Battery Market for Electric Car Will Dominate In Coming Years

The automotive industry is constantly working to reduce the impact of carbon emission on the environment by focusing on the development of electric cars. Batteries are the heart of electric cars, which generate power in order to perform all functions of the cars. Different types of electric batteries are installed in electric cars. Using a battery in a vehicle provides advantages such as less pollution, as compare to an IC engine and diesel engine, reuse, and lower cost of charging. Stringent emission norms enacted by regulatory bodies in developed countries and rising demand for electric cars is likely to drive the battery market for electric car during the forecast period. However, cost is a key factor that is likely to hamper the battery market for electric car during the forecast period.

The battery market for electric car can be segmented based on battery type, car type, and region. Based on battery type, the battery market for electric car can be classified into lithium-ion battery and other two battery types. Lithium-ion battery has several advantages such as high energy density, no priming required, and low maintenance, which are expected to boost the lithium-ion battery type segment of the market during the forecast period.

Based on car type, the battery market for electric car can be segregated into battery electric car, hybrid electric car, and plug in hybrid car. Demand for battery electric cars has been increasing across the globe. Countries in North America and Europe are witnessing stable economic conditions, high percentage of urbanization, and increase in per capita income. These factors are anticipated to drive the battery market for electric car across the globe. Considering all these factors, the battery electric segment (BEV) is anticipated to dominate the battery market for electric car during the forecast period.

Request Sample For More Information@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=42218

Based on sales channel, the battery market for electric car can be segmented into OEMs and aftermarket. The aftermarket segment is likely to dominate the battery market for electric car owing to the high number of major suppliers providing their services. Cost, quick service, and availability are also likely drive the aftermarket segment during the forecast period.

Based on region, the battery market for electric car can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific holds a major share of the global battery market for electric car in terms of supply and demand. In terms of revenue, Asia Pacific is anticipated to hold a major share of the global battery market for electric car during the forecast period, owing to the high production of electric cars in the region.

Rapid expansion of the auto industry in countries such as China, Japan, and South Korea is likely to drive the battery market for electric car market in this region during the forecast period. The market in Europe and North America is expected expand at a rapid pace during the forecast period.

Read More Press Release@  https://www.prnewswire.com/news-releases/increase-in-aging-vehicles-on-the-road-to-propel-growth-in-roadside-assistance-market-from-2019-to-2027-transparency-market-research-301078527.html ​​​​​​​

Key players operating in the global battery market for electric car include A123 Systems, Automotive Energy Supply Corporation, Altairnano, Valence Technology, Inc., Electrovaya, Tesla, Johnson Controls, Li-Tec Battery GmbH, Axion Power International Inc., Gotion, Inc., and XALT Energy.

Read More

Electric Lawn Mower Market Pegged for Robust Expansion During 2019-2026

The electric lawn mower is a grass cutting machine equipped with revolving blades to cut grass at an even height. The electric lawn mowers are typically powered by a battery or a continuous electric power supply. Electric lawn mowers are utilized for domestic and commercial purposes in order to tend to lawns.

Consumer demand for quieter and more environmental friendly options is driving the demand for electric lawn mowers. Electric lawn mowers are more cost-effective as compared to gas-powered lawn mowers and hence, have gained increased preference. Carbon emissions and fuel leaks in the garden pose a risk to the health of garden plants. An electric lawn mower being a carbon-free machine is witnessing high demand from dedicated gardeners. Increased landscaping activities and popularity of green roofs are fuelling the demand for electric lawn mowers. Several corporate parks and residences are opting for greener spaces. The paradigm shift of people to avail green spaces within urban areas is driving the demand for electric lawn mowers. Electric lawn mowers run quieter, thus reducing noise pollution, which in turn is a major driver for commercial and domestic purposes.

Electric lawn movers with cords have limited mobility and hence, cannot cover a large lawn. Cordless electric lawn mowers run for a limited duration and are likely to require recharging, thus acting as a restraining factor for the market.

Request Sample For More Information@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=44279

The global lawn mower market can be segmented based on type, power supply type, blade type, and region. Based on type, the lawn mower is classified into four segments. Zero turn and robotic segments are estimated to expand at a high growth rate. Robotic lawn mower is a rapidly expanding segment. The robotic lawn mowers run autonomously and do not require human intervention. The robotic lawn mowers can also be controlled by smartphone applications are hence, are highly sophisticated. Zero lawn mowers can operate in a garden on an inclined terrain. They have front steering wheels with centered position batteries providing a stable ride.

