Automotive Diagnostic Scan Tools Market Analysis, Sales Revenue, Business Growth and Forecast 2023

Automotive diagnostic scan tools are a combination of electronic devices and software, which are used as interface with diagnostic systems in vehicles. The importance of diagnostic scan tools in automobiles is increasing rapidly due to the shift of consumers’ preference from manual to sophisticated automated diagnostics systems. Automated diagnostic scan tools are used for the purpose of detecting and analyzing the malfunctions of electronic systems in vehicles.

Therefore, this is very vital for automobile users to fix the problems in vehicles. Such tools also enable the reprogramming and up gradation of the control modules in automobiles. With the advancement in technology, there has been a transition in diagnostic scan tools, just like any other automotive components. Diagnostic scan tools of today are highly efficient and sophisticated, which can analyze complex codes while performing diagnostics in the vehicle’s powertrain, body and chassis. These tools are largely used in service stations for all types of automobiles ranging from light consumer vehicles to heavy consumer vehicles.

Modern cars come well equipped with advanced diagnostic computers and electronic components. Automobile users and mechanics benefit immensely from such diagnostic scan tools as it makes their work easier in fixing problems in vehicles. An electronic device is connected to the automobile’s on-board computer through which the malfunctions are diagnosed and fixed. In the past decade, the defects in automobiles had to be detected and fixed manually.

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In addition, cars would require occasional tune-ups as precaution in order to avoid break down. On the other hand, introduction of diagnostic scan tools in automobiles has brought a transformation in the driving experience of automobile users. The automobile of today are self-regulated, which monitors itself and makes adjustments to fuel injectors, fuel mix and ignition coil in order to function smoothly.

Some of the major factors driving the growth of the global automotive diagnostic scan tools market is the increasing production and usage of vehicles. In addition, growing application of diagnostic scan tools with growing demand for sophisticated automotive diagnostics technology from consumers is fuelling the demand for this market. Moreover, electrification of vehicles and increasing number of service stations is expected to bolster the growth of the global automotive diagnostics scan tools market, during the forecast period from 2015 to 2021. The factors inhibiting the growth of the market is the complexities involved in the functioning of such diagnostic scan tools and its price that may not be easily affordable to numerous consumers across the world.

Europe is expected to hold the largest market share in the global automotive diagnostics scan tools market followed by North America, Asia Pacific and Rest of the World (RoW) region. Advanced automotive diagnostics scan tools are largely in demand in North America and Europe and most of the automobiles manufactured in the regions have such systems. Although countries such as India, China, Japan, UAE, Russia and Brazil are the major automotive diagnostic scan tools market in the Asia Pacific and RoW region, yet the two regions are considered emerging markets.

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Some of the key players in the global automotive diagnostics scan tools market include: Snap-On Inc., SPX Corp., Denso Corp, Softing AG, Avl List GmbH, Actia Group SA, Dg Technologies, Etas GmbH, General Technologies Corp., Bosch Automotive Service Solutions, Inc. and Hickok Inc.

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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Connected, Autonomous, Shared, and Electric (CASE) Market Trend, Segmentation and Forecast to 2027

 

• Significant rise in technological advancements, improvement in standard of living, and supportive government policies such as right to Internet access have been driving the automobile industry. Introduction of vehicles powered by technologies, including Internet of Things (IoT) and Artificial Intelligence (AI), has led to a revolution in vehicle manufacturing. This has further helped in the development of driverless cars.
• According to the World Health Organization (WHO), approximately 1.35 million people across the world lost their lives due to road fatalities in 2018. Human errors accounted for about 90% of these road accidents. Human errors include inattention, drowsiness, and drivers’ negligence. These coupled with several factors such as unknown terrain, and low visibility during fog and night led to an increase in accident rates. Incorporation of several technologies in the vehicle industry such as ADAS, traction control, and automatic braking system can help reduce road accidents.

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• Growth in the global economy has been boosting car sales. However, people increasingly prefer ride and car sharing services such as UberPOOL, Lyft, and Zipcar. The outlook of the shared vehicle industry appears promising due to the emergence of data sharing and technology linked platforms. Increase in usage of these technologies and systems in vehicles are anticipated to drive the global CASE market.

