Lightweight Automotive Body Panels Market Set to Grow at 4.6% CAGR, Reaching USD 191,369.2 Million by 2033

MRB-Lightweight Automotive Body Panels Market

The Lightweight Automotive Body Panels Market size is projected to be valued at USD 122,054.9 Million in 2023 and is expected to rise to USD 191,369.2 Million by 2033. The sales of lightweight automotive body panels market are predicted to thrive at a significant CAGR of 4.6% during the forecast period.

The lightweight automotive body panels market is experiencing significant growth, primarily driven by the rising production of commercial vehicles and increasing demand from the logistics sector. Additionally, there is a growing market demand for economic and fuel-efficient vehicles, further bolstering the expansion of this market segment.

The automotive industry is witnessing a shift toward lightweight construction to address the challenges posed by stringent emission regulations and the need for sustainability. Lightweight body panels play a crucial role in achieving these goals, as they contribute to overall weight reduction, resulting in improved fuel economy and reduced environmental impact.

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The rising demand for commercial vehicles, driven by the growing logistics sector, is a key factor propelling the market growth. With the expansion of e-commerce and last-mile delivery services, there is a surging need for efficient transportation solutions. Also, lightweight automotive body panels enable commercial vehicles to carry larger payloads while maintaining optimal fuel efficiency, offering cost savings for logistics companies.

The market is benefiting from the increasing consumer preference for economic and fuel-efficient vehicles. As fuel prices continue to rise and environmental consciousness grows, consumers are seeking vehicles that offer better fuel economy without compromising performance. Moreover, lightweight body panels contribute to reducing vehicle weight, leading to improved fuel efficiency and lower operating costs.

Advancements in material science and manufacturing technologies are likely to further enhance the performance and cost-effectiveness of lightweight automotive body panels, opening new opportunities for market players.

Material Type: Metals, specifically aluminum alloy and high-strength steel, are the most commonly used materials for manufacturing lightweight automotive body panels. Metals hold more than 31.4% share on a value basis in the global market due to their durability and lightweight properties.

Component Type: Door panels are expected to contribute significantly to the lightweight automotive body panels market, surpassing other component types. Further, the adoption of lightweight materials for door panels has gained traction as manufacturers aim to reduce vehicle weight and improve overall efficiency.

USA Market: The USA holds a significant share (more than 24.3%) in the global lightweight automotive body panels market. The market growth in the USA is propelled by the demand for fuel-efficient vehicles, the implementation of stringent carbon emission regulations, and the presence of key market players.

China Market: China’s lightweight automotive body panels market experienced notable growth with a CAGR of 5.2% in 2022. The market expansion is driven by the booming automotive industry, ongoing research and development efforts to develop innovative lightweight materials, the emphasis on reducing vehicle weight for improved efficiency, and favorable government support.

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Recent Developments

May 2021: LyondellBasell (NYSE: LYB) said today that it has made another step toward realizing its objective of expanding the circular economy by creating virgin-grade polymers from raw materials recovered from plastic rubbish at its facility in Wesseling, Germany. This raw material, produced through the thermal conversion of plastic waste, is processed into ethylene and propylene at LyondellBasell manufacturing facilities before being converted into polypropylene (PP) and polyethylene (PE) in downstream plastics production units.
May 2019: BASF SE intends to establish a Thermoplastic Polyurethane (TPU) factory as well as a compounding facility for engineering plastics at its proposed integrated chemical production (“Verbund”) location in Zhanjiang, China.

Key Companies Profiled

GORDON AUTO BODY PARTS CO. LTD; AUSTEM COMPANY LTD.; Gestamp; Plastic Omnium; Magna International Inc.; Stick Industry Co. Ltd.; Changshu Huiyi Mechanical & Electrical Co. Ltd.; KUANTE AUTO PARTS MANUFACTURE CO. LIMITED; Hwashin; FLEX-N-GATE CORPORATION; ABC Group, Inc.

