Trends in Halal Packaging Market – Get In-depth Industry Analysis by TMR

The term ‘Halal’ refers to permitted under Muslim law. Many of us assume that the term ‘Halal’ refers to food only; however, Halal certification can apply to a number of categories, including food, beverages, pharmaceuticals, healthcare, cosmetic products, and also packaging. Increasing population of the Muslim community across the world, coupled with increasing awareness about Halal certification, is anticipated to drive demand for Halal products and services across the world in the coming years.

Major growth drivers for the Halal packaging market include: growing Muslim population across the world, increased marketability of products due to Halal certification, and improved awareness about Halal certified products and services. However, the increased cost of products in case of carrying out customized Halal packaging can pose a threat to the market growth.

The Halal packaging market can be segmented on the basis of end use industry, which typically includes food and beverages, cosmetics, and others. It can also be classified on the basis of various materials such as plastic and paper.

As the name suggests, Halal packaging involves using Halal certified raw materials for packaging materials and Halal certified lubricants for packaging machinery. The lubricants used in packaging machinery should strictly avoid the use of porcine stearates.

Generally, polymers are produced from petroleum based raw materials. However, additives are added to the polymers to improve their properties. For Halal consumers, the primary concern is the usage of additives derived from indefinite sources for the manufacture of polymer resins. The usage of additives which are derived from non-halal animals (animals which are not permitted for slaughtering according to Islamic law, such as swine) or from permitted animals which were not slaughtered in accordance with Islamic slaughtering / Halal rules, is prohibited for Muslim consumers.

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With regards to Halal packaging, the polymer resins utilized to produce the packaging material contain additives derived from Halal sources and a certificate for guaranteeing that the Halal reliability of the polymer resins is maintained throughout the entire supply chain.

As per the Halal packaging practices, during the manufacturing process, a qualitative investigation for screening and identifying any trace of animal-based element used in additives is conducted, and if any such element is found, it is subsequently substituted with equivalent additives from Halal sources.

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Ten-Year Forecast of Disruptive Technologies in Paper & Paperboard Packaging Market

Paperboard packaging is used to provide packaging solutions, largely to the consumer products. Demand for paper and paperboard packaging solutions is increasing in specific set of application areas, whereas paperboard packaging demand registered impasse growth. Paper and paperboard packaging solutions have extensive applications across several industrial verticals from healthcare to food and beverages industry and personal care to home care. Additionally, these packaging solutions are used in sectors such as freight & carrier, education and stationary, and construction. Furthermore, paper and paperboards are also used to make packaging labels, boxes, cartons and cardboard boxes.

Companies engaged in paper and paperboard packaging solution are widening their offering from core product to consulting services to the end users for picking out the most effective packaging solution as per consumer requirements. The need for such strategy is largely due to stagnate growth in the traditional paper and paperboard manufacturing industry. In the food industry, the paper and paperboard packaging is used to pack fruits, vegetables, ice-cream, meat, etc. In the beverage industry, the paper and paperboard packaging technique is used to package milk, juices, etc., whereas, in the healthcare industry, the packaging technique is used in packing pharmaceutical products, medicines, etc.

Global Paper & Paperboard Packaging Market: Segmentation

The global paper & paperboard packaging market is segmented on the basis of grade, application, product type, and region. On the basis of grade, the global paper & paperboard packaging market is segmented into coated unbleached ‘kraft’ paperboard, White Line Chipboard (WLC), label paper, Folding Box Board (FBB), Solid Bleached Sulfate (SBS), and others (liquid packaging grade, parchment paper, vegetable paper, and filter paper). On the basis of application, the global paper & paperboard packaging market is segmented into food, beverages, healthcare, personal care, home care, and others (construction, education and stationary, etc.).

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On the basis of product type, the global paper & paperboard packaging market is segmented into corrugated box, boxboard, and flexible paper packaging. On the basis of region, the global paper & paperboard packaging market is segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa, Asia Pacific excluding Japan, and Japan.

Global Paper & Paperboard Packaging Market: Drivers and Restraints

Due to increasing consumer awareness about the ill-effects of non-biodegradable materials and rising environmental concerns, consumers are increasingly opting for environment friendly packaging solutions, thus, driving growth of the overall paper and paperboard packaging market. Moreover, increasing disposable income of people especially in the developing countries is another factor fuelling growth of the global paper and paperboard packaging market currently.

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Transparent Barrier Films Market | Get In-depth Industry Analysis by TMR

Transparent barrier films have been an essential part of the packaging industry and since past 10 years have been gaining significant attention of manufacturers owing to their high application in the packaging of products such as foods and toiletries, electronic devices, and industrial materials. Transparent barrier films are coated with an inorganic layer coating on the surface through vapor deposition processing to suit multiple applications. Transparent barrier film prevents the permeations of gases, such as water vapor and oxygen, into the packaged content. It therefore helps keeping the content fresh and protects it from deterioration, such as rotting, drying, color and aroma loss, and vitamin breakdown caused due to the exposure to oxygen and water.

With the various developments and extensive research related to packaging technology, transparent barrier films now also allow electromagnetic permeability, which allows the content to be cooked or heated in ovens and microwaves. High demand from various industries, such as pharmaceuticals, consumer goods, and specifically food and beverages industry, has provided a significant boost to the transparent barrier film market.

The rise in demand for transparent barrier films can also be attributed to the growing focus of the consumers on convenience and sustainability. However, the market in certain regions is restricted owing to the increasing environmental regulations in these regions, and also because of the competition posed by cheap alternate technologies.

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The transparent barrier film market is segmented on the basis of end user industry into food & beverages, pharmaceutical packaging, personal care product packaging, household care product packaging, and other non-packaging markets. The food packaging market segment is the largest end user segment in the transparent barrier film market and is anticipated to remain the most dominant segment in the market during the forecast period. 

Transparent barrier films are also being used for the encapsulation of electronic devices and flexible solar cells and, thus, have a significant growth potential in the coming years.  The transparent barrier film market is segmented on the basis of polymer type into PET, polyamide, polypropylene, polyethylene, and others. On the basis of different coatings, the transparent barrier film market is segmented into silicon oxide, aluminum oxide, and ceramics.

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Driver Monitoring System (DMS) Market to Change the Future of Automotive Experience

Driver monitoring system (DMS) is a vehicle or driver safety system. Driver monitoring system (DMS) is used to monitor driver attentiveness through infrared sensors. It contains a CCD camera positioned on the steering column that is capable of tracking the eye of the driver. The system warns the driver through warning sounds and flashing lights if any dangerous situation is detected. The vehicle applies the brakes automatically if the driver does not take action in time. Driver monitoring system (DMS) monitors the driver for signs of inattention or sleepiness by using an infrared LED and a camera. Its features include distraction warning, dozing/drowsiness warning, and facial recognition.

