Catering Equipment Market Along With Covid-19 Impact Analysis and Business Opportunities Outlook 2026

Catering equipment is used to prepare, serve, and store food in hotels, restaurants, hospitals, cafes, and nursing homes. The global catering equipment market is expected to witness tremendous growth in the near future. Increasing number of hotels and restaurants, cafes and food joints, and hospitals and nursing homes are contributing to the growth of this market. Some of the catering equipment is also used to wash food items, utensils, and crockery.

The demand for catering equipment is driven by the overall improvement in an economy and the strong resilience of the hospitality sector. Key factors influencing the market include the increasing levels of consumer confidence and the very strong growth in the eating out sector. The market is expected to grow at a significant pace in the next few years due to product development with higher hygiene standards, the development of restaurant and hotel chains, and the demand for small and more sustainable products.

New product development is a major growth driver of demand for catering equipment. The current focus is directed toward the development of equipment and products that help to comply with health and hygiene, and safety regulations. Technological advancement such as wash zones or separate drawers to allow the dishwasher to run a half-load, steam cycles to clean, dry, and sanitize dishes in dishwashers, utensil cleaners etc., have also resulted in reducing the level of water usage.

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Price competition, particularly from low value imports, and life-span of products is affecting the growth of the catering equipment market negatively. Longer life span of products reduces the replacement cycle. Absence of stringent government regulations is one of the major factors affecting the growth of the catering equipment market across the globe. Further, poor quality of low cost catering equipment, high cost of advanced equipment, and less demand in under developed countries acts as major restraints to the market.

The global catering equipment market can be segmented based on product type, end users, distribution channel, and geography. In terms of product type, the market can be classified into cooking equipment, food handling equipment, refrigeration equipment, food preparation equipment, and other catering equipment. Cooking equipment and food handling equipment are the two largest sectors of the market. The cooking equipment can be further segmented into grills, fryers, steamers, toasters, cookers, and others. Food handling equipment can be classified into food containers, food conveyors, cabinets, trolleys, and others.

Refrigeration equipment can be divided into freezers, chillers, refrigerators, and others. Food preparation equipment include mixers, peelers, cutters, etc. whereas other catering equipment include bar equipment, tea and coffee making equipment etc. Based on end-use, the market is segmented into full-service restaurants & hotels, quick-service restaurants, pubs, and caterers. In terms of distribution channel, the market can be divided into online and offline channels. Offline market is further segmented into hypermarket and supermarket, convenience store, and others. Geographically, the market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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Key players operating in the catering equipment market include Kohler Co., GE Appliances, Robert Bosch GmbH, Siemens AG, and DE&E Appliances Co., Ltd. Other prominent players include Ningbo Fotile Kitchen Ware Co., Ltd, Sakura, Space Group, Urban Ladder, Fabfurnish.com, FISSLER, Häcker Küchen, and Godrej & Boyce. There are also a large number of regional manufacturers of catering equipment, making the catering equipment market fragmented in nature.

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Nail Polish Market Trends Analysis And Growth Forecast

Nail polish refers to nail varnish. It is a lacquer used to decorate the nails of the fingers or toes. Nail polish is also used for the protection of nail plates. It is generally available in multiple colors. The rise in the population of women has boosted demand for nail polish across the globe. Consumers are opting for nail polish based on their choice of nail art. Rise in the emphasis on nail care and usage of multi-color enamels on finger and toe nails by consumers are expected to drive demand for nail polish in the coming years. Factors such as increase in the popularity of fashion events and rise in awareness about grooming among women are also promoting the usage of nail polish.

In addition, women working in the corporate sector are concerned about their appearance and therefore wear nail polish. The global nail polish market can be segmented based on product, end-user, distribution channel, and region. Based on product, the market can be categorized into liquid nail polish and gel nail polish. In terms of end-user, the global nail polish market can be divided into individuals, nail salons or nail bars, and other beauty parlors. Based on distribution channel, the global nail polish market can be divided into online distribution channel and offline distribution channel. The offline distribution channel segment can be further classified into large retail store formats, independent retailers, and specialty stores.

