Friday, 24 July 2020

COVID-19 Outbreak: Tire and Wheel Cleaning Tools Market Impact

  • The automotive industry is growing consistently. Tire and wheel cleaning tools are the accessories or devices used to clean the dirt and stain from the wheels and tires of the vehicles. The use of these cleaning tools makes the wheels shiny and sparkling. The cleaning tools are majorly used at car servicing centers. The cleaning of wheels is essential to protect the wheels from rust spots and damage as the wheels are made from alloy-based metals. Growth of the automotive industry is expected to fuel the tire and wheel cleaning tools market across the globe.

Growth of Automotive Industry Expected to Fuel the Global Tire and Wheel Cleaning Tools Market

  • Tire and wheel cleaning tools are majorly used in automobile service centers. The cleaning tools remove the dust and dirt from wheels and tires. The tools make the task of cleaning tires and wheels easier. Growth in the automotive industry is expected to lead to increased usage of tire and wheel cleaning tools. Regular usage of bicycles, cars, and heavy duty vehicles requires the cleaning of tires and wheels to avoid rust on wheels. The tire and wheel cleaning tools market is thus likely to expand significantly due to major growth of the automotive industry.

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Technological Advancements of Tire and Wheel Cleaning Tools to Create Immense Opportunities 

  • Growing usage of motor vehicles is expected to fuel the tire and wheel cleaning tools market worldwide. Manufacturers are focusing on producing technologically advanced products such as automated tire and wheel cleaning tools. Automated tools help to perform tasks easily. These tools can be connected to the power source or can be battery-operated. Manufacturers are trying to design efficient battery-powered tools where users require to take minimum efforts compared to the manual tools. Thus, the development of automated devices is likely to positively impact the tire and wheel cleaning tools market.

Asia Pacific to Lead the Global Tire and Wheel Cleaning Tools Market

  • In terms of region, the global tire and wheel cleaning tools market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
  • Europe includes country-level analysis for the U.K., Germany, France, and Rest of Europe. North America includes Canada, the U.S., and Rest of North America. The South America tire and wheel cleaning tools market is segmented into Brazil, and Rest of South America. Analysis and forecast of the tire and wheel cleaning tools market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Middle East & Africa covers the Tire and wheel cleaning tools market analysis for GCC countries, South Africa, and Rest of Middle East & Africa.

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  • The market in Asia Pacific is likely to witness maximum demand for tire and wheel cleaning tools from 2019 to 2027, followed by North America and Europe.
  • The growth of the automotive sector is a major factor driving the Tire and wheel cleaning tools market.

Key Manufacturers Operating in the Tire and Wheel Cleaning Tools Market

Key manufacturers operating in the global tire and wheel cleaning tools market are:

  • Mothers® Polishes Waxes Cleaners, Inc.
  • MacNeil Wash Systems
  • 3M
  • Chemical Guys
  • Industrial Brushware Industries
  • Schroeder and Tremayne, Inc.
  • Brush Hero
  • Laxmi Brush Industries

Combine Harvester Market Emerging Trends, Highlights and Challenges Forecast 2030

Growing government support towards mechanization of agriculture is set to drive the global combine harvester combine market on an upward growth trajectory. As per Transparency Market Research, the growth curve would be steady and upward facing, owing to a sturdy compound annual growth rate, which is anticipated for the market. The vendor landscape with many regional and international players will witness players having a keen focus on technological advancement. As they come up with more innovative products, curve for the market would move higher. It is quite pertinent to note here that factors such as growing awareness regarding availability of such products and benefits of using these are also important growth propellers.

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Global Combine Harvester Market: Notable Developments

Over the forecast period, the global combine harvester market will be rife with notable developments. These would be an outcome of various growth measures deployed by market players.  A glimpse can be found below:

2018: CONVIO FLEX was launched into the market by CLAAS KGaA mbH in order to expand its product portfolio. These draper cutter bars are known for their high performance and are pushing competition among players in the market to a higher level.

2017: Kubota Corporation took its operations in China to full-scale, laying claim to a higher share of the market. This is driving other players to focus upon expanding geographic reach. In turn, this will lead other players to vie for a share in the revenue increase.

