Automotive & Transportation

Research Press Releases in Automotive & Transportation

General Aviation Market
March, 2024

New York, March 2024: According to a new research study by Global Insight Services (GIS), the General Aviation Market is expected to grow rapidly over the next 10 years and it is expected to reach a CAGR 4.8% during the forecast period.

General aviation also known as general aviation and aerial work (GA/AW) refers to all aircraft operations other than
corporate airlines, military airplanes, and non-scheduled air transport services for remuneration or hire. It includes
helicopters, business jets, light aircraft, piston fixed-wing, and turboprops as standard aircraft. General aviation includes wide-ranging activities such as recreational flying, charter operations, cargo flights, civil search and rescue, medical evacuation, flight training, and crop dusting. It offers safety, privacy, higher efficiency, flexible traveling, and on-demand air transportation services.

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General Aviation Market: Market Drivers and Trends

Increasing Use of Big Data in the General Aviation Industry

The increasing incorporation of big data in the general aviation industry is poised to revolutionize and significantly boost market growth. The application of big data analytics offers multifaceted advantages that extend throughout the aviation ecosystem. Primarily, it enhances safety standards by proactively identifying potential maintenance issues through predictive analytics, minimizing the risk of unexpected failures and ensuring passenger and crew safety. Additionally, big data empowers general aviation companies to optimize operational efficiency by analyzing vast amounts of data related to flight routes, weather patterns, and passenger preferences. This optimization results in reduced fuel consumption, lower operational costs, and improved environmental sustainability, enhancing the overall attractiveness and viability of general aviation services. Furthermore, the integration of big data analytics enables the delivery of personalized services and enhanced customer experiences within the general aviation sector. By leveraging insights derived from passenger data, companies can tailor their services to meet evolving traveler needs and preferences, from simplified booking processes to enhanced in-flight amenities. This utilization of big data not only fosters greater customer loyalty but also allows general aviation operators to differentiate themselves in a competitive market. Therefore, the integration of big data analytics in the general aviation industry represents a pivotal opportunity for enhanced safety, operational efficiency, and personalized customer experiences.

Escalating Aircraft Production Will Drive The General Aviation Market Growth

The increase in aircraft production is expected to drive growth in the general aviation market. With general aviation accounting for a significant portion of all aircraft in the United States, the rise in production aligns with the sector’s needs, leading to a heightened demand for advanced avionics technologies and performance enhancements. The General Aviation Manufacturers Association (GAMA) has reported continued increases in aircraft shipments and deliveries across all segments, including piston aeroplanes, turboprops, and business jets. In 2022, preliminary aircraft deliveries were valued at $26.8 billion, reflecting growth across various categories despite workforce and supply chain challenges. Additionally, major aircraft manufacturers like Boeing and Airbus have exceeded their delivery figures, with Airbus reporting record annual jet orders in 2023. Projections by the International Air Transport Association (IATA) further indicate a surge in air passengers, contributing to the flourishing general aviation market. As production rates continue to rise and the aviation sector recovers from the pandemic, the general aviation market is poised for significant expansion.

Market Restraints and Challenges

High manufacturing cost and affordability factors affecting the industry growth negatively

The escalating prices of new general aviation (GA) aircraft present a significant constraint on the growth and sustainability of the general aviation market. The affordability gap between average incomes and the cost of new GA airplanes has widened dramatically over the decades. As highlighted in industry discussions and forums, the prices of GA aircraft have surged well beyond the reach of the average consumer. For instance, the price inflation of popular models like the Cessna 172 and Piper Cherokee has far outpaced the growth of average incomes in the United States. Such affordability challenges deter aspiring pilots and aircraft owners, hindering the potential expansion of the GA market and limiting its accessibility to a broader demographic. Moreover, the manufacturing cost structures within the general aviation industry contribute to the restraint on market growth. Low production volumes and the labor-intensive nature of aircraft manufacturing processes result in higher per-unit costs for GA aircraft.

Threats Of Cyber Attacks

The increasing threat of cyberattacks poses a significant impediment to the growth of the general aviation market. The  aviation sector, encompassing airports, airlines, aircraft, and their associated service providers, is becoming an attractive target for malicious actors due to the vast amount of personal data involved, including sensitive information like passport and credit card details. The interconnected nature of avionics systems, which are transitioning from isolated networks to connected digital infrastructure, elevates the risks of intrusion, data loss, and service disruption. Cybersecurity vulnerabilities in these systems can lead to severe consequences, affecting navigation, communication, flight control, and overall aviation safety. Hackers employ diverse methods to compromise avionics systems, ranging from remote attacks through wireless communication channels to physical access by maintenance personnel or insiders. The potential impact is highlighted by real-world cases, such as the 2023 incident involving Airbus investigated a data leak involving approximately 3,200 of its vendors after a hacker, using the moniker “USDoD,” accessed an Airbus web portal through a compromised account of an Turkish airline employee. The breach exposed sensitive information such as names, addresses, phone numbers, and emails
of the vendors.

General Aviation Market Report Findings

https://www.globalinsightservices.com/reports/general-aviation-market/

The engine segment is anticipated to dominate the market during the forecast period

Based on component, the market is segmented into avionics, airframes, landing gear, engine, aircraft tires, aircraft tubes, and others. Further, the aircraft tires are sub-segmented into radial-ply tires and bias-ply tires. The engine segment is anticipated to dominate the market during the forecast period. Continuous technological progress is a major factor behind the development of engine component in the general aviation industry. Manufacturers dedicate substantial resources to research and development, focusing on improving performance, efficiency, and reliability. Incorporating advanced materials, better combustion technologies, and optimized designs is pivotal for creating more potent and fuel-efficient engines. Thus, engine segment plays a crucial role in expanding the general aviation market globally in the coming years. Additionally, there is a significant demand for engine components that are both fuel-efficient and environmentally friendly. The demand for fuel-efficient and environmentally sustainable solutions is a key driver shaping engine component trends.

With increasing awareness of climate change and environmental impact, there is a growing emphasis on developing engines that reduce fuel consumption and emissions. Manufacturers are exploring technologies like turbocharging, direct injection, and advanced fuel systems to achieve higher efficiency and reduce the environmental footprint of engines.

The business jet segment is anticipated to dominate the market during the forecast period

Based on type, the market is segmented into helicopters, piston fixed-wing aircraft, turboprop aircraft, and business jets. The business jet segment is anticipated to dominate the market during the forecast period. Business jets are driven by the need for time efficiency and productivity in the general aviation market. Executives and
high-net-worth individuals prioritize saving time, and business jets offer direct point-to-point travel without the
constraints of commercial airline schedules. This allows executives to maximize productivity by reducing travel time and avoiding layovers, making business jets a strategic tool for efficient business operations. Additionally, the globalization of businesses is a significant factor driving the demand for business jets. As companies expand globally, there is a growing need for swift and seamless international travel. Business jets provide the flexibility to reach various locations efficiently, allowing executives to conduct meetings, negotiate deals, and oversee operations across multiple regions without the limitations of commercial air travel. The ability to connect key business hubs directly contributes to the sustained demand for business jets.

Moreover, customization is highly valued by corporate clients, and business jets offer precisely that. From selecting specific departure times to choosing smaller, more convenient airports closer to their destinations, business jets provide unmatched flexibility and personalization compared to commercial airlines. The luxurious interiors of business jets enhance the overall travel experience, making them the preferred choice for individuals and companies seeking a premium and comfortable mode of transportation.

The corporate segment is anticipated to dominate the market during the forecast period

Based on application, the market is segmented into corporate and private.The corporate segment is anticipated to dominate the market during the forecast period. The segment was valued at USD 16,899.2 Million in 2023 and it is anticipated to grow at a CAGR of 4.3% during the forecast period. One of the main reasons corporations use general aviation is to save time and be more efficient. Private aircraft allow companies to transport their executives and key personnel directly to their destinations, avoiding the constraints of commercial airline schedules and reducing overall travel time. This not only makes business travel more productive but also allows for flexible and strategic business planning. Thus, corporate segments plays a crucial role in expanding the general aviation market globally in the coming years.

Additionally, the increasing globalization of businesses has led to a higher demand for corporate aviation is one of the significant drivers in the global general aviation market. Companies with international operations need quick and seamless travel between locations. Private jets and other general aviation options enable executives to conduct business meetings, negotiate deals, and oversee operations across multiple regions without the limitations of commercial air travel. Moreover, the growth of corporate aviation is also influenced by advancements in communication technologies. Private aircraft equipped with advanced communication systems enable real-time connectivity. This helps executives stay connected and conduct business operations while in transit, which is crucial in the fast-paced global business environment.

The North America region is likely to hold the major share of the market in 2023

Based on region, the market is studied across North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The North America General Aviation Market is growing at a rate of 4.0% from 2024 to 2033.
North America has experienced significant growth in general aviation for several factors. The region has a robust
infrastructure and regulatory framework that supports the industry’s expansion. The Federal Aviation Administration (FAA) oversees aviation operations in the United States and ensures safety standards are met, providing confidence to both operators and passengers. According to FAA data, there were approximately 211,000 general aviation aircraft in the United States as of 2021, highlighting the substantial presence of the sector in North America. Moreover, technological advancements and innovation have played a crucial role in driving growth in general aviation across North America. The development of advanced avionics, including GPS navigation systems and digital cockpit displays, has enhanced the safety and efficiency of general aviation operations.

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Competitive Landscape

The Prosthetics & Orthotics Market includes players such as Airbus, Bombardier Inc., Cirrus Design Corporation (Aviation Industry Corporation of China (AVIC), Dassault Aviation, Dunlop Aircraft Tyres Limited (Sumitomo Rubber Industries, Ltd.), General Dynamics Corporation, The Goodyear Tire & Rubber Company, Honda Motor, Pilatus Aircraft, Robinson Helicopter, Leonardo S.p.A., Michelin, Textron, and Desser Holdings (VSE Corp).

General Aviation Market: Recent Developments

  • In January 2024, Airbus, in line with its commitment to ‘Skill India’, has teamed up with Air India to establish a state-of-the-art pilot training center in Gurugram, Haryana. The Tata Airbus Training Centre will provide A320 and A350 flight training to 5,000 new pilots over a decade. Additionally, Airbus has partnered with GMR Aero Technic to offer Aircraft Maintenance Engineering courses in Hyderabad. These initiatives aim to address India’s growing demand for skilled aviation professionals, with the country projected to require 41,000 pilots and 47,000 technicians over the next 20 years.
  • In January 2024, Airbus formed a 50:50 joint venture with Tata-owned Air India to establish a pilot training center in Gurugram, Haryana. Named the Tata Airbus Training Centre, it will provide A320 and A350 flight training to around 5,000 new pilots over a decade. The center, spanning 3,300 sq. mt., will feature 10 Full Flight Simulators (FFS) along with flight training classrooms and briefing and debriefing rooms, offering a comprehensive Airbus Flight Training Device setup.
  • In November 2023 Dassault Aviation announced the opening of a new company-owned service center at São Paulo’s recently inaugurated Catarina International Executive Airport. The facility, which replaced Dassault’s
    former center at Sorocaba, opened its doors in early 2024. Spanning nearly 40,000 square feet, it could accommodate up to five Falcon aircraft, including the new ultra-long range Falcon 10X. Named Dassault
    Falcon Jet Catarina, the center offered line maintenance and PrePurchase Evaluation (PPE) programs for Brazilian-registered Falcons in the Falcon 7X and Falcon 2000 family.
  • In September 2023, Cirrus Aircraft recently opened its Innovation Center in September 2023 at Duluth International Airport in Minnesota. The 189,000-square-foot facility includes labs for material testing, integration testing, and advanced design. Over 30 engineers and technicians have been hired since 2022, bringing the total team to over 300.

General Aviation Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current General Aviation Market outlook and estimations from 2023 to 2033, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of the General Aviation Market in terms of revenue ($Million) and volume (Thousand Units).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the General Aviation industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country, market analysis is also presented in this report.
  • The General Aviation Market Study comprises an analysis of 23 countries . The research also encompasses a segment analysis of every country in terms of value (USD Million), and Volume (Thousand Units) throughout the study period.
  • Analytical depiction of the General Aviation Market along with current trends and future estimations to depict imminent investment pockets. The overall General Aviation industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the General Aviation Market are also analyzed.
  • The report also involves market strategy factors such as the ANSOFF Matrix, 4Ps Model, Demand-Supply Analysis, Competition Product Analysis, Recent Developments, Consumer Buying Interest, and Supply Chain Analysis among others.

Market Segmentation

By Component

  • Avionics
  • Airframes
  • Landing Gear
  • Engine
  • Aircraft Tires
    • Radial-ply Tires
    • Bias-ply Tires
  • Aircraft Tubes
  • Others

By Type

  • Helicopters
  • Piston Fixed-wing Aircraft
  • Turboprop Aircraft
  • Business Jet

By Application

  • Corporate
  • Private

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
    • Switzerland
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Key Players

Read More

Electric Vehicle Wireless Charging Market
December, 2023

New York, January 2024: According to a new research study by Global Insight Services (GIS), the Electric Vehicle Wireless Charging Market is expected to grow rapidly over the next 10 years to reach at a CAGR of 37.0% from 2023-2033.

Electric Vehicle Wireless Charging (EVWC) is a system that allows electric vehicles to be charged without the need for a physical connection between the vehicle and the charging station. The EVWC system uses inductive charging, which uses an electromagnetic field to transfer energy between two coils. One coil is located on the ground, and the other is located on the underside of the vehicle.

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Global Electric Vehicle Wireless Charging Market: Market Drivers and Trends

The increasing popularity of wireless electric vehicle charging solutions is expected to drive market growth. As the number of electric vehicle owners continues to rise, there is a growing need for more public charging stations. Anticipated future growth in the electric car market suggests an increased demand for fast charging options to accommodate various use cases. The convenience of charging electric vehicles anytime and anywhere they are parked, without the need for a grid connection, further contributes to the expanding adoption of wireless charging. This global trend is not only beneficial for reducing pollution but also has a substantial impact on the overall market.

Global Electric Vehicle Wireless Charging Market: Market Restraints and Challenges

The Electric Vehicle Wireless Charging Market faces several market restraints that impact its widespread adoption. One significant challenge is the high initial cost associated with deploying wireless charging infrastructure, including the installation of charging pads and communication systems. Additionally, the limited charging efficiency compared to traditional wired methods and concerns about the potential electromagnetic interference pose technical hurdles. Range anxiety among consumers, driven by the current limitations in wireless charging infrastructure, also hampers market growth. Moreover, standardization issues and the need for a cohesive regulatory framework further impede the seamless integration of wireless charging technology into the electric vehicle ecosystem. Addressing these restraints will be crucial for the broader acceptance and success of wireless charging solutions in the electric vehicle market.

Global Electric Vehicle Wireless Charging Market Report Findings

https://www.globalinsightservices.com/reports/electric-vehicle-wireless-charging-market/

The BEV segment is likely to hold the major share of the market in 2023

Based on vehicle type, market is sub-categorised into BEV, PHEV, and CEV. In 2023, the BEV segment accounted for the significaant share of the overall revenue. The Battery Electric Vehicle (BEV) segment is experiencing robust growth in 2023 as the automotive industry continues to pivot towards sustainable solutions. BEVs, powered solely by electric batteries, are gaining popularity due to their zero-emission nature and advancements in battery technology, enhancing their range and performance. The demand for wireless charging solutions in the BEV segment is witnessing a notable upswing, driven by the convenience and efficiency they offer. This growth is further fueled by increasing consumer awareness, government incentives, and a growing commitment from automakers to expand their electric vehicle portfolios. As infrastructure for wireless charging continues to develop, the BEV segment is poised to play a pivotal role in shaping the future of electric mobility.

The CWPT segment is likely to hold the major share of the market in 2023

Based on charging method, market is sub-categorised into CWPT, MGWPT, RIPT, and IPT. In 2023, the CWPT segment accounted for the significaant share of the overall revenue. The Continuous Wireless Power Transfer (CWPT) emerging as a pivotal charging method. CWPT stands out due to its ability to provide uninterrupted and seamless charging experiences for electric vehicles. This technology allows vehicles to charge dynamically while in motion or at stationary charging points, enhancing the convenience and efficiency of electric vehicle charging infrastructure. As the EVWC market evolves, the segment growth of CWPT is anticipated to play a crucial role in shaping the future landscape of electric vehicle charging, fostering increased adoption and addressing the growing demand for sustainable and accessible charging solutions.

The Above 11 kW segment is likely to hold the major share of the market in 2023

Based on Power Supply, market is sub-segmented into Up to 3.7 kW, Above 3.7–7.7 kW, Above 7.7–11 kW, Above 11 kW, and Others. Among these, in 2023, above 11 kW segment dominated the global market. notable surge in growth within the Above 11 kW segment, primarily driven by the increasing demand for high-powered charging solutions. As electric vehicles become more prevalent, the need for faster and more efficient charging methods has intensified, especially in commercial and public charging infrastructure. The Above 11 kW segment, catering to larger EVs and fleet applications, is witnessing heightened adoption due to its ability to deliver rapid charging, reducing downtime for electric vehicles and enhancing overall operational efficiency. This trend  highlights a crucial shift towards advanced charging technologies, propelling the EV industry further into a sustainable and convenient future.

The Commercial Charging Station segment is likely to hold the major share of the market in 2023

On the basis of application, market is divided into Commercial Charging Station, and Home Charging Unit. Out of these, Commercial Charging Station,segment is expected to witness the fastest growth rate during the forecast period. It is due to the increasing adoption of electric vehicles (EVs) in commercial fleets and urban transportation systems. As businesses and municipalities embrace sustainable mobility solutions, the demand for efficient and convenient charging infrastructure for commercial EVs is on the rise. Commercial charging stations offer a practical solution for fleets of electric taxis, delivery vehicles, and public transportation, addressing the need for quick and reliable charging to minimize downtime. Moreover, the integration of wireless charging technology enhances the user experience, providing a seamless and automated charging process. Hence, it is expected to continue as the electrification of commercial transportation gains momentum, contributing significantly to the expansion of the Electric Vehicle Wireless Charging Market in the commercial segment.

The OEMS segment is likely to hold the major share of the market in 2023

Based on distribution channel, industry is segmented into OEMS, and After Market Among these, OEMS segment dominating in 2023, holding the majority share of revenue. This is attributed to the as automakers increasingly integrate wireless charging technology directly into their electric vehicle (EV) designs. OEMs play a pivotal role in shaping the future of electric mobility by offering seamless wireless charging solutions as part of their vehicle packages. This trend is driven by the growing consumer demand for convenience and innovation in the EV sector. By collaborating with wireless charging technology providers, OEMs are not only enhancing the overall user experience but also contributing to the widespread adoption of electric vehicles, ultimately propelling the OEMs segment’s expansion within the electric vehicle wireless charging market.

The North America region is accounted for the majority of market share in 2023

Based on region, market is studied across North America, Europe, Asia-Pacific, and Rest of the World. In 2023, The North America segment in the Electric Vehicle Wireless Charging Market has witnessed robust growth, driven by increasing consumer adoption of electric vehicles (EVs) and a growing emphasis on sustainable transportation solutions. The region’s commitment to reducing carbon emissions, coupled with supportive government initiatives and incentives for EV adoption, has spurred demand for wireless charging infrastructure. Key players in the market are actively expanding their presence in North America, contributing to the proliferation of wireless charging stations. Moreover, advancements in technology, such as higher charging efficiencies and improved user experience, further fuel the market’s momentum in North America, positioning the region as a significant player in the global electric vehicle wireless charging market.

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Competitive Landscape

Some prominent participants in the Electric Vehicle Wireless Charging Market Report includes Witricity, ElectReon, InductEV Inc., Plugless Power Inc., Wave Charging, Evatran Group Inc., IPT Technology Inc., Continental AG, Shenzhen VMAX New Energy Co., Ltd, HEVO Inc. among others.

