A Market Place Research – Page 1603

Camping Equipment Market is projected to witness a CAGR of 8.1% during the forecast period, 2022 to 2031

According to a new report published by Allied Market Research, titled, “Camping Equipment Market,” The camping equipment market size was valued at $22.0 billion in 2021, and is estimated to reach $46.7 billion by 2031, growing at a CAGR of 8.1% from 2022 to 2031. Since 2014, the popularity of recreational vehicle (RVs) was increasing among the campers for the purpose of the accommodation during the camping. The offerings innovative, cheap, portable, light weighted, and sustainable accommodation options such as camping tent has impacted the use of RVs negatively in the past couple of years. In addition, camping tent is affordable and adventurous as compared to the RVs, which is enticing campers to purchase innovative tents for camping purpose. Manufacturers focus on meeting Camping Equipment Market Demand from Indian and Chinese campers according to their environmental needs and camping requirements. Asia-Pacific is expected to offer huge Camping Equipment Market Demand opportunity to tap the camping equipment market in the region. However, increase in interest of campers for novel tents supports the global growth of the camping equipment market.

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However, counterfeiting of camping equipment, such as tent is a key restraining factor of the Camping Equipment Industry. On the contrary, surge in youth population, improvement in lifestyle, and rise in disposable income of people in developing countries are anticipated to offer immense opportunities for the market players. These market players are promoting the camping activity among the people through social medias and advertisements to attract customers in the market. People are preferring camping and willing to purchase necessary camping equipment such as tent, bags, cooking utensils, and others which supplements the growth of the c market globally.

E-Commerce or online store is a huge platform growing at a tremendous rate worldwide. Consumer from every age including generation X, millennial, or generation Z likes to shop from different e-stores. Online shopping is more convenient as compared to physical shopping stores due to the rising numbers of retailers focusing on e-commerce making it convenient for consumers to find anything easily on online store over physical stores. Thus, the rising digital world and increasing percentage of population inclining toward online shopping across the countries is expected to provide a great Camping Equipment Market opportunity for the manufacturers to sell their existing as well as novel camping equipment products through online platform also contributing in increasing consumer awareness about their products and making them easily available to consumers. Thus, this fact is anticipated to propel theCamping Equipment Market Growth during the forecast period.

The camping equipment market is segmented into type, application, distribution channel, and region. On the basis of type, the market is categorized into camping furniture, camping bagpacks, tents, cooking system & cookwears and camping gears & accessories. On the basis of application, the market is categorized into personal and commercial, On the basis of distribution channel, it is fragmented into business to business, hypermarkets/supermarkets, specialty stores, online retailers, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Japan, Australia & New Zealand, South Korea, ASEAN and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, MENA and rest of LAMEA).

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The key players analyzed in the report are AMG-Group, Big Agnes, Inc., Dometic Group AB, Exxel Outdoors, LLC, Hilleberg The Tentmaker AB, Johnson Outdoors, Newell Brands, Oase Outdoors ApS, Simex Outdoor International GmbH, and VF Corporation.

Key findings of the study

On the basis of application, personal segment has the major Camping Equipment Market share in 2021 and is likely to remain dominant during the forecast period.
On the basis of type, camping backpacks segment dominated the global market in 2021 and is likely to remain dominant during the forecast period.
On the basis of business to business, personal segment dominated the global market in 2021 and is likely to remain dominant during the forecast period
On the basis of region, North America region dominated the global market in 2021 and is likely to remain dominant during the forecast period.
Key offering of the Report:

Key driving factors: An in-depth study of the dynamic factors such as drivers, restraints, challenges, and opportunities

Current market trends & forecasts: A comprehensive study of the the Camping Equipment Market along with recent market trends and forecasts during the forecast period to help customers make an informed decision and formulate lucrative business strategies

Segmental Analysis: A study of each segment coupled with driving factors and growth rate analysis of every segment

Geographical analysis: An in-depth analysis of the market across several geographical regions that help market players to leverage fruitful market opportunities

Competitive landscape: A study of prime market players that are currently leading the Camping Equipment Market

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Fishing Reels Market Expected to Reach $7.6 Billion by 2031

The significantly rising participation of children and women in recreational fishing is anticipated to have an exponential and positive impact on the growth of the market in the forthcoming future.

According to a new report published by Allied Market Research, titled, “Fishing Reels Market,” The fishing reels market size was valued at $5.0 billion in 2021, and is estimated to reach $7.6 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031.