Top-tier companies present in the competitive and fragmented vendor landscape of global combine harvester market are:

  • Farm Equipment Limited
  • Preet Group
  • Kartar Agro Industries Private Limited
  • Agco Corporation, Mahindra & Mahindra Ltd (M&M Ltd.)
  • Claas Kgaa Mbh
  • Deere & Company
  • Sdf S.P.A. And Iseki & Co.,Ltd.
  • Kubota Agricultural Machinery
  • KS GROUP
  • HIND AGRO Industries
  • YANMAR CO., LTD.

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Global Combine Harvester Market:  Key Trends and Drivers

Extensive use of combine harvesters in agriculture keeps the market for these products buoyant. However, over the forecast, multiple factors will contribute to growth, pushing the market on a higher growth trajectory. A glimpse into top trends and rivers can be had below:

  • Awareness regarding better technology, and growing education levels of farmers regarding effective practices is leading to increase in demand for combine harvesters over the forecast period. This will help the market take on a steady trajectory. Government efforts such as those in providing subsidies for procurement of equipment are also contributing to this growth.
  • Technological advancement and new product launches are also marking the landscape of global combine harvester market, set to drive it forward over the forecast period. As efficiency and use gets better, demand for combine harvesters will witness an upward growth curve.

Global Combine Harvester Market: Regional Analysis

Latin America would be a significant growth contributor in the global combine harvester market as far as regional shares is concerned.  The high value growth will attract focus of key players towards itself over the forecast period. Players would contest claim on novel opportunities tooth and nail, driving the region on a higher growth curve.

Asia Pacific will also be a key region, growing at a lucrative CAGR owing to significant contributions from countries such as China and India. Extensive agricultural activities and growing adoption of state-of-the-art technology are leading to notable growth in the region. Government support also deserves a special mention in this market growth.

Thursday, 23 July 2020

Automotive Teleinformatic System Market Research Finding and Conclusion

  • Teleinformatic devices are used in vehicles to monitor and record vehicle travel data by utilization of the GPS navigation system and on-board diagnostics system in order to detect the exact location of vehicles. These devices also gather data about the driver, such as acceleration, speed, and routes taken while driving.
  • This data can be used by an insurance company to settle an insurance claim in case of accidental damage to the vehicle. A fleet management service provider can track the live location of vehicles and analyze the driving behavior of the vehicle driver in order to ensure safety of both passenger and vehicle.
  • Teleinformatic devices are either provided by automakers or can be installed from an aftermarket distributor or outlet

Key drivers of global automotive teleinformatic system market

  • Rising demand for fleet management services is likely to boost the global teleinformatic system market. The fleet management system is employed to organize and coordinate a fleet of vehicles such as cars, vans, trucks, forklifts, buses and to increase efficiency of vehicles and reduce operational cost. The system also enables compliance with government rules and regulations for the fleet of vehicles under management. The primary purpose of fleet management is to track vehicles by employing teleinformatic systems such as navigation system, communication devices, and audio/video recording devices. Increasing usage of fleet management services by oil & gas delivery services, car rental services, and repair & maintenance services is driving the global teleinformatic system market.

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Teleinformatic systems enable insurers to learn more about their consumers by acquiring information about their driving habits, including how often and fast a consumer drives a vehicles and does a consumer follow traffic mandates or not. Adoption of teleinformatic systems is rising in the insurance industry as well as utilization of the teleinformatic system through a smartphone is cost-effective and helps the insurer reduce the cost of insurance claims and identify fraud.

  • Teleinformatic systems in a vehicle help the owner to set a notification-based maintenance schedule. The maintenance token or task would be initiated according to number of miles driven or a specific duration after the previous maintenance carried on vehicle. This is estimated to ensure that the vehicle runs at optimum efficiency and delivers good performance owing to timely vehicle maintenance.
  • The time taken to locate a stolen vehicle is expected to reduce considerably owing to data recording and vehicle tracking functions available in a teleinformatic system. These factors are driving the market.

