Category Archives: Auto/Verkehr

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Train Battery Market Is Projected to Reach USD 703.2 Million By 2025

With increase in urban population, there is a rising demand for urban transport, especially metros, monorails, and light trains. Alternatively, the growing demand for luxury and comfort has increased the electrical applications in passenger coaches. All these factors together are projected to drive the demand for railway batteries in the coming years. The train battery market is projected to grow at a CAGR of 5.15% from 2018 to 2025. From a market size of USD 470.5 million in 2018, it is projected to reach USD 703.2 million by 2025.

Rolling stock is a highly regulated industry and most of the countries have a regulator body that sets the standards for the battery type that can be used in trains. Adoption of new battery types such as lithium-ion would be slower in countries with nationalized rail network and few private players.

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lithium ion batteries: a promising battery type for railways

Lithium Ion batteries have a lower discharge over a time period compared to lead-acid and nickel-cadmium batteries. Hence, they are more efficient compared to other battery types. These batteries are also lightweight, have better insulation, longer operating life, and are maintenance free. Lithium-ion batteries achieves this with the help of an additional electric heater that helps raise the temperature substantially. Russia, the UK, Germany, and Japan have started using lithium-ion batteries in railways as they lead to smoother rail operations compared to other battery types. Over the projected period, other countries would also follow suit as lithium-ion batteries have various advantages over other battery types. Developed countries are expected to quicken their adoption of lithium-ion batteries in rail transport compared to developing countries because of regulations and the higher costs associated with the adoption of lithium-ion batteries. Thus, lithium-ion batteries is a good opportunity for battery manufactures to increase their share in the train battery market.

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engine starter batteries to be the fastest GROWING application of the train battery market

The locomotive requires a quick start option and power supply for propulsion. They are fitted with a starter battery that provides the power to perform several pre-start functions such as powering up hydraulic pumps, air compressors, and brake systems mandatory for a smooth engine start without any damage to engine components. The growing demand for locomotives in developing countries such as China and India augurs well for the train battery market. Manufacturers of starter batteries in the region can use this opportunity to increase their revenues.

Major factors driving the growth of this market include increasing demand for high speed trains throughout the world. A major restraint for the train battery market is the huge capital requirement for developing and operating rail networks. The key market players in Europe are EnerSys (France), Hoppecke (Germany), and Saft Batteries (France). These players can use their expertise in manufacturing train batteries to provide efficient batteries for developing countries such as India and China. This also provides them with a great opportunity to increase their revenue and gain market share by way of expanding further into these countries or through joint ventures and acquisitions of local companies.

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Aktuelle Nachrichten Auto/Verkehr

Automotive HVAC Market to Reflect Steady Growth During 2014 – 2020

Heating Ventilation and Air Conditioning (HVAC) is the technology for managing the internal climate of vehicle cabin. Automotive HVAC facilitates in managing temperature (hot/cold) for interior environment of vehicle and thus provides ambient comfort for on-board passengers. Automotive HVAC systems consist of switches or knobs on frontend (generally dashboard) and at the backend of the system, various components such as blower motors, refrigeration unit and actuators are coupled with ducts through which air is transferred into interior space of the vehicle. Rising disposable income and changing lifestyle of consumers are in-turn latent drivers of Latin America automotive HVAC market.

Today these automotive HVAC systems have become requiredfeature, evenin low end passenger vehicle as well as commercial vehicle. Growing demand for automotive HVAC technology has led to application and product development such as multi-zone individual air and temperature control. Automatic and manual are the two types of HVAC systems,which are available in automotive HVAC market. Due to least level of human intervention, the automatic HVAC system are being installed in large extent, especially in premium and luxury segment passenger vehicles.

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There are three major factors driving the growth of Latin America automotive HVAC market which are, development in automobile market across the globe, increasing climate change and rising awareness for sophisticated features in vehicles. All these factors are expected to drive growth of automotive HVAC market for the forecast period. However, fuel economy, high maintenance and environmental concerns are some of the inhibitors impacting the automotive HVAC market growth.

The global automotive HVAC market value is expected to grow two fold from 2014 to 2020. Emerging economies such as Asia, Eastern Europe and Latin America are expected to exhibit higher adoption rate of automotive HVAC systems in passenger and commercial vehicle market, which is expected to offer a higher growth potential for the global automotive HVAC market. In coming years, BRIC nations especially India and China is expected to witness the highest growth rate in global automotive HVAC market, due to increasing adoption of premium range passenger cars, whereas other developing countries such as Brazil and Russia are expected to witness decentgrowth.

