Market Research Blog – Page 14957 – New Product Development

Aerospace Fasteners Market Challenges, Drivers, Outlook, Growth Opportunities – Analysis to 2026

Fasteners are the hardware components which are used to mechanically join two or more objects together. In the same context, aerospace fasteners are special grade hardware devices, used to connect parts of aircraft during original equipment manufacturing and aftermarket servicing. Aerospace fasteners are broadly used in commercial aircraft, military aircraft, ballistic missiles, rockets and satellites. Aerospace fasteners are made under strict regulations and standards so as to withstand high fatigue loading and drastic temperature changes. Manufacturers are focused to introduce aerospace fasteners with light weight and high strength metallurgical structure in order to provide increased life and reliability rate along with enhanced fuel efficiency of the aircraft.

The number of fasteners required in a typical aircraft could reach to millions in the form of nuts, bolts, pins, rivets, washers, etc. Growing defense and space exploration activities are contributing significantly to the growth of aerospace fasteners market. Commercial civil aviation industry, owing to increase in number of passengers travelling by air route, is growing at an unprecedented annual rate, creating significant demand for commercial aircrafts. This, in turn, is expected to push market growth of global aerospace fasteners market over the forecast period of 2016-2024.

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Aerospace Fasteners Market: Dynamics

The civil aviation industry is on the rise and competition among major airline companies has intensified. Unlike during the past, air traveling has no longer remained a luxury and more people are preferring air mode of transportation. Governments across the world are solidifying their air defense and strong demand for aircrafts exists both in commercial and military aircraft segments. With growing overall aircraft demand, market for aerospace fasteners is expected to witness significant growth over the forecast period. Upgraded technology and invention of more sophisticated and reliable materials are further anticipated to boost up the aerospace fasteners market from supply side. Moreover, replacement of aging aircrafts with Next-Gen aircrafts is another factor fueling up aerospace fasteners market globally. Whereas, high production cost, less availability of high grade materials and unexpected failure of fasteners are some of the major challenges existing in global aerospace fasteners market.

Major aerospace fastener companies are involved in business development strategies like merger & acquisition in order to spread their reach in targeted nations. Providing high quality and cost effective aerospace fasteners in stipulated time is another key strategy followed by key manufacturers to gain market position.

Aerospace Fasteners Market: Segmentation

The global aerospace fasteners market is segmented on the basis of aerospace application, type of fixing, product type, materials and head type. On the basis of application, aerospace fasteners market can be segmented as commercial aerospace and military aerospace. On the basis of product type, aerospace fasteners market can be segmented as pins, bolts, studs, screw and rivets. On the basis of material, aerospace fasteners market can be segmented as aluminum, steel, super alloys and titanium. On the basis of head type aerospace fasteners can be segmented as 12 points (Double Hex), 6 lobe recess, Dee, Rectangular, Screw, and others. Based on type of fixing, the market can be segmented as permanent fixing and temporary fixing.

Aerospace Fasteners Market: Region-wise Outlook

The global aerospace fasteners market is segmented into five key regions, namely North America, Latin America, Middle East & Africa, Asia-Pacific and Europe. Europe and United States with developed aerospace industry represent leading regional markets, capturing a substantial share in the global aerospace fasteners market. Developing infrastructure and generous strategies of governments in Asia-Pacific is expected to gain high market growth over the coming years.

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Aerospace Fasteners Market: Key Players
Major players in the global aerospace fasteners market include 3V Fasteners Company Inc., Alcoa Fastening Systems, TriMas Corporation (Allfast), B&B Specialties Inc., B/E Aerospace, Stanley Engineered Fasteners (Emhart Teknologies LLC), LISI Aerospace, National Aerospace Fasteners Corporation, Precision Castparts Corp., TFI Aerospace Corporation, TPS Aviation Inc., etc.

Tissue Paper Converting Machines Market Study: Demand Bolstered by Ascending Sales of Compact and High-end Tissue Paper Products

Worldwide sales of tissue paper converting machines reached ~3 thousand units in 2018, unveils the new research study by Future Market Insight (FMI). According to the report, the tissue paper converting machines market is estimated to grow by ~5% YOY in 2019, primarily influenced by recent technologies for enhancing tissue paper formats. According to FMI’s report, increasing focus on strength, printing and embossing quality, and production cost-effectiveness of tissue paper is contributing to the build-up of tissue paper converting machines market through 2027.

