Market Research Blog

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
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The global automated people mover market is projected to grow at a value CAGR of 5.8%, to reach a valuation of over US$ 4.3 Bn by 2032.

Rising demand for transit solutions at airports will fuel sales in the market. Air travel is becoming increasingly popular as a result of reasons such as reduced travel time and improved comfort.

The number of airports is expanding across the world, and the size of airports is also increasing. Interconnection between terminals and multimodal transit must be dependable and efficient. Automated people movers are frequently used at airports to carry passengers with minimal wait times. For brief journeys, automated people movers are utilized to transport a large group of roughly 300 individuals in a short amount of time.

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These solutions offer driverless transportation with minimum headways. Decreasing headways along with automated system gives maximum operational efficiency. Predominant manufacturers in the APM market are inclining towards development of the technological advanced products to cater to requirements such as low operational expenditure on equipment, installation cost, and safety.

Automated people movers need little capital since they are equipped with smart technology and optimal design solutions that assure maximum passenger capacity. Additionally, these movers rely on electricity and a cable mechanism, resulting in minimal system operating costs.

“Automated people movers that are technologically advanced provide design benefits in addition to cost savings. Since much of the equipment is made-to-order, getting contracts is critical for manufacturers. Obtaining contracts for operations and maintenance will continue to be a key strategy for leading players in the automated people mover market,” says an FMI analyst.

Key Takeaways:

• Based on system type, demand for duo rail is projected to increase at a 6% CAGR over the forecast period.
• In terms of application, the airport segment is expected to grow Y-o-Y by 4.7% in 2022.
• Total sales in the U.S. automated people mover market are expected to surpass a valuation of US$ 1 Bn by 2032.
• Demand for automated people movers across GCC countries will increase at a 6.9% CAGR over the assessment period.
• China will account for a dominant share in the East Asia automated people mover market, with total sales reaching US$ 305.7 Mn by 2032.

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Key Segments Covered In Automated People Mover Market Analysis

By System Type:

• Monorail
• Duo Rail
• Automated Guide Way Transit or Maglev

By Application:

• Airport
• Urban Transit
• Amusements Parks
• Shopping or Commercial Centers
• Others

By Region:

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

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Competitive Landscape

The global automated people mover market is significantly consolidated among Tier I, Tier II, and Tier III players. The leading players in the market account for 75 to 80% share in the market on a value basis.

Some of the key players in this industry include but are not limited to –

• Siemens
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Doppelmayr Seilbahnen GmbH
• PT Len Industri (Persero)
• LEITNER AG
• Coester Group
• HYUNDAI ROTEM COMPANY
• IHI Corporation
• Alstom and other

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 sector. 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 behavior.

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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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According to a new study by Future Market Insights (FMI), the global bicycle tire market is expected to be valued at ~US$ 6.4 Bn in 2021. Rising demand on environment-friendly modes of commuting is expected to help the market gain impetus in the coming years.

The electric vehicle (EV) revolution has dramatically altered the global automotive landscape. As environmental sustainability concerns mount, governments are calling for a swift transition towards alternative fuel sources to reduce carbon footprint. Hence, the market for electric vehicles is proliferating immensely. The 2020 Global EV Outlook published by the International Energy Agency (IEA) concluded that electric vehicle sales reached 2.1 million units in 2019, registering a 40% yearly increase.

This has spelt favorable conditions for the expansion of electric two-wheelers as well. Electric bikes are gaining momentum, providing tire manufacturers fertile ground for expansion. Furthermore, aggrandizing trends surrounding recreational biking is expected to stimulate cruiser bike sales, with Future Market Insights predicting its growth to be valued at 5% by 2021-end. Convenience is also becoming the need of the hour, with preference for foldable e-bikes acquiring major prominence.

