Market Research Blog

The discount management software market is projected to grow with a remarkable CAGR of 9.2% during the forecast period 2021-2031. The best way to attract customers and clients attention is offering discounts.

This is managed properly by a company for increasing sales and improving customer relationships. Discount offering also boosts reputation of a company. If the discount is not applied carefully by a vendor, it can have a negative impact on subscription business’ reputation or cash flow. In such scenario, discount management can be an art.

A discount management software is a solution, which is designed to help enterprises optimize cash and earn healthier at the same time. These software help in boosting suppliers’ liquidity and stabilizing supply chain.

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With the help of a discount software, an enterprise can create coupons easily, track the usage and accelerate revenue growth. Such benefits of these softwares will drive the demand of discount management software during the forecast period.

What is Driving Demand for Discount Management Software?

Discount codes are now considered as a marketing technique for promotion of a product by providing a physical or digital code. With the help of this technique, a customer or client receives a discount off on a purchase of product as per certain terms & conditions.

The whole process of creating discount codes is managed by a discount management software. Such factors are contributing to the growth of discount management software globally.

The discount software management is a new standard for promotion marketing. When customers or clients meet promotions using this software, the discount gets automatically applied.

The software reduces the work of a developer and create automatic discounts in a couple of clicks. Thus, the demand of discount management software is growing at a significant rate.

What are the Key Trends for Discount Management Software?

Large enterprises are adapting digital coupons rapidly and taking discount codes marketing in an effective way. They are targeting their customers and attracting them with discount codes online.

With discount management software, enterprises are expanding connection with their customers and also increasing the customer base. They are focusing on new and unique ways through technological advances to entice customers to keep coming back. Such trends will help the discount management software market to grow in upcoming years.

Most of the internet users are installing specific applications for using and finding discount coupons as the way of shopping has totally changed with advanced technology. It will encourage large and small enterprises to adopt discount management software so that customers get all the informations about a discount coupon on a single platform. At the back of these factors, the discount management software is anticipated to grow during the forecast period.

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North America Outlook for Discount Management Software

The global market of discount management software is expected to witness a high growth in North America region. Businesses in United States are adopting discount management software at a significant rate by streamlining and accelerating payables processes.

Due to rise in number of online shopping customers, large enterprises are implementing these softwares to improve visibility and control over cash flow. The region has also a presence of many key players of discount software management. Enterprises are showing a keen interest in discount softwares and setting up their websites with easily accessible discount coupons for new customers.

Europe Demand Outlook for Discount Management Software

The growing application of discount management software in Europe has opened new growth avenues for the market. Most of the customers in the region are choosing smart ways for shopping by browsing multiple websites for discount coupons.

Due to this, e-commerce companies are moving towards the adoption of discount management software for offering various discount amount on specific orders or products. They are also sharing coupons to customers through their websites and email lists. Therefore, such trends in Europe will drive the demand of discount management software in upcoming years.

Who are the Key Discount Management Software Vendors?

Some of the leading vendors of Discount Management Software include

• Chargebee
• Voucherify
• SAP Ariba
• Zoola Tech Inc.
• Zoho Corporation
• Pipedrive
• Freshworks
• Salesforce and others are some of the key players in the market.

Key Segments

By Deployment:

• Discount Management Software
  • Cloud-Based
  • On-Premises
• Services
  • Professional Services
  • Managed Services

By Enterprise Size:

• Large Enterprises
• Small and Mid-Sized Enterprises (SMEs)

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By Region:

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

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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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The global HID ballast market value is expected to decline gradually over the period of 5 years between 2022 and 2027. This market is expected to register a growth rate of -9.8% during the forecasted period.

Global sales of HID ballasts are expected to reach US$ 6.8 billion in 2022, before falling to US$ 3.6 billion by 2027. Increased replacement of HID with new energy efficient LED luminaries is one of the major reasons for the market’s declining growth.

In order to maintain revenue growth, key market players are focusing on expanding their product offerings and providing innovative products in order to gain a competitive advantage, particularly over other local players.

