A Market Place Research – Page 1541

Mining Drill Bits Market is Expected to Reach $1,711.8 Million by 2026

According to a new report published by Allied Market Research, titled, “Mining Drill Bits Market by Type, Material, Operation, and Bit Size: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global mining drill bits market size was valued at $1,145,000 thousand in 2018, and is projected to reach $1,711,800 thousand by 2026, growing at a CAGR of 5.1% from 2019 to 2026. The drill bits equipment are used for drilling earth surface and breaking rocks in the mining industry. Types of drill bits include rotary, DTH hammers bits, anchor bits, cross bits, and chisel bits.

The major players operating in the global mining drill bits market include Brunner and Lay, Caterpillar Inc., Changsha Heijingang Industrial Co., Ltd, Epiroc AB, Mitsubishi Materials Corporation., Robit Plc, Rockmore International, Sandvik, Western Drilling Tools Inc, and Xiamen Prodrill Equipment Co., Ltd.

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In 2018, Asia-Pacific dominated the global market, in terms of revenue, accounting for around 48.7% share of the global market, followed by LAMEA. Based on type, the rotary drill bits segment accounted for around 79.1% in overall global mining drill bits market share in 2018. The DTH hammers bits segment is expected to witness significant growth during the forecast period. The key factors that drive the growth of the global mining drill bits market include rise in mining activities around the globe due to increase in demand for coal, metal, and minerals. In addition, expansion of existing mines in the developing countries such as China and India fuels the mining drill bits market growth.

However, stringent government regulations related to mining industry are expected to restrain the growth of the market. Furthermore, artificial intelligence (AI) helps to dig holes efficiently and safely in the drilling operations. For instance, Canada-based company Goldspot Discoveries Corp. has launched AI technology equipped with drills. The drills can detect and verify the gold deposits and mineral under the ground. Similarly, technology innovator giant, IBM, has developed the AI system in mining drilling machines. The technological innovations in drilling process for mining such as IoT, infrared, sonic, and optical micro cameras are anticipated to provide lucrative opportunities for the market growth during the forecast period.

The surface drilling segment has secured the highest share of around 61.3% in the mining drill bits market in 2018. The underground drilling segment is expected to grow at the highest CAGR during the forecast period. In terms of material, the diamond sector is expected to contribute the highest market share in the coming years. Moreover, increase in emphasis on the mining sector is expected to provide lucrative growth opportunities for small players in the developing economies.

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Asia-Pacific serves as the most productive region as compared to other regions. The various domestic competitors are investing in the coal mining sector, which is anticipated to fuel the growth of the mining drill bits market. For instance, China is the largest producer and consumer of coal in the world. In 2017, coal consumption in China reached 2.81 billion metric tons from 2016. Therefore, increase in coal mining leads to utilization of drills; thereby, providing lucrative opportunities for the growth of the market.

Furthermore, in 2018, Asia-Pacific registered the highest growth rate in the mining drill bits market due to expansion of coal and metal mining in the region. Based on bit size, the 250–300 mm mining drill bits segment is expected to experience rapid growth in the emerging economies during the forecast period, owing to deployments of mining drilling machines and drilling rigs in the mining industry. For instance, Atlas Copco, a parent company of Epiroc AB had invested $13.4 million for the expansion of the factory in Hyderabad, India, doubling its capacity. The plant manufacturers are drilling consumables for surface mining applications.

The major players such as Epiroc AB and Sandvik AB in global mining drill bits industry focus on developing new products to strengthen their presence in the market. Moreover, these companies expand their business by acquiring small businesses to sustain the intense competition.

Many players have adopted product launch as its key developmental strategy to improve its product portfolio. For instance, in February 2017, Robit Plc launched BulrocRobit Hyper 331, a new DTH hammer at CONEXPO 2017. The new hammer extends the group’s Down-The-Hole (DTH) hammer range from 1’ (25mm) to 33’ (838mm).

Key Findings of the Mining Drill Bits Market :

Based on type, the rotary drill bits segment dominated the market, in terms of revenue in 2018 and is projected to grow at a CAGR 6.4% during the forecast period.
Based on material, the diamond segment dominated the mining drill bits market in 2018.
Asia-Pacific is projected to register the highest growth rate in the coming years.
The key market players within mining drill bits market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the mining drill bits market.
The report provides an extensive analysis of the current and emerging mining drill bits market trends and dynamics.

