MEA Rough Terrain Cranes Market is set to grow at CAGR of 5.3% through 2026 | The Manitowoc Company, Inc., Tadano Ltd., And Technology Co., Ltd.

The latest market outlook titled “Rough Terrain Cranes Market: Middle East and Africa Industry Analysis and Opportunity Assessment, 2016–2026” by Future Market Insights offers imperative insights into the Middle East and Africa rough terrain cranes market for the forecast period 2016-2026.

The overall long-term outlook on the growth of MEA market for rough terrain cranes remains optimistic, with the market projected to grow at a promising CAGR of 5.6% through 2026. Over the assessment period, MEA market for rough terrain cranes will gain nearly 100 BPS, reaching a market size of over US$ 231 Mn by 2026 end. GCC countries currently account for a significant share of the MEA market – this will remain the trend throughout the forecast period. The next largest markets include South Africa, Israel, and Turkey, which is anticipated to be closely followed by the rest of MEA.

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Key research findings strongly influencing the market growth

  • High initial capital and expensive maintenance continues to fuel preference for rental cranes over new crane sales.
  • Lucrative opportunities abound in the high lifting capacity cranes i.e. > 100T capacity segment.
  • Application in fracking pipe yards, transmission distribution lines, and tank firms will unlock new revenue generation opportunities.
  • Implementation of automation and advanced telematics are identified to be the top influential developments.
  • Focus on enhanced operator comfort and efficient fuel economy underpins introduction of new features in rough terrain cranes.
  • GCC will remain the largest market in rental as well as new sales of rough terrain cranes within MEA.
  • Maximum new sales will be registered in Turkey over 2016-2026.
  • African countries will account for significant demand owing to rapidly developing power generation and distribution infrastructure, and burgeoning mining activities.

The market has been segmented for in-depth analysis over 2016-2026, into MEA rough terrain cranes market – new sales and MEA rough terrain cranes market – rental. While market for rental rough terrain cranes is likely to witness a CAGR of 5.3% reaching a value worth US$ US$ 247.4 Mn in 2026, market for new sales of rough terrain cranes is expected to reach US$ 142.0 Mn by 2026-end, expanding at a healthy CAGR of 5.9% over the assessment period.

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MEA Rough Terrain Cranes Market – Rental

Future Market Insights expects this market to reach US$ 248 Mn in 2026.

  • On the basis of lifting capacity, the highest growth will be observed in > 100 tonnes capacity segment.
  • 50-75T capacity segment will continue to dominate the market throughout the forecast period.
  • 75-100T capacity segment will possibly exceed revenues of US$ 68 Mn in 2026, accounting for more than 27% share of the entire market revenues at the end of forecast period.
  • By boom length, 25-35 metre segment is projected to remain dominant with a major revenue share contribution of over 43% in 2026. Despite a relatively lower CAGR over 2016-2026, this segment will be evaluated at around US$ 107 Mn in 2026.
  • 35-50 metre segment will retain the second largest segment position with estimated revenue sales worth US$ 80 Mn in 2026, capturing over 31% share of the market value. This segment is expected to demonstrate the fastest growth at a CAGR of 5.6%.
  • Based on country, GCC will continue its monopoly with over 60% value share by the end of forecast period, eventually approaching US$ 150 Mn by 2026 end.
  • South Africa and Israel will be the next largest markets, whereas the rest of MEA and Turkey will witness higher growth rates of over 7%.

Market segmentation

To understand and assess opportunities in the Middle East and Africa rough terrain cranes market, we have divided the report into four sections based on market segmentation as under:

By Lifting Capacity

  • Upto 25 Tonnes
  • 25.1 to 50 Tonnes
  • 50.1-75 Tonnes
  • 75.1-100 Tonnes
  • More than 100 Tonnes

By Boom Length

  • Upto 25 meters
  • 25.1-35 meters
  • 35.1-50 meters
  • More than 50 meters

By Sales Channel

  • New Sales
  • Equipment Rental

By Country

  • GCC
  • Israel
  • Turkey
  • South Africa
  • Northern Africa
  • Rest of Middle East and Africa

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MEA Rough Terrain Cranes Market – New Sales                    

This market, according to Future Market Insights, will account for the revenues of nearly US$ 142 Mn by 2026-end.

  • By lifting capacity, 50-75T capacity segment is projected to attract the maximum revenues.
  • 75-100T capacity segment is likely to account for over 28% market value share in 2026.
  • > 100T capacity segment is predicted to witness the highest CAGR resulting in almost exponential growth in sales revenues over 2016-2026.
  • In terms of boom length, 25-35 metre segment will continue to dominate through 2026, accounting for more than 43% value share.
  • > 50 metre segment will be the fastest growing segment, exhibiting an impressive CAGR of 6.7%, resulting into twofold growth of the market over 2016-2026.
  • Country-wise, GCC will retain dominance, followed by South Africa. While the former is foreseen to attract over US$ 81 Mn in terms of 2026 revenues, the latter will reach over US$ 20 Mn in 2026.
  • GCC reaffirms the leading position with around 58% value share in 2026, whereas the rest of MEA, North Africa, and Turkey are expected to witness higher CAGRs over the assessment period.

