Automotive Fuel-level Gauge System Market to Witness Astonishing Growth by 2030

 

• Fuel level gauge, also known as fuel level sensor, enables drivers to monitor fuel consumption and helps determine when to refill the tank. The fuel gauge consists of two main components: the sensing system, also known as the sender, and the indicator also commonly referred to as the gauge.

Key Drivers of Automotive Fuel-level Gauge System Market

• Rise in per capita income among the population coupled with increasing urbanization and a rise in the demand for transportation of the population as well as consumer products is boosting the demand for vehicles. The automotive industry has been witnessing a surge in demand for both passenger and commercial vehicles for the last decade, driven by a surge of mobility services such as ride-sharing, vehicle-leasing, and vehicle subscription services owing to the flexibility, convenience, and affordability associated in these mobility models. This, in turn, has been propelling the demand for automotive and consequently, driving the automotive fuel-level gauge systems market.

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Challenges in Automotive Fuel-level Gauge System Market

• Electric vehicles are replacing conventional IC engine-run vehicles, this trend is estimated to act as a major restraint to the automotive fuel-level gauge system market. Several government organizations and regulatory authorities around the globe have enacted stringent vehicle regulations and standards pertaining to diesel engine-operated vehicles. This, in turn, has prompted automakers around the globe to announce their plans to phase out the production of diesel engine vehicles. For instance, on December 29, 2019, Mitsubishi Motors, a Japan-based automaker announced plans to eliminate diesel versions of its key car models by the end of 2021 and significantly reduce the size of its existing diesel vehicle business. Automakers are expected to shift their focus towards electric vehicles. The company plans to modify the current diesel production facilities for manufacturing electric vehicles. Additionally, in May 2018, Nissan Motors announced that they have already terminated development of diesel engines. Automakers including GM, Ford, and Volkswagen have also announced similar plans to stop diesel engine vehicle production across Europe and increase their capabilities in terms of manufacturing electric vehicles. Therefore, phasing out of IC engines is projected to act as a major restraint to the automotive fuel-level gauge systems market in the near future.
• The COVID-19 pandemic has affected national as well as international automotive supply chains, manufacturing and R&D operations, thus hampered the automotive industry. Post first wave of COVID-19 global economies have started opening up automotive manufacturing and supply chain operations. Thus, the COVID impact on the industry have seems to reach a state of normalcy; however, a resurgence in COVID-19 cases in countries across Europe has prompted governments to impose a second round of lockdown restrictions and hence, uncertainty in the automotive industry continues. A gradual recovery in the demand for automotive and ancillaries is anticipated in the next few months despite concerns around the risk of a second wave of infection in numerous countries and other geopolitical risks.

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Opportunities in Automotive Fuel-level Gauge System Market

• Technological developments and better design of fuel tanks, such as elimination of bends and reduction in variation in height, which impacts sensor accuracy, to +/- 1 mm verses the industry standard +/- 3mm for fitting of sensors in the vehicle, are aiding in precise measuring of fuel levels in the automotive vehicles and consequently, boosting the adopting of fuel-level gauge systems in more vehicle classes. This, in turn, is estimated to offer significant opportunity to the market.

Automotive fuel-level gauge system market in Asia Pacific to expand at a notable growth rate

• Asia Pacific is an expanding and major market for automotive fuel-level gauge system, owing to the rapid urbanization, increase in population, industrialization, increase in per capita income, surge in economic activity, development of road and infrastructure, expansion of the construction industry, and a rise in living standards. Furthermore, expansion of the e-commerce industry coupled with rapid expansion of the road logistics network are together boosting vehicle sales, especially in rapidly expanding economies such as China and India, thus driving the automotive fuel-level gauge system market.

Key Players Operating in Automotive Fuel-level Gauge System Market

The global automotive fuel-level gauge system market is moderately consolidated. A few of the key players operating in the global automotive fuel-level gauge system market are:

• Continental AG
• BorgWarner Inc.
• elobau GmbH & Co. KG
• Minda Corp. Ltd
• Pricol Ltd
• Robert Bosch GmbH
• Rochester Gauges LLC

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Automotive Engineering Service Providers Market Analysis, Trends and Prospect

 

• Automotive engineering service providers offer various engineering solutions and services to original equipment manufacturers and industries. The services offered for various automotive applications include chassis, vehicle interior and exterior, and safety systems.

