Power-Shift Tractor Market Snapshot & Growth Prospect Mapping|2018

The Global Power-Shift Tractor Market is anticipated to grow at a higher CAGR in the forthcoming period. Agricultural vehicles such as tractors have to cope up severe working conditions involving complex tasks that demand excavations coupled with pushing and pulling of land for harvest. Tractors are specially designed to work at low speed enabling larger traction forces. In addition, their ease of moving on irregular soil also makes them a better choice for transportation.

To ensure maximum flexibility of use at each individual speed and to utilize engine power to its maximum, agricultural vehicles are equipped with power-shift transmission that has large number of gears allowing to perform a gearshift with no or minimum loss of power from the engine to drive wheels. Driving factors responsible for the growth of power-shift tractor market includes rising demand for food due to rise in population, water scarcity, inadequacy of agricultural land and deterioration of soil fertility. Also, other factors such as modernization in agricultural methods and techniques coupled with modernization of vehicles, limited labour and shifting patterns in wages is likely to drive the growth of power-shift tractor industry. Product segmentation for power-shift tractor industry includes semi-power shift and full-power shift. Based on segmentation by end-use/application, the power shift tractor industry includes pasture, farmland and forest. Segmentation based on drive system for power-shift tractor market includes 2WD, autonomous tractor and 4WD.

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Geographical segmentation for power-shift tractor industry includes North America, South America, Europe, Asia-Pacific, Middle-East and Africa. APAC market is expected to gain a significant growth in the forthcoming period due to modernization of agriculture vehicles. Also, other factors such as improved quality of crops, cost efficiency and enhancement of crop production thus trigger the demand for power-shift tractor in the market.

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Europe market is anticipated to grow at a higher CAGR due to agricultural innovations and technological progress in agricultural vehicles. North America is expected to follow the trend. MEA market is anticipated to rise at a significant CAGR in the forthcoming period due to the changing scenario in agriculture and farming techniques. The key players in the power-shift tractor market include John Deere, LINDNER, CLAAS KGaA, Kubota Europe, JCB, New Holland, Versatile, Lamborghini, CASE IH, SteyrTraktoren, and Landini.

Automotive After Market Base estimates & CAGR calculation by 2025

31 Jan 2019 - The global Automotive After Market valuation is expected to cross USD 486.36 billion by 2025. Automotive after market is driven by factors such as rise in buyers’ awareness regarding routine maintenance, convenience, and safety along with add-on services such as internal and external accessories and exhaust components. In addition, change in lifestyle and the need for commuting long distance travels leads in average distance driven per vehicle. The market witnesses numerous opportunities in form of availability of variants for spare parts and accessories. Automotive after market, however, encounters negative setback in form of stringent policies by government, dearth of labor, and loopholes in record retrieving systems for older vehicles.

Automotive industry is enormous in Western Europe, Eastern Europe, Russia, China, and India. The market is witnessing significant changes along with growing importance not only for brand new cars but also in the after market domain. Customers’ expectation, technological growth, automotive suppliers, and shifts in competitive power help in revamping and development of automotive aftermarket. Emerging markets seem to create new needs for after market industry and simultaneously, the market players may encounter challenges such as rising pace of consolidation, particularly in European counterparts and U.S. On the other hand, automotive suppliers operate in a highly stable environment to face a new type of competitive pressure from other players at alternate stages of after market value chain. Market trends such as major shifts in after market industry coupled with technological upgrade at periodic intervals prove to be game-changing factors for major players to maintain a strong market position.

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The automotive after market segmentation includes product, replacement, distribution channel, sales outlet and geography. Replacement type comprises tire, battery, brake parts, filters, lighting, electronic components and body parts. Tire segment is expected to account for higher growth in the forecast period. Distribution channel segmentation includes retailers and wholesalers. Retailers segment would account for dominant position in the forthcoming period.

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Geographical segmentation for automotive after market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North American automotive after market is driven by factors such as rise in advanced technology for fabrication of auto parts and upsurge in automobile production leading to rise in sales. South American market expects to gain a higher CAGR owing to rise in accumulation of older vehicles resulting in repair and service. Asia-Pacific’s automotive after market expectsto gain a positive traction owing to rise in automotive developments and use of digital technology for automotive. In addition, wide presence of automotive manufacturers coupled with favorable policies is contributing to the market growth. Rise in disposable income coupled with increased spending capacity is likely to add to the market growth in the forthcoming period.
European automotive after market is expected to witness a substantial growth in the forthcoming period due to rise in infrastructural development coupled with stringent policies by government along with rise in foreign investments. Middle East and African regions are likely to gain a higher growth in the forthcoming period due to growth in foreign investments, rise in vehicle population along with favorable policies by government. The key players in the automotive after market include 3M Company, Delphi Automotive PLC, Denso Corporation, Continental AG, Federal-Mogul Corporation, Magneti Marelli S.p.A, and Robert Bosch GmbH.

