Golf Cart Batteries Market 2021 Expectations & Growth Trends Highlighted Until 2028

Golf carts are generally battery-operated vehicles, simple in construction and have maximum speed of up to 31 Kmph, making golf carts safe and favorable vehicles to be used at public places such as railway stations, airports and tourist spots apart from golf courses. Further, golf carts are easy to operate and do not require trained people to operate them. Leniency in government regulations, coupled with simplicity in manufacture of golf carts, has boosted production of golf carts as well as Golf cart batteries across the globe. Since, the battery is playing key role of power source in the electric golf cart like fuel in conventional vehicle.

So, the type battery used in the golf cart is the matter of serious concern. As the range of the golf cart is totally dependent on the type of battery used. In the current scenario of golf cart batteries market, lead acid batteries are holding dominating shares. Moreover, it is expected that the demand for golf cart batteries is significant shifting towards li-ion batteries and it is anticipated to remain most attractive segment in the global market throughout the forecast period. The higher advantages offered by li-ion batteries such as long battery life, higher load carrying capacity, long distance can be covered and relatively small in size are driving the li-ion battery demand in the global golf cart batteries market.

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Global Golf Cart Batteries Market: Regional Outlook

In the global market of golf cart batteries, North America is expected to dominate the global market. This can be attributed to the strong golf industry in the U.S. and Canada. Moreover, Asia Pacific region is projected to register most prominent growth in the global golf cart batteries market. Owing to growing adaptation of golf carts in various applications rather than in golf industry. The growing tourism activities in the region is key point of attention for the positive outlook of golf cart batteries market in the future.

Global Golf Cart Batteries Market: Market Participants

  • Universal Power Group
  • Trojan Battery Company
  • EXIDE INDUSTRIES LIMITED
  • Lifeline
  • Amstron
  • Microtex Energy Private Limited
  • Johnson Controls, Inc. (VARTA® Batteries)
  • ACDelco

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The report covers exhaustive analysis on:

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

Regional analysis includes:

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

Global Golf Cart Batteries Market: Segmentation

The global market for golf cart batteries can be segmented on the basis of battery type, drive type, battery voltage, seating capacity and region

On the basis of battery type, global golf cart batteries market is segmented as:

  • Lead-acid Batteries
  • Li-ion Batteries

On the basis of drive type, global golf cart batteries market is segmented as:

  • 36V Electric Drive
  • 48V Electric Drive

On the basis of battery voltage, global golf cart batteries market is segmented as:

  • 6 volts
  • 8 volts
  • 12 volts

On the basis of seating capacity of golf cart, global golf cart batteries market is segmented as:

  • 2 – 4 Seater
  • 6 – 8 Seater
  • 10+ Seater

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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 Golf Cart Batteries 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 Golf Cart Batteries market performance
  • Must-have information for Golf Cart Batteries market players to sustain and enhance their market footprint

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Airboats Market 2021 Assessment and Key Insights Analyzed Till 2029

The Airboats are the type of watercrafts which are set in motion using a propeller installed behind the boat. This propellers are operated using either an aircraft engine or an automotive engine. These airboats are now used for end use sectors such as fishing, tourism, rescue operations, for defense and security, etc.

The airboats provide a decent speed on the water and are easy to maneuver due to their lightweight structure. These boats can be handled by one person and are very effective when driven over short distances. The use of airboats are primarily for the rescue operations, for the defense and military purpose like coast guards and is nowadays also implemented for fishing purpose. The airboats application can also be found in tourism industry which makes the airboats market, a market with significant customer base.

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Airboats: Dynamics

The recent development in the tourism industry, effective application of airboats in the fishing industry, use of airboats to maintain law and enforcement situations in the coastal areas are some of the crucial applications which are expected to improvise the improvements in the market on the global platform. The increased number of airboats in tourism industry can also feed the effective growth of the market in the coming years. The intensive sales of the airboats for the application in commercial purpose is also expected to boost the market in almost every region across the globe.

The increased trend of the airboats despite of the high cost is likely to boost the market of airboats. The significant development in the sales of the airboats will drive the market on a positive note. Also in the recent past, the intense sales of the airboats for the personnel use by the civilians is also going to provide a boom in the market. The effective application of airboats in the icy areas will also provide a wide and extensive customer base for the market.