Key Drivers of Automotive Engineering Service Providers Market

• Rise in demand for vehicle testing, introduction to artificial intelligence, and 5G connectivity are likely to increase the demand for automotive connected services across the globe. Major original equipment manufacturers across the globe prefer in-house vehicle testing for better results. In-house testing requires components including sensors and IoT devices, which is likely to boost the automotive engineering service providers market across the globe. Rise in demand for connected vehicles across the globe, which consist of simulation and testing of software, is also a key factor driving the automotive engineering service provider market across the globe.

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• Rise in competition between automotive service providers and component provider across the globe is likely to propel the automotive engineering service provider market across the globe. Major governments across the globe are supporting service providers to develop efficient vehicles, which is also anticipated to boost the automotive engineering service provider market across the globe. Rise in incorporation of electrification, connected services, and autonomous driving is likely to drive research & development services. This is likely to boost the automotive engineering service providers market across the globe.

Europe & Asia Pacific to hold significant share of global automotive engineering service providers market

• Europe is projected to account for a significant share of the global automotive engineering service providers market owing to an increase in investments by service providers and vehicle manufacturers across Europe. Europe has major presence of vehicle manufacturers, including Volkswagen AG and Daimler AG, which is likely to boost the automotive engineering service providers market across Europe.
• Followed by Europe, Asia Pacific is projected to hold a major share of the global automotive engineering service providers market due to an increase in vehicle sales across the region. Presence of major automotive manufacturing industries across China, India, and Japan, who are investing in engineering services, is anticipated to boost the automotive engineering service providers market in Asia Pacific.

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Key Players Operating in Automotive Engineering Service Providers Market

The global automotive engineering service providers market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the global automotive engineering service providers market are:

• AKKA Technologies SE
• AVL List GmbH
• Bertrandt AG
• Capgemini Service SAS
• EDAG Engineering Group AG
• HCL Technologies Ltd
• Larsen & Toubro Ltd

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Farm Tire Market to Exhibit Potential Growth

Transparency Market Research has published a new report titled, “Farm Tire Market [Application: Tractors, Harvesters, Implements, Irrigation, Forestry, Others; Tire Type: Radial and Bias; Equipment Horsepower: 0-80Hp and 80-200HP; Sales Channel- OEM and Aftermarket] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2025.” According to the report, the global farm tire market is projected to reach US$ 10 Bn by 2025, expanding at a CAGR of 4.94% during the forecast period.

According to the report, the global farm tire market is likely to be driven by a range of macroeconomic and industry-specific factors. Europe is expected to be at the forefront of global demand, with the market in the region expanding at a CAGR of 5.43% between 2018 and 2025.

Increasing demand for agricultural products led by rising population across the globe is anticipated to be a major driver of the farm tires market during the forecast period. Moreover, encouraging government policies, such as subsidies on agricultural products and agricultural machinery, are estimated to trigger the adoption of farm tires. Governments of developing countries, generally, provide attractive financing options with low interest and subsidies on farming equipment in order to augment the production of farms and to cater to the demand for food by the growing population.

Economic expansion has propelled the investment for the improvement of agricultural infrastructure across the globe, specifically across developing countries, which are witnessing heavy investment in agricultural equipment. This, in turn, is anticipated to boost farm tire market during the forecast period.

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Growing population is projected to fuel the need for agricultural products in the next few years. Since automation is the only way to increase agricultural productivity and meet the requirements of the growing population; demand for agricultural machinery including tractors, harvesters, Implements, and others is anticipated to rise significantly during the forecast period. Furthermore, the Chinese government provides subsidy on agricultural machinery. Greater encouragement for export along with expansion of the agricultural service industry are anticipated to boost the agricultural output during the forecast period. Rapid urbanization, surge in incomes, and increased demand for processed food are likely to boost agricultural activities, which in turn is expected to propel the use of various agricultural vehicles during the forecast period.

