Electronic Weighing Scales Market is expected to witness a growth of 4.8% CAGR during the forecast period from 2018 to 2026.

According to a new market report published by Credence Research, Inc., “Global Electronic Weighing Scales Market (By Product Type (Crane Scales, Pallet Truck Scales, Platform Scales, Precision Scales, Table Top Scales, Others), By End-use Vertical (Healthcare, Industrial, Jewellery, Laboratory, Retail, Vet/Animal, Others)) – Growth, Future Prospects and Competitive Landscape, 2018 – 2026”, the global electronic weighing scales market is expected to witness a growth of 4.8% CAGR during the forecast period from 2018 to 2026.

Product Insights

The global electronic weighing scales market projected to demonstrate a significant growth, expanding at a CAGR of 4.8% during the forecast period from 2018 to 2026. Electronic weighing scales are measuring instruments used for determining the weight or mass of an object. These scales are used in wide-ranging industrial as well commercial products and applications. Weighing is fundamental to every business, when checking goods in quantifying products for sale or monitoring processes, weight is a vital tool in maintaining quality, controlling costs, and assessing efficiency. Rising need for determining the precise weight of an object is driving the growth prospects of electronic weighing scales market worldwide. The electronic weighing scales are useful for different purposes from measuring ingredients in the kitchen to the precise measurement of substances in a laboratory. Growing dependence on the electronic weighing scales in various application areas supermarkets, kitchens, hospitals, pharmacies, laboratories, etc. is growing at a substantial rate, which, in turn projected to facilitate the market growth throughout the forecast period from 2018 to 2026.

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Based on the product type, the global electronic weighing scales market was led by table top scales in 2017. Table top scales are light, rugged and compact electronic weighing scales. These scales are mainly used in pharmacies, laboratories, cafes, kitchens, and retail applications. Further, based on end-use vertical, industrial sector dominated the electronic weighing scales market and garnered the largest revenue in 2017. The electronic weighing scales have become a fixture in daily use within the industrial environment.  Based on geography, Asia Pacific held the largest market share for electronic weighing scales market in 2017. The presence of prominent players such as Contech Instruments Limited, A&D Company Limited, The Essae Group, Tanita Corporation, etc. are providing varied business opportunities in the region.

Competitive Insights:

Major players in the electronic weighing scales market include Adam Equipment Co. Ltd., Avery Weigh Tronix Ltd., A&D Company Limited, Aczet Pvt. Ltd., Atrax Group NZ, Arlyn Scales, Cardinal Scale Manufacturing Company, Contech Instruments Ltd., D Brash & Sons Ltd., Doran Scales, Inc., Fairbanks Scales, KERN & SOHN GmbH, Mettler-Toledo, LLC, Rice Lake Weighing Systems, Tanita Corporation, The Essae Group, and Weightron Bilanciai among others.

The electronic weighing scales market is fragmented owing to the presence of regional as well as international players. The players are focusing on implementing new innovation strategies and are strengthening their product portfolio to reach potential customers in the emerging markets. New product development and product innovation are amongst the key strategies adopted by the players operating in the market.

For instance, in August 2017, Adam Equipment, one of the leading manufacturer of balances and scales, introduced a NRCS approved PT platform scales. The platform scales are capable of providing a durable weighing  solution for several applications in the industrial settings, such as warehouses, shipyards, receiving and shipping docks, distribution centers and recycling facilities.

Hybrid (2 in 1) Laptops Market is xpected to grow at a CAGR of 6.4% from 2018 to 2026.

According to the latest report published by Credence Research, Inc. “Global Hybrid (2 in 1) Laptops Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global hybrid (2 in 1) laptops market was valued at US$ 8,882.7 Mn in 2017, expected to grow at a CAGR of 6.4% from 2018 to 2026.

