Cosmetics and Toiletries Market Sales and Forecast by 2027

Cosmetics and toiletries include products ranging from perfumes, deodorants, creams to lotions and hair-care products. These products are used for enhancing the general appearance of a user. The global cosmetics and toiletries market has been experiencing a considerable demand in recent years because of the growing consumer awareness about personal hygiene. Moreover, growing skin and dermatology problems too have created ample business opportunities for the development of the global market for cosmetics and toiletries.

Global Cosmetics and Toiletries Market – Notable Developments

The global cosmetics and toiletries market features a fragmented competitive landscape. This fragmentation of the market is because of the presence of several notable brands and also emergence of promising players.

Some of the key players in the global cosmetics and toiletries market include names such as Shiseido, Kao, Avon, Johnson & Johnson, Beiersdorf, Colgate-Palmolive, Estee Lauder, L’Oreal, Unilever, and Procter & Gamble, among others.

These leading players in the market are constantly striving to develop and introduce new and innovative products so as to attract more customers. Moreover, they pay special attention in maintaining the quality of the product so as to retain a robust brand value and loyalty of the consumers.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=35

• In August 2018, L’Oréal announced that the company has successfully taken over Logocos Naturkosmetik, a German beauty brand that sells vegan and organic beauty products.

Global Cosmetics and Toiletries Market – Drivers and Restraints

There are numerous reasons behind the recent growth of the global cosmetics and toiletries market. One of the biggest driving factors for the market growth has been shifting of manufacturing plants to cost-efficient Asian countries such as China and India. Even though several exclusive and well-known cosmetics brands are available at high brow departmental stores, the rise of new channels of distribution such as tele-home shopping, infomercials, or online retailing has all helped in boosting the growth of the global market.

Another important trend that has been observed in the global cosmetics and toiletries market is the growing preference towards natural, organic, and herbal cosmetic products. People are extremely inclined to buy such products to save their skin from harmful chemicals used in synthetic products. This has brought in a complete shift in terms of marketing products by the manufacturers and is thus creating lucrative business opportunities. This too is expected to drive the growth of the global market for cosmetics and toiletries.

Global Cosmetics and Toiletries Market – Geographical Outlook

In terms of regional segmentation, the global cosmetics and toiletries market has five key regions. These regional segments are Latin America, the Middle East, and Africa, Asia Pacific, Europe, and North America. Of these, currently, the global market for cosmetics and toiletries has been dominated by the region of North America. In recent years, increasing demand for these products has been the key driving factor for the growth of the North America market. Europe too has been experiencing a huge demand for cosmetics and toiletries in recent. This has also put the development of the Europe market on the course for achieving stellar valuation.

Read More Press Release@ https://www.prnewswire.com/news-releases/global-higher-education-solutions-market-to-thrive-on-growing-popularity-of-cloud-computing-and-high-consumption-of-digital-content-tmr-301219732.html

On the other hand, the regional segment of Asia Pacific is expected to show promising growth in the coming years of the forecast period. Changing lifestyle trends and spending habits in the region has been influencing the development of the cosmetics and toiletries market. Moreover, with the growing spending power of people in emerging economies such as India and China, the growth of the cosmetics and toiletries market is expected to flourish even further.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Read More

Concrete Mixer Market Key Players and Forecast by 2026

A concrete mixer homogeneously combines cement and other aggregates such as gravel, sand, and water to form concrete. It uses a revolving drum for mixing the components. The universal concrete use in engineering construction has resulted in placing variety of devices and machines for mixing the materials. These mixers need to employ distinct methods for measuring and mixing the concrete in the desired shape. Throughout the year, there are continuous maintenance and construction jobs in both urban and rural regions. Changing trends in the construction industry has resulted in refinement of the mixing technologies for concrete production as today’s industry increasingly requires shorter mixing times and consistent homogeneity for industrial production of the ready mix concrete (RMC) and pre-cast concrete.

In 2016, total construction spending increased 6.5% as compared to 2015, according to U.S. Census Bureau data. The construction spending for 2018 is expected to increase about 4.8% which is forecasted to be around US$ 773.1 billion. Commercial construction which includes offices, transportation terminals, and parking garages is anticipated to witness 12.4% growth throughout till 2021. Retail construction is expected to drop 2.8% in 2018 as compared to 16.5% decline in 2017. The AIA (American Institute of Architects) Consensus Construction Forecast Panel for the non-residential buildings construction is expected to grow by 3.8% on 2018.

