Luxury Shuttle Bus Market To Witness Growth Acceleration During 2020 to 2030

According to the report, the global luxury shuttle bus market is projected to surpass US$ 6 Bn by 2030, expanding at a CAGR of ~9% during the forecast period, owing to the increase in adoption of public transport services and the rise in the number of shuttle services among various sectors such as aviation, corporate, and tourism. The global luxury shuttle bus market is prominent in most developed countries; however, increasing influence of governments to adopt public transportation services for commute is anticipated to drive the market for luxury shuttle buses.

Expansion of Luxury Shuttle Bus Market

Transportation services have been expanding, as governing bodies have been consistently emphasizing on the adoption of bus services for daily commute across the globe, including North America, to fight against air pollution and traffic congestion issues. The rise in awareness among society about the aforementioned issues is driving the preference for a large bus instead of using multiple smaller vehicles.

The demand for luxury shuttle buses is primarily increasing for sightseeing, daily commute for workplace, and interstate travel. Luxury shuttle buses are integrated with amenities and hence, are as comfortable as a personal vehicle. The increase in trend of weekend trips has significantly fueled the luxury shuttle bus market. Additionally, smart move by travel service providers to roll out luxury bus services on the most popular weekend routes around popular cities is further propelling the luxury shuttle bus market.

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Luxury Shuttle Bus: Market Segmentation

In terms of application, the demand for luxury shuttle bus has been significantly high on longer routes, which is generally preferred by tourist. This led the tourism coaches segment to hold a major share of the global market. The market for luxury buses and coaches has been volatile; however, an increase in focus on expansion of public transportation system and a rise in investment by government bodies to promote public transport system are likely to propel the global luxury shuttle bus market.

Regional Analysis of Luxury Shuttle Bus Market

The global luxury shuttle bus market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America and Europe witness high penetration of luxury shuttle buses, owing to high demand among consumers and presence of good transportation infrastructure for bus travel; however, Asia Pacific is a prominent market for luxury shuttle bus, owing to high production and higher consumer base in the region. China is a notable market for luxury buses as all the leading manufacturers have high capacity expansion in the country.

On the other hand, China is a leading manufacturer of electric buses across the globe, owing to the presence of all resources and high focus on vehicle electrification in the country. The market for the luxury shuttle bus is likely to expand at a higher growth rate in developing countries due to the increase in per capita income and improvement in lifestyle, which ultimately is leading to higher spending on luxury and leisure, thus driving the demand for luxury shuttle buses.

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Luxury Shuttle Bus Market: Key Players

Prominent players operating in the global luxury shuttle bus market include ARBOC Buses, CNH Industrial N.V., Daimler AG, Federal Coach, Forest River, Grech Motors, Isuzu Motors Ltd., Kamaz, Krystal Shuttle Buses, KSIR Bus, LGE Coachworks, Proterra, Scania AB, Tata Motors, Toyota Motor Corporation, and Volkswagen AG.

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Automated Parking Management Systems Market Growth, Trends, Demand, Share, Analysis and Forecast 2026

The global automated parking management systems market is markedly fragmented as each regional market can have different players holding prominent positions, notes Transparency Market Research (TMR). For instance, Skyline Parking and CityLift are expected to emerge as leading players in Europe and Asia Pacific. In North America, the top players are Robotic Parking Systems, Inc. and CityLift who hold a combined share of upward of 32.0% in the regional market.

TMR finds that some of the other prominent players operating in the global automated parking management systems market are EITO&GLOBAL INC., Round Automated Parking System, Klaus Multiparking Systems Pvt. Ltd., Dayang Parking Co. Ltd, and Unitronics.

TMR oberves that top players are entering into mergers and acquisitions with other prominent players to strengthen their positions in the market. Top players are capitalizing on their robust geographic presence and a wide product portfolio to stay ahead of others. A growing number of players are also leveraging the potential of synergies they have with regionally prominent players, with an aim to consolidate their shares.

The global automatic parking management system market is projected to rise at a CAGR of over 13.00% from 2018 to 2026 and touch a valuation of US$4.5 billion by the end of 2026.

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The various regional markets for automated parking management systems are the Middle East and Africa, North America, Latin America, Europe, and Asia Pacific. Of these, North America held the major share in 2017, vis-à-vis revenue, and is expected to retain its dominance throughout the assessment period.