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In 2018, Gambini launched AirMill, the innovative technology that enhances the embossing technology and transformed the conventional tissue paper into increasing volume and good absorbency without compromising its tensile strength. Consumer proclivity for soft and high absorption quality tissue paper, combined with good strength and compact format, will also continue to provide a fillip to the sales of tissue paper converting machines in 2019 and beyond.

Companies Investing Heavily in Capacity Expansion of Tissue Paper Products

As per FMI analysis, the consumption of tissue paper in last three years has rapidly increased owing to the growing concern around hygiene maintenance. As tissue paper is used for one time only, it helps to prevent chronic disease spread. This creates a huge opportunity for tissue paper key players. The tissue paper manufacturers have started investing in capacity expansion and quality management.

On 27 November 2018, Cascade Inc. invested US$ 58 million to modernize tissue converting capacity at its Wagram, NC plant. In 2018, Metsa Tissue, replaced its old machines with an increased capacity machine having production capacity of 10,000 Tones. In order to deal with the growing demand of tissue paper in West European region, the company started new away-from-home, converting lines at its Germany plant.

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Implementation of Hybrid Technology in Industries Creating New Opportunities

In order to deal with market competition, key players are laying maximum focus on developing innovative and integrated technologies of tissue paper converting machines. In 2018, Gambini S.p.A. one of the leading manufacturers of converting machineries, introduced Gambini for You (G4U) – Pilot Line along with the strategic partner AirMil. This consists of a pilot line from the unwinders to the log saw with the format 2.8m and speed up to 550 m/min. Moreover, Fabio Perini S.p.A. recently launched MyPerini, a complete range of converting and packaging line for tissue papers.

Toilet Roll Converting Machine Lines Gaining More Traction

As per FMI’s study, the demand for toilet roll converting line is dominating the global market of tissue paper converting machines. The key players can skip the use of rewinding of logs using advanced toilet tissue paper converting lines. It is witness that the demand for toilet tissue paper is growing significantly in Asia Pacific and North American regions. As per the report, the global sales of toilet roll converting machines poised to reach ~2 thousand units in 2019. Following this, the demand for kitchen roll converting machines is estimated to shoot up by the end of 2027, as the European consumers have a higher demand for kitchen tissue paper in consumer and hospitality sectors.

The modern converting machines maintains the embossing and printing quality during tissue paper formatting. The sales of folded tissue paper converting machine lines will continue to remain less, reveals the FMI study. Owing to an increasing preference of pocket tissue papers, the demand for paper napkin converting machines is expected to be bearish during 2019-2027. The market share for standalone machines will remain constant due to increasing preference of integrated technology based machineries.

This study underlines key opportunities in the tissue paper converting machines market and finds that the market would exhibit growth at a value CAGR of ~5% during forecast period, 2019-2027. For in-depth information on tissue paper converting machines market, write in to the analyst at media@futuremarketinsights.com

About Packaging Division at Future Market Insights

The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help

Automotive Alloys Market Key Manufacturers, Development Trends and Competitive Analysis 2027

Automotive Alloys Market Overview

The global automotive alloys market is estimated to grow phenomenally owing to rapid urbanization, increasing vehicle production and fuel efficiency regulations. The global automotive alloy market has immense growth potential in terms of electric vehicle production and integration of advanced safety and comfort technologies in vehicles.

The global automotive industry is gradually transitioning towards light weighted vehicles. Due to a growing demand for safety and comfort technologies, automotive vehicles are becoming heavier. Light weighted vehicles are more fuel efficient and contribute to reducing emissions. Research and development on fuel economy of automotive vehicles shows a direct correlation between fuel efficiency and vehicle weight. This has influenced the trend to reduce weight in automobiles and to opt for light weighted alloys in automotive body panels. Thus, OEMs are now getting inclined to use lighter materials in vehicles. Growing demand for fuel efficient vehicles, and government regulations on reduction in vehicle weight are estimated to drive the growth of light weighted automotive alloys in automobiles. Automotive alloys are classified as steel alloys, magnesium alloys, aluminium alloys and others (composites).