The global driver monitoring system (DMS) market is primarily driven by the increase in need for safety for drivers. Rise in vehicular accidents has boosted the adoption of driver monitoring system (DMS). These accidents can be primarily ascribed to driver distraction, fatigue, and lack of alertness owing to drink and drive cases. Furthermore, increase in need for efficient, safe, and convenient driving experience is another key factor propelling the global driver monitoring system (DMS) market.

Presence of tight government safety regulations regarding driver safety is anticipated to fuel the demand for driver monitoring system (DMS) in the automation industry across the world. This is mainly because of vehicle companies have increased the safety content of their vehicles according to the government regulations and market. Currently, expansion in the luxury cars market is expected to boost the driver monitoring system (DMS) market across the globe. However, high cost of driver monitoring system (DMS) is a key factor anticipated to hamper the global driver monitoring system (DMS) market during the forecast period.

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The global driver monitoring system (DMS) market can be segmented based on component, vehicle class, monitoring type, material type, vehicle drive type, and region. Based on component, the driver monitoring system (DMS) market can be bifurcated into software and hardware. In terms of vehicle class, the driver monitoring system (DMS) market can be classified into passenger vehicles and commercial vehicles.

In terms of monitoring type, the driver monitoring system (DMS) market can be divided into driver alertness/distraction monitoring, driver fatigue monitoring, drunk driving monitoring, and identity recognition. Based on material type, the market can be segregated into image sensors/cameras, pressure mats, infrared sensors, strain gauges, and steering angle sensors. In terms of vehicle drive type, the driver monitoring system (DMS) market can be classified into IC engine vehicles and electric/battery vehicles.

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Economic Scope in Upcoming Driver Safety Systems Market | Business Opportunities in 2019

Players within the global driver safety systems market are striving to develop advanced systems in order to gain a competitive edge above the others. Leading players with in the market are developing Innovative features in order to maintain their positions in the market, says Transparency Market Research (TMR) in its latest research report on this market. An increasing number of market players are focusing their efforts on introducing advanced yet inexpensive driver assistance technologies. Some of the leading players within the global driver safety systems market are: Magna International Inc., Continental AG, Robert Bosch GmbH, Seeing Machines, Smart Eye AB, Valeo S.A., Denso Corporation, and Infineon Technologies AG.

According to the report, the global driver safety systems Market is anticipated to rise from US$1,921.3 Mn in 2017 to reach US$2,750.0 by the end of 2022. The market is anticipated to expand at a CAGR of 7.4% from 2017 to 2022. On the basis of technology, the global driver safety systems market is segmented into facial expressions, steering angle sensor, heart rate monitoring, eye tracking, and lane departure system. Of these, the eye tracking segment is anticipated to enjoy higher demand among car buyers. This segment was valued at US$ 456.6 Mn and accounted for 23.8% of the total market in 2017. The eye tracking segment is anticipated to exhibit and 8.1% CAGR between 2017 and 2022 and account for 24.5% of the total market by 2022.

On the basis of geography, it is anticipated that Asia Pacific excluding Japan APEJ will hold the maximum share of the market. The APEJ segment will expand at an 8.4% CAGR from 2017 to 2022. It is anticipated to gain 138 basis point market share by 2022. The market’s growth in Asia Pacific excluding Japan is attributed to the adoption of driver safety systems in passenger cars. The high demand from emerging economies in Asia Pacific excluding Japan his behind the leading status of this region within the driver safety systems market.

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Increasing Demand For Convenience And Rising Number Of Road Accidents Driving Market

Rising demand for convenience and passenger safety along with driver safety has led to the growth of the global driver safety systems market. The rising adoption of advanced driver assistance systems has led to a rise in the adoption of driver safety systems in compare, commercial, and mid-sized vehicles, and all types of cars. This market is also boosted by various initiatives taken by government for the improvement of safety of passengers as well as for the reduction of road accidents. Car makers are thus pressurized to adopt and implement driver safety systems on account of the growing focus of the government with regards to the safety of drivers and passengers.

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Safety Programmable Logic Controller Market – Internet of Things to Change the Competitive Environment

A safety programmable logic controller is a dedicated controller specially built to meet certain safety requirements such as the ISO 13849-1, IEC 62061 and IEC 61508 functional safety directives that define the Safety Integrity Level or the risk reduction level enabled by a particular safety function. There are several important differences at the hardware level between the physical programmable logic controller and the safety logic controller. The main difference between the two is the presence of self-checking and redundancy mechanisms in the safety programmable logic controllers that are not found in the standard programmable logic controller.

Another key difference is in the input and output stage. In the case of the former, a safety programmable logic controller continuously keeps track of the input status to identify and malfunctions or failures that could indicate a problem in the machine itself or sometime in the future. In the latter case, there is additional safety circuitry between a connected device and the output meant to limit the damage to the external device in the event of any fault of malfunction.

So how can it be decided if an organisation needs a regular programmable logic controller or a safety programmable logic controller? Typically, the machine safety requirements are understood in one of two ways; by the safety regulations governing machines in the country where it is going to be used or on the basis of the machine type designed. For e.g.- there are substantial machine safety requirement differences between the U.S. and the E.U. or between the E.U. and China. Even machines deployed in the food and beverage industry, a stamping press controller, or an oil refinery controller have different safety requirements that must be taken into account.

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The four main categories available in the safety programmable logic controller market are –

• Category 1 – Lowest category safety circuit. Single channel relay to safety
• Category 2 – Two channel safety circuit. The first channel is hardwired to an e-stop chain while the second channel can be either the PLC monitoring on safety switch auxiliary contact or another hardwire
• Category 3 – Two hardwired channels in a safety circuit. Those drives that have a ‘safe off’ feature are included in this category
• Category 4 – Two hardwired channels for a safety circuit with a safety relay that is self-monitoring. Category 4 is the toughest category and is the most popular in the automobile industry.

Safety Programmable Logic Controller Market: Advantages and disadvantages of safety programmable logic controllers

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The main advantages of a safety programmable logic controller are –

• Major savings in the field wiring, particularly in safety categories 3 and 4
• Highly flexible and scalable
• Remote I/O capability with an added element of safety
• Standard and safety controls in one unit
• Adequate diagnostic capability
• Perfect for many e-stop zone applications

There few disadvantages of safety programmable logic controller are –

• Higher upfront cost
• Requires a certain degree of programming
• Slightly complex for some applications
• Requires maintenance experts with specialized skills

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Ten-Year Forecast of Disruptive Technologies in Silo Bags Market to 2026

According to TMR’s report, the global silo bags market is expected to witness robust growth. The market is projected to register 6.5% CAGR during the forecast period 2017-2026. It is also projected to bring in US$ 693.2 million revenue by the end of 2026.

 

In regards to application, silo bags are expected to be largely used for grain storage during the forecast period 2017-2026. Geographically, North America is expected to remain dominant in the global silo bags market during the forecast period 2017-2026.