The various technologies deployed in automated parking management systems are sensor technology, mobile technology, and RFID. Among all the types, the demand for sensors is expected to rise at a substantial pace over the forecast period. The rapid strides made by industrialization in suburban areas is a notable factor catalyzing the burgeoning demand for automated parking systems.

Rising Need for Optimizing Parking Spaces propels Demand

The demand for automated parking management system emanates from the ever-rising need for more parking space for vehicles given the staggering rise in new registrations all over the world. The demand for technologies and systems for optimizing parking space is a key factor propelling the growth of the global market.

The exponential rise in number of vehicles in urbanized spaces of developing and developing nations is a key factor that has squeezed the available parking space. With the pressing need for minimizing the land usage, the problem has been confounded further, thus fueling the demand for automated parking management systems.

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Numerous benefits of automated parking systems reinforce the attractive demand, key of which are doing away with driving lanes, ramps, optimizing the land usage, ensuring the minimal pedestrian traffic. Furthermore, since the hassles of parking that people face has been a prominent factor contributing to traffic congestions in urban spaces, the need for reducing them has been bolstering the demand for automated parking management systems.

Technological Advances in Automated Parking Systems open several Lucrative Avenues

The swift pace of urbanization in emerging economies and a large part of population moving to central business districts are notable factors catalyzing the demand for automated parking management systems. The demand is bolstered by the role of automated parking system in simplifying the administrative operations and in improving the surveillance and security of all types of vehicle in the parking arena. Moreover, advancements in anti-collision technologies are also boosting the market.

The global automated parking management systems is likely to reap potentially lucrative gains from advances made in car parking management and monitoring technologies. This is evident especially in developed nations.

The market is garnering gains from the constant advances being made in automated parking systems. Rapid technological advances being made by sensors and neural networks are fueling the expansion of the market. The growing focus of governments, especially in several emerging economies, on smart city infrastructures is a notable factor fortifying the demand for automated parking management systems. The rise in number of financial districts in recent years, notably in Asia Pacific, has accentuated the overall market.

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Automotive Battery Market By Product Analysis, Application, End-Use, Regional Outlook, Competitive Strategies & Forecast up to 2022

The changing landscape of the global automotive battery market was estimated to increase the importance of the product in years to come by the Transparency Market Research (TMR). To develop components of automobiles for enabling electricity optimization, new mechanics and designs are adopted by Original Equipment Manufacturer (OEM) and automotive battery manufacturers like Exide Industries Limited, Hitachi Ltd, Johnson Controld International plc, and Furukawa Electric Co.Ltd. . These factors support the incorporation of advanced batteries in automobiles.

The market has witnessed the introduction of automotive battery technology that enables quick recharge and offers power-saving options. In this regard, automobile manufacturers and OEMs are expected to focus on the optimization of smooth power consumption during the development of vehicle system components.

TMR forecasts the global automotive battery market to be valued at US$54.5 bn by 2022 with an estimated 5.7% CAGR during the forecast period of 2017 to 2022.With a 38.0% revenue share achieved in 2017, small sealed lead acid (SSLA) segment is predicted to lead the market on the basis of chemical composition. With a valuation of US$15.1 bn by 2022, Europe is expected to maintain its position as the larger region.

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Strict Emission Norms and High Demand for Fuel Efficiency Reinforce Growth

The strong growth of SSLLA automotive battery is predicted by market analysts. As more number of electric and plug-in hybrid vehicles are being produced presently, lithium-ion (Li-on) automotive battery is showing a steady sales growth. Owing to the promise of successful commercialization and attractive incentives, OEMs are encouraged to introduce new hybrid and electric models. OEMs are compelled to develop products that fulfill future transportation and similar other requirements because of strict emission norms and global demand for fuel efficiency.

The advent of electric vehicles has caused a growth in both the number of electric vehicle models as well as OEMs. For example, in 2017, Mercedes Benz had decided to introduce plug-in electric vehicle model. Along similar lines, Toyota is expected to launch a plug-in hybrid and all-electric vehicles by the end of 2018.

