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Servo Press Market Trends, Share, Growth Analysis by 2030

According to a new report published by Allied Market Research, titled, “Servo Press market by type, capacity, and end user industry: global opportunity analysis and industry forecast, 2021–2030,” The global servo press market size was valued at 667.8 million in 2020, and is projected to reach $1,068.3 million by 2030, registering a CAGR of 4.8% from 2021 to 2030.

𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙎𝙘𝙤𝙤𝙥 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚:- https://www.alliedmarketresearch.com/request-sample/15847

Crank and screw are two commonly used types of servo presses. Among these, the screw segment accounts for the largest market size by value in 2020, owing to increase in demand from automotive and electronics manufacturing industry. Like mechanical servo presses, this type of servo press is famous for its full speed and stronger force that can be delivered at any desired location. Extrusion applications that need fast motions at the end of the cycle or longer process strokes are better suited for the servo screw press machine. To enhance the manufacturing cycle, several firms are concentrating on developing innovative screw press machines that can vary the pressing speed and press loads. Promess Incorporated, for example, released FlexIQ for high mix assembly solutions in August 2021, which provides precise screw pressing and iterated servo drive, force, and position detection. Such considerations have a beneficial influence on the market for screw type servo presses.

In 2020, Asia-Pacific dominated the global servo press market, in terms of revenue, accounting for around 45.9% share of the global market, followed by North America and Europe. Moreover, the market in Asia-Pacific is growing with high CAGR, owing to urbanization and economic development in developing countries.

Moreover, increase in demand for efficient and precise metal forming machines and rapid growth of automotive industry drives the servo press market growth. In addition, increase in use of electrical and electronic products fueled by increasing per capita income in emerging economies propels demand for servo presses.

Furthermore, on the basis of end-user industry the automotive segment has dominated the servo press market in 2020, with a CAGR of 3.9% during the forecast period, owing to growth of automotive industry in emerging economies.

For instance, according to India Brand Equity Foundation, the Indian Government is anticipating local and foreign investments around $8-10 billion in the automotive sector by 2023. And the Indian automotive industry is expected to reach US$ 251.4-282.8 billion by 2026.

However, during the pandemic lockdown, various manufacturers in the Servo press had to stop their business countries such as China, the U.S., and India. This break directly impacted sales of servo press companies. In addition, lack of manpower and raw materials also constricted supply of equipment of servo presses has negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of servo press companies.

The key players profiled in the Servo press industry report include Amino Corporation, Hitachi Zosen Fukui Corporation, ISGEC Heavy Engineering Ltd., Japan Automatic Machine Co., Ltd., Komatsu Ltd., Nidec-Shimpo Corporation, Promess Incorporated, Schuler AG., SIMPAC Corp. and Tox Pressotechnik GmbH & Co. KG

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁

A recent study conducted by AMR projects that the global servo press market is expected to reach $1.9 billion by 2025, at a CAGR of 5.4%. The report attributes this growth to several factors, such as the increasing demand for high-precision components in automotive and aerospace applications, as well as the need for improved energy efficiency. Additionally, the expanding medical device industry and growing demand for consumer electronics are increasing the demand for servo press technology.

The global servo press market size was valued at 667.8 million in 2020, and is projected to reach $1,068.3 million by 2030, registering a CAGR of 4.8% from 2021 to 2030. Servo presses are used for processes such as forging, punching, molding and metal forming. Servo presses are equipped with high-performance servo motors that provide higher slide rate in the forming process than conventional hydraulic presses.

Moreover, technological advancements which will integrate features such as monitoring systems and artificial intelligence (AI) to forecast future maintenance requirements are anticipated to provide lucrative opportunities for the growth of the servo press market.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗿𝗶𝘃𝗲𝗿𝘀

The study also identifies key players in the servo press market, such as Bosch Rexroth, Schuler, SMC Corporation, and Komatsu. These companies are expected to continue to drive the growth of the servo press market, as they are well-positioned to capitalize on the increasing demand for precision components and improved energy efficiency.

Rise in demand for automobiles fueled by surge in global population and increase in purchasing power of masses has increased the use of servo presses in the automotive industry. Rise in industrialization has significantly increased the use of metal, thereby increasing the use of servo presses for metal forming processes. Furthermore, industries such as aerospace, defense, and medical equipment manufacturers use servo presses owing to their precision and accuracy requirements. In addition, the surge in use of electrical and electronic products fueled by increase in purchasing power of masses fuels the demand for servo presses.

𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮: – https://www.alliedmarketresearch.com/purchase-enquiry/15847

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗢𝘂𝘁𝗹𝗼𝗼𝗸

The servo press market is segmented on the basis of type, capacity, end-user industry, and region. By type, the market is categorized into crank type and screw type. Depending on capacity, it is fragmented into below 200T, 200T – 500T and above 500T. On the basis of end-user industry, it is categorized into automotive, aerospace, electrical & electronics and other. Region wise, the global servo press market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Thailand, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

𝗧𝗵𝗲 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

Key companies profiled in the servo press market report include Amino Corporation, Hitachi Zosen Fukui Corporation, ISGEC Heavy Engineering Ltd., Japan Automatic Machine Co., Ltd., Komatsu Ltd., Nidec-Shimpo Corporation, Promess Incorporated, Schuler AG., SIMPAC Corp., and Tox Pressotechnik GmbH & Co. KG

Servo press technology is a type of mechanical press that utilizes servo motors to deliver precise, repeatable, and dynamic control of the press’s motion and force. This technology has been growing in popularity over the past few years due to its ability to provide higher accuracy, better cycle times, and improved energy efficiency compared to traditional mechanical presses. As a result, servo press technology is becoming increasingly used in a variety of industrial applications, such as automotive and aerospace manufacturing, as well as medical device and consumer electronics assembly.

𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩:- https://www.alliedmarketresearch.com/checkout-final/244967781488b8d482fa0993fbbc75ec

𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗥𝗲𝘃𝗶𝗲𝘄

Servo press technology is quickly becoming a popular choice for industrial applications due to its ability to provide precise, repeatable, and dynamic control of the press’s motion and force. This technology is expected to continue to grow in popularity, as it is increasingly used in automotive, aerospace, medical device, and consumer electronics applications. Additionally, the increasing demand for improved energy efficiency and high-precision components is expected to drive the global servo press market to reach $1.9 billion by 2025.

Hydraulic Breaker Market Size, Growth, Outlook And Forecast Report 2031

According to a new report published by Allied Market Research, titled, “Hydraulic Breaker Market,” The hydraulic breaker market size was valued at $2 billion in 2021, and is estimated to reach $3.5 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031.

𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙎𝙘𝙤𝙤𝙥 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚:- https://www.alliedmarketresearch.com/request-sample/5546

Demand for hydraulic breakers has increased due to growth of infrastructure, residential, and commercial facilities. In addition, rise in population and surge in demand for roads, highways, bridges, and tunnels are expected to drive the hydraulic breaker market growth during the forecast period. In addition, high productivity, high impact performance, energy recovery that increase output per shift, and reduced energy & fuel consumption are some of the benefits of hydraulic breaker, which boost the market growth.

Therefore, various major companies are focusing on manufacturing advanced hydraulic breakers for construction and mining applications. Moreover, the market is growing lucratively due to increased government investments in infrastructure projects and the mining sector. However, lack of skilled & qualified operators and decrease in new construction activity are the factors anticipated to hinder the growth of the market.

Urbanization and industrialization in countries such as India, China, and Japan has led to rise in demand for hydraulic breakers. In addition, increase in government investments in infrastructure development fuels the growth of the hydraulic breaker industry. For example, in March 2022, the National Highways Authority of India announced plans to build 25,000 km of national highways in 2022-2023 at a speed of 50 km per day. Therefore, all these factors are expected to drive the the Asia-Pacific hydraulic breaker market growth. However, shortage of skilled operators and declining new construction activities are the factors expected to hinder the market growth.

In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the hydraulic breaker market. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.

Increasing demand for hydraulic breakers is due to increased government investments in mining for minerals, coal, and metals. For example, in October 2020, the Russian government announced its $1.5 billion investment in rare earth mining and infrastructure. Such factors increase the demand for hydraulic breakers and provide many opportunities for market growth.

The global hydraulic breaker market is segmented into equipment size, type, application, end user industry, and region. On the basis of equipment size, the market is divided into small, medium and large. Depending on type, it is classified into premium and non-premium. By application, it is segregated into breaking oversized material, trenching, demolition and others. On the basis of end user industry, it is further classified as construction, mining, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

A hydraulic breaker is a construction machine that attaches a powerful breaker to an excavator to dismantle hard rocks and structures. It is driven by the excavator’s auxiliary hydraulic system, which is equipped with a foot valve for this purpose. High pressure is emitted from a small canister that stores pressurized hydraulic fluid. Hydraulic breakers come in a variety of power capacities, including small (up to 10 tons), medium (11-30 tons), and large (31+ tons). They are used in the mining and construction sectors.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁

Demand for hydraulic breakers has increased due to growth of infrastructure, residential, and commercial facilities. In addition, rise in population and surge in demand for roads, highways, bridges, and tunnels are expected to drive the hydraulic breaker market growth during the forecast period. In addition, high productivity, high impact performance, energy recovery that increase output per shift, and reduced energy & fuel consumption are some of the benefits of hydraulic breaker, which boost the market growth.

Therefore, various major companies are focusing on manufacturing advanced hydraulic breakers for construction and mining applications. Moreover, the market is growing lucratively due to increased government investments in infrastructure projects and the mining sector. However, lack of skilled & qualified operators and decrease in new construction activity are the factors anticipated to hinder the growth of the market.

𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮:- https://www.alliedmarketresearch.com/purchase-enquiry/5546

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗢𝘂𝘁𝗹𝗼𝗼𝗸

Urbanization and industrialization in countries such as India, China, and Japan has led to rise in demand for hydraulic breakers. In addition, increase in government investments in infrastructure development fuels the growth of the hydraulic breaker industry. For example, in March 2022, the National Highways Authority of India announced plans to build 25,000 km of national highways in 2022-2023 at a speed of 50 km per day. Therefore, all these factors are expected to drive the the Asia-Pacific hydraulic breaker market growth. However, shortage of skilled operators and declining new construction activities are the factors expected to hinder the market growth.

In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the hydraulic breaker market. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.

Increasing demand for hydraulic breakers is due to increased government investments in mining for minerals, coal, and metals. For example, in October 2020, the Russian government announced its $1.5 billion investment in rare earth mining and infrastructure. Such factors increase the demand for hydraulic breakers and provide many opportunities for market growth.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀

The global hydraulic breaker market is segmented into equipment size, type, application, end user industry, and region. On the basis of equipment size, the market is divided into small, medium and large. Depending on type, it is classified into premium and non-premium. By application, it is segregated into breaking oversized material, trenching, demolition and others. On the basis of end user industry, it is further classified as construction, mining, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

The major players profiled in the hydraulic breaker market include CATERPILLAR INC., DAEMO ENGINEERING CO., LTD., EPIROC, FURUKAWA CO., LTD., INDECO, MONTABERT, msat – msb corporation, NPK CONSTRUCTION EQUIPMENT, INC., SANDVIK, and SOOSAN CORPORATION Co., Ltd.

Major companies in the market have adopted acquisition, partnership and business expansion as their key developmental strategies to offer better products and services to customers in the hydraulic breaker market.

𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩:- https://www.alliedmarketresearch.com/checkout-final/7f6180a7c6517c6e4f254f444e200e8c

𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗥𝗲𝘃𝗶𝗲𝘄 –

The need for coal, metal, and minerals is rising, which is propelling the expansion of the hydraulic breaker market. However, the scarcity of skilled & certified workers is projected to impede the market expansion. Moreover, the rise in demand for technologically advanced equipment in the mining sector is expected to provide future growth opportunities in the market.

AT a CAGR of Probiotic Drinks Market to reach $23.4 Billion by 2031 | Opportunity Analysis & Industry Forecast

Probiotic Drinks Market was valued at $11,047.40 million in 2020, and is estimated to reach $23.4 Billion by 2031, growing at a CAGR of 6.6% from 2022 to 2031.

Global Leading Players:-

Players operating in the probiotic drinks market have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. Key players profiled in this report include GCMMF (AMUL), Fonterra Co-operative Group Ltd, Yakult Honsha Co., Ltd., Denone SA, Bio-K+, Lifeway Foods, Inc., Chobani, LLC, NextFoods, Inc., PepsiCo Inc, and Harmless Harvest.

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Beverages play an essential role in dietary consumption, and their significance in health has recently received a lot of attention. Beverages are designed to fulfill needs of consumers, in terms of size, shape, storage, and the ability to include desired nutrients and bioactive ingredients. Functionalized beverages, in particular, have recently gained a lot of attention, owing to their possible health benefits, such as lowering cholesterol, lowering sugar, having a high fiber content, boosting the immune system, and aiding digestion.

A functional beverage containing certain bacteria that are advantageous to human health is referred to as a probiotic drink. They are made by combining water, sugar, herbal, or fruit extracts with a probiotic bacteria and yeast culture and then bio-fermenting it. Probiotics multiply by absorbing sugar and then stop when they reach their peak of multiplication. These microbes help to improve overall gut health by preserving the natural balance of organisms in the intestines and by boosting immunity. Apart from that, regular use of probiotic drinks aids in optimal nutrition absorption as well as prevention and treatment of GI disorders such as diarrhea, constipation, and irritable bowel syndrome (IBS).

Probiotic drinks market trends are mainly influenced by ongoing trends in the food and beverage and nutraceutical industry. Health advantages of probiotic drinks have been essential in boosting market expansion during the COVID-19 pandemic. A paradigm changes toward preventative health management methods propels the probiotic drinks market, which is fueled by rising healthcare expenses and rise in burden of diseases such as COVID-19. Probiotic drinks are a type of functional beverages that can help to improve gut health by balancing the intestine, thereby raising immunity.

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Rise in prevalence of various diseases due to indigestion and awareness of their associated risks help raise awareness regarding healthy bacterial and gut health. Furthermore, increase in prevalence of indigestion and gut diseases among young people is expected to drive demand for probiotic drinks. According to the research studies and Food Navigators, New information about intimate link between immunity and digestive health has emerged in recent years. Small and large intestines are currently thought to house 70% of the internal defense system. That has created huge opportunities for key players in the global probiotic drinks industry.

On the basis of type, the plant-based probiotic drinks segment was valued at $ 3,715.7 million in 2020, and is expected to reach $ 8,115.3 million by 2031 at a CAGR of 6.9% from 2022 to 2030 based on probiotic drinks market forecast. This is majorly attributed to rise in demand for plant-based food products. Growth in consumption of plant-based probiotic drinks among vegan and lactose intolerant population is expected to favor growth of the plant-based probiotic drinks segment during the forecast period.