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Key Takeaways of Bicycle Tire Market Study

• Bicycle tire market is set to expand at 7.7% CAGR between 2021 and 2031
• The U.S. will exhibit high demand, accounting for nearly 90% of bicycle tires sold in North America
• The U.K. market is forecast to exhibiting impressive year-on-year growth at nearly 8% in 2021
• Germany and France too are expected to register positive growth in sales of bicycle tires
• Within East Asia, China will continue accounting for maximum sales, although the demand from Japan and South Korea too is expected to rise at a steady rate

“Increasing concerns pertaining to traffic congestion and implementation of stringent carbon emission norms are creating lucrative opportunities for bicycle tire sales. Cycling-to-Work initiatives are gaining more traction than ever before. Various government programs encouraging the use of bicycle for commute is expected to push the global bicycle tire market growth” says FMI analyst.

Bicycle tire market is projected to be a fast growing market especially since sales are poised to surge considerably in the coming years. There is increasing focus on research and development activities within the market to customize design as per consumer preference. Also with leading manufacturers aiming at sustainability, FMI predicts positive outlook for the market between 2021 and 2031.

Bicycle Tire Market Competitive Landscape

The bicycle tire market is highly competitive. Some of the key players in the market are Cheng Shin Rubber Ind Co., Ltd., The Goodyear Tire & Rubber Company, and Giant Bicycles among others. These players are expected to contribute prominent share in the global Bicycle Tire market, and have admired relationships with governments and bicycle manufacturing companies and other customers

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Bicycle tire Market

By Bicycle Type

• Mountain
• Hybrid
• Electric
• Comfort
• Youth
• Cruiser
• Road

By Product Type

• Tube Tire
• Tubeless Tire
• Solid Tire

By Tire Size

• Upto 12 inch
• 12 to 22 inch
• Above 22 inch

By Sales Channel

• OEM
• Aftermarket

By Region

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

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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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Over the forecast period of 2022-2032, the driver monitoring system market is expected to grow at a CAGR of 7.5% to reach a valuation of US$ 8,770.9 Mn by 2032.

The driver monitoring system market will gain from the surging demand implementation of stringent regulations mandate the use of advanced technology like driver monitoring system to prevent unforeseen road accidents. The fundamental technologies for this system are still lidar and camera sensors. As a result, in terms of technology type, infrared and camera sensors account for roughly 70 percent of the DMS marker.

An increase in road-safety awareness as a result of an increase in various on-road incidents caused by the negligent or distracted driving is the primary driver for the driver monitoring systems (DMS) market. According to a report released by the World Health Organization (WHO) in 2020, road accidents claim the lives of approximately 1.35 million people each year.

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DMS are essential for Level 3 and 4 self-driving or autonomous vehicles, which require drivers to re-engage and ready to control the vehicle at vital points during the trip. Increase in Autonomous vehicle as well as regulation governing them, is estimated to create lucrative opportunities for the market in the forecast period.

Key Takeaways from Market Study

• By technology type, infrared sensor sales are expected to grow at a CAGR of 6% in the global market.
• By vehicle type, the passenger vehicle segment will dominate the market with more than 76% of the market share.
• By sales channel, the OEM segment will lead the Driver Moniitoring System Market and is anticipated to create an absolute dollar opportunity worth US$ 4 Bn
• In terms of region, North America is predicted to exhibit a CAGR of 5%.

“Increasing implementation of stringent road safety regulation coupled with growing awareness regarding importance of driver alertness while driving will create the crux of opportunities in the market,” says a Future Market Insights analyst.

Key Segments Covered in Driver monitoring system Industry Analysis

Driver monitoring system Market by Technology :

• Ultrasonic Sensor
• Lidar Sensor
• Radar Sensor
• Camera Sensor
• Infrared Sensor
• Pressure Sensor

Driver monitoring system Market by Sales Channel :

• OEM
• Aftermarket

Driver monitoring system Market by Vehicle Type :

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Driver monitoring system Market by Region :

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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Driver Moniitoring System Market Competitive Landscape

Among the industry’s key players are

• Continental AG
• ZF Friedrichshafen AG
• Mobileye
• Aptiv Plc
• Veoneer Inc.
• Valeo SA
• Magna International
• Aisin Seiki Co., Ltd
• Texas Instruments Incorporated
• NXP Semiconductors N.V
• Renesas Electronics Corporation
• Intel Corporation
• Hitachi, Ltd. and others

Manufacturers are strategically collaborating with technology partners for long suplly relation and to intrigate a central control unit for different ADAS technologies.

