Market Research Blog

Resurgent growth in construction and infrastructure development activities worldwide, along with the rise in smart city projects, has been driving the adoption of solar shading systems in the recent past.

The solar shading system market has been segmented on the basis of the application area, component type, technology, and region. Based on the application area, the solar shading systems market is segmented into residential, commercial, and industrial areas.

Gains from the residential sector are expected to increase at a relatively faster rate through 2027.  Sales in the residential sector will be driven by the installation of solar shading systems and devices in new construction, and growing home renovation activities.

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According to a new study of Future Market Insights (FMI), the global solar shading system market is projected to record a steady 3% CAGR through 2027. The solar shading system market was valued at US$ 3,672.6 Mn in 2017 and is expected to reach US$ 3,931.3 Mn by 2027-end.

Based on the component type, the solar shading system market is segmented into aluminum-based, fabric-based, and other types. Aluminum-based solar shading systems continue to witness robust adoption in the residential and industrial sectors, owing to their attributes such as rigidity and durability, and shield-protection from solar radiation. On the other hand, fabric-based solar shading systems are expected to register a relatively higher CAGR through 2027, in light of their innovative and economic nature.

On the basis of region, the solar shading system market is segmented into North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East & Africa (MEA). The solar shading systems market in Latin America is expected to witness a relatively faster growth through 2027. The fact that the region occupies a large span of tropical and sub-tropical regions contributes to its relative supremacy in the solar shading systems market.

The Middle East and Africa are also expected to gain significance as a fast-growing market for solar shading systems, owing to the high temperatures and intense solar radiations in the region. However, North America and Asia-Pacific excluding Japan (APEJ) continue to remain the most lucrative markets for solar shading systems.

According to the study, business partners are entering into long-term contracts for revenue generation and product innovation strategies, which in turn has been paving lucrative growth opportunities for the solar shading systems market. Key players operating in the global solar shading system market include Solar Shading Systems, Inc., Construction Specialties, Coltinfo.co.uk, SWFcontract., Norsk Hydro ASA, Duco Ventilation & Sun Control, LINAK, Draper, Inc, Glazing GmbH, Roda Licht -und Lufttechnik Gmb Comhan, InSync Solar, WAREMA Nederland B.V., Glasscon GmbH, Thermosash , Alumet, and Insolroll.

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These companies are eyeing to roll out a high number of quality solar shading systems. Gunnebo Group has a wide and diversified product portfolio of solar shading system, while Sand is continuously expanding its presence in various regions around the world. Dormakaba, Inc., a major supplier, and manufacturer of solar shading systems are banking on the product diversification strategy to boost its sales and revenues.

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Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. Agricultural and Food Grade Rubber Conveyor Belt Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.

While processed and packaged food and beverage products are a major driver of conveyor belt demand, increasing automation across industries is also driving significant demand globally.

According to a new intelligence study published by Future Market Insights, revenue growth for agricultural and food grade rubber conveyor belts is expected to be moderate. According to the report, global sales of agricultural and food grade rubber conveyor belt are expected to exceed US$ 3 billion in 2020, with a steady yearly increase in 2019 and 2020.

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Consistently growing installation of conveyor belts at a growing number of automated assembly lines set up in production plants will continue to generate robust demand for conveyor belts, according to the report.

Standard conveyor belts that deliver relatively more efficient performance translate into least turnaround time for manufacturers, and thus represent the highest adoption potential.

Key Insights Drawn from the Research Intelligence

• Standard black rubber conveyor and elevator belt owing to superior efficiency holds more than 70% share in the total market value, at present.
• Application of agricultural and food grade rubber conveyor belt in processing equipment continues to be maximum, accounting for over half the share of the total market revenue.
• Material handling and packaging equipment are projected to cover a significant market value in terms of application, equating a share of just-under 1/4^th of the global market revenue.
• With more than 60% value share in agricultural and food grade rubber conveyor belt market, synthetic rubber remains a preferred material over the natural variant.
• The end use analysis of agricultural and food grade rubber conveyor belt landscape reveals that food grains/cereals and sugar represent a cumulative share of more than 55% in the global value, followed by the vegetables segment.
• SEA & Pacific and Europe represent the largest regional markets for agricultural and food grade rubber conveyor belt respectively, contributing over 40% share in the total market value.

