Conveyor Oven Market Growth Demand, Opportunities & Forecast To 2027

As per estimates of the TMR report, the global conveyor oven market will become worth US$ 135.4 Mn by the end of 2027 at a CAGR of 3.7% during the forecast period from 2019 to 2027. In 2018, the market size was valued US$ 97.6 Mn. Based on power source, electric conveyor oven held the leading more than 50% share in the overall market in 2018.  Among the key type segments, industrial/heavy ovens stood as the leading segment of the conveyor oven market in 2018. Geography-wise, in 2018, North America stood as the most lucrative market mainly because of increasing demand for fast and convenient food.

Over the past few years, the changing work practices of the food industry is also acting in favor of the growth of conveyor oven market. Food companies are seeking modern food preparation practices, wherein they are looking for quality and efficiency in a cost effective manner. In particular, stacked conveyor ovens are witnessing an increasing demand as they have the feature to cook a substantial amount of food at one time. This is also acting in favor of conveyors oven market.

Manufactures of conveyor ovens are focusing on conserving energy. Various food service establishments such as pizzerias are facing strong competition over values and most of them are aiming at minimizing their operating costs. Consequently, several conveyor oven manufacturers are also focusing on providing technologies, which save money and conserve energy of the pizzerias. For instance, conveyor oven manufacturers such as Middleby Corporation, Lincoln, and OEM-ALI Spa are adopting energy-saving technologies. For instance, Middleby Corporation’s WOW model of conveyor ovens contains an automated ‘energy eye’ technology that decreases the consumption of energy when food is not inside the oven cavity.

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Similarly, OEM-ALI Spa also provides a conveyor oven, which has standby controls allowing the equipment to economize the consumption of energy. These innovations in energy consumption benefit by saving about 30% of energy. Companies have an original System known as Energy Management system – EMS. Middleby Corporation ovens offer highly effective heat transfer to the product. Consumption of energy is carried out as air is recycled from radiator to product, where energy loss is reduced. However, when touched, the oven is cool. This kind of technology is expected to fuel the growth of the market

Rising demand for baked products in different countries

Several countries across the globe are witnessing a significant demand for baked products. Numerous pizzerias are witnessing an increasing demand to lowering their cooking time. Conveyor ovens require less time to cook large amounts of food; thus, helping restaurant owners to develop operational efficiency. Thereby improving the consumer experience. This, in turn, is prompting more pizzerias to invest in conveyor ovens.

Global market is fragmented in nature with stiff competition with global and domestic competitors. Product development and introduction of novel products are the key growth strategies that key players in this market have adopted to help them emerge at the fore. Besides innovations, several companies in the market are striving to tap opportunities in regional and local markets to target the segment of small end users.

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The key vendors operating in the global conveyor oven market include Middleby Corporation, Lewco Inc., PICARD OVENS INC., Davron Technologies Inc., Star Manufacturing, Wisconsin Oven Corporation, Zanolli, Stoddart International Thermal Systems, Mahan Oven & Engineering Co. Inc., Infratrol LLC, Doyon, Moretti Forni, OEM-ALI Spa, Ovention, Italfornia USA, Lincoln, and XLT Inc.

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Remote Control Products – Hobby Market to Flourish with an Impressive CAGR During 2021–2027

Transparency Market Research delivers key insights on the global remote control products – hobby market. In terms of revenue, the global remote control products – hobby market is estimated to expand at a CAGR of 3% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global remote control products – hobby market report.

In this market report, TMR predicts that rising frequency of various racing events (regional and international) across all categories of remote control products has encouraged several experienced as well as budding hobbyists to take interest in hobby grade remote control products.

These events have not only attracted the potential customers to the market but also encouraged innovations among manufacturers of RC products. During the first quarter of year 2020, more than 19 such top-level events were registered in the U.S. alone. Some of the other major countries known for such events include China, Hong Kong, Singapore, the U.K., and Dubai. Furthermore, in various locations across major markets, including North America, Europe, and Asia, hobbyists have the facility to race among various remote control racing groups.