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Global Terrazzo Flooring Market Expected to Reach $31,951.2 Million by 2025

According to a new report published by Allied Market Research, titled, “Terrazzo Flooring Market: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,” the global terrazzo flooring market was valued at $21,691.1 million in 2017, and is projected to reach $31,951.2 million in 2025, growing at a CAGR of 4.9%. The epoxy terrazzo segment accounted for more than two-thirds of the market share in 2017, and is expected to witness significant growth during the forecast period.

The key players profiled in this report include 4m Group, Concord Terrazzo Company, Inc., Diespeker & Co., Kingspan Group, KREZ Group, Quiligotti Terrazzo Tiles Limited, RBC Industries, Inc., RPM International Inc., Terrazzo Masters, and Venice Art Terrazzo Co., Inc.

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Terrazzo is a type of hard surface flooring, which is fabricated by using an epoxy matrix or cement matrix composite to bind aggregates such as marble pieces, glass pieces, or other suitable material. Increase in demand for flooring due to rise in construction projects across different regions propel the growth of the global terrazzo flooring market. In addition, improved finish offered by these floorings enhances the aesthetics and makes the room look spacious, thereby propelling the growth of the market. However, high initial cost and high cost of laying tiles are anticipated to restrain the market growth.

Based on the application, the educational institutions segment is expected to account for the largest share in the global market during the forecast period, due to increase in the number of educational institutes, universities, auditoriums, and schools in the U.S. and other developed countries. Depending on type, epoxy terrazzo is expected to hold maximum market share, growing at highest CAGR during the forecast period, owing to various benefits offered by it such as low maintenance costs and easy installation laying of tiles as compared to cement terrazzo.

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Key Findings of the Terrazzo Flooring Market :

Based on application, the educational institutions segment dominated the market in terms of revenue in 2017, and is projected to grow at a significant CAGR during the forecast period.
North America generated the highest revenue in 2017, however, Asia-Pacific is anticipated to grow at the highest CAGR.
The epoxy terrazzo segment generated the highest revenue in 2017, and is estimated to grow at the highest rate.
In North America, the U.S. accounted for the largest market share in 2017.

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Industrial Floor Coating Market Growth Prospects Predicted At a CAGR of 4.8% by 2030

The global smart bathroom market size was valued at $3.7 billion in 2020, and is projected to reach $10.8 billion by 2030, registering a CAGR of 11.2% from 2021 to 2030. A number of businesses have modernized and rebranded themselves as smart industries as a result of Internet of Things (IoT) and the growth in user base of smart phones. The global market is one such market. The surge in trend of automation has propelled this industry forward. The increased popularity of high-tech toilets and digital faucets is likely to fuel the market’s expansion in the coming years. Smart bathroom consist of smart windows, hand dryers, touchless faucets, and toilets. These systems aid in water and energy saving. Construction companies have substantially invested in the creation of smart buildings with amenities such as smart toilets to stimulate development.

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The demand for smart bathroom has smart bathroom market growth in penetration of smart homes in both emerging and established countries throughout the world. Furthermore, the rise in home improvement projects and bathroom renovations, is paving the way for a variety of smart bathroom in both the residential and commercial sectors. Owing to rise in property and mortgage prices, more expenditure on home renovation projects or remodeling drives product demand. Furthermore, consumers have been showing interests in bathrooms with built-in smart fittings, smart toilets, faucets, and soap dispensers that operate on sensors to create a spa-like experience.

Smart toilets are equipped with extra features and sensors that allow them to perform a number of tasks other than just flushing. Smart toilets often use significantly less water than traditional toilets, in addition to providing a better bathroom experience. As a result, they are an excellent alternative for saving water and conserving energy. Key players are focusing on launching smart toilets for maintaining hygiene and saving water. For instance, in December 2020, TOTO Ltd. has launched RP Compact toilet series for small bathrooms. The RP series has powerful cyclone tornado flush and the CEFIONTECT glazing, which is extremely smooth, robust, and long-lasting.