Key Segments Covered in the Lightweight Automotive Body Panels Market Report

By Material Type:

Metals
- High-strength Steel
- Magnesium
- Aluminum
Polymers & Composites
- Carbon Fiber Reinforced Plastics
- Glass Fiber Reinforced plastics
- Other Polymer & Composite Materials

By Component Type:

Bumpers
Hood
Door Panels
Trunk Lids
Roof
Others

By Vehicle Type:

Light Commercial Vehicle
Heavy Commercial Vehicle

By Region:

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

About Future Market Insights (FMI)

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

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Automotive Washer System Market Forecasted to Grow at 5.2% CAGR Reaching USD 40.963 Billion by 2033

The Automotive Washer System Market is poised for significant growth, with the global market size projected to reach USD 24.674 Billion by 2023. Driven by the rapid expansion of the automotive industry, the demand for automotive washer systems is expected to witness a robust CAGR of 5.2% from 2023 to 2033.

By 2033, the automotive washer system market is anticipated to reach a valuation of USD 40.963 Billion, highlighting the sustained and increasing demand for automotive washer systems.

Increasing Vehicle Ownership and Demand for Maintenance Boost the Market

The demand for automotive washer systems is being driven by an increase in vehicles on the road and a greater emphasis on vehicle maintenance. Vehicle owners are investing in cutting-edge washer systems to ensure the highest level of driver safety since they understand how important clear visibility is.

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Stringent Safety Regulations Push Automotive Manufacturers to Adopt Advanced Washer Systems

Governments around the world mandate the adoption of cutting-edge safety measures in automobiles under strict safety rules. This regulatory climate is compelling automotive manufacturers to implement cutting-edge washer systems that increase overall vehicle safety and driver sight.

Components of Washer Systems that are Technologically Advanced Drive Market Growth

The automotive sector is undergoing a change because of technological developments, including the creation of sophisticated spray nozzles, high-pressure pumps, and sensor-based washer systems. The performance, effectiveness, and longevity of washer systems are being improved by these technological advancements, which are increasing usage and fueling the automotive washer system market.

A Higher Price for Advanced Wiper Technologies

The development of the most recent wiper blade and windshield cleaning technologies has raised the price of the finished product, which is anticipated to restrain market expansion. Demand for wiper deicers, built-in wipers with nozzles, and heated nozzle washer systems are constrained by the high market penetration of relatively inexpensive wiper and washer system substitutes.

Through special winter/cold environment packages, leading automakers like General Motors, Tesla, and Subaru provide their customers with heated nozzle or wiper-deicer systems. Although these systems provide the best performance, they are rather expensive. It is anticipated that such issues may impede market expansion for automotive washer systems in the near future.

Regional Outlook

The automotive washer system market exhibits a diverse regional outlook. In North America, the automotive washer system business is driven by the high vehicle ownership rate and stringent safety regulations. Europe experiences significant demand due to the presence of established automotive manufacturers and a growing focus on advanced driver assistance systems.

The Asia Pacific region is witnessing rapid growth due to increasing vehicle production and rising disposable incomes. Emerging economies in Latin America and, the Middle East & Africa are expected to contribute to market growth for automotive washer systems. Each region presents unique opportunities and challenges, influenced by factors such as consumer preferences, government regulations, and economic conditions.

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Key Takeaways

The mechanical segment in the technology category to grab a share of 24.40% from 2023 to 2033.
In the components category, the nozzles segment is to acquire a market share of 14.5% between 2023 and 2033.
The United States automotive washer system business to acquire a share of 21.2% by 2023.
The market in Germany is to grab a share of 14.5% by 2023.
Japanese automotive washer system market to hold a share of 11.4% by 2023.
Australia automotive washer system industry to acquire a share of 7.7% by 2023.
Chinese automotive washer system business to expand at a CAGR of 5.8% through 2033.
India automotive washer system industry is to develop at a CAGR of 5.5% from 2023 to 2033.
United Kingdom automotive washer system business to evolve at a CAGR of 5.3% through 2033.

Competitive Landscape

The competition in the automotive washer system market is intense, with several key players vying for market share. Established automotive washer system manufacturers and new entrants are constantly innovating and introducing advanced technologies to gain a competitive edge. Product quality, pricing, distribution networks, and customer relationships play crucial roles in determining market success.

Key Players

Robert Bosch GmbH
Denso Corporation
Valeo SA
Continental AG
HELLA KGaA Hueck & Co.
Ningbo Joyson Electronic Corp
Mitsuba Corporation
Mergon Group
Trico Products Corporation
Kautex Textron GmbH & Co. KG.

