Investment Casting Market Growth Tendencies and Developments Until 2026

Investment casting process is a foundry process by which a metal part is produced from an investment mold that is formed by a heat-disposable pattern such as wax. Investment casting process is also termed as the lost wax method. These castings are commonly used in defense aircraft, launch vehicles, helicopters, regional jets, and commercial transport. Investment casting process is known for its highly accurate, and, near-net-shape.

Key factors driving the investment casting market include decentralized power generation, optimization of the casting process through simulations, and rising trend of pipeline connectivity and movement of natural gas. Rapid growth in the aerospace & defense sector will drive the demand for investment casting in the near future. Foundries must overcome the challenge of high energy cost as the energy consumption at every stage is immense. On the other hand, need for high initial capital investment is a major drawback of investment castings. The requirement of machinery for large scale production leads to high initial cost. Moreover, the preparation of the wax molds is a time consuming, labor-intensive process. These are some of the major factors hampering the growth of the investment casting market.

The global investment casting market can be segmented based on material, distribution channel, end-users, and region. On the basis of material, the investment casting market can be segmented into aluminum, superalloys, steel, titanium, and others which includes glass and brass. Based on distribution channel, the investment casting market can be bifurcated into direct sales and distributor sales. In terms of end-users, the investment casting market is bifurcated into aerospace & defense, automotive, industrial gas turbines, medical, engineering machinery, and general industrial machinery.

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Aerospace & defense is one the biggest end-user segment of the investment casting market. Commercial aircrafts and jet propulsion for defense offer investment casting the leading status in the casting industry. Based on region, the global investment casting market can be segregated into Europe, North America, Asia Pacific, South America, and Middle East & Africa. North America region is projected to be the major revenue contributor for investment casting due to the expanding manufacturing industry, primarily for civil aviation and industrial gas turbines.

Secondly, the market in Asia Pacific is estimated to expand at a considerable pace during the forecast period due to increasing government investment in the aerospace & defense sector. China and India are automotive hubs with large number of automotive OEM’s shifting their manufacturing facilities to these countries. This has influenced the demand for aluminium castings in these countries in the past couple of years. Rise in demand for investment casting in industries such as aerospace & defense, automotive, industrial gas turbines (IGT), medical, engineering machinery etc. will drive the market in developing Asian countries such as Japan and South Korea. This is expected to augment the demand for investment casting in these countries from 2018 to 2026.

Prominent players operating in the global investment casting market are Precision Castparts Corp, Amtek Group, Doncasters Group Ltd,  ABB, Bharat Forge Ltd., Alcoa Corporation, RLM Industries, Inc.,  ThyssenKrupp AG, Milwaukee Precision Casting, Inc.,  Aristo Cast Corporation, CIREX, Georg Fischer Ltd., The Anchor Danly Company, MetalTek International, Zollern GmbH & Co. KG., Thompson Investment Casting, Nova Technocast, Signicast, and Solidscape Inc. These players are estimated to face tough competition in the near future due to presence of a large number of local players in the market. Major brands are likely to focus on innovation of new products and research & development activities to strengthen their foothold in the global investment casting market. Companies are undertaking mergers and acquisitions, and joint ventures with local players to expand their product portfolio. Producers in developing countries are focusing on reducing their cost of production and increase profitability for the sustainable growth of their business.

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Hybrid Cars Market Segmentation and Growth Analysis 2024

The demand within the global market for hybrid car has been rising on account of advancements in the field of automotive manufacturing, finds TMR. The cumulative revenue share of the leading marker vendors in the global market for hybrid cars is expected to surpass all previous marks. This is a key manifestation of the consolidated nature of the global market for hybrid cars. The technology used for manufacturing hybrid cars is extremely intrinsic and complex, and hence, only a handful of manufacturers have been able to incorporate this technology. Furthermore, the need for a seamless automobile sector has also gathered momentum in recent times. This factor shall enhance the prospects of growth for the vendors operating in the global hybrid cars market.