The fishing reels have gained a rapid traction among the anglers in the past few decades. The strong economic growth, rising disposable income, rising participation in recreational activities and sports, and rising government focus on developing marine economy are the major drivers of the global fishing reels market. The surging penetration of social media and e-commerce platforms across the globe is playing a positive role in the fishing reels market growth. People shares pictures of the fishes they catch while hunting or fishing. The rising expenditure of recreational and hunting is boosting the growth of the fishing reels industry.

Women are the emerging market for the fishing reels owing to the rising participation of women in fishing. According to the American Sports Fishing Association, around 45% of the new participants in angling are women. Moreover, around 33% of the anglers are women and is rising significantly. There are several manufacturers of fishing reels who are launching certain campaigns to promote the women participation in fishing. For instance, The Orvis Company, Inc., launched 50/50 on the water campaign to promote the participation of females in fishing.

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According to the global fishing reels market analysis, the market is segregated based on product type, material, fishing type, distribution channel, and region. Based on the product type, the market is divided into spinning, spincast, fly reel, baitcasting, and others. Further, on the basis of material, the fishing reels market is segmented into aluminum, graphite, stainless steel, and others. Based on the fishing type, the market is segregated into saltwater fishing and freshwater fishing. Depending on the distribution channel, it is divide into modern trade, outdoor sport stores, online sales, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

As per the fishing reels market forecast, based on the product type, the market was led by the spinning segment that garnered around 47.4% of the fishing reels market share in 2021. This growth is attributed to the increased adoption of the spinning reels among the anglers from long time. One of the benefits of spinning reels is that they are more versatile than conventional fishing rods. They can be used in saltwater or freshwater, with bait or lures, and for both fresh- and saltwater game fish.

As per the fishing reels market trends, on the basis of material, the stainless steel is anticipated to be the fastest-growing segment during the forecast period. The elegance, flexibility, corrosion resistant, longer life, and strength are the major features of the stainless steel reels that makes it a suitable choice for fishing in both the saltwater and freshwater. The fluctuating prices of the raw materials used for making stainless steel is a major factor that may hamper the growth of this segment.

On the basis of fishing type, the freshwater segment led the market with 68.5% in 2021. The presence of large number of freshwater bodies across the globe and the rising number of participants in recreational fishing are the major factors that has boosted the growth of the freshwater segment.

Depending on the distribution channel, the online sales is expected to be the fastest-growing segment during the forecast period. This growth is attributable to the rising penetration of the smartphones, growing penetration of internet, rising adoption of e-commerce platforms, and rising investments of the suppliers on increasing their digital presence. According to the International Telecommunication Union (ITU), in 2021, around 4.9 billion people across the globe had access to the internet.

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Region-wise, North America dominated the global fishing reels market in 2021. The huge presence of anglers and marine tourists along with the rising government initiatives to promote the growth of Blue economy owing to its huge impact on the GDP of the region has led to the dominance of this region in the global market.

The major players operating in the global fishing reels market includes ABU Garcia, BCF Australia, Daiwa Corporation, Jarvis Walker Pty, Inc., Kastking, Lew’s Fishing, Maver UK Ltd., Okuma Fishing Tackle Co., Ltd., Piscifun, Pure Fishing, Inc. (Penn), Shimano, Inc., The Orvis Company, Inc., Tica Fishing Tackle, Zebco, and 13 Fishing. These market players are constantly engaged in various developmental strategies and seeks to exploit prevailing fishing reels market opportunity.

Key findings of the study :-

The global fishing reels market size was valued at $5,024.1 million in 2021, and is estimated to reach $7,627.2 million by 2031, registering a CAGR of 4.3% from 2022 to 2031.
By product type, the baitcasting segment is estimated to witness the fastest growth, registering a CAGR of 4.9% during the forecast period.
By fishing type, the freshwater segment is estimated to witness the fastest growth, registering a CAGR of 4.4% during the forecast period.
By distribution channel, the online sales segment is estimated to witness the fastest growth, registering a CAGR of 5.2% during the forecast period.
In 2021, depending on material, the aluminum segment was valued at $1,882.3 million, accounting for 37.5% of the global market share.
In 2021, the U.S. was the most prominent market in North America, and is projected to reach $1,697.8 million by 2031, growing at a CAGR of 3.6% during the forecast period.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

Luxury Sunglass Market is estimated to grow at a modest CAGR of over 5.5% during the forecast period (2021–2030 ) and reach a valuation of over $6.9 billion

The Luxury Sunglass market is expected to witness significant growth due to surge in popularity of travel retail across the globe, rising living standards and growing fashion trends, and increase in popularity of e-commerce among consumers.

According to a new report published by Allied Market Research, titled, “Luxury Sunglass Market by Product Type, Frame Material, End User and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global luxury sunglass market size was valued at $4.1 Billion in 2020, and is expected to garner $6.9 billion by 2030, registering a CAGR of 5.5% from 2021 to 2030.

