Tuning Box Market 2022 | Present Scenario and Growth Prospects 2032

Future Market Insights’ upcoming report on the worldwide Tuning Box market uncovers stowed away open doors and likely dangers. The report gives a sharp inclusion of the Tuning Box market through a point by point division of its key development drivers, open doors, limitations and difficulties expected to win in the market in the forthcoming years. As indicated by FMI, the modern computerization industry is relied upon to have an uplifting perspective through 2022 and then some.

The tuning box market is anticipated to show promising growth prospects during the forecast period as a result of growing competition. New competitors are offering a variety of options at reasonable pricing to fulfil the demand for tuning box, making it more accessible to customers in the global tuning box market.

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Increasing usage of machines and demand for high-quality products in various industries coupled with the installation of smart devices in the machinery are some of the factors propelling the growth of the Tuning Box market in the industrial automation industry. Industries are implementing automation to increase productivity and reduce labour costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain a competitive edge in the industry.

According to the FMI’s report, the Tuning Box market is projected to record a CAGR of 7.4% over the forecast period. To receive detailed insights about the Tuning Box market, our experts rely on primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

Understanding the Impact of Covid-19 on the Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, the dearth of labour, factory closures, and supply restrictions induced by the pandemic crisis resulted in a slight setback in 2022.

Lack of human assistance and key players’ hesitation in investing in high-end types of machinery during the pandemic has negatively impacted the industrial automation industry in 2022. However, with relaxation in lockdown, the Tuning Box market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players in the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Tuning Box market.

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Key Questions Answered in the Report

  1. What are the key trends and challenges that will affect the global Tuning Box market in upcoming years?
  2. What are the factors that will influence the Tuning Box market demand?
  3. Which region will be the most lucrative for the Tuning Box market throughout the forecast period?
  4. How will evolving regulatory policies impact market growth?
  5. What is the impact of Covid-19 on the Tuning Box market?

Tuning Box Market: Segmentation

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • The Middle East and Africa

Detailed analysis of the geographical region and country wise insights are offered in the latest Tuning Box market report with established market players as well as incumbents in the region.

A comprehensive analysis of the regional markets offers exclusive insights into the market performance across geographies along with relevant graphs, figures, and a list of tables.

Competitive Analysis

By Prominent Market Players

TDI Tuning Ltd., ShifTech, TBOX CHIPTUNING, TECHTEC (Germany), Tornado Tuning solutions, Vector Tuning and Lindop Chip Tuning Boxes

With a detailed segmentation of segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes an important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Tuning Box market.

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Why Future Market Insights?

  • Comprehensive analysis of evolving purchase patterns across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as the forecast period
  • A competitive analysis of prominent players and emerging players in the Tuning Box market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Cloud IAM Market is Predicted to Grow with a CAGR of 18.3% from 2022-2032

According to the cloud IAM market analysis by Future Market Insights (FMI), the adoption of cloud IAM market is estimated to grow with a CAGR of 18.3% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 25,539.2 Mn by the end of 2032. Growth is primarily attributed to integration of artificial intelligence and machine learning in IAM solutions.

Artificial intelligence combined with analytics can provide contextually and focused insights so that both non-technical and technical employees can work more time-efficient. These advanced technologies help to speed up the present IAM compliance controls.

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It can detect potential threats and anomalies, without the need for a large team of security experts. In addition to that many IAM solution providers started adding behavioral data analytics with the help of ML technology to improve security tactics.

Key Takeaways: Cloud IAM Market

  • By solution, the cloud IAM platform segment is anticipated to account for the leading share in the global demand for cloud IAM in 2021.
  • Standalone software segment is estimated to grow at a CAGR of 19.5% through 2032.
  • Among the enterprise size, SMEs segment is estimated to grow at a CAGR of 20.2% during the forecast period.
  • By industry, the healthcare segment is anticipated to grow at a CAGR of 22.7% between 2022 and 2032.
  • North America is expected to dominate the cloud IAM market, followed by Europe in 2022.
  • South Asia & Pacific is estimated to witness fastest growth in the global cloud IAM market during the forecast period.
  • The U.S. cloud IAM market is expected to progress at a CAGR of around 15.1% through 2032.
  • In East Asia, China cloud IAM market is expected to grow by 6.1X during the forecast period.
  • Japan is expected to grow at the highest CAGR of 21.9% during the assessment period.

