Market Research Blog

The MENA commercial vehicles (trucks) market is projected to expand at 3.4% CAGR, in terms of volume between 2022 and 2027. Sales of commercial vehicles (trucks) in MENA will reach US$ 6.57 Mn by the end of 2022.

A new report published by Future Market Insights titled ‘Commercial Vehicles (Trucks) Market: Middle East & North Africa (MENA) Industry Analysis 2012 – 2021 and Opportunity Assessment 2022-2027’ studies the performance of MENA commercial vehicles (trucks) market over a 15 year assessment period from 2012 to 2027.

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The report presents the value and volume forecasts of the MENA commercial vehicles (trucks) market and provides key insights into the factors driving market growth as well as the factors restricting the market growth.

The estimates point to a revenue growth from nearly US$ 5,250 Mn in 2021 to nearly US$ 8,500 Mn by 2027 end, resulting in a CAGR of 5.0% during the period of assessment. In terms of volume, the MENA commercial vehicles (trucks) market was pegged at 152,191 units in the year 2021 and is poised to reach a figure of 212,232 units in 2027, and display a CAGR of 3.4% in the forecast period.

Rapid development and growth of oil and gas industry in the rest of Middle East region to boost market revenue growth

Commercial vehicles are commonly used as a medium of transport for different types of end use industries and they are helping in tasks such as unloading, loading and transportation of goods. The construction industry is exhibiting a fast growth due to the vast number of projects in the pipeline in each country of the Middle East and this also has connection with the plans of the countries in the Middle Eastern region to diversify their economies.

These developments are also related to the large scale international events that are going to be held in this region such as World Expo 2020 to be held in Dubai and the FIFA World Cup 2022 to be held in Qatar.

The construction industry in Iran was estimated to be valued at US$ 154.4 billion in 2016 from US$ 88 billion in the year 2013 and due to this upward growth, the market for heavy trucks is likely to boost in this country. Also, due to the rising urbanization, the construction industry is experiencing rapid growth in rest of the countries in the Middle East which is further expected to boost the demand for commercial vehicles in building and construction activities in the region.

Iran is also one of the biggest markets for trucks in the MENA region, and with the economic sanctions lifted up from Iran, it is experiencing a huge growth in its economy and is likely to be one of the prominent markets for heavy duty commercial vehicles.

On the other hand, other countries in the region like UAE and Oman are also becoming attractive markets for commercial vehicles due to their vast use in end-use industries such as the petrochemical industries, and this is expected to boost the overall demand for trucks in the Middle East region.

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MENA Commercial Vehicles (Trucks) Market: Segmentation and Forecast

The MENA commercial vehicles (trucks) market is segmented on the basis of class type and region. On the basis of class type, the market is segmented into light duty, medium duty and heavy duty. On regional basis, the market is segmented into Middle East (Saudi Arabia, Turkey, Rest of Middle East) and North Africa.

• The heavy duty segment was estimated to be valued at nearly US$ 3,200 Mn in 2021 and is likely to reach a valuation of nearly US$ 5,300 Mn in 2027 and in the process exhibit a CAGR of 5.1%.
• The medium duty segment was estimated to be valued at nearly US$ 1,850 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 3,000 Mn in 2027 and exhibit a CAGR of 4.8%.

MENA Commercial Vehicles (Trucks) Market: Regional Forecast

• The commercial vehicles (trucks) market in Saudi Arabia was estimated to be valued at nearly US$ 560 Mn in 2021 and is likely to reach a valuation of nearly US$ 900 Mn in the year 2027 and exhibit a CAGR of 4.6% during the assessment period.
• The commercial vehicles (trucks) market in Turkey was estimated to be valued at nearly US$ 1,350 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 2,150 Mn in 2027 and exhibit a CAGR of 5% during the period of forecast.

