Automated Parking Management Systems Market to Witness Huge Growth by 2026

An automated parking management system is a technique for mechanically parking and retrieving vehicles in order to accommodate the increase in demand for safe and convenient parking, as the number of vehicles increase day by day. In an automated parking management system, the driver parks the vehicle at the entry gate of the parking area, and from there, the vehicle is automatically moved through the parking lot and parked in an available parking space. The process of vehicle parking is carried out through robotics arms, sensors, conveyer belts, mechanical lifts, and computer control units. An electronic data transfer bus is used to transport from arrival level to parking space and vice versa, without any human interference for parking assistance.

Automated parking management systems reduce the width and depth required for a parking space and distances between vehicle parking spaces, since no allowance needs to be made for driving the car into the parking space or for the opening of vehicle doors. Furthermore, no driving lanes or ramps are required to drive the vehicle toward the parking place. The ceiling height required is minimal, since there is no pedestrian traffic in the parking area.

Furthermore, no walkways, stairways, or elevators are required to accommodate pedestrians in the parking area. These advantages are key drivers of the automated parking management system market. There is a general global trend of urbanization and centralization of financial districts, which attract a number of people to downtown areas. This continuously increasing influx of people gives rise to an ever rising need for parking spaces.

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Automated parking management systems are used to park vehicles automatically in parking spaces, which reduces human error in parking. They also reduce the time required for people to look for parking space in the parking lot. These beneficial applications of automated parking systems are likely to boost their demand, especially in suburban areas and financial districts. The global automated parking management system market is projected to expand at a CAGR of more than 13.00% between 2018 and 2026.

In terms of technology, the market can be segmented into sensor technology, mobile technology, RFID technology, and other technology. Demand for sensor technology is anticipated to increase significantly during the forecast period due to rapid industrialization in suburban areas and rise in technological advancements in automated parking management systems in the global market.

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Automotive Airbag Market Technological Advancement and Growth Analysis with Top Key Players

According to Transparency Market Research TMR, which is a market intelligence firm, players within the automotive airbag market are competing with each other and this is expected to increase the competition level and degree of competition. Players are also involving themselves in strategic mergers and acquisitions in order to make a mock for themselves in the market. Leading players operating within the global automotive airbag Market are: Autoliv, Takata Corporation, and TRW Automotive Holdings. Established players are competing with each other based on the following parameters: technology, performance, and praise. This competition among players has actually hit the market in terms of innovation, observes transparency market research.

According to Transparency Market Research (TMR), the Global Automotive airbag Market is expected to be worth US$29.72 bn by 2020. Asia Pacific is expected to be the key market for automotive airbag. The rapid rise in the economy, gains in the GDP,  and flourishing automobile industry are some of the factors behind the Asia Pacific automotive market. The rest of the world is also expected to witness high growth within Automotive airbag Market.

On the basis of type of airbags, this Market is segmented into side airbag, front airbag, the airbag, and curtain airbag. Of these, the front airbag is anticipated to lead in the market and cross US$15.21 bn by 2020. The demand for front airbags is increasing significantly especially in the developed Nations on account of stringent regulations regarding food safety. Since front airbags are also utilized in Luanne cars and middle and cars, the segment is flourishing.

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According to the report, the global increase in the number of road accidents is one of the key factors pushing the demand for automotive air bags. Increase in the number of accidents of also lead to the passing of several stringent road safety regulations by the government which in turn has accelerated the demand for automotive air bags. Several non-government organizations are also creating awareness campaigns related to road safety and precautions which in turn will benefit the automotive airbags market.

Initiatives taken by various bodies such as the national highway transport safety administration in the US, which has mandated the installation of air bags in passenger vehicles will go a long way to words driving the growth of the Automotive airbags market. Moreover, the rise in the awareness levels about safety among the people in the world will also help this Market to grow.

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Period Panties Market Emerging Trends, Value Chain And Key Players

According to a new market report published by Transparency Market Research titled “Period Panties Market (Type – Reusable and Disposable; Style – Boy Shorts, Bikini, Briefs, Hipster, Others (Thongs, Shorts etc.); Size – Small, Medium, Large; Distribution Channel- Online and Offline (Supermarkets/ Hypermarkets, Drug Stores, Convenience Stores, Retail Stores)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global period panties market was valued at US$ 67.2 Mn in 2017 and is expected to reach US$ 279.3 Mn in terms of revenue by 2026, growing at a CAGR of 17.2% from 2018 to 2026. Asia Pacific is projected to show the fastest growth rate during the forecast period due to the increase in number of period panty brands and strong product innovation among manufacturers.

The usage of period panties has increased across the Asia Pacific region. Period panties involve an advanced technology which help in fighting bad odor, and has the ability to absorb ten times more than the regular menstrual cups or tampons. This in turn makes period panties more effective for women and helps them stay dry for a longer duration. Additionally, several brands such as Relieved Gal and Intimate Portal Secret Agent also provide a pouch in front of these panties to keep a heating pad to ease cramps.