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Market Insights

Rising demand for convenience and mobility among the working population is one of the key factors augmenting market growth of hybrid (2 in 1) laptops at the global level. They are also known as convertible laptops, where the screen of the laptop can be detached from the entire unit to take the form of a tablet, while possessing features and functionality similar to that of a normal laptop. These devices are designed to cater consumers demanding flexibility in devices used for work purposes. While tablets are good choice for entertainment purposes, they are inappropriate for work purpose due to factors such as low-end processors, and less storage capacity, among others. Hybrid (2 in 1) laptops are designed to perform the tasks as a tablet and as a laptop while boasting higher processor speeds, and better storage capacities, and offering similar flexibility to that of a tablet. Owing to these factors, consumers are increasingly adopting such laptops as a suitable replacement to tablets, which is a key factor fuelling market growth.

Aggressive research & development activities leading to frequent product developments is one of the key factors fuelling the demand for hybrid (2 in 1) laptops. High demand for mobility and flexibility among the working populace has led the manufacturers to bring out hybrid laptops with various screen sizes for its consumers. Further, several educational institutions provide laptops for their students to serve their graduation period due to which the manufacturers have introduced hybrid laptops dedicated for educational institutions designed for rough usage. However, high cost of such laptops is one of the major factors responsible for market slowdown. Due to the high price of such laptops, price sensitive consumers refrain from buying these devices and usually settles for a conventional laptop, the price of which are lower compared to a hybrid laptop.

The market for hybrid (2 in 1) laptops has been segmented based on screen size, distribution channel, age group and region. Based on screen size, the 13.3 inches/13.5 inches segment accounted for the major market share in 2017, followed by the 12 inches/12.5 inches segment. These laptops are highly preferred by the working population due to their high performance combined with lightweight that allows the consumers to carry them around without much efforts. Based on distribution channel, the electronic stores segment accounted for the majority share in 2017, followed by the online channel segment. Growing inclination towards online purchases is one of the key factors fuelling the demand for hybrid laptops through the online segment. Based on age group, the 25-45 years segment accounted for the highest market share in 2017. This segment comprises the working population who prefer lightweight devices with greater flexibility and would not mind paying a higher price for such a product.

North America dominated the global hybrid (2 in 1) laptops market in 2017, followed by Europe. Higher purchasing power of consumers in these regions is one of the key factors responsible for the high demand for hybrid laptops. Further, rising trend of BYOD (Bring Your Own Device) is another key factor complementing the growth of the hybrid (2 in 1) laptops market in North America and Europe. Asia Pacific expected to be the fastest growing market led by China, Japan and India. Rising demand for premium products among the working population backed by improving purchasing power of the millenials are some of the factors boosting the growth of the hybrid (2 in 1) laptops market in Asia Pacific.

Key players operating in the field of hybrid (2 in 1) laptops include The Hewlett-Packard Company, Dell, Lenovo Group Ltd., AsusTek Computer Inc., Acer Inc., Toshiba Corporation, Microsoft Corporation, Samsung, Japan Industrial Partners Inc. (Vaio), and AWOW, and various others.

Point of Purchase (POP) Displays Market is expand at a CAGR of 5.9% during the forecast period from 2018 to 2026.

According to a new market research report published by Credence Research, “Point of Purchase (POP) Displays Market (by Product Type (Countertop Displays, Floor Displays, Pallet Displays, Sidekick Displays, End Cap Displays, and Others (Spinner Displays, Retail Signage, etc.)), by Style (Temporary POP Displays and Permanent POP Displays), by Material (Corrugated Board, Plastic, Metal, Wood, Glass, Others (Foam Boards, etc.)), by End-use (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Electronics, Automotive, Home Furnishings, and Others (Sports & Recreation, Wine & Spirits, etc.)), by Geography (North America, Europe, Asia Pacific, and Rest of the World)) – Growth, Future Prospects, and Competitive Landscape, 2018 -2026”, the global point of purchase displays market is expected to expand at a CAGR of 5.9% during the forecast period from 2018 to 2026.