Key drivers of Connected, Autonomous, Shared, and Electric (CASE) Market

• Implementation of stringent environmental policies and government regulations to control climate change across the globe has led to restrictions on the usage of traditional IC engines. Electrical vehicles are emission-free, have high torque ratings, and provide alternatives for IC engines. These are shaping the future of the automotive industry.
• Autonomous vehicles are likely to be independent of drivers owing to the presence of secure and advanced safety features, high economical ratings, and high accuracy in navigation. For instance, companies such as BMW, Volvo, and Nissan are conducting trials for driverless vehicles in Germany and are planning to sell such vehicles by the end of 2021.
• Increasing number of people are opting to buy state-of-the-art vehicles with advanced features owing to the growth in economy, and rise in disposable income and purchasing power. This is propelling the global autonomous car industry, thereby boosting the CASE market.

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Absence of Fully Developed Autonomous Vehicles makes it Difficult to Compare Available Systems

• Demand for autonomous electric vehicles has been rising. However, various companies are still in the development and testing phase of electrical vehicles. Most of these vehicles are expected to be connected in the near future. Currently, there is no clear standard for connectivity or driverless vehicles. This lack of clarity is likely to make it difficult for customers to compare features and capabilities of different vehicles.

China to Dominate Connected, Autonomous, Shared, and Electric (CASE) Market

• China is the dominant region in terms of sale of electric vehicles. It is followed by Europe and the U.S. Government subsidiaries, leniency for exemption of number plates in select major cities, and stringent regulations are fueling the electric vehicles industry in China. Government subsidies help reduce the cost of buying vehicles. This is another factor augmenting the popularity of electric vehicles.
• A new EV policy, implemented in 2019, mandates automakers to comply with EV credit target. Various OEMs have partnered with domestic companies in order to develop new EVs complying with the new policy. These factors are driving the CASE market.
• Germany and Norway have the highest rate of acceptance for eclectic vehicles in the European Union. Every second car sold in Norway is likely to be an electric vehicle by December 2019. This indicates the high rate of adoption of EV in the country.
• The U.S. Environmental Protection Agency has announced that it would refurbish the current vehicle emission standards, mandating cars and light trucks to have average of more than 50 miles per gallon by 2025.

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Autonomous Ships Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2030

 

• Autonomous ships have the ability to independently control their own actions while transporting goods from one port to another. They contain next generation modular control systems and communication technology that are expected to enable wireless monitoring and control functions both on- and off-board.
• Demand for autonomous ships is rising in the marine sector primarily for economic and environmental reasons
• Most companies are focused on the development on full-size autonomous ships with the goal of obtaining cargo vessels or even passenger vessel capabilities
• In 2017, YARA AND KONGSBERG entered into a partnership to build the world’s first fully-autonomous and zero-emissions ships for commercial operations

Key Drivers of Global Autonomous Ships Market

• Demand for autonomous ships has been increasing owing to a rise in automation, increase in tourism activities, and growth in per capita income. Furthermore, steady rise in seaborne trade and recreational activities around the globe is anticipated to propel the demand for autonomous ships globally.
• Moreover, rising demand to promote safe and efficient operations in the maritime sector is also likely to boost the demand for autonomous ships in the near future

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COVID-19 Impact Analysis

• Governments of various countries have enforced nationwide lockdowns, as a precautionary measure to curb the spread of the COVID-19 pandemic. This has disrupted planned autonomous ships projects, globally. The pandemic has disrupted the supply of new equipment and skilled labor in the market. Moreover, the contract period for the manufacturing of ships has also increased significantly.

Key Development

• On October 07, 2020, Kongsberg signed a contract with China Merchants Jinling Shipyard (Weihai) to deliver a propulsion and maneuvering system for two 230m roll-on, roll-off passenger (RoPax) vessels for Finnlines. Currently, under construction at Weihai and expected to be delivered for deployment in the Baltic Sea by 2023, the ships would each have capacity for 1,212 passengers and are specified with a focus on sustainable technologies and green operation.

Europe to Hold Major Share of Global Autonomous Ships Market

• Based on region, the global autonomous ships market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Europe dominated the global autonomous ships market in 2019. The market in the region is estimated to expand at a rapid pace during the forecast period. The region has largest operational fleet size and is investing on the development of autonomous ships. Companies based in Europe are investing in sustainable operations in the marine industry. Demand for yachts and cruiser powerboats is also high in the region. This, in turn, is likely to boost the demand for autonomous ships in the region.