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Summary:

The research report analyses the market demand trend for driver monitoring system. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the driver monitoring system market report is studied and analyzed in the following segments such as by technology type, sales channel, vehicle type & regions. The driver monitoring system market report gives us qualitative and quantitative information about the companies.

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 sector. 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 behavior.

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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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According to a new study of Future Market Insights (FMI), the automotive remote diagnostics market is projected to record a CAGR of nearly 18% through 2028. Growth of the automotive remote diagnostics market will continue to remain bolstered by a plethora of factors, which range from increasing focus of automakers on reducing maintenance cost & downtime and growing integration of IoT, to the emergence of connected car eco-systems in vehicles.

Automotive remote diagnostics market are slated to top US$ 11.6 Bn in 2022. Expanding at an impressive 18.9% CAGR, the market size is projected to total US$ 32.9 Bn by 2028.

Automotive remote diagnostic solutions have gained pervasive popularity among automakers and vehicle owners alike, in light of the value-added advantages of the technology. Reduced maintenance and service downtime, along with the identification of the bottlenecks beforehand, and enabler of on-point, efficient solutions, are some of the key benefits of the automotive remote diagnostics that are driving their demand.

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Additionally, attributes of the automotive remote diagnostics, beneficial for vehicle owners, in terms of identifying potential downturns, defects, and shortcomings of the vehicle in advance, and reducing the total time and cost spent during maintenance, are further expected to drive growth of the automotive remote diagnostics market.

The upward trend of vehicle electrification has had a massive and direct influence on growth of the automotive remote diagnostics. Additionally, recent rise in the connected-car ecosystem, along with the proliferation if IoT and connected devices in the automotive industry, will continue to favor growth of the automotive remote diagnostics market in the foreseeable future.

Automotive Remote Diagnostics Equipment to Account for Leading Market Shares

While equipment and software both form integral parts of an automotive remote diagnostics, the study finds that equipment will continue to account for leading shares of the market, owing to associated periodical replacement and maintenance activities. On the other hand, software are installed in the equipment as first fit, and are renewed on the basis of subscriptions. This further alludes high-growth potential of software solutions in the automotive remote diagnostics market.

Automotive remote diagnostics market will continue to witness robust gains from the light commercial vehicles, compared to other vehicle categories. As the logistics and transportation sector gains increased traction, vis-à-vis growth of the ecommerce and warehousing industry, light commercial vehicles are expected to record relatively greater sales compared to their past statistics. This will create significant opportunities for players in the automotive remote diagnostics market.

Automotive remote diagnostics are expected to witness high demand in vehicle system & component access, and health tracking & diagnosis applications. These application requirements are comparatively higher in commercial vehicles, and with the rise in construction and infrastructure development activities, demand for the commercial vehicles, and in turn the automotive remote diagnostics will also rev up in the near future.

Europe to Remain Most Attractive Market for Automotive Remote Diagnostics

The study finds that Europe will continue to be the most lucrative market for automotive remote diagnostics, trailed by North America. The economic vigor and robust infrastructure development activities in the region allude at significant sales of commercial vehicles, along with passenger cars, which in turn continue to drive demand for advanced solutions such as the automotive remote diagnostics. According to the study, East Asia will also remain an attractive market for automotive remote diagnostics, with sales projected to grow at a CAGR of over 20% through 2028.

The automotive remote diagnostics market continues to remain consolidated, with leading players accounting for bulk shares of the market. Additionally, the complexity and extensive R&D investments required to provide a total solution continue to present significant entry barriers to new market entrants, which further underpins the supremacy of leading players in the automotive remote diagnostics market.

