Automotive Crankshaft Market: Key Opportunity, Application and Forecast to 2021

Transparency Market Research (TMR) has recently published a market study on the global automotive crankshaft market, estimating the market to expand at a CAGR of 2.10% during the period from 2015 to 2021 and reach a market value of US$3 bn by the end of the forecast period.The research report, titled “Automotive Crankshaft Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, states that worldwide automotive crankshaft market stood at US$2.5 bn in 2014.

The expansion of the worldwide automotive crankshaft market depends on the dynamics of the global automotive industry. Currently, the automotive industry is reporting an immense growth in the global arena, which is subsequently driving the global automotive crankshaft market. The huge capital required for R&D activities for the further advancement of crankshaft is, however, creating a severe challenge for the market, as per the report.The report analyzes the global automotive crankshaft market on the basis of the types of crankshafts, materials utilized, and the types of vehicles.

Based on types, the global automotive crankshaft market is classified into the markets for flat plane crankshaft and cross plane crankshaft. The flat plane crankshaft market is leading the overall market at present. Forged steel and cast iron are the primary materials utilized to make automotive crankshaft.The markets for light commercial vehicles, heavy commercial vehicle, sports utility vehicles (SUV), multi utility vehicles (MUV), passenger vehicles, and other vehicles are the major segments of the worldwide automotive crankshaft market on the basis of vehicle types. Among these, the market for passenger vehicles is likely to register the highest growth over the forecast period.

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The increasing disposable income among middle-class consumers has led to increasing preference for passenger vehicles, thereby fuelling the demand for automotive crankshaft to a great extent. In addition to this, the global market for automotive crankshaft is projected to experience a significant demand during the forecast period, owing to the escalating demand for diesel cars and heavy commercial vehicles across the globe, the report states.

North America, Asia Pacific, Europe, and the Rest of the World are the primary regional markets for automotive crankshaft. According to the report, the automotive crankshaft market in Europe led the global market in 2014 and was closely followed by the market in North America. High disposable income has raised the purchasing power of consumer in these regions, which has triggered the demand for automobiles and eventually, the demand for automotive crankshaft significantly.

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Commercial Vehicle Run-flat Tire Inserts Market: Regional Outlook, Competitive Strategies and Forecasts to 2025

Some prominent participants in the global commercial vehicle run-flat tire inserts market include Hutchinson Industries Inc., RunFlat International, TAC Run Flat Tire Systems, Bulldog Direct Protective Systems Inc., Briscoe Technologies Lasco International Group, Mas Makin Metal Ltd., Terra Track, and RunFlat CBR.

As per estimates by Transparency Market Research, the global commercial vehicle run-flat tire inserts market is expected to expand at a CAGR of 2.1% between 2017 and 2025. Progressing at this pace, the market which stood at US$308.1 mn in 2016 is predicted to be worth US$372.0 mn by 2025.

Military and Defense Application Segment to Remain Dominant through 2025

The global commercial vehicle run-flat tire inserts market has been studied on the basis of type, application, and geography in this report. By type, 20 inch holds dominance in the commercial vehicle run-flat tire inserts market as it has wide application area that is suitable for the majority of defense and military vehicles.

The key application segments of the commercial vehicle run-flat tire inserts market include transportation and logistics, military and defense, agricultural, manufacturing, construction, and others. Military and defense application stood as the leading application segment in 2016, and the segment is predicted to hold on to its dominant position over the forecast period.

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North America is the leading regional market for commercial vehicle run-flat tire inserts due to their higher adoption in several application areas, among which military and defense is the key one. Asia Pacific is expected to display the leading CAGR of 2.7% between 2017 and 2025.

Need for Added Safety of Military and Border Patrol Vehicles Boosts Adoption

At the forefront of driving the global commercial vehicle run-flat tire inserts market is the increasing demand for run-flat tire inserts from military and security units for emergency situations. Advancements in military and security units and increasing budgets of governments across the world for military security is displaying the demand for run-flat tire inserts for enhanced vehicular safety in the event of an adverse and emergency condition. Furthermore, increased threat of terrorism has compelled original equipment manufacturers (OEMs) to equip vehicles with run-flat tire insert systems, especially for the ones that are designed for critical applications.

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Freight Trucking Market Technological Innovations and Future Opportunities 2027

According to the report, the global freight trucking market is projected to reach ~US$ 6 Bn by 2027, expanding at a CAGR of ~5% during the forecast period. The growth of the freight trucking market can be attributed to increase in transport trade globally. In developing and major emerging economies, transportation of products and goods by means of roadways plays an integral role. Moreover, this mode of transport is cost-effective for door-to-door service owing to improved road infrastructure. This is anticipated to propel the freight trucking market during the forecast period.

