Monday, 28 January 2019

Automotive Sector to Surface as Key End User of Lubricant Packaging Market

  January 28, 2019    No comments
The global market for GCC lubricant packaging is experiencing an intense competition among its well established players. Players in the market are using novel manufacturing technology to make the market more competitive. Players in the market are spending heavy amount behind research and development activities to manufacture efficient market product, thus expanding the product portfolio. Apart from these, players are focusing on product advancements and product innovation which is likely to help them to expand their customer base and product differentiation. Some of the major players in the global GCC lubricant packaging market are Saudi Can Manufacturing Company Ltd, Mold Tek Packaging Ltd, First Press Plastic Moulders Ltd., Neelkamal Plastics Factory LLC., and Duplas Al Sharq.

According to a recent study by Transparency Market Research, the global GCC lubricant packaging market is predicted to expand at a robust CAGR of 3.30% during the assessed period 2016 – 2024. The market which was worth at US$162.7 mn in 2016 is likely to be valued at US$210.4 mn by the end of the assessed period. The market on the basis of end user is classified into chemicals, machine industry, oil and gas, power generation, metal working, automotive, and other manufacturing. Of these, the automotive sector holds the majority of the share owing to significant rise in the automotive sector. Booming automotive industry sector to provide lucrative growth opportunity in the market. On the other hand, chemical industry will exhibit a decent rise in the coming years. On the basis of region, Asia Pacific is anticipated to held the majority share and is predicted to dominate in the future owing to presence of major player and increase in economic conditions of the nations in the region.

Stringent Environmental Rules and Regulation to Hamper Market Growth

One of the major reasons that is helping the market to move in the forward direction is the several initiatives undertaken by the government to promote non-oil industries. Government of several countries are spending hefty amount behind non-oil industries to help it become one of the potential source of income. This is likely to help the population rely less oil industries which experiences recurrent volatility in the crude oil prices. However, on the other hand it has been noticed that the strict environmental rules and regulation imposed by various governing bodies are predicted to deter market growth.


Booming Automotive Sector to Boosts Market Growth

Rise in disposable income and rapid urbanization have significantly change people’s lifestyle. This has made them prefer premium and luxurious product resulting in increase in demand for vehicles. Rapid advancement in technology and extensive research and development activities to meet the ongoing demand for vehicles are indirectly helping the market. Rise in demand for vehicles results in high demand for lubrications. Consumption of lubricant in semi-liquid, liquid, or solid form is linked with the automobile industry. Surge in demand for packaging products such as intermediate bulk containers which store lubricant including process oil, grease, gear oil, and engine oil which are used in daily operation of automobiles is likely to foster market growth.
Read More

Industrial Floor Scrubbers Market Size, Share, Growth,Trends Forecast 2025

  January 28, 2019    No comments
The analysts of a fresh business and commerce study by Transparency Market Research (TMR) have notified that the global industrial floor scrubbers market is largely fragmented in nature, a few player do hold slightly stronger position than the rest. The report has identified Bortek Industries, Wiese, Inc., and Hako Holding GMBH & Co. KG are three companies who were ahead of the curve in the world industrial floor scrubbers market in 2016, although the continuous inflow of new entrants will continue eat into their shares. For the market leaders, the key strategies are to expand their geographical footprint and concentrate on strengthening their research and development activities, consequently making it difficult for smaller players to compete in terms of technology, reliability of products, and price. Tennant, Nilfisk, Tornado, Comac, Fimap, iRobot Corporation, and IPC Gansow are some of the other notable players currently aspiring greater shares in the global industrial floor scrubbers market.

Global Industrial Floor Scrubbers Market to be worth US$6.62 bn by 2025

If the projections of the TMR report are to be believed, during the forecast period of 2017 to 2025, the demand in the global industrial floor scrubbers market will increment at an impressive CAGR of 8.5%. By the end of the forecast period, 2025, the analysts have estimated that the opportunities in the market will translate into a revenue of US$6.62 bn, considerably up from its evaluated worth of US$3.24 bn in 2016. In the near future, development of new products that ideally meet the diverse demands from the end users is expected to define the leader of an intensely competed vendor landscape.

Based on type, the report has segmented the global industrial floor scrubbers market into ride-on scrubbers, walk-behind scrubbers, and robotic scrubbers. As of 2017, the walk-behind scrubbers segment provided for more than half (51%) of the total demand, although the robotic scrubbers segment is primed to grow at a stronger CAGR during the said forecast period. This escalating demand for robotic scrubbers is a reflection of persistent aspiration of various industries to adopt automation methods that improve efficiency of monotonous procedures and hence achieve incremented production. On the basis of end-use industry, the market for industrial floor scrubbers has been bifurcated into healthcare and pharmaceuticals, transportation, hospitality, education, government, retail and food, and manufacturing and warehousing. Geographically, the report highlights North America as most lucrative region, which provided for 33.5% of the total demand, while Europe emerged as second-leading regional market the same year.