Among the leading players in the MEA rough terrain cranes market, Terex Corporation is identified to hold the most prominent share of over 21% in terms of new sales. Other leading companies include The Manitowoc Company, Inc., Tadano Ltd., Zoomlion Heavy Industry Science And Technology Co., Ltd., Liebherr Group, Xuzhou Construction Machinery Group Co., Ltd., Sany Heavy Industry Co., Ltd., and KATO WORKS CO., LTD.

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Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

About FMI

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

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Automotive Aftermarket is expected to grow at 8.7% CAGR over the following decade 2021-2031

The automotive aftermarket in ASEAN is reeling from the COVID-19 impact, however, recovery is likely to be more immediate compared to European and American counterparts, according to a latest study.

Future Market Insights (FMI), an ESOMAR-certified market research firm, in an updated edition of its report, revised the forecast to 8.7% CAGR. This revised forecast takes into account sluggishness induced by the global pandemic.

Key Takeaways of ASEAN Automotive Aftermarket Market Study

  • The ASEAN automotive aftermarket market is expected to grow at 8.7% CAGR over the following decade
  • Demand for automotive aftermarket services to surge from low commercial vehicles (LCV) segment
  • Tires and batteries leading categories in terms of total sales

“Automotive manufacturers are increasingly relying on silicon anode batteries to power electric vehicles (EV), given their greater energy density and better battery life. As such, these batteries are gaining huge traction among OEMs,” says FMI analyst

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COVID-19 Impact on ASEAN Automotive Aftermarket Market

The growth of ASEAN automotive aftermarket market is linearly associated with the regional automotive industry. While the shockwaves of the COVID-19 pandemic are certainly felt across every sector, the automotive industry in ASEAN is potentially facing a significant grunt of it.

While the regional industry was already under pressure, especially in Indonesia and Thailand, acute supply chain disruptions due to COVID-19 outbreak in China is further worsening the situation.

Recent estimates reveal that the ASEAN automotive industry recorded a steep 42% decline in sales during January-May period in 2020. While Philippines topped the chart with 51.1% drop in sales, Malaysia and Indonesia registered 48.9% and 41.2% sales drop respectively. The ASEAN automotive aftermarket market, in turn, is stumbling from these reverberations.

Self-inflating Tires for Better Efficacy in Existing and Futuristic Cars

Over or under-inflated tires diminish fuel efficiency and range for conventional and electric vehicles (EV). As such, companies such as Continental AG have developed self-inflating tire concept that maintains pressure at preferred levels. The technology – C.A.R.E (Connected Autonomous Reliable Electrified) – is closely aligned with the requirements of e-mobility and autonomous driving.

The tires feature in-built pumps attached in the wheels that ensure the tire pressure remains in optimal range for efficiency. This technology is expected to help reduce CO2 emissions as well as slight improvement in average fuel economy. Majority of vehicle owners are focusing on leveraging self-inflating tires concept in a bid to avoid unnecessary maintenance expenses.

ASEAN Automotive Aftermarket Market – Competitive Intelligence

The ASEAN automotive aftermarket market is fairly competitive with, leading players capturing around 30% of the overall market value.

Most of the automotive aftermarket repair service providers in ASEAN countries fail to facilitate customers with a wide range of maintenance and repair services. Consequently, shop owners are focusing on offering specific services, or expanding their service radar. Moreover, small-scale players are forming partnerships with fleet operators and leasing firms to provide optimum maintenance and replacement services at cost-effective prices.

Find More Valuable Insights on ASEAN Automotive Aftermarket Market:

FMI, in its new market research study, delivers an unbiased analysis of the ASEAN automotive aftermarket market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report provides complete analysis on ASEAN automotive aftermarket market through three different categories – by category, by vehicle type, and region. The global ASEAN automotive aftermarket market study offers insights of pricing by different life cycle analysis, product life cycle, key market trends and technologies that are being implemented in the development of the ASEAN automotive aftermarket and product adoption in various end-use industries.

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ASEAN Automotive Aftermarket Segmentation

To understand and assess opportunities in the ASEAN automotive aftermarket, we have divided the report into three sections based on market segmentation as under:

By Category

  • Parts
    • Tires
    • Batteries
    • Filters
    • StartersandAlternators
    • Lighting
    • Exhaustcomponents
    • Sparkplugs
    • Lubricants
    • Collisionbody
    • Wear and Tear Parts
  • Accessories
    • Interior
    • Exterior
  • Services
    • General automotive repair
    • Automotive transmission and others

By Vehicle Type

  • Passenger cars
  • Commercial Vehicle

By Country

  • Malaysia
  • Indonesia
  • Philippines
  • Vietnam
  • Singapore
  • Thailand
  • Rest of ASEAN

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ASEAN Automotive Aftermarket Market Outlook & Key Findings

  • The ASEAN automotive aftermarket market is expected to click US$ 19.4 Bn in 2020
  • Manufacturers to reap substantial revenues from automotive aftermarket parts through 2030
  • Passenger cars continues to account for greater demand for automotive aftermarket services over the decade ahead
  • Malaysia, Indonesia, and Thailand to collectively capture over 80% of overall market value

Top Reports Related To Automotive Market Insights

Off-Highway Vehicle (OHV) Telematics Market : As per the FMI’s study, off-highway vehicle (OHV) telematics market is poised to expand at an impressive 15.40% CAGR during the assessment period of 2021 and 2031. The market valuation will reach US$ 424 Mn in 2021.