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Airboats: Regional Overview

The market of Oceania is likely to surge with an impressive rate due to the powerful marine market in the region and massive costal area possessed by the prominent countries like Australia and New Zealand. The market of North America is likely to grow at a significant rate due to the considerable growth in the tourism industry and the increasing airboat tourist companies with lucrative packages in many states in the U.S. Latin America to have a stable growth in the market on the back of developments in the marine industry. The Europe is also anticipated to have a notable progress in the market of airboats over the forecast years. The powerful marine industry of ASEAN countries and the subtle costal area of India are going to sweep the market of South Asia. While the market of East Asia is also expected to proceed with a moderate growth rate over the foreseen period. The market of Middle East and Africa is unlikely to grow with a significant pace and is expected to grow with a slow pace over the years.

Airboats: Market Participants

  • Diamondback Airboats
  • PANTHER AIRBOATS
  • Floral City Airboat Company
  • American Airboat Corp.
  • Arctic Airboats  Ltd
  • CHRISTY HOVERCRAFT TM
  • Canadian Airboats
  • Hamant Boats
  • AirboatWest

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Airboats: Segmentation

On the basis of End use, airboats can be segmented as:

  • Military airboats
  • Rescue airboats
  • Tourist airboats
  • Hunting and fishing airboats
  • Personal airboats
  • Commercial airboats

On the basis of Engine used, airboats can be segmented as:

  • Aircraft engine airboats
  • Automotive engine airboats

On the basis of passenger capacity, airboats can be segmented as:

  • 1 to 3 seater airboats
  • 3 to 5 seater airboats
  • 5 to 8 seater airboats
  • 8  to 12 seater airboats
  • 12 to 18 seater airboats
  • 18 to 24 seater airboats

On the basis of sales channel, airboats can be segmented as:

  • OEM
  • Aftermarket

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Automotive Trailer Drawbar Market Insights, Deep Analysis of Key Vendor in the Industry 2021-2029

Automotive trailer drawbar is a mechanical component that acts as a coupling to connect a vehicle and its load carrying trailer. Axle and Load placement are crucial factors for the efficient towing of the goods where automotive trailer drawbar assist the trailer for efficient and stable running. There is wide Application of the Automotive Trailer Drawbar in the field of transportation, logistics, industrial and agriculture industry. Automotive trailer drawbar offers the stiffness to the chassis while carrying the load. Automotive trailer drawbar is majorly used in the commercial vehicles for towing the cargo.

Automotive Trailer drawbar is holding the high maintenance cost in the average operational life. This factor is estimated to hamper the growth of the automotive trailer drawbar market. Easy to Mount, Light in Weight, provide high resistance to the environmental conditions, offer high torque are the prominent emerging trends in the automotive trailer drawbar market.

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Automotive Trailer Drawbar Market: Drivers and Challenges

In the recent era, increasing trade volume and high demographic business spread across the globe have developed the requirement of efficient transportation and logistics solutions. Increasing usage of transportation and logistics are expected to drive the automotive trailer drawbar market. For the manufacturing segment, OEM players concern about transportation cost and quick deployment to reduce the lead time of the manufacturing. To reducing the lead time, Manufacturers need efficient transportation solution which results in swelling demand for the commercial vehicle across the globe. Growing Commercial Vehicle usage is expected to generate a requirement for the automotive trailer drawbar.

Additionally, increasing the use of automotive trailer from end-use industries, such as manufacturing, construction, and transportation is estimated to accelerate the demand for automotive trailer drawbar. Superior roadways connectivity and infrastructure are projected to accelerate the growth of logistics, which in turn to, generate the demand for automotive trailer drawbar. Automotive Safety and structure compliances are becoming a primary concern in many nations, which is projected to affect the production of automotive trailer drawbar in respective countries.

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Automotive Trailer Drawbar Market: Regional Outlook

North America is expected to hold the prominent market share throughout the forecasted period owing to rapid development in the transportation and logistics in the U.S. and Canada. However, emerging economies such as China, India, Turkey is witnessing the increasing usage of commercial vehicles. Increasing usage of the commercial vehicles are expected to accelerate the growth of the automotive trailer drawbar market. Additionally, the rising infrastructure activities and the growing investments by governments in respective regions are anticipated to bolster the global automotive trailer drawbar market in the near future.

Developed nations such as The U. S., Germany, The U. K., Canada demands for the fast and efficient road transportation. This factor will likely to affect the growth of the automotive trailer drawbar market positively. The Asia Pacific region is expected to witness maximum growth in the automotive trailer drawbar owing to increasing trade volume in the respective regions.

