Industrial Robot Market 2020 Global Size, Share, Industry Growth, Competitive Landscape and Outlook 2027

Adoption of robots equipped with artificial intelligence in manufacturing industries is likely to accelerate the growth of global industrial robot market during the forecast timeframe.

In the last few decades, robots have revolutionized the industrial world. Industrial robots are now making their way into the larger business world. Robotic workers are now common sight in many sectors such as electronics manufacturing and automobile, now they are making foray into healthcare, food production, retail and other industries.

In an upcoming report, Transparency Market Research offers a 360-degree view of the global industrial robot market. The study attempts to elucidate all the vital strategies of growth and dynamics of the market. It also offers profiles of renowned companies that are operating in the global Industrial Robot market.

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Global Industrial Robot Market: Notable Developments

With regards to recent developments, the global industrial robot market manifest the following moves in the market

• In October 2018, DENSO, leading mobility supplier, acquired EASE Simulation Inc., a firm that specializes in the technology of automotive diagnostics. The full acquisition of EASE Simulation Inc., is expected to enable DENSO to improve the services that are offered within the scope of its non-automotive, Original Equipment Service, and aftermarket businesses

Denso Corporation, Daihen Corporation, Kawasaki Heavy Industries Ltd., Yaskawa Electric Corporation, Mitsubishi Electric Corporation, and Universal Robotics are some of the names to reckon with in the global industrial robot market.

Global Industrial Robot Market: Key Trends

The following factors are expected to propel the growth of global industrial robot market:

Rapid Pace of Industrialization Necessitates Usage of Robots to Maximize Profit

The global industrial robot market is forecasted to be triggered by numerous factors such as high cost of labor, declining price of industrial robots, expanding electronics industry and so on.

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Dearth of efficient workforce together with high cost of labor has resulted in the rising adoption of industrial robotics in many of the industrial sectors. Usage of robotics in any business enhances productivity and, hence, the profitability of the company also increases. Companies now treat robots as its helping hand.

The demand for industrial robots is reaching the sky as industrialization is taking place at such a high pace. The extraordinary surge in the global demand for industrial robotics is, as such, quite understandable.

Many businesses are coming up with extremely promising products such as service robots, intelligent warehouses, and self-driving trucks across all parts of the logistics value chain, Industrial robots are also used for packaging and pick-and-place services, and this is further pushing for industrial automation.

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Global Industrial Robot Market: Geographical Analysis

Driven by the U.S., North American industrial robot has been experiencing an accelerated growth in installation of robotics for almost a decade now. A record number of 33,192 installations took place in 2017. The U.S. ranks third in terms of robotic density with 189 robots per 10,000 employees.

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Automotive Turbocharger Market 2020: Technology advancements & emerging trends

A comprehensive market report, prepared by Transparency Market Research (TMR), has been published and is titles as Automotive Turbocharger Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026”. And, as per analysts who worked on the report, the market will chart a decent CAGR (Compound Annual Growth Rate) of over 5% over the forecast period. Thant means a deluge of opportunities is on its way to the market players, ready to be tapped into.

Stringent Emission Norms Fueling Growth in Global Automotive Turbo Charger Market over the Forecast Period

Some of the significant drivers of growth in the global automotive turbo charger market include emission norms across countries, getting more stringent by the year, and a growing clamor for high power output vehicles. Thus, one notes manufacturers hustling to install vehicles with turbochargers. And, as smaller engines have lower excise duty, players want to downsize, taking on turbo chargers as the perfect solution.

So, in a nutshell, it can safely be said that good fuel economy and low emission, coupled in a smaller engine size is the driving force behind the high growth trajectory of the global automotive turbo charger market over the forecast period.

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Also, it is noteworthy here that turbo chargers are not just used in diesel vehicles but also gasoline vehicles. And, since gasoline vehicles perform better in the exhaust front, these would see notable demand. Besides, some of the places in the world are mulling over the ban on diesel vehicles due to pollution creating a serious menace over major cities. Some of these cities are Madrid, Athens, New Delhi, and Frankfurt.

