Cross-docking
• Assembly
• Packaging
• Trailer Loading and Unloading
• Raw Material Handling
• Others

Automated Guided Vehicle End-Use Industry Outlook (Revenue, USD Million, 2017 - 2030)

• Manufacturing Sector
  • Automotive
  • Aerospace
  • Electronics
  • Chemical
  • Pharmaceuticals
  • Plastics
  • Defense
  • FMCG
  • Tissue
  • Others
• Wholesale and Distribution Sector
  • E-commerce
  • Retail Chains/Conveyance Stores
  • Grocery Stores
  • Hotels and Restaurants

Automated Guided Vehicle Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software
• Service

Automated Guided Vehicle Battery Type Outlook (Revenue, USD Million, 2017 - 2030)

• Lead Battery 
• Lithium-Ion Battery
• Nickel-based Battery 
• Others

Automated Guided Vehicle Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• South America
  • Brazil
• Middle East and Africa (MEA)

List of Key Players of Automated Guided Vehicle Market

• Swisslog Holding AG
• Egemin Automation Inc.
• Bastian Solutions, Inc.
• Daifuku Co., Ltd.
• Dematic
• JBT
• Seegrid Corporation
• TOYOTA INDUSTRIES CORPORATION
• Hyster-Yale Materials Handling, Inc.
• BALYO
• E&K Automation GmbH
• Kollmorgen
• KMH Fleet Solutions
• ELETTRIC80 S.P.A.
• Fetch Robotics, Inc.
• inVia Robotics, Inc.
• Locus Robotics
• Schaefer Systems International, Inc.
• System Logistics Spa
• Transbotics (A division of Scott Systems International Incorporated)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Online Gambling Market Set to Witness an Uptick during 2023 to 2030

 

Online Gambling Market Growth & Trends

The global online gambling market size is predicted to touch USD 153.57 billion by 2030, recording a CAGR of 11.7% from 2023 to 2030, based on a report by Grand View Research, Inc. The emergence of freemium modes of online gaming, following the trend of betting applications and websites, is expected to drive market growth. The freemium model generates revenue via users and integrated advertisements.

The increased smartphone and internet penetration and easy access to casino gaming platforms are positively influencing the market. For instance, according to GSMA, the Asia Pacific region will witness 333 million new mobile internet subscribers by 2025. Moreover, the availability of cost-effective betting applications is expected to favor market growth over the forecast period. According to data published by the New York state government, over 650,000 unique accounts were created on mobile betting apps in 2021.

Online gambling developers have partnered with online casino software suppliers to cater to the demand for immersive casino games. For instance, in April 2022, Real Luck Group Ltd. partnered with Microgaming to create more than 100 casino games with branded titles. Moreover, legacy online gambling platforms are entering new markets through partnerships. For instance, in January 2023, PokerMatch entered the Indian market through a partnership with Playtech plc due to the growing number of online players in the region.

The outbreak of the COVID-19 pandemic played a key role in expediting the online gambling demand as people spent most of their time indoors and opted for online games for their leisure. For instance, in May 2021, a study by the University of Bristol showed regular online gamblers were more than six times more likely to gamble online as compared to pre-pandemic levels. Besides, the adoption of various options for digital payments with safe payment gateways is also stimulating the adoption of online gambling applications. The market growth will be further accelerated by the increased adoption of digital currency and websites provided by betting and gambling companies.

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Online Gambling Market Report Highlights 

• The sports betting type segment is expected to expand at the highest CAGR over the forecast period from 2023 to 2030 as a result of the increasing popularity of professional sports leagues and competitions
• The mobile device segment is expected to record the highest CAGR over the forecast period from 2023 to 2030 due to the emergence of immersive betting applications and the convenience of gambling via mobile devices
• The increased advertisement of online gambling websites through online agencies, third-party ad servers, and networks and exchanges is expected to drive market expansion over the subsequent years
• Europe dominated the online gambling market in 2022 by accounting for a revenue share of around 41.0%, owing to the legalization of online gambling, and the presence of stringent regulations and safe practices in the region
• Asia Pacific is anticipated to register a CAGR of over 12.0% through 2030 in the market, owing to the increased smartphone usage, a larger population of youngsters, and the legalization of online gambling in the region
• The major companies operating in the online gambling market include Paddy Power Betfair PLC and William Hill PLC

Access Press Release@ https://www.grandviewresearch.com/press-release/global-online-gambling-market

Online Gambling Market Segmentation

Grand View Research has segmented the global online gambling market based on type, device, and region:

Online Gambling Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Sports Betting
• Casinos
• Poker
• Bingo
• Others

Online Gambling Device Outlook (Revenue, USD Billion, 2018 - 2030)

• Desktop
• Mobile
• Others

Online Gambling Regional Scope (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa

List of Key Players in the Online Gambling Market

• William Hill
• bet365
• Paddy Power Betfair PLC
• Betsson AB
• Ladbrokes Coral Group PLC
• The Stars Group Inc.
• 888 Holdings PLC
• Sky Betting and Gaming
• Kindred Group PLC
• GVC Holdings PLC

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Testing, Inspection, And Certification Market Industry Analysis , Opportunity Assessment And Forecast Till 2030: Grand View Research Inc.

