Structural Core Materials Market Key Players Analysis, Segmentation And Forecast Report till 2025

June 30, 2021: The global Structural Core Materials Market is expected to reach USD 2.80 billion by 2025 The structural core materials are combined into composite materials, which are used extensively in construction, civil infrastructure, aircraft, automotive, corrosion-resistant equipment industries and military. The composite material is manufactured by mixing two or more materials that possess unique properties. These composites are categorized into two: sandwich panels and laminates. A Laminate Panel is kind of factory-made timber made from wood veneer or thin sheets of substrates which is comparable to the extensively used plywood. The structural core materials market is expected to grow at a substantial CAGR of 5.9% in the forecast period due to the growth in demand of structural core materials in the wind energy sector.

Core is a layer that is sparse but is strongly filled with material between two faces in a structural composite. The core maintains the thin skin or faces in their respective positions by avoiding them from folding or colliding outward or inward. The stiffness of structural composite is based on the thickness of the used core. The materials which can be combined into structural core are carbon, aluminum, and paper. Some of the structural cores that are easily accessible from the market are foam, honeycomb, and balsa. The honeycomb is the most common type after foam and balsa. The honeycomb is available in the forms like nomex honeycomb, thermoplastic honeycomb, and aluminum honeycomb. Other types of foams comprise PVC foam, polyurethane foam, polystyrene foam, and polymethyl metacrylamide foam.

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A perfect structural core material include qualities like stiffness, light in weight, thermal transfer or insulation, strength, and dampening of vibration or noise. The type of structural core material is determined according to the application nature. It is then integrated into the structural composite. Structural core materials are used in the manufacturing of air bags in automobiles, safety gears like bulletproof jackets, the electronic circuit boards, communication antenna, rocket components, aircraft and missiles. Different industries are lately becoming aware of the structural core materials and are accepting them over solid laminates. The growing composite uses in the aerospace sector along with the increasing popularity of PET foams across various end users are predicted to boost structural core materials market growth in the coming years.

The structural core material market is categorized on the grounds of product type, outer skin type, and by end-use industry. On the grounds of type, the market is divided into foam, Balsa and honeycomb. On the grounds of outer skin type, the market is divided into GFRP, CFRP, NFRP, and others. On the grounds of end-use industry, the market is divided into Aerospace, Wind Energy, Marine, Transportation, Construction, etc.

North America employs a wide number of structural core materials in the aerospace businesses. Some leading economies in Asia Pacific manufacture automobiles and the spare parts. Hence, this market is expected to grow with a consistent speed in the coming years. Also the well-established marine industry in China is forecasted to dominate the market largely from Asia Pacific. Europe is also predicted to contribute to the growth of structural core material industry due to the extensive demand from the end user sectors like aerospace, automotive, and defense equipment. Middle East and Africa hold large presence of the electronics and automotive industries which is estimated to boost the structural core materials industry

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Some of the key market players profiled in the article are Schweiter Technologies, Diab Group, Hexcel Corporation, Euro Composites, Evonik Industries Gurit Holding, Changzhou Tiansheng New Materials Co. Ltd., The Gill Corporation, Plascore Incorporated, and Armacell International,.

Market Segment:

Structural Core Materials Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Foam

    • Balsa

    • Honeycomb

Structural Core Materials Skin Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • GFRP

    • CFRP

    • NFRP

    • Others

Structural Core Materials End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Aerospace

    • Automotive

    • Wind energy

    • Marine

    • Construction

    • Others

Structural Core Materials Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

    • Europe

        • U.K.

        • Germany

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

        • Brazil

    • Middle East & Africa

        • Saudi Arabia

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Rolling Stock Market Growth Factors, Strategies And Highlights of The Market till 2025

June 30, 2021: Global Rolling Stock Market size is expected to reach USD 75.12 billion by 2025. Rolling stock is the wheeled vehicles that are used on a railway. It is commonly used for transportation of passengers as well as goods such as conventional fuels, agricultural products, heavy machinery and construction materials. It has facilitated easy transportation with some benefits such as reliability, cost-effectiveness and comfort. Need for reduced traffic, reliability and cost efficiency has increased the adoption of rolling stock for transportation of goods, passengers and animals. The rolling stock market to witnesses a CAGR of 4% in the forecast period.