Underdeveloped Support Infrastructure and Safety Issues Tether Demand

The availability of underdeveloped support infrastructure for electric vehicles is negatively affected by the forecasted demand for automotive battery. Moreover, it is difficult to provide products at a parallel competitive pace for automotive battery manufacturers due to the overflowing sale of compact and mid-sized vehicles compared to other type of vehicles. However, less complaints were lodged by manufacturers for the production of automotive battery for compact and mid-sized vehicles because of the less complexity requirement in additional cost manufacturing.

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Regions that exhibit increased trade activities and high demand for commercial aircrafts and automobiles are yet to be explored by manufacturers. These factors have been anticipated to contribute to the growth of the automotive battery market internationally. An important element expected to reinforce the demand for automotive battery is its economic, technological and infrastructural development.

The information presented in this review is based on a TMR report, titled “Automotive Battery Market (Chemical Composition – Lithium-ion, Nickel-metal Hydride, Nickel-cadmium, and Small Sealed Lead Acid; Vehicle – Compact, Mid-sized, Premium, Luxury, Commercial, and Heavy Commercial; Sales Channel – OEM and Aftermarket) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2022.”

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Automotive Lubricant Market Summary, Trends, Sizing Analysis and Forecast To 2026

Transparency Market Research has published a new report titled, “Automotive Lubricant Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global automotive lubricant market is anticipated to surpass US$ 120 Bn by 2026, expanding at a CAGR of more than 4% during the forecast period.

Increased number of on-road vehicles, globally, is driving the automotive lubricant market. Average age of vehicles has increased with more number of people preferring to retain their vehicle. Consequently, an increased number of ageing vehicles on the road need maintenance, thereby driving the demand for automotive lubricant.

Demand for lower viscosity oils has increased due to their ability to improve engine performance and fuel economy. OEMs are recommending lower viscosity lubricants and shifting the OEM and aftermarket demand toward better quality synthetic /semi-synthetic oils. Consumers are becoming more aware about maintenance of their vehicle’s health. Synthetic/Semi-synthetic oils are expensive but have longer drain interval time and hence, adoption of these oils is a win-win situation for both manufacturers and consumers.

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Therefore, the market is moving toward higher value lubricants. API or API-equivalent standards are followed globally in order to curb rising emission and maintain minimum performance of lubricants. Rising performance requirements are prompting OEMs to seek better quality lubricants, which in turn is boosting the automotive lubricant market.

Vehicle users in North America and Europe prefer automatic transmission, which contributes to the high demand for automatic transmission fluid (ATF) in these regions. Asia Pacific is witnessing a technology shift from manual to automatic transmission, owing to the rising demand for continuously variable transmission and dual clutch transmission. This is expected to drive the demand for ATF in the region.

In terms of sales channel, the aftermarket segment is expected to dominate the global automotive lubricant market. Automotive lubricants require periodic replacement and hence, the demand for lubricants in the aftermarket is high. OEMs have different lubricant specifications in different countries. However, OEMs are converging to maintain same portfolio across the global market in order to simplify marketing and distribution.

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Key players operating in the global automotive lubricant market include Royal Dutch Shell plc, ExxonMobil Corporation, BP p.l.c., Chevron Corporation, Total S.A.., Sinopec Corporation, Fuchs Lubricants Co., LUKOIL, Phillips 66 Company, Valvoline LLC, Repsol S.A., JXTG Nippon Oil & Energy Corporation, Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, Petrobras, and Morris Lubricants. The market is largely fragmented due to the presence of several public-sector companies.

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Hybrid Vehicles Market Report 2020 – Industry Capacity, Manufacture, Value, Consumption, Status and Prediction 2024

The global market for hybrid vehicles is gaining traction and is projected to enjoy a high level of competition among the prominent players over the next few years, states a new market study by TMR. The rise in the number of players that are estimated to expand their product horizon into hybrid vehicles and the rising investments by the prominent players are projected to support the development of the global hybrid vehicles market over the next few years. The key players in the market are further projected to focus on mergers and acquisitions, which is predicted to create potential growth opportunities for the new entrants in the coming years.

The prominent players engaged in the hybrid vehicles market across the globe include Audi AG, MAN SE, Ford Motor Company, Nissan Motor Co. Ltd., Hyundai Motor Company, Renault SA., Mercedes-Benz USA, LLC, General Motors Company, Toyota Motor Corporation, and Bayerische Motoren Werke (BMW) AG.

