Automotive & Transportation

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

• 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)
• WiTricity Corporation (US)

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., Asurion, AT&T Intellectual Property, Aviva, bolttech, Chubb, Digital Care sp. z o.o., Servify, Singtel, 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

• 3M
• Autoglym
• ITW Global Brands
• LIQUI MOLY GmbH
• Simoniz USA, Inc.
• SOFT99 Corporation
• Sonax
• Tetrosyl Ltd.
• Turtle Wax
• Wurth Group

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

• 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

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

• Ryder System , Inc.
• Fraikin Limited
• Penske Corporation, Inc.
• Petit Forestier
• The Hertz Corporation
• Polar Leasing, Inc.
• U-COOL Refrigeration, LLC
• ReeferTek USA, Corp
• KookMate
• Innocool

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

• Robertson & Caine
• Fountaine Pajot
• Lagoon
• World Cat
• Catana Group
• Outremer Yachting
• LeisureCat
• Seawind
• Incat Crowther
• Voyage

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

• 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)
• XPO Logistics, Inc. (France)

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

• 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)
• Technica International SAL (Lebanon)

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

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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

• 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)
• TCI Express Limited (India)

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

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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

• 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)
• Trelleborg AB (Sweden)

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

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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

• 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)
• Great Lakes Dental Technologies (US)

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

• 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)
• ZF Friedrichshafen AG (Germany)

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

• 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)
• United Parcel Service of America, Inc. (US)