Rising Demand for Cost Efficient Storage of Grains to Augment Product Demand

The global silo bags market is witnessing growth due to the growth in awareness regarding wastage of grains at the time of cultivation. The pressure on the production of agricultural crops is increasing owing to the rising population. Hence, the demand for silo bags is also growing as they can protect grain for a long time and help in meeting the ever-increasing demand for grains.

The need for a cost-efficient solution for storage of grains and animal fodder has led to extensive preference for silo bags among farmers in the U.S. and Canada. The North America silo bags market is expected to witness healthy growth rate owing to small farmers demanding silo bags for short-term and affordable packaging and storage purposes.

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Rising demand for convenience packaging among new generation farmers has compelled the manufacturers of silo bags to innovate in terms of optimum space requirements, storage efficiency, high performance and flexible plastic sheets.

Stringent Environmental Regulations May Hamper Market Growth

Stringent guidelines issued by regulating authorities concerning food and environment have consequential implications on the silo bags market in North America. Stringent FDA regulations regarding the use of harmful chemical substances, and also various regulations for specific thickness, length and breadth for manufacturing of silo bags has led to market preference for alternative environment friendly products.

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Rapid Growth in E-Commerce Sector Fuel Demand for Automated Parcel Delivery Terminals

Globalization along with improved technology has boosted e-commerce sector phenomenally. Nowadays, online ordering and there is also a rise seen in cross-border delivery, which has augmented demand for automated parcel delivery terminals. Moreover, developing advanced distribution channel and the presence of swift modes of delivery have further boosted growth in the global automated parcel delivery terminals market. 

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Seeing growth in the e-commerce sector and advantages of using automated parcel delivery terminals, governments across the globe have started installing these terminals. Availability of these terminals has simplified the difficulty that was faced while fetching parcels. According to a market research company, the global automated parcel delivery terminals market is expected to rise at a staggering 12.3% CAGR between 2017 and 2025. Over this tenure, the market is expected to reach a valuation of US$1.03 bn by the end of 2025. 

Another significant contribution is made by players operating in the global automated parcel delivery terminals market. Players such as ByBox Holdings Ltd., TZ Ltd., Bell and Howell, LLC., ENGY Company, Neopost group, and Winnsen Industry Co., Ltd. are making sincere efforts in using advanced technologies to enhance services of automated parcel delivery terminals. Moreover, the entry of new players in the market is also expected to diversify the market at a great extent. Therefore, this market is seems fragmented due to the presence of a large number of old and new players operating in the global automated parcel delivery terminals market.

Cross-Border Delivery to Flourish Growth for Automated Parcel Delivery Terminals

A significant rise in the use of internet and advanced technologies has resulted in the growth of online sales. This is a crucial factor augmenting growth in the global automated parcel delivery terminals market. Advancements taking place in distribution channels and the presence of swift delivery modes have contributed to growing this market. In addition, rising cross border parcel system on a regular basis is also a primary factor driving growth in the global automated parcel delivery terminals market.

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Rising Standards Of Living Surge Demand in Global Air Conditioning Systems Market

Globally, the living standard of the people has increased largely due to rapid economic development has increased demand for air conditioners. Air conditioning systems have gained huge popularity in the last couple of years. Moreover, the popularity of inverter air and smart thermostats conditioners has also grown thus, driving overall demand in the global air conditioning market. Its application is seen in the industrial, residential, and commercial sector. As the demand for air conditioning systems has increased at a large scale, various manufacturers are focusing on improving the efficiency of these systems by following energy conservation norms. 

A market research company stated that the global air conditioning systems would rise at a steady 5.1% CAGR between 2016 and 2024. Over this tenure, the market will attain a valuation of US$167 bn by the end of 2024. These figures denote to the growing environmental consciousness that forced players to develop energy efficient systems. 

Adding to it, rising pressure from the government to create more energy efficient air conditioners has also encouraged players to taken conscious efforts in developing these types of systems. In fact, few players in developing regions are also managing their profits by lowering the prices of air conditioning systems. However, this diminishes their profit margins, as they are forced to manage prices as per customers’ capabilities. 

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Eco-Friendly Air Conditioning System Strengthened the Position of North America 

Players manufacturing air conditioning systems are now focusing on using new and advanced strategies to develop eco-friendly air conditioning systems; this will further expand growth in the global air conditioning systems market. Moreover, changing government policies that favor environment-friendly systems has also pressurized these to develop better and advanced environment safe air conditioning systems. In addition, players are also using advanced air purifying technologies that have further augmented growth in the global air conditioning systems market. On the other hand, rapid economic development and increasing living standards have boosted demand for air conditioning systems in Asia Pacific as well.

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Growing Urbanization Propels the Agricultural Tractors Market

The agricultural tractors market is serving a key demand in the increasing urbanized world. Growing urbanization is leading to labor shortages, land pollution, and land shortages in rural areas as well. Growing population and rising disposable in regions such as Asia Pacific is expected to fuel growth of the agricultural tractors market. 

Tractor is a key equipment to fill the gap between rising demand and limited supply of land. This equipment is widely used in large-scale commercial agricultural applications. Additionally, many agricultural applications such as irrigation, cultivation, seed sowing, and harvesting depend heavily on the use tractors. 

Main players in the agricultural tractors market also cater to other sectors such as construction, which is growing in emerging nations as well. Developments in the mature markets such as construction of a border wall and expected large investments in outdated infrastructure in countries like the US are expected to create lucrative opportunities in the agricultural tractors market. 

Automation a Driving Factor for the Agricultural Tractors Market 

Agricultural work requires the use of heavy manual labor without the integration of labor technologies. In regions like Europe and North America, labor costs are significantly high which challenge growth of large-scale agriculture. Additionally, increasing urbanization provides ample opportunities for people in rural areas to leave the traditional profession for more lucrative opportunities in cities. These factors have conventionally led the demand for the growth of the agricultural tractors market. 

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Automation promises to take this opportunity further. Automation frees large-scale agriculture sector from relying on human efforts to a considerable extent. Additionally, it also promises to make agricultural operations more efficient and productive with the help of Internet of Things (IoT) technology. Additionally, companies in the agriculture sector are already deploying technologies like drone to monitor everyday operations, which goes hand-in-hand with automation. However, large initial investments in automation and IoT technology are expected to pose a challenge to the growth of the agricultural tractors market.

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Luxury Furniture Market – Urbanization and Improving Disposable Incomes Stir Market Growth

The global luxury furniture market is expected to grow notably in the upcoming years. The key players in the market are rapidly working on establishing the manufacturing units in the developing economies owing to the low initial costs and investments. Aggressive marketing techniques are being used in the entire market by most of the leading players, to create a lasting impression among the consumers. Some of the major players operating in the global market are Nella Vetrina, Muebles Pico, Laura Ashley Folding PLC, Henredon Furniture Industries Inc., Scavolini S.p.A., Giovanni Visentin srl, Turri S.r.l, Iola Furniture Ltd, and Heritage Home Group LLC.