The construction and engineering industry is slower to adopt new technologies and has never gone through a major transformation. Therefore, productivity has been stagnant since the last 40 years and even declined in some cases. These parameters are set to change very soon as profound modifications are being witnessed in the industry. Digitalization has added more construction project opportunities in incorporating systems of intelligent machines, digital sensors, mobile devices, and new software applications which are integrated with platforms of Building Information Modelling (BIM).

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=42599

Construction equipment purchases involve huge initial investment; as a result, medium and small enterprises are hesitant to buy new equipment. Renting the construction equipment helps these companies to utilize newer technologies without investing much on the equipment ownership, thus compelling manufacturers to follow leasing and rental techniques for promoting their concrete mixing equipment.

The concrete mixer market can be segmented by product into drum rotating mixer, diesel mixer, twin shaft mixer, non-tilting mixer, and tilting mixer. By end-use, the concrete mixer market is segmented into industrial, commercial, and residential uses. The industry can be further classified by region into Europe, North America, Middle East & Africa, Asia Pacific, and South America.

The Asia Pacific region is expected to have the highest CAGR from 2018 to 2026 as the construction rate is growing at a rapid rate in emerging economies such as India, China, Malaysia, Indonesia, and Vietnam. The increased focus on transportation network developments to encourage cycling and public transport use in Europe and North America is expected to drive the demand for concrete mixers over the forecast timeline.

Economic events continue to impact the construction industry, resulting in several closures, consolidations, and acquisition activities. However, this industry has stabilized owing to economic growth and surging trends in infrastructure and housing sectors. Rising government spending on infrastructure development is responsible for the indirect growth of the concrete mixer market. The industry is highly competitive and vendors are constantly trying to develop and innovate new varieties of concrete mixers to cater to changing customer needs.

Read More Press Release@ https://www.prnewswire.com/news-releases/global-higher-education-solutions-market-to-thrive-on-growing-popularity-of-cloud-computing-and-high-consumption-of-digital-content-tmr-301219732.html

Industry participants in the concrete mixer market are Liebherr-International AG, Caterpillar, Sany Group, Sinotruk Hong Kong Ltd., Shantui Construction Machinery Co. Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd., and Terex Corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Read More

E-waste Recycling and Reuse Services Market Companies Profiles and Forecast by 2027

With the growing technological advancements, the world has seen a massive growth in the number of electrical and electronic devices production. In order to stay relevant in the market and also tackle the growing competition, the replacement cycle of these electronic equipment has become considerably small. This has given rise to a massive e-waste problem across the globe. There has been a growing cry for more efficient disposal, recycling, and reuse techniques. This has thus acted as the primary driver for the development of the global e-waste recycling and reuse services market.

Global E-waste Recycling and Reuse Services Market – Competitive Analysis

The competitive landscape of the global e-waste recycling and reuse services market is highly fragmented one because of the presence of several key players. The leading companies in the global market are constantly striving to develop more sustainable techniques that will help the environment and will result in more efficient recycling and reusing of e-waste. In addition to this, they are also concentrating on mergers, joint ventures, strategic partnerships, and takeovers in order to stay more relevant in the global market.

Some of the leading companies that are operating in the global e-waste recycling and reuse services market include names such as Global Electric Electronic Processing Inc., SIMS Recycling Ltd., MBA Polymers Inc., Cimelia Resource Recovery, Tectonics Ltd., and CRT Recycling among others.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=111

Global E-waste Recycling and Reuse Services Market – Drivers and Restraints

In recent years, the world has seen a massive upsurge in the information society. The growth has been achieved at a break-neck speed and is characterized by massive technological advancements that are fueling social as well as economic development. This has ultimately led to an overgrown ownership of ICT devices per individual across the globe. Moreover, with fast paced technological advancements, the replacement cycles of these electronic devices have become considerably shorter.