Automotive Interior Leather Market : Globalization of the automobile industry and rising demand for automotive interior customization are expected to remain chief driving factors of the global automotive interior leather market. According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021.

About FMI

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

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/asean-automotive-aftermarket
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Automotive Pump Market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over (2021-2031)

The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

The rising passenger vehicle sales will remain a chief growth driver. In terms of vehicle type, passenger vehicle segment is forecast to remain dominant, accounting for over 70% of sales recorded in the market.

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Key Takeaways of Automotive Pump Market Study

  • After a period of slow growth amid COVID-19, the automotive pump sales is poised to recover, exhibiting nearly 6% Y-o-Y growth in 2021
  • The demand from the U.S. will remain a chief growth driver as the country continues accounting for over 80% of sales registered in North America
  • Increasing passenger vehicle production will support growth in the U.K., enabling it to register 3.5% Y-o-Y growth in 2021
  • Within Western Europe, Germany, France, and Spain are expected to emerge as key pockets for sales
  • While China will continue dominating APEJ on the back of booming vehicle production, the demand from India and South Korea will continue rising at a  positive rate
  • Japan will emerge as a highly lucrative market exhibiting positively rising sales through the forecast period

“The increasing demand for environment friendly vehicles aimed at curbing carbon emission is expected to provide an impetus to compact utility vehicle sales. Compact size, low fuel consumption and high performance of compact utility vehicles are key factors boosting their sales. This also will create attractive opportunities for automotive pump sales in the coming years,” said a lead analyst at FMI.

Who is winning?

The automotive pump market is a highly competitive. There is ample focus on innovations, research and developments by market players as they seek gaining competitive advantage. Some of the players are focusing to carve a niche for specific demography. Expansion of electric vehicle market is expected to boost sales of automotive pumps in the coming years. Companies operating in the market are therefore focusing on merger and acquisition to expand their footprint and product portfolio.

For instance:

  • In October, Johnson acquired Stackpole International, a prominent engine & transmission pumps and powder metal components supplier.
  • In October, Magna International’s powertrain manufacturing unit in Benevento, Italy, completed production of five million oil pumps for the Fiat 1.4-litre engine since 2005

Some of the leading players operating in the market are Delphi Automotive, DENSO Corporation, ZF TRW, Johnson Electric and Continental AG.

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Global Automotive Pump Market by Segments

Category

  • Pump
    • Fuel Supply Pump
    • Fuel Injection Pump
    • Transmission Oil Pump
    • Conventional Engine Oil Pump
    • Variable Engine Oil Pump
    • Steering Pump
    • Coolant Pump
    •  Windshield Washer Pump
    • Vacuum Pump
  • Sales Channel
    • OEM
    • Aftermarket
  • Technology
    • Electric
    • Mechanical
  • Vehicle Type
    • Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
    • Two Wheeler

Country

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Rest of Latin America
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Benelux
  • Rest of Western Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • China
  • India
  • ASEAN
  • Australia and New Zealand
  • South Korea
  • Rest of APEJ
  • South Africa
  • Turkey
  • Egypt
  • Restof MEA
  • Japan

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Table Of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Key Market Trends

3.1. Key Trends Impacting the Automotive Pump Market

3.2. Product Innovation / Development Trends

  1. Key Success Factors
  2. Global Automotive Pump Demand Analysis 2016-2020 and Forecast, 2021-2031

5.1. Historical Market Volume (‘000 units) Analysis, 2016-2020

5.2. Current and Future Market Volume (‘000 units) Projections, 2021-2031

5.3. Y-o-Y Growth Trend Analysis

  1. Global Automotive Pump – Pricing Analysis

6.1. Regional Pricing Analysis By Pump Type

6.2. Global Average Pricing Analysis Benchmark

Key Questions Answered in the Report

  • Which is the most lucrative market for automotive pumps?

China currently leads the automotive pump market. Sales in China will be account for nearly 38% of total demand through 2031.

  • Which vehicle type exhibits high demand for automotive pumps?

The passenger car segment is expected to dominate the automotive pump market. The rising sales of passenger cars are driving the growth of this segment.

  • What is the growth rate of automotive pump market?

Global automotive pump market is likely to rise at a CAGR of 6.1 % between 2021 and 2031.

  • Which are some of the leading companies in the automotive pump market?

