Touch Screen Display Market Trends Analysis and Research Report 2021-2027

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.

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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.

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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3D Imaging Market Top Companies, Regional Outlook till 2027

The global 3D imaging market is foreseen in a report by Transparency Market Research (TMR) to bear a vendor landscape that carries a vastly intense level of competition between individual players. According to TMR analysts, the market could be highly consolidated due to the presence of fewer popular and firmly established companies. Most players are anticipated to adopt three key business strategies to cement their position in the market, i.e. expanding product portfolio, facilitating product differentiation, and participating in mergers and acquisitions.

The competition could level up with the entry of new players in the global 3D imaging market. Philips Healthcare, Hewlett-Packard Corporation, and Lockheed Martin Corporation are some of the top players operating in the market.

As per TMR, the global 3D imaging market could be valued at a US$ 73.01 bn by the completion of 2027. On the basis of end-use industry, the market is predicted to find healthcare securing a lion’s share in the coming years. With respect to region, North America could reach to a stronger market value by the end of the forecast period 2019-2027.

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Rising Prevalence of Chronic Diseases Stimulates Demand for 3D Imaging in Healthcare

The world 3D imaging market is foretold to attain massive growth on the back of widespread use of the technology in the automotive and healthcare industries. 3D imaging is extensively used in provision of treatment, diagnosis of diseases, research, surgery, and other individual domains in the healthcare industry. Demand for efficient technologies such as 3D imaging in healthcare is stoked by increasing incidence of heart disease and cancer and rising frequency of complex surgeries. Even in the field of medicine, 3D imaging is considered to be a highly useful technology.

3D imaging also finds application in other industries for designing a range of technologies including drones, robots, automobiles, and gadgets. Thus, any growth in these industries could mean a positive sign for the world 3D imaging market.

High Initial Setup Cost Discourages Small Businesses to Adopt 3D Imaging Equipment

The international 3D imaging market is expected to showcase a great potential for expansion in the near term. However, limited funding available to small businesses and expensive initial cost of setting up 3D imaging equipment could raise fears of reduced growth in the market. Moreover, low awareness about the use of the technology and lack of skilled professionals are envisaged to hamper the demand in the market. Nonetheless, players could bank on opportunities created with the introduction of innovative and cost-effective variations of 3D imaging in the global market.

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The information presented in this review is based on a TMR report, titled “3D Imaging Market (End-use Product – 3D Cameras (Time of Flight, Stereo Vision, and Structured Light), Sonography (Sonars and Ultrasound), and Smartphones; 3D Image Sensor – CMOS and CCD; Application – 3D Modeling, 3D Scanning, Layout and Animation, 3D Rendering, and Image Reconstruction; End-Use Industry – Entertainment, Healthcare, Architecture and Engineering, Industrial Application, and Security and Surveillance) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027.”

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Meat Processing Equipment Market Recent Developments and SWOT Analysis 2025

Meat is consumed as essential food in several parts of the world. It has high protein content, fat, and water. Meat processing is a method for simplifying and to enhance the taste and facilitate easy cooking. However, unprocessed meat gets ooze of numerous enzymes after animal slaughtering. Henceforth, the use of processing method is in demand to avoid the meat spoilage. Furthermore, the meat processing equipment brings high efficiency during the practice from killing to marinating.

Increasing use of private-label processed meat foodstuffs is the growing trend in the meat processing equipment market. This type of processed poultry and meat products are becoming popular as they are ready-to-cook and affordable. Furthermore, rising demand for processed meat products and safety & regulations for the High-level machines are projected to drive the demand for meat processing equipment during the forecast period.

Additionally, intensifying use of automated equipment by key equipment providers over the traditional equipment fuels the growth of the meat processing equipment market. Meat is highly brittle; hence, processing is important to prevent deterioration of the meat. However, rising cost of logistics and raw material for the processed equipment is expected to hinder the meat processing equipment market during the forecast period.

The global meat processing equipment market has been segmented by equipment type, meat type, product type, and region. In terms of equipment type, the market has been divided into dicing equipment, tenderizing equipment, blending equipment, cutting equipment, filling equipment, grinding equipment, massaging, smoking equipment, and other equipment. Cutting equipment segment is anticipated to develop at a significant growth rate in the near future. Based on meat type, the meat processing equipment market can be segmented into processed pork, processed mutton, processed beef, and others. Processed pork segment is projected to be the fastest growing segment during the forecast period due to consuming a rich source of nutrition value such as minerals, vitamins, phosphorus, niacin, and iron.

