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Global Market News

Growth of Augmented Reality and Virtual Reality Market with leading key players like Sony, Oculus, Samsung, Google and Others.

ReportsnReports offers a global report on “Augmented Reality and Virtual Reality Market by Offering (Hardware & Software), Device Type (HMD, HUD, Handheld Device, Gesture Tracking), Application (Enterprise, Consumer, Commercial, Healthcare, Automotive), and Geography – Global Forecast to 2023” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 295 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

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The Augmented Reality Market was valued at USD 11.14 Billion in 2018 and is expected to reach USD 60.55 Billion by 2023, growing at a CAGR of 40.29% during the forecast period.

#Kay Players- Sony (Japan), Oculus (US), Samsung (South Korea), Google (US), HTC (Taiwan), PTC (US), Microsoft (US), Wikitude (Austria), DAQRI (US), Zugara, (US), Blippar (UK), Osterhout Design Group (US), Magic Leap (US), Upskill (US), Continental (Germany), Visteon (US), Eon Reality (US), and Vuzix (US).

The virtual reality market was valued at USD 7.90 billion in 2018 and is expected to reach USD 34.08 billion by 2023, growing at a CAGR of 33.95% during the forecast period. The high penetration of HMDs in gaming and entertainment, huge investments in the VR market, advancement of technology and digitization, and availability of affordable VR devices are the major drivers of the VR market.

The use of HMDs in the enterprises for instructions and training purposes is likely to boost the growth of HMDs in the AR market. AR smart glasses are expected to be mainly used HMDs in the augmented reality market. The major applications for VR HMDs have been gaming and entertainment, and are expected to dominate the market during the forecast period.

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Table of Contents:

1 Introduction

1.1 Objectives of the Study

1.2 Definition

1.3 Study Scope

1.3.1 Markets Covered

1.3.2 Years Considered for the Study

1.4 Currency

1.5 Limitations

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.1.1.1 Secondary Sources

2.1.2 Primary Data

2.1.2.1 Primary Interviews With Experts

2.1.2.2 Breakdown of Primaries

2.1.2.3 Key Data From Primary Sources

2.1.3 Secondary and Primary Research

2.1.3.1 Key Industry Insights

2.2 Market Size Estimation

2.2.1 Bottom-Up Approach

2.2.1.1 Approach for Capturing the Market Size By Bottom-Up Analysis (Demand Side)

2.2.2 Top-Down Approach

2.2.2.1 Approach for Capturing the Market Size By Top-Down Analysis (Supply Side)

2.3 Market Breakdown & Data Triangulation

2.4 Research Assumptions

3 Executive Summary

4 Premium Insights

4.1 Augmented Reality Market, 2017–2023 (USD Billion)

4.2 Virtual Reality Market, 2017–2023 (USD Billion)

4.3 Virtual Reality Market in APAC

4.4 Virtual Reality Market: Developed vs Developing Markets, 2017 and 2023 (USD Billion)

4.5 Augmented Reality Market Analysis, By Country (2018–2023)

4.6 Augmented Reality Market, By Application (USD Million)

4.7 VR Market, By Device Type

…..More

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List of Tables:

Table 1 VR Market, By Technology, 2015–2023 (USD Million)

Table 2 VR Market for Nonimmersive Technology, By Offering, 2015–2023 (USD Million)

Table 3 VR Market for Semi- and Fully Immersive Technologies, By Offering, 2015–2023 (USD Million)

Table 4 AR Market, By Offering, 2015–2023 (USD Million)

Table 5 VR Market, By Offering, 2015–2023 (USD Million)

Table 6 AR Market, Hardware, 2015–2023 (USD Million)

Table 7 VR Market, Hardware, 2015–2023 (USD Million)

Table 8 AR Market for Software, By Application, 2015–2023 (USD Million)

Table 9 VR Market for Software, By Application, 2015–2023 (USD Million)

Table 10 Augmented Reality Market, Device Type, 2015–2023 (USD Million)

Table 11 Augmented Reality Market, Device Type, 2015–2023 (Thousand Units)

Table 12 Augmented Reality Market for Hmds, By Application, 2015–2023 (USD Million)

Table 13 Augmented Reality Hud Market, By Application, 2015–2023 (USD Million)

Table 14 Augmented Reality Market for Handheld Devices, By Application, 2015–2023 (USD Thousand)

Table 15 Virtual Reality Market, Device Type, 2015–2023 (USD Million)

Table 16 Virtual Reality Market, Device Type, 2015–2023, (Thousand Units)

Table 17 Virtual Reality Hmd Market, By Application, 2015–2023 (USD Million)

Table 18 Virtual Reality Market for Gesture-Tracking Devices, By Application, 2015–2023 (USD Million)

Table 19 Virtual Reality Market for Projectors & Display Walls, By Application, 2015–2023 (USD Million)

Table 20 Augmented Reality Market, By Application, 2015–2023 (USD Million)

…and More

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Categories
Global Market News

Power Tools Market Expected to Grow at 41.7 Billion In Revenue by 2024

A fresh report titled “Power Tools Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 172 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

The Global Power Tools Market is estimated to grow from US$ 31.8 Billion in 2019 to US$ 41.7 Billion by 2024, at a CAGR of 5.5%. 

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#Key Players- Stanley Black & Decker (US), Techtronic Industries (Hong Kong), Robert Bosch (Germany), Makita Corporation (Japan), Hilti Corporation (Liechtenstein), Atlas Copco (Sweden), Apex Tool Group (US), Ingersoll-Rand (Ireland), KOKI Holdings (Japan), and Snap-on Incorporated (US).