In terms of region, the global nail polish market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In North America, awareness about natural nail polish has propelled the usage of nail polish made with natural ingredients. Moreover, increase in awareness about grooming among women and rise in nail care fashion trends have fueled the demand for nail polish in North America. In Europe, nail polish has emerged as one of the integral parts of women’s fashion trends. Increase in professional nail care services across the region has boosted demand for nail polish. In Asia Pacific, increase in the adoption of nail care fashion trends has fueled the usage of nail polish.

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Additionally, penetration of prominent players in the region has promoted the usage of nail polish through marketing campaigns. This is expected to propel the nail polish market in Asia Pacific. In Middle East & Africa, expansion in the retail sector and rise in celebrity endorsements for innovative nail care art are anticipated to drive the nail polish market during the forecast period. South America is also estimated to be an attractive region of the nail polish market, owing to an increase in the number of women. In addition, rise in awareness about innovative products and nail care fashion trends has fuelled demand for nail polish in South America.

Major drivers of the global nails polish market are acceptance of nail care fashion trends, endorsement for nail polish by celebrities, growth in the female population, rise in awareness about the importance of grooming, and increase in disposable income across the globe. However, a major restraint of the global nail polish market is health concerns about the harmful chemicals used for manufacturing nail polish that may led to digestive problems. Nevertheless, rise in demand for organic and natural nail polish, new product development, collaboration with nail salons, and penetration of e-commerce businesses are expected to create significant opportunities for the nail polish market.

Major players operating in the global sport nail market include Revlon, Inc., Essie Cosmetics, Ltd., L’Oreal Paris, Odontorium Product Inc., Creative Nail Design, Inc., Fiabila Cosmetics Co., Ltd., The Estee Lauder Companies, Inc., NARS Cosmetics, China Glaze, Cosmetic Industries, Inc., Sally Hansen, Inc., RGB Cosmetics, Vogue Cosmetics, Procter & Gamble Co., and Coty, Inc..

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Commercial Aircraft Market - Current Scenario of COVID-19 & Forecast 2027

The global commercial aircraft market is on course to achieve a stellar growth in the coming years of the forecast period. As the global tourism flourishes and becomes accessible to more people, the airline companies will look to expand their fleets. Moreover, airline industry is becoming more customer oriented and thus is projected to upgrade to new generation of aircrafts to provide their customers with unique experiences. Such developments are thus projected to help in the overall development of the global commercial aircraft market.

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Global Commercial Aircraft Market – Notable Developments

Some of the key developments in the global commercial aircraft market are given below:

• The global commercial aircraft market is mainly dominated by Boeing Company and Airbus SE. In December 2019, United Airlines Holdings Inc., one of the top airlines across the globe, placed a huge order of aircrafts with Airbus SE. United Airline places their first long-range A321neo jets with Airbus. The valuation of the deal is worth over US$7 billion.
• In November 2019, Emirates Airline and Boeing Company together a issued a statement in which they announced the Emirates have agreed upon purchasing 30 787-9 Dreamliner aircrafts. The value of the deal is expected to be around US$8.8 billion.

Global Commercial Aircraft Market – Drivers and Restraints

There are multiple factors that are helping to push the growth of the global commercial aircraft market. One of the biggest driving factor for the market growth has been the recent rise in the number of air traffic. Emerging economies in particular are contributing considerably in such matters and are thus fueling the development of the global market. Another important factor for the development of the global market has been the launch of new air routes for improving the global connectivity. It is causing the airline companies to expand their aircraft fleet. This is in turn helping to drive the demand for procurement of the next generation of commercial aircrafts. Furthermore, in recent years, there has been a considerable economic growth of the middle class population. This coupled with the growing trend and ever increasing popularity of global tourism is expected to fuel the development of the global market.

