Market Research Blog

According to latest market study by Future Market Insights (FMI), the shipment of organic fertilizers across North America will reach 4,327.5 KT by 2021-end. Demand for organic fertilizers is set to increase considerably, reaching US$ 3.17 Bn  due to growing awareness about health benefits of eco-friendly products and rising demand for organic food products.

Surging awareness about adverse effects of synthetic chemicals present in pesticides, insecticides, and fertilizers on human health and environment is propelling the demand for organic products. This is expected to increase the demand for organic farming in North America, spurring sales of organic fertilizers at 5.8% CAGR in terms of volume.

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Also, the market in North America is expected to witness remarkable growth due to the growing focus on sustainability among consumers, especially in the U.S. Various stringent regulations imposed by regional governments and environmental regulatory bodies to encourage the production of organic food products are expected to increase the adoption of organic fertilizers over the forecast period.

Organic cultivation has numerous benefits both in terms of soil quality and human health. However, there are numerous challenges faced while using organic fertilizers. Organic fertilizers are usually priced much higher (mostly 2-4 times) than the conventional fertilizers.

Moreover, as organic fertilizers are lower in nutritional content (n-p-k) value, they also need to be applied at higher rates. In some cases, where the soil nutrient content is very low, organic fertilizers alone cannot meet the demand.

The initial yield during conversion of land from inorganic to organic is also quite lower. Also, there are additional costs required for the certification of organically cultivated products. Hence, farmers are sometimes reluctant to invest in organic fertilizers. This could restrain the growth of the market to an extent.

Nonetheless, favorable government initiatives and subsidies will help improve the adoption of organic fertilizers, improving the market growth as well. Owing to these factors, the North America organic fertilizers market is poised to expand at a robust pace.

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Key Takeaways from Organic Fertilizers Market Study

• North America organic fertilizers market is expected to expand at 6.9% CAGR in terms of value between 2021 and 2031.
• Fruits and vegetables will dominate in terms of application, followed by cereals and crops.
• Based on form, the solid organic fertilizers will lead the market, accounting for nearly 72.4% of market share.
• The U.S. is expected to be the most lucrative country owing to the growing adoption of organic farming methods in the country
• In terms of source type, animal source will lead the segment, holding over 72.1% of market revenue.

 “Various favorable government initiatives are ecnouraging  organic farming across the U.S. and Canada. This is expected to bolster the demand for organic fertilizers over the forecast period,” said an analyst at FMI.

Organic Fertilizers Market: Participant Insights                                                 

According to the Market Research analysis Sustane Natural Fertilizer Inc, True Organic Products Inc, California Organic Fertilizers Inc., Purely Organics LLC, Fertoz Limited, Fertilizers USA LLC, The Scotts Miracle-Gro Company, Sigma AgriScience, LLC, Bio Green USA, Inc., American Plant Food Corporation and others are identified as Key Players in the North America Organic Fertilizers market.

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North America Organic Fertilizers Market by Category

By Source Type:

• Plant Source
• Animal Source

By Application:

• Cereals and Crops
• Fruits and Vegetables
• Lawns, Turfs and Gardens

By Form:

• Solid
• Liquid

By Country:

• US
• Canada

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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For Sales Enquiries: sales@futuremarketinsights.com

 

The automotive aftermarket in ASEAN is reeling from the COVID-19 impact, however, recovery is likely to be more immediate compared to European and American counterparts, according to a latest study.

Future Market Insights (FMI), an ESOMAR-certified market research firm, in an updated edition of its report, revised the forecast to 8.7% CAGR. This revised forecast takes into account sluggishness induced by the global pandemic.

Key Takeaways of ASEAN Automotive Aftermarket Market Study

• The ASEAN automotive aftermarket market is expected to grow at 8.7% CAGR over the following decade
• Demand for automotive aftermarket services to surge from low commercial vehicles (LCV) segment
• Tires and batteries leading categories in terms of total sales

“Automotive manufacturers are increasingly relying on silicon anode batteries to power electric vehicles (EV), given their greater energy density and better battery life. As such, these batteries are gaining huge traction among OEMs,” says FMI analyst

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COVID-19 Impact on ASEAN Automotive Aftermarket Market

The growth of ASEAN automotive aftermarket market is linearly associated with the regional automotive industry. While the shockwaves of the COVID-19 pandemic are certainly felt across every sector, the automotive industry in ASEAN is potentially facing a significant grunt of it.