MENA Commercial Vehicles (Trucks) Market: Vendor Insights

This report includes some of the key players functioning in the MENA commercial vehicles (trucks) market such as Daimler AG, AB Volvo, Scania AB, Paccar Inc., MAN SE, Navistar International Corp., Hino Motors, Ltd., Isuzu Motors Ltd., Dongfeng Motor Corporation, FAW Group Corporation, Toyota Motor Corporation, Ford Motor Company, Nissan Motor Company Limited, General Motor Company and Volkswagen AG. Manufacturers are using advanced telematics systems and financing options to lure customers.

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Scope of Report

About the Automotive Division of FMI

The automotive division of FMI offers a novel approach and innovative perspective in the analysis of the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery across the manufacturing sector and distinctive analysis about the installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders, and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

Explore FMI’s Extensive ongoing Coverage on Automotive Domain

Powerglide Shifter Market: According to latest research by Future Market Insights, powerglide shifter market will grow at a moderate rate during 2021-2031.

Oil Catch Cans Market: According to the latest research from Future Market Insights, oil catch cans market is projected to grow steadily between 2021 and 2031 at a CAGR of 3% to 5%.

Oil Breather Tank Market: According to the latest research from Future Market Insights, oil breather tank market is expected to grow steadily at a CAGR of 3%-5% between 2021 and 2031.

EV Charging Cables Market: According to latest research by Future Market Insights, EV Charging Cables market is set to witness a robust growth during 2021-2031 reflecting a CAGR of over 6% during the same period.

Automotive Brackets Market: The steady growth in the demand of passenger cars will benefit the demand for automotive brackets in the coming years.

Automatic Gearbox Valves Market: The automatic gearbox valves sales is estimated to grow steadily between 2021 and 2031, with a CAGR of 4% – 6%, according to Future Market Insights’ latest study.

Automotive Brake Tube Market: According to latest research by Future Market Insights, automotive brake tube market is set to witness steady growth during 2021-2031.

Automotive Cross Member Market: According to latest research by Future Market Insights, automotive cross member market is set to witness steady growth during 2021-2031.

Automotive Console Box Market: According to latest research by Future Market Insights. Automotive console box market is set to witness stable growth during 2021-2031.

Automotive Counter Shaft Market: According to latest research by Future Market Insights, automotive counter shaft market is set to witness steady growth during 2021-2031.

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,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/mena-commercial-vehicles-market
Press Release Source: https://www.futuremarketinsights.com/press-release/mena-commercial-vehicles-market

Widespread usage of paper in the fast moving consumer goods (FMCG) sector boosts the growth of the paper industry, which eventually leads to escalation of demand for carbonate minerals that are used in manufacturing paper. Registering revenues of more than US$ 45 Bn in 2019, global carbonate minerals market is projected to exhibit a healthy CAGR during the forecast period of 2019 – 2029. Furthermore, carbonate minerals are used as both building materials and as an ingredient in cement. Flourishing construction industry is thus another major factor that creates positive prospects for the growth of carbonate minerals market.

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Compact wheel loaders are utilized in several industries to load materials from one place to another. They are majorly used in the construction industry, where they are a stepping-stone between skid steer and large wheel loaders. In addition, compact wheel loaders are used in the agriculture, industrial, and utility sectors. Increasing preference towards electric compact wheel loaders to attain zero carbon emission is propelling the growth of the compact wheel loaders market. According to a new research report published by Future Market Insights (FMI), the compact wheel loaders market is estimated to reach a valuation of US$ 6 Bn by 2030.