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On-Demand Transportation Market|Share Calculation, Application And Assumptions by 2025

28 Jan 2019 - Global On-Demand Transportation Market is expected to reach USD 290.3 billion by 2025 as the scope, product types and its applications are increasing across the globe. On-Demand Transportation implies user-oriented system of public transport characterized by changeable routing and scheduling of small/medium cars working in shared-ride method between pick-up and drop-off places according to customers’ requirements. On-Demand Transportation market is expected to grow at a CAGR of 20.4% in the upcoming period.

Saturation of smartphones and linked vehicles is in creasingthe acceptance of on-demand transportation services such as car sharing, e-hailing, station-based mobility and car rental. These facilities permitoperators to modify, pre-book, or cancel their taxi/car booking reservations via mobile applications such as Gett, Ola and Uber. Developments in IT organization and rising usage of car sharing facilities by millennials are estimated to propel the acceptance of on-demand transportation services. However, issues related to high costs and poor connectivity of emerging infrastructure may restrain the development of the On-Demand Transportation industry. Consequently, car sharing facility providers are concentrating on emerging car-sharing applications, which do not need internet connectivity for accessing them. On-Demand Transportation market may be explored by service type, vehicle type, vehicle connectivity, and geography.

On-Demand Transportation may be explored by service type as E-Hailing, Station-Based Mobility, Car Sharing, and Car Rental. The e-hailing service type of on-demand transportation is anticipated to be the fastest-developing sector. The increasing penetration of car sharing, and smartphones applications are enhancing this segment. Rising cost of fuel and an increasing traffic are expected to boost the development of the sector. In addition, the several development programs started by numerousad ministrations are also likely to bolster On-Demand Transportation industry development.

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On-Demand Transportation may be explored by vehicle type as Four-Wheeler, and Micro Mobility. Micro Mobility sector of On-Demand Transportation vehicle type is estimated to grow in the forthcoming period. It offers several benefits such as flexible mobility and fuel consumption. Additionally, it permits energy efficiency and improved cost, which are driving users to choose this vehicle type. Stringentrules regarding environment conservation across the globe, associated with sternness relating to vehicle manufacturing are encouraging operators to accept this vehicle type.

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On-Demand Transportation may be explored by vehicle connectivity as V2V, V2P, V2I, and V2N. The vehicle-to-pedestrian (V2P) connectivity sector is anticipated to grow at a CAGR of 22.3% over the upcoming period. V2P helps link pedestrians with vehicles via a wireless system and improves security by providing real-time traffic flow data. Asia-Pacifichas been at the forefront with regards to On-Demand Transportation industry and will continue to rule the roost in the years to come. Asia Pacific accounted for the major share of the On-Demand Transportation Size Analysis in 2016. The factors that attribute to the growth of Asia Pacific’s On-Demand Transportation market include rising population, increased traffic, increasing disposable income, vehicle costs in the developing countries like China and Japan,etc. Some of the key players that fuel the growth of the On-Demand Transportation industry include BMW Group; International Business Machines Corporation (IBM); Robert Bosch GmbH, General Motor Company; Ford Motor Company and Gett, Inc. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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Smart Transportation Market Research Methodology, Scope & Assumptions by 2024

22 Jan 2019 - Global Smart Transportation Market is anticipated to reach USD 285.12 billion by 2024. The market is anticipated to grow at a healthy rate in the years to come. Smart transportation system implies sustainable and efficient intermodal transport system and infrastructure that can transport high level of performance and intelligence. Smart transportation system comprises use of advanced technologies such as telecommunication, computers, electronics information, and progressive sensors to offer information to customers to develop efficiency and safety of the transportation system.

Smart transportation system is progressively being accepted to reduce environmental impact of greenhouse gasses emitted by vehicles, improve traffic management, and reduce congestion. On the other hand, there are factors that may hamper the growth of the market such as smart transportation requires a big database of road networks that could not be accessible in the emerging countries, and huge capital investment. Smart transportation industry is anticipated to grow at a significant CAGR of 22.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Smart transportation market may be explored by solution, service, and geography. The market may be explored by solution as Traffic management system, Parking management system, Integrated supervision system, and Ticketing management system. The “Traffic Management” segment dominated the smart transportation industry in 2016 and is anticipated to maintain its dominance by 2024. They are mainly used for minimizing traffic jams on roads and managing traffic in cities prominent traffic management solutions comprise traditional signaling and smart signaling systems, and route guidance systems, intelligent video management systems, and video surveillance systems.

