Automotive Battery Management System Market Insights, Statistics, Shares and Forecasts to 2030

The awareness about environmental hazards is spreading like wildfire across the globe. Many individuals are moving toward using sustainable methods to save the earth from more damage due to factors like global warming. Air pollution is one of the major concerns regarding environmental hazards. To reduce this type of pollution, the adoption of a cleaner transportation mechanism is necessary.

Many people prefer electric vehicles as a good option for cleaner transport. Governments across various countries are also supporting the increased usage of electric vehicles. For the safe utilization of batteries in an electric car, an efficient automotive battery management system is necessary. Thus, based on this aspect, the global automotive battery management system market is expected to garner promising growth across the forecast period of 2020-2030.

These battery management systems assist in detecting and monitoring battery usage. This system also ensures the proper recharging of batteries in an electric vehicle. Thus, all these features of an automotive battery management system help in increasing the growth rate.

Based on battery type, the global automotive battery management system market can be classified into nickel-based, lithium-ion-based, flow batteries, and advanced lead-acid based. These battery management systems are used prominently in electric vehicles, e-bikes, and golf carts. On the basis of connection topology, the automotive battery management system market can be segmented into distributed, modular, and centralized.

The study on the automotive battery management system market helps the CXOs to bury the barriers of fake information and offers a full analysis of varied segments. The report offers a five-point (emerging trends, competitive landscape, a scrutinized detail of the regions, key players, and latest developments) benefit to the stakeholder. This factor plays an important part in imparting the right information to the stakeholder.

Furthermore, the study pays attention to the effect of the SARS-CoV-2 pandemic and also on the dangers that may hurt the growth of the automotive battery management system market. The analysis by the researchers also highlights the opportunities and challenges that the automotive battery management system market is anticipated to face between 2020 and 2030.

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Automotive Battery Management System Market: Competitive Landscape

The automotive battery management system market is consolidated with a few major players accounting for a larger growth share. These companies always strive to attract a large customer base through the launch of novel products and features. This is achieved through intense research and development activities.

Some well-established players in the automotive battery management system market are DENSO Corporation, Gentherm Incorporated, NXP Semiconductor N.V., Continental AG, Robert Bosch GmbH, Hanon Systems, and Renesas Electronics Corporation.

Automotive Battery Management System Market: Increasing Role of Governments in Promoting E-Vehicles to Boost Growth

The growing environmental concerns are leading the governments of various countries to introduce initiatives that encourage the use of electric vehicles. For instance, the UK government has announced a total ban on new petrol and diesel cars from 2030 under the Prime Minister’s Green Plan.

The Indian Government recently announced its plans to set up an infrastructure for 69000 EV charging stations across India. Delhi, the capital of India has announced a heavy discount and benefits on the purchase of EVs in the union territory. Hence, the promotion of EVs will eventually help in the growth of the automotive battery management system market.

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Automotive Battery Management System Market: Regional Perspective

Asia Pacific’s automotive battery management system market may gain extensive growth across the forecast period of 2020-2030. The rising influence of e-vehicles in China and favorable government policies for electric vehicles in India may serve as prominent growth factors for the automotive battery management system market.

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Refrigerated Trailer Hinges Market Outlook and Opportunities in Grooming Regions 2021

The growth of the global refrigerated trailer hinges market is anticipated to ride on the back of rising incidents of road mishaps. Technologically advanced and durable refrigerated trailer hinges help in preventing the detachment of components of trailer over the period of transportation. These trailer hinges are mounted on the lorry connections, main ramps, and doors so as to maintain the security of the shipped product. This refrigerated trailer hinges play an important role in the transportation of high-value good and products. A rising theft of cargo has drawn the attention of manufacturers toward the making of more safe and secure system of door hinges, which is likely to foster expansion of the global refrigerated trailer hinges market over the timeframe of analysis, from 2020 to 2030. Augmented use of highly durable and efficient hinges is estimated to increase profitability of businesses involved with the making of refrigerated trailer hinges.

The global refrigerated trailer hinges market is classified on the basis of two key parameters, which are hinge type and region.