The expansion of building sector in many countries has offered significant growth opportunity for smart bathroom market. For example, in November 2020, China’s central government set a goal of completing 70% of new safe building construction by 2022. Similarly, in May 2019, the Indian government presented a $1.5 trillion construction investment plan for a six-year period ending in 2025. This investment will go toward improving school and higher education building quality, as well as health, sports, and basic infrastructure. Such government initiatives will act as a growth driver for market.

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However, during the pandemic lockdown, various manufacturers in the market had to stop their business countries such as China, the U.S., and India. This break directly impacted sales of smart bathroom companies. In addition, lack of manpower and raw materials also constricted supply of equipment of smart bathroom has negatively influenced growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of smart bathroom companies.

Competition Analysis

The key players operating in the global smart bathroom market are Toto Ltd., Jacuzzi Brand LLC, Roca Sanitario, Kohler CO., Jaquar, Cera Sanitaryware Ltd., LIXIL Corporation, Pfister (Spectrum Brands), MASCO Corporation and Delta Faucet Company.

Key Findings Of The Study

The report provides an extensive analysis of the current and emerging smart bathroom market trends and dynamics.
Depending on product type, the toilet segment dominated the smart bathroom market share, in terms of revenue in 2020 and faucet is projected to grow at a CAGR 13.3%during the forecast period.
By application, the commercial segment registered highest revenue in the market in 2020.
Asia-Pacific is projected to register the highest growth rate in the coming years.
The key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the smart bathroom industry.
The report provides an extensive analysis of the trends and emerging opportunities of the market.
In-depth smart bathroom market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.

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https://www.digitaljournal.com/pr/smart-bathroom-market-share-growth-trends-and-industry-forecast-to-2030-2

Facility Management Services Market Developments, Analysis and Forecast 2030 | At a CAGR of 7.1%

According to a new report published by Allied Market Research, titled, “Facility Management Services Market,” The facility management services market size was valued at $1,253.30 billion in 2020, and is estimated to reach $2,525.10 billion by 2030, growing at a CAGR of 7.1% from 2021 to 2030.

Facility management services grows the value of the property by offering different maintenance arrangements. Besides, these services offer the more vital returns over the real estate to land proprietors through organizational and value-added arrangements. The facility management services maintains the functional and monetary objectives of the owners. The services include applications, such as security, plumbing, electrical solutions, and cleaning for various purposes.

The Top Key Players:

Group Atalian (Arthur McKay & Co Ltd.),
BVG India Ltd.,
CBRE Group, Inc.,
EMCOR Group, Inc.,
ISS World Services A/S,
Knight Facilities Management,
Quess Corp Ltd.,
Sodexo, Inc.,
Downer Group (Spotless Group),
Tenon Group.

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Rise in spending over construction projects drives the facility management services market growth. The growing investment is due to rise in demand for the development of commercial and residential properties. Such investments include services such as maintenance, cleaning and landscaping. Hence, the growing spending towards construction drives the growth of the market. In addition, the urban population in developing countries is on the rise. Countries such as India, Africa, and China demand for commercial and residential buildings owing to rise in urbanization. Moreover, this leads to the growth of various industries, including petroleum, mining, transportation, and pharmaceuticals. The growing industrial sector demands for maintenance operations of the facilities on timely basis. Hence, rise in urbanization drives the growth of the market. Moreover, awareness towards safeguarding the assets and properties by different companies and organizations is growing, which leads to adoption of maintenance and security solutions, which is expected to drive the growth of the facility management services market.

However, lack of education in different developing countries restrains the growth of the market. Lack of education leads to shortage of skilled workforce and low understanding of facility management services. In addition, many companies make use of outsourced facility management services instead of in-house services. Thus, hampering the growth of the market.

The outbreak of COVID-19 led to halt in logistic and manufacturing activities across the globe, which, in turn, led to interruption of supply chain, thereby hindering growth of the facility management services market. However, this situation is expected to improve as governments globally are relaxing norms for resuming business activities.

On the contrary, advancement of technology owing to use of Internet of Things (IoT) provides better security, which is predicted to create lucrative opportunities for companies operating in the market. In addition, different initiatives by governments lead to rise in investments over commercial and railway projects. This in turn, is expected to offer new opportunities for the facility management service providers.

