Autonomous Truck Market In-Depth Qualitative Insights & Future Growth Analysis 2025

An autonomous truck, which is also known as self-driving truck, can run on the roads without the physical presence of a human driver. Autonomous trucks utilize advanced technological systems such as improved quality sensors and cameras, which in turn eliminate the requirement of the physical presence of a driver for running the truck. The platooning of vehicles, which is also known as vehicle-to-vehicle interaction, is an upcoming concept in the autonomous truck market and has been gaining significance for the last few years.

Increasing shortage of human drivers has been observed in recent years owing to the ever-increasing volumes of goods and materials being shipped and transported by means of trucks. For example, according to the American Trucking Associations, the trucking industry is witnessed a shortage of nearly 50,000 drivers in 2017, owing to the rising demand for transportation of materials in large volumes by means of trucks. This increasing shortage of human drivers in the trucking industry is expected to drive the autonomous truck market during the forecast period. Furthermore, an autonomous truck does not face the restriction of number of working hours, as is faced by a human driver driving the truck. The usage of an autonomous truck can thus increase the shipping volumes, as compared to those achieved by a truck driven manually by a driver. This is further expected to boost the autonomous truck market in the near future.

An autonomous truck also reduces the probability of accidents caused by human error due to driver negligence. This is further anticipated to propel the autonomous truck market during the forecast period. Increasing efforts being taken by the OEMs (original equipment manufacturers) as well as the governments of various nations across the world in order to develop and implement autonomous trucks equipped with high technology at an affordable price are likely to fuel the autonomous truck market in the near future.

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An autonomous truck operates by means of advanced electronic and software systems. These highly advanced electronic and software systems are prone to the threat of hacking. Hacking of the software system, by means of which the vehicle operates, can directly place the control of the vehicle in the hands of the hacker. This is likely to lead to accidents, leading to severe monetary losses. A newly emerging technology in autonomous trucks is robotic trucks. Robotic trucks cannot react to certain situations, as a human driver can, as in case of a four-way intersection. This can lead to accidents. Also autonomous trucks can cause issues of unemployment, especially in developing regions of the world where truck driving is a major means of earning for people from a certain section of the society. These minor flaws in autonomous trucks are likely to hinder the autonomous truck market to some extent during the forecast period.

The high adoption rate of the advanced technology, which is employed in autonomous trucks, is estimated to lead to several job cuts in the next few years. This is anticipated to witness resistance to some extent from some sections of society, particularly in developing countries across the world where truck driving is perceived as a means of earning a livelihood by a considerable proportion of the nation’s population. This is anticipated to restrain the autonomous truck market to some extent in the near future.

Based on level of automation, the autonomous truck market can be segmented into function-specific automation, combined function automation, limited self-driving automation, and full self-driving automation. The limited self-driving automation or semi-autonomous trucks segment is currently dominating the autonomous truck market owing to the presence of ADAS (advanced driver assistance systems) in these vehicles and the rising awareness about taking necessary safety precautions among consumers. However, the increasing efforts being taken by governments to promote the usage of fully autonomous trucks are expected to fuel the full self-driving automation segment toward the end of the forecast period.

Based on the type of sensor, the autonomous truck market can be divided into radar sensor, LiDAR sensor, image sensor, ultrasonic sensor, and fusion sensor. Currently, the radar sensor segment is dominating the autonomous truck market owing to its numerous advantages such as light weight, capability to operate even in adverse environmental conditions such as rain, fog and snow, long range detection, and flexible mounting. A novel type of sensor, known as fusion sensor, is being developed, which combines the properties of both radar and LiDAR sensors. The fusion sensor is currently in the developmental stage. However, extensive research and development activities being carried out in the field of fusion sensors are expected to provide lucrative opportunities for the fusion sensor segment of the autonomous truck market toward the end of the forecast period.

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Based on the hardware and software forecast, the autonomous truck market can be classified into communication systems forecast, camera forecast, and GPS system forecast.