In rolling stock, some locomotive technologies are used such as conventional locomotive, turbocharge locomotive, maglev, and others. The “turbocharge locomotive” segment is projected to grow at the higher CAGR in the coming years. Numerous companies are implementing turbocharger technology in locomotives used for public transport. Rolling stock could be explored by product such as rapid transit vehicle, locomotive, wagon, subway/metro vehicle, passenger coach, light rail/ tram car, and others. The “rapid transit vehicle” segment is anticipated to witness strong growth in the next couple of years owing to high speed and enhanced comfort offered by these vehicles. Moreover, increasing demand for magnetic levitation trains and automated trains for public transportation is expected to boost the market growth in the next couple of years.

Train types such as rail freight and passenger rail could be explored in rolling stock industry. The demand for passenger rails is constantly increasing globally. Moreover, passenger rails are mass transit systems and more cost-effective than roadways. Metros, trams and high-speed trains are the most preferred passenger rails due to their faster transportation service.

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The factors that play an important role in the growth of market include increasing demand, growing population, increasing urbanization & industrialization, growing demand for public transport, increasing need for energy-efficient transport, rising demand for rail vehicles such as local trains, trams & passenger rails, technological advancement and stringent government rules & regulations. The other factors include improvement of rail tracks, enhancements to the existing rail management systems, building new lanes, technological development of rail control and signaling services.

Moreover, growing rail supply market in the rail infrastructure projects and governments are heavily investing in the rail infrastructure projects like signaling, electrifying of tracks & urban transit systems in developing countries are major factors driving the growth of market in the next couple of years. However, high installation and maintenance cost of rolling stock is negatively impacting the growth of rolling stock industry.

The probable stakeholders for market include manufacturers of rolling stock, dealers & distributors of rolling stock, investment firms, equity research firms, private equity firms and industry associations. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is classified into product, type, train type, locomotive technology and geography.

The market is classified by type such as diesel and electric. The “electric vehicles” sector is expected to hold the large market share in the upcoming period due to its benefits such as reduced pollution and enhanced efficiency of vehicles. Electric trains are eco-friendly and emit 20%-30% less carbon monoxide as compared to diesel trains.

Asia Pacific is projected to grow at the higher CAGR in the upcoming period owing to the increasing adoption of rail vehicles for transporting goods and passengers. Also, the growing investments in electric and metro trains in developing countries such as India, Taiwan and China which fuels the growth of market in this region. Middle East & Africa (MEA) is expected to be the fastest growing region in the years to come due to the rising applications of rolling stock in the oil & gas and mining industries for transportation of goods.

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The key players contributing to the robust development of the rolling stock industry includes CRRC Corporation Limited, Alstom Transport, Bombardier Transportation, Alstom SA, Trinity Rail Group LLC, GE Transportation, Diesel Locomotive Works (DLW), Stadler Rail AG, Siemens Mobility, Japan Transport Engineering Company, Downer Rail, Faiveley Transport, General Electric Company, UGL Rail, The Greenbrier Co., Texmaco Rail and Engineering, Hitachi Rail Systems, and Hyundai Rotem. The major market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Market Segment:

Rolling Stock Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Locomotive

    • Rapid Transit Vehicle

    • Wagon

Rolling Stock Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Diesel

    • Electric

Rolling Stock Train Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Rail Freight

    • Passenger Rail

Rolling Stock Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • U.K.

        • Germany

        • Russia

    • Asia Pacific

        • China

        • Japan

        • India

    • South America

        • Brazil

    • Middle East & Africa

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Protein Ingredients Market Key Players Analysis, Segmentation And Forecast Report till 2025

June 30, 2021: Global Protein Ingredients Market size is expected to reach USD 48.77 billion by 2025. Protein is a macronutrient which is essential to building blocks of the human body. It is generally found in animal product and present in the other sources such as legumes and nuts. Seafood, meat, poultry, beans, grains and dairy products are the good sources of protein. The increasing awareness amongst the consumers, especially for dietary supplements and functional foods is a main factor drive the growth of market in the coming years. The market is expected to register a CAGR of 7.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

There are two types of protein-based products are available such as animal proteins and plant proteins. The animal proteins consist of egg protein, whey protein concentrates, milk protein concentrates/ isolates, whey protein hydrolysates, gelatin, whey protein isolates, casein/ caseinates and others whereas the plant protein including wheat, soy protein concentrates, textured soy protein, soy protein isolates, pea, canola and others. The “soy protein concentrates” are the high consumed form of plant proteins ingredients and is projected to grow at the higher CAGR in the upcoming period due to it easily digestible and having greater fat retention capacity and higher nutritional level. Also, the soy concentrates are increasingly used in breakfast cereals, baked products, meat products and poultry products.