Key Segments

By Technology:

Electrical
Mechanical

By Sales Channel:

OEM
Aftermarket

By Component:

Nozzles
Reservoirs
Hose & Connectors
Pumps
Windshield Wipers
Wiper Motor

By Vehicle Type:

Passenger Cars
LCV
HCV

By Region

North America
Europe
Asia Pacific
Latin America

Recent Developments

Launch

ITS debuted a digital, online TruClean Industrial Parts Washer calculator in March 2019.

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Car Security System Market valuation estimated USD 40 Billion by 2033 with 11.4% CAGR

MRB-Automotive-Car Security System Market

The global Car Security System Market is anticipated to attain a valuation of USD 13.5 billion in 2023 and is expected to reach USD 40 billion by 2033, trailing a CAGR of 11.4% during the forecast period.

The market demand is driven by the enforcement of strict vehicle security regulations by governments and the continuous advancement of passive and active safety/security technologies. The constant technological advancements over the past few decades have significantly benefited the car security system market.

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The widespread availability of high-speed internet and the increased utilization of global positioning systems (GPS) and other internet connectivity systems are further driving the market growth. These technologies provide consumers with advanced security features, contributing to the expansion of the market. The automotive sector is experiencing a significant transformation as in-car systems become digitized to enable vehicle automation, connectivity, and shared mobility.

The prevalence of outdated and basic security systems in economical and low-end cars has led to an increase in keyless theft incidents. Manufacturers are actively integrating comprehensive and modern car security modules into both low-end and high-end vehicles to address this issue.

In July 2019, the German General Automobile Club (ADAC) conducted tests on 237 vehicles with keyless entry, revealing that almost 230 of them were alarmingly susceptible to break-ins using inexpensive electronic devices known as relay boxes.

The demand for integrating cutting-edge technologies into the development of car security systems is escalating significantly due to the surging cases of car thefts, particularly about cyber threats posed by hacking. This is anticipated to drive market growth in the forthcoming years.

Key Takeaways

Italy’s car security system industry is projected to expand with a CAGR of 11.3% during the forecast period.
The demand for car security systems in the United States is expected to capture a CAGR of 11.1% from 2023 to 2033.
By vehicle type, the passenger car segment is projected to secure a CAGR of 14.2% during the forecast period.
India is expected to expand with an impressive CAGR of 11.7% throughout the forecast period.

Competitive Landscape

The market for car security systems is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

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The key industry players in the market include Continental AG, Robert Bosch GmbH, HELLA GmbH & Co. Stoneridge Inc., Mitsubishi Electric Corporation, Huf Hülsbeck & Fürst GmbH & Co. KG, Valeo S.A., KGaA, Aptiv plc, Denso Corporation, Tokai Rika Co., Ltd., ALPHA Corporation, Marquardt GmbH, I Car Srl, Directed Inc., ALPS ALPINE CO. LTD, Atech Automotive (Wuhu) Co., Ltd.

Key Segments Profiled in the Car Security System Market

By Product Type:

Central Locking System
Car Alarm
Immobilizer
Remote Keyless Entry
Others

By Vehicle Type:

Passenger Car
- Compact
- Mid-Size
- Luxury
- SUV
Light Commercial Vehicle

By Sales Channel:

OEM
Aftermarket

By Region:

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

Some Recent Developments in the Car Security System Market

In July 2021, ZF unveiled the ZF ProAI supercomputer at IAA 2021 in Germany. This advanced system combines control units, software, sensors, and actuators to enable software-defined vehicles. It provides customized computing power for vehicles at any level of automation and incorporates cutting-edge security features to counter cyber threats.
In March 2021, Hella inaugurated a new software and electronics development center in Craiova, Romania. This facility aims to support company expansion and conduct product testing.
In February 2021, Bosch Mobility Solutions and Microsoft joined forces to develop a “software-defined vehicle” featuring enhanced digitalization, connectivity, automation, and advanced cybersecurity.
In January 2021, Alps Alpine collaborated with Qualcomm Technologies Inc. to create an advanced in-vehicle camera positioning system, enhancing vehicle security and surveillance capabilities.

