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The Palletizing Systems Market plays a pivotal role in the automation and streamlining of the assembly process for palletized goods. These advanced machines efficiently organize, align, and pack diverse products onto pallets, facilitating seamless freight forwarding operations. Alongside pallet wrapping, these systems are indispensable components of the product’s life cycle, enabling smooth distribution across complex networks and various modes of transportation.

The global palletizing systems market is anticipated to be valued US$ 2,134.1 million in 2022. The market is estimated to be valued US$ 3,412.6 million by 2032, with a CAGR of 4.8%.

Palletizing systems are automated machines that aid in the assembly of palletized goods. A palletizer is a machine that organises, aligns and packs diverse products onto a pallet for freight forwarding. Palletizing and pallet wrapping are essential components of the product’s life cycle, which also comprises a complicated distribution network and modes of transportation.

Palletizing methods and techniques range from manual to semi-automatic to automatic. Palletizing implementation varies depending on the needs of the end user. In recent years, more advanced automatic and robotic palletizing systems have emerged all over the world.

Technological advancements, the need to speed up and improve the quality of packaging lines, and changing consumer preferences have all fueled the development of more automated and robotic palletizing systems.

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It has been observed that robotics has become an important component of the packaging domain. The palletizing systems market has expanded rapidly in recent years and is expected to expand at a phenomenal CAGR in the coming years.

Global Palletizing Systems: Market Segmentation

The Global Palletizing Systems market is segmented based on types which include floor-level palletizers, high-level palletizers and robotic palletizers. The robotic palletizers are further bifurcated by inline palletizing, layer palletizing and mixed case palletizing. The robotic palletizers captured a significant share of the total revenue of the global palletizing market in 2015. Thus due to its superior automation features, the robotic palletizers are expected to account for the highest share in the overall revenue of the market by 2026.

The global palletizing systems market is also divided by applications such as case palletizers, pail palletizers, bulk palletizers, and bag palletizers. The global palletizing systems market is also fragmented by type of techniques which include semi-automated palletizing, and automatic palletizing.

Global Palletizing Systems Market: Growth Drivers

Advancements in technology along with the prominence of the conglomerates on enhancing operational efficiencies and supply chain utilizing palletizing systems are fostering the growth of the global palletizing systems market. Apart from this, the robust demand for palletizers in food and beverage is foreseen to strengthen the growth of the global palletizing systems market over the period 2016-2026.  It has been noticed that the beverage and food industries are gradually inculcating efficient and innovative ways of packaging, thus increasing demand for newer machines in palletizing.

The evolution of new human-machine interface controls, which are changing both old and robotic palletizers by providing features for handling multi-case sizes, layers of product and patterns is anticipated to expand the growth of the global palletizing systems market over the next 10 years from 2016-2026.

Global Palletizing Systems Market: Regional Outlook

Geographically, the Global Palletizing Systems industry can be divided into major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, the Middle East and Africa. Amongst all the mentioned regions, Europe captured the highest share in the overall global palletizing systems market in 2015.

In the same year, Europe, The US and Asia Pacific captured the highest share in the global palletizing systems market. Asia Pacific region is expected to develop as a rapidly growing market for the palletizing system during the forecast period. Middle East and Latin American countries are also anticipated to observe rapid growth in future.

Global Palletizing Systems Market: Players

Some of the major conglomerates capturing a substantial market share in the Global Palletizing Systems market include ABB Flexible Automation Inc., Kuka Roboto GmbH, ABC packaging, Intelligrated Inc, Cermex group, Beumer Corporation, KHS GmbH, Alligator Automation Inc, Adept Technology Inc., and others.

The companies are focusing on the development of more robotic palletizers as per the requirements of various industries and to gain a competitive advantage in the global palletizing systems market.