The market for hybrid cars has been expanding at a stellar pace in recent times. This has led to the creation of lucrative opportunities for the market vendors. Moreover, there is a possibility of new vendors entering into the global market for hybrid cars in the forthcoming years. Hence, the global market for hybrid cars is expected to undergo rapid fragmentation over the next decade. Some of the key vendors in the global hybrid cars market are Toyota Motor Corp., Honda Motor Co. Ltd., Hyundai Motor Co., and Nissan Motor Co. Ltd.

Transparency Market Research (TMR) finds that the global market for hybrid car would expand at a boisterous CAGR of 16.5% over the period between 2016 and 2024. Furthermore, the market for hybrid cars is expected to touch a value of US$ 398.9 bn by the end of the forecast period. On the basis of vehicle type, commercial hybrid vehicles are gradually gathering popularity. Based on geography, the market for hybrid cars in Europe has been expanding at a starry rate in recent times.

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Environmental Factors to Propel Market Demand

The need for a sustainable future has led to rapid changes and transformations in multiple industries. Environmental degradation caused by the automotive sector has come under the spotlight of negative attention in recent times. Hence, there is a dire to ensure that the pollution caused by vehicles is reduced. Considering these dynamics, it is legit to assert that the global market for hybrid cars would expand at a starry rate in the years to come. Furthermore, the presence of a seamless automotive sector that focuses on its corporate social responsibility has also created demand within the global market for hybrid cars.

Commercial Vehicles to Push Market Growth

The use of hybrid cars as commercial vehicles is a trend that has been gathering momentum over the past decade. Hence, there is commendable scope for growth within the global market for hybrid cars in the forthcoming years. However, the main concern of the manufacturers of hybrid cars is to bring passenger vehicles under the ambit of hybrid cars. Hence, there is immense scope for growth within the global market for hybrid cars in the years to come. Moreover, the presence of an ever-improving automotive sector in key regional pockets shall also drive market demand.

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The review is based on TMR’s report titled, “Hybrid Cars Market (Type – Series, Parallel, Plug-in, and Series-Parallel; Energy Source – ICE Hybrid, Fuel Cell Hybrid, Solar Hybrid, and Natural Gas Hybrid; Vehicle Type – Passenger Cars and Commercial Cars) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”.

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Automotive Leaky Oil Seal Market Likely to Emerge over a Period of 2020 – 2030

Automotive leaky oil seals are utilized in automotive engines and geared motors, primarily to prevent oil leaks at the ends of rotating shafts and the intrusion of dust particles from outside

Key Drivers of Automotive Leaky Oil Seal Market

• Increasing average age of vehicles owing to growing technological advancements and rise in the average miles driven per vehicle are key factors that are projected to drive the automotive leaky oil seal market during the forecast period. Moreover, growing awareness about road safety among people is likely to boost the average repair & maintenance spending by an individual, which is projected to propel the market. Furthermore, an increase in sales of used cars across several regions is estimated to further augment the global automotive leaky oil seal market during the forecast period.

Restrains in Automotive Leaky Oil Seal Market

• Electric vehicles are replacing vehicles that run on conventional fuels such as diesel and gasoline. This trend is anticipated to act as a major hurdle to the leaky oil seal market. Several government organizations and regulatory authorities around the globe have enacted stringent vehicle regulations and standards pertaining to diesel operated vehicles. This, in turn, has prompted automakers around the globe to announce plans to phase out the production of diesel engine vehicles. This move is likely to restraint the leaky oil seal market.

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• The COVID-19 pandemic has affected national as well as international automotive supply chains, manufacturing and R&D operations and consequently, hampered the automotive industry. Post first wave of COVID-19, global economies have started opening up automotive manufacturing and supply chain operations, thus the COVID impact on the industry have seems to reached a state of normalcy; however, a resurgence in COVID-19 cases in countries across Europe has prompted governments to impose a second round of lockdown restrictions and hence, the uncertainty in the automotive industry continues. A gradual recovery in the demand for automotive and ancillaries is anticipated in the next few months despite concerns around the risk of a second wave of infection in numerous countries.