Maintenance Service

The global market for agricultural and food grade rubber conveyor belt is a highly fragmented landscape, with Tier 3 players holding a major share of the revenue. Looking at the intensity of competition on the global agricultural and food grade rubber conveyor belt landscape, a majority of global as well as regional players are striving to introduce maintenance service packages with an objective to cater to the growing demand for onsite conveyor belts maintenance.

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As a typical conveyor belts system has an average life span of four years and requires timely maintenance check for superior performance, a wide scope lies for the incorporation of technologically advanced monitoring systems. Companies are likely to leverage their technical expertise in maintaining a differentiating edge over competition, projects the report.

Accelerated Local Food Production Is Creating Opportunities

Europe, one of the two key regions for growth of agricultural and food grade rubber conveyor belt market, has been the global agricultural hub. The EU has been playing a pivotal role in empowering local producers and farmers through CAP (Common Agricultural Policy). The ultimate objective of promoting local farming activities and supplement the overall food production levels is likely to propel sales of agricultural and food grade rubber conveyor belts in coming years.

Favorable government initiatives, improving food policies, and evolving FDA guidelines, collectively highlight growing significance of food production safety, security, speed, sustainability, efficiency, transport, and logistics across the agricultural and F&B industries. FMI thus expects emergence of a slew of lucrative deployment opportunities for agricultural and food grade rubber conveyor belt manufacturers.

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The global inflatable tents market has forecast to register year-on-year growth of 7.6%, reaching a value of about US$ 969 Mn by the end of 2022.

Popularity of inflatable tents has increased recently, mainly due to military and commercial uses. A 7.5% revenue growth year over year is anticipated for the inflatable tent market in 2019, which is expected to surpass US$ 750 million.

According to a recent intelligence study by Future Market Insights, developed markets, particularly the United States and Western Europe, will continue to account for the majority of the growth in the inflatable tents market. The report claims that in the upcoming years, the market for inflatable tents in Asia Pacific is about to experience a promising growth scenario.

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North America & Europe Make up for most of the Revenue in Inflatable Tents Landscape

The United States is the largest revenue generator in the global inflatable tents landscape, with over a million US-based families camping each year in recent years. On the other hand, Europe has a large millennial population that frequently plans adventure tours and camping activities, which directly encourages sales of gear like inflatable tents.

North America currently accounts for just under one-third of global revenue, which can be attributed to the growing application base in military and adventure tourism. In contrast, rising demand for inflatable tents for personal use is shaping the European market.

Segmental Analysis of Inflatable Tents Landscape

• Based on the type of inflatable tents, self-erecting tents that are currently covering the most of market revenue share, continue to enjoy higher sales owing to their high convenience quotient. Hybrid tents on the flipside represent a lower value share in inflatable tents market.
• On the basis of shape of inflatable tents, dome shaped tents continue to dominate over the coming years. However, tunnel shaped inflatable tents are likely to represent a higher incremental opportunity.
• By end use of inflatable tents, military holds more than 50% share of the total market value at present, which is predominantly driven by storage and medical applications that attract substantial revenue to the military segment. An equal incremental opportunity is projected for both segments, i.e. military and personal by 2020.

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Key Insights Drawn from Competitive Landscape Analysis of Inflatable Tents Market

The global market for inflatable tents is a highly fragmented competitive landscape governed by a large number of small players, accounting for the lion’s share in the total revenue. The Tier 1 players include both private and public companies that have strong global presence; however, they account for a mere 25% share in the inflatable tents market value.