Global Electric Vehicle Wireless Charging Market: Recent Developments

  • In September 2023, Genesis, the luxury division of Hyundai based in South Korea, has decided to discontinue its efforts in developing wireless electric-car chargers. This decision comes as a result of limited customer demand and interest. Genesis has begun the process of shutting down its wireless electric-car charging operations, which included chargers at two of its own showrooms in Seoul, along with one at a Hyundai showroom.
  • In July 2023, Tesla has finalized its purchase of the wireless charging company Wiferion. This acquisition comes shortly after Tesla suggested it was working on a wireless charging system for its electric vehicles.
  • In July 2023, indie Semiconductor, an automotive semiconductors and solutions company, introduced a system-on-chip (SoC) for wireless power charging. The iND87200 SoC sets a new standard in integration, providing a comprehensive solution for developing cost-effective in-cabin portable device charging designs that meet the WPC ‘Qi’ standard. This innovative offering from indie Semiconductor simplifies and expedites the development process, enabling automotive manufacturers to incorporate efficient and reliable wireless charging capabilities in their vehicles.
  • In November 2022, Motherson, an auto component manufacturer, partnered with Aira, a consumer electronics company, to accelerate the developments in wireless charging for car interiors. This new partnership aims to provide exceptional wireless charging modules that seamlessly integrate into the interior of new vehicles, to deliver a superior user experience.
  • In August 2022, MAHLE, a technology group, and Siemens, an automation company, entered a collaborative agreement to explore wireless charging systems for electric vehicles. Through this partnership, both companies aim to work together on developing and testing comprehensive infrastructure and automotive engineering systems for wireless charging. This cooperation enables them to leverage their expertise and resources to drive advancements in wireless charging technology and contribute to the growth of electric mobility.
  • In July 2022, Plantronics AG, a wireless charging applications provider, partnered with Luxshare-ICT, an electronic component manufacturing company, to accelerate the adoption of NFC wireless charging in consumer and computing devices. With this partnership, the company aims to offer pre-built solutions for NFC wireless charging, facilitating seamless integration of wireless charging capabilities into a wide range of consumer electronics products.
Electric Vehicle Wireless Chargings Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Electric Vehicle Wireless Chargings Market outlook and estimations from 2023 to 2033, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of the Electric Vehicle Wireless Chargings Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Electric Vehicle Wireless Chargings industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country, market analysis is also presented in this report.
  • The Electric Vehicle Wireless Chargings Market Study comprises an analysis of 23 countries. The research also encompasses a segment analysis of every country in terms of value (USD Million) throughout the study period.
  • Analytical depiction of the Electric Vehicle Wireless Chargings Market along with current trends and future estimations to depict imminent investment pockets. The overall Electric Vehicle Wireless Chargings industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Electric Vehicle Wireless Chargings Market are also analyzed.
  • The report also involves market strategy factors such as the ANSOFF Matrix, 4Ps Model, Demand-Supply Analysis, Competition Product Analysis, Recent Developments, Consumer Buying Interest, and Supply Chain Analysis among others.
Market Segmentation

By Vehicle Type

  • BEV
  • PHEV
  • CEV

By Charging Method

  • CWPT
  • MGWPT
  • RIPT
  • IPT

By Power Supply

  • Up to 3.7 kW
  • Above 3.7–7.7 kW
  • Above 7.7–11 kW
  • Above 11 kW

By Application

  • Commercial Charging Station
  • Home Charging Unit

By Distribution Channel

  • OEMS
  • After Market

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa
Key Players
Read More

Electric Scooters Market
December, 2023

New York, January 2024: According to a new research study by Global Insight Services (GIS), the Electric Scooters Market is expected to grow rapidly over the next 10 years to reach a value of more than USD 88.7 billion by 2033, at a CAGR of 10.2% during the forecast period.

An electric scooter is a two-wheeled, battery-powered personal transportation device designed for short-distance urban commuting. Characterized by its compact size and electric motor, these scooters are environmentally friendly and contribute to reduced emissions in urban areas. Typically featuring a handlebar for steering and a platform for the rider’s feet, electric scooters are gaining popularity as an efficient and convenient mode of transportation, offering an alternative to traditional gasoline-powered vehicles for short trips and last-mile connectivity.

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Global Electric Scooters Market: Market Drivers and Trends

The global electric scooters market is witnessing significant growth, driven by the increasing demand for fuel-efficient vehicles and a growing awareness of Greenhouse Gas (GHG) emissions. Stringent emission norms set by government agencies worldwide, such as the U.S. Environmental Protection Agency (EPA) and BS-VI in India and China, are fostering the adoption of electric scooters. E-scooters, known for their high mechanical efficiency and low maintenance requirements, are gaining popularity, especially as they become part of shared mobility ecosystems. Despite initial challenges during the COVID-19 pandemic, the industry is experiencing a resurgence post-pandemic, fueled by government initiatives, tax rebates, and policy changes. Companies like Razor, Lime, and Bird, involved in e-scooter sharing services, are contributing to this growth, along with incentives for battery-operated two-wheelers. The focus on sustainable urban mobility, smart transportation infrastructure, and global government subsidies further support the positive growth of the electric scooters market.

Moreover, as global awareness of greenhouse gas emissions and environmental concerns rises, governments worldwide are actively offering subsidies to encourage the adoption of electric vehicles, including electric scooters. For instance, Austria is planning to provide subsidies ranging from 700 to 800 euros for class L1e electric two-wheelers and from 1,000 to 1,200 euros for class L3e electric two-wheelers, encompassing e-mopeds, e-motorbikes, e-bikes, and e-cargo bikes. Moreover, various states have implemented financial incentives such as rebates, tax credits, and registration fee reductions to promote the widespread adoption of electric vehicles, contributing to the increasing demand for electric scooters. The growing awareness among consumers about the benefits of electric bikes is anticipated to further bolster market growth in the years to come.

Global Electric Scooters Market: Market Restraints and Challenges

A key challenges for the electric scooter market is regulatory uncertainty. Governments worldwide are struggling to establish clear and straightforward rules for the use of electric scooters on public roads. This lack of clarity has created confusion for both users and manufacturers, impeding market growth in certain regions.

Moreover, the widespread adoption of electric scooters is contingent upon the development of a robust charging infrastructure and clear regulatory frameworks that address issues such as safety standards, parking regulations, and traffic management. The absence of a standardized infrastructure and evolving regulations pose obstacles to seamless integration into urban mobility systems. Additionally, concerns regarding battery technology limitations, including range anxiety and charging times, impact consumer confidence.

Furthermore, competition from alternative modes of transportation. Despite being convenient and environmentally friendly, electric scooters face tough competition from bicycles, electric cars, and public transport. To stay competitive, manufacturers of electric scooters must consistently innovate and enhance their products.

Global Electric Scooters Market Report Findings

https://www.globalinsightservices.com/reports/electric-scooters-market/

The Hub Motors segment is likely to hold the major share of the market in 2023

Based on Drive Type, market is sub-categorised into Belt Drive, Chain Drive, and Hub Motors. In 2023, the hub motor segment accounted for the significaant share of the overall revenue. The segment growth driven by the increasing demand for efficient and reliable electric mobility solutions. Hub drive systems, characterized by their integrated motor within the wheel hub, offer a seamless and compact design, enhancing the overall performance of electric scooters. This drive type contributes to improved maneuverability and reduced maintenance requirements, making it an attractive choice for consumers. As urban mobility continues to evolve towards sustainable alternatives, the hub drive segment is poised to play a pivotal role in shaping the future of electric scooters, providing a compelling combination of innovation and practicality.

Moreover, efficiency of hub drive systems, providing seamless power transmission, quieter operations, and minimal repair and maintenance requirements compared to alternative motor types. Notably, the favorable characteristics of hub drive systems have encouraged industry leaders such as Yadea Technology Group Co. Ltd., NIU International, and Yamaha Motor Corp. to introduce a diverse range of e-scooters featuring this technology. This trend highlights the. superior performance and advantages offered by hub drive technology, indicating a transition towards their extensive adoption in the electric scooter industry.

The Li-ion segment is likely to hold the major share of the market in 2023

Based on battery technology, market is sub-segmented into Lead Acid, Li-ion, and Others. Among these, in 2023, Li-ion segment dominated the global market. This is attributed to the widespread adoption of Lithium-ion (Li-ion) batteries. Li-ion batteries have become the preferred power source for electric scooters due to their higher energy density, longer lifespan, and lighter weight compared to traditional battery technologies. Moreover, the rising demand for environmentally friendly batteries and the increasing requirement for high-performance alternatives, like Li-ion and NiMH, are propelling the popularity of battery-operated e-scooters. These batteries are sought after due to their advantages, including superior charging-discharging efficiency, elevated charge density, and reduced weight. This shift has not only enhanced the overall performance of electric scooters but also contributed to increased consumer confidence in terms of range, charging efficiency, and durability.

Furthermore, the lithium carbon battery, a cutting-edge technology developed by MAHLE Powertrain and Allotrope Energy, has the potential to revolutionize EV charging. Combining the strengths of traditional lithium-ion batteries and supercapacitors, this innovation enables ultra-fast recharging with excellent power density, comparable to refueling times for internal combustion vehicles. Notably, lithium carbon cells are fully recyclable, devoid of rare-earth metals, and resistant to runaway reactions, offering an environmentally friendly alternative. These advancements in battery technology, including the lithium carbon battery, are expected to drive the growth of the electric scooter market. To meet the escalating demand for electric scooters, manufacturers must continue to pioneer new and innovative technologies aligned with evolving market trends.

The Above 96V management segment is likely to hold the major share of the market in 2023

On the basis of voltage type, market is divided into 48-59V, 60-70V, 73-96V, and Above 96V. Out of these, above 96V segment is expected to witness the fastest growth rate during the forecast period. This surge can be attributed to the heightened demand for electric scooters with enhanced power capabilities, catering to the evolving needs of consumers seeking higher performance and extended range. The above-96V segment signifies a pivotal shift towards more powerful and technologically advanced electric scooters, reflecting the the increasing expectations of eco-conscious riders. As innovation continues to drive the market, manufacturers are strategically focusing on this voltage category to deliver cutting-edge solutions that redefine the standards of electric mobility.

Furthermore, higher voltage translates into increased power and torque, delivering superior acceleration and performance on various terrains. This elevated voltage not only extends the scooter’s range but also contributes to faster charging times, enhancing overall efficiency and convenience for riders. With above-96V electric scooters, manufacturers are able to meet the rising demand for high-performance and technologically advanced solutions, offering riders an exhilarating and eco-friendly commuting experience.

The personal segment is likely to hold the major share of the market in 2023

Based on end-user, industry is segmented into Personal, and Commercial. Among these, personal segment dominating in 2023, holding the majority share of revenue. E-scooters are transforming personal transportation due to their eco-friendliness, affordability, lightweight design, low maintenance, and easy maneuverability, making them a popular choice, especially among millennials and those with lower incomes. Manufacturers are incorporating connected vehicle technology for an enhanced driving experience. E-scooter adoption is expected to rise further with manufacturers focusing on private charging stations. The commercial segment is anticipated to show the fastest growth, offering an economical option for last-mile delivery in various settings such as factories, universities, warehouses, and large industrial sites. Additonally, increasing adoption of electric scooters for various business purposes. Businesses across diverse industries, such as last-mile delivery, ride-sharing services, and corporate fleets, are increasingly recognizing the economic and environmental benefits of electric scooters. The versatility, cost-effectiveness, and eco-friendly nature of electric scooters make them a preferred choice for commercial applications. This trend is expected to continue as businesses seek sustainable and efficient mobility solutions, contributing to the continued expansion of the electric scooter market within the commercial segment.

The Asia Pacific region is accounted for the majority of market share in 2023

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2023, Asia Pacific dominated the global electric scooter industry, contributing over three-fourths of the total revenue. Key e-scooter manufacturers, predominantly from China, Taiwan, and Japan, hold the majority of the market share worldwide. China, in particular, not only stands out as a leading consumer but also as a major producer and exporter of electric scooters, with companies like Yadea, Jiangsu Xinri Electric Vehicle Co., Ltd., Zhejiang Luyuan, AIMA Group, and Niu International playing active roles. The region’s growth is propelled by factors such as rapid urbanization, the increasing affordability of e-scooters, and rising awareness among consumers about eco-friendly transportation to combat vehicle emissions. Additionally, ongoing research and development activities are poised to further boost the market in the coming years. Meanwhile, Japanese giants like Honda, Yamaha, Suzuki, and Kawasaki have entered the e-scooter market, intensifying competition in Asia.

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Competitive Landscape

The key players studied in the global Electric Scooters Market are  Hero Electric (India), Yadea Technology Group (China), NIU International (China), Mahindra GenZe (U.S), Ather Energy Pvt. Ltd. (India), Gogoro Inc. (Taiwan), Terra Motors Corporation (Japan), Okinawa Autotech (India), Vmoto Limited (Australia), and Torrot Group (Spain), among others.

Global Electric Scooters Market: Recent Developments

  • In July 2023, BMW’s New eParkourer and Gogoro’s Sustainability Initiatives. BMW Motorrad launched the BMW CE 02, an ‘eParkourer,’ with two performance variants reaching top speeds of 95 kmph and 45 kmph. Featuring a TFT display, USB-C charging, and a companion app, it offers a tech-savvy riding experience. Simultaneously, Gogoro partnered with MUJI for the “Recycling for Good” initiative, creating a ‘Smartscooter’ from recycled polypropylene. This sustainable venture aims to empower consumers and build a greener future.
  • In April 2023, Gogoro Expands to the Philippines. Gogoro, in collaboration with Globe Group and Ayala Corporation, introduced Smartscooters and battery-swapping technology in the Philippines. Addressing daily issues and promoting sustainable transportation, this move marks Gogoro’s entry into the country, further expanding its presence beyond Taiwan, China, India, Indonesia, Korea, Japan, and Israel.
  • In February 2023, Xiaomi unveiled a range of AIoT products, including the Xiaomi Electric Scooter 4 Ultra. Boasting a dual suspension system, self-sealing DuraGel Tires, and a top speed of 25 kmph, the scooter enhances rider experience. With a driving range of 70 kms and IP55 certification, Xiaomi continues to innovate in the electric scooter market.
  • In April 2022, Terra Motors announced a strategic partnership with Sun Motors in India. The collaboration aims to integrate Terra Motors’ 3-wheeler and 2-wheeler offerings with SUN Mobility’s swappable battery-based energy solution, facilitating deployment in northern and eastern Indian cities through SUN Mobility’s SWAP POINTS.
  • In March 2022, Yamaha Motor Co., Ltd. released the 2.5 kW class NEO’S electric scooter in Europe in March 2022. Leveraging the Yamaha Integrated Power Unit II, the scooter offers a 37 km driving range on a fully-charged battery. With low-loss tires for energy efficiency, Yamaha taps into the growing demand for 2-wheeler electric alternatives in the European market.

Global Electric Scooters Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Electric Scooters Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future global Electric Scooters Market potential from 2022 to 2032 in terms of revenue ($ Million).
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global Electric Scooters Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Electric Scooters Market industry.

Electric Scooter Market Segmentation:

By Drive Type

  • Belt Drive
  • Chain Drive
  • Hub Motors

By Battery Technology

  • Lead Acid
  • Li-ion
  • Others

By Voltage Type

  • 48-59V
  • 60-70V
  • 73-96V
  • Above 96V

By End-user

  • Personal
  • Commercial

By Region:

  • North America
    • The U.S.
    • Canada
    •  Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    •  South Korea
    • Australia
    •  Singapore
    •  Indonesia
    • Taiwan
    • Malaysia
    •  Rest of Asia-Pacific
  • Rest of the World
    •  Latin America
    •  The Middle East
    • Africa

Key Players:

Read More

Repeater Compass Market
December, 2023

Repeater Compass Market to Reach USD 1,000.6 million by 2032, driven by the e increasing demand for advanced avionics systems in the aerospace industry: Global Insight Services

New York, December 2023: According to a new research study by Global Insight Services (GIS), the global Repeater Compass Market is expected to grow rapidly over the next 10 years to reach a value of more than USD 1,000.6 million by 2032.

A repeater compass is a navigational instrument used in maritime and aviation settings to provide a reliable and redundant display of a vessel or aircraft’s heading information. It functions by receiving signals from a master compass system and then repeating this information at a remote location within the vehicle. This ensures that crucial heading data is easily accessible to multiple individuals or systems on board, promoting navigation accuracy and safety. Repeater compasses are particularly valuable in scenarios where a single master compass may be located in a position not easily visible or accessible to all relevant personnel, allowing for efficient and decentralized monitoring of heading information.

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Repeater Compass Market: Key Trends and Drivers

One significant driver propelling the Repeater Compass Market is the increasing demand for precise navigation and positioning solutions in maritime and aviation sectors. As these industries continue to expand and modernize, the need for reliable and accurate navigation instruments becomes paramount to ensure safe and efficient operations. Repeater compasses play a crucial role in providing real-time heading information, aiding in course correction, and enhancing overall navigation accuracy. With the growing emphasis on safety, fuel efficiency, and compliance with stringent regulations, organizations are increasingly adopting advanced repeater compass technologies to bolster their navigation systems. This trend is further accentuated by the rising global trade activities, maritime transportation, and air travel, driving the demand for sophisticated repeater compass solutions that can withstand diverse environmental conditions and deliver precise navigation data for seamless and secure journeys.

Repeater Compass Market: Restraints and Challenges

One significant restraint facing the repeater compass market is the increasing competition from alternative navigation technologies and systems. As advancements in satellite-based navigation technologies, such as GPS (Global Positioning System), continue to evolve and offer highly accurate and reliable positioning information, the demand for traditional repeater compass systems may face a decline. Users are increasingly inclined towards integrated and multifunctional navigation solutions that combine various sensor inputs, including GPS, inertial navigation systems, and electronic compasses, providing more comprehensive and precise navigation data. This trend poses a challenge for repeater compass manufacturers to differentiate their products and justify their continued relevance in the face of these technologically advanced alternatives, thereby impacting the market growth potential for repeater compasses. Additionally, concerns about electromagnetic interference, calibration issues, and the need for periodic maintenance could further contribute to the restraints on the widespread adoption of repeater compasses in certain applications.

Repeater Compass Market Report Findings

https://www.globalinsightservices.com/reports/repeater-compass-market/

The largest and fastest-growing market category is Magnetic Compass

On the basis of  Type, the Repeater Compass Market is segmented into Magnetic Compass, Gyrocompass, and Others. Among these, in 2022, the Magnetic Compass segment has exhibited robust growth owing to its pivotal role in maritime navigation. As maritime industries continue to expand and modernize, the demand for reliable and accurate compass systems has intensified. Magnetic Compass repeaters, which replicate the readings of the master compass for convenient viewing from different locations on a vessel, have gained prominence due to their effectiveness in providing real-time heading information. The segment’s growth is further fueled by advancements in technology, such as digital interfaces and integration with navigation systems, enhancing the overall performance and usability of Magnetic Compass repeaters. As industries emphasize navigational precision and safety, the Magnetic Compass segment is poised for sustained expansion in the dynamic landscape of the Repeater Compass Market.

The largest and fastest-growing market category is Digital

On the basis of  Display, the Repeater Compass Market is segmented into Digital, Analog, and Others. Among these, in 2022, the digital segment growth, with an increasing preference for advanced technologies. The adoption of digital repeater compass systems is driven by their enhanced accuracy, reliability, and user-friendly interfaces. These digital solutions offer improved precision in navigation, contributing to safer maritime operations. Additionally, features such as digital displays, user customization, and connectivity options have bolstered the appeal of digital repeater compasses among users. As the maritime industry continues to prioritize technological advancements, the digital segment within the Repeater Compass Market is poised for sustained expansion, catering to the evolving needs of navigation and positioning in a variety of maritime applications.