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AUTOMOTIVE REMOTE DIAGNOSTIC MARKET TAXONOMY

The global automotive remote diagnostics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product Type

• Equipment
• Software

By Vehicle Type

• Passenger Cars
• Compact
• Mid-Sized
• Luxury
• SUVS
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

By Application

• Vehicle System & Component Access
• Vehicle Health Tracking & Diagnosis
• Service Assistance

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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Key players operating in the automotive remote diagnostics market include Robert Bosch GmbH, Tech Mahindra Limited, Continental AG, OnStar LLC, Vector Informatik GmbH, Transics, Verizon, ACTIA Group, Softing AG, Magneti Marelli S.p.A., IBM, and Harman International, among others.

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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.
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Compact wheel loaders are utilized in several industries to load materials from one place to another. They are majorly used in the construction industry, where they are a stepping-stone between skid steer and large wheel loaders. In addition, compact wheel loaders are used in the agriculture, industrial, and utility sectors. Increasing preference towards electric compact wheel loaders to attain zero carbon emission is propelling the growth of the compact wheel loaders market. According to a new research report published by Future Market Insights (FMI), the compact wheel loaders market is estimated to reach a valuation of US$ 6.64 Bn by 2029.

Key Takeaways of Compact Wheel Loaders Study

1. Latin America, Oceania, and South Asia are estimated to grow at a significant pace, owing to ongoing construction activities and infrastructural investments in these regions.
2. Several advantages such as better maneuverability, lifting abilities, and multiple attachments compatibility are broadening the adoption of compact track loaders.
3. Construction activity is anticipated to remain the foremost application in the global market, and hold the dominating market share throughout the forecast period
4. Key market players are focusing on launching new products driven by advanced technologies to gain a competitive advantage in the global compact wheel loaders market landscape.
5. The ongoing global COVID-19 health crisis is estimated to negatively impact the overall construction equipment market, due to prolonged inactivity in the construction industry, interrupted fund flows for operations, and overall delays in construction project timelines.
6. As a preventive measure against the COVID-19 crisis, a majority of manufacturers are prioritizing workforce safety and are shutting down most of their production plants for a limited time duration.
7. In certain regions, the construction equipment industry is facing challenges of complying with strict standards. These standards require manufacturers to invest heavily in new technologies, thus shrinking their returns on investments (ROI).

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 “Realizing a gradual decline in worldwide demand, players are limiting the production of compact wheel loaders to avoid the overstocking of products. Market participants need to develop robust production strategies in order to reduce risks of opportunity loss to their companies.”

• Base Year – 2022
• Historical Period – 2017-2021
• Forecast Period – 2022-2029
• Market Value in 2022 – US$ 5.27 Bn
• Segments Covered – Product, Application, and Region
• Regions Covered – North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa
• Growth Drivers
  • Investment upheaval in construction projects
  • Rising shift towards electric compact wheel loaders
  • Leading players are focusing on developing tech-advanced compact wheel loaders

Browse Detailed Summary of Research Report with TOC: https://www.futuremarketinsights.com/reports/compact-wheel-loaders-market

COMPACT WHEEL LOADERS MARKET TAXONOMY

The global compact wheel loaders market is segmented in detail to cover every aspect of the market and present complete market intelligence to the readers.

Product

• Compact Track Loaders
• Skid Steer Loaders
• Backhoe Loaders
• Wheeled Loaders

Application

• Construction
• Agriculture & Forestry
• Industrial
• Utilities

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA

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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. Analysis and Recommendations

1.5. Global Construction Equipment Industry Overview

1.6. What Market Participants are Saying

1.7. Key Conclusions and Market Insights

1.8. Pricing Analysis by Key Brands

1.9. Pricing Analysis by Region

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Advantages of Compact Wheel Loaders

2.4. Parent (Construction Equipment) Market Overview

3. Key Market Trends

3.1. Key Trends/Developments

3.2. Technology/Development Roadmap

4. Key Success Factors
5. Global Compact Wheel Loaders Market Demand Analysis 2014-2021 and Forecast, 2022-2029Historical Market Volume (Units) Analysis, 2014-2021

5.1. Current and Future Market Volume (Units) Projections, 2022-2029

5.2. Y-o-Y Growth Trend Analysis

TOC continued..!