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The Latin America automotive HVAC market is geographically segmented into four key regions which are, Argentina, Brazil, Mexico and Others. Brazil automotive HVAC market is predominant in Latin America automotive HVAC market, followed by Mexico and Argentina. Brazil automotive HVAC market is projected to maintain its dominance for the forecast period with a significant CAGR, due toincreasing production and sales of vehicles and government initiatives forthe rapid development of automotive component industry.

On the basis of technology type, Latin America automotive HVAC market is segmented into manual HVAC system and automatic HVAC system.  The automatic feature dominates the Latin America automotive HVAC market, due to ease of operation and increased acceptance of the technology among consumers.In terms of type ofcomponents,Latin America automotive HVAC market is segmented as heat exchanging equipment, receiver/drier, compressor and expansion device. In terms of vehicle types, the Latin America automotive HVAC market is segmented into passenger vehicle segment and commercial vehicle segment. The commercial vehicle segment is dominated by Mexico, whereas passenger vehicle segment by Brazil. The automotive HVAC passenger vehicle segment in Brazil is expected to maintain its dominance for forecast period due to significant growth of passenger vehicle production.

HVAC systems in vehicle is considered as product differentiator vehicle luxury quotient. Some of the R&D focus areas of automotive HVAC market are improving fuel efficiency, reducing environmental effect and lowering the weight of HVAC system. Recently, Halla Visteon Climate Control Corp. inaugurated its new production facility in Atibaia, in the state of São Paulo, Brazil to achieve localization opportunity and enhanced customer support. The major players in Latin America automotive HVAC market are Denso Corporation, Delphi Automotive PLC, Visteon Corporation, ValeoSAand Behr GmbH. & Co. Kg.

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In future, technology advancement will likely to offer additional features such as more fuel efficient HVAC systems with enhanced comforts. These developments are also expected to create impressive business opportunities for automotive market on global platform.

Aktuelle Nachrichten Auto/Verkehr

Automotive Turbochargers Market is Projected to Bring in US$ 22,777.0 Mn by 2028

Automotive turbochargers use the exhaust gas to drive a turbine, which leads to more fuel burning. Automotive turbochargers help in achieving better fuel efficiency by increasing the pressure of the air coming in the engine. 

Furthermore, the global market for automotive. The market wants to reach a value of US $ 9,589.9 Mn while growing with a YoY growth rate of 6.6% as compared to 2017. Furthermore, the global demand for Automotive Turbochargers therefore wants to be downsized by the implementation of strict fuel economy standards and growing demand for engine downsizing for optimum vehicle performance.

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Automotive turbochargers help in increasing the power output of engines. As compared to naturally charged atmospheric pressure engines, automotive turbochargers are more efficient and eco-friendly. Furthermore, automotive turbochargers producing companies are working closely with their customers through partnership programs on fuel economy, engine downsizing and emission control. This will further lead to significant benefits, such as enhanced safety, lower prices, greener solutions and more comfortable drives.

In addition, the high-performance vehicles (trucks, buses, and coaches), light-duty vehicles (cars and vans) and other non-road mobile machinery will augment the growth of automotive turbochargers during the forecast period. The significant increase in the application of automotive turbochargers in internal combustion engines and significant installations across diesel and high performance spark-ignition engines is thus likely to propel the growth of the automotive turbochargers market over the forecast period.

In the recent past, the Automotive Turbochargers market has witnessed significant developments from the competition perspective. In the global Automotive Automotive Turbochargers market.

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Based on actuators, the electric segment is expected to remain dominant in the global automotive industry. Turbochargers market volume 70.6% share by the end of 2028.

69.4% of the revenue by 2028 end. Based on product type, the variable geometry segment is expected to remain the dominant segment in the global automotive turbocharger market. On the other hand, twin turbo technology is growing in the global automotive turbocharger market during the forecast period.

In 2017, Europe was the most attractive region in the global automotive industry. Turbochargers market and accounted for nearly 32.4% of the global market share. Further, at the forefront in terms of automotive Turbochargers production and consumption, the European region is pegged to control the global Automotive Turbocharger market in the future as well.