In the global automotive alloys market, steel alloys account for the largest market share owing to a growing demand for steel alloys in India and China for manufacturing vehicles. Original Equipment Manufacturers (OEMs) in the automotive industry use magnesium alloy as a light metal alloy. Magnesium alloy offers thermal stability, strength, rigidity, ductility and specific strength; it also weighs lighter. Magnesium alloy is primarily used in the automotive body & chassis structure of a vehicle (oil pumps, housings, the crank shaft, the cylinder crankcase, mounts, brackets and the radiator support), and other interior parts. The market for magnesium alloys is estimated to grow at a stable rate over the forecast period. The aluminium alloy segment is estimated to grow fastest owing to a high demand for light weighted vehicles with aluminium alloys.

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Global Automotive Alloys: Market Dynamics

Drivers:

It is projected that the global automotive alloys market will be driven by the high demand of light weighted vehicles and the increasing pace of vehicle production. Also, the global automotive alloys market is estimated to be fuelled by rapid urbanization and regulations on fuel efficiency and greenhouse emissions.

Restraints:

In the global automotive alloys market, the relatively high cost of magnesium and aluminium alloys may hamper growth over the forecast period.

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Global Automotive Alloys: Market Participants

Some of the market participants identified in the global automotive alloys market are:

Constellium
AMG Advanced Metallurgical Group N.V.
KOBE STEEL, LTD
Novelis, Inc.
UACJ Corporation
ArcelorMittal S.A.
Nippon Steel & Sumitomo Metal Corporation
Norsk Hydro ASA
thyssenkrupp AG
Alcoa Corporation

Global Automotive Alloys Market: Segmentation

Following is the segmentation for the global automotive alloys market:

On the basis of type of alloy, the global automotive alloys market is segmented as

Steel
Aluminium
Magnesium
others

On the basis of application, the global automotive alloys market is segmented as

Structural
Powertrain
Exterior
Others

On the basis of type of vehicle, the global automotive alloys market segmented as

Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
Passenger Car

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
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 market performance
Must-have information for market players to sustain and enhance their market footprint

Automotive Radar Market Size, Analysis, Top Players, Target Audience and Forecast to 2026

Growing focus on active safety to decrease road accidents has shifted the focus of OEMs towards developing and incorporating new and advanced automotive radar systems. According to ‘Association for Safe International Road Travel’ (ASIRT), nearly 3,287 deaths per day are reported globally due to road accidents. Advancing automotive technology and concern to reduce road mishaps, has raised expectations for advance systems in vehicles such as automotive radar to improve vehicle safety. These systems transmits electromagnetic (EM) waves at microwave frequency and gather information with the help of electronic control unit about the obstacles within the vicinity of the vehicle.

As per the survey conducted by ‘Insurance Institute for Highway Safety’, one out of three lives can be saved by using radar system in the vehicle. Implementation of automotive radar systems in passenger and commercial vehicles started in early 90s, however owing to technological limitations, focus on further advancement slowed over the time. But, over the past decade, where active safety technology emerged as major hot spot for research, brought automotive radar system in the limelight again. Smaller devices with high operational frequency are being deployed so as to serve multiple applications. Furthermore favorable macro-economic and supportive regulatory framework is expected to create significant opportunity over the next few years. Regulatory approval of upcoming radar technology such as 79 GHz band radar across emerging markets such as India, Mexico etc. can generate robust growth opportunities in the market.

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Global Automotive Radar Market: Drivers

No doubt, automotive safety regulations which emphasizes, and even mandates use of such advance safety technology across regions is expected to drive the demand. Favorable macro-economic environment such as growing urban population, increasing disposable income, improving employment rates and consumer confidence index across prominent economies such as U.S., Canada, Germany, France, China, South Korea and India is anticipate to propel market growth.

Additionally, increasing demand for advanced features such as cruise control will upsurge demand for automotive radars, thus driving the automotive radar market. Ongoing innovations in the functionality and designs have fuelled investments in the global automotive radar market.

Global Automotive Radar Market: Restraints

One of the major factor restricting the growth of the global automotive radar market particularly in emerging region is the high initial cost of the optical and mechanical parts including micro electro mechanical sensors (MEMS), micro mirrors over pressure or piezoelectric sensors. Moreover, technical issues such as risk of mutual interference are expected to moderately affect adoption of these technology.