Based on geographical region, the autonomous truck market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to expand at a significant growth rate during the forecast period. This is attributed to the high adoption rate of technology in the region and the increasing efforts being taken by OEMs to develop and introduce autonomous trucks in the region. For instance, the startup Embark has developed autonomous trucks that are being utilized to haul refrigerators in California. Uber’s autonomous truck is employed to haul cases of beer across Colorado. The market in Europe is also expected to expand at a considerable growth rate in the near future owing to the increasing efforts being taken by OEMs as well as the European Union to develop and introduce autonomous trucks in the region.

Key players operating in the global autonomous truck market include Uber Technologies Inc., Daimler AG, Ford motor Co., AB Volvo, BMW AG, Tesla Inc., Google Inc., IVICO, MAN, DAF, Scania, among others.

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Power Weeder Market Size 2020: Booming Industry in Upcoming Years Due To Global Demand With Leading Key Players

 

• A power weeder is a two-wheeled agricultural equipment with weeders attached to it. A power weeder can be operated by the operator either by walks or attach it to a tractor to guide the equipment.
• Demand for multipurpose weeding tool in farming is likely to drive the global power weeder market. Power weeders are utilized to remove weeds, stir and pulverize the soil, and to loosen the soil after the crop has begun to grow. Additionally, power weeders are widely used to weed cotton, tomato, tapioca, paddy, sugarcane and pulses among other plant fields.

Key drivers of Power Weeder market

• Rise in adoption of powered equipment for agriculture activities across the globe is estimated to be a prominent driver of the global power weeder market in the near future. Mechanization of agricultural activities is expected to propel the demand for agricultural tractors, harvesters, cultivators, and power weeders among other mechanical farming equipment. Developing economies depend heavily on agriculture; and their growing populations fuel the need for high farm yield. Consequently, governments and international organizations have been initiating various schemes to promote mechanization in the agriculture sector. This, in turn, is expected to drive the global power weeder market.
• For instance, in August 2020, in India, under the Sub-Mission on Agricultural Mechanization, the government released US$ 7.48 Bn to state governments across the country in order to boost inclusive growth and productivity in agriculture through mechanization. Similarly, in Africa, the African Union is aggressively promoting the adoption of sustainable mechanization across the continent under its Comprehensive Africa Agriculture Development Program. Thus, off-highway vehicles, such as tractors and harvesters, are expected to play a pivotal role in augmenting agricultural productivity in these regions.

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• Rise in subsistence farming and agricultural activities, globally, is boosting the global power weeder market. Power weeders are cost-effective, smaller in size than tractors, and can be used in various plant fields as compared to tractors; hence, they are employed extensively by small farmers. Tractors can be difficult to operate in hilly areas and on slopes; hence, power weeders are highly useful, as they can be easily maneuvered across small farms. Power weeders are lighter than tractors and hence, provide minimal soil compaction.
• However, disruptions in supply chain catering to the power weeder market, owing to the global pandemic of the coronavirus has led to the shutdown of production and manufacturing facilities, which in turn caused a shortage of raw material. This, in turn, is estimated to hamper the global market in 2020. The coronavirus pandemic has negatively affected the power weeder market across the globe.

Asia Pacific to hold prominent share of power weeder market

• In terms of region, the global power weeder market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.
• Asia Pacific has presence of robust expanding economies including China, Japan, India, and South Korea. Asia Pacific is home to a significantly large population, as compared to other regions. Therefore, agricultural activities across Asia Pacific are expected to increase during the forecast period in order to cater to the rising demand for agricultural products across the region.
• Increase in awareness about several benefits offered by mechanical farming equipment, such as saving time and labor costs coupled with government subsidies on farming equipment, is expected to drive the power weeder market in Asia Pacific. All the factors mentioned above have led Asia Pacific to account for a prominent share of the global power weeder market.