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Smart transportation industry may be explored by service as Support and Maintenance, Consulting, and Deployment and Integration. The “Deployment and Integration” segment dominated the market in 2016 and is anticipated to maintain its dominance by 2024. Deployment and integration service helps in reducing the integration and deployment time. This service is vitalfor emerging end-to-end traffic managing, passenger, parking management system solutions, and ticketing, for the global market. The growing necessity for advancement of the current transport organization to support several smart solutions would initiate the deployment and integration facilities in the market.

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North America accounted for the major share of the Smart Transportation Market Size in 2015 and will continue to lead in the forecast period due to factors such asearly acceptance of severalnew technologies, increasing government investments in transport infrastructure. On the other hand, Europe is anticipated to benefit from its fast digitization across verticals. Growing technological advancements and increasing acceptance of smart connected devices, followed by a robust government vision, and healthy network infrastructure toward smart transportation are anticipated to propel development in the smart transportation industry. Some of the key players that fuel the development of the smart transportation market include AGT International, SAP SE, Cisco Systems Inc., IBM Corporation, Logica, Hitachi Inc.,GSM Association, Schneider Inc., Oracle Corporation, Siemens Corporation, ERTICO-ITS, Orange Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Automotive Coatings Market|Competitive Landscape And PESTEL's Analysis by 2025

24 Dec 2018 - The Automotive Coating Market is expected to grow at a healthy rate for the forecasted period owing to the increase in demand of commercial and passenger vehicle, development in transport infrastructure, and supporting government policies and regulations. Latest technology in this industry is water born and powder coatings. Most of the automobile parts are metallic and to improve the life and avoid degradation metal coating is done on it. Growing demand of automobile across global is offering great opportunity for auto coating industry. Innovation in green technology such as making the products eco-friendly will help the industry to grow significantly as it will abide government regulations.

Water borne and powder borne coatings popularity is increasing as it has longer durability, in line with government regulations during production, and is cost effective than conventional solvent borne coatings. These emits hazardous chemical and harms environment. The market is primarily influenced by the government regulation as affects the environment. Also the prices of raw material are fluctuating hence it is emerging as a major challenge for the industry as the profit margins are reducing.

The automotive coatings industry is segmented majorly into two categories which includes aftermarket or refinish and Original Equipment Manufacturing (OEM). The refinish or aftermarket is used by the vehicle body shops and collision repair centres. On the basic of product segmentation, the global automotive coatings market can be divided into four categories namely primer coats, electro-coats, clear-coats, and basecoats. Based on formulation, this market can be classified into four categories which includes solvent-based, water-based, UV-based, and powder-based coatings. Solvay SA has worked on improving in durability, appearance, and developed new type of finish Basecoat.

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The upper coat paint system is divided into an enamel basecoat pigmented, followed by an enamel clear finish. The main element in this technology is a clear coat which has longer durability in all weathers. The expense of the Basecoat paint system was high initially and it was used in top-end auto cars. But with the advancement in the technology and processing it helped in reducing the overall costs.

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The automotive coating industry is regionally segmented into 5 regions which includes, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia-pacific is showcasing high potential in automotive aftermarket coating in terms of revenue due to increase in vehicles production and use of second hand cars. As the economy of Asia-pacific countries are growing need for automobiles and road infrastructure is also growing at same pace. Hence Asia-Pacific is most lucrative market amongst all.

In Asia Pacific region there is increase in the number of joint venture among key players of automobile industry, and political policies for development are favorable. Europe is the second largest market in the world because it is recovering from downturn. North America is an upcoming market, predicted to surpass it in future considering the increase in the industrial production. Europe and North America are anticipated to benefit from stringent environmental regulations that drive the demand for powder and waterborne coatings considering they are eco-friendlier. However economic slowdown is a major challenge in Europe and North America.