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India Hydrological and Meteorological Equipment Market Expected to Grow at 5.8% CAGR Through 2030

India Hydrological and Meterological Equipment Market

India’s hydrological and meteorological equipment market is experiencing robust growth and is anticipated to achieve a compound annual growth rate (CAGR) exceeding 5.8% from 2020 to 2030. This expansion is driven by heightened applications in disaster management, where these technologies play a crucial role. The increasing need for accurate weather monitoring systems is particularly instrumental in initiating timely disaster response measures. As India faces ongoing challenges from natural disasters such as cyclones, floods, and droughts, the demand for hydrological and meteorological equipment continues to escalate.

Moreover, the market growth is further propelled by initiatives aimed at enhancing infrastructure resilience and mitigating the impacts of climate change. Government investments in modernizing meteorological infrastructure, coupled with rising awareness among industries and government agencies about the importance of real-time weather data, are key factors fostering market opportunities. The adoption of these technologies not only supports disaster preparedness but also facilitates sustainable development strategies across various sectors in India.

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Important Highlights

Multi-parameter water quality sonde hydrological equipment type will remain lucrative throughout the assessment period.
AT/RH sensor will emerge as the top-selling meteorological equipment by 2030 end.
Laboratories and research institutes remain the key revenue generators for players in the market.

Drivers

Extensive application in various weather parameters for net radiation is boosting widespread adoption of hydrological and meteorological equipment.
Immense climate diversity in India boosts scope of the market in disaster management.
Growing construction of dams together with growing water levels is spurring the demand for hydrological & meteorological equipment notably.
Surging demand from the defense sector is encouraging the demand in the market.

Restraints

Dearth of precision for small scale weather predictions and complexity of equipment is hindering the market growth.
Slow adoption rate of climate forecasts of small & medium scale industries in India to calculate climatic risk while exerting business activities is challenging the market growth.

“Rising climatic changes have generated lucrative prospects for the market players as majority of the end users are being compelled to employ hydrological & meteorological equipments to get precise weather predictions.” states the FMI analyst.

Competitive Landscape

Some of the key companies operating in the India hydrological & meteorological equipment market include Geomax AG, Gill Instruments Limited, Hach Company, Vaisala Oyj, SEBA Hydrometrie GmbH & Co. KG, Virtual Hydromet, In-Situ Inc., Kaizen Imperial, K. R. Instruments, Info Electronics Systems India Pvt. Ltd., Aveli Global Engineering Solutions Pvt. Ltd., Encardio Rite, R.K. Engineering Corporation, Mechatronics Systems Pvt. Ltd., Astra Microwave Products Limited, Obel Systems Private Limited and Swan Environmental Private Limited. Companies are focusing on key market strategies such as collaborations and mergers & acquisitions to spread their presence worldwide.

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Key Segmentation of the India Hydrological and Meteorological Equipment Market

Hydrological Equipment Type:

Surface Water Velocity Sensors
Current Meters
Groundwater Level Logger
Radar Water Level Sensors
Compact Bubblers
Pressure Level Sensors
Multi-parameter Water Quality Sonde
Contact Gauge
Side Looking Dopplers
Data Loggers

Hydrological Equipment End Users:

Central Water Resources Management Department
Irrigation Department
Agriculture
Water Utility Companies
Hydropower Plants
National Hydrological Projects
Research and Academia

Meteorological Equipment Type:

Rain Gauge
Precipitation gauge Measurement
Disdrometer (Parsivel- laserWeather sensor)
Wind Speed and Direction Sensor
Ceilometers
AT/RH Sensor
Snow Depth Sensors
Snow Gauge
Data Loggers

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Dual-clutch Transmission Market Estimated to Reach USD 53,209.75 Million by 2034

MRB-Automotive-Dual-clutch Transmission Market

The Dual-clutch Transmission Market is likely to thrive at a CAGR of 9.8% during the forecast period. The market is anticipated to cross a market share of USD 52051.96 Million by 2033, while it holds a revenue of USD 20371.67 Million in 2023.

– The market demand for dual clutch transmission rises with the companies adopting the latest pair of transmissions to be implemented in the passenger as well as the high-performance vehicles.

– Governments are building their automotive industry while also expanding the research and development programs for smoother, faster, and more efficient mobility. This fuels the sales of dual-clutch transmissions.