Automotive Trailer Drawbar Market: Segments

The Automotive Trailer Drawbar Market can be segmented on the basis of Design type, Vertical Load Carrying Capacity, sales channel, vehicle type, and region

On the basis of the design type, the Automotive Trailer Drawbar Market can be segmented as:

  • The straight drawbar
  • The Compound drawbar
  • The “A” frame drawbar

On the basis of the vertical load carrying capacity, the Automotive Trailer Drawbar Market can be segmented as:

  • Less than 4500 Kg
  • 4500 Kg – 7000 Kg
  • More than 7000 Kg

On the basis of the sales channel, the Automotive Trailer Drawbar Market can be segmented as:

  • Original Equipment Manufacturers (OEM’s)
  • Aftermarket

On the basis of the vehicle type, the Automotive Trailer Drawbar Market can be segmented as:

  • Passanger Cars
  • Commercial Vehicles
  • Light Commercial Vehicles (HCV)
  • Heavy Commercial Vehicles (LCV)

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Automotive Trailer Drawbar Market: Key Players

List of some of the prominent market participants in the Automotive Trailer Drawbar Market are as follows:

  • ALOIS KOBER GMBH
  • Nooteboom Trailers
  • Distag QCS (UK) Ltd
  • BPW Bergische Achsen
  • The Cartwright Group
  • Premier Manufacturing Company
  • Red Rock Manufacturing

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Automotive Floor Mats Market : Notable Developments & Geographical Outlook 2021 to 2029

Automotive floor mats are a vital part of the automotive to keep the vehicle floor neat and clean that used in commercial as well as a passenger vehicle. Automotive floor mats are the automotive accessories designed to protect the vehicle floor from wear, corrosion, and dirt. The Automotive floor mats are mainly utilized to keep the automotive interiors clean and neat. Majority of the automotive floor mats are removable and can be replaced easily. Majorly Automotive floor mats manufactured from synthetic rubber with unique shape and design to capture the dirt and water. The Automotive floor mats are required to maintain the specific standard to control odor release, durability of the automotive floor mats, and performance of the automotive floor mats in various heat levels. Automotive floor mats continue to be one of the maximum selling accessories in terms of volume, however their average selling price is low which doesn’t fetch substantial revenues.

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Automotive Floor Mats Market: Regional Outlook

East Asia is estimated to be the dominating region in the automotive floor mats market throughout the forecast period as the region accounts for around 25% of the global vehicle sales. North America region, as well as Europe region, is anticipated to gaining traction for aftermarket sales opportunities in the automotive floor mats market owing to automotive fleet size in the respective regions. South Asia Region is expected to witness maximum growth in the near future due to increasing automotive sales along with fleet size. In Oceania and Middle East & Africa is estimated to gaining traction soon owing to increasing preference towards passenger comfort and safety. Developed Economies such as U.S., Germany, OEM need to follow certain regulations to manufacture automotive floor mats which is estimated to hamper the growth of the automotive floor mats market.

Automotive Floor Mats Market: Drivers and Challenges

Many manufacturers are inclining towards new product development in the area of floor mats materials for high strength and long operational life. The increasing Research and Development Activities for new product development with advanced materials that anticipated to create the supply side trend in automotive floor mats market. In many nations, Original Equipment manufacturer needs to follow stringent regulations for the manufacturing of automotive floor mat to avoid safety hazards including odour release, durability, and performance in various heat levels.

Automotive Floor Mats Market: Segments

The Automotive Floor Mats Market can be segmented on the basis of Product Type, Material type, Design Type, Sales Channel, Fitment Type, vehicle type and region

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On the basis of the Product type, the Automotive Floor Mats Market can be segmented as:

  • All weather Mats
  • Carpet Mats
  • Rubber Marts
  • Logo Mats
  • Monogrammed Mats
  • Aluminum Mats
  • Natural Fiber Mats
  • Replacement Carpets
  • Cargo Liners

On the basis of the Material type, the Automotive Floor Mats Market can be segmented as:

  • Polypropylene
  • Polyamide
  • Polyurethene
  • Rubber
  • Aluminum
  • PVC

On the basis of the Design type, the Automotive Floor Mats Market can be segmented as:

  • Flat Automotive Floor mats
  • Molded Automotive Floor Mats

On the basis of the Fitment type, the Automotive Floor Mats Market can be segmented as:

  • Vehicle Specific
  • Universal Fit

On the basis of the Sales Channel, the Automotive Floor Mats Market can be segmented as:

  • OEM
  • Aftermarket
  • Online Sales
  • Offline Sales

On the basis of the Vehicle Type, the Automotive Floor Mats Market can be segmented as:

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

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Automotive Floor Mats Market: Key Participants

Examples of some of the market participants in the Automotive Floor Mats market identified across the value chain include:

  • Husky Liners, Inc
  • Maxliner USA
  • CURT Manufacturing LLC.
  • RACEMARK International, LLC.
  • Omix-ADA, Inc.
  • Stinzo Auotmotives Pvt Ltd
  • MacNeil IP LLC
  • Lloyd Mats Inc.
  • Prestige Loop Mats Industries Private Limited.
  • ExactMats Inc
  • Vaccess India Pvt Ltd
  • KK Motors Inc.
  • Auto Custom Carpets, Inc.
  • Zhengjiang The Best Craft Co.,Ltd
  • Network Auto Products

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Aerial Work Platform (AWP) Market will expand at a CAGR of 12.0%

[192 pages Report] An aerial work platform (AWP) Market are commonly used for all kinds of maintenance and construction activities, especially when it needs to be done at a certain height. It is used extensively in maintaining overhead lines in the power and telecommunications and in arboriculture industries. 

Aerial work platforms might even have advanced features including access and transport, including electrical outlets and compressed air connectors for power tools. It can also be fitted with specialized equipment, such as window glass frames and underbridge units for lifting operators to a certain height required for any working location.

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In its latest report, Future Market Insights (FMI), an ESOMAR-certified market research and consulting company, offers insights into key factors driving demand for the Aerial Work Platform Market in its recent analysis, market research and consulting firm. The study tracks global marine sales in 20+ high-growth aerial work platform (AWP) market, in addition to analyzing the impact COVID-19 has had on Aerial Work Platform in general, and Aerial Work Platform in particular.

How Does the Historical and Future Outlook for Aerial Work Platform Market Compare?

High growth in the aerial work platform market is supported by the surge in application across diverse industries. Increasing need for aerial work platforms in construction, mining, transport & logistics, aerospace and defense industries among others will remain a chief contributor towards growth. According to FMI, the market is set to grow at 12% CAGR between 2021 and 2031.

Besides new construction, AWP’s application is considered indispensable for maintenance works. The need for improving, maintaining, and preserving existing properties in the housing sector is fuelling the demand. Considering this, expansion of the real estate sector and increasing investment in property development will emerge as key growth drivers. While growth in the market was restricted in 2020 due to the unprecedented COVID-19 outbreak, recovery is expected with the recovery of real estate and construction sectors.

What is the Commercial Potential of Aerial Work Platform?

Increasing infrastructure investment across the world will boost commercial prospects for aerial work platforms. Because construction sector remains a key end user, stagnancy in construction activities, especially across developed markets might flatten growth prospects. Thanks to the bustling counterpart in emerging countries, overall demand is expected to increase significantly in the coming years.

According to the India Brand Equity Foundation (IBEF), the private equity and venture capital investment in infrastructure touched US$ 14.5 Bn in 2019 in India. Besides this, India plans to invest nearly US$1.4 trillion on infrastructure development and expansion between 2019 and 2023, which will present a highly lucrative growth to expand the AWP market.

Also in China, the demand is expected to surge especially as the government is focusing on infrastructure investment as a key driver of economic growth post COVID-19 outbreak. These factors are expected to improve commercial potential for the market, especially in developing countries.

Aerial Work Platform (AWP) Market Category-wise Insights

What is the Market Share of Scissor Lifts?

Among various kinds of aerial work platform available in the market, the demand for scissor lifts is expected to remain significantly high. This category wil hold the major revenue share in the market and are expected to retain their lead over the forecast period as they are flexible devices that are used by utilities, manufacturing, warehousing, and shipping industries.

Boom lifts will emerge as the second-leading segment because they are more versatile than scissor lifts. Boom lifts can be operated by a hydraulic arm to move around obstacles easily and also can achieve greater heights than to scissor lifts.

