Machinery Industry - Market Research Report

The global   plant phenotyping equipment market   was valued at USD 205.8 million in 2022 and is expected to reach USD 443.4 million by 2030, growing at a compound annual growth rate (CAGR) of 10.0% between 2023 and 2030. The pressure to increase agricultural output—especially cereals—and to address food security, industrial, fiber, and bio-energy demand is a major driver. In addition, environmental challenges such as frequent extreme weather and global warming are seen as threats to productivity in crop, forestry, aquaculture and livestock sectors, further underscoring the need for improved phenotyping technologies. Hybrid and high-throughput platforms that are automatic, reliable, and capable of quantitative trait measurement are being developed to accelerate crop breeding, improve disease and stress resistance, and enhance nutrient content. Key Market Trends & Insights and Market Size & Forecast North America held the largest revenue share in 2022, accounting for 40...

The global   piston market   was valued at USD 2.49 billion in 2023, and it is expected to reach USD 3.37 billion by 2030, registering a compound annual growth rate (CAGR) of 4.5 % from 2024 to 2030. The central growth driver for the piston industry is the increasing demand for fuel-efficient and high-performance engines, particularly across automotive and industrial applications. Key Market Trends & Insights In North America, the piston market has shown consistent growth, backed by a strong base of automotive manufacturing and continuous technological advancements. Asia Pacific is emerging as the fastest-growing region, propelled by rapid industrialization, increasing vehicle production, and rising demand for advanced engine components. By material, aluminum pistons are witnessing the fastest growth, owing to their light weight and superior thermal conductivity relative to alternatives. In vehicle segments, passenger vehicles accounted for the largest share of piston dema...