Expansion of Freight Trucking Market

Surge in trade volume owing to rising bilateral trade among the countries is projected to boost the freight trucking market during the forecast period. China witnessed a surge in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% percent Year-on-Year.

Increasing industrialization and preference toward e-tailing is estimated to boost the freight trucking market. Online shopping is witnessing significant expansion owing to an increase in speedy internet access, which has led to a rise in preference toward e-tailing among consumers. Furthermore, convenience of shopping from home is projected to boot the e-commerce and drive the freight trucking market during the forecast period.

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Freight trucks are bigger, heavier, and bulkier vehicles, which makes road freight transportation comparatively slower and hence, hampers the freight trucking market. Additionally, massive backlog in proper maintenance is also a major factor that is likely to hinder the freight trucking market during the forecast period. Furthermore, toll roads or booths leads to massive loss of time, which results in slow transportation of freight.

Key Segments of Freight Trucking Market

Based on type, the freight trucking market has been segmented into truck trailer, lorry tank, flatbed truck, refrigerated truck, and others. Lorry tank and truck trailer are likely to be highly lucrative segments during the forecast period. This is primarily due to rise in trade volume from one region to another. The refrigerated truck segment is estimated to expand at a rapid pace during the forecast period, due to rising export and import of perishable goods across the globe.

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Cooking Hood Market - Rising Trends, Analysis With Top Key Players 2019 – 2027

• The global cooking hood market was valued at US$ 4,952.9 Mn in 2019 and is expected to grow at a CAGR of 4.7% from 2019 to 2027. Increasing expenditure on household appliances and increasing awareness about indoor health and hygiene are also expected to boost the global market of cooking hood in the near future.
• Europe holds a major share of the global cooking hood market, followed by North America. Awareness about overall safety, sanitation, and hygiene among consumers and food service center owners has propelled the demand for cooking hood in these regions.
• The cooking hood market in Asia Pacific is likely to expand at a notable growth rate during the forecast period, due to expansion of the catering industry and strong product innovation among cooking hood manufacturers in the region.

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Driving Factors

• Cooking hood is primarily preferred by the hotel industry, restaurants, and other food service establishments to wash glassware, pots, dishes, and utensils that are utilized to prepare or serve food.
• Rise in the number of hotels, restaurants, and cafes is a major factor driving the cooking hood market.
• Additionally, standards enacted by governments and various associations regarding cleanliness and hygiene are key factors boosting the attractiveness of cooking hood among consumers.
• Modern cooking hood contains upgraded technology and sensors, which offers several features that make cooking more convenient. Expansion of the cooking hood market in emerging economies due to rising income and changing consumer preference toward e-commerce are driving the business expansion of cooking hood manufacturers, which in turn is boosting the cooking hood market.

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Automotive VVT System Market Progresses for Huge Profits During 2018 – 2026

The global automotive VVT system market is expected to expand at a CAGR of nearly 4% between 2018 and 2026, according to a new research report by Transparency Market Research (TMR). According to the report, the global market is expected to be influenced by a range of economic, technical, political, social, and industry-specific factors. Latin America is likely to witness an increase in demand for VVT systems, with the market in the region anticipated to expand at a CAGR of 5% during the forecast period. The primary reason for the same is the recent rise in production of passenger and commercial vehicles in counties of Latin America. Latin America is likely to be less hampered by battery electric vehicles, as the adoption of BEVs is not prominent in the region.

Around 28% of the total global emission of greenhouse gas is contributed by the transportation industry. This emission leads to the increase of respiratory disorders among individuals. Global bodies have enacted stringent carbon emission norms on vehicle emission to avoid such cases of deteriorating human health, lower the carbon emitted by vehicles, and enhance IC engine life.

VVT systems help vehicles comply with such norms and hence, is expected to propel the overall automotive VVT system market. Development of battery electric vehicles is a cause of rising global carbon footprint, which is expected to hamper the IC engine vehicles market during the forecast period. Thus, it is likely to impact the demand for VVT systems. China 5 and Euro 5 standards are similar in context of the norms to moderate vehicle emission.

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New vehicles sold through January 2017 were implemented with China 5 standard for gasoline engine, and it is expected to apply to diesel engines since January 2018. China certified real-driving emissions inspection model based on the EU RDE guidelines with a few improvements. The VVT system helps an engine to incorporate such alterations in order to fulfil the norms.

