Automotive Chassis System Market Set to Witness an Uptick the COVID-19 during to 2019-2027

Transparency Market Research has published a new report titled, “Global Automotive Chassis Systems Market (Component: Suspension ball joints, Cross-axis joints, Tie-rods, Stabilizer links, Control arms, Knuckles and hubs; Chassis system: Front axle, Rear axle, Corner axle, and Active Kinetic control; Vehicle type: Passenger vehicle, light commercial vehicle, heavy commercial vehicle, Off Road Vehicle, Construction equipment vehicle, Farm Vehicles- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.” According to the report, the global Automotive Chassis systems market is projected to surpass US$ 95 Bn by 2027, expanding at a CAGR of above 3 % during the forecast period.

Global Automotive Chassis Systems Market:

• According to the report, the global Automotive Chassis systems market is expected to expand at a CAGR of 3%, with rise in global production of vehicle
• Revival of economy with rapid industrialization in emerging economies of Asia Pacific and Rest of the World is anticipated to drive the automotive chassis system market during the forecast period

Expansion of Global Automotive Chassis Systems Market

• There has been an increase in construction activities in the developing countries of Asia Pacific and RoW. These construction activities depend highly on construction equipment vehicles. HCVs, and LCVs are also required for the transportation of raw materials from one point to another. Thus, these manufacturers of construction equipment vehicles need to constantly design the chassis system to suit the needs of construction activities in that particular area. This would fuel the demand for automotive chassis systems, thereby driving the market in the near future.

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Manufacturers of automotive chassis systems are investing significantly in research and development for innovation of the latest composite components. This would help in the manufacture of automotive chassis systems that are lighter and stronger. Latest innovative features such as automotive chassis sensors for the detection of any kind of malfunctioning of any of the components used in the automotive chassis system market are driving the market

• By vehicle type, the automotive chassis system market has been segmented into passenger cars, LCVs, HCVs, off-road vehicles, construction equipment vehicles, defense vehicles, and farm tractors. The passenger cars segment held the largest share of the automotive chassis system market in terms of revenue in 2018. Off-road vehicles such as dirt bikes and ATVs are popular among adventure lovers in North America and Europe. Furthermore, several sports activities are organized globally. This boosts the demand for off-road vehicles. LCV was the third largest segment of the automotive chassis system market, as these are the most preferred type of vehicles used for commercial purposes.

Regional Analysis of Global Automotive Chassis Systems Market:

• In terms of region, the global Automotive Chassis systems market has been segregated into North America, Europe, Asia Pacific, and Rest of World.  During 2018, Asia Pacific held the leading share of the global market followed by Europe and North America. Rising domestic demand of vehicles in China & India has boosted the automotive chassis system market in Asia Pacific region.

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Prominent players operating in the global Automotive Chassis systems market include American Axle & Manufacturing, Benteler International AG, Continental AG, Robert Bosch GmbH, and ZF Friedrichshafen AG.

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Automotive Engine Air Filter Market Set to Surge Significantly the COVID-19 During 2020-2030

According to the report, the global automotive engine air filter market is projected to reach ~US$ 700 Mn by 2030, expanding at a CAGR of ~2% during the forecast period. Increase in per capita income and spending power of consumers is prompting them to own vehicles, which is a key factor fueling the automotive engine air filter market globally. The adoption of automotive components that boost vehicle fuel-efficiency by automakers is anticipated to propel the demand for engine air filter and subsequently, drive the global automotive engine air filter market.

Expansion of Automotive Engine Air Filter Market

Several government organizations and regulatory bodies, worldwide, are establishing new vehicle standards and enacting stringent regulations pertaining to vehicle emission. For instance, in India, BSVI regulations is expected to be implemented from April 2020 onwards. Countries in Europe are adhering to Euro 6 vehicle standards, which mandate automakers to reduce vehicle emissions.

