Slewing Drives Market Opportunities | Impact and Precise Outlook 2027

Transparency Market Research delivers key insights on the global slewing drives market. In terms of revenue, the global slewing drives market is estimated to expand at a CAGR of ~ 5% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the slewing drives market report.

Slewing drives are gearboxes that have two to four planetary stages. These drives comprise a planetary gear unit that is robust, compact, and versatile. These gear units are made from high alloy steel. The unit is equipped with a hydraulic fail safe wet type multi-disc and electromagnetic brake. Slewing drives are optimized for best possible tooth flank and root load capacity, and minimum sliding speeds. Their design optimizes torque performance capacity and radial load capacity, while bending stresses are kept within limits to give the perfect meshing between the pinion and gear. Slew drive rings consist of a slew bearing worm shaft, housing, shaft bearings, and a motor with a hollow bore. The motor drives the motor shaft, which, in turn, drives the outer ring of slew bearing and causes it to rotate.

In this market report, TMR estimates that the wind turbines & solar tracker system segment will outpace other applications by the end of 2027, in the slewing drives market. Rise in construction is the primary reason for the growth in the demand for slewing drives across the globe. Increase in government initiatives are expected to drive the growth of the slewing drives market during the period of 2019 to 2027. All these factors are leading to the increasing demand for slewing drives. However, the high cost of equipment and high maintenance cost are expected to hamper the market during the forecast period. Slewing drives need regular maintenance and lubrication, and if this is not done, the remanufacturing cost of the drives becomes steep.

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The Step toward High-Precision & Non-Standard Customization

Stakeholders in the slewing drives market saw a marked rise in new OEM customers, complementing business margins, and driving investments in new production lines and capacity expansions. According to TMR’s study, ~800 thousand units of slewing drives were sold in 2018, and the market is estimated to record ~ 4% CAGR through to 2027.

From the perspective of demand-side dynamics, as the construction machinery gets caught up in the new maintenance cycle abreast surging infrastructure development activities, there is huge requirement for load transmission components such as slewing drives. Additionally, structural adjustments in the manufacturing sector have led to a rise in new facilities, including automation and energy, which has driven the demand for high-quality slewing drives with emphasis on high-precision and non-standard customization.

Versatility in performance is another key aspect that has been gaining the attention of slewing drive manufacturers, devoid of the component’s mechanism – vertical or horizontal. Slewing drives that offer a wide spectrum of torque have been introduced by established manufacturers to suit the various performance requirements of end users. Hourglass technology used in slewing drives have also witnessed significant advancements to cope up with the low-maintenance and performance versatility needs of customers. The focus on greater strength and accuracy has led manufacturers to focus on increased tooth engagement, which has consequentially complemented offering high torque in confined spaces.

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R&D of Anti-corrosive Materials

Key market stakeholders have strengthened their focus toward improving the reliability and lifecycle of slewing drives, and add to their application versatility. The R&D of new materials needed for slewing drives, and the R&D of auxiliary processes & materials do not meet the urging requirements for quality and performance level. This has further led manufacturers to emphasize more stringent internal standards that enable improved geometry, increased depth of hardened layer, and enhanced service life.

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Automotive Injection Molded Mudguard Market Challenges, Applications, Drivers, Trends, Forecast To 2031

 

• Automotive mudguard, also called bumper, is fitted on the outer frame of the wheel to protect the wheel from sand, mud, and stones. An automotive injection molded mudguard enhances the esthetic appearance of the vehicle body. The materials used for automotive mudguards include ABS plastic and polyethylene, which provide better strength and can be easily molded in any shape and size.

Key Drivers of Automotive Injection Molded Mudguard Market

• Rise in demand for light weight vehicles due to the enactment of stringent emission norms across the globe is likely to increase the demand for injection molded products, which in turn is estimated to boost the automotive injection molded mudguard market across the globe. Growing consumer trend toward preference for attractive vehicle esthetics is likely to propel the demand for molded mudguard in vehicles.
• Rise in awareness about protection of the environment across the globe is estimated to further drive the global automotive mudguards market during the forecast period. Rise in demand for electric vehicles across the globe is increasing the popularity of light weight mudguard in vehicles. Widespread of the pandemic across the globe is prompting consumers to buy a new vehicles, which is likely to boost vehicle sales and subsequently, increase the demand for mudguards in vehicles. This is anticipated to boost the automotive injection molded mudguard market across the globe.