Global Refrigerated Trailer Hinges Market: Notable Developments

The global refrigerated trailer hinges market is in the phase of high growth, however, the market is expected to become less competitive by the end of the analysis period. With the introduction and integration of more and more advanced technologies and this is expected to improve the security and safety of hinges of refrigerated trailer. The manufacturers are anticipated to come up with highly durable refrigerated trailer hinges so as to gain competitive advantage in the market.

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Some of the prominent organizations in the global refrigerated trailer hinges market comprise the below-mentioned:

• Midlake Products & Mfg. Co, Inc.
• Wenzhou Rongan Auto Parts Co., Ltd
• Gaoming Ligang Precision Casting Co., Ltd.
• Gestamp Automoción
• Eberhard Manufacturing Company
• Scissor Doors Inc.

Global Refrigerated Trailer Hinges Market: Key Trends

The global refrigerated trailer hinges market is marked with the prevalence of the following opportunities, drivers, and restraints.

Change in Dietary Habit together with Urbanization to Shoot Up Demand in the Market

The expansion of the global refrigerated trailer hinges market is likely to be primarily driven by the augmented sale of refrigeration trailers. Change in the lifestyle of people together with overall high economic growth in developing parts of the world is anticipated to influence refrigeration transportation industry positively. In addition, changing habit of people’s diet, urbanization, and expansion of middle-class population is expected to drive the demand for hinges of refrigerator trailer.

These days, people have been demanding more of ready-to-eat food items due to shortage of time and hectic schedule. Rising demand for ready-to-eat food items is expected to boost the growth of the global refrigerated trailer hinges market in over the timeframe of analysis, from 2020 to 2030. Augmented capital expenditure on these trailers by third-party logistics businesses are likely to shoot up the demand for the product in the years to come.

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Global Refrigerated Trailer Hinges Market: Geographical Analysis

Asia Pacific is estimated to come up as one of the rapidly growing region in the global refrigerated trailer hinges market over the timeframe of assessment, from 2020 to 2030. The region growth of the Asia Pacific market is driven by China and India. China, in particular, is one of the leading countries for cold chain logistics market. In addition, North America market is expected to observe robust growth in the years to come.

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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B2B2C Insurance Market Trends, Demand, Developments | Industry Outlook 2030

Transparency Market Research delivers key insights on the global B2B2C insurance market. In terms of revenue, the global B2B2C insurance market is estimated to expand at a CAGR of ~9% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global B2B2C insurance market report.

In the report, TMR predicts that the global B2B2C insurance market would be largely driven by factors such as increasing awareness about insurance products across the globe.

In the B2B2C insurance market report, the type segment includes life insurance and non-life insurance. Non-life insurance is further bifurcated into household content insurance, building insurance, monitor vehicle liability insurance, personal liability insurance, animal owner liability insurance, accident, transport, credit insurance, extended warranty, care, global assistance, travel, private unemployment, animal insurance, and others. Based on nature of business, the market has been segmented into brick & mortar, e-Commerce, multi-channel, non-commercial, and service company. In terms of company size, the B2B2C insurance market is segmented into large enterprise and small & medium enterprise. Based on distribution channel, the market is segmented into online and offline. The B2B2C insurance market on the basis of industry is segmented into banks & financial institutions, automotive, utilities, retailers, travel, housing, lifestyle, and telecom.

Rapid growth in acceptance of insurance product services is expected to propel the growth of the B2B2C insurance market in the future. The B2B2C insurance market is widely fragmented. Large number of small, medium, and large companies operate in the market at the global and domestic level. Companies are focusing on offering innovative solutions to increase their market reach. In recent years, increasing urban population and growing disposable income are factors influencing the growth of the B2B2C insurance market.

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Developing markets are witnessing rapid growth in middle-class population with better spending propensity, expecting value added service and seamless experiences. Developing countries are gaining demand for insurance product services, which is likely to drive the B2B2C insurance market, as this service is influencing them to opt for better lifestyles and better services.

Automation is expected to play a key role in establishing transparency in B2B2C insurance transactions. Rise of the omnichannel commerce is grabbing the attention of companies in the utilities, materials manufacturing and construction industries. Companies in the B2B2C insurance market should collaborate with technology providers, e-commerce vendors and local suppliers to scale their business activities. As such, there is an apparent demand for distributors and consumers who are acutely familiar with omnichannel models.

