Metal Forging Market to Expand at a CAGR of 7.7% Through 2030: Grand View Research Inc.

 Metal Forging Market Growth & Trends

The global metal forging market size is expected to reach USD 145.44 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.7% during the forecast period. Rising awareness about climate change and increasing investment in renewables, especially in wind and hydro, by governments is expected to boost the consumption of forged components. Thus, this investment is expected to propel the product demand during the forecast period. For instance, in October 2021, the U.S government unveiled plans to build up to 7 major offshore wind farms. The government is targeting to produce 30 gigawatts of wind power by 2030.

Similarly, in April 2022, the government of the country announced that it is planning to develop a 40 GW offshore wind project by 2050 that is expected to spread over 50 wind farms.Metal forging is the process, in which metals are shaped and formed using compressive force. These forces are applied using pressing, hammering, and rolling. Increasing demand for the product in various industries, such as power, construction, agriculture, marine, and aerospace, is anticipated to augment the market growth.Based on raw material, carbon steel accounted for the largest revenue share in 2021 and it is expected to maintain its dominance throughout the forecast period.

The growth is attributed to the properties of the material as the product often has a tight grain structure, which makes it mechanically strong to withstand friction. Also, carbon steel is cheaper than its counterparts.Construction is anticipated to expand at a steady CAGR, in terms of revenue, during the forecast period. The growth is attributed to increasing government investment in the construction sector to untangle the negative impact created by the COVID-19 pandemic.In November 2021, the Italian government came up with a new recovery and resilience plan to foster economic growth by 1.5 to 2.5% by 2026. The government is expected to invest in the construction of public buildings, renewable energy, and waste & water management.

In 2021, Asia Pacific was the largest regional market, in terms of revenue as well as volume. China and India were the largest consumers of metal forgings in 2021 in the APAC region. The rising demand for forged products from various application industries, such as construction, automotive, and energy, has pushed product consumption in the region.The global metal market is highly competitive. The rising demand for forged products has forced key manufacturers to opt for merger & acquisition strategies. For instance, in June 2021, Bharat Forge, a leading forging company in India announced that they have acquired Sanghvi Forging & Engineering Ltd.

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Metal Forging Market Report Highlights

• The aluminum raw materials segment is anticipated to register the fastest CAGR during the forecast period due to the high demand for lightweight materials from industries, such as aerospace, power generation, and automotive
• The aerospace application segment is expected to grow at a steady CAGR during the forecast period due to the high demand for air travel owing to changes in social behavior, which, in turn, is boosting aircraft production
• North America is expected to register a CAGR of 4.7%, in terms of volume, from2022 to 2030. Increasing investment in the construction & infrastructure industry and demand for renewables is driving the regional market
• The agriculture application segment is expected to register a significant CAGR, in terms of revenue, during the forecast period
• Steady demand for farm equipment in countries, such as India and Brazil, is likely to support market growth in the coming years

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Metal Forging Market Segmentation

Grand View Research has segmented the global metal forging market based on raw material, application, and region:

Metal Forging Raw Material Outlook (Volume, Kilotons, Revenue, USD Billion, 2017 - 2030)

• Carbon Steel
• Alloy Steel
• Aluminum
• Magnesium
• Stainless Steel
• Titanium
• Others

Metal Forging Application Outlook (Volume, Kilotons, Revenue, USD Billion, 2017 - 2030)

• Automotive
• Transportation
• Aerospace
• Oil & Gas
• Construction
• Agriculture
• Power Generation
• Marine
• Others

Metal Forging Regional Outlook (Volume, Kilotons, Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of the Metal Forging Market

• Arconic
• ATI
• Bharat Forge
• Bruck GmbH
• China First Heavy Machinery Co., Ltd.
• ELLWOOD Group, Inc.
• Jiangyin Hengrun Heavy Industries Co., Ltd.
• Nippon Steel Corp.
• Precision Castparts Corp.
• Kovárna VIVA
• Larsen & Toubro Ltd.
• Scot Forge Company
• thyseenKrup AG

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.

Fitness App Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing by 2030

Fitness App Market Growth & Trends

The global fitness app market is expected to reach USD 4.80 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 17.7% from 2024 to 2030. Fitness is one of the key segments in IT industry, which has exhibited immense growth since last decade in the U.S. This can be attributed to a range of factors, such as increasing awareness regarding benefits of wearable devices, growing spending power of the middle-income household, and people spending more time online. The growing penetration of smartphones and tablets across all demographics has resulted in high adoption of fitness apps. Some apps offer customized services based on body physiology and requirements.

Increasing applications of smartphones, such as telemedicine, remote disease management, Health Management Information Systems (HMIS), and others, are expanding the scope of IoT, especially in healthcare. Technological advancements in smartphone technology for improving disease diagnosis are anticipated to drive the growth of IoT in healthcare market. Moreover, smartphones offer ease of use and portability, making them an optimal solution for monitoring and diagnostic services, and large storage capacity. Growing affordability and reduced hardware costs drive the demand for smartphones in the market, which is expected to drive the growth of healthcare IoT solutions.