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Key Takeaways of Compact Wheel Loaders Study

1. Latin America, Oceania, and South Asia are estimated to grow at a significant pace, owing to ongoing construction activities and infrastructural investments in these regions.
2. Several advantages such as better maneuverability, lifting abilities, and multiple attachments compatibility are broadening the adoption of compact track loaders.
3. Construction activity is anticipated to remain the foremost application in the global market, and hold the dominating market share throughout the forecast period
4. Key market players are focusing on launching new products driven by advanced technologies to gain a competitive advantage in the global compact wheel loaders market landscape.
5. The ongoing global COVID-19 health crisis is estimated to negatively impact the overall construction equipment market, due to prolonged inactivity in the construction industry, interrupted fund flows for operations, and overall delays in construction project timelines.
6. As a preventive measure against the COVID-19 crisis, a majority of manufacturers are prioritizing workforce safety and are shutting down most of their production plants for a limited time duration.
7. In certain regions, the construction equipment industry is facing challenges of complying with strict standards. These standards require manufacturers to invest heavily in new technologies, thus shrinking their returns on investments (ROI).

“Realizing a gradual decline in worldwide demand, players are limiting the production of compact wheel loaders to avoid the overstocking of products. Market participants need to develop robust production strategies in order to reduce risks of opportunity loss to their companies.”

• Base Year – 2019
• Historical Period – 2015-2019
• Forecast Period – 2020-2030
• Market Value in 2019 – US$ 4.8 Bn
• Segments Covered – Product, Application, and Region
• Regions Covered – North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa
• Growth Drivers
  • Investment upheaval in construction projects
  • Rising shift towards electric compact wheel loaders
  • Leading players are focusing on developing tech-advanced compact wheel loaders

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COMPACT WHEEL LOADERS MARKET TAXONOMY

The global compact wheel loaders market is segmented in detail to cover every aspect of the market and present complete market intelligence to the readers.

Product

• Compact Track Loaders
• Skid Steer Loaders
• Backhoe Loaders
• Wheeled Loaders

Application

• Construction
• Agriculture & Forestry
• Industrial
• Utilities

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA

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Compact Wheel Loaders Market: Competitive Landscape

The compact wheel loaders market is consolidated, owing to the presence of a limited number of manufacturers across the globe.  Caterpillar, Inc., Komatsu Ltd., Deere & Company, Doosan Corporation, and Volvo Construction Equipment are the leading players in the compact wheel loaders market. Top 5 players account for over 40% share in the global market. Introduction of technologically-advanced products while adhering to stricter environmental regulations is among the key strategies being adopted by prominent manufacturers, worldwide.

Rising Preference towards Electric Compact Wheel Loaders to Attain Zero Carbon Emission

Governments across the globe are enacting stringent regulations in an effort to reduce carbon footprint. Electric compact wheel loaders curb carbon emissions by around 30% as compared to conventional construction equipment, given their advanced engine technology.

Top Reports Related To Automotive Market Insights

Golf Cart Market : Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards.

Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).

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
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Report: https://www.futuremarketinsights.com/reports/Compact-Wheel-Loaders-Market
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Crawler excavators continue to gain popularity across the globe owing to their exceptional features such as high lifting capacity, flexibility and mechanical power. Demand for advanced crawler excavators is increasing at a substantial level in mining and construction activities. Infrastructural development, industrialization and urbanization which is ongoing in emerging countries situated in region such as Asia Pacific, the Middle East and Latin America has also provided an impetus to the global crawler excavator market. Future Market Insights (FMI)’s newly published report reveals that the global market for crawler excavator will surpass US$ 180 ‘000 Units by 2026-end. Sectors such as construction mining and excavation are undergoing immense scale of automation, which is resulting in increased adoption of crawler excavators in these sectors.

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Realising the potential, many market players are actively focusing on further technological innovation and adding cutting-edge features to their product. In order to increase market presence, players are stepping efforts to improve their product functionality. Crawler excavators offer greater level of safety and efficiency in construction and mining activities. Moreover, these equipment facilitate faster digging and removal of debris, which is consider as a major factor supporting their adoption.

Using crawler excavator, builders, construction companies and mining companies are not only reaching higher efficiency but they can easily manage some of most complex construction tasks. Also, these vehicles can greatly reduce downtime in construction and mining sites. The modern hydraulic crawler excavator have automated and remote control applications, which allow operators to remotely control or manage loading/unloading and digging operations. The factors as such are expected to support the global market for crawler excavator during the forecast period.