Extended exposure to sunlight may cause cataracts, macular degeneration, cataracts, pterygium, and photokeratitis. Moreover, a bright shaft of sunlight hitting directly in the eyes is dangerous especially while driving. Sunglass is a single solution to the aforementioned problems.

The internet, the on-going trend of digitization, and social media platforms are a few factors expected to play a significant role in the global sunglass market growth in the future. The outbreak of COVID-19 pandemic has indicated the importance and need for digitization for the market players to survive in the luxury sunglass market.

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The global per capita income has witnessed a strong growth rate over the past few years, particularly in emerging economies. Increase in urbanization and growth of the middle class consumers in developing and developed markets have encouraged the adoption of convenience-oriented lifestyles, making luxury sunglasses more desirable for all age group people especially for youngsters. Moreover, rise in trend of usage of luxury sunglasses with retro cat-eye lenses, round & transparent lenses, sunglasses with a chain, hexagon lenses, and visor sunglasses drives the growth of the luxury sunglass market. Availability of these sunglasses in various attractive designs, such as streamlined design, wraparound frame, curved shape design, and others, is becoming the point of attraction for customers. In addition, increase in interest of children, teens, and adults toward sports activities augments the luxury sunglass market growth.

According to the luxury sunglass market analysis, the market is segmented into product type, frame material, end user, distribution channel, and region. On the basis of product type, the market is categorized into polarized and non-polarized. On the basis of frame material, it is fragmented into acetate, metal, injected, and others. Based on end user, it is segregated into men, women, and unisex. Based on distribution channel, it is classified into supermarkets/hypermarkets, specialty stores, convenience stores, online stores, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Italy, Germany, Spain, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Sri Lanka, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, the UAE, Nigeria, Turkey, South Africa, and the rest of LAMEA).

On the basis of product type, the non-polarized segment was the highest contributor to the luxury sunglass market, with $2,735.0 million in 2020, and is expected to sustain its dominance during the forecast period. Non-polarized sunglasses consist of glass or plastic lenses and a frame holding the lenses.

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Non-polarized sunglasses reduce the overall intensity of the bright sunlight. A wide variety of non-polarized sunglasses is available depending upon the color of the lenses, design, & materials used in the frames and on-demand customization of the glasses. It is a popular choice of consumers across the globe due its wide range of varieties and easy availability in both offline and online channels.

On the basis of frame material, injected frame material is less expensive and its manufacturing involves less time. It is made by injecting petroleum-based plastic liquid into a metal mold. It is popular, owing to its lightweight & comfort features and injected frames can be produced with a wide range of colors.

According to the luxury sunglass market trends, depending on distribution channel, the specialty stores segment is a popular medium for customers to buy sunglasses. Easy availability of desired brands, designs, and colors of sunglasses drives the growth of the specialty stores segment.

Online sale of sunglasses is also gaining popularity among customers, owing to proliferation of digital platforms at a global level.

Region-wise, North America dominated the luxury sunglass market in 2020, and is expected to sustain its dominance during the luxury sunglass market forecast period. The key factors driving the growth of the sunglasses market in the region are high purchasing capacity of majority of the population, high demand for luxury and superior quality products, and consumer awareness regarding vision care.

The players operating in the global luxury sunglass market have adopted various developmental strategies to expand their market share and increase profitability in the market. The key players profiled in this report include Carl Zeiss AG, EssilorLuxottica SA, Giorgio Armani S.p.A., Guccio Gucci S.p.A, Loch Effects, LVMH Moët Hennessy Louis Vuitton, Marcolin S.p.A., Prada S.p.A, Randolph Engineering, Inc, and Safilo Group SpA.

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The prominent players in the luxury sunglass market are investing in technological advancements, such as 3D try-on, developed by various market players available on their website to provide the customer best user experience while sitting at home.

Key findings of the study

By product type, the non-polarized segment held the highest market share, accounting for 66.7% of the global luxury sunglass market.
Based on frame material, the injected segment held the major market share of 36.7%.
Based on end user, the men segment held the major market share of 44.9%.
Based on distribution channel, the specialty stores segment held the major share of 39.2%.

Advanced Phase Change Materials Market Shar, Size, Growth, Trend, Regional Growth, Key Players, Application and Forecast, 2020-2030

Global Advanced phase change materials market is gaining traction, owing to the increased use of microencapsulation and microencapsulation technologies, particularly in the construction and textile sectors. Another major trend observed is the gradual shift of manufacturers toward biodegradable, bio-based PCM as an alternative to the traditional petroleum-based PCM. Improved products by suppliers, and improved macro and micro-encapsulation techniques, which eventually decrease the prices of advanced PCM, is anticipated to create lucrative opportunities for market growth. However, the high cost of advanced PCM and the lack of awareness among the consumers about usage of phase change materials are expected to hinder market growth.

