New study: Embossed Film Market forecast to 2028

Transparency Market Research delivers key insights for the embossed film market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2020-2028. In terms of growth, the global embossed film market is projected to witness growth of 3.5% by the end of 2028, owing to increasing use of embossed film in end-use industries, such as food & beverages, automobile, home care, personal care & hygiene, building & construction, printing & stationery, and others. About these, TMR offers detailed insights and forecasts in the embossed film market report.

Embossed films have different visual appeal compared to conventional plastic films. Embossed films provide soft and cloth such as surface and have high friction resistance, which makes them ideal for applications such as flooring, liners for rubbers and tires, and back sheet films diapers and feminine napkins. The embossed film market is expected to grow followed by the push of end-use industries, such as automobile, building & construction and printing, which currently is registering a significant growth in several regions, owing to increased consumption. The decorating surface of machines with embossed films is likely to augment the market growth during the forecast period.

Use of Embossed Film in Rubber & Tire Industry to Drive Market Growth

Embossed films are used as release films in the rubber & tire industry. Embossed films help in the retention of rubber properties, along with preventing dust and foreign particles to stick from the rubber, which can spoil the quality of rubber during storage or shipment.

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It is quite evident that the demand for tires is highly dependent on the growth of the automobile industry. Globally, the automotive industry has recovered from the economic crisis and is witnessing an upward trend. Furthermore, until quite recently, traditional tire makers such as Bridgestone, Michelin, and Continental were the dominant players with over 50% market share. However, the arrival of Asian players has further fragmented the tire segment across the globe. Moreover, replacement of tires is likely to boost the demand for tires. The growth in the demand for tires is likely to boost the demand for embossed films.

Embossed Films for Decorating Machines to Provide Lucrative Opportunities for Market Growth

The increased consumption of coffee across the globe is likely to increase the demand for coffee machines. In addition, rapidly growing market for on-the-go beverages, particularly caffeine infused beverages, is expected to have a direct impact on the sale of coffee machines for commercial and institutional purposes.

Embossing film is used for the exterior décor of the coffee machines, which enhances the design, color, and haptic coffee machines. Furthermore, scratch resistance is one of the attractive features of embossing films, which makes it preferable for coffee machine manufacturers.

ISOFILM is an embossed film manufactured by ISOSPORT Verbundbauteile GmbH for coffee machines. This is anticipated to augment the demand for embossing films in coffee machines and provides opportunity for use of these films in other beverage or snacks dispensing machines.

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Recycled Embossed Films to Reduce Environmental Hazards

Majority of embossed films is made from polyethylene resin and can be readily recycled if the material is dry and clean. With increase in demand for environmental sustainability, customers now expect to see immediate action to be taken on products or services, which cause hazardous environmental impacts. As a result, manufacturers of embossed films are now carefully considering consequences of their commercial decisions. Nowadays, customers are assertive to take decisions that they know will have a negative impact on the society or environment.

Improving and increasing recycling facilities across the globe make it easier to recycle embossed films. Resin coding systems allow material segregation and low pressure on recycling facilities. Manufacturers such as RKW SE & Oerlemans Plastics BV provide 100% recyclable embossed films to their customers, which is likely to drive environmental sustainability while serving the purpose to end users.

Embossed Film Market: Competition Landscape

The global embossed film market is highly fragmented in nature into which, the larger portion of market share is held by domestic market players. Some of the key players operating in the global embossed film market are RKW SE, Uflex Ltd, Cosmo Films Ltd, Napco National Company, Sigma Plastics Group, FSPG Hi-tech Co., Ltd, Charter NEX Films, Inc., OHISHI SANGYO CO., LTD., Oerlemans Plastics BV, ISOSPORT Verbundbauteile GmbH, Wiman Corporation,Aintree Plastics Ltd, C. E. Shepherd Company, Skymark Packaging International Limited, and Hi-Tech Packaging (India) Private Limited.

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Smart Home Digital Assistant [Voice] Market Opportunity Assessment, Business Opportunities, Top Industry Players, Trend and Growth to 2030

Transparency Market Research delivers key insights on the global smart home digital assistant (voice) market. In terms of revenue, the global smart home digital assistant (voice) market is estimated to expand at a CAGR of ~17% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global smart home digital assistant (voice) market.