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Honeywell International Inc. (Garret Advancing Motion), BorgWarner Inc., IHI Corporation, Cummins Inc., Bosch Mahle Turbo Systems GmbH & Co., Eaton Corporation plc, Weifang FuYuan Turbochargers Co., Ltd., Mitsubishi Heavy Industries, are some of the key players involved in the global Automotive Turbochargers market.

Aktuelle Nachrichten Auto/Verkehr Pressemitteilungen

Adhesives And Sealants Market: Analysis of Key Players By Size, Share, Trends, and Forecast 2018- 2025

The latest research on the Adhesives and Sealants market applies both qualitative and quantitative data analysis to the future adjacencies around the concrete vibrator industry for the forecast period, 2018-2025. The all-encompassing study for the market share, growth and size equip stakeholders, business owners, and field marketing personnel to obtain a unique knowledge about the current business environment. Business owners can leverage their assets to gain a strong foothold in the business world. 

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Adhesives and Sealants
Adhesives and Sealants

Asia Pacific, Africa and South America are looking for the future growth of this market. Rental vacancy rates in Asia-Pacific are at all time low in 2017 and house ownership rates are growing.

Emerging markets for electronics, energy coupled with aggressive rise in indus trialization rate in India, China Indonesia and Philippines in Asia Pacific is a positive growth in this market. Urbanization rate for South East Asia is 35% by the IMF while the Pacific region is estimated at 85%. Hypothesis showcase rapid growth in housing and construction projects Rising economies in this region thus owns a common phenomenon of substantial slum settlements which the working governments in this region are aggressively trying to eradicate.

India expects more than 230 million people moving into urban settlements in the next 10 years owing to decreasing agricultural economy. More than $ 2.5 billion dollars have been allocated for housing projects for the slum dwellers in India and the turn key projects are expected to be completed by the end of 2027. Major amount of demand for adhesives will come from this region along with Philippines and China who are experiencing a similar trend.

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Sub-Saharan Africa wants to be promptly the growth of the adhesives and sealants industry. This region exhibits a growth of 1.1% in three quarters since the end of 2016. Increasing construction index along with continuing investments for oil and gas exploration therefore wants to drive the demand for the adhesives & sealants market.

North America and Europe had a profitable packaging sector in 2016. One of the only few industries registering profitable growth in 2015-2016. Sealants are in a wide range of applications in this segment. The automotive industry and stringent environmental norms in this region are thus expected to contribute significantly in pushing the growth of this market.

Water based formulations holds the largest market share in the adhesives & sealants market, by type

Water based formulations dominated the market with an impressive 43.15% in 2016. The eco friendly nature of this technology aligns its characteristics with VOC emission standards. There is a great deal of pressure to go to international environmental pressure.

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Global Adhesives Technology Outlook (Kilo Tons) (USD Million), 2015 – 2025

  1 Water-Based

  2 solvent-based

  3 Hot Melt

  4 Reactive & Other

Global Adhesives Product Outlook (Kilo Tons) (USD Million), 2015 – 2025)

  1 acrylic

  2 PVA

  3 polyurethanes

  4 styrenic block

  5 epoxy

  6 EVA

  7 others

Key Points from table of content:

Chapter 9.

Company Profiles

9.1. Henkel AG

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Type benchmarking

9.2. HB Fuller

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Type benchmarking

9.3. Huntsman International LLC

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Type benchmarking

Continued ….

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Auto/Verkehr Bau/Immobilien Marketing/Werbung

Smart Parking Market Breakdown of Primary Interviews: By Company Type, Designation, & Region

The report „Smart Parking Market by System (Guided & Smart Park), Technology (Ultrasonic, Radar, Image), Component, Parking Management by Solution (Security & Surveillance, Valet & Parking Reservation, License Plate Recognition), and Vertical – Global Forecast to 2021″, published by Markets and Markets. The passenger car Smart Parking Market is projected to grow at a CAGR of 17.94% during the forecast period, to reach a market size of USD 5.25 Billion by 2021 from USD 2.13 Billion in 2015.

The demand for parking management solutions is increasing, owing to the growing concerns related to traffic congestion and environmental pollution. Parking space operators are offering various services such as security and surveillance, parking reservation management, valet parking management, and license plate recognition. These services reduce wastage of time, enable pre booking of parking spaces, provide cashless payment options, and enhanced security of vehicle. The parking management market in Asia-Oceania is estimated to be growing at a high CAGR due to the rising number of vehicles on the road, in this region and the need for better traffic and parking management. The smart park assist system market for passenger cars is projected to grow at a CAGR of 17.94% from 2016 to 2021, to reach a market size of USD 5.25 billion by 2021.  Market growth is driven by factors such as rising concern over growing traffic congestion in cities, limited parking space availability, stringent emission regulations and supporting government policies encouraging the market for passenger cars equipped with smart park assist systems.

