Automotive Telematics Market Business Opportunities & Growth Segmented by Prominent Players

According to the report, the automotive telematics market is projected to reach a value of ~US$ 99 Bn by 2027, expanding at a CAGR of ~17% during the forecast period. The automotive telematics market is likely to be driven by the rise in preference for security and safety features in vehicles.  For instance, automotive telematics is gaining popularity and is largely being demanded by consumers in the Western hemisphere. Automotive telematics helps optimize the efficiency of the vehicle and improvises the traffic flow in a specific region. It helps smoothen the management of vehicle fleet and hence, high rate of adoption among vehicle fleet owners and expansion of rental services are boosting the market for automotive telematics.

Expansion of Automotive Telematics Market

Market for automotive telematics is expanding significantly across all regions. Europe and North America are highly developed markets for automotive telematics, and they are estimated to expand at a notable pace during the forecast period. Significant increase in cases of vehicle theft and traffic fatalities, along with rise in sales of vehicles, encouraged manufacturers to integrate connected vehicle devices in their vehicles. Stolen vehicle tracking and eCall features offered by telematics services are highly popular among passenger vehicle owners. Presence of large population and high traffic congestion in Asia Pacific make recovery of stolen vehicles in the region highly difficult; however, stolen vehicle tracking is expected to make the task of recovering the vehicle notably easier for governing authorities.

Enhanced efficiency of vehicles and fleet management are key drivers of the market. Moreover, high fuel economy and low carbon emission are prime concern of fleet owners. Thus, telematics service providers help enhance the economy of the vehicle.

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Electronic toll collection and congestion charge are key features provided by telematics service providers in some parts of Europe, which are facing parking issues and traffic jams, owing to high rate of motorization, such as those experienced in the city of London. The electronic toll collection system automatically scans the number plate or QR code mounted on the vehicle and deducts the amount from the account of the vehicle owner, which leads to easier flow of traffic. Telematics services offer several features that ultimately turn out to be highly convenient for vehicle owners, such as remote control of the vehicle, vehicle health diagnostic, over the air updates, connected navigation, and infotainment.

In terms of application, vehicle tracking and fleet management services are prominent segments of the market. Adoption of telematics services and technology and advanced technologies in vehicles to enhance safety are anticipated to propel the automotive telematics market.

This TMR report on the automotive telematics market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competitive scenario of the automotive telematics market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data, current trends, and developments in the international seaborne trade, researchers of the automotive telematics market have arrived at predictions and estimations, and calculated the forecast for the market.

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This report uses an analytical triangulation method to estimate the numbers and figures of the automotive telematics market, with both bottom-up and top-down approaches.

This detailed assessment of the automotive telematics market, along with an overview of the landscape, is provided based on a careful examination of avenues related to this industry. Analysts’ conclusions on how the automotive telematics market is expected to grow are based on carefully vetted primary and secondary sources.

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Automotive Lubricant Market Segments, Opportunity, Growth and Forecast by End-use Industry

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.

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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. 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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The study includes profiles of major companies operating in the global automotive lubricant market. The major share of the market is held by a few key players, and the rest is fragmented among medium-scale manufacturers. Major 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. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. The global automotive lubricant market is primarily driven by the rising number of on-road vehicles. Increased average age of vehicles is spurring the demand for vehicle maintenance, thus boosting the automotive lubricant market.

The report provides the estimated market size of the global automotive lubricant market for 2017 and forecast for the next nine years. The global market size has been provided in terms of value (US$ Bn) and volume (million tons). Market figures have been estimated based on base oil, product type, sales channel, vehicle type, and region. Size and forecast for each major segment have been provided in terms of global and regional/country markets.

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Actuator Market to Witness Steady Expansion During 2020-2025

Transparency Market Research (TMR) has predicted the global actuator market to steadily expand between 2017 and 2025. Recent advances upgrading technologies used in the automotive sector will offer impressive growth opportunities to the market. This, coupled with the increasing production of vehicles, will buoy growth for the global actuator market, finds TMR in a new study. The rising demand for automatic features in vehicles has kept the market players on their toes. With their focus on consolidating market shares, the leading names in the global actuators market are looking to expand their product portfolio. Besides this, several among them are engaging in strategic alliances with other prominent enterprises to gain a stronghold in the global actuator market.

