Industrial Hose Market Forecast Report 2030: Revenue and Outlook by Industry Players

Transparency Market Research delivers key insights on the global industrial hose market. In terms of revenue, the global industrial hose market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global industrial hose market report.

In this market report, TMR predicts the rising vehicle production and growth of the industrial sector across the globe to have a noteworthy impact on the overall industrial hose market. Modernization in agricultural activity is anticipated to propel the sale of industrial hoses in the Asia Pacific region. Depending on the farm operation, companies are offering different hoses, which are more suited to the task. Furthermore, demand for cost effective and flexible ways of getting water into the farm is the primary requirement of farmers, and industrial hoses are bridging this gap, which is driving their demand.

In terms of type, the industrial hose market has been segmented into hydraulic industrial hose, pneumatic industrial hose, and others. During the forecast period, the market is anticipated to be dominated by the hydraulic industrial hose segment. In the report, based on material, the industrial hose market has been segmented into rubber, PVC, silicone, polyurethane, and others.

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Based on pressure, the industrial hose market has been segmented into high pressure, mid pressure, and low pressure. The high pressure segment is anticipated to expand at a significant growth rate during the forecast timeline.

Based on media, the industrial hose market has been categorized into oil, water, gases, steam & hot water, chemicals, food & beverages, abrasives, and others. The oil media segment is anticipated to expand at a higher pace. In terms of end user, the industrial hose market has been divided into automotive, construction, chemicals, oil & gas, food & beverages, pharmaceuticals, water & wastewater treatment, agriculture, marine, mining, and others. During the forecast period, the chemicals end user is anticipated to dominate the market. Asia Pacific has seen a surge in adoption of e-Commerce among consumers, which in turn has increased online retail sales of industrial hose.

Industrial Hose Market: Prominent Regions

Geographically, Asia Pacific led the industrial hose 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 industrial hoses in the Asia Pacific region, although North America and Europe have been dominating the industrial hose market. Apart from Asia Pacific, African provinces also significantly contribute to the growth of the global industrial hose market.

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Industrial Hose Market: Key Players

The competition landscape of the industrial hose market is highly fragmented with leading players accounting for nearly 25% of the revenue share. Key players operating in the global industrial hose market include ContiTech AG, Eaton Corp. Plc, Merlett Tecnoplastic S.p.A., The Yokohama Rubber Co., Ltd, Parker-Hannifin Corp., and Colex International Ltd.

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Real Time Store Monitoring Platform Market By Regional Trend & Growth Forecast To 2028

The real time store monitoring platform market may record steadfast growth in the forecast period of 2019-2028 on the back of the associated advantages such as prevention of consumer data loss, vendor fraud detection, identification of internal theft, etc. Real time store monitoring platforms are used by multichannel retailers primarily for efficient data management and for gaining a competitive edge in multichannel execution. The real time store monitoring platform enables proper viewing of all the store activity on a day-to-day basis and provides clear data on store performance.

The ongoing report on the real time store monitoring platform market analyses and displays a wide range of possibilities that can place the market shareholder on the path of growth even during unprecedented situations like COVID-19 pandemic. The report sheds light on vital components important for boosting the growth of the real time store monitoring platform market such as ongoing trends, competitive assessment, and regional outlook. The report presents an expert microanalysis of every aspect that can influence the growth rate of the real time store monitoring platform market positively.

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Real Time Store Monitoring Platform Market: Competitive Analysis

The real time store monitoring platform market is extremely competitive with many key players in the fray for acquiring the top place in the pyramid of well-established names. The players involved in the real time store monitoring platform market invest hugely in extensive research and development activities for achieving this goal. Mergers, acquisitions, collaborations, joint ventures, and partnerships also take place frequently for strengthening the market position. This aspect eventually benefits the real time store monitoring platform market in terms of growth.

• Renmark Holdings recently partnered with Chinese systems integrator, Hanvon Technology, for transformation of China Mobile’s 17,800 corporate stores into smart retail stores.
• Checkpoint systems launched a new system to assist retailers in viewing in-store occupancy. Employees and managers can access the information via cloud-based technology on tablets or any other device connected with the software.