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Compact Wheel Loaders Market: Competitive Landscape

The compact wheel loaders market is consolidated, owing to the presence of a limited number of manufacturers across the globe.

• Caterpillar, Inc.
• Komatsu Ltd.
• Deere & Company
• Doosan Corporation
• Volvo Construction Equipment

Are the leading players in the compact wheel loaders market. Top 5 players account for over 40% share in the global market. Introduction of technologically-advanced products while adhering to stricter environmental regulations is among the key strategies being adopted by prominent manufacturers, worldwide.

Rising Preference towards Electric Compact Wheel Loaders to Attain Zero Carbon Emission

Governments across the globe are enacting stringent regulations in an effort to reduce carbon footprint. Electric compact wheel loaders curb carbon emissions by around 30% as compared to conventional construction equipment, given their advanced engine technology.

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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
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Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/compact-wheel-loaders-market
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The global adaptive cruise control market is projected to expand at 12.7% CAGR during the forecast period between 2022 and 2032, as per Future Market Insights (FMI). Adaptive cruise control (ACC) is a system designed to control the acceleration and braking of a vehicle with the use of sensors.

Growing traffic and increasing number of on- road vehicles is accelerating the demand for adaptive cruise control systems in the forecast period. Adaptive cruise control uses sensors such as radar and laser systems are integrated to ensure passenger and vehicle safety.

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Furthermore, expansion of automotive industry across the globe is driving the sales in the market. Advanced driver assistance system is essential in vehicles to help drivers. Manufacturers of adaptive cruise control systems are focusing on developing high performing sensors with wider detection range.

As per FMI, Europe adaptive cruise control market is expected to dominate the global market during the forecast period. Adaptive cruise control market in Europe is projected to top US$ 4,399.2 Mn by 2032.

“Over the assessment period, sales of adaptive cruise control systems are rising due to increasing technological innovation in advanced driver assistance system that gives high accuracy and high speed processing of vehicle.” says an FMI analyst.

Key Takeaways:

• In terms of technology, the radar sensor segment is projected to hold approximately 9% of the total market share in 2022.
• Based on sales channel, the OEM segment is anticipated to grow at 9% CAGR through 2032.
• East Asia will emerge as an attractive adaptive cruise control market globally, creating an incremental $ opportunity of US$ 2,609.3 Mn in the forecast period.
• Passenger vehicle segment is expected to reach about US$ 9,037.5 Mn by end of the forecast period.

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Competitive Landscape        

Key market participants of the Adaptive Cruise Control market elaborated in the report include Continental AG, Robert Bosch GmbH, Valeo SA, Magna International, Delphi Automotive, ZF Friedrichshafen, Aisin Corporation, Hitachi Astemo, Hella KGaA Hueck Co, KG, Pacific Industrial Co. Ltd and others.

Key players are strengthening their positions in the market by expanding their geographic presence across the globe to expand their customer base. Some of the players are also focusing on developing high performance products for vehicles by using cutting edge technologies.

Meanwhile, other players are focusing on acquisition and expansion strategies to increase their revenue. Key players are strengthening their positions in the market by expanding their production capacities across the globe.

For instance:

• In April 2021, DENSO Corporation developed advanced driver assistance system technology for Lexus LS and Toyota Mirai released in Japan.
• In Feb 2020, Continental AG announced the opening of a new manufacturing plant in US. The purpose is expansion of production capacity of radar sensors for advanced driver assistance systems and expand the company’s market position as well.

More Insights into the Global Adaptive Cruise Control Market Report

In its latest report, FMI offers an unbiased analysis of the global adaptive cruise control market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on technology (ultrasonic sensor, lidar sensor, radar sensor, camera sensor, infrared sensor, pressure sensor), by sales channel (OEM, Aftermarket), by vehicle type (passenger vehicles, LCV, HCV) & by region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).