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Key Players Operating in Global Power Weeder Market

The global power weeder market is highly concentrated due to the presence of top manufacturers. A few key players operating in the power weeder market are:

• FALC srl
• Greaves Cotton Limited
• Honda Power Equipment
• Kerala Agro Machinery Corporation Ltd. (KAMCO)
• Kirloskar Oil Engines Limited (KMW)
• Kranti Agro
• KUBOTA Corporation

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Embedded System for Automotive Market Growth Advancements, Current Scenario of COVID-19 & Forecast 2025

An embedded system is a combination of computer hardware and software with dedicated function, either fixed in capability or programmed that are designed, to maximize efficiency and reduce pollution. The embedded system is an integral part of automotive safety systems, which include anti-lock braking system, electronic stability control, traction control, and automatic four-wheel drive. It displays information either on the windshield of the car or on a separate screen. The embedded system hardware includes microcontroller or microprocessor, integrated circuit, central processing unit, and others. The embedded software system includes operating system such as Linux, Windows, Java, and others.

Embedded System for Automotive Market: Drivers and Restraints

Rise in demand for embedded systems, which are generally available in the cars, is expected to drive the embedded system for automotive market during the forecast period. Furthermore, increase in modernization in the automobile industry, vehicle electrification, safety, and comfort are expected to boost embedded system during the forecast period. The embedded system for automotive market is likely to expand with a significant growth rate as all modern vehicles are equipped with embedded systems owing to extensive demand for safety and comfort while driving. This is expected to drive the embedded system for automotive market during the forecast period. Automotive embedded systems have a short life, which is estimated to restraint the embedded system for automotive market during the forecast period.

Embedded System for Automotive Market: Key Segments

The embedded system for automotive market can be segmented based on type, vehicle type, electric vehicle, sales channel, and region. Based on type, the embedded system for automotive market can be segregated into two types. Among type, the embedded hardware segment holds a prominent share of the market, as compared to the other segment. Embedded hardware includes four different components. The embedded hardware segment is expected to expand at a significant growth rate due to replacement of components in the vehicle owing to malfunction.

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Based on vehicle type, the embedded system for automotive market can be classified into two different vehicle types. Among which, the passenger vehicles segment accounts for major market share of embedded system. The passenger vehicles segment can be further sub-segmented into hatchback cars, sedans, multipurpose vehicles, and sports-utility vehicles.

.In terms of electric vehicle, the embedded system for automotive market can be classified into two types. Among which the passenger electric vehicle segment holds the prominent market share of embedded system. The passenger electric vehicle segment can be further sub-segmented into battery operated electric vehicle, plug-in hybrid vehicle, and hybrid vehicle. Embedded system are expected to witness significant growth owing to increase in demand for electric vehicle.

Based on the sales channel, the embedded system for automotive market can be bifurcated into two types. The aftermarket segment accounts for a higher share of the embedded system for automotive market, as compared to the other segment. This due to short life of the embedded system and continuous replacement of electronic components.

Based on geography, the embedded system for automotive market can be segmented into five different regions. Asia Pacific accounts for a major share of the global embedded system for automotive market owing to the high adoption rate of embedded system and the expansion of the automotive sector leading to an increased production of vehicles with embedded system, especially in China, India, Japan, and South Korea.

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Also demand for embedded system are likely to witness significant growth in this region due to higher adoption rate of electric vehicle. Adding to the demand of electric vehicle is the subsidies offered by government which is expected to be a key factor to boost the demand for embedded system for automotive market during the forecast period.

Embedded System for Automotive Market: Key Players

Key players operating in the global embedded system for automotive market include Robert Bosch GmbH, Continental AG, Denso Corporation, Panasonic Corporation, Delphi Technologies, Infineon Technologies AG, and NXP Semiconductors.

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Hand Wash Station Market Increasing Demand with Leading key players

 

• A hand washing station is a portable sink which can be placed for outdoor hand cleaning. The product is also used for indoor applications.