Global Automotive Radar Market: Segmentation

The global automotive radar market can be segmented on the basis of type, frequency, technology, application and regions. On the basis of frequency, the market can be segmented into 24 GHz system, 77 GHz system and 79 GHz system.

By type automotive cruise control (long-range radar) and anti-collision (short-range radar) are the commonly known automotive radar systems. On the basis of application, the automotive radar market can be segmented into forward collision warning system, lane departure warning system, parking assistance, adaptive cruise control (ACC) and blind spot detection. On the basis of technology, the global automotive radar market can be segmented into millimeter wave radar, ultrasonic radar, LiDAR (Light Detection and Ranging) and camera.

Global Automotive Radar Market: Region Wise Outlook

On the basis of regions, Europe is expected to be the most promising region due to presence of giant OEMs. Furthermore, the European Commission’s 79 GHz project to use short range radar equipment for European countries, fueled penetration of automotive radar systems in the European market. As far as adoption of these advanced gadgets is concerned, North America is expected to be the next big market. Asia Pacific is projected to grow at a significant rate during the forecast period and unfold new opportunities for the market. Low manufacturing cost together with increasing automotive sales is expected to drive the growth of automotive radar market in Asia Pacific. Middle East & Africa is anticipated to exhibit positive growth potential during the forecast period.

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Global Automotive Radar Market: Key Players
Some of the key players identified in the global automotive radar market are as follows

Delphi Automotive LLP
Autoliv Inc.
Denso Corp.
OmniVision Technologies, Inc.
Robert Bosch GmbH
Texas Instruments Inc.
Valeo Group
ZF TRW
SaberTek, Inc.
Analog Devices, Inc.

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Connected Aircraft Market Key Insights, Profiling Companies and Growth Strategies by 2026

In airline industry, customers across the globe are demanding for high speed internet access during their travel. In order to meet rising demand from passengers, the operators around the world are implementing broadband and satellite based connectivity solutions to their airplanes. Currently, concept of connected aircraft has gone far beyond from just a provision of internet access over 30,000 feet to travellers. Connected aircrafts has ability to send and receive the real time data from ground based operating systems, that provides the critical information related to avionic system in real time. In order to facilitate the real time data capturing, Airplanes are used as node in the sky to capture the hundreds of gigabytes of data from take-off to landing that helps to improve safety and efficiency of flight.

Connected Aircraft Market: Drivers and Restraint

In addition to inflight connectivity, airline industry also has the need of real time weather data gathering systems to ensure flight safety from changing weather conditions. Growth in demand for internet connectivity by passengers, need for real time communication system with ground based operations & maintenance team and growth in demand for real time data gathering system in order to improve safety and efficiency of aeroplane are the major drivers for connected aircraft market.

Major operators across the globe are using relatively slow VHF connections and data is being stored in broader ecosystem. Replacement of traditional data connections and data optimisation, are the major challenges for connected aircraft market.

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Connected Aircraft market: Segmentation

Connected aircraft market is categorised on the basis of components and connectivity technologies.

On the basis of components, connected aircraft market can be segmented in to Aircraft communication & reporting system (ACRS), aircraft condition monitoring system (ACMS) and electronic fleet bag. Aircraft communication and reporting system is used to communicate with ground based operations team in real time. ACRS is consists of antennas, wireless access points, modems and on-board server. Aircraft condition monitoring system (ACMS) is used to monitor the health of equipment and devices on plane.

On the basis of connectivity technologies, connected aircraft market is classified into L band, Ka- Band and Ku-Band. Ka-Band applications are specifically operates in the frequency range of 26.5 to 40 GHz electromagnetic spectrum, whereas Ku-Band applications uses the 12 to 18 GHz range of electromagnetic spectrum. Size of the antenna used for Ka-Band services is smaller than that of Ku-Band services.

Segmentation on basis of regions:

Connected Aircraft Market is sub-segmented into 7 key regions- North America, Latin America, East Europe, West Europe, Asia-Pacific excluding Japan, Japan and Middle East & Africa.

Connected Aircraft Market: Region wise outlook

Currently, North America is the largest region in overall connected aircraft market. US is the largest market followed by Canada, as there is growth in demand for inflight internet by air passengers across the region.