Asia Pacific is considered the fastest-growing region for fitness apps market. Growing adoption of smartphones by consumers contributes to the growth of various mHealth applications in the market. Continuous improvement in the network infrastructure and growing network coverage boosts the demand for mobile health services. Mobile network operators view mHealth as a beneficial opportunity for investment with the growing user adoption of smartphones coupled with rising awareness about health, nutrition, and diet.

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Fitness App Market Report Highlights

• Exercise & weight loss emerged as leading type segment in 2023 with a revenue share of 54.43% in the global marketowing to the increasing instances of obesity.
• By platform,iOS segment accounted for the largest revenue share in 2023owing to the increased adoption of this platform, especially, in countries such as Egypt, India, Brazil, Ireland, Portugal, Turkey, and South Africa.
• Based on device,smartphones accounted for the largest revenue share in 2023, whereas wearable is projected to expand at fastest CAGR during the forecast period.
• North America accounted for the largest share due to high penetration of smartphones, increasing awareness pertaining to health and wellness, and availability of several fitness apps.

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Fitness App Market Segmentation

Grand View Research has segmented the fitness app market on the basis of type, platform, and device:

Fitness App Type Outlook (Revenue, USD Million, 2018 - 2030)

• Exercise & Weight Loss
• Diet & Nutrition
• Activity Tracking

Fitness App Platform Outlook (Revenue, USD Million, 2018 - 2030)

• Android
• iOS
• Others

Fitness App Device Outlook (Revenue, USD Million, 2018 - 2030)

• Smartphones
• Tablets
• Wearable Devices

Fitness App Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Fitness App Market

• Adidas
• Appster
• FitnessKeeper
• Fitbit, Inc.
• Azumio, Inc.
• MyFitnessPal Inc.
• Noom
• Nike
• Under Armour, Inc.
• WillowTree, Inc.
• Polar Electro
• Kayla Itsines
• Google
• Fooducate
• ASICS America 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.

Expansion of Personal Mobility Devices Market During 2023– 2030 to Gain Robust Traction: Grand View Research Inc.

 Personal Mobility Devices Market Growth & Trends

The global personal mobility devices market size is expected to reach USD 17.97 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.8% from 2023 to 2030. The increasing R&D investments for the development of advanced mobility products and government initiatives to support reimbursement policies are some of the key factors boosting the market growth. The rising geriatric population and prevalence of chronic diseases, such as Parkinson’s, arthritis, and Alzheimer’s, are expected to drive the market over the forecast period.

The market is disrupted due to the COVID-19 pandemic during the second quarter of 2020 which affected the shipping and transportation of the devices. The decreasing production of these devices due to the pandemic has severely affected the industry's growth. The prices of wheelchairs and scooters have also been affected due to a decrease in the demand for the product. The market is likely to grow at a lucrative rate after the second half of 2020 as there is the ease of restrictions and an increase in the demand and requirement of the devices.

The rising number of surgical procedures, due to growing cases of cardiovascular and neurological cases and an increasing number of accidents and trauma cases, is contributing to the market growth. The regional market will retain its leading position throughout the forecast years. Developing healthcare infrastructure and growing healthcare expenditure are some of the factors contributing to its large share. Asia Pacific is expected to register the fastest CAGR during the forecast period due to the rising demand for personal mobility devices as a result of the growing geriatric population and increasing disposable income and awareness levels.

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Personal Mobility Devices Market Report Highlights

• Wheelchairs was the largest product segment in 2022 owing to an increase in demand for powered wheelchairs, especially in developed countries, such as U.S., Canada, and U.K.
• North America dominated the global market in 2022 due to increased healthcare expenditure and the geriatric population in the region
• The Asia Pacific is expected to be the fastest-growing regional market during the forecast period owing to the rising geriatric population and increasing disposable income levels
• Major market players are adopting various strategies to gain a competitive edge over others
• Some of these strategies include strategic alliances with buyers and the development of advanced devices via extensive R&D investments

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Personal Mobility Devices Market Segmentation

Grand View Research has segmented the global personal mobility devices market based on product and region:

Personal Mobility Devices Product Outlook (Volume, K Units; Revenue, USD Million, 2018 - 2030)

• Walking Aids
  • Rollators
    • Premium Rollators
    • Low-Cost Rollators
  • Others (Canes, Crutches, and Walkers)
• Wheelchairs
  • Manual wheelchairs
  • Powered Wheelchairs
• Scooters

Personal Mobility Devices Regional Outlook (Volume, K Units; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Personal Mobility Devices Market

• Drive DeVilbiss Healthcare
• GF Health Products, Inc.
• Invacare Corporation
• Carex Health Brands, Inc.
• Kaye Products, Inc.
• Briggs Healthcare
• Medline Industries, Inc.
• NOVA Medical Products
• Performance Health
• Rollz International

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.

