East Asia commercial booster pumps market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2022-2032

The East Asia commercial booster pumps market is anticipated to provide highly rewarding opportunities for commercial booster pump manufacturers over the forecast period. In 2022, the market in this region holds a significant market share of 23.3% in the global industry landscape. Increasing urbanization and rising population are expected to be the major factors governing market potential in this region.

Second, to East Asia, the commercial booster pumps market in Europe follows closely accounting for a market share of 22.4%. The presence of key commercial booster pump manufacturers is anticipated to be a major factor propelling market potential in this region. Germany is expected to be a highly rewarding market for the sales of commercial booster pump systems in this region.

The market for commercial booster pumps in South Asia and the Pacific accounts for a market share of 18.7% in the global marketplace, and demand for industrial water pressure booster pumps is predicted to be high in this region.

According to the latest study published by Future Market Insights (FMI), the key factors encouraging growth in the global commercial booster pumps market include surging investment toward bettering water infrastructure, coupled with the demand for advanced HVAC systems.

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The report has estimated the market’s valuation as of 2022 at US $5.41 Bn. It is also forecast to expand at a CAGR of 8.1% between 2022 and 2030. The rising demand for corrosion-resistant pumps along with smart monitoring and controlling are creating lucrative prospects for the market’s growth.

The report offers a comprehensive market overview, offering insights into the prevalent factors. Some of the key takeaways from the report are highlighted below.

Key Takeaways from the global commercial booster pumps market study:

  • Commercial booster pumps are dominating traditional pumping systems owing to its features of live monitoring and controlling, easy installation, and vibration-free operations.
  • Customized booster pumps having increased efficiency are attracting end-use industries such as aerospace, mining, and food processing
  • Both East Asia and Europe have emerged as lucrative markets for commercial booster pumps. In South Asia, the market will witness high demand from countries such as India and Thailand owing to the increasing investments made by the governments towards the development of water infrastructure
  • Growing applications in end-use industries have created a significant demand for customized booster pumps as per the specific use in the industry. Fewer moving parts, no valves or seals are some of the customizations preferred across industries

“The increasing demand for water has led to a positive development in different water technologies which have made the commercial booster pumps industry competitive. Consumers are also looking for corrosion and chemical-resistant pumps for application across various end-use industries. Hence, booster pumps are gaining traction across various end use industries and are creating positive prospects for the market growth.” says FMI analyst.

Covid-19 impact analysis:

The ongoing pandemic has put a dent in the global economy causing many economic activities to come to a halt. This has also caused a significant plunge in the commercial booster pumps market growth. Many challenges are encountered in the areas of the supply chain, communication, imports and exports, tariffs, and currency fluctuations.

These challenges have created an unstable economic environment and a negative impact on the growth of the booster commercial pumps market. However, as the economic activities are slowing resuming, the commercial booster pump market is also expected to witness a sharp recovery.

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Commercial booster pumps market competitive landscape:

The Commercial Booster Pumps Market is moderately consolidated, in which the leading players account for more than one third of the market share. The penetration of small regional players will make this market more competitive in the forecast period. Some of the key players in the market are Grundfos, Xylem Inc., KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., WILO SE, Gorman Rupp Pump Company, Torishima Pump Mfg. Co., Ltd. among others. These players have higher shares in the global market, and have longstanding relationships with a number of leading end users, giving them an upper hand among their peers.

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

 

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Industrial Nailers Market Projected to Increase at a CAGR of 7.9% & Attain a Valuation of US$ 1.15 Bn by the End of 2030, Says FMI

Global demand for industrial nailers is likely to grow at nearly 7.9%, with end-users showing a marked preference for cordless industrial nailers. A new study by ESOMAR-certified firm, FMI, offers detailed insights on key factors likely to influence the industrial nailers market in the long run. Industrial Nailers Market is expected to reach US$ 629.6 Mn in 2022, likely to surge at a vigorous 7.9% CAGR during the assessment period 2022 to 2030.

Key Takeaways from FMI’s Industrial Nailers Report

  • US and East Asian countries will remain epicenter of growth, accounting for over 50% of the revenue share by 2030
  • Cordless industrial nailers will outsell pneumatic variants
  • Framing & sheathing nailers to capture nearly a quarter of the revenue share
  • Automatic nailers are projected to surge in popularity, gaining 170 BPS from 2020-2030
  • Furniture segment to generate an incremental $ opportunity worth US$ 153 Mn

“Concerns regarding injuries while using industrial nailers are prompting vendors to introduce enhanced safety features within their products, thus reducing accidents,” concludes the FMI analyst.

