Global Robotics Market Expected to Reach a Volume of 26 Million Units by 2024
According to the latest report by IMARC Group, titled “Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global robotics market reached a volume of nearly 10 Million Units in 2018, growing at a CAGR of 21.8% during 2011-2018. Robotics is a field of engineering that studies the manufacturing, operation, handling, design and conception of robots. A robot is a machine which can automatically perform a set of complex activities. It can either be embedded with the control system or can be guided by an external control device. Additionally, robots provide improved productivity and efficiency as they are more consistent and precise as compared to human beings. Earlier, they were majorly used in the assembly lines of the automotive industry, whereas now they are utilised for performing different tasks ranging from cleaning nuclear waste and mowing lawns to exploring outer space and performing surgeries.
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Over the years, there has been a rise in the technological advancements as well as the number of investments made in the field of robotics which is proliferating the growth of the robotics market. In addition to this, nowadays, robots have an improved sensory perception due to enhanced force sensors, fast processors and better vision. This has led to a shift towards automation in various industries for the purpose of reducing costs and increasing productivity which has augmented the demand for robotics across the globe. Other factors which are positively influencing the growth of the market include improvements in the integration of robotic system, reduction in the time taken to perform an activity along with an increase in the preferences of virtual commissioning methods. However, higher cost of mobile robots is one of the factors which is impeding the growth of the global robotics market. Looking forward, the market volume is projected to reach 26 Million Units by 2024.
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Market Summary:
- The global robotics market has been segmented on the basis of type which mainly includes industrial robotics and service robotics. Amongst these, service robotics represent the most popular type of robotics owing to their ability to perform a series of programmed tasks in the production and manufacturing settings.
- On a geographical front, North America currently dominates the market with the majority of the market share. The growth is stimulated by an increase in research and development activities and a rapid rise in the adoption of new technologies across the region. North America is followed by Europe, Asia Pacific and Latin America.
- The competitive landscape of the market has also been examined with some of the key players being ABB Group, KUKA AG, FANUC Corporation and Yaskawa Electric Corporation.
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Lyocell Fiber Market by 2024 - Analyzed by Type, End-user and Geography – IMARCGroup.com
In the past few years, the global lyocell fiber market has witnessed a healthy growth. This can be accredited to the advantageous properties offered by lyocell fiber such as high strength, durability, resistance to wrinkles, dry and wet tenacity, and environment-friendly nature.
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A new research report by IMARC Group, entitled “Lyocell Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global lyocell fiber market was worth around US$ 891 Million in 2017. Lyocell is a type of man-made fiber derived from the cellulose of bleached wood pulp. Popularly known as the third-generation cellulose fiber, lyocell was first developed in 1972 by the process of dry jet-wet spinning. Lyocell fibers are strong but soft, highly absorbent, wrinkle-resistant and capable of replicating an array of textures like leather, suede and silk. Owing to these properties, lyocell fibers are utilized for manufacturing a wide range of products such as clothes, bedsheets, carpets, curtains, sportswear, surgical equipment, medical gloves, etc.
Global Lyocell Fiber Market Drivers:
Nowadays, lyocell fibers are being preferred over other type of fibers, such as cotton and rayon, on account of their tenacity and absorption efficiency. Owing to this, they are widely used in the apparel and home textile industries. Apart from this, the usage of lyocell fiber has gained popularity among the manufacturers due to an increasing demand for eco-friendly and biodegradable cellulose fibers. The fabrics made from lyocell can be easily disposed by landfilling, sewage digestion or incineration after usage. Further, unlike synthetic fibers which require toxic solvents, the production of lyocell fibers includes non-toxic solvents such as amine oxide. Additionally, as lyocell fibers are free from any toxic compounds, they are preferred for the production of medical-grade non-woven products. These fibers are also suitable for sanitizing wipes and overnight bleaching in the food service sector. Owing to the aforementioned factors, the market is further expected to reach a value of about US$ 1,250 Million by 2023, exhibiting a CAGR of nearly 6% during 2018-2023.
Global Lyocell Fiber Market Summary:
- The market has been bifurcated on the basis of product type into staple fiber and cross-linked fiber. Amongst these, staple fibers are majorly preferred owing to their longer average fiber length which are easier to process and produce even yarns.
- Based on application, apparel accounts for the majority of the total market share, representing the largest segment. This can be attributed to the softness, wet strength and high absorbent properties of lyocell fiber. Apart from apparel, other major applications include home textiles, medical and hygiene, and automotive filters.
- On the basis of geography, the market has been segregated as Europe, Asia Pacific, Latin America, North America, and Middle East and Africa. Currently, Asia Pacific represents the leading market due to flourishing textile industry and improving standards of living.
The competitive landscape of the market has also been analysed with some of the key players being Aditya Birla Group, Baoding Swan Fiber Co. Ltd., Lenzing AG, Acegreen Eco-Material Technology Co., Ltd., Nien Foun Fiber, Acelon Chemicals & Fiber Corporation, Chonbang Co., Ltd., Weiqiao Textile Company Limited, China Populus Textile Ltd., Great Duksan, Zhejiang Yaojiang Industrial Group, Qingdao Textiles Group Fiber Technology Co., Ltd., and Smartfiber AG.