The automotive VVT system market can be segmented based on valve train, fuel type, system, number of valves, valve actuation type, technology, methods, sales channel, vehicle type, and geography. The DOHC valve train system segment is anticipated to lead the market by the end of forecast period. It is expected to expand at a CAGR of 4% and in terms of revenue, the segment is expected to reach US$ 34 Bn by 2026. The gasoline fuel segment held a prominent share, and its market share is estimated to reach 81% of the market by 2026. This is due to the lowered carbon emission from gasoline engine vehicles.

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Tapping Sleeves Market to Record an Exponential CAGR by 2026

According to a new market report published by Transparency Market Research titled “Tapping Sleeves Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026,” the global tapping sleeves market is expected to reach a value of US$ 2,975 Mn by 2026. In terms of value, the market is estimated to expand at a CAGR of 5.2% during the forecast period from 2018 to 2026. In terms of volume, the market stood at around 1,815 thousand units in 2017. The Asia Pacific tapping sleeves market is projected to have the highest growth during the forecast period. The market witnessed considerable growth due to increased demand for pipelines for diverse applications.

The tapping sleeves market is influenced by market dynamics with the prime driving factor of increasing pipeline network in water distribution especially in developing countries. Out of the global network of pipelines, the U.S. stands at first position in terms of kilometers. These pipelines majorly transport fluids such as crude and petroleum products, natural gas, water, and sewage water.

On the other hand, one of the main challenging factors affecting this industry is the concentration of local players from the unorganized markets, especially in Asian countries. However, the tapping sleeves market is expected to provide opportunity to players who are catering to wastewater application as countries are increasingly focusing on sewage infrastructure.

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In 2017, based on materials, the steel segment accounted for market value of about US$ 1212 Mn in the global tapping sleeves market. This is because steel material ensures extra safety for larger diameter pipes and is hence used in this region due to major applications which require pipe reinforcement. In terms of segment, globally, 21-30 inches range of tapping sleeves is expected to expand at the highest CAGR of about 6.1% in terms of value.

As natural gas usage is improving, installation of lower diameter pipelines are rising, leading to increased sales of tapping sleeves. Additionally, transportation pipeline networks consisting of gathering systems use low pressure and small diameter pipelines. These factors are expected to showcase growth potential to tapping sleeves of 21-30 inches range. In terms of fluid motion, the liquid segment is anticipated to expand at a CAGR of about 5.8% in terms of value. Freshwater availability is expected to be strained with rising population explosion coupled with severe water stress.

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Medical Baby Monitoring Devices Market - A Latest Research Report to Share Market Insights and Dynamics

Transparency Market Research has published a new market research report titled ‘Medical Baby Monitoring Devices Market (Product Type: Video Monitor (Breathing Monitor, Movement Monitor), Audio Monitor (Breathing Monitor, Movement Monitor), Others (Sleep Tracker, Wall Mountable Stand); Connectivity: Wireless, Wired; Hardware: Camera (Room Temperature Sensor Camera, Motion & Sound Detection, Temperature & Motion Detection), Sensors (Under the Mattress, Diaper Attachment, Smart Wearable, Others (Camera Sensing, Non-wearable); Application: Hospital Care, Residential, Nursery) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026.’ According to the report, the global medical baby monitoring devices market is anticipated to reach US$ 1,577.2 Mn by 2026. The market is expected to expand at a CAGR of 6.0% from 2018 to 2026.

Based on product type, the medical baby monitoring devices market has been classified into video monitor (breathing monitor, movement monitor), audio monitor (breathing monitor, movement monitor), and others (sleep tracker, wall mountable stand). Demand for video movement monitors are expected to expand at a faster rate in the near future.

Increase in usage of smart baby monitors is projected to boost demand for baby monitors. In addition, rise in number of employed parents and increase in disposable income are key factors projected to fuel the growth of the medical baby monitoring devices market during the forecast period.

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In terms of connectivity, the medical baby monitoring devices market has been divided into wireless and wired. Due to increase in usage of wireless baby monitors, its market is expected to expand at a CAGR of 6.0% (2018-26). Parents are increasingly using video monitors with wireless connectivity network. This segment accounted for about 85% of the total medical baby monitoring devices market.

On the basis of hardware, the baby monitoring devices market has been divided into camera and sensors. Camera is a major hardware used in the global medical baby monitoring devices market. Usage of motion and sound detection cameras will rapidly increase in the near future, because the monitoring can be done even with basic cameras. In terms of application, the market is bifurcated into residential, hospital, and nursery. Residential segment is projected to expand at a CAGR of 6.3% (2018-26) during the forecast period.

Based on geography, the baby monitoring devices market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific is a dominant region of the medical baby monitoring devices market. The market in the region is projected to expand at a gradual CAGR of 6.8% (2018-26) in terms of value.

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