U.S. Contraceptive Market Size Is Expected To Reach $12.4 Billion by 2030

 U.S. Contraceptive Market Growth & Trends

The U.S. contraceptive market size is expected to reach USD 12.4 billion by 2030 registering a CAGR of 5.16%, according to a new report by Grand View Research, Inc. Improving access and awareness regarding Long-Acting Reversible Contraceptives (LARCs) and the effectiveness and convenience of using these products are expected to drive the growth of the industry. The Guttmacher Institute reported that 60% of women belonging to the reproductive age use contraception in the U.S. Use of hormonal contraceptives other than the birth control pill has significantly increased in married women.

The increasing availability of contraceptives in the U.S. has improved several aspects of society such as education, career opportunities, and poverty for women. Access to modern methods of contraception has significantly improved career opportunities and allowed women to earn wages at par with men. Moreover, it has also reduced the number of women living in poverty due to unintended pregnancies and the high costs associated with raising a child. The legalization of family planning in the majority of the states has reduced the economic burden for the next generation as there has been a substantial reduction in the number of citizens living in poverty as adults.

The onset of the COVID-19 pandemic has showcased a negative impact on the market partially offsetting the initiatives by manufacturers. Short-term contraceptives such as birth control pills and condoms require re-prescription filling and frequent purchase, which may increase the risk of exposure to the virus. Thus, usage of these products has been limited during the pandemic. Moreover, the availability and distribution of contraceptives at public healthcare centers have been impacted in the U.S. Unemployment and loss of insurance that covers expenses of contraceptives in the U.S. are also anticipated to limit usage during the COVID-19 pandemic.

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U.S. Contraceptive Market Report Highlights

• The prevalence of teenage pregnancies is highest in the U.S. Government initiatives, such as improving sex education and increasing access to contraceptives, is expected to boost the adoption of various birth control methods in the country
• In 2022, the pills segment held the largest market share owing to the convenience of use and easy availability. The contraceptive pills market in the country is highly competitive due to the presence of generic products
• The rapid growth of subdermal implants in the U.S. contraceptive market is anticipated in the coming years. The subdermal implants market is highly consolidated with the presence of very few players
• The shutdown of manufacturing units in China and Southeast Asian countries during the early stages of the COVID-19 pandemic led to shortages of products such as condoms and implants.
• The operations of market players are affected by generic competition, industry consolidation, competitive combination products, new information from clinical trials of marketed products, and patents granted to competitors’ new products, among others.
• Key companies in this market are focusing more on M&A and product development to gain a competitive edge over others. In February 2020, TherapeuticsMD, Inc. entered into an agreement with Afaxys Pharma, LLC to increase access to ANNOVERA in the U.S. public health sector

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U.S. Contraceptive Market Segmentation

Grand View Research has segmented the U.S. contraceptive market on the basis of product:

U.S. Contraceptive Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Pills
• Intrauterine Devices (IUD)
  • Hormonal IUD
  • Nonhormonal IUD
• Condoms
  • Male Condoms
  • Female Condoms
• Vaginal Ring
• Subdermal Implants
• Injectable
• Others

List of Key Players of the U.S. Contraceptive Market

• Church & Dwight Co., Inc.
• Reckitt Benckiser Group Plc
• Veru, Inc.
• Organon Group Of Companies
• Pfizer, Inc.
• Teva Pharmaceutical Industries Ltd.
• The Cooper Companies, Inc.
• Mayer Laboratories, Inc.
• Agile Therapeutics
• TherapeuticsmMD, Inc.
• Bayer Ag
• Afaxys, Inc.
• Mithra Pharmaceuticals
• Abbvie

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.

Metal Powder Market Set to Surge Significantly During 2024-2030: Grand View Research Inc.

 Metal Powder Market Growth & Trends

The global metal powder market size is anticipated to reach USD 10.18 billion by 2030 and is projected to grow at a CAGR of 7.3% from 2024 to 2030 according to a new report by Grand View Research, Inc. Growth of the aerospace & defense market is anticipated to propel the demand for products across the forecast period.

A wide range of metals, including magnesium, aluminum, titanium, and nickel, are used in the aerospace industry. These materials are ideal for lighter structural elements due to their high strength to weight ratio. Thus, it is widely used in the production of aircraft and spacecraft components, like engines, turbines, heat exchangers, rocket snores, or structural elements.

Based on technology, the press & sinter held the largest revenue share of the market in 2023. Due to cost-effective nature of this technology, it is widely used in the market. Also, it is capable of manufacturing relatively complex designs/components. Rising demand for automotive parts is expected to drive growth of this segment.