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Phase change materials have an ability to store and release large amounts of energy, in the form of latent heat. Although phase changes can occur among any combination of the three phases of a substance – gas, liquid, or solid the most commercially viable transition is between the liquid and solid phases. When a PCM is in its’ solid phase it can absorb heat, providing a cooling effect and when a PCM is in its’ liquid phase it can release heat, providing a warming effect.

The organic PCM segment accounted for the highest value share in 2015, owing to the higher costs, while inorganic PCMs, such as, salt hydrates accounted for the highest volume share. However, bio-based PCM segment is expected to witness highest growth during the forecast period, owing to the increased preference towards environmental-friendly materials, mainly in North America and Europe.

Rise in application in building & construction industry drives the growth of the global advanced phase change materials market. Furthermore, increase in emphasis on energy conservation, numerous applications of advanced phase change materials in the textile sector, rapid urbanization in developing countries, and continued technological developments in the field of advanced PCM are expected to fuel the market growth in the near future.

According to a new report published by Allied Market Research, titled, “Advanced Phase Change Materials Market: Global Opportunity Analysis and Industry Forecast, 2014-2022,” the global market is projected to reach $2,434 million by 2022 from $691 million in 2015, growing at a CAGR of 19.8% from 2016 to 2022. Building & construction segment occupied major share of the total market in 2015.

KEY FINDINGS OF THE STUDY

• Europe dominated the global advanced phase change materials market in 2015, accounting for over one-third of the share, in terms of revenue.

• In 2015, advanced phase change materials used in building & construction application accounted for more than two-fifths share of the global market.

• The organic PCM segment accounted for about half of the value share in 2015, and is anticipated to maintain its lead during the forecast period.

• Germany generated more than two-fifths of the total revenue in the European market in 2015, and is expected to show highest growth rate.

• Asia-Pacific advanced phase change materials market is expected to grow at the highest rate.

• Solvent-based coating is the leading segment, accounting for more than half of the share in 2015.

• In 2015, BASF SE accounted for the highest market share of the global market.

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In 2015, Europe dominated the global advanced phase change materials market with maximum share, in terms of both revenue and volume. This was attributed to the high percentage of manufacturers and consumers of phase change materials. In addition, Asia-Pacific is expected to grow with the highest rate, registering a CAGR of 20.3% throughout the forecast period, owing to rapid industrialization in China and India, growth in infrastructure, increase in awareness about application of advanced phase change materials, and favorable government rules & regulations.

The key players of advanced phase change materials market profiled in this report are BASF SE, Entropy Solutions, Sonoco Products Company, Outlast Technologies LLC., Advansa B.V., E. I. Du Pont De Nemours And Company, Phase Change Energy Solutions, Cryopak Inc., Microtek Laboratories, Inc., and Pluss Advanced Technologies Pvt. Ltd.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Semiconductor Production Equipment Market to Generate $259.7 billion by 2030, States the Report by Allied Market Research

A lead analyst at AMR highlighted that the semiconductor production equipment market in Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.

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Allied Market Research published a research report on the semiconductor production equipment market. The findings of the report states that the global market for semiconductor production equipment generated $71.8 billion in 2020, and is projected to reach $259.7 billion by 2030, registering a CAGR of 12.9% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.

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The report provides detailed insights on drivers, restrains, and opportunities to help the market players in devising several growth strategies. Increase in the usage of hybrid cars, growth in the popularity of electric vehicles due to its low maintenance, rise in the adoption of smart phones, and growing prevalence of artificial intelligence are expected to drive the growth of the global semiconductor production equipment market. On the other hand, semiconductor shortages are expected to hinder the growth to some extent. However, persistent technological advancements are expected to create ample opportunities for the industry.

The semiconductor production equipment has observed significant growth in the past few years due to rise in vehicle electrification and increase in adoption of hybrid and electric vehicles. Expanding chip business in China and rise in developments in advanced memory products will create advantage for 2.5D machine. Furthermore, automotive industries are frequently involved in collaboration and partnerships, which will boost the market growth,” says Amar Chinchane, Lead Analyst, Construction and Manufacturing at Allied Market Research.