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The facility management services market is segmented on the basis of service type, type, end user, and region. By service type, the market is bifurcated into a property, cleaning, security, catering, and others. By type, the market is segmented into outsourced and in-house. By end user, the market is divided into commercial, institutional, public/ infrastructure, industrial, and others.

Region-wise, the facility management services market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global Facility management services market share, and LAMEA is anticipated to secure a leading position during the forecast period.

KEY FINDINGS OF THE STUDY

The report provides an extensive analysis of the current and emerging global facility management services market trends and dynamics.
By service type, the property segment was the largest revenue generator in 2020.
By type, the in-house segment generated the highest revenue in 2020.
By end user, the commercial segment dominated the market in 2020.
Region-wise, Asia-Pacific is anticipated to dominate the facility management services industry during the forecast period.
The global facility management services market opportunity analysis from 2021 to 2030 is included in the report.

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Concrete Market Size, Share, Trends and Global Forecast, 2031

According to a recent report published by Allied Market Research, titled, “concrete market by concrete type, application, end-user industry and region: global opportunity analysis and industry forecast, 2021–2030,” the concrete market was valued at $167.7 billion in 2020, and is expected to reach $972.0 billion by 2030, registering a CAGR of 4.7% from 2021 to 2030.

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The major players profiled in the concrete market include CEMEX, S.A.B. de C.V., CRH, Forterra, Heidelbergcement AG, Holcim, Shay Murtagh Precast Ltd, Sika AG, Votorantim S.A., Weckenmann Anlagentechnik GmbH & Co. KG, and Wells Concrete. Major companies in the market have adopted strategies such as business expansion, acquisition, product launch, and collaboration to offer better products and services to customers in the concrete market.

Construction of all infrastructures need concrete for building purpose. Concrete can be in the form of ready-mix concrete or precast products & elements. Revenue generated by sales of these products represents the market size of the concrete market.

Increase in government expenditures for development and reconstruction & repair of infrastructures in various countries leads to increase in demand for ready-mix concrete and precast products & elements. In addition, ready-mix concrete and precast products reduce construction time, which, in turn, saves project cost and timeline. Moreover, these products are cost effective and reduce wastage of raw material.

Furthermore, innovation in manufacturing technology boost production quality and capacity. These are factors are anticipated to propel the market growth.

However, initial investment costs are high to setup ready-mix concrete plants and precast production facility. This leads customers to buy products in bulk at discounted rates. In addition, there has been rise in environmental awareness, which has led to adoption of sustainable and environment friendly construction material to build houses and offices. Such factors hinder growth of the concrete market. Further, the outbreak of COVID-19 has led to halt in construction and manufacturing activities across the globe. Halt in logistics services has led to interruption of supply chain, which, in turn, hinders growth of the concrete market. However, industries are gradually getting back on track and vaccine manufacturing is expected to lead to recovery of the concrete market by the end of 2021.

On the contrary, rapid urbanization and industrialization in developing countries has given rise to construction activities, which act as a major opportunity for growth of the concrete market.

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The concrete market is segmented into concrete type, application, end-user industry and region. By concrete type, it is segregated into ready-mix concrete, precast products, and precast elements. Depending on application, it is classified into reinforced concrete and non-reinforced concrete. On the basis of end-user industry, it is divided into roads & highways, tunnels, residential buildings, non-residential buildings &, dams & power plants, mining and others. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain, Finland, Sweden, Norway, Denmark, Belgium, Netherlands, Luxembourg and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key Findings Of The Study

By concrete type, the ready-mix concrete segment was the highest revenue contributor in 2020.
By application, the reinforced concrete segment was the highest revenue contributor in 2020.
By end-user industry, the residential buildings segment was the highest revenue contributor in 2020.
By region, Asia-Pacific generated the highest revenue in 2020.

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Industrial Furnaces Market Analysis, Share, Trends, Growth and Forecast to 2030

According to a new report published by Allied Market Research, titled, ” Industrial Furnaces Market by Furnace Type, Arrangement, and End User: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the global Industrial Furnaces Market size was valued at $10,958.5 million in 2018 and is projected to reach $16,996.5 million in 2026, growing at a CAGR of 5.4% from 2019 to 2026. The gas/fuel operated industrial furnace segment accounted for over 40% of the Industrial Furnaces Market share in 2018 and is expected to witness significant growth during the forecast period.