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About Future Market Insights – Automotive

The research report analyzes demand for automotive window regulators. The global vehicle market has been analyzed upon covid-19 impact, macroeconomic factors, market trends & market background. As per FMI’s research scope, the market has been analyzed on the basis of products, customers & regions. The report gives us qualitative and quantitative information on various players in this market. Also, this report tracks the market by both supply side and demand side.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S., and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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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 global electric scooters market is anticipated to grow at a CAGR of 9% during the forecast period. In 2021, the market valuation was US$ 8.8 billion. However, in 2022, the valuation jumped to US$ 9.59 billion, and by 2032, the market is expected to have a valuation of US$ 22.70 billion.

The electric scooters are believed to be one of the easiest modes of commutation. Therefore, they are being increasingly used by ridesharing companies. Moreover, the charges associated with the usage are also nominal.

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Electric scooters are also popular amongst the investors, as they do not produce much noise while plying on roads, and this is something which the authorities across the world look out for. Additionally, they also do not emit greenhouse gases. Because of this reason, the governments and other governing authorities across the globe are putting huge amounts of money to promote the manufacturing of electric scooters. This is expected to increase the sales of electric scooters during the forecast period.

Moreover, the maintenance cost associated with electric scooters is much less as compared to conventional scooters or bikes. This as well might boost the electric scooters market during the forecast period.

It is a global news that the fuel prices at rising at a rate like never before. This presents a huge opportunity to the electric scooters and undoubtedly, the market is making the best use of this. As the name suggests, the electric scooters are operated using electricity.

Additionally, more and more players, be it local or global are entering into the electric scooters market because of the benefits associated. This might as well surge the demand for electric scooters.

Furthermore, rapid urbanisation is also one of the reasons which is fuelling the growth of electric scooters market. The reason being, because of construction and related activities, the pollution level tends to increase. To contain the rising pollution, the authorities encourage the usage of electric scooters.

Thus, the FMI researchers are of the view that rapid urbanisation, low cost of commutation and a number of factors are expected to drive the electric scooters market during the forecast period.

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Key Takeaways:

• The electric scooters market had a value of US$ 8.8 billion in2021.
• The electric scooters market has a valuation of US$ 9.59 billion as on 2022.
• The electric scooters market is expected to be valued at US$ 22.70 billion by 2032.
• The market is projected to grow at a CAGR of 9% during the forecast period.
• Based on the battery type, Li-ion is expected to have the largest market share during the forecast period.
• Based on the product type, maxi electric scooters are projected to have the highest market share during the forecast period.
• Based on the technology, the battery technology is anticipated to be the most preferred during the forecast period.
• Asia Pacific is expected to be the largest market throughout the forecast period.
• USA market expected to grow at a CAGR of 8.4% during 2022-2032.
• UK electric scooters market projected to grow at a CAGR of 8.8% during the forecast period.
• China projected to be the largest market.
• India market expected to grow at a good rate.

Competitive Landscape

With a lot of buzz generating around the electric scooters market, the key players are taking the necessary steps to develop consumer oriented electric scooters, like employing GPS in the electric scooters.

Some of the recent developments are:

• In July 2022, Ather Energy appointed Sanjeev Kumar Singh as the new Vice President of manufacturing and Harendra Saksena as the Chief Procurement Officer.
• In September 2022, Tech Mahindra and Tada Cognitive Solutions partnered to digitally transform the supply chain networks for enterprises in the US.

Key Companies Profiled

• Alta Motors
• Ather Energy
• Bajaj Auto
• BMW Motorrad International
• Cezeta
• Energica Motor Company
• Evoke Motorcycles
• Hero Eco
• Johammer e-mobility GmbH
• KTM AG
• Mahindra GenZe
• Ninebot Limited
• Okinawa Autotech Pvt. Ltd.
• Piaggio & C. SpA
• ReVolt Electric Motorbikes
• Xiaomi
• Yamaha Motor Company Limited.