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• North America held a vital share of the market in 2019 owing to the large fleet size and increase in seaborne trade in the region. Rise in tourism and recreational activities is estimated to boost the demand for autonomous ships during the forecast period.
• Asia Pacific held a moderate share of the global autonomous ships market in 2019. The market in the region is expected to expand at a healthy pace during the forecast period. Furthermore, investments in sea tourism industry in Asia Pacific are increasing at a rapid pace. Additionally, South Korea has launched a project to develop maritime autonomous surface ships (MASS) by 2025. The aim is to build vessels with the third-level of autonomy, as defined by the IMO.
• Middle East & Africa and Latin America held relatively minor share of the autonomous ships market in 2019. The market in these regions is estimated to expand at a sluggish pace during the forecast period.

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Offshore Air Handling Units Market Growth Strategies and Comprehensive Forecast to 2024

The demand in the world offshore air handling units market is prophesied to stay sturdy on the back of the aggravating progress of the offshore ship building, oil and gas, and other related industries. As a result of the uncompromising and increasingly rough conditions that cruise liners, marine equipment, ships, and oil rigs operate in, the demand for building resilient offshore air handling systems has augmented significantly. In this regard, these systems are manufactured using stainless or coated steel and advanced light-weight and corrosion-resistant materials.

The global offshore air handling units market could be classified according to fan type, product type, capacity, and application. The vital segments of this market are extensively analyzed in the report to help businesses invest in the right areas of the industry.

The publication authored by the seasoned researchers at Transparency Market Research (TMR) is a comprehensive guideline to analyze the key elements of the world offshore air handling units market. Established and new entrants in the market can gain an upper hand with the competitive company profiling offered in the report.

Global Offshore Air Handling Units Market: Driving Factors 

The international offshore air handling units market is propelled by a number of factors such as elevating demand from emerging countries, increasing prices of energy, and the employment of Kyoto Protocol for combating climatic changes. Other factors that are responsible for the growth of the global market include the rising interest in energy conservation and incrementing focus on the use of economical renewable energy sources such as solar power.

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However, the adoption of air handling systems could suffer due to the low thermal efficiency of some handlers which have made them less competitive with free waste heat being easily available. They also stand weak before electric chillers with their requirement of larger cooling tower capacity and greater pump energy. Nonetheless, promising opportunities are expected to rise from the fact that waste heat can find efficient applications and a countable number of manufacturers are making available multiple low cost units. 

Global Offshore Air Handling Units Market: Key Segmentation 

In respect of effect, the world offshore air handling units market can be classified into three segments, i.e. single effect, double effect, and triple effect. In single effect, the four chief elements of a handling machine, viz. condenser, generator, absorber, and evaporator, are used to transfer fluids. Double effect permits an absorbent solution to execute a more refrigerant boil-off. With two generators and condensers each, the double effect chiller differs from the single effect one. The triple effect handlers are deemed to be a rising innovation in the heating, ventilation, and air-conditioning (HVAC) technology.

The global market can also be segregated into indirect-fired and direct-fired segments with regard to energy supply. 

Global Offshore Air Handling Units Market: Geographical Evaluation 

The North America market for offshore air handling units is evaluated to attract demand, especially in Mexico and the U.S., with the soaring degrees of the temperature recorded there. Nevertheless, Asia Pacific is foreseen to rake in a colossal growth in countries such as China and India and the Malay Archipelago nations. Currently, the Asia Pacific market holds a larger share, putting behind few of the major regions of the global offshore air handling units market. The geographies categorized under Rest of the World, especially Latin America, are anticipated to find a decent foundation for growth as energy generated from waste becomes smoothly available. The change in government regulations is also expected to help the aforementioned geographies to gain traction. 

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Global Offshore Air Handling Units Market: Company Profiling 

There are a few companies which have stepped into the frontrunner’s shoes when it comes to the production of offshore air handling systems. They are Johnson Controls, Trane, Inc., Broad Air Conditioning Co. Ltd., Hitachi Appliances, Inc., Carrier Corporation, Thermax, Inc., Robur Corporation, Century Corporation, Yazaki Energy Systems Inc., EAW Energieanlagenbau GmbH, and LG Air Conditioning (Shandong) Co. Ltd.

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Outdoor Furniture and Grill Market to Witness Steady Expansion During 2020-2028

Outdoor furniture and grill products are used in outdoor applications, and can consists of a wide range of materials, notably including metal, wicker, rattan, wood, and plastics. Demand for products in the market has received a big fillip on the back of demand for furniture for decks, porches, and patios. Homeowners have got access to a wide range of grill products and outdoor furniture-in different colors, of materials of choice, and to meet their tailored needs. Commercial demand for outdoor furniture and grill has seen rapid rise in developing and developed nations.