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In addition, the Industrial Furnaces Market report outlines upstream raw materials, marketing channels, downstream customer surveys, and industry development trends that provide vital information about manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

The Industrial Furnaces Market report offers an in-depth study of the market on the basis of various prime parameters including sales, sales analysis, market size, and major driving factors. The study includes Porter’s five forces model, financial analysis, portfolio analysis, and business overview of services and products.

Key Player

ANDRITZ AG,
Carbolite Gero Limited,
Epcon Industrial Systems,
LP,
Gasbarre Products, Inc.,
International Thermal Systems LLC,
Ipsen International GmbH,
NUTEC Group, SECO/WARWICK S.A.,
Thermcraft Incorporated,
Thermal Product Solutions.

The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.

In addition, the report offers a SWOT analysis including information regarding driving and restraining factors of the market growth. Such statistical tools provide vital information regarding understanding lucrative opportunities in the market. The report is essential for market players and new industry entrants to devise their strategies and leverage the opportunities in the market.

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The Industrial Furnaces Market report offers a comprehensive study of the dynamic factors including drivers, restraints, challenges, and opportunities. The drivers and opportunities aid to understand the rapidly changing industry trends and their impact on the growth of the market. In addition, the restraints and challenges help understand profitable market investments. The report includes quantitative and qualitative analyses of the market.

Covid-19 scenario:

The global report includes an in-depth analysis of the impact of the Covid-19 pandemic on the market. Moreover, it helps the frontrunners in the industry to devise new strategies to gain a competitive edge over other companies and how to deal with sudden changes in value and supply chain without compromising the credibility of the business.

The report provides a study of the past and current market trends and evaluates the future opportunities. The Industrial Furnaces Market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

The report includes a brief summary of the market along with a SWOT analysis of the major market players and their financial analysis. The report covers a business overview and portfolio analysis of services that major companies offer. The study analyzes the recent market developments such as expansion, joint ventures, and product launches. Moreover, the study aids new business entrants and stakeholders to understand the long-term profitability of the market.

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Global Chimney caps Market Expected to Garner $128.0 Million by 2025

According to a new report published by Allied Market Research, titled,”Chimney Caps Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,”the chimney caps market size was $112.1 million in 2017, and is expected to reach $128.0 million by 2025, growing at a CAGR of 1.6% from 2018 to 2025. In 2017, North America dominated the global market, in terms of revenue, accounting for about half of the share of the global market. A chimney cap which is also known as chimney shroud is a shield like structure which is installed on the chimney. It is basically a fireplace termination cap, which protects the inner chamber of chimney from water and other debris. It is majorly used in residential and non-residential sector to prevent the escape of burning particles from chimney pipe.

The Top key Players include in this Report:

Artis Metals Company Inc,
Chim Cap Corp,
Chimney King,
Fireplace Essentials,
GLL,
HY-C,
National Chimney,
Olympia Chimney Supply Inc,
OWENS CHIMNEY SYSTEMS Inc.,
Stromberg.

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The market for chimney caps is primarily driven by rise in inclination toward the concept of fireplace mantel decor in residential sector. The chimney cap restricts small animals and birds from entering and blocking sparks from leaving the chimney, reduction in heating & gas bill, provision of a pleasing look, and maintaining a dry chimney act as drivers for the market. However, the location where the chimney cap is fitted can cause decolorization of that region and allow the accumulation of creosote or soot, which may be a major restraint for the market. The higher investments in the residential construction and manufacturing sectors are expected to provide lucrative opportunities for the growth of the chimney caps market.

Growing awareness about the beneficial usage of chimney caps such as restriction to entry of birds, squirrels, and other small animals inside the chimney and thereby the home through the fireplace is estimated to cater to the growth of the chimney caps market. Furthermore, increase in do-it-yourself (DIY) users in couple with easy installation of chimney caps is anticipated to encourage the market growth in the coming years. However, the inefficiency caused by chimney caps in heavy winter storms, snow and ice is expected to hinder the growth of the chimney caps market.