India, China, Brazil, and Russia or the BRIC are growing rapidly and the sale of automotive are expected to grow in coming years. These countries are considered to be major contributor towards growth of auto coating industry. Developing economies, improvement in the road infrastructure, and increase in use of individual personal conveyance are the key factors for the growth of the automotive industry.  In the competitive market scenario, companies are adopting various business model to exploit the market opportunities and gain competitive edge. Most of the market leader and challengers are concentrating on improving their design to have competitive edge.
Key contributors in the market are PPG Industries Inc., BASF SE, Kansai Paint Co., Ltd., Akzonobel N.V. Bayer AG, Solvay SA, Arkema SA, Akzonobel N.V., Ltd., Akzonobel N.V. and Valspar Corporation, Bayer, Sherwin-Williams, Beckers, Royal DSM, and Eastman Chemical, Diamond Paint, Valspar, Sherwin-Williams.

BASF SE has launched a new refinish paint brand called NORBIN. NORBIN was launched in December 2015. NORBIN offers more colours at effective price, initially it was launched in China and Asia-Pacific. It offers high quality paint job, more range of colours at affordable cost. With the launch of new product BASF expects a dynamic jump in sales.

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Electric Vehicle Plastics Market Product Estimates & Trend Analysis by 2025

20 Dec 2018 - An electric vehicle uses one or more electric motors or traction motor for propulsion. It may be powered via a collector system by electricity or may be self-contained with a battery or generator to convert fuel into electricity. These include road & rail vehicles, surface & underwater vessels, electric aircraft & electric spacecraft. On contrary, to traditional vehicles which possessed internal combustion engine (ICE) is now getting blurred with usage of electric vehicles which run on conventional energy or electricity. With the growing approach towards electric vehicles (EV), plastic materials play a pivotal role in helping to reduce carbon emissions or dependence on petroleum. By using plastics in EV, the weight of the vehicle can be reduced upto 40%. Additionally, high performance polymers and elastomers are used to integrate components and functions. The miniaturization helps in reducing space and improves packaging.

The major market drivers for the global electric vehicle plastics market share include strict emission norms & regulations leading to minimizing weight of passenger cars& government initiatives to encourage adoption for electric vehicles. Therefore, the electric vehicle plastics market share is estimated to grow at a higher CAGR during the forecast period. However, a key factor restraining the market share is the lack of charging stations for BEV operated vehicles & HEV operated vehicles. Thus, charging infrastructure is significant for the growth of electric vehicles as in case of BEV and PHEV.

On the basis of vehicle type, the global electric vehicle plastics market share is segmented as BEV, HEV, PHEV. BEV segment is likely to dominate the global market share for the forecast period owing to rising innovations, environmental concerns, strict emission regulation and norms. Additionally, government initiatives in the form of introducing various tax & non-tax incentives for electric vehicle owners have boosted the plastic growth employed in these BEVs. On the basis of material, the global electric vehicle plastics market share is segmented as PP, PE, ABS, PVC, PA, Nylon 6/6, Nylon 6, polycarbonate, PVB and other engineering resins.

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PP is the fastest growing segment owing to features like better heat resistance, protection from UV rays, high strength & flexibility. On the basis of application, the global market for electric vehicle plastics market is segmented as interior, exterior, lighting & electric wiring and under the hood. Polyurethanes is estimated to be the largest growing sector and is predicted to dominate the market for the forecast period owing to its use in seating, electric wiring and hard plastic parts.

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On the basis of geographic segmentation, the global market for electric vehicle plastics market includes North America, Europe, Asia-Oceania, Middle-East & Africa. Asia-Oceania is predicted to dominate the electric vehicle plastics market and is estimated to grow at a higher CAGR during the forecast period. Asia-Oceania is an emerging market for electric vehicles in the recent years. Government initiatives in the form of incentives to support the demand for electric vehicles market have also boosted the market.

Faraday Future, a 2015 startup jumped into the electric vehicle market with a view to challenge Tesla electric motor and announced a big news about its plans to build a factor outside Las Vegas and that raised curiosity among the masses especially for its financial support. However, the startup has stopped construction owing to parent’s company financial problems. The Chinese company LeEco has funded Faraday Future but now has lost his fortune owing to the market fluctuations in his own native country. So, now Faraday Future would showcase its first production car at the CES 2017, the international electronics show in Las Vegas from Jan 5-8. The key players in the global electric vehicles market include BASF SE, The Dow Chemical Company, Tesla Motors, Ineos Capital Limited, and the plastics are supplied to automotive OEMs such as Nissan, Chevrolet, and Volkswagen AG.