Scissor lifts however are expected to remain dominant through the forecast period. Scissor lifts are suitable for indoor maintenance or building activities outdoors. Scissor lifts are preferred in quieter working conditions and are often engine powered.

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Aerial Work Platforms Market by Category

Product Type

  • Boom Lifts
  • Scissor Lifts
  • Truck/Crawler Mounted Lifts
  • Push Around Aerial Work Platforms
  • Spider Lifts
  • Others

Platform Working Height

  • Below 10 Meters
  • 10 to 20 Meters
  • 20 to 30 Meters
  • Above 30 Meters

Fuel

  • Gas/ Diesel
  • Electric
  • Hybrid

End User

  • Industry
  • Construction
  • Mining
  • Transportation and Logistics
  • Manufacturing
  • Aerospace and Defence
  • Others (Utility, Government etc.)
  • Rental Providers

Region

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

Aerial Work Platform (AWP) Market Competitive Landscape

The aerial work platform market exhibits a high degree of consolidation. Companies operating in the market have been focusing on technology improvements and strategic collaborations to gain competitive advantage.

For instance:

  • Haulotte Group launched an auto-power of system to limit the power consumption while the boom is idle. This new system was launched in 2019. To achieve this, the company incorporated its diagnostic tool, called Haulotte ActivScreen Cat 2 with novel feature to enable auto power off
  • In 2019, Tadano Limited announced the launch of a compact rough terrain crane, available for sale in North America and named it GR-150XL-3

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Some of the leading companies operating in the market are:

  • Terex Corporation
  • J C BAMFORD EXCAVATORS Ltd.
  • Aichi Corporation
  • Haulotte Group
  • Linamar Corporation
  • Hunan Sinoboom Heavy Industry Co. Ltd.
  • Manitou Group

* The list is not extensive and is for representational purposes only. Total competitive intelligence is available in the report with SWOT analysis.

Brake Shims Market 2021 Industry Research, Segmentation, Key Players Analysis and Forecast to 2030

Brake shims are thin rubber adhesive or metal pads which are fitted between the brake caliper and the brake pad to correct slight differences that sometimes lead to noise. In majority of the newer automotive, the brake shims are primarily used to keep any rattles to a minimum and to control the excess noise, caused by disc for stopping movement of wheel hub.

Brake shims are used in disc brake systems in all vehicles including two wheelers, passenger cars and commercial vehicles. Installation of brake shims can be done on front side or rear side both in a wheel hub. Brake pads are also available in the market that come with adhesive brake pad shims in which brake shims are required to stick on the backing plate and doesn’t require use of lubrication. Furthermore, there are also titanium brake shims which perform as an improved thermal barrier. These reflect more heat than regular shims hence are used only for track use.

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Brake Shims Market: Dynamics

Rising demand for passenger cars along with increasing awareness for safety are the primary driving factors expected to accelerate the implementation of disc brakes in automotive. Subsequently, expected to bolster the growth of brake shims market.

Increasing adoption of disc brakes with noiseless operation in premium vehicles coupled with advent of innovative technologies in the automotive designs are expected to fuel the growth in demand for brake shims. In addition, higher sensitivity of brake shims for instant response is likely to propel the growth for brake shims market.

Impact of COVID-19 Crisis on Brake shims market:

The ongoing COVID-19 crisis has severely affected the global economy. According to the International Monetary Fund, the global economy is expected to fall below -3% subsequently effecting all the international trades.

With the economic activities in the globe coming to an almost standstill, the pandemic has affected the business, demand, trade and supply chains of many industries. The production activities for almost all the industries, including automotive, have been halted which has resulted in the reduction in demand for brake shims.

Brake Shims Market: Key Market Participants

  • Federal-Mogul Corporation
  • Avery Dennison Corporation
  • Trelleborg Sealing Solutions
  • A Stanztechnik Schulte GmbH
  • Brickham Stamping Company, Inc.
  • kebono Brake Corporation
  • Vibracoustic USA, Inc.
  • Yadong Industry Limited
  • Util group

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The report covers exhaustive analysis on:

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

Regional analysis includes:

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

Report Highlights:

  • Detailed overview of the 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

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Brake Shims Market: SegmentationThe global brake shims market is segmented by material type, vehicle type, and sales channel.

material type:

  • Rubber coated
  • PSA Material
  • Thermoset Material
  • Others

vehicle type:

  • Two Wheelers
  • Passenger Cars
  • Commercial Vehicles

sales channel:

  • OEM
  • Aftermarket

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CBRN Protection Equipment Sales Majorly Upheld by Personal Protection Equipment; Global Market Revenues Poised for 5% CAGR Through 2029

A new Future Market Insights (FMI) study suggests that the global CBRN (Chemical, Biological, Radiological and Nuclear) protection equipment market will exhibit a healthy CAGR of more than 5% during the forecast period of 2019 – 2029. Greater emphasis of governments on enhancing safety of military forces constitutes a major push to global sales of CBRN protection equipment.