The hypermarkets/supermarkets segment was valued at $ 4,093.4 million in 2020, and is predicted to grow at a CAGR of 6.7% to reach $ 8,768.0 million by 2031. Hypermarkets/supermarkets are the traditional sales channels for consumer goods and packaged food and beverage products. Probiotic beverages are widely available in shot bottles and come in cartons of five, twelve, or fifteen bottles. Thus, probiotics are purchased at supermarket/hypermarket chains such as Walmart, Costco, Kroger, and Schwarz Gruppe, which provide discounts and offers on purchase of such goods, making it one of the most important sales channels in the global probiotic beverages market.

Region wise, Europe has accounted for a considerable share in the global probiotic drinks market, and is expected to sustain its share during the forecast period. Excessive inclination toward digestive health, and popularity of dairy products among European consumers drive growth of the market. Moreover, rise in number of health-conscious consumers across Europe is a key factor anticipated to propel the probiotic drinks market growth.

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In this local marketplace, the Europe market is anticipated to grow at a significant rate, accompanied through the marketplace in the UK, France, Spain, and Russia, owing to willingness of people in Europe to spend on premium and healthy food and beverage products.

Key Findings of the Study :-

>The probiotic drinks market size was valued at $11,047.4 million in 2020, and is estimated to reach $ 23,405.7 million by 2031, registering a CAGR of 6.6% from 2022 to 2031.

>By type, the plant-based probiotic drinks segment is estimated to witness the fastest growth, registering a CAGR of 6.9% during the forecast period of global probiotic drinks industry.

>In 2020, depending on sales channel, the online retail segment was valued at $ 2,618.8 million, accounting for 23.7% of the global probiotic drinks market share.

>Based on probiotic drinks market analysis, In 2020, the U.S. was the most prominent market in North America, and is projected to reach $ 4,495.3 million by 2031, growing at a CAGR of 6.0% during the forecast period.

Related Reports:-

Wheat Fiber Market – https://www.alliedmarketresearch.com/wheat-fiber-market-A15190

Vitamin E Market – https://alliedmarketresearch.com/vitamin-e-market-A13002

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Music Event Market Size is Booming and Predicted to Hit USD 481.4 Billion by 2031

According to a new report published by Allied Market Research, titled “Music Event Market By Revenue Source, By Genre, By Type, By Age Group, By Gender: Global Opportunity Analysis and Industry Forecast, 2021-2031″ The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. 𝐓𝐡𝐞 𝐦𝐮𝐬𝐢𝐜 𝐞𝐯𝐞𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟏𝟓𝟐.𝟐𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟏 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟒𝟖𝟏.𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏, 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟗.𝟕% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟐 𝐭𝐨 𝟐𝟎𝟑𝟏.

𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/8394

The rise in music tourism activities across the globe, increase in popularity of musicians and artists worldwide and their surge in international fan base drive the growth of the global music event market. However, dynamic government policies pertaining to data protection hinder the market growth. Moreover, growing internet penetration and rise in the importance of live performances across the globe present new opportunities in the coming years. The rise in demand for live music performances owing to the downfall of recorded music sales in the past few years has significantly contributed to the growth of the global music event market.

The sponsorships segment is expected to witness the highest CAGR of 10.5% from 2022 to 2031. This growth is attributed to the risea in number of product launches by various giant corporations and start-ups seeking to increase their brand value and create brand awareness among the youth. Sponsorship is one of the primary sources of any music event that helps the organisers to cover their rising costs of hosting events.

The global music event market is segmented into a revenue source, genre, type, age group, gender, and region. The market is divided into tickets, sponsorships, and others by revenue source. Depending on the genre, it is divided into rock, pop, EDM, and others. Based on type, it is segregated into music festivals, concerts, shows, and others. Depending on the age group, the market is segmented below 20 years, 21 to 40 years, and above 40 years. As per gender, it is segregated into male and female. Region-wise, the music event market is analysed across North America, Europe, Asia-Pacific, and LAMEA.

By type, the music event market was dominated by the music concerts segment in 2021. The rise in a number of live music performances across the globe by numerous famous musicians is resulting in the hosting of a vast number of music concerts. According to Live Nation Entertainment, a leading player in the music event market, ticket sales are up by 45%, and the concert pipeline is up by 30% in 2022.

𝐅𝐋𝐀𝐒𝐇 𝐒𝐀𝐋𝐄 𝐓𝐢𝐥𝐥 𝟑𝟎 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟑 – 𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 & 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/b99d0c7ac0ea73e912c8d4146959b01d

Based on gender, the female segment is expected to register the fastest growth, owing to the rise in women’s participation in the entertainment industry. The improving gender ratios in developing nations and rising awareness regarding women’s empowerment and freedom have opened opportunities for the female population to participate in music events.

Based on the genre, the pop segment dominated the market, accounting for 32.3% of the music event market share in 2021. The huge popularity of the pop genre among the youth population across the globe has led to significant growth in the market. As per the Music Consumer Insight Report 2018 by the International Federation of the Phonographic Industry (IFPI), around 64% of the global population typically listens to pop music.