By type, reusable period panties have the highest growth opportunities as reusable period panties are eco-friendlyand can be used as regular panties. These panties can be washed and used over and over again. These factors are majorly contributing to the growth of this segment. Moreover, period panties can be used in combination with tampons, sanitary pads, or menstrual cups.

By style, the briefs segment is expected to maintain its market share as these style period panties are ideal for working women and athletes. Brief style period panties are also used for normal white vaginal discharge. These factors are expected to drive the brief style period panties market during the forecast period.

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By size, medium segment is expected to expand at the highest CAGR during the forecast period as compared to large and small size segment. The medium size segment is also expected to contribute highest market revenue over the forecasted period. The reason for the growth in medium size period panties segment is increased prevalence of obesity. Increased obesity is due to changes in food consumption, socioeconomic and demographic factors, lack of physical activity, and urbanization.

By distribution channel, the online distribution channel is expected to show the maximum growth rate during the forecast period. The reason for the growth is the rapid penetration of internet across the world, technological advancements, and rise in smartphone usage which is expected to accelerate the online store sales during the forecast period.

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Voltage Stabilizer System Market Opportunity Assessment, Key vendor analysis, Vendor landscape by 2024

The global voltage stabilizer systems market features a number of small and large players operating within regional markets as well as on an international level, making up for a market with an intense level of competition for market shares and growth opportunities, observes Transparency Market Research in a recent report. Companies determined to hold sway are focusing more on strategic collaborations, innovations, and expansion of their geographical outreach and product portfolios. Some of the leading companies in the market are Reinhausen Group, V-Guard Industries Ltd, Voltas Limited, Konar Group, and Siemens AG.

According to the report, the global market for voltage stabilizer systems will exhibit a promising 6.66% CAGR over the period between 2016 and 2024, rising to a revenue opportunity of US$25.39 bn by 2024 from US$14.11 bn in 2015.

Rising Interest in Building Automation in North America Provide Promising Growth Opportunities to Market

Of the key applications of voltage stabilizer systems covered in the report, the segment of building automation presently accounts for a significant share in the overall market and is expected to exhibit the fastest growth pace over the report’s forecast period. Applications of voltage stabilizer systems across the building automation area are expected to allow the global market a revenue opportunity of US$4.29 bn by 2024.

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Geographically, the market for voltage stabilizer systems in North America is expected to account for the dominant share of nearly 36% of the global market by the end of the report’s forecast period. Rising adoption of automation in residential as well as industrial spaces in the region will be the key to the increased demand for voltage stabilizer systems in the region in the near future.

Untapped Growth Opportunities in Power Distribution and Transmission Fields in Developing Economies to Drive Market

One of the key growth factors for the global voltage stabilizer systems market is the vast set of untapped growth opportunities in the field of power distribution and transmission in emerging economies of India, Russia, China, Brazil, and South Africa. The rising demand for regular electricity in these economies and the rising numbers of power distribution units to ensure reliable and efficient power supply are expected to play a key role in the potential positive expansion of the market over the next few years. 

Furthermore, the market in developed economies is expected to benefit from increased demand for replacement and upgradation of outdated elements in power distribution networks and infrastructures. Moreover, the rising global consumption of consumer electronics products such as air conditioners, televisions, computers, and refrigerators is also expected to drive the market.

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Freezer and Beverage & Wine Coolers Market Emerging Growth Analysis mad Business Opportunities 2022

The growth of disposable income generally improves quality of life and fuels the demand for chilled and frozen food and beverages. Such demand is also affected by changes in consumer habits. Improvements in the standard of living allow more people to eat out. This trend is reinforced by an increase in the number of restaurant chains and the rapid expansion of fast-food networks around the world, particularly in India, China, South East Asia, and Japan. These trends positively affect demand for commercial refrigeration equipment used for the conservation of food and beverage.

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Over and above the demand generated by the opening of new sales outlets, commercial refrigerators are used as displays, or ice cold merchandisers (ICMs) that offer a platform for visual communication and merchandising, thereby promoting impulse buying and facilitating brand recall. The concentration of populations in major urban centers and the increased participation of women in the labor market contributes to changes in eating habits. One such change is the higher consumption of frozen foods and refrigerated drinks.

Key factors driving growth of the freezer and beverage & wine coolers market include increased consumption of packaged foods and non-alcoholic drinks, growth of modern grocery retailers, and a boom in the tourism industry. With various advancements in refrigeration technology, freezer and beverage cooler products offer energy-efficient consumption and cost-effective energy saving solutions to achieve effective cooling and refrigeration for applications in various end-use sectors.

The market for SEA beverage coolers has been segmented on the basis of product types into beverage coolers and wine coolers. Beverage coolers was the largest segment in 2014, accounting for 58.3% share of the overall SEA beverage coolers market. The wine coolers market is estimated to be the fastest-growing segment, expanding at a CAGR of 7.8% during the forecast period from 2014 to 2022.