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COVID-19 Impact Analysis

The COVID-19 pandemic is slated to have a debilitating impact on world economic growth projections for FY 2020-2021 or possibly even longer. As economic activities of all countries have almost come to a standstill, major supply chain disruptions are on the cards.

The maximum brunt of this shortfall is being felt by the automotive and construction industries, both exhaustive users of industrial nailers. Mandatory social distancing protocols to curb the virus’s spread has compelled major construction and automobile manufacturers to cease all on-site projects, leading to reduced output.

Falling production levels across the aforementioned industries have also reduced demand for pneumatic, cordless and gas-powered industrial nailers. This is expected to impede the revenue prospects of the market in the short-term forecast period.

While the conservative estimates pegs recovery between the next 8 to 14 quarters, the optimistic scenario projects growth to rebound within the next 5 to 8 quarters. Slowdown shall be moderate as consumers are relying on their own carpentry skills to repair their furniture, keeping demand sustained to a significant extent.

Competitive Landscape

The global industrial nailers market is highly consolidated, with top-notch players relying on product launchers, divestures and acquisition of rival players to stay afloat. These include Stanley Black & Decker, Illinois Tool Work Inc., MAX Co. Ltd., Koki Holdings America Ltd., and Robert Bosch Power Tools GmbH.

In 2018, MAX USA CORP. released the New PowerLite High-Pressure Coil Framing Nailer. This nailer has power to drive nails through engineered lumbers such as laminated strand lumber (LSL) and laminated veneer lumber (LVL) respectively.

In 2019, Stanley Black & Decker divested its Sargent and Greenleaf mechanical locks business within the security segment. In 2020, Everwin Pneumatic Corp launched a new product for industrial coil nailers known as PN59 for the automotive segment.

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Industrial Nailers Industry Survey

Industrial Nailers Market by Category:

  • Pneumatic Industrial Nailers
  • Cordless Industrial Nailers
  • Gas-powered Industrial Nailers

Industrial Nailers Market by Product:

  • Brad & Pins
  • Coils
  • Roofing
  • Framing & Sheathing
  • Flooring
  • Sliding & Fencing
  • Others
  • Industrial Nailers Market by Operation:
  • Handheld Industrial Nailers
  • Automatic Industrial Nailers

Industrial Nailers Market by Nail Length:

  • Less than 20 mm
  • 20 to 40 mm
  • 40 to 60 mm
  • 60 to 80 mm
  • Above 80 mm

Industrial Nailers Market by Application:

  • Furniture
  • Millwork
  • Pallets & Crating
  • Leather Goods Manufacturing
  • Steel Skids
  • Construction & Framing
  • Automotive Interiors
  • Others

Key Questions Answered in the Report

  • At what rate will the industrial nailers market grow?
  • How big is the global industrial nailers market?
  • What are the key trends in the industrial nailers market?
  • Which region holds the largest share in the global industrial nailers market?
  • Who are the top players in the global industrial nailers market?

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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Analytics Of Things Market Outlook, Current and Future Industry Landscape Analysis 2026

Analytics of Things is the analysis of the data which is generated through internet of things devices. Moreover, analytics of things is vital to make the connected devices smart and to provide the devices the capability to make intelligent decisions. Also, analytics of things recommends that analytics are essential to derive connected devices smart and for them to make an intelligent exploit.

There are various groups of analytics of things, including analysis for variation and the understanding patterns, optimization by analysis of a procedure, predictive asset maintenance, and detection of anomalies, situational awareness and prescription. Analytics of things provide solutions to enterprises in confirming the devices connected to internet work more are smarter and efficiently.

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The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis include

  • North America (U.S., Canada)
  • Latin America (Brazil, Rest of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Rest of Western Europe)
  • Eastern Europe (Poland, Russia, Rest of Eastern Europe)
  • Asia Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC countries, S. Africa, Rest of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

Analytics of Things Market: Market Segmentation

The analytics of things market is segmented into five parts based on the deployment type, service type, by industry verticals type, application type, and geography.