Region-wise, Europe was the leading music event market with the highest revenue in 2021. The presence of well-established infrastructure and connectivity, the number of globally popular music festivals, the rise in music tourism, and the rise in the adoption of digital technologies are the prominent factors that significantly contribute to the growth in Europe’s music event market demand.

The key players analyzed in the report are 𝐀𝐜𝐜𝐞𝐬𝐬 𝐃𝐞𝐬𝐭𝐢𝐧𝐚𝐭𝐢𝐨𝐧 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬, 𝐋𝐋𝐂, 𝐀𝐧𝐬𝐜𝐡𝐮𝐭𝐳 𝐄𝐧𝐭𝐞𝐫𝐭𝐚𝐢𝐧𝐦𝐞𝐧𝐭 𝐆𝐫𝐨𝐮𝐩, 𝐁𝐚𝐬𝐬𝐞𝐭 𝐄𝐯𝐞𝐧𝐭𝐬, 𝐈𝐧𝐜., 𝐁𝐂𝐃 𝐆𝐫𝐨𝐮𝐩, 𝐂𝐨𝐥𝐢𝐧 𝐂𝐨𝐰𝐢𝐞 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞, 𝐂𝐚𝐫𝐥𝐬𝐨𝐧, 𝐈𝐧𝐜., 𝐄𝐯𝐞𝐧𝐭𝐛𝐫𝐢𝐭𝐞, 𝐈𝐧𝐜., 𝐈𝐧𝐬𝐨𝐦𝐧𝐢𝐚𝐜 𝐇𝐨𝐥𝐝𝐢𝐧𝐠𝐬, 𝐋𝐋𝐂, 𝐎𝐮𝐭𝐛𝐚𝐜𝐤 𝐏𝐫𝐞𝐬𝐞𝐧𝐭𝐬, 𝐋𝐋𝐂, 𝐚𝐧𝐝 𝐑𝐚𝐟𝐚𝐧𝐞𝐥𝐥𝐢 𝐄𝐯𝐞𝐧𝐭𝐬.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/8394

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬:

○ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the music event market analysis from 2021 to 2031 to identify the prevailing music event market opportunities.
○ The market research is offered along with information related to key drivers, restraints, and opportunities.
○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
○ In-depth analysis of the music event market segmentation assists to determine the prevailing market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global market.
○ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
○ The report includes the analysis of the regional as well as global music event market trends, key players, market segments, application areas, and market growth strategies.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 “𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

○ U.S. Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031
○ U.K. Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031○
○ Europe Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031
○ Canada Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031
○ Mexico Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031
○ Germany Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031
○ France Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031
○ Italy Music Event Market Opportunity Analysis and Industry Forecast, 2021-2031

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Mosquito Trap Market: To See Incredible Growth During the Forecast Period 2023–2031, Says Allied Market Research.

The global Mosquito trap market is experiencing significant growth, and will grow considerably in the next few years. Increasing concern over the health and hygiene of people anticipating innovative mosquito traps in the market. Mosquito electric killer attracts and kills mosquitoes without the use of smoke, harmful chemicals, or dangerous high-voltage equipment. Unlike other similar units, the lamp uses 6 low-voltage LED’s to attract flying mosquitoes. For maximum attraction, the LED also causes a harmless catalytic compound to release a tiny quantity of natural carbon dioxide into the air. The double attraction of bright light and carbon dioxide draws the mosquitoes towards the lamp. Once inside, they are killed by a high-speed fan as it draws them down into a trap in the base of the unit. The trap is easily removed for hygienic cleaning with soap and water. Mosquito trap market has segmented in three types of products: electric shock mosquito killer, photo catalytic mosquito trap, and sticky trap mosquito killer.

COVID-19 Scenario Analysis:

The impact on the sale of Mosquito trap market due to COVID-19, most of the retail and online markets are closed during lockdowns.
The closure of the manufacturing plant due to lockdown worldwide, it’s affected to scale of production industries and supply channel system of the market.
The Mosquito trap types of equipment are an essential part of daily life over health and hygiene concern, Consumer-facing lack of product unavailability in the supermarket.
Post-COVID-19 positively impact on mosquito trap industries, due to people are more hygiene and health concern after hitting by coronavirus across the globe.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Increasing the mosquito-related diseases across the globe, such as malaria, dengue, West Nile virus, chikungunya, yellow fever, filariasis, tularemia, dirofilariasis, and other, impact on the growth of mosquito trap market. People’s engagement in personal health and hygiene activities are some important drivers that contribute to the increase in the demand for the mosquito trap related equipment in the market.

The Mosquito trap market is a highly competitive and innovative drive in the coming years. The presence of well-established players all over the distinctive distribution channels such as E-commerce and supermarkets.