According to a recent report by Transparency Market Research (TMR), the global luxury furniture market is estimated to expand at a steady CAGR of 5.2%, during the forecast period from 2017 to 2022. The market is prognosticated to reach around worth of US$29,496.7 mn by the end of 2022, from US$22,937.6 mn back in 2017.

On the basis of material types utilized in making of furniture the market is led by wooden luxury furniture segment, with highest revenue in forthcoming years. This is attributed to the monetary value, durability of the material, and aesthetic value in the global luxury furniture market. Regionally, Asia Pacific is providing a huge scope for players in future. Particularly, China is expected to be one of the key revenue generating nation owing to rise in urbanization and increase in disposable income of the people.

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Easy Online Payment to Surge Development in Market

The pattern of safely online bill payment and e-shopping through net-banking is estimated to help the development of the market. In addition, with simple EMI alternatives and rise in number of middle class people are also ready to afford the cost of luxury furniture. Moreover, rise in disposable income of the entire population is as well supporting the development of the luxury furniture market all over the globe. This is on the grounds that a rise in income has prompted people to shift from standard furniture to luxury furniture products. The growing tendency of buying luxury things as a sign of value of space and status symbol are among the key factors surging the demand for luxury furniture in the market.

Fake Luxury Furniture Material to Hamper Market Growth

One of the difficulties hampering the development of the global luxury furniture market is the developing awareness among the buyers with respect to the negative effect on the nature on utilizing wooden furniture. As wood is a noteworthy income procuring material, it might influence the development of the market in the years to come. The developing accessibility of fake luxury material furniture which are valued at a much lower rate and worked with low quality materials is debilitating the development of the luxury furniture market. Nevertheless, the surging in real estate and construction sectors is foreseen to boost the development of the luxury furniture market.

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Organic Personal Care Market is Growing Big With Beauty Industry | Review by TMR

The global organic personal care market is highly competitive, observes Transparency Market Research. Presence of several players and consistent influx of local vendors has made the competition extremely stiff. Though this means rapid growth rate for the global organic personal care market, it also translates to companies investing more in better branding and marketing strategies to improve the presence of their products. In the coming years players are expected to cater to the demands of varying regional consumers keeping in mind factors such as weather conditions and dietary habits that affect skin and hair. Some of the leading players operating in the global organic personal care market are Amway, The Body Shop, Loreal SA, Natura Cosmeticos SA, and Estee Lauder.

According to the research report, the global organic personal care market is expected to be worth US$18.7 bn by the end of 2022 from US$10.9 bn in 2017. During the forecast years of 2017 and 2022, the global market is projected to surge at a CAGR of 11.3%. Out of the various products available in the global market, the demand for hair care products is expected to remain the highest in the coming years. By the end of the forecast period, the hair care segment is projected to be worth US$5.7 bn. Geographically, the global organic personal care market is likely to be dominated by North America as it paces to reaches an estimated valuation of US$5.8 bn by the end of 2022.

Awareness about Benefits of Organic Personal Care Products to Spike Demand

The global organic personal care market is expected to witness a definite surge in the coming years as disposable incomes continue to be on the rise. The change in the use of products for personal grooming and increasing awareness about the aesthetics are significantly fueling the growth of the overall market.

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In the coming years, the market is also likely to be driven by growing concerns pertaining the usage of chemicals in cosmetics and other personal care products. Thus, the wave of living a chemical-free life is likely to stoke the demand for organic personal care products in the near future.

Entry of several brands that have been promoting natural and organic personal care products for hair, skin, nails, and overall wellbeing have caught the attention of many youngsters with disposable income and awareness. Additionally, there has been a growing realization about the benefits of using organic personal care products. Both of these factors have been identified as key drivers for the global market. Improving distribution channels and rise of e-commerce has also augmented the global market to a new level. Ability to shop for these products online has significantly improved the profit margins for the various companies.

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Fluid Coupling Market is driven by Growing Demand for Natural Resources

According to a new market report published by Transparency Market Research titled ‘Fluid Coupling Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global fluid coupling market is expected to reach US$ 1,273.3 Mn by 2026, expanding at a CAGR of 4.2% from 2018 to 2026. In terms of volume, the market is expected to reach 435 thousand units, expanding at a CAGR of 2.9% from 2018 to 2026. Asia Pacific held a prominent share in the global fluid coupling market in2017.

The oil & gas industry is a major consumer of fluid couplings across the world. According to OPEC (Organization of the Petroleum Exporting Countries), the global demand for oil stood at 92.0 mb/day (million barrels per day) in 2014 which has increased at a CAGR of 1.8% to reach 97.0 mb/ day.

In the Asia Pacific region, oil demand from China is increasing at a healthy rate due to increasing demand from the transportation and petrochemical sector. In China and India, rising sale of automobiles is increasing the demand for gasoline, which is subsequently increasing the demand for oil. In India, there is increasing demand for oil from agricultural, residential, industrial, and transportation sectors. All these factors are increasing the demand for oil & gas in India, China, and other Asia Pacific countries. Fluid couplings are extensively used in oil & gas industry. Thus, increasing demand for oil & gas is driving the demand for fluid couplings.

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Global demand for cement production is expected to be a major opportunity for the global fluid coupling market. Among the regions, the most significant growth in the cement industry is expected from the Asia Pacific region. In Asia Pacific, China and India are the largest producers of cement. The Government of India intends to increase the investment in infrastructure which is expected to increase the demand for cement up to 45 million tons (MT) in the next three to four years. Overall, India’s cement demand is expected to increase to approximately 550-600 million tons per annum (MTPA) by 2025. This is expected to present a good opportunity for the growth of fluid coupling in the cement sector.

In certain applications, VFDs (Variable Frequency Drive) act as a substitute for fluid couplings. VFD can replace a fluid coupling in certain applications such as electrical motors. Also, the cost and time associated in designing and manufacturing fluid couplings are more than VFDs. A VFD can control the amount of current that flows into an electric motor which is not possible in fluid coupling. This removes unwanted spikes in current flow, better manages overload, and by-passes extra current flow in the motor. Thus, a VFD acts a substitute of fluid couplings in certain applications.

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Industrial Gas Regulator Market – Growing Applications of Natural-gas-fuel-based Equipment Boosting the Demand

As per the latest comprehensive and insightful research report released by Transparency Market Research, the United States industrial gas regulator market is highly fragmented. However, there are a few well-established brand names such as The Linde Group, Honeywell, and Air LIquide S.A. that are making their presence felt in the U.S. industrial gas regulator market. These players enjoy a significant market share owing to their forward and backward integration in the ecosystem by providing integrated and turnkey solutions across various industries.