The study includes profiles of major companies operating in the global farm tire market. Key players in the market include Balkrishna Industries Limited (BKT), Bridgestone Corporation, Continental AG, MICHELIN, Mitas, TBC Corporation, Titan International, Inc., Sumitomo Rubber Industries Ltd., and Pirelli & C. S.p.A. Market players have been profiled in terms of attributes, such as company overview, financial overview, business strategies, recent developments, and manufacturing footprints.

The report provides the market size of farm tire for 2017 and forecast for the next eight years. The global market size of farm tire market has been provided in terms of value and volume. Market numbers have been estimated based on key application, tire type, equipment horsepower, and sales channel for regional segments of the farm tire market. Market size and forecast for each major Application, equipment horsepower, and tire type have been provided in terms of global and regional/country markets.

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In order to compile the research report, we have conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We have reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search on recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be a reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

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Pressure Relief Mattress Market Opportunity Assessments 2021-2030

 

• Pressure relief mattresses provide relief from body and skin sores. Pressure sores such as pressure ulcers, decubitus ulcers, and bedsores are treated using pressure relief mattresses, providing comfort to the user and relaxing the muscles and tissues. People who experience restricted mobility are subject to more risks of developing soreness and pain in the back, around the neck, hip bones, tailbones, ankles, and heels.
• Pressure relief mattresses help in reducing discomfort caused due to immobility. Increasing obesity problems are leading to the demand for better and fast pressure relief mattresses. The recent emergence of COVID-19 has created more demand for pressure relief mattresses since people are staying at home and are facing different heath issues due to inactiveness at home. Pressure relief mattresses consist of a mattress filled with air, water, gel, and foam inside.

Increasing demand from the healthcare sector

• Pressure relief mattresses are used extensively in hospitals and medicare centers etc. Demand for pressure relief mattresses are higher from hospitals, to be used on the beds in hospitals to ensure well-being of patients, and to offer care to people suffering from body pain around the shoulders, elbows, and bony surfaces such as sacrum. Furthermore, the growing number of orthopedic cases causing pain in joints, knees, and bones coupled with bone-surgeries have led to rising demand for the product. Patients suffering from long-term illnesses requiring to stay in bed for long hours, and bed bound patients, have accelerated the demand for pressure relief mattresses. Moreover, increasing healthcare concerns such as appropriate blood circulation, redness caused to the skin, and sleeping disorders have led to a rise in demand for the right range of pressure relief mattresses.

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Growing demand among the geriatric population

• Degeneration of joints in the lumbar spine is a common problem with old age population. The aging population is usually prone to osteoarthritis and spinal stenosis, resulting in lack of movement and stiffness, making daily tasks difficult. The rapidly growing elderly population along with increased life expectancy across the globe has generated demand for high-tech pressure relief mattresses such as kinetic beds, and dynamic air therapy beds. These mattresses quickly resolve the issues of sleeping, aggravate pressure points, and distribute the weight evenly on the mattresses. All these factors have propelled the growth of the pressure relief mattress market.

North America and Europe Considered to be the Largest Markets for Pressure Relief Mattresses

• In terms of geography, the global pressure relief mattress market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America and Europe are the main markets for pressure relief mattresses. The markets are anticipated to grow at a significant rate during the forecast period due to rising occurrence of high pressure injuries among the populace, prevalence of pressure ulcers, patients who need support, and frequent incidents of bedsores among patients in the U.S., Canada, and Mexico, Netherlands, and the U.K., which is projected to surge the sale of pressure relief mattresses in the near future.
• The market in Asia Pacific is anticipated to expand at a significant growth rate during the forecast period due to rising healthcare facilities, demand for better healthcare products, and a growing geriatric population in China, India, Korea, Japan, and other Southeast Asian countries. These factors are projected to surge the demand for pressure relief mattresses in the Asia Pacific region.

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Key Players Operating in the Pressure Relief Mattress Market

Leading players in the market are likely to face tough competition during the forecasted timeline. Big companies such as Hill-Rom Services Inc., Invacare Corporation, Paramount Bed Co., Ltd., and Stryker Corporation are manufacturing pressure relief mattresses globally and focusing on developing products that specifically meet the demands of consumers, such as products focusing on specific pain points in the body. The mattresses have been designed keeping in mind the consumers using the product such as elderly people, or people who are highly health conscious, or those with sore back problems.