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Global HID Ballast Market: Key Regional Takeaways

• Increasing government investments for the replacement of conventional lighting with energy efficient lighting systems is expected to provide traction in the North America HID ballast market during the forecast period
• Growing adoption and subsequent sales of energy efficient lighting systems for enhanced outdoor brightness in areas such as stadiums and parking spaces is expected to create an opportunity for electronic ballasts over the forecast period
• Rising replacements of tunnel lighting and street lighting as well as a growing trend for decorative lighting is estimated to propel the Latin America HID ballast market throughout the forecast period
• Regional manufacturers are focussing on increasing the illumination efficiency of car headlights. This may influence the application of HID ballast in the automotive sector during the forecast period.

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Global HID Ballast Market: Forecast by Sales Channel

The sales channel segment comprises offline and online segments. Offline sales has been a prominent channel for most of the market players due to the fact that they gain direct access to the customer to portray their offerings. It offers high chances of negotiations and also helps build better business relations. On the other hand growing internet infrastructure is likely to create significant opportunities for market players aiming to capitalise on lucrative opportunities in the untapped markets of several developing nations.

Global HID Ballast Market: Forecast by Product Type

On the basis of product type, global HID ballast market is segmented into electromagnetic ballast and electronic ballast. Electromagnetic ballast technology improves the performance of lighting systems owing to its higher efficiency, optimal lumen maintenance as well as enhanced colour control over magnetic HID Ballast. The electromagnetic ballast segment is estimated to be valued at US$ 1,038.5 Mn in 2022 and this is anticipated to reach US$ 287.1 Mn by the end of 2027. Due to limited usability and subsequently decreasing sales in the global market, the electromagnetic ballast segment is expected to shrink rapidly over the forecast period.

Global HID Ballast Market: Forecast by Application

On the basis of application, the global HID ballast market is segmented into automotive, residential, commercial, industrial, and outdoors. Automotive components manufacturers, mainly headlights and headlamps manufacturers, are focussing on the manufacturing of energy efficient lamps such as HID lamps and LED lamps to enhance the vision of the driver. The automotive application segment was pegged at 64,510 (‘000 Units) in 2021 and is expected to reach 28,327 (‘000 Units) by 2027 end while expanding at a CAGR of -7.5% over the forecast period.

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Global HID Ballast Market: Forecast by Region

The key regions of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are covered in this report. Growing construction infrastructure, a rapidly expanding commercial sector and rising demand for outdoor and parking lighting are providing high traction for the HID ballast market in APEJ.

Global HID Ballast Market: Competitive Landscape

Some of the key leaders operating in the global HID ballast market are Philips Lighting Holding B.V., General Electric Company, Fulham Co., Inc. Villa Industrias, S.A. de C.V., Eaton Corporation

Westinghouse Electric Corporation, Morimoto HID, Satco Products Inc., Howard Industries, Inc., Halco Lighting Technologies, Iris Energy Private Limited, OSRAM Licht AG, HELLA KGaA Hueck & Co., Universal Lighting Technologies, GUANGZHOU FUCHW INDUSTRIAL CO., LTD., Lighting and Power Technologies, LLC, and Advanced Lighting Technologies, Inc.

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Sales of used bikes through bike marketplaces are predicted to witness a moderate growth rate of 4.8% during the forecast years of 2022 to 2032. The net worth of the bike marketplace is expected to reach US$ 2.5 Billion by the year 2032, increasing from US$ 1.53 Billion in the year 2021.

Consumers benefit from the used bike marketplace since they are more affordable than the newly released bikes and in terms of maintenance. Moreover, worsening traffic conditions are said to be a major determining factor for the expansion of the used bike market trends at some level. Furthermore, the growing number of everyday commuters in urban areas is indirectly augmenting the sales of used bikes through bike marketplace opportunities for dealers.

Sales of used bikes through bike marketplaces are mostly found to be proliferating around the used luxury bikes as it provides vendors with a larger profit margin after the sale. Further, OEM engagement in the sales of used bikes through marketplaces has expanded as a result of this higher commission cut for market players during the process.

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This new market research report on the sales of used bikes through bike marketplace also sheds light on the regulatory constraints put up by public administration regarding the environmental impacts of aged automobiles. In the purview of vehicular emission control, many regulatory bodies have imposed mandates over the total lifetime of any vehicle. This rule, in turn, can pose a major challenge for the bike marketplace growth during the forecast period.