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According to product type segment, the market is bifurcated into dried meat, raw fermented sausages, fresh processed meat, raw cooked meat, cured meat, precooked meat, and other product types. Fresh processed meat segment is anticipated to have the largest market share among all the product type segments. In terms of region, the market is divided into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. North America is the dominating region in the meat processing equipment market. Canada and the U.S. are prominent countries that use meat processing machineries for better texture and flavor of processed meat. Asia Pacific is expected to be the fastest growing region during the forecast period as compared to other regions as China is the major meat producer in the Asia Pacific region.

Major companies operating in the global meat processing equipment market includes Marel, Equipamientos Cárnicos, S.L., Crown National, Jarvis Industries Canada Ltd., MAJAtronic GmbH, Bettcher Industries, Inc., Illinois Tool Works Inc., Mepaco, GEA Group, Key Technology, Middleby Corporation, Millard Manufacturing Corporation, Processing and Packaging Machinery Association (PPMA Ltd), Marlen International, RND Automation Private Limited, and JBT Corporate. Key players in the meat processing equipment market are anticipated to witness increasing demand for processing machines during the forecast years owing to the growing demand for meat as it contains high nutritional value.

Players operating in the meat processing equipment market are focusing on expansions, collaborations, and acquisitions as their major strategies to achieve significant market share and also developing distribution channels to sell their machines in the market. The market is projected to observe an upsurge in the trend of growing manufacturing of processing equipment. This in turn is projected to drive the adoption rate of meat processing equipment.

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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.

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Automotive Sheet Metal Components Market Applications and Growth Opportunities to 2025

The global market for automotive sheet metal components has a largely fragmented competitive landscape featuring a large number of small and large players and the leading four players collectively accounting for a nearly 40% of the overall market in 2016, observes Transparency Market Research (TMR) in a recent report. Although the market features low entry barriers for new companies, setting up of manufacturing units for automotive sheet metal components require huge capital and resource, thus limiting the scope of growth of new vendors.

Product innovation and development are key strategies adopted by most leading market players. New product innovation is an important strategy to combat the stiff competition in the market. Companies are focusing more on research and development activities to create innovative products to capture and maintain larger market share globally. Focus on expansion across emerging economies with a huge and rising appetite for high-end and passenger vehicles has also significantly increased.

Transparency Market Research states that the global automotive sheet metal components market will exhibit a moderate 3.7% CAGR from 2017 to 2025, rising from a valuation of US$104.30 bn in 2016 to US$142.41 bn in 2025.

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Steel to Remain Most Preferred Metal for Automotive Sheet Metal Components

In terms of material, steel contributed nearly 60% to the overall revenue accumulated by the global automotive sheet metal components in 2016 and is expected to remain the most preferred metal over the forecast period as well. In terms of geography, the global automotive sheet metal components market is presently led by the Asia Pacific market. China, one of the largest manufacturer of sheet metal components globally and one of the leading consumers of passenger vehicles, is expected to continue to drive the Asia Pacific market over the  next few years, helping the regional market retain its top spot in the global market over the forecast period.

Rising Production of Vehicles Globally to Drive Market

In the past few years, there has been a vast rise in the production of vehicles across the globe owing to the rising demand and usage of passenger vehicles. This, coupled with the rising demand for lightweight vehicles, is driving the demand and growth of sheet metal components used in the production of automobiles. A small percentage of hybrid and electric vehicles are already available in the market and the percentage is expected to grow at a healthy pace in the coming years owing to their least impact on the environment in the form of emission of pollutants.

With the rise in the number of hybrid and electric vehicles in the automobile market, the application and market for sheet metal components in such vehicles is also expected to flourish in the near future. Moreover, the strengthening trend of engine downsizing of automobiles is expected to influence the growth of the automotive sheet metal components market globally.

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Fluctuating Prices of Steel and Aluminum to Hinder Growth Prospects

As steel and aluminum are the two most used materials used for the manufacturing of automotive sheet metal components so their availability and fluctuation in prices make a huge impact on the overall market of automotive sheet metal components. China is the presently the leading producer of aluminum and steel globally. However, the country has been curbing its production of these metals to curb the level of air and water pollution.