The B2B2C insurance market is projected to reach a revenue of US$ 1.5 Trn by the end of 2030, as B2B2C insurance helps to personalize a buyer’s experience. The cost efficiency of the B2B2C model is gaining increased popularity as this model eliminates the need for commission payments and reduces operational costs.

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global B2B2C Insurance market and arrive at conclusions on the future growth prospects of the market. The research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

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Secondary sources referred to by analysts during the production of the global B2B2C insurance market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the B2B2C insurance market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from B2B2C insurance market industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global B2B2C insurance market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global B2B2C insurance market more reliable and accurate.

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Hunting Apparel Market Set for Rapid Growth During 2020 – 2030

 

• Hunting apparel is outdoor clothing worn during hunting activities. It is weather resistant and durable compared to ordinary clothing. Hunting apparel is designed with specific characteristics for the field, for instance, extra pockets for gear, scent-masking fabric, etc. and fitted to offer unrestricted freedom and flexibility of movement. Having suitable apparel and clothing is just as vital to hunting success as having the correct equipment.

Key Drivers of the Global Hunting Apparel Market

• Consumers are attracted toward outdoor recreational activities due to growing need to de-stress and hectic work life. Furthermore, growing urbanization and rising health awareness have notably amplified consumer involvement in hunting activities.
• The rising popularity of hunting activities is encouraging market sellers to enlarge their product portfolio and deliver diverse hunting apparel. These factors are projected to drive the growth of the global hunting apparel market during the forecast period.

Market in Asia Pacific to Expand Rapidly

• In terms of geography, the global hunting apparel market can be divided into five regions North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).

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• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the hunting apparel 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 hunting apparel market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America hunting apparel market is segmented into Brazil, and Rest of South America.
• Globally, North America holds majority share in the global hunting apparel market. In the U.S and Canada, hunting is considered a part of heritage and an important tool of wildlife management. The market in the Asia Pacific region is projected to grow at the highest rate during the forecast years.

Key Players Operating in the Global Market

The hunting apparel market is highly competitive due to the presence of a large number of vendors all across the world. Key players are focusing on raising their productivity to expand their topographical reach and expand their customer base. Manufacturers are focusing on quality, price, and brand to compete with their competitors to gain significant market share in the hunting apparel market in the coming years.

For instance, in July 2020, ?FORLOH?, a new direct-to-consumer hunting, fishing, and outdoor brand, launched premium technical apparel with superior technology. In addition to unveiling FORLOH.com, the brand’s flagship retail store opened in Whitefish, Montana, the same city as its headquarters.

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A few of the key players operating in the global hunting apparel market are:

• Ariat International, Inc.
• Blocker Outdoors
• BPS Direct, L.L.C.
• Cabela’s L.L.C.
• Danner
• Field & Stream
• Justin Brands

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As Per Report of TMR, Asia Pacific has the Largest Share of Camping Equipment Market

Camping equipment and supplies are gathering steam among populations participating in outdoor recreational activities. A dizzying array of camping equipment includes camping furniture, backpacks, tents, cooking systems and cookware, protective gear, and accessories. Products in the camping equipment market have increased the safety factor as well as meet the functional needs of different camping activities. Both offline and online channels are catering to the needs of consumers in the camping equipment market. This means that the access to new products has been enhanced by the growing acceptance of online distribution channels in the camping equipment market.

Outdoor gear and accessories have become a key part of camping essentials. New avenues in the camping equipment market stem from the unceasing focus of manufacturers in unveiling equipment that combine safety and comfort aspects. The report on the camping equipment market is a detailed assessment of various growth drivers and keeps a close tab on the changing consumer preferences. The study also identifies new avenues in various regions and helps readers and market participants understand the overall competitive landscape.

Camping Equipment Market: Key Trends

Rise in outdoor activities is a key trend bolstering the demand for camping equipment. The participation has been spurred the growing number of clubs and organizational organizations who promote such activities. Consumers are also creating a new, vast demand avenue when they want to replace their aging equipment with new ones.

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In developing economies, young adults and families in urban regions are taking out time of their hectic work schedule and going for trekking activities. This is one of the key trends in the camping equipment market. The growth dynamics of the market is also impacted positively by the growing preference of recreational vehicles. Consumers are increasingly giving due attention to the safety factor, thereby fueling the expansion of the market. Advances are being witnessed in the cookware used among regular campers.