Protein ingredients could be explored by application such as infant formulations, foods & beverages, personal care & cosmetics, animal feed, protein & nutritional bars, supplements & nutritional powders, pharmaceuticals, breakfast cereals, bakery & confectionery, dairy products, meat & meat products and others. The “food & beverage” industry is expected to hold the large market share in the years to come owing to the growing population, changing lifestyle of consumers and rising number of cafes & restaurants especially in the emerging countries of India and China.

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The factors that play an important role in the growth of this market include increasing demand, growing population, increasing urbanization & industrialization, growing consumer inclination towards healthy food, rising concerns about animal nutrition & health, increasing demand for superior personal & health care products, increasing health consciousness among consumers and increasing demand for processed foods & energy drinks. Moreover, rapidly growing food & beverages industry in Asia Pacific countries including India, Malaysia, China & Indonesia and growing domestic demand for foods & beverages in emerging countries of BRICS are expected to boost the market growth in the upcoming period. In addition, the growing demand for soy proteins for food applications such as snacks, dairy products and sports nutrition will positively contribute to the growth of the protein ingredients market in the next couple of years.

However, fluctuating prices of protein-based products is negatively impacting the growth of protein ingredients industry. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is categorized based on product type, form, application and geography. The market is classified into form such as isolate, concentrate and others.

North America is expected to hold the large market share in the upcoming period due to increasing consumption of energy bars, snacks & cold cereals, growing demand for high nutritional products, increasing disposable income, new product development, increasing the number of health conscious population and growing food & beverage industry. Asia Pacific is projected to grow at the higher CAGR in the years to come owing to growing exports and domestic demand. The growth of cosmetics & healthcare industries in India, Japan, South Korea and China, coupled with the low manufacturing cost of protein-based products as compared to the U.S. and European countries, is expected to boost the protein ingredients market growth in the upcoming period.

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The key players contributing to the robust development of the protein ingredients industry include DuPont, Archer Daniels Midland Company (ADM) Inc., Cargill Inc., Kewpie Corporation, Kerry Group plc, E. I. du Pont de Nemours and Company, Arla Foods, Bunge Limited, AMCO Proteins, Omega Protein Corporation, GELITA AG, Fonterra Co-operative Group Ltd., Hilmar Ingredients and CHS Inc. The major market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Market Segment:

Protein Ingredients Type Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 - 2025)

    • Plant proteins

    • Animal proteins

Plant Protein Ingredients Product Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 - 2025)

    • Wheat

    • Soy protein concentrates

    • Soy protein isolates

    • Textured soy protein

    • Pea

    • Canola

    • Others

Animal Protein Ingredients Product Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 - 2025)

    • Egg protein

    • Milk protein concentrates/isolates

    • Whey protein concentrates

    • Whey protein hydrolysates

    • Whey protein isolates

    • Gelatin

    • Casein/Caseinates

Protein Ingredients Application Outlook (Volume, Kilo tons; Revenue, USD Million; 2014 - 2025)

    • Foods & beverages

    • Infant formulations

    • Personal care & cosmetics

    • Animal Feed

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

    • Europe

        • UK

        • Germany

    • Asia Pacific

        • China

        • India

    • Latin America

        • Brazil

    • Middle East & Africa

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Paint Additives Market Global [COVID19 Impact] Segmentation, trends, Share and Development till 2025

June 29, 2021: The global paint additives market is expected to reach USD 10.9 billion by 2025. Growing use of paints and coatings in the construction and the automotive sectors due to highly preferred solvent properties are major growth factors. Other factors such as increase in the expenditure on construction activities and rise in the adoption of paints and coatings in automotive sector, are fueling growth of the paint additives market, mainly in developing economies across the globe. The increasing use of paints and coating is expected to influence demand for paint additives in the forecast period. Paint additives market is expected to witness 6% CAGR in the forecast period.

The stringent laws and regulation against harmful effects of paints and coating on environment are compelling market players to adopt environment-friendly paints and coatings additives that complies with the regional and international regulations. This has led market players to significantly invest in research and development for paint addictive market. With the development of low cost solutions to avoid the use of volatile organic compounds is contributing to the market expansion in upcoming years.