Opportunities in Automotive Leaky Oil Seal Market

• Growing oil leaks and vehicle recall activity by major automakers is likely to provide significant opportunity for the automotive oil seal market. For instance, in December 2020, Mercedes Benz recalled more than 660,000 vehicles in China for a possible oil leak between high-pressure fuel pump and a low-pressure fuel pipe weakening over time, thus allowing oil to leak when the engine starts in cold weather. Likewise, in November 2020, General Motors issued a recall for about 1.4 million vehicles due to a faulty valve cover gasket that can leak and cause vehicle fires. This is reportedly the third time GM has issued the same recall within seven years, as the remedies carried out during the first two recalls have not worked.

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Asia Pacific Region Dominate Automotive Leaky Oil Seal Market

• Asia Pacific to dominate the global automotive leaky oil seal market, owing the high number of automotive oil leak recalls occurring in the region, especially in China, which makes Asia Pacific a dominant region of the global leaky oil seal market. Furthermore, secondhand car sales have been increasing in the region, especially in rapidly developing economies owing to the involvement of leading car domestic and international car companies. The secondhand car industry in China expanded in terms of volume from only 3.34 million units in 2009 to 14.92 million units in 2019, owing to regulation and professionalization. These favorable developments in the region are estimated to make Asia Pacific a major market for automotive leaky oil seal during the forecast period.

Key Players Operating in Automotive Leaky Oil Seal Market

The global automotive leaky oil seal market is fragmented with many players. A few of the key players operating in the global automotive leaky oil seal market are:

• NOK Corporation
• The Timken Company
• Leak Pack
• SKF
• JTEKT Corporation
• NS Bearings

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Smart Shipping Containers Market Status and Forecast by Players, Regions to 2025

Smart shipping containers are an integral part of the complex shipping management systems, which is utilized to track the movement of marine cargo around the globe. Each smart container has been tagged with a unique barcode for scanning at entry and exit of the container from the docking point. Transportation management systems (TMS), in combination with cutting edge software and communication networks, monitor shipping routes, times, and logistics.

Each smart shipping container is expected to provide valuable live data feeds to the control centers attributed to modern GPS and cellular modem technology, which helps significantly to improve transportation management around the globe. Logistic management would be able to track goods throughout their journey with the help of smart containers equipped with modern tracking, control, and monitoring sensors. This is likely to improve marine cargo logistics, as most misrouted or lost containers could be found easily.

A major part of the world’s logistic and supply chain consist of shipping containers. Millions of shipping containers are utilized for overseas transport of essential commodities and food supplies around the globe. Tracking of the commodities stored and being transported through shipping containers is the utmost priority of all shipping companies operating in the world. Better shipping containers and tracking and monitoring provides more insights and information regarding the safety and restraints about maritime transport.

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Better tracking and monitoring of each transported and received shipping container helps obtain a real-time scenario, which enables companies to make better decisions regarding supply chain from front to back-end. Smart shipping containers would not only provide high level of transparency and high degree of customer services, but also allow for optimization of the supply chain, restrains, and loopholes. Presently, most smart shipping containers are connected with IoT (Internet of Things) and smart sensors technology, which carry out specific functions related to data gathering and emergency control.

Smart sensors installed in transport containers also provides detailed information on container temperature, humidity, pressure, and container movement, which is anticipated to save a lot of money during the course of the container movement from one place to other. Smart sensors react to minute changes regarding the environment inside the container, and they respond immediately toward any change, by informing or by sending an alarm to the central monitoring facility located remotely from the smart container. The problem can be diagnosed remotely, and it also provides the exact location and ample amount of time to the crew members to fix the problem inside the container.