Middle East and Africa was the fastest growing market in 2015, due to huge investment by key players in business airlines in the region.

China and Germany were the leading connected aircraft markets of Asia pacific and Europe region respectively.

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Connected Aircraft Market: Key Players

Honeywell International, Inc (US), Inmarsat plc (UK), Iridium Communications Inc (US), Intelsat, S.A (Luxemburg), Eutelsat S.A.(France), Gogo Inc (US), Panasonic Corporation (Japan), Kontron AG (Germany), Rockwell Collins, Inc.(US), Zodiac Aerospace (France), Thales Group (France).

Automotive Gas Cylinder Market Competitor Analysis, Winning Strategies and Growth Drivers 2026

Future Market Insights (FMI), in an upcoming market research study, brings to fore both macro- and microeconomic factors that will shape the growth curve of the global Automotive Gas Cylinder Market. The report offers detailed insights on the Automotive Gas Cylinder Market through an extensive analysis of key growth drivers, latest trends, potential challenges, and revenue growth prospects based on historical data.

Crucial information and forecast statistics, in terms of value and volume, covered in the Automotive Gas Cylinder Market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

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COVID-19 Impact Analysis

The recent outbreak of the COVID-19 has adversely affected various markets in the chemicals & materials industry. The Automotive Gas Cylinder Market is no different. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential chemicals and raw materials faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Automotive Gas Cylinder Market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Automotive Gas Cylinder Market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Automotive Gas Cylinder Market: Segmentation

Valuable information covered in the FMI’s Automotive Gas Cylinder Market report has been segregated into key segments and sub-segments.

On the basis of product type, global automotive gas cylinder market can be segmented into

type 1
type 2
type 3
type 4
type 5

On the basis of vehicle type, global automotive gas cylinder market can be segmented into

passenger
light commercial
heavy commercial

Automotive Gas Cylinder Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Automotive Gas Cylinder Market. Competitive information detailed in the Automotive Gas Cylinder Market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Automotive Gas Cylinder Market report.

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Key players covered in the report include:

3M, CleanNG, CNG Cylinders International, Cobham plc, Faber Industrie S.p.A., Luxfer Gas Cylinders, Quantum Fuel Systems LLC., Beijing China Tank Industry Co. Ltd., Everest Kanto Cylinder Ltd. and MCS Technologies GmbH.

Important Questions Answered in the Automotive Gas Cylinder Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Automotive Gas Cylinder Market been expanding during the forecast period?
How will the global Automotive Gas Cylinder Market look like by the end of the forecast period?
What innovative strategies are adopted by Automotive Gas Cylinder Market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Automotive Gas Cylinder Market?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Automotive Gas Cylinder Market

Automotive ECU Market Key Players, Industry Overview, Applications and Analysis 2026

Automotive ECU or Electronic Control Unit is a family of computer systems that controls and maintains the entirety of electronic, electrical and mechanical systems of a vehicle. ECU can be classified based on the functions such as Engine Control Module (ECM), Body Control Module (BCM), Electronic Brake Control Module (EBCM), Powertrain Control Module (PCM), Transmission Control Module (PCM), Suspension Control Module (SCM), Door Control Unit (DCM), Battery Management System (BMS), General Electric Module (GEM) and others. Automotive functions ranging from the movement of the windows to the amount of air-fuel mixture required for each engine cylinder has an ECU system embedded with it which is recorded, analyzed and stored in the microcontroller. Technological advancements in automotive technology has led to an increase in implementation of complex ECUs in a vehicle. Some of the automobile models running today on the roads have more than 80 different ECUs present in it.

Automotive ECU Market Dynamics

Increased demand for technologically advanced vehicles like hybrid cars in the developed and developing countries is one of the major factors driving the growth of ECU market. Government regulations to reduce fuel usage and increasing demand for better mileage of the vehicles by the general public is another major factor leading to high growth of ECU market in the automotive industry. The steady growth of alternative vehicle choices such has the hybrid and pure electric cars in the developed nations has contributed significantly to the ECU market due to high complexities of these vehicles over conventional vehicles. Driver safety, security concerns, ease of driving, low maintenance demanded by the customers are also some of the factors driving the growth of ECU market.

