Veterinary Vaccines Market to Grow at a Robust Pace During 2021-2026

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aluminum Flat Products Market.

It was estimated prior to this unanticipated outbreak that the Aluminum Flat Products Market was expected to grow an impressive CAGR of 5.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Major factors such as increasing trends towards lightweight electric vehicles for performance advantages and decreasing greenhouse emission, growing demand in construction due to its maintenance free and corrosion resistive features, and many initiatives taken by the government, such as plastic recycling, imposing rules and regulations to cause deficiency of plastic waste generation attributed to the rising awareness regarding plastic pollution and its adverse effects on the environment are expected to fuel the growth of the market during the forecast period.

Aluminum flat products are basically made from flat rolling processing technique which converts an aluminum slab into a thin product or plate. These products are highly utilized for various purposes such as manufacturing of cans, automobile bodies, and equipment & machinery driving the growth of the aluminum flat products market.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the product type, the market is segmented as flat bars, foil stock, fin stock, sheets, plates, circles, and others. Foil stock is estimated to witness significant growth rate in the market during the forecast period, attributed to the growing consumer preference toward convenient & lightweight packaging, safe packaging of products accompanied by increasing shelf life. These foil stocks are also used in the pharmaceutical industry because of their insulation properties as they provide resistance to light, oxygen, and moisture, protecting the drugs from any kind of contamination and deterioration, offering higher security to patients which is eventually fueling the aluminum flat products market.

Based on the end-use type, the market is segmented as building & infrastructure, automotive & transportation, consumer goods, equipment & machinery, electrical & electronics, packaging, and others. Aluminum flat products are lightweight in nature which provides better fuel efficiency as less energy is required for moving the vehicle owing to which, its usage in the automotive & transportation industry is estimated to increase in the coming years. Factors such as growing demand for public transport such as metro trains, buses, bullet trains, and other industrial transportation vehicles using these products so as to increase its efficiency, and the utilization of aluminum sheets in fuel tanks which prevents corrosion and chemical reaction with external materials are expected to accelerate the growth of the aluminum flat products market during the forecast period.

In terms of regions, Europe is estimated to register a high growth rate during the forecast period, attributed to the growing penetration of electric vehicles so as to decrease the emission of greenhouse gas and to contribute towards climate change in the regional market. The lightweight nature of aluminum gives advantage of reducing both of the manufacturing and operational cost of electric vehicles as lighter the car, lesser the need for batteries and power for traveling the same distance. This factor is one of the reasons for shifting of automobile manufacturers from steel to aluminum flat products for battery enclosures, fueling the growth of the market in the upcoming years. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the key players in the aluminum flat products market are-

• Alcoa Corporation
• Aleris Corporation
• Arconic
• Constellium
• Hindalco Industries Limited
• JW Aluminum
• Maharashtra Metal
• Norsk Hydro
• Novelis
• UACJ Corporation

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Spectacle Market. 

It was estimated prior to this unanticipated outbreak Spectacle Market will reach CAGR of 2.1% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Spectacle Market Insights

Spectacle market to witness a CAGR of 2.1% during the forecast period. The growing demand for spectacle is mainly due to the high predominance of vision-related issues among the youthful age due to extensive usage of smartphones, televisions, computers, and other digital devices.

Market Share Analysis

Spectacle Market Share: By Parts Type

Based on the parts type, the market is segmented as frames and lens. The lens segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The growth of the segment can be attributed due to the rising concerns in the eyesight of every age group on account of extensive usage of electronic devices and increasing age. In addition, the demand for single vision, bifocal, and trifocal is increasing because of these reasons.

Spectacle Market Share: By Distribution Channel Type

Based on the distribution channel type, the market is segmented as offline and online. The offline segment is expected to remain dominant during the forecast period due to personal assistance, customization, and convenience to the consumers in physical stores such as optical shop or specialty stores. Further, they provide easy repair and exchange services to customers.

Spectacle Market Share: By Region

In terms of regions, North America is estimated to be the largest market for spectacles during the forecast period, with the USA, Canada, and Mexico being the major countries offering substantial growth opportunities. The growth of the region’s market is owing to the increasing aged population and their concerns regarding eyesight.

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Riding Boots Market. 

It was estimated prior to this unanticipated outbreak Riding Boots Market will reach CAGR of 5.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Riding Boots Market Insights

Riding boots market is likely to witness a healthy CAGR of 5.8% during the forecast period. The growing demand for riding boots is mainly due to increasing professional motorcycle riders and increasing safety concerns.

Market Share Analysis

Riding Boots Market Share: By Product Type

Based on the product type, the market is segmented as sport & race boots, cruising & touring boots, and adventure & dual sport boots. The sport & race boots segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Riding boots are majorly made of composites material, plastic, leather, and metal. The composites material offers huge benefits such as lightweight, comfort, and safety, and these benefits are highly preferred by sports personnel.

Riding Boots Market Share: By Distribution Channel Type

Based on the distribution channel type, the riding boots market is segmented as offline and online. The offline segment leads the market and the online channel segment is estimated to be fastest growing in the coming years, owing to increase in preference of protective gears in various developing countries.

Riding Boots Market Share: By Region

In terms of regions, Europe is estimated to be the largest and Asia-Pacific to be the fastest-growing riding boots market during the forecast period, with Germany, France, and the UK being the major countries and the presence of large number of sports bike manufacturers such as Aprilia, Benelli, Cagiva and Ducati.

This new report from Stratview Research analyses the Aerospace Robotics Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Aerospace Robotics Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aerospace Robotics Market is no different. Derived from the previous market scenario, the Aerospace Robotics Market is likely to witness an impressive CAGR of 17.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.