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the semiconductor production equipment market globally. The outbreak of COVID-19 has had a negative impact on the growth of the global semiconductor production equipment market, owing to the occurrence of lockdowns in various countries across the globe. Lockdowns resulted in delay in manufacturing and production of semiconductor production equipment. This was majorly due to the stringent restrictions imposed by the government to curb the spread of the virus during the pandemic. However, the market is expected to recoup soon.

The report offers a detailed segmentation on the global semiconductor production equipment market based on product type, function, dimension, supply chain process, and region.

Based on product type, the front-end equipment segment held the largest market share in 2020, holding more than four-fifths of the global market. The back-end equipment segment, on the other hand, is predicted to cite the fastest CAGR of 14.2% during the forecast period.

Based on the dimension, the 3 dimension segment held the dominating market share in 2020, holding nearly half of the global market. In addition, the same segment is expected to cite the fastest CAGR of 14.3% during the forecast period. Other segments included in the segment include 2D and 2.5D.

Based on region, the market across Asia-Pacific held the lion’s share in 2020, garnering more than four-fifths of the global market. In addition, the same segment is expected to cite the fastest CAGR of 13.4% during the forecast period. The other provinces discussed in the report include North America, Europe, and LAMEA.

The key players analyzed in the global semiconductor production equipment market report include Applied Materials Inc., Intel Corporation, Micron Technology Inc., Qualcomm Technologies, Inc., Tokyo Electron Limited, AlsilMaterial, Samsung Group, ASML Holdings N.V., Screen Holdings Co., Ltd., and Teradyne Inc.

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Autonomous Tractors Market to Generate $11.58 Billion by 2030, States the Report by Allied Market Research

A lead analyst at AMR highlighted that the autonomous tractors market in Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.

Allied Market Research published a research report on the autonomous tractors market. The findings of the report states that the global market for autonomous tractors generated $1,560.1 million in 2020, and is projected to reach $11,588.8 million by 2030, registering a CAGR of 20.9% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.

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The report provides detailed insights on drivers, restrains, and opportunities to help the market players in devising several growth strategies. Increase in demand for agricultural yield, growth in population, surge in disposable income, and rise in demand for food are expected to drive the growth of the global autonomous tractors market. On the other hand, lack of awareness is expected to hinder the growth to some extent. However, persistent technological advancements are expected to create ample opportunities for the industry.

“The autonomous tractors market has witnessed significant growth in the past decade, owing to increased demand for agricultural products across the globe. A number of players in the autonomous tractors industry are expanding their business to strengthen their foothold in the global market. By component, the GPS segment dominated the autonomous tractors in 2020, in terms of revenue. This is attributed to rise in demand for agricultural machineries that increase efficiency while reducing requirement of human intervention. Depending on application, the seed sowing segment is expected to grow at a higher CAGR during the forecast period, owing to favorable government initiatives in major countries,” says Priyanka Khandelwal, Lead Analyst, Construction and Manufacturing at Allied Market Research.

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the autonomous tractors market globally. The outbreak of COVID-19 has had a negative impact on the growth of the global autonomous market, owing to the presence of lockdowns in various countries across the globe. Lockdowns resulted in the closure of various industries, including those of autonomous tractors, negatively impacting its demand further with import and export trade regulation. This was majorly due to the stringent restrictions imposed by the government to curb the spread of the virus during the pandemic. However, the market is expected to recoup soon.

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The report offers a detailed segmentation on the global autonomous tractors market based on component, application, and region.

By component, the GPS segment contributed to the highest share in 2020, accounting for nearly one-third of the global market. The vision system segment, on the other hand, is predicted to cite the fastest CAGR of 21.7% during the forecast period.

By type, the tillage segment accounted for the largest market share in 2020, holding more than one-fourth of the global market. However, the seed sowing segment, on the other hand, is predicted to cite the fastest CAGR of 21.7% during the forecast period.

Based on region, the market across North America held the lion’s share in 2020, garnering nearly two-fifths of the global market. The Asia-Pacific region, on the other hand, is predicted to exhibit the fastest CAGR of 22.7% during the forecast period.

The key players analzyed in the global autonomous tractors market report include Autonomous Solutions, Inc., Mahindra & Mahindra, CNH Industrial, Trimble, KINZE Manufacturing, AGCO Corporation, Autonomous Tractor Corporation, Deere & Company, Kubota Corporation, and Yanmar.

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Robot End Effector Market to Generate $15.62 Billion by 2030, States the Report by Allied Market Research

A lead analyst at AMR highlighted that the robot end effector market in LAMEA is anticipated to grow at the fastest CAGR during the forecast period.

Allied Market Research published a research report on the robot end effector market. The findings of the report states that the global market for robot end effector generated $3.26 billion in 2020, and is expected to reach $ 15.62 billion by 2030, registering a CAGR of 16.9% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.