Number of international and local governing agencies are regulating the use of paints and addictive such as European union (EU), and national institute for occupational safety and health (NIOSH). These regulations allow industries to avoid dangers of adverse chemical and physical effects along with the use of raw materials and storage equipment.

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Paint and coating additives consists of a variety of elements that are added into polymer resins, dyes, varnishes and other materials in order to change their specific properties as per the requirements. Paint additives are categorized into various materials such as insulating paint additives, powder varnish additives, reagents, moistening agents, levelers, clarifier, coupling addictive, de-flocculants, thinning agents, viscous agents, and anticaking additives. Paint additives and varnishes occur in various forms as well.

The wide range of paint addictive and coating additives such as insulating paint additives and powder coating additives utilizes premium quality base materials in their production. The main objective for using paint addictive is to accomplish properties such as water resistance, erosion resistance, and endurance against heat and abrasion. Currently available paint addictive and coating addictive in the market are mostly safe and environment-friendly. With recent development for the production of paint addictive and coating additives has led to extremely reasonable prices.

Paint additives consists of an extremely vital type of raw materials that utilized for the production of paints and coating materials, also in various application that are narrowly associated with coating materials. The essential factors associated with paint addictive are quality and coating application properties that are dependent on the type of raw material used. Also, selection of the correct additives that is to be added with the paints and coating is significantly vital.

Selection particular addictive for paint and coating material majorly influence on the characteristics of the paint and coating materials. Additives causes change in functionality of added materials such as binder, pigment extender, and solvent. Quantity of additives varies as per requirement, typically ranges from five to ten percent by weight. Though, standard proportion of a one additive in a coating formulation is commonly around one and half percent to the overall quantity of the paint material.

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The paint additives market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. Asia-Pacific region is predicted to hold major market share in the paint additives market with massive growth in forecast period. Countries such as Japan, Malaysia, China and India are leading the Asia-Pacific market with the growing need for infrastructural facilities and increasing investment by market players due to potential growth opportunities. North America and Europe region have shown major growth in recent years owing to the rise in commercial as well as residential construction and rising living standards. The key players in the paint additives industry are AkzoNobel Co., Arkema S.A., BASF Enterprises, Evonik Industries, Ashland Global Holdings Incorporations, and Buckman Laboratories Incorporations.

Market Segment:

Paint Additives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Rheology modifiers

    • Biocides

    • Anti-foamers

    • Wetting & dispersion agents

    • Others

Paint Additives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Architectural

    • Industrial

    • Wood & furniture

    • Automotive

    • Others

Paint Additives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

    • Europe

        • U.K.

        • Germany

    • Asia Pacific

        • China

        • India

    • Central & South America

        • Brazil

    • Middle East & Africa

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Nuclear Decommissioning Services Market Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential till 2025

June 29, 2021: The Global Nuclear Decommissioning Services Market is expected to reach USD 8.90 billion by 2025. The Nuclear Decommissioning is the procedure where plants are discharged from service along with the termination of their operating licenses approved by (NRC) Nuclear Regulatory Commission. The global market is expected to grow at a CAGR of 6.8% in the forecast period.

NRC is a regulatory body with established protocols and underlying guidelines. These guidelines include processes and requirements which a company is expected to follow to ensure that the decommissioning procedure is environment-friendly. The decommissioning procedure aims to decrease the level of residual radioactivity. This is operated by dissembling the structures, removal of polluted materials to allow right disposing of facilities, storing the used nuclear fuel. This is done until the fuel is required to be removed from the site of nuclear power plant for safe storage or disposal, and discharging the property for further uses.

Most companies offering support services for nuclear decommissioning need to comply with strict regulations concerning to safety as the decommissioned region is under the nuclear radiation’s influence. The services offered by the companies comprise disassembling concepts, accompanying controls, decommissioning reports, waste package assessment and post-operational phase support.

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The market is predicted to rise progressively in the coming years owing to the growing support from the government post nuclear accidents and global nuclear phase out. Increase in public safety issues due to the dangerous effects of nuclear accidents is set to fuel up the Nuclear Decommissioning Services market demand in the near future. Additionally, the rising sustainability issues are projected to influence the market growth positively.

Owing to different government initiatives and protocols the market is eyeing to promote Nuclear Decommissioning Services in the coming years. The ongoing research and developments is assisting various innovative decommissioning technologies to allow well-organized disassembling of nuclear facilities. Moreover, for enabling sustainable development, the government authorities are offering various incentives and support schemes. This will allow systematic disassembling of nuclear plants.