In its study TMR has profiled companies such as Cebi International S.A., HUSCO International, Kiekert AG, Actus Manufacturing, Inc., Robert Bosch GmbH, and others. It studies in detail various strategies adopted by these companies to gain a competitive edge in the global actuator market. According to TMR, the market will exhibit a CAGR of over 7% between 2017 and 2025 in terms of volume. The market is likely to be facilitated by the rising demand for vehicles with automatic features. Against this backdrop, the market has gained immensely from the advent and the subsequent popularity of electric vehicles.

Regionally, Asia Pacific emerged dominant in the global actuator market on account of the presence of the several leading companies in the region. The expanding automotive industries in India, China, and Japan are forecast to fuel growth opportunities for the market in Asia Pacific. Besides this, the availability of cheap labors, declining import duties, and favorable government initiatives are expected to create lucrative prospects for the actuators market.

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The study provides a decisive view of the global actuator market for automotive by segmenting the market in terms of actuator type, application, vehicle, and region. These segments have been analyzed, based on present and future trends. Regional segmentation comprises current scenario along with forecast of the actuator market for automotive. The forecast provided is based on the compilation of the current trends as well as the expected scenario in future due to change in technological, geographical, political, and economic factors such as the electric vehicle market is expected grow at significant rate and some of the actuator accompanied with the drivetrain of the vehicle may get affected due to change in the drive train unit of the electric vehicles.

The study includes profiles of major companies operating in the global actuator market for automotive. The major share of the market is held by a few major players and the rest is fragmented between small manufacturers; however, the company profile of major players of the actuator market for automotive from different regions included are Hitachi Automotive Systems Ltd, Actus Manufacturing, Inc., Cebi International S.A., HELLA GmbH & Co. KGaA, HUSCO International, Kiekert AG, Johnson Electric, MAHLE GmbH, Mitsubishi Electric Corporation, Robert Bosch GmbH, Valeo, and WABCO. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. The market for automotive actuator is primarily driven by rising demand for automatic systems in the vehicles, electric vehicles, and autonomous vehicles.

The report provides the estimated market size of actuator for automotive for 2016 and forecast for the next nine years. The global market size of automotive actuator has been provided in terms of revenue (US$) and volume (Mn Units). Market figures have been estimated, based on actuator type, application, vehicle type, and regional segments of the actuator market. Market size and forecast for each major segment have been provided in terms of global and regional/country markets.

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In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

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Glass Tableware Market to Witness Steady Expansion During 2020-2027

According to a new market report published by Transparency Market Research titled “Glass Tableware Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2028,” the global glass tableware market is expected to reach US$ 10.8 Bn by 2027, expanding at a CAGR of 2.9% from 2019 to 2027. Asia Pacific held the highest market share in the glass tableware market in 2027.

The Glass Tableware Market report provides an analysis of the global glass tableware market for the period 2017 – 2026, wherein 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information.

The report covers all the prevalent trends and technologies playing a major role in the growth of the market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period.

Growth of the hotel & catering industry is projected to drive demand for glass tableware in the near future. Increase in investments in the hotel & catering industry in emerging countries such as India and China has fueled the growth of the glass tableware industry. Moreover, glass tableware products are widely used in the hotel & catering industry. Furthermore, rise in disposable income of consumers has resulted in increase in expenditure on travel and tourism. This in turn boosts the growth of the hotel industry.

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The tableware industry is set for an explosion and is ready to witness many innovations in terms of design and material, driven by changes in fashion, lifestyle, economic conditions, and demographic factors. Tableware manufacturers are experimenting with different shapes, colors, materials, and textures to attract consumers. There is an increased demand for visually appealing as well as functional tableware.

The report answers these questions and more about the global tableware market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Global Tableware Market – Research Methodology

The TMR report on the global tableware market is based on a complete and comprehensive evaluation of the market backed by secondary and primary sources. The competitive scenario of the global tableware market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global tableware market arrive at predictions and estimations, and calculate the forecast for the market.