Based on material, ferrous-based is anticipated to register a growth rate of 6.4%, in terms of revenue, over the forecast period. Ferrous-based products have become a major component of tools, cars, electrical appliances, firearms, and buildings due to their reduced cost and strong tensile properties. It is, therefore, expected that the segment will continue to have a dominant position over the forecast period.

Based on region, North America is anticipated to register a growth rate of 6.5% in terms of revenue over the forecast period. The penetration of AM and MIM in the sectors of aerospace & defense, medical research, and automotive can be attributed to a growing demand for metal powders in North America.

The market witnesses intense competition owing to the growing demand for metal powder. Key players are using mergers and acquisitions activity across the globe. For instance, in November 2023, 6K Additive acquired Global Metal Powder company. This acquisition is expected to help the company in expansion of refractory powder production and sustainable product development.

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Metal Powder Market Report Highlights

• Based on region, Asia pacific is expected to register growth rate of 7.2% across the forecast period. The promotion of private investments by various governments is projected to boost the manufacturing sector in the region, which, in turn, is expected to propel the market growth.
• Based on technology, additive manufacturing is expected to register growth rate of 15.5% in terms of revenue across forecast period. The growth of the technology is attributed to increasing demand for AM from aerospace industry to manufacture complex parts efficiently.
• Based on application, healthcare segment is expected to register fastest growth. Countries are investing in the medical industry by placing emphasis on modernization of hospitals and advancement of technology, in order to make healthcare more affordable.
• Based on the application, automotive industry held the largest revenue share in 2023. Automotive is one of the major consumers of metal powder, wherein various components are manufactured using, AM, press & sinter, HIP, and MIM processes.

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Metal Powder Market Segmentation

Grand View Research has segmented the Metal Powder Market on the basis of material, technology, application, and region.

Metal Powder Material Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Ferrous
• Non-ferrous

Metal Powder Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Press & Sinter
• Metal Injection Molding
• Additive Manufacturing
• Others

Metal Powder Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Automotive
• Aerospace & defense
• Healthcare
• Other applications

Metal Powder Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

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

List of key Players in the Metal Powder Market

• Advanced Technology & Materials Co., Ltd
• CRS Holdings Inc.
• GKN PLC
• Hoganas AB
• MolyWorks Materials Corporation
• POLEMA
• Rio Tinto Metal Powders
• Rusal
• Sandvik AB

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.

Data Center Power Market Expected To Trigger A Revenue To $15.01 Billion By 2030: Grand View Research, Inc.

 Data Center Power Market Growth & Trends 

The global data center power market size is expected to reach USD 15.01 billion by 2030, according to a new study by Grand View Research, Inc., exhibiting a CAGR of 8.0% during the forecast period. The shift in focus of end-users towards colocation and hyper-scale data centers is the key driving the industry growth. In addition, increasing establishments of such facilities of data centers are expected to result in a rise in demand for data center power equipment during the forecast period. The industry has been significantly impacted by the COVID-19 pandemic. A rapid growth in the datasets used & generated by several companies and individuals has resulted in a rise in data storage demand.

Globally, data centers consume around 1 to 1.25% of the total energy generated. Thus, many data center designers are adopting management solutions and advanced distribution of power to attain energy efficiency at lower Power Usage Effectiveness (PUE) ratios. This goal to reduce the PUE ratio is expected to further fuel the demand for intelligent and advanced products during the forecast period. An Uninterrupted Power Supply (UPS) is the backbone of data centers and is deployed for the smooth working of servers and other networking devices. Moreover, the cost of UPS is significantly higher than any other data center power product. Furthermore, most data centers use smart UPS systems, battery monitoring devices, and intelligent Power Distribution Systems (PDU) to reduce the PUE ratio.

Thus, increasing penetration of these new devices is expected to boost the demand for UPS during the forecast period. Many mega data centers in North America engage in procuring renewable energy sources for data center operations. Tier 1 and 2 facilities are anticipated to witness the espousal of basic PDUs. However, the adoption of intelligent infrastructure with power monitoring ability is expected to witness growth owing to rising concerns about power consumption, particularly in the U.S. However, the rise in complexity of data center design, high initial investment costs, and interoperability issues are expected to hinder the growth of the industry.