Moreover, these players have deeply penetrated the United States industrial gas regulator market by introducing innovative and technologically advanced products in the market, such as hybrid single-stage regulators for reduced complexity in industries to control the flow of gas. Others companies, such as Air Products and Chemicals Inc., Itron, Inc., and Praxair Technology, Inc. are the emerging players in the United States industrial gas regulator market and have positioned themselves well in the market.

As per the available projections given in this research report, the U.S. industrial gas regulator market was valued at US$ 2,468.4 Mn in 2017 and is slated to reach a valuation of US$ 3,030.5 Mn in 2024, reflecting a CAGR of 2.9% during the assessment period 2017-2024.

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A growing demand for innovative products that offer improved performance and reliability and reduce environmental impact are driving the demand for new technologies and contributing to the growth of the United States industrial gas regulator market.

Improvements in gas regulator technologies are anticipated to set new standards in performance of the industrial gas regulators by replacing the diaphragm used in the ordinary regulators with pistons in order to enable them to operate at an increased frequency, and also offer reliability and improved pressure stability, and these developments are driving the industrial gas regulator market in the United States.

For example, Linde Group launched a hybrid premium regulators named Smoothflo. Such kind of regulators provide multi-stage performance and constant gas flow without any adjustments and provide enhanced safety as well. The impact of technologically advanced gas regulators on the industrial gas regulator market in the United States is expected to be high, as industries demand advanced technology products for better performance, enhanced safety and reduced redundancy of work.

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Autonomous and Semi-autonomous Tractors Market | Ground-breaking Innovation for the Agriculture Sector

Transparency Market Research has published a new report titled, “Autonomous & Semi-autonomous Tractors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026”. According to the report, the global autonomous & semi-autonomous tractors market is anticipated to surpass US$ 9 Bn by 2026, expanding at a CAGR of more than 25% during the forecast period.

Market for autonomous and semi-autonomous tractor is likely to expand significantly during the forecast period, owing to the high rate of adoption of technology among farmers in order to boost the production of their farms. Specifically, the driverless tractors market is expected to expand in developed regions such as North America and Europe; however, the rate of adoption of driver-assisted tractors, which comprise steering-assist and land monitoring systems, is expected to rise remarkably in developing countries such as India, China, and Brazil.

Rising population is boosting the demand for agricultural products; however, contraction in availability of agriculture land is prompting people to adopt highly advanced technologies, which can contribute to enhanced production. In the first decade of the 21^st century, precision agriculture enhanced the production of farms remarkably in the U.S., which encouraged other countries in other regions to adopt advanced technologies in order to increase production of their farms and follow better land management techniques.

Manufacturers are likely to focus on semi-autonomous tractors in developing countries, while the market for fully driverless tractors is likely to expand rapidly in developed countries, such as the U.S., Canada, France, and the U.K. The rate of adoption of driver-assisted autonomous tractors in developing regions is anticipated to be higher than fully autonomous tractors owing to the high cost of fully autonomous tractors.

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The agriculture sector is a major contributor to the global GDP (gross domestic product), and in 2014, it accounted for one-third of the global GDP. According to the World Bank, agricultural development is a highly powerful tool, which can be utilized to beat extreme poverty. Therefore, in most regions, governments are taking required steps to boost their respective agriculture sectors and manufacturers involved in the manufacturing of agricultural equipment are continuously developing equipment that can boost the production of the sector. Therefore, such development is likely to boost the autonomous & semi-autonomous tractors market.

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Automotive Sun Visor Market Emerging Trends and Strong Application Scope by 2026

Transparency Market Research has published a new report titled, “Automotive Sun Visor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026”. According to the report, the global automotive sun visor market is anticipated to surpass US$ 10 Bn by 2026, expanding at a CAGR about to 3% during the forecast period.

The sun visor is installed in a vehicle in order to block the sun’s glare from distracting the driver and passenger. The sun visor was introduced in a Ford model T car in 1924. The sun visor is located in the cabin of the vehicle just beyond the windshield. The sun visor comprises of various components such as flap, mirrors, and lights. Different types of materials are used for the surface of the sun visor for enhanced esthetic appearance.

The sun visor offers several advantages including heat absorption. The sun visor absorbs the heat and protects the electronic equipment in the car, thereby maintaining the temperature in vehicle cabin by blocking the sun light. The sun visor substrate is typically made form pressboard with the attachment of metal. Some sun visors are incorporated with mirrors and light for enhanced appearance. LCD sun visor is gaining popularity among consumers, as it not only blocks sunlight but is able to integrate DVD playback into the vehicle.

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The conventional type sun visor segment is estimated to expand at a significant growth rate during the forecast period. Usage of conventional sun visor is high in passenger as well as commercial vehicles. Premium vehicles are equipped with the LCD type sun visors and hence, it is a highly attractive segment and is likely to expand at a significant growth rate during the forecast period. Rising demand for SUVs and premium vehicles across the globe, owing to preference by the young generation toward premium and SUVs, increase in purchasing power, and rise in per capita income are likely to drive the market. Sun visors are employed in light commercial vehicles and heavy commercial vehicles. Rise in demand for safety for drivers and passengers in commercial vehicles is likely to drive the sun visor market during the forecast period.

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Future Trends in Assembly Line Solutions Market | Smart Factory Solution

A report on the global assembly line solutions market to be added to the vast repository of Transparency Market Research presents thorough information on it. The report could be a valuable guideline for major stakeholders in the market. This study has been carried out through an in-depth primary and secondary research. The report can help players gain knowledge about the opportunities and pitfalls in the assembly line solutions market, so that they can take informed decisions. The report also highlights growth drivers and restraints in the global assembly line solutions market.

The global assembly line solutions market has grown steadily over the years owing to its pivotal role in manufacturing processes. This is because assembly line solutions help in faster product processing along with reducing manufacturing errors. It also aids manufacturers in churning out quality of products. Overall, assembly line solutions enhance manufacturing capabilities of production plants. It is widely known one of the most useful methods for assembling components.

Global Assembly Line Solutions Market: Key Trends

Assembly line solutions reduce the need for human workforce and time for product processing. This is driving demand in the global assembly line solutions market. With the increasing industrialization across the globe and rising production capacities in manufacturing industries, demand is set to soar further in future. Assembly line solutions give nimble manufacturers an edge over their rivals in today’s highly competitive environment.

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Assembly line solutions system is widely used in the industries such as electronics and semiconductors, automotive, consumer goods, and industrial manufacturing. In these industries, assembly line solutions helps to achieve mass production. It allows the manufacturing plants to break the overall production processes into multiple processes in order to reduce labor. Such benefits are expected to be fueling the global assembly line solutions market. Assembly line solutions promise in faster work, provides better quality with minimum production cost. These features has compelled different end-users to incorporate assembly lines into their manufacturing processes. These huge applications are believed to push the growth in the global assembly line solutions market.