The largest and fastest-growing market category is Motorboats

On the basis of  application, the Repeater Compass Market is segmented into Motorboats, Sailboats, Cruise Ships, Naval Vessels, and Others. Among these , in 2022, the Motorboats segment has emerged as a key driver for the growth, showcasing a notable surge in demand. As marine enthusiasts and professionals increasingly rely on advanced navigation systems for precise direction and accurate positioning, repeater compasses have become indispensable components within motorboats. These compact and efficient devices provide real-time heading information, ensuring safe and reliable navigation even in challenging marine environments. The Motorboats segment’s robust growth in the Repeater Compass Market can be attributed to the heightened emphasis on navigational accuracy, safety, and the integration of cutting-edge technologies in the marine industry, positioning repeater compasses as essential tools for enhancing overall navigation capabilities in motorized watercraft.

The largest and fastest-growing market category is Online

Based on Distribution Channel, the Repeater Compass Market is segmented into Online, and  Offline. Out of these, in 2022, online segment is experiencing significant growth. The online segment’s rapid ascent is underpinned by the increasing digitalization of commerce and a growing consumer preference for convenient and efficient purchasing experiences. Online platforms provide customers with unparalleled accessibility to a diverse range of repeater compass products, allowing for easy comparison, reviews, and seamless transactions. The convenience of online shopping, coupled with robust e-commerce infrastructure, has propelled the market’s growth as consumers increasingly turn to digital channels for their repeater compass needs. This trend is likely to persist, shaping the industry landscape and fostering continued expansion in the online distribution segment of the Repeater Compass Market.

Geographical Analysis of Repeater Compass Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2022, North America region has witnessed remarkable growth, driven by increasing maritime activities, advancements in navigation technologies, and a rising demand for precise and reliable navigation solutions. The region’s expanding shipping industry, coupled with stringent safety regulations, has propelled the adoption of repeater compass systems across various marine applications. Additionally, the integration of innovative features and digital enhancements in these compasses has further fueled their popularity. As businesses and governments prioritize efficient navigation solutions, the North American Repeater Compass Market is poised for continued expansion, with sustained investments in research and development contributing to the market’s robust growth trajectory.

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Competitive Landscape

The key players studied in the report are Ritchie Navigation, Weems & Plath, Raytheon Anschütz, Furuno, Simrad Yachting, KVH Industries, Garmin, Raymarine, Japan Radio Company, and SI-TEX Marine Electronics among others.

Recent Developments

  • In March 2022, Furuno launched the FAP-30BB repeater compass designed for sailboats and motorboats. It features a large 4.3” LCD display and connects with Furuno GPS navigator for enhanced heading accuracy.
  • In January 2021, Raytheon Anschütz introduced SYNAPSIS NX navigation system with radar and ECDIS display options. It can integrate with repeaters through ethernet or serial interfaces.
  • In October 2022, Raytheon Anschütz acquired load monitoring systems provider ew Marine Systems to strengthen its navigation portfolio.
  • In December 2021, Furuno acquired Dutch maritime systems company Eekels Technology for distribution and technological synergies.
  • In March 2021, Raytheon partnered with naval technology firm Terma to provide joint solutions for naval forces including navigation systems.

Repeater Compass Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Repeater Compass Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Repeater Compass Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Solar Vehicle Industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Repeater Compass Market along with the current trends and future estimations to depict imminent investment pockets. The overall Solar Vehicle industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Repeater Compass Market are also analyzed.

Global Repeater Compass Market Segmentation

Market Segmentation

By Type

  • Magnetic Compass
  • Gyrocompass
  • Others

By Display

  • Digital
  • Analog
  • Others

By Application

  • Motorboats
  • Sailboats
  • Cruise Ships
  • Naval Vessels
  • Others

By Distribution Channel

  • Online
  • Offline

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

  • Ritchie Navigation
  • Weems & Plath
  • Raytheon Anschütz
  • Furuno
  • Simrad Yachting
  • KVH Industries
  • Garmin
  • Raymarine
  • Japan Radio Company
  • SI-TEX Marine Electronics
Read More

Solar Vehicle Market
November, 2023

Solar Vehicle Market to Reach USD 2.3 Billion by 2032, driven by the increase in concern about environment pollution and increase in demand for energy-efficient sources: Global Insight Services

New York, November 2023: According to a new research study by Global Insight Services (GIS), the global Solar Vehicle Market is expected to grow rapidly over the next 10 years to reach a value of more than USD 2.3 billion by 2032.

A solar vehicle is an electric vehicle powered primarily by solar energy. These vehicles are equipped with photovoltaic cells embedded in solar panels, which convert sunlight into electrical energy. The generated electricity is then used to propel the vehicle or stored in a battery for later use. Solar vehicles harness renewable energy from the sun, offering a sustainable and environmentally friendly alternative to traditional fossil fuel-powered transportation. The design and efficiency of solar panels, along with advancements in battery technology, play crucial roles in enhancing the practicality and performance of solar vehicles.

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Solar Vehicle Market: Key Trends and Drivers

The solar vehicle market is driven by a confluence of factors propelling the adoption of sustainable transportation solutions. Increasing awareness and concerns about environmental degradation and climate change have spurred a growing demand for eco-friendly alternatives, with solar vehicles offering a promising avenue. Advancements in photovoltaic technology, coupled with improvements in energy storage systems, have enhanced the efficiency and viability of solar-powered vehicles, making them more practical for everyday use. Additionally, governments worldwide are incentivizing the development and adoption of renewable energy solutions, further bolstering the growth of the solar vehicle market. As the automotive industry continues to prioritize sustainability, innovations in solar technology are poised to play a pivotal role in shaping the future of transportation.

Solar Vehicle Market: Restraints and Challenges

The Solar Vehicle Market faces several challenges and restraints that hinder its widespread adoption. One significant limitation is the high initial cost associated with solar-powered vehicles, primarily attributed to the expensive photovoltaic technologies used in their production. The efficiency of solar panels remains a concern, as current technology struggles to harness and convert sunlight into sufficient energy for practical, day-to-day use. Additionally, the limited infrastructure for solar charging stations poses a significant constraint, restricting the convenience and practicality of solar vehicles for everyday consumers. These factors collectively contribute to the slower growth of the Solar Vehicle Market, requiring sustained efforts in technological advancements and infrastructure development to overcome these challenges and drive broader market acceptance.

Solar Vehicle Market Report Findings

https://www.globalinsightservices.com/reports/solar-vehicle-market/

fastest-growing market category is software segment 

On the basis of Electric Vehicle Type, the Solar Vehicle Market is segmented into Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-in Hybrid Electric Vehicle (PHEV)). Out of these, Battery Electric Vehicle (BEV) segment in the Solar Vehicle Market is experiencing robust growth, driven by increasing demand for advanced analytics solutions to enhance public safety and law enforcement efforts. As governments and public safety agencies strive to leverage data-driven insights for crime prevention, emergency response optimization, and overall public security enhancement, there is a rising need for sophisticated software solutions. These include predictive analytics, real-time monitoring, and incident response management tools. The continuous advancements in technology, such as artificial intelligence and machine learning, are further fueling the development of innovative software components, contributing significantly to the expansion of the Solar Vehicle software market.

The largest and fastest-growing market category is cloud-based segment

Based on Battery Type, the Solar Vehicle Market is segmented into Lithium Ion, Lead Acid, and Lead Carbon. The Lithium Ion segment in the Solar Vehicle Market is experiencing robust growth, propelled by the increasing adoption of electric vehicles (EVs) and the growing emphasis on sustainable transportation solutions. Lithium Ion batteries are preferred for solar-powered vehicles due to their high energy density, longer lifespan, and lighter weight, which contributes to enhanced vehicle performance and range. Moreover, advancements in lithium-ion battery technology, such as improved charging efficiency and energy storage capacity, are bolstering their appeal in the solar vehicle sector. As the automotive industry continues its transition towards cleaner energy sources, the Lithium Ion segment is poised to play a pivotal role in shaping the future of solar-powered mobility, fostering a greener and more sustainable transportation landscape.

The largest and fastest-growing market category is Predictive Analytics segment

Based on Solar Panel, the Solar Vehicle Market is bifurcated into Monocrystalline, and Polycrystalline. The Monocrystalline solar panel segment is experiencing robust growth in the Solar Vehicle Market, driven by its superior efficiency and performance. Monocrystalline panels, known for their high energy conversion rates and sleek design, are increasingly becoming the preferred choice for solar-powered vehicles. Their ability to generate more power in limited space, coupled with advancements in manufacturing technology, is enhancing their competitiveness in the market. As the demand for sustainable and eco-friendly transportation solutions rises, the Monocrystalline solar panel segment is poised to play a pivotal role in shaping the future of the Solar Vehicle Market, offering a reliable and efficient energy source for a wide range of electric vehicles.

The largest and fastest-growing market category is Healthcare Emergency Management segment

Based on Vehicle Type, the Solar Vehicle Market is bifurcated into Passenger Vehicle, and Commercial Vehicle. The commercial vehicle segment within the Solar Vehicle Market has experienced noteworthy growth in recent years. As businesses increasingly prioritize sustainability and environmental responsibility, there has been a growing adoption of solar technology in commercial fleets. Solar-powered commercial vehicles offer a dual advantage by reducing operational costs through harnessing renewable energy and contributing to a lower carbon footprint. Logistics and transportation companies, in particular, are exploring solar solutions to enhance the efficiency of their fleets while aligning with global initiatives for cleaner and greener transportation. This trend is expected to continue as advancements in solar technology make it more practical and cost-effective for commercial vehicle applications.

Geographical Analysis of Solar Vehicle Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Solar Vehicle Market in North America has witnessed remarkable growth, driven by increasing awareness of environmental sustainability and a growing emphasis on renewable energy solutions. As governments and consumers alike prioritize clean transportation alternatives, the demand for solar-powered vehicles has surged. Advancements in solar technology, coupled with supportive government policies and incentives, have further accelerated market expansion. The region’s commitment to reducing carbon emissions and fostering innovation in the automotive sector positions North America as a key player in the global shift towards sustainable mobility, with the Solar Vehicle Market poised for continued robust growth in the coming years.

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Competitive Landscape

The key players studied in the report are Lightyear, Sono Motors, Toyota Motor Corporation, Ford Motor Company, Fiat Chrysler Automobiles, America Cruise Car, The Solar Electric Vehicle Company, Venturi Automobiles, Hanergy, and Mahindra Electric Mobility Limited., among others.

Recent Developments

  • In November 2021, Aptera has extenede their world’s first commercial solar vehicle of alpha testing has introduced three new options in exteriror (Black, White and Silver) and interior (Vida, Coast and Codex). Company has started working on Beta vehicles to optimize aerodynamcis and efficiency along with bigger cabin size.
  • In Sep 2021, Sono Motors a germany based solar power car developer is aiming to list their company on Nasdaq to raise capital for future development and production of solar electric vehicle.
  • In July 2021, Lightyear has tested their solar car and register a range of 710 K.M, Company has stated that they will start the commercial production by the first half of 2022 and will get into mass market by 2024.
  • In May 2021, MAN Trucks and Sono Motors partnered to analyze the technical and economic feasibility of integrating Sono Solar technology into MAN’s eTGE electric transporter.
  • In April 2021, Bridgestone partnered with the Netherlands-based startup Lightyear to provide specially developed tires for the upcoming Lightyear One solar car. Turanza Eco EV line of tires is being used, which is known to be helping to boost efficiency and reduce the environmental footprint of the vehicle.

Solar Vehicle Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Solar Vehicle Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Solar Vehicle Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Solar Vehicle Industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Solar Vehicle Market along with the current trends and future estimations to depict imminent investment pockets. The overall Solar Vehicle industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Solar Vehicle Market are also analyzed.

Global Solar Vehicle Market Segmentation

By Electric Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

By Vehicle Type

  • Battery electric vehicle
  • Hybrid electric vehicle
  • Plug-in hybrid electric vehicle

By Battery Type

  • Lithium Ion
  • Lead Acid
  • Lead Carbon

By Solar Panel

  • Monocrystalline
  • Polycrystalline

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

  • Lightyear
  • Sono Motors
  • Toyota Motor Corporation
  • Ford Motor Company
  • Fiat Chrysler Automobiles
  • America Cruise Car
  • The Solar Electric Vehicle Company
  • Venturi Automobiles
  • Hanergy
  • Mahindra Electric Mobility Limited
Read More

Motor Lamination Market
November, 2023

Motor Lamination Market to Reach USD 32.0 Billion by 2032, driven by the growth in advancements in medical device industry: Global Insight Services

New York, November 2023: According to a new research study by Global Insight Services (GIS), the global Motor Lamination Market is expected to grow rapidly over the next 10 years to reach a value of more than USD 32.0 billion by 2032.

Motor lamination is a process in which thin sheets of metal, usually steel, are stacked together and then cut into various shapes to form the core of an electric motor. This core is then wound with wire and placed into a motor housing, which is then filled with insulation, lubrication, and cooling material. The core is then connected to a drive shaft and the motor is ready to be used.

The motor lamination process is important because it helps to reduce the size of the motor while increasing its efficiency. The laminations are cut in such a way that air gaps are created between them allowing for increased airflow. This increased airflow helps to reduce the amount of heat generated by the motor, thus increasing its efficiency. Additionally, the laminations help to reduce the amount of noise produced by the motor.

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Motor Lamination Market: Key Trends and Drivers

The motor lamination market is being primarily driven by the escalating demand for energy-efficient electric motors across various industries. As governments worldwide implement stringent regulations to curb carbon emissions and promote sustainability, there is a growing emphasis on enhancing the efficiency of electric motors, which are widely employed in appliances, automotive systems, and industrial machinery. Motor laminations play a pivotal role in improving the performance and efficiency of these motors by reducing energy losses through eddy currents and hysteresis. As a result, manufacturers are increasingly investing in advanced motor lamination technologies to meet the rising demand for eco-friendly and energy-efficient solutions, thereby propelling the growth of the motor lamination market.

Motor Lamination Market: Restraints and Challenges

The Motor Lamination Market faces several notable restraints that impact its growth trajectory. One significant challenge is the increasing cost of raw materials, particularly the laminations themselves, which are typically made from steel or other metals. The fluctuating prices of these materials can significantly affect the overall production cost, putting pressure on profit margins for manufacturers. Additionally, stringent environmental regulations and the growing emphasis on sustainability pose challenges for the industry, as the traditional manufacturing processes involved in motor lamination production may have environmental implications. As a result, companies in the Motor Lamination Market are compelled to invest in research and development to explore alternative, eco-friendly materials and manufacturing methods, adding another layer of complexity to the market dynamics. These restraints necessitate strategic adaptations and innovation within the industry to overcome the hurdles and sustain growth in a competitive market landscape.

Motor Lamination Market Report Findings

https://www.globalinsightservices.com/reports/motor-lamination-market/

The largest and fastest-growing market category is welding

Based on Technology, the Motor Lamination Market is bifurcated into Welding, Bonding, Stamping, and Others.
The welding segment is experiencing significant growth within the Motor Lamination Market as technological advancements continue to reshape the industry landscape. Welding plays a pivotal role in the manufacturing process of motor laminations, where precision and efficiency are paramount. The adoption of innovative welding technologies, such as laser welding and advanced robotic welding systems, has enhanced the overall quality and speed of motor lamination production. These technologies enable the precise joining of laminations, ensuring optimal performance and energy efficiency in electric motors. Moreover, the growing demand for electric vehicles and renewable energy solutions further fuels the expansion of the Motor Lamination Market, with welding technologies at the forefront of driving efficiency and quality in the manufacturing process. As the industry embraces automation and cutting-edge welding techniques, the welding segment is poised to contribute significantly to the sustained growth and evolution of the Motor Lamination Market.

The largest and fastest-growing market category is Electronic Variable Gear Ratio Motor segment

Based on Motor Type, it is categorized into Passenger Cars Water Pump Motors, Radiator Cooling Fan Motors, Electronic Throttle Valve Control Motors, Electronic Variable Gear Ratio Motors, Electronic Variable Valve Timing Motors, Variable Nozzle Turbo Motors, Adjustable Pedal Motors, and Others. The Electronic Variable Gear Ratio Motor segment is poised for significant growth within the Motor Lamination Market as advancements in electric motor technology continue to reshape the automotive and industrial sectors. This motor type offers a dynamic and adaptive solution for optimizing gear ratios in real-time, enhancing overall efficiency and performance. As the demand for electric vehicles and smart manufacturing processes rises, the Electronic Variable Gear Ratio Motor presents a compelling solution to meet the evolving needs of these industries. Its ability to provide precise control over gear ratios electronically contributes to improved energy efficiency and responsiveness, making it a key player in the expanding landscape of electric propulsion systems and industrial automation. The market for Electronic Variable Gear Ratio Motors is expected to experience robust growth, driven by the increasing adoption of electrified solutions across various applications.

The largest and fastest-growing market category is Cold Rolled Non-Oriented (CRNO) segment

Based on Material Type, the Motor Lamination market is segmented into Cold Rolled Non-Oriented (CRNO) Steel, Cold Rolled Non-Grained Oriented (CRNGO) Steel, Nickel Alloy, Cobalt Alloy, and Others.The Cold Rolled Non-Oriented (CRNO) segment within the Motor Lamination Market has exhibited robust growth attributed to its unique material properties and suitability for electrical applications. CRNO steel, renowned for its low core loss and magnetic permeability, has become increasingly essential in the production of motor laminations. This growth can be attributed to the escalating demand for energy-efficient electric motors across various industries. The CRNO segment’s expansion is further propelled by the rising focus on sustainability and stringent energy efficiency standards, compelling manufacturers to adopt materials that enhance motor performance. As industries continue to prioritize energy conservation and technological advancements, the Cold Rolled Non-Oriented segment is poised to play a pivotal role in shaping the future landscape of the Motor Lamination Market.

The largest and fastest-growing market category is the Light Commercial Vehicles (LCV) segment

On the basis of Vehicle Type, the Motor Lamination market is segmented into Passenger Cars, Light Commercial Vehicles, Trucks, and Buses. The Light Commercial Vehicles (LCV) segment has emerged as a significant driver for the growth of the Motor Lamination Market. As urbanization and e-commerce continue to rise globally, there is an increasing demand for efficient and versatile transport solutions, leading to a surge in the production and utilization of light commercial vehicles. These vehicles often incorporate advanced electric motor systems, where motor laminations play a crucial role. Motor laminations are essential components in electric motors, enhancing their efficiency and performance. With the LCV segment witnessing substantial growth due to economic activities and changing consumer preferences, the demand for motor laminations is expected to experience a parallel upswing. This trend is further accentuated by the growing emphasis on electric and hybrid vehicles within the LCV category, as manufacturers seek to align with sustainability goals and stricter environmental regulations.

The largest and fastest-growing market category is Comfort segment

On the basis of Application, the Motor Lamination market is segmented into Performance, Comfort, and Safety. The Comfort segment is experiencing robust growth in the Motor Lamination Market as a result of increasing demand for comfort-enhancing features in various applications. This growth is particularly evident in the automotive industry, where advancements in electric vehicles (EVs) and hybrid vehicles are driving the need for efficient and high-performance motor systems. Motor laminations play a crucial role in optimizing the performance of electric motors by reducing energy losses and improving overall efficiency. In applications such as power seats, HVAC systems, and electric power steering, the Comfort segment is witnessing a surge in demand for specialized motor laminations that contribute to smoother and quieter operation, enhancing the overall driving experience. As consumers prioritize comfort and automakers focus on sustainable and electric mobility solutions, the Comfort segment is poised to be a key driver of growth in the Motor Lamination Market.