Real Time Store Monitoring Platform Market: Key Trends

With cashier-less stores like Amazon Go gaining traction across the world, the real time store monitoring platforms play an important role in managing these types of stores. Observing the growing trend of such stores, startups are coming up with novel real time store monitoring platforms that support efficient cashier-less monitoring. For instance, Grabango, a startup has launched a real time store monitoring platform where the products in the store picked by the consumers are tracked through computer vision technology. While a consumer leaves a store, it automatically tallies the items and enables payment through the Grabango app, eliminating the need for cashier payment. Such technologies in the real time store monitoring platform market may gain considerable momentum in the near future.

The use of real time store monitoring platforms for dynamic pricing of the products through analyzing the overall market scenario is also picking pace as a vital feature. Price monitoring tools equipped in the real time store monitoring platforms are rapidly acquiring a place of importance as highlighters that convince an enduser for purchasing. Improving the overall store experience by providing offers and promotions on the basis of customer preference may also bring good growth opportunities for the real time store monitoring platform market.

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Real Time Store Monitoring Platform Market: Regional Assessment

The real time store monitoring platform market is geographically segmented into Latin America, the Middle East and Africa, North America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), and Japan. North America may serve as a growth leader for the real time store monitoring platform market owing to the rising number of cashless stores across the region and the growing influence of technology in the retail sector.

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Automotive Garage Equipment Market Future Challenges and Industry Growth Outlook by 2020-2026

Transparency Market Research has published a new report titled, “Automotive Garage Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” According to the report, the global automotive garage equipment market is projected to expand at a CAGR of 3.50% during the forecast period to reach US$ 8 Bn by 2026.

According to the report, the global automotive garage equipment market is likely to be driven by a range of macroeconomic and industry-specific factors. Asia Pacific is expected to be at the forefront of global demand, with the market in the region expanding at a CAGR of 3.74% between 2018 and 2026.

The global automotive garage equipment market is witnessing steady growth. Rise in urbanization and surge in sales of vehicles in various countries have increased the overall vehicle miles driven globally by approximately 2% to 4% in the past few years. This, in turn, has propelled the usage of passenger cars which is anticipated to augment the global automotive garage equipment market during the forecast period. Growth of the market is attributed to the booming automotive sector across the globe. Increase in awareness about vehicle maintenance and vehicle safety among vehicle owners is likely to drive the global automotive garage equipment market during the forecast period. Rise in preference for vehicle customization and increase in number of vehicle maintenance & repair garages, technical inspection centers, and body shops are likely to drive demand for garage equipment from 2018 to 2026.

The global automotive garage equipment market has been segmented based on garage type, equipment type, and vehicle type. OEM dealerships are taking aggressive steps to expand their market activities. These are increasing authorized dealerships and service centers in order to enhance customer service. Consequently, expansion of the OEM dealership segment is likely to drive the market during the forecast period. Furthermore, reduction in prices of vehicle parts and increase in availability of the parts in cheap price reduces the repairing work. These factors are likely to “hamper the growth of the independent garage segment during the forecast period.

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Based on vehicle type, the global automotive garage equipment market has been bifurcated into passenger vehicles and commercial vehicles. In terms of revenue, the passenger vehicles segment accounted for a major share of the market in 2017. Demand for vehicles is increasing across the world. Increase in the number of vehicles globally can be ascribed to the rise in global population. Countries such as the U.S., Canada, and regions such as the EU have witnessed high percentage of urbanization and stable economic conditions. Rise in preference for SUVs among the younger generation owing to sporty and powerful ride increases demand for such vehicles. This in turn is likely to boost the passenger vehicles segment in these countries and sub-region.

Wheel & tire equipment play an important role in the service of a vehicle in OEM dealerships and independent garages. These include wheel balancers, wheel aligners, tire changers, and other components. Increase in electronic complexity, less runtime to diagnose fault, and rise in importance of emission control have increased demand for vehicle diagnostic & testing equipment. The new program for greenhouse emission was developed by the Environmental Protection Agency and the National Highway Traffic Safety Administration (NHTSA). Midterm evaluation of light-duty vehicle greenhouse gas emissions standards have been set for model years 2022–2025.