The Report covers an exhaustive analysis on

• Palletizing Systems Market Segments
• Palletizing Systems Market Dynamics
• Historical Actual Market Size, 2013 – 2016 for Global Palletizing Systems Market
• Palletizing Systems Market Size & Forecast 2016 to 2026
• Supply & Demand Value Chain
• Palletizing Systems Market Current Trends/Issues/Challenges
• Competition & Companies involved in Global Palletizing Systems Market
• Technology
• Value Chain
• Global Palletizing Systems Market Drivers and Restraints

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

Key Segments

By Type:

• Floor Level Palletizers
• High Level Palletizers
• Robotic Palletizers

By Application:

• Case Palletizers
• Pail Palletizers
• Bulk Palletizers
• Bag Palletizers

By Technology:

• Semi-automated Palletizing
• Automatic Palletizing

By Region:

• North America
• Europe
• MEA
• Asia Pacific
• Latin America

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 favour 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

Future Market Insights (FMI) has conducted an analysis on the ASEAN conveyor system market, revealing a valuation of US$ 1.7 billion in 2021. Projections indicate a robust growth trajectory, with the market poised to expand at a notable CAGR of 7.1%, reaching a valuation of US$ 3.7 billion by 2032. Among the various types of conveyor systems, roller conveyor systems are anticipated to hold a significant share, accounting for over 22% of total deployment in the ASEAN region by the end of the forecast period.

The burgeoning demand for warehousing facilities is expected to be a key driver propelling the growth of the conveyor system market in the ASEAN region. With the rapid development of various industries, there is a growing need for extensive warehousing services to accommodate goods and products. This surge in warehousing demand, coupled with the expansion of the e-commerce sector across ASEAN countries, is driving growth in the conveyor system market.

Indonesia is forecasted to emerge as a dominant force in the ASEAN conveyor system market, particularly in terms of revenue generation in 2022. The Indonesian market is poised for continuous growth throughout the forecast period, with projections indicating that it will capture nearly 30% of the ASEAN market share.

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Growth Factors

The Indonesian intralogistics landscape is experiencing a significant shift driven by various factors. With the international trade of goods witnessing a surge propelled by shorter product lifecycles and advancements in multiple end-use industries, there has been a notable expansion of warehouses and logistics facilities. Countries like Malaysia, Thailand, and particularly Indonesia are bolstering their bulk handling ports and recycling operations to meet the escalating consumer demand.

In the realm of e-commerce, conveyor systems play a pivotal role in optimizing process flow and enhancing productivity at crucial junctures. The heightened demand for warehousing and logistics services in the ASEAN region is poised to fuel the conveyor systems market, particularly in the context of warehousing and logistics operations, driving growth across the ASEAN landscape.

Various factors are expected to exert influence on each segment of the ASEAN conveyor system market. For instance, Indonesia is anticipated to gain a notable increase in market share by 200 to 250 basis points, whereas the logistics and warehousing sectors in Indonesia are forecasted to experience a moderate decline of 10 to 50 basis points over the next decade.

Key Companies

• TUKU Singapore Pte Ltd
• MIS Belt Centre Pte Ltd
• Kaiye Industries (M) Sdn Bhd
• DNC AUTOMATION (M) SDN BHD
• PRIMECH
• CBR CONVEYOR SYSTEMS SDN BHD
• PT. Rollent Indonesia
• PT. Suprabakti Mandiri
• PT. Almec Indonesia
• RexLine Engineering Indonesia
• MAE SYSTEMS ENGINEERING (THAI) CO., LTD
• Nagasaki KIKI (Thailand)
• NKC THAI NAKANISHI
• PLIC Corp., Ltd.

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Market Key Segments

By Product Type:

• Belt Conveyor
• Roller Conveyor
• Pallet Conveyor
• Overhead Conveyor
• Tri-Planar Conveyor
• Crescent Conveyor
• Skid Conveyor
• Trailer Conveyor
• Others

By Operation Type:

• Manual
• Semi-Automatic
• Automatic

By Capacity Type:

• Unit Handling
• Bulk Handling

By Application Type:

• Packaging & Warehouse Distribution
• Textile & Paper
• Construction & Mining
• Automotive & Transportation
• Consumer Electronics
• Food & Beverage
• Chemical & Pharmaceutical

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us
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 Laser cutting machines market have become a game-changer across numerous industries. Their ability to deliver clean, precise cuts on various materials with minimal heat distortion makes them a powerful tool for both large-scale manufacturing and intricate creative projects. Here’s a deep dive into the applications that drive the laser cutting machine market:

The Laser Cutting Machine Market is gearing up for steady growth, achieving a moderate CAGR of 5.80% through 2034. Its value is projected to climb from USD 3,776.10 million in 2024 to an impressive USD 6,635.90 million by 2034.