Key Takeaways

• The historical size of the global used bike marketplace in the year 2021 is estimated to be around US$ 38.2 Billion.
• The yea-on-year growth rate of the used bike marketplace is found to have improved from that of 4% recorded during the time period covering 2017 to 2021.
• On the basis of distribution channel, customer to customer method of business is the dominating segment with 62.8% contribution.
• Imported bikes accrue almost 63% of the total sales of used bikes through bike marketplace achieved by the global market.
• Bikes with an engine capacity ranging between 150 CC to 200 CC is figured out to be the highest selling segment for the sales of used bikes through bike marketplace.
• In consistent with the fact, super bikes are the most popular segment with 25.2% market share and higher profit margin for the sales of used bikes through bike marketplace.
• Used electric bikes for sale through marketplaces has surfaced to be rapidly gaining traction against petrol bikes, by acquiring nearly 31.7% of the total market in a very short time.

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Key Segments

By Distribution Channel:

• Customer to Customer
• Business to Customer

By Source:

• Domestic Bikes
• Imported Bikes

By Engine Capacity:

• Up to 100 CC
• 100 to 110 CC
• 110 to 135 CC
• 135 to 200 CC
• Above 200 CC

By Type:

• Computer
• Off-Roading
• Sports
• Super Bikes
• Cruiser Bikes
• Others

By Propulsion:

• Petrol
• Electric

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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Competitive Landscape

Some of the market key players includes Droom, CredR, Bikedekho, Bikewale, Mahindra First Choice, Bikers Highway, OLX, Quicker, Use Motorcycle Store, and Bicycle Bluebook among others.

Recent Developments

CredR is a well-known used bike sales online website that has pledged to deliver used bikes to the homes of its customers by the year 2020. Consequently, CredR Care has now become associated with the on-demand doorstep bike service sector that it provides as a result of this new business approach.

Triumph Motorcycles, based in the United Kingdom (UK), has announced the launch of a used premium bike programme especially for the Indian market and consumers in 2019. In addition, the company also wants to provide clients financing alternatives for its reconditioned or refurbished products to further attract potential buyers.

Top Reports Related To Automotive Market Insights

Aircraft Pushback Tugs Market : are slated to rise at a steady CAGR of 5.4% during the forecast period between 2022 and 2032, totaling around US$ 6.5 Bn by 2032.

Automotive Grade Inductors Market : demand is anticipated to be valued at US$ 2,800 Million in 2022, forecast to grow at a CAGR of 3.20% from 2022 to 2032, to be valued at US$ 3,836.56 Million. As of 2021, the market was valued at US$ 2,759 Million, and is poised to register a Y-o-Y growth rate of 1.5% by 2022.

Automotive NFC Market : is expected to reach US$ 35 Billion by 2032 while displaying a CAGR of 30.2% during the timeframe of 2022 to 2032. The market is estimated to be valued at US$ 3.26 Billion in 2022 and US$ 2.5 Billion in 2021.

Electro-Pneumatic Train Brakes Market : is expected to be valued at US$ 9,050 Million in 2022, reaching US$ 14,600 Million by 2032, growing at a CAGR of 4.9% from 2022 to 2032.

Automotive MEMS Sensor Market : is expected to garner a market value of US$ 2.41 Billion in 2022 and is expected to register a CAGR of 15% by accumulating a market value of US$ 9.75 Billion by the end of the assessment period 2022-2032.

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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The gas circuit breaker market worth will total US$ 621.2 Mn in 2021, as per Future Market Insights (FMI) analysis. Overall gas circuit breakers sales are expected to grow at a CAGR of 3.9% between 2021 and 2031 in comparison to 3.5% CAGR registered between 2016 and 2020.

Some of the market’s leading circuit breaker players are attempting to strengthen their market position by focusing on advanced launches and thus expanding their product portfolio.

For example, for the first time, Borsa Istanbul announced the launch of its new index-based circuit breaker function in 2020. When compared to the previous closing value, the device will exercise dynamically by halting the session.

Following rising consumer demand, several other manufacturers in the market are also jumping on board. Their efforts to meet the changing consumer demand will generate market growth opportunities.

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Global Gas Circuit Breaker Market: Dynamics Impacting Future Growth

Various aspects have contributed to the growth of the global gas circuit breaker market. Gas circuit breaker acts as an effective alternative compared to conventional methods like oil circuit breaker and fuse, increasing the use of gas circuit breaker for high voltage applications, rapid industrialization, and urbanization driving the need for the establishment.