Here, it is pertinent to point out that due to the reasons mentioned above, and the growth that these are set to drive, there is an increase in investment in R&D (Research and Development) noted. A number of players are also focusing on expansion of R&D. And, thus it does not come as a surprise that the market is flanked with presence of innovative products such as e-turbo chargers. These are considered to revolutionize the market landscape over the coming years.

Competitive Landscape of Global Automotive Turbo Charger Market to be Fragmented over the Forecast Period

The global automotive turbo charger market is fragmented and key players in the market, flanking its landscape are Honeywell International Inc., IHI Corporation, MAHLE GmbH, Robert Bosch GmbH, BorgWarner Inc., Delphi Technologies, Cummins Inc., Eaton, Continental AG, Mitsubishi Heavy Industries Ltd., and Cardone Industries, among others. Players are focused on product differentiation and improvement via innovation. And, some go for mergers and acquisitions and exploration of synergy with other players.

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Europe to Project Solid Growth Statistics over the Forecast Period of 2018-2026

Home to a mature market for diesel vehicles, Europe will chart significant growth over the Forecast Period. Besides, some very prominent players flank the market. Another region that will present players with new opportunities of growth is the Asia Pacific (APAC). Growth here is attributable to increasing levels of disposable income, and government support.

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Pickup Truck Market Regional Trend & Analysis | Global Industry Report, 2020-2030

According to the report, the global pickup truck market is projected to reach US$ 950 Bn by 2030, expanding at a CAGR of ~2% during the forecast period, owing to the increase in affordability for vehicles among consumers and transition of people into middle and upper middle-income groups. The global pickup truck market is mature; however, expansion of small- and medium-scale enterprises coupled with high popularity for pickup trucks in developed countries is still boosting the market worldwide.

Expansion of Pickup Truck market

The expansion of the automotive industry has boosted the pickup trucks market across the globe. Moreover, rising preference among consumers for pickup trucks instead of a passenger vehicle has been a key factor driving the market. Developed countries, which highly promote do-it-yourself services, witness higher penetration of pickup trucks as compared to other vehicles, as pickup trucks are multipurpose vehicles that can be useful for their owners to carry small loads, towing caravans, and other carriages.

The expansion of SMEs in last five years has been a key driver for the pickup truck market in the developing as well as developed countries. The demand for pickup trucks has increased at a noble pace owing to a significant rise in last mile delivery services in last decade.

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Pickup Truck Market – Segmentation

In terms of truck type, the full size segment held a major share of the market, owing to the high popularity of these trucks in North America, Latin America, and the Middle East. Moreover, pick-trucks can be used as a multipurpose vehicles to transport goods, tow caravans, and also ferry passengers. Moreover, increasing trends toward utility vehicles and luxury vehicles in conjunction with a rise in the demand for comfort and luxury among consumers globally are anticipated to propel the global pickup truck market.

Regional Analysis of Pickup Truck market

In terms of region, the global pickup truck market has been segregated into North America, Europe, East Asia, South Asia Pacific, Middle East & Africa, and Latin America. North America and Europe held a prominent share of the global market.

The popularity of full size pickup trucks is significantly high in these regions boast of major manufacturers such as Ford Motor Company and General Motors. Pickup trucks are best-selling vehicles in the U.S.; Ford, GMC, and RAM have been key manufacturers that accounted for a major share of total pickup trucks sold in North America. Pickup trucks are popular in the region as consumers can tow their trailers, launch their boats, transport all their children’s dorm supplies to college, use it for business, and still be the most intimidating light-duty vehicle on the road.

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Prominent players operating in the global pickup truck market include Ford Motor Company, FAW Group, Fiat Chrysler Automobile, General Motor Company, Great Wall Motors, Honda Motor Company, Ltd., Isuzu Motors Ltd., Mahindra & Mahindra Ltd., Mercedes Benz, Mitsubishi Motors Corporation, Nissan Motor Co., Ltd., Tata Motors, Toyota Motor Corporation, and Volkswagen AG.

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Ship Repair and Maintenance Services Market Report 2020 | Growth strategies and emerging trends

The global ship repair and maintenance services market is projected to show upward curve of revenues during the forecast period of 2020 to 2030. This growth is attributed to plethora of reasons. One of the key reasons for this growth is increased demand for ship repair and maintenance services from all across the world.