The global smart home digital assistant (voice) market is broadly impacted by several factors, including increasing investment in smart home devices and technologies across the globe. Thus, expanding adoption of smart home digital assistants (voice) by different end users is propelling the global smart home digital assistant (voice) market.

Smart Home Digital Assistant (Voice) Market: Dynamics

A smart home digital assistant (voice) enables the communication service to interact with users based on a voice command through an engineered entity residing in the software that interfaces with humans in the human way. Some of the trending intelligent virtual assistants such as Apple’s Siri, Microsoft’s Cortana, Amazon’s Alexa, and Google Assistant usually operate based on cloud computing architecture.

Adoption of voice-powered smart speakers has seen huge increase across the globe. In a report published by Capgemini, the years 2017 and 2018 saw a 145% increase in the installed base of smart speakers in the top six countries across the globe (U.S., U.K., China, Germany, Canada, and South Korea). Over the past 2-3 years, customer segments, which are actively using voice assistants has also increased.  According to the Conversational Commerce Survey, in the U.S., the U.K., Germany, and France, approximately 51% of the respondents said they are actively using voice assistants.

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In 2020, the number of smartphone users in the world stands at 3.5 billion, which translates to 44.87% of the world’s population possessing a smartphone; it is also estimated that 50% of searches could be by voice by the end of the year 2020. The increased adoption of NextGen technology as well as the penetration of smartphones, which will enable 50% of searches by voice is driving the smart home digital assistant (voice) market. Software, which has embedded technology for text and speech recognition with platforms, which support communication, are offering high revenue growth opportunities across the market. This has led to growth of the smart home digital assistant (voice) market.

Smart Home Digital Assistant (Voice) Market: Prominent Regions

Presently, in the global the smart home digital assistant (voice) market, North America dominates the market due to the early and strong adoption of smart home technologies and devices. The North America smart home digital assistant (voice) market is expected to reach US$ 4,621.9 Mn by the end of year 2030 from US$ 1,396.2 Mn in year 2019, at a CAGR of 12.1% during the forecast period. The North America market for smart home digital assistants (voice) is primarily led by large enterprises in the U.S.

The smart home digital assistant (voice) market in Europe and Asia Pacific is projected to witness favorable growth during the forecast period, due to significant rise in technology adoption by millennial in the regions. In the near future, Asia Pacific is expected to see the fastest growth in the smart home digital assistant (voice) market due to low cost voice assistant devices offered by Chinese companies such as Baidu and Xiaomi. The Asia Pacific smart home digital assistant (voice) market is expected to reach US$ 6,110.3 Mn by the end of year 2030 from US$ 760.9 Mn in year 2019 at a CAGR of 22.0% during the forecast period.

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Smart Home Digital Assistant (Voice) Market: Key Players

Key players operating in the global smart home digital assistant (voice) market are Amazon.com, Inc., Apple Inc., Microsoft Corporation, Google LLC, Samsung Group, Yandex, InGen Dynamics, Inc., and Nuance Communications, Inc.

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Global Robo-Taxi Market Revenue Strategy 2020

Transparency Market Research has published a new report on the robo-taxi market for the forecast period of 2019–2030. According to the report, the global robo-taxi market is projected to reach a value of ~US$ 15 Bn by 2030, expanding at a CAGR of ~58% during the forecast period of 2019 to 2030.

Global Robo-Taxi Market: Overview

• According to the report, the global robo-taxi market is likely to be driven by the demand for reduction in the total cost of ownership by ride-hailing companies.
• The emergence of new business models, such as ‘mobility as a service’, are offering significant opportunities to automakers instead of one-time vehicle sales. Automakers are trying to introduce autonomous vehicles in taxi services to improve consumer service, offer ride-service at lower costs, and lower the operating cost of the service.
• Key players such as Uber Inc., Waymo, Baidu, and Easy Mile are successfully conducting pilot projects on robo-taxis, and are expected to lead the global robo-taxi market.

Expansion of Global Robo-Taxi Market

• Robo-taxis reduce the cost of ownership of a fleet operator by 30% to 50%. Radical shift from private ownership of vehicles to shared mobility has evolved the mobility industry, making it imperative for ride-hailing companies to offer services at competitive costs.
• The robo-taxi market is at the development stage, with expansion likely to occur post 2025.
• The U.S. and China have favorable regulatory frameworks to test autonomous vehicles. Several pilot projects are being carried out in these countries, and are expected to lead the global robo-taxi market.

