Hydraulic Hose and Fittings Market Competitive Analysis With Growth Forecast Till 2026

A hydraulic hose is specifically designed to carry hydraulic fluid to or among valves, actuators, hydraulic components, and tools. Hydraulic hoses fitted with proper connections are used to transmit fluid or fluid power within a hydraulic system maintaining the high-pressure conditions. With the need for more energy efficient green buildings, the demand for hydraulic hose and fittings equipment increases in order to reduce the pollution and usage of natural resource of energy.

Increase in demand for modernization and rise in demand for better infrastructure facilities are driving the hydraulic hose and fittings market. Expansion of the global hydraulic hose and fittings market can be attributed to the surge in demand for construction equipment. The growth of the agricultural sector also boosts the hydraulic hose and fittings market with the usage of equipment such as tractors, haying machines, combined harvesters and tillers. These machineries such as tractors, haying machines employ hydraulic machines perform various tasks and consists of hoses and fittings for fluid conveyance.

The hydraulic hose and fittings market is driven by several large international suppliers and small suppliers. The hydraulic hose and fittings market is also propelled by product performance. There are several key drivers that propel the demand for hydraulic hose and fittings. Increase in construction of green buildings is also considered as a major driver of the hydraulic hose and fittings market. Rise in demand for energy-efficient green buildings is also expected to positively influence the market, as these buildings are specifically designed to consume minimal energy. Green buildings minimize energy consumption and utilize the available energy efficiently to meet the requirements. The selection of investment in a hydraulic hose and fitting making machine depends on its type, size and flexibility. Furthermore, technological advancements in hydraulic hose and fittings is projected to boost the market.

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The global hydraulic hose and fittings market can be segmented based on product, end-user, and region. In terms of product, the hydraulic hose and fittings market can be segregated into reinforced, coiled, corrugated, and articulated. The reinforced segment can be sub-segmented into wire braided hydraulic hoses, spiral wire hydraulic hoses, and others. Based on end-user, the hydraulic hose and fittings market can be categorized into construction, material handling, and agriculture. A material handling equipment is defined as the combination of control and mechanical devices used for conveying materials or objects from the source to destination limited within the boundaries of a distribution or manufacturing facility.

Based on region, the global hydraulic hose and fittings market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Rapid growth in the agricultural sector in developing nations, such as India, China, and Brazil, is driving the hydraulic hose and fittings market in these countries. Rising population and improving economic conditions in these countries is driving the demand for installation of hydraulic hose and fitting equipment’s. In Middle East & Africa, rapid growth in the energy saving process is driving the demand for hydraulic hose and fitting systems. South America is expected to remain an attractive region of the hydraulic hose and fittings market during the forecast period.

Leading manufacturers operating in the global hydraulic hose and fittings market include Eaton, Parker Hannifin, Ouya Hose, Gates Corporation, Manuli Hydraulics, JingBo, The Yokohama Rubber, Bridgestone, Semperit, Hansa-Flex, Luohe YiBo, Sumitomo Riko, Jintong, Alfagomma, Continental, Ryco, Kurt, Gagong, YuTong, and Yuelongand Hengyu. Manufacturers are focusd on improving R&D capabilities to diversify their product range. They are also trying to enhance product quality by introducing new designs. Leading companies in the market provide diverse portfolio of products and sales service to increase their market share.

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The hydraulic hose and fittings market is highly competitive due to the presence of a large number of vendors. Top vendors and local and regional vendors also manufacture customized, energy-efficient equipment at lower price than the international companies. This is projected to lead to the introduction of several advanced products in the market during the forecast period.

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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Luxury Shuttle Bus Market | New Business Opportunities & Growth Segmented By Prominent Players

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

Expansion of Luxury Shuttle Bus Market

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

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

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Luxury Shuttle Bus: Market Segmentation

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

Regional Analysis of Luxury Shuttle Bus Market

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

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

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Luxury Shuttle Bus Market: Key Players

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

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Automotive Drive Shaft Market Dynamics Analysis 2020-2027

According to the report, the global automotive drive shaft market is projected to reach ~US$ 21 Bn by 2027, expanding at a CAGR of ~2% during the forecast period, owing to an increase in popularity and demand of four wheel drive vehicles among consumers. The global automotive drive shaft market is mature; however, demand for more powerful vehicles and variation in technologies and material is playing a key role in changing the dynamics of the automotive drive shaft market.