Increasing production of bioweapons, bio-agents, as well as chemical weapons has strengthened the demand for CBRN filtration systems, integrated COLPRO systems, and decontamination shelter systems. Demand for personal protective equipment such as gloves, boots, body suits, masks, and hoods is also rising, in line with rise in precautionary training practices.

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Key Takeaways – CBRN Protection Equipment Market Study

  • Personal protection equipment will continue to be bestselling throughout the forecast period. The rising focus on safety among military personnel has enhanced demand in countries such as the U.S., Canada, Germany, France, Italy, Spain, and the U.K.
  • Demand for integrated COLPRO systems is anticipated to multiply, with rising requirement from developed economies such as the U.S., the U.K., and Germany.
  • Decontamination shelter systems would gain significant traction, which will drive CBRN protection equipment market growth.
  • With increasing CBRN attacks in developing economies, especially at airports, the demand for immediate response has enhanced the mandate for frequent CBRN protection training. Such CBRN training practices will further drive the global CBRN protection equipment market growth in following years.
  • Rising investments in nuclear reactor projects, especially in countries like Russia, India, UAE, Turkey, China, and South Korea are expected to bolster demand for CBRN protection equipment.
  • Rapid growth in production of chemicals and bio agents has resulted in greater demand for safety awareness. Regulatory bodies have formed numerous regulations to improve safety awareness among public, which is expected to fuel the growth of the CBRN protection equipment market.

CBRN threats are rising as a result of amplifying tensions between nations such as the U.S., Iran, and Syria, creating an opportunity for investments in CBRN protection equipment. The rising need for customized CBRN protection equipment is expected to drive market growth positively in the coming years.

cbrn protection equipment market share by region

Large-scale Regional Players Dominating Competition Landscape

The report offers essential insights into the competitive scenario and market structure analysis of the CBRN protection equipment market along with the strategies of prominent market participants. Some key participants mentioned in the CBRN protection equipment market report are 3M (Scott Safety), Ansell LTD, Honeywell, AirBoss of America Corp., Indra Systemas SA, MSA Safety Inc., HDT Global, Drägerwerk AG & Co. KGaA, and Avon Protection Systems, among others.

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Moreover, the global CBRN protection equipment market is competitive due to the presence of regional and large-scale players. However, it has been moving towards competitiveness, with contract acquirements and ongoing mergers and acquisitions of prominent players. Additionally, regional players in emerging markets are focusing on increasing value-addition in their product offerings at competitive pricing.

What Lies Ahead?

Political and geographical unrest between certain nations are increasing due to nuclear and bio threats, resulting in increased awareness of CBRN attacks as well as precautionary and preventive measures. The deployment of safety measures and investments in training practices are projected to enhance the demand for CBRN protection equipment over the forecast period.

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Know More About Inclusions of CBRN Protection Equipment Market Report

A new market research report published by Future Market Insights (FMI) on the global CBRN protection equipment market includes global industry analysis for 2014–2018 and opportunity assessment for the 2019–2029. The report provides insightful analysis of the global CBRN protection equipment market through four different categories – product type, category, end use, and region. The CBRN protection equipment market report details current installed base, product adoption across different applications, prevailing trends and technologies being adopted in the manufacturing of CBRN protection equipment, life cycle analysis, and pricing analysis by different types of products.

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Automotive Tie Rod Assembly Market 2021 Key Players, End User, Demand and Consumption by 2030

An integral component of the steering system of a vehicle is the automotive tie rod assembly. The main function of the automotive tie rod assembly is to tie the steering rack to the steering mechanism. It is a thin structural rod that is used for binding and can only hold tensile loads. There is an external and internal end to the tie rod. It transmits force to the steering knuckle from the rack gear or steering hub. This will allow the wheels to turn at the angle that is necessary. The inner and outer tie rods are joined by a sleeve joint that allows the steering mechanism to be modified.