The report provides detailed insights on drivers, restrains, and opportunities to help the market players in devising several growth strategies. Increase in application of collaborative robots, rapid industrialization, and rise in adoption of automation in the manufacturing industry are expected to drive the growth of the global robot end effector market. On the other hand, the extortionate cost of installation is expected to hinder the growth to some extent. However, extensive adoption of automation in various end-use industries is expected to create ample opportunities for the industry.

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“The growth of the robot end effector market is majorly driven by rise in adoption of automation in industrial manufacturing. In addition, robot end effectors majorly find their application in the automobile industry; thus, expansion of the automotive industry is expected to boost the growth of the robot effector market. Moreover, robot end effectors are majorly used for handling operations in majority of industries. Asia-Pacific dominated the robot end effector market in 2020, owing to presence of large-scale production facilities in countries such as China and India,” says Rohit Sawant, Industry Analyst, and Construction & Manufacturing at Allied Market Research.

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the robot end effector market globally. The outbreak of COVID-19 has had a negative impact on the growth of the global robot end effector market, owing to the presence of lockdowns in various countries across the globe. Lockdowns resulted in the closure of various industries, including the manufacturing, construction and others, which decreased the demand for collaborative robots. This was majorly due to the stringent restrictions imposed by the government to curb the spread of the virus during the pandemic. However, the market is expected to recoup soon.

The report offers a detailed segmentation on the global robot end effector market based on type, application, end user, robot type and region.

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Based on type, the grippers segment held the largest market share in 2020, holding more than two-fifths of the global market. The sensors segment, on the other hand, is predicted to cite the fastest CAGR of 18.0% during the forecast period.

Based on application, the handling segment held the majority market share in 2020, holding more than two-fifths of the global market. The assembling segment, on the other hand, is predicted to cite the fastest CAGR of 17.8% during the forecast period.

Based on region, the market across Asia-Pacific region held the lion’s share in 2020, garnering more than three-fifths of the global market. The LAMEA region, on the other hand, is predicted to cite the fastest CAGR of 17.9% during the forecast period.

The key players analzyed in the global robot end effector market report include ABB, Destaco (Dover Corporation), Kuka AG, Millibar, Inc., Piab AB, Robotiq, Schmalz, Toyota Industries Corporation (Bastian Solutions, LLC), Weiss Robotics GmbH & Co. KG, and Zimmer Group.

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Hybrid System Market Trends, Business Strategies and Opportunities With Key Players Analysis 2030

Hybrid System Market Outlook 2030 –

Hybrid system are dynamical systems which is a combination of both techniques and methods. The system exhibits both continuous and discrete dynamic behaviour. The system offers various advantages such as increased fuel efficiency, low tail-pipe emission, and exclusion of mechanical linkages. The two different types of hybrid system, parallel hybrid bus and series hybrid bus. In parallel hybrid bus, the internal combustion engine (ICE) and electric motor are connected to the transmission independently. Thus, the electric motor is designed to provide power during lower speed such as stop-and-go traffic and while at higher speeds the vehicle is powered by its internal ICE since, ICE gives better fuel efficiency at higher speed. Moreover, during acceleration or hill climbing both the sources are activated to fulfil the desired power demand. In series hybrid bus, the ICE is connected to electric generator which converts the energy produced by ICE into electric power. The electricity powers the motor which turns the wheels of the vehicle and recharges the battery pack. Thus, hybridization has enhanced the system’s ability and reduced the operating expense which will boost the growth of hybrid system market.

Companies covered: Bosch, Continental AG, Denso, Delphi, Johnson Controls, ZF Friedrichshafen AG, Valeo, Hitachi Automotive, Magna International, and Infineon

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COVID-19 Impact Analysis:

COVID-19 pandemic has affected the global economy in various countries since, the lockdown has caused travel bans and business shutdowns, affecting the global supply chain of hybrid systems market. Also, due to lockdown and social distancing norms the companies are facing major issues such as closure of factories and unavailability of workforce thus, the companies are experiencing disruption in their production. Moreover, the lockdowns over the past few months had disrupted the demand and supply cycle of many hybrid system market. Hybrid system was an evolving sector before the pandemic since, the demand for hybrid vehicle was increasing. But COVID-19 had a positive impact on the electric vehicles market since the sales of electric vehicles has increased than the previous year which affects the sale of hybrid vehicles which in turn affects the hybrid system market.