Expansion of Automotive Drive Shaft Market

The expansion of the automotive industry across the globe, especially in developing economies such as China, India, and Brazil, is driving the global automotive drive shaft market. The automotive industry in Asia Pacific has been expanding at a notable pace since the last decade. The production of the auto industry has significantly increased in China, and India; additionally, they have made rapid advances in terms of volume production of vehicles, which in turn drives the global automotive drive shaft market.

The high focus of automakers on reducing the weight of vehicles in order to enhance their efficiency and lower emission levels, due to enactment of stringent emission laws in most of the countries, is boosting the development of new materials for manufacturing of drive shafts, which in turn is propelling the market for automotive drive shaft.

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Regional Analysis of Automotive Drive Shaft market

In terms of region, the global automotive drive shaft market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific held a significant share of the global automotive drive shaft market in 2018, owing to high production of vehicles and rising demand for powerful performance vehicles among rapidly developing economies in the region. The global automotive drive shaft market is directly influenced by vehicle production and increasing penetration of four wheel drive vehicles.

Europe and North America are key markets for the automotive drive axle, owing to production of large number of premium and all-wheel drive vehicles. Countries with extreme cold weather situations in these two regions witness higher demand for four wheel drive vehicles due to their superior performance on icy roads.

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Prominent players operating in the global automotive drive shaft market include Advanced Composite Products & Technology Inc., American Axle & Manufacturing, Inc., Bailey Morris Limited, D & F PROPSHAFTS, Dana Limited, GKN Plc., HYUNDAI WIA CORP., IFA Group, JTEKT Corporation, Neapco, Nexteer Automotive Group Ltd., and Wilson Drive Shaft.

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Automotive Wheel Alignment Service Market Dynamics Analysis 2020-2030

According to the report, the global automotive wheel alignment service market is projected to surpass US$ 2.5 Bn by 2030, expanding at a CAGR of ~4% during the forecast period. The rise in vehicle sale across the globe and increase in the number of vehicle service centers across the globe boost the automotive wheel alignment service market across the globe. The adoption of EVs in the commercial transportation segment, owing to numerous benefits offered by them over conventional (IC-engine) vehicles, is likely to be a trend to watch for in the near future.

Furthermore, policies regulating the adoption of EVs in developed countries are expected to drive their adoption as electric light duty vehicles, which, in turn, is likely to increase the sale of EVs across the globe and consequently, drive the global wheel alignment service market during the forecast period. The automotive wheel alignment service market is anticipated to expand during the forecast period, owing to increase in affordability of vehicles among consumers and transition of people into middle and upper middle income groups. For instance, after a global slowdown in the automobile industry, several governments have reduced taxes on automobiles to encourage sale of vehicles. This is anticipated to boost the automotive wheel alignment service market across the globe.

Expansion of Automotive Wheel Alignment Service Market

The change in trade policies by the Trump Administration, such as withdrawal of trade agreement with South Korea and continuous fluctuation on tariff on import and export to China, is likely to keep the market volatile during the forecast period; however, the U.S.-China trade has witnessed a positive turnaround and the relation between countries is anticipated to improve.

A surge in trade volume, owing to rising bilateral trade among countries is projected to boost the automotive wheel alignment service market during the forecast period. China witnessed a surge in both general trade volume and proportion, escalating to Yuan 15.66 Trn. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% year-on-year.

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Based on vehicle, the automotive wheel alignment service market has been segmented into passenger vehicle and commercial vehicle. Passenger vehicle is likely to be a highly lucrative segment during the forecast period. This is primarily due to the rise in the production of passenger vehicles across the globe. Rise in ride hailing services, where demand for passenger vehicle is high, is likely to propel the automotive wheel alignment service market across the globe.

In terms of service provider, the OEM segment dominated the market, owing to the adoption of in-house testing facilities to improve vehicle performance and help boost vehicle production, which propels the automotive wheel alignment service market.

Regional Analysis of Automotive Wheel Alignment Service Market

In terms of region, the global automotive wheel alignment service market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global automotive wheel alignment service market in 2019. It is anticipated to hold a leading share during the forecast period due to rise in the production and sales of vehicles in China and countries in ASEAN. Followed by Asia Pacific, Europe also held a significant share of the automotive wheel alignment service market due to the presence of a large number of tier-1 suppliers who have advanced wheel alignment testing machines, which, in turn, is likely to boost the automotive wheel alignment service market across the globe.