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The report uses an analytical triangulation method to estimate the numbers and figures of the global tableware market with both bottom-up and top-down approaches.

The detailed assessment of the global tableware market, along with an overview of the landscape is provided based on a careful examination of the avenues related to this market. Analysts’ conclusions on how the global tableware market is set to grow are based on carefully vetted primary and secondary sources.

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Wine Barrel Market to Witness Steady Expansion During 2020 – 2025

Wine barrel is used for storing burgundy or brandy. Wine barrel allow very limited amount of oxygen into the wine and also imparts the character of the wood into the wine. Wine barrels are predominantly used for aging of wine. Post fermentation, the wine gets stored in the wine barrel for sedimentation of bulky solid particles and makes them smooth enough. During the aging process, several flavors are added to the wine since it goes through several chemical changes. Wine barrels have a life of hundred years and the aging of wine in the barrels receives 50% of the barrel in the first use and this gradually decreases with further utilization.

Rising demand for wine is one of the key factors driving the demand for wine barrels at the global level. Oak wine barrels are appropriate for aging the wine as it makes the wine rich in quality and taste. Therefore, the market of wine barrel is growing significantly. Controlled oxidation during the aging process in wine barrels results in decreased astringency, stability and improved color of the wine, which does not happen in case of other barrel made from plastic and metals, which is another major reason for the heightened demand for wine barrels across the globe.

Alternatives to oak barrels such as blocks, oak powders and chips in normal metal vats of wine in order to provide the essence of oak flavors and aromas is greatly hindering the growth of the wine barrel market at present. Further, the price of oak barrels is increasing over time due to the widening difference between demand and supply, which is another major factor hindering the growth of the wine barrel market.

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Stainless steel barrels are expected to serve as a suitable replacement for oak barrels for storage of wine due to low maintenance cost and longer durability compared to oak wood barrels. Further, wine being naturally acidic can often oxidize wooden barrels, which will not happen in the case of stainless steel barrels. Thus this factor is expected to pose as a suitable opportunity for the growth of the wine barrel market in the future.

For the purpose of providing extensive analysis of the wine barrel market, the global wine barrel market has been segmented into wine barrel type and types of wine. Based on type, the global wine barrel market has been classified into French oak wood, American oak wood, and Eastern oak wood. French oak wood contains the highest amount of tannin. French oak wood barrels are considered as good quality barrels which produce the best quality wine. Oak wood improves the flavor of wine by releasing flavors such as vanilla, spice and butter. Further, American oak barrels are available in various sizes and can hold up several types of wine. The inside of the wine barrel if often toasted in variable degrees in order to add more flavor, aroma and color to the wine. The color, aroma and flavor of the wine will depend on the magnitude of the toast.

Based on type of wine, the wine barrel market is segmented into red wine and white wine. Further, based on toast level, the wine barrel market is segmented into light toast, medium toast, heavy toasted and untoasted.

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North America wine barrel market is accounted for the dominant position in 2016 and is expected to lead throughout the forecast period. Rapidly growing patent market for wine is the key factor driving the demand for this wine barrel market in the region. Europe wine barrel market followed closely after North America wine barrel market in terms of market share due to rapidly increasing demand for wine in the region. Asia Pacific wine barrel market and Latin America wine barrel market held a significant position in the market in 2016. In addition, the wine barrel market of Asia Pacific region is expected to witness a promising demand during the forecast period from 2017 to 2025.

Owing to the presence of several wine barrel manufacturers, the global wine barrel market is fragmented in nature. Some of the major players operating in the field of wine barrel market include OENEO, Francois Freres, THE BARREL MILL, StaVin Inc., G & P, Barry Barrels, Canton, Garbelotto S.p.A. and various others. Some of the key strategies adopted by these leading players include mergers and acquisitions, joint ventures and partnerships, geographical expansions and product innovations among others.

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Automotive Door Latch Market Report Offers Growth Prospects 2020 – 2027

As per the recent report by Transparency Market Research, the global automotive door latch market is projected to surpass the mark of US$ 29.6 bn at the end of 2027. The market is anticipated to achieve this revenue by with a subtle 2.34% CAGR in tenure of 2019 to 2027. The experts at Transparency Market Research states that the growth of the market is the result of technological advancements in automotive industry. Moreover, the experts also mention that the growth of the global automotive door latch market is attributed to development of stringent security regulations in various countries like India U.S., China.