Engine air filter provides dust-free clean air to the engine combustion chamber, enriching the air-fuel mixture, which ensures complete burning of fuel, thereby reducing vehicle emissions. This, in turn, is driving the global automotive engine air filter market. Rich air fuel enhances the vehicle performance and improves quality of driving. The expansion of the e-Commerce industry is boosting the demand for shipping and transportation. This, in turn, is increasing the miles driven by vehicles. The vehicle engine air filter requires frequent replacement, as a vehicle covers more kilometers. This, in turn, offers lucrative opportunity to both OEM and aftermarket players operating in the global engine air filter market.

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Regional Analysis of Automotive Engine Air Filter Market

In terms of region, the global automotive engine air filter market has been segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In terms of region, Asia Pacific is likely to emerge as a highly lucrative market for automotive engine air filter, driven by the demand for passenger vehicles in countries including China, India, Indonesia, New Zealand, and Malaysia in the region. Moreover, China, in Asia Pacific, has well-established aftermarket that caters to the automotive industry. The well-established supply chain also serves the automotive industry. Moreover, collaborations among automotive engine air filter market players and automakers in Asia Pacific are further boosting the automotive engine air filter market in the region.

Rising trends toward electric vehicles globally is likely to hamper the automotive engine air filter market. Rise in revised taxes due to Brexit is likely to hinder production and sales of automobiles in Europe, which in turn is estimated to restrain the overall automotive industry in the region.

Key Companies in Automotive Engine Air Filter Market

Prominent players operating in the global automotive engine air filter market include A. L. Filter, ALCO Filter, Baldwin Filtering Medium, Cummins, DENSO CORPORATION, Donaldson Company, Inc., Fildex Filter Canada Corp., Filtrak BrandT GmbH, K&N Engineering, MAHLE International, Mann+Hummels, Nevsky Filter, North American Filter Corp., Robert Bosch GmbH, Siam Filtering Medium, Sogefi SpA, and UFI Filter SpA.

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The development of automotive components undertaken by several key players are likely to propel the automotive engine air filter market during the forecast period. For instance, major players, including Sogefi SpA and Filtrak BrandT GmbH, in the automotive engine air filter market are focused on developing cost-effective and reusable engine air filters that cater to consumer demands.

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Automotive Drive Assist System Market Poised to Expand at a Robust Pace Over the COVID-19 by 2019-2027

• Demand for connected vehicles powered by artificial intelligence to enhance driving experience of users is increasing. Governments of several countries across the globe are concentrating on enhancing passenger safety in order to reduce fatalities caused in road accidents. For instance, according to the data published by WHO, approximately 1.35 million people die each year as a result of road traffic crashes.
• In order to address vehicle safety concerns, several companies operating in the vehicle industry are installing drive assist systems in vehicles. For instance, vehicles are now equipped with advanced GPS systems to assist drivers. The market penetration of drive assist systems is expected to witness rapid growth in premium and mid segment vehicles in developed and emerging economies.

Key Drivers of Global Automotive Drive Assist System Market

• Rise in road fatalities globally, owing to driver negligence, lack of prior terrain knowledge, unexpected terrain shifts, especially off roads, highways, and expressways are driving the demand for vehicles with advanced safety features. Moreover, reinforcement of safety norms and standards by regulatory bodies and governments related to road travel have led to the development of advanced drive assistance systems. These systems warn the driver in advance, thus assisting in avoiding driving mistakes. This factor is projected to boost the demand for automotive drive assist systems, thereby increasing safety of passengers and reducing possibilities of road accidents.
• Major auto manufacturers, including ZF Friedrichshafen, Peugeot, BMW, Volvo, BMW, Audi, and Mercedes are offering advanced features in vehicles, such as traction control, automatic braking, cruise control, parking assist, distance alert using sensors supported with driver assist technologies that increases drivers’ alertness, and driver fatigue monitoring systems, which comprise cameras, biomedical sensors, and driver inputs. This is likely to augment the demand for drive assist systems in the near future.
• Several manufacturers are announcing the launch of IoT connected vehicles powered by AI, which will help in reducing drivers’ errors and improve performance using driver fatigue monitoring systems and driver alertness systems. This is likely to propel the demand for safety systems. Additionally, numerous collaborations among system manufacturers and OEMs are taking place to develop sophisticated and advanced systems to reduce road traffic accidents. These factors are anticipated to boost the global automotive drive assist system market during the forecast period.