Based on the deployment type the analytics of things market is segmented into:

  • On-demand
  • On-premise

Based on the service type the analytics of things market is segmented into:

  • Deployment and Integration
  • Support and Maintenance
  • Consulting Services
  • Managed Services

Based on the industry verticals type analytics of things market is segmented into:

  • Healthcare
  • Telecommunications & IT
  • Retail
  • Healthcare
  • Manufacturing
  • Government & Defense
  • Energy & Utilities
  • Transportation & Logistics
  • Others

Based on the type of application analytics of things market is segmented into:

  • Energy Management
  • Predictive Maintenance and assets management
  • Inventory Management
  • Security and Emergency Management
  • Sales and Customer Management
  • Building Automation
  • Infrastructure Management
  • Remote Monitoring
  • Others

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Analytics of Things Market: Key Players

Some of the few players identified in the analytics of things market are:-

  • Accenture Plc
  • Capgemini
  • Agt International
  • GE
  • Google, Inc.
  • Cisco Systems, Inc.
  • Intel Corporation
  • Hitachi Data System
  • International Business Machines Corporation
  • Microsoft Corporation
  • Oracle
  • PTC
  • Salesforce.Com
  • SAP SE
  • Tibco Software, Inc.
  • Others

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

EV Sensors Market – Future Scenario, Key Insights, Top Companies 2031

According to research, the EV sensors market is projected to witness growth of over 9% to 11% CAGR during the assessment period of 2021 to 2031. The major factors driving the demand of EV sensors are increased global electric vehicle production, increased demand for vehicle electrification, the formulation of stringent government regulations, and increased consumer demand for safety and comfort in vehicles.

What is Driving Demand for EV Sensors?

Electric vehicles have improved throughout time as a result of technology developments. These electric vehicles now have newer electronics that are powered by the vehicle’s battery pack for various functions and functionality.

Temperature, current, and pressure variations are among the technological advancements. Electric cars have been found to be susceptible to a variety of temperature and load variations. As a result, these are constantly monitored to guarantee that any increase or reduction outside of their normal operating range is noticed and corrected while driving the car. This is expected to fuel the EV sensors demand.

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The EV sensors market expansion can be attributed to a number of factors, including rising demand for premium vehicles, which has led to an increase in the use of sensors in EVs, increased government and consumer pressure to develop vehicle safety features, and an increase in the number of electronic components in EVs.

The market for luxury automobiles has increased as a result of growing desire for greater quality, increased performance, increased comfort, and new design and technology. Original equipment manufacturing companies have put more than 100 separate sensors in high-end electric automobiles. Inside the engine control unit, these sensors normally function in tandem with microcontrollers and embedded systems.

There is also an increase in the number of ECUs due to rising customer demand for automobiles with more features, which is likely to raise demand for more technologically advanced sensors at the same time.

In addition, OEMs are incorporating a variety of sensors into their vehicles to suit client expectations for better productivity and reduced vehicle downtime. The demand for enhanced sensing techniques will rise as the demand for driver-assistance systems that focus on increasing safety and comfort grows. Furthermore, advances in traditional sensors and sensing systems are projected to improve the vehicle’s performance, precision, and reliability. Hence the EV sensors market will grow substantially.

Furthermore, as the number of electronic components in vehicles grows, so does the integration of various sensors, which are used in EV electronic systems, battery management systems, and transmission systems, among other things. Increased electric vehicle production, technological advancements, industry restrictions, and changing customer tastes are all likely to enhance demand for EV sensors leading to the growth of the EV sensors market.

US and Canada Demand Outlook of EV Sensors

Due to the quickly increasing electronics market and spike in sales of electric vehicles in the region, North America has maintained the greatest position in the global electric vehicle sensors market in recent years.

The United States is one of the world’s most important car manufacturing hubs. Furthermore, regional economic growth has a beneficial impact on electric vehicle sales. Furthermore, in order to suit the diverse wants of next-generation consumers, demand for electric vehicles is skyrocketing in the region, fueling total market growth.

Europe Demand Outlook for EV Sensors

Europe is the world’s second-largest market for EV sensors, and it is likely to remain so during the projection period. EV sensors are built into every car and are used to detect, transmit, analyze, record, and display vehicle performance data in the vehicle’s internal and exterior environments. The need for EV sensors is predicted to rise significantly during the forecast period, owing to the rising popularity of vehicle automation and the growing demand for connected automobiles in the region.

As a result of amendments to the vehicle safety system in the General Safety Regulation (EC) No. 661/2009, new safety features such as lane departure warning systems, advanced emergency braking systems, driver seatbelt reminders, TPMS, and others have become mandatory for every car, van, truck, and bus sold in the EU. The extensive use of these systems has paved the path for the widespread employment of electric vehicle sensors in them.

Who are the Key Manufacturers and Suppliers of EV Sensors?

