Industrial Automation Market Opportunities by Types, Demand, Top Manufacturers and Application in Grooming Regions

The global industrial automation market exhibits a highly cutthroat competition mainly due to the presence of innumerable players, observes Transparency Market Research based on a newly published report. The fragmented nature of this market’s vendor landscape depicts most players integrating their products with advanced technologies. With an increasing demand for industrial-grade products occurring in almost every sector, a high requirement for automation that can help mass produce commodities is being felt all over the globe. This has caused a spike in the number of players entering the industrial automation market, which is certainly expected to increase the competitive intensity during the upcoming years.

Developing products that deliver functional transformation and commercial excellence is expected to be a key strategy adopted by most players working in the global industrial automation market to stay ahead in the competition. Key players working in this market are: Toshiba Machine Corporation Ltd., Rockwell Automation, Inc., FANUC Corporation, Yaskawa Electric Corporation, Yokogawa Electric Corporation, Emerson Electric Company, BB Ltd., Honeywell International Inc Mitsubishi Electric Corporation, Voith GmbH, and General Electric Company, among several others.

According to experts from Transparency Market Research, the global industrial automation market had gained revenue worth US$227.29 bn in 2018, which is further expected to grow up to US$438.08 bn by the end of 2027. This growth is projected to occur at a handsome CAGR of 7.56% during the forecast period from 2019 to 2027.

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Demand for Fast Production Capacity Creates Need for Rampant Industrial Automation

A rapidly increasing demand for fast production capacities is primarily driving the global industrial automation market. Such a high demand mainly exists in terms of automotive assemblies, telecom networks, aircrafts, heat treating boilers and ovens, chemical plant machinery, steering and ship stabilization, and other machinery systems. Moreover, several companies are pouring large sums of money to facilitate research and developmental processes regarding industrial automation. This too has been responsible for propelling growth in the global industrial automation market.

Various industrial segments are adopting automation systems to reduce labor burden, consequently making the market grow at a respectable pace. Automation also brings into picture the implementation of various innovative solutions, compared to manual processes. All these factors are certainly expected to fuel the global industrial automation market, and make it thrive spectacularly and better than current times during the forthcoming years.

Lack of Awareness Regarding Automation Benefits Stunts Growth

However, steep costs required to set up systems for machinery production, as well as expensive research and development activities undertaken for the same is greatly hampering the global industrial automation market’s growth. High installation and maintenance expenses are discouraging small-scale plants and industries to avoid automation completely. Moreover, lack of awareness regarding benefits of automation in several regions too is posing as an obstacle to the market in several developing and emerging economies. Nevertheless, several end user segments such as pharmaceuticals, water management, chemicals, electronics, and food and beverages, are witnessing a rampant need for automation. This is certainly expected to soon reduce the effects of restraints affecting the global industrial automation market.

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The information shared in this review is based on a TMR report, bearing the title, “Industrial Automation Market (Automation Type – Distributed Control System (DCS), Programmable Logic Control Systems (PLC), Machine Vision Systems, Manufacturing Execution Systems (MES), Human Machine Interface (HMI), Supervisory Control and Data Acquisition (SCADA), Product Lifecycle Management (PLM), Plant Asset Management, Computer Numerical Control (CNC) Routers, and Electronic Control Units (ECU); Industry – Automotive and Transportation, Metals and Mining, Energy and Power System, Chemical, Material, and Food, Measurement and Instrumentation, Environment and Building Technologies, Heavy Industries, Oil and Gas, Pulp and Paper, and Hydro Power) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027”.

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Linear Actuators Market Report: Top Companies, Trends and Future Prospects Details for Business Development

The global linear actuators market is highly fragmented, with the top five players accounting for a less than 20-25% of the market’s overall valuation in 2018, observes a recent report by Transparency Market Research. Investment aimed at the development of technologically advanced product varieties, product innovations to meet the constantly changing demands of different industries, and adherence to high quality standards are some of the key growth strategies adopted by market players in the market. Some of the leading players in the market are Emerson Electric, Co., Rockwell Automation, Inc., Honeywell International, Inc., Parker Hannifin Corporation, and Tsubakimoto Chain, Co.

The global market holds an immense promise of growth in the near future. Transparency Market Research estimates that the market will exhibit a promising CAGR over the period between 2019 and 2027. Of the key product varieties, the segment of electric actuators, which currently accounts for over 25% of the market’s overall revenue, is expected to remain the most promising over the forecast period. Geographically, the U.S. will continue to hold a prominent share in revenue, but the rate of growth of the Mexico market will surpass that of both the U.S. and Canada.