Camping Equipment Market: Competitive Analysis and Key Developments

Players in the camping equipment market have seen numerous new revenue streams in various parts of the world with rising per capita income. The growing awareness about the safety factor among the existing campers has helped top manufacturing brands market their products that are on the higher side of the price. Also, a growing number of players are tapping the potential of ecommerce to consolidate their shares or position in the camping equipment market. Top players have retained their stronghold on the back of their constant urge to innovate.

Some of the well-entrenched players in the camping equipment market are Montbell, Exxel Outdoors, Big Agnes Inc., Oase Outdoors ApS, Newell Brands, Nemo Equipment Inc., and Johnson Outdoor Inc.

Several manufacturers are also trying to reap colossal profits from the rising uptake of tents with new features. Apart from the product innovations, players are able to consolidate their shares by undertaking merger and acquisition activities.

However, the presence of counterfeit products have negatively impacted the brands in the camping equipment market.

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Camping Equipment Market: Regional Assessment

North America has been a remarkable lucrative avenue for manufacturers and vendors. The presence of a vast population who undertake outdoor recreational activities either in group or alone is a key trend spurring the sales in the camping equipment market. Proliferating sales of camping supplies in online channels in Europe are cementing the revenue potential. On the other hand, Asia Pacific has also seen a large revenue streams. The growth in the regional market is underpinned by the rise in discretionary spending on recreational activities in urban population. Also numerous economies has seen a vast awareness of the benefits of camping equipment over the past few years.

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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Lens Cleaning Product Market by Use, Areas, Producers, Types, and Prediction to 2030

 

• Lens cleaning products are used to disinfect contact lenses, eyeglass lenses, and digital camera lenses. The products play an important role in improving hygiene and safety of contact lenses. Cleaning solutions are highly preferred for spectacle and contact lens cleaning. On the other hand, wipes and tissues are widely preferred for digital camera cleaning. Wipes are available in either wet form or dry form as per end-user requirement. Cleaning solutions are offered in different types of packaging such as spray bottles, pouches, and tubes.

Key Drivers of the Global Lens Cleaning Product Market

• Growing number of lens wearers and the trend of wearing spectacles as a style statement is driving the growth of the lens cleaning product market. Further, growing consumer awareness about personal hygiene, especially eye care is fueling the demand for contact lens cleaners.
• Availability of differentiated and advanced products boosts the market growth. Key brands are offering consumer-friendly products that are easy to carry and store during travel. Increasing number of recreational photographers is driving the demand for lens cleaning products in the camera lens cleaner segment. The techno-savvy young generation that is willing to spend on device care and recreational activities is expected to lead to significant CAGR of the lens cleaning product market during the forecast period.

Opportunities in the Global Lens Cleaning Product Market

• The trend of multipurpose lens cleaning solutions is expected to offer lucrative opportunities for market growth during the forecast period. Many companies are investing in research and development projects to launch unique formulations. Scientific and clinical research is driving continuous innovation. Key companies are working in collaboration with lens manufacturers for better understanding of consumer needs.

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COVID-19 Pandemic Affecting Demand

COVID-19 has largely affected the purchasing habits and spending patterns of consumers. Consumers are prioritizing their expenses and are willing to pay only for essential products and services due to changing attitudes. However, despite the continuous concern of infection spread, the demand for contact lens cleaners is not largely affected, unlike camera lens.

Asia Pacific Recognized as the Major Market for Lens Cleaning Products

• By geography, the global lens cleaning product market is classified into South America (SA), North America (NA), Europe (EU), Middle East & Africa (MEA), and Asia Pacific (APAC).
• Country-level bifurcation of the North America market includes the forecast and analysis for the U.S., Canada, and Rest of North America. The country-level analysis and forecast of the Europe market covers the lens cleaning product market in the U.K., Germany, France, and Rest of Europe. The country-level analysis and forecast for the Asia Pacific market includes major countries in the region such as India, China, Japan, and Rest of Asia Pacific. Middle East & Africa country-level analysis and forecast for the lens cleaning product market includes GCC countries, South Africa, and Rest of Middle East & Africa. The South America lens cleaning product market is categorized into Brazil, and Rest of South America.
• Significant consumer base and increasing number of lens wearers in the region is driving the demand for lens cleaning products. Rising middle class population and changing lifestyles coupled with increasing disposable income is expected to boost the market growth during the forecast period.