Manufacturing Powerhouse:

• Metal Fabrication: Laser cutters are irreplaceable in metal fabrication. They handle sheet metal of various thicknesses with unmatched precision, creating intricate control panels, sturdy machine frames, and countless other components.
• Automotive Industry: From car body parts and frames to delicate exhaust system elements, laser cutters ensure precise cuts for a variety of automotive components.
• Electronics Manufacturing: The intricate world of electronics relies heavily on laser cutting for creating highly precise shapes and components in printed circuit boards (PCBs) and other devices.
• Aerospace Industry: Lightweight and high-strength alloys used in aircraft and spacecraft construction are perfectly suited for laser cutting. This ensures precise cuts for critical components that demand minimal weight and exceptional strength.

Beyond Manufacturing:

• Shaping Consumer Goods: Laser cutters play a key role in defining the look and functionality of consumer products. They create precise cutouts for appliance components, intricate designs in furniture (wood, metal, or acrylic), and even personalized lettering or logos on gadgets.
• Signage and Advertising: Eye-catching signs, displays, and promotional materials rely on the ability of laser cutters to fabricate custom shapes and lettering, making them a go-to solution for creating impactful visuals.
• Medical Device Innovation: Precision is paramount in the medical field. Laser cutting offers unparalleled accuracy for shaping medical implants, surgical instruments, and other medical equipment, ensuring functionality and patient safety.
• Jewelry and Eyewear Design: For intricate designs and precise cuts, laser cutting is ideal for crafting unique and stylish jewelry pieces and eyeglass frames.

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Expanding the Creative Landscape:

• Artistic Expression: Laser cutters empower artists and crafters to unleash their creativity. They can create unique designs on various materials, like wood, fabric, or even acrylic, for a personalized touch in their artistic endeavors.
• Packaging Industry: Laser cutting lets you create custom packaging solutions with a touch of elegance and functionality. Precise shapes and intricate details elevate product presentations, making them stand out on store shelves.

The Future is Bright: Sharper Technology, Broader Applications

The laser cutting machine market is driven by exciting advancements:

• Laser Technology Advancements: The development of even more powerful and precise lasers will open doors for cutting a wider range of materials with even more intricate designs, expanding the possibilities.
• Automation Integration: Combining laser cutting machines with robotic arms creates automated production lines, enabling faster material handling and higher production efficiency.
• Customization on Demand: The ability to create custom designs and prototypes using laser cutting caters to the rising demand for personalized products, allowing businesses to cater to individual preferences.
• Sustainable Practices: Laser cutting minimizes material waste compared to traditional cutting methods, appealing to manufacturers seeking eco-friendly solutions and reducing their environmental footprint.

 Key Segments

By Technology:

• Gas Based
• Solid State
• Fiber Based

By Mode of Operation:

• Mechanized
• Manual

By End Use:

• Automotive and Transportation
• Consumer Electronics and Appliances
• Electrical and Heavy Machinery
• Metal Fabrication
• Other Industrial

By Region:

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

About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us
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
LinkedIn| Twitter| Blogs | YouTube

The global mobile substations market is expected to reach a valuation of USD 1879.6 Mn in 2032, with the market growing at a healthy CAGR of 7.2% from 2022 to 2032. Driven by extensive application in the utility sector, the target market will likely reach an estimated USD 934.7 Mn by the end of 2022. Mobile substations are often used to fill electricity gaps in the grid which results in large-scale application of the same in the utility sector as these substations play a vital role in transmitting and distributing power. Hence, usage in utility sector is a primary growth-driver for the mobile substations market during the forecast period.

Escalating degree of power transmission issues along with an imbalance within the transmission network amplify the demand for mobile substations. This is because mobile substations assist in strengthening the dependability of the primary high-voltage transmission grid. The concept of a modular, plug-and-play mobile substation allows grid connections and stability under any conditions. This positively impacts the market for mobile substations.