The largest and fastest-growing market category is Battery Electric Vehicles (BEVs)

Based on Electric Vehicle Type, the Motor Lamination market is segmented into BEV,  PHEV, and FCEV. The growth of Battery Electric Vehicles (BEVs) has been a key driver for the expansion of the Motor Lamination Market. As the automotive industry increasingly pivots towards sustainable and eco-friendly solutions, the demand for BEVs has surged, consequently propelling the need for efficient electric motors. Motor laminations, crucial components in electric motors, have experienced significant growth in demand due to their role in enhancing motor efficiency and performance. BEVs rely on electric motors for propulsion, and the motor lamination market has witnessed a surge as automakers strive to optimize the design and efficiency of electric propulsion systems. This trend is expected to continue, with the BEV segment playing a pivotal role in shaping the trajectory of the Motor Lamination Market as the automotive industry transitions towards electrification.

The largest and fastest-growing market category is Rotor Laminations segment

Based on Motor Lamination Services, the Motor Lamination market is bifurcated into Rotor Laminations, Stator Laminations, Laser Laminations, and Stamping Laminations. The Rotor Laminations segment in the Motor Lamination Market has experienced robust growth, driven by technological advancements and increasing demand for efficient and high-performance electric motors. Rotor laminations play a crucial role in enhancing the overall efficiency and reliability of electric motors by reducing energy losses and improving magnetic performance. The market growth is further fueled by the rising adoption of electric vehicles, industrial automation, and renewable energy systems, where high-performance electric motors are essential components. Manufacturers in the rotor laminations segment are focusing on innovation, such as the development of advanced materials and precision manufacturing techniques, to meet the evolving demands of the market. As industries continue to prioritize energy efficiency and sustainability, the Rotor Laminations segment is poised for sustained expansion in the dynamic Motor Lamination Market.

Geographical Analysis of Motor Lamination Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Motor Lamination market is currently dominated by North America, where substantial revenue is generated. The region boasts a concentration of major pharmaceutical companies, prompting significant investments in biopharmaceutical products that require effective handling of tissues and cells, a task for which Motor Lamination are essential. This has resulted in a diverse range of Motor Lamination being available, catering to the rising demand for monoclonal antibodies, vaccines, and other biologics. Notably, the American Cancer Society predicts a substantial increase in new cancer cases (1,958,310) and cancer-related deaths (609,820) in the United States in 2023. This surge in health challenges is expected to drive the demand for Motor Lamination in the market, particularly as they play a crucial role in preventing contamination during the production of biologics.

Asia-Pacific emerges as the fastest-growing region in the Motor Lamination market, driven by a surge in life science research, the flourishing biopharmaceutical industry, and increasing investments in pharmaceutical biotechnology enterprises. The region has witnessed significant growth in its biopharmaceutical sector, leading to an upswing in the demand for Motor Lamination. This demand is further propelled by the increasing need for personalized medicine, necessitating the production of smaller drug batches and consequently driving the requirement for single-use Motor Lamination. These bags offer a more flexible and cost-effective alternative to conventional stainless-steel bioreactors. The burgeoning population with heightened healthcare requirements is expected to be a primary growth catalyst. Additionally, escalating investments in the biopharmaceutical sector by governments and private investors in countries like China, Japan, and South Korea are anticipated to significantly contribute to the rising demand for Motor Lamination in the region.

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Competitive Landscape

The key players studied in the report are  Thermo Fisher Scientific Inc., Sartorius AG, Danaher Corporation, Merck KGaA, Saint-Gobain, Corning Incorporated, Entegris, Meissner Filtration Products Inc., PROAnalytics LLC, and CellBios Healthcare And Lifesciences Pvt Ltd., among others.

Recent Developments

  • In April 2022, Thermo Fischer Scientific, Inc. announced the opening of a new manufacturing facility in Ogden, Utah, that will manufacture materials and technology needed for the development of new vaccines and therapies. The facility is part of Thermo Fisher’s investment of USD 650 million to ensure a reliable bioprocessing production capacity for crucial materials used in creating biologics and vaccines, including COVID-19 vaccines. This investment will enable the company to meet the increasing demand for single-use technology and contribute to the development of innovative therapies and vaccines.
  • In July 2021, Pall Corporation announced a contract with Exothera S.A., valued at approximately $7 million. This new agreement is intended to create a suspension-based manufacturing platform capable of producing up to 2000L of product. The platform will utilize a range of technologies including Allegro STR single-use bioreactors to produce various viral vectors used in gene therapies and viral vector-based vaccines.
  • In February 2021, Saint-Gobain announced the launch of highly efficient cell culture bags for T-cell expansion. These new cell culture bags are designed to provide a sterile and controlled environment for the growth and expansion of T-cells, which are an essential component of the immune system and are used in cell-based therapies for the treatment of various diseases.
  • in 2021, The Regenerative Medicine Innovation Project (RMIP) was introduced in collaboration between the US National Institutes of Health (NIH) and the Food and Drug Administration (FDA). The program supports the development of safe and effective regenerative medicine products. It also guides various industry stakeholders with information on best practices and the development of new tools and standards for evaluating regenerative medicine products. The program also encourages robust product development to ensure patient safety.

Motor Lamination Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Motor Lamination Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Motor Lamination Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Motor Lamination Industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Motor Lamination Market along with the current trends and future estimations to depict imminent investment pockets. The overall Motor Lamination industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Motor Lamination Market are also analyzed.

Global Motor Lamination Market Segmentation

By Technology

  • Welding
  • Bonding
  • Stamping
  • Others

By Motor Type

  • Electric Water Pump Motors
  • Radiator Cooling Fan Motors
  • Electronic Throttle Valve Control Motors
  • Electronic Variable Gear Ratio Motors
  • Electronic Variable Valve Timing Motors
  • Variable Nozzle Turbo Motors
  • Adjustable Pedal Motors
  • Others

By Material Type

  • Cold Rolled Non-Oriented (CRNO) Steel
  • Cold Rolled Non-Grained Oriented (CRNGO) Steel
  • Nickel Alloy
  • Cobalt Alloy
  • Others

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Trucks
  • Buses

By Application

  • Performance
  • Comfort
  • Safety

By Electric Vehicle Type

  • BEV
  • PHEV
  • FCEV

By Motor Lamination Services

  • Rotor Laminations
  • Stator Laminations
  • Laser Laminations
  • Stamping Laminations

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa
Key Players
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Electric Vehicle Market
November, 2023

New York, November 2023: According to a new research study by Global Insight Services (GIS), the global Electric Vehicle Market size was US$ 461.3 billion in 2022 and is anticipated to reach US$ 1.4 Trillion in 2032, growing at a rate of 14.7% from 2023 to 2032.

Electric vehicles (EVs) operate on electricity instead of fuel, utilizing an electric motor powered by various batteries such as lithium-ion, molten salt, zinc-air, and nickel-based designs. Designed to combat environmental pollution, EVs offer advantages like higher fuel economy, low carbon emissions, minimal maintenance, convenient home charging, smoother drives, and reduced engine noise. Three main types include battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. EVs eliminate the need for engine oil changes but tend to be slightly high cost than traditional gasoline vehicles.

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Electric Vehicle Market: Key Trends and Drivers

The key driver of the electric vehicle (EV) market is the global shift towards sustainable and eco-friendly transportation solutions. As concerns about climate change and environmental sustainability grow, governments, businesses, and consumers are increasingly recognizing the importance of reducing carbon emissions from the transportation sector, which is a major contributor to air pollution and greenhouse gas emissions. In response to these concerns, there has been a significant push to promote the adoption of electric vehicles as a cleaner and more sustainable alternative to traditional internal combustion engine vehicles. Supportive policies, such as incentives, subsidies, and regulations promoting the development and adoption of EVs, coupled with advancements in battery technology, charging infrastructure, and a growing awareness of the environmental benefits of electric mobility, are collectively propelling the electric vehicle market forward. This momentum is fostering innovation and investment in the EV sector, driving its growth and positioning electric vehicles as a key component of the future of transportation.

Electric Vehicle Market: Restraints & Challenges

The electric vehicle (EV) market, while experiencing rapid growth, faces several challenges that hinder its widespread adoption.

  • One significant challenge is the limited charging infrastructure, which contributes to “range anxiety” among potential buyers. The insufficient availability of charging stations, especially in rural and less developed areas, hampers the convenience and accessibility of EVs compared to traditional gasoline-powered vehicles.
  • Additionally, the high upfront cost of electric vehicles remains a significant barrier for many consumers, despite decreasing battery prices. Concerns about the limited driving range on a single charge, coupled with the time required for recharging, also contribute to consumer hesitancy.
  • Addressing these challenges, through increased infrastructure investment, government incentives, and ongoing technological advancements, will be crucial for fostering the broader acceptance of electric vehicles in the automotive market.

Electric Vehicle Market Report Findings

https://www.globalinsightservices.com/reports/electric-vehicle-market/

Battery electric vehicle segment is anticipated to hold a majority of the Electric Vehicle Market size throughout the study period.

Based on type, the market is divided into battery electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle. The battery electric vehicle segment is expected to be the largest segment in the Electric Vehicle Market in 2022. As environmental concerns and technological advancements converge, the demand for sustainable transportation solutions has driven substantial expansion in the BEV market. With an emphasis on reducing carbon emissions and dependence on traditional fossil fuels, consumers and industries alike are increasingly gravitating towards battery electric vehicles. The BEV segment’s growth is fueled by continuous innovations in battery technology, improvements in charging infrastructure, and supportive government policies incentivizing the adoption of electric vehicles. As the automotive landscape undergoes a transformative shift towards cleaner and more efficient modes of transportation, the battery electric vehicle segment is poised to play a pivotal role in shaping the future of the electric vehicle market.

The two-wheelers segment is likely to hold a dominant Electric Vehicle Market share and grow at a substantial CAGR during the forecast period.

Based on vehicle type, the market is bifurcated into two-wheelers, passenger, and commercial vehicles. The two-wheelers segment dominated the market in 2022. The surge in popularity of electric two-wheelers can be attributed to several factors, including increasing environmental consciousness, rising fuel costs, and government incentives promoting sustainable transportation. As consumers seek eco-friendly alternatives, electric two-wheelers provide an efficient and clean mode of commuting. Additionally, advancements in battery technology have addressed concerns related to range anxiety, further boosting consumer confidence in electric two-wheelers. With innovative designs, improved performance, and a growing charging infrastructure, the two-wheelers segment is poised for continued expansion, playing a pivotal role in the broader transformation of the automotive industry towards sustainable mobility.

The mid-priced segment is likely to hold a dominant Electric Vehicle Market share and grow at a substantial CAGR during the forecast period.

Based on vehicle class, the market is classified into low-priced, mid-priced, and luxury. The mid-priced segment dominated the market in 2022. Consumers increasingly seek eco-friendly alternatives without compromising on performance and features. This segment’s expansion can be attributed to advancements in battery technology, resulting in more affordable yet efficient electric vehicles that cater to a wider audience. Government incentives, coupled with a growing awareness of environmental concerns, have further fueled the demand for mid-priced electric vehicles. As automakers continue to innovate and compete in this segment, the mid-priced electric vehicle market is poised for sustained growth, playing a pivotal role in the broader transition to cleaner and more sustainable transportation options.

The all-wheel drive segment is anticipated to hold a majority of the Electric Vehicle Market size throughout the study period.

Based on vehicle drive type, the market is bifurcated into front wheel drive, rear wheel drive, and all-wheel drive. The all-wheel drive segment dominated the market in 2022. The increasing popularity of AWD electric vehicles can be attributed to their superior performance, enhanced traction, and improved stability, especially in challenging driving conditions. Consumers are increasingly recognizing the benefits of AWD technology, which distributes power to all four wheels, resulting in better handling and acceleration. This drive type is particularly appealing in regions with diverse terrain and varying weather conditions, contributing to the surge in demand for AWD electric vehicles. As advancements in electric vehicle technology continue, the AWD segment is poised to play a pivotal role in shaping the future landscape of sustainable and high-performance transportation.

The Asia Pacific region is estimated to exhibit the highest growth rate during the Electric Vehicle Market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region has witnessed remarkable growth in the electric vehicle (EV) market, establishing itself as a key player in the global transition toward sustainable transportation. Government initiatives promoting clean energy, coupled with increasing environmental awareness, have driven a surge in consumer interest and investment in electric mobility. Countries such as China, Japan, and South Korea have emerged as frontrunners in EV adoption, supported by robust infrastructure development, generous incentives, and a burgeoning electric charging network. China conveniently topped the global sales charts in 2021 with more electric vehicles sold than the rest of the world combined and almost five times more than Germany, which was in second place. For instance. Factors responsible for the Chinese market’s exponential growth include, but are not limited to, the Chinese government’s electric vehicle subsidies, an increasing range of mini electric vehicles, and more affordable brands coming onto the market. Additionally, the region’s burgeoning tech and manufacturing sectors are contributing to innovations in battery technology, reducing costs and enhancing the overall appeal of electric vehicles. As major automakers increasingly focus on the Asia-Pacific market, the region is poised to continue its rapid ascent in the global electric vehicle landscape.

However, despite the overall growth in the Asia-Pacific market, China, Europe, and the U.S. collectively account for 95% of global sales, leaving the rest of the world trailing behind. Challenges in these regions include the absence of government subsidies, limited public charging infrastructure, and the high price tag associated with electric vehicles. While the race toward full electrification continues in key regions, addressing these barriers is crucial for global EV expansion.

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Competitive Landscape

Leading companies in the EV sector are heavily investing in research and development to improve the energy density, range, and longevity of batteries, addressing one of the primary concerns for potential EV buyers. Simultaneously, strategic partnerships with governments, utility companies, and private entities are being forged to expand and optimize charging networks, mitigating range anxiety and promoting widespread adoption. Moreover, key players are increasingly focusing on economies of scale to reduce manufacturing costs, making electric vehicles more cost-competitive with traditional internal combustion engine vehicles. By prioritizing these factors, companies are positioning themselves to capitalize on the accelerating shift towards sustainable transportation, contributing to the overall growth and mainstream acceptance of electric vehicles.

The global electric vehicle market report includes players such as Tesla, BMW, Nissan, Volkswagen, Mercedes-Benz, Audi, Chevrolet, Ford, Hyundai, and Toyota, among others.

Recent Developments

  • In November 2021, Hyundai Motor Company revealed SEVEN, the sport utility electric vehicle (SUEV) concept at Automobility LA, which is built upon Hyundai Motor Group’s Electric-Global Modular Platform (E-GMP) with premium lounge-experience that provides greater freedom & comfort for passengers.
  • In December 2021, General Motors announced expanding of GM’s technology platforms to provide EV technology beyond its own portfolio & applications to meet the broad range of commercial customers & organizations.
  • In September 2021, Mitsubishi Fuso Truck, a subsidiary of Daimler AG, signed an agreement with Bus Corporation MFTBC, to deliver 20 units of the all-electric eCanter truck to Australia Post fleet. The eCanter trucks will run in major cities across Australia to support parcel deliveries.
  • In April 2020, BYD Company Limited and Toyota Motor Corporation formed a joint venture to conduct R&D of battery electric vehicles (BEVs). The name of the new company is BYD TOYOTA EV TECHNOLOGY CO., LTD. (BTET). BYD and Toyota will work together to meet the diverse needs of customers by researching and developing BEVs that appeal to customers and promoting their widespread adoption.

Electric Vehicle Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Electric Vehicle Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Electric Vehicle Market potential from 2022 to 2032 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Electric Vehicle Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Market Segments

By Type

  • Battery Electric Vehicle
  • Plug-in Hybrid Electric Vehicle
  • Fuel Cell Electric Vehicle

By Vehicle Type

  • Two-Wheelers
  • Passenger Cars
  • Commercial Vehicles

By Vehicle Class

  • Low-Priced
  • Mid-Priced
  • Luxury

By Vehicle Drive Type

  • Front Wheel Drive
  • Rear Wheel Drive
  • All Wheel Drive

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

 

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Airline Ancillary Services Market
October, 2023

New York, October 2023: According to a new research study by Global Insight Services (GIS), the Airline Ancillary Services Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 481.3 billion by 2032.

Ancillary services are support services offered by airlines to enhance customer comfort and the travel experience. Furthermore, numerous airlines, ranging from ultra-low-cost carriers to premium heritage carriers, have been investigating this feature. Furthermore, various services, such as in-flight entertainment and internet solutions, the sale of in-flight food and beverages, and the provision of nicer seats at an extra price, bolster the market for airline ancillary services.

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Global Airline Ancillary Services Market: Market Drivers and Trends

Rising Preference of Air Travel by Middle-Income Passengers is driving the market growth. According to the International aviation Transport Association (IATA), the number of aviation passengers is predicted to reach 7.8 billion by 2036. The rapidly expanding middle-class group is linked to an increase in the number of air passengers in developing nations. World organisations such as the United Nations World Tourism Organisation (UNWTO) and the International Civil Aviation Organisation joined forces in October 2021 to encourage a comeback in travel and tourism. UNWTO and IATA signed a Memorandum of Understanding in October 2020 to collaborate to assist the return of global tourism. The fundamental goal of this agreement was to boost public trust in air travel, which in turn contributed to rising air traffic.

Furthermore, Expanding Growth in Working Population to Propel the Market Demand. The rapidly growing middle-class population in emerging countries has a substantial influence on the exponential growth in the number of passengers utilizing airlines. The remarkable development in the region’s working population has resulted in a rise in disposable income and freight traffic. According to the United Nations, China and India accounted for the majority of the world’s increasing middle class. Furthermore, as the global economy continues to bounce back from previous recessions, a wide spectrum of demand for air travel is expected. Because of the increase in demand for air travel, there is now an increased need for low-cost carriers. In this context, participants in the airline ancillary services industry are taking the opportunity to boost income through auxiliary services in order to fulfil the broad consumer base’s desire for both economical and unique services. These drivers are likely to propel market expansion.

Global Airline Ancillary Services Market: Market Restraints and Challenges

Rising Variations in Airport Fees is going to hamper the Market. Several constraints hinder the expansion of the airline ancillary services business, despite the fact that it is likely to grow at a rapid pace throughout the forecast period. The increased variety in airport fees is limiting global market growth since it is out of reach for many individuals in underdeveloped countries. Furthermore, the market’s potential to grow is occasionally hampered by the continual rise in fuel prices. Some airlines, particularly those operating in underdeveloped countries, cannot afford to make the substantial initial expenditure necessary for these auxiliary services. Technical issues that cause delivery delays can greatly stifle market growth. Hence, these factors are expected to restrain growth of the market during the forecast period.

Global Airline Ancillary Services Market Report Findings

https://www.globalinsightservices.com/reports/airline-ancillary-services-market/

The baggage fees segment is likely to hold the major share of the market in 2022

Based on type, the Airline Ancillary Services Market is segmented into baggage fees, onboard retail a la carte, airline retail, FFP miles sale, and others. The baggage fees segment is expected to dominate the market during the forecast period. Category expansion has occurred in emerging nations as airlines have employed various pricing techniques, such as collecting costs depending on weight, number of bags, or quality of service. The introduction of “basic economy” tickets with limited luggage allowances has also resulted in an increase in auxiliary revenue. However, throughout the predicted period, airline retail will be the fastest-growing sector. Passengers may purchase luxury things, cosmetics, and other products at reasonable costs, increasing airline income.

The full-service carrier segment is likely to hold the major share of the market in 2022

By carrier type, the market is classified into full-service carrier, and low-cost carrier. The full service carrier segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period. Owing to the increased popularity of international flights. However, due to customers’ increased expectations for consuming sanitary food, low-cost carriers are the fastest-growing category; demand for in-flight catering is predicted to rise regardless of seating class.