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Major Players in Automotive Wheel Alignment Service Market

Prominent players operating in the automotive wheel alignment service market include 3M, BMW AG, Bridgestone Corporation, Continental AG, DRiV Incorporated, Ford Motor Company, General Motors, Mahindra & Mahindra Ltd., Mercedes Benz, MRF, Robert Bosch GmbH, TBC Corporation, The Goodyear Tire and Rubber Company, Tire Prose Francorp, Toyota Motor Corporation, and Volkswagen AG.

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Premium Self-tanning Products Market to Flourish with an Impressive CAGR During 2020 – 2030

Transparency Market Research delivers key insights on the global premium self-tanning products market. In terms of revenue, the global premium self-tanning products market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global premium self-tanning products market report.

In this market report, TMR predicts that the exponential growth in the spending power of the middle class population across developing countries, popularly trending as Premiumization, is anticipated to have an affirmative impact on the premium self-tanning products market.  Consumers in developing economies such as India, Brazil, and China are becoming more attracted to luxury brands and are willing to pay extra for the superior quality products.

Premiumization of self-tanning products, in term of efficacy and environment friendliness, is anticipated to be a key factor in the upcoming years. Sustainability and awareness regarding the environment is anticipated to have noteworthy influence on the decisions regarding type of materials and active ingredients used to make both the product as well as packaging. The ability of market participants to efficiently meet the expectations of their eco-friendly consumers is likely to drive the premium self-tanning products market in the forthcoming years.

In terms of type, the premium self-tanning products market has been segmented into facial self-tanners and body self-tanners. During the forecast period, the market is anticipated to be dominated by the body self-tanning products segment. In the report, based on form, the premium self-tanning products market has been segmented into gel, lotion, spray, oil, cream, and others.

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Based on ingredient, the premium self-tanning products market has been bifurcated into natural and organic. The organic segment is anticipated to expand at a significant growth rate during the forecast timeline.

In terms of gender, the premium self-tanning products market has been categorized into male, female, and unisex. The male segment is anticipated to expand at a higher pace. In terms of distribution channel, the premium self-tanning products market has been divided into online and offline. During the forecast period, the online distribution channel of the premium self-tanning products market is anticipated to expand quickly. Asia Pacific has seen a surge in the adoption of e-Commerce among consumers, which, in turn, has increased online retail sales of premium self-tanning products.

Premium Self-tanning Products Market: Prominent Regions

Geographically, Europe led the premium self-tanning products market in 2019 and the region is expected to retain its dominance during the forecast period. The U.K. and France are considered the major markets for premium self-tanning products in Europe. In addition, North America and APAC are also projected to offer promising growth opportunity for the premium self-tanning products market. Apart from Asia Pacific, South American provinces also significantly contribute to the overall growth of the global premium self-tanning products market.

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Premium Self-tanning Products Market: Key Players

The premium self-tanning products market is highly fragmented with leading players accounting for nearly 35% of the revenue share. Key players operating in the global premium self-tanning products market include Luna Bronze, REBLX, TAN-LUXE, Josie Maran Cosmetics, PZ Cussons Beauty LLP, Tan Towel International Pty Ltd, James Read, Inc., Islestarr Holdings Limited, Dr. Dennis Gross Skincare LLC, and Lancome.

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B2B2C Insurance Market Key Players, Trends and Forecast by 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.

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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. 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.

The B2B2C insurance market is likely to remain popular among consumers over the next few years. The market growing at a rapid pace is also providing several opportunities to insurers. National and multi-country players have opportunities to target untapped markets of the globe for expansion of their business. Age groups from 18 to 35, majorly engaging in digital platforms provides an opportunity for insurers to invest in digital platforms by providing their customers with innovative solutions. In addition to this, prominent insurers have the opportunity to indulge in strategic partnerships with banks, financial services, and other third parties to enable smooth operations, continuous engagement with their clients, and offer unique services.

B2B2C Insurance Market: Prominent Regions

Asia Pacific is expected to remain a popular region in the B2B2C insurance market, due to rapid growth in sales of premium insurance, increase in the disposable income of middle class population, and penetration of multinational players in emerging countries such as India, China, Australia, and other Asian countries. This is expected to expand the growth of the B2B2C insurance market in Asia Pacific at a lucrative growth rate in the future as compared to other regions.

The demand for B2B2C insurance in Europe and North America is estimated to expand at a significant pace in the near future, owing to rising preference of customers for insurance products. The U.K., Germany, France, Italy, the U.S., and Canada are anticipated to be prominent markets for B2B2C insurance during the forecast period.