Stringent government rules and regulations to boost automotive teleinformatic system market

  • Several countries worldwide are focusing on strengthening rules and regulations regarding passenger and vehicle safety. For instance, all new passenger and commercial vehicles manufactured in Europe have pre-installed teleinformatic devices to enhance vehicle and passenger safety and security under various legislations, such as GLONASS in Russia and eCall in the European Union. Such initiatives are propelling the global automotive teleinformatic systems.

Rising trends of connected vehicles is driving the global automotive teleinformatic system market

  • Connected vehicles are equipped with navigation systems, dashcams, and various IoT devices to enhance the driving experience and safety of vehicles. For instance, PEUGEOT e-Legend concept car is estimated to incorporate cruise control, distance alert, advance cockpit, and mirror screen (a connectivity device), which features high-end applications of connected devices in the vehicle.

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Increase in consumer demand for luxurious, safe and connected vehicles is boosting the global automotive teleinformatic system market

Europe to dominate global teleinformatic system market

  • Europe is anticipated to account for a significant share of the global automotive teleinformatic system market, owing to the presence of numerous OEM and aftermarket players. Several manufacturers of teleinformatic system components are mostly based in Europe. Furthermore, a high number of technological research and development centers with state-of-the-art facilities are based in Europe owing to the presence of numerous OEM and aftermarket players in the region. This boosts the development and innovation opportunities for teleinformatic systems in Europe, thereby driving the global teleinformatic system market in Europe.

Toilet Seat Market growth, revenue & forecast 2030 | COVID19 Impact Analysis

Transparency Market Research delivers key insights on the global toilet seat market. In terms of revenue, the global toilet seat market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global toilet seat market report.

In this market report, TMR predicts the rising construction sector and home renovation activities to have a noteworthy impact on the overall toilet seat market. The growing trend of home modernization and renovation has increased the installation and usage of a variety of toilet seats. Massive migration to cities, increasing population, and rising middle class income are creating huge demand for real estate, which ultimately positively impact the toilet seat market globally. The growth of the business environment generates the need for infrastructure development. Rising government initiatives for better sanitation and increasing construction activities of community toilets & public toilets by governments are also major factors boosting the toilet seat market across the globe.

In terms of bowl shape, the toilet seat market has been segmented into elongated, round, and square. During the forecast period, the market is anticipated to be dominated by the elongated segment. In the report, based on raw materials, the toilet seat market has been categorized into plastic, wood, ceramic, urea molding compounds, and others. Rising demand for toilet seats made of urea molding compound is anticipated to drive the segment during the forecast period.

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Based on category, the toilet seat market has been classified into smart toilet seat and ordinary toilet seat. The smart toilet seat segment is anticipated to expand at a significant growth rate during the forecast period.

In terms of application, the toilet seat market has been bifurcated into residential and commercial. Increasing construction of commercial spaces such as shopping complexes, shopping malls, and offices has augmented the demand for toilet seats. Thus, the commercial segment is estimated to expand at a higher pace. In terms of distribution channel, e-Commerce or online stores are likely to be the area of opportunity for the toilet seat market during the forecast period. Asia Pacific has seen a surge in adoption of e-Commerce among consumers, which in turn has increased online retail sales.

Toilet Seat Market: Prominent Regions

Geographically, Asia Pacific led the toilet seat market in 2019 and the region is expected to retain its dominance during the forecast period. China and India are considered the major markets for toilet seats in the Asia Pacific region, although North America and Europe have been dominating the toilet seat market. The growing government initiatives such as Swachh Bharat Abhiyan in India and other initiatives worldwide are major reasons for growth of the market globally. Apart from Asia Pacific, African provinces also significantly contribute to the expansion of the global toilet seat market.

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Toilet Seat Market: Key Players

The competition landscape of the toilet seat market is highly fragmented with leading players accounting for nearly 25% of the revenue share. Key players operating in the global toilet seat market include AOSMAN SANITARYWARE CO.,LTD., Bemis Manufacturing Company, Ginsey Industries, Inc., Hamberger Sanitary GmbH, Huida Sanitary Ware Co., Ltd., Kohler Co., LIXIL Group Corp., Roca, TOTO Ltd., and Villeroy & Boch.