As per the market study by TMR, in 2015, the global market for hybrid vehicles stood at US$75.52 bn and is projected to reach a value of US$193.29 bn by 2024. The market is estimated to register a healthy 10.30% CAGR between 2016 and 2024. Geographically, Asia Pacific is projected to embrace a large share of the global hybrid vehicles market and continue its dominance over the next few years. The strong development of the automobile sector and the rising investments by several foreign companies are expected to ensure a rapid growth of this region in the coming years. In terms of type of vehicles, the passenger vehicles segment is predicted to witness a high growth in the next few years.

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Reduction in Battery Prices to Propel Hybrid Vehicles Market in Coming Years

In the last few years, the automobile industry has been developing at an alarming rate in developed as well as developing economies. The rise in the awareness among consumers related to the decreasing fuel reserves has encouraged the growth of hybrid vehicles market across the globe. Thanks to this, several prominent players are launching hybrid vehicles, which is likely to attract a large number of consumers over the next few years. In addition to this, the strict norms pertaining to the emission of vehicles is predicted to enhance the overall development of the market in the near future.

Furthermore, there has been a constant reduction in the prices of battery and the optimum efficiency of fuel are some of the other factors that are likely to support the development of the global hybrid vehicles market in the next few years. Also, the key players in the hybrid vehicles market are targeting the emerging economies around the world, as they hold immense growth opportunities. Thanks to these factors, the market is projected to observe a positive growth in the near future.

High Cost of Vehicles to Inhibit Market Growth in Near Future

The global market for hybrid vehicles, on the other hand, is projected to face a few challenges while operating in the market, which may hinder the growth in the near future. The growing demand for FCEVs and BEVs is considered to restrict the market growth across the globe. In addition to this, the lack of required infrastructure and the high cost of development are further estimated to curtail the development of the hybrid vehicles market in the coming years. Also, the high cost of hybrid vehicles is predicted to curb the market growth in the near future. Nonetheless, the rising number of initiatives by government organizations for encouraging the use of hybrid vehicles is likely to support the development of the market in the coming years.

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This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Hybrid Vehicles Market (Engine Type – Hybrid Electric-Petroleum Vehicles, Continuously Outboard Recharged Electric Vehicle (COREV), Hybrid Fuel (Dual Mode), Fluid Power Hybrid and Others; Vehicle Type – Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles) – Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2016 – 2024.”

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Tire Pressure Monitoring System Market Report 2020, Trends, Competitive Landscape and Opportunities

According to a new market report published by Transparency Market Research , “Tire Pressure Monitoring System Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026” is expected to surpass US$ 8 Bn by 2026, expanding at a CAGR of more than 4% during the forecast period.

The global tire pressure monitoring system market for automotive is projected to expand at a CAGR of more than 4% between 2018 and 2026, according to a new research report by Transparency Market Research (TMR). According to the report, the global market is likely to be influenced by a range of political, economic, social, technical, and industry-specific factors. Latin America is likely to witness rapid rise in demand for tire pressure monitoring system, with the market in the region anticipated to expand at a CAGR of about 7% during the forecast period.

Vehicle tires functioning below the prescribed inflation level place the complete performance of automobile and the safety of passengers at danger. The tire pressure monitoring system of the vehicle assists in increasing safety on the highway by enhancing the vehicle’s motility, decreasing its braking displacement, reducing the wear of tires, and enhancing fuel economy of the vehicle.

The direct tire pressure monitoring system segment accounts for a majority share of more than 75% of the market. The direct tire pressure monitoring system takes help from sensors fitted inside the assembly of tire to transmit information about tire pressure to the vehicle’s computer. It is the simplest and more accurate method used to monitor tire pressure, as compared to that utilized in the indirect method. Consequently, the direct system has significant penetration in the market.

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The conventional tire pressure monitoring system segment dominates the market. Easy availability and cost-efficiency are key factors responsible for the higher share held by the conventional tire pressure monitoring system segment, as compared to the intelligent tire pressure monitoring system segment, of the market.