Some of the leading companies in the global automotive pump market are Aisin Seiki, Denso Corporation and Delphi Automotive.

  • Which vehicle type is driving sales of automotive pump market?

The passenger vehicles are driving sales of automotive pump because they are comparatively economical than commercial vehicles and account for larger share of the total vehicle owning population.

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Automotive Head-up Display Market : As per recently updated report by Future Market Insights (FMI), the automotive HUD market valuation is forecast to reach US$ 563 Mn by the end of 2021. The global automotive HUD market is expected to exhibit an impressive 11.5% y-o-y growth owing to high demand for modern safety system and increase in sales of electric vehicle.

Car Security System Market: The car security system market is expected to reach a valuation of US$ 7.60 Billion by 2021, according to the latest insights by Future Market Insights (FMI). The overall sales is expected to grow at a CAGR of 5.8% between 2021 and 2031.

About FMI

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

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/automotive-pumps-market
Press Release Source: https://www.futuremarketinsights.com/press-release/automotive-pumps-market

 

Compaction Machines Market is estimated to reach US$ 3,444.3 Mn by the end of 2015

Future Market Insights (FMI), in its latest report titled “Compaction Machines Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025”, has projected the global compaction machines market to expand at a steady CAGR of 6.2% in terms of revenue during the forecast period 2015–2025. The compaction machines market is estimated to reach US$ 3,444.3 Mn by the end of 2015, and 6,310.7 Mn by the end of 2025.

Increasing investment in infrastructure development and new road development and maintenance is fuelling demand for compaction machines globally. It is projected that the total investment in infrastructure activities would account between 3.5% and 4% of the global GDP by the end of 2030. Investment in road development and maintenance is forecasted to account for 28% of the total investment made between 2015 and 2025. Furthermore, focus on developing smart cities, runaways, and dams is further expected to boost demand.

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Product-wise, the market is segmented into heavy compaction machine and light compaction machine. Heavy compaction machines are further sub-segmented into single drum roller, heavy tandem roller, and pneumatic roller. Light compaction machines segment, is sub-segmented into light tandem roller, hand operated machines, and trench roller. As far as unit sales are concerned, the light compaction machines segment account for approximately 85% share of the overall market in terms of unit sales, and is likely to dominate the market by the end of 2025, with the rising adoption in footpaths, road, and highway maintenance.

Region-wise, Western Europe and Asia Pacific represented prominent markets for compaction machines globally in 2014. In terms of market value, the compaction machine market in developing countries of Asia Pacific is collectively projected to expand at a CAGR of 7.6%, with major Asian economies such as India and China playing a major role. However, in term of unit sales, Western Europe dominates with more number of unit sales in the light compaction machinery segment. The Asia Pacific region is expected to be the largest compaction machine market in terms of value by 2025 end, followed by Western Europe and North America.

As per the ongoing trend in the market, the intelligent compaction machines with display, sensors and telematics are being included in most of the key players’ product offerings.  Currently, the heavy compaction machinery’s rental penetration and secondary sales market is growing significantly. However, this trend is expected to pose a major challenge for new equipment sales.

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Market segmentation

The next section of the report analyses the market on the basis of products and presents the forecast in terms of value for all the years till 2025. Products covered in the report are as follows:

  • Heavy compaction machines
    • Heavy tandem roller
      • 5-8 Tonne
      • 8-11 Tonne
      • > 11 Tonne
    • Single drum roller
      • 3-5 Tonne
      • 5-8 Tonne
      • 8-12 Tonne
      • 12-15 Tonne
      • > 15 Tonne
    • Pneumatic roller
    • Light compaction machines
      • Hand operated machines
        • Rammer
        • Vibratory plates (forward)
        • Vibratory plates ( reverse)
        • Walk behind roller
      • Light tandem roller
        • < 1.8 Tonne
        • 8-3 Tonne
        • 3-5 Tonne
      • Trench roller

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The next section of the report analyses the market on the basis of region and presents the projection in terms of value for the forecast period. The global compaction machine market report covers the following regions:

Key companies in the compaction machines market include XCMG Co. Ltd, Wacker Neuson SE, Terex Corporation, Atlas Copco, Volvo Construction Equipment – Volvo CE, Caterpillar Inc., BOMAG GmbH, Zoomlion Heavy Industries Science and Technology Co Ltd, Wirtgen Group and Sany Heavy Industries Co Ltd. Currently, global players account for over two-thirds of global revenues, however, in the future, new entrants to the market are expected to gain traction.

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Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

Electric Scooters Market : Growing environmental concerns, coupled with demand for reduced costs of commute, easy commutation, and emission control are primary factors encouraging the adoption of electronic vehicles across the world. These factors also will enable the electric scooters sales to total US$ 8.8 Bn in 2021.