Furthermore, with a considerable rise in disposable income and ever improving standard of living, there has been an unprecedented spend on electrical and electronic devices. All these factors are responsible for generating increasing amount of e-waste. This has thus worked in favor of the development of global e-waste recycling and reuse services market. With increasing levels of e-waste there have been several cases of improper disposal and treatment of this e-waste through incineration or landfilling. This improper treatment of e-waste is posing a huge risk to human health. This has thus given rise to increasing demand for proper collection and disposable techniques to recycle e-waste. Naturally, it has helped in the overall development of the global e-waste recycling and reuse services market.

Global E-waste Recycling and Reuse Services Market – Geographical Outlook

There are five main regions that divide the global e-waste recycling and reuse services market. These regions are Europe, Asia Pacific, Latin America, Middle East and Africa, and North America. Among these, the global e-waste recycling and reuse services is currently led by the segment of Europe. In terms of contribution, Europe has been the largest regional segment in recent years and is expected to continue to dominate in the coming years of the forecast period. In 2017, Europe registered the largest e-waste collection rate. This growth of the Europe market is largely down to the strict rules and mandates regarding e-waste collection and recycling. In addition to this, clear mandates about the e-waste measurable collection and the robust recycling infrastructure in the region is also helping to drive the development of the e-waste recycling and reuse services market in Europe.

Read More Press Release@ https://www.prnewswire.com/news-releases/global-higher-education-solutions-market-to-thrive-on-growing-popularity-of-cloud-computing-and-high-consumption-of-digital-content-tmr-301219732.html

However, the regional segment of Asia Pacific is expected to emerge as the most promising regional segment in the coming years of the forecast period. With the growing number of value chain participants including re-furbishers, recyclers, material processors, de-manufacturers, and collectors among others, the development of the regional market is expected to shoot up considerably in the near future.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Read More

Electric Motors Market Key Drivers, Business Insights, Trends And Forecast 2027

An electric motor is a motorized device that is utilized in the conversion of electricity into mechanical energy. It is just opposite to the functions of an electric generator. An electric motor operates on the principles of electromagnetism. These principles exhibit that during the presence of electric current in a magnetic field, force is applied.

Motors are utilized in an expansive range of diverse applications, such as hybrid cars, electric vehicles, appliances, power tools, and fans. Motors come with various working parts so as to keep on rotating and providing power continuously. Motors are capable of running off of either alternating current (AC) or direct current (DC). However, both the systems come with their share of drawbacks and benefits. Various factors such as acceleration, speed, angular movements, control, and torque requirements make AC motors a suitable choice for the manufacturers of robotic systems. Benefits and diverse applicability of the product is likely to support growth of the global electric motors market over the tenure of assessment, from 2019 to2027.

Type, application, speed, voltage range, and region are the four key parameters based on which the global electric motors market has been divided. The objective of such segmentation is to make an offering of a clearer, 360-degree view of the global electric motors market.

Global Electric Motors Market: Notable Developments

One of the developments that provide a quick view into the market dynamics of the global electric motors market is mentioned below:

• In June 2017,  US-based leading manufacturer of electric motors, Arc Systems Inc. came up with a high-value invention – the squirrel cage induction electric motor with class-H insulation materials. This motor is able to sustain extremely high temperature. With this invention, Arc Systems Inc. is expected to widen its reach in the global market.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1756

Some of the important players in the global electric motors market comprise the below-mentioned:

• Baldor Electric Company, Inc.
• Arc Systems Inc.
• Franklin Electric Co., Inc.
• ARC Systems Incorporation
• Siemens AG
• Rockwell Automation Incorporation

Global Electric Motors Market: Key Trends

The following drivers, restraints, and opportunities characterize global electric motors market over the assessment period, from 2019 to 2027.

Changing Consumer Preferences likely to Shape Contours of the Market

The global electric motors market is estimated to be driven by rapid advancements made in the field of electric motor technology. Such developments have been playing a vital role in the growth and development of the market. An electric motor is an indispensible part of heating, ventilation, and cooling (HVAC) equipment. These motors also find abundant use in a wide range of devices across many industry verticals, be it motor vehicles or heavy or light industrial machinery or home appliances. Electric motors are vital for functioning of this equipment. In addition, better operational efficiency together with improved insulation has considerably enhanced the functionalities and safety of motors. This has led to escalated demand for electric motors in many of the industries.