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Europe & Asia Pacific to hold significant share of global automotive injection molded mudguard market

• Europe is projected to account for a major share of the global automotive injection molded mudguard market due to a rise in the demand for vehicles across the globe. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers, who have major facilities that undertake research & development regarding the molded products, is likely to propel the automotive injection molded mudguard market across the globe
• Followed by Europe, Asia Pacific is projected to hold a major share of the global automotive injection molded mudguard market due to an increase in sale of vehicles across the region. Increase in demand for electric vehicles across the region due to enactment of stringent vehicle emission norms is projected to fuel the automotive injection molded mudguard market across the region. Presence of major automotive parts manufacturing industries across China, India, and Japan is anticipated to propel the automotive injection molded mudguard market in Asia Pacific.

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Key Players Operating in Automotive Injection Molded Mudguard Market

The global automotive injection molded mudguard market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the automotive injection molded mudguard market are:

• Rhino Manufacturing
• KN Rubber
• Boydell & Jacks
• Fiem Industries Ltd.
• Asia Billion Innovational Technology Limited
• Jonesco
• SM Auto Engineering Pvt Ltd
• Plastic Omnium
• Hans Rubber Industries
• Hayashi Telempu Co., Ltd.
• SABIC

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Automotive Cab Suspension Market Growth, Outlook and Forecast 2021-2031

Cab suspension systems isolate the cabin from the vibrations of the chassis and driveline while traveling on uneven terrain. These systems help improve driver comfort and reduce stress on both the driver and vehicle, especially fatigue of cabin-mounted equipment such as electronics.

Key Drivers of Automotive Cab Suspension Market

• Macroeconomic and demographic trends, such as rapid urbanization, rising incomes, and increased participation of women and youth in the labor force, have fueled the demand for mobility. For instance in developing economies, such as India, growing working population and expanding middle class are driving the demand for automobiles with comfort features. Therefore, these factors are fueling the demand for cab suspension systems from OEMs and in the aftermarket.

Challenges in Automotive Cab Suspension Market

• The COVID-19 pandemic has affected local as well as global automotive supply chains, manufacturing and R&D operations, thus hampering the automotive industry. Post first wave of COVID-19, global economies have started opening automotive manufacturing and supply chain operations. Thus, the COVID-19 impact on the industry seems to have reached a state of normalcy; however, a resurgence in COVID-19 cases in countries across Europe has forced governments to impose a second round of lockdown restrictions. Consequently, uncertainty in the automotive industry continues. However, easing of lockdown restrictions and stagnant demand during the times of lockdown have resulted in the recovery of automotive and ancillary sales in the last few months.

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Opportunities in Automotive Cab Suspension Market

• Cab suspension systems improve vehicle ride comfort, handling, and safety. Market expectations from vehicle suspension systems have been increasing consistently for the last few years. Initially, superior suspension systems were available to the high end vehicle class models; however, integration of the systems in vehicle ranges below the high-end models increased due a surge in customer awareness. This showcases the growing need for improvement of comfort, which is offering significant opportunity for the automotive cab suspension market.

Europe to Dominate Automotive Cab Suspension Market

• In terms of geography, Asia Pacific held a significant share of the global cab suspension system market. China is a prominent market for the automotive industry with an annual sale of 25.76 million new vehicle units. India is a favorable market for cab suspension components with future sales and production of vehicles in the country driven by a rise in the population and income levels of the middle class. In 2019, India became the fourth-largest auto market in terms of sales, displacing Germany, with about 3.99 million units sold in the passenger and commercial vehicles categories.
• Moreover, the Government of India is focused on the development of domestic manufacturing and R&D in the country under the scheme of ‘Make in India’ initiative, thus boosting the cab suspension market in the country. Japan and South Korea are major automotive producing countries in the region with the presence of prominent and established automotive brands such as Hyundai, Honda, Nissan, and Kia that are export-centric and cater to the domestic demand for automobiles. Consequently, these factors propel the cab suspension market in the region.

