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 Composite Sandwich Panels Market.

It was estimated prior to this unanticipated outbreak that the Composite Sandwich Panels Market was expected to reach US$ 2.4 billion in 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Sandwich composite panel is a structure that is made up of two thin laminate outer skins bonded to a lightweight thick core structure. These panels are majorly used in applications where a combination of high structural rigidity and low weight is required. Carbon fiber and glass fiber prepregs are commonly used as skin materials, whereas foam, aluminum honeycomb, nomex honeycomb, and balsa are commonly used core materials. The lightweight core resists the shear forces and provides insulation, whereas the two face skins provide durability, weather, and impact resistance, and resist in-plane forces of tension and compression.

Composite sandwich panels are widely used in the aircraft industry in galleys, floors, interior panels, sidewalls, partitions, control surfaces, and overhead stowage bins. These panels are also successful in finding applications in other markets including building & construction, mass transportation, and marine. Floors, sidewalls, and other interior panels are the major applications in trains, whereas external cladding, access loads, insulated thermal envelops, ceiling panels, wall partitions, and fire-resisting compartment walls are in the building & construction industry. Interior bulkheads, decking, covers, and cabinetry are in powerboats and yachts.

The outbreak of COVID-19 has severely impacted all the industries across the world. The aerospace & defense industry is projected to be among one of the worst-affected industries due to the pandemic. The aerospace industry was already enduring great loss due to the grounding of Boeing’s B737 MAX, whose impact was quite visible onto the demand for composite sandwich panels in 2019. The outbreak of the pandemic resulted in a significant reduction in passenger traffic with a huge plunge in revenue of airlines, aircraft OEMs, and tier players. Marine (recreational boats and yachts) and building & construction are the other two major markets that are also recording a huge plunge in demand in 2020.

The sandwich composite panel market is segmented based on the product type as glass fiber composites and carbon fiber composites. Glass fiber composite is expected to remain the dominant material type in the market during the forecast period. Good mechanical properties, dimensional stability, electrical resistivity, and low cost are the key factors driving glass fiber composite sandwich panels in a wide array of applications. Carbon fiber composite is expected to be a rapidly growing market. Carbon fibers offer exceptional properties but at a higher cost and are gaining share where weight reduction and high performance are critically required.

Based on the end-use industry type, the market is segmented as aerospace & defense, building & construction, transportation, marine, and others.  Aerospace & defense is expected to remain the biggest demand generator of sandwich panels in the foreseen future. Aircraft interiors are the major users of composite sandwich panels. Large commercial and regional aircraft fleet size, expected rebound in commercial aircraft production, entry of new or variants of the existing aircraft programs (C919, MC-21, B777x, etc.), and increasing penetration of composite panels are driving forces of the market in the industry.

The market is registering significant changes in regional dynamics in pre-COVID and post-COVID scenarios. All regions to mark significant declines in sandwich composite panel sales in 2020; however, North America is estimated to be the worst-hit region due to the pandemic, in terms of both, value as well as volume. Despite severely hit from COVID-19, the USA is projected to remain the largest market for composite sandwich panels during the forecast period. The USA has one of the largest fleets of commercial aircraft in the world and is a manufacturing hub of the aircraft industry, along with the presence of key sandwich composite panel manufacturers.

Europe and Asia-Pacific are the other major markets and are also likely to experience hefty declines in the demand for composite sandwich panels in 2020. The Asia-Pacific’s market is anticipated to witness the least decline in the demand for composite sandwich panels and is expected to recover at the fastest pace compared to other regions. In Europe, Germany, France, and the UK are the key markets, registering a significant decline in demand in 2020; with the UK’s market suffering the most from the pandemic.

Key Players:

The supply chain of this market comprises raw material suppliers, Prepreggers, core material suppliers, panel manufacturers, tier players, OEMs, airlines, aircraft leasing companies, and MRO companies. The key players in the composite sandwich panels market are Safran S.A., Collins aerospace Systems, The Gill Corporation, Diehl Aviation, Euro Composites S.A., JAMCO Corporation, Triumph Group, 3A Composites, The Yokohama Rubber Co., Ltd., and AIM Altitude. All the major sandwich composite panel suppliers have different growth strategies based on their synergies, product portfolio, market reach, geographical presence, and market positioning. However, a high level of integration, new product developments, and strategic alliances are some of the key strategies adopted by major players to gain a competitive edge in the market.

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 Laboratory Temperature Control Units Market.