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– The higher per capita income, along with the increased availability of passenger vehicles at reasonable prices, have pushed end users to rush to grab hands on the steering. Thus, advanced transmission systems such as dual-clutch systems help in making the vehicle more premium.

– Authorities in some parts of the world make this type of transmission mandatory as it saves fuel and enhances the sustainability of automobiles.

Key Points

The US market for dual-clutch transmission holds the biggest market share and is expected to cross the biggest anticipated values of USD 35500 Mn by 2033. The growth rate is rising for the US market as the market thrived at a lower CAGR of 7.1% between 2017 and 2022.

The Indian market for dual-clutch transmission thrives at the highest CAGR of 26.5% during the forecast period while expecting revenue of USD 18895.05 Million by 2033. The regional market thrived at a slightly lower CAGR of 23.6% during the previous forecast period.

The research report of FMI states that the dry clutch segment continues to lead the product type category with a CAGR of 9.1% between 2023 and 2033.

Based on vehicle type, the passenger vehicles segment thrived at a CAGR of 9.6% between 2023 and 2033, while the segment flourished at a higher CAGR of 10.0% between 2017 and 2022

Competitive Landscape

Companies operating in the dual-clutch transmission market are focusing on building trust and reliability between the technology provided and the end user. The lower chances of gearbox damage, faster gear shifts, and increased acceleration are some of the factors that transform the market dynamics. Thus, the user’s comfort, trust, and experience come first, while higher penetration ensured through MoU also helps in making the market competition tight and performative. Key players in the market are ZF Friedrichshafen AG, Getrag, BorgWarner Inc., Eaton, GKN Driveline, and Continental.

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Dual Clutch Transmission – Key Segments

By Vehicle Type:

Passenger Vehicles
Commercial Vehicles

By Product Type:

Dry Clutch
Wet Clutch

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East and Africa

Recent Market Developments

Indian tier-1 manufacturers of the automotive component have developed indigenously built automated manual transmission and dual-clutch transmission. These systems are likely to be a part of the upcoming TATA motors.
Magna International has secured business for the installation of next-generation hybrid dual-clutch transmission (HDT) and DCT with the launching in 2025 with Mercedes-Benz.

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Corrugated Mailers Market is Expected to Expand at a CAGR of 7.0% to Reach US$ 7.1 Billion by 2032

The global corrugated mailers market size is expected to grow from US$ 3.6 Billion in 2022 to US$ 7.1 Billion by 2032, with overall sales accelerating at 7.0% CAGR throughout the forecast period. rising usage of corrugated mailers across residential, commercial, and institutional sectors is a key factor driving the global market.

Corrugated mailers are packaging solutions that possess durability and strength along with excellent adhesion which acts as a utility for numerous end-use industries. These lightweight packaging solutions are gaining worldwide popularity due to their increasing usage across thriving e-commerce industry.

Demand for corrugated mailers is increasing as a result of consumer intolerance for plastic and its harmful impact on the environment. The outpouring demand for corrugated mailers from globally renowned courier and postal organizations such as DHL, FedEx, etc. is being influenced by rising cross-border purchasing and population migrating towards urban areas across all the regions.

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The evolution of trends such as improving customer retention, corrugated mailers with modest printing, and strong aesthetics are boosting e-commerce sales. Popular fragile and delicate consumer goods, like electronics, ceramic objects, and glassware are transported in stiff corrugated mailers.

E-commerce platforms, as well as postal and mail service providers, are continuously searching for impactful packaging products that could lower overall package prices and have eye-catching features along with ensuring the protection of goods till delivery. As a result, they are adopting corrugated mailers.

The expansion of the corrugated mailers market is projected to be fuelled by the increase in demand for packaging solutions across several end-use industries. The reason behind the growing popularity of corrugated mailers is benefits including low cost and supreme protection, which are having a direct positive impact on sales.

Key Takeaways from Corrugated Mailers Market

Based on product type, the C-flute is estimated to create an incremental opportunity of US$ 1.3 Billion between 2022 and 2032.
By end use, the commercial segment is expected to expand 1.6 times over the upcoming decade.
South Asia is anticipated to emerge as the fastest-growing corrugated mailers market owing to rising demand from institutional and commercial sectors.
With growing demand for packaging solutions made up of sustainable raw materials, North America will hold a substantial share of the global market through 2032.
China’s corrugated mailers market is expected to create an incremental opportunity of US$ 616 Million by 2032.