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Armored Vehicle Market Variables, Trends, Scope & Growth Prospects by 2022

3 Dec 2018 - The global Armored Vehicle Market is projected to reach USD 26.79 billion by 2022, Armored vehicles are protected by very strong armor and generally armed with robust weapons which combine defensive, tactical offensive and operation mobility capabilities which can be tracked easily. The key drivers for global armor vehicle market are rapid demand of armored vehicles in developing nation, viable conflicts in global scenario, preeminent importance given to homeland securities and growing conflicts within several nations. This market was at its peak during 2007-2012 when US government was battling terrorism against Iraq and Afghanistan. The top-notch priority at this point of time is given to the soldiers guarding our country and to protect them from the severe mine attacks, special kind of vehicles were introduced such as Mine Resistant Ambush Protected Vehicles (MRAPs). Till 2012, over 42000 vehicles were produced.

Defense sector is contributing towards the major market share in this industry. Two regions i.e. Europe and US contributes majorly towards the armored vehicle market as they are developed nations. The key players in the global armored vehicle market are Oshkosh Defense, BAE Systems, Rheinmetall and Navistar, and most of them are from Europe and US. The major challenge for this industry is that it is majorly dependent on the defense sector. The demand for armored vehicle is increasing in Asia Pacific, Africa and Middle East region due to the continuous tension with their neighboring countries, recent economic booms and internal threat from rebels in this region. In April 2015, BAE Systems enforced Active Damping system upgrade to CV90 combat automobile which expanded its agility by condensing the automobile’s pitch acceleration by approximately 40.0 %. In December 2014, the company also declared that U.S. army has awarded armored multi-purpose vehicle contract of worth up to USD 1.2 billion.

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The armor vehicle from post-world war till date are tanks, flame tank, infantry tank, cruiser tank, armored car, aerosani, scout car, reconnaissance vehicle, mortrar carrier, multiple rocket launcher, internal security vehicle, improvised fighting vehicle, troop carriers, armored personnel carrier, infantry fighting vehicle, infantry mobility vehicle, main battle tank, tankette, super-heavy tank, air defense vehicles, self-propelled artillery, amphibious vehicle, armoured engineering vehicle, assault breacher vehicle, assault gun, tank destroyer and armoured train.

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The key product for this market is expected to be Main Battle Tanks (MBT) which is accounting for over 25% of the overall revenue share in 2014. Ascending concern to safeguard military personnel is foreseen to drive unmanned ground military carrier demand over the forecast period.
The global armored vehicle market is expected to increase continuously as it is not only concentrated towards the defense sector but also in the commercial sector. The MRAP market has reached saturation in U.S. region, but there is a substantial amount of growth in demand in the Asia Pacific and Middle East region, as the investment in defense in these regions increased significantly in the recent times. Furthermore, these countries are taking precautionary measures to hinder various threats from cross border terrorists, civilian unrest due to contrast in ideas and rebellious groups.

North America armored vehicle market is expected to show stagnant growth over the forecast period owing to finite defense budget. The U.S. is expected to hold over 80% of the overall North American revenue share in 2014. Armored vehicle market of Asia Pacific is expected to show momentous growth owing to government initiative to enhance its military power to counter internal or external terrorism and this region accounted for over 25% of the global share in 2014. MEA is expected to witness boost in demand owing to terrorism activity and rising dissension in Iraq.
The acquisition of armored vehicle for homeland security is also expected to increase in future. “The Beast” is the armored vehicle used by the president of America weighs over 10,000 lbs due to the thickness of the material used in it can withstand a missile attack and even has the capability to protect the occupants against any chemical weapons.

Growing need to protect the military personnel’s from mine attacks is expected to drive mine-resistant ambush protected automobile requirement over the next seven years. Tactical military carriers are constructed primarily for use by the military personnel’s in the field in direct contact with combat. Armored Personnel Carrier (APC) are initially used for safer deployment of infantry to battle fields or high threat range and it can be distinguished from Infantry Fighting Vehicle (IFV) based on the weapons it bears.
From the modernization programs, ample amount of investment is expected in the armored vehicle market. Although there is a significant reduction in the investment in defense sector by the US government and the western countries, countries like China has drastically increased its expenditure in defense sector which has caused relentless turbulence among Asian countries.

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Agriculture & Farm Equipment Market Segmentation And Growth Prospects, 2025

19 Nov 2018 - The global Agricultural Equipment Market was estimated at $124.2 billion in 2015. Agricultural equipment or machinery are the tools used in various processes of farming, such as planting, threshing, agriculture product processing, harvesting. New agricultural equipment is replacing the traditional tools owing to improved productivity and enhanced quality of the crop. The need of food is growing at a faster rate as the population is increasing, so the demand for new agricultural equipment is growing to match the requirement of food.