While the regional industry was already under pressure, especially in Indonesia and Thailand, acute supply chain disruptions due to COVID-19 outbreak in China is further worsening the situation.

Recent estimates reveal that the ASEAN automotive industry recorded a steep 42% decline in sales during January-May period in 2020. While Philippines topped the chart with 51.1% drop in sales, Malaysia and Indonesia registered 48.9% and 41.2% sales drop respectively. The ASEAN automotive aftermarket market, in turn, is stumbling from these reverberations.

Self-inflating Tires for Better Efficacy in Existing and Futuristic Cars

Over or under-inflated tires diminish fuel efficiency and range for conventional and electric vehicles (EV). As such, companies such as Continental AG have developed self-inflating tire concept that maintains pressure at preferred levels. The technology – C.A.R.E (Connected Autonomous Reliable Electrified) – is closely aligned with the requirements of e-mobility and autonomous driving.

The tires feature in-built pumps attached in the wheels that ensure the tire pressure remains in optimal range for efficiency. This technology is expected to help reduce CO2 emissions as well as slight improvement in average fuel economy. Majority of vehicle owners are focusing on leveraging self-inflating tires concept in a bid to avoid unnecessary maintenance expenses.

ASEAN Automotive Aftermarket Market – Competitive Intelligence

The ASEAN automotive aftermarket market is fairly competitive with, leading players capturing around 30% of the overall market value.

Most of the automotive aftermarket repair service providers in ASEAN countries fail to facilitate customers with a wide range of maintenance and repair services. Consequently, shop owners are focusing on offering specific services, or expanding their service radar. Moreover, small-scale players are forming partnerships with fleet operators and leasing firms to provide optimum maintenance and replacement services at cost-effective prices.

Find More Valuable Insights on ASEAN Automotive Aftermarket Market:

FMI, in its new market research study, delivers an unbiased analysis of the ASEAN automotive aftermarket market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report provides complete analysis on ASEAN automotive aftermarket market through three different categories – by category, by vehicle type, and region. The global ASEAN automotive aftermarket market study offers insights of pricing by different life cycle analysis, product life cycle, key market trends and technologies that are being implemented in the development of the ASEAN automotive aftermarket and product adoption in various end-use industries.

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ASEAN Automotive Aftermarket Segmentation

To understand and assess opportunities in the ASEAN automotive aftermarket, we have divided the report into three sections based on market segmentation as under:

By Category

• Parts
  • Tires
  • Batteries
  • Filters
  • StartersandAlternators
  • Lighting
  • Exhaustcomponents
  • Sparkplugs
  • Lubricants
  • Collisionbody
  • Wear and Tear Parts
• Accessories
  • Interior
  • Exterior
• Services
  • General automotive repair
  • Automotive transmission and others

By Vehicle Type

• Passenger cars
• Commercial Vehicle

By Country

• Malaysia
• Indonesia
• Philippines
• Vietnam
• Singapore
• Thailand
• Rest of ASEAN

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ASEAN Automotive Aftermarket Market Outlook & Key Findings

• The ASEAN automotive aftermarket market is expected to click US$ 19.4 Bn in 2020
• Manufacturers to reap substantial revenues from automotive aftermarket parts through 2030
• Passenger cars continues to account for greater demand for automotive aftermarket services over the decade ahead
• Malaysia, Indonesia, and Thailand to collectively capture over 80% of overall market value

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The golf cart market is anticipated to reach a valuation of US$ 1.34 billion in 2022, according to a recent market analysis by Future Market Insights (FMI). Through 2032, the market is predicted to expand at a CAGR of 3.9%.

The need for low-speed vehicles has increased for a number of functions, including short-distance commuting in parks, commercial districts, colleges, and other locations. As a result, the golf cart market is growing.

Moreover, future infrastructure and equipment developments are likely to help the industry as the leisure and tourist sector expands. Demand for golf cart is expected to rise as utility vehicles gain more and more use outside of golf courses.