The North America region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America has the biggest market share in terms of Airline Ancillary Services Market value followed by Europe. According to Bureau of Economic Analysis statistics, the US GDP expanded by 2.6% in the fourth quarter of FY2022, this expansion in GDP was largely driven by robust corporate investment and consumer expenditure. The airline sector contributes greatly to overall economic growth in the United States. Rising consumer expenditure and company investment in the civil aviation industry are predicted to drive the growth of the airline ancillary services market.

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Competitive Landscape

The key players studied in the global Airline Ancillary Services Market are Southwest Airlines , Air France/KLM, Deutsche Lufthansa AG , American Airlines , Delta Airlines Inc., The Emirates Group, United Airlines Inc., Qantas Airways Ltd., EasyJet PLC , and Ryanair holdings plc among others.

Global Airline Ancillary Services Market: Recent Developments

  • In February 2023, United Airlines has announced that families with small children would be able to pick nearby seats at no additional cost. This customer-friendly action recognizes the significance of delivering a seamless and comfortable flying experience for families, underlining United’s commitment to improving its ancillary products.
  • In January 2023, Delta Air Lines introduced free Wi-Fi for passengers in the United States, made possible through a collaboration with T-Mobile. SkyMiles frequent flyer program members will receive complimentary Wi-Fi beginning February 1. This substantial step towards boosting ancillary service options illustrates Delta’s dedication to improving the in-flight experience and bringing value to its committed customers.
  • In July 2022, With a number of efforts for the summer travel season, EasyJet takes measures to enhance the customer experience. These include a dedicated family customer support hotline, longer customer service hours, “Helping Hands” at important airports, and the reinstatement of the Twilight Bag Drop service. The airline hopes to give more assistance and convenience to passengers, demonstrating its commitment to improving auxiliary services.
  • In June 2022, Emirates Flight Catering has joined forces with Coca-Cola Arena. As Dubai’s exclusive F&B partner, EKFC will provide a full spectrum of catering and hospitality services, including food preparation, menu creation, and logistics, as well as service employees for all occasions and conferences.
  • In March 2021, dnata and Cebu Pacific Air (CEB) have broadened their long-standing Asian collaboration. In addition to a multi-year renewal of an existing airport service agreement at Sydney Airport (SYD), dnata has committed to provide the airline with a variety of ground handling services at Melbourne Airport and Singapore Changi Airport.

Global Airline Ancillary Services Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Airline Ancillary Services Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future global Airline Ancillary Services Market potential from 2022 to 2032 in terms of revenue ($ Million), and Volume (Units).
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global Airline Ancillary Services Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Airline Ancillary Services Market industry.

Global Airline Ancillary Services Market Segmentation

By Type

  • Baggage Fees
  • Onboard Retail & A la Carte
  • Airline Retail
  • FFP Miles Sale
  • Others

By Carrier Type

  • Full-Service Carrier
  • Low-cost Carrier

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Key Players

 

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Airport Fueling Equipment Market
October, 2023

New York, October 2023: According to a new research study by Global Insight Services (GIS), the Airport Fuelling Equipment Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 0.2 billion by 2032.

The airport fueling equipment market provides a variety of specialized equipment and solutions to enable safe and effective airplane refueling at airports. Fuel trucks/tankers, fuel dispensers, fuel storage tanks, fuel filter carts, and ground fueling equipment are examples of this sort of equipment. The reliable operation of such technology guarantees that airports and airlines run smoothly.

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Global Airport Fueling Equipment Market: Market Drivers and Trends

Rising Airport Project Investment is Boosting the Growth of the Airport Fueling Equipment Market. The global airport count has been increasing to accommodate the greatest number of airlines and passengers, resulting in increased expenditure in expanding current airports with additional terminals and building new airports. As a result, there is a considerable need for new airport fueling equipment. One of the primary driving factors in the airport fueling equipment market is rising investment in newly constructed airports. According to the Airport Consultants Council, the United States alone would require an investment of US$ 138 billion over the course of five years, beginning in 2020.

Additionally, small airports are experiencing increased traffic and fueling service issues in order to satisfy the criteria. According to one of the aircraft operators, most pilots or aircraft operators choose Mossel Bay Airport over George Airport for fuel. As a result of large lines and wait periods at George Airport’s refueling station. Such airports with limited capacity may present market participants with an opportunity.. These drivers are likely to propel market expansion.

Global Airport Fueling Equipment Market: Market Restraints and Challenges

Enhanced lifespan and more capital investment are expected to hinder the growth of the global airport fueling equipment market. As many countries are suffering from inflation and other economic or financial crisis are not ready to invest heavily into the aviation industry.

Global Airport Fueling Equipment Market Report Findings

https://www.globalinsightservices.com/reports/airport-fueling-equipment-market/

The civil aircraft segment is likely to hold the major share of the market in 2022

Based on aircraft type, the Airport Fueling Equipment Market is segmented into civil, and military. The civil segment is expected to dominate the market during the forecast period. Due to the COVID-19 epidemic, commercial aircraft deliveries fell in 2020. However, aircraft deliveries improved in 2021, with major commercial aircraft OEMs such as Airbus and Boeing increasing aircraft production and delivery rates. In 2021, Boeing delivered 340 aircraft, 245 of which were 737MAX models. After being grounded since March 2019, Boeing’s 737MAX will resume service in November 2020. These figures indicate that commercial aircraft deliveries will remain strong throughout the anticipated timeframe. Airlines’ intentions for aircraft fleet modernisation and destination development result in a steady restoration of aircraft demand, which strengthens aircraft OEM order books. The need for airport fuelling equipment is likely to rise as a result.

The 5000-20000 segment is likely to hold the major share of the market in 2022

By tanker capacity, the market is classified into below 5000 litres, 5000-20000 litres, and above 20000 litres. The 5000-20000 litres segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period. Such equipment is commonly found at medium-sized airports and is suitable for refuelling a wide range of aircraft, notably regional jets, small commercial airliners, and business jets. These fuelling units are intended to provide efficient and dependable fueling services while matching the airport’s and its aircraft fleet’s unique needs. Jet refueled trucks, with tanker capacity that ranges from 5,000 to 20,000 litres, are routinely utilised at medium to large airports. To effectively fuel airplanes on the airport apron, these vehicles are outfitted with gasoline distribution equipment, hoses, and nozzles.

The non-electric segment is likely to hold the major share of the market in 2022

Based on power source, the Airport Fueling Equipment Market is segmented into electric, and non-electric. In 2022, the non-electric segment dominated the market in terms of revenue and is expected to be the same during the upcoming years.

The North America region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America has the biggest market share in terms of Airport Fueling Equipment Market value followed by Europe. North America spends extensively in the commercial and defense industries to meet the growing need for aircraft fleets for international travel and defense reinforcement. Furthermore, as a result of the presence of important manufacturers in North America, the region’s need for airport fueling equipment is constantly increasing. As the number of airports and aircraft grows, so does the demand for airport fueling equipment and services to enable safe flight operations. The majority of the nations in the region possess a substantial number of airports and flights. The United States leads the way with 13,513 airports, which is followed by Mexico with 1,714 and Canada with 1,467.

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Competitive Landscape

The key players studied in the global Airport Fueling Equipment Market are Garsite, Titan Aviation, Fuel Proof Ltd., Esterer GmbH & Co, BETA Fueling Systems, Stokota, Air BP, Total Energies, Gaussin Emerson Electric Co., and Anlagen KG among others.

Global Airport Fueling Equipment Market: Recent Developments

  • In 2023, At Kerry Airport, Titan Aviation has installed Ireland’s first 100% electric refueller. This zero-emission refueller will allow the airport to significantly cut its greenhouse gas emissions.
  • In 2023, Stokota plans to extend its operations by constructing additional manufacturing halls in Elblag, Poland. It has completed the purchase of roughly 4 acres of land from the Warmia and Mazury Special Economic Zone for fresh investment.
  • In 2022, Titan Aviation and AL Shirawi Enterprises have inked a strategic collaboration to implement new zero-emission solutions in the Middle East and decrease the environmental effect of ground support operations.

Global Airport Fueling Equipment Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Airport Fueling Equipment Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future global Airport Fueling Equipment Market potential from 2022 to 2032 in terms of revenue ($ Million), and Volume (Units).
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global Airport Fueling Equipment Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Airport Fueling Equipment Market industry.

Global Airport Fueling Equipment Market Segmentation

By Aircraft Type

  • Civil
  • Military

By Power Source

  • Electric
  • Non-Electric

By Tanker Capacity

  • Below 5000
  • 5000-20000
  • Above 20000

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Key Players

 

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Electric Vehicle Charging Station Market
March, 2023

Electric Vehicle Charging Station Market to Reach US$ 617.5 bn by 2032, driven by extensive adoption of Surge in adoption of Electric Vehicles owing to Government Initiatives: Global Insight Services

New York, March 2023: According to a new research study by Global Insight Services (GIS), the global electric vehicle charging station market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 617.5 bn by 2032.

An electric car charging station is a piece of hardware that connects plug-ins and electric vehicles to an electrical source so they may be recharged. Private businesses or electric utility providers place charging stations in public areas like parking lots, shopping malls, and other places. Moreover, level 1, level 2, and level 3 charging levels are available at electric car charging stations. Also, there are several designs for electric vehicle charging stations, including wall-mounted or free-standing, single or multiple charging heads, commercial or residential grade, and indoor or outdoor installation.

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Electric Vehicle Charging Station Market: Key Trends and Drivers

Due to growing knowledge of the harmful impacts of operating fossil fuel-powered vehicles, governments worldwide are taking steps to minimize carbon footprints by promoting electric bikes, automobiles, and bicycles. Also, governments worldwide are pressuring automakers to invest in the development of electric cars to combat greenhouse gas emissions and minimize carbon emissions brought on by the burning of diesel fuel. In addition, governments throughout the globe are promoting the purchase of electric mobility in terms of tax credits and incentives. Also, the central governments of a select few nations exclude electric cars from paying highway tolls. For instance, the Indian government intends to reduce the Goods & Service Tax (GST) on e-cars to hasten electric vehicle adoption. Moreover, tax exemptions will be provided on loans made to buy an e-mobility.

Similarly, the South Korean government would offer tax breaks and subsidies to create and purchase electric and fuel-cell vehicles. Consequently, one of the key reasons driving demand for electric cars is a growth in government support for developing and purchasing electric mobility through tax credits, subsidies, and incentives. Hence, the market for electric vehicle charging stations is expected to develop throughout the projected period due to government efforts to increase the use of electric vehicles.

Electric Vehicle Charging Station Market: Restraints & Challenges

Governments must standardize charging infrastructure to create a positive ecology and boost sales of electric vehicles. Several nations have various quick charging requirements. China utilizes GB/T, whereas Europe, the United States, and South Korea use CCS. Japan uses CHAdeMO. As India hasn’t achieved fast charging method standardization, the Indian government has enforced the installation of both CHAdeMO and CCS systems. Although this requirement raised the cost of installing charging stations, the government modified the rules in 2019 and now permits charging station developers to choose the approach of their choice. Tesla, an American manufacturer of electric automobiles, employs high-performance superchargers that are exclusive to Tesla and incompatible with other electric vehicles. Hence, a lack of uniformity across nations may damage the installation of charging stations and limit the growth of the electric car charging station market.

Electric Vehicle Charging Station Market Report Findings

https://www.globalinsightservices.com/reports/electric-vehicle-charging-station-market/

The level 2 segment is anticipated to hold a majority of the electric vehicle charging station market size throughout the study period.

Based on the level of charging, the electric vehicle charging station market is divided into level 1, level 2, and level 3. Of these, the level 2 segment held the highest market share of 40.1% in 2022. Although most EV owners set up level 2 EV charging equipment in their houses or apartment building, there is an increasing need for public charging stations globally. The demand for EV charging stations for level 2 will rise as EV sales expand globally.

The plug-in charging segment is anticipated to hold a majority of the electric vehicle charging station market size throughout the study period.

By mode of charging, the market is bifurcated into plug-in charging and wireless charging. The plug-in charging segment held the highest market share of 80.4% in 2022. The quickest, safest way for drivers to charge their electric cars is through Plug & Charge. Drivers don’t need to do any further user actions to begin charging their EV; they only need to attach the charging wire to the charging port. The worldwide standard for charging electric vehicles, ISO 15118, which is focused on guaranteeing the future of vehicle charging while offering usability, enables plug and charge.

The fixed segment is anticipated to hold a majority of the electric vehicle charging station market size throughout the study period.

Based on installation type, the market is bifurcated into fixed and portable. The fixed segment dominated the market and accounted for the highest market share in 2022. It is better to use a fixed installation when a ground fault circuit interrupter (GFCI) is integrated into the charging wire in order to avoid tripping caused by interactions between the two GFCIs.

The residential segment is anticipated to hold a majority of the electric vehicle charging station market size throughout the study period.

Based on end user, the electric vehicle charging station market is divided into residential and commercial. The residential segment held the highest market share in 2022. Level 1 and level 2 chargers would demand power at a fixed residential rate in residential areas (per kWh). Many utilities provide EVs with a particular time-to-use (ToU) pricing structure to entice consumers to charge during non-peak times. Prices during off-peak hours are less expensive than during peak hours. EV-specific ToU prices are divided into several categories, such as early evening and mid-afternoon rates, depending on the utility and service region.

The Asia Pacific region is estimated to exhibit the highest growth rate during the electric vehicle charging station market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific dominated the electric vehicle charging station market and accounted for the largest revenue share in 2022 and is expected to be the most lucrative region during the forecast period. This is majorly attributed to the increasing investments by the government of China, South Korea, Japan, and other Asian countries to install charging infrastructures. Similarly, Singapore, India, Korea, and Japan also invest in the electric vehicle charging infrastructure to promote its adoption in their region.

The growing government initiatives are driving the market for EV charging stations in the Asia Pacific region. As of the end of July, members of the Alliance claimed that around 566,000 public charging stations had been erected and were operational across the country, according to figures released by the China Electric Charging Infrastructure Promotion in August 2020. Furthermore, by 2050, the Japanese government plans to convert all new cars sold in the country to electric or hybrid vehicles. Thus, market growth in the region is expected shortly.

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Competitive Landscape

Market players are focusing on strategic collaborations to enhance their product offerings. Some prominent participants in the global electric vehicle charging station market include ABB Ltd (Switzerland), Allego B.V. (Netherlands), Blink Charging Co. (US), ChargePoint, Inc. (US), Robert Bosch GmbH (Germany), Schneider Electric (France), Siemens (Germany), Tesla (US), Webasto (US), and WiTricity Corporation (US), among others.

Recent Developments in the Electric Vehicle Charging Station Market

  • In November 2022, Siemens has contracted to provide electric vehicle (EV) chargers to Electromin, the e-Mobility division of Saudi Arabia’s Petromin, a lubricants and automotive services firm, for its planned construction of a charging network throughout the Kingdom and the region. The arrangement will guarantee the supply of Siemens’ most cutting-edge EV infrastructure equipment for Electromin’s network, including the lightning-quick Sicharge D direct-current chargers and the clever VersiCharge AC wall or pole-mounted devices that utilize alternating current.
  • In February 2022, After its IPO in late 2022, ABB’s E-mobility unit will start the acquisition trail to meet its lofty sales targets. The company that manufactures quick chargers for trucks, buses, and autos plans to invest $750 million in growing its business.
  • In July 2021, An e-mobility company with a top-tier European charging software platform, has to be, has been acquired by ChargePoint Holdings, Inc., a major E) charging network in North America and Europe.
  • In July 2020, A joint venture was formed between EV Motors India Pvt. Ltd. (EVM) and BSES Yamuna Power Ltd (BYPL) to construct electric car charging stations. It is predicted that the JV would improve the company’s competitive strategy.

Electric Vehicle Charging Station Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global electric vehicle charging station market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future electric vehicle charging station market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the electric vehicle charging station market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Electric Vehicle Charging Station Market Segmentation

By Level of Charging

  • Level 1
  • Level 2
  • Level 3

By Mode of Charging

  • Plug-in Charging
  • Wireless Charging

By Installation Type

  • Fixed
  • Portable

By End User

  • Residential
  • Commercial

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players

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Car Care Products Market
February, 2023

Car Care Products Market to Reach USD 24 Billion by 2032, driven by the growth in investment in infrastructure across the globe: Global Insight Services

New York, February 2023: According to a new research study by Global Insight Services (GIS), the global Car Care Products market is expected to grow rapidly over the next 10 years to reach a value of more than USD 24 billion by 2032.

Car care products are designed to clean, protect and maintain the appearance of your vehicle. There is a wide range of products available, from those that simply clean the exterior of your car to those that protect the paintwork and help to keep it looking like new.

The most important thing to remember when using any car care product is to test it on an inconspicuous area first, in order to check that it is compatible with your paintwork. Once you are happy with the results, you can then apply the product to the rest of your car.

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Car Care Products Market: Key Trends and Drivers

The car care products market is expected to grow significantly in the coming years. This can be attributed to the growing automotive industry, especially in the Asia-Pacific region. The growing demand for passenger cars and commercial vehicles is expected to drive the market for car care products. In addition, the growing awareness about the importance of maintaining the vehicles in good condition is expected to propel the market growth. Moreover, the development of new and innovative products is expected to provide a significant boost to the market.

Car Care Products Market: Restraints and Challenges

The car care products market is highly competitive with a large number of players. The key challenge for players in the market is to develop innovative products to meet the changing needs of customers. In addition, the players need to focus on expanding their distribution channels to reach new customers.

Car Care Products Market Report Findings

https://www.globalinsightservices.com/reports/car-care-products-market/

The car polish segment is anticipated to dominate the market during the forecast period

Based on product type, it is segmented into car cleaning products, car polish, car wax, and others. The car polish segment is anticipated to dominate the market during the forecast period. Similarly, the car wax segment is anticipated to witness the fastest growth during the forecast period.

The less than 250ml segment is anticipated to dominate the market during the forecast period

Based on package volume, it is segmented into less than 250ml, 251ml – 500 ml, 501ml – 999ml, and more than 1000ml. The less than 250ml segment is anticipated to dominate the market during the forecast period. Similarly, the 251ml – 500ml segment is anticipated to witness the fastest growth during the forecast period.

The interior car care segment is anticipated to dominate the market during the forecast period

Based on application, it is segmented into interior car care, and exterior car care. The interior car care segment is anticipated to dominate the market during the forecast period. Similarly, the exterior car care segment is anticipated to witness the fastest growth during the forecast period.

The North American region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period.

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Competitive Landscape

The key players studied in the market are Apple Inc., ASSURANT, INC., AsurionAT&T Intellectual PropertyAvivabolttechChubbDigital Care sp. z o.o.ServifySingtel, and U Mobile Sdn Bhd among others.

Car Care Products Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Car Care Products market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Car Care Products market potential from 2022 to 2032 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Car Care Products market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Car Care Products industry.

Global Car Care Products Market Segmentation

By Product Type

  • Car Cleaning Products
  • Car Polish
  • Car Wax
  • Others

By Package Volume

  • Less than 250ml
  • 251ml – 500ml
  • 501ml – 999ml
  • More than 1000ml

By Application

  • Interior Car Care
  • Exterior Car Care

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

 

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Automotive Data Cables Market
January, 2023

Automotive Data Cables Market to Reach USD 20.0 billion by 2032, driven by the growth in investment in healthcare infrastructure across the globe: Global Insight Services

New York, January 2023: According to a new research study by Global Insight Services (GIS), the global Automotive Data Cables market is expected to grow rapidly over the next 10 years to reach a value of more than USD 20.0 billion by 2032.

Automotive data cables are the type of cables that are used to transfer data. The increasing use of connected cars coupled with the increasing availability of smart vehicle infotainment system is boosting the demand for the automotive data cables market. Moreover, increasing popularity of autonomous vehicle is led to the increasing requirement of data cables, which is likely to influence the growth of the automotive data cables market.