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Additional Highlight from the Report Include:
In terms of revenue, Asia Pacific excluding Japan (APEJ) is expected to dominate the global crawler excavators market in 2018, and the trend is likely to continue throughout the assessment period. APEJ crawler excavators market is set to exhibit a volume CAGR of 3.2% over the forecast period.
On the basis of product type, the short tail segment is expected to remain highly lucrative over 2026.

Currently, the segment represents for more than 32% volume share of the global market and is expected to reach a valuation of US$ 76.4 ‘000 units by the end of forecast period, reflecting a CAGR of 2.6%.
Based on bucket capacity, the medium (2.00-4.00) segment is likely to retain its position over 2026. It terms of volume, this segment currently commands for more than one-third share of the global market. During the assessment period, the segment is projected to increase at a CAGR of 2.3%.
Based on operating weight, the 22,650-30,200 Kg segment is anticipated to grow reach a valuation in excess of US$ 48.2 ‘000 units in 2026, expanding at a steady growth rate.

On the basis of end use vertical, the construction segment is expected to hold its dominant position in 2018 and beyond. Currently, the segment represents a market volume of over US$ 100 ‘000 units and is projected increase at CAGR little under 3% during the forecast period.
Segmentation
Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Product Types

• Standard
• Hybrid
• Short Tail
• Super Long Front

Bucket Capacity

• Small (0.30-2.00)
• Medium(2.00-4.00)
• Large(Above 4.00)

Operating Weight

• 12,500-22,100 Kg
• 22,650-30,200 Kg
• 34,300-45,750 Kg
• 51,000-70,650 Kg
• 78,500-93,300 Kg
• Above 95,900 Kg

End Use Vertical

• Construction
• Mining
• Forestry & Agriculture
• Others

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Competitive Landscape
Key players profiled in the report include Hyundai Construction Company, Deere & Company, Volvo Construction Equip., CNH Industries, Liebherr, Caterpillar, Hitachi Construction Machinery, Komatsu, Doosan Bobcat, Inc, and Sany Group.

Top Reports Related To Automotive Market Insights
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/crawler-excavator-market
Press Release Source: https://www.futuremarketinsights.com/press-release/crawler-excavator-market

Compact loaders have transformed from single tool equipment – bucket only – to multi-tool equipment. Advances in attachment offerings over the past decade have stepped up the versatility and productivity of compact loaders.

At present, compact loaders are commonplace in landscaping projects and construction sites, given their optimal size, low fuel consumption, and new attachment options.

At the heart of some of the most notable tech-enabled transformations over recent past, compact loaders have emerged as fertile breeding ground for innovations and application versatility.

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Compact Loaders Market Size Study

• Players to reap relevant profits from industrial   and agriculture and forestry sectors
• Compact track loaders to generate significant revenue through 2030
• Market in North America to make considerable strides, especially in agriculture and forestry vertical
• E-mobility to define growth strategies of market players in near future

“Reliability, coupled with long-lasting service life, of compact loaders is auguring well for rental models in the global market, which captures relatively greater revenue share in the compact construction equipment industry versus other product families such as general purpose excavators. In addition, advent of electromobility (e-mobility) is expected to further work in favor of rental business models in coming years,” says analyst at FMI.

COVID-19 Impact on Compact Loaders Market

With prolonged inactivity in construction industry, overall delays in construction project timelines, and interrupted fund flows for operations, the global compact loaders market is at the wrong end of COVID-19 pandemic.

As a preventative measure against COVID-19 crisis, majority of manufacturers have been prioritizing workforce safety and are closing down most of their manufacturing units for certain timeframe.

Construction activities have contracted across the globe in Q2 of 2020 amid countrywide lockdowns and impact of physical distancing protocols. About a quarter of projects were paused in the second quarter, and on-site productivity is projected to fall by 12% in near future.