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Key Players Operating in Automotive Cab Suspension Market

The global automotive cab suspension market is moderately consolidated. A few of the key players operating in the global automotive cab suspension market are:

• Parker Hannifin Corp
• Continental AG
• ZF Friedrichshafen AG
• HYDAC
• Power-Packer, Inc.

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Compressor Wheel Market Survey Report, 2021-2031

According to the report, the global compressor wheel market is projected to reach US$ 27 Bn by 2031, expanding at a CAGR of ~4% during the forecast period. Turbocharged engine of a vehicle offers several advantages over a conventional engine, such as lower emission of exhaust gases, owing to better combustion of the air-fuel mixture in the combustion chamber, higher power, and enhanced fuel economy. Stringent emission norms are a major factor driving the compressor wheel market, as they prompt vehicle manufacturers to comply with emission norms.

Rise in consumer demand for performance and improvements fuel economy are expected to drive the compressor wheel market. The adoption of turbocharger enables a smaller engine to deliver greater output, thus helping in downsizing the engine and saving fuel. Increase in consumer awareness regarding emissions is also a major driver of the compressor wheel market. The compressor wheel in a turbocharger helps proper combustion, thus producing lower levels of particulate matter in diesel engines.

Expansion of Compressor Wheel Market

Rise in acquisitions and agreements between OEM and leading compressor wheel manufacturers across the globe is a key factor boosting the compressor wheel market across the globe. In October 2020, the BorgWarner Inc. acquired Delphi Technologies for business expansion across the globe. China witnessed a surge in both general trade volume and proportion, increasing to 15.66 Trn Yuan. China trade volume accounted for 56.4% of the total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN.

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Based on fuel type, the global compressor wheel market has been bifurcated into gasoline and diesel. Gasoline is likely to be a highly lucrative segment during the forecast period. Rising environmental awareness across the globe is likely to reduce the demand for diesel engines across the globe.

In terms of compressor wheel type, the aluminum compressor wheel segment accounted for a significant share of the global compressor wheel market. Aluminum compressor wheels are widely employed, due to their lightweight and high load carrying capacity, which is the key reason major vehicle manufacturers prefer aluminum compressor wheels.

Regional Analysis of Compressor Wheel Market

In terms of region, the global compressor wheel market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global compressor wheel market in 2019. It is anticipated to hold a leading market share during the forecast period, as rapid expansion of manufacturing industries across the region is likely to propel the compressor wheel market across the region. North America is also estimated to hold a significant share of the global compressor wheel market, owing to increase in the demand for lightweight engines across the region.

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Major Players in Compressor Wheel Market

Prominent players operating in the global compressor wheel market include ABI Showatech Private Ltd., BOOSTER Precision Components, BorgWarner Inc., Changzhou E & E Turbo Power Co., Ltd., Doncasters Group Ltd, E&E Turbo, GARRETT MOTION INC., Jiangyin Uni-Pol Vacuum Casting India Pvt. Ltd., Melett North America Inc. (Melett Ltd.), Nelcon Motor Company, Owen Developments, Pacifica Power Sdn Bhd., PHESSIO TURBO, TurboSystems, Turbotech Precision Products Ltd, UACJ Corporation, UNI-POL CHINA, and Wabtec Corporation.

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Travel and Tourism Market Growth Prospects and Upcoming Trends till 2027

According to a new market report published by Transparency Market Research titled ‘Travel & Tourism Spending Market ((Travel Days – Within 7 Days, 7-15 Days, and More than 15 Days); (Travel Type – Leisure Spending and Business Spending); (Application – Domestic Spending and International Spending)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027, the global travel & tourism market is expected to reach US$ 13,556.4 Bn by 2027, expanding at a CAGR of 5.2% from 2019 to 2027. The market is segmented by regions into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

The travel & tourism market in North America is a mature and organized market and the second largest in the world. According to the UN World Tourism Organization (UNWTO) Report 2018, the number of international tourist arrivals in North America (including Caribbean and Central America) increased from 97.1 million in 1995 to 174.0 million in 2017, holding a market share of 13.0% in 2017 of global international tourist arrivals.