About Future Market Insights (FMI)

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

Contact

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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United Arab Emirates
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Automotive Aftermarket is set to exhibit 7.1% CAGR between 2021 and 2031 | Bosch, Denso Corporation, Continental AG and ZF

Future Market Insights (FMI) sees impressive prospects for automotive aftermarket in APEJ. It has forecast the market to US$ 254.5 Bn by the end of 2031. Auto-components are subjected to abrasions and wear-outs by end use. Hence the need of repair and replacement of automotive components in existing vehicles has created an aftermarket system, consisting of multiple vendors providing the respective components. The type of vendors range from tier-1 multinational to small scale domestic vendors. Several factors such as expansion of the auto-components industry and the penetration of aftermarket services are anticipated to drive the APEJ automotive aftermarket during the forecast. FMI has projected sales of automotive parts to account for leading share of the market. According to the report, segment comprising parts will account for over 65% of the market in 2021.

The APEJ automotive aftermarket is expected to gain significantly from the advent of IOT enabled services. Since public transport will be reduced due to social distancing, demand for personal driving will surge. More miles driven indirectly will create opportunities for the aftermarket growth. Besides this, proliferation of electric vehicles will have positive impact on the market in the near future.

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Key Takeaways of Automotive aftermarket components Market Study

  • APEJ automotive aftermarket is set to exhibit 7.1% CAGR between 2021 and 2031
  • China being the largest automotive market in the world, is also expected to dominant share of 60.8% in APEJ
  • India however is expected to exhibit higher growth. FMI has projected the India market to register nearly 7% Y-o-Y growth in 2021
  • ASEAN will emerge as a highly lucrative market, rising at an accelerated pace through forecast period
  • South Korea and Oceania will remain bright spots in APEJ automotive aftermarket

“The automotive aftermarket has been a profitable business since the last few years. Predictive maintenance programs and product performance monitoring have offered a value added proposition to the aftermarket products. Robust supply chain management has proven to be instrumental in establishing the business footprint for component manufacturers.”

Who is Winning?

The APEJ automotive aftermarket is a highly competitive market exhibiting presence of global as well as regional players. Companies operating in the market are focusing on innovations, launches, and strategic collaborations to gain significant impetus.

For instance:

  1.  Nippon Paint inked partnership with HMSI, to authorize aftermarket paints and ancillary products in India, in June 2019
  2. Bridgestone’s webfleet solutions enabled vehicle manufacturers to connect their vehicles to fleet management solutions. This allowed access to rich OEM data for customers to benefit from actionable, data-driven insights easily, eliminating the need for aftermarket hardware installations.

Some of the leading players operating in the market are Bosch, Denso Corporation, Continental AG and ZF.

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Some of the leading companies operating in the market are:

  • Bosch
  • Denso Corporation
  • Hella KGaA Hueck & Co.
  • Continental AG
  • Delphi Automotive PLC
  • 3M
  • Aisin Seiki Co., Ltd.
  • Bridgestone Corporation
  • ZF Friedrichshafen AG
  • Mahle GmbH

Key Segments

Category

  • Parts
    • Tires
    • Batteries
    • Filters
    • Starters and Alternators
    • Lighting
    • Exhaust components
    • Spark Plugs
    •  Lubricants
    •  Collision body
    •  Wear and Tear Parts
  • Accessories
    • Interior
    • Exterior
  • Services
    • General automotive repair
    • Automotive transmission and others

Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

Country

  • India
  • China
  • South Korea
  • Oceania
  • ASEAN
  • Rest of APEJ

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About FMI

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

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Ethylhexyl Palmitate Market Overview Challenges, Top Industry Players, Regional Study and Opportunities During 2022-2029

 Ethylhexyl palmitate is obtained from palm oil lipid, and is used as an organic replacement to silicone. It is also known as octyl palmitate. It is a mild and smoothing ester. It is used in multiple skin products as an ingredient to maintain the thickness of the final product. Ethylhexyl palmitate is used in cosmetic formulations as a shining agent, smoothing agent, and moisturizing agent.

The increasing demand for anti-aging creams, baby oil, moisturizing creams, and various other skin-care products is expected to result in the rapid growth of the ethylhexyl palmitate market during the forecast period. A large number of players are participating in this industry. With the surging demand and growth in the number of manufacturers across the globe, the ethylhexyl palmitate market is heading towards a more competitive level.

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Market growth due to awareness about health, physical appearance, and personal hygiene

Increase in the demand for cosmetic products globally is a major factor driving the ethylhexyl palmitate market. Ethylhexyl palmitate is used in all beauty products as a primary ingredient for making cosmetics. Ethylhexyl palmitate is used in several products such as antiaging creams, baby oil, eye treatment products, bath salts & soaks, facial moisturizers, hair removal wax, foot moisturizers, general skin care, sunscreens, and women’s depilatories. Some of the other factors responsible for the growth of the ethylhexyl palmitate market include increase in awareness regarding the multiple benefits of these beauty products, increasing number health-conscious consumers, and growing interest in personal hygiene & physical appearance.