Increased prices of fuel all over the world are compelling people to make a shift toward non-conventional alternatives of fuel. Electric vehicles are made with an aim of diminishing the cost of operation and reducing carbon footprint in the environment. A rise in the manufacturing of electric vehicles is likely to make a positive impact on the global electric motors market. Electric motors are utilized in a wide range of applications, from comforting components to performance components of the electric vehicle.

In recent times, the industry has witnessed a rise in government initiatives and regulatory policies promoting energy efficiency in equipment and machines. Low consumption of power, low cost of maintenance, high output and efficiency, and prolonged operational life play important role in supporting expansion of the global electric motors market.

Read More Press Release@ https://www.prnewswire.com/news-releases/global-higher-education-solutions-market-to-thrive-on-growing-popularity-of-cloud-computing-and-high-consumption-of-digital-content-tmr-301219732.html

Technological advancements have brought in new improved motor specifications, components, and design, which have resulted in catering to the evolving needs of the customers. Innovations together with policy frameworks play a vital role in industrial development of electric motors. This is likely to widen scope of the global electric motors market in the years to come.

Global Electric Motors Market: Geographical Analysis

Asia Pacific is likely to come up as a rapidly growing business territory in the global electric motors market. The territorial dominance of Asia Pacific can be ascribed to the rapid industrialization of the region, particularly in countries like India, South Korea, and China. Furthermore, augmented disposable income is estimated to encourage growth of the electric vehicle market in the region, which, in turn, is estimated to bolster demand for electric motors in the region.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Read More

High-reliability Semiconductors for Aerospace & Defense Market Present Scenario & Growth Prospect 2027

Transparency Market Research delivers key insights on the global high-reliability semiconductors for aerospace & defense market. In terms of revenue, the global high-reliability semiconductors for aerospace & defense market is estimated to expand at a CAGR of ~5% during the forecast period, owing to several factors, regarding which, TMR offers thorough insights and forecasts in its report on the global high-reliability semiconductors for aerospace & defense market.

Semiconductor components can affect long-term reliability of the system in which they are used, causing its premature failure. Factors that affect long-term reliability include elevated temperatures, metal migration, and ionizing radiation. High-reliability semiconductor components include DC–DC converters, voltage regulators, power transistors, diodes, and integrated circuits (ICs). Aerospace & defense is the largest end-user industry of such components, as products and systems used in this industry need to be free from all kinds of vulnerabilities.

Global High-reliability Semiconductors for Aerospace & Defense Market: Dynamics

Owing to geopolitical tensions across the globe, various countries are focusing on strengthening their military bases, and are increasing their budgets accordingly. For example, the U.S. Department of Defense has requested for allocation of US$ 718 Bn in the 2020 budget, an increase of 5% over the 2019 budget. The U.S. is also encouraging member countries of NATO to increase their military spending to 2% of their respective GDPs. France has announced that it would be increasing its defense spending by around 40% over the next six years, as it targets meeting the NATO objective of ‘2% of the GDP’ spent on the defense sector.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=74551

Furthermore, in 2019, the Government of India announced a defense budget of US$ 44.6 Bn for FY 2019–20, which represented an increase of 6.87% over that for the previous year. According to SIPRI, seven out of the top 10 countries with the maximum military spending as a percentage of GDP are located in the Middle East. These are Jordan, Saudi Arabia, Lebanon, Kuwait, Bahrain, Oman, and Israel.

A significant portion of the defense spending of a country needs to be used for systems to be operated in extreme environment conditions. Thus, rise in defense budgets is indirectly expected to drive the global high-reliability semiconductors for aerospace & defense market during the forecast period.

Global High-reliability Semiconductors for Aerospace & Defense Market: Prominent Regions

Asia Pacific is a dominant market for high-reliability semiconductors for aerospace and defense. Growth of the high-reliability semiconductors for aerospace and defense market in the region can be attributed to considerably high investments in research & development activities by manufacturers operating in the region. Moreover, the rising adoption of high-reliability semiconductor components in developing economies in Asia Pacific, led by technological advancements and cost efficiency, is projected to drive the high-reliability semiconductors for aerospace and defense market in the region during the forecast period.