A majority of the capital loss during the marine logistic operations around the globe is accounted by spoilt goods inside the container. Damage to goods inside the container is likely to result in loss of revenue to the logistic companies. Usage of smart sensors in shipping containers is projected to help reduce the losses incurred by loss and damage of goods. Additionally, smart shipping containers also reduce regular in-person checkup, which is further anticipated to help create a safe and healthy work environment for the shipping inspection crew.

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Most shipping companies are presently inclined toward employing smart shipping containers to mitigate the losses due to loss of cargo and damaged/spoilt goods and to ensure the security of the cargo. Significant capital is lost by shipping companies every year to pirated cargo. Usage of smart shipping containers is likely to save billions of dollars for shipping companies around the globe. Ensuring cargo security by the combination of IoT and TMS is estimated to improve the overall shipping scenario throughout the global shipping and logistic supply chain. Major restraints of the smart shipping cargo market are the high cost structure and capital investment for smart containers, and a lack of awareness toward modern shipping technology among small shippers.

Key global players operating in the smart shipping containers market include GE Shipping, Maersk Shipping, Freight Filter, iContainers, Freightos, and CargoSphere. Global players that employ modern IoT technology for freight management and tracking include Flexport, ShipBob, Shipwise, Transporteca, and VeriTread. Adoption of TMS solutions with a combination of IoT and smart sensors is increasing rapidly around the globe. Better security, logistical data control, connectivity, pressure and temperature monitoring, and remote management is likely to drive the market for smart shipping containers. Rising revenue loss, misplacement, and damage to container goods in the shipping industry across the globe provide immense potential for the smart shipping container market.

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Safety Light Curtains Market Growth, Latest Trend Analysis and Forecast 2026

The global safety light curtains market was valued at US$ 1.50 Bn in 2016 and is projected to register compound annual growth rate (CAGR) of over 8.75% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Safety Light Curtains Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” The safety light curtains market is expected to grow significantly due to increased adoption of Industry 4.0 and rising factory accidents on a global scale.

The report suggests that the rising integration of Industry 4.0 with safety light curtains technology is expected to boost the safety light curtains market at the global level during the forecast period 2018-2026. Furthermore, leading safety light curtain technology providers are focusing on Industry 4.0 technology. For instance, in March 2017, Sick AG, a leading safety light curtain provider, discussed the importance and application of sensors in Industry 4.0 technology at the Industry 4.0 Summit in Manchester.

Additionally, safety light curtainsbased solutions are seeing significant application in manufacturing applications, which holds a significant share in the market. Prominent safety light curtain providers are focusing on R&D investments for further improvement of their current safety solution offerings. For instance, in June 2018, Omron Corporation, a safety light curtain provider collaborated with Cisco Systems G.K. to strengthen its grip in the manufacturing industry.These developmentsare expected to have a positive impact on the global safety light curtainsmarket.

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Rising number of factory accidents expected to boost the safety light curtains market

The rising number of factory accidents on a global scale are expected to boost the safety light curtain market over the forecast period. For instance, in 2017 as per a report by Bangladesh Occupational Safety, Health and Environment Foundation, approximately 1242 people lost their lives in workplace accidents in Bangladesh. Additionally, in 2017, British Safety Council, one of the world’s leading health and safety organizations stated that approximately 48,000 people die every year in India due to occupational accidents. Multiple safety measures are carried out for improving factory working safety. For instance, Sick AG, a leading safety light curtain provider launched a new Type 4 based safety light curtain named mac4 to its existing safety solution based product portfolio

Prominent adoption of safety light curtains in the manufacturing sector

Based on end-use industry, the global safety light curtains market is segmented into manufacturing, food and beverages, healthcare, packaging, and others. Others include wood processing and paper industry.The rising adoption of safety light curtainsin Industry 4.0 technology, which is playing a crucial role in the manufacturing industry across the globe, is expected to impact the safety light curtains market positively over the forecast period 2018-2026. The prominent adoption of safety light curtains in the automotive industry is one of the primary reasons for the significant growth of the market. Additionally, major manufacturing industries in Europe and Asia Pacific are projected to offer prominent potential for the growth of the safety light curtains market.