Moving ahead, sales volume of construction equipment has plummeted nearly 70% on-year during first quarter, and utilization has almost halved, following 20% volume dip in FY 2020. That said, the compact loaders market is set for steady recovery as building sites gradually reopen after lockdown relaxations.

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Compact Loaders Market – Competitive Intelligence

Significant rise in e-mobility is likely to reimagine the market landscape. Manufacturers are investing heavily in transforming their product lines from diesel to electric. For instance,

• Case Construction Equipment has rolled out Project Zeus 580 EV, which is regarded as first fully electric backhoe loader in construction industry.
• Volvo CE is expected to kick start the production of its range of electric wheel loaders and compact excavators, which would be ideal for city use.
• Yanmar Holdings has acquired ASV Holdings, which is among key suppliers for compact tracked loaders and skid steer loaders. The acquisition has aided Yanmar Holdings to utilize well-established dealer network of ASV Holdings and strengthen its position globally, particularly in North America.

Market Taxonomy

Application

• Construction
• Agriculture and Forestry
• Industrial
• Utilities

Product Type

• Compact Track Loaders
• Skid Steer Loaders
• Backhoe Loaders
• Wheeled Loaders

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Middle East and Africa
• Japan

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Furthermore, the trend towards electrification of compact loaders is poised to persist as technology matures and becomes more consolidated for off-road use cases.

• Base year considered – 2019
• Historical Period- 2015 – 2019
• Forecast period – 2020 – 2030
• Market Value in 2019 –
• Segments covered -Product type, application and region
• Regions Covered -North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa (MEA), and Japan
• Key Companies-Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Yanmar Holding Co. Ltd., Volvo Construction Equipment, Liebherr Group, Deere & Company, Xuzhou Construction Machinery Group Co. Ltd., Sany Heavy Industry Co. Ltd., Doosan Corporation, KUBOTA Corporation, CNH Industrial N.V., and Takeuchi Mfg. Co. Ltd.

Key Questions Answered in the Report:

1. Which product type will hold major share of compact loaders market globally and why?
2. What are the factors driving the global compact loaders market?
3. What will be the revenue size of compact loaders market by 2030?
4. Who are the leading manufacturers in the compact loaders market?
5. Which trends and innovations are expected to transform the global compact loaders market in coming years?

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,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/

According to a recent report by Future Market Insights (FMI), the bicycle components aftermarket is projected to grow at CAGR of 7.0% from 2021 to 2031, surpassing US$ 26.5 Bn. The demand for bicycle components is associated with the rise in demand for bicycles.

Different types of transmission technologies find deployment in the global automotive TCU market such as manual transmission (MT) and automated manual transmission (AMT). In manual transmission, a driver has 100% control over gear shifting, whereas AMT involves clutch-pedal free manual transmission. The shift from manual cars and a move towards hassle free driving has resulted in an upward growth shift in the global automotive TCU market.

A new report by Future Market Insights presents clear insights on the global automotive TCU market performance. The report also highlights the drivers influencing the growth of the global market, restraints limiting revenue growth, and trends governing the market. According to the report, the global automotive TCU market is expected to witness a robust CAGR of over 7.5% during the forecast period 2021-2031.

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Global Automotive TCU Market: Dynamics

There are various factors responsible for the growth in the automotive TCU market. Rise in emission control rules is a major market revenue growth driver. Many companies have adopted the first ever GHG regulations for heavy duty vehicles and engines. Also, control in the global inflation rate has strengthened the demand in various regions such as Europe and North America. With forces like the above at play, much of the growth in the global automotive TCU market is expected to come from developed economies.

Global Automotive TCU Market: Segmental Highlights

For easy understanding and accurate analysis of the global automotive TCU market, the market is segmented on the basis of application, vehicle type and region.