Growing Adoption of BOYD Across Organizations 

A variety of mobility movements in organizations have increased security measures to verify or authenticate the end-user machine. Increasing penetration of tables, personal devices, and mobiles helps employees to connect to the network of the organizations through their personal devices.

In recent times, employees are preferred to use their own devices instead of using office desktops or laptops. It ultimately creates the need for cloud IAM solutions to access the network. Therefore, the growing adoption of BOYD by many organizations ultimately fuels the demand for IAM solutions.

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Cloud IAM Outlook by Category

By Solution:

  • Cloud IAM Platform
  • Standalone Software
    • Cloud Single Sign-On (SSO)
    • Cloud-based Directories
    • Cloud Password Management
    • Others

By Enterprise Size:

  • Small and Mid-Sized Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • BFSI
  • Telecom & IT
  • Energy and Utilities
  • Healthcare
  • Manufacturing
  • Education
  • Retail
  • Others

By Region:

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

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Hydraulic Spreader Market 2022 Development Status, Competition Analysis, Type and Application 2032

Hydraulic Spreader is a two-armed equipment, which can spread or separate utilizing hydraulic pressure. The two arms of a Hydraulic Spreader can converge together in a narrow tip. This tip of the hydraulic spreader can gain access to gaps as small as 2mm. From a closed position, these arms of the hydraulic spreader move outwards on the press of a button, using hydraulic pressure and applying outward force. Moving in a way similar to a reversed scissor, a hydraulic spreader can pry open surfaces after entering their tips through the smallest of gaps.

This Hydraulic Spreader market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Hydraulic Spreader market.

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A hydraulic spreader operates using a power source, which pressurizes a fluid with a pressure reaching up to 10,000 psi.
Three different kinds of power sources are used for operating a hydraulic spreader, depending on the application and pressure requirements. The most commonly used power source for a hydraulic spreader is a petrol engine connected with a hydraulic pump. The engine powers the pump, which then pressurizes the hydraulic fluid, which is then carried through a connecting hose to the hydraulic spreader tool. The other power sources for a hydraulic spreader include a rechargeable battery powered electrical engine, and a pump operated mechanically through hand or foot movement.Considering these aspects of the Hydraulic Spreader, the study of the Hydraulic Spreader market becomes an important read.

Hydraulic Spreader Market: Dynamics
Hydraulic Spreader is widely used in the fire safety, and rescue operations especially in cases of accidents involving automotive. A hydraulic spreader can force open metal sheets or frames such as those of steel and aluminum, and also those of fiberglass. In case of accidents or emergencies, a hydraulic spreader can pry open a car roof within a couple of minutes, providing critical advantage to rescuers and those needing help.

A hydraulic spreader, along with other hydraulic rescue tools such as cutters, benders and rams are also colloquially referred to as the “jaws of life”, given their pivotal role in performing life-saving operations in cases of accidents and fire. Hydraulic rescue tools were first devised and designed by George Hurst, when he witnessed rescuers taking hours to extricate a driver from a car crash.

The company founded by Hurst later registered “Jaws of Life” as a brand for its line of rescue tools, including hydraulic spreader. Apart from its use in the safety and rescue, hydraulic spreader also finds industrial application. Hydraulic flange spreader is commonly used in industrial set-ups for opening up flange joints. A hydraulic spreader is also used to open up/spread other industrial joints or equipment during various routine or maintenance operations.

Hydraulic spreader is used during pipeline construction or pipeline decommissioning, replacement of valves or maintenance of flange joints etc. Thus the industrial and rescue applications of hydraulic spreader are the key drivers of demand in the market. However, the increasing availability of electric tools, such as spreaders powered by rotating motors instead of pumps and hydraulic pressure pose a challenge to the growth of the hydraulic spreader market.

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Hydraulic Spreader Market: Regional Outlook

North America and Europe regions are considered as significant markets for Hydraulic Spreader, with high demand from fire safety & rescue operators. Rescuers prefer hydraulic rescue tools over others owing to their high power, absence of noise and disturbance that might discomfort victims and overall reliability. The growing number of automotive related accidents and the need to provide quick emergency assistance are driving the demand and use of tools such as hydraulic spreader in North America and Europe. Moreover, a regulatory environment that places immense importance on safety and emergency response times has also helped the market for hydraulic spreader grow in these regions.