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Furthermore, the increasing demand for renewable energy also propels the target market growth. The elevated need for smooth renewable energy integration into the electric grid, caused by an upsurge in the amount of clean energy projects is boosting the demand for mobile substations. Again, the capacity of power systems to recover as quickly as possible from major weather events and natural disasters is advantageous to local businesses and communities.

Besides, the growing demand for electricity necessitates the usage of a new efficient and effective transition management strategy which would make full use of  mobile substations. The continuous evolution of the share of renewable energy in centralized and decentralized grids also contributes to the demand for mobile substations. These considerations will likely drive the growth of the mobile substations market during the forecast period.

Industrial Applications:

• Manufacturing and Production: Mobile substations provide reliable power for temporary production lines, plant expansions, or maintenance activities within industrial facilities.
• Oil and Gas Exploration: These units supply temporary power for drilling rigs, refineries, and other remote oil and gas operations.
• Events and Entertainment: Large-scale concerts, festivals, and sporting events often require temporary power boosts, which mobile substations can conveniently deliver.

Key Takeaways:

• A lack of awareness regarding mobile substations may impede their market growth.
• The mobile substation market in North America will lead the global growth with ownership of 26.3% of the overall market share.
• Rapid industrial development will propel mobile substation market in the Asia Pacific region.
• Start-ups in this market are supplying personalized solutions to meet end user demands.

Competitive Landscape 

General Electronic, Hitachi ABB Inc., Siemens AG, Qingdao MEIDENSHA CORPORATION, Enerset Power Solutions, and Aktif Group of Companies among others are some of the major players in the mobile substations market profiled in the full version of the report.

Leading market players are keen on finding solutions to energy issues and entering new economies to expand their operations. These businesses engage in agreements, partnerships, and collaborations to strengthen their market positions.

Top 06 Key Players in the Mobile Substations Industry

• General Electronic
• Hitachi ABB Inc.
• Siemens AG
• Qingdao MEIDENSHA CORPORATION
• Enerset Power Solutions
• Aktif Group of Companies

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Key segments

By Type:

• Trailer-mounted mobile substation
• Skid-mounted mobile substation
• Containerized
• Others

By Voltage:

• High Voltage
• Medium Voltage

By End Use:

• Industrial
• Manufacturing
• Energy and Power
• Transportation and Logistics
• Aerospace and Marine
• IT and Telecommunication
• Oil and Gas
• Mining
• Military
• Chemical
• Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us
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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In a steadily advancing trajectory, the USA commercial walk-in refrigeration market is projected to attain a substantial valuation of US$ 1,980.1 million by the year 2032, with a commendable Compound Annual Growth Rate (CAGR) of 4.31% from 2022 to 2032.

This robust upswing in the sector finds its roots in the indispensable role played by commercial walk-in refrigeration systems, serving as silent sentinels that safeguard the freshness and integrity of various perishable goods. Their pivotal function underscores their paramount significance in sustaining the fabric of our modern lifestyle, protecting the continuity of daily routines from potential disruptions caused by the absence of these crucial systems.

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Encompassing both coolers and freezers, Commercial Walk-In Refrigeration constitutes enclosed cold storage rooms with a footprint of under 3000 square feet, purpose-built for the refrigeration and freezing of perishable commodities including foodstuffs, beverages, medications, and more. These specialized refrigeration units play a pivotal role within the intricate framework of the cold chain network, spanning an array of industries such as food and beverage, commercial kitchens, retail food establishments, pharmaceuticals, chemicals, and beyond.

The recent surge in the adoption of Commercial Walk-In Refrigeration underscores a profound shift in lifestyle and dietary preferences towards convenient, ready-to-eat products. This transition has ushered in a significant transformation within the culinary landscape, impacting the types of sustenance embraced and the temporal allocation dedicated to these activities. Responding to this evolving landscape, stakeholders within the food industry have substantially increased investments in walk-in coolers and freezers.