To Get a Bird’s Eye View of Robo-Taxi Market Forecast, Ask for a Custom Report

Based on application, the global robo-taxi market has been bifurcated into public transport and others. The rising adoption of autonomous vehicles in ride-hailing services and shared mobility is projected to drive the public transport segment, and subsequently, the robo-taxi market. Robo-taxis are also being utilized to commute shorter distance within business parks, universities, industrial sites, amusement parks, and residential townships.

Based on vehicle, the global robo-taxi market has been classified into cars and shuttles. The cars segment is anticipated to hold a dominant share of the global robo-taxi market, with companies such as Uber Inc., Waymo, Baidu, and Pony.ai launching robo-taxis for the markets in North America and Asia Pacific. The shuttles segment holds a significant share of the robo-taxi market, as autonomous vehicles are being adopted to serve geo-fenced areas such as industrial parks, airports, and universities.

Regional Analysis of Global Robo-Taxi Market

• In terms of region, the global robo-taxi market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held a prominent share of the robo-taxi market in 2018. It is anticipated to dominate the global market during the forecast period. Favorable regulatory framework, sustained investments in infrastructure, consumer acceptance of autonomous driving, and the presence of key players in the U.S. is driving the robo-taxi market in North America.

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Prominent players operating in the global robo-taxi market include Waymo LLC, Aptiv, NAVYA, Uber Technologies, GM Cruise, EasyMile, MOIA, Baidu, Tesla, DiDi, and AB Volvo.

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Automotive Camera Market Growth Statistics to Make Multi-Billion Dollar Market during 2020-2026

Leading manufacturers of automotive cameras are leveraging the wide angle lenses’ popularity. Several OEMs have been continuously exploring safety solutions having capability to capture driver blind spots. Camera module manufacturers and OEMs are likely to collaborate and increase their investments for developing new technologies pertaining to automotive cameras.

A report recently collated by Transparency Market Research (TMR) has profiled key companies supporting growth of the automotive camera market worldwide. These market players include Media Data Systems Pte Ltd., Robert Bosch GmbH, Delphi Automotive LLP, Valeo Inc., KYOCERA Corporation, Transcend Information Inc., Ficosa International S.A., Continental AG, Qrontech Co. Ltd., Autoliv Inc., and Ambarella.

The report projects the global automotive camera market to exhibit an impressive CAGR through the forecast period (2017-2026). Growing demand for various cameras such as digital camera, infrared camera, and thermal camera in passenger cars and commercial vehicles is expected to pave immense industry potential. Automotive camera sales across the globe are estimated to account for approximately US$ 4,800 Mn revenues by 2026-end.

With slowdown in the global economic growth, several industrial sectors suffered stagnancy and automotive camera industry was no exception. Yet, it still has maintained a relatively optimistic expansion over the recent years. Growth of the global automotive camera market is primarily being fuelled by surging demand for complementary metal-oxide semiconductor image sensors (CMOS image sensors).

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These sensors deliver an improved experience by providing a broad-angle view of the surroundings. In addition, there has been a tremendous surge in adoption of safety solutions, particularly the driver assistance & safety systems such as lane departure warning system (LDWS), blind spot detection system (BSD), forward collision warning system (FCW), head-up displays, and pedestrian protection. Furthermore, shifting focus of automotive manufacturers toward replacing side-view mirrors with cameras will buoy expansion of the automotive cameras market in the upcoming years.

APEJ and Europe to Remain Most Profitable Markets for Automotive Camera

Asia-Pacific excluding Japan (APEJ) and Europe are anticipated to remain the most profitable markets for automotive camera. The market in North America is projected to register a relatively slower expansion than in APEJ and faster than in Europe through 2026. Revenues from automotive camera sales in North America will also account for a significant market share by 2026-end. In contrast, automotive camera market in Middle East & Africa (MEA) and Latin America will account for the lowest revenue shares of the market throughout the forecast period.

Rear-view enhancement and corner-view cameras are projected to remain dominant among products in the automotive camera market, in terms of revenues. Although revenues from side-view cameras will account for the smallest market share, these cameras are expected to lead the market in terms of sales expansion through 2026, followed by corner-view cameras.