The global Mosquito Trap market trends are as follows:

New Distribution Channels to raise the sales

The global Mosquito trap items market is characterized by the presence of well diversified international and regional sellers. However, as international players are increasing their impression, regional sellers are finding it difficult to compete with them in terms of quality, innovation, and less costly products. The market for the electric mosquito trap is used in the residential segment as well as the little convenience stores around the world. The electric Mosquito trap is generally used in the lawns and gardens of the residential houses. These are little in sizes and more in demand as compared to the rackets and other products in the market. The growing demand for planting around the world, with a major focus in the developing countries, demonstrates the growth of the market for electric mosquito killer worldwide.

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Increase in safety standards measures and health concerns

Increase the awareness of health and hygiene concerns to surge in the use of Mosquito trap in households and other commercial sectors. The mosquito trap sectors continue innovation on products, the people concern over health, and Mosquito-borne diseases incremental growth of the Mosquito trap market.

Several market leaders and governments have started the campaign of awareness programs to make the rural and urban population aware of the mosquito-borne diseases due to malaria and other diseases outbreak. This above factor positively impacting in the worldwide mosquito trap market.

Key Benefits of the Report:

This study presents the analytical depiction of the Mosquito trap market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global Mosquito trap market share.
The current market is quantitatively analyzed to highlight the global Mosquito trap market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global Mosquito trap market analysis based on competitive intensity and how the competition will take shape in the coming years.

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What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?

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Hair Removal Service Market: May Set Huge Growth by 2031, Claims Allied Market Research.

Hair removal is a process of deliberately removing individual’s body hair. This process is also known as Epilation. Human hair becomes more visible after puberty and thus many people get conscious about their body hair, and so they tend to remove it off. Body hair is removed for fashion, cultural practices, sports, military, and medical reasons. Moreover, the rise in awareness regarding personal grooming and aesthetic appeal among the youth has led to the growth of the global market. Various hair removal methods are used to remove body hair such as shaving, waxing, and plucking. Increase in importance of beauty standards among individuals is the major factor anticipated to boost the demand for the various hair removal services. Also, rise in consumer disposable income and increased spending on personal care products and services contribute toward the growth of the market.

COVID-19 Impact analysis

Consumers particularly younger adults, have been taking a relaxed approach to their hair removal routines, contributing toward slow growth of the market. Shift of office work to work from home relax consumers approach toward hair removal. As a result, the market is anticipated to experience a short-term hit during the pandemic period.
Moreover, COVID-19 has created several challenges for the aesthetics industry. During the pandemic period most of the clinics had halted their services with only emergency procedures to be performed. This in turn hampered the growth of the market.
On the contrary, there has been an observed increase in online sales of hair removal products due to rise in preference of usage of E-commerce websites for purchase.

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Top Impacting Factors

Growing awareness in appearance and rapidly changing lifestyle and beauty standards among individuals are major reasons expected to fuel the growth of the market. Also availability of various services from salons and hair removal clinics provide options to the consumers,which leads to expected sales growth.
Easy availability of advance hair removal devices for home use from e-commerce and retail industry for end users makes way for the growth of the market. Also, surge in development of new services such as laser hair removal creates a new opportunity for market growth.
Contrarily, high cost of hair removal services and devices and requirement of multiple treatments hamper the growth of the global hair removal service market.

Market Trends

New product launches to flourish the market

The launch of new products that contain improved capabilities boost the product demand in the market. Extract of natural ingredients such as honey, sugar, raw papaya paste, and garlic juice in the products and increase in awareness of benefits of these ingredients to skin increase the sale of these products leading to the growth of the market.

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Surge in development of technological advances in Hair removal services.

Laser technology is gaining popularity among the individuals in the recent years. Benefits of laser hair removal technology is that it reduces the hair growth by 90-95% with devices featuring diode laser technology that is safe for treating patients with darker skin tones and tanned skin.

Electrolysis is another type of hair removal technique performed by a dermatologist. It also disrupts hair growth. The process works by inserting an epilator device into the skin. In addition to producing more permanent results electrolysis is extremely versatile, creating an expected market growth.

Key Benefits of the Report

This study presents the analytical depiction of the hair removal service industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the hair removal service market share.
The current market is quantitatively analyzed to highlight the hair removal service market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed hair removal service market analysis based on competitive intensity and how the competition will take shape in coming years

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What is “Hair Removal Service” Market prediction in the future?
Which will be the niches at which players profiling with recent advancements should set a presence?
What are the driving factors and opportunities in the market?
What are the current trends and predicted trends?
What are the challenges faced in the “Hair Removal Service” Market?