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Automotive Data Cables Market: Key Trends and Drivers

The increasing contribution of electronic systems in passenger cars coupled with emergence of autonomous vehicles is anticipated to boost the growth of the market. Moreover, rise in sales of premium vehicles and growing popularity of vehicle telematics along with increasing role of data connectivity for in-vehicle infotainment and V2V communication is likely to refuel the growth of the market.

Automotive Data Cables Market: Restraints and Challenges

The increase in cybersecurity threats for connected vehicles coupled with rising complexities in automotive electronics architecture is anticipated to hinder the growth of the market.

Automotive Data Cables Market Report Findings

https://www.globalinsightservices.com/reports/automotive-data-cables-market/

The controller area network segment is anticipated to dominate the market during the forecast period.

Based on the cables, it is segmented into controller area network, controller area network flexible data rate, flexray, ethernet, low voltage differential signaling/high speed data, and coaxial cables. The controller area network segment is anticipated to dominate the market during the forecast period. Similarly, ethernet segment is anticipated to witness the fastest growth during the forecast period.

The passenger vehicle segment is anticipated to dominate the market during the forecast period

Based on the vehicle, it is segmented into passenger vehicles, and commercial vehicles. The passenger vehicle segment is anticipated to dominate the market during the forecast period. Similarly, the commercial vehicle segment is anticipated to witness the fastest growth during the forecast period.

The powertrain segment is anticipated to dominate the market during the forecast period

Based on the application, it is segmented into powertrain, body control & comfort, infotainment & communication, safety & ADAS. The powertrain segment is anticipated to dominate the market during the forecast period. Similarly, infotainment & communication is expected to witness the fastest growth during the forecast period.

The North American region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period.

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Competitive Landscape

The key players studied in the report are ACOME Group, Aptiv PLC, Belden Incorporated, Coficab group, Condumex S.A. de C.V., Coroplast, Amphelone Corporation, General Cable Technologies Corporation, Furukawa Electric Industries Ltd., Champlain Cable Corporation, among others.

Automotive Data Cables Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Automotive Data Cables market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Automotive Data Cables market potential from 2022 to 2032 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Automotive Data Cables market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Automotive Data Cables industry.

Global Automotive Data Cables Market Segmentation

By Cable

  • Controller Area Network
  • Controller Area Network Flexible Data-Rate
  • FlexRay
  • Ethernet
  • Low Voltage Differential Signaling/High Speed Data
  • Coaxial Cables

By Vehicle

  • Passenger Vehicles
  • Commercial Vehicles

By Application

  • Powertrain
  • Body Control & Comfort
  • Infotainment & Communication
  • Safety & ADAS

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

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Refrigerated Truck Rental Market
January, 2023

Refrigerated Truck Rental Market to Reach US$ 2.2 Bn by 2032, driven by the The increasing demand for refrigerated transportation of food & beverages and pharmaceutical products: Global Insight Services

New York, January 2023: According to a new research study by Global Insight Services (GIS), the global Refrigerated Truck Rental market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 2.2 Billion by 2032.

Refrigerated truck rental is the renting of a truck that has been outfitted with a refrigeration unit. This type of truck is typically used to transport perishable goods, such as food or flowers. Refrigerated truck rental is a popular option for businesses that need to transport temperature-sensitive items but do not have the budget to purchase or maintain their own refrigerated truck.

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Refrigerated Truck Rental Market: Key Trends and Drivers

The growth opportunities in the market can be found mainly in the looming need for refrigerated transport of pharmaceuticals and food and beverages. Moreover, the refrigerated freight industry is expected to thrive in line with the continued growth in the volume of goods transported by road. Furthermore, the rapid growth of the retail e-commerce industry, the subsequent growth in the need for advanced and efficient logistics, and strengthening regulations on vehicular emissions are some of the factors that have been augmenting the growth of reefer trucks. Refrigerated truck transport happens to be a “derived demand” industry, where the demand for refrigerated truckers is directly proportional to the demand for the products these vehicles are supposed to haul. Besides, reefer truck rental can be a highly cost-effective alternative for businesses engaged in handling reefer cargo as it relieves these businesses from the costs incurred on maintaining a fleet of reefer trucks. Also, refrigerated truck rental services are ideal to ensure proper storage and transportation of temperature-sensitive products and prevent perishable products from spoilage.

Refrigerated Truck Rental Market: Restraints & Challenges

The key restraints and challenges in refrigerated truck rental market include high initial investment, volatile raw material prices, and stringent environmental regulations. High initial investment is a major restraint for the growth of the refrigerated truck rental market. The cost of a refrigerated truck is higher than that of a regular truck, due to the additional cost of the refrigeration system. This high cost acts as a barrier to entry for small and medium enterprises. Volatile raw material prices are another challenge for the refrigerated truck rental market. The prices of steel, aluminum, and copper, which are used in the manufacturing of refrigerated trucks, have been volatile in recent years. This volatility has a direct impact on the cost of refrigerated trucks. Stringent environmental regulations are also a challenge for the refrigerated truck rental market. These regulations limit the emissions of greenhouse gases from refrigerated trucks. This is a challenge for the industry as it needs to find ways to reduce emissions without compromising on the performance of the refrigerated trucks.

Refrigerated Truck Rental Market Report Findings

https://www.globalinsightservices.com/reports/refrigerated-truck-rental-market?preview=true

The short-term segment is likely to hold a dominant Refrigerated Truck Rental market share and grow at a substantial CAGR during the forecast period.

Based on rental type, the market has been segmented into short-term and long-term. The short-term rental segment is expected to witness significant growth from 2020 to 2027, as it aids the businesses in meeting the seasonal demand by offering suitable refrigerated trucks for the job for a short period, without any commitments or penalties. This is considered as an economically viable option. Also, short-term rental contracts offer flexibility to end-users during temporary peak seasons. Such factors are anticipated to positively influence segment growth over the forecast period.

 

The Light segment is anticipated to hold a majority of the Refrigerated Truck Rental market size throughout the study period.

Based on truck type, market is segmented into Light, Medium, and Heavy. Light truck segment led the refrigerated truck rental market. These vehicles are suitable for intra-city transportation of frozen foods and perishable products, especially for QSRs and supermarkets. Owing to the compact size, they offer ease-of-driving in the traffic-congested cities. Hence, the demand for light trucks segment is estimated to rise with the growth in e-commerce retail, FMCG, and pharmaceutical sectors. Besides, several regulations on the entry of heavy commercial vehicles in congested cities during peak hours are also projected to influence the demand.

The heavy truck segment is poised to expand at the second-highest CAGR from 2022 to 2032. Heavy trucks are mostly preferred for long-distance transportation of frozen foods and perishable goods owing to their higher transportation capacity. Moreover, with the use of multi-temperature refrigerated systems, these trucks can transport multiple products such as meat, fish, and dairy products at the same time, thus improving the delivery efficiency as well as profit margins of the service providers..

The Food & Beverages segment is anticipated to hold a majority of the Refrigerated Truck Rental market size throughout the study period.

In terms of application, the industry is classified into Food & Beverages. Pharmaceuticals, Chemicals, and Others. Among these, the Food & Beverages dominated in 2022 with a revenue share of 37.79%. Frozen food manufacturers are using technologies such as individual quick freezing (IQF) to improve the yield and quality of frozen foods. The IQF method involves transferring the individual food items on a conveyor belt into a blast freezer that quickly freezes the items. With the IQF method, every individual piece of food is frozen separately, as opposed to bulk or block freezing. This method boosts yield by 1.5-3% and results in better quality products with high nutritional value and less wastage. Examples of IQF foods include fruits such as blueberries, strawberries, and peaches, and vegetables such as corn, peas, and green beans. The global IQF vegetable market is expected to reach $2 billion by 2026, thus indicating significant demand for IQF food products in the future.

The Europe region is estimated to exhibit the highest growth rate during the Refrigerated Truck Rental market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Europe held the largest revenue share of 36.47% in 2021. The market in the U.K. is poised to expand at a considerably high CAGR of 9.6% from 2020 to 2027. The U.K. frozen food product industry is currently the fastest-growing retail category. Also, expansion of retail food chains is likely to spur the demand for cold chain logistics industry over the forecast period, thus increasing the demand for reefer truck rentals in the country. Moreover, retailers are focusing on developing long-term strategic planning to withstand stiff competition in the retail industry as well as the shift in consumer preferences. The production of fruits and vegetables has fallen in Europe owing to unseasonal conditions that could present opportunities for the frozen food industry, which in turn is further expected to drive the market.

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Competitive Landscape

The key players in the Refrigerated Truck Rental market  are Ryder System , Inc., Fraikin Limited, Penske Corporation, Inc., Petit Forestier, The Hertz Corporation, Polar Leasing, Inc., U-COOL Refrigeration, LLC, ReeferTek USA, Corp., KookMate, and Innocool.,, among others.

Recent Developments in the Refrigerated Truck Rental Market:

  • In December 2021, Penske Truck Leasing acquired DeCarolis Truck Rental, Inc.’s assets. This acquisition will expand Penskes existing fleet through the addition of about 2,350 trucks, trailers, and tractors.
  • In April 2021, Fraikin Limited U.K. announced its partnership with Samsara. This partnership aims to make real-time data available to customers to assist them to enhance the safety, efficiency, and long-term viability of their associated fleets.
  • In December 2021, Penske acquired Black Horse Carriers, Inc., which is expected to aid the expansion of Penske’s existing customer base in Chicago.

Refrigerated Truck Rental Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Refrigerated Truck Rental market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Refrigerated Truck Rental market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Refrigerated Truck Rental market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global kidney stones management market.

Global Refrigerated Truck Rental Market Segmentation

By Rental Type

  • Short-term
  • Long-term

By Truck Type

  • Light
  • Medium
  • Heavy

By Application

  • Food & Beverages
  • Pharmaceuticals
  • Chemicals
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players

 

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Catamaran Market
December, 2022

Catamaran Market to Reach US$ 2.5 Bn by 2032, driven by the The increase in leisure tourism and racing events and the increasing disposable income of people across the globe: Global Insight Services

New York, January 2023: According to a new research study by Global Insight Services (GIS), the global Catamaran market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 2.5 Billion by 2032.

A catamaran is a type of boat or ship consisting of two hulls, or platforms, that are connected by a frame. Most catamarans are powered by sails or engines. Catamarans are faster and more stable than traditional monohull boats, and are therefore popular for recreation, racing, and commercial use.

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Catamaran Market: Key Trends and Drivers

The increased disposable income of citizens, as well as an increase in cruising and racing events, are some of the factors driving the industry’s expansion. Catamarans are highly comfortable. They have significantly more room than monohulls, and this means that the cockpit and living room between the two hulls provide enough space. This is especially critical while going from one lengthy destination to another. The market is expanding at a tremendous growth rate owing to the rising marine tourism and users’ inclination toward luxurious travels. Due to the advancements in design and technology, boat manufacturers are producing catamarans that are quicker and more fuel-efficient. As a result, a slew of devoted monohull owners has switched to catamaran ownership. In November 2021, The Martini 7.0, a 165-foot catamaran yacht with unique technology that gives passengers seasickness treatment, was introduced by Servo Yachts LLC.

Catamaran Market: Restraints & Challenges

The key restraints and challenges in catamaran market are the high cost of catamaran hulls and the lack of standardization among manufacturers. The challenges associated with towing and mooring catamarans. The difficulty in finding experienced catamaran operators. Moreover, the challenges associated with repairing and maintaining catamarans.

Catamaran Market Report Findings

https://www.globalinsightservices.com/reports/catamaran-market/

The sailing catamaran segment is likely to hold a dominant Catamaran market share and grow at a substantial CAGR during the forecast period.

By product, the market is bifurcated into sailing catamarans and power catamarans. Among these, the sailing catamaran segment held the largest revenue share of 54.21% in 2021. The power catamaran segment is expected to expand at a rapid CAGR of 6.2% through the forecast period. Sailing catamarans are often used by sailors or those who like sailing, and they are ideal for a long-distance cruise. Sailboats may reach 9-10 knots with the right propeller and engine, and they are seaworthy, i.e., they provide comfort at sea. New designs and technological improvements have made sail handling on sailing catamarans easier now. Sailboats can accommodate several passengers at once, and that way, they encourage sociability and are calm. Sailing catamarans are also less expensive per cubic foot of volume.

The medium segment is anticipated to hold a majority of the Catamaran market size throughout the study period.

By size, the industry is classified into small, medium, and large. Among these, the medium segment dominated in 2021, with a revenue share of 38.05%. The small segment is expected to advance at the fastest CAGR of 6.4% throughout the forecast period. A medium-sized catamaran is 30-50 feet long, and a boat of this size has adequate space for a cabin and can easily accommodate two to four persons. The average ocean-crossing catamaran is 40 to 45 feet long. Designers can put a tremendous number of more amenities in the hulls by adding 10 feet in length. This is because adding a little more size allows designers and boat builders to dramatically broaden each hull, allowing for amenities like private staterooms, several bathrooms, and entirely separate eating and cooking areas.

The leisure catamaran segment is anticipated to hold a majority of the Catamaran market size throughout the study period.

In terms of application, the industry is classified into sport, leisure, transport, and others. Among these, the leisure catamaran market dominated in 2021 with a revenue share of 37.79%. The sport segment is expected to expand at the fastest CAGR of 6.6% throughout the forecast period. A leisure catamaran is mainly used for water tourism and recreational pleasures. These vessels may have opulent infrastructures such as lodging, cabins, and other amenities. Globally, as people’s disposable income has increased, there has been an apparent growth in tourism spending. The leisure catamaran market is expanding due to the increased popularity of water sports, improved boat infrastructure, technological advancements, and other water activities throughout the world.

The Asia Pacific region is estimated to exhibit the highest growth rate during the Catamaran market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Europe held the largest revenue share of 36.47% in 2021. Asia Pacific is expected to expand at the fastest CAGR of 7.1% throughout the forecast period. The rising number of High-Net-Worth Individuals (HNWI) and the adoption of technologically sophisticated catamarans are the primary drivers driving regional catamaran sales growth in Europe. Furthermore, the increasing popularity of water sports and fishing activities in this area is boosting Europe’s catamaran market share. Consumer spending on outdoor recreational activities is increasing, which is driving market revenue in North America. Consumers in the region are investing heavily in outdoor leisure activities, including fishing, cruise, and boating. The rise of many watersports activities such as kayaking, rafting, and canoeing is fueling a surge in demand for recreational boating throughout the region. According to the Outdoor Industry Association 2020, the outdoor recreation sector generated USD 887 billion in yearly consumer spending, 7.6 million employments, and USD 125 billion in federal, state, and local tax revenues each year, consequently increasing market size.

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Competitive Landscape

The key players in the Catamaran market  are Robertson & Caine, Fountaine Pajot, Lagoon, World Cat, Catana Group, Outremer Yachting, LeisureCat, Seawind, Incat Crowther, and Voyage, among others.

Recent Developments in the Catamaran Market:

  • In January 2022, the Martini 7.0, a 165-foot catamaran yacht, featuring unique technology that gives passengers seasickness treatment, was presented by Servo Yachts. The Martini 7.0, created in partnership with the U.K.-based company Shuttleworth Design, has novel marine stabilization techniques that allow the yacht to glide more softly across the water, eliminating the kind of motion that often causes guests to get seasick.
  • In October 2021, Groupe Beneteau announced that it had acquired STARFISHER, a shipyard in Portugal, which became GB PORTUGAL, which will help them to strengthen the capacity of production for 25 to 35-foot powerboats by setting itself up in Portugal.

Catamaran Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Catamaran market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Catamaran market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Catamaran market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global kidney stones management market.

Global Catamaran Market Segmentation

By Product

  • Sailing Catamarans
  • Power Catamarans

By Size

  • Small
  • Medium
  • Large

By Application

  • Sport
  • Leisure
  • Transport
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players

 

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Event Logistics Market
August, 2022

Global Event Logistics Market to Reach US$ 81.2 BN by 2031, driven by the High Demand for Air Freight Services Globally: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the event logistics market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 81.2 billion by 2031.

Event logistics involve delivering, controlling, and planning the physical flow of goods. To meet customers’ requirements, accurate information is to be shared by the respective department about the events that have been held. Contracting firms are specialized in handling functions such as storage, warehousing, freight, and storage. The event logistics market consists of several types of events, including entertainment, sports, trade fairs, and other events, including cultural festivals, business conferences, and government-sponsored events.

Further, event organizers provide their clients with event logistics such as storage, event registration, and venue selection. Event logistics services aim to design an event with an efficient method of organizing and controlling all of the individuals participating and the resources required for the event.

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Global Event Logistics Market: Key Drivers

With the growing industries worldwide, the events are also increasing daily. To organize daily events, event organizers need faster transport systems, such as on-time delivery or just-in-time delivery, to deliver goods quickly. Thus, the air freight services will help faster goods transportation with more safety. With the increasing demand for quick delivery, express shipping is trending nowadays. The express shipping option of air freight makes it valuable for coordinating time-sensitive shipments globally. Small and mid-sized companies benefit from air freight as it allows them to participate in trade shows expeditiously and effectively. Third-party logistics can determine the most reliable and cost-effective means of using air freight options to transport deliveries.

Further, due to the COVID-19 pandemic, there are travel restrictions across the globe. Hence, many airlines are converting their passenger aircraft into air cargo shipping aircraft. Thus, the demand for air freight services will also be high. Therefore, with the high preference for air freight services to other transportation modes, including road and sea, the demand for air freight services will be higher.

Global Event Logistics Market: Market Restraints and Challenges

With the increase in demand for value-added services and specialized professional supply chain solutions in the event logistics market, the industry is becoming highly competitive in terms of the pricing of services. Vendors in the global event logistics market are under continuous pressure from customers to keep their prices low. Due to the instability of fuel prices, profits from fixed-term contracts with customers have been reduced. Customers are demanding lower rates while renewing contracts. Event organizers demand additional services at the same price; thus, companies face much pressure in pricing their services. The industry is characterized by its capital-intensive nature. The market requires a capital-intensive infrastructure: a large fleet of vehicles and containers at ports, technology-equipped warehouses that store different kinds of products used in events, and a skilled workforce. These types of logistics service providers must control their operational costs to compete in the market. Thus, small-sized event logistics companies that generate low revenue from their business operations break even because of high operating costs. Therefore, the high cost of operation and competitive pricing is also estimated to hamper the global event logistics market growth.

Global Event Logistics Market Report Findings

https://www.globalinsightservices.com/reports/event-logistics-market/

The freight forwarding segment is likely to hold the major share of the market in 2021

Based on type, it is segmented into inventory management, delivery systems, freight forwarding, and others. The freight forwarding segment is expected to be the largest segment in the event logistics market in 2021. Growth of the global freight forwarding services are propelling, owing to growth in international trade, expansion of the e-commerce industry globally, and rise in the free trade agreements between nations. Further, freight forwarders manage the risks and benefits of shipping both nationally and internationally by performing the required tasks such as freight rate negotiations, container tracking, customs documentation and freight consolidation. Due to these factors mentioned above, the freight forwarding segment is expected to hold a major market share in 2021.

The sports segment is likely to hold the major share of the market in 2021

Based on application, it is segmented into entertainment and media, sports, corporate events and trade fair, and others. The sports segment is expected to be the largest segment in the event logistics market in 2021 owing to the growth in global sports industry. Emergence of e-sports, rising sponsorships, and increase in internet accessible devices will drive the growth of sports industry. Thus, the sports segment will likely hold a major market share in 2021.