Global Assembly Line Solutions Market: Regional Outlook

Region wise, there is a possibility of Asia Pacific leading the global assembly line solutions market. This is because the region has witnessed rapid industrialization. Increasing demand for commercial and passenger vehicles could be responsible for fueling the global assembly line solutions market in the region. India, China, and South Korea are the most prominent countries in the region driving the overall growth in the global assembly line solutions market.

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Future Impact of Industry 4.0 in Process Automation & Instrumentation Market

The process automation and instrumentation market is likely to grow at healthy pace during the course of forecast period from 2018 till 2026. The growth in the global automation and instrumentation market depends on growing prominence on regulatory compliance in the process industries. The rising adoption of IoT across various industries and shift in production process from conventional to digital is another factor stimulating growth of this market in coming years.

On the basis of instrument, Field instrument is likely to dominate the global process automation and instrumentation market. As the instrument plays crucial role in the control of process parameter in the process industries.

The study provides comprehensive analysis of the global process automation and instrumentation market along with this the growth prospect of this market is also highlighted in great details. The report also provides factors promoting and deterring growth of this market. The report also offers competitive dynamics in the global market by factoring the weakness and strength of the key players, key products and degree of competition among the players are also included.

Global Process Automation and Instrumentation Market: Trends and Opportunities 

The global process automation and instrumentation market is driven by increasing regulatory compliance in the processed industries. The rising labor wages in the industrial sector is another trend supporting growth of this market. Further, increasing demand for proactive solutions that can determine failure at the component level, has also provided a boost to the growth of this market in coming years.

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The increase in adoption of multivendor portable application will be one of the key factor influencing growth of this market. In addition, the increasing industrial automation rate of adoption among several end-user industries are stimulating growth of this market in the upcoming years. Further, the growing demand for utilities and energy is anticipated to offer highest growth over the forecast period. The industry helps in reducing emission and is pushing for increasing efficiency. The process automation and instrumentation offers proficient output and input energy management and thereby promoting towards growth of this market.  The ever-growing demand for energy and government initiatives to improve power reliability and to increase inclination towards the local industries. These are some of the factors propelling growth of this market in the upcoming years.

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Fire Extinguishers Market By Leading Manufacturers and Product Types With Region By 2026

The rising awareness about the fire safety norms and strict government regulation towards the fire safety norms are propelling growth of the global fire extinguisher market. The growing safety concern has compelled the residential and commercial complex to be equipped with the fire extinguisher. These are some of the factors fuelling demand for the global fire extinguisher market in the near future.

On the basis of end user, the industrial segment account for maximum share in the global fire extinguishers market. This is because growing industrialization in developing and developed countries for example Brazil, Indonesia, India and China.

The report offers comprehensive analysis of the global fire extinguishers market along with the segmental and regional analysis is also included in the research report. The report also offers key restraints and drivers impacting growth of this market. In addition, the research report also provides changing competitive landscape of this market in the coming years.

Fire Extinguisher Market: Trends and Opportunities 

The global fire extinguisher market is likely to offer significant growth during the course of forecast period from 2018 till 2026. The increasing constructions activities for the development of commercial centers, new industrials plants and launch of new housing projects and implementation of strict norms related to fire safety is positively augmenting for the growth of the global fire extinguishers market in the coming years. In addition to this, growing innovation in solution for instance innovation in sound based firefighting technology is another factors influencing growth of this market in the foreseeable future.

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The developed nations such as Japan, Saudi Arabia, the U.A.E and U.S. is investing more on their infrastructure growth and this is likely to boost growth of the global fire extinguishers market in the upcoming years. The growing construction of the high rise buildings is stimulating growth of the global fire extinguishers market in the near future.

On the other hand, lack of awareness about the individual house owners about the installation is comparatively low across the globe. Additionally, lack of strict regulation towards the stringent enforcement of the fire safety norms in individual house units are some of the major factors hampering overall growth of this market in the foreseeable future.

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Increasing Miniaturization in the Semiconductor Industry to Fuel the Global Industrial Radiography Equipment Market

According to a new market research report published by Transparency Market Research titled ‘Industrial Radiography Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global industrial radiography equipment market was valued at US$ 574.8 Mn in 2018 and is expected to expand at a CAGR of 6.75% from 2019 to 2027, to reach value of US$ 1,032.7 Mn by the end of the forecast period.

Growing popularity of industrial radiography across the globe to fuel the market

Industrial radiography is increasingly being used in various sectors, such as aerospace & defense, semiconductor, and oil & gas, in order to ensure the structural integrity of products and identify faults, if any, in the manufacturing of components. This is projected to augment the demand for industrial radiographs across the globe. This, in turn, is likely to fuel the industrial radiography equipment market during the forecast period.

Increasing miniaturization in the semiconductor industry to fuel the global industrial radiography equipment market

Over the last few years, the semiconductor industry has been flourishing across the globe, especially in developing economies such as China and India. There have been several technological advancements in the field of semiconductors as the size of electronic components continues to shrink and the demand for high-performance products with increased efficiency in terms of power consumption is increasing. The shrinking size of components makes it difficult to conduct quality tests on components such as printed circuit boards (PCBs), wafers, plug contacts, and wiring.

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With the help of industrial radiography, it is possible to carry out nondestructive analysis of electronic components such as surface-mount devices (SMDs) and column grid arrays; to identify solder bumps in ICs; and to study the thickness of materials coated on PCBs. Industrial radiography is increasingly being used in the semiconductor sector by key players engaged in the manufacture of electronic components in order to ensure high quality and efficient performance.

Digital radiography segment to expand at a rapid pace throughout the forecast period

Based on imaging technique, the global industrial radiography equipment market has been divided into film-based radiography and digital radiography. Furthermore, the digital radiography segment has been sub-segmented into direct radiography, computed radiography, and computed tomography. Owing to high quality of images generated with the help of digital radiography, the digital radiography segment is expected to expand at a rapid pace during the forecast period. High quality of images makes it possible to better analyze the quality of components under consideration.

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IoT and AI to Dominate the Intelligent Electronic Devices Market

According to a new market research report, published by Transparency Market Research the global intelligent electronic devices market is expected to reach value of US$ 19.31 Bn by 2026, expanding at a CAGR of 6.2% from 2018 to 2026. According to the report, the market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, Asia Pacific is projected to lead the global market during the forecast period. The market in the region is likely to expand at a CAGR of 7.7% from 2018 to 2026. China, India, and Japan are expected to be major contributors to the intelligent electronic devices market in Asia Pacific during the forecast period.   

Focus on Reducing T&D Losses 

An intelligent electronic device (IED) is a device that is added to an industrial control system to enable advanced power automation. Constantly rising efforts to reduce T&D losses and high use of IEDs such as control circuit breakers, capacitor bank switches, and voltage regulators for the purpose of power fault detection in multiple industrial processes are expected to drive the global intelligent electronic devices market in the near future. Additionally, rising need for substation automation solutions in the solar industry and increasing demand for retrofitting of conventional substations are likely to impact the market in the next few years.