Innovative technologies in the agriculture are increasing the quality & production per square feet for the agricultural products. Manufacturers are focusing on integrating various new technologies such as robotic systems, Google Earth and GPS into existing machinery for tracking productivity and improving it. The government also encourages the use of farming equipment by proving subsidies and offering lower rates to the farmers in emerging countries like India and China to adopt agricultural equipment.

Equipment Market

On the basis of Product: Tractors dominate the product category and is estimated to account over 20% of total revenue in 2015 after harvesters. Tractors are the most efficient and effective equipment in the agricultural sector as they can perform several activities in the process of farming. Harvesters are expected to grow at a CAGR of 5% through 2014-25.

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Other product segment includes thrasher, combine harvester, rotavator, Zero Till Seed Drill, Power Tiller, Multi Crop Planter, Drip Irrigation, Sprinkler Irrigation, Power Weeder, Power Spray.

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On The basis of Application: The products are divided as per the processes in farming such as Sowing & Planting Equipment, Land Development/Seed Bed Preparation/Tillage Equipment, Plant Protection Equipment, Water Inter Cultivation equipment, Agro Processing and Harvesting & Threshing.
Threshing and Harvesting expect the fast growth of a CAGR over 6% through the forecast period. Land Development/Seed Bed Preparation/Tillage contributed over 15% of the global revenue in 2015. Agriculture is labor intensive, and the scarcity of farm labor will be the key fueling factor to the increasing demand for agricultural equipment.

Regional Insights

North America Dominated the Agriculture equipment market in 2015. The driving factors behind the most usage of agriculture equipment are the scarcity of labor, improved features and fuel efficiency of the machinery and demand for the food. However, North America and Europe are expected to show moderate growth over the period. The Asia Pacific region is projected to be fastest growing market during the forecasted period owing to India and China are emerging as the fastest growing market. China dominates the region by contributing over 20% of the regional revenue share in 2015. Developing countries are showing strong economic growth, such as India, Middle Eastern countries and China, which will further fuel the growth of the agricultural equipment industry.

Competitive Insights

The Agriculture machinery market is highly fragmented and competitive due to the existence of prominent players along with some other medium or small-scale participants. Key players in the agriculture industry include Mitsubishi Agricultural Machinery Co. Ltd., AGCO Corp., Same Deutz-Fahr Group S.p.A. (SDF), Iseki & Co., Ltd., Kubota Corporation, Deere & Company Mahindra & Mahindra Limited.

Market Segment:

Product Outlook (Revenue, USD Billion, 2014 - 2025)

• Tractors
• Harvesters
• Planting Equipment (Revenue: USD Billion, Volume: Thousand Units, 2014 - 2025)
• Row crop planters
• Air seeders
• Grain drills
• Others
• Irrigation & crop processing equipment
• Spraying equipment
• Hay & forage equipment
• Others

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Flight Simulator Market Summary And Key Buying Criteria by 2024

19 Nov 2018 - By 2024 the global Flight Simulator Market is expected to reach $5.62 billion. Training programs that are critical mission based offer improved operation of aircraft, visual systems and helps in cutting down operational costs to offer experience of real world, act as major benefits of the system and are expected to open up newer market spaces over few years from now. The rightful importance that aircraft safety is experiencing is also one of the reasons for need of training to boost-up over 8 years.

Flight handling and other processes such as skill adaptability and awareness of situation may also be the reason for the growth of the industry. Also the increase in demand for effective and improvised training of pilots may become decisive. Research and development along with technological improvements are on all-time high in this industry leading to far better simulation products.
Improved products now come in packed with higher efficiency and greater ability to save fuel costs. Ever-modifying technology in this sector has resulted in the advancements of motion and visual systems for better smoothness which also is expected to drive the demand for simulators over the forecasted period.
Higher initial investments related to manufacturing and also the maintenance costs are the factors that can hinder the growth of this industry. Negative impact can also be faced due to physical environment limitation and behavioural fidelity. However in spite of all these factors, rising prices of pilot training costs, need to save the maintenance costs and ever-changing fuel costs will impact positively in growth. Recent developments in the field such as ECAM displays and aircraft logic which is realistic have significantly led to increase in usage of flight simulators.

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"FFS expected to witness substantial growth over the next eight years"

The two major segments of the industry are fixed flight training devices (FTDs) and full flight simulator (FFS) which accounts for 85% of the total revenue in 2015. High technical flight simulators that offer reliability and higher fidelity characterise the FFS. Accurate simulation is achieved by FFS in the environment that it works. Realistic training experience is created by FFS devices creating sound, motion and other visuals along with all other flight operations.