Rise in Industrial Automation to Reinforce Demand for Linear Actuators in North America

• The Global market is chiefly driven by the favorable rise in industrial automation across all industries such as automotive, oil and gas, fluid, and defense in the region. Industrial automation is largely supported by various types of linear actuators, owing to which, the potential future rise in industrial automation is expected to positively impact the growth of the linear actuators market in North America.

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• Additionally, the significant rise in demand for efficient water and wastewater management is also predicted to drive the application of a variety of linearly actuated valves at an exponential rate in the region. With the rising stringency of environment sustenance norms, the focus on water conservation and wastewater management is expected to further strengthen in the region in the next few years. This is expected to emerge as a high-impact factor for the future growth prospects of the Global market.
• Furthermore, the growth region’s aerospace and defense industry, where linear actuators have varied applications, is also expected to aid the demand for a variety of linear actuators in North America in the near future. The impact of this factor on market’s development is presently medium but is expected to be high during the forecast period.
• Further, many market players are launching tool that can help in the purchasing of the linear actuator. For instance, in 2019, Firgelli Automations, a linear actuator system manufacturer announced a calculator for the measurement of force prior to making the buying decision on linear actuator. It will help customer in choosing and purchasing precise linear actuator depending upon the applications.

Decline in Manufacturing and Mining Sectors to Keep Demand in Check

The market is, however, expected to bear the brunt of the recent slowdown in the manufacturing sector in the near future. The manufacturing sector is one of the key consumers of a variety of linear actuators. The slowdown in its operations is indeed a big restraint and could have a sizeable negative impact on the growth of the linear actuators market in North America. The impact of this restraint is presently medium and is expected to further lessen during the forecast period.

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The mining industry in North America is also facing a rough patch owing to decline in demand, lack of financing, and strict regulations regarding a number of environmentally taxing operations. The mining industry being another key consumer of linear actuators, it’s declining growth prospects are expected to have a notable negative effect on the linear actuator market in the region.

This review of the market is based on a recent market research report published by Transparency Market Research, titled “Linear Actuators Market – North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027.”

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Corrugated Boxes Market Growth Drivers, Platforms Type and Geographical Overview 2022

The global corrugated boxes market displays a highly consolidated market landscape, reports Transparency Market Research. It is characterized by the presence of numerous players holding dominance over the market. Prominent players in the market include Pratt Industries, International Paper Co., WestRock Co., and DS Smith Plc. These companies are focusing on foraying the regional markets by strategically acquiring the regional companies. Moreover, they are expanding their reach in the market by setting up new manufacturing units.

According to TMR analysts, the global corrugated boxes is expected to display steady growth rising at a 3.6 %. CAGR during the forecast period which is 2017 to 2022. The market is anticipated to attain the valuation of US$ 115.15 bn by the end of the forecast period.

On the basis of material, the global corrugated boxes market is segmented into recycled fiber and virgin fiber. Among these, the recycled fiber segment leads the market in terms of demand owing to focus on sustainable environment. Favorable regulatory policies are also attributable to the growth of this segment

Based of geography, the global corrugated boxes market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Of them, Asia Pacific shows leading growth in the market during the forecast period. This is mainly due rapid urbanization and an increase in the population.

Packaging plays a significant role in numerous industrial sectors, food and beverages, healthcare and electronics to name a few. This is one of the key factors driving the growth of the global corrugated boxes market. Another factor boosting the market’s growth is the booming e-commerce sector. Corrugated boxes are extensively used to package the goods purchased online.

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Corrugated boxes are highly recyclable and available at low costs. Moreover, governments are promoting the use of these boxes owing to their recyclability. Also, manufacturers are emphasizing on the development of new paper packaging solutions. These factors have impacted the global corrugated boxes market favorably, thus propelling growth.

In addition to the aforementioned drivers, easy availability of resources to manufacture corrugated boxes has helped the market gain momentum. Further, expansion in the food delivery industry and the development of new products has enhanced the growth prospects of the global corrugated boxes market.

On the downside, there are a few restraints that may restrict the growth of the corrugated boxes market. Cumbersome manufacturing process and the high maintenance cost of the machinery required for manufacturing may restrain the market’s growth. Nonetheless, versatility offered by the corrugated boxes allowing the stacking of multiple products along with the ease of use may reduce the effects of the restraints.