Key Drivers of the Global Hand Wash Station Market

• Rising prevalence of H1N1 and COVID-19 is one of the key drivers of the hand wash station market. Rising consumer awareness about the importance of hand hygiene is expected to have a positive impact on the global hand wash station market.
• As per guidelines published by the World Health Organization (WHO) on April 1, 2020, every private and public commercial building should install a hand wash station for public access. This is one of the major reasons for the sales of hand wash stations at the global level.
• Huge innovations and technological advancements in the manufacturing process of hand wash stations, including foot pump sink, single sink, and multiple sink, drives the growth of the hand wash station global market.
• The commercial end-user segment is likely to expand at a higher pace in this market. Large number of corporate companies are installing hand wash stations near or inside their office premises.

Rising Investment from Government Sector to Create New Market Opportunities

• Governments of different developing countries are investing in hand wash station installation in rural and metro cities. This could create new opportunities in the market.

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High Bargaining Power of Buyers to Restrict Market Growth

• A large product range of hand wash stations are available in the market. Moreover, many small-scale manufacturers offer this product at a lower price. As a result, bargaining power of buyers is very high. This slows down the market growth for large scale manufacturers.

Asia Pacific the Dominant Market for Hand Wash Stations

• Asia Pacific accounted for the largest and fastest growing hand wash station market in 2019. North America and Europe accounted for significant share of the hand wash station market, with major players operating their global markets from these regions.
• Many small & medium companies are present in North America, Asia Pacific, and Latin America region. However, Germany and China are the hubs of hand wash station manufacturers.

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Key Players Operating in the Global Hand Wash Station Market

The global hand wash station market is fragmented in nature. Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the key players operating in the global hand wash station market are listed below:

• Acorn Engineering Company, Inc.
• CROWN VERITY INC.
• Monsam Enterprises
• PolyJohn
• Mr. John
• TEAL Patents
• Belson Outdoors
• Transplumb Water Technologies
• JW Craft Portable Restrooms, Inc.

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Educational Toys Market Growth Factors, Applications, Regional Analysis, Key Players and Forecast till 2026

Educational toys are informative toys used for the social, cognitive, physical, and emotional development of toddlers, infants, elementary, preschoolers, and middle school kids. It also stimulates the learning process in children. Educational toys include activity sets, construction sets, math and science kits, play dough, DIY craft kits, and theme based toys related to alphabets, animals, & numbers. Educational toys are expected to instruct and encourage knowledge development of children.

Trending factors such as innovative robotics toys for S.T.E.M (science, technology, engineering, and math) education, rising 3D shapes in toy designs, and surging green educational and eco-friendly toys are expected to drive the educational toys market globally in the coming years. Moreover, growing number of online buyers is a driving factor for the educational toys market during the forecast period all across the globe. However, the prices of raw material used for making educational toys are inconsistent, which is projected to hinder the educational toys market during the forecast period. Educational toy manufacturers are also progressively focused on using only environment friendly materials, as well as making major investments in R&D that are estimated to be an opportunity for the educational toys market in the future.

The global educational toys market can be divided on the basis of product type, age group, educator type, end user, distribution channel, toy type, and region. Based on product type, the educational toys market is segmented into academic, cognitive thinking, motor skills, and others. Motor skills is further bifurcated into fine motor skills and gross motor skills. Motor skills are expected to dominate the market during the forecast period. In terms of age group, the market is divided into 1 – 4 years, 4 – 8 years, and above 8 years.

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Based on educator type, the market is bifurcated into S.T.E.M. (science, technology, engineering, and math) activities, brain breaks, gifted & talented, classroom games, after school, and lesson plans. On the basis of toy type, the educational toys market is divided into indoor education toys and outdoor education toys. In terms of end user, the market is separated into residential and commercial. On the basis of distribution channel, the market is distributed into offline and online. The online channel is bifurcated into third-party sales and direct sales. The offline segment can be further bifurcated into discount retailers, specialty stores, department stores, sports stores, and stationary shops. The offline channel segment holds a prominent share and is projected to continue its dominance during the forecast period in terms of revenue.