• Regional players are taking concentrated efforts in strategizing brand management and promotion.
• Consolidation of sales and distribution network is a priority for an enhanced market footprint.
• Retail store expansion and strengthening of direct-to-consumer channel are emerging popular trends among manufacturers, especially regional brands.
• The focus on inflatable tent sales through Ecommerce is zooming in with an objective of achieving maximum market penetration.
• Price optimization is likely to be a priority for players looking forward to entering developing markets for inflatable tents.
• Improved raw material and product quality through technological innovation is being increasingly considered as a key strategy for better RoI.
• Beyond poly cotton, development of lightweight raw materials is attracting R&D interests of inflatable tent manufacturers.

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Global Inflatable Tents Market by Category

By Material Type :

• PVC
• Poly-Cotton
• Nylon

By Type :

• Self-Erecting
• Hybrid

By Shape :

• Dome
• Tunnel
• Geodesic

By End Use :

• Military
• Commercial
• Personal

By Region :

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

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In this report, FMI throws light on the drivers and restraints likely to impact the glass door merchandiser market during this period. The Global Glass Door Merchandizers Market to grow with a year-on-year growth of 7.4% in 2022 reaching a value of about US$ 8,802.90 Mn by 2022 end.

It is expected to reach US$ 13,557.9 Mn by 2028 end, with a 7.3 percent value CAGR. The self-contained glass door segment is expected to account for the lion’s share in terms of value and volume over the forecast period among the configuration segments.

Between 2022 and 2028, India is estimated to grow at a CAGR of 10.1%. The food and beverage market is anticipated to be the largest in China, and the country has ambitious plans for manufacturing and meeting global demand. Because of the significant emphasis on infrastructural advancements and propulsions in industrial output, major developing countries like China drive global GDP.

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Global Glass Door Merchandiser Market: Dynamics

Market insights suggest that the global glass door merchandiser market will witness high growth during the forecast period, which can be attributed to the growing economies, urbanisation, increasing standard of living of people and infrastructural developments taking place in the region. Growing food and beverages consumption and growing focus being put on marketing and promotion of products to attract the customers are the two factors pushing the market for glass door merchandisers.

Growing demand of food and beverages product displays for promoting and marketing food and beverages products to attract customers will further add to this demand. The need for higher output with fewer resources is driving the development of new technologies, especially in the retail industry.

The use of glass door merchandiser products increases the food and beverage selling capacity of retailers. Economic growth, increasing standard of living of people and urbanisation in developing countries, such as India, China and Asia Pacific region, will boost the demand in the global glass door market.

However, increase in raw material prices will be a major restraint for the global glass door merchandiser market. Major global players are partnering with various companies and distributors to sell their products and to increase their footprint in the global glass door merchandiser market. Technology advancements and research and development activities will create new opportunities for the major players in the global glass door merchandiser market.

Global Glass Door Merchandiser Market: Segments

The glass door merchandiser market has been segmented on the basis of application into retail outlet, commercial complexes and commercial kitchens. On the basis of application, the retail segment is anticipated to dominate the glass door merchandiser market in terms of value and volume over the forecast period. The retail segment is also projected to grow at a relatively higher CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 4622846 Mn between 2022 and 2028 in the global glass door merchandiser market.

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Global Glass Door Merchandiser Market: Regional Outlook

Regionally, Asia Pacific accounted for over 49% of the global glass door merchandiser market value while North America accounted for the second largest share in the global glass door market in the forecast period form 2022-2028. China, India and SEAP are projected to be the fastest growing regions with a CAGR of 9% during the forecast period. Large population base, growing economies, urbanisation, improving standard of living and infrastructural developments are some of the important factors driving the demand in the glass door merchandiser market.

Global Glass Door Merchandiser Market: Key Participants

The report highlights some of the top companies operating in the global glass door merchandiser market including Traulsen, Tuobo Air Inc, Arneg Group, Everest, Liebherr, UAB Feror LT, True manufacturing Co.Inc, Migali industries, Anthony Inc and Hussmann Corporation.

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The global machine tool touch probe market is expected to grow by 3.6 percent year on year in 2022, reaching a value of approximately US$ 615.1 Mn by the end of 2022. Machine tool touch probes are widely used in grinding, turning, and milling for fast, precise, and automatic tool setting and workpiece measurement. It has the potential to improve dimensional accuracy while reducing setup time. The global market is expected to grow at a significant CAGR of 3.5 percent between 2022 and 2028.