Some of the key types of furniture are chaise lounges, shelving units, and bar counter. The residential end users has been a key generation of revenues in the outdoor furniture and grill market.

Outdoor Furniture and Grill Market: Competitive Analysis and Key Developments

The COVID-19 pandemic has made homestays common place for a large populace, with a majority of people confined to their homes in recent months. This has given a shot in the arm for manufacturers and retailers in the outdoor furniture and grill market. homeowners. They are expected to become a popular home décor in coming months. Retailers will try to tap into the attractive consumer demand for café-like seating and outdoor recreational activities. Such developments will likely spur the demand for outdoor furniture and grill products.

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The study by Transparency Market Research has offered a deep-drive assessment of the prevailing competitive dynamics, and the factors that will shape the strategic frameworks of emerging players. It also offers recent moves made by established players to gain larger part of shares in the global outdoor furniture and grill market. The focus on new launches and collaborations has propelled the need for outdoor furniture and grill.

Outdoor Furniture and Grill Market: Key Trends

A marked rise in preference for outdoor furniture in residential segment has fueled the revenue prospect in the outdoor furniture and grill market. Over the years, a growing urban population has shown proclivity for barbeque and outdoor dining. This has spurred the demand for outdoor furniture and grill in various developing economies. Also, residential users in some countries are developing a taste for organizing outdoor recreational activities. This has positively impacted the dynamics of the outdoor furniture and grill furniture.

Over the past few years, expanding the production line has been expanding horizon of the outdoor furniture and grills market. Growing demand for garden furniture is also boosting the sales of grill products.

Some of the top players in the outdoor furniture and grill market are Keter Plastic Ltd., Weber-Stephen Products LLC, Unaka Corporation, Brown Jordan International Inc., Craftmade International Inc., Century Furniture LLC, Brown Jordan International Inc., Agio International Co., Inc., and Homecrest Outdoor Living, LLC.

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Outdoor Furniture and Grill Market: Regional Analysis

Some of the key regions in the outdoor furniture and grill market are Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. Of these, North America has contributed a sizable share of revenues to the global market. Europe is expected to a promising region due to substantial production of garden furniture. The U.S. and the U.K. are lucrative regional markets over the assessment period.

A growing number of furniture brands are setting their sights on Asia Pacific market. Numerous global players have launched new products to meet the taste and preferences of local population. The Asia Pacific outdoor furniture and grill market has seen new revenue streams from growing number of collaborations among outdoor furnishing players and furniture makers.

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Fire Protection Equipment Market Demand Analysis, Statistics, Trends and Opportunities to 2024

As urbanization and concerns about safety widen, the demand for fire protection equipment is expected to surge. Fire equipment consists of various devices ranging from escape and rescue equipment to firefighting gear and fire extinguishers. Fire extinguisher cabinets, dry hydrants, fire extinguisher alarms, fire hoses, fire probing tools, wheeled fire extinguishers, fire blankets, fire extinguisher brackets, escape ladders, hydrant wrenches, and hydrant valves are some common fire protection equipment.

Global Fire Protection Equipment Market: Drivers and Restraints

Growing concerns about safety, implementation of building safety codes, and renovation conducts have been propelling the growth of the global fire protection equipment market. In China, for instance, the Code of Design for Building Fire Protection and Prevention needs to be adhered to. State agencies have developed these standards in collaboration with municipal agencies, designers, and industrial experts. The public security ministry governs these regulations via local fire services.

As the industrial sector in emerging economies flourishes, the number of casualties caused by fire accidents have been escalating. Loss of life and property caused by fire accidents is not uncommon. As an attempt to reduce the number of casualties caused by fire accidents worldwide, the installation of fire protection has been increasingly acknowledged. All these factors have stoked the growth of the market.

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On the other hand, the perception that fire protection equipment is an unproductive outlay will continue to check the growth of the market. The lack of awareness about the benefits of these equipment will also restrict growth. Absence of rigorous ground-level monitoring in every geographical region has been another key bottleneck for the global fire protection equipment market. However, significant opportunities are likely to emerge on account of rising demand for personal protective equipment. Personal protective equipment includes protective footwear, protective clothing, hand protection, head protection, fall protection, and respiratory protection, and so on.