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Use of parking sensors in smart parking market is growing owing to additional benefits such as driver assistance and safety and optimum utilization of parking space. Ultrasonic sensor is one such parking sensor whose application in smart park assist systems by automobile manufacturers is growing. Similarly, image and radar sensors are coming up as advanced innovation in the smart parking market. Limited availability for parking in traffic dense cities and smaller parking lots has increased the stress related to parking. Consumers’ need for precise parking and improved safety of vehicle, passengers and pedestrians will drive a significant increase in demand for smart parking systems in passenger cars and the demand for parking management solutions. With continuous progress in research and development related to smart parking technologies, demand for smart parking systems and solutions is likely to surge during the forecast period.

There is an increasing demand for connected mobility, as cities across the globe shift towards developing IoT enabled smart traffic and parking management solutions. These solutions will see an increase in the flow of data between smart phones, connected cars, smart parking system, and smart cities and infrastructure. Companies such as Google and Apple are developing software for connected cars. Connected mobility combined with the developments in autonomous vehicles will further develop the smart parking system in passenger cars. Factors such as the emergence of advanced driver assistance systems, 360 degree surround view of vehicles and advanced parking sensors that interact with vehicles and infrastructure will drive the demand for smart parking market.

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The security and surveillance segment of the parking solutions market, in terms of value, is estimated to grow at the highest CAGR from 2016 to 2021. The growing need for protection of people, property, and vehicle in a parking space has become a key focus point for parking space operators. In order to ensure safety of their vehicle, consumers prefer parking spaces that are under surveillance. These security and surveillance parking management solutions use cameras for surveillance of parking spaces. The cameras are used to monitor any intrusion and events that occur at the parking site. The demand for safe parking management solutions such as security and surveillance will increase owing to the rise in number of vehicles on the road and governments across the world planning and implementing smart cities initiative.

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Aktuelle Nachrichten Auto/Verkehr Finanzen/Wirtschaft Gesellschaft/Politik Medien/Entertainment Wissenschaft/Forschung

Aerospace and Military Auxiliary Power Unit (APU) Market expected to $1,851.69 Million by 2019

Aerospace and Military Auxiliary Power Unit (APU) Market

Aerospace & Military Auxiliary Power Unit (APU) Market
Aerospace & Military Auxiliary Power Unit (APU) Market

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According to new market research report “ Aerospace & Military Auxiliary Power Unit (APU) Market  by Commercial Aircraft (WBA, NBA, and VLA), Military Aircraft (Fighter and UAV), Rotary Copter (Civil and Military), Military Land Vehicle (MBT and Armored Vehicles) & Region (North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa) -Forecast & Analysis to 2014-2019 „, published by MarketsandMarkets  ,  the Global Aerospace And Military Auxiliary Power Unit (APU) Market is estimated to be $ 1,851.69 million by 2019.

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49 – tables

13 – Figures

145 – Pages

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According to Annette Gogoi, Research Associate of the Aerospace and Defense business unit at MarketsandMarkets, „This report provides an in-depth analysis of drivers, challenges, and challenges. and restraints that impact the APU industry for aerospace and military platforms. The report tracks, analyzes, and lays out the market for major defense spenders in each region, and provides the APU market military usage.

It also makes the market share by sub-segments, namely commercial aircraft, military aircraft, rotarycopter, and military land vehicle. It provides informationofthe leading competitors in the global aerospace and military APU market. It also provides details on their financial positions, key products and services, key developments, and their SWOT analysis. This research report thus segments the market on the basis of country, forecasting revenues, and market shares in each of the sub-sectors.

Environmental regulations and fuel economy drivesthe aerospace and military APU market. The APU system adoption across the aerospace and defense industries.

The austerity that leads to defense budget cuts across the US and Europe are said to continue, and which will result in a gradual growth of APUs in the defense industry. However, in terms of aviation, the US and Europe wants to observe a tremendous rise in the APU market due to the increased delivery of aircraft and aircraftrotarycopters in future.

Potential future markets include most of the major emerging countries such as India, Saudi Arabia, Brazil, China, and Japan.