The upcoming report from TMR on the global ship repair and maintenance services market performs the segmentation of this market on the basis of vessel type, service type, and region. This report offers comprehensive analysis of key elements driving or obstructing market growth. Based on vessel type, the ship repair and maintenance services market is bifurcated into bulk carriers, oil and chemical tankers, container ships, general cargo, offshore vessels, and passenger ships and ferries.

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Global Ship Repair and Maintenance Services Market: Growth Dynamics

Maintenance is a key factor that allows for smooth functioning of any machine or device. The global ship repair and maintenance services market is growing on the back of increased use of ships for various purposes. In addition to this, the government bodies of many countries are taking initiatives to support the shipping industry. For instance, shipyards are provided with various tax benefits for regular ship repair and maintenance activities. This factor is working as a driver for the global ship repair and maintenance services market.

Continuous increase in shipbuilding activities is one of the key factors fueling the growth of the global ship repair and maintenance services market. There are numerous services available in the market for ship repair and maintenance services. It includes electric works, general services, engine parts, auxiliary services, hull parts, and dockage.

Global Ship Repair and Maintenance Services Market: Notable Development and Competitive Analysis

The ship repair and maintenance services market is fragmented in nature. Presence of many players denotes that the competitive landscape of the market ship repair and maintenance services is moderately intense. To maintain the prominent position in this high competition, players are executing various strategies such as mergers and acquisitions. A case in point here is the latest announcement by Damen Shipyards Group. The firm stated that it has completed the acquisition process of Shipdock. This move by Damen Shipyards Group will strengthen its position in the global ship repair and maintenance services market.

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Major enterprises working in the global ship repair and maintenance services market are growing efforts to offer superior quality services. Apart from this, several players in the market for ship repair and maintenance services are focused on advancing their vessel connectivity. A case in point here is latest partnership between Damen and Tata Consultancy Services (TCS). The main motive of this partnership is the development of an integrated IoT platform for Damen. This move by the firm connotes that the global ship repair and maintenance services market will grow at stupendous speed in the forthcoming years.

The list of important players in the global ship repair and maintenance services market includes:

• Damen Shipyards Group
• Sembcorp Industries Ltd.
• Cochin Shipyard Limited
• China Shipbuilding Industry Corporation
• Dae Sun Shipbuilding and Engineering Co., Ltd.
• Hyundai Mipo Dockyards Co., Ltd.

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Global Ship Repair and Maintenance Services Market: Regional Assessment

The global ship repair and maintenance services market is spread across various regions such as Latin America, North America, Eastern Europe, Western Europe, India, China, South East Asia and Pacific, Japan, Nigeria, Middle East and Africa, Morocco, Egypt, and South Africa. Of them, Asia Pacific is one of the lucrative regions in the market for ship repair and maintenance services. Key reason for this growth is increased sea-borne trade activities in this region. The market for ship repair and maintenance services is expected to grow at remarkable pace owing to cost-effective and quality focused services provided by vendors in the region.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Electric Bus Market 2020 | Regional Insights & Growth Forecast To 2026

The vendor landscape of the global electric bus market has an intense competition. According to the latest research report by Transparency Market Research, the competition in the global electric bus market will only grow in the coming few years as new companies enter the market space. With the imminent threat from the emerging players, the leading companies in the global market are expected to focus on developing high-end and technically advanced buses in order to stay ahead.

Moreover, they are also expected to adopt aggressive marketing strategies such as mergers, joint venture, strategic partnerships, and acquisitions in order to stay relevant in the global market. Some of the key companies operating in the global electric bus market include names such as EBUSCO BV, BYD Company Ltd., Nova Bus, Proterra Inc., FAW Group, and Shenzhen Wuzholong Motors Co. Ltd. among others. 

According to the research report by Transparency Market Research, the electric bus market will be valued around US$165 bn by the fall of 2026. The market is expanding at a huge CAGR of 24% over the duration of forecast of 2018 to 2026..