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In 2017, Europe registered a significant growth rate in the chimney caps market and is expected to continue this trend during the forecast period, owing to increased focus toward adoption of chimneys in the residential sector. In addition, the single flue segment secured the highest share in the chimney caps market in 2017 and is expected to grow at a promising CAGR during the forecast period. In terms of application, residential sector is expected to contribute the highest market share in the coming years. Moreover, increase in emphasis on non-residential sector is expected to provide lucrative growth opportunities to small players in developing economies.

Key Findings of the Chimney Caps Market:

In 2017, the single flue segment dominated the global chimney caps market, in terms of revenue, and is projected to grow at a favorable CAGR during the forecast period.
The residential segment holds the dominant position in the market and is projected to grow at a suitable CAGR during the forecast period.
Europe is projected to register a substantial growth rate in the upcoming years.
In North America, U.S. accounted for the largest market share in 2017.

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https://www.einnews.com/pr_news/565080187/covid-19-impact-analysis-on-sliding-vane-air-motor-market-size-share-trend-share-growth-forecast-2025

https://www.einpresswire.com/article/565077113/thermo-ventilators-market-size-share-trend-share-analysis-forecast-2023-include-covid-19-impact

Electronic Stability Control Market Emerging Technological Growth, Future Growth and Business Opportunities 2027

Electronic Stability Control Market Outlook – 2027

The automotive electronic stability control systems considerably enhance stability and control in vehicles in critical situations. The electronic stability controllers are used to control the vehicle from skidding or losing control and reduce the danger of accidents. The individual vehicle wheel brakes help the driver maintain control of the vehicle during extreme movements. The system starts working when the driver starts losing control over the vehicle. The system applies brakes and stops the vehicle at a smaller distance and reduces the chances of accidents. This is done by keeping the vehicle headed in the direction the driver is steering even when the vehicle nears or reaches the limits of road traction. The sensors are fitted in the system, which detects the condition of the vehicle and applies brakes, reducing chances of skidding and brings back the vehicle in normal mode. In addition, the automotive electronic stability control is a computer-based application, which along with sensors like speed sensors, has various other components such as valves, pumps, and controller. The growing demand for safety in the vehicle boosts the electronic stability control systems and is expected to grow further during the forecast period.

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Companies covered: AISIN SIEKI Co. Ltd., Autoliv Inc, Advics Co. Ltd., Bendix Commercial Vehicle Systems, Continental AG, Denso Corporation, General Motors, Hitachi Automotive Systems Ltd, Hyundai Mobis, and IAV Engineering

COVID-19 scenario analysis:

In nearly every economy around the world either battling to cope with outbreaks of the COVID-19 virus or preparing and monitoring its anticipation, people’s lives have changed dramatically.
Work and travel restrictions in many countries mean that overall, it is likely that fewer journeys are being made. For road safety, this may be an upside as fewer journeys should theoretically mean less crashes.
The reduction in traveling has also been connected to reduced pollution levels across the globe as the pandemic was identified and containment measures applied across the globe.
Fewer people are taking public transport, either because transit services have been canceled partially or completely, or because people are avoiding it because they fear infection.

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Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Rise in urban population and high demographic rates, rapid motorization, increase in number of road fatalities/accidents, and government initiatives for enhancing road safety are expected to drive the market growth during the forecast period. However, the cyclic nature of automotive sales and production and raw material and commodity prices is anticipated to hamper the growth of the market. Furthermore, the price increase to consumers and the cost incurred at the design and testing phase are expected to offer lucrative opportunities for the market during the forecast period.

The electronic stability control market trends are as follows:

Growth in urban population

As half of the world’s population now lives in urban areas increasingly in highly dense cities. However, urban settings are a relatively new phenomenon in human history. This transition has transformed the way we live, work, travel, and build networks. The growing urban population across the globe in many developed cities has created a huge market and the demand as well, which forced manufacturers to innovate and manufacture. This is expected to boost the electronic stability control market during the forecast period.

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Increase in number of road fatalities/accidents

The road accident severity measured has drastically increased by the number of people killed per accident. Hence, the severity of road accidents has attracted the attention of the ministry of road transport and highways of every developed and developing economies across the globe. The government initiatives for enhancing road safety are expected to boost the electronic stability control market during the forecast period.