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Data Center Power Market Report Highlights

• The UPS segment led the industry in 2022 due to the adoption of co-location and the rising demand for energy in data centers
• The PDU segment is expected to expand at a significant CAGR from 2023 to 2030 due to the rising need for intelligent PDUs
• The IT & telecom industry emerged as the fastest-growing end-use segment in 2022. Over the forecast period, the demand is likely to be driven by a significant increase in the expansion and building of IT infrastructure
• North America accounted for the maximum revenue share in 2022 and is anticipated to continue its dominance over the forecast period
• This is due to the increasing number of data centers in the U.S. In addition, the region has emerged as the hub for operators and cloud service providers owing to affordable utility rates and tax incentives

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Data Center Power Market Segmentation

Grand View Research has segmented the global data center power market on the basis of product, end-use, and region:

Data Center Power Product Outlook (Revenue, USD Million, 2018 - 2030)

• PDU
• UPS
• Busway
• Others

Data Center Power End-use Outlook (Revenue, USD Million, 2018 - 2030)

• IT & Telecommunications
• BFSI
• Government
• Energy
• Healthcare
• Retail
• Others

Data Center Power Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • The Netherlands
  • Denmark
  • Finland
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Singapore
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA

List of Key Players in the Data Center Power Market

• ABB
• Black Box
• Eaton
• General Electric
• Generac Power Systems, Inc.
• Huawei Technologies Co., Ltd.
• Legrand
• Rittal GmbH & Co. KG
• Schneider Electric
• Vertiv Group 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.

Cardiovascular And Soft Tissue Repair Patches Market to Reach $7.8 Billion by 2030: Grand View Research Inc.

 Cardiovascular And Soft Tissue Repair Patches Market Growth & Trends

The global cardiovascular and soft tissue repair patches market size is expected to reach USD 7.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.4% from 2022 to 2030. The rapidly rising prevalence of congenital heart diseases, such as Atrial Septal Defect (ASD)and the ventricular septal defect is expected to drive the demand for the patches. In addition, increasing implementation of patches in medical procedures and growing sports injuries is expected to support the development and growth of the market over the forthcoming years. As per studies, ASD is the second most common type of congenital heart disease and the incidence rate across the global population is recorded to be 56 per 100,000 live births.

One of the key driving market forces is the rapidly rising prevalence of cardiovascular diseases. Changing lifestyles, growing obesity levels, adoption of unhealthy lifestyle habits, increasing alcohol consumption and smoking, and growing geriatric population are driving the incidence of cardiac disorders. As per World Health Organization estimates, cardiovascular diseases account for the largest share of 32% or 17.9 million deaths annually. As per the Centers for Disease Control and Prevention estimates, approximately 695,000 deaths in the U.S. are due to underlying cardiac diseases. Coronary heart diseases are recorded in the majority of cardiac disorder-related deaths. As per the Centers for Disease Control and Prevention estimates, coronary heart diseases accounted for 360,900 deaths in the U.S. in 2019.

Another key driving force supporting growth is the rising prevalence of hernias such as inguinal hernia, umbilical hernia, congenital diaphragmatic hernia, ventral hernia, and others. Some of the risk factors associated with hernias are heavy weight lifting, abdominal surgery, ascites, constipation, and chronic cough which increases the pressure on intra-abdominal regions resulting in abdominal hernias. Inguinal hernias are the commonest abdominal hernias and the incidence rate of inguinal hernia repairs in the U.K. is 10 per 100,000 individuals and in the U.S. are 28 per 100,000 individuals. Congenital diaphragmatic hernia is caused due to genetic factors and residual embryological channel defects. The abovementioned factors are driving the demand for patches in therapeutic procedures and wound care management.

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Cardiovascular And Soft Tissue Repair Patches Market Report Highlights

• The soft tissue repair segment dominated the market in 2021 due to the rapidly growing incidence rate of hernias across the globe
• The ePTFE segment dominated the market in 2021 owing to the multiple benefits associated with ePTFE, such as high durability, easy availability, and high tensile strength
• North America dominated the market in 2021 owing to the growing disease burden, advancing healthcare infrastructure, rising disposable income, and growing trend of minimally invasive surgeries

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Cardiovascular And Soft Tissue Repair Patches Market Segmentation

Grand View Research has segmented the global cardiovascular and soft tissue repair patches market on the basis of application, raw material, and region:

Cardiovascular And Soft Tissue Repair Patches Application Outlook (Revenue, USD Million, 2016 - 2030)

• Cardiac repair
  • Atrial Septal Defect
  • Common Atrium
  • Defects of the Endocardial Cushion
  • Ventricular Septal Defect
  • Tetralogy of Fallot
  • Right Ventricular Outflow Tract Reconstruction
  • Suture bleeding
• Vascular repair & reconstruction
  • Carotid endarterectomy
  • Anomalous Connection of the Pulmonary Veins
  • Transposition of the Great Vessels
  • Reconstruction of Portal and Superior Mesenteric Veins
  • Other Vascular Repair and Reconstruction
• Pericardial repair
• Dural repair
• Soft tissue repair
  • Defects of the Abdominal Wall
  • Defects of the Thoracic Wall
  • Gastric Binding
  • Hernias

Cardiovascular And Soft Tissue Repair Patches Raw Material Outlook (Revenue, USD Million, 2016 - 2030)

• ePTFE
• Biomaterial and tissue-engineered material
• Others

Cardiovascular And Soft Tissue Repair Patches Regional Outlook (Revenue, USD Million, 2016 - 2030)