Compact Passenger Cars – Most Lucrative Vehicles in the Market

Compact passenger cars are anticipated to remain the most lucrative among vehicles in the global automotive camera market, followed by mid-sized passenger cars. Light commercials vehicles are also expected to gain ample revenue share of the market by 2026-end. On the other hand, heavy commercial vehicles will continue to account for the smallest revenue share of the market.

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Automotive cameras will continue to witness the largest application in parking surround view, trailed behind by 360? surround view. In addition, drowsiness and blind spot applications of automotive camera will register the fastest expansion at nearly equal CAGRs through 2026.

On the basis of technology, although stereo cameras will remain preferred among vehicle owners, sales of mono cameras and infrared cameras will reflect relatively higher CAGRs through 2026. Revenues from sales of infrared cameras will remain comparatively larger than those from mono cameras.

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Container Fleet Market Growth Statistics to Make Multi-Billion Dollar Market during 2020-2025

The business landscape of the global container fleet market is characterized by the rivalry between several international and local yet established players, states a research report by Transparency Market Research (TMR). The market demonstrates a moderately consolidated structure with AP Moller – Maersk, CMA CGM, Mediterranean Shipping Co., China Ocean Shipping, Hapag Lloyd, and Evergreen Marine holding more than 58% of the overall market in 2016. The leading players are increasing focusing on mergers, acquisitions, and strategic collaborations to sustain in the highly competitive environment of this market, notes the research study.

As per the research study, the global market for container fleet was worth US$8.8 bn in 2016. Research analyst expect the opportunity in this market to expand at a healthy CAGR of 5.70% during the period from 2017 to 2025 and reach a valuation of US$14.4 bn by the end of the period of the forecast. The demand for dry containers is greater than other types of containers available in this market and the trend is anticipated to continue over the next few years, states the research report.

According to the report, container fleet finds application in the automotive, mining and minerals, oil, gas, and chemicals, food and agriculture, and the retail industries. With a share of more than 20%, the automotive industry surfaced as the leading end user of container fleet across the world. While this industry will continue as the key end user throughout the forecast period, the mining and minerals industry will also report a high demand for container fleet in the years to come.

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In terms of the geography, the report has classified the worldwide container fleet market into Asia Pacific, the Middle East and Africa, Latin America, North America, and Europe. With a share of 35.2%, Asia Pacific dominated the global market in 2016. Displaying a high growth rate, this regional market is anticipated to remain on the top over the next few years. Apart from Asia Pacific, the Middle East and Africa market for container fleet is expected to witness significant growth in the near future, thanks to the expansion in the oil, gas, and chemicals industry in this region.

Rise in Intermodal Transport to Boost Market’s Growth

“The global market for container fleet is expected to gain significantly from the rise in intermodal transport,” says a TMR analyst. The intermodal transportation, which refers to shipping intermodal containers, including large steel containers, offers better efficiency and is capable of carrying a large number of containers on a daily basis. The augmenting demand for intermodal containers has, consequently, reflected on the need for container fleet, resulting in the high growth of this market.

In addition to this, the escalating demand for refrigerated cargo shipping is projected to impact positively on this market in the years to come. However, the easy availability of terminals or ports with container facility may hamper the progress of this market over the forecast period, states the report.

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The review is based on a report by Transparency Market Research (TMR), titled “Container Fleet Market (Type – Reefer Container, Dry Container, and Tank Container; End User – Automotive, Oil, Gas and Chemicals, Mining and Minerals, Food and Agriculture, and Retail) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”

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Mattress Market Augmented Expansion to be Registered until 2027

The demand within the global mattress market is rising on account of advancements in the residential sector. The need for mattresses in households and hotel is indispensable, and this creates a plethora of opportunities for market growth. Furthermore, use of mattresses is not only related to enhancing the comfort levels of people, but also have an aesthetic dimension to it.

As custom-designed beds make their way into the residential sector, the demand within the mattress market is bound to rise. The use of small mattresses for cushioning of sofas, couches, and other furniture is also a key consideration from the perspective of market growth.

Transparency Market Research (TMR) holds that global mattress market would grow at a sturdy CAGR of 7% over the period between 2019 and 2027. The total value of the global mattress market stood at US$ 37 Bn in 2019, and this figure is expected to reach US$68 by 2027. The demand for mattresses in the residential sector has grown at a robust pace.