Browse the full report at https://www.credenceresearch.com/sample-request/59342

Market Insights

In spite of predictions of online shopping spelling the demise of brick-and-mortar retailing, the physical store retailing is still going strong. According to a recent survey by TimeTrade, a Massachusetts-based software company, approximately 85% of all purchases worldwide still take place at the physical retail store rather online. Product interaction before the purchase remains the overriding factor driving sales through physical retail store. Point of Purchase displays are one of the major platforms that draw consumer’s attention and convey product benefits, thereby ensuring product interaction and influencing the pulse purchase. On the flip side, brick-and-mortar stores are under constant burden of charging low costs and hence are increasingly using POP displays as a sustainable merchandising solution. POP displays allow customers to try or interact with a product on their own, eliminating need for a sales executive and consequently limiting the overhead cost. In view of competitive environment in the retail industry, brands are investing huge amount on product marketing. Thus, adoption of aggressive product market strategies by brands is driving demand for POP displays globally. However, with advancements in technology and consumers becoming more accustomed to shopping online, demand for POP displays may witness a slowdown, especially during the second half of the forecast period.

Competitive Insights:

Some of the leading manufacturers profiled in the study include DS Smith Plc., Sonoco Products Company, Smurfit Kappa Group Plc, International Paper Company, Georgia-Pacific LLC., Pratt Industries Inc., WestRock Company, Felbro, Inc., Marketing Alliance Group, Bling Bling Packaging & Displays, TPH Global Solutions, FFR Merchandising Company, Creative Displays Now, and U.S. Corrugated, Inc. among others. In a bid to differentiate themselves from competition and aid brand owners in promoting their products more aggressively, POP display manufacturers are striving to improve aesthetics and are also introducing displays with innovative product designs. In addition, the intensifying competition in the retail industry and resulting use of POP displays for enticing customers to purchase have encouraged retailers to demand different custom-made displays capable of serving specific needs across different retail facilities. Customization offered in terms of aesthetics, capacity, and mobility will have huge impact on the company’s brand identification.

Automotive Wheel Rims Market is set to grow with a promising CAGR of 5.1% throughout the forecast period to reach US$ 62.7 Bn by 2026.

According to a new market research report published by Credence Research “Automotive Wheel Rims Market (Material Type – Carbon Fiber Wheel Rims, Steel Disc Wheel Rims and Alloy Wheel Rims; Rim Size – From 11” to 20”, From 21” to 25” and From 26” to 35”; Sales Channel – Original Equipment Manufacturers (OEMs) and Aftermarket; Vehicle Type – Two Wheelers, Cars, Heavy Vehicles, Buses and Others)  – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global automotive wheel rims market is set to grow with a promising CAGR of 5.1% throughout the forecast period to reach US$ 62.7 Bn by 2026.

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Market Insights

Rim is outer part of the wheel that holds the tire. It is a highly stressed component in vehicle that is subjected to torsional and bending loads. Wheels must be strong enough to convey the mass of the vehicle and withstand the forces that are generated amid operation. Overall automotive wheel rims market set to encounter the growth of 5.1% throughout the forecast period from 2018 to 2026, principally due to rapidly growing automotive production across the globe. The global automotive industry is in better shape than it was few years ago, especially in China, where growth remains strong. For instance, number of passenger cars sold in 2017: 79.02 Mn were much higher than average of less than 55 Mn units sold in the years from 2000 to 2014, and the prognosis for future growth is even better.

Automotive wheel rims market segmented based on material type, rim size, sales channel and vehicle type. By material type, overall market was led by alloy wheel rims in 2017, accounting for close to 50% of the total market value. Growing trend towards reduction in overall weight of vehicles, driving the growth for alloy wheel rims. Asia Pacific was the largest market for automotive wheel rims in 2017. Region represented over half of the overall market value generated around the world. Further, Asia Pacific also set to exhibit the highest growth throughout the forecast period, chiefly due to developing automotive industry across the region.

Further, carbon dioxide regulation is likely to remain tighten as effect of alarming percentage of polluting content in air. European countries, the US, China and Japan among others have sanctioned laws to lessen emissions. This will push Original Equipment Manufacturers (OEMs) to invest more in reducing overall weight of vehicles. Alloy wheel rims reduce the unstrung weight of the vehicle compared to standard steel wheels. Reduction of weight leads to more precise handling and minimizing the fuel consumption, thereby reducing the emission. With aforementioned benefits, alloy wheel rims valued for close to 50% of the overall market value generated across the world. Further, shift towards electrification of vehicles expected to provide stimulus to overall automobile production. With growing production of automobiles, automotive wheel rims expected to witness rapid growth throughout the forecast period.