Market is categorized on the grounds of reactor types, decommissioning strategy, capacity and geography. On the grounds of the reactor types, the market is divided into boiling water reactor, gas-cooled reactor, pressurized water reactor, etc. the pressurized water reactor type is expected to grow considerably in future with the study of previous growth cycle. The rising PWR (Pressurized Water Reactor) demand due to easy-to-use nature and stability is also expected to fuel up the market significantly.

On the grounds of decommissioning strategy, the market is divided into immediate strategy, deferred strategy and entombment. The immediate dismantling strategy is expected to capture larger share in the Nuclear Decommissioning Services market in the near future depending on decommissioning strategy. On the grounds of capacity, the market is divided into Up to 800 MW, 801 MW–1,000 MW and Above 1,000 MW. On the basis of decommissioning strategy, immediate disassembling is expected to account for the largest share in the market by 2025.

The Nuclear Decommissioning Services Industry is examined on the basis of three regions North America, Europe and Asia-Pacific. Europe is expected to hold maximum market share owing to the factors like strict regulations to phase out nuclear plants and government commitment. Additionally, majority nuclear plants from North America region are old and approaching the decommissioning phase, that will create large opportunities for Nuclear Decommissioning Services Market.

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Some of the key players in the Nuclear Decommissioning Services Industry are Studsvik AB, AECOM, Babcock International Group PLC., Areva Group, and Westinghouse Electric, among others. All of these players are targeting to penetrate the emerging economies and are also adopting different methods to grow their market share.

Market Segment:

Nuclear Decommissioning Services Reactor Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Pressurized Water Reactor (PWR)

    • Boiling Water Reactor (BWR)

    • Pressurized Heavy Water Reactor (PHWR)

    • Gas Cooled Reactor (GCR)

    • Others

Nuclear Decommissioning Services Strategy Outlook (Revenue, USD Million, 2014 - 2025)

    • Immediate Dismantling

    • Deferred Dismantling

    • Entombment

Nuclear Decommissioning Services Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

    • Europe

        • Germany

        • U.K.

        • France

    • Asia Pacific

        • Japan

        • South Korea

    • South & Central America

    • Middle East and Africa

Get in touch

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Neuroendoscopy Devices Market Global [COVID19 Impact] Segmentation, trends, Share and Development till 2025

June 29, 2021: The neuroendoscopy devices market is expected to reach USD 203.9 million by 2025. The global market is set to witness a higher CAGR in the forthcoming period. Neuroendoscopy devices market is driven by factors such as rising number in cases of brain tumor and demand for minimally invasive surgeries. In addition, increasing incidences of intraventricular haemorrhage and growth in cases of pituitary tumors are likely to contribute to the market growth in the forecast period. The market witnesses several opportunities in form of rising incidences of brain injury and neural surgeries combined with increase in minimally invasive procedures.

Endoscopy plays a crucial role in minimally invasive neurosurgery; and in fact, neuroendoscopy has undergone constant changes following the progress of rigid endoscopes, flexible and steerable fiberoscopes. Neuroendoscopic techniques enable neuro-surgeons to achieve intraventricular cystic lesions in a minimally invasive technique. Determining the operative morbidity and mortality by using conventional approaches to the lesions, endoscopic surgery offers a safer outcome owing to the direct inspection of cyst membrane and regularity in contents. Combining neuroendoscopy with neuronavigation, the inclination towards robotic technology leads further to the progress in intraventricular neuroendoscopy.

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Neuroendoscopy devices market is quadfurcated into surgery, device type, application and geography. Geographical segmentation for market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North American market is expected to lead the market growth in the forthcoming period followed by Europe. North America witnesses rising incidences of pituitary tumors that demand minimal invasive techniques for rapid recovery in patients. Favorable reimbursements, rising prevalence of cancer, and rise in investments is likely to fuel the market growth in the near future.

Asia-Pacific’s market is expected to gain a positive traction in the forthcoming period due to untapped potential in the APAC sector and favorable opportunities in Japan, China, and India. In addition, healthcare insurance, rise in technological advancements and rise in healthcare expenditure is likely to contribute to the market growth. European market is expected to gain a moderate CAGR in the forthcoming period due to rising cases of premature births and improved healthcare infrastructure is likely to propel the market growth in the forthcoming period.