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After the pandemic, it’s expected that restrictions are lifted and market demand can return to its pre-pandemic levels. Additionally, due to its modular architecture and variety of modification options, golf carts can be modified to match the needs of final consumers, enabling the owner to run a lucrative business.

The surge in sales of golf cart in the tourism, hospitality, academic, and other sectors is predicted to hasten the rise of golf cart market share.

A variety of federal and state laws that regulate the use of golf carts take into account a number of various factors, such as road access, passenger capacity, safety, headlights, brakes, and a valid driver’s license, which can impede the golf cart market growth.

In North America and Europe, the market is far more developed. Therefore, it is projected that future innovation and technology developments in the European and American golf cart industries, such as electrification, linked mobility, and autonomy, are fueling market expansion.

Key Takeaways  

• The golf cart market is likely to have a CAGR of 9% during the forecast period.
• According to the product type, the electric golf cart holds 80.34% share in 2020 for the golf cart market.
• North America holds a significant share in the global golf cart market.
• Based on application, the golf course industry accounted for the largest market share by 2032.
• The value of the golf cart market is expected to be US$ 2.12 billion by 2032.
• Europe holds the second position in the golf cart market during the forecast period.

Browse Detailed Summary of Research Report with TOC: https://www.futuremarketinsights.com/reports/golf-cart-market  

Competitive Landscape:

The golf cart market is projected to continue rapidly electrifying as manufacturers concentrate on creating and delivering new generation electric models with enhanced travel range and battery capacity during the projection period.

Major Market Players in the golf cart market are Club Car, LLC Yamaha Golf-Car Company, E-Z-GO, EverGreen Electrical Vehicles, Columbia ParCar Corp, Hitachi Chemical Co., Ltd, Xiamen Dalle Electric Car Co., Ltd. Company, Maini Material Movement Pvt. Ltd, Garia Luxury Golf Car, Cruise Car, Inc., Toyota Motor Corporation, Polaris Inc, Solorider, GDRIVE Golf Cart, Carrieall Car Pvt Ltd, and Volmac Engineering Pvt Ltd.

Key Segment

By Product Type:

• Push-Pull Golf Cart
• Gasoline Golf Cart
• Electric Golf Cart
• Solar Powered Golf Cart

By Operation:

• Manual
• Powered

By Application:

• Golf Courses
• Personal Use
• Industry Use
• Others

By Ownership:

• Rented
• Fully Owned

By Region:

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

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and their Roles

3.5.1.1. Producers

3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

3.5.1.3. Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyer’s

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

4. Global Golf Cart Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) & Volume (Unit) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Unit) Projections, 2022-2032

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

TOC continued..!

Recent Developments

• E-Z-GO debuted the E-Z-GO Liberty in June 2021, the company’s first golf car with four forward-facing seats in a small cart.
• The Lamborghini family and Indian EV business Kinetic Green Energy & Power Solutions announced their collaboration to produce products for the international market in October 2021.
• The Yamaha Golf-Car Company officially became the National Golf Course Owners Association’s (“Official Golf Car Partner”) “Official Golf Car Partner” in January 2021.

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About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sectors. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behaviour.

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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The Flight line testing equipment for military and commercial aircraft is becoming more compact, powerful and lighter. Reliable and functional tests on military and commercial aircraft transponders, Traffic Collision Avoidance Systems (TCAS), and Tactical Air Navigation Systems (TACAN) can be carried out using such flight line testing equipment.

The flight line testing equipment is incorporated to accumulate data before, during and after a flight. The data gathered by flight line testing equipment is analyzed in order to deduce the aero-dynamic flight aspects that help validate the design and safety properties.

Flight line testing equipment enable the accomplishment of two primary tasks – verifying the aircraft capabilities for government certification and customer acceptance, and locating and fixing design problems in an aircraft. Flight line testing equipment can be used to test a single new system in an existing aircraft, or to finalize the development and certification of a new aircraft.

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Flight Line Testing Equipment: Market Dynamics

The ever-increasing adoption of aircrafts for the military and commercial sectors is expected to drive the global flight line testing equipment market. The rising integration of complex electronic systems into military and commercial aircrafts demands efficient inspection of such systems for the purpose of safety and security of the passengers.