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Spring Grip Market Latest Developments and Technology Advancements 2030

 

• Spring grips are primarily hand grips used to build the strength of hands, arms, and shoulders. The forearm contains two opposing sets of muscles; the flexors and the extensors attached to the forearm are responsible for the closing and opening of fists; they create a strong grip using spring grips. The spring grip tool is used by the hands and force is applied by four fingers for a movement on the grip. The material used to make spring grips are various types of steel; handles are made of wood, plastic, steel, aluminum, or alloy of aluminum.
• Spring grips do not come in an exact dimension; torsion spring fitted with two handles is used to join the two parts of the spring. Sometimes, spring grips are used by musicians to build up enough strength in each finger to apply correct quantity of pressure on their instruments. Typists can also benefit by using spring grips to make fingers swifter, and thereby improve the dexterity while working continuously. Spring grips can relax hands, muscles, and fingers when working for long hours.

Demand for spring grips in sports activities, exercising, and gymnasiums

• Spring grips are greatly demanded by people involved in building strengths while doing movement-based sports activities such as climbing, calisthenics, powerlifting, or professional arm-wrestling. In ball-based activities, baseball players require spring grips; badminton and tennis playing teams require to build hand grips for which spring grips are used. While exercising, very often the hands become sore and painful; many people carry spring grips while walking, jogging, and running, to maintain the shape of the hands and to let hands be in an active position and also to reduce soreness. In gymnasiums, a lot of exercising is done using hands, where machines are pulled, weight lifting is done, and big weights are carried using the hands. Spring grips have been used extensively by people in gymnasiums globally to help maintain fluid and blood circulation in bones, wrists, and elbows. All these factors have led to an increase in demand for spring grips across the globe.

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Increase in sale of spring grips through online mode of distribution

• Spring grips are widely used globally by millions of consumers owing to the rising comfort levels while performing multiples tasks. Awareness among customers is increasing due to their growing need to improve deftness of fingers, and improve resistance and endurance to pain, and for better functioning of wrists. These factors have encouraged consumers to buy spring grips online. Increase in trend of selling spring grip products through online distribution channels especially on company-owned websites and e-commerce websites such as Walmart, eBay, Amazon, and various other regional e-commerce sites across the globe has increased the sale of spring grips.

North America Considered the Largest Market for Spring Grips

• In terms of geography, the global spring grip market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America accounted for major share of the global spring grip market in 2019. The market in North America and Europe is anticipated to grow at a moderate rate during the forecast period due to rise in usage of spring grips in sports activities, increased number of gymnasiums, and focus on strengthening weak hands in the U.S., Canada, Mexico, U.K., Germany, France etc., which is projected to surge the sales of spring grips in the near future.
• The market in Asia Pacific is anticipated to expand at a significant growth rate during the forecast period due to rising urbanization, increased net disposable income, high demand for fitness equipment, and rise in consumer awareness about new market trends in developing nations such as China, India, South Korea, Japan, and other Southeast Asian countries. These factors are projected to surge the demand for spring grips in the Asia Pacific region.

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Key Players Operating in the Spring Grip Market

Prominent spring grip companies are facing competition in the market. It is sometimes tough for manufacturers to assemble parts and make spring grips. Also, spring grips should have a good quality grip to provide firmness and make hands stronger. Manufacturers such as Kootek, Synergee, Prohands, and MOCAP are working to enhance the quality of products, meeting the industry standards, and springs that last for long.

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Roller Shutter Market Competitive Insights and Precise Outlook 2026

According to a new research report by Transparency Market Research (TMR), a leading market research and intelligence firm, the global roller shutter market is reporting a significant increase in its valuation. The rising awareness regarding the benefits of roller shutters, such as insulation and additional security, among consumers is boosting the growth of this market. The increasing number of new households is fueling the demand for roller shutters across the world.

According to TMR, the global roller shutter market will proliferate at an impressive CAGR of 7.90% during the period from 2018 to 2026. The opportunity in this market is predicted to reach US$92.3 bn by the end of the forecast period. On the flip side, this market may witness a slowdown in growth over the coming years due to the high usage of colonial shutters. The advantages of colonial shutter, such as easy entry of bright light and reduced frequency of storms, limit the demand for roller shutters among consumers. Nonetheless, the increasing expenditure by several governments on improving infrastructure in emerging countries will balance the effects of these hindering factors in the long run.