In terms of power supply, the global lawn mower market can be segregated into corded and battery-powered lawn mowers. Battery powered lawn mowers are estimated to witness a high demand, as they have no supply cord limiting their area of operation. Technological advancements are estimated to improve their battery life and increase their performance, thus boosting their demand.

In terms of blade type, the global electric lawn mower market can be classified into two segments. The cylinder or reel mower has several blades at the front end that rotate to trap and cut the grass. Reel mowers have a compact design and are effective for short length grass trimming.

Based on geography, the global electric lawn mower market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Read More Press Release@  https://www.prnewswire.com/news-releases/electric-shavers-market-to-be-worth-us17-7-bn-by-2024-due-to-growing-attention-to-the-personal-grooming-states-tmr-300795707.html ​​​​​​​

Key players operating in the global electric lawn mower market include Husqvarna Group, The Toro Company, Deere & Company, Briggs & Stratton Corporation, MTD Products Inc., Ariens Company, Robert Bosch GmbH, Honda Motor Co., Ltd., Hayter Limited, Mean Green Products, Unison Engg Industries, and D&D Motor Systems, Inc.

Read More

Platooning Trucks Market Business Statistics And Research Methodology By Forecast To 2026

Platooning trucks are a set of vehicles that transit together and are in active co-ordination with each other. The trucks maintain a safe distance between each other by using various sensors and software.

Rising demand for transport and logistics and increase in trucking activity are primary drivers of the platooning truck market. The trend of intercontinental trucking in Europe and North America is expected to boost the platooning trucks market. Development of infrastructure such as national and international highways is anticipated to boost the market of platooning trucks.

Continuous efforts by governments to reduce greenhouse emissions is driving the platooning trucks market. Platooning trucks run efficiently, thus reducing fuel consumption and emissions and are hence, expected to boost the market. Rise in electrification of vehicles and development of connected vehicle technology are expected to boost the demand for platooning trucks. Fleet operators lose out on considerable amount of essential time owing to the rule of maximum driving up to 11 hours.

Request Sample For More Information@  https://www.prnewswire.com/news-releases/electric-shavers-market-to-be-worth-us17-7-bn-by-2024-due-to-growing-attention-to-the-personal-grooming-states-tmr-300795707.html

Platoon fleets are likely to take fewer halts and the drivers are expected to be able to log more hours, due to autonomous running of platooning trucks, thus boosting the revenues of fleet operators. Increasing competition among fleet operators and entry of major players such as Peloton Technology, Volvo Group, and Daimler AG in platooning trucks is expected to compel other operators to adopt platooning, thus expanding the market.

The initial costing of platooning trucks is high, as autonomous vehicle technologies are in the nascent phase. Trucking industry needs to comply with cyber security and safety regulations for working of crucial Dedicated Short Range Communication (DSRC) and networks. Platooning trucks can be plied on roads that can support autonomous vehicle driving and hence, poor infrastructure in developing countries is likely to hamper the platooning trucks market.

The global platooning trucks market can be segmented based on technology, fleet size, infrastructure, and region. Based on technology, the global platooning trucks market can be classified into DSRS vehicle to vehicle communication, Radar/LiDAR and image sensor, and two other segments. The DSRS segment is anticipated to play an instrumental role and high demand for platooning trucks is likely to be witnessed in the segment.

Based on infrastructure, the platooning trucks market can be bifurcated into vehicle to vehicle (V2V), vehicle to device (V2D), and Vehicle to infrastructure (V2I).

Read More Press Release@  https://www.prnewswire.com/news-releases/sparkling-growth-opportunities-await-for-food-processing-equipment-market-through-launch-of-innovative-and-efficient-equipment-5-cagr-across-the-forecast-period-of-2019-2027-projects-transparency-market-research-301086708.html ​​​​​​​

In terms of vehicle, the platooning trucks market can be classified into light commercial vehicle and heavy commercial vehicle. The heavy commercial vehicle segment, which includes trailers and tankers is estimated to hold a major market share of the platooning trucks market.

Based on geography, the global platooning trucks market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe and North America are anticipated to lead the global platooning trucks market due to supporting infrastructure and legal framework initiated in the U.S. and Europe regarding autonomous vehicles in order to push self-driving technologies.