Increasing number of local race tracks is also one of the factors contributing to the growth of hobby remote control products. Although a few of the large RC tracks have closed in the past couple of years, emergence of several small scale, local tracks is anticipated increase in the coming years. This trend is further likely to encourage local participation and enable people to access the racing events without the need to travel long distances.

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In terms of product type, remote control cars held the highest market revenue share in the global remote control products – hobby market in 2018 and are expected to remain dominant during the forecast period. However, in the coming years, the trucks and drones segments are anticipated to expand at a substantial pace. Enthusiasm for off road racing is expected to fuel the demand for monster trucks in the coming years. The versatility of remote control off-roading makes it a suitable hobby for busy people.

Based on age group, the 18-34 years segment led the remote control products – hobby market in 2018. The population falling in this age group are the people with high spending capability and keen interest in remote control products. Sound knowledge of technological advancements in RC products and skills to operate these new RC products in the market make the 18-34 years age group the most promising population group for the RC products – hobby market.

Majority of RC products hobby manufacturers are located in Asian countries, particularly in China. Some hobbyists across the globe still prefer the conventional method of buying these products, which is through specialty stores. In addition, rising adoption of e-Commerce globally, and ability of sellers to promote sales of products at relatively lower cost is likely to drive the online distribution channel.

Remote Control Products – Hobby Market: Prominent Regions

Geographically, Asia Pacific led the remote control products – hobby market in 2018 and the region is expected to retain its dominance during the forecast period. Majority of remote control products hobbyists’ population resides in the Asia Pacific region, which accounts for more than 20% of the global remote control products market. In addition, Asia Pacific, being a noteworthy manufacturing base for the remote control hobby grade products industry makes it a prominent market globally.

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Remote Control Products – Hobby Market: Key Players

The competition landscape of the remote control products – hobby market is highly fragmented with leading players accounting for nearly 50% of the revenue share. Key players operating in the global remote control products – hobby market include Traxxas, Redcat Racing, Horizon Hobby LLC, Artsana S.p.A, Silverlit Toys Manufactory Ltd., HPI Racing A/S, DJI, Kyosho Corporation, World Tech Toys, and Tamiya Inc.

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Bead Products Market To Witness the Highest Growth Globally in Coming Years 2021-2030

Transparency Market Research delivers key insights on the global bead products market. In terms of revenue, the global bead products market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global bead products market report.

In this market report, TMR predicts that rising partnership among private public organizations will have a noteworthy impact on the overall bead products market. The bead products study signifies the handcrafted bead products, which encapsulates a wide range of products, including jewelry, art, pottery, tapestries, utensils, and various other accessories. Earlier, these products had limited market reach, owing to their concentration and availability at select locations. However, now, with the help of advancing business trends, the private sector has partnered with local associations supporting the community of bead products manufacturers, enabling them to penetrate into novel geographic verticals.

In terms of product type, the market has been divided into home décor, jewelry, accessories, pet items, models, holiday ornaments, and others products such as stationery, etc. During the forecast period, the market is anticipated to be dominated by the jewelry segment. Jewelry bead products in the report have been further segmented into necklaces, bangles & bracelets, earrings, rings, pendent, and others (armlets, anklets, etc.). Rising demand for bangles and bracelets is anticipated to drive the jewelry segment throughout the forecast period.

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Based on bead type, the market has been segmented into powder glass beads, crystal beads, metal beads, natural beads (such as wood, bone, stones, etc.), and others, including acrylic, plastic, and trade beads. The natural beads segment is anticipated to expand at a significant growth rate during the forecast period.

In terms of bead shape, the bead products market has been categorized into round, oval, cube, cuboid, and others (bicone, star, twisted, etc.). The round bead shape has been found to be widely used, accounting for majority share in the value as well as volume market. In terms of bead size, the market has been segmented into less than 0.5 mm, 0.5 mm to 1mm, and more than 1 mm. The more than 1 mm segment is expected to lead the market and dominate the market in the forthcoming years. Furthermore, based on pricing, the market has been divided into high, medium, and low. Based on category, the market has been categorized into mass and premium. As per the study, it has been estimated that in the coming years, the mass products segment, which correlates to low price products is expected to dominate the revenue share of the bead products market.