Some of the leading manufacturers and suppliers of EV sensors include Denso Corporation, NXP Semiconductors, Allegro MicroSystems, Inc., Renesas Electronics Corporation, ams AG, STMicroelectronics, Amphenol Advanced Sensors, Sensata Technologies, Inc., Analog Devices, Inc., Infineon Technologies AG, Kohshin Electric Corporation, Texas Instruments Incorporated, LEM, TE Connectivity, Melexis and others.

  • In March 2021, Allegro MicroSystems, Inc. announced a new coreless Hall-effect current sensor for demanding EV that offers higher accuracy and sensitivity, additional fault detection capabilities, and user programmability.
  • In April 2020, The Coolant Leak Detection Sensor from Amphenol Advanced Sensors was made available for use in Electric/Hybrid Electric Vehicles to detect the presence of water and coolant in the battery pack enclosure.

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Key Segments

By Product Type

  • Temperature Sensors
  • Current Sensors
  • Position Sensors
  • Pressure Sensors
  • Other Sensors

By Propulsion

  • BEV
  • HEV
  • PHEV

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Sales Channel

  • OEM
  • Aftermarket

By Region

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

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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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Engine Tuner Market is Set to Experience Revolutionary Growth by 2031

According to latest research, engine tuner market is anticipated to advance at a steady growth of approximately 3.8% to 4.2% CAGR during 2021 to 2031. During the forecast period, rising automotive sales and rise in use of sporting events as well as increase the performance of the vehicle, will drive up demand for engine tuner market.

What is Driving Demand for Engine Tuner?

Engine tuning is the process of fine-tuning or modifying an internal combustion engine or its control unit to achieve peak performance and improve the engine’s efficiency, economy, or longevity. Tuning can comprise a wide range of adjustments and modifications, from simple carburettor and ignition system adjustments to complete engine overhauls. Tuning an engine’s performance may entail revisiting some of the design decisions made during the engine’s development.

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The market will benefit from the increased demand for high-performance engines, particularly diesel models. As a result of this, vehicle owners have grown more aware of the benefits and drawbacks of remapping. There has been an upsurge in demand for car tune and engine tuning. As result of this, many new vehicle models have had success with engine tuning facilities to solve problem with exhaust gas recirculation systems.

The discovery of engine tuning has aroused the curiosity of both car fans and racers. This has helped regulated engine tuning service dealers in a number of developing countries throughout the world. They want to get the best power-to-fuel efficiency ratio possible. This is done by gaining access to the on-board diagnostics ports and, in most cases, overwriting the existing settings. This is commonly referred to as OBD tuning, and it is gaining popularity among engine tuners.

Demand from High Performance as well as Fuel Efficient Vehicle Positively Affecting Growth

The demand for engine tuner in automotive sector is creating different opportunities for engine tuner manufacturer and service providers. These vehicles done with engine remapping are increasing as vehicle owners become more aware of the value for remapping and tuning services which help in improving engine efficiency. Many car owners seek the engine remapping to improve their vehicle performance, which includes increasing engine speed, fuel efficiency, torque, superior handling and responsiveness.

Despite the large initial investment necessary for engine tuning and remapping services, they are likely to grow in popularity as a result of the growing need to increase engine performance, which will help them cut operating costs and fuel consumption and improve operational margins. Engine tuning and engine remapping services will continue to see considerable growth due to the development of a number of new competitors, as well as rapid technology advancements across regions.

North America Engine Tuner Sales Outlook

North America is estimated to be one of the prominent region globally. The U.S market is set to account for substantial share in global market during the assessment period 2021-2031.

Engine tuning and engine remapping services will continue to increase due to the presence of some of the industry’s major companies, as well as rapid technological advancements in automotive technology. Because of the engagement of a number of well-known players in these regional markets, they’ve gained traction. The rapidly growing popularity of passenger vehicle engine tuners has increased income capacity in these areas.

Europe Engine Tuner Demand Outlook

During the projection period, Europe is expected to increase at a stable pace. The growth in automotive components in the cars in this region, increasing vehicle numbers and strong aftermarket are the major factors for the increasing demand for engine tuner.

The United Kingdom and Germany, as Europe’s largest shareholders, are seeing an increase in demand for passenger cars and commercial vehicles. Manufacturers have been steadily expanding their consumer base in the United Kingdom in recent years. With Germany’s automotive sector continuing to flourish, demand is projected to rise. As the number of vehicles on the road increases, drivers in the country are looking for excellent performance.

Who are the Key Manufacturers and Suppliers of Engine Tuner?