Increasing urbanization is also an important factor boosting the ethylhexyl palmitate market. Consumers using cosmetic products are likely to suffer from adverse reactions, allergies, infections, etc. Hence, people nowadays prefer organic, natural, and herbal products. The usage of ethylhexyl palmitate in cosmetics is totally safe, as it does not cause any reactions or infections. The Cosmetic Ingredient Review (CIR) concluded that ethylhexyl palmitate can be used as a safe cosmetic ingredient. As it is a natural and safe ingredient, the demand for ethylhexyl palmitate is rising.

Other major factors driving the ethylhexyl palmitate market are changing lifestyle, peer pressure for opting for new and innovative beauty products & cosmetics, air pollution, changing climate conditions, and rising & dipping temperatures in various developed and developing countries across the globe. Improving economic conditions in developing countries is another factor boosting the ethylhexyl palmitate market. American and European companies can enter the Asia Pacific market as several skin products and cosmetics are not available in the Asia Pacific countries. Moreover, attractive packaging is another factor that is increasing the demand for ethylhexyl palmitate.

In addition, the availability of advanced beauty treatments is a threat to the ethylhexyl palmitate market, as it is likely to reduce the interest of customers in ethylhexyl palmitate-based products.

Ethylhexyl palmitate Market: Regional Analysis

North America and Europe are developing as well as using advanced technology for the production of cosmetics. They are launching innovative and new cosmetic products often, hence, the demand for ethylhexyl palmitate in the North America and Europe regions is growing rapidly, as it is an important ingredient in cosmetic production. Moreover, there has been a shift in the preference of consumers toward herbal, organic, and natural products, especially in the U.S and European countries, because they suffer from allergies and infections due to the use of chemical ingredients in skin care products. The demand for cosmetics is growing rapidly in the Asian Pacific countries because of online shopping as well as increasing economic conditions & increasing urbanization. Moreover, the demand for ethylhexyl palmitate is on the rise in countries of the Asia Pacific region, especially Japan, India, and China.

Ethylhexyl Palmitate Market: Key Participants

Some of the key participants of the global ethylhexyl palmitate market are:

  • BOC Sciences
  • Bruchem, Inc.
  • Trivent Chemicals
  • Esters and solvents LLP
  • Universal Preserve-A-Chem Inc.
  • Making Cosmetics
  • Acme Hardesty
  • Parchem
  • Esters and Solvents LLP
  • Qingzhou Ailitong Chemicals Co, Ltd.
  • Shanghai Smart Chemicals Co. Ltd.
  • Hanianzhongxin Chemicals Co, Ltd.

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 market segments such as product type, application, and end use.

The report covers exhaustive analysis on:

  • Ethylhexyl Palmitate Market Segments
  • Ethylhexyl Palmitate Market Dynamics
  • Ethylhexyl Palmitate Market Size
  • Ethylhexyl Palmitate Supply and Demand
  • Current Trends/Issues/Challenges Pertaining to Ethylhexyl Palmitate Market
  • Competition Landscape and Emerging Market Participants in Ethylhexyl Palmitate Market
  • Technology related to Production/Processing of Ethylhexyl Palmitate
  • Value Chain Analysis of the Ethylhexyl Palmitate Market

Regional analysis includes:

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

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

Ethylhexyl Palmitate Market Segmentation:

The ethylhexyl palmitate market can be segmented on the basis of product origin, end use, property, and packaging.

On the basis of product origin, the ethylhexyl palmitate market can be segmented as:

  • Plant
  • Animal

On the basis of product end use, the ethylhexyl palmitate market can be segmented as:

  • Anti-aging creams
  • Baby Oil
  • Bath Salts and Soaks
  • Eye Treatment Products
  • Facial Moisturizers
  • Hair Removal Waxes
  • Foot Moisturizers
  • General Skin Care
  • Sunscreens
  • Women’s Depilatories

On the basis of product packaging, the ethylhexyl palmitate market can be segmented as:

  • Drum
  • Pail

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Report Highlights:

  • Detailed overview of parent market
  • Changing dynamics of the market
  • In-depth market segmentation and analysis
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on decorations and inclusions market performance
  • Must-have information for decorations and inclusions market players to sustain and enhance their market footprint

About FMI:

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

Contact Us:                                                      

Future Market Insights
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Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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Website: https://www.futuremarketinsights.com

Female Pelvic Implants Market is set to reach a valuation of US$ 245 Million in 2021, rising at a CAGR of 2.8% through the end of 2031

According to a recent report by Future Market Insights (FMI), rising prevalence of pelvic organ prolapse (POP) and stress urinary incontinence (SUI) is expected to boost the growth opportunities for female pelvic implants market. The market is set to reach a valuation of US$ 245 Mn in 2021, rising at a CAGR of 2.8% through the end of 2031.

increasing incidence of vaginal disorders among aged women coupled with the non-availability of other treatment options for SUI and POP will continue increasing the demand in the female pelvic implants market. According to the U.S. FDA, the number of women who have POP is estimated to surge by 46%, to 4.9 million, by 2050.