Handheld Ultrasound Scanners Market is expanding at a CAGR of 17.0% from 2018 to 2026.

The latest market report published by Credence Research, Inc. “Handheld Ultrasound Scanners Market– Growth, Future Prospects, Competitive Analysis, 2018 – 2026,” the global handheld ultrasound scanners market was valued at US$ 62.2 Mn in 2017 expanding at a CAGR of 17.0% from 2018 to 2026.

Market Insights

The handheld ultrasound scanners market has flourished during the last decade as number of the major medical devices companies are coming up with portable and handheld ultrasound devices. The uptake of handheld ultrasound units are growing rapidly due to low market entry barriers as regulatory scenario of portable ultrasound is not defined in many regions, advances in consumer electronics have made handheld ultrasound inexpensive to design and manufacture. Portability, easy to use, inexpensive as compared to conventional ultrasound devices are the major advantages of handheld ultrasound scanners. Moreover, handheld ultrasound scanners are equipped with minimum wires, cloud sharing facility, advanced imaging quality and battery life making ultrasound more portable and less infrastructure dependent. Handheld ultrasound scanners are becoming increasingly popular among clinicians across the globe for point-of-care diagnosis. These devices are used for imaging internal organs, cardiovascular, and gynecology imaging.

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In terms of technology, 2D ultrasound scanners held the largest share in the global handheld scanners market owing to growing demand for efficient and better imaging quality, rapid introduction of handheld 2D ultrasound products my majority of the manufacturers and higher demand for these devices by physicians. Handheld 3D ultrasound scanners are comparatively less inexpensive as compared to conventional cart based ultrasound scanners and provide same image quality. This is the prime factor for the inclination of healthcare practitioners towards handheld 3D ultrasound scanners. Thus, 3D handheld ultrasound scanners are expected to grow at steady rate during the forecast period due to its high application in point-of-care diagnostics.

In terms of geography, North America held the largest share for handheld ultrasound scanners and expected to grow at a steady rate during the forecast period. Higher adoption of novel technology and approvals of number of handheld ultrasound scanners in the region will further drive the market during the forecast period. Growing number ambulatory care centers in the U.S. will generate demand for portable ultrasound devices. Europe exhibits high potential in global handheld ultrasound scanners market. Key factors assisting the market growth in this region include growing clinical applications of high intensity focused ultrasound, commercialization of number of portable ultrasound and growing minimally invasive practices. Asia Pacific is projected to grow at rapid rate in the global handheld ultrasound scanners market owing to growth of standalone clinics and diagnostics centers in the region. Lower prices, easy availability and less skilled required to operate these products will trigger market growth in price sensitive regions like Asia Pacific. The prominent players actively participating in the handheld ultrasound scanners market include GE Healthcare, Samsung Group, Siemens Healthineers, Philips Healthcare, Clarius Mobile Health, Fujifilm SonoSite, Inc., Healcerion Co., Ltd., Sonoscanner SARL, Meditech Equipment among others.

Key Market Movements:

  • Growing inclination towards handheld ultrasound scanners for point-of-care diagnostics
  • Lower capital investment required for handheld ultrasound scanners compared to conventional ultrasound devices
  • Growing number of diagnostics centers and ambulatory care centers globally to drive the market for handheld ultrasound scanners
  • Portability and cloud connectivity features of handheld ultrasound scanners will further drive the market

Boil-in Bags Market accounted for US$ 333.1 Mn in 2017, expanding at a CAGR of 6.3% from 2018 to 2026.

According to the latest report published by Credence Research, Inc. “Global Boil-in Bags Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global boil-in bags market accounted for US$ 333.1 Mn in 2017, expanding at a CAGR of 6.3% from 2018 to 2026.