This has been creating a huge gap between the supply and demand of aluminum and steel across the world. Moreover, concerns relating to the volatility in prices of aluminum and steel have also increased globally. Therefore, availability and volatility in the pricing of aluminum and steel are expected to inhibit the global automotive sheet metal components market, where the two materials find immense application.

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Automotive OEM Key Market Growth, Demand, Opportunities & Forecast To 2030

According to the report, the global automotive OEM key market is projected to reach US$ 280 Mn by 2030, expanding at a CAGR of ~2% during the forecast period. Rise in the purchasing power of the global population has fueled the sales of vehicles, thus boosting automobile production activities.

This increase in automobile production has subsequently propelled the demand for automotive key solutions from automakers, thereby driving the automotive OEM key market across the globe. On-going changes in the automotive sector, along with growing popularity of autonomous vehicles and shared mobility services, have transformed the traditional approach of vehicle security solutions from physical keys to virtual keys, which are stored in the smart devices of vehicle owners. This is negatively impacting the automotive OEM key market.

Expansion of Automotive OEM Key Market

Advancements in microelectronics and connectivity technologies are leading to the development of vehicle keys with advanced security features, such as biometric scanning, which are capable of performing multiple functions. For instance, in August 2020, KIA Corporation announced that its new Sorento vehicle model would be equipped with the remote smart parking assist feature that can be controlled through the key fob. Such keys enhance the customer experience and hence, they are expected to propel the global automotive OEM key market in the near future.

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Based on technology, the remote keyless entry system segment held a dominant share of the global automotive OEM key market in 2019. It is anticipated to expand at a notable CAGR during the forecast period, owing to their high ease of operation. The remote keyless entry system enables the consumer to open the doors and start the vehicle without inserting the key, thus creating convenience in operation, which has contributed towards its popularity.

In terms of key material, the carbon fiber segment led the global automotive OEM key market in 2019. It is expected to maintain its dominance during the forecast period. Keys made from carbon fiber are light in weight and have high strength, which make them highly convenient for handling and carrying. These benefits of carbon fiber material is propelling its share of the global automotive OEM key market.

Regional Analysis of Automotive OEM Key Market

In terms of region, the global automotive OEM key market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global automotive OEM key market in 2019. Rise in per capita income of the population coupled with rapid industrialization in the region has inflated the demand for passenger as well as commercial vehicles. This high demand, along with lucrative government policies and inexpensive labor has attracted numerous automakers to establish their production facilities in Asia Pacific. This growing presence of major automakers has boosted the sales and production of vehicles in Asia Pacific, thus fueling the automotive OEM key market in the region.

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Automotive OEM Key Market Players

Prominent players operating in the global automotive OEM key market include Altuna Group, Chiavit (Tornado Group), Continental AG, Credit Card Keys, dormakaba Holding, Garin System Co. Ltd, Hangzhou Zhengdian Technology Co., Ltd., Heights Security, Inc., LOCKMASTERS INCORPORATED, Mitsubishi Electric Corporation, One-Tool Co., Limited, QINGDAO EVERISE INT’L CO., LTD., Qinuo Electronics Co., Ltd., Runking Technology Co., Ltd, Sakthi Industries, Spark Minda, STRATTEC SECURITY CORPORATION, and TSNEW TECHNOLOGY CO., LIMITED.

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Bias Tire Market Value, and Competitive Landscape 2030

According to the report, the global bias tire market is projected to reach US$ 9.2 Bn by 2030, expanding at a CAGR of ~4% during the forecast period. Rise in sale of passenger and commercial vehicles across the globe is likely to propel the bias tire market across the globe. In addition, increase in small- and medium-scale industries across the globe is expected to boost manufacturing industries, which, in turn, is projected to fuel the bias tire market across the globe.

The rate of adoption of agriculture tractors and equipment has increased globally. The surge in the affordability of tractors and income of farmers are driving the demand for bias tires for agriculture tractors, which is anticipated to boost the bias tire market across the globe.

Bias Tire Market: Dynamics

Growing acquisition and agreements among leading tire manufacturers across the globe are boosting the bias tire market across the globe. In 2019, MICHELIN acquired 20% stake in a retailer PT Penta Artha in partnership with Indomobil and other private investors. The acquisition of the retailer is estimated to boost the marketing and sales of MICHELIN in Indonesia. China witnessed a surge in both general trade volume and proportion, escalating to 15.66 Trn Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN.