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Electric scooters Market by Category

By Product Type:

• Standard
• Folding
• Self-Balancing
• Maxi
• Three-Wheeled

By Battery Type:

• Li-Ion
• NiMH
• Lead-Based

By Technology:

• Plug-In
• Battery

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

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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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Future Market Insights (FMI) has published a new research report on automotive seat heaters. The report has been titled, “Automotive Seat Heater Market: Global Industry Analysis 2017–2021 and Opportunity Assessment 2022–2028.” The report states that the growing inclination of consumers across the globe towards luxury and premium vehicles is expected to boost the demand for automotive seat heaters over the coming years. The market for seat heaters is substantially dominated by a limited number of manufacturers who primarily cater to demand from OEMs. On the flipside, the market is witnessing the presence of a large number small-scale manufacturers predominantly based out of the Asia Pacific, who supply their products to cater to the growing demands in the independent aftermarket.

For instance, the Continental AG has a wide portfolio of products that find application in passenger cars, trucks and buses, agricultural vehicles, construction vehicles, marine solutions (engine monitoring, navigation and vessel information systems) and two wheelers. Similarly, other companies are also gearing up to expand their product portfolio. A few of the other companies operating in the global market include Panasonic Corporation, Gentherm Incorporated, Kongsberg Automotive, II-VI Incorporated, and I.G.Bauerhin GmbH, among others.

According to the report, the global automotive seat heater market is projected to witness a CAGR of 6.2% from 2022 to 2028. The market is expected to be worth US$ 922.6 Mn in 2022 and touch a valuation of US$ 1,678.9 Mn by the end of 2028.

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High Use of Seat Heaters in Cold Regions to Lead to Rise in Demand

The temperature inside an automobile cabin can drop to subzero levels during cold winter and extremely cold environmental conditions. Under such punitive conditions, the driver inside the vehicle can experience localised cooling as the driver’s exposed body surface (15% to 20%) comes in contact with the seat base and back support. Moreover, the heating system within a vehicle tries to respond to the comfort level of the driver but only until a certain period of time. To overcome this problem, many automobile seats are incorporated with embedded heating pads to enhance the driver’s thermal comfort, particularly during the initial period of driving. The heat generated from seat heaters is transferred through the seat cover. This feature has generated keen interest in the development of efficient seat heating systems that guarantee a driver’s thermal comfort in cold winter conditions. As a result, the demand for automotive seat heaters is high in North America and Europe.

Another factor that is expected to have a major impact on the market is the growing adoption of hybrid and electric vehicles. The prevalence of many big electric vehicle manufacturers across the globe such as Volkswagen group, Honda Motor Co., Ltd., Nissan Motor Corporation Ltd., Mitsubishi Motors Corporation and Toyota Motor Corporation will help the growth of the electric vehicle segment. Moreover, increasing support from the government coupled with strict emission norms will also offshoot the demand for electric vehicles, which in turn, will upsurge the demand for automotive seat heaters.

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Automotive Seat Heater Market by Category

By Vehicle Type :

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Sales Channel :

• OEM
• Aftermarket

By Region :

• North America
• Latin America
• Western Europe
• Eastern Europe
• South East Asia & Pacific
• Middle East and Africa (MEA)
• China
• India
• Japan

Key Players

• Gentherm Incorporated
• Kongsberg Automotive
• Continental AG
• II-VI Incorporated
• Panasonic Corporation
• I.G. Bauerhin GmbH
• Seat Comfort Systems, Inc.
• Roadwire LLC
• Firsten Automotive Electronics Co., Ltd.
• Rostra Precision Controls, Inc.
• Guangzhou Tachibana Electronic Co., Ltd.
• SINOMAS
• Changchun SET Electronics Co., Ltd

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Seasonal Requirement of Automotive Seat Heaters to Stand in the Way of Market Expansion

Seat heaters are provided as a seasonal feature and are generally required for automobiles in winter. When the temperature is low, seat heaters play an important role in providing a certain level of comfort to the driver, but are of no use in other seasons. Therefore, the application of seat heaters in regions such as MEA and Asia Pacific where the temperature does not dip so low during winter is limited, which is expected to hamper the growth of the seat heaters market.

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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
Website: https://www.futuremarketinsights.com
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