The factor is also expected to create lucrative opportunities for manufacturers of intelligent electronic devices in the next few years. Moreover, intelligent electronic devices has become an important topic for scientists to research in. Furthermore, rising deployment of smart grids and favorable initiatives taken by government bodies are expected to propel the demand for intelligent electronic devices in the next few years.

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The global intelligent electronic devices market has been broadly segmented in terms of type, application, end-use industry, and geography. Based on type, the market has been segregated into digital relay, voltage regulator, protection relay, circuit breaker controller, load tap changer controller, recloser controller, capacitor bank switch, and others. Among types, the digital relay segment accounted for a major market share of more than 30.0%, in terms of revenue, in 2017. The segment is anticipated to expand at a CAGR of 6.5% during the forecast period.

In order to fulfill the global demand, various manufacturers of intelligent electronic devices are currently focusing on research and development activities on a regular basis in order to invent advanced applications of these devices. With growing urbanization and industrialization, the need for distribution systems that can function in harsh environments and occupy less space has been rising. IEDs such as PLCs, smart meters, and digital relays are optimal for use in substations, which creates significant potential for the growth of the global intelligent electronic devices market. In addition, rising urbanization is augmenting the demand for intelligent electronic devices suitable for use in harsh environments. This is likely to boost the demand for IEDs such as PLCs, load tap controllers, and digital relays in the next few years.

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IoT to Change the Future of Smart Antenna Market

The global smart antenna market was valued at US$ 4,909.4 Mn in 2017 and is anticipated to register a stable CAGR of 8.4% during the forecast period 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Smart Antenna Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Increasing application of smart antennas in smartphones and growing demand for smart antennas in wireless communication has increased the penetration and growth of the smart antenna market globally. The market in North America is expanding at a significant CAGR of 8.8% on the backdrop of numerous technological innovations in communication technology.

Increasing Popularity of Smartphones to Drive Growth of the Smart Antenna Market

Growing popularity of smartphones is ultimately resulting in high demand for smart antennas worldwide. Smartphones have become a viable alternative to laptops and personal digital assistants (PDAs), offering features such as SMS and voice messages coupled with multimedia functionality, internet applications, inbuilt GPS capabilities, and high data processing capabilities.

Huge investments and advancements in technology are boosting the demand for smartphones globally. The growing requirement of quick data transmission and high speed of downloading and web browsing will continue to create heightened demand for smart antennas.

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By technology, the smart antenna market has been segmented into SIMO (Single Input Multiple Output), MIMO (Multiple Input Multiple Output), and MISO (Multiple Input Single Output). Due to its higher spectral efficiency and link reliability or diversity, MIMO has evolved to become an important part of modern wireless communication standards such as HSPA+ (3G), Long Term Evolution (4G), WiMax (4G), and IEEE 802.11n (WiFi). MIMO held the largest share of the market in 2017.

By type, the smart antenna market is classified as switched multibeam antenna and adaptive array antenna. In 2014, adaptive array antenna was the largest contributor to the market. Dominance of the market by adaptive array antennas is expected to continue during the forecast period. However, the switched multibeam antenna segment is expected to expand significantly during the forecast period. Switched beam antenna systems offer significant increase in capacity and coverage as compared to conventional antenna based systems.

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Edutainment Market | Development of An Educational Game Based on IoT

According to a new market report published by Transparency Market Research the global edutainment market is estimated to reach US$ 10,120.2 Mn by the end of the forecast period 2027. According to the report, North America was the largest contributor in terms of revenue to the edutainment market in 2017. This is primarily due to strong technological advancement and considerable application of edutainment in banks and financial institutions across the region.

The Development of Knowledge through the Content of Games is driving the Edutainment market

Gaming is the most adopted method for education; it helps promote learning among children. Most pre-school and kindergarten providers have realized that open-ended play in the right environment helps children develop and learn emotionally, cognitively, socially, and physically. This is a major factor that is expected to boost the edutainment market during the forecast period. Innovation in games, need for physical activity in today’s lifestyle, and substantially increasing investment by established players are some of the major factors fuelling the growth of the edutainment market. In recent years, edutainment centers introduced changes in edutainment games offered by them due to the advent of “triple revolution” of social media, Internet, and mobile devices, and this has led to serious competition.

Edutainment Market: Scope of the Report 

The global market for edutainment is segmented on the basis of facility size, gaming type, visitor demographics, revenue source, and geographic regions. Based on facility size, the market has been segmented into 5,001 to 10,000 sq. ft., 10,001 to 20,000 sq. ft., 20,001 to 40,000 sq. ft. and > 40,000 sq. ft. 5,001 to 10,000 sq. ft., facility size accounts for the largest share in terms of revenue in the global edutainment market.

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Based on revenue source, the market has been segmented into entry fees & tickets, food & beverages, merchandising, advertising, and others. On the basis of visitor demographics, the market has been bifurcated into children (0-12 years), teenager (13-18 years), young adult (19-25 years), and adult (25+ years). In terms of gaming type, the market has been bifurcated into interactive, non-interactive, explorative, and hybrid combination games. Explorative gaming type segment is expected to expand at the highest CAGR globally during the forecast period.

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Aluminum Foil Packaging Market Study Landscape & Industry Innovations Encountered Huge Growth by 2025

According to the report, the global aluminum foil packaging market will exhibit a 4.8% CAGR from 2017 to 2025, rising from a valuation of US$20.8 bn in 2016 to a revenue opportunity of US$31.5 bn by 2025.

The global market for aluminum foil packaging features an extremely fragmented vendor landscape, with the leading 12 companies collectively holding only around 10.1% of the overall market in 2017, observes Transparency Market Research in a recent report. Alongside internal struggles in the way of attaining a larger hold of the market, external challenges such as easy availability of substitute packaging options continue to make the aluminum foil packaging continues to be intensely competitive. Focus on improved and more proliferative marketing strategies, expansion across emerging economies that are witnessing a vast rise in the number of modern retail outlets such as supermarkets and hypermarkets, and strategic collaborations with smaller players with well-developed distribution channels could help companies gain traction.

Some of the leading companies in the market are Ess Dee Aluminium Ltd, United Company RUSAL Plc., Amcor Limited, China Hongqiao Group Limited, Eurofoil, Hulamin Ltd, Pactic LLC, and Hindalco Indistries Ltd.

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Based on thickness, the segment of 0.09 mm to 0.2 mm serves the dominant share of demand and is likely to expand at the most prominent CAGR over the forecast period as well. In terms of type, the segment of unprinted foil serves a notably larger share of demand as compared to the segment of printed foils. Geographically, the market in Asia Pacific is presently the most lucrative regional market and is likely to remain so over the forecast period as well. The key factors driving the Asia Pacific aluminum foil packaging market include the high population, a thriving food and beverages industry, and increased uptake of packaged foods and beverages across emerging economies.