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Based on vehicle type, the global bias tire market has been segmented into passenger vehicle, light commercial vehicle, heavy commercial vehicle, construction & mining vehicle, agriculture tractor, and industrial vehicle. Agriculture vehicle is likely to be a highly lucrative segment during the forecast period.

The rise in demand for agriculture tractors is estimated to drive the demand for bias tire across the globe. In terms of type, the bias belted tire segment accounted for a significant share of the global bias tire market. Rise in construction activities across the globe is likely to increase the demand for heavy vehicles, which is anticipated to boost the bias tire market across the globe.

Bias Tire Market: Regional Analysis

In terms of region, the global bias tire market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global bias tire market in 2019. It is anticipated to hold a leading market share during the forecast period, due to rise in automotive industry across the globe. North America is also anticipated to hold a significant share, in terms of revenue, of the global market during the forecast period.

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Bias Tire Market: Key Players

Prominent players operating in the global bias tire market include Bridgestone Corporation, MICHELIN, The Goodyear Tire & Rubber Company, Continental AG, Cooper Tire & Rubber Company, YOKOHAMA Rubber CO. Ltd., Pirelli & C S.p.A., JK Tire & Industries Ltd, Sumitomo Tires, Giti Tires, Hankook Tire & Technology Co. Ltd., KUMHO Tire, Apollo Tyres Ltd., Nokian Tyres, Toyo Tires, ZC Rubber, and BKT Tire.

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Animal Feed Micronutrients Market Demand, Opportunities & Forecast To 2025

The global animal feed micronutrients market has witnessed a major transition in terms of quality control and demand, over the past few years. They are considered to be an important animal feed additive and are widely used for improving feed quality in order to enhance yield and the overall health of the cattle. Animal feed micronutrients support complex functions in animal production and help in the improvement of enzyme system operation which is expected to exhibit a positive influence on the growth of the market.

Rising demand for protein food due to nutritional deficiencies is one of the key factors influencing the growth of the market at present. Increasing pet adoption is another key factor influencing the growth of the animal feed micronutrients market. According to the ACSPA, and approximate of 3.2 million shelter animals are adopted every year in the U.S. Further, according to the American Pet Products Association, an approximate of 78 million dogs and 85 million cats are owned in the U.S. This has called for an increase in expenditure on animal care combined with the success of animal feed micronutrients in fertility and growth in the animals has shown a positive effect on the growth of the market. Moreover, escalating demand of animal protein from meat and milk producing cattle combined with the recent disease epidemic in cattle is another major factor fuelling the demand for animal feed micronutrients market, globally.

However, the market is likely to be restrained by the lack of awareness about such products and the benefits associated with them among poor and uneducated farmers. Critical dosage application is yet another major factor restraining the growth of the market at present.

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However, rising meat export and rapid urbanization rising export of meat is expected to retain the growth of the market in the coming years. Further, innovations taken up by the leading manufacturers operating in the field of animal feed micronutrients is yet another opportunity for the growth of the market.

Based on micronutrients, the market is classified into zinc, iron, copper and manganese. Based on livestock, the market is classified into poultry, ruminant, swine, aqua and equine. Ruminant and poultry are expected to be the dominant segments and are expected to retain market dominance throughout the forecast period due to rising demand for the same from farm owners. Further, rising meat consumption coupled with a rapid shift towards poultry food is anticipated to complement the growth of the market.

Based on geography, the market is classified into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Asia Pacific is expected to dominate the market throughout the forecast period. This is due to the large population of cattle in Asia Pacific. North America and Europe are expected to project fair growth during the forecast period. U.S. is the major market for animal feed micronutrients in North America while Argentina and Brazil are two of the major markets in Latin America. Asia Pacific however is the fastest growing region due to the increasing demand for the same from India and China. China and India are the major contributors to the growth of the animal feed micronutrients market in Asia Pacific.

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The global animal feed micronutrients market is marked by some intense competition from the major players operating in this market. Frequent mergers and acquisitions, joint ventures and partnerships, product innovations and expansions are some of the key strategies adopted by these players in order to ensure sustenance in this market. Major players include Archer Daniels Midlands Company, Cargill Inc., Lallemand Inc., Novus International Inc., Nutreco N.V., Zinpro Corporation and Kemin Industries among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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