In terms of end user, the individual or distinct buyer contributed to higher revenue share of the market. In terms of distribution channel, increasing adoption of online shopping trends is likely to fuel the share of online platforms in the overall bead products market.

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Bead Products Market: Prominent Regions

Geographically, Asia Pacific led the bead products market in 2019 and the region is expected to retain its dominance during the forecast period. China and India are considered the major markets for bead products in the Asia Pacific region. Asia Pacific is a prominent market globally, since it is an important manufacturing base for bead products. Apart from Asia Pacific, the African provinces also significantly contribute to the growth of the global bead products market.

Bead Products Market: Key Players

The competition landscape of the bead products market is highly fragmented with leading players accounting for nearly 25% of the revenue share. Key players operating in the global bead products market include African Crafts Market, Alamy Ltd., BeadforLife, Earth Africa Curio, Global Village Gifts, Indego Africa, Kenya Crafts, Naushad Trading Company (NTC) Limited, The Kenyan Craft Company, and WorldCrafts.

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Trail Camera Market Opportunities, Trends, Share and Forecast 2027

According to a new research report published by Transparency Market Research , titled ‘Trail Camera Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global trail camera market is expected to reach value of US$ 121.0 Mn by 2027, expanding at a CAGR of 7.8% from 2019 to 2027. Asia Pacific held the maximum share of the global market in 2018.

Security trail cameras are designed to protect and secure premises. These cameras are designed for outdoor as well as indoor installation. Furthermore, with the rapidly increasing number of incidences of theft and vandalism across the globe, has further positively influence the rate of adoption of security trail cameras has increased.

With the advancing technology, security trail cameras are capable of taking still photos and videos and also capture capturing audios to accompany the video. Moreover, these cameras are capable of capturing photos in complete darkness, without any visible flash. Features of security trail cameras, such as no glow, motion sensors, and ability to connect to wireless networks, make them suitable for use in security applications.

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However, costs of trail cameras are higher as compared to other cameras. Their prices range from US$ 50 per unit to more than US$ 1000 per unit. Furthermore, typical mid-range trail cameras, which are suitable for use in scientific monitoring, cost around US$ 300 to US$ 500. These cameras typically have better detection circuitry, increased reliability, and more customizable settings. High-end trail cameras cost around US$ 500 to US$ 1000 and they may comprise various video modes with higher trigger speed. They have the capability to send images over wireless networks or mobile phones. Moreover, more customized trail cameras with highest-quality images cost a few thousand dollars more.

Among products, the 8–12 MP segment held the leading share of the global trail camera market in 2018. The 8–12 MP trail cameras are capable of recording high-resolution still images, tip-lapse HD videos, and photos with audio. Furthermore, these digital-scouting cameras has have 80 -foot feet range for capturing wildlife activities in daytime and through the night time as well. These factors are expected to drive the market during the forecast period.

Among applications, the security camera segment is expected to register the maximum CAGR of 8.0% from 2019 to 2027. Use of trail cameras as cameras for indoor security and outdoor security is projected to increase significantly during the forecast period. This growth can be attributed to various features of trail cameras including high motion sensor range offered by these cameras. Also, trail cameras use infrared flash for capturing videos and photos in low or no light.

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Asia Pacific accounted for 32.2% share of the global trail camera market in 2018 and it is anticipated to continue its dominance throughout the forecast period. These cameras are increasingly being utilized as a tool by landowners and land managers for managing their premises. The forest area in China accounts for 5% of the world’s total forest area and it is ranked the fifth in the world. It accounts for 3% of the world’s total forest area, in terms of forest stock volume.