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Weight Management Market Research Report, Market Share, Size, Trends, Forecast and Analysis of Key players 2024
According to the latest report by IMARC Group, titled “Weight Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global weight management market size reached US$ 189.8 Billion in 2018. Weight management refers to a set of practices that enable an individual to lose unwanted weight by adopting a healthy diet and increasing physical activity. The purpose of weight management is to help people attain good health and foster a better lifestyle as well as prevent and treat diseases associated with obesity or other eating disorders. With the rising obesity rates, people nowadays are consulting nutritionists and health care professionals to learn the skills necessary for weight management.
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Global Weight Management Market Trends:
In recent years, unhealthy lifestyles and increasing consumption of fast food have led to higher obesity rates. Since being overweight or obese increases the risk of health-related issues, including type 2 diabetes, heart disease, stroke, fatty liver and kidney disease, individuals are adopting nutritious diets and workout programs to stay fit and healthy. Along with this, various government and non-profit health organizations are promoting weight management programs, which offer education about healthful eating as well as modifying the person's food intake. These programs also provide information to individuals about the scientific foundation of nutrition that enables them to make informed decisions about food, cooking methods and estimating portion sizes. Besides this, the advancements made in the healthcare industry have led to the development of various surgical procedures, such as gastric bypass, sleeve gastrectomy, adjustable gastric band and biliopancreatic diversion, which aid in losing weight. Moreover, market players are launching new dietary supplements containing ingredients that help in improving metabolism. As a result of these factors, the market value is projected to reach US$ 269.2 Billion by 2024, registering a CAGR of around 6% during 2019-2024.
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Market Summary:
Based on the diet, the market has been segmented into beverages, meals and supplements. Beverages currently represent the most popular segment, holding the largest market share.
On the basis of the equipment, the market is dominated by fitness equipment, including strength training, cardiovascular training and other equipment. It is followed by surgical equipment, which comprises minimally invasive/bariatric and non-invasive surgical equipment.
The market has been categorized based on the services into fitness centers, slimming centers, consultation services and online weight loss services. Amongst these, online weight loss services account for the majority of the market share.
Region-wise, North America exhibits a clear dominance in the market. Other major regions include Europe, Asia Pacific, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being Herbalife International, Inc., NutriSystem, Inc., Weight Watchers International, Inc., eDiets.com, Brunswick Corporation, Ethicon Endo-surgery, Inc., Golds Gym International, Inc., Amer Sports, Technogym SPA, Jenny Craig Inc., Medtronic Inc., Kellogg Company, Atkins Nutritionals Inc., Apollo Endosurgery Inc., Cyber International, Inc., Johnson & Johnson, etc.
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Global Enhanced Oil Recovery Market Expected to Grow at 11% During 2019-2024
As per the latest report by IMARC Group, titled “Enhanced Oil Recovery (EOR) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global enhanced oil recovery (EOR) market size is increasing at a steady rate. The process of oil production is generally divided into primary, secondary and tertiary phases. The primary oil recovery phase is limited to hydrocarbons that naturally rise to the surface; the secondary recovery phase employs water and gas injection, displacing the oil and pushing it to the surface; and the tertiary phase works by increasing the pressure and minimizing the viscosity of the oil. The tertiary recovery phase, also known as enhanced oil recovery (EOR), is currently gaining traction across the globe as it aids in increasing the amount of oil that can be recovered from a reservoir.
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Global Enhanced Oil Recovery (EOR) Market Trends:
Presently, most of the global oil production comes from mature fields. However, the rising demand for oil recovery, particularly from the aging resources, acts as a major concern for oil companies and government authorities. This, in turn, is impelling the growth of the enhanced oil recovery (EOR) market. Apart from this, several prominent oil production organizations are investing in research and development (R&D) activities and setting-up collaborative research projects to introduce innovative products with advanced features. Some of the other growth inducing factors include rapid urbanization, rising global population, increasing demand for and declining worldwide resources of crude oil. Looking forward, the market is projected to grow at a CAGR of around 11% during 2019-2024.
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Market Summary:
- Based on the technology, the market has been classified into thermal-, gas-, chemical- and other types of enhanced oil recovery. At present, thermal-enhanced oil recovery technology accounts for the majority of the total market share.
- On the basis of the application, the market has been bifurcated into onshore and offshore. Currently, the onshore segment exhibits a clear dominance in the market.
- Region-wise, North America represents the largest market for enhanced oil recovery. Other major markets include Europe, Asia Pacific, Latin America, and Middle East and Africa.
- The competitive landscape of the market has also been examined with some of the key players being BASF SE, Halliburton Corporation, Royal Dutch Shell plc, Schlumberger Ltd., Chevron Phillips Chemical Corporation, FMC Technologies Inc., National Aluminium Company Limited (NALCO), Praxair, Inc., SECURE Energy Services Inc., Xytel Corporation, Equinor ASA, BP plc, China Petroleum & Chemical Corporation (Sinopec), Oil and Natural Gas Corporation Ltd. (ONGC), ExxonMobil Corporation, ConocoPhillips, Petroleo Brasileiro (Petrobas) S.A. and PJSC Lukoil Oil Company.