Increased Demand for Packaged Foods to Drive Market

The increased demand for convenience packaging and the steadily rising demand for packaging products capable of extending the shelf life of packaged foods globally are some of the most crucial factors driving the global aluminum foil packaging market. The high use of aluminum foils in flexible packaging solutions is also a key factor driving its demand. Moreover, high barrier properties, light weight, and recyclable nature also increase improve the suitability of aluminum foil, making it application for a vast set of application areas. Over the next few years, the market is likely to gain notable traction owing to rising demand from the sectors of processed foods and ready-to-eat meals.

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Eco Friendly Bottles Market Likely to Experience a Tremendous Growth in Near Future 2022

The global eco friendly bottles market has risen at a rapid pace in recent years in response to the growing support to environmental causes from governments and the masses alike. The eco friendly bottles market has been driven by the eagerness of key competitors to cash in on the growing support to environmentalism, which has led to consistent innovation, as well as steady government support. The steady prevalence of these drivers is likely to enable rapid growth of the eco friendly bottles market in the coming years.

According to Transparency Market Research, the global eco friendly bottles market was valued at US$2.5 bn in 2017 and is likely to rise to US$3.7 bn by 2022, exhibiting a strong 8.1% CAGR therein.

Polylactic Acid to Remain Dominant Material 

The global eco friendly bottles market employs a number of materials in order to produce high-quality eco friendly bottles. Currently, polylactic acid is the dominant material segment of the global eco friendly bottles market and is likely to dominate the market’s proceedings in the coming years due to its widespread usage. Polylactic acid accounted for 35.3% of the global eco friendly bottles market in 2017 with a valuation of US$902.3 mn. The segment is expected to rise to US$1,322.8 mn by 2022 at a strong CAGR of 8%. The mechanical properties of polylactic acid make it favorable for use in the production of bottles, which is likely to ensure steady growth of the segment in the global eco friendly bottles market in the coming years.

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North America to Dominate Eco Friendly Bottles Market due to Increasing Mass Participation

The leading regional contributor to the global eco friendly bottles market is North America, which is likely to retain its dominance through the forecast period thanks to the widespread distribution of environment-friendly infrastructure in the developed region and the steady government support for expansion of the same. The eco friendly bottles market in North America was valued at US$617.2 mn in 2017 and is expected to rise to US$1,123.4 mn by 2022, exhibiting a solid 12.7% CAGR from 2017 to 2022.

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Rise of On-demand Transportation Market | A Survey and Future Analysis by TMR

On-demand transportation is an internet-based service that is used to book means of transportation in return of money, based on the time and distance it is used for. Various types of vehicles, such as passenger vehicles or commercial vehicles, can be booked or reserved through on-demand transportation services as per the requirement of the consumer. Moreover, the service is highly popular in urban areas, owing to high digitalization and high dependency on internet-based services.

The market for on-demand transportation services is primarily driven by the lower middle class population owing to its low per capita income. Moreover, the market is expanding significantly in developing nations such as China and India. On-demand transportation services provide short-term ownership to consumers at significantly lower prices and hence, consumers prefer such transportation means instead of owning a vehicle. A privately owned vehicle is only utilized for up to 5% of its total life; it remains parked for 95% of its life in most cases.

Considering this, several vehicle owners are readily sharing their vehicles. Increase in number of vehicle owners has led to increased traffic congestion and rise in global emission levels. Consequently, governing bodies are promoting alternative fuel powered vehicles and alternative modes of transportation that emit less to zero-emission. On-demand transportation services are effectively capable of reducing the number of vehicle owners and hence, governing bodies are implementing regulations in favor of shared mobility services.

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Consumers who do not own a vehicle prefer on-demand mobility services. Increasing tourism and working class population coupled with rising trend of road trips is fueling the on-demand transportation market significantly. Developments by software companies to make the mobile phone-based applications faster and user friendly have played a vital role in promoting on-demand transportation services.

Incorporation of electric and autonomous vehicles is likely to reduce the cost of on-demand transportation services. Electric vehicles reduce fuel expenses, which reduces the overall cost of utilizing mobility sharing services, such as ride sharing and ride sourcing. This, in turn, is likely to fuel the demand for on-demand services across the globe. Autonomous vehicles are expected to eliminate the driver and subsequently, expenses over the driver. Lower number of vehicles per capita across several nations is fueling the demand for on-demand transportation services, which in turn is likely to offer lucrative opportunities to the global on-demand transportation market. Forward integration of vehicle manufacturers in the on-demand transportation service market is likely to offer considerable opportunities and propel the market.

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Shared Mobility Market Will Change the Future of Automotive Industry | Review by TMR

Shared mobility is a type of service in which a vehicle is shared based on the time and distance it is used in return for money. In shared mobility, a vehicle owner or the owner of a large fleet provides the vehicle on a rental basis to consumers and other companies. Shared mobility comprises sharing a car, a ride, a two-wheeler, and sharing trucks and buses.

Key driver of the global shared mobility market is low per capita income of people in developing nations. Shared mobility services provide short-term ownership to consumers at a significantly lower price, and hence, consumers prefer shared vehicles instead of owning one. A vehicle, if not shared, is only utilized for up to 5% of its total life; it remains parked for 95% of its life. Considering this, several vehicle owners are readily sharing their vehicles. Increase in number of vehicle owners has led to increased traffic congestion and rise in global emission levels.

Consequently, governing bodies are promoting alternative fuel powered vehicles and alternative modes of transportation that are capable of limiting the global temperature rise. Shared mobility services are effectively capable of reducing the number of vehicle owners and hence, governing bodies are implementing regulations in favor of shared mobility services.

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Consumers who do not own a vehicle are preferring a shared vehicle, as a shared vehicle provides vehicle ownership without having to invest in owning one, which is further compounded by the increased interest rates on vehicle loans. Increased tourism, rise in number of family outings, and raised per capita income are fueling the demand for shared mobility services. Increase in number of working class people is prominently fueling the demand for shared mobility services across the globe. 

Availability of faster internet connectivity, increased mobile ownership, availability of mobility sharing apps, and increased consumer awareness are fueling the global shared mobility market.

Incorporation of electric and autonomous vehicles is likely to reduce the cost of shared mobility services. Electric vehicles reduce fuel expenses, which reduces the overall cost of utilizing mobility sharing services, such as ride sharing and ride sourcing. This, in turn, is likely to fuel the demand for such on-demand services across the globe. Autonomous vehicles are expected to eliminate the driver and subsequently, expenses over the driver. Lower number of vehicles per capita across several nations is fueling the demand for shared mobility services, which in turn is likely to offer lucrative opportunities to the global shared mobility market. Forward integration of vehicle manufacturers in the shared mobility market is likely to offer considerable opportunities to the market.

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