Top players operating in the global platooning trucks market include Peleton Technology, Daimler AG, Scania, Navistar, MAN, and IVECO.

Read More

Automotive Block Chain Market Latest Review: Know More About Industry Gainers

Automotive block chain is an advanced technology that is able to collect vast data from vehicle, securely, and operating different functions in order to make life easier. An automotive block chain may include unlocking of cars, keeping records of traveling and journeys, leasing of car, and financial transaction of the vehicle such as parking fees, toll charges, software updates, and several others.

The automotive block chain technology can be considered as an ecosystem, which comprises secure data sharing. It is a decentralized technology and public record, which records the data of every vehicle transaction across several computers in order to maintain security of the data, such that the record cannot be changed retroactively unless the modification of all succeeding blocks and the permission of the network. The automotive block chain is a technological platform that tracks the vehicle record from its ownership to its traveling distance and vehicle’s current condition.

Automotive Block Chain Market - Drivers and Restraints

Increased digitization of vehicles, rise in adoption of advanced technology, enhanced vehicle-to-vehicle and vehicle-to-other connectivity, and necessity of a proactively safe operating system are primary drivers of the automotive block chain market. Block chains are transparent; hence, risk of any threat is significantly lower. It enhances the simplicity and speed of operations such as pay, purchase, and other transactions. Internet of Things (IoT) platforms are rapidly being adopted by advanced vehicles. This is also propelling the automotive block chain market, as the integration of IoT technologies with the block chain technology provides numerous advantages to users.

Request Sample For More Information@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=49095

Slow speed of operation is primarily restraining the global automotive block chain market. As the block chain technology is a decentralized technology, it is significantly slower than that of a centralized technology.

Automotive Block Chain Market - Segmentation

The global automotive block chain market can be segmented based on application, vehicle type, and region. In terms of application, the global automotive block chain market can be segregated into six segments. Vehicle unlocking/unlocking technology comprises permissioned block chain operated by vehicle manufacturers, in which vehicle owners can lock and unlock their vehicles with a private key. This function minimizes the risk of vehicle theft. Financial transaction is a widely used application of automotive block chain technology. In this application, the technology maintains all the currency-related transactions such as parking fee payment, toll tax payment, and other money transactions. Block chain technology is extensively being adopted for financial transaction applications, as it facilitates and simplifies financial record and transactions.

In terms of vehicle type, the global automotive block chain market can be classified into two segments. Passenger vehicles witness greater adoption of block chain technology in order to sophisticate the utilization of passenger vehicles. Ride-hailing and ride-sharing activities are primarily fueling the demand for block chain technologies across passenger vehicles.

Read More Press Release@  https://www.prnewswire.com/news-releases/financial-services-applications-spur-revenues-in-independent-software-vendors-isvs-market-estimated-to-spawns-whopping-revenues-of-us-4-077-72-bn-by-2027--projects-tmr-301090887.html ​​​​​​​

In terms of region, the global automotive block chain market can be segmented into five prominent regions. Europe and North America witness higher adoption of advanced and sophisticated technologies. Increased vehicle digitization, enhanced vehicle connectivity, increased demand for autonomous and automated vehicles, and consumer preference toward advanced technologies are driving the increasing adoption of automotive block chain technology across North America and Europe.

Automotive Block Chain Market - Key Players

Key players operating in the global automotive block chain market include BigchainDB GmbH, CONSENSYS, Ethereum Foundation (Stiftung Ethereum), Zug, Switzerland, Robert Bosch GmbH, ZF Friedrichshafen AG, IBM, Factom, and XAIN AG.

Read More

Automotive Aftermarket Component Market (2020-2026), New Solutions, Key Segments, Potential Targets And Recommendations

Aftermarket is a part of the automotive industry, which provides various services and components for different class of vehicles. The automotive aftermarket business is witnessing dramatic change owing to continuous innovation in technology in the automotive sector, increase in customer expectations, and competitiveness among aftermarket suppliers. Certain parts of the vehicle, such as tire, brake pads, suspension, filters, engine parts, electrical and electronics, and steering components, need to be replace periodically in order to maintain the vehicle in a good condition. Consequently, demand for aftermarket components is likely to increase during the forecast period.