Some of the leading manufacturer and suppliers of engine tuner include Derive Systems, Cobb Tuning, Alientech SRL, Roo Systems, EFI Live, Magic Motorsports, Edge Products, Mountune, Autotuner, Flashtec SA, Quantum Tuning and others.

Engine tuner is supplied by several leading manufacturers and supplier under long-term contracts with end-user. Furthermore, manufacturers are focusing on expanding their manufacturing facilities in Europe and North America in order to meet the region’s growing demand.

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Key Segment

By Fuel Type

  • Gasoline
  • Diesel

By Application

  • Passenger vehicle
    • Hatchback
    • Sedan
    • SUV
  • Commercial vehicle
    • Light commercial vehicle
    • Heavy commercial vehicle
    • Buses & coaches

By Sales Channel

  • OEM
  • Aftermarket

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Hospital Capacity Management Solutions Market Is Projected to Grow Significantly to Reach US$ 1.58 Billion By 2030

FMI, an ESOMAR-certified market research firm, states that the global hospital capacity management solutions market will reach US$ 1.08 Bn in 2022, growing at 4.9% y-o-y in 2022.

Adoption of hospital capacity management solutions is seen amongst large patient care facilities for rendering a smooth workflow in terms of downtime as well as cost. This factor is expected to drive the hospital capacity management solutions market in the forecast period.

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Key Takeaways of Hospital Capacity Management Solutions Market Study

  • RTLS (Real time locating system) accounted for around 34% of hospital capacity management solutions market in 2021 and is expected to continue with being top-seeded in the forecast period
  • Cloud-based hospital capacity management solution contributed for around 3/5th of market value share in 2021
  • Cumulatively, North America and Europe contributed for more than 70% of the total share of the hospital capacity management solutions market in 2021
  • Countries such as Brazil, China, South Africa, and India are expected to are emerging as lucrative markets, but pale in comparison to US and Europe

Expansive Prominence in the hospital capacity management solutions market

Taking the expansive way of growth helps in strengthening the solutions’ and software’s portfolio; as e-Health has picked up pace looking at the accuracy and need for data management.

  • STANLEY Healthcare, in May 2022, announced the assimilation of AeroScout Real-Time Location System (RTLS) with certification from Cisco DNA Spaces. The objective of this move is to table economic solution across the healthcare industry
  • Allscripts has its “2bPrecise” platform that takes in clinical information from the EHR preferred by client along with genomic/genetic data from the molecular labs, thereby giving a comprehendible patient record. This gives precise diagnoses at a faster rate.
  • TeleTracking Technologies have their Capacity Management Suite with PreAdmitTracking with electronic bedboard to enable patient access as well as placement

“Precise, real-time navigation with the patient will boost the hospital capacity management solutions market.” says the FMI Analyst.

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Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global hospital capacity management solutions market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provide compelling insights on hospital capacity management solutions market on basis of product type (workflow management solution, asset management solution, bed management solution, quality patient care solution, real time locating system (RTLS), and event driven solutions { online registration solution, attendance management tools, event driven patient tracking, others}), application (standalone solutions, integrated solutions), delivery mode (on premise, cloud-based) across seven major regions

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the keyword market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About 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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Clutch Friction Plate Market Analysis by Size, Share, Growth, Trends up to 2031

According to latest study, clutch friction plate market is set to witness steady growth during 2021-2031. Demand for clutch system components will witness steady recovery in short term, with optimistic outlook in the long run. Surge demand from automotive industry, thereby augmenting the need of clutch friction plate over the forecast period.

What is Driving Demand for Clutch Friction Plate?

In automobiles, a friction clutch plate allows the input shaft of the gearbox and the engine to rotate at the same speed. The force required to drive the vehicle is provided by the friction formed between the engine and the transmission. The friction plate is sandwiched between the engine flywheel and a steel pressure plate bolted to the flywheel when the clutch is engaged. If the pressure between the flywheel and the pressure plate is insufficient, the friction plate will slip, causing the vehicle to malfunction.

Over the next few decades, the global clutch friction plate market is likely to be driven by an increase in the number of automobiles on the road, as well as continued advancements in existing power transmission technology such as automatic transmission and automatic manual transmission.

Furthermore, increased concern about clutch plate and transmission assembly maintenance and servicing is predicted to drive sales of clutch assembly components, which is expected to enhance the aftermarket segment over the forecast period.

