Market Analysis

  According to the Market Statsville Group (MSG), the  global  intelligent vending machine market  size is expected to grow from  USD 19,322 million in 2021  to  USD 58,441.4 million by 2030 , at a  CAGR of 10.1 %  during the forecast period (2022-2030) .  Increasing demand for UI-based transactions is driving the global intelligent vending machine market. Moreover, an increase in the use of contactless transactions increased dependency on ATM cards and mobile banking, and rapid digitization in payment procedures, are some factors augmenting the global market growth. This technique is primarily being used in industrialized countries. The intelligent vending machine business is still in its nascent stage worldwide, with a major proportion in developed nations. Moreover, the technological development and changes in consumer purchasing patterns with increasing preference for self-operations are projected to pave the path for significan...

  According to the Market Statsville Group (MSG), the  global  fuel cell surge tank market  is estimated to grow at  a CAGR of 3.5 %  from 2022 to 2030 .  Fuel Cell Surge Tank (FCST) is a drop-in fuel pump system for fuel cells (or any cell) that utilizes the industry-standard 6x10 24-bolt fill plate bolt pattern. It is designed to safeguard electronic fuel injection (EFI) vehicles that witness fuel starvation. It consists of a dual-chamber fuel tank inside the fuel cell, with a single lift pump, and has up to three surge tank pumps. It has all of the advantages of a standard external fuel surge tank; however, without the safety concerns or plumbing hassles. COVID - 19 Impact on the Global Fuel Cell Surge Tank Market COVID-19 has had a negative impact on the market’s growth. In order to manage the spread of COVID-19 government-imposed lockdowns resulted in the halted manufacturing process and disrupted supply chains. This led to a lack of availability ...

   The  global  industrial motors market  size is expected to grow at  USD 89.9 billion  from  USD 54.8 billion in 2020 , at a CAGR of 8.2% from 2021 to 2027. An industrial electric motor is an electromechanical machine found in major industrial products around the world. Industrial electric motors translate electrical energy into mechanical energy used in conveyors, pumps, fans, and other industrial machinery. Increased capital investment in developing countries is estimated to allow vendors to invest further in the expansion and upgradation of manufacturing plants. Also, the trend toward green economies is encouraging the industrial sector to adopt energy-efficient motors so that the demand will grow, particularly in the IE3 and IE4 motor markets. Also, increased growth in mining activities and production of mined materials in China, India, and other developing countries is projected to boost motor production. Motor sales in the APAC region are ...

  The  global  medical plastics market  is expected to grow from  USD 29 . 2 billion in 2021  to  USD 45 . 0 billion by 2027 , at a CAGR of 7 . 5 %  from 2021 to 2027 .  The demand is likely to register growth because of advanced plastics and plastic composites used in medical components such as catheters, surgical instrument handles, and syringes. The market for medical plastics is expected to register growth due to the high adoption of plastics for implants due to chemical inertness and superior fatigue resistance. The demand for medical device packaging is likely to be driven by the rise in the demand for in-house and advanced medical devices. Medical plastics are widely used in various applications, including medical devices and equipment and medical packaging. Medical polymers have replaced traditional metals, ceramics, and glass because of their high thermal, chemical, mechanical strength, stability, and flexibility at high temperatures...

  The Market Statsville Group  ( MSG )  publishes the new report on the  " Tube Packaging Market  by Types of Packaging  ( Squeeze, Twist, Stick, Cartridges, and Other Types of Packaging ) , by Material  ( Plastic, Paper, and Aluminum, and Other Materials ) , by End - User  ( Cosmetics and Toiletries, Healthcare and Pharmaceutical, Food, Adhesive, and Other End - user Industries ) , by Region  –  Global Share and Forecast to 2030 " .  The global tube packaging market size is expected to grow from USD 12 . 7 billion in 2021 to USD 20 . 7 billion by 2030, at a CAGR of 6 . 3 %  during the forecast period .  The increasing demand for practical and user - friendly dispensing solutions and products from consumers is prompting companies to adopt innovative and attractive packaging solutions .  Owing to portability, convenience, and ease of use to hold and dispense liquid or pasty products, as well as excellent barrier p...

  Description The  global  power tools market  size is expected to grow from  USD 34.9 billion in 2020  to  USD 48.6 billion by 2027 , at a CAGR of 4.8% from 2021 to 2027. Power tools are mechanical devices that work on different power sources, such as the battery, compressed air, or electricity. Other power tools include hydraulic presses, handheld machine drills, and gas tools, which are utilized for diverse applications, including assembly, production, and maintenance operations. Factors such as growth in industrialization, an upsurge in housing spending, and a rise in urbanization are expected to cater to the development of the global power tools market. In addition, there has been an increase in demand for power tools in do-it-yourself (DIY) techniques amongst household users. The acceptance of DIY methods has led to market growth due to augmented demand for battery-operated power tools, modifications in consumer lifestyle, and an increase in the ...

  According to the Market Statsville Group (MSG), the  global  wearable airbag market  size is expected to grow at a  CAGR of 8.1%  from 2022 to 2030. Wearable airbags are typically made of nylon, in which, either nitrogen or argon gases are used to inflate the bag. The airbags are equipped with advanced technology which pre-determines the fall and inflates the bag to provide cushion and safety to the user. There are several factors expected to support the market growth globally, such as the supportive government initiatives coupled with the high competition in the automotive industry. Moreover, the introduction of smart airbags, and integration of smart sensors and AI, are expected to further accelerate the market’s growth in forthcoming years at the global level. COVID - 19 Impact on the Global Wearable Air Bag Market The demand for wearable airbags declined drastically in COVID-19 due to the global lockdown, and all sports activities were postponed....

  Description According to the Market Statsville Group (MSG), the  global  lithium polysilicate market   is estimated to grow at a  CAGR of 4.2 %  from 2022 to 2030 .  Lithium Polysilicate is a kind of inorganic binder useful in coatings, surface modification, and polymer reinforcement, among others. The application of lithium polysilicate includes marine/industrial, high-performance zinc coatings, and others, where high pigment loading, water, and wear resistance are required. It is used to enhance the concrete’s strength, longevity, and durability by pouring it on concrete surfaces. Hence, the growing demand from the construction industries will pave the way for the market’s growth. For instance, China planned to spend USD 13 trillion on construction buildings by 2030, which is expected to contribute to the market’s growth in forthcoming years. Factors such as the emerging marine industry, and growing use in the industrial sector, such factors will p...