Market Insights

The global boil-in bags accounted for US$ 333.1 Mn in 2017 growing with a CAGR of 6.3% during the forecast period from 2018 to 2026. Boil-in bags are basically defined as packaged food products in which the bagged food is basically heated in boiling water. These bags can be solid or resistant for holding frozen foods as well. These are also used for cooking owing to its flexibility, affordability and ease of use. In addition, materials in overall packaging structure plays an important part in food preservation thereby enhancing the cooking process.

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Manufacturers are focusing on enhancing the compatibility of boil-in bags to extend its application beyond boiling in water to microwave. Current designs of boil-in bags helps in both preservation and cooking of food. Special vacuum seals used in boil-in bags aims to retain moisture in food thereby preventing it from spoilage. Owing to such advantages of boil-in bags, these are rapidly gaining adoption in various retail outlets. Hence growing demand of multifunctional boil-in bags that is capable of boiling, freezing and microwaving is basically boosting the growth of this market during the forecast period from 2018 to 2026.Growing demand for convenience and ready to eat food is another factor bolstering the market growth. Trend shows that owing to busy lifestyles of consumers, they are shifting towards precooked food that requires minimum time which in turn is propelling the rapid adoption of boil-in bags which basically aims to cook or preserve food in minimum time. Manufacturers are also focusing on adopting innovative packaging designs for boil-in bags so that they appear attractive and help to preserve the taste, shelf life and texture of the food products. Growing adoption rate of boil-in bags in various food and beverages stores and restaurants is also expected to augment the demand for this market during the forecast period from 2018 to 2026.Increasing demand for high temperature boil-in bags in institutional platforms followed by growth in single household population are other factors boosting the demand for global boil-in bags market.

The global boil-in bags market has been segmented by material type, appearance, application and geography. In 2017, plastic segment dominated the global boil-in bags market by material type. Growing demand for polyethylene based boil-in bags is expected to propel the market demand. In terms of appearance, transparent boil-in bags led the global market and is expected to maintain its dominance during the forecast period from 2018 to 2026. Frozen foods dominated the global boil-in bags market by application in 2017.Growing consumption of ready to eat frozen items in hypermarkets and supermarkets is expected to spur the demand for this segment.  In terms of geography, North America is the most significant market and held the largest market value share in the global boil-in bags market. Busy lifestyles followed by increasing demand for plastic boil-in bags are primarily driving the boil-in bags market in this region.

Key players operating in the global boil-in bags market includes ProAmpac LLC, UltraSource LLC, Universal Plastic Bag Co., M & Q Packaging Ltd, Granitol A.S., US Poly Pack, Packit Gourmet, Synpac Limted, E. I. du Pont de Nemours and Company, Sealed Air and Dongguan Ever-Glory Plastics Package Limited among others.

Automotive Tires Market is set to register a CAGR of 3.7% through the forecast period from 2018 to 2026.

According to a new market research report published by Credence Research “Automotive Tires Market (Tire Type – Fuel Efficient, High Performance, All-terrain/Off-road, Run-flat and Trailer; Tire Size – 12-14”, 15-17”, 18-22: Above 22”; Design; Tire Assembly; Aspect Ratio; Season; Sales Channel; Vehicle Class) – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global automotive tires market value stood at US$ 155.29 Bn in 2017 and is set to register a CAGR of 3.7% through the forecast period from 2018 to 2026.

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Market Insights

The global automotive tires market is highly driven by the consistently increasing sales of passenger cars and commercial vehicles, especially in the Asia Pacific region. The total automotive vehicles production in Asia Pacific surpassed 50 Mn vehicles in 2017, while the regional sales stood in excess of 45 Mn vehicles. The market is also supported by strong demand for replacement tires, which in turn propels the aftermarket automotive tires segment. With growing inclination towards better driving experience, performance tires sales have witnessed remarkable growth over the period. The market witnesses a trend of producing more fuel efficient tires as an aid towards reducing CO2 emissions caused by automotive vehicles.