Increase in purchasing power is likely to spur the demand for passenger as well commercial vehicles across the globe during the forecast period, which in turn is likely to boost the demand for aftermarket components during the forecast period. Increase in wear and tear of the parts, diagnostic products, services, and other parts is expected to drive the aftermarket component market during the forecast period. Major OEMs are expanding their business in automotive aftermarket components due to the significant opportunity offered by automotive aftermarket components. Therefore, the automotive aftermarket component market is likely to expand during the forecast period.

Based on component, the global automotive aftermarket component market can be divided into tires, engine components, brake and suspension components, steering components, electric and electrical components, and others. The tire segment is likely to dominate the automotive aftermarket component market. Tires are replaced after it clocks specified kilometers, thus the replacement of tires plays an important role in the segment holding a higher share of the market, in terms of revenue, as compare to other segments. The brake and suspension segment is expanding as the different parts of the brake system such as brake liner, brake pads are likely to need replacement after they wear out. Therefore, the demand for brake and suspension related parts is likely to boost the automotive aftermarket component market during the forecast period.

Request PDF Sample For More Information@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=49563

Based on vehicle type, the automotive aftermarket component market can be segmented into passenger vehicle, commercial vehicle, and electric vehicle. The passenger vehicle segment is anticipated to drive the automotive aftermarket component market during the forecast period owing the rise in production of passenger vehicles across the globe.

Based on region, the automotive aftermarket component market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. The market in Asia Pacific is expanding at a rapid pace owing to the considerably large customer base from different industries, such as automotive and agriculture, in the region. Significant expansion witnessed by the automotive industry in China, India, and South Korea is estimated to fuel the market in the region during the forecast period.

The booming economy in China and considerable increase in car ownership are likely to boost the automotive aftermarket component market in the country in the near future. The market in Europe and North America is likely to remain constant owing to sluggish expansion of vehicle production and increase in average age of vehicles in these regions.

Read More Press Release@  https://www.prnewswire.com/news-releases/sparkling-growth-opportunities-await-for-food-processing-equipment-market-through-launch-of-innovative-and-efficient-equipment-5-cagr-across-the-forecast-period-of-2019-2027-projects-transparency-market-research-301086708.html ​​​​​​​

Key players operating in the global automotive aftermarket component market include Continental AG, ZF Friedrichshafen AG, Denso Corporation, Aisin Seiki Co. Ltd., Delphi products and service solutions, Valeo, MAHALE aftermarket Inc., Schaeffler, Federal Mogul LLC, American Axel Manufacturing, Johnson Controls, and Dana Incorporated.

Read More

Home Gym Exercise Equipment Market Projections, Future Opportunities Recorded For The Period Until 2030

Home gym exercise equipment market has attracted sales on the back on increasing trend among worldwide young adults to engage in exercise regimens to meet various fitness goals. Gym membership has seen gradual rise in numbers in emerging economies over the past several years, both in relation to obesity and rise in disposable incomes. This has also motivated young and older adults to prefer the convenience of exercising at the precincts on their homes. Gym exercise equipment has become a key enabler as well as accelerator in adopting rigorous exercise plans to build muscles and physical stamina.

Home gym exercise equipment is used extensively in strength and cardiac training. Some of the product categories in the home gym exercise equipment market are multi-gymming equipment, strength training equipment, cardiovascular training, and combo training.

Are you a start-up willing to make it big in business? Grab an exclusive PDF Brochure for this report

Home Gym Exercise Equipment Market: Competitive Analysis and Key Developments

In the emerging economies, gym closures has pivoted the exponential rise in sales in the home gym exercise equipment market. Afton Fitness Equipment recent disclosed that its sales rose to four times in the two months post-lockdown in May and June in India, when compared to the number in pre-lockdown period. The spectacular sales of home gym exercise equipment during the COVID-19 lockdown has also been for other companies and regions, underpinning the rapid rise in revenue generation in the home gym exercise equipment market.

Treadmill and fitness cycle dealer Sri Raajalashmi Powermax Fitness Equipments has echoed the same euphemism regarding the rise in sales. Similar trends have intensified the competition in the home gym exercise equipment market. Top players are expected to augment their advertising spend. Moreover, they are keen on advancing the functionalities and features in gym exercise equipment. The enthusiasm is so high that in coming months, sales enquiries from residential users will surpass those by institutional and corporate buyers by a large margin.

Home Gym Exercise Equipment Market: Key Trends

Prevalence of obesity and chronic lifestyle diseases is one of the key drivers in the home gym exercise equipment market. The demand for personalized exercise routines has bolstered the prospects further, such as building a specific set of muscles. Increasing discretionary spending on gym memberships and fitness clubs has positively impacted the demand in the home gym exercise equipment market. Rise in virtual gym classes is a particular trend that has spurred the demand.