Flourishing Tourism and Hospitality Sector Driving Demand

The prosperity of the hospitality and janitorial industry is the primary driver of the global industrial floor scrubbers market, feeding off increasing number of tourists traveling to different parts of the world and depending on the hospitality industry for lodging purposes. For instance, Hotel operator Hyatt opened as many as ten new hotels across the world in 2016 and a number of its competitors are also expanding. Hotels and restaurants owners put particular emphasis on maintain cleanliness of their hospitality outlets including rooms and receptions and frequently resort to floor cleaning services to achieve optimum quality for their esteemed guests. Technological advancements that have paved way for efficient floor scrubbing and growing construction in non-residential sector are two other drivers of the global industrial floor scrubbers market.
Read More

Regular and Intensive Phases of R&D Characterize Multimedia Chipsets Market

  January 28, 2019    No comments
The multimedia chipsets market is intensely competitive, characterized by the high levels of competition among top players to constantly diversify their offerings in the two primary segments-graphics chipsets and audio chipsets, notes Transparency Market Research (TMR). The markets for both the segments features a fairly consolidated landscape with a vast scope of product differentiation. In the graphics chipsets market, the top three players-Advanced Micro Devices, Inc., NVIDIA, and Intel—held a combinedly whopping share of 98.2% in 2014. The top three makers of audio chipsets jointly held a substantial share of 69.4% in the same year, finds TMR. These leading players are Realtek Semiconductor Corporation, Qualcomm, and Cirrus Logic, Inc. These players are in constant pursuit of diversifying their products and are focused on developing innovative products for a variety of multimedia applications, in order to consolidate their shares in various regions.

Fueled by low investment required for entering the market, the threat of entry from new players is expected to intensify in the coming years, observes TMR. A number of players are collaborating with various chip makers and forming partnership agreements to bring down the high cost of setting of manufacturing units in the initial years. Competitive pricing and the development of high-performance multimedia chipsets are the key strategies adopted by several players to gain a competitive edge over others.

Witnessing ample growth opportunities in the gaming industry and accelerating adoption of multimedia chipsets in wearable devices, the global multimedia chipsets market is projected to rise at a CAGR of 6.6% from 2015 to 2023, in terms of revenue. Growing at this pace, the market is predicted to reach a valuation of US$40.99 bn by the end of the forecast period.

Regionally, currently Asia Pacific dominates the global market and is expected to retain its lead throughout the forecast period. The growth is expected to be driven by the substantial and steady demand for hand-held multimedia devices, IPTV, and set top boxes. Based on function, the market is led by the graphics chipsets segment and is predicted to remain so throughout the forecast period, primarily attributed to their growing applications in video streaming functionalities in consumer electronics.


Rising Wave of Next-Generation Smartphones and Wearable Devices Boost Market

The rapidly rising demand for cost-effective, highly functional hardware in a variety of mobile devices, including smartphones and wearable, is a key factor driving the market. The growing demand for feature-rich multimedia handsets in the areas of gaming and consumer electronics is vastly propelling the demand for advanced multimedia chipsets. These chipsets enable marked form factor reductions and high-quality video streaming in various wireless devices. In addition, their architecture enables multitasking on these multimedia devices, thereby bolstering their demand. The coming wave of sophisticated wearable devices and smartphones is a key trend expected to boost the multimedia chipsets market.  The rapidly increasing internet penetration in several emerging economies has further accentuated the demand for these electronic devices.

Increased Standardization of Hardware in Consumer Electronic May Limit Prospects 

The growing prominence of system-on-chip architecture has expedited the market for hardware components to mature faster, calling for increased standardization of hardware components. This further translates into high rate of commoditization. This has led a number of IT product development companies to focus on investing on new system software, rather than in chip making. These factors are likely to hinder the multimedia chipsets market to an extent.
Read More

Application Lifecycle Management Market Forecast by 2023

  January 28, 2019    No comments
Application lifecycle management makes a delivery of development, governance, and maintenance for application software. The major parts of application lifecycle management are build, design, requirements management, testing; and change, project, integration, and release management. The modern software development process is quite a complicated one. The traditional and conventional software development lifecycle (SDLC) has been applicable only to the process of development, whilst application lifecycle management works for the entire application lifecycle, from planning to deployment.