Sudden malfunction of such complex electronic systems may result in heavy casualties and fatalities. This factor is anticipated to propel the growth of the global flight line testing equipment market during the forecast period. The aviation industry can incur heavy expenses due to technical malfunctions.

Governments and aircraft manufacturers are motivated to procure efficient flight line testing equipment in order to avoid such expenses. This factor is also estimated to drive the global flight line testing equipment market during the forecast period.

Flight Line Testing Equipment: Regional Market Outlook

The flight line testing equipment market in the Middle East and Africa region is estimated to register the highest growth rate in the global flight line testing equipment market during the forecast period. This growth may be attributed to the heavy funding assigned by the national governments to their air force.

Flight line testing equipment market in Latin America is also expected to register a significant adoption rate during the forecast period. Currently, the flight line testing equipment market in North America hold the largest market share of the global flight line testing equipment market.

High adoption rate of efficient and automated inspection equipment in the commercial and military sectors drives the North American flight line testing equipment market. High presence of flight line testing equipment providers in North America, especially the United States, is another factor driving the flight line testing equipment market in the region.

The market is Western Europe holds the second largest market share of the global flight line testing equipment market, followed by the SEA and others of APAC market.

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Flight Line Testing Equipment: Key Market Players

The key players in the global flight line testing equipment market include Textron Systems; Marvin Test Solutions, Inc.; BAE Systems; and Frontier Electronic Systems Corp, among other fight line testing equipment market players.

The report covers exhaustive analysis on

• Global Flight Line Testing Equipment Market Segments
• Global Flight Line Testing Equipment Market Dynamics
• Historical Actual Market Size, 2013–2017
• Global Flight Line Testing Equipment Market Size & Forecast, 2018 to 2028
• Supply & Demand Value Chain for the Market
• Global Market Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Flight Line Testing Equipment Market Solutions Technology
• Flight Line Testing Equipment Value Chain of the Market
• Global Flight Line Testing Equipment Market Drivers and Restraints

Regional Analysis for the Global Flight Line Testing Equipment market includes

• North America Market
• Latin America Market
• Western Europe Market
• Eastern Europe Market
• SEA & Others of APAC Market
• Japan Market
• China Market
• Middle East and Africa Market

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Flight Line Testing Equipment: Market Segmentation

By aircraft type, the global flight line testing equipment market is segmented into,

• Civil Aircraft
• Military Aircraft

In the case of military aircrafts, the national government contracts with aircraft manufacturers to build and test aircrafts that meet the particular military mission capabilities. Specialized flight line testing equipment for the air force is utilized in such cases.

For commercial and civil aircrafts, flight line testing equipment is incorporated in order to certify the applicable performance of aircrafts and ensure the safety of passengers and goods.

By service, the global flight line testing equipment market is segmented into,

• Sales Services
• Maintenance Services
• Rental Services

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
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Integrating binary drivers into an Operating System (OS) enables operators to use the corresponding hardware devices. Binary drivers mediate the communication between a specific device and the corresponding operating system kernels.

These binary drivers are marketed either by the hardware supplier or the operating system developer. Typically, hardware manufacturers and suppliers offer binary drivers for the most popular operating systems in the market.

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Binary Drivers: Market Dynamics

The increasing adoption of automation-enabling software drivers for industrial and commercial computing devices is expected to be the primary factor driving the growth of the global binary drivers market. Developers offer reverse engineering services that enable automation of binary driver porting and development of replacement binary drivers with minimized security vulnerabilities and bugs.

This factor is also expected to drive the global binary drivers market during the forecast period. Availability of closed source binary drivers is another factor that is expected to facilitate the growth of the global binary drivers market during the forecast period.

However, developers offer binary drivers that are functional only for one or two Operating Systems. This restricts the range of binary driver device support on other operating systems. The restricted device support of binary drivers results in low market visibility of newer operating systems.

Such factors are anticipated to challenge the overall growth of the global binary drivers market. Faulty binary drivers having coded bugs is another factor that is anticipated to challenge the overall adoption rate of the global binary drivers market.