“The remarkable shift in consumer buying patterns resulting in adoption of online shopping is expected to boost the sales of packaging solutions such as corrugated mailers that are compatible with the e-commerce industry and made of sustainable materials,” – says an FMI analyst

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Trends of Biodegradability to Drive the Sales of Corrugated Mailers

Growing environmental concerns and implementation of stringent regulations are prompting packaging giants and end-use industries to shift towards biodegradable packaging solutions. The biodegradable packaging solutions are free from any toxicity, do not harm the environment in any way, and degrade automatically without any effort. On the back of these factors, the demand for biodegradable packaging is rising among the end-use industries which drives the demand for corrugated mailers as they possess the biodegradability feature.

In addition, corrugated mailers that are biodegradable require fewer resources and lower production costs. Unlike fossil-based materials, paper leaves a lesser impact on the environment and is known to have a lower carbon footprint when compared to conventional packaging materials such as plastics, glass, and metals. Thus, these rigid paper containers help in reducing the carbon footprint.

As the packaging trend has evolved from just convenient to convenient and sustainable, the usage of paper in different end-use industries has grown immensely. Thus, the trend of using biodegradable packaging solutions will continue to propel the demand for corrugated mailers during the forecast period.

Who is Winning?

Smurfit Kappa Group plc, Pregis LLC, Mondi plc, DS Smith plc, WestRock Company, and International Paper Company are the key players operating in the global corrugated mailers market. Also, some of the noticeable players in the market include Box Market, GWP Group, Accurate Box Company, Inc., VSL Packaging Company USA, and others.

Corrugated Mailers Market Report

Future market insights, in its new report, offers an unbiased analysis of the global corrugated mailers market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on corrugated mailers based on the product type (C flute, B flute, E flute, F flute, others (N flute, A flute)), wall type (single wall, double wall, triple wall), and end use (commercial, institutional, household) across seven regions.

Corrugated Mailers Industry by Category

By Product Type:

C Flute
B Flute
E Flute
F Flute
Others (N Flute, A Flute)

By Wall Type:

Single Wall
Double Wall
Triple Wall

By End Use:

Commercial
Institutional
Household

By Region:

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

About Future Market Insights Inc. (FMI)

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

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Filtration Paper Market is Projected to Reach at a US$ 1.60 Billion by 2034 | FMI Study

The global filtration paper market is poised for modest growth, with a projected CAGR of 2.50% through 2034. Based on FMI’s initial evaluation, the filtration paper market was valued at US$ 1.20 billion in 2023 and is anticipated to reach US$ 1.30 billion in 2024. Several factors contribute to the market’s expected progression, culminating in a valuation of US$ 1.60 billion by 2034.

Increasing usage in healthcare, biotechnology, food and beverages, and others will fuel the growth of the filtration paper market during the forecast period.

A type of paper that is used to filter out impurities from a liquid or gas is categorized as filtration paper. It is a semi-penetrable paper barrier that is placed vertically to the flow of liquid or gas. Filtration paper is further used to differentiate small hard elements from liquids or gases. The raw material used to manufacture filtration paper is composed of different paper pulps such as hardwood and softwood. The market for filtration paper is expected to undergo substantial growth during the projected period owing to its increasing popularity across various industries

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Filtration paper is gaining large scale application in the healthcare, industrial, and food & beverage industries. This is expected to bolster the global sales at a swift pace over the assessment period. As a result, many leading players are investing in research and development to release products with advanced technology so as to take advantage of the rising demand. All of these factors will propel the filtration paper market towards growth during the forecast period.

“Increasing popularity of filtration paper as a reliable and cost-effective medium will facilitate the global growth of the filtration paper market over the forecast period,” says an FMI analyst.

Competitive Landscape

Thermo Fisher Scientific Inc., Ahlstrom-Munksjö, PAPCEL, a.s., Azumi Filter Paper Co Ltd, Hawach Scientific Co., Ltd, KONOS GmbH, Hollingsworth & Vose, Merck KGaA, SP Bel-Art, Shanghai Mingguan Purification Materials Ltd., Animo B.V., Polymer Papers Limited, Dongguan Huachen Filter Material Limited, Innova Corporate, General Filtration, Twin Rivers Paper Company, Turanlar Group, and Alfa Industries among others are some of the major players in the filtration paper market profiled in the full version of the report.