• The various segments of the automotive TCU market based on application include AT, CVT and DCT. The AT (Automatic Transmission) segment is expected to dominate the market with the highest market value share by the end of 2031. However DCT (Dual Clutch Transmission) is expected to witness growth at the highest CAGR of over 14.1% during the forecast period.
• The segmentation based on vehicle type includes passenger cars, HCVs and LCVs. Among these, the market for passenger cars is expected to stand exceptionally profitable with a projected grow at a robust CAGR of 7.8%.
• The regional segmentation holds crucial statistics for businesses currently operating in the industry. According to the forecasts presented in the report, North America is expected to dominate the global automotive TCU market, growing at a CAGR of over 8% in terms of value.

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Segmentation of the global automotive TCU market

Application

• AT (Automatic Transmission)
• CVT (Continuous Variable Transmission)
• DCT (Dual Clutch  Transmission)

Vehicle Type

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

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• MEA

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Global Automotive TCU Market: Competitive Analysis

The research report on the global automotive TCU market provides an analysis of the key players operating in the market. Some of the key players included in the report are Robert Bosch GmbH, Aisin AW Co., Ltd., Continental AG, Delphi Automotive LLP, Hitachi Automotive System, Ltd., Denso Corporation, Swoboda KG., ZF Friedrichshafen AG etc.

Specialty paper is used in packaging, printing and writing, and building and construction sectors. Their increasing application across diverse sectors can be attributed their moisture resistance, low-weight, waterproofing, cost-effective, and customizable characteristics. According to a Future Market Insights (FMI) report, the market is expected to surpass US$ 14.9 Bn in 2021, at a CAGR of 5.1% between 2021 and 2031.

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Future Market Insights has recently published a new market research study on the marine fuel injection system market that contains global industry analysis during 2014–2018 and opportunity assessment during 2019–2029.The report investigates the marine fuel injection system market and provides critical insights for the forecast period of 2019-2029. As per the key findings of the report, the global marine fuel injection system market is expected to witness considerable growth in upcoming years due to the steady expansion of vessel fleet as well as regulations imposed by International Maritime Organization towards improving the efficiency of new ships.

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The global marine fuel injection system market is likely to be valued at ~US$ 4.8 Bn in 2019, and is projected to increase at a CAGR of ~3% during the projected period of 2019-2029. This growth is expected to be mainly driven by increasing trade opportunities for crucial countries with prominent shipbuilding industries. Advanced fuel efficient technology is adding to the benefits of the marine fuel injection system market.

Increase in Global Maritime Tourism to Fuel the Market Growth

With the increasing disposable income, there has been noteworthy growth in the tourism in the recent past. Recreational water sports attract a paramount segment of people and growing traction of people towards it has been significant. Activities, such as yachting, kite surfing, and water skiing is expected to upsurge the marine tourism. The demand for new ships has increased owing to the growth in maritime tourism, which will ultimately boost the marine fuel injection system market in the near future.

Increasing fuel injection pressure in marine vessels lead to the increased rate of wear and tear property. To improve the combustion efficiency of an engine, high injection pressure is required. There has been increased demand for high pressure fuel injectors.  However, increased fuel injection pressure has amplified the stress applied on the fuel injector as well as on the other parts of the fuel injection system, including a fuel pump and high pressure lines. This might lead to the increased rate of replacement and reconditioning of fuel injection system in marine vessels, contributing to the growth of the aftermarket sales channel.

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Growth in Regional Shipbuilding Industries

China, in the APEJ region and Japan has maintained slow but steady pace in the ship building industry in terms of growth. Whereas, in South Korea, the industry faced sharp downturn due to overcapacity and weak financial performance of prominent players in the marine fuel injection systemmarket. This, in turn, significantly affected the OEM demand for marine fuel injection systems. However, there has been a notable increase in the demand for new ships creating a healthy environment for the shipbuilding industry in the region to recover.