The passenger vehicles segment held more than 70% share of the global market in 2017. Tire pressure monitoring system is an additional safety feature provided in the vehicle. Majority of OEMs provide this feature as optional in passenger vehicles. The U. S. is home to a significant number of with commercial vehicles, and the tire pressure monitoring system is mandatory in all vehicles in the U. S. Therefore, the commercial vehicles segment held a relatively higher share of the tire pressure monitoring system as compared to the vehicle production ratio of commercial vehicles and passenger vehicles.

In terms of volume, the OEMs segment is likely to lead the market, as most OEMs, such as GMC and Ford, provide the vehicle with safety features, such as tire pressure monitoring system. The segment accounted for more than 60% share of the market, in terms of volume, in 2017. The tire pressure monitoring system has a lifespan that is almost one-third to that of the vehicle, i.e., three to four years. The tire pressure monitoring system can only be replaced when there is fault in the technology, or the tires are replaced, as per consumer’s choice. Consequently, the replacement of tire pressure monitoring system is rare.

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In terms of region, the global tire pressure monitoring system market for automotive can be segregated into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The global tire pressure monitoring system market was dominated by Asia Pacific, and held more than 33% share, in 2017. The penetration of tire pressure monitoring system is low in Asia Pacific; however, the region dominates the global market due to large production of vehicles.

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Air Purifiers Market Key Drivers and Top Manufacturers Forecast Till 2025

There are many factors that are driving the global air purifiers market. Growing motorization and industrialization has raised the pollution level at a rapid pace, which is expected to be a major driver of the global market. Increase in pollution has also fuelled instances of airborne diseases, which in turn, is also anticipated to boost the market. Rising health consciousness, along with the advancement in air purification technology, which has made air purifiers very effective against pollution, is expected to be a key driver of the market.

There are, however, some factors that are hampering the market’s growth. The high price of air purifiers have kept them out from the reach of the masses. These are positioned as luxury products rather than necessity, even in the most polluted regions in the world. This factor is estimated to be a major restraint of the market. Moreover, air purifiers also release harmful byproducts, which is anticipated to hamper the market. Furthermore, the high investment required for consistent R&D to stay ahead of the competition is also expected to hinder the market.

The market also has points of opportunities. Increasing internet penetration has opened new channels of sales such as Alibaba and Amazon for air filters. These new channels are advantageous to both end-users and vendors as they eliminate the role of middlemen in the value chain. Moreover, an increasing number of air purifier manufacturers are presently launching new models to cater to individual demands of different customers. Furthermore, favorable government initiatives are also expected to increase the sale of air filters.

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The global air purifiers market can be segmented based on technology, end-use industry, and geography. Based on technology, the market can be segmented into photo plasma, ultraviolet germicidal irradiation, thermodynamic sterilization (TSS), polarized-media electronic, activated carbon, ionizer purifiers, photocatalytic oxidation (PCO), titanium dioxide, ozone generators, and others. In terms of end-use industry, the market can be divided into commercial, residential, industrial, and medical. Based on end-use industry, significant demand is expected to come from business segment primarily driven by the HVAC industry. The residential segment is expected to expand at a prominent growth rate due to the consistent increase in consciousness about health and pollution.

Based on geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold a major share of the global market due to the presence of a large number of major industry players and rising health consciousness among people in the region. The market in the region is also expected to expand at a significant rate, due to the contribution of countries such as the U.S. and their increasing adoption of air purifiers.

Europe, primarily driven by high income population in developed economies, is expected to follow North America in terms of market share. Europe is expected to be followed by Asia Pacific in terms of market share. The market in Asia Pacific is anticipated to expand at a prominent growth rate due to the increase in pollution due to rising industrialization in the region. The region has numerous cities that are badly hit by rising vehicular pollution. China and India are expected to contribute significantly toward  to the expansion of the market in the region.

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Major players operating in the global air purifiers market are Alen Corporation, AllerAir Industries, Austin Air Systems Ltd., Beijing YADU Science & Technology Co., Ltd., Blueair AB, COWAY Co., LTD., Camfil AB, Daikin Industries, Ltd., Eureka Forbes Ltd, Honeywell International, Inc., IQAir, Jarden Consumer Solutions (Europe) Limited, Koninklijke Philips N.V. and LG Electronics Inc. Other prominent players of the market are Panasonic Corporation, Rabbit Air, Samsung Electronics Co. Ltd., Sharp Corporation, WINIX Inc., and Whirlpool Corporation.

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