The players that are operating within the international market for application lifecycle management are developing a number of solutions for their customers in a bid to gain a competitive edge amongst other peers, as Transparency Market Research (TMR) states in its new study. Key application lifecycle management vendors that are operating in this market comprise eminent names such as Polarion Software GmbH, VersionOne, Inc., Atlassian Corporation Plc, Inflectra Corporation, HP Development Company, CollabNet, Inc., Parasoft Corporation, IBM Corporation, Microsoft Corporation, L.P., and Micro Focus International plc.

The international market for application lifecycle management generated revenues of around US$ 2.04 Bn in the year 2014 and is projected to expand at a growth rate of 8.9% CAGR over the period of forecast that extends from the year 2015 to the year 2023 so as to reach around US$ 4.39 Bn by the end of forecast period.

North America and Europe to Lead the Market Over the Period of Forecast   

The world market for application lifecycle management has been regionally segmented into the geographies of South America, North America, Asia Pacific, Middle East and Africa, and Europe. Out of all of these regions, North America and Europe are the major geographies that have been estimated to drive the growth of the world market for application lifecycle management market, states a TMR analyst.


Aging of the Systems Development Life Cycle Infrastructure to Trigger Market Growth

The fast uptake of various types of mobile devices and the growth in the number of browsers/platforms across the globe has generated the need of a creation of a large number of mobile applications that need an efficient application development lifecycle. The increasing number of mobile devices would also lead to multiplatform complexity, which in turn increases the demand for application lifecycle management solutions. The need for greater efficiency across various teams and augmented engineering productivity are also factors that have been driving the market for application lifecycle management across the globe.

Various challenges such as dearth of visibility in requirement management, lack of traceability between requirements and other artifacts through the software development lifecycle, and poor communication swell the growth of the application lifecycle management market. With application of lifecycle management in development, engineering, software, and quality assurance teams are more productive and make a delivery of quick output thereby augmenting the efficiency across the software development teams as well as accurate allocation of human and technology resources. The aging of the systems development life cycle (SDLC) infrastructure is also estimated to drive the market for application lifecycle management worldwide across various sectors.
Read More

Home Networking Device Market: Asia Pacific to Remain Most Lucrative Region

  January 28, 2019    No comments
The three leading players in the global market for home networking devices in 2014 were TP-Link Technologies Co., Ltd., ASUSTeK Computer, Inc., and D-Link Corporation. Their lead in this market is attributed to their greater focus on constant product innovation and a wide global distribution network.

According to a recently published report by Transparency Market Research, product development and innovation are essential for home networking devices providers to stay ahead of the curve in a technology industry that evolves by the day.

Armed with a CAGR of 7.0% within a forecast period from 2015 to 2023, the global market for home networking devices is expected to reach US$14.35 bn by the end of 2016 and US$23.23 bn by the end of 2023.

Wireless solutions not only continue to be the more popular solution in home networking devices, but the disparity between wired and wireless networking device revenues is expected to grow even further. By the end of 2023, the revenue generated by wireless home networking devices is expected to reach US$14.81 bn.

Routers have consistently been the leading home networking device components in terms of consumption. By the end of 2023, US$8.61 bn are expected to be generated by home networking device providers through the sale of routers.


APAC Leads in Demand for Home Networking Devices

By 2023, Asia Pacific is expected to generate a revenue of US$7.20 bn for its home networking devices providers. This region’s leading share in the global home networking devices market is attributed to its high population density coupled with the increasing disposable income among urban consumers.

North America is expected to lose part of its share to Asia Pacific due to an increased focus by home networking devices companies on emerging economies. North America, nonetheless, will continue to be a key contributor to the global demand for home networking devices.

High Demand for Home Connectivity Likely to Boost Need for Home Networking Devices

“More and more consumers are looking towards wirelessly connected devices operating within their homes. The scope of application of connected devices is increasing day by day, and so is the bandwidth that the devices can communicate on,” states a TMR analyst.
Read More

Mechanized Irrigation Systems Market: North America Serving Maximum Demand

  January 28, 2019    No comments
The global mechanized irrigation systems market has been envisaged in a report by Transparency Market Research (TMR) to bear a highly fragmented nature until the end of the forecast tenure 2016-2024. Several leading players could look to acquire new companies entering the industry. However, other business tactics involving new product launch, expansion, and agreement have been foreseen to be used in the market to gain a strong position in the coming years. Some of the prominent names operating in the industry are Lindsay Corporation, Jain Irrigation Systems Limited, Hunter Industries, EPC Industries Limited, and Driptech India Pvt. Ltd.