Marine Fuel Injection System Market: Taxonomy

Sales Channel

• OEM
• Aftermarket

Engine Capacity

• Up to 2000 HP
• 2000 – 10,000 HP
• 10,000 – 20,000 HP
• 20,000 – 50,000 HP
• 50,000 – 80,000 HP
• Above 80,000 HP

Application

• Service Vessels
• Passenger Vessels
• Cargo Carriers
• Fishing Vessels
• Personal Watercrafts & Sailboats
• Others

Engine Type

• 2 Stroke
• 4 Stroke

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• MEA
• Japan

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Marine Fuel Injection System Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global marine fuel injection system market. Few examples of key players in the marine fuel injection system market are Cummins Inc., Liebherr International AG, Robert Bosch GmbH, Caterpillar Inc., Yanmar Co. Ltd., Suzuki Motor Corporation, v, MAN SE, DENSO Corporation, Rolls-Royce Power Systems AG, OMT – Officine Meccaniche Torino SpA, Woodward, Inc., and Heinzmann GmbH & Co. KG, among others. The global marine fuel injection system market is considered to be a significantly fragmented. Global players falling under tier-1 category accounts for ~25% of the overall market share, whereas medium-sized and small-sized players are expected to be prominent in the global marine fuel injection system market.

The automatic tire inflation system industry has been exhibiting steady growth since the past decade owing to the rise in requirement in utility vehicles, tractors, and heavy commercial vehicles (HCV). While the outbreak of the COVID-19 pandemic took a toll on the industry output due to the decline in automotive sector, the recovery has started since the last quarter of 2020. With the increase in investment on research & development (R&D) activities by manufacturers, and the key sales channels getting back on track, automatic tire inflation system industry is subject to significant growth in the coming years.

The latest revised edition of the report on ‘automatic tire inflation system’ market study by Future Market Insights (FMI) offers an exhaustive overview of the global industry trends, regional insights, demand-supply trajectories, and crucial factors during the forecast period of 2021 to 2031. According to the report, North America, Europe, and Asia Pacific will remain the leading regions, while high requirement from utility vehicle segment will drive the sales in 20+ countries.

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Key Takeaways from Market Study

• The global automatic tire inflation system industry is forecast to expand at over 5% CAGR through 2031
• Increase in application in utility vehicles and heavy commercial vehicles (HCV) is likely to be witnessed
• Original equipment manufacturer (OEM) segment to exhibit hegemony in terms of sales channel
• The United States to hold the major chunk of North America industry
• Germany remains the epicenter of Europe automatic tire inflation system industry
• The United Kingdom, China, Japan, India, Canada, France, and a few other countries to emerge lucrative
• Asia Pacific to register the fastest growth throughout the forecast period

“Advancement in manufacturing sector coupled with the rise in adoption of various automated systems and solutions in automotive sector are fuelling the sales of automatic tire inflation system,” says an FMI analyst.

How is the Recovery of the Automotive Industry Key to Automatic Tire Inflation System Providers?

Automatic tire inflation systems are highly sought-after in automotive industry owing to its unlimited advantages over the conventional system such aslower maintenance cost, higher safety, extended tire life, highly compatible with satellite communication services and telematics systems, and efficiency in providing proper pressure maintenance over road.

According to a report titled “Automotive Industry Spotlight” published by the SelectUSA, the United Sates has one of the largest automotive industries in the world, while in 2018, the U.S. light vehicle sales reached 17.2 million units. As stated in the report, new R&D initiatives are transforming the global automotive industry including the U.S., while according to Auto Alliance, globally UIS$ 105 Billion is spend on R&D in automotive industry. Though the situation changed temporarily in 2020, the automotive sector is getting back to its feet making the automatic tire inflation system providers optimistic again.

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Market Segmentation by Category

Vehicle Type

• Tractors
• Heavy Commercial Vehicles (HCV)
• Utility Vehicles

Sales Channel

• Original Equipment Manufacturer (OEM)
• Aftermarket

Component

• Hub Caps
• Hoses
• Axle & Wheel Component
• Others

Region

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

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Report Scope