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Passenger Vehicle Type Segment to Offer Attractive Opportunities

• Number of passenger vehicles on road is more as compared to commercial vehicles. Governments of developed and developing countries are planning to mandate pre-installment of drive assist systems in vehicles to enhance safety. For instance, automatic emergency braking and damage waiver for rental vehicles are being mandated by regulating authorities in Europe. All these factors are likely to fuel the adoption of drive assist systems.

Asia Pacific Automotive Drive Assist System Market to Witness Growth

• After North America, Asia Pacific is the most lucrative market for automotive drive assist systems, owing to economic development and increase in purchasing power of people in the region. The demand for luxury vehicles and safety features is propelling the growth of the market in Asia Pacific. Safety regulations are expected to be implemented in countries, such as China, Japan, and South Korea, in order to curb road fatalities. These factors are likely to drive the Asia Pacific automotive drive assist system market.

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Automotive Proximity Sensor Market Strategies and Forecasts 2027

• Proximity sensors are a type of motion detect sensors that recognize movement without physical input from sensing object
• Technological developments in the automotive industry, in terms of safety & security systems, hybrid vehicles, autonomous vehicles, and autonomous trains, which incorporate proximity sensors, are driving the market for automotive proximity sensors

Key Drivers of Global Automotive Proximity Sensor Market

• Autonomous technologies, such as parking assist system and ADAS, incorporate various sensors, including temperature sensors, motion detectors, photon sensors, etc. These sensors are vital to autonomous systems and generate necessary data required for efficient and accurate working.
• The demand for advanced driver-assistance systems (ADAS) that monitor, warn, and control braking and vehicle steering automatically is expected to rise, owing to regulatory and consumer interest in safety applications that protect passengers and reduce accident fatalities. For instance, the U.S. and the EU have mandated that vehicles must be equipped with autonomous emergency-braking systems (AEB) and forward-collision warning (FCW) systems by 2020. This is driving the market for automotive proximity sensors.

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Capacitive Proximity Sensors Segment to Hold Major Share

• Capacitive proximity sensors are low cost, low maintenance, reliable, and possess high power consumption ratings. Moreover, capacitive proximity sensors detect both metallic and non-metallic objects, which is an advantage over inductive proximity sensors that only sense metallic objects.
• Capacitive proximity sensors are used widely in applications such as connected cars, connected homes, intelligent transportation, etc. These factors are likely to drive the segment during the forecasted period.

Automotive End-use Industry Segment to Offer Lucrative Opportunities

• Connected vehicles and autonomous vehicles are key developments in the automotive industry. Economic developments increase per capita income of consumers, thereby increasing their standard of living. Increase in demand for luxury and comfort vehicles can be attributed to the rise in per capita income, which is another factor fueling the demand for autonomous vehicles. Vehicles incorporating AEB, ADAS, FCW, and PAS systems are driving the market for automotive proximity sensors.
• Technological advancements in countries like Japan, China and India have increased domestic production of smartphones. This, in turn, made them cheaper. Technologies, such as GPS, cameras, and displays, which use proximity sensors for motion detection, and location sensing in smartphones, have also become cheaper. These factors are projected to propel the growth of the global automotive proximity sensor market during the forecasted period.

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North America to Dominate Global Automotive Proximity Sensor Market

• Proximity sensors can ascertain the motion of objects in the vicinity of a vehicle and help AI systems to make appropriate decisions, thereby increasing their popularity in automation and the automotive industry
• The dominance of North America can be attributed to developments in autonomous vehicles, autonomous systems, and increased industrial automation in the region
• Rapid industrialization and economic developments in the Asia Pacific region are attracting investors in countries such as China and India. Moreover, increase in smartphone production, vehicle production, and their sales are fueling the market for automotive proximity sensors in the region.