According to the report, 3D Touch Probes and 2D Spindle Probe types will dominate the machine tool touch probe market, accounting for more than 80% of market share over the forecast period. The global machine tool touch probe market is expected to be worth $616 million by the end of 2022.

Furthermore, by the end of the forecast period, the machine tool touch probe market is expected to generate a total incremental $ opportunity worth US$ 218.0 Mn.

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Global Machine Tool Touch Probe Market Dynamics

Machine tool touch probes can operate in conditions in which humans cannot sustain themselves or in conditions in which humans cannot operate optimally, such as when accuracy is the primary factor. Due to this reason, machine tool touch probes have been in high demand in the manufacturing industry in the global market.

Manual measurement of work pieces is being replaced by machine tool touch probes as they reduce any chances of inaccuracy and also increase the potential for accurate workflows. This particular factor will accelerate the growth of the machine tool touch probe market over the forecast period. Moreover, human personnel can work for only a number of limited hours whereas machines and their components are capable of working continuously.

Growth in research and development activities by prominent market participants is estimated to create several growth opportunities for the machine tool touch probe market in the coming future. Increasing demand and competition will encourage manufacturers to invest on research and development. This is expected to further create opportunities for the augmentation of the machine tool touch probes market in the coming years.

However, lack of skilled professionals for operation and maintenance of machine tool touch probes may hamper the growth of the machine tool touch probe market over the forecast period. Moreover, the initial cost associated with the machine tool touch probes is on the higher side. This may be one of the prime reasons which may derail the growth of the machine tool touch probes market over the forecast period.

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Global Machine Tool Touch Probe Market Forecast

The global machine tool touch probe market is consolidated by nature. There are only a few key market participants which occupy a significant share in the market. These players are expected to play a pivotal role in the growth of the machine tool touch probe market over the forecast period. By transmission type, infrared segment is expected to hold a significant share in the machine tool touch probe market over the coming years.

Moreover, infrared segment along with the radio segment is expected to occupy more than 85% share in the global market. By machine type, CNC machining center segment is expected to create overall incremental $ opportunity of US$ 756.2 Mn between 2022 and 2028. By end use, automotive, defense & aerospace and medical segment is expected to dominate the market. The medical and automotive segment are expected to collectively account for 33.9% of the market share by the end of 2022, which is expected to grow to 35.1% of the overall market by the end of forecast period. By region, Western Europe is expected to grow at a significant rate, at a CAGR of 3.5% over the forecast period.

Global Machine Tool Touch Probe Market Competitive Landscape

Some of the key market participants reported in this study on the global machine tool touch probe market are Renishaw plc., Hexagon AB, DR. Johannes Heidenhain GmbH, Blum-Novotest GmbH, Tormach, Inc., METROL Co., Ltd., Marposs S.p.A., P-Tech Industries Pvt. Ltd., Centroid Corporation, J & M Precision Products Inc., Micro-Vu., Quality Vision International, Inc., Mahr GmbH, Magnescale Co. Ltd., Carl Zeiss AG.

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The global scissor lifts market is expected to grow at a 3.5 % CAGR through 2031. Scissor lifts are an aerial work platform access equipment that is used for safe and efficient elevated material handling in a variety of industries.

Global scissor lifts market is undergoing a massive transformation with shift from the mature and saturated markets such as North America and Western Europe to the emerging economies such as China, ASEAN, and other South East Asia & Pacific countries. A key factor supporting this expansion is the surging construction activities across developing countries.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors fuelling the demand for scissor lifts. The report tracks the global sales of scissor lifts in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the end-use industry in general, and scissor lifts in particular.

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With rental companies playing a pivotal role in the scissor lifts market, organization in the rental industry are expected to focus on expanding their network across developing countries, creating new growth prospects for manufacturers.