The average annual growth from 2005 till 2017 was 3.7%. The U.S. is the largest travel and tourism market in North America. The U.S. travel & tourism market is the largest and most organized and mature market in North America. As per the UNWTO Report 2018, the number of international tourist arrivals in the U.S. increased from 60,010 in 2010 to 76,941 in 2017, holding a market share of 36.5% in 2017 of international tourist arrivals in the whole of the Americas.

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The travel & tourism market in Europe is the third largest in the world and is also a mature and organized market. As per the UNWTO Report 2018, the number of international tourist arrivals in Europe increased from 308.5 million in 1995 to 671.7 million in 2017, holding a market share of 51.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 3.3%. In the Europe travel & tourism market, Germany, the U.K., and France are the top three travel and tourism markets. Germany is the largest travel and tourism market in Europe, followed by the U.K. and France.

Asia Pacific is the largest travel & tourism market in the world and is a growing market. As per the UNWTO Report 2018, the number of international tourist arrivals in Asia Pacific has increased from 82.0 million in 1995 to 323.1 million in 2017, holding a market share of 24.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 6.4%. In the Asia Pacific travel & tourism market, China, Japan, and India are the top three travel and tourism markets. China is the largest travel and tourism market in Asia Pacific followed by Japan and India.

Middle East & Africa (MEA) is a growing travel & tourism market. As per the UNWTO Report 2018, the number of international tourist arrivals in MEA has increased from 31.4 million in 1995 to 120.8 million in 2017, holding a market share of 9.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 4.9%.In the MEA travel & tourism market, GCC and South Africa are the top two travel and tourism markets.

The South America travel & tourism market is a growing market. As per the UNWTO Report 2018, the number of international tourist arrivals in South America increased from 11.7 million in 1995 to 36.7 million in 2017, holding a market share of 3.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 6.0%. Brazil is the largest travel and tourism market in South America.

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The study provides a conclusive view of the global travel & tourism market by segmenting it in terms of travel days, travel type, and application. In terms of travel days, the global travel & tourism market has been classified into within 7 days, 7-15 days, and more than 15 days. In terms of travel type, the market has been segmented into leisure spending and business spending. In terms of application, the market is segmented into domestic spending and international spending.

The report highlights major companies operating in the global travel & tourism market including TUI Group, Hilton Worldwide Holdings Inc., Carnival Corporation & plc, Airbnb, Inc., Crown Resorts Ltd., Accor plc, Balkan Holidays Ltd., G Adventures, Adris Grupa d.d., and OYO Rooms.

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Natural Hair Care Product Market Demand and & Development Approaches through 2031

 

• Natural hair care products nourish hair in a natural manner. Natural hair care products include shampoos, conditioners, oil & serum, and wax & gel. Shampoos and conditioners that are sulfate-free and paraben-free makes hair much more manageable. As people continue to work from home and practice social distancing, they also embrace more natural tendencies. People practicing home isolation due to the COVID-19 pandemic has resulted in steady increase in sale of natural hair care products through e-commerce websites and other online portals of natural hair care products. Manufacturing companies are also expanding their online sales channels in various countries across the globe to increase sales of their exclusive range of natural care hair products.

Rising awareness about natural hair care products in developing economies projected to drive the market

• Rapid increase in awareness about natural hair care products in developing economies is anticipated to be a driving factor for the natural hair care product market during the forecasted timeline. Rise in usage of natural shampoos, conditioners, and oils & serum etc. is expected to propel the natural hair care product market. Some shampoos enhance the growth of hair, strengthen the hair follicles, and reduce the rate at which the strands fall off. These factors are estimated to increase the demand for natural hair care products.

Rapid increase in sale of natural hair care products through online distribution channels

• Increase in sale of natural hair care products through online distribution channels, especially on company-owned websites of manufacturers and on e-commerce websites such as Sephora, Amazon, and various other local e-commerce portals across the globe is anticipated to create huge opportunities for manufacturers and suppliers of natural hair care products during the forecast period. Producers and distributors also offer attractive offers and instant discounts and EMI schemes to increase the sale of natural hair care products on various e-commerce websites.