New transmission grids, increasing renewable energy projects and use of medium voltage circuit breakers, significant investment by the government in the power transmission and distribution sector coupled with rapid growth in these sectors, irregular flow of current in certain regions owing to poor infrastructure driving the need for protection of circuit through circuit breakers, and trend such as a focus on reduction of several interrupters, the evolution of hybrid gas breakers to reduce the environmental impact of SF6 and focus on low maintenance based circuit breakers have contributed to the growth of the global gas circuit breaker market.

Increasing penetration of alternative technologies, such as vacuum circuit breakers, stringent regulations about the use of sodium hexafluoride gas is a major contributors to the greenhouse effect, reluctance to install new equipment and electrification projects, high cost associated with the use of SF6 gas circuit breakers, lack of standardised testing for ultra-high voltage gas circuit breakers and low replacement rate are hindering the growth of the global gas circuit breaker market.

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Global Gas Circuit Breaker Market: Segmentation Snapshot

The global gas circuit breaker market is segmented based on voltage rating, configuration, technology, end-use and region.

• By Voltage Rating, the above 800 kV segment is the largest segment with a high market share. However, the 252-550 kV segment is projected to grow at a high rate to register a value CAGR of 5.3% throughout the period forecast
• By Configuration, the single interrupter segment is a high growth segment contributing largely to the growth of the global market. It is estimated to reach a value of more than US$ 530 Mn by the end of 2031
• By Technology, the live tank type segment is highly lucrative with high growth potential. This segment is projected to grow at a high comparatively high CAGR and also reflect a high market valuation by the end of the period of assessment, thus leading the global market
• By End Use, the industrial segment is expected to dominate the global market with a high market value. The commercial segment is poised to register a high-value CAGR of 5.2% throughout forecast
• By Region, Asia Pacific excluding Japan (APEJ) is the largest with high market attractiveness. The gas circuit breaker market in the APEJ region is expected to grow at a high-value CAGR of 5.8% during the forecast period

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Global Gas Circuit Breaker Market: Competitive Analysis

The research study on the global gas circuit breaker market includes a detailed competitive assessment that includes key players such as ABB Group, General Electric, Toshiba Corporation, Hyosung Corporation, Siemens AG, Schneider Electric SE, Hitachi Ltd., Kirloskar Electric Company Ltd., CG Power and Industrial Solutions Limited, Fuji Electric Co., Ltd., HICO America, Nissin Electric Co., Ltd., Elimsan Switchgear Equipment & Electromechanical Industry And Trade Inc., New Northeast Electric Group High Voltage Switchgear Co., Ltd., Mitsubishi Electric Corporation, Koncar-Electronics and Informatics Inc., Hyundai Heavy Industries Co., Ltd., Siyuan Electric Co., Ltd., Stelmec Limited and ALSTOM SA.

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According to FMI, the global chilled beam systems market will be worth US$ 308.5 million in 2021. Because of the increasing adoption of chilled beams systems in healthcare facilities, corporate offices, and universities across various countries, the market is expected to grow at a steady pace, with a 5.5 % CAGR.

Smart cities, healthcare facilities, and residential and commercial space renovation are also expected to drive market growth in emerging economies like India, China, Mexico, and Brazil.

In 2020, chilled beam systems market experienced decelerating sales due to the COVID-19 outbreak. However, FMI projects a positive demand outlook as the market experienced year-over-year growth at 3.9% between 2020-2021 with sales projected to reach 175’000 units during the forecast period.

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As per FMI’s regional market survey, the U.S. is anticipated to dominate the North America chilled beam systems market. Being a relatively new ventilation concept, adoption of chilled beam systems is expected to grow at a steady pace. Apart from this, expansion of residential, corporate, and healthcare infrastructure will continue spurring demand for chilled beam systems in the U.S.

“Growing demand for energy-efficient solutions in construction projects, coupled with advanced after-sales services offered by chilled beam system market players, will create attractive prospects for the expansion of the global chilled beam systems market,” says the FMI analyst.

KEY TAKEAWAYS:

• Based on product type, concealed chilled beam systems are projected to dominate the segment.
• In terms of design, sales of standard chilled beam systems are anticipated to remain high through 2031.
• Corporate offices will account for maximum applications of chilled beam systems in the forthcoming years.
• The U.S. is anticipated to lead the chilled beam systems market due to growing demand for energy-efficient ventilation solutions in the country. FMI projects the North America chilled beam systems market to grow at a 5.6% CAGR.
• The U.K. is expected to exhibit high demand for chilled beam systems, owing to rapid expansion in the hospitality and education sectors. The European chilled beam systems market is projected to expand at a 5.3% CAGR.
• Being one of the key exporters and producers of chilled beam systems, Germany will emerge as a lucrative market during the forecast period.
• Rapid development of smart cities and increasing adoption of modern cooling systems in India will place it as an attractive market through 2031.
• South Korea and Japan will collectively account for 9% of the total market share.