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Water and Wastewater Pipes Market Statistics, Demand and Revenue 2027

The global water and wastewater pipes market is gradually turning into a lucrative stream of investment. The growth of this market over the past decade can be attributed to the stimulus of development generated across municipal bodies and corporations. The indispensable use of water and wastewater pipes across the expanse of cities and urban centers has given a thrust to market growth. Furthermore, planning and management of infrastructure across villages has also emerged as an important trend across several regional pockets. Therefore, the global water and wastewater pipes market is attracting revenues from multiple avenues. Investments in the water and wastewater pipes market are projected to fetch favourable returns in the coming years.

Transparency Market Research (TMR), in one of its syndicate reviews, looks into the leading drivers of demand within the global water and wastewater pipes market. This market can be segmented on the basis of end-use, material type, and region. The residential sector is a stellar consumer of water pipes, and has given a thrust to the growth of market vendors.

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Global Water and Wastewater Pipes Market: Notable Developments

The need for improved drainage, sanitation, and supply systems has led to key developments within the global water and wastewater pipes market.

• The New Plymouth Wastewater Treatment Plant, built in 1984, opened its doors to visitors in the first week of November 2019. The wastewater treatment plant is amongst the most important component of the drainage and sanitation system of the region. It treats millions of cubic meters of sewage water every year, and has a dense network of pipes. Developments across this plant have been a key driver of demand within the global water and wastewater pipes market.
• Texas is at the brink of advancement in terms of developing green pastures in central regions such as Harper and Canyon lake. Green pasture owners across these areas rely on investments from administrative authorities towards sewer pipes. As the government looks to address the needs of the owners, the water and wastewater pipes market in the region is projected to thrive.

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Some of the leading vendors in the global water and wastewater pipes market are:

• Atkore International Group Inc.
• JM Eagle, Inc.
• GF Piping Systems
• Tenaris S.A
• ThyssenKrupp AG

Global Water and Wastewater Pipes Market: Growth Drivers

Approval of High-Investment Drainage Projects

Governments and municipal bodies are making seamless efforts to improve drainage and sanitation across residential, commercial, and industrial units. Several regional authorities have approved high-investment projects that focus on developing a dense network of underground pipes for supplying water. Such networks also consist of separate pipes that dispose wastewater to the desired premises. The investments made by government authorities are expected to trickle down to the global water and wastewater pipes market. Besides this, the use of sensor technologies across pipe networks has also given a thrust to market growth.

Increasing Water Consumption across Multiple Sectors

The growth of the global water and wastewater pipes market is also related to increased sale of several real-time devices such as pressure measurement meters and pumps. The success of administrative authorities and governments is largely defined by their ability to ensure a regular supply of potable water households and commercial units. Moreover, water consumption across the industrial sector also necessitates the development of proper pipelines. Henceforth, the primary requirements of all the key sectors are suggestive of the need for improved water and wastewater pipes. Availability of improved materials for manufacturing pipes has aided the growth of the global market.

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Rolling Stock Market Business Opportunity, And Growth

Rolling stock means any vehicle that runs on a rail track. Electric locomotives as the name suggests run on electric power from fuel cell or battery or overhead lines. Diesel locomotives are run by diesel engine. The various types of diesel locomotives are diesel-pneumatic, diesel-steam, diesel-hydraulic, diesel-electric, and diesel-mechanical. High-speed are intercity trains moving at an average speed of 200 to 300+ km/h. Electric multiple unit (EMU) is a multiple unit train which is run by a self-propelled carriage using electric power. Diesel multiple units (DMUs) like EMUs is a multiple unit train run by on-board diesel engines. They can be diesel-electric (DEMU), diesel-hydraulic (DHMU) and diesel-mechanical (DHMU).

Generally EMUs and DMUs are used as passenger trains. Metros are mostly found in urban cities and are mass rapid transit trains. They are usually made of stainless steel or aluminum with automatic train supervision system (ATS) and automatic train protection system (ATP). Light rail vehicles (LRVs) or tram/ tramcar/ streetcar/trolley/ trolley car is a rail vehicle running on urban streets on tracks. Rolling stocks can be normal conventional locomotives or turbocharger locomotives. Rolling stocks also use maglev technology to move. Maglev is derived from magnetic levitation. Magnetic levitation is the process of suspending objects with no support other than a magnetic field. This is possible because magnetic forces act in opposite direction to earth’s gravitational force.  