Operating systems must support a vast range of hardware for them to be viable and widely adopted, and developing binary drivers for other operating system platforms is not considered to be profitable due to the heavy development expenditure. The high development costs incurred by binary drivers are estimated to restrict the growth of the global binary drivers market during the forecast period.

Binary Drivers: Regional Market Outlook

The binary drivers market in Southeast Asia and others of Asia Pacific region is estimated to register the most attractive growth rate in the global binary drivers market. The ever-rising demand for efficient, bug-free operating system binary drivers in various industrial verticals in developing economies, such as India, is anticipated to enable the Southeast Asia and others of Asia Pacific region register a significant growth rate during the forecast period.

The binary drivers market in North America region holds the largest market share of the global binary drivers market, due to the high presence of software solution providers in the region, especially in the Unites States. However, the Western European binary drivers market is estimated to hold the largest market share of the global binary drivers market by the end of the forecast period.

Replacement and reverse engineering services offered by binary driver programmers to minimize the marketing of faulty, bug-infused driver files is expected to drive the binary drivers market across all the regions.

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Binary Drivers: Key Market Players

The key players in the global binary drivers market include Intel Corporation; Logitech; Microsoft; and NVIDIA Corporation, among other market players. Microsoft Corporation and Intel Corporation are estimated to hold the largest market share of the global binary drivers market during the forecast period.

The report covers exhaustive analysis on

• Market Segments
• Market Dynamics
• Historical Actual Market Size, 2013–2017
• Market Size & Forecast, 2018 to 2028
• Supply & Demand Value Chain for the Market
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Technology
• Value Chain
• Market Drivers and Restraints

Regional analysis for the market includes

• North America Market
• Latin America Market
• Western Europe Market
• Eastern Europe Market
• SEA & Others of APAC Market
• Japan Market
• China Market
• Middle East and Africa Market

The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Binary Drivers: Market Segmentation

With regards to the type, the global binary drivers market can be segmented into the following,

• Database Binary Drivers
• Executable Binary Drivers
• Application Data Binary Drivers
• Media Binary Drivers
• Configuration Binary Drivers
• Document Drivers
• Library Drivers
• Encryption and Compression Binary Drivers

Currently, media binary drivers hold the largest market share of the global binary drivers market.

With regards to the device class, the global binary drivers market can be segmented into the following,

• Character Devices
• Block Devices

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
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A recent report by Future Market Insights (FMI) states that global sales of wood charcoal market will value around US$ 20,536.1 Mn in 2021. Substantial demand will come from residential sector, especially in developing regions of Asia Pacific, Africa and South America wherein over 2 billion people rely on wood energy for cooking and heating purposes. The study further reveals that cooking and heating in private households make up for about a third of worldwide renewable energy consumption

While emergence of alternative energy sources is hampering market growth, demand from chemical industry for production of chemicals – carbon disulfide, sodium cyanide, and carbon tetrachloride – is reflecting remunerative opportunities.

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Key Highlights

• Charcoal lumps continue to generate greater revenue through 2030
• Fuel feedstock to remain primary application area of wood charcoal
• Adoption of wood charcoal in residential sector to remain over decade ahead
• Hardwood to account for leading revenue share, tentative to 80%
• Markets in Latin America and South Asia to offer potential growth avenues

“Food prepared from barbeque charcoal (BBQ) grills offer various benefits such as less oil usage, nutritionally rich food, and low fat. As consumers are following stay-at-home orders, at-home consumption is surging and consumers are showing greater interest for indoor grilling. The trend is well-established in developed regions, in particular,” says analyst at FMI.

COVID-19 Impact on Wood Charcoal Market

While the global wood charcoal market has been facing significant brunt of the COVID-19 pandemic in Q1 and Q2 of 2020 due to trade restrictions, lockdowns, and travels bans, resulting in subsequent drop in demand from several end-use industries such as chemicals, metal and metallurgy, and water treatment plants.

That being said, gradual easing of pandemic-induced restrictions across continents are setting high hopes for wood charcoal manufacturers as these end-use industries are getting back on track.