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Compititive Landscape:

As per FMI’s market analysis, top 5 players operating in the chilled beam systems market comprise SAS International Limited, Lindab International AB, Halton Group, Trox GmbH, and Caverion Corporation, holding 58.5% of the total market share.

Prominent players operating in the chilled beam systems market are emphasizing strategic collaborations and partnerships to expand their global footprint. Apart from this, product portfolio expansion and robust aftersales services will remain key growth strategies among leading players. For instance:

• In August 2021, Johnson Controls, a global leader in smart and sustainable building solutions, announced a strategic collaboration with Apollo Global Management, a leading global asset manager, to provide sustainable and energy-efficient solutions various sectors to address decarbonization and high operational costs in buildings.
• In July 2021, Caverion Corporation acquired GTS Immobilien GmBH, a leading building automation service provider in Austria. Through this acquisition, Caverion is aiming to strengthen its market position in smart technologies and building automation solutions for diverse end-uses.

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More Insights into the Chilled Beam Systems Market Report

In its latest report, FMI offers an unbiased analysis of the global chilled beam systems market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (concealed, exposed, and recessed), design type (standard and customized), end-user type (educational institutions, healthcare facilities, hotels/restaurants, and other institutions including military, residential and industrial), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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The global electric vehicle sensor market is anticipated to expand at a CAGR of 16.6%, reaching a valuation of more than US$ 37.1 Bn by 2032.

Key factors driving demand for EV sensors include rising global electric vehicle production, the establishment of stringent regulatory rules, growing demand for vehicle electrification, and increasing preference for comfort and safety in vehicles.

Electric vehicles have developed throughout time as a result of technological advancements. These vehicles now include upgraded electronics that are powered by the vehicle’s battery pack for a variety of purposes. Technical advancements include changes in temperature, current, and pressure. Changes in temperature and load have been proved to be a concern for electric vehicles.

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As a result, they are constantly examined to guarantee that any change outside of their usual operating range is noticed and modified while the vehicle is being driven. The need for EV sensors is expected to increase over the forecast period, driven by the aforementioned factors.

Rising demand for luxury automobiles has increased the use of sensors in EVs. Besides this, as growing preference for improved vehicle safety features in passenger as well as light commercial vehicles will augment the growth in the market.

“Increased electric vehicle production, technological improvements, and growing popularity of ADAS in passenger vehicles will continue pushing sales of electric vehicle sensors over the forecast period,” says an FMI analyst.

Key Takeaways:

• Based on product type, sales of positions sensors are estimated to increase at a 17.5% CAGR through 2032.
• In terms of sales channel, the OEM segment will hold 93% of the total market share in 2022.
• By propulsion, BEVs are projected to account for more than 70% of the total market share in 2022.
• By 2032, East Asia is anticipated to dominate the market, holding a share of 43%.
• China is estimated to create an absolute dollar opportunity of more than US$ 11.4 Bn.

Competition Landscape

Key electric vehicle sensor manufacturers are introducing the most cutting-edge technologies. In addition to this, collaborations, acquisitions, and mergers are expected to remain prominent growth strategies adopted by leading players.

Some of the key electric vehicle sensor manufacturers are Analog Devices Inc., Denso Corporation, Amphenol Advanced Sensors, Infineon Technologies AG, Allegro MicroSystems, LLC, ams AG, Kohshin Electric Corporation LEM, Renesas Electronics Corporation, Sensata Technologies, STMicroelectronics, Melexis, Texas Instruments Incorporated, Vishay Intertechnology Inc, NXP Semiconductors and others.