By type, the rolling stock market is segmented into electric locomotives, diesel locomotives, high-speed trains, EMU, DMU, metro cars, LRVs, coaches, wagons, and track machinery. By locomotive technology, the market is segmented into conventional locomotives, turbocharge locomotives and maglev. By application, the market is segmented into passenger coach and freight wagon.

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By geography, the rolling stock market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is a prominent rolling stock market. The U.S. is the largest market in the region. Canada and Mexico are major markets in this region. Europe is another major rolling stock market. Germany is one of the largest rolling stock markets in Europe. The U.K., Spain, Italy, France, Belgium, Sweden, and Netherlands are other major markets in Europe. Middle East & Africa is a significant rolling stock market led by Saudi Arabia, Iran, Turkey, and South Africa. Latin America is one of the major rolling stock markets led by Brazil and Argentina. Brazil is the largest market in Latin America. 

Transportation of goods by rolling stock is better than other road transports as it is faster, cheap, and entails less insurance charges than road transport. Rising demand for goods transportation is driving the demand for rolling stocks. Additionally with rising population in cities, demand for rapid urban transport is rising which is driving the demand for rolling stocks. Rolling stocks such as EMU, DMU, etc. which are used as passenger trains are the cheapest mode of transportation. This is increasing the demand for rolling stock. Increased spending in rapid public transport systems by emerging economies across the world is increasing the demand for rolling stock.

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Commercial Seaweeds Market - Growth Opportunities Created By Covid19 Outbreak

Seaweed farming refers to the practice of harvesting and cultivating seaweed. Commercial seaweeds are very rich in minerals and vitamins. These vitamins and minerals are copiously used in a wide array of healthcare, personal care products, and foods. Seaweeds are kind of edible algae that come with extensive use across the food industry. The global commercial seaweed market is likely to witness sluggish growth over the timeframe of the forecast, from 2017 to 2025. Augmented demand for seaweed-based food items is forecasted to propel the growth of the global commercial seaweed market

DuPont de Nemours, Inc, CP Kelco, Cargill, Incorporated, Seasol international, Seawin Biotech Group Co., Ltd, and Acadian Seaplants Ltd. are some of the prominent companies found in the global commercial seaweed market.

Analysts at Transparency Market Research have prepared an all-inclusive report on the global commercial seaweed market for the period of 2017 to 2025. Utilizing extensive methods of research, experts at TMR have prophesized that the global commercial seaweed market is likely to witness moderate growth rate.

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Based on the regional segmentation, the utilization of seaweed as a delicious food item has a strong footprint in Asian countries like South Korea, Japan, and China. The demand for seaweed has also spread into the regions of Europe, Latin America, and North America. These days, however, seaweed is cultivated in almost all of the continents. Canada, Mexico, and the US are likely to witness considerable growth over the tenure of assessment, from 2017 to 2025.

It is prophesized that Asia Pacific commercial seaweed market will rise at a sound rate of growth of the period of assessment. Such growth of the market is owing to its extensive cultivation of commercial seaweeds.

High Content of Vitamins and Minerals to Open Up New Avenues of Growth

Seaweeds are a rich source of minerals and vitamins, which plays an important factor of growth for the global commercial seaweed market in years to come. Agriculture is a vital segment for the sustenance of livelihood for human beings. It is also important for maintaining the stability of the global economy.

It is extremely important to cater to the increasing demand for food and to meet up with the future requirement of food. Increasing global population has put tremendous pressure on food production. Such a rise in demand for food is likely to propel the growth of the global commercial seaweed market during the period of review.

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Technologies in the food industry coupled with various innovations have emerged supporting the agriculture sector. These innovations and technologies have made a foray into the cultivation of seaweed as well. Integration of advanced technologies plays an important role in the expansion of the global commercial seaweed market. Furthermore, increased application of commercial seaweeds in healthcare, animal feed, and fertilizers are expected to drive the market over the assessment tenure. The popularity of various seaweeds extracts like alginate, carrageenan, and agar has emerged as an important growth factor for the global commercial seaweed market.

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