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Due to increased consumption of soft drinks and nonalcoholic cool beverages, there has been massive growth in demand for the installation of beverage coolers across the SEA region. The beverage cooler market is further segmented into beverage coolers and wine coolers. The SEA beverage cooler market was dominated by beverage coolers, with a market share of around 58% in 2014.

Based on the capacity range, the SEA freezer and beverage cooler market is segmented into 500 & above litres, 300 to 500 litres, 200 to 300 litres, and 200 and below litres. The growth of the service and hospitality sectors, including food chains, restaurants, and the tourism industry, as well as a change in consumer habits have led to a rise in the storage of frozen food and food-related products. In order to accommodate increased consumer demand, c-store owners, supermarkets, and other point-of-sale outlets are pitching for higher-capacity freezers, leading to a shift from traditional 200 & below liters to 300 to 500 liters and 500 & above liters capacities.

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Industrial Thermoform Packaging Material Market Emerging Growth Analysis mad Business Opportunities 2027

Industrial thermoform packaging materials are produced through thermoforming technique. There are three sorts of Industrial Thermoform Packaging Material forms in particular; vacuum, mechanical, and pressure. In thermoforming process, the plastic sheet is heat treated to a forming temperature and sent to the mold with a specified shape. With advancement in plastic supplies and manufacturing process, the requirement for Industrial Thermoform Packaging Material has expanded.

Market Overview:

Thermoplastic Industrial Packaging is strong and lightweight, and heavy gauge can store products 100 times of its own weight. The benefits of industrial thermoform packaging materials are these are light weight, solid, savvy, recyclable which make them environment-friendly, and provide stiff support, which is preferred by several brand owners which in turn has fuelled up the product sales.

Market Dynamics:

Industrial Thermoform Packaging Material Market size is expected to witness substantial progress owing to rising demand for packaging material in the F&B industry. Fluctuating preference toward the product, over wood and glass owing to moist free, odor free, light, and flexible properties will boost the Thermoplastic Industrial Packaging market demand. The components are quite versatile and cost effective which can be used in numerous industries like food & beverage, pharmaceutical, electronics and others.

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On the basis of type, Industrial Thermoform Packaging Material market is segmented into, clamshell, blister skin and windowed. Among types, blister packing has the maximum market share due to huge application in pharmaceutical industry as it prevents the product contamination and exposure from the external environment. Moreover, increasing demand for the product in F&B industry for packing certain products will rise the industry Industrial Thermoform Packaging Material market growth.

Based on heat seal coating, Industrial Thermoform Packaging Material market is segmented into water based, heat seal coating, solvent based, and hot-melt based. Among heat seal coating, solvent based heat seal coating will increase significant share in the industrial thermoform packaging material market due to strong bond strength and resistance to water and grease and can be processed at various temperatures.

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Stick Packaging Machine Market | Worldwide Demand, Growth Potential & Opportunity Outlook 2027

Stick packaging machine is majorly used by the food and beverage, pharmaceutical & nutraceutical, and chemical industries in volume production. Stick packaging machine is used for packing all kinds of fine powders, products and granules etc.  Moreover, coffee granules, coffee powders, healthcare products, tea powder, solid granules, energy drinks, sugar, electuary, and other powders etc.

Stick packaging machine market is anticipated to perform well soon owing to rising demand for on-the-go packaging, increasing production capacity, & rising demand for a customized machine for a specific application. With the growing demand of on-the-go meals, and ready to eat foods, the market is expected to grow. Stick packaging aids in minimizing the product display space and cost. Moreover, stick packaging machine delivers high value to customers, by enabling them to minimize investment, and expand capabilities, with little risk related to flexible packaging solutions.

Market Overview:

Stick Packaging machine can suit different sizes and requirement in the stick pack format and pack end format, specialized tear & round corner. Stick Packaging machine can be equipped with different filling systems to allow for many types of raw materials. The action of the Stick Packaging machine is managed by the computerized operator. All the Stick Packaging machine parameters are set through this operator. Stick Packaging machine is manufactured from a combination of materials that are suited to the operation outline i.e. stainless steel, aluminum and engineering plastics.

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Market Dynamics:

Rising demand for RTE (ready to eat) foods, and processed food due to hectic schedules, and changing lifestyle of consumers, has further surged the need for on-the-go packaging with convenience features such as portability, opening, and easy dispersal. Therefore, various prominent companies are offering products in stick packaging to minimize their overall production and distribution cost which indicates that the portable, convenient stick packaging is gaining popularity in the market.

Moreover, to provide the growing demand for packaged food, companies are developing innovative packaging solutions that help in maintaining freshness, enhance product safety, and shelf life of the products. These are some of the factors which are fueling the growth of stick packaging machine market during the forecast period.

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