Global Fire Protection Equipment Market: Regional Outlook

Based on geography, the global market for fire protection equipment has been segmented into Asia Pacific, Europe, North America, and the Rest of the World (RoW). Stringent regulations and government policies have been promoting the installation of fire protection systems in European countries. Europe is expected to emerge as a leading market during the forecast period.

Asia Pacific is likely to emerge with significant opportunities. The growth in this region is chiefly driven by extensive industrial and urbanization activities in countries such as Japan, India, and China. Growing awareness about ensuring safety of people, in public places in particular, has been leading to increasing installation of fire protection equipment. The expanding retail and IT sector in India is exhibiting growing demand for fire protection equipment. Moreover, the growth in this region will be backed by large oil refineries, biotechnology ventures, automobile, petrochemical complexes, steel, food and beverages, and oil and gas sectors.

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Companies Mentioned in the Report

Some of the major companies operating in the global market for fire protection equipment are Napco Security Company, Inc., Honeywell Security & Communications, Cooper Wheelock, Panasonic Corporation, Siemens Building Technologies Group, SimplexGrinnell LP, Gentex Corporation, Bosch Security System Inc., Nohmi Bosai Ltd, ADT Security Services Inc., Spectronics Corporation, and Fenwal Controls Japan Ltd.

As the demand for this equipment is price elastic, manufacturers are forced to produce good quality fire protection equipment at low prices. Leading and well-established market players are able to counterbalance the losses thus suffered by earning profit margins from higher range products. However, small and new market players might have to find an efficient solution to this problem.

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Personal Hygiene Market Business Growth Strategies with Top Key Players

The global personal hygiene market is gaining significant traction in the wake of rising concerns over health, grooming, and beauty. The well-being of the population is imperative for the development of a country. Therefore, governments and large organizations worldwide are taking initiatives that promote awareness regarding the importance of maintaining personal hygiene. These initiatives are working in favor of the growth of the market. Some of the commonly available personal hygiene products are deodorants and antiperspirants, bath and shower products, and soaps.

This research report provides a detailed analysis of the various parameters of the global personal hygiene market. It presents a comprehensive overview of the factors, including drivers, restraints, and opportunities impacting the growth of the market. It offers insights into the statistics pertaining to the market at both regional and global levels. It takes into account the historic and current scenario to estimate future trends of the market. It extensively covers Porter’s five force analysis and market attractiveness analysis that are useful in deriving the competitive landscape of the market. It also profiles key players in the global personal hygiene market along with their business strategies, revenue generation, market shares, latest development, and contact information.

Global Personal Hygiene Market: Drivers and Opportunities

The rising consumer disposable income coupled with the increasing willingness to spend on personal care is one of the vital factors driving the global personal hygiene market. The enhancing health and quality of daily lives of consumers are triggering the sales of personal hygiene products. Moreover, the increasing competitiveness of companies for product innovation is fueling the market. Furthermore, the growing trend of premiumisation in emerging economies is likely to augur well for the growth of the market. Consumers are increasingly inclining towards buying the best available products, which is boosting the overall revenue generation of the market.

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Global Personal Hygiene Market: Geographical Segmentation

On the basis of geography, the global personal hygiene market can be fragmented into North America, Europe, Asia Pacific, and Rest of the World. North America and Europe are expected to account for a large combined share in the market throughout the forecast period. The domicile of a large number of key players is providing a significant boost to the growth of these regions. Moreover, the high acceptance of modern and advanced persona hygiene products coupled with the high consumer spending power is augmenting the growth of these regions.

Emerging economies such as Brazil, India, and China are anticipated to be major contributors to the growth of Asia Pacific and Rest of the World. The rapidly growing population and rising disposable income are providing a fillip to these regions. Furthermore, the improving literacy rates along with rising awareness about the importance of maintaining personal hygiene are stimulating the growth of the regions.

Global Personal Hygiene Market: Competitive Landscape

The global personal hygiene market is a highly concentrated arena. The strong foothold of large and international players is limiting the entry of new players in the market. Prominent players aim to differentiate their offerings from their peers by continuous product innovation and research and development. This, in turn, is intensifying the competition in the market. Some of the prominent players in the market are Unilever, Johnson & Johnson, Carrefour, Reckitt Benckiser Group, Auchan, Safeway, Publix, Godrej Industries Ltd., Costco, Helen of Troy Ltd., Proctor & Gamble Company, Kroger, and Colgate-Palmolive Company.

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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.

Read More