Focus on weight loss among populations in various demographics is one of the key trends fueling the sales in the home gym exercise equipment market. Growing popularity of elliptical machines is also boosting the home gym exercise equipment market. Growing use of digital cycling bikes and treadmills is bolstering prospects in the market.

Recent massive lockdowns due to COVID-19 has spurred the demand for home gym exercise equipment. In past few months, countries have seen the closure of gyms, and hence subscription amounts have plunged to all-time low. In the wake of this, people are preferring spending sizably on owning home gym exercise equipment. On the other hand, prices of several of the equipment has reinforced the revenue potential in home gym exercise equipment market.

For Right Perspective & Competitive Insights on Home Gym Exercise Equipment Market, Request for a Sample

Home Gym Exercise Equipment Market: Regional Assessment

Key regions where players in the home gym exercise equipment market are seeing growth are Asia Pacific, North America, Europe, and the Middle East and Africa. Of these, Europe has seen a considerable rise in sales and new product launches. Manufacturers’ focus to advance the technology has also cemented prospects in the regional market. The Asia Pacific home gym exercise equipment market is also replete with new opportunities, spurred by rise in virtual gym classes in urban areas in the developing economies. 

Read More

Footwear Market To Witness A Pronounce Growth During 2027

Transparency Market Research has published report on the global footwear market. The market is expected to grow at a pace of 3.0% growth rate during the forecast period of 2019 to 2027. With this steady rate of growth the valuation of the market will jump from US$ 235711 Mn in 2018 to US$ 307549.5 Mn by 2027. Based on the type of footwear, non-athletic footwear segment has been a dominant one in the global footwear market.

Major Brands are focusing on product innovation and mergers & acquisitions

Prominent manufacturing companies are anticipated to face healthy competition during the forecast period. Some of the leading companies in the market have had significant share in the market. A few global brands in the footwear market include names such as Nike Inc., Adidas AG, Bata Limited, Puma SE, Asics Corp., Jack Wolfskin, The Aldo Group Inc., VF Corp, Kathmandu Holdings Limited, Columbia Sportswear Company, Sympatex Technologies, and WL Gore & Associates Inc. among others. Companies are opting for mergers and acquisitions, and joint ventures with local players to expand their product portfolio. Producers in developing countries are focusing on reducing their cost of production and increase profitability for the sustainable growth of their business.       

Request a sample to get extensive insights into the Footwear Market         

Asia Pacific is considered the biggest market for footwear

On the basis of region, the global footwear market is divided into five key regions viz. North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Asia Pacific dominates the global footwear market. Increasing spending power, urbanization, and influence of latest fashion trends are some of the key reasons behind the growth of the footwear market in the Asia Pacific region. Moreover, the presence of two massively populated countries in India and China have opened up a huge market spaces for the leading players to tap into. Manufacturers and distributors are advertising their products on various mode of communications like television, print media and various other social-media platforms etc.

On the basis of distribution channel, the market has been classified into online channels, supermarkets and hypermarkets, independent retail stores, shoe stores, independent retail stores, textile retailers, and departmental stores. In the year 2018, online channels, independent retail stores, and supermarkets and hypermarkets collectively holds majority of the market in terms of value.

On the basis of end-use, the footwear market is divided into men’s footwear, women’s footwear, and kid’s footwear. Women’s footwear has been making significant contribution in the global footwear market. Women are frequent buyers of footwear from hypermarket, supermarkets, and specialty stores and also through e-commerce websites. Manufacturing companies are also spending on innovation of new designs of footwear to rise the penetration of women footwear in the forecasted timeline.

Asia Pacific region anticipated to surge in the forecasted timeline

In terms of geography, the footwear market is divided in this report into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America holds a major market of footwear in terms of value in the year 2018. The market of Asia Pacific is projected to expand at a significant growth rate in the forecasted timeline.

Stuck in a neck-to-neck competition with other brands? Request a custom report on Footwear Market

Prominent companies operating in the global footwear market are

• Adidas AG
• Nike Inc.
• New Balance Inc.
• Puma SE
• Asics Corp.
• Bata Limited
• Deichmann SE
• Skechers USA Inc.
• VF Corp.
• W.L. Gore & Associates Inc.

Read More