In the emerging economies of Asia Pacific, Latin America, and Middle East &Africa, the market for hydraulic spreader is projected to witness new growth opportunities from the safety and rescue, as well as the industrial applications The U.S., Germany, U.K., China and Japan are some of the key countries to track in the global hydraulic spreader market.

Hydraulic Spreader Market: Market Participants
Examples of some of the market participants identified in the Hydraulic Spreader market include,

  • IDEX Corporation (HURST)
  • ENERPAC
  • Equalizer International Ltd.
  • Phoenix Rescue Equipment, Inc.
  • Bosch Rexroth
  • Holmatro
  • V-tech Hydraulic
  • WEBER-HYDRAULIK
  • Powermaster Engineers Pvt. Ltd.
  • Specialised Force Pty Ltd

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.

The report covers exhaustive analysis on:

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

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe)
  • CIS and Russia
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Hydraulic Spreader report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Hydraulic Spreader report also maps the qualitative impact of various market factors on market segments and geographies.
Hydraulic Spreader Market: Segmentation
On the basis of Spreading Power, the Hydraulic Spreader market can be segmented as,

  • Less than 5 Tons
  • 5 to 10  Tons
  • Above 10 Tons

On the basis of minimum access gap, the Hydraulic Spreader market can be segmented as,

  • 0 to 2mm
  • Above 2mm

On the basis of Type, the Hydraulic Spreader market can be segmented as,

  • Single Acting
  • Double Acting

On the basis of end use, the Hydraulic Spreader market can be segmented as,

  • Safety and Rescue
  • Industrial

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Hydraulic Spreader Report Highlights:

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

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Peer-To-Peer (P2P) Marketplace Market to Hit US$ 5.1 Billion by 2032 : Says FMI

According to the Peer-to-Peer (P2P) marketplace market analysis by Future Market Insights (FMI), the global market demand is anticipated to grow at a CAGR of 15.5% during the forecast period from 2022 to 2032, pushing the market size to US$ 1.2 Bn in 2022.

As per FMI, increasing penetration of internet-connected services and digitization across the BFSI sector is expected to boost the market over the forecast period. These platforms enable faster peer-to-peer Fintech processes and real-time transaction capacity.

Countries such as China and India have large young population, with social media enhancing their digital lives. The vast number of unbanked and underbanked population around the world has fueled the adoption of digital financial services accessible via smartphones, which encourages the use of peer-to-peer marketplaces.

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Consumers are preferring m-commerce, and most governments have implemented measures to encourage the growth of the digital economy and digital infrastructure. Consumers’ social contacts, financial services, digital entertainment, everyday living services, and shopping habits are undergoing changes as a result of digital payment. Such factors are expected to boost sales in the peer-to-peer marketplace market in the forthcoming years.

The constant need for loans and debts is translating into opportunities for growth for market players. Since India is becoming one of the world’s fastest-growing economies, internet businesses are investing more in research and development to create online platforms that are authorized by the Reserve Bank of India (RBI).

Such rules are required to protect the interests of both lenders and borrowers. Blockchain technology is proving to be a game-changer in terms of reducing the risk of fraud and loan default. This technology also aids in the enhancement of Fintech platform security. Hence, adoption of Peer-to-Peer (P2P) marketplace is expected to grow at a significant rate.

Key Takeaways: 

  • By platform type, FinTech P2P marketplaces segment is expected to grow at a CAGR of 18.2% in the global demand for Peer-to-Peer (P2P) marketplace during the forecast period 2022-2032.
  • By business model, the Business-to-Consumer (B2C) segment is anticipated to increase at a CAGR of 19.0% between 2022 & 2032.
  • By industry, the adoption of Peer-to-Peer (P2P) marketplace solution in BFSI segment is anticipated to increase at a CAGR of 17.7% between 2022 & 2032.
  • North America is expected to lead the market followed by Europe in 2022. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.

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Peer-To-Peer (P2P) Marketplace Outlook By Category

By Platform Type:

  • eCommerce / Retail P2P Marketplaces
  • FinTech P2P Marketplaces
  • Rental P2P Marketplaces
  • Others

By Business Model:

  • Customer-to-Customer (C2C)
  • Business-to-Consumer (B2C)
  • Business-to-Business (B2B)

By Industry:

  • BFSI
  • Retail/eCommerce
  • Real Estate
  • Education
  • Travel & Hospitality
  • Others

By Region:

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

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Smart Mining Technologies Market : Notable Developments & Geographical Outlook 2022 to 2032

According to the smart mining technologies market analysis by Future Market Insights (FMI), the demand registered in the market will grow at a CAGR of around 14.3% from 2022-2032. The report states that the market is expected to reach the valuation of US$ 2.3 Bn by end of 2022 and expected to reach US$ 9 Bn in 2032. Surging demand for digitalization and the adoption of IoT devices in mining operations is expected to drive growth in the smart mining technologies market.