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Automotive Tie Rod Assembly: Market Dynamics

Rising demand for passenger cars along with increasing awareness for safety are the primary driving factors expected to accelerate the implementation of automated tie rod assembly in automotive. Subsequently, expected to bolster the growth of automotive tie rod assembly market.

Government authorities across the globe are making numerous efforts for 4 wheeler safety through implying regulations or through publicity and promotions. These activities are expected to drive customer focus for implementing robust safety systems. Which, in turn, is creating positive prospects for the automotive tie rod assembly market growth during the forecast period.

Impact of COVID-19 Crisis on Automotive Tie Rod Assembly market:

The ongoing COVID-19 crisis has severely affected the global economy. According to the International Monetary Fund, the global economy is expected to fall below -3% subsequently effecting all the international trades. With the economic activities in the globe coming to an almost standstill, the pandemic has affected the business, demand, trade and supply chains of many industries.

The production activities for almost all the industries, including automotive, have been halted which has resulted in the reduction in demand for automotive tie rod assembly market. However, as the economic activity resumes, the automotive tie rod assembly market is expected to recover with a moderate rate over the coming years.

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Automotive Tie Rod Assembly Market: Key Market Participants

  • Ample Auto Tech Pvt. Ltd.
  • G.S. Autocomp Pvt. Ltd.
  • Ocap Chassis Parts Pvt. Ltd.
  • FAI Automotive
  • Powers & Sons
  • Honssion Auto Chassis System (Zhejiang)
  • Patmax Union Corporation

The report covers exhaustive analysis on:

  • Automotive Tie Rod Assembly Market Dynamics
  • Automotive Tie Rod Assembly Market Size
  • Automotive Tie Rod Assembly Supply & Demand
  • Automotive Tie Rod Assembly Current Trends/Issues/Challenges
  • Automotive Tie Rod Assembly Competition & Companies involved
  • Automotive Tie Rod Assembly Technology
  • Automotive Tie Rod Assembly Value Chain

Regional analysis includes:

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

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Report Highlights:

  • Detailed overview of the 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 Tie Rod Assembly Market: Segmentation

The global automotive tie rod assembly market is segmented by type and application

basis of type :

  • Steering Tie Rod Assembly
  • Straight Tie Rod Assembly

basis of application:

  • Passenger Cars
  • LCVs
  • M&HCVs

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50% Mud Pumps Market Revenue Concentrated Among 10 Manufacturers: Study

In its latest report, Future Market Insights estimates global mud pumps market to surpass US$ 1.18 Bn by 2031, on the back of broader developments in oil & gas sector. The market will also be influenced by mushrooming of mid-sized companies, especially in North America.

For instance, EOG resources, a US company headquartered in Houston, has been extensively dabbling in the exploration of shale gas reserves. Its success was evidenced with an astounding 92% sales in Q3 of 2018 that too in a relatively low-price environment. The company has also been deploying its own drilling rigs and mud pump systems adding to its overall value.

Key Takeaways Of Mud Pumps Market Study

  • 68% of mud pumps market revenue remains concentrated in three countries
  • Led by strong gains in the US, North America will maintain its position as regional powerhouse exhibiting 1.2X growth through 2031
  • Stringency in regulatory norms will boost uptake of electric pumps on back of their excellent operability and environmental friendliness
  • Triplex pumps continue to be preferred over duplex pumps; with 30% lower weight, they offer excellent mud displacement and smoother discharge
  • The top 10 players in the market are expected to hold more than 50% of the market share through 2031.

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“Enhancing efficiency points of mud pumps will be key focus area of manufacturers. This can be done by finding issues that threaten pump integrity and increase emissions such as excessive degradation of seals, valves and flanges”, says the FMI Analyst

COVID-19 Temporarily Clouds Mud Pumps Outlook

Energy transitions are greatly impacting the oil and gas outlook. Rig operators and drilling equipment manufacturers are now looking at a scenario where investments towards ongoing supply must be balanced out against emission control. Fuel demand destruction is a huge challenge in the ongoing pandemic as well as a rapidly decarbonizing world.

Containment strategies that have been instituted in North America and Europe will have a less adverse effect on demand for oil as compared to China. With the discovery of new oil wells and reservoirs in China, an improving market landscape in China in the second quarter of 2020 will bode well for the deteriorating demand for oil and subsequently the mud pumps industry.