 Testing, Inspection, And Certification Market Growth & Trends

The global testing, inspection, and certification market size is anticipated to reach USD 499.0 billion by 2030, growing at a CAGR of 4.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The incremental deployment rates of testing, inspection, and certification (TIC) systems and solutions can be accredited to the rise in manufacturing activities worldwide. Furthermore, the onset of Industry 5.0 and the rise in connected systems further augments the need to deploy TIC-based technologies in tandem with manufacturing activities.

The need to optimize manufacturing processes and end products has resulted in the manufacturing application segment capturing the highest growth rate of 6.4% over the forecast period. For instance, in January 2022, SGS, a Swiss international business that provides inspection, verification, testing, and certification services, has launched a new Vehicle Over the Air (OTA) performance testing laboratory in Suzhou, China. The lab will assist automotive manufacturers in helping them test, validate, and comply with evolving wireless standards and regulations. It fully integrates beneficial resources in automobile, communication, electronics, and reliability testing to provide commercial customers with technical verification, quality improvement product certification, and technology development services.

The integration of cloud technology with the TIC market is one of the significant market drivers. The need to access data instantly, automate certification, and issue reports on a real-time basis highlights the importance of storing essential TIC-related data in the cloud. Moreover, cybersecurity concerns such as increasing instances of cyberattack and data privacy threats further highlight the importance of a safe cloud architecture to safeguard data from people with malicious intent.

This is expected to help in general data regulation, security certifications, and software testing. For instance, in February 2022, Intertek Group plc, one of the prominent providers in connectivity testing and cybersecurity, established its Acucert, the first ISO/IEC certified cybersecurity testing lab in Mumbai, India. Acucert has significant expertise in IT system and software testing while meeting stringent quality control standards. Further opening a new testing lab would help them promote internationally and nationally.

The gradual acceptance of big data analytics with the TIC-based technology model is also expected to offer an impetus to the TIC market. The adoption of big data analytics technology by service providers is expected to diversify their service offerings, such as data-based services and predictive maintenance data and enable service providers to offer better solutions to their customers.

In September 2021, TÜV SÜD, a safety, security, and sustainability solutions provider, offered wind turbine certification for areas affected by tropical storms. Within the scope of type certification, the company has designed a computer framework to analyze the data of the areas and check compatibility for these regions based on the worldwide IEC 61400 standard. The computer model allows for the simulation of even the most extreme wind conditions in tropical cyclone-prone areas and the use of this simulation to determine if a wind turbine is suited for such places.

Asia Pacific is expected to capture the highest growth rate over the forecast period. Rapid industrialization and rising infrastructure development in Australia, South Korea, and India facilitate deploying proficient TIC solutions. Furthermore, the emerging technology ecosystem in countries such as Japan and China have resulted in several companies outsourcing their software and product development tasks. The ability to gain high-performance products at affordable rates from these countries promotes companies to access TIC solutions and services related to specific needs and requirements, thereby offering an impetus to market growth.

In December 2021, Eurofins Scientific, a global scientific leader in bioanalytical testing and a clinical diagnostic testing leader with Transgenic Inc., announced the acquisition of GeneticLab Co., Ltd., a molecular biology-based testing vendor. This acquisition will assist the company in strengthening its position in the Japanese market. It would further expand the company’s global presence in Asia, specializing in advanced genetic testing.