Key benefits of the report:

This study presents the analytical depiction of the electronic stability control market industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the electronic stability control market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the electronic stability control market scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed electronic stability control market analysis based on competitive intensity and how the competition will take shape in the coming years.

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Questions answered in the electronic stability control market research report:

Which are the leading market players active in the electronic stability control market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the projections for the future that would help in taking further strategic steps?

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Aircraft Soft Goods Market Likely to Enjoy Explosive Growth by 2030 | Anker Company, Tapis Corporation, Spectra Interior Products, RAMM Aerospace

Aircraft Soft Goods Market Outlook 2030 –

Soft goods improve passenger comfort and feel, as well as noise absorption and vibration dampening, by adding aesthetic appeal to the airplane interiors. The airline industry has made significant investments in the soft goods enhancement and maintenance, resulting in visually appealing, compact, and creative aircraft interiors. The aircraft soft products market had a long and turbulent history. For instance, natural leathers are being phased out in favor of synthetic leathers as one of the most commonly used seating materials. Nylon fabric is a popular choice for making soft goods in the aviation industry because it is not only lightweight but also improves the overall appearance of the cabin.

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Companies covered: Anker Company, Tapis Corporation, Spectra Interior Products, RAMM Aerospace, Mohawk Group, Lantal Textile AG, In Tech Aerospace, Hong Kong Aircraft Engg. Ltd., Botany Weaving Mills, Aircraft Interior Sol., Aircraft Interior Products, Aero Foams, Aero Floor.

COVID-19 Impact Analysis

COVID-19 has impacted all businesses more or less to every industry. In 2020, the growth curves of the aircraft soft goods market have seen enormous fluctuations. The market situation and growth rate of aircraft soft goods has taken a dramatic turn, resulting in numerous cycle adjustments with long-term consequences. The COVID-19 virus has infected millions of people across the world, prompting major countries to impose restrictions and halt on the work. Most industries, except for medical supplies and life support products, have been severely impacted, as is the aircraft soft goods market.

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Top Impacting Factor

Increase in passenger air traffic, development of advanced fabric technology, and surge in aircraft modernization programs by aircraft manufacturers, are the major factors that drive the growth of the aircraft soft goods market.

High maintenance & repair cost, and intense competition & stringent flammability requirements limit the growth of the aircraft soft goods market.

Emergence of low-cost carrier, and expanding airline routes & increase in interior improvement initiatives by aviation companies are opportunistic for the aircraft soft goods market.

Increase in Passenger Air Traffic

The growth of the aircraft soft goods market is being driven by an increase in the number of passengers in the international and domestic fleets, as well as increased use of upholstery products such as carpets, seat covers, and curtains by aircraft manufacturers. The increase in adoption of interior development methods and the need to improve passenger comfort levels in aircraft is anticipated to drive the growth of the aircraft soft goods market in the future. The growth of the aircraft soft goods market is anticipated to be dominated by the commercial aircraft industry. Product demand will be driven by rise in air passenger traffic along with increased passenger demand for aircraft comfort levels. Business jets are expected to grow rapidly due to an increase in the use of high-end leather fabrics for cabin interiors., The seat cover is expected to dominate the aircraft soft goods market due to the growing trend of upgrading seat and support covers in commercial airplanes. The growing demand for venerable executive cabin interiors with superior carpets will support comfort travel. The expansion of the commercial airline industry in the U.S. is aided by rising air travel demand. To cover the production backlog, global airplane deliveries increased from 1,714 in 2016 to 1,740 in 2017. This continuous production will fuel the aircraft soft goods market during the forecast period.

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Emergence of Low-Cost Carriers

The emergence of low-cost carriers (LCCs) in the last decade, has been a major catalyst for the growth of the aircraft soft goods industry. Extensive research indeed has been conducted to investigate the business model and its implications for the soft goods industry and beyond. Despite recent developments in the LCC markets of Asia and Latin America, much of the research has been focused on developed countries. As a result, the goal is to determine the premises and prerequisites for the LCC model, as well as whether this business model could be successful in other developing countries, particularly those in Sub-Saharan Africa. LCCs are defined by the majority as carriers that have achieved a cost advantage over full-service carriers through a variety of operational processes (FSCs). In most cases, this cost advantage is passed on to customers in the form of a lower fare. For instance, although many carriers are classified as low-cost carriers, the LCC model has evolved into numerous variations since the first U.S. Southwest Airlines, a low-cost carrier began operations in the 1960s. The evolution of low-cost carrier industry provides a growth opportunity for the aircraft soft goods market.