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FTDs have limited visual display. The sole purpose of these devices is to impart the knowledge of indicators and switches on the console. Low cost both for operations and purchasing is the only reason these devices find their way in the market.

"FFS expected to witness substantial growth over the next eight years"

30% of the total revenue in 2015 came from the segment of application which comprises of military and defence which is also expected to rise over forecast period. Simulators are used in war-intensive training by the military and defence.
Application in Civil aviation is expected to grow at CAGR of more than 4.0% over the 8 years due to increased adoption of flight simulators regular competency and training of the crew checking in order to retain the licenses of the crew.

"Asia Pacific emerged as the fastest growing in 2015"

25% of the total revenue in 2015 came from the region of North America and is also expected to rise due to significant growth caused by advancements in technology which has increased the adoption rate of the technology by the manufacturers. Also the strict regulations enforced by Federal Aviation Administration (FAA) which emphasise on use of simulators for training may boost the growth rate regionally.
High growth over the forecast period is anticipated from the region of Asia Pacific due to ever increasing demands of the devices in the nations particularly such as India and China. Entry of Chinese manufacturers in 2015 may also add up to the growth rate. On the contrary, North America will face a slower growth over the period 2016-2024, due to changes in the air safety policies along with more strict standards by FAA in the US.

"CAE accounted for more than 40% of the global market"

Lockheed Martin, CAE, Alenia Aeronautica, Boieng, Cassidian, HAVELSAN, Kratos Defense, HAVELSAN, L-3 Link Simulation and Training and Rockwell Collins are the major companies offering this product. Manufacturers prefer contracting the subcontractors and suppliers with prices and quantities and delivery timeframes for longer durations. Mergers and acquisitions are undertaken as a part of strategy by firms to make an impact with their presence.
Key manufacturers focus on tying-up with technology providers so that the product they offer is improved and the time for transit to market is reduced. Efforts are also being made by the suppliers to continuously improve Aircraft Simulation Technology (AST) so that a better product is offered.

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Automotive Vehicle-to-Everything (V2X) Market Restraint Analysis & Forecast by 2014-2025

23 Oct 2018 - Market size of global automotive vehicle-to-everything was USD 2.83 billion and it is expected to grow considering the feature like automobile safety and superior traffic management. The industry is moving towards sustainable growth. Vehicular communication system incorporates more specific type of communication such as V2I, V2V, V2P, V2D, and V2G. The convenience aspect of vehicles has increased due to safety features and communication technology. The consumer demands for safety has increased and it act as driver for this industry’s market growth.

Technological advancement has lead to driverless and automatic cars which is still under research stage and its commercialization is expected soon. Driverless transportability can be achieved with the help of V2X communication technologies. V2X is all about communicating with automobiles which will have potential threat like hacking and manipulation. Security feature thus become a important factor for growth of this market. This technology is based on WLAN and it works between vehicles within each other’s range. Key aspect for implementing these technologies will be a definite framework for its integration.
Rise in disposable income of people of various economies can be one driver for growth of automotive industry. India and china has seen a significant increase in sale of automobile in recent years. Traffic congestion have arise due to increase in n umber of passenger vehicle that also have lead to issues such as fuel consumption, emission and air pollution. These restraints for diesel engine can act as drivers for automotive V2X market
Communication Type Insights
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Safety features like Adaptive cruise control, lane change assist and blind spot are covered in automotive V2X communication. Real time traffic and incident alert are other parameters for increasing public safety.
This feature will become mandatory in future looking at strictness in safety regulations. V2X is expected to dominate market in upcoming period. By combining V2I and V2N communication we can solve traffic problem and emission issues. Facilities such as e-parking and automated toll payment will also observe a convincing growth.
Connectivity Type Insights
At present Dedicated short range connectivity (DSRC) is used in cars. The cost benefit of DSRC over cellular connectivity will drive this market. Ease of implementation on other hand will create opportunities for automotive market. Benefits can be decrease in number of accidents by providing real-time information to drivers with the help of sensor and connectivity.
Cellular connectivity can be used for covering large area but it has some limitations. It will require more time for deployment for covering considerable range. The hardware required in V2X technology is expensive. The V2X technology considering above points still have strong growth potential in near future. Synchronized real time data will be important factor of this segment.
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Vehicle Type Insights
Passenger car in this segment is predicted to dominate market as it did in 2015. Despite this the demand for commercial vehicle is high than passenger car. Boom in construction sector have increased commercial vehicle sale by approx. 6% from 2015 to 2016. Asia pacific has emerged a hub for automotive production.
The need for safety in Commercial vehicle is high due to more travel time that will drive the automotive V2X market. The growth rate will be 30% in this segment over the forecasted period.
Regional Insights
It is estimated that North America will have largest market share in automotive V2X market. Canada and U.S. in this region will adopt technology with ease due to its infrastructure and technological advancement. This region has approx. 26% of population of world running on road. High rate of greenhouse emission and traffic congestion are serious issues in this region. The implementation of V2X system will act as solution to these problems acting as important driver for growth of this market.
The automotive industry in Europe is governed by rigorous safety and emission norms. Features such as cruise control, blind spot detection and lane assist uses V2V communication and will enable growth of automotive V2X market in future.
Competitive Insights
At present the companies that have made great technological advancement dominate the market. Strong global presence and diversified product portfolio are two factor to hold their market share in automotive V2X industry. Delphi Automotive PLC (U.k), Continental AG of Germany, Qualcomm Inc of U.S, Cisco Systems are some major players in market among others. Different vendors offer different products and services. Mergers and acquisition will help them to cover large market share. In 2016, SAIC motors have signed an agreement with Savari Inc to manufacture and distribute V2X solution in China and ASEAN countries.
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Material handling equipment Market Restraint Analysis & Industry Outlook by 2025