According to the American Urological Association (AUA/SUFU), the incidence of stress urinary incontinence (SUI) in women was reported to be as high as 49%. The incidence of stress urinary incontinence is high in women with poor or weakened pelvic supports. This disease affects the lives of women to a great extent and is widespread in the older population.

global female pelvic implants market key countries and indications mekko chart, 2021

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However, the low rate of efficacy after pelvic implantation and the problems of pelvic organ prolapse are hampering the growth of the female pelvic implants market.  COVID-19 is anticipated to have a moderately negative impact on the female pelvic implants market due to implementation of lockdown. Supplies and demand were jolted by the massive spread of the infection, which staggered the growth of the female pelvic implants market.

Key Takeaways from Female Pelvic Implants Market Study

  • Vaginal sling/tapes demand is anticipated to gain maximum revenue share of more than 68%, rising at an expected CAGR of 2.5% owing to the high demand to treat stress urinary incontinence.
  • Hospitals followed by ambulatory surgical centers are leading users of female pelvic implants growing owing to the rising number of POP and SUI patients.
  • The U.S. accounts for more than 83% of the North America market, driven by the high incidence of pelvic organ prolapse.
  • The U.K.is a leading market in Europe. It is expected to account for nearly 13% of demand registered in Europe by 2031. Implementation of government funded awareness programs will remain a chief growth driver.
  • Over 30% of the South Asia market is held by India. Growth in the country is propelled by significant investments in the expansion of healthcare sector.

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Key Companies Profiled :

  • Johnson & Johnson Services, Inc.
  • Coloplast A/S
  • Dipromed Srl
  • Boston Scientific Corporation
  • pfm medical ag
  • Betatech Medical
  • Promedon Group
  • Caldera Medical
  • Cook Medical

Key Segments Covered:

  • Product Type,
  • Indication,
  • End-User, and Region

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Key Regions Covered

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

Orthobiologics Market is likely to grow at a CAGR of 3.5% through 2027

The research report titled “Orthobiologics Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers annual sales revenue generated by various market segments during the period of assessment 2017-2027. Furthermore, developments taking place in the market, various trends impacting the performance of the market and other drivers fuelling revenue growth of the global orthobiologics market are enumerated in this elaborate research study. Certain challenges that are pulling market growth southward are also assessed in this report. The report presents a high-level overview of the global orthobiologics market to the reader and extends support in planning future moves by portraying an accurate forecast model of the global orthobiologics market.

Microfluidics Market is likely to witness a robust CAGR of 14.4% over the assessed period

[183 Pages Report] Applications of microfluidics in drug delivery and diagnostics will continue to fuel the market for microfluidics over the next few years. “The US$ 2.9 Bn microfluidics market will possibly cross US$ 11 Bn by the end of 2026. North America is expected to contribute over US$ 3 Bn to the total revenues in 2026. The collective share of North America and Asia Pacific will be over 40%,” states Future Market Insights in a recently published market report outlook, titled “Microfluidics Market: Global Industry Analysis and Opportunity Assessment, 2016-2026.”

he report by Future Market Insights analyses the global market for microfluidics over a 10-year forecast period, 2016-2026. The market is likely to witness a robust CAGR of 14.4% over the assessed period.

Key Insights: Market Dynamics

  • Increasing discretionary funding from national labs for R&D in the developed regions will remain a primary factor driving the growth of market through 2026.
  • Improving healthcare infrastructure and wide availability of affordable microfluidic devices or kits are also foreseen to boost the market growth in near future, especially in developing countries.

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  • Expansion of drug delivery sector will favour the market growth in near future.
  • Consistent advancements in the fields of genomics and proteomics are also expected to benefit the sales of microfluidics-based devices and kits.
  • Dynamic collaborations between key market players and active involvement of government entities will collectively foster the market through 2026.

Key Insights: Segments

Ceramics will remain dominant material type

Based on material, ceramics will continue to be the most sought after material for microfluidic device or kit manufacturing. Ceramics segment is expected to remain dominance, accounting for over 42% market value share in 2026, followed by glass, polymer, and silicon. While ceramics is likely to witness the fastest growth, polymer segment is anticipated to exhibit a significant CAGR of over 15% over 2016-2026, driven by PVC.

POCT will be dominant application segment

By application, POCT (point of care testing) segment is projected to retain dominance through 2026, accounting for over 33% share in terms of revenues. Clinical diagnostics and analytical testing will remain the next major segments in the global microfluidics market.

In-vitro diagnostics industry will hold maximum revenue share

On the basis of industry, in-vitro diagnostics, life science research, and pharmaceuticals are likely to be the key segments. In-vitro diagnostics segment is estimated to hold a share of over 35% in the total market revenues. The fastest growing segment will be in-vitro diagnosis.

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APEJ will be the most lucrative regional market

Geographically, North America, followed by Western Europe are expected to remain the dominant regions for microfluidics, capturing respective market value share of over 26% and over 21% share by 2026 end. Asia Pacific (excluding Japan) will possibly represent the most lucrative market, expanding at a significant CAGR of over 14% throughout the forecast period. This growth is attributed to growing use of microfluidics devices and kits for in-vitro diagnostics. North America and Western Europe will also exhibit significant growth rates over 2016-2026.