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Key Benefits of the Report

This study presents the analytical depiction of the aircraft soft goods market along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with challenges the aircraft soft goods market.

The current market is quantitatively analyzed from 2020 to 2030 to highlight the market growth scenario of aircraft soft goods market.

The report provides a detailed aircraft soft goods market analysis based on competitive intensity and the competition that will take shape in coming years.

Questions Answered in the Aircraft Soft Goods Market Research Report:

Who are the leading players in the aircraft soft goods market?

What are the critical challenges faced by manufacturers in the aircraft soft goods market?

What are the market trends, driving factor and opportunities involved in this market?

What are the key segments covered in the aircraft soft goods market?

What is the future projection of aircraft soft goods market that would help in taking further strategic steps?

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Hybrid Electric Car Market Analysis, Growth Opportunities, Future Demand And Leading Players Updates By Forecast 2021–2030

A hybrid car combines gasoline or diesel engines with electric motors, and these two systems work together to drive the vehicle. This allows the car to use less gasoline, achieve better fuel efficiency and emit less CO2 than traditional pure fuel engines. Hybrid car owners also benefit from lower first-year road taxes and company car taxes as well as the ability to avoid congestion charges. The key factors accelerating the growth of the global hybrid electric car market include the use of advanced technologies in developed and developing countries across the globe and the significant growth of the automotive industry.

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COVID-19 Impact Analysis

The COVID-19 outbreak has widely disrupted the automotive industry. It has resulted in the shutdown of manufacturing facilities and decline in the sales volume. Furthermore, it has put a halt to transportation activities for a long time because of various trade restrictions across the globe. These all activities have adversely affected the growth of the hybrid electric car market., The budget allocation for R&D is likely to be less on other hand, hampering the further innovation of hybrid electric cars. Companies however are taking precautionary measures to combat the adverse effects of the outbreak.

Top Impacting Factors

Low price of hybrid electric cars compared to electric cars, decrease in battery prices, high fuel prices, stringent emission norms, and increase in automation drive the growth of the global hybrid electric car market.
High cost and higher maintenance cost hinder the growth of the global hybrid electric car market.
Adoption of advanced technology in developed and developing nations across the globe and growth of automotive industry provides the lucrative opportunities for the global hybrid electric car market.

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Market Trends

Rechargeable Lithium-ion Batteries

Most hybrid electric vehicles employ batteries to store the energy captured while applying brakes. They use this energy to drive the vehicle to accelerate. The battery in an HEV, on other hand can only store a small amount of energy and is too heavy. To improve the efficiency of their hybrid vehicles, manufacturers have developed lithium-ion batteries. Lithium batteries are the most suitable existing technology and the future trend in the hybrid electric car market. It has the ability to provide a large quantity of energy and power per battery mass while also making them lighter and smaller than other rechargeable batteries. Other advantages of lithium-ion batteries over lead-acid and nickel-metal hydride batteries are excellent high energy efficiency, no memory effect, and a reasonably long-life cycle. The self-discharge rate of lithium-ion batteries is also lower than other types of rechargeable batteries, therefore they will last longer once charged than other types of rechargeable batteries. Furthermore, the development of lithium-ion batteries provides synergy with other clean energy technologies, potentially improving the reliability of solar and wind power. The application of rechargeable lithium-ion batteries is the latest trend in hybrid vehicles and is expected to drive the growth of the overall hybrid electric car market in the near future.

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Key Benefits of the Report:

This study presents the analytical depiction of the hybrid electric car industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of hybrid electric car market.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the hybrid electric car market.
The report provides a detailed hybrid electric car market analysis based on competitive intensity and the competition that will take shape in coming years.

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Questions Answered in the Hybrid Electric Car Market Research Report:

Who are the leading market players active in the hybrid electric car market?
What would be the detailed impact of COVID-19 on the market?
What are the current trends that would influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the hybrid electric car market?
What are the future projections that would help in taking further strategic steps?

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