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Global Commercial Aircraft Market – Geographical Outlook

The global commercial aircraft market features a vast geographical landscape with five main regional segments. These regions are North America, Asia Pacific, Latin America, Middle East and Africa, and Europe. Of these segments, the region of Asia Pacific is currently leading the global commercial aircraft market. The dominance of the regional segment is because of the increasing number of aircraft procurement occurring there. In addition to this, recent rise in the amount of air passenger traffic is also helping to fuel the development of the market. Evolving nations such as India and China are experiencing massive developments in their domestic air traffic culture and are thus contributing in the overall development of the Asia Pacific segment of the commercial aircraft market. Moreover, introduction of next generation aircrafts and launch of new air routes are also helping to fuel the market growth.

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Small satellite Market Opportunities and Forecast By 2026

The global market for small satellite is presumed to grow rapidly in the coming years owing to less mass weight and better storage capability of the miniature satellites. Small satellites are reduced in size in order to lessen the economic cost of launching vehicles. Apart from that the cost of constructing such satellites are also less as compared to that of the larger ones. Small satellites are comparatively more useful than their larger counterparts. More number of small satellites can prove to be multifunctional for instance, in order to gather information or for scientific data collection or even for radio relay.

There are different variations to the global small satellite market with respect to end user, application, and satellite type. On the basis of type, the small satellite market can be categorized into nanosatellites, microsatellites, and minisatellites. Based on segmentation by application, the market is segmented into technology demonstration, scientific research and experimentation, telecommunication, and earth observation. End user category is further divided into government, commercial, defense, and civil.

The report presented above is a complete evaluation of the global small satellite market with major focus on market dynamics. It also includes market drivers, restraints, and trends and opportunities. The above presented report also offers geographical and other segmentation of the market.

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Global Small Satellite Market: Trends and Opportunities

 The global small satellite market is driven by a couple of factors. One amongst them is the satellite miniaturization. Apart from that, the fact that mission cost and expenditure have reduced with the introduction of small satellites is also among the major factors boosting the overall market for small satellites.

However, the scarce intellectual asset of the small satellites may be a challenge for researchers to overcome during an operation. Apart from that, the issues regarding availability of radio spectrum may also hamper the overall market. Another factor that may rise up as a major issue negating the growth of the market is the regulatory challenges that may be faced by the rise in the number of small satellites proposed.

The limitations that are related to the design and features of small satellites can constrict market growth of small satellites in the long run. Besides, lack of dedicated launch vehicles that are used for small satellite launching into space is also less as compared to the number of small satellites.

Nevertheless, the proposed development of all satellite networks to work on internet where broadband connectivity does not reach is seen as a lucrative opportunity of growth in the market. Adding to that is the high rate communication of data and the huge amount of capitals invested in small satellite market that will propel the growth of the market in future years.

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Global Small Satellite Market: Regional Analysis

The global small satellite market is geographically segmented into the regions of Europe, North America, Asia Pacific and the Rest of the World. Among these, the North American region is projected to be dominating the market. This is owing to the number of research laboratories and base camps in its developed nations of the U.S. and Canada. The rising need for high resolution image services and high speed communication levels is also boosting the market to grow. Asia Pacific on the other hand is expected to grow in the field of rocket science and small satellites in the coming years.

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Touch Screen Display Market Growth Prospects

The global touch screen display market is experiencing extreme competition in the market, observes Transparency Market Research. The fierce competition is among some of the leading players in the market such as Samsung, Fujitsu, 3M, Panasonic Corp, and LG Electronics. The prominent players are also highly focusing on mergers and acquisitions that could help them to expand their business. Focus on research and development activities in increasing, as players want to use innovative technologies and develop new products. Emerging economies is also seen lucrative opportunity by the players due to the presence of cheap labor and high availability of raw materials.

Statistics presented by Transparency Market Research, the global touch screen display market is anticipated to reach a valuation of US$ 121.1 bn by the end of 2027 progressing from US$ 57.1 as estimated in 2018. Over the forecast tenure between 2019 and 2027, the global market is projected to expand at 8.90% CAGR.