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Lignans Market Strategic Imperatives for Success and Rising Demand Till 2032

Lignans are the large group of polyphenolic compounds within the phytochemicals found in plants. They are vascular plant secondary metabolites with a wide range of physiological functions. Plant lignans are defined as polyphenolic substances derived from phenylalanine through dimerization of substituted cinnamic alcohols known as monolignols to a dibenzylbutane skeleton. Lignans have wide applicability in the human diet due to its health promotion and disease-preventing properties. Flaxseed and sesame seeds are the richest source of lignans and are utilized commercially for the fortification of food products and in the pharmaceutical industry. The other sources of lignans are soy seed, rapeseed, pumpkin seed, sunflower seed, wheat, oats, rye, barley, legumes, beans, fruit like berries, and vegetables. R&D activities have found the presence of lignans in beverages such as tea, coffee, and wine. The term lignan was first given by Haworth in 1948, since then numerous research were conducted to explore the biological activities of lignans. Lignans function as the defensive chemical in plants to protect them from microorganisms and insects as well as the plant lignans act as precursors of mammalian lignans contributing in the prevention of cancer and cardiovascular diseases.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐚𝐦𝐩𝐥𝐞 𝐰𝐢𝐭𝐡 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.alliedmarketresearch.com/request-toc-and-sample/11392

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Lignans have gained wide importance in recent times due to their biological properties and health benefits. The presence of lignan in various plant sources has increased the development of novel lignan synthesis models commercially. Increased investment in R&D, increasing health & fitness awareness, biosynthetic origin, immunity-boosting properties, physicochemical properties of lignan, increasing health benefits, production of fortified food products, utilization of flax hulls, increasing production of seeds such as flaxseed and sesame, surge in production of lignan extracts, surge in food processing technology, automated equipment, increasing awareness about new products, new product development, utilization of lignans in pharmaceuticals, anti-cancer properties of lignan, increasing disease conditions, incorporation of lignan in supplementary foods and nutraceuticals, high natural abundance, hormone-related diseases, inclination toward improving product quality, use of lignans in cosmetics, increased distribution channel, sanitation control in manufacturing plants, changing eating habits, and disposable income are the key driving factors of the global lignans market. However, the increased competition, availability of substitute products, and lack of awareness hinder the growth of the lignans market.

The global lignans market trends are as follows:

Application of lignan

Physicochemical properties exhibited by lignan have derived the interest of many researchers and manufacturing industries toward the applicability of lignan in food products, pharmaceuticals, supplementary diets, nutraceuticals, cosmetics, personal care products, and animal feed. Constant research has been carried out on the plant and non-plant sources of lignan in recent times. Flax hull is considered a rich source of lignan known as secoisolariciresinol glucoside (SDG) utilized as an immunity booster on the action of friendly bacteria. Flax seeds are considered to be the richest source of lignan, and are utilized for the fortification of bakery products as well as for the extraction of lignan extracts. Norwegian spruce tree is considered as another source of lignan called 7-hydroxymatairesinol (HMR). Lignans possess properties such as antioxidants, anti-cancer, antiviral, anti-inflammatory, antimicrobial, beneficial for osteoporosis prevention, modification of estrogen level, hormonal changes, anti-tumor activities, virus-related diseases, relieving menopausal symptoms, blood glucose level, cardiovascular system, thyroid function, and fertility. They are widely used through flaxseeds in the dough, baked rye bread, graham buns, muffins, cookies, snack foods, breakfast cereals, and other cereal-based bakery products.

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Key Benefits of the Report:

This study presents the analytical depiction of the global lignans industry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global lignans market share.

The current market is quantitatively analyzed to highlight the global lignans market growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides detailed global lignans market analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Lignans Market Research Report:

Which are the leading players active in the lignans market?

What are the current trends that will influence the market in the next few years?

What are the driving factors, restraints, and opportunities of the market?

What future projections would help in taking further strategic steps?

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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IPTV Market is Expected to Generate USD 146.2 Billion by 2031 | Top Players such as – AT&T, Ericsson and Verizon

Growing preference for video-on-demand and high-definition channels and increase in demand for alternative investment drive the global internet protocol television market. Based on region, North America held the largest share in 2021, contributing to more than one-third of the global internet protocol television market share.

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The IPTV market is segmented on the basis of by component, application type, industry vertical, and region. On the basis of the component, the market is categorized into hardware, software, and services. On the basis of application type, the market is bifurcated into non-linear television, and linear television. By device type, it is divided into smart phones & tablets, smart TVs, and desktops & laptops. By transmission type, it is classified into wireless, and wired. By industry vertical, it is classified into advertising & marketing, media & entertainment, IT & Telecom, healthcare, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Based on component, the hardware segment held the highest share in 2021, accounting for nearly two-fifths of the global internet protocol television market. However, the service segment is expected to register the highest CAGR of 10.9% from 2022 to 2031, and is expected to continue its leadership status during the forecast period.

Based on application, the non-linear TV segment accounted for the highest share in 2021, contributing to nearly two-thirds of the global internet protocol television market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the linear TV segment is expected to manifest the highest CAGR of 11.0% from 2022 to 2031.

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Based on region, North America held the largest share in 2021, contributing to more than one-third of the global internet protocol television market share. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 13.0% during the forecast period, and is projected to maintain its dominant share in terms of revenue in 2031.

Leading market players of the global internet protocol television market analyzed in the research include Akamai Technologies, AT&T Inc., Ericsson, Verizon Communications Inc., Broadcom Inc., TRIPLEPLAY SERVICES LTD., Deutsche Telekom AG, Cisco Systems Inc., Huawei Technologies Co., Ltd., Airtel India.