The global trail camera market is characterized by the large number of local and regional players and intense competition among them. Some of the key participants in the global trail camera market are Vista Outdoor, GSM Outdoors, LLC, Plano Synergy Holdings Inc., EBSCO Industries, Inc., RECONYX, Cuddeback, Covert Scouting Cameras, Spypoint (GG Telecom), Boly Inc., and Browning Trail Cameras.

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Handheld Marijuana Vaporizer Market to Witness Astonishing Growth by Forecast 2020-2027

A recent report by Transparency Market Research States that the since the legalization of marijuana is several countries, the global handheld marijuana vaporizer market is growing exponentially. The popularity of the herb has a major hand in the progressive of the market states the experts at Transparency Market Research. According to their prediction, the global handheld marijuana vaporizer market is projected to witness a robust 23% in the duration of 2019 to 2027. Moreover the prescribed use of the herb for treatment of anxiety and depression is also a key factor driving the growth of the global handheld marijuana vaporizer market in the duration, says the report.

Legal Sale of the Herb Boosts the Growth

Ever since in 2013 when Uruguay first legalized marijuana, several countries are now following the same trait. Countries like Canada, Denmark, and various other countries have also or shall be soon legalizing the herb. This legalization of the herb has allowed the businesses to develop compact and cost effective vaporizers that can be used easily. These developments are some of the major reasons responsible for the growth of global handheld marijuana vaporizer market in the projected time frame.

Moreover, the growth in the number of people who are willing to get high on the vapors of marijuana is also a major factor that boosts the growth of handheld marijuana vaporizer market globally.

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Involvement of Celebrities to Boost the Market to Reach to US$ 25.7 Bn

Marijuana or “weed” is heavily supported by celebrities like Snoop Dogg and Laganja Estranja. The followers of the celebs follow not just their music and videos, but also their marijuana support. Based on the growth of the number of such followers, the demand for handheld marijuana vaporizers has grown exponentially in recent years. This growing demand is also a major factor that is boosting the growth of global handheld marijuana vaporizer market from 2019 to 2027.

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Growth in the Prescription of Marijuana for Treatment of the Neurological Disorders

Marijuana is one of the best anti-depressant that is available in the market. Prior to legalization of the herb, people used to smoke weed just to get high and overcome their anxiety and depression. However, the excess use of the herb made them addict. Healthcare sector post the legalization of marijuana now prescribes a limited doze of the herb to cure the neurological disorders of patient. This development in in the healthcare sector is also a key factor driving the growth of global handheld marijuana vaporizer market from 2019 to 2027.

North America is the Most Lucrative Region

Persisting neurological disorders and hectic life schedule is now taking its toll on the people of the U.S. and Canada. Hence some part of U.S. the herb is now legal and can be brought from a medical store. Due to these reasons, the players of global handheld marijuana vaporizer market are focusing their business in North America. This makes the region as the most lucrative region for the players of global handheld marijuana vaporizer market in 2019 to 2027.

A unique research methodology is utilized by TMR to conduct comprehensive research on the growth of the handheld marijuana vaporizer market, and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the production of the handheld marijuana vaporizer market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the handheld marijuana vaporizer market, as a primary resource.

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These primary and secondary resources provided exclusive information during interviews, which serves as a validation from handheld marijuana vaporizer industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the handheld marijuana vaporizer market with accuracy. The study also uses a top-down approach to assess the numbers for each segment, and a bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the handheld marijuana vaporizer market more reliable and accurate.

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Fully Automatic Beverage Machines Market Regions & Forecast 2027

 

• The global fully automatic beverage machines market was valued at ~US$ 6.7 Bn in 2018, and is expected to expand at a CAGR of ~6% from 2019 to 2027. The global fully automatic beverage machines market is expanding significantly, in terms of size and value. The demand for out-of-home (OOH) coffee is fueling the need for fully automatic coffee vending machines and other fully automatic beverage machines.
• The fully automatic beverage machines market in Asia Pacific is growing rapidly, as a result of urbanization and development in mid-sized cities (tier II or tier III), expansion of a number of outlets/local coffee chains into multinational companies, and the easy availability of products.
• The fully automatic beverage machines market in Europe accounted for ~40% share of the global fully automatic beverage machines market in 2018, followed by Asia Pacific and North America. The Europe fully automatic beverage machines market is anticipated to maintain its dominance during the forecast period. This can be attributed to the presence of world leading manufacturers of fully automatic beverage machines in the region.

