Saddle Plate Market Forecast and CAGR
According to latest research by Fact.MR, saddle plate market is set to witness steady growth during 2021-2031 with expected CAGR of approximately 4.7%. Demand for saddle plate will witness steady recovery in short-term (2025), with optimistic growth outlook in the long-run (2030). As the manufacturers are introducing light weight product with more safety features for the mounted equipment, the saddle plate market is expected to gain more demand during the study year.
What is Driving Demand for Saddle Plate?
Saddle Plate are mechanical devices which are used to mount equipment such as telescope and various optical devices in order to provide mobility and directional flexibility to it. Raising demand for the product which can provide higher safety standards to the customer’s equipment is driving the market.
For instance, telescope saddle plate from Rayox, has developed an easy to use simple cam-lever mechanism which provide auto engaging with the help of a lever for locking. While the conventional knob locking mechanism use to get loose with time, the lever mechanism provide firm locking.
Generally, the equipment which are mounted on them are heavy, thus providing a light weight product which ensures less assembly weight along with providing adequate strength has been a challenge to the manufacturers. This has been taken very well by the players in the market.
Products made up of aerospace grade aluminum, and light weight steel, provides extreme corrosion resistance, durability, strength and floaty weight assembly. Similarly, the plates which are used in construction field provide support to dimensional lumber wooden beams and trolleys and prevents them from torqueing.
In addition, the greatest advantage which this product serve to the end customer is that it provide side by side mount to their equipment. The dual saddle adapters allows the customer to mount their two different equipment. These capabilities ensures best visual observing and astro imaging for the end users.
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Geographical Outlook of Global Saddle Plate Market
Saddle plate market covers six key regions, North America, Latin America, Europe, East Asia, South East Asia & Oceania and MEA. Due to less complexity in design, manufacturing and availability of raw material in abundance with less fragile supply barriers, the product is likely to have fragmented market over the study region.
Population of Northern America and Europe is more exposed to the astronomical world and its study, similarly, the sales of small, house telescope is significantly more in the region. This has allowed the higher penetration of the product in its market. As the astronomical study field is evolving day by day, the product is expected to gain higher sales over next ten years. Similarly, the countries in the region mostly use wood in construction, the grabber and trolley hanger plates are likely to have higher demand.
As China is considered as “factory of the world”, and they have immense manufacturing capabilities. Manufacturers in the country have more opportunity for the domestic as well overseas sales due to their exceptional trade relationships.
The country in itself harness higher domestic demand which further aids in positive sales growth. Japan, North Korea and Taiwan shares similar trend in demand and manufacturing. Countries such as India, Bangladesh and Indonesia are expanding their manufacturing capabilities through various programs. For instance, in India, its flagship programs such Aatmanirbharat and Make in India are aimed towards giving new energy to its manufacturing sector for meeting the in-house as well as international demand. This prospects puts light on great potential of both East Asia and South Asia.
MEA region countries face various dilemma such as lack of educational opportunities in both its developed as well as developing countries. Similarly, their limited manufacturing capability have taken the demand even further into deep trench. As the countries like Turkey, South Africa and various other African countries are moving towards modernization, the product is expected to sweep higher sales in next ten years.
COVID-19 Impact Outlook for Saddle Plate Market
Covid-19 pandemic brought world largest lockdown in almost every country of the world. This affected wide range of industries to greater extent. The manufacturing sector experienced shortfall in human capital, supply chain disruption and lack of raw material in the market.
This is likely to affect the manufacturing of the target product. Whereas, it is expected that the sales demand for the target product saw an upsurge since the study didn’t stopped, lockdown initiated the sales of optical device for study purpose for some, and for some it was a new hobby. But due to gap in demand and supply, the market is expected to experience small drop in sales.
As the lockdown guidelines were not there for longer time, as soon as the market got open, the product is likely to appear on higher sales side. The same trend is expected to be there for next two or three years and further the graph may experience a stagnant sales.
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Segmental Analysis for Saddle Plate Market
Saddle Plate are offered in various types by the manufacturers in the market. The product is offered based on their mount type, material, weight, length and various sales channel opportunities.
As per the end users preference, the mount style is different for products. Grabber style is used in construction industry, dovetail type comes with two series named as D and V. Equatorial mount type compensate for the earth’s rotation by providing one rotational axis parallel to the existing earth’s rotational axis. Double decked product provide height adjustment for the equipment used by the customers.
Similarly, weight is necessary to keep the whole assembly light in weight and provide adequate strength alongside. As the mounting capability increases, so the weight. On other hand, length provides lateral adjustments to the product.
Who are the Key Manufacturers and Suppliers of Saddle Plate?
Some of the leading manufacturers and suppliers of saddle plate include
- Altair, Losmandy
- Astro Physics
- William Optics
- Baader Planetarium
- Software Bisque
The manufacturers are aiming for making the design more compact, providing more adjustments. Similarly, they are exploiting the various online sales gateway to reach the wide area of customers in order to increase the sales volume.
An Adaptive Approach to Modern-day Research Needs
Saddle Plate Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
- Prism Clamps
- D series
- V series
- Trolley hanger
- Dual Mounting
By Weight (Kg)
- less than 1
- above 4
By Size (Inch)
- Less than 10
- Above 20
By Sales Channel
- Modern Trade
- Specialty Store
- Online Channel
- Direct to Customer
- Third Party Online
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may time to reflect in the analysis.
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Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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