Rising penetration of IoT in the mining industry for performance improvements, analytical maintenance, cost optimization and improved safety is expected to boost the smart mining technologies market.

Moreover, most mining companies are inclined towards digitalization to manage mining operations. IoT in the mining industry improves mining operations by improving data accuracy rates, reduction in energy expenditure and predictive maintenance. Also, IIoT (Industrial Internet of Things) can anticipate machine failures during mining, reducing downtimes.

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Within the next five years, several mining organizations are expected to digitize at least some aspects of their operations using operational intelligence systems. Wireless monitoring mining systems digitizes assets with real time performance tracking and connects large number of sensors, eliminating the need for wired monitoring.

Furthermore, increasing investments in predictive maintenance for full integration of network, continuous monitoring and reduced downtimes is fuelling the market demand for smart technologies in the mining industry.

“Growing preference for automation in the mining sector, along with the introduction of machine learning (ML) and blockchain-based smart mining technologies and solutions will augment the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways: 

  • By technology solution, the blockchain-based metal trading platform segment is estimated to grow at a robust CAGR of 17.5% through 2032.
  • By application, the risk & compliance management segment is anticipated to increase at a CAGR of 16.6% between 2022 & 2032.
  • North America region is dominating smart mining technologies market followed by Europe region in 2022. South Asia & Pacific is estimated as the fastest growing region during the forecast period.
  • The market in U.S. is expected to progress at a CAGR of around 10.0% through 2032.
  • In India, smart mining technologies market is expected to grow by 7.6X during the forecast period.
  • Smart mining technologies market in China is estimated to witness the absolute opportunity of US$ 447.3 Mn in the forecast period.

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More Valuable Insights on Smart Mining Technologies Market

Future Market Insight’s report on the smart mining technologies industry research is segmented into three major sections – technology solution (AI/ML- enabled supply chain management, mining analytics platform, blockchain-based metal trading platform, emissions management software, and others), application (risk & compliance management, mining operations & process control, mining data warehousing, and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the smart mining technologies demand outlook.

Smart Mining Technologies Market by Category

By Technology Solution:

  • AI/ML-enabled Supply Chain Management
  • Mining Analytics Platform
  • Blockchain-based Metal Trading Platform
  • Emissions Management Software
  • Others

By Application:

  • Risk & Compliance Management
  • Mining Operations & Process Control
  • Mining Data Warehousing
  • Others

By Region:

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

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Contactless Ticketing Market Key Players, Applications, Outlook, SWOT Analysis And Forecasts 2022 – 2032

The global contactless ticketing market is expected to be worth $9.4 billion in 2022, rising to $17.3 billion by 2032. It is expected to grow at a CAGR of 13.9% between 2022 and 2032. The tourism, entertainment, and sports industries are expected to drive growth in the near future.

When it comes to the contactless ticketing, the two main options available are mobile NFC (Near Field Communication) and smart cards. Contactless smart cards are the ones customers are most aware of in contactless ticketing. In contactless ticketing, people just hold their card a few inches away from a reader, to securely authenticate or to pay for a passenger’s pass or ticket.

Contactless ticketing solutions by a mobile NFC can store tickets on the mobile phone digitally, and the NFC-enabled mobile phone can be used as a contactless transport ticket. To top up, by using contactless ticketing a passenger has to just tap the mobile device on the NFC reader at the barrier or when boarding the bus or train.

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Many countries are already enjoying the benefits of near field communication technology by using contactless ticketing. Due to the increase in fraudulent activities and the need to provide secure services to customers, contactless ticketing providers are offering security-based solutions to fulfil this huge demand in the contactless ticketing market. The introduction of reliable and safe contactless ticketing has brought about a wide range of applications of contactless ticketing in different sectors. Contactless ticketing solutions can also be used for fare collection via mobile ticketing and tolls.

Global Contactless Ticketing Market: Drivers and Challenges

Contactless payments are fast-paced without the requirement of any password or pin to process the payment. Thus, these transactions are performed quickly without compromising on privacy or security. This is one of the major factors driving the growth of the contactless ticketing market. The increasing demand for mobile and web applications, and real-time information, are some of the major factors driving the growth of the contactless ticketing market.