12 Oct 2018 - The Global Material Handling Equipment Market size is anticipated to reach $41.1 billion by 2025. The market is projected to witness the high growth owing to the increasing manufacturing activities in the pharmaceuticals, chemical, food & beverages and automotive industries paired with safety concerns over the workplace. Moreover, a technological development like robotic arms, escalators, automation, etc. started an evolution in the industries which efficiently perform tasks with error free and time & cost saving manufacturing processes, may fuel the market growth.

The increasing demand for retrieval systems and automated storage in pharmaceutical, food & beverages, chemical, and automotive industries are expected to be a key driving factor of the market growth due to the adoption of equipment by manufacturers in warehouses as well as the distribution & production centers.

The product handling equipment reduces the cost as well as the risk of damaging a product due to manual transportation and processing activities. Trucks are the dominating segment of handling equipment and had the highest market share in 2015. However, retrieval systems & automated storage is likely to acquire significant market share over the forecast period owing to increased adoption of the automation systems across the APAC.

Product Insights

A variety of Automated, semi-automated, and manual material handling equipment lower the handling cost, shorten the delivery time and reduces the risk of damage and inventory. Thus, the adoption of material handling equipment is projected to upsurge.

End-use Insights

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The e-commerce industry is anticipated to persist as a leading and fastest growing segment of the end-use due to the rising adoption of material handling equipment for storage & transportation purpose in a warehouse. These mechanical products used for the movement of goods, storage, tracking products, organization of orders and protection of material. Thus, they reinforce the operational capability, handle warehouse activities efficiently, and streamline the supply chain.
The flourishing e-commerce and manufacturing industries like textile, chemical, automotive, food & beverage, and pharmaceutical inducing a demand for warehousing the goods for managing and storing purposes. Thus, material handling systems act as a key factor in managing external and internal manufacturing/warehousing operations. They are widely used in the automotive industry owing to lessen the labor intensity, improved production activities, and timely delivery of goods or material.

Regional Insights

Europe is one of the dominating regions with a significant market share in 2015 and estimated over 35% of the sector share. However, APAC is expected to grow at a CAGR of over 7% making the region a fastest growing market in the forecast period. The increase in the manufacturing facilities, paired with the expansion of the e-commerce and industrial sector in APAC, is likely to drive the material handling equipment market in the region. Moreover, the mounting importance of safety at a workplace in manufacturing and chemical industries is projected to increase the demand in the forecast period.

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The rapid global development of e-commerce and industrialization are projected to boost the demand for the market in warehouses. Moreover, Middle East, Africa and Latin America are anticipated to make massive investments in the material handling equipment market.

Competitive Insights

The market is highly competitive with the existence of major players and small vendors supplying a broad range of the equipment. Furthermore, the industry is witnessing joint ventures or acquisitions. For instance, in 2015, SSI Schaefer acquired MoTuM NV and included Automated Guided Vehicles (AGV) in its product portfolio.

Additionally, manufacturers are adopting automation to sustain in the market. At present, the sector is dominated by global players, like SSI Schaefer, Daifuku, Murata Machinery Ltd., Kion Group (Dematic), Mecalux S.A., and Vanderlande Industries B.V.

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