The Europe region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Europe market is expected to hold the majority of the market share in 2021. Rapid urbanization and consequent rise in disposable income in developing European countries have increased mobile application adoption, which has offered lucrative opportunities for the Europe e-commerce sector with the rise in the number of trade events. European companies have innovated apps that are easy to use, while policy upgrades have attracted many customers. This, in turn, boosts the demand for event logistics in the Europe region.

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Competitive Landscape

The key players studied in the global event logistics market are AFP Global Logistics (US), CEVA Logistics (France), Charles Kendall Group (UK), DHL International GmbH (Germany), FedEx Corporation (US), GEODIS (France), Kuehne + Nagel Management AG (Switzerland), Rhenus Group (Germany), Schenker AG (Germany), and XPO Logistics, Inc. (France).

Global Event Logistics Market: Recent Developments

  • April 2022, FedEx Corporation mentioned its logistics subsidiary had opened a new global headquarters in downtown Memphis, Tennessee.
  • May 2021, FedEx Express announced its association with Reimagining Inclusion for Social Equity (RISE) 2021 as its official logistics partner. The event is Pride Circle’s annual flagship event, and India’s premier and biggest LGBT+ conference, job fair, and marketplace. The virtual event held on May 4-8, 2021, and hosted more than 1,000 changemakers, business leaders, organizations, students, diversity and inclusion professionals, advocates, and experts from around the world.
  • March 2021, DHL Express joins Mumbai Indians as Principal Sponsor and Official Logistics Partner. This partnership with Mumbai Indians marks DHL Express first-ever cricket sponsorship, globally. The association with global brand like DHL Express highlights Mumbai Indians growing stature as a fast-emerging global sports club and preferred brand of choice.

Global Event Logistics Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global event logistics market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future global event logistics market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global event logistics market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global event logistics industry.

Global Event Logistics Market Segmentation

By Type

  • Inventory Management
  • Delivery Systems
  • Freight Forwarding
  • Others

By Application

  • Entertainment and Media
  • Sports
  • Corporate Events and Trade Fair
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Key Players

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Automated Truck Loading System (ATLS) Market
August, 2022

Global Automated Truck Loading System (ATLS) Market to Reach US$ 4.4 BN by 2031, driven by Increasing Adoption of Autonomous Vehicles: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the automated truck loading system (ATLS) market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 4.4 billion by 2031.

Automated truck loading systems are used for loading and unloading material in trucks in various industries. This system helps reduce the workforce and minimize accidents, hence growing the adoption of an automated truck loading system. Rising automation in the industries is also augmenting the growth of the automated truck-loading system market. Growing transportation of material is focusing on optimizing the logistics supply chain, accelerating the growth of the automated truck loading system market. This system helps to eliminate product damage and increase the efficiency of loading and unloading material.

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Global Automated Truck Loading System (ATLS) Market: Key Drivers

Autonomous truck loading plays a vital role in automated logistics processes. Companies such as Google and Tesla have made significant advances in logistics technologies. The future of logistics will include a largely automated truck loading system that assists in delivering goods to distribution centers. Autonomous forklifts will be responsible for unloading packages using a network of conveyor belts and robot arms. Tesla, a leading manufacturer of electric vehicles, is undertaking measures to introduce a fully automatic truck loading system. Similarly, companies such as Amazon and United Parcel Service invest in developing automated delivery processes. Thus, adopting autonomous vehicles will help grow the global automated truck loading system (ATLS) market.

Global Automated Truck Loading System (ATLS) Market: Market Restraints and Challenges

The automation of truck loading operations requires high capital investment. Setting up large-scale automated warehouse facilities involves installing automation equipment, software, and solutions, which incur heavy expenses. It is not viable for several companies to replace their existing logistics processes due to the high cost of new and advanced systems. Automation systems used in industries require maintenance and upgrades occasionally, involving high capital re-investments. Thus, companies with limited financial resources cannot opt for automation systems, thereby restraining the growth of the global automated truck loading system (ATLS) market.

Global Automated Truck Loading System (ATLS) Market Report Findings

https://www.globalinsightservices.com/reports/automated-truck-loading-system-atls-market/

The saw-tooth segment is likely to hold the major share of the market in 2021

Based on loading dock, it is segmented into flush, enclosed, and saw-tooth. The saw-tooth segment is expected to have the largest automated truck loading system (ATLS) market share in 2021. The major drivers contributing to this growth include increasing the adoption of saw-tooth-designed loading docks for efficient loading and unloading processes. These saw-tooth docks are applied where the dock space needs to be reduced. In this dock design, the truck requires less space as it is already lined up in the driveway direction. Hence, these docks are utilized in industries with space constraints for loading and unloading operations. Due to multiple benefits, the saw-tooth segment is expected to receive the main market attraction resulting in market growth.

The roller track segment is likely to dominate the market during the forecast period

Based on system type, it is segmented into chain conveyor, slat conveyor, belt conveyor, skate conveyor, roller track, and automated guided vehicle. The roller track segment is expected to dominate the market during the forecast period. Roller track system provides an efficient roller system to enable the movement of loads, products, or machinery within a predetermined location. It was mainly invented to improve the manual loading of vehicles. The principle of a roller track system is to have the rollers available only when movement is required, with the load safely located on a floor at all other times. Roller tracks can be incorporated with scissor lifts and dock levelers, making loading and unloading trailers with varying floor heights much easier. Furthermore, Roller track systems have various applications in various industries, including paper, post and parcel, FMGC, pharmaceutical, automotive, and warehouse & distribution. Due to the abovementioned factors, the roller track segment are expected to dominate the market during the forecast period.

The automotive industry segment is likely to hold the major share of the market in 2021

Based on application, it is segmented into logistics and transportation industry, food & beverage industry, paper industry, automotive industry, air freight industry, and cement industry. The automotive industry segment is expected to be the largest segment in the automated truck loading system (ATLS) market in 2021. The automotive industry is one of the front runners in the field of automation and mechanization of the logistics chain. The major reasons for this growth include the widespread deployment of ATLS in this industry. The loading system plays a very important role as the components have to be delivered at the correct place, at the correct time, and in the correct sequence. Thus, the automotive industry segment will likely hold a major market share in 2021.

The Europe region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Europe market is expected to hold the majority of the market share in 2021. The factors contributing to this growth include the growing importance of adopting automation technologies for truck loading and unloading. The European region majorly comprises automotive and large process industries. These industries continuously strive to achieve greater efficiency by delivering goods on time. Adopting ATLS can help reduce the truck turnaround time, reduce the workforce requirement, and save costs. This, in turn, boosts the demand for automated truck loading system (ATLS) in the Europe region.

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Competitive Landscape

The key players studied in the global automated truck loading system (ATLS) market are Actiw Oy (Finland), Ancra Systems B.V. (The Netherlands), Ari (US), BEUMER Group GmbH & Co. KG (Germany), Blue Star Limited (India), Europa Systems Sp. z o.o (Poland), Joloda Hydraroll Limited (UK), Secon Components S.L (Spain), SMCore Inc. (South Korea), and Technica International SAL (Lebanon).

Global Automated Truck Loading System (ATLS) Market: Recent Developments

  • August 2022, Ancra Systems announces its cooperation with SmartTEH Ltd. In contrast, Ancra extends its ATLs portfolio with a semi-automatic container loading system, particularly suitable for loading long or heavy goods in containers as used in the wood industry and forest industry as well as the steel industry.
  • November 2021, Ancra Systems installed the first Skateloader Pallet & Slip-sheet version in the warehouse of the multinational foods manufacturer. And along with that, the company is building two more Skateloaders for global customers in the beverage and floor/wall panels manufacturing industries.

Global Automated Truck Loading System (ATLS) Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global automated truck loading system (ATLS) market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future global automated truck loading system (ATLS) market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global automated truck loading system (ATLS) market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global automated truck loading system (ATLS) industry.

Global Automated Truck Loading System (ATLS) Market Segmentation

By Loading Dock

  • Flush
  • Enclosed
  • Saw-tooth

By System Type

  • Chain Conveyor
  • Slat Conveyor
  • Belt Conveyor
  • Skate Conveyor
  • Roller Track
  • Automated Guided Vehicle

By Application

  • Logistics and Transportation Industry
  • Food & Beverage Industry
  • Paper Industry
  • Automotive Industry
  • Air Freight Industry
  • Cement Industry

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Key Players

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Express Delivery Market
August, 2022

Global Express Delivery Market to Reach US$ 495.8 BN by 2031, driven by Rapid Growth in International Trade Services: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the express delivery market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 495.8 billion by 2031.

Express delivery is the fastest form of shipping that involves the delivery of various goods and products through different mediums, such as air, water, and land. The customer pays an extra shipping cost for this type of delivery, as the shipment will get transported to him anywhere between 24 to 72 hours, depending on the distance of the shipment. In express shipping, the price and rates are also higher when compared with other forms of transportation. Further, express delivery services significantly operate on the business-to-business (B2B) and business-to-customer (B2C) models. These include personal and business items such as letters, documents, merchandise, consumer goods, and other non-palletized goods. Several express delivery service providers offer value-added services such as packaging, labeling, billing, payment collection, return, and exchange.

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Global Express Delivery Market: Key Drivers

Developing cross-border trade channels, especially in emerging nations, has enhanced international trade and B2C shipment adoption. Also, the growth of cross-border e-commerce coupled with rapid globalization is the key factor for developing international trade in the country. Attributed to factors such as unavailability of products in the domestic market, affordability, and better quality, people prefer to buy things from international websites. Therefore, growth in cross-border e-commerce sales led to an increase in the import volume of international parcels, which fuels the demand for express delivery services in the country. In addition, the development of the overseas market is a significant factor that fuels the market’s growth. Hence, express delivery services are gaining significance as the global economy becomes increasingly integrated, owing to rapid growth in international trade services. This factor drives the growth of the global express delivery market.

Global Express Delivery Market: Market Restraints and Challenges

Infrastructure availability and quality are key components in determining the express delivery environment of a country. It can be observed that in terms of infrastructure, express delivery services suffer from limited capacity and capability. These include significant inefficiencies in transport, poor condition of storage infrastructure, complex tax structure, low rate of technology adoption, and poor skills of delivery professionals. Poor road transportation infrastructure is one of the key issues affecting the express delivery market. Also, metropolis traffic congestion is a major issue in the population concentrated in urban areas for express deliveries in the domestic market. In addition, airfreight transport is very important for express delivery of items, especially for international parcel deliveries that are time bound. Thus, lack of adequate airfreight may delay delivery.

Further, many countries lack postal codes and rely on local landmarks for addresses, so shipping companies often have trouble delivering parcels successfully. Furthermore, factors such as lack of skilled workforce, poor IT infrastructure, and over-reliance on cash-on-delivery (CoD) payment also affect the growth of express delivery services in several countries worldwide. Therefore, a lack of infrastructure is anticipated to hinder the growth of the express delivery market.

Global Express Delivery Market Report Findings

https://www.globalinsightservices.com/reports/express-delivery-market/

The domestic segment is likely to hold the major share of the market in 2021

Based on destination, it is bifurcated into domestic and international. The domestic segment is expected to have the largest express delivery market share in 2021. Domestic express delivery is a fast and common service best suited to small and medium-sized packages. Send packages easily across the country’s borders with delivery to most business locations and postcodes on the next working day. This is a perfect option for time-sensitive and urgent parcels, with complete monitoring available to help consumers keep an eye on where their package is. For instance, DHL International GmbH., offers local express delivery services. Due to multiple benefits, the domestic segment is expected to receive the main market attraction resulting in market growth.

The B2B segment is likely to dominate the market during the forecast period

Based on business type, it is bifurcated into B2B and B2C. The B2B segment is expected to dominate the market during the forecast period. B2B express delivery refers to delivering packages couriers and other important documents or products of businesses to other enterprises. Express delivery is highly adopted by businesses to courier products such as documents on urgent basis to their client companies in order to maintain continuous and smooth daily business processes. Documents include important papers such as legal and financial documents, which surges the demand for instance or same day delivery to the other organization in order to minimize any risk of misplacement, which may cause severe losses to both the companies. Due to the abovementioned factors, the B2B segment are expected to dominate the market during the forecast period.

The automotive segment is likely to hold the major share of the market in 2021

Based on end user, it is segmented into BFSI, automotive, pharmaceuticals, IT and telecom, electronics, retail and ecommerce, and others. The automotive segment is expected to be the largest segment in the express delivery market in 2021. The automotive sector utilizes express delivery services to transport manufactured cars from manufacturing units to various sales points within and outside the country’s borders. Various forms of transportation are used for automotive transportation, such as road, rail, overseas, and air. Thus, the automotive segment will likely hold a major market share in 2021.

The Asia Pacific region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. This is attributed to the rise in e-commerce, high population growth, rising disposable incomes & standards of living, high government support for development of logistics infrastructure and growth in international trade. This, in turn, boosts the demand for express delivery in the Asia Pacific region.

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Competitive Landscape

The key players studied in the global express delivery market are AsstrA-Associated Traffic AG (Switzerland), Courier Express (US), Delhivery Limited (India), Deutsche Post DHL Group (Germany), DTDC Express Limited (India), Ecom Express Limited (India), Express Delivery Services (India), FedEx Corporation (US), S.F. Express Co., Ltd. (China), and TCI Express Limited (India).

Global Express Delivery Market: Recent Developments

  • July 2022, DHL Express Germany marked the official start of construction for its new Munich Airport facility with a groundbreaking ceremony. The building, built on parking lots P 80 and P 80 West, will boast a gross floor area of over 11,000 square meters. This will make the facility almost seven times larger than the warehouse DHL Express currently rents at Munich Airport’s cargo center. DHL Express will build and operate the new site on land leased from the airport operator Flughafen München GmbH (FMG).
  • July 2022, DHL eCommerce Solutions had planned to invest €560m across its UK e-commerce operation, DHL Parcel UK. The investment comes following a 40% volume uplift since the start of 2020 and soaring demand for its e-commerce and B2B services. The expansion project is designed to deliver the right infrastructure to facilitate growth and put the business at the forefront of sustainable digital logistics.
  • June 2022, FedEx Corp. hosted an investor meeting where President & Chief Executive Officer and the FedEx leadership team will present a strategic plan to deliver more value for customers, stockholders, and team members. FedEx will also outline its fiscal 2025 financial targets.

Global Express Delivery Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global express delivery market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future global express delivery market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global express delivery market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global express delivery industry.

Global Express Delivery Market Segmentation

By Destination

  • Domestic
  • International

By Business Type

  • B2B
  • B2C

By End User

  • BFSI
  • Automotive
  • Pharmaceuticals
  • IT and Telecom
  • Electronics
  • Retail and Ecommerce
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Key Players

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Automotive Brake Shims Market
August, 2022

Global Automotive Brake Shims Market to Reach US$ 0.8 BN by 2031, driven by the Surge in Production of Automotive Vehicles: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the automotive brake shims market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 0.8 billion by 2031.

Automotive brake shims are used in the disc brakes system to control the excessive noise generated by the disc to stop the movement of the wheel hub. Automotive brake shims are used in all vehicles, including two-wheelers, cars, and commercial vehicles. An automotive disc brake can be installed front, rear, or both sides in wheel hubs. Automotive brake shims are designed to provide a multifunction noise control system and act as a component attached to the friction pad backing plate. Nowadays, manufacturers are focusing on high-quality brake shims made up of advanced technological materials or various grades of metals, such as viscoelastic polymers/bonding materials, elastomeric rubbers, and fiberglass.

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Global Automotive Brake Shims Market: Key Drivers

The trend of urbanization is growing rapidly, increasing the average disposable income of the urban population and allowing people to enhance their lifestyles. The transformed lifestyles further boost the demand for passenger cars, thus, propelling the manufacturers to uplift their production to fulfill customers’ requirements. Production of vehicles, including passenger cars and commercial vehicles, registered steady growth in developed and developing economies in the post-recession era since 2010. Lowered interest rates on loans have also favored the growth of the automobile industry.

In the past few years, consumer behavior toward intercity and intracity transit has changed. With an increase in the disposable income of individuals and the stable economic structure of countries, the production of vehicles has been boosted exponentially. With the rising demand for cars globally, car production has increased, creating the requirement for automotive brake shims, thereby increasing the growth in the global automotive brake shims market.

Global Automotive Brake Shims Market: Market Restraints and Challenges

The high initial and installation cost of automotive disc brake systems in automobiles can act as a restraint for the sales of the automotive brake shims market. Moreover, rising prices of vehicles, along with high cost incurred in design and testing, is also estimated to hamper the global automotive brake shims market growth.

Global Automotive Brake Shims Market Report Findings

https://www.globalinsightservices.com/reports/automotive-brake-shims-market/

The others segment is likely to hold the major share of the market in 2021

Based on material type, it is segmented into rubber coated, PSA material, thermoset material, and others. The others segment is expected to be the largest segment in the automotive brake shims market in 2021. High-quality brake shims usually start with a high-quality metal or fibrous material. The shim manufacturer will select a grade of material with the right hardness, thickness, and dampening properties. The elastomeric materials categorized in others segment can be applied to the steel in a controlled process that ensures the correct depth. These materials are then vulcanized to the metal to ensure that they will endure the harsh environment of the braking system. Due to these factors mentioned above, the others segment is expected to hold a major market share in 2021.

The passenger vehicle segment is likely to hold the major share of the market in 2021

Based on application, it is segmented into two-wheeler, passenger vehicle, and commercial vehicle. The passenger vehicle segment is expected to be the largest segment in the automotive brake shims market in 2021. The growing demand of automotive brake shims in passenger cars segment can be primarily attributed to the increased sales of these vehicles when compared to two-wheeler and commercial vehicle are boosting the growth of the market. Thus, the passenger vehicle segment will likely hold a major market share in 2021.

The Asia Pacific region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021 owing to increasing disposable income of the middle class population with high living standard as well as increasing number of premium segments vehicle sales. This, in turn, boosts the demand for automotive brake shims in the Asia Pacific region.

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Competitive Landscape

The key players studied in the global automotive brake shims market are Avery Dennison Corporation (US), Brake Performance (US), Brembo S.p.A. (Italy), Delphi Technologies (UK), Meneta (Denmark), Nucap Industries Inc. (Canada), Robert Bosch LLC (Germany), Super Circle Auto Limited (India), TMD Friction Services GmbH (Germany), and Trelleborg AB (Sweden).

Global Automotive Brake Shims Market: Recent Developments

  • June 2022, Meneta Group had demonstrated its engineering excellence and innovative capacity. At the end of Q1 2022, Meneta finalized the development of a new adhesive named H1. It is the first high-temperature damping acrylic adhesive on the market.
  • February 2020, Bosch launched new parts, including brake pads for selected vehicles. Bosch launched three new brake pad stock-keeping units added to the Bosch QuietCast brake pad product line. The new parts include synthetic lubricant and a hardware kit for specific applications. The brake pads feature multilayer shims for superior noise dampening, providing added protection to the braking system.

Global Automotive Brake Shims Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global automotive brake shims market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future global automotive brake shims market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global automotive brake shims market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global automotive brake shims industry.

Global Automotive Brake Shims Market Segmentation

By Material Type

  • Rubber Coated
  • PSA Material
  • Thermoset Material
  • Others

By Application

  • Two-Wheeler
  • Passenger Vehicle
  • Commercial Vehicle

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Key Players

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Orthodontic Supplies Market
August, 2022

Orthodontic Supplies Market to Reach US$ b 12.8 bn by 2031, driven by ncreasing prevalence of oral diseases including malocclusion: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the global orthodontic supplies market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 12.8 billion by 2031.

Orthodontics is a branch of dentistry that focuses on the diagnosis, prevention, and treatment of crooked teeth and jaws and incorrect bite patterns. It may also deal with dentofacial orthopedics, which is the modulation of facial growth. Teeth and jaws that are not aligned properly are fairly prevalent. Orthodontic Treatment comprises utilizing dental braces and other tools to progressively modify tooth position and jaw alignment over months to years. In extreme situations of malocclusion, jaw surgery may be recommended as part of the treatment regimen. Treatment is generally started before a person reaches maturity, because pre-adult bones may be modified more easily.