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Comfort comes Prior for Consumers

The level of comfort offered by a mattress depends on the type of stuffing used to plump it. The manufacturers are using the best suited materials such as cotton and fur to offer high-quality, comfortable, and durable mattresses. The cumulative demand within the global mattress market is projected to reach new heights in the years to follow. Foam and latex mattresses have especially witnessed a surge in demand in recent times. Moreover, the quest of the market players to offer the most fitting products to the consumers has aided market growth.

The demand within the global mattress market is expected to grow with advancements in several industries including interior planning, designing, and hotel management. The quest of worldwide hospitality chains to offer the highest level of comfort to guests is a key dynamic of market growth. Furthermore, the growing use of social media to write review about stays and experiences at hotels has also put hospitality vendors on their toes.

IKEA Causes Disruption in Global Market

IKEA is a renowned name in the global mattress market, and the company is known for manufacturing comfortable mattresses. The company offers a wide range of king and queen-size mattresses that are designed to ‘serve customer needs.’ The HYLLESTAD spring mattress by IKEA has become a favourite amongst consumers because of the high level of comfort offered by this mattress type.

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The resilient and comfortable foam of the mattress binds along the contours of the body to offer premium comfort and rest. The growth of IKEA into a mammoth-sized market vendor has aided market growth. Sleepwell has also emerged as a renowned player in the global mattress market, and is rapidly growing into a preferred brand for consumers.

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Cooling Tower Market Augmented Expansion to be Registered until 2027

According to a new market report published by Transparency Market Research on the cooling tower market for the forecast period of 2019-2027, the global cooling tower market is expected to reach ~US$ 5 Bn by 2027, expanding at a CAGR of ~3% from 2019 to 2027. Europe held a prominent share of the global cooling tower market in 2018.

Field-erected cooling towers are large structures made of concrete, FRP (fiber reinforced plastic), wood, etc., meant to withstand weather changes. These towers are generally used in heavy industrial areas where they utilize large volumes of water to perform cooling processes. They are anticipated to hold the largest market share by 2027 under the construction segment. Factory-assembled cooling towers are also known as ‘package’ or ‘modular’ cooling towers, and are made in a factory. They are comparatively smaller in size, energy-efficient, take less space and time to build, and are cost-effective. These are used in small industrial plants.

The North America cooling tower market is anticipated to grow at significant rate during the forecast period. In North America, end-use industries such as the power sector extensively use field-erected, concrete-made cooling towers that can hold large capacities of water. Moreover, the induced draft type is a widely used cooling tower technology in North America. For instance, global cooling tower manufacturer SPX Corporation recommended replacing a 80 horsepower (HP) forced draft cooling tower with a 30 HP induced draft cooling tower, which increased the cooling tower capacity by 5%, and consumed only 38% of energy as compared to a forced draft cooling tower.

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The induced draft cooling tower segment holds the largest share of the cooling tower market in North America, and is expected to lead the market during the forecast period. Natural draft cooling towers are the second-most popular type installed in North America. Natural draft cooling towers consume less power than induced draft cooling towers.

Europe is the largest cooling tower market, globally. New cooling tower installations and replacement demands are aiding in the growth of the market in Europe. The power sector in the region, especially gas-fired power plant installations, is fueling the demand for these towers. Evaporative technology is the most common technology used in cooling towers in Europe.

In evaporative technology, there is direct contact of cooling tower water with the air. In October 2016, EUROVENT, an association of cooling tower manufacturers in Europe, released Eurovent 9/12, which is an industry standard for thermal performance efficiency for evaporative cooling towers and other cooling equipment. The evaporative cooling tower segment holds the maximum market share, while dry cooling is the second-most used technology. This method of heat transfer is expected to grow moderately during the forecast period. Hybrid cooling towers are witnessing increase in demand, as they reduce thermal plume and conserve freshwater use in plants.

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Some of the major players in the global cooling tower market include Baltimore Aircoil Company (BAC), ENEXIO Management GmbH, Hamon & Cie (International) SA, Babcock & Wilcox Enterprises, Inc., SPX Corporation, Bell Cooling Towers Pvt. Ltd, Brentwood Industries, Inc., Paharpur Cooling Towers Ltd, Star Cooling Towers, and Delta Cooling Towers, Inc.    

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