Key Takeaways from Scissor Lifts Market Study

• Scissor lift market will expand at a steady pace, exhibiting 3.5% CAGR between 2021 and 2031
• The U.S. is expected to account for over 40% sales of scissor lifts
• U.K. will remain key market in Western Europe
• Germany and France will continue exhibiting high demand backed by rising construction activities
• Sales in Japan and South Korea to increase at a positive pace

“In addition to keeping long-term alliance with their key buyers, companies are offering training courses for operators and focusing on expanding their product range by including electric, hybrid or bi-energy scissor lifts to cater the growing demand for aerial work platforms across the world” said a lead FMI analyst.

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What’s the Future Outlook?

Growing shift towards hybrid lift development which help rental fleet owners to leverage the flexibility of scissor lift performance for higher utilization and longer term rentals is set to be remain as prominent force in shaping the scissor lifts market.

Who is winning?

Some of the leading companies operating in the scissor lifts market are Terex Corporation (Genie), JLG Industries, Inc., Linamar Corporation (Skyjack), Snorkel International, Haulotte Group, and Zhejiang Dingli Machinery Co, Ltd. These companies are incorporating new environmental-conscious technologies. Along with this, they are fine-tuning their expansion strategies to gain competitive edge.

For instance, Haulotte announced launching two new mobile elevating work platforms that have fully electric architecture to offer excellent performance, while reinforcing direction taken by the company towards environmentally friendly alternative energies.

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As per the report published by FMI, the global e-rickshaw market is projected to have a rapid-paced CAGR of 31.8% during the forecast period. The current valuation of the market is US$ 1.71 Billion in 2022. The market value of e-rickshaw is anticipated to reach a high of US$ 27.5 Billion by 2032.

E-rickshaws are widely acknowledged as a viable alternative to gasoline, diesel, and compressed natural gas auto rickshaws. It is anticipated while analyzing the market in depth that growing end-user affordability, better daily earnings than cycle rickshaws, the attainment of cost-advantage over auto-rickshaws, and increased investment made by the manufacturers for the development and design of more affordable and efficient rickshaws are expected to boost and benefit the e-rickshaw market during the forecast period.

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According to the findings of Future Market Insights, the demand for electric rickshaws is on the rise as they are causing zero tailpipe emissions and are widely used for first/last-mile connectivity in cities across the country. These three-wheeled electric-powered vehicles are also helping in bridging the public transport service gaps for commuters. Therefore, e-rickshaws can be viewed as the best low-cost shared mode of public transport for last-mile connectivity in the country.

However, the cost of charging stations and the quality of EV batteries are considered the primary challenge in adopting e-rickshaws. These vehicles cannot be utilized while being charged due to their need to be connected to a single place. The experts of FMI have also revealed the fact that overcharging of EV batteries can cause severe issues to the vehicle like rusting of the grid, shortage of water in the battery, spoilage of battery material, and others, and is expected to pose a considerable threat to the expansion of the market.

FMI has analyzed that the government is likely to support the electrification of auto-rickshaws as a proactive policy toward sustainable mobility in urban areas. It has also been identified that adopting this mode of commute is likely to reduce the level of carbon emission and help keep the environment green. Hence, a consistent rise in sales of e-vehicles across the world is projected to boost the market further.

Key Takeaways from the E-rickshaw Market

• The market share of organized manufacturers in the e-rickshaw market grew to 48.8% during the base year (2021).
• The initial cost of electric variants is between US$ 811.6 and US$1,487.9, while that of an ICE-based autorickshaw is between US$2,029.05 and US$4,058.1.
• Lithium-ion-based battery type upheld the largest share in the market, accounting for 51.9% in the year 2021.
• The Asia Pacific region is likely to dominate the global e-rickshaw market. After India, China, and ASEAN nations account for the second and third largest e-rickshaw market shares in production and sales.

“Popularity of electric vehicles is increasing rapidly across the globe, owing to the decline of production costs of EV, increasing installation of charging infrastructure, and rising incentives by governments to reduce carbon emissions from vehicles” – Says an FMI Analyst

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Competition Landscape in the E-rickshaw Market 

The electric rickshaw market is primarily dominated by a large number of small, unorganized local players, accounting for a major market share. However, established players in the market are introducing their new models and product launches to gain a competitive edge over other players.