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

List of Key Players of Cardiovascular And Soft Tissue Repair Patches Market

• Baxter
• Admedus
• Abbott
• LeMaitre Vascular Inc.
• Edwards Life Sciences Corporation
• Glycar SA Pty Ltd.
• LabCor
• Cryolife, Inc.
• CorMatrix
• Terumo Medical Corporation
• Bard Peripheral Vascular Inc.
• Neovasc
• L. Gore & Associates, Inc.
• Braun
• Novomedics
• TEI Biosciences Inc.
• Perouse Medical
• Gunze Limited
• Atriummed
• Maverick Bioscience
• Southern Lights Biomaterials
• Integra LifeSciences 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.

Food Processing Equipment Market to Reflect Impressive Expansion During 2024 to 2030: Grand View Research Inc.

 

Food Processing Equipment Market Growth & Trends

The global food processing equipment market size is expected to reach USD 69.30 billion by 2030, expanding at a CAGR of 4.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The changing lifestyle of people, increasing inclination toward nutritious food, and awareness about the health benefits of marine products are expected to surge the product demand over the coming years.

Population growth and rising disposable income, along with increasing urbanization, are expected to drive the consumption of processed foods, which, in turn, is expected to benefit the industry growth. Moreover, the governments of Middle Eastern countries are focusing on reducing their reliance on the petroleum sector and promoting investments in industries, such as construction, automotive, and food and beverage.

Farmed fish solutions for the marine industry had provided a convenient solution for the demand-supply imbalance. However, the industry witnessed a price hike for fresh and processed fish. The positive economic condition of the market and potential customers are some of the prominent factors that assure the prominent growth of the market over the forecast period.

Rising population, dietary shifts, and a rise in spending power influence the market growth, which exerts pressure on the industry to fulfill the ever-increasing demand of the world. In addition, the growing need for equipment in the wake of the rising consumption of processed foods in the developing economies in Asia Pacific is expected to drive the industry.

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Food Processing Equipment Market Report Highlights

• By type, the processing equipment is expected to witness the fastest growth over the forecast period owing to the high demand for processed products and the increasing popularity of healthy and packaged food
• Based on mode of operation, the automatic processing equipment segment is expected to expand at a significant CAGR from 2023 to 2030 owing to the high demand for technological development, growing use of automation, and strong research and development capabilities of market players
• The rise in demand for fast and packaged food is expected to compel manufacturers to expand their production capabilities, which is likely to trigger product demand over the forecast period
• The market in Brazil is expected to expand at a CAGR of 4.2% from 2023 to 2030 owing to the untapped opportunities and customer base
• Industry participants are adopting strategies, including distribution network expansion, new product developments, mergers & acquisitions, and partnerships, in order to gain a competitive edge in the industry

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

Food Processing Equipment Market Segmentation

Grand View Research has segmented the global food processing equipment market on the basis of mode of operation, type, application, and region:

Food Processing Equipment Mode of Operation Outlook (Revenue, USD Billion, 2018 - 2030)

• Automatic
• Semi-automatic

Food Processing Equipment Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Bakery & Confectionaries
• Meat, Poultry, & Seafood 
• Beverage
• Dairy 
• Fruit, Nut, & Vegetable
• Grains
• Others

Food Processing Equipment Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Processing
  • Extruders and Forming Machines
  • Ovens and Dryers
  • Refrigeration and Freezing Equipment
  • Coating Equipment
  • Others
• Pre-processing
  • Sorting & Grading
  • Cutting and Peeling Equipment
  • Washing Equipment
  • Mixing and Blending Equipment

Food Processing Equipment Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players of Food Processing Equipment Market

• BAADER Group
• Marel
• Bühler AG
• GEA Group Aktiengesellschaft
• The Middleby Corporation
• Tetra Laval International S.A.
• Alfa Laval
• Krones AG
• JBT Corporation
• SPX Flow Inc.
• LEHUI
• Equipamientos Cárnicos, S.L. (MAINCA)
• FENCO Food Machinery s.r.l.
• Bigtem Makine A.S.
• TNA Australia Pty Limited

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.

Gypsum Board Market is Estimated to Increase at a CAGR of 12.7% from 2024 to 2030: Grand View Research Inc.

 

Gypsum Board Market Growth & Trends

The global gypsum board market size is expected to reach USD 127.06 billion by 2030, registering a CAGR of 12.7% during the forecast period, according to a new report by Grand View Research, Inc.The growth is attributed to the increasing residential and commercial construction spending in developing regions of Asia Pacific such as China, India, and Indonesia, coupled with strong economic growth in the aforementioned regions, which is anticipated to drive market expansion over the forecast period.