The automotive tires market is broadly segmented based on tire type, tire size, design, tire assembly, aspect ratio, season, sales channel and vehicle class. By design, radial ply tires segment lead the market due to high penetration in passenger cars. More than 85% of the total passenger cars worldwide are equipped with radial ply tires resulting in higher demand. Further, based on tire type, fuel efficient tires segment dominate the market, primarily due to huge volume of passenger cars as compared to other automotive vehicles.

Based on the geography, the market is led by Asia Pacific commanding China represents the largest automotive tires market worldwide, accounting for more than 1/3rd of the global demand. The automotive industry in Asia Pacific has exhibited impressive growth further supported by the development of production sector. With rising population, increasing discretionary incomes and growing standards of living, the purchasing capacity of people has increased thereby playing a crucial role in automotive industry growth.

Despite the presence of numerous regional as well as international companies, the automotive tires market is quite consolidated in nature. Michelin Group, Bridgestone Corporation, Goodyear Tire & Rubber Company and Continental AG are the major companies controlling more than 50% of the global market value. The market players face intense price wars majorly due to presence of regional players. In addition, significant number of Chinese tire manufacturers offering cheaper tires is another major factor impacting the profit margins of other companies. Thus, in order to sustain the competition, major companies emphasize on offering advanced tire technologies that provide enhanced safety and driving experience.

Other companies covered in the report include Sumitomo Rubber Industries, Ltd., Pirelli & C. S.p.A., Cooper Tire & Rubber Company, Yokohama Rubber Company, Qingdao Sentury Tire Co., Ltd., Hankook Tire Group, Hangzhou Zhongce Rubber Co., Ltd., China National Tire & Rubber Co., Ltd., Toyo Tire & Rubber Company, Apollo Tyres Ltd., CEAT Ltd., MRF Ltd. and JK Tyre & Industries Ltd. among others.

Lemonade Drinks Market is expanding at a CAGR of 6.3% from 2018 to 2026

According to the latest report published by Credence Research, Inc. “Global Lemonade Drinks Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global lemonade drinks market expanding at a CAGR of 6.3% from 2018 to 2026.

Market Insights

The global lemonade drinks market, expected to witness substantial growth rate of 6.3% from 2018 to 2026. Global market consolidated with major players such as PepsiCo, The Coca-Cola Company, Sunny Delight Beverages, Britvic, Tampico Beverages, Dr Pepper Snapple and The Kraft Heinz Company. Other prominent players present in the market are AriZona Beverages, Bisleri International, Hydro One Beverages, Newman’s Own, Old Orchard Brands, Parle Agro, Turkey Hill Dairy, PRAIRIE FARMS DAIRY and White Rock Beverages among others.

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Lemonade drinks are available in different types and combination. The most favored lemonade types found in the consumer market are squashed lemonade, natural lemon juice, lemon iced tea, lemon juice in combination with raspberry, strawberry, cranberry etc. The recent development in the lemonade segment has been targeted by the beer brewing industry in order to manufacture Radler, made of 50% beer and 50% lemon juice, and has achieved success to attract the female and grown-up population in North America region. The market leaders such as Coca-Cola company, PepsiCo, and Dr. Pepper Snapple Group, Inc. has tremendous influence in the global lemonade drinks market. The factors contributing to their market dominance are excellent product marketing, well-established sales channel and growing online retail segment. According to Information Resource, Inc. (IRI) 2016 report Simply Lemonade, a Coca-Cola brand dominated the lemonade market in the United States. PepsiCo had launched two lemonade products in 2017 such as IZZE Fusion lemon lime and Lemon Lemon to cater to the changing consumer demand for healthy beverages.