Notable Insights from the Commercial Walk-In Refrigeration Market Analysis:

• During the envisaged projection interval, the Commercial Walk-In Refrigeration segment, specifically denoted by the technology variant “Remote Condensing,” is poised to contribute substantially, with an estimated value reaching approximately US$ 544.8 million in the year 2022.
• With regard to the Sales Channel segmentation, the Original Equipment Manufacturer (OEM) channel is poised to emerge as a dominant force, accounting for over 88.4% of the U.S. market share. This sector is projected to sustain a noteworthy value Compound Annual Growth Rate (CAGR) of approximately 4.21% throughout the stipulated projection period.
• In the expansive U.S. market, the escalating demand for Commercial Walk-In Refrigeration finds expression through the prism of its place of use. This particular facet of the market is anticipated to demonstrate a robust value CAGR of 4.31%.
• Among the various sectors constituting the U.S. Commercial Walk-In Refrigeration landscape, the Commercial Restaurants sector emerges prominently, showcasing a prospective expansion rate of 5%. This momentum is a direct outcome of escalated investments in real estate and the comprehensive development of commercial infrastructure.
• Geographically, the Southern United States (U.S.) region is poised to hold a substantial share of approximately 42.2% in the year 2022. This regional stronghold substantiates the notable presence and influence of the Commercial Walk-In Refrigeration market within the southern landscape.

“Growing governmental and private investment in the U.S. region, particularly in Southern and Western U.S. markets, is driving up demand for Commercial Walk-In Refrigeration therein. Commercial walk-in refrigerator systems are anticipated to be adopted more frequently by commercial restaurants, retail food service, and a few other end use industries. Manufacturers are boosting their partnerships and collaborations with lower market players of commercial refrigeration manufacture within country in order to get into the higher market.” says Future Market insights analyst.

Key Players Profiled:

• Panasonic Corporation (Hussmann)
• Parker Hannifin Corp.
• TMP Manufacturing Company
• Standex International Corporation
• Dover Corporation
• Welbilt, Inc.
• Zero Zone, Inc.
• USA Cooler
• SRC Refrigeration
• American Panel Corporation
• Arctic Industries Inc.
• Amerikooler LLC
• Commercial Cooling – Par Engineering Inc.
• Thermo-Kool
• Bally Refrigerated Boxes Inc.
• Norlake Inc.
• Air Services & Refrigeration Specialties Inc.

Key Segment Covered:

USA Commercial Walk-In Refrigeration by Technology:

• Self-Contained
• Remote Condensing
• Multiplex Condensing

USA Commercial Walk-In Refrigeration by Sales Channel:

• OEM
• Aftermarket

USA Commercial Walk-In Refrigeration by Place of Use:

• Indoor
• Outdoor

USA Commercial Walk-In Refrigeration by End Use:

• Pharmaceutical
• Research Laboratories
• Retail Food Services
• Hospitals
• Commercial Restaurant
• Others

USA Commercial Walk-In Refrigeration by Region:

• North East USA
• South USA
• Midwest USA
• West USA

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

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
LinkedIn| Twitter| Blogs | YouTube

The global dashboard camera market is anticipated to reach a valuation of US$ 13 Billion by 2032, with the market expanding at a prolific CAGR of 18.3% from 2022 to 2032. Valued at US$ 2 Billion in 2021, the target market is set to reach 2.4 Billion in 2022. Dashboard cameras gain high application in personal vehicles. With the rising expansion and demand for personal vehicles, the market for dashboard cameras will undergo substantial growth over the forecast period.

A dashboard camera helps in the prevention of fraud and assists in improving accident rates. It is a preventative tool that helps in controlling and reducing road accidents as well as enhancing driver safety. As per a report from WHO, India beats the global numbers in road wreck deaths. These numbers are detailed enough to make dashboard cameras a necessity, especially for newer vehicles. Again, insurance frauds are becoming increasingly common these days.

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Drivers are becoming easy targets even when they are actually the victim. All of this can be countered with the installation of dashboard cameras which helps to meet the benefits of an insurance claim.