Hhw Care Products Pvt. Ltd., Charuvikram Automobiles Pvt. Ltd., A G International Pvt. Ltd., Saera Electric Auto Pvt. Ltd., Gauri Auto India Pvt. Ltd., Yuva E Rickshaw, Xuzhou Hongsengmeng group Co., Ltd., Wuxi Weiyun Motor Co. Ltd. are some key players in the e-rickshaw market.

Key Segments For E-Rickshaw Market

By Vehicle Type:

• Passenger carrier
• Load carrier

By Battery capacity:

• >101 Ah
• <101 Ah

By Motor power:

• Upto 1,000 W
• 1,000-1,500 W
• More than 1,500 W

By End User:

• Original equipment manufacturer
• Aftermarket

By Region:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Recent Developments in the E-rickshaw Market:

• In February 2021, Piaggio launched their first electric three-wheeler, Apé eCity, in the Indian market. A 4.5kWh better powers 5.4kW motor in the Apé eCity.
• Piaggio Ape unveiled the Ape E-City electric rickshaw in India in December 2019. The firm is focusing on expanding its product line by powering the electric rickshaw with swappable battery technology.
• In July 2019, Treasure Vase Ventures Pvt. Ltd., the parent company of SmartE, one of India’s major suppliers of electric mobility services, secured Rs. 100 crores in series B investment from Japan’s Mitsui & Co.

Top Reports Related To Automotive Market Insights

Automotive Exhaust Manifold Market : to grow with a year on year growth of 3.8% in 2022 reaching a value of about US$ 9.7 Bn by 2022 end. The global market is anticipated to witness a considerable CAGR of 3.7% during the period of 2022 and 2026.

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 Seat Heater Market : is projected to increase at a robust 6.5% CAGR by value between 2022 and 2028 reaching a value of about US$ 1,150.4 Mn by 2022 end.

Automotive Carbon Ceramic Brakes Market :  to grow with a year on year growth of 11.3% in 2022 reaching a value of about US$ 382.5 Mn by 2022 end.

Garage and Service Station Market :  is projected to be valued at US$ 2,031.98 Million as of 2022, representing an annual increment worth 10.2% from 2021. By 2032, the industry is projected to reach US$ 5,927.48 Million, representing a CAGR of 11.3%.

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 ambulance power inverter market is set to witness an impressive growth rate of 5.5% from 2022 to 2032. The ambulance power inverter market size is anticipated to reach a valuation of around US$ 112 Billion by the end of the year 2032 from the current valuation of US$ 64 Billion in 2022.

Until 2020, the demand for ambulance power inverters was limited to only a small fraction of the total ambulances owned by any public or private healthcare institution. However, when the Covid-19 pandemic overtook the available medical infrastructure of all major economies, the requirement for such inverters increased manifold in those two years, consequently escalating the sales of ambulance power inverter in the global market.

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Following the pandemic, several private companies have emerged to provide ambulance services on a private hiring business model. The growing adoption of such service models in different companies has boosted the ambulance power inverter market trends and resulted in its market acceleration.

According to geographies, the Asia Pacific region is anticipated to dominate the ambulance power inverter market due to the region’s growing need for such modern ambulance features and others, which is driving the market’s expansion. Next to the Asia Pacific, North America is anticipated to have considerable growth in the ambulance power inverter market share due to an increase in new technology adoption and a rise in service providers.

The sales of ambulance power inverters in European countries have improved to certain degrees as governments in various nations take steps to provide improved amenities in the healthcare sector. During the anticipated period, the Middle East and Africa are anticipated to grow slowly as the area develops, adopts new technology, and sees an increase in sales of ambulance multilevel inverters.

Further, the adoption of custom-fitted ambulance power inverters in any other type of emergency vehicle is a growing trend in some parts of the world. Such developments are anticipated to present immense ambulance power inverter market opportunities in the coming days.