Developing economies in the region are witnessing increased utilization of high-reliability semiconductor components in order to achieve robust performance of defense systems, including avionics, satellites, and combat vehicles. China is a major contributor to the high-reliability semiconductors for aerospace and defense market in Asia Pacific. The high-reliability semiconductors for aerospace and defense market in Europe is estimated to expand significantly during the forecast period, owing to increase in defense budgets in several countries in the region. Collectively, North America and Europe constituted more than 75% share of the global high-reliability semiconductors for aerospace & defense market in 2018. Furthermore, the high-reliability semiconductors for aerospace and defense markets in the Middle East and South America are expected to expand at a steady pace in the near future.

Read More Press Release@ https://www.prnewswire.com/news-releases/global-higher-education-solutions-market-to-thrive-on-growing-popularity-of-cloud-computing-and-high-consumption-of-digital-content-tmr-301219732.html

Global High-reliability Semiconductors for Aerospace & Defense Market: Key Players

Key players operating in the global high-reliability semiconductors for aerospace & defense market are Digitron Semiconductors, Infineon Technologies AG, Microsemi Corp, SEMICOA, Semtech Corporation, Skyworks Inc., Teledyne Technologies Inc., KCB Solutions LLC, Texas Instruments Incorporated, and Vishay Intertechnology Inc.

Read More

Magneto Elastic Torque Sensor Market Present Scenario & Growth Prospect 2026

A recent report by Transparency Market Research states that global magneto elastic torque sensor market is projected to witness a whopping growth in the duration of 2018 to 2026. As per the analysis of the experts at Transparency Market Research, the global magneto elastic torque sensor market is anticipated to witness a whopping 9.9% CAGR during the projected duration. Additionally, the analysis by the experts also projected to rise to US$ 225.68 mn during the projected tenure. This means that the players of global magneto elastic torque sensor market have ample opportunities to grow, says the report. 

Growing Importance of Testing Equipment for Assembly Lines to Boost the Growth

The rising significance of torque testing in the get together of security related segments and gear is required to offer an enormous lift for the interest for torque sensors. The market will likewise get a jolt with the fast development of air ship armada. With bigger quantities of air ships being made, a comparing ascend in the offers of torque sensors is projected to grow during the estimate time frame. The sensors job in ceaselessly checking and estimating helicopter powertrain observing frameworks and control application will likewise place in an advantageous position, as these machines are the essential methods of transport to and from seaward oil rigs and other remote oil fields. This boosts the growth of global magneto elastic torque sensor market.

Significance of Magneto Elastic Torque Sensor to Drive the Growth

Interest for exact torque estimation arrangements is expanding in an incredible way and supporting the gigantic development capability of torque sensors. Likewise, quick progress in modern assembling, just as innovative work requires better expectations of exactness for all estimating instruments. Henceforth, mechanical test frameworks need to get more & increasingly solid and exact in a state of harmony with modern advancement that has occurred as of late. Current drifts in the torque sensor market, for example, e-versatility and lessening emanations of burning motors has reinforced the market for higher accuracy in unique torque estimation gadgets. Moreover, increment in mechanical yield, improvement of productivity, protection of vitality assets, and decrease in ecological contamination are on the whole picking up significance in the magneto-elastic torque sensor market.

Request a PDF Sample –https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24872

North America Remains Dominant

North America is house of several innovation oriented companies. These companies are prominent drivers growth of the global magneto-elastic torque sensor market. As a result North America remains dominant in the geographical domain of the global magneto-elastic torque sensor market. Additionally, these players are also responsible for the bring innovations in the market. As a result the global magneto-elastic torque sensor market is dominated by North America making it the most lucrative region.

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources include annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, etc.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the magneto elastic torque sensor market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.

Read More Press Release@ https://www.prnewswire.com/news-releases/global-higher-education-solutions-market-to-thrive-on-growing-popularity-of-cloud-computing-and-high-consumption-of-digital-content-tmr-301219732.html

Global Magneto Elastic Torque Sensor Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global magneto elastic torque sensor market. The players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. The key players profiled in the global magneto elastic torque sensor market includes ABB Ltd, Applied Measurements Ltd., Crane Electronics Ltd, Honeywell Sensing and Control, HITEC Sensor Developments, Inc., Kistler Instrumente AG, MagCanica, Methode Electronics, and Texas Instruments, Inc. These companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

Read More

Rapid Prototyping Market Rising Trends, Latest Technologies Research And Future Scope 2026

The global rapid prototyping market was valued at US$ 1,928.2 Mn in 2016 and is projected to register compound annual growth rate (CAGR) of over 12.91% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Rapid Prototyping Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” The report suggests that rising use of rapid prototyping across automotive, consumer goods & electronics, and healthcare industries worldwide along with the rising trend of 3D printing technology around the globe is likely to spur the demand for rapid prototyping in the coming years (2018 to 2026).