In terms of region, the global automotive garage equipment market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is a prominent market for automotive garage equipment. The report projects the automotive garage equipment market in Asia Pacific to expand at a CAGR of 3.5% to reach US$ 3.9 Bn by 2026. Asia Pacific dominated the global automotive garage equipment market, accounting for more than half the market in terms of revenue in 2017. The trend is expected to continue during the forecast period due to the consistent rise in demand for passenger vehicles owing to rapid urbanization, stable economic conditions, and lower interest rates. Asia Pacific was followed by Europe and North America in terms of market share in 2017.

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Prominent players operating in the global automotive garage equipment market include Autec, Inc., Hunter Engineering Company, Ravaglioli S.p.A., Lincoln Electric Holdings, Inc., CORGHI, Automotive Equipment International, CEMB USA, Hennesy Industries LLC, and others. The global automotive garage equipment market is highly fragmented due to the presence of small- and medium-sized manufacturers.

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Neuromorphic Chip Market 2020 By Revenue, Top Trend & Regional Growth Forecast

The global neuromorphic chip market is fragmented in nature due to the presence of a large number of players existing in the market. The prominent players are investing heavily investing mergers and acquisitions and collaboration to expand their geographical reach and get a firm hold in the market. These players are also using effective marketing strategies that help in the commercialization of these chips that in turn will open new opportunities for them.  To mention some of the leading players in the neuromorphic chip market are   HRL Laboratories LLC., International Business Machine Corporation, Vicarious FPC Inc.,   General Vision Inc., Intel Corp., Hewlett Packard Corp., and Samsung Electronics Co. Ltd.

As per the Transparency Market Research, the neuromorphic chips market is projected to expand at a healthy CAGR of 19.1% during the forecast period between 2015 and 2023. Thus, rising at this growth rate is has been estimated that the valuation of the market will reach US$1.801 bn by the end of 2023.

Application of neuromorphic chip is seen in various sectors in which the defense and aerospace sector is leading due to the intensive integration of neuromorphic chip in this sector. In addition, to increase the power of the internet of Things these chips play an important role, which in turn benefits the market growth. On the regional front, North America is leading the market and is projected to continue its dominance in the forthcoming years. The region is leading as it encourages technological advancements in terms of product innovation.

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Increasing Adoption of Automation to Expand Growth Opportunities for Neuromorphic Chip Market

The growth of the neuromorphic chips market is due to its rising application in various sectors such as defense and aerospace, Internet of things, and many others. The rising automation in various sectors is also opening new opportunities for the growth of this market. In addition to that, optimum usage of memory, higher speed, and less power consumption are other growth factors asserting market growth. Another growth factor is the increasing demand for brain-like computing across various industry verticals, which is likely to expand the demand for neuromorphic chips in the near future.

Lack of Investments to Limit Growth of Neuromorphic Chip Market

Despite the growing application of neuromorphic chips, there are certain restraining factors that might hamper the growth of this market. Limited investment in the industry and lack of focus in research and development activities are factors that are likely to obstruct the market from growing at its full potential. The design of these chips is complex due to software complexity and complex algorithms in the neural processing units, thus, impeding the market growth. Moreover, one of the big challenges is the limited capacity of memory, which can be incorporated in these chips. However, with the growing technological advancements, these complexities are expected to reduce in the coming years and assist the market to grow at its full potential.

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The information presented in this review is based on a TMR report, titled “Neuromorphic Chip Market (By Function - Signal Processing, Data Processing, Image Recognition and Others, By Application - Defense and Aerospace, Automotive, Medical, Industrial and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

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Automotive Wheel Speed Sensor Market to Witness an Outstanding Growth by 2027

The automotive wheel speed sensor is a key component of the modern vehicle, as it plays a major role in activation of modern systems such as ABS (Anti-lock braking system), ESC (Electronic stability control), and TCS (Traction Control System). The wheel speed sensor detects or senses the speed of vehicle and passes this information to the control unit of the aforementioned systems so that it can act accordingly to produce optimum performance.

Automotive Wheel Speed Sensor Market - Competitive Landscape

Continental AG, Robert Bosch GmbH, DENSO CORPORATION, NXP Semiconductors, Delphi Technologies, Hitachi Ltd., FTE automotive (a subsidiary of Valeo), and ZF Friedrichshafen AG are key players operating in the automotive wheel speed sensor market. In July 2018, Robert Bosch GmbH announced to manufacture ABS for ebikes. The company collaborated with major ebike manufacturers such as E BIKE Advanced, Flyer, KTM, Riese & Müller, and ZEG (Zemo) to launch its product in the market.