In terms of region, the global educational toys market is segmented into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA). North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the educational toys 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 educational toys market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America educational toys market is segmented into Brazil, Mexico, and Rest of South America.

Key players operating in the educational toys market globally include Mattel, Parent Co., Toys “R” Us, Engino.net Ltd., Learning Resources, LEGO Education, JAKKS Pacific, Inc., Melissa & Doug, MindWare, Inc., Ravensburger AG, Safari Ltd, Simba Dickie Group GmbH, VTech Electronics North America, LLC, BanBao, Bandai Namco Holdings Inc., GigoToys, GoldLok Toys, and Hasbro. Key players in the educational toys market are projected to observe growing demand for educational toys in the near future due to a gradual shift in customer preference from conventional toys like action figures and dolls, to drones, robot toys, and other electronic toys.

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The market is highly fragmented and competitive owing to many options of small and medium enterprises (SMEs) and international brands in the market. Manufacturers are focusing on latest and innovative toys which are moving toward digital and online platforms. As a result, the educational toys market is estimated to witness improvement globally. Educational toys is an active industry, and its improvement is supported by factors such as technology and innovative products.

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Gift Cards Market Analysis, Top Manufacturers, Shares, Growth Opportunities and Forecast to 2030

A gift card is basically a prepaid debit card that comes with a certain amount of money to be utilized for making purchases. There are usually two different kinds of gift cards, one is closed loop cards and the other one is open loop cards. Both the types find use in physical or in person platforms and on online platforms. Several of these gift cards come with a maximum and minimum initial loading amount. Growing acceptance of these cards, particularly amongst the younger generation is likely to foster growth of the global gift cards market through the timeframe of analysis, from 2020 to 2030.

Phenomenal rise in the use of smartphones together with the increasing affordability of data plans has resulted in the growing use of E-commerce websites. Consumers are increasingly making use of various mobile apps, such as eBay, Amazon, and Flipkart, for the purpose of online shopping. Hassle-free purchase and browsing options on E-commerce websites are making online shopping a very profitable business. The growing popularity of online shopping is likely play an important role in the development of the global gift cards market over the timeframe of analysis, from 2020 to 2030.

The global gift cards market has been segmented on the basis of three important parameters, which are card type, end user, and region.

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Global Gift Cards Market: Notable Developments

One of the recent developments in the global gift cards market that is likely to leave an impact on the market is mentioned-below

• In 2019, US-based software solutions provider, InComm, Inc., entered into a partnership with Singaporean–American multinational technology company, Razer Inc. to introduced Google Play gift cards to the Malaysian market. The product has been made available at around 2250 7-Eleven stores in Malaysia.

Some of the prominent organizations in the global gift cards market comprise the below-mentioned:

• Plastek Card Solutions, Inc
• Blackhawk Network Holdings Inc
• Fidelity National Information Services Inc
• Qwikcilver Solutions, Pvt. Ltd
• Walmart Inc
• Amazon.com Inc.

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Global Gift Cards Market: Key Trends

The global gift cards market is characterized by the presence of the following restraints, drivers, and opportunities.

Market to Ride High on the Back of Phenomenal Rise in the Use of E-Commerce Platforms

The growth of the global gift cards market is likely to be influenced by the rising popularity of E-commerce platforms. These shopping platforms have made the use of gift cards quite easy. On the other hand, the option of online payment provides customers with the choice of physical or digital gift cards. Hassle-free use and purchase of gift cards through online platforms are likely to drive development of the global gift cards market over the tenure of forecast, from 2020 to 2030.