Supply wise, geopolitics have continued to be a wild card for the oil and gas industry. With supply gluts prevailing major OPEC nations have been forced to cut output. While supply will see a comfortable trajectory through 2025, oil and gas and the pumps industry will see a visible contraction through 2020 with recovery expected in 2021.

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Market Growth Characterized By Organic Strategies Undertaken By Key Players

Bigger players in the mud pumps market landscape have a huge advantage of continuous cash flow. Thus they are showing greater resiliency by channelizing their resources and acquiring shale players, oil and gas service companies without having to rely heavily on organic product portfolios.

Many are already investing in non-traditional markets with a very negligible impact on their bottom line. A significant number of market players are putting in almost 20% of their capital expenditures towards the setting up of on-shore and off-shore drilling equipment and mud pump systems. While this accrues to be a large chunk of investment, in actuality it is tantamount to just over 5% of its yearly revenues.

To Know More About Mud Pumps Market

A new market research report published by Future Market Insights (FMI) on the global mud pumps market report provides in-depth insights into the market demand trends and assessment of opportunities during the forecast period. The report analyses the mud pumps market through four different segments- product type, drive system, application, and region. The mud pumps market report also offers detailed analysis of pricing analysis by different product type and demand across end-use industry.

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape

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Scissor Lifts Market – 2021 Analysis and Review: Scissor Lifts Market by Ownership – AWP Rental Service Providers and End-Use Industries Lead for 2021-2031

About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

Demand for EUV lithography is set to grow 7x by 2029, accounting for revenue worth around US$ 22 Bn.

Miniaturization of integrated circuits and microchips, elevated wafer production, and consistent growth of the semiconductors industry are anticipated to propel the adoption of EUV lithography into chip manufacturing across the globe. EUV lithography market is estimated for a staggering CAGR of 22% during the forecast period of 2019-2029.

EUV Lithography Market Key Takeaways

Reduction of microchip sizes to incorporate them into shrinking semiconductors is one of the prime factors that resulted in the development of EUV lithography technology. Get | Download Sample Copy with Graphs & List of Figures: Emergence of artificial intelligence (AI), machine learning, industrial IoT (IIoT), and autonomous driving has been driving miniaturization of microchips, subsequently creating the need for EUV lithography in chip manufacturing. Constant innovation, R&D, and retrofitting of installed systems to improve wafer production, are anticipated to remain key trends in the EUV lithography market. Integrated device manufacturers (IDM) and foundries are projected to create bulk of the demand for EUV lithography systems, as they are responsible for majority of the microchip and integrated circuit (IC) demand across industries. Acquisition of stakes in key technology-based companies to complement product development is anticipated to remain a prominent trend in the market.

Currently, many IDMs and foundries are cautious in the adoption of EUV lithography in chip manufacturing, given the infancy of the technology and high upfront costs. However, with continuous innovation and R&D, products are expected to become more efficient and cheaper.

EUV Lithography Market – A Monopoly

The EUV lithography market is led by a single manufacturer. ASML is the sole manufacturer of EUV lithography systems in the world today and holds a monopoly in the market. The company is focused on acquiring stakes in key companies, which provide supporting technology for the manufacturing of EUV lithography systems. It is also engaged in collaborations with solution providers to help in R&D and development of future generations of EUV lithography systems.

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EUV LITHOGRAPHY MARKET TAXONOMY

The global EUV lithography market is segmented into end use and region.

End Use

Integrated Device Manufacturers (IDM) Foundries Memory, Fabless & Others

Region

Americas EMEA (Europe, Middle East and Africa) Asia Pacific

Will EUV Dominate Lithography Systems?

In the present lithography market, EUVs are a new and upcoming technology, with the first commercial product being sold in 2016. Given their ability to process light onto microchips of very small surface and with the growing adoption of technologies demanding miniaturization of microchips, EUV lithography market is anticipated to capture a huge market share of lithography systems in the coming years.

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Know More About Report Inclusions

Future Market Insights’ new market research report on the EUV lithography market includes global industry analysis for 2014–2018 and opportunity assessment for 2019–2029. The report details EUV lithography market demand by end use across three different regions, Americas, EMEA, and Asia Pacific. The research report also offers global consumer electronics demand trend, impact of wide-scale 5G technology and IoT adoption, wafer production trends, installed base of EUV lithography systems as well as market demand patterns across the mentioned regions.