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China to Remain Key Contributor for Growth of Asia Pacific Segment

Depending on the type of electrification, the segment of battery electric bus is projected to dominate the global electric bus market. The growth of the segment is mainly because of the growing number of battery buses in China. For instance, Shenzen, a province in China, holds more number of battery electric buses than the complete fleet in the whole North America. Thus, from a geographical standpoint, the regional segment of Asia Pacific is the most dominant one. Major contribution comes from China and the nation accounts for over 85% of the overall regional market. Other nations such as India, Indonesia, and Japan are expected to present lucrative business opportunities for the growth of the electric bus market.

Increasing Concerns about Quality of Breathable Air to Spur Adoption of Electric Buses

A key factor that has been driving the global electric bus market is growing demand for eco-friendly vehicles. These buses have a lower maintenance cost, which in turn is attracting a lot of interest from private firms for adoption. This too is expected to help in the development of the global market. Furthermore, the governments across the globe are offering high subsidies and rebates for adopting electric vehicles in public transport and private contractors are jumping to tap that opportunity. This factor coupled with increasing concerns about air pollution and the overall quality of breathable air all working in favor of the development of the global electric bus market. 

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In terms of region, Asia Pacific holds a major share of the global electric bus market, followed by Europe. In Asia Pacific, China accounted for a prominent share owing to the considerably large electric bus fleet in Shenzhen. China alone held more than 85% share of the market in Asia Pacific in 2017. It sold more than 90,000 electric buses that contributed it to the notable share of the electric buses market in the region. Europe is an emerging market for electric buses, and countries such as Poland, the Netherlands, and France are focusing to replacement of their bus fleets with electric buses and hence, are promising markets for electric buses.

Major players operating in the global electric bus market are BYD Company Ltd., Yutong, New Flyer Industries Inc., Proterra Inc., Solaris Bus & Coach SA, Zhongtong Bus Holding Co., Ltd, Shenzhen Wuzhoulong Motors Co., Ltd, EBUSCO BV, Dongfeng Automobile Co., Ltd., Alexander Dennis, King Long, FAW Group, AB Volvo, Daimler AG, TATA Motors, Ashok Leyland, Nova Bus, and Foton Motor Inc. BYD Company Ltd. and Yutong with their presence in China dominated the global electric bus market, owing to high demand for electric buses in China. Furthermore, other players involved in the manufacturing of the conventional buses are likely to enter the electric bus market and encourage a healthy competition among all manufacturers.

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Power Bank Market Report 2020 | Regional Analysis & Growth Forecast to 2027

According to a new market report published by Transparency Market Research titled “Power Bank Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027,” the global power bank market is expected to reach a value of US$ 15,994.6 Mn by 2027. The market is estimated to expand at a CAGR of 6.5% during the forecast period from 2019 to 2027. Based on volume in units, the market stood at around 376.7 million units in 2018. In terms of region, Asia Pacific acquired greater share in the power bank market in 2018. Asia Pacific is one of the biggest manufacturing hubs of electronic devices such as Bluetooth speakers, smartphones, iPads, etc.

Manufacturers such as Mi-Corporation manufacture several devices such as smartphones and wireless earphones along with the power banks. Presence of such players in the region who provide cost effective products help consumers to demand power banks. India and China are the two prominent countries in the region with huge population. Growth in smartphones has fueled the growth in demand for power banks.

Rise in demand for easy and convenient charging options has helped global manufacturers to innovate with the product and to make lightweight and high charging capacity power banks. The development of smart devices has helped in driving demand for power banks. Innovations by manufacturers have also led to increased demand for the product. However, smartphones having high capacity batteries and efficient chipset in the device is the restraint which can affect the demand for power banks.

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Based on product type, portable power banks dominated the market in 2018 and were valued at US$ 4,152.4 Mn at a CAGR of 6.4%. The dominance of this segment was due to easy to carry power source coupled with wide availability. In terms of power rating, the 5,000 mAh – 12,000 mAh segment dominated the market in 2018 due to more consumer acceptance at an affordable price.