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The involvement of smartphones connected to the vehicle providing the driver with real time information about the state of vehicle is a major trend in recent times. These advanced ECU systems with the provision to connect with the smartphones easily can lead to an improvement in the growth of ECU systems.

An ECU system usually comprises of electronic and mechanical components working in tandem with each other. Perfect integration of these components is a major challenge which in turn can hinder the growth of the ECU market.

Automotive ECU Market: Segmentation

Automotive ECU System Market can be segmented by vehicle type, sales channel and applications.

By vehicle type it can be segmented as:

Passenger vehicles Internal Combustion Engines Hybrid Vehicles Battery Electric Vehicles (BEV)
Light Commercial Vehicles
Heavy Commercial Vehicles

By sales channel, it can be segmented as:

Original Equipment Manufacturer
Aftermarket

By application, it can be segmented as:

Engine Control Module
Transmission Control Module
Powertrain Control Module
Airbag Control Module
Body Control Module
Electronic Braking Control Module
Steering Control Module
Climate Control Module

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Automotive ECU Market: Regional Outlook

The Global Automotive ECU system market is segmented into seven geographical regions such as North America, Latin America, Western and Eastern Europe, Asia Pacific Excl. Japan (APEJ), Japan, Middle East and Africa (MEA). Automotive production hubs such as China, India, and South Korea in the APEJ region is anticipated to grow at a significant CAGR due to steady growth of automotive production and sales. North America has witnessed a steady growth rate in the adoption of hybrid and electric vehicles leading to improved sales of automotive ECU market in the region.

Automotive ECU Market: Key Players

Some of the major players identified in the Global Automotive ECU Systems are:

Robert Bosch GmbH
Continental AG
Magneti Marelli S.p.A.
Denso Corporation
ZF TRW Automotive
Delphi Automotive
Autoliv Inc.
Hitachi Automotive
Takata Corporation
Mitsubishi Electric Co.

Automotive ECU Market: Segmentation

By vehicle type it can be segmented as:

Passenger vehicles
Internal Combustion Engines
Hybrid Vehicles
Battery Electric Vehicles (BEV)
Light Commercial Vehicles
Heavy Commercial Vehicles

By sales channel, it can be segmented as:

Original Equipment Manufacturer
Aftermarket

By application, it can be segmented as:

Engine Control Module
Transmission Control Module
Powertrain Control Module
Airbag Control Module
Body Control Module
Electronic Braking Control Module
Steering Control Module
Climate Control Module

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
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 market performance
Must-have information for market players to sustain and enhance their market footprint

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.

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Biogas Market Growth Spearheaded by U.S., Germany, and China, Driving Sales at 6.80% CAGR through 2031: FMI

As per a Future Market Insights (FMI), the global biogas market is projected to grow at a steady 6.80% CAGR over the forecast period from 2021 to 2031. The overall market size is expected to top US$ 61.2 Bn by 2031, with the U.S., Germany, India, and China emerging as key producers and exporters of biogas.

Shifting focus on renewable sources of energy to reduce fossil fuel dependency is a chief factor driving sales of biogas across various countries. In addition to this, governments in several countries are promoting the adoption of biogas as vehicular fuel, which is expected to augment growth of the market through 2031.

Sales prospects of biogas were dampened due to COVID-19 outbreak. However, with resumption in trade activities, recovery of the biogas market is on cards. FMI has projected demand for biogas to grow year-over-year by 7.10% globally between 2020 and 2021.

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The introduction of circular economy and increasing utilization of anaerobic digestion plants for biogas production are expected to emerge as lucrative trends in the biogas market. A circular economy promotes the reintroduction of wastes in the supply chain, improves waste management, and provides essential lipids for biogas production.

Apart from this, increasing adoption of biogas as vehicular fuel is also expected to fuel growth of the market. Countries such as Germany, Sweden, the U.K., and the U.S. are actively investing in biogas as an alternative to biofuels. This, in turn, is expected to push sales of biogas over the assessment period.

“Growing demand for biogas for household cooking applications, along with government-backed subsidies encouraging the usage of biogas in emerging economies are expected to bode well for the global biogas market through 2031,” says an FMI analyst.