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Clutch Friction Plate Demand to Continue Growing with Increasing Number of Automotive Vehicle Flooding the Market

As more alternatives enter the market, the sale of crucial vehicle components such as friction plates is expected to increase dramatically. The clutch friction plate, which is a crucial component of the clutch system, is mass-produced and sold in enormous quantities. The numerous market players are involved in extensive research for creating compact and well-designed clutch system that are equipped with an enhanced friction plate to improve the driving experience of automobile driver.

The clutch system market has gained traction as a result of increased demand for clutch friction plates in emerging countries’ automotive industry.

Furthermore, due to the difficulties of performing maintenance, repair, and replacement by the vehicle owner, the automotive aftermarket industry is predicted to grow in income in the coming years. According to this scenario, the replacement of clutch friction plates in automobiles could result in greater sales.

Asia Pacific Clutch Friction Plate Sales Outlook

Asia Pacific is regarded as one of the world’s most important regions. China and Japan are estimated to account for a substantial portion of the global market during the assessment period 2021-2031.

The expansion of the clutch friction plate is directly tied to the demand for passenger and commercial vehicles. The fact that China and Japan have enormous production capacities and fleet sizes within their countries will promote friction plate sales. Furthermore, electric automobiles and self-driving vehicles will change the current concept of mobility in the marketplace.
Manufacturers of clutch friction plate in Asia Pacific are attempting to conquer the clutch system market in North America and APAC in the near future in order to expand their market position.

Europe Clutch Friction Plate Market Outlook

The COVID-19 problem has impacted a number of European countries, resulting in a drop in economic activity. However, Europe is home to a number of clutch system manufacturers, making it a key producer of automobile components and systems.

Due to high rate of adoption of clutch system components in OEM/aftermarket and the growth of the automotive industry in the region. Europe holds a significant share of the global market for automobiles. As a result, the production of passenger and commercial vehicles with clutch friction plate has increased. Especially in Germany, the United Kingdom, France, and Italy. These characteristics are expected to increase the area’s market growth prospects.

Who are the Key Manufacturers and Suppliers of Clutch Friction Plate?

Some of the leading manufacturers and supplier of clutch friction plate includes Schaeffler Technologies AG & Co. KG, Brembo S.p.A., BorgWarner Inc., Honeywell International Inc., Ferodo, TMD Friction Services GmbH, TRW Automotive Holdings Corp, ACDelco, Aisin Seiki Co. Ltd., arlisle Industrial Brake & Friction, Champion Technologies, Clutch Auto Ltd., Cook Bonding & Manu, and others.

Many leading manufacturers and supplier have longstanding contracts with end-users to supply clutch system. Further, manufacturers are focused on establishing their manufacturing facilities in the countries from Asia Pacific such as India, China, Thailand, and Taiwan to cater increasing demand in the region.

Key Segment

By Product Type

  • Dry Friction Plate
  • Wet Friction Plate

By Application

  • Passenger vehicle
    • Hatchback
    • Sedan
    • SUV
  • Commercial vehicle
    • Light commercial vehicle
    • Heavy commercial vehicle
    • Buses & coaches

By Sales Channel

  • OEM
  • Aftermarket

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Europe Woodworking Power Tools Market to Surpass US$ 360 Mn by 2030: FMI

Growing efforts by the EU toward climate change prevention, and carbon footprint reduction, the timber sector of Europe is investing and legislating toward sustainable forest sources in terms of local wood and imports, which could indirectly influence the pricing of woodworking operations and associated power tool sales, finds the report.

The report also states that market players can target their offerings increasingly towards repair, renovation, and maintenance applications to widen the scope of sales and adoption.

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Key Takeaways

  • Planers power tools to witness greater traction through 2030 on the back of furniture applications.
  • Cordless woodworking power tools to remain lucrative through the forecast period, with demand from DIYers, and operational convenience benefits providing the impetus.
  • Commercial tradesmen such as carpenters, masons and joiners witness significant demand.
  • Online sales are expected to display higher growth rates, on the back of DIYers, a wider product range, and offers & discounts.
  • Germany is a highly lucrative market for woodworking power tools, owing to the steady growth of the non-residential construction sector and the presence of major players.

“In line with the rapid surge in demand for smart technologies and connectivity in woodworking, major market players in Europe have been using their expertise in developing sensor technology, services, and software to provide power tool solutions across domains to customers,” says analyst at FMI.

Covid-19 Impact

The European wood and woodworking industries have been significantly impacted by the lockdown measures imposed during the coronavirus pandemic. The first half of 2020 witnessed a major slump in orders for woodworking tools and machinery, in addition to delivery delays. Health and safety restrictions in woodworking facilities during the crisis slow down operations substantially.