Moreover, dashboard cameras act as one of the best devices with regards to fleet management. In industries, where most of the work is dependent on fleet vehicles, the expense of operations amplifies. Dashboard cameras serve a crucial role in fleet management by reducing the cost of operations, thus, helping to save the company time and money each year.

This further helps the organization to concentrate on more critical aspects and increase the company’s returns. Fleet owners and aggregators like Ola and Uber anticipate real concessions as they can check how the drivers are actually performing on the job. All of these factors act as growth drivers for the dashboard camera market during the forecast period.

“As the installation of dashboard cameras aids in controlling road accidents and lessens insurance claims, the global market for the same will witnessed considerable growth over the forecast period,” says an FMI analyst.  

Key Takeaways:

• Regulations regarding privacy infringement may hamper the market growth.
• The dashboard camera market in the United States will grow at a CAGR of 17.5%, reaching US$ 4.4 Bn during the forecast period.
• The U.K. dashboard camera market will register a CAGR of 16.8% and reach US$ 522.1 Mn by 2032.
• By technology, the basic dashboard camera segment will dominate the global marketplace with a CAGR of 18.1% during 2022-2032.
• The dashboard camera market in the Asia Pacific region will account for the highest revenue growth.

Competitive Landscape 

ABEO Technology CO., Pittasoft Co. Ltd., Garmin Ltd, Falcon Zero LLC, Cobra Electronics Co, Safe Cams, THINKWARE, Harman, Amcrest Technologies LLC, HP Development Company LP, DOD TechDJI, Panasonic Corporation, DOD Tech, Waykens Unc., Papago Inc., LG Innotek, Koninklijke Philips N.V, and Honeywell International Inc., among others are some of the major players in the dashboard camera market profiled in the full version of the report.

Leading market players are keen on product development and releasing new product lines. These businesses also employ strategic collaborations and partnership tactics to strengthen their market prospects.

Key Segments Covered in Dashboard Camera Industry Survey

Dashboard Camera Market by Technology:

• Basic
• Advanced
• Smart

Dashboard Camera Market by Product type:

• 1-Channel
• 2-Channel
• Rear View

Dashboard Camera Market by Video Quality:

• SD and HD
• Full HD and 4K

Dashboard Camera Market by Application:

• Commercial Vehicle
• Personal Vehicle

Dashboard Camera Market by Region:

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

More Insights into Dashboard Camera Market Report

In its latest report, FMI offers an unbiased analysis of the global dashboard camera market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of technology (basic, advanced, smart), product type (1-channel, 2-channel, rear view), video quality (SD and HD, full HD & 4K), application (commercial vehicle, personal vehicle), and region.

According to the latest FMI reports, based on segmentation, the basic technology segment will make significant contributions to the overall market growth. This segment is expected to grow at a CAGR of 18.1% during 2022-2032. In terms of application, the personal vehicle segment is anticipated to generate high demand during the projection period.

Based on region, the dashboard camera market in the United States and the United Kingdom will display remarkable growth during 2022-2032. The U.S. dashboard camera market is estimated to grow at a CAGR of 17.5% and reach US$ 4.4 Bn by 2032. This growth can be attributed to the rising popularity of ride-sharing companies like Uber and Lyft as well as to a well-established shipping and haulage business. The dashboard camera in the United Kingdom will grow at a CAGR of 16.8% and create an incremental opportunity of 411.3 Mn during 2022-2032. In addition, the target market in the Asia Pacific region is predicted to generate the highest revenue during the forecast period.

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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According to the analysis conducted by Future Market Insights, the Automotive Brake Shims Market is anticipated to experience a Compound Annual Growth Rate (CAGR) of 5.6%. This growth trajectory is foreseen to culminate in a market valuation of approximately US$ 604.5 million by the year 2033.

Shims for automotive brakes are expected to be crucial parts that are carefully positioned between brake pads and calipers in cars. Demand might be increased by these thin, insulating materials’ capacity to reduce noise, vibrations, and harshness during braking maneuvers.

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It is anticipated that brake shims will considerably improve passenger happiness and vehicle comfort. This is explained by their capability to effectively absorb noise and attenuate vibrations produced by the contact between the brake pad and caliper.