North America holding a significant share of the safety light curtains market

North America is expected to hold the highest share of the market during the forecast period. The factors contributing to the region’s higher share are the significant players of safety light curtainssuch as Banner Engineering Corporation and Rockwell Automation Inc.,along with the rising initiatives taken by the leading firms for further market penetration. For instance, in June 2018, Banner Engineering Corporation launched muting kits for its LS safety light curtains to provide enhanced muting capabilities to multiple safeguarding applications. Additionally, in June 2017, Rockwell Automation Inc. launched a new safety light curtain named GuardShield 450L, focused on improving flexibility and industrial safety. The new addition to its portfolio provides patented transceiver technology causing a significantimpact on the flexibility of its safety light curtains to be utilized optimally in multiple applications.

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Key Players such as Omron Corporation, Keyence, Corporation, Sick AG, Rockwell Automation Inc., and Pepperl+Fuchs GmbH likely to lead the global safety light curtains market

Omron Corporation, Keyence, Corporation, Sick AG, Rockwell Automation Inc., and Pepperl+Fuchs GmbHare some of the major players operating within the safety light curtainsmarket profiled in this study. Various market players are entering into partnerships to enhance their safety light curtains offerings worldwide. For instance, in June 2018, Pepperl+Fuchs GmbHannounced plans to associate with SAP to strengthen its IoT based offerings in the process industry. Additionally, in May 2017, Datalogic S.p.A, a prominent safety light curtains provider launched its Enhanced Partner Advantage Program which made doing business with Datalogic easier by enhancing its rewards channel. Under its marketing incentives to its partners named Loyalty League, the partner company can claim prizes on the sale of a Datalogic product.

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Food Processors Market Promising Growth Opportunities over 2020 to 2025

A food processor is a kitchen appliance that allows the user to easily and quickly perform monotonous food preparation activities such as chopping, grinding, and slicing. Food processors are the equipment that helps to convert raw food ingredients into food items through physical and chemical procedures. Food processors come in various categories such as dryers, mixers, chillers, feeders, ovens, fryers, grinders, homogenizers, separators, roasters and slicers.

These are used in various industries including poultry farms, dairy industry, seafood industry, industrial bakeries, beverage industry, chocolate manufacturing units, fruit, milk, and nut. Stainless steel is one of the fundamental elements, widely used in food processing equipment. Food processors have various automation control systems such as heating, cooking, evaporation, pasteurization, freezing, and drying. These processors also need high maintenance, gentle handling and control of temperature and pressure. Food processing equipment is often combined with high-speed packaging and labeling equipment in various industries.

Growing demand for packaged and processed food products in developing countries is the fundamental factor driving the food processors market. Concerns about safety of food products, and change in taste and preferences of domestic consumers have resulted in increasing demand for packaged and processed foods. Product varieties, changing consumer lifestyles, increasing disposal incomes, and innovation in technology are some of the key factors responsible for the growth of the global food processors market.

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Growing income of individual leads to increasing investments in food processors. With innovations in technology related to cutting, grinding and slicing, food processing manufacturers are replacing their older equipment with newer ones. However, food processors are usually noisy and also harder to clean because of their sharp blades. This may hinder the global food processor market. The latest trend in the global food processors market is automated food processors. These processors eliminate manual labor and improve quality and efficiency and need less time to prepare food.

The global food processors market can be segmented by product type, application, and geography. On the basis of product type, the market can be segmented as bowl type food processors, continuous feed food processors, and choppers. The continuous feed processors segment is expected to expand significantly during the forecast period owing to benefits such as high durability, variety of products, and cost effectiveness. On the basis of application, the global food processor market can be segmented into dairy, bakery, poultry, meat, and seafood. Meat and seafood segment is anticipated to expand greatly.