Rapid urbanization is expected to result in an increase in the number of new projects, primarily in residential and building applications, which, in turn, is likely to fuel the growth of the gypsum board market over the forecast period. In addition, factors such as the rapidly growing construction industry, increasing technological advancements in the construction sector, and advantages offered by gypsum board in terms of reduced cost & time and easy installations, are contributing to the market growth.

North America and Europe are expected to witness significant growth due to the recovery of the housing sector post-recession. The U.S. is expected to remain a key product market over the forecast period owing to increasing wallboard usage in non-load-bearing walls and suspended ceilings.

The most widely used gypsum board products include wallboard, ceiling board, and pre-decorated board, among other products such as sheathing, lath, and plaster base. They are used for partitions and the lining of walls, ceilings, roofs, and floors. The properties of plasterboard can be modified to meet specific requirements, such as fire resistance, humidity resistance, and impact resistance, thus generating considerable and regular demand through its versatility.

Conventionally, gypsum is a common mineral found in thick and extensive evaporate beds in association with sedimentary rocks. It is majorly procured through mining and synthesis processes. Major multinationals involved in gypsum processing are Global Gypsum Mining Company, American Gypsum, and Al-Rawas Mining Co. LLC, among several others such as USG Corporation, Baier Group, and Knauf Dubai.

The players in the global gypsum board market are focused on maintaining strategic relationships with suppliers and distributors in order to maintain a steady product supply. Additionally, the market players generally source raw materials from multiple sources so as to avoid disruptions in material supply.

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Gypsum Board Market Report Highlights

• The gypsum ceiling board product segment is expected to expand at a significant CAGR over the forecast period. Gypsum ceiling board is increasingly replacing other conventional counterparts, including plaster in ceilings and interior walls. These ceiling boards significantly improve the thermal and sound insulation in buildings at a relatively lower cost, whilst offering high rigidity and core strength. They are increasingly being preferred by architects since they facilitate a beautiful, homogenous appearance along with a smooth finish without any visible joints
• Gypsum board and other gypsum products are used as a sound-reduction medium in commercial spaces, designed to provide a physical barrier to sound by incorporating a sound break, hence minimizing reverberations. Gypsum is widely preferred by architects for commercial structures since it allows the creation of stunning interiors, both modern and classical while remaining within an affordable budget
• The market in the UK is expected to be driven by strong growth in construction and refurbishment activities in key sectors such as housing, offices, educational institutes, hotels & restaurants, resorts, transport buildings, and online retail warehousing. However, weakened commercial and industrial activities in the country, coupled with uncertainty in the industrial sector due to Brexit, may lead to a moderate product demand over the forecast period
• The gypsum board industry is highly technology-driven. Players are focusing on developing new products to satisfy the market demand and gain a competitive edge. Furthermore, the key market players operate their businesses by focusing on cost leadership strategies.

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

Gypsum Board Market Segmentation

Grand View Research has segmented the gypsum board market based on product, application, and region:

Gypsum Board Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• Wallboard
• Ceiling Board
• Pre-decorated Board
• Others

Gypsum Board Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• Pre-engineered Metal Buildings
• Residential
• Industrial
• Commercial
• Institutional

Gypsum Board Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Mexico
  • Brazil
• Middle East & Africa
  • Bahrain
  • Kuwait
  • Qatar
  • Oman
  • Saudi Arabia
  • UAE
  • Jordan
  • Iraq
  • Iran
  • Egypt
  • Syria
  • Turkey
  • Libya
  • Sudan

List of Key Players in the Gypsum Board Market

• USG Zawawi Drywall LLC SFZ
• Knauf
• Gypsemna
• Global Mining Company LLC (GMC)
• Gulf Gypsum Co. (ASK Gypsum Factory Ltd.)
• National Gypsum Company
• Beijing New Building Material (BNBM) Public Ltd Co.
• Extex Group
• United Mining Industries (UMI) Company Ltd.
• Saint-Gobain Gyproc
• Lafarge Group
• Ahmed Yousef & Hassan Abdulla Co. (AYHACO)
• Yoshino Gypsum Co. Ltd.

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.

Aerospace Parts Manufacturing Market Is Booming Worldwide 2024-2030

 Aerospace Parts Manufacturing Market Growth & Trends

The global aerospace parts manufacturing market size was estimated at USD 1,233.24 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. The expansion in air passenger and air freight volume across the globe against the backdrop of economic growth in emerging countries and considerable developments in commercial aviation are the key drivers for aerospace parts manufacturing market.

The number of passengers flying per year has continued to ascend, fueled by affordable ticket prices, frequency of flights, and route availability. This is to positively impact on the aerospace parts manufacturing market over the coming years. Aviation is carbon intensive and one of the fastest growing sectors in terms of greenhouse emissions. Increasing demand for air transportation and decreasing marginal fuel efficiency are likely to put pressure on aerospace industry to reduce the greenhouse emissions.