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North America Considered the Largest Market for Natural Hair Care Products

• Geographically, the global natural hair care product market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America accounted for major share of the global natural hair care product market in 2020. The market in North America is anticipated to grow at a moderate rate during the forecast period due to rising focus on personal grooming and hair care practices by men and women. Demand for natural hair care products is projected to surge in the U.S., Canada, and Mexico.
• The market in Asia Pacific is anticipated to expand at a significant growth rate during the forecast period due to rising awareness about the harmful effect of chemical based hair care products, besides the promotional initiatives undertaken by companies such as distribution of free samples of natural hair care products, awareness campaigns etc. in China, India, Japan, and other Southeast Asian countries. This is projected to surge the demand for natural hair care products in the Asia Pacific region.

Key Players Operating in the Natural Hair Care Product Market

Prominent natural hair care product companies are likely to face tough competition during the forecast period. Brands such as Avalon Organics, Aveda Corporation, Bentley Laboratories, LLC, and Mama Earth etc. are investing heavily on research & development to make new formulations of natural hair care products and launch a new range of innovative hair care products into the market.

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Companies are spreading awareness and conducting promotional drives to increase the demand for natural hair care products in emerging economies of the globe. Some of the key players operating in the global natural hair care product market include:

• Avalon Organics
• Aveda Corporation
• Bentley Laboratories, LLC
• DAVINES SPA. P.I.
• Estée Lauder Companies Inc.
• Kao Corporation
• Mama Earth
• NatureLab

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Kids Toothpaste Market Is Set to Experience Revolutionary Growth by 2031

 

• Kids toothpaste are a special kind of toothpaste designed for kids of age 2 years to 6 years. Adult toothpaste comprises high amount of fluoride and hence kids toothpastes are different from adult toothpaste in terms of fluoride quantity, flavor, and packaging. Kids toothpaste is available with either less amount of fluoride or with no fluoride at all.
• Increasing rate of cavities among kids coupled with increased awareness among consumers regarding the usage of kids toothpaste is expected to drive the market during the forecast period.

Key Drivers and Opportunities of the Global Kids Toothpaste Market

• In recent years, trends have shown that kids globally are suffering from cavities; consumption of toothpastes with high amount of fluoride content could cause a white mark on the developing teeth. Furthermore, the fluoride is bitter in taste and odorless. The above facts are the primary reason for the usage of kids toothpaste globally. Kids prefer toothpastes which are sweet or sour in taste and which has a sweet odor.
• Manufacturers are coming up with new flavors and packaging styles to cater to the needs of consumers. Also various promotional strategies are adopted by manufacturers to reach a wider audience. The introduction of different flavors is expected to attract kids and develop the habit of brushing teeth, which in turn will create demand for kids toothpaste.

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• Furthermore, increase in the global working population is expected to generate higher per capita income which would result in higher consumer spending. The kids toothpaste market is expected to grow in the coming years because of easy availability of different products and awareness among consumers. The limited availability of different kids toothpastes in terms of packaging and flavor is an opportunity for manufacturers to cater to these demands and contribute to the growth of the market.
• The Covid-19 pandemic has made consumers heath conscious which has shifted consumer preference toward the usage of healthy products. It has created awareness among consumers about oral hygiene products. The Covid-19 pandemic is expected to contribute to the increasing demand for healthy products which is likely to fuel the demand for kids toothpaste during the forecast period.

Europe and Asia Pacific to Hold Major Share of the Global Kids Toothpaste Market

• In terms of geography, the kids toothpaste market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• In Europe, almost 20 to the 90 percent of kids below the age of six suffer from dental caries according to a 2018 study of the World Health Organization. Furthermore, every individual residing in this region has experienced this condition, leading to an environment of concern among parents to safeguard their kids from dental issues. This is expected to drive the demand for kids toothpaste in the region.

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• Most Asian countries appear in the list of emerging economies of the world. These economies tend to have higher economic growth rate, which is expected to generate higher per capita income. The rise in per capita income would lead to higher consumption spending, which in turn is expected to increase the demand for kids toothpaste. It creates opportunity among manufacturers to produce kids toothpaste, as parents are likely to buy the product in order to ensure dental hygiene of their children.

Key Players Operating in the Global Kids Toothpaste Market

• Colgate – Palmolive Company
• Unilever Pvt. Ltd. Company
• Yunnan Baiyao Group Pvt. Ltd.
• Church and Dwight Co. Inc.
• Pigeon Corporation
• GlaxoSmithKline plc
• Kao Corporation

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