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North America Cold Chain Market Development, Trends, Demand and Forecast Till 2024
The latest report by IMARC Group, titled “North America Cold Chain Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the North America cold chain market size reached US$ 81.2 Billion in 2018. Cold chain refers to a system of storing and transporting products at a constant temperature from the time of manufacturing until they reach the end users. A well-designed cold chain system enables the movement of temperature-sensitive products in a way that reduces waste, prevents contamination, and maintains their quality and integrity. Due to this, cold chain logistics are crucial for the growth of trade as well as the easy availability of perishable commodities, including food products and health supplies, in a region.
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North America Cold Chain Market Trends:
A rise in the sales of pharmaceutical drugs is the primary factor bolstering the growth of the cold chain industry in the region. To ensure the efficacy of healthcare products, such as vaccines, biopharmaceuticals and clinical trial materials, manufacturers and logistics providers are required to utilize cold chain facilities. Along with this, perishables like fresh fruits, vegetables, dairy products, meat and poultry also require cold chain facility to help increase their shelf life. Apart from this, due to the flourishing e-commerce and online food delivery industries in the region, there has been a rise in the demand for cold storage and transportation. Moreover, many leading companies are providing the latest cold chain technologies to expand their market operations. For instance, Americold offers the most comprehensive temperature-controlled storage and distribution network, supported by advanced radio frequency identification (RFID) technology. Moreover, several companies in North America have recently incorporated internet of things (IoT) technology in the cold chain as it helps them to connect seamlessly at every step of the process and offer a host of cost benefits. As a result of these factors, the market value is projected to reach US$ 142.6 Billion by 2024, exhibiting a CAGR of 9.7% during 2019-2024.
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Market Summary:
Based on the service type, the market has been segregated into refrigerated storage and refrigerated transport. At present, refrigerated storage accounts for the largest share.
On the basis of the transportation, airways currently dominate the market, accounting for the majority of the market share. The other major segments are roadways, seaways and railways.
The market has been categorized based on the temperature into chilled and frozen segments. The chilled segment exhibits a clear dominance in the market.
On the basis of the end user, meat and seafood represent the leading segment. Other major segments include fruits and vegetables, bakery and confectionery, dairy and frozen products, pharmaceuticals and others.
Region-wise, the United States enjoys the leading position in the North America cold chain market, followed by Canada.
The competitive landscape of the market has also been examined with some of the key players being Americold Logistics, Lineage Logistics, United States Cold Storage, Inc., VersaCold Logistics Services and AGRO Merchants Group.
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European Frozen Seafood Market Research Report, Share, Size, Trends, Forecast and Analysis of Key players 2024
According to the latest report by IMARC Group, titled “European Frozen Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the European frozen seafood market reached a value of US$ 21.4 Billion in 2018, growing at a CAGR of 3.7% during 2011-2018. The European continent is intricately linked with the sea and seafood products form a quintessential part of the regional cuisine. These products serve as a rich source of proteins, micronutrients and essential fatty acids, and are low in fat. They are known to promote heart health, ease the symptoms of arthritis, maintain healthy eyesight, and preserve skin moisture, along with offering innumerable other health benefits. As these products are highly perishable, they require freezing for extending their shelf-life. The freezing process employs advanced techniques like cryofreezing to freeze the products below 200? C. This helps in sealing the flavor and nutrients in the food products for an extended period.
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Market Trends:
Owing to busy schedules and hectic lifestyle, the demand for convenience foods has experienced an increase across the European continent. This represents the key factor driving the market of frozen seafood in the region. Rich in proteins and essential nutrients, frozen seafood serve as the best alternative to red meat for meeting the daily protein requirements. It is, therefore, gaining rapid popularity among the health-conscious consumers who are seeking healthy sources of protein amidst a hectic schedule. Besides this, their non-perishable nature coupled with the presence of several cold storage services across the region aid in the continual growth of the market. Additionally, a thriving aquaculture industry also contributes to the market growth. Owing to the aforementioned factors, the European frozen seafood market size is expected to reach US$ 25.7 Billion by 2024, expanding at a CAGR of 3.1% during 2019-2024.
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Market Summary:
- Based on the product type, Groundfish represents the most popular segment. Other major product types include Small Pelagics; Tuna and Tuna like Species; Salmonids; Bivalves and Other Molluscs, and Aquatic Invertebrates; Crustaceans; Other Marine Fish; Cephalapods; Freshwater Fish; and Others.
- On the basis of distribution channels, discount retailers hold the dominant market share as they offer frozen seafood products at a lower price. They are followed by supermarkets and hypermarkets, specialty stores and others.
- On the geographical front, the market has been segmented as Germany, France, Italy, Spain, the United Kingdom and Others. Amongst these, Spain accounts for the majority of the total market share.
- The competitive landscape of the market has also been analyzed in the report with the detailed profiles of the key players operating in the market.
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