Introduction of New Corrugated Materials to Create Growth Avenues

Recently, host of new functional corrugated materials have been introduced, presenting new growth opportunities for the global corrugated boxes market. For instance, chitosan, a corrugated material offering excellent microbial properties is highly beneficial for the food packaging industry. It is derived from chitin, a component in insect shells. Another newly introduced corrugated material is whey protein isolate (WPI). It offers splendid tensile properties and burts strength. 

Moreover, it reduces the water-vapor permeability of the paper and enhances the ink-printability. These materials are highly beneficial in the packaging of fresh produce as they play a key role in reducing the water evaporation from the food products.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Corrugated Boxes Market (Material Source – Virgin Fiber and Recycled Fiber; End User – Food, Beverages, Tobacco, Healthcare, Personal Care & Cosmetics, Homecare & Toiletries, Electronic & Consumer Durables, E-Commerce, and Chemical & Fertilizers; Packaging Form – Primary Packaging and Secondary Packaging; Board Type – Single Wall, Double Wall, and Triple Wall) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.”

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Logistics Market to Witness a Sustainable Growth over 2027

The global logistics market is a highly competitive one, as reported by Transparency Market Research (TMR). The vendors in the global logistics market are expected to adopt several organic as well as inorganic growth strategies in order to gain momentum in the industry. Among these, leveraging the latest technological innovations is a popular scheme amongst logistics market players.

The global logistics market is projected to rise at a 4.5% CAGR over the forecast period 2019 to 2027. The market was estimated to reach a value of US$ 15,273.21 Bn by 2027 according to TMR analysts.

Logistics market has been considerably impacted by the introduction and use of new technologies. Some of new technologies in logistics market are global positioning system (GPS), order entry systems, warehouse management systems, dispatching communication system, the Internet of Things, automated transportation and similar futuristic innovations, and transportation management system (TMS) among others.

Asia Pacific logistics market is expected to grow rapidly over the forecast period. The study shows that, because of the development of the retail sector in e-Commerce, which is currently driving the logistics market, the worldwide logistics industry is expanding rapidly. A comparable trend is expected during the forecast period.

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E-commerce plays very crucial role in offering freight customers new options to support their economic growth. E-commerce is anticipated to persist as the major driver of growth in the transportation industry. According to, FedEx CEO, Henry Maier, owing to e-commerce logistics, the shipments and sales went up by more than a 100%. The prolonged growth through e-commerce will be significant for all freight and retail companies.

Rising internet-based retailing is boosting the growth of the logistics market. Exponentially proliferating online shopping across global market is behaving as major driver of the logistic market. Moreover, hassle free shopping and home delivery options are supporting the market currently. Further, short time consignment delivery, after sales support and services are fueling the internet retail market. Knowing the fact, online retailer should provide good logistics services to form and maintain good and satisfactory relationships with the customers. The growth in internet retail market is thus driving the logistics market at present and similar trend is anticipated to be witnessed over the forecast period.

Outsourcing to be Key Market Trend

Growing usage of logistics services outsourced in the region has led to market growth. Growing imports and exports, together with the enormous demand for logistics services, are driving producers to trade worldwide as a result of economic growth and urbanization. The logistics infrastructure is improved to satisfy the requirement of additional logistics characteristics using the IT to ensure smooth data flows from one source to the next. This factor augments demand in the global logistics market to a great extent.

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Automation Will Changing the Logistics Industry

Adoption of autorotation and robotic delivery system across warehousing is very common these days. Robots are preferred for flawless and efficient loading, unloading, and delivery for the materials or finished goods. Robots implementations has witnessed increased output. Knowing the facts, companies are investing in such industrial robots. For instance, Amazon has introduced Kiva robots. Besides material and goods handling, robots are also helping companies packaging and transportation of items and supporting enterprises to automate the processes and enhance the business operations.

In the current market, over 80% of warehouses are manually operated. Warehouse robotic automation is expected to create great opportunity in near future. Thus the global logistics market is expected to witness significant revenue opportunity in near future. Leading players in the logistics market are J.B. Hunt Transport Services, Ceva Holdings LLC, Expeditors International of Washington Inc., C.H. Robinson Worldwide, Inc., and Americold Logistics, among others.

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Chatbot Market – Company Overview, Company Insights, Product Benchmarking and SWOT Analysis

Transparency Market Research (www.transparencymarketresearch.com) has released a new market report entitled ” Chatbot Market [Platform – Web-based, Mobile and Standalone; Enterprise Size – Small and Medium Enterprises and Large Enterprises] – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 – 2027,” According to this report, the Global Chatbot Market revenue stood at US$ 274.5 Mn in 2019 and is expected to reach US$ 2,358.2 Mn by 2027, at a CAGR of 31.8% during the forecast period from 2020 to 2027.