Continental AG

Established in 1871 with headquarters in Hannover, Germany, Continental AG is a leading global company that manufactures automotive electronic components and technology. The company operates through five major business segments: tires, brake systems, powertrain and components, automotive safety, and vehicle electronics.

FTE Automotive

Founded in 1943, with headquarters in Ebern, Germany, FTE Automotive became a part of Valeo Group in November 2017. The company specializes in drive train and brake system products that cater to the automotive industry.

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ZF Friedrichshafen AG

Established in 1915, with headquarters in Friedrichshafen, Germany, the company has a diverse product portfolio that caters to the automotive industry. The company emphasizes on the development of automotive safety systems and automotive drivetrain products. ZF Friedrichshafen AG has recently showcased the world’s first automotive external pre-crash airbag system.

Automotive Wheel Speed Sensor Market Dynamics

Rising integration of safety products coupled with rising stringency of regulatory norms for automotive

Automotive safety standards are becoming increasingly stringent. Very high safety standards have been set for the development of new safety systems such as electronic stability system, traction control systems; however, the market for safety systems has been expanding consistently. Development of systems that require information about the vehicle’s speed require wheel speed sensors as their prime component. Therefore, the market for automotive wheel speed sensor is likely to expand during the forecast period.

Rising stringency of safety standards across the globe is likely to boost the automotive wheel speed sensor market, as it is mandatory for the ABS in vehicles above 150 CC in India from April 2019. This, in turn, is driving the demand for automotive speed sensors. Furthermore, rising concern of governing bodies of all regions is likely to mandate other relevant systems that require integration of the wheel speed sensor in the vehicle, which in turn is likely to boost the automotive wheel speed sensor market during the forecast period.

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Application of single sensor for multiple automotive systems

The automotive wheel speed sensor is integrated in all vehicles that have ABS systems. Consequently, rising penetration of other safety systems would not boost the expansion rate effectively; however, the market is likely to expand at a comparatively sluggish pace during the forecast period.

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Integrated Vehicle Health Management Market Estimated to Flourish by 2027

Integrated system health management (ISHM) or Integrated vehicle health management (IVHM) is the integrated capacity of frameworks to assess the present or future condition of the part framework health and take part with the image of framework health inside a system of realistic assets and operational demand. About the empowering systems, both model-based and information driven thinking have been utilized in IVHM applications.

Integrated Vehicle Health Management Market: Novel Developments

• In July 2017, Verizon and Globetouch collaborated with OnStar to support the network solutions and connectivity that engage GM's administration. In particular, Globetouch would coordinate its open stage GControl with OnStar for progressively dependable availability, and Verizon will bring scale and system ability in the market.
• In November 2016, OnStar appeared in the Brazilian market with General Motor's three new vehicles, to be specific, Chevrolet Tracker, 6th-gen Chevrolet Camaro, and Chevrolet Cruze Sport6. OnStar launched the "Advanced Diagnostics" include for Brazilian clients that enables owners to comprehend the state of vital frameworks. These incorporate the transmission, engine, brakes, emission, and airbags.
• Verizon, in August 2015, launched an inventive telematics solutions "Hum." Hum is an aftermarket vehicle innovation and membership administration that empowers drivers make their vehicle more brilliant through a basic solution, irrespective of their wireless service solutions. At the direct press of a button, drivers get proper roadside assistance, diagnostic data, and live conference with ASE-guaranteed mechanics and crisis work force on-request.

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Major players operating in the integrated vehicle health management market include Continental (Germany), Visteon (US), Robert Bosch (Germany), OnStar (US), Delphi Technologies (UK), and Garrett Motion (Switzerland). Among these, OnStar is foreseen to lead the global IVHM market in coming years. These companies are indulging into several mergers and acquisitions to sustain their market position. moreover, they are investing heavily in R&D activities to get an edge over their competitors in coming years.