According to the Italian Woodworking Technology Association, orders fell by more than 20% in comparison to 2019. Lockdown and restriction on production activities will have an impact through the rest of 2020. Financial aid from governments in the region is expected to be important for faster recovery through 2021, with economic uncertainties still prevalent.

Competitive Intelligence

The European woodworking power tools market is largely fragmented and competitive, and leading players are focusing on geographical and product line expansions, with acquisitions serving growing diversity in applications. For example,

  • Stanley Black and Decker have acquired the Irwin and Lenox tool brands for portfolio expansion in power tools and the consolidation of retail and industrial distribution channels in previously untapped areas.
  • Robert Bosch GmbH has invested 1.6 billion in north-eastern Hungary for power tools manufacturing plant, in addition to entering a partnership aiming towards the standardization of power source designs with Gardena GmbH.

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More About the Report:

A new market research report published by FMI on the Europe woodworking power tools market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the Europe woodworking power tools market through five different segments – product type, configuration, end-user, sales channel and region. The Europe woodworking power tools market report also provides an extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the production of woodworking power tools and product adoption across European nations.

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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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Bumper Beam Market Future Trends, Industry Size and Forecast to 2031

As per the ongoing study, bumper beam market will grow at a positive rate during 2021-2031. Demand for bumper beams will witness fast growth due to the rising awareness for safety among vehicle owners in the forecast period due to poor condition of roads in many developing countries. Bumper beams are found in the rear- most and front- most parts of the vehicle and helps the vehicle to sustain any tremendous injury that happens during collision or any high speed impact.

What is Driving Demand for Bumper Beam?

Bumper beams are an important part of the vehicle’s exterior as it protects the vehicle from heavy damage during collision or any type of external injury to the vehicle. Increasing need of safety among vehicle passengers due to poor condition of roads of many developing countries as well as increasing frequency of road accidents is one of the factors driving the demand for the bumper beam. Manufacturers are focusing on using innovative and new materials like manganese- boron steel for making bumper beam that not only reduces the weight of the vehicle but also has improved crash performance structure for the vehicle. This factor is also one of the crucial factors increasing the sales of automotive beams in the market during the forecast period.

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Recovery in Automotive Industry is likely to amplify Bumper Beam Sales

COVID- 19 disrupted the automotive industry in terms of supply and manufacturing of vehicles as well as components. The entire automotive industry suffered huge losses due to closure of manufacturing facilities across the globe due to lockdown which ultimately led to decline in sales of new vehicles of around 12- 15% as compared to 2019 across the globe. Global vehicle production plummeted due to limited supply of parts as well as due to shutdown of production activities.

The market is estimated to recover slowly with the resume of manufacturing facilities around the globe. Recovery in the industry will take time where eventual recovery will lead to rebound in imports and exports of automotive parts. Manufacturers are now focusing on engaging customers using online or mobile channels for enhancing the brand image of the company to retain as many customers as possible.

US and Canada Demand Outlook for Bumper Beam

The automotive industry registered a decline in sales in 2020 due to shut down of manufacturing facilities in North America because of limited supply of vehicle parts due to lockdown and trade restrictions in China who supplies vehicle parts to major OEMs in US and other countries around the globe.

Manufacturers in US are focusing on serving customers by improving vehicle safety and energy efficiency of vehicle through their components. Bumper beam manufacturers are using innovative materials to meet challenges like lightweight, increasing safety measures and customized designs of bumper beams. Manufacturers adopt research & development for designing attractive and customized beams for customers.

Europe Demand Outlook for Bumper Beam

The pandemic affected countries in Europe due to closure of production facilities in all the countries. New vehicle sales plummeted in 2020 as compared to the previous year due to decline in production of vehicles and vehicle components. Automotive aftermarket also witnessed a decline in repair & replacement of vehicle components due to lockdown and closure of all dealership and independent stores in the region.

Major manufacturers for automotive components in the region focus on using unique materials with conventional designs for vehicle beams according to different car models. These high performance materials also reduce the weight of the vehicle as well as provide innovative designs of front- most and rear- most beams for customers that offer high protection to vehicle.

Who are the key manufacturers and suppliers of Bumper Beams?

Some of the leading manufacturers and suppliers of bumper beams include Magna International, Plastic Omnium, thyssenkrupp, Futaba Industrial, CIE Automotive, Hutchinson, Benteler International, and others.