The application of touch screen display is high in retail kiosk as these screens are highly preferred as compared to other applications in this segment. The retail kiosk segment is expected to lead the market due to presence of multiple retail outlets spread across the globe. On regional front, North America held 35% market share in 2018. Over the forecast period, this region is expected to continue its dominance owing to the presence of key manufacturers in the region. On the other hand, Asia Pacific is also projected to be one of the key regions for the growth of this market due to increasing demand for touch screen display in this region.

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Retail Sector to Play a Crucial Role in Fueling Demand for Touch Screen Display

Application of touch screen display is seen in retail kiosks, gas pumps, public transport kiosks, car wash centers, automated teller machines (ATMs), sports arenas, parking terminals, medical equipment, and trade shows and exhibitions. Thus, with the growing application the demand for touch screen display is expected to grow significantly in the coming years. Among these applications, retail kiosk to lead the market as large number of retail outlets use touch screen display across the globe. This has given a significant push to the market’s growth. Moreover, to increase customer engagement various retailers are also adopting these advanced technologies. Introduction of infrared touchscreen and gesture sensing is also expected to benefit the market growth.

High Production Cost To Impede Market Growth

Despite the growing demand for touch screen display, few challenges are present in the market that could hamper the growth of this market. One of the major challenges is the limited availability of raw material. In addition, heavy competition and high cost of production may also lower down the prospects for growth in this market. However, operational ease and cost efficiency provided by these displays are projected to overcome these restraints in the coming years. Moreover, constant technological innovation that enhance the usability of these displays is helping in increasing the popularity of these displays. Thus, in the near future, the demand for touch screen displays are likely to increase at a significant rate.

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The information presented in this review is based on a TMR report, titled “Touch Screen Display Market (Application - Gas Pumps, Automated Teller Machines (ATM), Retail Kiosks, Trade Shows and Exhibitions, Car Wash Centers, Parking Terminals, Sports Arenas, Public Transport Kiosks, and Medical Equipment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027.”

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Water Meter Market Top Companies and Trends

Some of the prominent players operating in the water meter market are Arad Group, Badger Meter, Itron, and Kamstrup. These players are increasing focus towards the adopting various strategies in order to strengthen foot hold in the smart water metering market.

Contracts, agreements, business expansion and mergers and collaboration are some of the widely adopted strategies by the players.

For instance, in 2018, Kamstrup, leading water metering solution manufacturer announced the opening of its new manufacturing plant in United States.

Moreover, in 2018, Diehl, a key service provider has announced their products are available on Microsoft Azure. The company deals in several software associated with water meter. The cloud technology will help them offer a central platform for all of the energy data. Thus helping them make software access simpler and more cost-efficient for a range of manufacturers.

According to a report by Transparency Market Research (TMR), the global water meter market is projected to attain a valuation of US$6.1 bn by the end of 2027. The analysts recorded a valuation of US$4.0 bn in 2018. The water meter market is projected to showcase a steady CAGR of 4.7% during the forecast period.

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On the basis of geography, Asia Pacific is expected to hold a majority of share in the global market during 2019 to 2027.  This is mainly due to the improving infrastructure and rapidly increasing industrialization and urbanization in the region. Based on application, the water meter market is segmented into residential, commercial and industrial segment. Among these, residential sector is anticipated to continue to lead throughout the forecast period. This is because, household residents are the key consumers of water meter market. 

Need to Reduce Cost of Operation to Fuel Market’s Growth

The water meter market is projected to attain rise at a healthy CAGR during the coming few years. Growing concern toward water management, need to reduce cost of operation and rise in number of consumers are some of the prominent factor expected to boost the global water meter market in the coming few years.

In addition to this, rising integration of advanced technologies such as Internet of Things and automation in the water meters are some other factors which are expected offer several lucrative prospects to the growth of the water meter market. The accuracy of this equipment and controlled, monitored and transparent billing methods offered by these meters are boosting the consumer’s demands.