Apart from this, the strengthening of economies is leading to increased spending on home renovation by owners, which is also expected to support the worldwide roller shutter market, states the research report.

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Europe Continues to Lead Global Roller shutter Market

In terms of the geography, the worldwide roller shutter market reports its presence mainly across North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific. In 2016, Europe led the global market with a share of 43%. Researchers predict this regional market to remain on the top throughout the forecast period, thanks to the rising number of nuclear families, resulting in increased number of households.

Among other regional roller shutter markets, Asia Pacific is expected to witness a considerable rise in their market spaces. Swift urbanization and industrialization will propel the Asia Pacific market in the near future. With the increasing population, the need to build new homes in urban and rural setting is rising as well. The rapid commercialization is also expected to boost the Asia Pacific roller shutter market, reports the study.

The report highlights key developments in the roller shutter market. Porter’s Five Force Analysis which identifies bargaining power of suppliers, bargaining power of buyers, threat from new entrants, threat from substitutes, and degree of competition is included in the report. Value chain analysis which shows workflow in the roller shutter market and identifies raw material service providers and distribution channels are covered in the report. Segment trends and regional trends are part of the report. It also covers segment-wise comparison matrix, incremental opportunity analysis, and market positioning of key players for all regions covered in the scope of study.

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Incremental opportunity analysis identifies and compares attractiveness of segments based on CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa, and South America along with all the countries included in these regions. The same has also been provided for the product segments.

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Outdoor Clothing Market Demand, Size and Business Outlook 2026

According to a new market report published by Transparency Market Research titled ‘Outdoor Clothing Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global outdoor clothing market is expected to reach US$ 19,639.0 Mn by 2026, expanding at a CAGR of 5.6% from 2018 to 2026. In terms of volume, the market is expected to reach 325,873‘000 units by 2026, expanding at a CAGR of 5.4% from 2018 to 2026. In terms of region, North America held the highest market share in the global outdoor clothing market in 2017.The market is segmented by regions into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

In North America, the number of women buying outdoor clothing is more than men. North America has a favorable outdoor activities culture, which is increasing the participation of women in outdoor activities along with men.The men outdoor clothing market segment is growing at a faster rate than the women’s segment. This trend is expected to continue during the forecast period.

Similar to North America, in Europe, the proportion of women buying outdoor clothing is more than men. Women’s participation in outdoor activities is increasing in Europe due to cultural factors and tradition. In Europe, the market for men’s outdoor clothing is growing at a faster rate due to increasing participation of men in outdoor activities. Going out for outdoor activities is part of European culture and this trend is expected to continue during the forecast period.

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As of July 2018, in Germany, the number of men (15-64+ years) and women (15-64+ years) are 34,194,533 and 35,939,222 respectively, holding 42.5% and 44.7% population share. In 2018, participation in outdoor activities in Germany is pegged at 15.2% which is expected to increase to 17.9% by 2023. Rising outdoor activities in Germany is increasing the demand for outdoor clothing products.

Unlike the population trend in North America and Europe, in Asia Pacific the percentage of men as outdoor clothing consumers is more than women. Penetration of outdoor activities in Asia Pacific is low compared to developed countries due to culture and tradition. In this region, participation in outdoor activities means an escape to nature. Rising adoption of western lifestyle, increasing millennial population, and rising disposable income is increasing outdoor activity participation in Asia Pacific. The large population of youth and growing outdoor activity participation is increasing the demand for outdoor clothing in the region. In the Chinese outdoor clothing market, online sales have affected brick and mortar sales.

The study provides a conclusive view of the global outdoor clothing market by segmenting it in terms of product type, consumer group, and distribution channel. In terms of product type, the outdoor clothing market has been classified into top wear, bottom wear, and others. Top wear outdoor clothing products are further subcategorized into shirts & t-shirts and jackets & hoodies. Bottom wear outdoor clothing products are subcategorized into trousers, shorts, and leggings & tights.