Heat-not-burn Products Market Trends, Region Wise Analysis of Top Players and Forecasts

  • Heat-not-burn (HNB) products are products which heat up tobacco by using a battery-powered heating system. The product is inhaled by the user via the mouth. The product contains an extremely addictive material i.e. nicotine.
  • HNB products also have non-tobacco extracts. They are usually flavored. Several types of HNB products are available in the market. A few examples include products that use loose-leaf tobacco, such as Ploom and PAX, and tobacco sticks, such as IQOS and glor.
  • Heat-not-burn products are also called heated tobacco products or non-combusted cigarettes

Key Drivers of the Global Heat-not-burn Products Market

  • Increase in adoption of technologically advanced cigarettes is likely to boost the global heat-not-burn products market in the near future. Users are becoming health conscious and increasingly sophisticated, with rising purchasing power. They are capable of differentiating between various brands.
  • The heating process produces a flavorful nicotine with vapor. While the tobacco does not burn, intensity of harmful chemicals is considerably reduced compared to traditional cigarette smoke.

North America and Europe are Dominating the Overall Market

  • In terms of geography, the global heat-not-burn products market can be divided into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)

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North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast for the heat-not-burn products market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the heat-not-burn products market analysis and forecast for GCC, South Africa, and Rest of Middle East & Africa. The South America heat-not-burn products market is segmented into Brazil, and Rest of South America.

  • North America and Europe are highly attractive regions of the global market, owing to presence of key players such as Philip Morris International Inc. and British American Tobacco in these regions. Youngsters are mostly adopting new and technologically advanced devices as a safe substitute for tobacco, which is likely to surge the adoption of heat-not-burn products in the near future.

Interactive Kiosk Market Size, Growth, Segments, Revenue, Manufacturers

According to a new market report published by Transparency Market Research titled ‘Interactive Kiosk Market (Type: Floor Standing, Wall Mount, and Others; End-use Industry: Retail & Hospitality, Financial Services, Healthcare, Media, Communication & Entertainment, and Government) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027, the global interactive kiosk market is expected to reach US$ 43,697.0 Mn by 2027, expanding at a CAGR of 6.1% from 2019 to 2027. In terms of volume, the global interactive kiosk market is expected to reach 8,140.6 ‘000 units by 2027, expanding at a CAGR of 5.8%. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.  

The interactive kiosk market in North America is mature and is the second-largest market globally. North America witnesses a significantly high number of non-cash transactions and this number is increasing owing to a surge in the use of interactive kiosks and ATMs. The U.S. dominates the interactive kiosk market in North America. In the U.S., as per the Diary of Consumer Payment Choice Report 2015 and 2018 by Federal Reserve, the market share of cash transactions have decrease to 30.0% in 2017 whereas share of debit and credit cards have maintained a market share of 45.0-48.0% between 2015 and 2017.

Interactive kiosks have been used for a long time in the U.S. Moreover, the versatility of interactive kiosks has been increasing for the last few years. A significantly high number of ATMs are in use in the U.S. Moreover, penetration of banking services is high in the U.S. According to the FDIC (Federal Deposit Insurance Corporation), survey in 2017: FDIC National Survey of Unbanked and Under banked Households, the share of unbanked households in the U.S. is only 6.5%. ATMs serve a major banking channel for consumers in the U.S. Consequently, the interactive kiosk market in the U.S is expanding.   

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Europe is the third-largest market for interactive kiosk, globally, and it is a mature market. Europe follows North America, in terms of number of non-cash transactions, globally. In Europe, the U.K., Germany, and France are prominent markets for interactive kiosks. The baking industry is mature in Europe, and ATMs are a major banking channel. Rise in card payment and mobile commerce is driving the demand for interactive kiosks. 

