Food Production Machinery Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies, And Forecasts, 2015 To 2022

Escalating demand across diverse range of application areas including food & beverages, pharmaceuticals, and personal care is expected to primarily drive the food production machinery market. The need to offer wide variety of food items at lower costs and easily available raw materials propel food production machinery market development. Further, technological innovations coupled with evolving lifestyles may also favorably impact the food production machinery market growth over the forecast period. Additionally, growing population’s ever-changing food preferences may spur market demand for various food products. Consequently, this may drive more investments in food production machinery market. Moreover, technological advancements and innovations compel manufacturers to replace their older machines with newer ones. All the aforementioned factors are anticipated to fuel the global food production machinery market expansion in the near future.

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Demand for a wider range of dietary products with value-added foods such as meat and chocolate may provoke producers to broaden their services and functions, and consequently make high investments in the market. Additionally, producers from fully industrialized nations may make high investments in new methods of processing fundamental products such as fruits, vegetables & grains, thus spurring the demand for highly advanced machineries, and driving the food production machinery market growth over the forecast period. Further, developing economies, rapid industrialization, and increasing disposable consumer incomes are expected to spur the food production machinery market expansion. Increasing demand for processed food items may extensively drive the sales for food production machinery over the forecast period. Additionally, demographic shifts such as increase in small households and aging population are expected to spur demand for more on-the-go food items. This may catapult food production machinery market augmentation over the forecast period. However, conformity to strict government regulations may pose as a key challenge to the food production machinery market.

The European and the North American food production machinery market is expected to gain prominence over the next few years owing to factors such as growing research & development, developing economy, and rising awareness about novice products. However, Asia Pacific is anticipated to dominate over the forecast period. This may be credited to the surging demand for processed food items in India, China, and Thailand. Additionally, the need to diversify manufacturing facilities and capacity to meet consumer demands for various value-added food items may further fuel food production machinery market demand in these regions.

Key vendors dominating food production machinery market comprise Key Technology Inc., Heat and Control Inc., Buhler AG, GEA Group, John Bean Technologies Corp., Tetra Laval, SPX Corp., Marlen International, Wenger Manufacturing Inc., Bucher Industries AG, and Atlas Pacific Engineering Company, Inc. Technological advancements and product differentiation by diminishing emissions and wastes are the key strategies implemented by various food production machinery market players.

Food Production Machinery Market

Information Source: Grand View Research



Global Leisure Boat Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies, And Forecasts, 2015 To 2022

The global leisure boat market is expected to witness significant growth over the projected period owing to surges in demand for leisure boat and other recreational activities. The growth of recreational and tourism activities is on a rise owing to high promotion of tourist places. This consecutively is expected to impel market growth. The boating industry is considered to be a highly dynamic and competitive sector. It contributes largely to the overall tourism sector. The leisure boat market comprises trade & services providers and boat, engine, and equipment manufacturers. The market is driven by rising urban population and high net worth population. Globally improving economic conditions, improving disposable incomes, and escalating GDP levels are the key factors that have accelerated market growth. High participation in leisure boat activities is expected to drive market growth. In addition, a remarkable increase in inbound and domestic tourists has impelled growth in this market. The leisure boat market forms a small portion of the entire leisure activities market.

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The market can be classified on the basis of boat types. It comprises motorized and non-motorized boats. Further, it can be classified into powerboats and propulsion boats. Leisure boats can be categorized on the basis of accessories that comprise electronic and navigational accessories. Environmental issues and natural calamities pose as a major threat to the global leisure boat market. Environmental catastrophes such as droughts, floods, and extreme hot or cold conditions are the factors that hinder the market development. Lack of boat moorings and adoption of alternative recreational activities can adversely impact the market. Economic slowdown and global recession had a hard hitting impact on the market that resulted in a decline in demand for leisure boat activities.

High demand for recreational activities in the North American region is expected to impel market growth in this region. Higher disposable incomes among the population residing in the North American countries such as Canada and the U.S. has propelled the regional market growth. In the European region, countries such as France, Italy, Germany, and UK capitalize highly on tourism activities. With an aim to bolster the tourism sector, these countries have developed leisure boat centers. A rise in travel and sightseeing activities among this region has boosted the market expansion. Rising GDP levels and improving economic scenario in developing economies such as China and India in the Asia Pacific region are expected to propel growth in the leisure boat market in this region. Ample opportunities have been created for leisure boat market in this region owing to a multi-year decline in fuel prices.

Key market players predominating the global leisure boat market include Bombardier Recreational Products, Caterpillar Incorporated, Catalina Yachts, Crownline Boats, Cummins Incorporated, Honda Motors Company, Kawasaki Heavy Industries, and Yamaha Motor.

Leisure Boat Market

Information Source: Grand View Research