Faster and easier transactions by using contactless ticketing make the boarding of passengers’ smoother, and hence, is another factor anticipated to drive the growth of the contactless ticketing market during the forecast period. Moreover, the increased adoption of NFC payments is anticipated to foster the demand of the contactless ticketing market over the forecast period.

However, concerns regarding security and privacy have created lack of trust among the public, and the absence of a pin facility during the transaction in contactless ticketing further increases the concerns of customers. This is one of the key factors hampering the growth of the contactless ticketing market. Moreover, contactless ticketing cards are accepted at less locations as compared to magnetic striped cards, which is another factor restraining the growth of the contactless ticketing market.

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Global Contactless Ticketing Market: Competition Landscape

Key Vendors

Examples of some of the market participants in the global contactless ticketing market identified across the value chain include CPI Card Group Inc., Infineon Technologies AG, Proxama, PLC., Texas Instruments, Inc., Wirecard AG, NXP Semiconductors N.V., Atos SE, Giesecke & Devrient GmbH, American Express Company, and Oberthur Technologies S.A.

Global Contactless Ticketing Market: Regional Outlook

The contactless ticketing market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa (MEA).

Growing economies such as China and Japan are set to be emerging regions in the contactless ticketing market in the coming years, due to increasing investments from their governments and companies providing complete automation ticketing services and systems. Europe is anticipated to lead the contactless ticketing market, followed by North America, during the forecast period, due to fast adoption of new technology in these regions. South Asia is estimated to significantly contribute to the contactless ticketing market, due to the growing demand for smart ticketing and automated systems from the developing countries in this region.

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Key Segments Profiled in the Contactless Ticketing Industry Survey

By Device Type:

  • Smart Cards
  • NFC Chips
  • Mobile Handsets
  • Others

By Vertical:

  • Transportation
    • Land Transport
    • Air Transport
    • Water Transport
  • Media and Entertainment
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

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Electric Wheelchair Market Current Scenario, Comprehensive Analysis and Regional Forecast 2022 to 2032

The global electric wheelchairs market is expected to exceed US$ 8 billion by the end of 2032. The demand for electric wheelchairs is expected to exceed US$ 4 billion by 2022, growing at a CAGR of 10% between 2022 and 2032. The rising prevalence of muscular conditions and the world’s ageing population are driving up demand for electric wheelchairs.

Electric wheelchairs, also known as electric power wheelchairs and power chairs, are mobility aids. They are used by people who have difficulty walking or who have immobility-related medical conditions. Because they are powered by a rechargeable battery, these wheelchairs do not require any human assistance to move.

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Electric wheelchairs are also called power chairs or electric Power wheelchairs. They do not require any human assistance for mobility as they are powered by battery. The most obvious advantage of electric wheelchairs is that they are user friendly and convenient. These electric wheelchairs are useful for those unable to use manual wheelchairs or who may want to use wheelchairs for travelling longer distances and in such a case using a manual wheelchair is very difficult. Apart from people with traditional mobility disability, they may also be used by people with cardiovascular diseases or who met with any accidental conditions.

Electric Wheelchair Market: Drivers and Restraints

Factors which are driving the growth of the global electric wheelchair market are growing worldwide elderly population, necessity of automated wheelchair for disabled people and high disposable income of people from developed countries such as UK, France, Germany, US, Canada and Japan. Furthermore increasing demand of advanced wheelchairs from the sport industry is also influencing the growth of electric wheelchair market, as many sport events are organised specially for disabled persons.

Apart from several advantages, the global electric wheelchair market is also facing some challenges such as the high cost of electric wheelchairs and lack of awareness and infrastructure. However these issues are expected to reduce during forecast period.

Electric Wheelchair Market: Region wise outlook

The global electric wheelchair market is estimated to witness robust growth through 2025 due to growing technological advancement in electric wheelchair industry, new products are equipped with gadgets for accessibility and control. The North America region led the market in 2014 in terms of highest demand. In the US, the government provides medical insurance to people over age of 65, which also helps them to get medical facilities at subsidized rates.

High purchasing power, increasing elderly population and consumer awareness and inclination towards more sophisticated technology driven the progress of electric wheelchair market in this region. In coming years, developing countries such as India, China and Brazil are expected to boost the demand of electric wheelchairs. It is mainly because of the gradual increase in consumer awareness and development of medical facilities in this region.