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The others product type category includes hand wear, head wear, gloves, warmers, etc. Based on consumer group, the market is classified into men, women, and kids. Based on distribution channel, the market is segmented into online and offline. The distribution channel for offline outdoor clothing products are further subcategorized into large format stores, specialty stores, and individual retailers.

The analysis of the above segments is based on present and forecast global demand for outdoor clothing products and prevailing and future trends in the global outdoor clothing market. We have analyzed the present and estimated regional market size of outdoor clothing products across North America, Europe, Asia Pacific, Middle East & Africa, and South America. The regional outdoor clothing market size is further broken down into country level markets in the following countries: the U.S., Canada, Germany, U.K., France, Italy, China, India, Japan, and Brazil.

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Steel Measuring Tape Market Latest Developments and Technology Advancements 2030

 

• A steel measuring tape is a portable device used to measure the size of objects or the distance between two points. It is a flexible metal strip made of steel or carbon steel. The steel measuring tape is majorly utilized in construction and woodworking industries. It is a basic hand tool available in various lengths that is employed for measurement. The steel measuring tape market can be segmented based on type, length, price range, distribution channel, end-use industry, and region. Expansion of the construction industry across the globe is estimated to drive the global steel measuring tape market.

Expansion of construction industry to fuel the global steel measuring tape market

• Rapid urbanization has fueled the construction industry globally. Rise in number of construction projects in commercial, residential, and industrial sectors is projected to increase the usage of steel measuring tapes for perfect measurements. Steel measuring tapes are used by civil workers, architects, interior designers, surveyors, etc. Utilization of these measuring tapes is increasing, as steel measuring tapes are the basic hand tools used by interior designers, architects, civil workers, etc., for measurement while working on construction sites. Expansion of the construction industry is estimated to ultimately fuel the steel measuring tape market in the near future.

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Technologically advanced products to offer significant opportunities to the global steel measuring tape market

• Presently, manufacturers are developing technologically advanced products such as LCD displays on steel measuring tapes that display the measurement. These advancements in products are expected to offer significant opportunities to the steel measuring tape market in the near future. Consumers are slowly shifting toward the use of technologically advanced steel measuring tapes, as they store data or information about recent calculated measurements.

Asia Pacific to lead the global steel measuring tape market

• In terms of region, the global steel measuring tape market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
• Europe includes the country-level analysis for U.K., Germany, France, and Rest of Europe. North America includes Canada, U.S., and Rest of North America. The South America steel measuring tape market can be segregated into Brazil, and Rest of South America. Analysis and forecast of the steel measuring tape market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Middle East & Africa covers the steel measuring tape market analysis for GCC countries, South Africa, and Rest of Middle East & Africa.
• Demand for steel measuring tape is likely to increase significantly in Asia Pacific from 2020 to 2030, followed by North America and Europe, due to considerably huge number of construction projects in the region.
• Leading manufacturers of steel measuring tapes have extensive distribution networks.

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Key Manufacturers Operating in the Market

The global steel measuring tape market is highly fragmented. Key manufacturers operating in the global market are:

• Stanley Black & Decker, Inc.
• Komelon USA
• Milwaukee Tool
• Starrett
• Tajima Tool Corporation
• U.S. Tape
• Keson

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Medical Footwear Market Set To Witness Surge In Demand Over The Forecast Period Of 2020 To 2030

 

• Medical footwear is designed and manufactured as therapeutic footwear and helps to deal with foot-related issues such as arthritis, bunions & hallux valgus, plantar fasciitis, and Achilles tendonitis. Some footwear are also designed for people having diabetes and flat feet.  Medical footwear ensures proper blood circulation and better support for the feet. The growing health concerns due to increasing foot related problems has fueled the usage of medical footwear among consumers.
• Various advantages of medical footwear over regular footwear is expected to eventually boost the medical footwear market. Increasing physical fitness activities (walking, jogging, cycling, climbing, etc.) has spurred the demand for medical footwear due to health-related concerns. Hence, the medical footwear industry is expected to have an increasing growth rate graph during the forecasted years.