Integrated Vehicle Health Management Market Dynamics

A developing number of coupled vehicles and bringing issues to light about vehicle safety and health are anticipated to fuel the integrated vehicle health management market in the forthcoming years. Albeit altogether determined by end-users, helps improve affordability of provision and maintenance activities; IVHM is gradually being created in the form of competitive opportunity for aftercare specialist organizations. An IVHM framework will incorporate synergistic position of reasoning techniques and sensor technologies, embraced to the provision of a proactive decision making capacity.

Then again, surge in cost, unpredictably in crude material will confine the development of the integrated vehicle health management market. The government has diminished the demand in existing innovation and put resources into trending innovation to build the development of market share during the coming years.

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Global Integrated Vehicle Health Management Market: Geographical Analysis

The Europe region is evaluated to develop at the most astounding CAGR in the forecast period, and hence lead the global IVHM market in the coming years. Europe, is home to several technologically advanced nations, for example, the UK, Germany, and France, has seen expanded buyer’s demand for smart innovation in the vehicles. OEMs in the region are advancing and offering integrated vehicle health management solutions as an extra factor in the economy and medium sized vehicles. Nations in Eastern Europe are additionally following technologically propelled nations, for example, the UK and Germany.

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Automotive Holographic AR Display Market Foreseen to Grow Exponentially by 2027

Automotive holographic AR display is an advance active safety and technical featured transparent device in automotive that projects prime information and status such as speed of the car, navigation direction, time, and distance travelled directly in the driver’s line of sight. This reduces the chances of driver distraction while driving. The automotive holographic AR display aids the driver in accepting the automated driving faster and projects key information either on the windshield or on a separate screen.

Global Automotive Holographic AR Display Market - Competitive Landscape

• In 2018, Porsche AG, a Germany-based automaker announced an investment of US$ 80 million to WayRay, a Switzerland-based company which target its goal to enable holographic AR (augmented reality) displays in automotive. WayRay’s AR technology is presently not available in any consumer automotive; however, in early 2018, the company presented its product in Porsche’s pilot project in conjunction with Harman, a Samsung-owned company and a prominent player in the field of car audio.

Continental AG

Founded in 1871, Continental AG is currently based in Hanover, Germany. Continental AG is a leading company that manufactures and supplies mechatronics and automotive electronics to customers across the world. The company emphasizes on forming alliances and partnerships with emerging and pioneering manufacturers in order to strengthen its presence in the advance components related market. The company display unit domain has presented numerous display solutions including AR HUD, Holographic HUD, DMD, and HUD.

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Robert Bosch GmbH

Established in 1886, Robert Bosch GmbH is presently headquartered in Stuttgart, Germany. Robert Bosch GmbH offers innovative solutions for smart homes, smart cities, connected mobility, electric vehicle charging, and connected manufacturing. The company uses its expertise in sensor technology, software and servicing, and its own loT cloud, to offer its customers connected solutions from a single source. The company has 460 subsidiaries and regional companies in over 60 countries and regions globally. In 2018, the company spent US$ 8.66 billion on research & development. 

Global Automotive Holographic AR Display Market Dynamics

Rising trend of comfortable and safer vehicles drives demand for automotive holographic AR display

Presently, surge in modernization in the automotive industry has fueled the demand safer and more comfortable vehicle features. Recent development of innovation display solutions, such as automotive holographic AR display, which is far more superior, increases the vertical and horizontal field of view, and offers higher working precision vis-à-vis to currently available display system. The automotive holographic AR display makes the automated driving easier and offers varied information such as navigation direction thereby offering shortest distance, night vision assistance, parking spot, obstacle detection, and other related applications by displaying key information on the vehicle’s windshield or display screen. Moreover, ease of operation coupled with decreasing cost of mechatronics components is likely to boost the demand for the automotive holographic AR display in near future.

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Rising adoption of ADAS in automotive

Incorporation of ADAS (Advance Driver Assistance System) in automotive is increasing as it reduces the complication of the vehicle driving by assisting the driver of the vehicle during the vehicle drive. The automotive holographic AR display is a key part of the ADAS and automated driving, as it improves visibility in any driving situation such as adverse weather condition, during night, traffic assistance, and poor vision circumstance during foggy climate. This is anticipated to fuel the automotive holographic AR display market in the near future.

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