It was estimated prior to this unanticipated outbreak that the Laboratory Temperature Control Units Market will reach CAGR of 5.1 % during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Laboratory Temperature Control Units Market Insights

Laboratory Temperature Control Units Market is likely to witness an impressive CAGR of 5.1% during the forecast period. The COVID-19 impact is playing a crucial role in driving the growth of the laboratory temperature control units’ market, as various manufacturers operating in the laboratory temperature control units are introducing innovative solutions with the intention of providing better as well as more effective patient care. For example, Huber’s temperature control technology is being widely used to produce protective equipment and medical devices, for material & functional tests, and for quality assurance. Likewise, Huber’s temperature control units accounted for a major contribution to the production facilities of chemistry and research laboratories along with the medical and pharmaceutical technology.  

Market Share Analysis

Laboratory Temperature Control Units Market Share: By Product Type

Based on the product type, the market is segmented as laboratory temperature controllers, laboratory thermostats, laboratory chillers, laboratory circulators, and others. Laboratory chillers are air-cooled or water-cooled and are widely used in laboratories and medical research institutions for different kinds of applications including the blood cooling system and radiation therapy machines among others that anchor the progress of the market. Also, for the accuracy of temperature controlling, chillers used in laboratories can be customized to achieve the target of meeting the exact specifications as well as requirements that eventually bolster the growth of the overall market.

Furthermore, various types of laboratory temperature control units are used in scientific research centers and universities on regular basis, which further ensure reliable results in laboratory procedures when used as a quality lab equipment. Moreover, these laboratories are well equipped with laboratory chillers and laboratory thermostats that secure the overall growth of the market. On the other hand, the shortage of skilled healthcare professionals in both of the developing and underdeveloped economies can hamper the growth and development of the laboratory temperature control unit industry during the forecast period.

Laboratory Temperature Control Units Market Share: By Modality Type

Based on the modality type, the laboratory temperature control units market is segmented as standalone/benchtop and portable/handheld. The standalone/benchtop segment accounted for the larger share of the market in the year 2019. A standalone device can perform its function and complete the task without being needy for any other device or connection. Furthermore, the growing demand for standalone equipment in laboratories offer various profitable features including stability that would be able to boost the expansion of the market during the forecast period. Also, various manufacturers operating in this industry offer several standalone devices that are being widely utilized in the laboratories, fueling the overall growth of the segment in the market.

Laboratory Temperature Control Units Market Share: By End-Use Type

Based on the end-use type, the market is segmented as hospitals, pharma & biotech industry, chemical industry, food & beverage industry, and others. The hospital segment held more than 20% share of the revenue in 2019, and is expected to witness a significant growth rate during the forecast period. Factors such as growing number of patient samples which require critical diagnosis in hospitals coupled with the accessibility of sophisticated healthcare infrastructure, increase in incidents causing various diseases are likely to fuel the demand for laboratory temperature control units in hospital settings of the market during the forecast period.

Laboratory Temperature Control Units Market Share: By Region

In terms of regions, Asia-Pacific is estimated to witness the highest growth during the forecast period, with China and Japan being the major countries with increase in R&D activities’ investment for introducing innovative laboratory equipment along with the increasing healthcare expenditure. The presence of key players of the industry coupled with surging healthcare facilities in China along with the rise in awareness and support from the government sector for better and improved R&D facilities is expected to ramp up the growth of the regional market during the forecast period. Europe and North-America are also expected to offer substantial growth opportunities during the forecast period.

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 Composite Rollers Market.

It was estimated prior to this unanticipated outbreak that the Composite Rollers Market was expected to grow at a 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.

Composite rollers are lightweight alternatives of metal-based rollers which offer up to 60% weight saving over metal rollers. Moreover, they provide lower maintenance requirement, longer operational life, reduced power requirements, lower noise emission, improved productivity, and reduced downtime. These rollers are used in conveyor in industries such as pulp & paper, mining, textile, film & foil processing, and other industries due to their aforementioned advantages.

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 fiber type, the market is segmented as glass fiber, carbon fiber, and others. Carbon fiber-based composite roller accounts for the largest share as it offers maximum strength and performance while keeping the weight at lower side.

Based on the resin type, the market is segmented as thermoset and thermoplastic. Thermoplastic dominated the market in 2019, and is expected to remain dominant during the forecast period. It provides good corrosion resistance, chemical resistance, and dimensional stability. Nylon, HDPE, and others are the major thermoplastic resins used in composite roller manufacturing.

Based on the end-use industry type, the composite rollers market is segmented as mining, pulp & paper, textile, film & foil processing, and others. Pulp & paper is expected to dominate the market during the forecast period. Composite rollers are increasingly being used as printing rollers and guide rollers as they provide excellent resistance to corrosion, chemical, temperature and wear & tear.