Many leading manufacturers are adding new features and innovative designs of bumper beams along with latest technological advancements to light weight automotive parts, improve quality and expand their geographical footprint across the globe. Many manufacturers are also using authorized online E- commerce platforms to increase the sales of automotive beams in the market.

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Key Segments

By Type

  • Steel Reinforcing Beams
  • Plastic Reinforcing Beams
  • Aluminum Reinforcing Beams
  • Others

By Application

  • Passenger Cars
  • Commercial Vehicles

By Region

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • Spain
    • BENELUX
    • Russia
  • South Asia and Pacific
    • India
    • ASEAN
    • Oceania
  • East Asia
    • China
    • Japan
    • South Korea
  • Middle East & Africa
    • GCC
    • Turkey
    • South Africa
    • Northern Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Liquid Crystal Polymers Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2027

The commercial production of liquid crystal polymer (LCP) started in the mid-1980s, and they could not be injection molded at that time. Today, liquid crystal polymers can be melt processed on any conventional equipment into heavy as well as thin wall components at very fast speeds. Liquid crystal polymers are materials that have gained attention as a packaging material and potential high performance microwave substrate. They are available in market in liquid as well as solid forms.

As frequencies tend to upsurge for the next generation of wireless applications, the integration techniques as well as materials in radio frequency systems are facing more challenging performance constraints. In addition, consumers are demanding repeatedly better performance with minimal surge in price. The new material technologies must be identified that can concurrently tackle these performance challenges, environmental variation, frequency, and cost.

Liquid crystal polymers are unique group of linear polymers, which are inert, highly chemical resistant and unreactive. During the melting and injection molding, liquid crystal polymers show low viscosity and high flow to fill the intricate molds completely, making liquid crystal polymers a good choice for manufacturing of ultrathin and miniature parts with less than 0.1 mm thickness and short cycle times.

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Liquid crystal polymers possess various physical and chemical properties such as high stiffness, high flow, and high temperature resistance, which makes it suitable for their use in product miniaturization in the electrical & electronics industry and microinjection molding. Liquid crystal polymers are utilized in various applications focusing on electronic components that include smartphones, laptop, desktop, and tablets.

Further, liquid crystal polymers are consumed for automotive and industrial applications as well as in aerospace and medical. Owing to their increasing consumption in various end-use industries, the liquid crystal polymers market is expected to increase at a high CAGR over the forecast period (2017–2027).

Global Liquid Crystal Polymers Market: Dynamics

Rising demand for high performance and lightweight materials from the automobile industry in order to manufacture fuel efficient vehicles and reduce carbon emissions is expected to have a positive impact on the growth of liquid crystal polymers market. Moreover, shifting trend toward the miniaturization of electronic as well as electrical components such as SMT connectors with high density of pin, surface mounting devices and other microelectronic devices is also expected to fuel the demand of liquid crystal polymers in near future.

The aforementioned factors are expected to drive the global liquid crystal polymers market and their demand is expected to increase at a significant CAGR through 2026. The key challenges faced by market players in the global liquid crystal polymers market include their low welding strength, etc., nonetheless, efforts are being made to enhance their physical and chemical properties to overcome such challenges.

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Global Liquid Crystal Polymers Market: Region-wise Outlook

Asia pacific region is estimated to remain among the key consumers of liquid crystal polymers across the globe by 2017 end, owing to the expansion of electrical & electronics industry in the region. Within the Asia Pacific region, China accounts for a significant share in the regional liquid crystal polymers market.

Rising investments and increase in number of manufacturing sites are expected to drive the market growth for liquid crystal polymers in the APAC region. Asia-pacific is also expected to witness a high growth over the forecast period. North America and Europe are anticipated to register steady growth in the global liquid crystal polymers market between 2017 and 2026.

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Global Liquid Crystal Polymers Market: Segmentation

Liquid crystal polymers market can be segmented is based on end-use industry, which segments as the following:

  • Electrical & Electronics
  • Automotive
  • Aerospace
  • Industrial
  • Others (medical, cookware, etc.)

Global Liquid Crystal Polymers Market: Market Participants

Examples of some of the market participants in the liquid crystal polymers market, identified across the value chain, include Polyplastics Co., Ltd., Sumitomo Chemical Co., Ltd., Celanese Corporation, Solvay S.A., Ueno Fine Chemicals Industry Ltd., Toray International, Inc., SAMSUNG FINE CHEMICALS CO. LTD., and Shanghai PRET Composites Co., Ltd. among others.

About 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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