Middle Eastern regions are expected to gain a higher growth in the forthcoming period owing to improvisation in maternal care solutions and availability of enhanced NICU infrastructure. African regions are expected to register a moderate CAGR in the forthcoming period due to low awareness among the population regarding health policies by government. In addition, growing cases of infection caused in people resulting into blood loss is likely to hinder the market growth.

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However, opportunities such as technological advancements and preference for minimally invasive diagnostics is likely to contribute to the neuroendoscopy devices market growth in the near future. The key players in the neuroendoscopy devices industry include B.Braun Medical Inc, Olympus Corporation, Karl Storz, Zeiss International, Medtronic, and Stryker.

Market Segment:

Neuroendoscopy Devices Surgery Type Outlook (Revenue, USD Million; 2014 - 2025)

    • Intraventricular

    • Transcranial

    • Transnasal

Neuroendoscopy Devices Type Outlook (Revenue, USD Million; 2014 - 2025)

    • Rigid

    • Flexible

Neuroendoscopy Devices Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Hospitals

    • Medical Research Centers

Neuroendoscopy Devices Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • Japan

        • China

    • Latin America

        • Mexico

        • Brazil

    • MEA

        • South Africa

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

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Milking Robots Market Business Strategies, Growth Rate And Forecast Report till 2025

June 28, 2021: Global Milking Robots Market size is expected to reach USD 2.61 billion by 2025. A milking robot is a type of rural robot which performs milking of dairy cows without human work. The milk production industry has seen an increase in herd size and demand for milk in the past few years. Automation and robotics technology has increased the production capacities and operational efficiencies of milk producers. Milking robots market is expected to register a CAGR of 11.8% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The primary applications of milking robot systems include cleaning teats, collecting & routing animals and milking operations. The implementation of milking robots in dairy industry requires high initial investments, skilled & knowledgeable farmers and efficient management tools for the uninterrupted & effective use of technologies. In the market, various types of milking robot are available such as single-stall unit, multi-stall unit, rotary system, and others. These systems are designed as per requirements of dairy farmers. The “multi-stall unit” is expected to hold the highest market share in the upcoming years due to the increasing herd size in dairy industries. Moreover, the “rotary system” is anticipated to witness a significant growth rate in the upcoming period. The “single-stall unit” is held the largest market share in 2016.

Herd size refers to the total number of animals in a dairy farm. The market is classified by herd size such as up to 100 animals, between 100-1000 animals, and above 1000 animals. The adoption of milking robot’s system is dependent on the number of animals in dairy farms. The “between 100-1000 animals” and “above 1000 animals” segments are anticipated to grow at a high CAGR during the forecast period due to benefits such as increased efficiency and performance provided by systems used for this herd size.

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The factors that play an important role in the growth of milking robot market include increasing demand, growing population, increasing urbanization & industrialization, growing number of dairy farms across the globe, increasing milk yield, growing demand for milk & milk products, need for automation, high labor cost, technological advancement and growing dairy industry. Moreover, significantly rising herd size and introduction of advanced & innovative automation technologies are driving the growth of market in the upcoming period.

In addition, increasing adoption of automation in the dairy industry and increasing labor costs are anticipated to boost the growth of market during the forecast period. However, high initial investment and the other high pricing are negatively impacting the growth of milking robots industry. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is categorized based on type of robot system, herd size, components and geography.

Asia Pacific is expected to hold the largest market share in the next couple of years due to the increasing demand for milk products & milk and growing herd sizes in developing countries such as India and China. Additionally, increasing adoption of various automatic milking systems, technological advancements, growing dairy farms and increasing awareness among farmers regarding various latest automatic milking technologies are the factors driving the growth of market in this region.

The key players contributing to the robust development of the milking robots market include DeLavalInc., GEA Group AG, BouMatic, Lely Holding S.A.R.L., Fullwood Ltd., Fullwood Ltd., SCR Dairy Inc., BouMatic LLC, Afimilk Ltd., Hokofarm Group B.V., S.A. Christensen & Co., DairyMaster Ltd. and Livestock Improvement Corporation Ltd. These market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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Market Segment:

Milking Robotics Type of Robot System Outlook (Revenue, USD Million, 2014 - 2025)

    • Single-Stall Unit

    • Multi-Stall Unit

    • Rotary System

Milking Robotics Herd Size Outlook (Revenue, USD Million, 2014 - 2025)

    • Up to 100

    • Between 100-1,000

    • Above 1,000

Milking Robotics Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • France

        • U.K.

    • Asia Pacific

        • China

        • India

        • Japan

    • Rest of the World

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