Key Takeaways:

Based on source, the municipal segment is expected to expand at a steady pace over the forecast period, due to increasing utilization of municipal solid waste (MSW) for biogas production.
In terms of applications, sales of biogas in the electricity segment are projected to continue rising in response to growing demand for renewable sources of energy.
The U.S. will emerge as a lucrative biogas market, with sales growing at a 6.10% CAGR in the North America region.
Germany will continue exhibiting high demand for biogas due to stringent regulations regarding carbon neutrality. The Europe biogas market is poised to grow at a 5.90% CAGR through 2031.
China is expected to remain one of the key producers and exporters of biogas, accounting for a dominant share of the global biogas market.
Japan and South Korea will collectively account for 7.40% of the total biogas market share in 2021.

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Competitive Landscape

Air Liquide, Wartsila, EnviTech Biogas AG, Asia Biogas, SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB, Schmack Biogas GmbH, Swedish Biogas International AB, PlanET Biogas Global GmbH, S. P. Renewable Energy Source Pvt. Ltd, Agrinz Technologies GmbH, and Greenlane Biogas are among the leading players operating in the global biogas market.

As per FMI’s analysis, top 5 players comprising Total SA, Air Liquide, Wartsila, Planet Biogas Global GmbH, and EnviTec Biogas AG are projected to hold around 27.10% of the total biogas market share in 2021.

Leading players operating in the biogas market are focusing on production facility expansions through mergers, acquisitions, and collaborations. This is expected to assist manufacturers in gaining a competitive edge in the market. For instance:

In October 2021, EnviTech Biogas AG announced a strategic collaboration with BALANCE Erneuerbane Energien GmBH to build a bio-LNG (liquified natural gas) liquefication plant in Germany.
In December 2020, Scandinavian Biogas Fuels International AB, a key producer of biogas in the Nordics, announced that it has finalized the acquisition of Ekdalens Biostransport AB. The acquisition is a part of Scandinavian Biogas’s plans to achieve greater integration across the entire value chain, from organic waste to biogas and bio-fertilizers.

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More Insights into the Biogas Market Report

In its latest report, FMI offers an unbiased analysis of the global biogas market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of source (agriculture, municipal, industrial, and others), and applications (electricity, heat, vehicle fuel, and others) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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Global Dicamba Market to Witness Significant Growth in North America, Agriculture to Remain the Largest Application Segment

Growing need for broadleaf weed regulation will continue to be the key driver to the demand for dicamba globally. The global dicamba market is foreseen to witness healthy growth, reaching a value worth US$ 313.3 Mn in 2016. North America may outpace the largest dicamba market i.e. Europe, in terms of Y-o-Y growth.

Use of dicamba as an herbicide for controlling broadleaf weed in domestic, commercial, and non-commercial applications, will remain the primary factor fuelling the demand. Farmland maintenance is the most prominent driver to dicamba market growth. In addition to easy usage and widespread availability, rising need for food safety and security, and growing awareness about efficient crop protection, are likely to favour the growth of the dicamba market, especially in developing countries. Surging need for maximum crop yield without losing facing significant loss is also identified to be one of the important market drivers. Steadily increasing exports from China are foreseen to push the market growth further.

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A number of modern agricultural practices involve replacement or combination of glyphosate with dicamba, which may create lucrative opportunities. Moreover, wide acceptance of integrated pest management is also expected to spur the consumption of dicamba. The U.S. EPA’s recent approval for the usage of a non-volatile dicamba-based herbicide by Monsanto is now considered to be a major booster to dicamba market growth. Emergence of innovative applications of dicamba in addressing multiple weed destruction will be another critical factor pushing the market.

Drift damage caused due to the volatility of dicamba can remain a longstanding challenge to the market growth. Similarly, reported cases of illnesses and allergies in humans post-exposure to dicamba, will remain a major barrier to mass adoption. Strict regulations regarding approval is another key factor expected to restrain the market growth.

With revenues beyond US$ 265.0 Mn in 2016, agriculture will continue to lead the market in terms of application, with over 84% market value share. Lawn and turf segment is also expected to register a remarkable market share of over 12% in 2016. While the Y-o-Y growth of agriculture segment is projected to be of around 8.7% in 2017 over 2016, that of the lawn and turf segment is estimated at 7.3%.