While the global chemical production declined in every category through Q1 2020, production eventually showed positive signs during Q2 2020, despite negative growth in some categories.

Moving ahead, as the COVID-19 pandemic continues to rage across the globe, governments and organizations are laying greater emphasis on treating wastewater as essential public service to minimize potential impacts on health and surroundings. This, in turn, will further accent the need for wood charcoal wastewater treatment plants.

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Wood Charcoal Market – Competitive Intelligence

The global wood charcoal market is highly competitive, with presence of several players competing with each other to capture bigger revenue share. Majority of leading players are allocating huge investments in R&D to roll out innovative offerings that help step up production efficacy and thus improve their regional presence. Case in point,

• Greencoal Namibia CC produces pure hardwood lump charcoal made from 100% natural Blackthorn wood. The charcoal offers enhanced lighting characteristics, reduced ash production, and amazing hardwood aroma.
• Kingsford Products Company develops professional briquettes made with 100% natural ingredients and premium wood char to assure professional-quality results. These briquettes offer better burn and feature low ash formula.
• Royal Oak Enterprises manufactures pure natural hardwood charcoal briquettes derived from wood, vegetable starch, and contain no additional substances.

Wood Charcoal Market – Key Segment

Wood Type

• Softwood
• Hardwood

Product Type

• Charcoal Lump
• Charcoal Briquettes
• Charcoal Powder

Application

• Fuel Feedstock
• Reducing Agent
• Filtration Agent & Gas Masking
• Decolorizing Agent
• Gas Masking
• Sketches & Paints
• Soil Conditioning
• Gunpowder
• Others

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A new market research report published by Future Market Insights (FMI) on the global wood charcoal market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2022-2030. The report examines the wood charcoal market through five different segments – product type, wood type, end use, application and region. The wood charcoal market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of wood charcoal and product adoption across several end-use industries.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Future Market Insights delivers key insights on the global lightweight automotive body panels market in its latest report titled “Lightweight Automotive Body Panels Market: Global Industry Analysis and Opportunity Assessment, 2022–2032.”

The global lightweight automotive body panels market size was valued at US$ 111.5 Bn in 2021 and is estimated to reach a valuation of US$ 117.0 Bn in 2022. Furthermore, with growing demand for lightweight and energy efficient vehicles, the overall demand for lightweight automotive body panels is slated to grow at a CAGR of 4.6% between 2022 and 2032, totaling around US$ 183.5 Bn by 2032.

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Automotive body panels such as bumpers, hoods, door panels, roof, and trunk lids are manufactured using lightweight materials such as high-strength steel, aluminium, magnesium, and polymers and composites in order to provide desired strength with reduced weight. Lightweight automotive body panels help improve fuel economy and performance of vehicles by reducing the overall weight of the vehicle. About 25% reduction in automobile weight saves 3.5 to 5.0 tonnes of greenhouse gas emissions over the lifetime of an average car. Manufacturers today are adopting lightweight body panels in vehicles in order to comply with government regulations pertaining to greenhouse gas emissions.

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Key Segment

By Material Type

• Metals
• High-strength Steel
• Magnesium
• Aluminium
• Polymers & Composites
• Carbon Fibre Reinforced Plastics
• Glass Fibre Reinforced plastics
• Other Polymer & Composite Materials

By Component Type

• Bumpers
• Hood
• Door Panels
• Trunk Lids
• Roof
• Others

By Vehicle Type

• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Region

• Passenger Car
• North America
• Latin America
• Western Europe
• Eastern Europe
•  APEJ
• Japan
• MEA

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Segmentation highlights

The global lightweight automotive body panels market is segmented on the basis of Material Type (Metals, Polymers & Composites); Component Type (Bumpers, Hood, Door Panels, Trunk Lids, Roof, Others); and Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle).

• The Metals material type segment is likely to be valued at US$ 92.7 Bn by 2016 end
• The Door Panels component type segment is anticipated to be a prominent segment accounting for maximum market share of 32.9% by 2016 end
• The Passenger Car vehicle type segment is expected to expand at a significant CAGR of 5.5% over the forecast period

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global automotive washer system market is expected to register a robust CAGR of 5.2% between 2022 and 2032. The global market reached a valuation of US$ 22.3 Bn in 2021 and is predicted to touch US$ 23.5 Bn in 2022. The global automotive washer system market is anticipated to be totaled US$ 39.1 Bn by 2032.