Key Insights: Leading Market Players

Some of the most prominent players in the global microfluidics market, include Agilent Technologies, PerkinElmer Inc., Thermo Fisher Scientific Inc., Qiagen NV, Bio-Rad Laboratories, Inc., Fluidigm Corporation, Abbott Laboratories, and F. Hoffmann-La Roche Ltd.

Almost all the leading companies serve point of care testing application and survive the competition with an individual differentiating strategy. Thermo Fisher Scientific Inc. and Abbott Laboratories, through active engagement in agreements and collaborations with leading regional companies, highlight a growing trend of strategic mergers and acquisitions among the top companies.

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Animal Model Market is poised to surpass US$ 2,200 Million by 2026-end.

[170 Pages Report] According to a recently compiled study by Future Market Insights, the global animal model market will reflect an impressive CAGR through the forecast period, 2017 to 2026. Revenues from the global market for animal model are poised to surpass US$ 2,200 Mn by 2026-end.

LEVERAGING ANIMAL MODELS OFFERS BETTER UNDERSTANDING OF DIFFERENT DISEASES

Animals and human beings share a common biological as well as physiological structure. Animals possess shorter life cycle, however they have high genotype resemblance. It is simple and easy to control the animal environment as compared to the human beings.

The animal models are increasingly being used in the biomedical research that helps to develop new treatment methods for various diseases. Leveraging animal models offers a better understanding of different diseases, along with the efficacy of drugs with regard to the diseases.

Owing to these factors, demand for animal models has been witnessing a significant surge in the healthcare sector. Alternatives such as cell cultures, tissue cultures, and computer models are also available, however animal models are more preferred owing to the complexity of the living systems. This further makes animal models an effective choice for biomedical research.

Development of animal models, which are more predictive in being effective is an iterative process. However, progress is being made, with researchers applying new experimental approaches to elucidate the biology of specific diseases for the creating of new and efficient animal models.

During the development of new drugs dedicated to complex diseases, researchers are being well advised for testing drugs in multiple animal models as well as in mouse strains with different genetic backgrounds.

Researchers are also focusing on employing translational efficacy or pharmacodynamic biomarkers for linking efficacy observed in clinical results with pre-clinical analyses.

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KEY TAKEAWAYS FROM FMI’S REPORT ON GLOBAL ANIMAL MODEL MARKET
  • North America is expected to remain the largest and fastest expanding market for animal model, with revenues estimated to surpass US$ 800 Mn by 2026-end. Between animal model markets in Asia-Pacific and Europe, the former will account for relatively larger revenue share, whereas the latter will expand at a comparatively higher CAGR through 2026. Although the market in South Korea will account for the lowest market revenue share, revenues are projected to expand at a relatively higher CAGR than those from the markets in Latin America and Middle East & Africa (MEA) through 2026.
  • On the basis of species, revenues from rats and mice are projected to account for over two-fifth share of the market by 2026-end. Revenues from use of rats in animal models will expand at the highest CAGR in the market through 2026. In addition, revenues from use of cats and monkeys in animal models will rise at a nearly equal CAGR through 2026. Dogs and pigs are expected to remain the least lucrative species used in animal models during the forecast period.
  • Contract research organizations (CROs) and biotechnology companies are anticipated to remain the fast expanding end-users of animal models. Revenues from these two end-users are collectively forecast to surpass US$ 850 Mn by 2026-end. In terms of revenues, academic & research institutions and pharmaceutical companies will continue to be dominant end-users in the global animal model market.
  • Basic and applied research application of animal model will continue to register the fastest expansion through 2026. However, drug discovery/development will remain the most lucrative application of animal model.
  • Key companies actively contributing to growth of the global animal model market include Transposagen Biopharmaceuticals, Inc., Envigo CRS SA, Crown Bioscience, Inc., Eurofins Scientific SE, Genoway SA, Taconic Biosciences, Inc., Trans Genic Inc, The Jackson Laboratory, Horizon Discovery Group plc, and Charles River Laboratories International, Inc.
KEY SEGMENTS OF ANIMAL MODEL INDUSTRY RESEARCH

Animal Model Market by Species:

  • Rats
  • Mice
  • Guinea Pigs
  • Rabbits
  • Monkeys
  • Dogs
  • Pigs
  • Cats
  • Other Species

Animal Model Market by End User:

  • Academic & Research Institutions
  • Pharmaceutical Companies
  • Biotechnology Companies
  • Contract Research Organizations (CROs)
  • Other End Users

Animal Model Market by Application:

  • Basic and Applied Research
  • Drug Discovery/Development

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Animal Model Market by Region:

  • North America Animal Model Market
  • Latin America Animal Model Market
  • Europe Animal Model Market
  • East Asia Animal Model Market
  • South Asia & Pacific Animal Model Market
  • Middle East & Africa (MEA) Animal Model Market