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Electric Wheelchair Market: Key Players

The key international players operating in electric wheelchair market includes OttoBock Healthcare GmbH, Invacare Corp., Pride Mobility Products Corp., Permobil AB, Sunrise Medical Limited, Hoveround Corporation, LEVO AG, Invacare Corp., MEYRA GmbH, Medical Depot, Inc., GF HEALTH PRODUCTS, INC and Others. All these key players are focusing on delivering best value products to their customers. Customised offering and product innovation is a common strategy adopted by most of the key players. These electric wheelchair manufactures offers large variety and different sizes of wheelchairs to meet demand of individuals depending upon their weight and height.

Key Segments Profiled in the Electric Wheelchairs Market Survey

By Product Type:

  • Center Wheel Drive
  • Front Wheel Drive
  • Rear Wheel Drive
  • Standing Electric Wheelchairs

End Users:

  • Hospitals & Clinic
  • Home Care
  • Sports Conditioning

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

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Rope Rescue Harness Market Outlook by Key Players, Industry Overview, Supply and Consumption Demand Analysis By 2032

The harness is an accessory between a static and moving object and is generally made-up of rope, webbing or cable and locking hardware. Harness which is fabricated from rope and is used for rescuing purpose is known as rope rescue harness.  Rope rescue harnesses Market are used in combination with a shock absorber, which is used to regulate deceleration when the end of the rope is reached. Rope rescue harness are designed to provide comfortable support to the wearer and to create safe working platform. Rope rescue harness are in built with suitable strength to catch a fall. Long waist and leg hoops provides comfortable work platform than the traditional climbing harness.

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Rescue rope harness has leg and waist pads with breathable cloth for better comfort, gear loops on both sides and a back waist D shape-ring for travel restraint. Rope rescue harness is designed for optimum performance. Rope rescue harness also have tool attachments hoops for carrying necessary tools for rescue operations. Rope rescue harness is used for various purposes such as fire rescue, space rescue, and special rescue operations carried out by military and marine forces. Rope rescue harness is also finding its application in building & construction, arboriculture and other industrial application.

Rope Rescue Harness Market: Dynamics

Increase in the number of calamities and disasters situations has increased the need for rescue operations, owing to which there rise in the use rope rescue harness. Also the rise in the number of rescue operations carried out by military, marine and Special Forces for national security purpose has increased the use of rope rescue harness. Growing building & construction industry and rising trend of construction of tall infrastructure has compelled the use of advanced safety equipment for the safety of workers. Rope rescue harness are witnessing increase in their demand owing to the increasing number of regulations regarding emergency and rescue services by the organizations such as OSHA. Also there is increase in the number of regulations and standards set by European commission for the usage of appropriate fall protection gear. For example, European standards EN 353-2:2002: Represents the use of personal protection equipment against fall from a height. Rising number of regulations pertaining to the safety of industrial workers is also positively influencing the rope rescue harness market. Limited awareness regarding to advanced safety equipment such as rope rescue harness in underdeveloped regions will act as an restraining factor for the rope rescue harness market.

Rope Rescue Harness Market: Regional Outlook

Developed regions such as North America and Europe are estimated to be the prominent markets for rope rescue harness, owing to the pre-dominance of various industries and significant number of safety standards and regulations. Japan is one of the major earthquake prone regions, owing to which there is frequent need for rescue operation due to which there is high demand for rope rescue harness. In Asia Pacific region there is rise in the imposition of the safety standards and measures in various industries, owing to the rapid industrialization and increased adoption of safety measures Asia Pacific can be considered as promising market for rope rescue harness. Latin America as well as Middle East &Africa is estimated to witness decent growth over the forecast period owing to the increasing adoption of safety measures and regulations.

Rope Rescue Harness Market: Key Participants

Examples of some of the market participants operating in the global rope rescue harness market are:

  • CMC Rescue, Inc.,
  • CAMP s.p.a,
  • Arco Professional Safety Services Ltd.,
  • SKYLOTEC, SAR Products Ltd,
  • Scavenger Manufacturing (Pty) Ltd. Scavenger Manufacturing (Pty) Ltd,
  • CRESTO AB,
  • RIT Safety Solutions,
  • LLC
  • Vertico X-treme

The Rope rescue harness market research report presents a comprehensive assessment of the Rope rescue harness market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Rope rescue harness market research report provides analysis and information according to Rope rescue harness market segments such as geographies, application and industry.