Owing to the rapid expansion of the automotive industry, there is a significant surge in the overall automotive washer system market around the globe. The automotive washer system market incorporates around 4% to 7% of its first parent market, which is an automotive parts and accessories market.

The global automotive washer system market showed stagnant growth during the historical period from 2014 to 2021 by registering a CAGR of 3.1%. However, owing to the increasing production and sales of vehicles, the overall automotive washer system market is expected to broaden its spheres by growing at a pace of 5.2% CAGR between 2022 and 2032.

On the basis of region, North America is anticipated to show its dominance in the global automotive washer system market in terms of revenue in 2022 and is expected to surge throughout the forecast period.

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Several factors are responsible for the surge in the global market such as an increase in vehicle production and sales, strong presence of key manufacturers, growing popularity of premium automobiles, increasing research activity, and rising investments in product development provide the appealing potential for the automotive washer system market in the region.

Key Takeaways

• The electrically powered rotary pump that sprays water or cleaning fluid at high pressure to clean the vehicle’s glass of the headlight and on the camera is a part of the vehicle safety system. Owing to the excessive use of such products in automotive production in developing countries and the adoption of headlamps and camera washer systems in premium vehicles are ongoing trends in the automotive industry.
• Steady growth is witnessed in the demand for high-end and luxury vehicles in developing economies such as China, India, and Japan. These vehicles are stuffed with a headlamp and camera washer system. Furthermore, the surging replacement of the headlamp washer system in these types of vehicles is boosting the market growth.
• Due to the proliferation of online shopping platforms, component manufacturers are increasingly collaborating with e-commerce businesses to introduce their products online. Consumers along with their pattern of online shopping are going to have a huge impact on the marketing strategy of casted automotive component manufacturers. The customer feedback and their reviews will help the manufacturers in formulating astute strategies for targeting customers.
• On the basis of components, the wiper motor segment accounts for more than 45.0% of the global automotive washer system market and is likely to continue its dominance during the forecast period. In addition to that, rising production and sales of vehicles across the globe are other factors driving the automotive washer system market.
• A significant surge in the automotive industry combined with rising demand for advanced safety features is expected to bide well for the global automotive washer system market over the projection period.

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Key Companies Profiled

• Robert Bosch GmbH
• Denso Corporation
• Valeo SA
• Continental AG
• HELLA KGaA Hueck & Co.
• Ningbo Joyson Electronic Corp
• Mitsuba Corporation
• Mergon Group
• Trico Products Corporation
• Kautex Textron GmbH & Co. KG.

Competitive Landscape

The global automotive washer system market is rapidly getting popular due to the presence of several big, medium, and small-scale system developers, manufacturers, and service providers. Leading automotive washer system manufacturers are anticipated to launch new products and collaborate and partner with vehicle manufacturers for better market opportunities.

Key Segments Covered in Automotive Washer System Market Analysis

By Technology:

• Electrical
• Mechanical

By Sales Channel:

• OEM
• Aftermarket

By Component:

• Nozzles
• Reservoirs
• Hose & Connectors
• Pumps
• Windshield Wipers
• Wiper Motor

By Vehicle Type:

• Passenger Cars
• LCV
• HCV

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More Insights into the Automotive Washer System Market

Germany is expected to witness lucrative growth opportunities in the global automotive washer system market by accounting for around 6.0% of the market share in 2022. This estimation is further expected to surge throughout the forecast period owing to the flourishing automotive sector.

As per FMI analysis, Japan is expected to account for around 8.2% share of the global automotive washer system market in 2022 and it is likely to grow at a steady pace during the assessment period.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

4. Key Success Factors
5. Global Automotive Washer System Market Demand Analysis 2014–2021 and Forecast, 2022-2032

5.1. Historical Market Volume (Units) Analysis, 2014–2021

5.2. Current and Future Market Volume (Units) Projections, 2022-2032

5.3. Y-o-Y Growth Trend Analysis

To Continue TOC…         

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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