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Orthodontic Supplies Market: Key Trends and Drivers

Emerging markets such as China, India, Brazil, and Mexico are expected to offer significant growth opportunities for players in the orthodontic supplies market. Growth in these markets can be attributed to the presence of a large patient population, rising disposable incomes among the middle-class population, and the increasing focus of public and private organizations on increasing the awareness about orthodontic treatments and dental hygiene. To leverage the significant growth opportunities in emerging countries, players are increasingly focusing on undertaking strategic developments to increase their presence in these markets and tap a large number of customers. Along with this, many players are focusing on strategic investments to develop end-to-end digital software solutions with 3D digital scanning, diagnostics, outcome visualization, treatment planning, custom appliances, and custom lab products. For instance, in September 2020, Light Force Orthodontics, a manufacturer of customizable 3D-printed bracket systems, raised USD 14 million from Series B round led by Tyche Partners with follow-on investment from Matrix Partners and AM Ventures.

Orthodontic Supplies Market: Restraints & Challenges

Dearth of trained dental practitioners may restraint the growth of market. The demand for dental care services is expected to grow across the globe mainly due to the changing demographics, growing dental care awareness, and the rising prevalence of dental diseases. Regions such as Africa, Asia, and Latin America have a shortage of oral health personnel. The shortage of dentists and lack of training among dentist about the advanced orthodontic in these are factors expected to reduce the adoption of dental consumables despite the presence of a large target patient population.

Orthodontic Supplies Market Report Findings

https://www.globalinsightservices.com/reports/orthodontic-supplies-market/

The orthodontic segment is likely to hold a dominant orthodontic supplies market share and grow at a substantial CAGR during the forecast period.

Based on product, it is segmented into fixed braces, removable braces, orthodontic adhesives and others. Fixed brace further sub categories into brackets, archwires, ligatures, anchorage and appliances. In 2021, the orthodontic segment dominated the market and accounted for the significant revenue share. Orthodontics deals with dentofacial augmentation and smile designing, both of which are major constituents of CD. Various campaigns & activities launched in various countries, such as Oral health Foundation’s initiatives, including National Smile Month, Dental Buddy, and others, in the UK, are creating awareness about dental health and related schemes.

The children & teenagers segment is anticipated to hold a majority of the orthodontic supplies market size throughout the study period.

Based on patient, it is segmented into children & teenagers, and adults. The children & teenagers segment held a significant share in the market and is expected to grow at a moderate rate over the forecast period. In addition, increase in number of children boost the growth of orthodontics market. The dental surgeries are commonly carried out in children. For instance, according to ‘The State of America’s Children 2021’, in 2019, there were over 73 million children in the U.S. Furthermore, increase in dental tourism worldwide, drives the growth of market. The dental tourism is a type of medical tourism that provides diagnosis and treatment for dental diseases. The increase in product approvals for the treatment of orthodontics are anticipated to drive the growth of market. For instance, in June, 2021, Ormco Corporation, a global leader in orthodontic solutions, received U.S. Food and Drug Administration (FDA) clearance for the use of its ‘Spark Clear Aligner System’ for orthodontic treatment in younger patients.

The e-commerce segment is anticipated to hold a majority of the orthodontic supplies market size throughout the study period.

Based on end-use, it is segmented into hospitals and dental clinics, e-commerce platforms and others. The e-commerce is expected to expand at the fastest growth rate during the forecast period. E-commerce software provides opportunities for hospitals, clinics, and other health institutes to streamline their purchase of medical equipment and other supplies. The shift of medical device manufacturers towards online platforms has generated growth opportunities for market players. Furthermore, integration of telemedicine with e-commerce software is anticipated to enhance patient experience over the coming years, which in turn will boost market growth.

The Asia-Pacific region is estimated to exhibit the highest growth rate during the surface disinfectant market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific accounted for the significant market share and expected to register the fastest CAGR from 2022 to 2031. Asia Pacific is projected to witness the fastest CAGR exceeding 16.0% during the forecast period. This upsurge is attributed to the initiatives undertaken by the government of countries such as China and India to promote digitalization in their respective countries. This has resulted in an increase in the number of internet users. According to the World Bank Group, about 34.5% of India’s population had access to the internet in 2017, an increase of around 12.5% from 2016. This high internet penetration rate has created a huge opportunity for the growth of the e-commerce sector and in turn market players to expand their business in this region. Increased focus on improving e-commerce sales is driving the adoption of e-commerce software across several countries. Countries such as India and China are likely to present potential growth opportunities for vendors of e-commerce software due to the growing e-commerce market in the Asia Pacific region. Moreover, blockchain technology is expected to emerge as a potential trend transforming the e-commerce software market in the region. The blockchain technology have significantly transformed the e-commerce space and in turn is fueling demand for e-commerce software.

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Competitive Landscape

The global orthodontic supplies market report includes players such as 3M (US), Envista Holdings Corporation (US), Dentsply Sirona (US), Align Technology (US), American Orthodontics (US), Rocky Mountain Orthodontics (US), G&H Orthodontics (US), Dentaurum (Germany), TP Orthodontics (US) and Great Lakes Dental Technologies (US), among others.

In addition, major vendors are focused on developing smarter technologies for surface disinfections. For instance, in July 2020, Align Technology, Inc. today announced the global launch of the Align Digital and Practice Transformation (ADAPT) service to provide the necessary tools and support to assist doctors and efficiently migrate to a digital orthodontic practice with a clear aligner model. The strategic move will assist the company in enhancing their product portfolio and expand their customer base.

Recent Developments in the Orthodontic Supplies Market:

  • In February 2022, OraPharma (Bausch Health Companies Inc.) announced the U.S. launch of the OraFit custom clear aligner system that is intended for correcting malocclusion. This product launch is expected to help the company in expanding its product portfolio and strengthen its industry position in the U.S.
  • In February 2022, Ormco Corporation announced the launch of its Spark Clear Aligners Release 12, offering novel clinical enhancements, product optimization, and more flexibility, efficiency, & control. This strategic development helped the company to bolster its product offerings in the market.
  • In July, 2021 3M Oral Care Introduced Next-Generation Clear Aligner System
  • In January 2021, Envista Holding Corporation (Ormco) announced the launch of spark clear aligners, an upgraded clear aligner featured with new TruGEN XR, a new material option for finishing and refinement and and CBCT integration, which enable orthodontists to visualize CBCT patient data.

Orthodontic Supplies Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global orthodontic supplies market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future orthodontic supplies market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the orthodontic supplies market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global pen needles industry.

Global Orthodontic Supplies Market Segments

By Product

  • Fixed Braces
    • Brackets
    • Archwires
    • Ligatures
    • Anchorage Appliances
  • Removable Braces
  • Orthodontic Adhesives
  • Others

By Patient

  • Children & Teenagers
  • Adults

By End-Use

  • Hospitals, and Dental Clinics
  • E-Commerce Platforms
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players Profiled in the Report

 

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Motorcycle ADAS Market
August, 2022

Global Motorcycle ADAS Market to Reach US$ 2.6 BN by 2031, driven by Increase in Demand from Customers for Technologically Advanced Motorbikes: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the motorcycle ADAS market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 2.6 billion by 2031.

Advanced driver assistance systems (ADAS) are electronic components in vehicles that provide the driver with an intelligent driving experience. These systems comprise unique sensors such as ultrasonic sensors, image sensors, radar, and others. Deployment of ADAS in vehicles enhances comfort and ensures safety on the road, which is anticipated to be a major trend in the automotive industry. Application of motorcycle ADAS includes anti-lock braking system (ABS), adaptive cruise control (ACC), traction control system (TCS), and others.

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Global Motorcycle ADAS Market: Key Drivers

Motorbikes are the most used conveyance option to travel from one location to another. They let the riders move through constricted spaces, are fast & highly maneuverable, and offer a thrilling experience while traveling on different terrains. Over the years, different kinds of motorcycles such as sport, cruiser, touring, and mopeds have been launched to cater to different customer needs. With an increasing number of cars fitted with advanced navigation, infotainment, telematics, and autonomous technologies, the demand for such bike features is anticipated to increase in the coming years. While a rising number of companies are installing features such as a global positioning system (GPS) and connected bikes, some are developing bikes with ADAS features that are anticipated to offer riders a superior driving experience. By installing state-of-the-art sensor systems and artificial intelligence (AI) technologies, bikes would offer features projected to cater to the requirements of a skilled and untrained rider. Hence, a rise in demand for technologically advanced bikes is expected to propel the growth of the global motorcycle ADAS market.

Global Motorcycle ADAS Market: Market Restraints and Challenges

The increasing installation of sensors and devices in motorcycles has made driving convenient. Sensors provide additional services such as music controls, navigation, hands-free calls, and messages. Built-in computer systems and sensors provide a better driving experience, but if mismanaged or incorrectly updated, they can cause catastrophic accidents and injuries. Depending on where and how it occurs, automotive software failure can place vehicle occupants in severe danger of catastrophic injury. Automotive software has evolved into complicated and sophisticated programs for operating advanced automobile technology and components such as camera systems, sensors, and others. As the automotive software gets intricate, the risk of failure increases. Many modern vehicles contain multiple electronic control units (ECUs) connected through network connections, most of which are required to perform essential safety systems such as antilock braking system (ABS), adaptative cruise control (ACC), traction control system (TCS), object detection based on camera images, and others. A company in the automotive supply chain may provide software for ECUs, or the manufacturer may develop and code it. When working with ECUs, one must test the complete system to ensure that all components are working properly. The failure of the vehicle’s automated braking and forward collision avoidance systems might result in accidents and injuries if an ECU malfunctions. Moreover, accidents can occur when software malfunctions and essential vehicle systems cease operating. In addition, software bugs create misalignment or disruption in the automotive sensors’ real-time environmental monitoring capability. The failure of automotive software and sensors has a negative effect on the performance of the ADAS system, limiting the growth of the global motorcycle ADAS market.

Global Motorcycle ADAS Market Report Findings

https://www.globalinsightservices.com/reports/motorcycle-adas-market/

The ECU segment is likely to hold the major share of the market in 2021

Based on component, it is segmented into ECU, sensors, gear assitors, and others. The ECU segment is expected to have the largest motorcycle ADAS market share in 2021. Motorcycle manufacturers will move from carburetors to electronic systems to comply with regulations. Electronically controlled systems enable motorcycles (and other small engine applications) to meet stricter emissions regulations. Due to multiple benefits, the ECU segment is expected to receive the main market attraction resulting in market growth.

The ABS segment is likely to dominate the market during the forecast period

Based on system, it is segmented into ABS, ACC, TCS, and others. The ABS segment is expected to dominate the market during the forecast period. Factors attributing to the growth of the ABS segment is increasing motorbikes accidents due to brake failure and increasing awareness regarding road safety among consumers. Adaptive cruise control is the second dominating segment in the market owing to the increasing demand for accurate bike data for improvement of future bike performances. Due to the abovementioned factors, the ABS segment is expected to dominate the market during the forecast period.

The gasoline segment is likely to hold the major share of the market in 2021

Based on propulsion, it is bifurcated into gasoline and electric. The gasoline segment is expected to be the largest segment in the motorcycle ADAS market in 2021 owing to the increasing production of motorcycles and increasing demand for technologically advanced cruise control of bike rides. Thus, the gasoline segment will likely hold a major market share in 2021.

The Europe region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Europe market is expected to hold the majority of the market share in 2021 owing to the high rate of adoption of systems and the development of the automotive sector infrastructure, leading to increased production of vehicles with safety systems, especially in Germany, France, the U.K., and Spain. Major motorcycle manufacturers are present in the region. This, in turn, boosts the demand for motorcycle ADAS in the Europe region.

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Competitive Landscape

The key players studied in the global motorcycle ADAS market are Bajaj Auto Limited (India), Continental AG (Germany), IPG Automotive GmbH (Germany), KTM Sportmotorcycle GmbH (Austria), M-ADAS (Israel), Mechanical Simulation Corporation (US), Robert Bosch GmbH (Germany), Sensata Technologies, Inc. (US), Yamaha Motor Co., Ltd. (Japan), and ZF Friedrichshafen AG (Germany).

Global Motorcycle ADAS Market: Recent Developments

  • April 2022, Continental AG ups bet on India; set to make new investments. Continental made a significant investment of ”close to 260 million Euros’ (approximately INR 2,100) in India, followed by a ‘high two digit’ million Euros between 2018 and 2020. The latest project under the investment already made is a surface solutions plant near Pune that cost the company a couple of hundred crore rupees.
  • September 2021, The ZF e-bike speed sensor enriches the new trend of ABS applications. The ZF e-bike speed sensor GS82-AA02 was specially developed for use in Pedelecs and S-Pedelecs. Based on hall technology, the sensor, combined with an external, ferromagnetic speed disk, achieves a high-resolution speed measurement. The sensor targets the slot structure of the speed disc and, depending on the number of slots, and it transmits up to 50 or more speed signals per wheel revolution.
  • August 2021, Bosch planned to start production of motorcycle ABS at its Amata plant in Rayong, Thailand, in the second quarter of 2022. Following Japan and India, the Amata plant will be Bosch’s third manufacturing site for motorcycle ABS worldwide. This global manufacturing network allows Bosch to support global two-wheeler manufacturers’ efforts to optimize their supply chains.

Global Motorcycle ADAS Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global motorcycle ADAS market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future global motorcycle ADAS market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global motorcycle ADAS market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global motorcycle ADAS industry.

Global Motorcycle ADAS Market Segmentation

By Component

  • ECU
  • Sensors
  • Gear Assitors
  • Others

By System

  • ABS
  • ACC
  • TCS
  • Others

By Propulsion

  • Gasoline
  • Electric

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Key Players

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Freight Forwarding Market
August, 2022

Global Freight Forwarding Market to Reach US$ 285.2 BN by 2031, driven by Surge in International Trade Volumes and Integrated Services Offered by Freight Forwarders: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the freight forwarding market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 285.2 billion by 2031.

Freight forwarding is organizing, coordinating, and shipping goods from one place to another across international borders through a single or multiple carriers. The shipment of the goods occurs through land, air, or sea. The company responsible for organizing the shipment is known as a freight forwarder. Freight forwarders manage the benefits and risks of shipping nationally and internationally by performing the required tasks, including container tracking, freight rate negotiations, freight consolidation, and customs documentation. Moreover, freight forwarding comprises numerous stages such as export customs clearance, export haulage, import customs clearance, origin handling, destination handling, and import haulage.

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Global Freight Forwarding Market: Key Drivers

A surge in international trade volumes is one of the primary drivers of the growth of the freight forwarding market. An increasing number of trade agreements, especially among emerging economies, is a key factor driving the growth of international trade. Additionally, a booming e-commerce market has helped augment trade activities, resulting in increased freight forwarding market growth.

Further, integrated services offered by freight forwarders are another key factor responsible for the growth of the freight forwarding market. Besides transporting cargo, freight forwarders also provide other integrated services such as packaging, insurance, and documentation. Thus, the availability of a wide range of services has also resulted in propelling the growth of the freight forwarding market.

Global Freight Forwarding Market: Market Restraints and Challenges

In the past, the story of manufacturing was globalization. But, in recent years, manufacturers have begun to move production closer to home. This means new or expanded local facilities, which makes the opportunity to upgrade to smart factory infrastructure at these facilities irresistible. People have witnessed many global supply chain disruptions in the past, such as an earthquake & tsunami in Japan, floods in Thailand, a US-China trade war, and the COVID-19 pandemic. The push for reshoring to minimize supply chain disruption started long before COVID-19, but it accelerated majorly during the pandemic as the importance of supply chain resilience came to the forefront. Thus, the rise in reshoring and nearshoring manufacturing is projected to create challenges for the global freight forwarding market.

Global Freight Forwarding Market Report Findings

https://www.globalinsightservices.com/reports/freight-forwarding-market/

The transportation and warehousing segment is likely to hold the major share of the market in 2021

Based on service, it is segmented into transportation and warehousing, packaging and documentation, and value-added services. The transportation and warehousing segment is expected to have the largest freight forwarding market share in 2021. Businesses are a part of society, which cannot function on their own. Two aspects of any economy that affect a company’s functionality are its transportation and warehousing. Transportation systems help firms to move their products from one point to another. Similarly, warehousing facilities allow them to stock their inventory. Due to above factor, the transportation and warehousing segment is expected to receive the main market attraction resulting in market growth.

The air freight forwarding segment is likely to dominate the market during the forecast period

Based on mode of transport, it is segmented into land freight forwarding, sea freight forwarding, and air freight forwarding. The air freight forwarding segment is expected to dominate the market during the forecast period owing to increasing internet penetration, infrastructure expansions, and rising buying power parity. Due to these factors mentioned above, the air freight forwarding segment is expected to dominate the market during the forecast period.

The B2B segment is likely to hold the major share of the market in 2021

Based on customer type, it is bifurcated into B2B and B2C. The B2B years segment is expected to be the largest segment in the freight forwarding market in 2021. B2B marketplaces were rightly positioned to take advantage of the opportunity, offering quality products at reasonable prices and reliable delivery schedules, coupled with necessary standard credit terms. Thus, the B2B segment will likely hold a major market share in 2021.

The retail and e-commerce segment is likely to dominate the market during the forecast period

Based on end-use industry, it is segmented into retail and e-commerce, manufacturing, healthcare, automotive, and others. The retail and e-commerce segment is expected to dominate the market during the forecast period owing to the e-commerce sector is rapidly evolving as the internet becomes more accessible in different parts of the world. The improvement of consumer experiences in e-commerce stores is evident. An increase in internet accessibility, plenty of products & personalized offers, ease of transaction, and the absence of the constraints of a physical presence and interaction make online shopping desirable to consumers. Due to these factors mentioned above, the retail and e-commerce segment is expected to dominate the market during the forecast period.

The Asia Pacific region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021 due to increasing customer preference for purchasing online. Moreover, the presence of many potential vendors in this region further encourages market growth. This, in turn, boosts the demand for freight forwarding in the North America region.

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Competitive Landscape

The key players studied in the global freight forwarding market are CEVA Logistics (The Netherlands), Deutsche Post DHL Group (Germany), Dimerco Express Corporation (Taiwan), DSV A/S (Denmark), FedEx Corporation (US), Kuehne + Nagel Management AG (Switzerland), MGF (Canada), Nippon Express Co., Ltd. (Japan), Schenker AG (Germany), and United Parcel Service of America, Inc. (US).

Global Freight Forwarding Market: Recent Developments

  • July 2022, DHL Global Forwarding had signed an agreement with Hapag-Lloyd, a leading worldwide liner shipping company, to use advanced biofuels. The two companies share the vision of decarbonizing container shipping and logistics. Their project demonstrates the scalability of sustainable transport solutions and the relevance of sustainable fuels in today’s market.
  • March 2022, CEVA is continuously strengthening its presence in the Nordics. The ocean freight segment in the Nordic countries is rising steadily. The most important destinations for Nordic exports are the US and China, with particularly strong growth in the automotive and industrial sectors.

Global Freight Forwarding Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global freight forwarding market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future global freight forwarding market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global freight forwarding market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global freight forwarding industry.

Global Freight Forwarding Market Segmentation

By Service

  • Transportation and Warehousing
  • Packaging and Documentation
  • Value-added Services

By Mode of Transport

  • Land Freight Forwarding
  • Sea Freight Forwarding
  • Air Freight Forwarding

By Customer Type

  • B2B
  • B2C

By End-use Industry

  • Retail and E-Commerce
  • Manufacturing
  • Healthcare
  • Automotive
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Key Players

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