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Testing, Inspection, And Certification Market Report Highlights

• The certification segment is expected to emerge as the fastest-growing segment over the forecast period. The segmental growth can be attributed to increasing need of companies to certify their business practices use the right talent for specialized work.
• The outsourced segment is expected to register the highest CAGR over the forecast period owing to the ability to access more affordable TIC products and solutions and decreased operational expenditure.
• The manufacturing segment is expected to capture the highest growth rate over the forecast period owing to rising industrial activity around the world and development of new machine components which need to be tested and inspected before deployment.
• Asia Pacific region is expected to dominate the market over the forecast period. This can be attributed to rising economic activity in China and India. The implementation of Bharat Stage 6 in India has led automotive developers to develop new automotive components which have to be tested rigorously to meet international standards.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-tic-market

Testing, Inspection, And Certification Market Segmentation

Grand View Research has segmented the global testing, inspection, and certification market report based on service type, sourcing type, application, and region:

Testing, Inspection, And Certification Service Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Testing
• Inspection
• Certification

Testing, Inspection, And Certification Sourcing Type Outlook (Revenue, USD Billion, 2017 - 2030)

• In-house
• Outsourced

Testing, Inspection, And Certification Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Consumer Goods & Retail
• Agriculture & Food
• Chemicals
• Infrastructure
• Energy & Power
• Education
• Government
• Manufacturing
• Healthcare
• Mining
• Oil & Gas And Petroleum
• Public Sector
• Automotive
• Aerospace & Defense
• Supply Chain & Logistics
• Others

Testing, Inspection, And Certification Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• South America
  • Brazil
  • Argentina
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE

List of Key Players of Testing, Inspection, And Certification (TIC) Market

• ALS Limited
• Applus+
• Bureau Veritas SA
• DEKRA SE
• DNV GL
• Element Materials Technology
• Eurofins Scientific
• Intertek Group plc
• MISTRAS Group, Inc.
• SGS SA
• TÜV NORD GROUP
• TÜV Rheinland
• TÜV SÜD
• UL LLC.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Saffron Market Size Projected to Rise Lucratively during 2020 to 2028: Grand View Research Inc.

 Saffron Market Growth & Trends

The global saffron market size is expected to reach USD 721.5 million by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.5% over the forecast period. The demand for saffron has been growing rapidly owing to several factors, such as the growing demand for natural ingredients in the food industry. Furthermore, the medicinal properties of saffron have also been one of the key driving factors contributing to the growth of the market. Saffron is the most versatile and costliest spice in the world. Saffron is the dry stigma of Crocus Sativus, where each flower has only 3 stigmas. The process of handpicking the saffron thread is very labor-intensive and over 70,000 flowers produce 1 pound of saffron.

The extensive production process coupled with lower production volumes makes it the most expensive spice among others. Saffron corms are needed for the production of saffron, and the key suppliers of this raw material include Roco saffron, American Meadows, and Bloembollenbedrijf J.C.Koot (sattivus.com). Saffron is available in four grades including grades I, II, III, and IV. However, grade I is the highest quality of saffron containing all red stigmas having excellent coloring, flavoring, and aromatic properties, whereas grade IV is the lowest quality of the product that needs to be used in a large quantity to get the optimum results. Asia Pacific is one of the key regions in the market with the dominant share in 2020.

The demand for saffron is continuously on the rise owing to its increasing usage in the traditional cuisines of Asia Pacific countries. Furthermore, saffron is used in traditional Asian medicines to treat or prevent various diseases and health conditions. The increasing usage of the product in various dietary supplements as an ingredient is also expected to bolster the demand over the forecast period. The majority of the players operating in the global market are export-oriented and focus more on their supply chain and global distribution network to meet the increasing demand from various application industries across the globe.

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Saffron Market Report Highlights

• The grade I segment accounted for the largest revenue share of over 59.98% in 2020 and is estimated to retain the dominant position throughout the forecast period
• The medical application segment is projected to be the fastest-growing segment over the forecast period
• The increasing product usage in dietary supplementsand medicines for the treatment or prevention of various health conditions, such as high cholesterol levels and healing of second-degree burns, boosts the segment growth
• Middle East & Africa is the key region, which is anticipated to witness the fastest growth in the market over the forecast period
• Middle East holds the largest production cluster of saffron and has increasing product usage in the food as well as medical applications contributing to the highest growth of the regional market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-saffron-market

Saffron Market Segmentation

Grand View Research has segmented the global saffron market on the basis of grade, application, and region:

Saffron Grade Outlook (Volume, Tons, Revenue, USD Thousand, 2017 - 2028)

• Grade I
• Grade II
• Grade III
• Grade IV

Saffron Application Outlook (Volume, Tons, Revenue, USD Thousand, 2017 - 2028)

• Food
• Medical
• Cosmetics
• Others

Saffron Regional Outlook (Volume, Tons, Revenue, USD Thousand, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • South Africa
  • Saudi Arabia

List of Key Players of Saffron Market

• Esfedan Trading Company
• Safran Global Company S.L.U.
• Tarvand Saffron Co.
• Saffron Business Company
• Gohar Saffron
• Rowhani Saffron Co.
• Mehr Saffron
• Flora Saffron
• Royal Saffron Company
• Iran Saffron company

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.