Rising Urbanization to Propel the Growth

Countries like India and China are undergoing major urbanization these days. The countries are welcoming new companies in order to improve their GDP. As a result of these developments, the companies associated with automotive door latch manufacturing and sales are receiving a major push. This push is expected to boost the growth of global automotive door latch market from 2019 to 2027. Moreover, the countries are also making trillion dollars deal to strengthen their economy on a global scale. These deals are also anticipated to propel the growth of global market for automotive door latches in the projected time frame.

Electronic Locks to Gain Maximum Traction

Technology has a major influence over the automotive sector. From smart cars to smart locks, technology is playing a critical role in the development of the industry. These technological developments are also boosting the demand for electronic locks in the market these days. With the growth in the use of electronics in the motor vehicles, the demand for electronic locks has also sky-rocketed these days. As a result, the electronic locks segments under type category are projected to significantly in global automotive door latch market from 2019 to 2027.

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Moreover, the increased focus of the customers over the safety and security of the passengers of their vehicles also propels the demand for electronic locks. This is also a major factor that boosts the dominance of the segment in the global automotive door latch market from 2019 to 2027.

The study includes profiles of major companies operating in the global automotive door latch market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

Rising demand for vehicles across the globe is a major factor driving the automotive door latch market. Rising preferences toward more safe and secure vehicles among customers has fueled the demand for the automotive door latch. A more effective and efficient way to operate the automotive door latch is the adoption of electric latches. Electronic latches can be operated automatically or by a remote, which is very convenient and efficient. Increase in adoption of electronic control units and electronic components is expected to boost the automotive door latch market. Rising consumer interest in connected vehicles is driving the automotive door latch market.

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The report provides the estimated cumulative market size of automotive door latch market for 2018 and forecast for the next nine years. The global market size has been provided in terms of volume and value. Market numbers have been estimated based on lock type, application, vehicle type, sales channel, and regional segments. Market size and forecast for each lock type, application, sales channel and vehicle type have been provided in terms of global and regional/country markets.

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Licensed Sports Merchandise Market: Information, Figures And Analytical Insights 2020-2027

The global licensed sports merchandise market is likely to increase with a CAGR of 6.5% from 2019 to 2027. It has been projected that the market will rise to US$ 58.7 bn by the end of 2027 from a valuation of US$ 35.5 bn in 2018.

The licensed sports merchandise market is growing owing to the increasing popularity of sporting leagues and their increasing fan bases. Technological advancement in sports equipment is also affecting the global licensed sports merchandise market growth.

NFL, MLB, Premier League and the NBA form the major leagues that enjoy huge popularity in merchandise sales. Among all of these, the NFL and MLB together account for almost 50% of the North America licensed sports merchandise market in terms of revenue. The market is primarily dominated by professional sports leagues. In addition to this, increasing demand and fascination of consumers towards licensed sports goods as well as the increase in popularity of leagues across the U.S. helps to increase in adoption of licensed sports apparel for their favorite sports team and team player.

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The market is extremely competitive in nature with the presence of many domestic players. The leading licensed sports merchandise manufacturers are Great American Products, Under Armour, New Era Cap, Knight Apparels, Jarden Corporation, Dick’s Sporting Goods, G-III Apparel, VF Corporation, Nike Inc., Reebok, and Adidas.

The TMR report on the global Licensed Sports Merchandise market is based on a complete and comprehensive evaluation of the market backed by secondary and primary sources. The competitive scenario of the global Licensed Sports Merchandise market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global Licensed Sports Merchandise market arrive at predictions and estimations, and calculate the forecast for the market.

The report uses an analytical triangulation method to estimate the numbers and figures of the global Licensed Sports Merchandise market with both bottom-up and top-down approaches.

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The detailed assessment of the global Licensed Sports Merchandise market, along with an overview of the landscape is provided based on a careful examination of the avenues related to this market. Analysts’ conclusions on how the global Licensed Sports Merchandise market is set to grow are based on carefully vetted primary and secondary sources.

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