China is a prominent market for interactive kiosk in Asia Pacific, followed by Japan and India. In terms of ATM volume, China is a major market and accounts for more than 75.0% share of the global ATM market. India is also a prominent interactive kiosk market and demand for ATMs is increasing in India. In both China and India, rise in millennial population, increase in penetration of digital technologies, and government initiatives for financial inclusion are boosting the number of banking consumers. Consequently, banks are introducing ATMs in order to serve this large pool of new consumers. Japan is a major exception to this trend, as the number of ATMs has declined in Japan, as the cost and maintenance of an ATM in the country is higher than the fee it generates. The number of ATMs is expected to rise in other countries in Asia Pacific also, such as Myanmar, Bangladesh, and Pakistan. 

Middle East Africa (MEA) is a relatively minor market for interactive kiosk globally. However, countries in GCC (Gulf Cooperation Council), such as Saudi Arabia and the UAE, are witnessing an increase in the usage of interactive kiosks owing to a rise in globalization and entry of global retailers in the region. In terms of ATMs, countries in Africa, such as Algeria and Mozambique, are expected to witness expansion. 

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Brazil is a significant market in Latin America. Brazil accounts for a significant share of non-cash transactions across the globe. Rise in consumerism and banking penetration is driving the number of interactive kiosks and ATMs in Brazil.            

 The study provides a conclusive view of the global interactive kiosk market by segmenting it in terms of type and end-use industry. In terms of type, the global interactive kiosk market has been classified into floor standing, wall mount, and others. In terms of end-use industry, the global interactive kiosk market has been segmented into retail & hospitality, financial services, healthcare, media, communication & entertainment, and government.   

Adult Diaper Market Forecast and Driving Force

The global adult diaper market is likely to gain traction amongst the geriatric population who suffer from conditions like dementia, severe diarrhea, mobility impairment, and incontinence. An adult diaper refers to a diaper that is designed for adults and is necessary for them to wear under various conditions. Adult diapers come in different forms such as underpants, diapers, and sanitary napkins. Bodily wastes and liquids are absorbed by superabsorbent polymer, which is mainly used in the making of adult diapers.

Attends Healthcare Products, Inc., Kao Corporation, Unicharm Corporation, Kimberly-Clark Corporation, DSG International, and First Quality Enterprises are few names to reckon with in the global adult diaper market.

Transparency Market Research (TMR) has prepared an inclusive report on the global adult diaper market for the period of 2019 to 2027. Expanding at a rate of 6% CAGR, the global adult diaper market is poised for considerable growth over the tenure of assessment, from 2019 to 2027.

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North America and Europe are Expected to Remain at the Forefront of Market Growth

With growing acceptance of adult diapers in the region, North America is likely to witness considerable growth over the period of forecast.  Such prominence of the region in the global adult diaper market is mainly due to the growing acceptance of adult diapers, particularly amongst the aged population. Countries like Canada and the U.S. are estimated to add fillip to the regional market. Furthermore, some international travelers prefer adult diapers when it comes to travelling to countries with poor sanitation and toilet facilities.

Another region that is estimated to rise to prominence in the global adult diaper market is Europe. In the region, adult diapers have are likely to surpass the sales if baby diapers market in near future owing to the rapidly increasing population. In countries like France, Greece, Germany, and Italy the population for elderly people is increasing at an exponential rate. Japan in the Asia Pacific region is likely to witness high growth of the market as a considerable part of its population is over 65 years.

Expansion of the Online Retail Sector is Estimated to Bolster its Demand in the Market

The expansion of the global adult diaper market is likely to be driven by the rapid growth of the geriatric population with medical conditions like dementia, severe diarrhea, mobility impairment, and incontinence. In addition to that, growing awareness toward improved hygienic condition is another factor that is likely to favor the expansion of the global adult diaper market.

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Phenomenal expansion of the online retail market for various products including hygiene products is likely to add to the growth of the market in years to come. The expansion of the online retail sector is primarily ascribed to the cost effectiveness, better visibility of products, improved management of inventory, and growing reach of the customers.

Irrespective of such favorable trends, various factors like stigma and shame attached to incontinence, especially in the developing and under-developed countries are likely to restrict the growth of the global adult diaper market.

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 ...