The commercial aviation APU segment wants to have the highest CAGR worldwide, and will account for 80.64% of the market size during the forecast period.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets ™ are following the „Growth Engagement Model – GEM“. The GEM aims to identify new opportunities, identify the most important customers, write attack, avoid and defend strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets ™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets ™ is going to spend more than 10,000 companies this year for their revenue planning and help them make their innovations / disruptions early to the market.

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Aktuelle Nachrichten Auto/Verkehr Computer/Internet/IT Pressemitteilungen

Aircraft Exhaust System Market Expected to $987.4 Million by 2023

Aircraft Exhaust System Market

Aircraft Exhaust System Market
Aircraft Exhaust System Market

According to the new research report  Aircraft Exhaust System Market  by End User (OEM, MRO), Engine Exhaust System (APU), Component (Exhaust Cone, Exhaust Pipe, Exhaust Nozzle, APU Exhaust Liner), Aviation Type, and Region – Global Forecast to 2023 , published by MarketsandMarkets ™, the aircraft exhaust system is projected to grow from an estimated  US $ 679.0 million  in 2018 to  $ 987.4 million  by 2023, at a CAGR of 7.78% from 2018 to 2023 .

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The introduction of technologies as the electronic Thrust Reverser Actuation System (eTRAS) and the use of advanced composite and ceramic materials for aircraft exhaust systems are expected to contribute to market growth during the forecast period. Aircraft exhaust system manufacturers are responsible for the improvement of their market share through research and development activities in aircraft, and enable a greener environment. In addition, they are also working towards developing high-strength and durable materials that help in the manufacture of safer aircraft. The exhaust system and the exhaust system are all parts of the exhaust system.

Based on end user, the OEM segment of the aircraft exhaust system is projected to witness the highest growth during the forecast period.

Based on end user, the OEM segment of the aircraft exhaust system is projected to witness the highest growth during the forecast period. In the aviation industry, aircraft are delivered to airlines. Original Equipment Manufacturers (OEMs) are responsible for the installation of aircraft exhaust system components. This has become a suitable alternative for airline companies, as post the delivery of aircraft, aftermarket modification becomes cumbersome for aircraft manufacturers.

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66  tables 

40  Figures 

120  Pages 

Based on the aviation type, the commercial aviation system is projected to witness the highest growth during the forecast period.

Based on the aviation type, the commercial aviation system is projected to witness the highest growth during the forecast period. In the aviation industry, on the principle of turbofan-based aircraft exhaust systems, which are the most used and costliest of all systems. The rising demand for commercial airliners is becoming increasingly important.

North America  region during the forecast period. 

 

The  North America  region is expected to lead the aircraft exhaust system during the forecast period. Rising number of aircraft upgrades and purchase of commercial aircraft are expected to increase the demand for aircraft exhaust systems in  North America  during the forecast period. North America  is expected to remain in the forefront of the forecast period due to the high demand for new aircraft and replacement of aging fleets.

Magellan Aerospace ( Canada ), Triumph Group (US), Ducommun (US), Nexcell (US), Esterline Technologies (US), Nordam (US), Franke Industries ( US), Senior Aerospace (UK) and GKN (UK), among others.

Please explore relevant report  Aerostructures Market .

About MarketsandMarkets ™

MarketsandMarkets ™ provides quantified B2B research on 30,000 high growth opportunities / threats 70% to 80% of worldwide companies‘ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight markets worldwide approach MarketsandMarkets ™ for their pain points around

Our 850 fulltime analyst and SMEs at MarketsandMarkets ™ are following the „Growth Engagement Model – GEM“. The GEM aims to identify new opportunities, identify the most important customers, write attack, avoid and defend strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets ™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets ™ is going to spend more than 10,000 companies this year for their revenue planning and help them make their innovations / disruptions early to the market.

MarketsandMarkets flagship competitive intelligence and market research platform, „Knowledge Store“ joins over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr.  Shelly Singh

MarketsandMarkets ™ INC.

630 Dundee Road

Suite 430

Northbrook, IL  60062

USA : + 1-888-600-6441

Email:  sales@marketsandmarkets.com

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Auto/Verkehr

Global Electric Scooter Market 2018 Trends, Applications, Key Players and Forecast Analysis

The Global Electric Scooter Market was valued at US $ 14.23 billion in 2017 and is expected to expand to a CAGR of 6.41% in terms of revenue during 2017 – 2025.