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Key Takeaways from Ambulance Power Inverter Market Study

• The overall growth of the global ambulance power inverter market is estimated to be around US$ 48 Billion over the forecast years through 2032, in terms of absolute dollars.
• On the basis of different types of the UPS segment, particularly UPS 650 VA, is the most preferred category for the application of such inverters in emergency vehicles.
• Asia Pacific countries such as China, Japan, and India are the leading regions in the overall sales of ambulance power inverter in the global market and together contribute for almost 23% of it.
• North America holds the second position in the list of leading markets in demand for ambulance power inverter according to various broad geographical regions.
• Europe is recovering from its stagnant period in demand for ambulance power inverter and is expected to grow at a pace of 7% through the forecasted years.

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Competitive Landscape for the Global Ambulance Power Inverter Market

A few of the major companies operating in the ambulance power inverter market are Omron Automation Pvt. Ltd., ABB Ltd., Tabuchi Electric Co., LTD., Samlex America Inc., PowerBright, SMA Solar Technology, Magnum Dimensions, Calsonic Kansei, Samlex America, and Stanley among others.

Presently, leading suppliers of ambulance power inverters are working to improve product dependability and quality by incorporating new technology. It has increased ambulance power inverter efficiency consequently improving its market penetration in last few years.

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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 trailer surge brake market is expected to grow at a stable rate of 3% through the forecasted years of 2022 to 2032. The trailer surge brake market size is anticipated to reach a valuation of around US$ 8 Billion by the end of this forecast period from the current valuation of US$ 5.9 Billion in current year of 2022.

Several of the characteristics of these sorts of brakes that would propel the trailer surge brake market are the activation without any energy supply and the utilisation of the trailer’s inherent motion to operate the braking assembly in the locomotives. The linkage between the trailer and the tow vehicles is made simpler by the fact that these brakes may be used with any type of trailer and do not need to be electrically engaged. Therefore, the trailer surge braking systems continue to have a sizable market position in the automotive industry and is anticipated to grow steadily through the course of the years.

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Interestingly, the need for surge brake accessories is growing quickly in this adjacent sector, which is supplying cutting-edge equipment to boost the usefulness and sales of trailer surge brake systems in a spiral manner.

The market for trailer surge brakes in South Asian countries is anticipated to rise at an unheard-of rate due to the expansion of cargo and freight services in this area. Additionally, it is anticipated that the trailer surge brake market in North America would expand faster than usual due to the rising use of marine trailers and automobile trailers.

On the other hand, the minimal utilisation of such trailers in the bulk of African nations, the Middle East and African markets that are anticipated to stay static. China and Japan are projected to lead the East Asian trailer surge brake market during the forecast period which is anticipated to expand at a remarkable rate during these years

Key Takeaways from Trailer Surge Brake Market Study

• The overall growth of the global trailer surge brake market is estimated to be around US$ 2.1 Billion over the next ten years, and this absolute growth is expected to be achieved by following the predicted CAGR of 3%.
• The drum sub segment of the trailer surge market according to its different types is the highest selling entity in the market.
• Automobile semi-trailers category still lead the other categories of the trailer surge on the basis of application.
• In recent past years, there has been a significant increase in the market share of marine trailer segment for the application of trailer surge brake.

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Competitive Landscape for the Global Trailer Surge Brake Market

Dexter Axle Company, CURT Manufacturing LLC, Demco, TIE DOWN ENGINEERING, Heritage Custom Trailers, PJ Trailers, Croft Trailer Supply, Lippert Components, Inc., Atwood, Rigid Hitch, among others are some of the global trailer surge brake market key players.

The automotive industries across several countries have grown their businesses by branching out into the production of automotive parts, and they have developed into important regional players that collectively account for a sizable portion of the worldwide trailer surge brake market share as well.

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Recent Developments in the Global Trailer Surge Brake Market:

IPA Future, is a U.S.-based manufacturer of trailer tools, which has created a sophisticated diagnostic trailer tester with a few unique uses for fixing surge brake issues. It was specifically constructed for side-mount tool boxes, which is anticipated to increase demand for trailer surge braking systems in the unconventional vehicles.

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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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