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Top Impacting Factors

Rise in stringent emission norms, rise in demand for hybrid vehicles in developing countries, and rise in demand for fuel-efficient, high performance & low emission vehicles will drive growth of hybrid system market.
However, rise in demand for battery electric vehicles (BEVs) & fuel cell electric vehicles (FCEVs) and higher vehicle cost will hamper growth of hybrid system market.
Rise in government subsidies & policies on electric & hybrid vehicle purchase, lack of charging station for electric vehicles, and rise of investment in R&D for hybrid system technology will act as an opportunity for growth of hybrid system market.

Market Trends

Rise in stringent emission norms

The growing awareness about harmful emission from vehicles has led government to implement stringent emission norms. Thus, it has forced the original equipment manufacturers (OEMs) to manufacture hybrid and electric vehicle. Moreover, the lack of charging station limits the growth of electric vehicle and drives the growth hybrid vehicles since the vehicles emit fewer greenhouse gases than gasoline and diesel vehicles. For instance, government in US and Europe are concentrating on lowering emission to limit the greenhouse gas effect and focusing more on improving the fuel economy. Thus, it will boost the growth of hybrid vehicles which in turn will drive the growth of hybrid system market.

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Rise in demand for battery electric vehicles (BEVs) & fuel cell electric vehicles (FCEVs)

The increasing demand for BEVs and FCEVs will affect the growth of hybrid vehicles. The advantages of BEVs and FCEVs are high driving range, noiseless operation and zero-emission of greenhouse gases and air pollutants. These benefits positively affect the growth of FCEVS. Moreover, government initiatives on promotion for use of fuel cells for transportation further boost the electric vehicle market. For instance, government in California launched clean vehicle rebate project to fund the low-income group consumers for purchase or lease of purchase of FCEVs. Furthermore, all these factors lower the growth of hybrid vehicles which in turn hampers the growth of hybrid system market.

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Automotive Digital Key Market Analysis, Growth Opportunities, Future Demand And Leading Players Updates By Forecast 2021-2030

Automotive Digital Key Market Outlook 2030 –

The automotive industry is undergoing tremendous changes and is moving in direction of vehicle digitization. Manufacturers are developing automotive digital keys that provide more advanced features than traditional keys, such as enhanced driver safety features, connected cars, and keyless entry. Due to advantages such as improved car safety, popularity of car smart keys has increased significantly in the past decade. Features like high-end luxury cars are being applied in budget cars by companies, such as Honda, which are developing smart keys for budget cars. Use of lightweight and environmentally friendly materials to make internal chips and buttons of smart keys is becoming more and more popular. However, a research report from the University of Leuven in Belgium stated that due to loopholes in the security system, a car’s digital key can be hacked and unlocked in a short time. For instance, on 28 August 2019, researchers successfully bypassed keyless entry system of a Tesla Model S with ease. Leap Motor introduced biological entry system with the launch of their smart electric coupe S01 model in China, in January 2019. These vehicles are equipped with a “Leap in” biological lock/unlock system that integrates finger vein recognition and face recognition technologies, thus, giving customers a keyless experience from entering vehicles to starting engines.

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In addition, major players in the automotive digital key market continue to focus on developing key cards, smart key fobs, and wearable smart keys or smart watches with RFID technology. For instance, Senturion key developed a wearable key or smart watch. With the use of it, one can enter a vehicle and can be used for various other operations as well such as engine start/stop and door lock/unlock.

Companies covered: Infineon Technologies AG, Telefonaktiebolaget LM Ericsson, Continental AG, Denso Corporation, Tokai Rika Co. Ltd., ALPHA Corporation, Garmin Ltd., Firstech, LLC., GARIN System Co., Ltd., and STMicroelectronics

COVID-19 Impact analysis

Vendors in the digital key market industry across the globe are severely affected due to restrictions on producers as well as declared lockdowns, which, in turn, is affecting digital key manufacturers worldwide. The pandemic have had a negative impact on the digital key market size for the year 2020, and a major deviation was noticed in the growth of digital key manufacturers due to coronavirus. Digital key market is an evolving sector, which is hampered due to the ongoing pandemic as all type of production and installation activities across affected countries have been shut down and all operations were disrupted. Majority of digital key manufacturers are facing major issues such as closure of factories and unavailability of workforce due to lockdowns, which further affects production of cars as well.

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Top Impacting Factor:

Rise of Internet of things (IOT), rapidly growing innovations in automotive industry, and ease of use drive growth of the automotive digital key market.
Cyber security threats may affect demand for automotive digital key and subsequently hinder the market growth.
Improvement in standard of living and technological development is the opportunity for the automotive digital key market.