Leading market participants are keen on upgrading their production facilities and producing new products to meet the rising demand. These firms employ strategic mergers and acquisition tactics to gain a competitive advantage.

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More Insights into Filtration Paper Market Report

In its latest report, FMI offers an unbiased analysis of the global filtration paper market, providing historical data and forecast statistics. To understand the global market potential, growth, and scope, the market is segmented on the basis of pulp type (hardwood, softwood), product type (quantitative filter paper, qualitative filter paper), end use (food & beverages, healthcare, laboratories, automotive, cosmetics), and region.

Filtration Paper Market by Category

By Pulp Type:

Hardwood
Softwood

By Product Type:

Quantitative Filter Paper
Qualitative Filter Paper

By End Use:

Food & Beverage
Healthcare
Laboratories
Automotive
Cosmetics

About Future Market Insights Inc. (FMI)

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

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Off-highway Vehicle (OHV) Telematics Market Forecasted to Rise with 16% CAGR Over Next Decade

MRB-Automotive-Off-highway Vehicle (OHV) Telematics Market

The Off-highway Vehicle (OHV) Telematics Market is expected to be valued at US$ 488.3 million in 2023, rising to US$ 2154.3 million in 2033.

The off-highway vehicle (OHV) telematics market is predicted to develop at a 16% CAGR between 2023 and 2033. The forecast for the OHV telematics market remains positive, mostly due to the increased implementation of telematics solutions in construction, agriculture, and mining equipment.

The automotive sector is utilizing next-generation technologies including automotive telematics while assisting in the creation and efficiency of machines. As a result of this, the market is expected to increase significantly over the forecast period.

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The expansion of the automobile sector and the use of sophisticated technologies for improved equipment performance have increased end-user demand for telematics technologies.

The incorporation of big data and other modern technologies for improved connectivity and real-time data has increased in off-highway vehicles. Moreover, the increased demand for sophisticated OHVs for applications including precision farming is driving the use of telematics technologies.

The rise of telematics, combined with great performance and reduced labor costs thanks to the support of AI and IoT, has increased sales of OHVs equipped with modern telemetry systems.

The growing requirement for OHV security and protection without sacrificing cost or efficiency has resulted in the implementation of a smart telematics system that optimizes machinery operations.

Key Takeaways

According to FMI’s study, the construction segment is projected to account for around 65% of global OHV telematics market sales.
In the last five years, the market recorded a CAGR of 11%.
The market for automated guided vehicles in the United States is expected to develop at a 15% CAGR through 2033, according to FMI.
According to FMI’s analysis, Germany is expected to lead Europe’s (OHV) telematics market, rising at a healthy 14% CAGR throughout the projection period.
The market’s main players control roughly 60% of the market.

Competitive Landscape:

Leading industry participants are emphasizing the extension of their already extensive product portfolios. Moreover, increasing expenditure on research to develop improved products is another key strategy for market players to preserve their market position. Other important objectives include facility expansions and strategic alliances to help meet the increased demand for OHV telematics from a variety of end-use sectors. For example,

July 2022 – Guidepoint Systems, a global provider of car telematics and Software as a Service (SaaS), partnered with Free2move, Stellantis’ global fleet, mobility, and linked data firm.
March 2022 – Navistar reaffirmed its commitment to a connected and data-driven future by standardizing a factory-installed telematics solution on the recent Class 6-8 International Truck and IC Bus vehicle ranges.

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Key Regions Covered

Omnitracs, LLC
ORBCOMM
Stoneridge, Inc.
Teletrac Navman
TomTom International BV
Trackunit A/S
Wacker Neuson
Zonar Systems Inc.
TTCONTROL GMBH
ACTIA Group

Valuable Insights:

Future Market Insights, in its new offering, presents an unbiased analysis of the global off-highway vehicle (OHV) telematics market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.

The study reveals essential insights By Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarket), Technology Type (Cellular, Satellite), End-Use Application (Construction, Agriculture, Mining ) & Region.

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