Fully Automatic Beverage Machines Market: Driving Factors

• Increase in the demand for fully automatic beverage machines from universities, colleges, and offices in Asia Pacific countries is fueling the growth of the fully automatic beverage machines market in the regions. The installation of fully automatic beverage vending machines in colleges in China is increasing at a fast pace, and is likely to grow during the forecast period. The growth potential of the OOH coffee segment is evident, with Coca-Cola completing the acquisition of U.K.-based global coffee brand ‘Costa Coffee’ from Whitbread PLC for US$ 5.1 Bn on January 3, 2019.

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• Fully automatic vending machines are a prominent channel through which Costa Coffee is consumed across the world. The company had over 8,000 automatic vending machines to serve coffee. Thus, rise in the global demand for OOH coffee is fueling the demand for fully automatic coffee and other beverage vending machines across the world.

Fully Automatic Beverage Machines Market: Key Challenges

• The taste preferences of consumers for beverage are changing with respect to geography and demography, thus restraining the fully automatic beverage machines market.
• It has been observed that, the population in North America and Europe prefer to purchase healthy drinks from fully automatic beverage machines. However, carbonated soft drinks are popular in other regions.
• Manufacturers of fully automatic beverage machines are selling different products as per region to increase their market reach.
• The manufacturing cost of fully automatic beverage machines is high, and selling different types of fully automatic beverage machines in different locations has become a challenge for them.

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Fully Automatic Beverage Machines Market: Competitive Landscape

• The fully automatic beverage machines market includes several players that are focused on the development of new products to cater to market demand.
• The report includes the below-mentioned pointers of major players operating in the fully automatic beverage machines market:
  • Company Overview
  • Product Profiling
  • Market Share Analysis (2018)
  • Product Innovation
  • Business Strategies/Recent Developments
    • Technological Advancements
    •  Key Mergers & Acquisitions
    • Expansion Strategies

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Termite Bait System Products Market Top Manufacturers, Geography Trends & Forecasts to 2027

Transparency Market Research’s recent report on the termite bait system products market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the termite bait system products market analyzes the scenario for the period of 2019-2027, wherein, 2018 is the base year and 2017 and earlier is historical data. The report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.

The report has been prepared after extensive research. Primary research involves bulk of the research efforts, wherein, analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involves referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global termite bait system products market.

This TMR study on the termite bait system products market provides data on the developments undertaken by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of the strengths, weaknesses, threats, and opportunities, along with the trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the global termite bait system products market gives readers an individual understanding of the market.

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The study discusses the underlying trends and impact of various factors that drive the global termite bait system products market, along with their influence on the evolution of the market. The study also offers Porter’s Five Force Analysis, value chain analysis, key trend analysis, and SWOT analysis of the global termite bait system products market, in order to highlight the crucial growth tactics and opportunities for market players.

The report answers these questions and more about the global termite bait system products market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Global Termite Bait System Products Market – Research Methodology

The TMR report on the global termite bait system products market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competitive scenario of the global termite bait system products market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global termite bait system products market arrive at predictions and estimations, and calculate the forecasts for the market. The report uses an analytical triangulation method to estimate the numbers and figures of the global termite bait system products market, with both, a bottom-up and top-down approach.

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Termite Bait System Products Market Report: Key Questions Answered

• How much revenue will the termite bait system products market generate by the end of the forecast period?
• What type of termite bait system product is likely to gain the maximum market share by 2027?
• What regions currently contribute the maximum share to the overall termite bait system products market?
• What are the indicators expected to drive the global termite bait system products market?
• Which region is likely to be a lucrative market during the forecast period?

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