TMR has envisioned the global mechanized irrigation systems market to register a 14.9% CAGR during the aforementioned forecast tenure. By the final forecast year, the market could be valued at a US$35.0 bn. On the basis of type, center pivot irrigation systems have been projected to continue their lead in the market from the recent past. By region, North America could account for a lion’s share of the market in the near future.

Remedying of Low Agricultural Production Raises Demand

The need to rectify inefficient irrigation systems and low agricultural production to improve crop productivity has been prophesied to be one of the crucial factors enhancing the demand in the world mechanized irrigation systems market. Agriculture could play a significant role in positively impacting the economic development of a nation. A number of mechanized irrigation systems are used in agriculture for applications such as watering crops. Impact sprinklers, moving water nozzles, lateral move systems, central pivot systems, and sprinklers are some of the common watering systems engaged in agricultural activities.

The demand for mechanized irrigation systems has been foretold to gain momentum because of the decrease in resource costs. As a result, mechanized irrigation systems could be highly adopted for a range of applications including plantation and cultivation, besides agriculture. Low cost of irrigation followed by improved productivity, government investments and promotions, and rising awareness about the benefits of using mechanized irrigation systems in farming could be among strong growth factors of the market.


Consistent Maintenance Requirement Throws Wrench in Works

TMR analysts have identified two leading growth restraints of the international mechanized irrigation systems market: constant need for equipment maintenance and expensive initial investment. Although these restraining factors have been expected to hamper the demand for mechanized irrigation systems, there could be other factors creating robust growth opportunities in the coming years.

Water and food scarcity and aggressive population growth could strengthen the growth of the international mechanized irrigation systems market. High focus on minimum wastage and efficient usage of water and water resources in developed economies have been predicted to set the tone for a valuable growth of the market. The demand for mechanized irrigation systems could be increased because of several prospects introduced with the recycling of organic matter and increasing usage of wastewater treatments. Moreover, in order to reduce labor costs, mechanized irrigation systems are used to irrigate most gardens, lawns, and nursery crops.
Read More

Automotive Steering Wheel Market – Leather Steering Wheels Attracting Increased Attention from Consumers

  January 28, 2019    No comments
The automotive steering wheel market in India is fairly consolidated at present, with the top three players accounting for an estimated 60% of the overall market in 2014. Transparency Market Research has found that TRW Sun Steering Wheels Pvt. Ltd., Toyoda Gosei Co Ltd., and Autoliv have established a strong foothold in the automotive steering market in the country with the continuous development of new products and engaging in acquisitions.

“Product innovation is key in sustaining in this growing market and leading players have been consistently investing on research and development,” the author of the study observes. For instance, Toyoda Gosei launched an advanced steering wheel in October 2015. With vibrating indicators, this steering wheel lends the driver an alternate signal during unintentional drifting of the vehicle out of lane.

Aligning a company’s competitive strategies with ongoing technological shifts is also extremely crucial in a dynamic business environment and automobile manufacturers are focused on producing technologically advanced steering wheels to keep up with shifting trends.

Increasing Investments in Automotive Sector Benefit Steering Wheel Market in India 

The automotive sector in India is at a high and analysts predict that this industry will continue to experience rapid growth during the forecast period as well. “The growing demand for passenger and commercial vehicles will drive the demand for automotive steering wheels through 2023,” the author states. “Moreover, various automotive manufacturers have been investing heavily across various automotive components in order to maintain the increasing demand for automobiles and satisfy the safety needs of the consumers.”


In recent years, companies such as Autoliv Inc., Takata Corp., TRW Automotive Inc., and Toyoda Gosei Co have been investing in India to set up new production plants. Established manufacturers such as Fiat and General Motors have also upped their investments in setting up new production facilities across the country.

“Limiting the automotive industry in India are some persistent factors such as transportation demand management (TDM) initiatives to curb car congestion and reduce CO2 emissions, the taxation policy of the government, and fluctuating fuel prices,” the analyst states. These factors are sure to impact the steering wheel market in the country. 

Demand for Steering Wheels in Passenger Vehicle Segment to Expand at a Rapid Pace 

By value, the automotive steering wheel market in India stood at INR 634.9 Cr in 2014 and this is projected to reach INR 1,214.6 Cr by 2023, expanding at a 7.1% CAGR from therein. By type of material, the market was led by the polyurethane segment in 2014, reaching a value of INR 762 Cr by 2023 at a 7.0% CAGR. However, the leather segment is predicted to witness the fastest growth through the forecast period, registering a CAGR of 7.8% from 2015 to 2023.
Read More

Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...