As key players introduce new rapid prototyping in developed markets such as North America, Europe, and Asia Pacific, these regions are likely to account for dominating share of the global rapid prototyping market. Growing demand for rapid prototyping from the growing consumer goods & electronics industry in emerging markets such as China, Japan, and India is likely to boost growth of the Asia Pacific rapid prototyping market at a growth rate of around 15% from 2018 to 2026.

Rapid prototyping has gained significant attention and has become one of the most sought after technological advancements. Rapid prototyping helps in the manufacturing of a product effectively by reducing the time between the design and final production. Initial cost of a 3D printer used for rapid prototyping is very high and this initial cost is one of the prominent factors holding back the growth of 3D printing and rapid prototyping. For instance, high quality 3D printers can cost upward of up to US$ 2 million. Furthermore, one of the issues with rapid prototyping is that 3D printers tend to be small and as a result the size of the developed product is also small.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16796

However, there are huge 3D printers available in the market, but the cost of such printers is very high for smaller sized companies. With respect to cost, bigger industries such as automotive and aerospace have no problems in using the bigger 3D printers. However, many companies still have to use traditional methods of manufacturing until the cost of bigger machines goes down. Many players in the rapid prototyping space are trying to develop and offer cost effective 3D printers to excel in the continuously increasing competition and to promote rapid prototyping.

Demand for rapid prototyping is continuously increasing across many industry verticals around the globe

Rapid prototyping is the creation of models at a higher speed, which are examined functionally and/or visually during the process of product development. Although the terms 3D printing and rapid prototyping are used interchangeably, 3D printing is the method and rapid prototyping is the end result. Furthermore, rapid prototyping is used in physical and non-physical product development. For instance, in software development, as an alternative to the traditional “waterfall” method, it uses “rapid application development” (RAD) rapid prototyping. Many industry verticals including automotive, aerospace, and healthcare are using rapid prototyping for product development, as it gives engineers and designers the benefit of design modification during the development stage until it is considered for production. Additionally, it is also a great way to test various finishes and materials on the product at a much faster rate before launch to market.

North America is the leading contributor to the rapid prototyping market

In terms of value, North America was the leading contributor to the global rapid prototyping market in 2017. The contribution is primarily due to the booming rapid prototyping marketplace along with the presence of well-established players across the region, especially driven by the U.S. and Canada. The U.S. is home to many well-established players from the rapid prototyping domain including3D Systems, Inc., Stratasys Ltd., and Carpenter Technology Corporation.

Furthermore, North America is witnessing higher adoption of rapid prototyping due to continuously rising automotive and healthcare industry. Many companies are trying to innovate novel products pertaining to rapid prototyping to compete with the other well-established players across the region and globe. For instance, in April 2018, Stratasys Ltd. announced advancement in its products namely J750 and J735 3D printers, to reduce the time-to-market and development cycles. Furthermore, it will help customers and designers to build rapid prototypes with streamlined design-to-prototype workflows for faster time-to-market.

Read More Press Release@ https://www.prnewswire.com/news-releases/global-higher-education-solutions-market-to-thrive-on-growing-popularity-of-cloud-computing-and-high-consumption-of-digital-content-tmr-301219732.html

Key players such as Stratasys Ltd., 3D Systems, Inc., GE Additive, and Sandvik AB likely to lead the global rapid prototyping market

Stratasys Ltd., 3D Systems, Inc., GE Additive, and Sandvik AB among others are some of the major players operating in the rapid prototyping market profiled in this study. Various players are building partnerships to meet the continuously rising consumer demand with respect to rapid prototyping. In May 2017, Sandvik AB announced that it is partnering with Desktop Metal, a company that designs and markets metal 3D printing systems to supply the gas atomized metal powders designed for rapid prototyping for its 3D printing systems. Furthermore, this partnership will help both the companies in supporting the consumer demand for new additive manufacturing or rapid prototyping technology.

Read More