With a strong emphasis on noise reduction and enhanced brake performance, the automotive brake shims sector is being severely impacted by rising production of electric vehicles (EVs). There is an increasing need for specialized brake shims that reduce noise and vibration in EVs. This is because regenerative braking systems have taken the place of conventional friction-based ones.

In order to satisfy these demands, manufacturers are changing the way they produce their products, spurring innovation for greater durability and compatibility with regenerative systems. Brake shim replacement is required by the expanding aftermarket for electric vehicles, further accelerating the market’s development.

The automotive brake shims industry is expected to change as a result of the shift toward electric automobiles. It can highlight how important they are in ensuring that EV users have a quieter and more comfortable braking experience.

Brake shims made of recycled rubber and bio-based composites might help reduce waste and the manufacturing process’ negative environmental effects. This is crucial since the car sector greatly affects the environment. A sustainable future depends on actions to cut emissions and waste.

Brake shim performance can also be improved by the use of sustainable materials. In brake shims, recycled rubber is frequently used as a reinforcement material.

It might increase the shims’ toughness and resistance to deterioration. On the other hand, bio-based composites can provide distinctive qualities such as high strength and stiffness. These could make such brakes operate better.

Key Takeaways from the Automotive Brake Shims Market Study:

• In the historical period from 2018 to 2022, the global automotive brake shims industry recorded a CAGR of 5.2%.
• The United States automotive brake shims industry is expected to reach a value of US$ 100.1 million by 2033.
• China automotive brake shims industry is anticipated to incline at a CAGR of 5.9% from 2023 to 2033.
• Germany automotive brake shims industry is expected to surpass a market value of US$ 26.3 million by 2033.
• The rubber segment by material is expected to dominate the automotive brake shims industry with a CAGR of 5.7% from 2023 to 2033.

“The market for automobile brake shims is being propelled by growing use of regenerative braking systems globally. Regenerative braking is a technique that uses a vehicle’s kinetic energy to create electricity. For subsequent usage, it can be kept in the battery. This factor is projected to create novel opportunities for leading companies.” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

The automotive brake shims industry has a highly competitive landscape, with a significant number of players vying for high market shares. Several significant participants in this industry comprise Robert Bosch GmbH, ZF Friedrichshafen AG, Valeo S.A, Delphi Automotive PLC, Nisshinbo Holdings Inc., and Brembo S.p.A. among others.

Manufacturers might be researching and adopting new materials for brake shims to enhance their performance, durability, and noise reduction capabilities. Advancements in materials science can lead to shims that are more effective at reducing brake noise and vibration.

A handful of players are developing and incorporating advanced noise reduction technologies into brake shims. These could include features such as dampening layers, insulating coatings, and specific designs that minimize noise and vibration during braking.

They are providing a wider range of brake shim designs and sizes to fit several vehicle models and brake systems. Customized solutions can help improve performance and noise reduction for specific vehicles.

For instance,

• EBC Brakes Racing introduced titanium motorsport brake pad shims in April 2022. It is appropriate for the high heat that comes with racing. For a wide range of high performance automotive uses, it was made accessible.

Find More Valuable Insights into Automotive Brake Shims Market Study

The research report analyzes the market demand trends of automotive brake shims. The global market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of automotive brake shims.

As per Future Market Insights (FMI) research scope, the automotive brake shims industry has been studied and segmented on the basis of material (rubber material, pressure sensitive adhesive (PSA) material, and thermoset material, others), application (two wheelers, passenger vehicle, commercial vehicle), sales channel (OEM, aftermarket), and regions. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.

Automotive Brake Shims Market Outlook by Category

By Material:

• Rubber Material
• Pressure Sensitive Adhesive (PSA) Material
• Thermoset Material
• Others

By Application:

• Two Wheeler
• Passenger Vehicle
• Commercial Vehicle

By Sales Channels:

• OEM
• Aftermarket

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• East Asia
• Central Asia
• Russia & Belarus
• Balkan & Baltics
• South Asia Pacific
• Middle East and Africa

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:  

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
LinkedIn| Twitter| Blogs | YouTube

The global on-street vehicle parking meter market is projected to reach a value of US$ 1.3 Billion by 2032 as opposed to an estimated value of US$ 641.3 Million in 2022. The target market will likely grow at a strong CAGR of 7.3% from 2022 to 2032. The rising need for efficient parking systems and meters that can eliminate the traffic that arises from cruising while searching for parking spots propels the growth of the on street vehicle parking meter market during the forecast period.