The report covers exhaustive analysis on,

  • Rope rescue harness Market Segments
  • Rope rescue harness  Market Dynamics
  • Rope rescue harness  Market Size
  • Rope rescue harness Supply & Demand Scenario
  • Current Trends/Issues/Challenges in Rope rescue harness market
  • Competition & Companies involved in Rope rescue harness market
  • Technology used in Rope rescue harness Market
  • Value Chain of Rope rescue harness Market

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Regional analysis includes,

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
  • Eastern Europe (Russia, Poland, CIS)
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Rope rescue harness Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Rope rescue harness market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Rope rescue harness market segments and geographies

Rope Rescue Harness Market: Segmentation

The global rope rescue harness market can be segmented on the basis of material type, by product type, application, waist size, and by end-use:

The global rope rescue harness market is segmented on the basis of its material type:

  • Polymers
  • Polystyrene
  • Polyamide
  • Polyester
  • Polyurethane
  • Polycarbonate
  • Polypropylene
  • Metals/Alloys
  • Steel
  • Stainless Steel
  • Aluminum

The global rope rescue harness market is segmented on the basis of its product type:

  • Upper Body
  • Lower Body
  • Full Body

The global rope rescue harness market is segmented on the basis of application:

  • Human
  • Non-human

The global rope rescue harness market is segmented on the basis of waist size:

  • Small (60-80 cm)
  • Medium (80-110 cm)
  • Large (110-130 cm)

The global rope rescue harness market is segmented on the basis of its end-use:

  • Defense
  • Marine
  • Space rescue
  • Special rescue forces
  • Building & Construction
  • Arboriculture

Report Highlights:

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

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Recycled Scrap Metal Industry to surpass US$ 103.97 Bn by 2032, Says FMI

By 2022, the value of the recycled scrap metal industry is expected to exceed US$ 61.45 billion. Demand for recycled scrap metal is predicted to rise in the automotive, shipbuilding, building, construction, and infrastructure industries. The market is expected to develop at a compound yearly growth rate of 5.4% between 2022 and 2032, reaching a valuation of US$ 103.97 Bn by 2032.

Rapid development of the building and construction sector also is propelling sales of recycled scrap metals. Increments in the production of automotive, shipbuilding aero plane manufacturing are also bolstering the consumption rate of recycled scrap metal.

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Production and processing of ferrous as well as non-ferrous metals produces scrap. These scraps are further utilized in the processing of various products to reduce waste generation. Growing demand for waste management and initiatives taken by regional government bodies to minimize waste is expected to bolster sales of recycled scrap metals over the forecast period.

As per FMI, the East Asia region is anticipated to be a key consumer of recycled scrap metals owing to strong production of iron and steel, especially in China. Backed by the aforementioned factors, the global recycled scrap metal market is projected to top US$ 103.97 Bn by 2032.

What are the key trends driving sales of Recycled Scrap Metal in the global market?

The global development in urbanisation and industrialisation is one of the primary factors driving the expansion of the recycled scrap metal industry. The presence of government-enforced laws and regulations, as well as broad adoption of the technique by manufacturers for collecting raw materials to build finished items without sacrificing their qualities, are propelling the recycled scrap metal industry forward. To give just one example, the recycling industry in the United States contributes $116.8 billion in GDP. The global metal recycling market is developing as people become more aware of the need to minimise greenhouse gas emissions and become more environmentally concerned.

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Competitive Landscape         

Key market participants in the global recycled scrap metal market elaborated in the report includes ArcelorMittal, Aurubis AG, China Baowu Group, HBIS Group, Sims Metal Management Ltd., HKS Metals, Nucor Corporation, AMG Resources Corporation, Celsa Group, EMR Group, CRONIMET Holding GmbH, GLE Scrap Metal, Tucson Iron and Metal, ELG Haniel GmbH, Atlantic Recycling Group, LLC, Baroni Scrap Metal LLC, Kuusakoski Group Oy, IMR Innovative Metal Recycling GmbH, Romukeskus Oy, Commercial Metals Co (CMC), MetalCirc Oy, GMH Recycling GmbH, Eco-Bat Technologies Ltd., and Evraz plc.