In terms of regions, Asia-Pacific is estimated to remain the largest market during the forecast period driven by the booming end-use industries including packaging, pulp & paper, and mining. The adoption of composite rollers is increasing in this region due to their prolonged life cycle, lower maintenance cost, and lower weight.  China and India are the major growth engines of the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

Some of the major composite roller manufacturers are Lorbrand Composites, NEPEAN Conveyors, Pronexos, Double E Company LLC, Artur Küpper GmbH & Co. KG, Flexible Steel Lacing Company, Katsura Roller Manufacturing Corporation Limited, Conveyor Products & Solutions, Beijing HaoSheng Transmission Technology Co., Ltd, and Amalga Composites Inc., and others.

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 Ski and Wake Boat Market.

It was estimated prior to this unanticipated outbreak that the Ski and Wake Boat Market will reach US$ 1.94 billion in 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Ski and Wake Boat Market Insights

The performance of recreational boating industry is highly dependent upon the performance of the USA’s market, as the country is the largest demand generator of recreational boats globally. The recreational boat market has been marking positive growth since 2010 and is anticipated to cross the peak figure of 2008 very soon. Major players are resorting to inorganic growth strategies in order to position themselves better in the market, which, in turn, is leading to a greater market concentration.

The global ski and wake boat market size is projected to grow at a healthy rate over the next five years to reach US$ 1.94 billion in 2024. Increasing number of participants in outdoor activities, growing new powerboat sales, increasing HNWI population, and increased affordability of recreational boats are major growth propellers of the ski and wake boat market.

Ski and Wake Boat Market Share Analysis

Insights by Boat Type

The market is segmented based on boat type as wakeboard boat, wakesurf boat, and ski boat. Wakeboard boat is expected to remain the growth engine of the market during the forecast period. Decrease in fuel prices, attractive boat layout, and new designs of boats are the key factors propelling the demand for wakeboard boats in the industry. 

Insights by Type of Hull Material

Based on the hull material type, the market is segmented as fiberglass boats and aluminum boats. Fiberglass boat is likely to remain the larger and the faster-growing segment of the market in the coming five years. The demand for fiberglass boat type is largely driven by the materials’ excellent properties such as excellent strength-to-weight ratio, incombustibility, high electrical insulating property, and low susceptibility to moisture.

Regional Insights

Based on regions, North America is expected to remain the largest ski and wake boat market during the forecast period with the USA being the growth engine. The country is expected to maintain its supremacy not only in the North American market, but also in the global market as well. All major recreational boat manufacturers have a widespread presence in all the major markets in the USA in order to better penetrate the market. Europe also holds a considerable share in the market with France, Germany, and the UK being the key demand generators in the region. Asia-Pacific is a relatively small market, but will exhibit excellent growth rate in years to come, largely driven by New Zealand, Australia, and China. 

This new report from Stratview Research analyses the Aviation Analytics 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.

Aviation Analytics Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aviation Analytics Market is no different. Derived from the previous market scenario, the Aviation Analytics Market is likely to witness an impressive CAGR of 15.2% 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

Aviation Analytics Market Share: By Application Type

Based on the application type, the market is segmented as fuel management, flight risk management, revenue management, customer analytics, navigation services, inventory management, and others. The customer analytics subsegment is estimated to register the fastest growth during the forecast period.  

Aviation Analytics Market Share: By Business Function Type

Based on the business function type, the market is segmented as finance, operations, supply chain, maintenance & repair, sales & marketing, and others. The finance sub-segment leads the market and is expected to maintain its dominance during the forecast period. However, the sales & marketing segment is estimated to depict the highest growth in the coming five years.

Aviation Analytics Market Share: By End-User Type

Based on the end-user type, the market is segmented as airlines, airports, and others. The airline sub-segment is expected to portray the highest growth during the forecast period. The growth is owing to the fact that with the support of big data mining and architecture, the airline companies can arrive at an in-depth competitive analysis, which helps the companies to develop business models, such as safety & security risk modelling, engineering & maintenance optimization, demand modelling & forecasting among others.   

Aviation Analytics Market Share: By Region

In terms of regions, the APAC region is estimated to witness the highest growth in the aviation analytics market, during the forecast period. The region has been witnessing robust growth in aviation industry over the past few years, chiefly driven by improvement in functional efficiency, rising consumer expectations, and the mounting pressure of reducing costs across regions. This growth can also be attributed to the growing middle-class population coupled with upsurge in trade and tourism in emerging countries, such as India and China. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.