The global chatbot Market has been segmented on the basis of platform including web-based, mobile and standalone. The mobile segment held the major revenue share in 2019. This is primarily due to end-user preference for mobile apps. The key idea behind chatbot platform that customer able to interact without downloading a particular app. for communication.

The chatbot is used by enterprises for marketing products or services and customer service. The marketers use chatbot for visitor engagement, site feedback, guidance and negotiation. Wide-ranging usage of messaging apps and platforms drive the demand for innovation and development in messaging apps, and offers a context for consumer interaction and engagement. Chatbot also provides an opportunity for start-up vendors to grow business by using chatbot apps for interaction with customer and marketing products and services.

Some of the emerging trend such as enhanced customer intelligence/engagement using AI based chatbot and increasing usage of chatbot by business to provide information and services using messaging bots is anticipated to drive the chatbot market growth over the forecast period. The chatbot market is also segmented based on enterprise size into small & medium enterprise and large enterprise. Of these, the small & medium enterprise segment of chatbot market is expected to dominate the market, during the forecast period.

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Due to adoption of chatbot to increase customer engagement. For small & medium enterprises, chatbot is useful for engaging their customers over conversational messaging channels. In 2019, large enterprise held major revenue share in the global chatbot market with adoption driven by demand for chatbot for automation process in business.

New user interface models for chatbot are based on user interface (UI) constructs and conversations that need new forms of analytics and monitoring. For instance, a chatbot analytics platform should be able to track the sentences developed in current user interactions, analyze concepts and sentiments, and determine error processing rates. In North America, the U.S. is expected to dominate the chatbot market. This is primarily due to the strong penetration of chatbot app and presence of chatbot vendors in the region. The chatbot technology providers are also known as tools providers. They provide an integrated development environment and SDKs to build chatbot.

Asia Pacific region is estimated to dominate the global chatbot market. This is owing to rising penetration of smartphone devices and increasing adoption of messaging platforms such as Line, WeChat, Facebook Messenger, Allo, Apple Siri, slack, haptik and WhatsApp. There is an opportunity for startup vendors in chatbot market. However, in current scenario, some of the leading players dominate the market.

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Furthermore, several companies are working on standalone chatbot such as toys, robots and speakers. Some of the company such as Facebook Inc. and Microsoft Corporation has integrated chatbot into its messenger app for marketing, reform customer service and increase customer engagement. Chatbot market is highly competitive owing to the presence of large and small players.

Some of the key industry players profiled in the study include Astute Solutions, Facebook, Inc., Google, Inc., Haptik, Inc., Helpshift, Imperson Ltd., Kasisto Inc., Kiwi, Inc., Microsoft Corporation, Pandorabots, Inc., Slack Technologies, Inc. ToyTalk (PullString Inc.) and Yahoo Inc.

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Footwear Market Revenue, Emerging-Trends, Business-Strategy Till 2027

Transparency Market Research has published report on the global footwear market. The market is expected to grow at a pace of 3.0% growth rate during the forecast period of 2019 to 2027. With this steady rate of growth the valuation of the market will jump from US$ 235711 Mn in 2018 to US$ 307549.5 Mn by 2027. Based on the type of footwear, non-athletic footwear segment has been a dominant one in the global footwear market.

Prominent manufacturing companies are anticipated to face healthy competition during the forecast period. Some of the leading companies in the market have had significant share in the market. A few global brands in the footwear market include names such as Nike Inc., Adidas AG, Bata Limited, Puma SE, Asics Corp., Jack Wolfskin, The Aldo Group Inc., VF Corp, Kathmandu Holdings Limited, Columbia Sportswear Company, Sympatex Technologies, and WL Gore & Associates Inc. among others.

Companies are opting for mergers and acquisitions, and joint ventures with local players to expand their product portfolio. Producers in developing countries are focusing on reducing their cost of production and increase profitability for the sustainable growth of their business.

Asia Pacific is considered the biggest market for footwear

On the basis of region, the global footwear market is divided into five key regions viz. North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Asia Pacific dominates the global footwear market. Increasing spending power, urbanization, and influence of latest fashion trends are some of the key reasons behind the growth of the footwear market in the Asia Pacific region.

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Moreover, the presence of two massively populated countries in India and China have opened up a huge market spaces for the leading players to tap into. Manufacturers and distributors are advertising their products on various mode of communications like television, print media and various other social-media platforms etc.