Increasing Iron and Steel Production Boosting Recycled Scrap Metal Sales

Rapid expansion of the construction sector, automotive production, industrial machinery, tools and equipment sector, and ship building is spurring the demand for iron and steel. Investment towards infrastructure, especially in developing nations is also boosting demand for iron and steel in civil construction. This is resulting in increasing sales of recycled scrap metals, and the trend is expected to continue over the forecast period.

Significant growth in the construction and infrastructure sector in China in the past few years has boosted the consumption of iron and steel, resulting in high demand for scrap metals for the production. As scrap metal utilization helps in reducing carbon emission and waste generation, key players are preferring scrap metals to produce iron and steel. This reduces overall production cost and helps companies in achieving their sustainability goals.

China also has significantly increased its steel production in the last decade, which has boosted the demand for recycled scrap metals. Overall increase in iron and steel production is anticipated to propel the consumption rate of scrap metals in the coming years.

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More Insights into the Recycled Scrap Metals Market Report

In its latest report, FMI offers an unbiased analysis of the global recycled scrap metal market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2022-2032. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of metal type (ferrous and non-ferrous), source (production scrap and post-consumer scrap) and end-use (transportation, building & construction, consumer electronics, packaging, equipment & tools, art, décor and home furnishing and jewelry) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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1,4-Dicyclohexylbenzene Market Is Expected To See a growth of 3.7% | Future Market Insights

In its latest study, Future Market Insights (FMI) has forecast the demand for 1,4-Dicyclohexylbenzene to rise in chemical, paints and coatings, and electrical and electronics industries. As per the research report, the 1,4-Dicyclohexylbenzene market is expected to register growth at 3.7% during the forecast period of 2021-2031.

Growth in automobile sales will fuel the demand for 1,4-Dicyclohexylbenzene owing to its use as a solvent in paints and plastic products used in the automobile industry.

Besides the automotive sector, the chemical industry will emerge as a major consumer of 1,4-Dicyclohexylbenzene due to its use as a chemical intermediate in manufacturing of phenol, which is further used for epoxy resins.

In addition to this, the increasing demand from the electrical and electronics sector, to meet intensive specifications and requirements of consumer electronics and other devices is expected to create significant growth opportunities. These factors will prove crucial for consistent growth of the global 1,4-Dicyclohexylbenzene market.

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Key Takeaways from 1,4-Dicyclohexylbenzene Market Study

  • China has emerged as a leading consumer of 1,4 – Dicyclohexylbenzene owing to strong presence of chemical, automobiles, and electrical and Electronics industries in the country.
  • The chemical industry is the largest consumer of 1,4-Dicyclohexylbenzene, exhibiting increasing application in the production of diverse chemicals.
  • South Korea and Japan also will emerge as lucrative markets with East Asia. Globally, these countries are expected to account for 9.4% of 1,4-Dicyclohexylbenzene sales in 2021.
  • Sales in the U.S. will consistently rise, accounting for 85.9% of demand in North America in 2021.

 “Increasing application in chemical production will drive the 1,4-Dicyclohexylbenzene market. In order to capitalize on existing opportunities, market players are expected to enter into partnership agreements with regional players,” said an analyst at FMI.

1,4-Dicyclohexylbenzene Market: Participant Insights                                        

Key manufacturers in the 1,4-Dicyclohexylbenzene market, such as, Schultz Canada Chemicals Co. ltd., Biosynth Carbosynth, Henan Tianfu Chemicals Co. Ltd., Changsha Easchem Co., Ltd., Hefei TNJ Chemical Co. Ltd., Jiangsu Zhongneng Chemical Technology Co., Ltd., Tokyo Chemical Industry Co. Ltd., Syntechem Co. Ltd, among others are focusing on introducing new products in the 1,4-Dicyclohexylbenzene market. Since the market is very niche, some manufacturers are investing a significant amount in research and innovation to explore various applications field.

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1,4-Dicyclohexylbenzene Market by Category

By Product Type:

  • Below 99%
  • Above 99%

By Application:

  • Adhesives
  • Paints & Coatings
  • Electrical & Electronics
  • Chemical Intermediate
  • Others

By Region:

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

Moreover, significant growth potential exists in emerging economies such as those in Asia Pacific. There is a considerable demand for dicyclohexylbenzene-based products in India and other Southeast Asian countries.

Since the chemical industry is consolidated, investment in product development by key manufacturers is expected to create considerable opportunity across various end-use industries. As per the report, the demand in electronics, pharmaceuticals, cosmetics and other sectors will lead to an increase in the consumption of 1,4-Dicyclohexylbenzene.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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