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The B2B2C insurance market in South America and Middle East & Africa are anticipated to grow at a rapid growth rate in the upcoming years. GCC, South Africa, and Brazil are anticipated to be potential markets for B2B2C insurance.

Major promising players are likely to focus on the expansion of business by undertaking strategic alliances and mergers and collaborations to strengthen their footprints in the global B2B2C insurance market. Companies are expanding their business by providing their premium through several distribution channels. Companies are also focusing on offering digital solutions to their consumers to increase profitability for sustainable growth of businesses.

B2B2C Insurance Market: Key Players

The competitive landscape of the B2B2C insurance market is moderately fragmented with leading players accounting for major portion of the revenue share. Key players operating in the global B2B2C insurance market include AXA SA, Allianz SE, Assicurazioni Generali S.p.A, Berkshire Hathaway Inc., Zurich Insurance Group, and Prudential plc.

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High Visibility Clothing Market Analysis and Future Investments by 2030

Transparency Market Research delivers key insights on the global high visibility clothing market. In terms of revenue, the global high visibility clothing market is estimated to expand at a CAGR of 6% during the forecast period of 2020 to 2030, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global high visibility clothing market report.

In the report, TMR predicts that the global high visibility clothing market would be largely driven by rising awareness about worker safety in the construction industry, which is expected to continue to boost the market during the forecast period.

Safety and health issues are being increasingly given preference across all industries due to enforcement of various laws in different regions. These laws include OSHA (Occupation Safety & Health Administration) in the U.S., and CCHS in Canada.

Awareness among workers about their rights and safety measures have led to extensive adoption of personnel protective gear. High visibility clothing has been a major part of such gear and is being increasingly adopted among workers working in dangerous and dark surroundings such as mining.

According to a survey conducted in the U.S. for views of industrial workers on safety clothing, more than 70% of participants preferred comfort over style. Consequently, mainstream players are focused on the development of lightweight materials with enhanced comfort in their clothing line-up. Textile manufacturers are entering the high visibility clothing market by understanding its global demand. Local clothing manufacturers have also forayed into the manufacturing of high visibility clothing, which are cost-effective, as compared to products offered by mainstream players, thereby hampering the market for major key players. Manufacturers have developed online portals due to order of such clothing in bulk, to avoid the intermediates between them and customers, through which an industrial organization can order the product in bulk.

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High visibility clothing provides visual alertness to the other person heading toward the wearer. Many small firms are ignorant about such protective equipment. Moreover, wearing only the upper vest serves the purpose in most cases and hence, this reduces the chance for the expansion of other product types in the market. Limited application of high visibility clothing hinders the market.

Mines, oil extraction plants, and construction sites are major places that stringently follow the regulation for high visibility clothing.

In terms of product type, the demand for safety vests and jackets is significantly high in the market. Stringent regulations have significantly propelled the market for high visibility clothing. Jackets and t-shirt segment is estimated to be the most prominent segment of the market, owing to their rising demand for usage in other activities such as cyclotron, and night runs. In terms of end use, construction and industrial manufacturing have been the most prominent segments, owing to high expenditure of countries on infrastructure development and maintenance. The usage of high visibility clothing is significantly high in the mining sector; however, sluggish growth of employment in the sector is hindering the market for high visibility clothing.

Unlike in clothing line-up, the offline distribution channel is a major market shareholder. Since most products are directly consumed by industries, manufacturers directly supply their products through their retailers and distributors. In the offline segment, retailers and distributors are the key distribution segment for the market.

In terms of category, type O is the leading segment of the global high visibility clothing market as it meets the requirements for application in most industries and job roles. Moreover, mining workers, chemical, construction, and warehouse workers wear type O visibility clothing, which is driving the demand for type O category.

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High Visibility Clothing Market: Prominent Regions

The high visibility clothing market in Asia Pacific to dominate the high visibility clothing market in 2019. Increasing demand from end user segments coupled with easy government rules and regulations for establishment of small & medium manufacturing units is expected to boost the market growth. Europe is the second largest market as a result of large number of construction companies.

High Visibility Clothing Market: Key Players

Key players operating in the high visibility clothing market are 3M, Ansell, ASATEX AG, Ballyclare, Buwark, Honeywell International Inc., Kermel, Lakeland Industries, Inc., NASCO Industries, OccuNomix, PIP, and True North Gear.

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