Meat and seafood processors help to maintain hygiene and also ensure that the processing activities are performed on time. Thus, processing companies are able to deliver high quality products to consumers, thereby increasing the demand for meat and seafood processors. In terms of geography, the global food processor market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific region is expected to lead the market during the forecast period owing to the increasing population and disposable income and changing lifestyles. The market in North America is also expected to grow at a significant rate due to the growing awareness about food safety and high economy.

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The global food processor market consists of various players. Some of the key players include Robot Coupe, Sammic, Hobart, Meyer Industries, Heat and Control, GEA Group, Bucher Industries, Rheon Automatic Machinery, Sinmag Bakery Machine, Haarslev Industries, ALFA LAVAL, and SPX Corporation.

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Cigar Tubes Market Demand, Growth Analysis and Strategic Outlook – 2025

A cigar tube offers an easy option to carry the cigar. It is a rolled package of dried and inflamed tobacco leaf to be smoked, and produced in a variety of sizes and types. Cigars are made through a combination of moisture and temperature. Cigar tubes offer protection to cigars as the cigar is an organic product and sensitive to the surroundings. Cigar tubes are handy that people can carry with them in their pockets anytime. There are various cigar tube products with different styles in the market. Numerous companies are primarily focusing on providing stylish cigar tubes due to changing lifestyles.

Growing demand for aluminum cigar tubes is the prime factor driving the growth of the global cigar tubes market. Aluminum cigar tubes can preserve the flavor of the cigar for longer time. Additionally, aluminum cigar tubes are lightweight and provide suitable protection to the cigar from getting dry.  The market for cigar tubes is gaining impetus due to growing demand among young adults. Moreover, various flavors of cigar available in the market are attracting consumers to buy these products.

The market is gaining huge momentum due to the rising interest and taste of cigars. This is expected to fuel the growth of cigar tubes during the forecast period. Increasing youth population across the world is also responsible for the growth of the global cigar tubes market. Premiumization of cigars is boosting the demand for various types of cigars, thereby increasing the demand for cigar tubes. However, storing and keeping the cigars in cigar tubes for longer time and growing health awareness and smoking bans are some factors that may hamper the growth of the global cigar tubes market.

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The global cigar tubes market can be segmented by type, end use, and geography. In terms of type, the market can be segmented by plastic cigar tubes, metal cigar tubes, flask cigar tubes and other. Metal cigar tubes segment is expected to expand at a significant rate during the forecast period owing to the characteristics of metal cigar tubes of providing proper shielding for long term use. On the basis of end use, the global cigar tubes market can be segmented by male and female. Male segment is anticipated to continue its dominance in the market during the forecast period due to the increasing consumption of cigar among men.

Also, the increasing number of women consumers of cigars is likely to contribute to growth of the global cigar tubes market. On the basis of geography, the global cigar tubes market can be segmented by North America, Europe, Asia Pacific, Middle East & Africa, and South America. Rising consumption of cigars in the U.S. is expected to present favorable growth opportunities in the North America cigar tubes market over the forecast period. The market in Asia Pacific is also anticipated to grow at a significant rate owing to the increasing population and demand for various cigar tubes in China and India. Middle East & Africa, and South America are likely to emerge as two of the fastest growing markets in the near future.

The global cigar tubes market includes various players. Some of the key players are NEW SONG YI ALUMINIUM CAN MANUFACTORY CO., LTD., Phoenix Glass, LLC, Shenzhen Junen packing Group, Adelphi Healthcare Packaging, ECMI LTD, Montebello, Keefar International Limited, In Reach Enterprise Co. Ltd, Pacific Vial Manufacturing Inc., Walsen International Inc., ViSipak, and CCL Container.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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