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Key Segments Covered in Electric Vehicle Sensor Industry Analysis

Product Type:

• Temperature Sensors
• Current Sensors
• Position Sensors
• Pressure Sensors
• Speed Sensors

Sales Channel:

• OEM
• Aftermarket

Propulsion:

• Battery Electric Vehicles (BEVs)
• Hybrid Electric Vehicles (HEVs)
• Plug-In Hybrid Electric Vehicles (PHEVs)

Region:

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

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Electric Vehicle Sensor Market Projection

Increased use of position sensors in the electric vehicle industry, increase in demand for automotive sensors in hybrid and electric cars and rise in use of custom made electronic devices are the most notable factors driving the electric vehicle sensor market growth. Technological advances and expansion in the automotive industry are projected to provide profitable prospects for the market internationally. During the forecast period, each of these factors is expected to have a significant impact on the automotive sensor market.

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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Global Automotive Interior Ambient Lighting System Market : to grow with a year-on-year growth of 4.1% in terms of value in 2022 reaching a value of about US$ 3,066.0 Mn by 2022 end. The global business is anticipated to witness a considerable CAGR of 5.4% by value during the period of 2022 and 2030.

Automotive Composites Market : was valued at US$ 8.17 Bn in 2021 and is expected to reach US$ 12.35 Bn by 2029, registering a CAGR of over 5.30% during the forecast period (2022-2029).

Automotive Active Roll Control System Market : are expected to record a steady CAGR of 4%, reaching a valuation of US$ 4.5 Bn during the forecast period of 2022-2032.

Automotive Structural Steel Market : was valued at US$ 120.49 Billion in 2022 and is expected to grow at a CAGR of 3.5% in terms of revenue between 2022 and 2032, reaching US$ 169.97 Billion by 2032.

Weigh in Motion System Market : is expected to expand its roots in the global market at a moderate CAGR of 10.3% during the forecast period. The global market holds an estimated revenue of US$ 1.04 Bn in 2022 and is likely to cross US$ 2.55 Bn by the end of 2032.

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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The three-wheel e-scooter market is expected to escalate at a CAGR of 2.4% from USD 1024.2 Million in 2022 to USD 1301.4 Million through 2032.

The rising use of electric scooters throughout the world is driving the three-wheel e-scooter market’s growth, primarily to outcomes such as lower noise levels, cheap servicing costs, and remarkable mechanical performance.

Governments are also providing monetary and non-monetary incentives, which are driving the three-wheel e-scooter market forward. Consumers are becoming more aware of the ecological impact of traditional modes of transportation and are transitioning to electric vehicles. This is leading to a new opportunity in the changing three-wheel e-scooter market trends.

However, various restrictions are limiting the demand for three-wheel e-scooter progress. The lack of charging points, as well as concerns with energy capacity and endurance, are some of the reasons limiting the development of the global three-wheel e-scooter market.

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Following the implementation of emission standards around the world, demand for three-wheel e-scooter is increasing. Regional and international institutions are investing significantly in research and development, which is believed to improve the global three-wheel e-scooter market.

The rise in adoption of three-wheel e-scooter is being accelerated by rising fuel prices. The three-wheel e-scooter market is expected to grow due to the high utility of three-wheel e-scooters which come in a variety of models and capabilities. Government initiatives to provide appealing discounts on three-wheel e-scooter are projected to increase the adoption three-wheel e-scooter globally.

KEY TAKEAWAYS:

• The European three-wheel e-scooter market will command the largest portion of the market. The rapid development of infrastructure and the industrialisation of new technologies are boosting the growth of the European demand for three-wheel e-scooter.
• In 2019, the 36V segment accounted for more than 60% of the three-wheel e-scooter market’s The 36V battery segment’s supremacy can be ascribed to its strong power output and compatibility with electric scooters.
• Retro is predicted to be the most profitable area based on application. This is related to a move toward green vehicles for short-distance travel.
• Due to its durability and low cost, sealed lead-acid batteries dominated the industry in 2021, accounting for about 62 percent of total sales of three-wheel e-scooter.

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Key Segments

Battery Type:

• Li-Ion
• Ni-Mh
• Lead Based
• Others

Technology:

• Plugin
• Battery

Price Range:

• Below US $ 200
• US $ 200 – 375
• US $ 375.1 – 750
• US $ 750.1 – 1100
• Above US $ 1,100

Distribution:

• OEM
• E-Commerce
• Others

End Use:

• Personal
• Rental
• Law Enforcement

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COMPETITIVE LANDSCAPE:

Key companies profiled in the sales intelligence software market report include Invacare, Hero Moto Corp, Sunrise Medical Inc., Golden Technologies, Afikim Electric Vehicle, Pride Mobility Products, MERITS Co. Ltd, Energica Motor Company S.p.A., Hoveround Corporation, UK Mobility Group Ltd, VAN OS Medical UK Ltd, and EV Rider LLC.