There is a burgeoning consumer demand for natural beverages made from natural fruits having healthy and functional properties. Consumers are looking forward towards lower calorie intake and opting for natural drinks over carbonated drinks. This factor is influencing the manufacturers for new product development with scope of sugar reduction in the products. For instance, PepsiCo witnessed dip in carbonated beverage sales in 2017, as consumer preference are tilting towards healthier beverages. To tackle this situation the company introduced two beverage brands in the market. The brands marketed as ‘next-generation beverages’ having lower calorie, less sugar and no artificial sweeting agents as compared to other carbonized drinks of PepsiCo. Beverage companies are spending on innovation, research and development to offer healthier products with wide range to the consumers. PepsiCo’s investment in R&D has increased 45% since 2011, which paid off with the increase in revenue generation for Frito Lay and beverage portfolio in 2017. Coca Cola launched Minute Maid Sparkling to its product portfolio, positioned separately to cater the demands of consumers inclined towards healthy beverages. Hence, growing demand for healthier drinks has resulted in the market entry of number of products, consequently driving the global lemonade market. However, increasing prices of lemonade drinks and soda beverages is likely to hamper market growth in upcoming years.

Active Pharmaceutical Ingredient Market is expected to reach US$ 273.5 Mn by 2026 at a CAGR of 6.7 % during the forecast period from 2018 to 2026.

The latest market report published by Credence Research, Inc. “Active Pharmaceutical Ingredient Market: Growth, Future Prospects, and Competitive Analysis, 2018 – 2026” the active pharmaceutical ingredient market was valued at US$ 152.6 Bn in 2017 and expected to reach US$ 273.5 Mn by 2026 at a CAGR of 6.7 % during the forecast period from 2018 to 2026.

Market Insights

The global active pharmaceutical ingredient (API) market shows fruitful growth during the forecast period from 2018 to 2026. The API is the active part of any drug that delivers its reaction. Many times a drug may contain few APIs and the reaction to a specific medication will rely upon the prescription of the dosage pattern, which changes from individual to individual. For instance, combination therapeutic treatments have various dynamic active ingredients to treat different side effects. TEVA Pharmaceuticals is one of the leading manufacturers of APIs in the global market having a vast portfolio of API products of around 300 APIs. Dr. Reddy’s is also a leading API maker using more than 60 APIs currently.

North America to contribute maximum revenue share in the global active pharmaceutical ingredient market attributed to rising chronic diseases, higher adoption of prescribed drugs, demand for specialty drugs & biologics, increasing awareness, and rise in R&D for new drug formulations and development. In the current scenario, manufacturers present in the U.S. and Europe region are expanding their manufacturing capacity for APIs in the developing nations such as in India and China to cut expenses. This has made noteworthy changes in how these drugs are regulated, with more specific guidelines and regulations. For example, presently AstraZeneca Plc produce only 15% of their APIs in the U.S. However, there are plans to end that small ratio and outsource all the manufacturing assembly in the Asia Pacific and Latin America market. Increase in healthcare spending is a global phenomenon, and this directly benefited the generics API market in recent years in the developing nations due to high demand and ease of access. However, the cost of enhancing process outline, higher cost of specialty API drugs, and stringent approvals regulations may act as a restraining factor to the overall development of the API market. Improvement of new inventive API’s and inorganic development through mergers and partnerships with smaller organizations additionally support the API market in the developing nations. Adoption of branded generic drugs & medications is growing exponentially in developing economies, for example, in India and China. In addition, rising utilization of specialty drugs expected to increase the pharmaceutical spending around the world.

Increase in demand for advanced therapeutics for treatment of alarming diseases, rising prevalence for chronic diseases and lifestyle diseases globally along with increasing purchasing power, beneficiary schemes for reimbursement are various factors fueling the demand for active pharmaceutical ingredient market in near future.

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Key Market Movements:

  • Globally, the active pharmaceutical ingredient market expected to exhibit a profitable growth with a CAGR of 6.7% for the period from 2018 to 2026
  • Based on the API type, the synthetic chemical segment shows lucrative growth with increasing applications in the therapeutic treatment procedures.
  • The development of the worldwide active pharmaceutical ingredient is mainly contributed the high demand for innovative therapeutics, a rise in FDA approvals, for new molecules and drugs, and expansion of the manufacturing capacity in the overseas market.
  • In addition, new technology assessment in API manufacturing along with the existence of top API manufacturers & sophisticated healthcare facilities in the developed nations is further going to spur revenue growth during the forecast period.
  • Eastern Europe, Latin America, and the Asia Pacific to show promising opportunities and shows growing CAGR during the forecast period owing to rising manufacturing capacity for active pharmaceutical ingredient and dosage pattern for various treatment. Surging population & along with ease in availability of drugs and medications, and increasing healthcare spending in Russia, Brazil, India, China, and Japan may contribute to the growth of the market during the forecast period.
  • Major players in this vertical are Teva Pharmaceutical Industries Ltd., Pfizer, Inc., Sanofi, Boehringer Ingelheim, Novartis International AG, Bristol-Myers Squibb, Eli Lilly and Company, GlaxoSmithKline plc, Merck & Co., Inc. and AbbVie Inc., Lonza Group and others.

Bulk Material Handling Equipment Market is estimated to grow with a CAGR of 4.5% during the forecast period from 2018 to 2026.

According to a new market research report published by Credence Research “Bulk Material Handling Equipment Market (by Equipment Type: Stacker, Reclaimer, Stacker Reclaimer, Band Conveyor, Bucket Wheel Excavator, Stripping Shovel, Rope Shovel, Bucket Elevator, Ship Loader, and Bucket Crane; by End-user Industries: Mining, Construction, Industrial Manufacturing, Port & cargo Terminal, and Packaging) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the bulk material handling equipment market was valued US$ 38.29 Bn in 2017 and estimated to grow with a CAGR of 4.5% during the forecast period from 2018 to 2026.

The complete report is available at  https://www.credenceresearch.com/report/bulk-material-handling-equipment-market

Market Insights

Continuously growing population instigated the never-ending process of demand and supply system. Processes such as extraction of natural resources, construction of infrastructures, manufacturing, packaging and cargo transportations are no exception to the scenario. The growth in aforementioned sectors is considered as the most vital factor for the growth of bulk material handling equipment market. The equipment used under bulk material handling section evolved in great deal with respect to design, functionality, and efficiency helping several end-use industries and especially mining and construction industry. The equipment aided mining industry to uplift themselves from being the most inefficient industry. Similarly, rapidly expanding construction industry are also heavily dependent on such equipment. Consequently, growth construction and mining sectors encouraged the procurement of bulk material handling equipment and resulted in growth of the market. In addition, growing number of ports & cargo terminals and packaging industry are playing a major role in driving the industry to a notable market value.

At present Asia Pacific is at the top of the podium thanks to contribution extended by the developing economies including China and India. China represents as one of the most prominent states in world trade and is at the center of global mining map. Consequently, it represents itself and Asia Pacific as one of the lucrative markets in bulk material handling systems market. Other countries including India, Japan, and Australia extend their vital contribution to the market. The market in Asia Pacific projected to retain its dominance throughout the forecast period from 2018-2026. However, high cost of procurement and services are causing hindrances in the growth of bulk material handling equipment market.

Competitive Insights:

Competition in bulk material handling equipment is no less than clash of titans as the players in the industry are some of the biggest across the globe. The face players are confronting each other in this sluggish market to maintain their supremacy. Several strategies such as long terms contracts, partnerships, and acquisitions have been adopted by these companies besides expanding their geographical presence. Some of the most prominent players profiled in this research study include Komatsu, Metso Corporation, TRF Ltd., ThyssenKrupp AG, IHI Transport Machinery Co., Ltd, Hitachi Construction Machinery Co., L&H Industrial, Voith GmbH, Tenova S.p.A,, Techint Group, Kawasaki Heavy Industries, Ltd., and Sumitomo Heavy Industries Material Handling Systems Co., Ltd., among others.

Key Analysis Covered:

  • Most prominent practices observed in bulk material handling equipment market and growth opportunities for bulk material handling equipment manufacturers
  • Expanding cargo transportation and rapidly evolving packaging industry creating a positive environment for the growth of bulk material handling equipment market
  • Different type and availability equipment used for bulk material handling across several end-users and their market estimations
  • Largest and fastest growing segments in terms of equipment type and end-user
  • Lucrative geographical regions/ countries mapped for the bulk material handling equipment market