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Regionally, Europe is currently the largest market for dicamba. However, it may witness a slight decline post-2016. This region is likely to account for over 26% market share in 2016, whereas the revenues can reach beyond US$ 83 Mn. A higher growth rate is expected to be registered by North America, possibly accounting for almost 24% share of the market value in 2016. In 2017, Europe will exhibit a strong Y-o-Y growth of 7.7% over 2016, whereas that of North America is projected to be of 9.2%.

BASF SE, E I du Pont de Nemours & Company, Monsanto Co., The Dow Chemical Company, Bayer AG, Nufarm Limited, and Syngenta AG are some of the leading companies competing in the global dicamba market. Recently, DuPont and Monsanto Co. announced a multi-year dicamba supply agreement, confined to North America.

Long-term Outlook: The global dicamba market is expected to expand at a robust CAGR of 15.4%.v

Dicamba Market by Category

By Physical Form:

Liquid
Dry

By Time Application?:

Post-emergence
Pre-emergence

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By Crop Type:

Cereal & grains
Oilseeds & pulses
Pastures & forage crops

Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Middle East & Africa
Japan

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Construction Aggregates Market expected to exhibit a healthy 6.8% CAGR between 2022 and 2031

As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global construction aggregates market reached US$ 344.4 Bn in 2021. Increasing investment in the infrastructure sector is anticipated to propel growth in the market, enabling expansion at 6.8% CAGR through 2031.

Digital transformation in the construction sector is streamlining industrial operations and paving way for technological advancements. This factor is allowing contractors to improve output, which in turn is resulting in high demand for construction aggregates.

Rapid urbanization in countries such as China and India is encouraging expansion of construction of residential sectors and healthcare facilities, thereby boosting sales of construction aggregates. Besides this, government-backed initiatives for facilitating housing developments in the U.S. and the U.K. will positively shape the demand outlook for construction aggregates.

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In addition to residential projects, expansions in the tourism and hospitality sector are creating lucrative growth opportunities for players operating in the market. Construction of hotels and resorts in counties like Germany and Italy is enhancing sales prospects of construction aggregates in the market.

Moreover, demand for sustainable and recyclable construction aggregates is creating avenues for innovation in the market. Leading players are capitalizing on this trend by sustainable alternatives in the market, augmenting the overall market growth.

Key Takeaways from the Construction Aggregates Market Analysis

Based on product type, crushed stone will dominate the market due to its easy availability and affordable price.
Construction aggregates will find applications in the infrastructure sector owing to increasing spending towards expansion of roadways and railways projects.
The U.S. is anticipated to exhibit high growth during the forecast period. Sales in the U.S. is expected total US$ 16.4 Bn in 2021.
Expansions in the tourism and hospitality sector in Germany will create opportunities for construction aggregates sales.
China will emerge as the most lucrative market due to increasing industrialization and urbanization in the country.
Increasing investments in residential and infrastructural development in India will promote sales of construction aggregates in the country.
Japan and South Korea will collectively account for 7.2% of the total market share.

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“Increasing government expenditure on infrastructural development, coupled with the adoption of latest technologies is shaping the growth outlook of construction aggregates market,” says the FMI analyst.

Competitive Landscape

Heidelberg Cement AG, Martin Marietta Materials Inc, LSR Group, LafargeHolcim Ltd., Cemex SAB de CV ADR, Vulcan Materials Company, CRH plc, Adelaide Brighton Ltd., Eurocement Group, and ROGERS GROUP INC. are among the leading players operating in the construction aggregates market.

As a part of their growth strategies, prominent players are emphasizing on production facility expansion and new product launches. Apart from these strategies, strategic collaborations, mergers and acquisitions will hold significance during the forecast period. For instance:

In July 2021, Germany-based HeidelbergCement announced its plans to invest in additional grinding capacity for its cement plants. These additions will potentially help the company cater to growing consumers’ demand.
In May 2021, Martin Marietta Materials Inc. acquired HeidelberCement’s Lehigh Hanson West Region business for US$ 2.3 Bn. The transaction includes the sale of cement, aggregates, ready-mix concrete, and asphalt in the U.S. West region, allowing the company to expand its footprint across the country.

More Insights into the Construction Aggregates Market Report

In its latest report, FMI offers an unbiased analysis of the global construction aggregates market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (crushed stone, sand and gravels), application type (commercial, residential, industrial, infrastructural), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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