Growing Awareness about Foot-related Concerns to Drive the Global Medical Footwear Market

• Improper wearing of footwear and socks in diabetic patients leads to over 21% to 33% incidence of diabetic foot ulcers. The International Clinical Guidelines for Diabetic Foot clearly states that proper footwear can reduce abnormal plantar pressure, reduce the occurrence of corpus callosum and ulcers, and prevent foot injuries. Researchers have designed and produced special footwear meant for different health-related problems with the development of science and technology. Increasing foot care awareness among people related to limiting the movement of the joints, strengthening the stability of the feet, and reducing pain has increased the usage of medical footwear, which is positively impacting the medical footwear market across the globe.

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High Cost of Medical Footwear to Hamper the Growth of the Market Globally

• Medical footwear is costlier than regular footwear. Poorly chosen and incorrectly fitting footwear can negatively impact health and contributes heavily to foot discomfort. The availability of low cost footwear can create hurdles for the growth of the medical footwear market. Awareness about medical footwear in emerging economies is slower and people tend to use regular footwear in these regions. However, innovative product designs and promotional & advertising activities of medical footwear can create better opportunities in the upcoming years.

North America to Lead the Global Medical Footwear Market

• In terms of region, the global medical footwear market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
• Europe includes the country-level analysis for the U.K., Germany, France, and Rest of Europe. North America medical footwear market country-level analysis includes Canada, the U.S., and Rest of North America. The South America medical footwear market is segmented into Brazil, and Rest of South America. Analysis and forecast of the medical footwear market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Middle East & Africa covers the market analysis for GCC countries, South Africa, and Rest of Middle East & Africa.
• The market in North America is likely to witness maximum demand for medical footwear from 2021 to 2030 due to rising disposable incomes and growing diabetic and orthopedic patients in the region.

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Key Manufacturers Operating in the Market

The key manufacturers operating in the global medical footwear market are as follows:

• DARCO International, Inc.
• DJO, LLC(Dr.Comfort)
• Gravity Defyer Corp
• Drew Shoe
• Horng Shin Footwear Co.
• Aetrex Worldwide, Inc.

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Brushed DC Motor Driver ICs Market Research Report 2021

 

• A motor driver IC is an integrated circuit chip used to control motors in autonomous robots. A DC motor driver IC acts as an interface between the motor and microprocessors in the robot.
• Brushed DC motor driver ICs are fabricated using a BiCD process that exhibits low output and helps to reduce power consumption with extensive supply voltage, output current, and channel count options.
• Brushed DC motor driver ICs have various applications in printers, scanners, robotics, HVAC blowers, gaming machines, and other applications.

Rise in Demand from Automotive Industry

• In terms of end-use industry, the automotive segment is expected to expand at the fastest rate during the forecast period in the global brushed DC motor driver ICs market.
• In the automotive industry, brushed DC motor driver ICs are majorly used in automobiles for HVAC blowers, radiator fans, sunroofs, wipers, and oil pumps.
• Brushed DC motor driver ICs have higher efficiency and longer lifespan. These properties are fueling their demand in the automotive industry.
• The industrial segment of the brushed DC motor driver ICs market is expected to expand at a substantial rate during the forecast period as these driver ICs are largely used in industrial automation processes, such as in tool machines and robots, logistics systems, food sector, and packaging.

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• The major factors that hinder the growth of the global brushed DC motor driver ICs market are high cost and global economic slowdown due to COVID-19.

North America to Lead the Brushed DC Motor Driver ICs Market

• In terms of region, the global brushed DC motor driver ICs market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America is anticipated to dominate the global brushed DC motor driver ICs market throughout the forecast period, as a large number of manufacturers of these driver ICs operate in the region
• Additionally, many well-established players based in North America are focusing on the development of new technology in brushed DC motor driver ICs, which is expected to boost the market in the region during the forecast period
• The brushed DC motor driver ICs market in Europe and Asia Pacific is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa, and South America is estimated to expand at a moderate pace during the forecast period.

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Key Players Operating in the Global Brushed DC Motor Driver ICs Market

Key players operating in the global brushed DC motor driver ICs market are focusing on technological advancements and expansion to meet the rising demand for brushed DC motor driver ICs. Moreover, key market players are emphasizing on strategic initiatives to enhance business and establish their manufacturing facilities.

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