Growth and improvement in emerging economies coupled with the increase in per capita income are expected to drive the demand for passenger and air freight over the forecast period, consequently resulting in surged demand for aerospace parts manufacturing. Moreover, the aging fleet, technological advancements, increased need for efficient aircraft, and aircraft designed for specific missions such as space missions are expected to drive the demand for new aircraft, thereby boosting the demand for aerospace parts manufacturing.

The increased defense spending to reduce the operational costs and improve the efficiency of aircraft is anticipated to create opportunities for innovation, which, in turn, is expected to boost the technological advancements in aerospace parts manufacturing market. Additionally, energy costs continue to be the most significant expense in aircraft operations, thus impelling the replacement of more in-service aircraft with fuel-efficient aircraft. This is further anticipated to present tremendous opportunities to the aircraft and aero engine manufacturers.

Aerospace parts manufacturers purchase raw materials either directly from suppliers or through third party suppliers under competitively priced supply contracts or bidding arrangements. Parts manufacturers procure raw materials from suppliers to produce customized components for their clients. They enter into long-term contracts with material suppliers to maintain a robust supply. The manufacturers of the complex aerospace parts, such as aero engines, have their own supply chain within the market.

Aircraft manufacturers provide the flexibility of customization to their major customers such as large airlines in order to differentiate the brands and fulfill operational requirements. Airlines then add or modify the pre-qualified components offered by the suppliers. Airlines enter into definitive agreements with aerospace parts manufacturers for the supply and maintenance of their products. In addition, major market suppliers such as Safran Group offer their engines to the airlines and simultaneously offer maintenance, repair, and overhaul services.

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Aerospace Parts Manufacturing Market Report Highlights

• On the basis of product, aircraft manufacturing is dominated the aerospace parts manufacturing industry in 2023. However, manufacturing of insulation components represent the strongest growth and is expected to continue the trend in the near future. Additive manufacturing is gaining attraction, owing to its benefits, such as low-cost and reduction in errors.
• Based on aircraft type, commercial aircrafts dominated the market including passenger, freight, and cargo aircraft. The global commercial passenger and cargo fleet are expected to grow in line with the annual number of passengers, which is expected to double over the next two decades.
• Based on the region, North America contributes the largest share to the market, accounting for more than 51.7% of the total market in 2023, owing to the presence of key aerospace parts manufacturers coupled with the huge aircraft manufacturing industry in the region.
• The Asia Pacific region is estimated to be the fastest growing market for aerospace parts manufacturing industry due to growing development in the aviation industry in the region driven by the economic growth of Japan, China and other markets. Moreover, growth in passenger traffic is forecasted to drive the market growth over the forecast period.
• The aerospace parts manufacturing companies are integrated into the value chain from earlier stages of material purchase and design process. Aircraft manufacturing companies work closely with suppliers to monitor technological trends as well as to anticipate any changes in component availability and pricing.

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

Aerospace Parts Manufacturing Market Segmentation

Grand View Research has segmented the global aerospace parts manufacturing market report based on product, end use, and region:

Aerospace Parts Manufacturing Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Engines
• Aircraft Manufacturing
• Cabin Interiors
• Equipment, Safety & Support
• Avionics
• Insulation Components

Aerospace Parts Manufacturing Aircraft Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Commercial
• Business
• Military
• Others

Aerospace Parts Manufacturing Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • The Netherlands
• Asia Pacific
  • Indonesia
  • Malaysia
  • Philippines
  • China
  • Japan
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Aerospace Parts Manufacturing Market

• JAMCO Corporation
• Intrex Aerospace
• Rolls Royce plc
• CAMAR Aircraft Parts Company
• Safran Group
• Woodward, Inc.
• Engineered Propulsion System
• Eaton Corporation plc
• Aequs
• Aero Engineering & Manufacturing Co.
• GE Aviation
• Lycoming Engines
• Pratt & Whitney
• Superior Air Parts Inc.
• MTU Aero Engines AG
• Honeywell International, Inc.
• Collins Aerospace
• Composite Technology Research Malaysia Sdn. Bhd.
• Mitsubishi Heavy Industries Ltd.
• Kawasaki Heavy Industries Ltd.
• Subaru Corporation
• IHI Corporation
• Lufthansa Technik AG
• Diel Aviation Holding GmbH
• Elektro-Metall Export GmbH
• Liebherr International AG
• Hexcel Corporation
• DuCommun Incorporated
• Rockwell Collins
• Spirit Aerosystems, Inc.
• Panasonic Avionics Corporation
• Zodiac Aerospace
• Thales S.A.
• Dassault Systems SE
• Parker-Hannifin Corporation
• Chemetall GmbH
• Premium AEROTECH GmbH
• Daher Group
• FACC AG
• Triumph Group
• Curtiss-Wright Corporation
• Stelia Aerospace
• Magellan Aerospace
• Bridgestone 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.