There has been an increased demand for closed-loop gift cards as it comes with a pre-paid amount. Open-loop cards are easily available but closed-loop ones are gaining momentum due to the benefits it offers during months of huge sale. Increasing demand for closed-loop cards are expected to bolster growth of the global gift cards market in the years to come.

Global Gift Cards Market: Geographical Analysis

In terms of regions, the global gift card market is anticipated to be dominated by North America throughout the timeframe of analysis, from 2020 to 2030. Presence of several superstores and malls are expected to play an important role in the growth of the market in North America.

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Fogger Disinfectant Machine Market Key Applications, Demand, Size, Type, Trends, Opportunity, and Forecast 2026

Fogger disinfectant machine is a versatile piece of equipment that uses a fine spray to apply a chemical solution for pest or odor control. It can be used for sanitizing, disinfecting, or restricting the growth of mould, viruses, and bacteria. Foggers can be used in agriculture, food processing, hospitals, dairy, and poultry farming industries where sanitizing is an integral part of the process.

Key factors driving the growth of the global fogger disinfectant machine market include increase in number of virus such as Ebola, Zika, etc., rise in usage of fogger disinfectant in agricultural fields, and increase in awareness about basic hygiene and cleanliness among people. Rapid growth in the agriculture and food & beverage industries is likely to drive the demand for fogger disinfectant machines in the near future. Boom in e-commerce has created good opportunities for manufacturers and suppliers in the market. In order to cater to a wide range of customers across the world, producers and distributors of fogger disinfectant are selling their products through various online channels, which is anticipated to generate high demand for the product in the near future.

The global fogger disinfectant machine market can be segmented based on product type, distribution channel, application, and region. In terms of product type, the market can be categorized into manual fogger disinfectant machine and automatic fogger disinfectant machine. Automatic fogger disinfectant machine is projected to dominate the market in the near future as it is an easy to use, energy-efficient equipment, and is advanced than the manual fogger. Based on distribution channel, the global fogger disinfectant machine market can be bifurcated into online and offline channels.

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Online distribution channel includes authorized websites of fogger disinfectant brands and e-commerce portals, whereas offline distribution channel comprises brand outlets, specialized stores, and third party distributors. In terms of application, the global fogger disinfectant machine market can be classified into agriculture sector, hospitals, government offices, schools, and public places. Based on region, the global fogger disinfectant machine market can be divided into Europe, North America, Asia Pacific, South America, and Middle East & Africa. The fogger disinfectant machine market in Asia Pacific is projected to grow rapidly during the forecast period due to increase in awareness about basic hygiene and cleanliness in countries such as China, India, Japan, Thailand, Singapore, Malaysia, etc.

The fogger disinfectant machine market in Middle East & Africa is estimated to witness significant growth during the forecast period due to increase in the number of NGOs working toward cleanliness and protecting of people from insects and deadly viruses such as Ebola, Zika, etc., particularly in the African countries such as Nigeria, Ghana, Congo, Tanzania, and South Africa. The fogger disinfectant machine market in South America is projected to grow at a moderate rate in the near future. Rise in usage of fogger disinfectant machine for air purification, disinfection, and prevention of epidemic in hospitals, warehouses, and factories in countries such as Brazil, Argentina, Chile, Venezuela, and Colombia is likely to drive the growth of the market in the region during the forecast period.

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Prominent players operating in the global fogger disinfectant market include Createch USA Inc., Walex Products Company, Qingdao Saintfine Environmental Technology Co., Ltd., Taizhou Kaifeng Plastic and Steel Co., Ltd., Suzhou Guerjie Trade Co. Ltd., Zhengzhou Oriole Electronic (Group) Joint-Stock Co., Ltd., and Taizhou Kobold Sprayer Co., Ltd. These companies are focusing on innovation in products and research & development to strengthen their foothold in the global market. They are also undertaking joint ventures and mergers & acquisitions with local players to enhance their product portfolio. Besides, manufacturers are focusing on reducing their cost of production and increasing profitability for sustainable growth of their businesses.

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