Market Trends

Rise of Internet of Things (IOT)

Embedding Internet of Things technology in the automotive field, creating new applications and solutions, making cars smarter, and providing comfort, efficiency and driving safety, has always been the focus of automotive manufacturers. Manufacturers are implementing Internet of Things to provide drivers with connected car applications such as fuel tracking, advanced driver assistance systems (ADAS), speed control, and in-vehicle infotainment systems. Manufacturers participate in development of advanced network security systems to provide better security against hacker attacks. In addition, to ensure vehicle safety, the National Highway Transportation and Safety Administration (NHTSA) is working with vehicle manufacturers, federal partners, and suppliers to address vehicle cybersecurity challenges. Digital car key is one of the new innovations brought about by adoption of Internet of Things, hence is expected to gain momentum among car manufacturers and consumers in the next few years.

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This study presents the analytical depiction of the automotive digital key 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 the automotive digital key market.
The current market is quantitatively analyzed from 2020 to 2028 to highlight the automotive digital key market growth scenario.
The report provides a detailed automotive digital key market analysis based on competitive intensity and how the competition will take shape in coming years.

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Questions answered in the automotive digital key market research report:

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

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Glider Aircraft Market Analyzed By Business Growth, Development Factors, Applications and Future Prospects 2027

Glider Aircraft Market Outlook – 2027

A glider is a heavier-than-air aircraft, which is capable of sustained flight and can be both powered and non-powered. The free flight of the glider is supported by the dynamic reaction of the air against the lifting surface of the aircraft. The power gliders have small engines for extending their flight when required. A few variants of the power glider need the help of another aircraft for launching while others have the ability to take-off on their own. In addition, the non-powered gliders do not have an engine; they are generally launched with the help of other aircraft. Moreover, the glider aircraft market offers hand gliders that are foot-launched heavier-than-air aircraft, having a pilot tied with a harness, responsible for controlling the aircraft by shifting the body weight. The glider aircraft market is expected to experience growth with different variants applied in differing segments.

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Companies covered: DG Flugzeugbau GmbH, Pipistrel D.O.O.Ajdovèina, Lange Aviation GmbH, Cub Crafters, Alexander Schleicher GmbH & Co., Evektor spol s.r.o., AMS-Flight, Costruzioni Aeronautiche Tecnam S.R.L, AIRBORNE AUSTRALIA, Flight Design GmbH.

COVID-19 Scenario Analysis:

Glider aircraft production is anticipated to be more agile after the end of COVID-19.
The supply chain disruption is expected to affect the future growth of the companies due to lockdown.
The revenue is not being generated for the companies due to the ongoing pandemic resulting in a down surge of tourism and recreational activities, which will result in major losses across the year.
Companies have to deal on a significant margin basis to revive the market.
A huge monetary loss has been accounted for in the revenue generation of the glider aircraft companies due to the lockdown.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The demand for the glider aircraft market is driven by the growing enthusiasm toward adrenaline sports and the increasing participation of the people in outdoor recreational activities. In addition, the growth in adventure tourism is also propelling participation demand from many regions across the globe. Moreover, rise in government initiations to promote global tourism fosters the growth of glider aircraft. Glider aircrafts have been used in the military segment to carry troops and heavy equipment to war fields and combat zones. Growing security threats across national borders proliferate the demand for glider aircraft, therefore fostering the growth of the market.

The global glider aircraft market trends are as follows:

Growth in adventure tourism to foster the demand

The global tourism industry has been witnessing transitions in lifestyle and recreational activities from conventional tourism to adventure sports activities such as para jumping, sir racing, hang gliding, and others. Rise in awareness of people toward the benefits of outdoor recreational activities is inspiring people to participate more in such sports, which in turn boosts the growth of the glider aircraft market. In addition, factors such as a change in demographics, lifestyle, and increase in purchasing power among the middle-class population fosters the growth of the glider aircraft market.

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The constant demand from the military segment to boost the market

The military & defense segment is considered to raise a constant demand for the glider aircraft market during the forecast period owing to the application of such aircrafts in carrying troops and heavyweight material. Moreover, glider aircrafts come into action not only during war situations but have also been put to use during regular military exercises or other combat and rescue operations. Thus, it can be determined that glider aircraft constitute an important component of a nation’s military warfare. Also, the growing threat of national security across borders is fueling the demand to upgrade the existing military equipment with advanced technology. In addition, the military systems of many nations are strategically investing in R&D activities to maintain a competitive edge.

Key Benefits of the Report:

This study presents the analytical depiction of the global glider aircraft 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 global glider aircraft market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global glider aircraft market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global glider aircraft 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 Glider aircraft Market Research Report:

What are the leading market players active in the glider aircraft market?
What the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?

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About Us

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

Web: www.alliedmarketresearch.com