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Key Players Operating in the Global Market

Key companies are focused on new product development and continuous upgrade of their existing product portfolio according to evolving consumer needs. Multi-channel product distribution, increasing investment in e-commerce retailing, and partnerships & collaborations are the key strategies of companies.

In October 2019, Johnson & Johnson Vision (JJV) launched its Acuvue RevitaLens Multi-Purpose Disinfecting Solution (MPDS). The solution also provides sustained antimicrobial activity in the lens case.

Some of the major companies identified in the global lens cleaning product market include:

• Clean&Clear Microfiber
• Carson
• CareTouch
• MagicFiber
• SHUANG CHENG MICRO-FIBRE WARE
• ZEISS
• Bausch & Lomb
• CamKix

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Cat Food and Treats Market Trends and Comprehensive Research Forecast 2030

 

• Cats need appropriate amount of and well balanced food every day for healthy growth, just like human beings. Cats require specific minerals and vitamins, especially calcium, Vitamin A, and niacin. These nutrients are not available in sufficient quantity in foods such as cheese and bone marrow or sweet sugary substances given to the cats by the owners. Cat food and treats fulfill these requirements.
• The global cat food and treats market is anticipated to expand at a rapid pace during the forecast period owing to increasing adoption of cats across the globe. Increasing disposable income and growing awareness about pet health and wellness is also anticipated to increase the demand for the products.

Key Drivers of the Global Cat Food and Treats Market

• Increasing adoption of pets, especially cats, is anticipated to boost the demand for cat food and treats across the globe. Rising income is encouraging middle and upper middle class people to adopt cats as pets, which is a supportive factor for the growth of the cat food and treats market.
• The growing popularity of cat foods highlights the increasing consciousness about cat health by cat owners and the growing importance of cats in people’s lives.
• Companies operating in the global cat food and treats market are investing to expand their product portfolios and improve their distribution networks. They have adopted strategies such as product marketing, geographical expansion, and development of new products to cater to the increasing demand for cat food and treats in different regions. For instance, during June 2018, Mars, Incorporated acquired the Linnaeus Group to improve its position as a leading veterinary provider across the United Kingdom.

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Cat Food and Treats Market to Offer Attractive Opportunities

• Growing disposable income and adoption of cats is encouraging cat food manufacturers to expand their product portfolio to cater to the growing demand across the globe. People prefer premium products for better quality, which is also a supportive factor driving growth in the cat food and treats market.
• Dry food is less expensive compared to other types of foods and has long shelf life. It is anticipated to show significant demand in the coming years. Buyers are focusing on products which are locally grown or natural, and have digestive benefits. This factor is anticipated to create lucrative opportunity for domestic manufacturers during the forecast period.

Increasing Number of Counterfeit Products Anticipated to Hamper the Market

• The major challenge faced by cat food and treats manufacturers is the growing counterfeit products in the global market in recent years. Presence of counterfeit products is expected to negatively impact the cat food and treats market and the health of cats. This factor is likely to hamper the cat food and treats market in the coming years.

Asia Pacific to Hold Major Share of the Global Cat Food and Treats Market

• Asia Pacific is expected to be the fastest growing market for cat food and treats during the forecast period owing to increasing demand from Australia, Japan, China, and India, along with more focus on overall cat health. Increasing pet adoption by nuclear families is anticipated to drive regional markets such as India, China, and Japan.
• North America and Europe have dominated the market and are anticipated to retain their share in the coming years. Growing pet ownership and pet humanization, increasing number of premium store brands, and urbanization are some of the major driving factors encouraging the growth of the North American and European cat food and treats market.

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Key Players Operating in the Global Market

The global cat food and treats market is highly concentrated with top manufacturers accounting for approximately 20%–25% of the market share. A few of the key players operating in the global cat food and treats market are listed below:

• Altuglas International (Arkema Group)
• Blue Buffalo Company
• Canidae Natural Pet Food Company
• Diamond Pet Foods
• Hill’s Pet Nutrition
• Mars Petcare
• Nestle Purina PetCare Company
• Nutriara Alimentos Ltd

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