Based on battery type, lithium ion battery dominated the market in 2018 due to its durability and easy availability. By port type, power banks having type C charging port has the highest market share due to wide popularity of Type C charger among manufacturers as well as consumers. Based on application, the smartphone segment dominated the market due to growing demand for smartphones worldwide.

Electric source of charging dominated the market in 2018 due to the more convenient option for charging power banks and easy accessibility to electricity as compared to other segments. By distribution channel, the offline segment dominated the market due to preference of customers to check and compare the products physically. By region, the market in Asia Pacific is forecasted to expand at a high growth rate due to focus on more cost effective solutions. Consumers in China, India, and Thailand prefer buying low cost power banks.

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Prominent players in the power bankmarket include GP Batteries International Ltd, EasyAcc.com, Inc., Maxell Holdings, Ltd., Anker Technology Co. Limited, Braven LC – INCIPIO Technologies, Inc., IEC Technology, LLC, Apacer Technologies, Inc., Panasonic Corporation, Mophie, Inc, RavPower, MiPow Limited, Samsung Electronics Co., Ltd., Goal Zero Corporation, Sony Corporation, and Xtorm.

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Disposable Paper Cup Market size 2020: Evolving Technology, Trends and Industry Analysis to 2027

 

• Disposable paper cups are the cups/glasses made of renewable sources such as paper and then lined with wax or liquid to prevent leakage
• These cups are made of food grade raw materials, which are hygienic in nature. Disposable paper cups are capable of holding hot as well as cold beverages for a long time.
• Disposable paper cups are widely used across the globe; rapid changes in lifestyle are anticipated to push the usage of these paper cups in the household sector
• When compared to paper cups made of other material such as plastic, the usage of paper cups hold several inherent advantages, eco-friendliness being one of them.
• Extensive use of paper cups in catering and events is likely to drive its demand during the forecast period

Benefits of Paper Cups over Other Alternatives to Fuel its Demand in the Global Market

• Disposable paper cups are biodegradable; thus they are considered more eco-friendly than other disposable paper cups such as the plastic ones
• Also, plastic paper cups are likely to contaminate its hot containments, whereas paper cups are considered more safe for consumption of hot beverages
• In addition, paper cups are available in numerous shapes and sizes, and also in customizable designs, and this makes them more attractive in the market
• These factors are likely to drive the overall market for disposable paper cups

Use of Harmful Chemicals to Manufacture Paper Cups Might Challenge the Market

• Some manufacturers of disposable paper cups use substantial amount of fluorescent whiting agent to present a whiter look to the cup
• These whiting agents are capable of mutating the cells, thus having harmful impact on the human body.  
• Additionally, lack of quality standards might hamper the growth of the market in the near future

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Increasing Use of Organic Components in Paper Cups Manufacturing to Create Demand Opportunities

• Disposable paper cups manufacturers have been considering the demand for eco-friendly and completely biodegradable disposable paper cups, thus focusing on product innovation and diversification by adopting sustainable manufacturing methods.
• The opportunity in the market lies amidst the rising demand for biodegradable paper cups from cafeterias, quick service restaurants, and other catering service providers.

Asia Pacific to Hold Leading Share of the Global Disposable Paper Cup Market

• In terms of geography, the global disposable paper cup market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
• Country and sub-region level analysis of North America features the U.S., Canada, and Rest of North America. Analysis and forecast of the disposable paper cup 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 market analysis and forecast of GCC, South Africa, and Rest of Middle East & Africa. The disposable paper cup market in South America is segmented into Brazil and Rest of South America.
• Asia Pacific dominated the global market in 2018, attributed to presence of large scale manufacturers and availability of low cost raw materials. In addition, constantly rising population in Asia as well as North America are driving the disposable paper cups market in their respective regions.
• The market in Asia Pacific is projected to expand at a rapid pace, followed by North America and Europe during the forecast period.

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Key Players Operating in the Disposable Paper Cup Market

The global disposable paper cup market is highly competitive, owing to the presence of several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to consolidate their position in the market. A few key players operating in the global disposable paper cup market are:

• Dart Container
• Huhtamaki
• Reynolds
• Koch Industries
• Graphic Packaging
• Benders
• Seda Group
• SCHISLER
• Groupo Phoenix

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