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Electric scooters are powered by rechargeable batteries which are the same as the conventional scooters, but runs on an electric motor. Electric scooters can be either two wheelers of three wheelers, which provides enhanced driveway efficiency and reductions in emissions. In developing economies, the sale of two wheeler vehicles is high due to its low cost and convenience in the small streets, to beat the long-end traffic and easy operability. The growing usage of electric vehicles is due to increase in awareness towards environment, rising demand for conservation on fuel consumption, and reduction in gas emission along with other factors. However, one of the major concerns is that of slow recharging time in the modern world , For instance, in the case of Ciba, in 2016, it comes with a control system that controls the speed of the electrically powered scooter and thus delivers data or information on the remaining or residual power of the battery system by observing its power consumption. This system helps customers to run out of power in unforeseen situations and strategically adapt or change their ride distances. Electric scooters are one of the major breakthroughs for conservation of environment and CO2 emissions. Electric scooters are also cleaner than gasoline driven scooters counterparts. Gasoline driven scooters emit around twice more CO2, carbon monoxide, nitrogen oxides and other volatile organic compounds. In 2016, a Japanese company, Power Japan Plus has announced the development of a new carbon battery, under the production name of Ryden, which has a 20 times faster charging capacity than the conventional Li-ion cells, coupled with its other benefits low cost, eco-friendly and is safer to use. Owing to these factors the electric scooter market is expected to have high traction during the forecast period. Power Japan Plus has announced the development of a new carbon battery, under the production name of Ryden, which has a 20 times faster charging capacity than the conventional Li-ion cells, coupled with its other benefits as low cost, eco-friendly and is safe to use. Owing to these factors the electric scooter market is expected to have high traction during the forecast period. Power Japan Plus has announced the development of a new carbon battery, under the production name of Ryden, which has a 20 times faster charging capacity than the conventional Li-ion cells, coupled with its other benefits such as low cost, eco-friendly and is safe to use. Owing to these factors the electric scooter market is expected to have high traction during the forecast period.

Stringent Regulations towards Pollution control

The growing demand for electric scooters is due to be broken down by a variety of alternatives such as bio-based fuel and electric scooters. Transportation and automotive sector in the global energy consumption market. Thus, the government’s initiatives to reduce carbon footprint and enhancement of fuel efficiency, is one of the major factors to propel the growth of electric scooter market. For example, European Union (EU) has set standards to be the standard CO2 emission for both 95 and 130 grams / km respectively. HOWEVER,

Self-balancing scooter is the largest by product type, followed by retro scooter

Self-balancing scooters is expected to have a high traction during the forecast period. The control and convenience of self-balancing scooters is being offered for self-balancing scooters. In 2016, the patrolling teams of US police department used Segway’s self-balancing scooters due to their easy accessibility in various congested streets and public areas that are remotely located to cars. These self-balancing scooters are also involved as an integral part of bomb disposable squads in Europe and North America.

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Regional Insights

North America, followed by Asia-Pacific in the Global Electric Scooter Market in terms of revenue in 2017 and the trend is estimated to remain the same over the forecast period. In 2017, North America is 28.6% in terms of value in the global electric scooter market. In North America, from various bodies, it is estimated that the Corporate Average Fuel Economy (CAFÉ), the Global Warming Solutions Act (GWSA), United States Environmental Protection Agency (EPA) and US Federal Department of Transportation (FTA) among others. THUS, the attempt to create a highly eco-friendly environment is expected to boost the global electric scooter market during the forecast period. Corporate Average Fuel Economy (CAFÉ) Standards in the United States is expected to enhance the utilization of hybrid automotive, as well as alternative fuel and electric vehicles. For instance, International Energy Agency has developed a new Hybrid and Electric Vehicle Technology, by which HEVs helps to compensate for the integral weakness of ICE, by increasing the fuel efficiency, reducing in gas emission, starting the engine and speeding functions, and the use of regenerative braking for down slope driving. These factors are expected to boost the global electric scooter market in North America during the forecast period. Corporate Average Fuel Economy (CAFÉ) Standards in the United States is expected to enhance the utilization of hybrid automotive, as well as alternative fuel and electric vehicles. For instance, International Energy Agency has developed a new Hybrid and Electric Vehicle Technology, by which HEVs helps to compensate for the integral weakness of ICE, by increasing the fuel efficiency, reducing in gas emission, starting the engine and speeding functions, and the use of regenerative braking for down slope driving. These factors are expected to boost the global electric scooter market in North America during the forecast period. Corporate Average Fuel Economy (CAFÉ) Standards in the United States is expected to enhance the utilization of hybrid automotive, as well as alternative fuel and electric vehicles. For instance, International Energy Agency has developed a new Hybrid and Electric Vehicle Technology, by which HEVs helps to compensate for the integral weakness of ICE, by increasing the fuel efficiency, reducing in gas emission, starting the engine and speeding functions, and the use of regenerative braking for down slope driving. These factors are expected to boost the global electric scooter market in North America during the forecast period. International Energy Agency has developed a new Hybrid and Electric Vehicle Technology, by which HEVs help to compensate the integral weakness of ICE, by increasing the fuel efficiency, by reducing the fuel efficiency in the engine and speeding functions down slope driving. These factors are expected to boost the global electric scooter market in North America during the forecast period. International Energy Agency has developed a new Hybrid and Electric Vehicle Technology, by which HEVs help to compensate the integral weakness of ICE, by increasing the fuel efficiency, by reducing the fuel efficiency, by reducing the exhaustion of the engine down slope driving. These factors are expected to boost the global electric scooter market in North America during the forecast period.