Both drivers and governments prefer on-street parking as opposed to off-street. Since on-street parking needs low infrastructure and staffing investment and the costs of off-street parking are considerably higher, on-street parking thus receives much more preference than off-street. Again, on-street parking is much more convenient and generally takes less time, as it does not require the entry-exit method that off-street parking does, than parking in isolated off-street space. On-street parking also saves space and construction expenses for authorities and helps them to avoid traffic jams by slowing down traffic. This is because cars parked on the street lessen the visual impression of space on the road, and provide obstacles cars must avoid, which helps in improving speed control.

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Moreover, the emergence of smart meters will likely fuel the market growth via new forms of pricing. Many traffic issues are a result of inefficient parking solutions. With the adoption of smart technologies, parking meters will make parking more convenient and fee collection more effective. This is expected to spearhead the demand for on street parking meters during the forecast period.

“The global on street vehicle parking meters will observe heightened demand during the forecast period due to the introduction of smart meters and their new forms of pricing,” says an FMI analyst.  

Key Takeaways:

• Lack of parking spots and safety concerns for cyclists and pedestrians may stymie the market growth.
• The on street vehicle parking meter market in the Asia Pacific region will grow at a CAGR of 8.2% and account for 22.4% of the overall market share.
• The U.S. will dominate the global on street vehicle parking meter market with a staggering CAGR of 21.5%.
• By type, the single-space parking meter will grow at a CAGR of 7.2% during the forecast period.
• On the basis of payment type, the credit card segment will record a CAGR of 6.8% during 2022-2032.

Competitive Landscape 

Ditech SRL, Duncan Solutions, IEM SA, IPS Group, Inc., MacKay Meters, Meypar, S.L.,

Parking BOXX Inc., Ventek International, Flowbird, and METRIC GROUP Ltd., among others, are some of the major players in the on street vehicle parking meter market profiled in the full version of the report.

Leading market players are concentrating on developing improved smart meters to cater to the growing demand. These enterprises employ strategic deals, agreements, partnerships, and acquisitions to strengthen their market position.

More Insights into On Street Vehicle Parking Meter Market Report

In its latest report, FMI offers an unbiased analysis of the global on street vehicle parking meter market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type, payment type, and region.

According to the latest FMI reports, based on segmentation, the credit card payment category will grow at a CAGR of 6.8%. Due to the convenience and ease offered by this payment mode, the segment is anticipated to make significant contributions to the overall market growth. In terms of type, single-space parking meters will generate high demand and expand with a CAGR of 7.2% over the next few years.

Based on region, the on street vehicle parking meter market in the United States will exhibit substantial growth during 2022-2032. The target market in this country will dominate the global marketplace with an astonishing CAGR of 21.5%. Implementation of innovative parking solutions across the country, demand-responsive pricing, and easy adoption of progressive technology is driving the growth of the on street vehicle parking meter market in the United States. Overall, a general preference for on-street parking over off-street, affordability, and low investment needs drive the growth of the on street vehicle parking meter market during the forecast period.

Key Segments Covered In On Street Vehicle Parking Meter Industry Survey

On Street Vehicle Parking Meter Market by Type:

• Parking Meter (Single Space)
• Parking Kiosks (Multi Space)

On-Street Vehicle Parking Meter Market by Payment Type:

• Credit Card
• Bills
• Coins

On-Street Vehicle Parking Meter Market by Region:

• North America On Street Vehicle Parking Meter Market
• Latin America On Street Vehicle Parking Meter Market
• Europe On Street Vehicle Parking Meter Market
• Asia Pacific On Street Vehicle Parking Meter Market
• Middle East & Africa On Street Vehicle Parking Meter Market

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

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
LinkedIn| Twitter| Blogs | YouTube