The following are the key features of the report:

• • Strategic segmentation
  • Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Detailed Competitive Rivalry landscaping
  • Market trend and forecast analysis
  • Future Growth Boulevards  

Market Share Analysis

Aerospace Robotics Market Share: By Type

Based on the type, the market is segmented as articulated, cylindrical, scara, cartesian, and others. The articulated type segment is estimated to register the highest growth during the forecast period. The growth is attributed to the fact that articulated robots are preferred in most aircraft manufacturing processes, owing to their precision and high flexibility.

Aerospace Robotics Market Share: By Component Type

Based on the component type, the market is segmented as controller, sensors, drive, arm processor, and end effector. The controller segment was the largest component segment in 2018, and is also estimated to remain the largest segment in the coming five years. The unprecedented rise in aircraft deliveries is likely to underpin the market, which will consequently translate into healthy growth of the segment.

Aerospace Robotics Market Share: By Technology Type

Based on the technology type, the market is segmented as traditional and collaborative. The collaborative segment is expected to depict a higher growth during the forecast period, owing to the gradual adoption of collaborative robots by the aerospace industry, marked by their ability to work alongside humans.  

Aerospace Robotics Market Share: By Region

In terms of regions, North America accounted for the largest share of the aerospace robotics market in 2018, and is likely to continue its dominance during the forecast period. The market is driven by the regional presence of major aircraft manufacturers and aircraft part manufacturers along with the growing demand for commercial aircraft, which is compelling aircraft manufacturers to opt for robots and industrial automation to enhance their monthly production. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period. 

Some of the major players in the aerospace robotics market are-

• ABB Group
• Electroimpact Inc.
• Fanuc Corporation
• Gudel AG
• Industrial Designs M. Torres
• Sau
• Kuka AG
• Kawasaki Heavy Industries, Ltd.
• Oliver Crispin Robotics Limited.
• Universal Robots A/S.

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Carbon Fiber Prepreg Market.

It was estimated prior to this unanticipated outbreak that the Carbon Fiber Prepreg Market was expected to reach an estimated value of US$ 4.9 billion in 2026. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Carbon fiber prepreg is pre-pegged with catalyzed resins, such as epoxy, BMI, PPS, and PEEK. Carbon fiber prepregs offer excellent performance over other fiber prepregs with numerous advantages such as excellent weight reduction, high strength-to-weight ratio, high tensile and compressive strength, low coefficient of thermal expansion, and high fatigue resistance. Escalating demand for lightweight materials from key industries, such as aerospace & defense and automotive, owing to rapidly changing market dynamics with increased demand for lightweight and durable materials is likely to create new revenue pockets for prepreggers in this product category.

Despite several setbacks in the aerospace and automotive industries in 2019, the prepreg market participants somehow efficacious in maintaining their growth trajectory in the year. The outbreak of the pandemic was initially anticipated as a viable hitch, later transformed into an obstruction for survival for many stakeholders of almost all the end-use industries with aerospace and automotive proving to be its biggest victims.

The carbon fiber prepreg market is expected to mark a massive decline in 2020. The short-term impact on the market is evident in major players’ H1 2020 results with a massive plunge in revenue, huge loss, employee layoffs, cash-burnouts, production halt, etc. Nevertheless, the long-term outlook still seems hopeful with a gradual rebound in aircraft and automobile production, ultimately imprinting a positive impact on the market. Carbon prepreg accounts for more than a mammoth 80% of the total prepreg market.

Based on the end-use industry type, Stratview research has segmented the market as aerospace & defense, automotive, wind energy, consumer goods, and others. Despite the current glum scenario, the aerospace & defense is expected to push through, maintaining its dominance in the market till 2026. On the other side, the automotive industry is expected to turn the corner, healing at the fastest pace during the forecast period. Unabating demand for fuel-efficient vehicles, owing to rising concerns over the environmental pollution and an expected ramp-up in composite penetration in newer aircraft programs are likely to catapult the carbon fiber prepreg demand in the years to come.

Based on the product type, we have classified the market as epoxy prepreg, BMI prepreg, cyanate ester prepreg, phenolic prepreg, PPS prepreg, PEEK prepreg, polyimide prepreg, and other prepregs. Epoxy prepreg is likely to hold the throne in the market till 2026, whereas BMI prepreg is expected to heal at the fastest rate post the pandemic. Carbon fiber prepregs are generally used with epoxy resin systems for several crucial applications such as aircraft fuselage, wings, control surfaces, engine & nacelles, fan blades, and interiors.

All regions are expected to suffer from an enormous decline in 2020. In spite of the grave downturn, North America is projected to remain the largest market during the forecast period. The region’s dominance is attributed to several factors including a robust supply chain and presence of major tier players, OEMs, and Prepreggers. Aerospace & Defense is estimated to remain the biggest demand generator for carbon fiber prepreg in the region’s market.

Asia-Pacific is anticipated to log the quickest recovery in the market during the forecast period. The upcoming commercial aircraft program (C919), the opening of assembly plants in China by Boeing and Airbus, and an ongoing shift in assembly plants of automotive OEMs in the region from North America and Europe are likely to create healthy long-term demand for carbon fiber prepreg in the region.

Key Players:

The supply chain of this market comprises raw material suppliers, carbon fiber prepreg manufacturers, distributors, composite part fabricators, OEMs, and MRO companies. The key carbon fiber prepreg manufacturers include Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and Composites Inc., Solvay SA, Teijin Limited, Gurit Holding, Park Electrochemical, and Toray Industries, Inc. The formation of long-term contracts, application development, and development of innovative products are some of the key strategies adopted by the major players in order to gain a competitive edge in the market. The prevalent COVID-19 crisis has pushed leading players to realign their strategies to adapt to the need of the hour.