To extend their market share, leading three-wheel e-scooter market players are focused on various strategic planning such as research and innovation, consolidations, and the introduction of new products.

The research offers a detailed competition analysis of these top sales intelligence software market competitors, including company biographies, recent developments, and important sales intelligence software market strategies.

RECENT DEVELOPMENT:

• Due to increased demand, Hero Electric (India) increased the capacity of its new production facility in Ludhiana (India) in September 2021. By Q2 2022, the company has increased production capacity from 1 lakh to over 5 lakh automobiles.
• In August 2020, Okinawa Autotech introduced the R30, a low-speed electric scooter with a top speed of 25 kilometres per hour.

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The report estimates global tower crane industry to grow at nearly 4.8% during 2021-2031. The report offers analysis in 20+ high-growth markets, providing detailed insights on tower cranes market growth will evolve in the next decade.

Global tower crane sales are set to be valued at US$ 19.3 Bn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

The recessionary effects of COVID-19 on construction activities slowed demand for tower cranes in 2020, resulting in a delay in new and rental sales of tower cranes. However, with the exception of a few countries, construction activity has resumed at a healthy pace following the second quarter of the fiscal year. With the sector in recovery mode, the market’s immediate and long-term growth outlook for Tower Cranes remains positive.

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The study examines demand for tower cranes. The global tower crane market has been examined in terms of covid-19 impact, macroeconomic factors, market trends, and market history. According to FMI’s research scope, the market has been analysed by applications, customers, and regions. The report gives us qualitative and quantitative information on various players in the market. Also, this report tracks the market by both supply side and demand side.

Key Takeaways From Tower Cranes Market Study

1. Following negative returns amid COVID-19, the tower crane market is forecast to register a little below 4% Y-o-Y growth in 2021
2. The U.S. will continue accounting for maximum sales in North America, holding over 85% of regional market share
3. The U.K. market is likely to register 3.7% Y-o-Y growth in 2021 backed by recovering construction activities
4. The demand from Germany and France will account for considerable sales within Europe
5. China will emerge dominant in East Asia, while Japan and South Korea markets will continue exhibiting growth at a positive pace.

 “Increasing investment in commercial construction as well as in the construction of civic in recent years is expected to provide an impetus to tower cranes sales. Rental base sales will continue to have a greater weightage as against direct ownership based procurement. Competitive price offering, increase in end user satisfaction on the performance, use of advanced technologies are the key strategies adopted by manufacturers operating in the market,” says FMI analyst.

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WHO IS WINNING?

Tower crane market is likely to grow at a moderate pace during 2021-2031. However, as it is a mature market hence companies are expected to concentrate increasingly on research and development activities. This will be aimed at developing more in the field of construction equipment that meet personalized requirements of consumers. Collaboration with regional construction contractors or construction companies as a prime strategy expected magnify in the forecast period.

Compititive Landscape:

The tower crane market is moderately competitive, with presence of large number of players operating in the market. Some of the players are focusing to carve a niche for specific demography. The market has been benefiting from robust partnerships with high focus on innovations. This has led to a series of tower crane launches in the last few years.

For instance:

• In 2020, Potain launched a tower crane focusing on home building and high-rise.
• Comansa has recently launched the largest crane, called 21CM750, manufactured at its plant in Hangzhou.

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Some of the leading companies operating in the market are:

• Zoomlion Heavy Industry Science & Technology Company Ltd.,
• Xuzhou Construction Machinery Group Co., Ltd.,
• Liebherr,
• Terex Corporation,
• Manitowoc,
• Sany Group,
• Action Construction Equipments,
• Konecranes,
• Raimondi,
• Comanasa S.A.

Facing challenges such as high cost of the equipment, setup time, and safety of the workers has always been one of the prime concerns of end users. Against this backdrop, some of the leading manufactures within the market are focusing on the development for enabling easy maneuverability of the tower cranes coupled with increasing the production capabilities.

Some of them already have developed and launched advanced tower cranes in the market and several others are likely to follow the suit to keep pace with dynamic market environment. According to FMI’s analysis, tower crane sales have grown at 0.4% CAGR between 2016 and 2021.

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