Further, players in the water meter market are increasingly integrating several advanced sensors and monitors with the water meter that offers additional data such as water velocity, quality and water flow rate. This is helping industry players efficiently manage water throughout the operation. These factors are driving the growth of the global water meter market.

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Moreover, ultrasonic meters have a longer life span, and they are able to transmit real-time data using communication network connectivity; the data is analyzed by meter data management systems or central monitoring software platforms.

Lack of Governmental Support to Impede Growth

Despite several advancements and growth in the water meter market is likely to suffer from factors such as lack of sufficient financial infrastructure and lack of governments support in developing countries, as per a recent report by World Water Development Report, on an average 480 million people in Asia suffer from water scarcity.

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Computer Numerical Controls (CNC) Market Size Forecast (2020-2027)

The computer numerical controls (CNC) market is characterized by a highly competitive vendor landscape, mainly due the presence of numerous players in the market. Participating in mergers & acquisitions, focusing on achieving product differentiation, and facilitating product regulation also are prime strategies implemented by most players operating in this market.

The competition is expected to intensify with new players entering the computer numerical controls (CNC) market on a regular basis, thus giving rise to a fierce rivalry between individual players. DMG Mori Co. Ltd., Haas Automation, Fanuc Corporation, Siemens AG, Dr. Johannes Heidenhain GmbH, GSK CNC Equipments Co. Ltd., JTEKT Corporation, Takisawa Machine Tool Co. Ltd., OKUMA Corporation, and Yamazaki Mazak Corporation, are chief players operating in the global computer numerical controls (CNC) market.

Statistically speaking, the global computer numerical controls (CNC) market is expected to fetch a revenue of US$ 115.1 bn by 2027, which is a significant rise from an initial revenue worth US$ 64.0 bn registered in 2018. This growth is expected to occur at a rising CAGR of 6.7% during the forecast period from 2019 to 2027.

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Need for Automation Boosts Market’s Growth

Rising concerns about reducing operational costs are being witnessed in several industrial sectors, consequently demanding large-scale automation. Such demands for automating various industrial processes is primarily driving the global computer numerical controls (CNC) market. This mainly because of reduction in overall manufacturing time and decreasing chances or human error to occur by using the CNC machines, consequently making them highly preferred.

Rising environmental concerns regarding reduction of industrial carbon footprint has led towards computer numerical controllers being increasingly used in place of manually operating machines. Doing this has resulted into improved efficiency being achieved by businesses working in the industrial domain, thereby being beneficial to the global computer controls (CNC) market.

Costly Maintenance and Servicing Dampens Product Sales

However, high costs associated with set up of CNC machines is profoundly retraining the market’s growth. This is as a result of low costs making it difficult for small-scale business with low capital to invest in the equipment. Even after the CNC instruments are purchased, they are quite costly to maintain, as they need to be serviced on a regular basis. Therefore, this factor is acting as a chief hindrance affecting the global computer controls (CNC) market. However, a slow-paced change has been occurring in the fundamental working mechanisms of the CNC machines, which is expected to reduce the workload and improve efficiency. Such changes are truly expected to offset some of the restraints affecting the global computer controls (CNC) market.

This market is mainly spread across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, North America lead the pack with maximum revenue earned owing to a strong industrial infrastructure and associated development.

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The study presented here is based on a report by Transparency Market Research (TMR), titled, “Computer Numerical Controls (CNC) Market (Types - Lathe Machines, Milling Machines, Lasers, Grinding Units, Welding Machines, and Winding Machines; Application - Automotive, Industrial, Power & Energy, and Defense & Aerospace) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027.”

Key Takeaways:

• Rising environmental concerns regarding reduction of industrial carbon footprint has led towards computer numerical controllers being increasingly used in place of manually operating machines
• The competition is expected to intensify with new players entering the computer numerical controls (CNC) market on a regular basis, thus giving rise to a fierce rivalry between individual players

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