Multinational players

Major players in the global electric scooter market include Honda Motor Co. Ltd., Brammo, Inc., AllCell Technologies, LLC, Mahindra & Mahindra Ltd, Terra Motors Corporation, Yamaha Motor Company Limited, Suzuki Motor Corporation, KTM AG, Peugeot Scooters, and Green Energy Motors among others. The reduction in the overall manufacturing cost and consumer’s purchase rate is expected to boost the global electric scooter market in the forecast period. In 2015, Brammo Electric Motorcycles and Zero Electric Motor Cycles improved their performance by reducing the cost of each e-motorcycles to more than 220 miles on average fully charged battery.

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Commercial Vehicles Market Growth with Worldwide Industry Analysis To 2025: Grand View Research Inc.

San Francisco,15 October 2018: The global commercial vehicles market size is expected to reach USD 2.27 trillion by 2025, according to a study conducted by Grand View Research, Inc. The market is projected to expand at a CAGR of 7.1% during the forecast period. Increased urbanization, coupled with rising spending on infrastructure development in emerging economies such as China, India, and Turkey, are expected to drive the market over the forecast period. Several suppliers are shifting their focus on improving R&D capabilities while enhancing operational efficiency, which is also projected to play a pivotal role in boosting market growth.

In addition, increasing penetration of electric commercial vehicles is also anticipated to contribute toward market expansion over the coming years. Adoption of electric vehicles (EVs) is primarily driven by need to meet emission reduction standards and regulations enforced by government bodies worldwide. Commercial vehicle telematics is another trend that is gaining traction and is anticipated to have a positive impact on the market over the forecast period.

To meet changing market needs, original equipment manufacturers (OEMs) across the globe are focusing on integrating innovative technologies, such as keyless entry/ignition, engine diagnostics, mobile connectivity, and an array of novel applications that assist in vehicle control. All these efforts by OEMs are expected to significantly contribute to global market growth over the coming years.

Access Research Report of Commercial Vehicles Market @ www.grandviewresearch.com/industry-analysis/commercial-vehicle-market

Further key findings from the study suggest:

  • Expanding e-commerce industry and availability of easy finance options are anticipated to play a key role in boosting the commercial vehicles market growth
  • Increasing spending on infrastructural development and efforts taken by OEMs to provide value-added services focused on enhancing in-vehicle experience are projected to drive market demand
  • The global market is expected to register a volume-based CAGR of over 6.0% from 2018 to 2025, primarily as a result of sustained economic activity in emerging markets
  • The light commercial vehicles (LCVs) segment recorded consistent growth from 2014 to 2017 and this trend is expected to continue over the forecast period due to expansion into newer markets such as Africa and Southeast Asia
  • The logistics segment is anticipated to witness high demand for commercial vehicles, primarily due to rise in trade and e-commerce activities across the globe
  • Rapid urbanization and improving road infrastructure in Asia Pacific are projected to drive the region to register a revenue-based CAGR of more than 8.0% from 2018 to 2025
  • The market is marked by the presence of numerous participants such as Tata Motors, Volkswagen AG, Ashok Leyland, Volvo Car Corporation, and General Motors. These players implement various inorganic and organic growth strategies to maintain their presence and withstand intense competition.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the global commercial vehicles market based on product, end use, and region:

Commercial Vehicles Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2014 – 2025)

  • Light Commercial Vehicles (LCVs)
  • Heavy Trucks
  • Buses & Coaches

Commercial Vehicles End-use Outlook (Volume, Thousand Units; Revenue, USD Billion, 2014 – 2025)

  • Industrial
  • Mining & Construction
  • Logistics
  • Passenger Transportation
  • Others

Commercial Vehicles Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2014 – 2025)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Access Press Release of Commercial Vehicles Market@ www.grandviewresearch.com/press-release/global-commercial-vehicle-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

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Undercarriage Components Market Remains a Goldilocks as Demand from Construction Industry Offsets Broader Sluggishness

Resurgent growth in the construction sector since the past years coupled with increasing construction activities and infrastructure development continue to remain instrumental in driving sales of construction equipment, in turn influencing sales of undercarriage components worldwide. Growing technological advancements in earth moving equipment to meet the increasing demand for new construction projects has significantly fueled the demand for durable and efficient undercarriage components since the past years. Fact.MR envisages that the demand for undercarriage components is projected to expand at a steady rate at a CAGR of 3.2% throughout the period of assessment, 2018-2028. Sales of undercarriage components by the end of the year of forecast is estimated to cross US$ 10,800 Mn, says the report.

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Sales of undercarriage components through aftermarkets is likely to surpass those from OEMs (original equipment manufacturers) during the period of forecast. The aftermarket is likely to remain strong for undercarriage components on the back of low life of these components. Lower life span has resulted in frequent changing of undercarriage components owing to excessive use of construction equipment, which in turn is expected to increase the demand for undercarriage components in the aftermarket. However, development of undercarriage components with high durability is expected to impact their aftermarket sales as OEMs are striving to extend life of undercarriage components using wear-resistant undercarriage technology.

Demand for undercarriage components in the construction industry is expected to increase at significant pace during the period of forecast on the back of growing construction projects across the globe. For instance, expansion of airports, construction of new highways and road extensions, construction of dams, increasing commercial infrastructure projects and construction of railways are likely to augment demand for construction and earth moving equipment, in turn supporting the sales of undercarriage components. Moreover, demand for undercarriage components from the agriculture and forestry industry is projected to expand at a high rate during the period of forecast owing to growing use of agricultural equipment, particularly in the emerging economies.

Use of undercarriage components in crawler excavators and mini excavators has remained high since the past few years and is likely to witness an upswing in the years to follow, says
Fact.MR report. Apart from construction of highways and dams, demand for crawler excavators has been increasing in the mining sector, which is expected to push their sales. This factor is anticipated to support the growth of the undercarriage components market during the assessment period. Moreover, with growing residential construction activities the demand for mini excavators is likely to witness a significant push. These factors are expected to auger well for the sales of undercarriage components in earth moving equipment such as crawler excavators and mini excavators during the forecast period, making them a lucrative business opportunity for undercarriage components manufacturers.

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Demand for track shoe/rubber tracks undercarriage components is projected to grow at a high rate during the period of assessment. According to the report, the sales of track shoe undercarriage components are estimated to surpass US$ 2,800 Mn by end of the year of forecast. This growth in sales can be attributed to their high efficiency in providing traction to the construction equipment to conveniently maneuver. In addition, the report forecasts that the demand for track chains, bushing and seals as undercarriage components, is projected to expand at a relatively high pace throughout the assessment period, making them a highly attractive market for stakeholders.

Sales of undercarriage components are expected to remain concentrated in the emerging economies of Greater China and India in the Asia Pacific excluding Japan (APEJ) owing to stellar growth in construction and infrastructure activities in the region. Major constructions projects such as InterBering-China-Russia-Canada-America High Speed Rail Road, DoIT – Brisbane to Melbourne High Speed Railway Link – New South Wales, Australia, Xinjiang-Kyrgyzstan-Uzbekistan-Turkmenistan-Iran-Turkey Railway Link – China, NHAI – National Highway Development Program – India and MoLTM/MoT – South Korea to China Underwater Train Tunnel – South Korea, to name a few, have largely contributed to the growth of the construction equipment industry in the region, in turn fuelling sales of undercarriage components. Stakeholders in the undercarriage components market can expect a steady stream of opportunities from the APEJ region on the back of an optimistic construction scenario in the region.

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