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Covid-19 Scenario:

The outbreak of the COVID-19 pandemic had a positive impact on the growth of the global internet protocol television market, owing to implementation of global lockdown which resulted to adoption of ‘work-from-home’ practices.
The rising trend of internet usage in households had resulted in the higher internet consumption. The need to subscribe for better internet packages with faster speeds and provision offered by service providers to adhere to add-on facilities such as IPTV services at minimal prices had further offered an impetus to the industry growth during the pandemic.

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U.S. Dry Aging Beef Market Trends, Top Companies, Opportunities – 2023

U.S. Dry Aging Beef Market report, published by Allied Market Research, forecasts that the market is expected to garner $11,176 million by 2020, registering a CAGR of 1.3% during the period 2016 – 2020. The U.S. dry aging beef market held less than 10% share of the U.S. beef market in 2015.

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𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The key players profiled in the report are DrybagSTeak, LLC., DeBragga, The Ventura Meat Company, Buckhead beef, Chicago Steak Company, and American Grass Fed Beef.

Dry aging beef process is carried out at home and restaurants using dry aging beef bags, which offer improved moisture impermeability. These bags increase yield, decrease microbial contamination, and provide convenience of usage.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐚𝐦𝐩𝐥𝐞 𝐰𝐢𝐭𝐡 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.alliedmarketresearch.com/request-sample/1892

The rich flavor of dry aging beef is a key driver of the U.S. dry aging beef market. Increase in the number of restaurants and rise in inclination of specialist butchers toward traditional processes are expected to boost the consumption of dry aged beef in the U.S. Dry aging is a natural process wherein beef is kept unwrapped in a conditioned environment of an aging unit. The packaging business has flourished in the U.S., owing to increased production of beef to cater to the augmented demand from international markets and surge in trading business.

Key Findings of the U.S. Dry Aging Beef Market

The U.S. is expected to be the leading producer and exporter of dry aging beef in 2015 across the globe.
Dry aging beef market in the U.S. is expected to grow at a CAGR of 1.3% in terms of value during the forecast period.
The dry aging beef packaging business in the U.S. is anticipated to grow at a CAGR of 1.7% in terms of value during the forecast period.
The U.S. beef market registered a CAGR of 7.5% in terms of value during 20132015.
Meat packers and meat processors held major share in the U.S. dry aging beef production in 2015.
In 2015, business clients accounted for over two-thirds of the total revenue generated from sales of dry aging beef in the U.S. Business clients include wholesalers, retailers, hypermarket, supermarkets, restaurants, food service outlets, and grocery shops among others.

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Artificial Intelligence And Robotics In Aerospace And Defense Market Expected to Reach USD 35.9 Billion by 2031 | Top Players such as – Airbus, Boeing and GE Aviation

The use of artificial intelligence and robotics in the aerospace and defense sector that facilitates in-depth data tracking, increased investment in AI and technological advancements for workflow optimization, the increased use of cloud-based solutions, and the growing demand for AI and cognitive computing drive the growth of the global artificial intelligence and robotics in aerospace and defense market. Region-wise, North America is likely to dominate in terms of revenue in 2031.

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The global artificial intelligence and robotics in aerospace and defense market is segmented on the basis of type, application, and region. By type, the market is sub-segmented into hardware, software, and services. As per application, the market is classified into military, commercial, and space. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Based on type, the software segment held the largest share in 2021, accounting for nearly three-fifths of the global artificial intelligence and robotics in aerospace and defense market and would dominate the market in terms of revenue through 2031. The same segment is estimated to witness the fastest CAGR of 8.8% during the forecast period. The report also discusses the hardware and services segments.

In terms of application, the military segment captured the largest market share of more than three-fifths of the global artificial intelligence and robotics in aerospace and defense market in 2021 and is expected to lead the trail during the forecast period. Moreover, the same segment is likely to achieve the fastest CAGR of 8.4% through 2031. The report also studies the commercial and space segments.

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Based on region, the market in North America was the largest in 2021, accounting for nearly two-fifths of the global artificial intelligence and robotics in aerospace and defense market in 2021 and is likely to maintain its dominance during the forecast period. However, the market in Asia-Pacific is expected to manifest the highest CAGR of 9.4% from 2022 to 2031. The other regions analyzed in the study include Europe and LAMEA.

Leading players of the global artificial intelligence and robotics in aerospace and defense market analyzed in the research include Airbus SE, IBM Corporation, Boeing Company, GE Aviation, Thales Group, Lockheed Martin Corporation, Intel Corporation, Raytheon Technologies Corporation, General Dynamics Corporation, and Microsoft Corporation.

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Covid-19 Scenario:

The outbreak of the COVID-19 pandemic had a negative impact on the artificial intelligence and robotics in aerospace and defense market.
Owing to travel bans, the revenue of airport operators and airlines declined in 2020 and 2021 in the commercial airline business. Consequently, the artificial intelligence and robotics in aerospace and defense market saw a slight decline.
However, some major airlines and airport authorities invested in the implementation of artificial intelligence in various passenger processes at airports to improve safety and efficiency during the pandemic.

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