On the basis of distribution channel, the market has been classified into online channels, supermarkets and hypermarkets, independent retail stores, shoe stores, independent retail stores, textile retailers, and departmental stores. In the year 2018, online channels, independent retail stores, and supermarkets and hypermarkets collectively holds majority of the market in terms of value.

On the basis of end-use, the footwear market is divided into men’s footwear, women’s footwear, and kid’s footwear. Women’s footwear has been making significant contribution in the global footwear market. Women are frequent buyers of footwear from hypermarket, supermarkets, and specialty stores and also through e-commerce websites. Manufacturing companies are also spending on innovation of new designs of footwear to rise the penetration of women footwear in the forecasted timeline.

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Prominent companies operating in the global footwear market are

• Adidas AG
• Nike Inc.
• New Balance Inc.
• Puma SE
• Asics Corp.
• Bata Limited
• Deichmann SE
• Skechers USA Inc.
• VF Corp.
• W.L. Gore & Associates Inc.

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Video Conferencing Market to Witness a Sustainable Growth over 2030

Video conferencing refers to conducting a conference using telecommunication technologies to enable real-time two-way transmission of audio and video. Increasing globalization is encouraging most organizations to shift to conference meetings to enable faster decisions and reduce traveling hassles. In the corporate enterprise sector, video conferencing is predominantly used to enable effective real-time communication over long distances at minimal cost and time, and enhance productivity between teams based in different locations worldwide. Additionally, it saves travel expenses and addresses customer queries. The global video conferencing market is anticipated to expand at a CAGR of ~9% during the forecast period, and was valued at approximately ~US$ 6 Bn in 2019.

Key Drivers of Video Conferencing Market

The video conferencing market is witnessing noticeable growth, owing to the rising adoption of cloud-based video conferencing solutions globally. Increasing prominence of cloud-based video conferencing services has led to the implementation of better encryption and password protection solutions for cloud-based video conferencing systems across the world. Furthermore, growing use of cloud-based solutions and emergence of the 3D technology in video conferencing solutions is also a major factor, which is accelerating demand for this solution globally. According to a report by American Telemedicine Association, more than 200 academic medical centers in the U.S. already offer video-based consulting to clients in other parts of the world.

Video conferencing is a major technology tool used by enterprises to enhance collaboration. Additionally, organizations across the world are increasingly focusing on curtailing costs related to their means of communication in order to extend their reach globally. This has created immense opportunities for the video conferencing market, thereby leading to development of advanced conferencing solutions and services. Furthermore, the rising need to reduce operating costs has led to a recent shift from traditional immersive telepresence systems to software solutions in the video conferencing market. Enterprises across the world seek to deploy cheaper and scalable cloud-based video conferencing solutions to lower the total cost of ownership (TCO).

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Managing business in the global context and increasing adoption of video conferencing solutions by small and medium enterprises (SMEs) are the key factors driving the growth of the video conferencing market globally. Cloud-based video conferencing services offer higher availability and accessibility to end-users, as the infrastructure is managed and maintained at the service provider’s site. Moreover, the rising trend of a mobile workforce and Bring Your Own Device (BYOD) has led to widespread adoption of cloud-based video conferencing services. At present, on-premise holds major market revenue share, whereas cloud based video conferencing is expected to see higher CAGR during the forecast period. Verticals such as healthcare and government & defense are expected to register strong growth in the coming years due to digitization in governance and increasing impact of COVID-19 on different industries.

Key Players in Video Conferencing Market

The global video conferencing market comprises of large as well as mid-sized video conferencing system manufacturers and suppliers. Companies such as Cisco Systems, Inc., Polycom Inc. and Huawei Technologies Co., Ltd., have been able to establish a strong presence in various countries across the world. Vendors present in the video conferencing market are currently focusing on introducing advanced software and integrating new capabilities within the software to enable video conferencing across company boundaries, and meet the need to manage video delivery and quality. Moreover, video conferencing solution providers are aggressively developing innovative products that match customers’ expectations for enhanced features and integrated capability over connected devices. Currently, the market is growing and leading players are continuously focusing on acquisition of local players in order to broaden their geographical reach.

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Some significant players engaged in the video conferencing market include Adobe Systems Incorporated., Atlassian Corporation Plc., Cisco Systems, Inc., Fuze, Inc., Huawei Technologies Co., Ltd., JOYCE CR, S.R.O., Logitech International S.A., LogMeIn, Inc., Microsoft Corporation, Orange Business Services, Polycom, Inc., Vidyo, Inc., Visual Systems Group, Inc. (VSGi), West Corporation, and ZTE Corporation.

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