Drilling and fastening tools are expected to grow at the highest CAGR from 2019 to 2024, followed by material removal tools with second-highest CAGR. Fastening tools are widely used in industries, namely construction, automotive, aerospace, and energy. Fastening tools are used for quality-critical operations such as tightening joints, mounting the engine to the chassis, and fastening bolts.

The market for the automotive industry to grow at the fastest CAGR in the power tools market owing to rising sales of commercial vehicles. Power tools such as screwdrivers, nutrunners, and torque tools are also used in automotive workshops for repairing crucial parts of cars, trucks, and motorcycles. The integrity of fastening tools is essential for critical automotive assembly applications.

Table of Contents:

1 Introduction

1.1 Objectives of the Study

1.2 Definition

1.3 Study Scope

1.3.1 Markets Covered

1.3.2 Years Considered

1.4 Currency

1.5 Package Size

1.6 Limitations

1.7 Stakeholders

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2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.1.1.1 List of Secondary Sources

2.1.1.2 Key Data From Secondary Sources

2.1.2 Primary Data

2.1.2.1 Breakdown of Primary Interviews

2.1.2.2 Key Data From Primary Sources

2.1.3 Secondary and Primary Research

2.1.3.1 Key Industry Insights

2.2 Market Size Estimation

2.2.1 Bottom-Up Approach

2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)

2.2.2 Top-Down Approach

2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)

2.3 Market Breakdown and Data Triangulation

2.4 Research Assumptions

3 Executive Summary

4 Premium Insights

4.1 Lucrative Opportunities in Power Tools Market

4.2 Power Tools Market, By Tool Type

4.3 Market, By Application

4.4 Market in North America, By Mode of Operation and Country

4.5 Market in APAC, By Industrial Application

4.6 Market, By Region

….and More

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Industry Growth Industry Trends

Global Spring Shackles Market Analysis Covering Size, Share, Growth, Trends and Upcoming Opportunities

According to a newly published report by Research Nester on “Global Spring Shackles Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global spring shackles market in terms of market segmentation by vehicle type, by supply channel and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

Technological advancements in the automobile industry have led to the development of new and advanced spring shackles that assist precise handling, and are longer in length, increasing the wheel travel and contribute towards improving the driver comfort. Both heavy and light commercial vehicles are extensively using spring shackles in leaf spring suspension system owing to develop load bearing capacity and economic characteristics. Advanced spring shackles have been developed according to the driving need and the vehicle type.

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The market is segmented by vehicle type into light commercial vehicles and heavy commercial vehicles out of which, the light commercial vehicles segment is anticipated to have leading shares on account of extensive use of light commercial vehicles in the transportation. The market is further segmented by sales channel into original equipment manufacturer and aftermarket.

Increasing industrialization in Asia Pacific region will lead to rise in the demand for commercial vehicles and is anticipated to have a significant impact on the growth of spring shackles market. Europe has been the major contributors towards this market due to substantial production of spring suspension system. Middle East and Africa region is known for trading activities therefore, placing a demand for efficient commercial vehicles which will ultimately lead to the growth of spring shackles market in the near future.

High Resistance and technological advancements to boost the spring shackles market in the near future

The leaf spring suspension system is increasingly used owing to its low maintenance cost and its high resistance to wear and tear. Hence, they are widely used in vehicles having high load. Enhancement in technology related to automobile industry is leading to the development of new and improved spring shackles giving better handling, long length, increasing the wheel travel and more driver comfort. These factors are expected to boost the market growth over the forecast period.

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The use of spring shackles has become obsolete in passenger cars. Moreover, problems occurring due to the bending of spring shackles is limiting the use of shackles in the vehicles hence projected to restrain the growth of the spring shackles market during the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global spring shackles market which includes company profiling of Hub City Spring and Machine Ltd., Dobinsons Spring & Suspensions, Dorman Products Inc., Mountain Off-Road Enterprises, Omix – ADA Inc., Surindra Auto Industries, Crown Automotive Sale Co. Inc., and Lovells Springs Pty. Ltd.

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global spring shackles market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Research Nester

Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

Contact Us

AJ Daniel
Email: [email protected]
U.S. Phone: [+1 646 586 9123]
U.K. Phone: [+44 203 608 591]

Semi-Trailer Market
Hormone Replacement Therapy Market
Point of Care Genetic Testing Market
Surgical Navigation System Market
Feed Phosphate Market

Categories
Global Market News

Waterjet Cutting Machine Market Expected to Witness a Sustainable Growth over 2023

The Global report on “Waterjet Cutting Machine Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 112 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

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The Water Jet Cutting Machine Market is expected to grow from USD 921.7 Million by 2018 to USD 1,248.0 Million by 2023, at a CAGR of 6.25% during the forecast period.

Top Companies profiled in the Waterjet Cutting Machine Market:

  • Colfax Corporation (US)
  • Lincoln Electric Holdings Inc. (US)
  • Flow International (US)
  • Koike Aronson (US)
  • Omax Corporation (US)
  • KMT Water jet (US)
  • Hornet Cutting System (US)
  • A Innovative International (India)
  • Semyx (US)

“Water jet cutting machine market for automotive to grow at high CAGR during forecast period”

In automotive industry, water jet cutting machines are used for the interior and exterior cutting tasks of headliners, carpets, liners, dumpers, door and instrument panels, seats, composite parts, and castings in the automotive industry, which also contributes to the growth of the water jet cutting machine market for this industry.

“Foam product cutting to be fastest-growing application in market during forecast period”

The water jet cutting machine market for foam product cutting is expected to grow at a high rate between 2018and 2023. Water jet is used for cutting foams which are used in various applications including aircraft part packaging, military packaging, foam dock protectors, foam protective barriers, foam mattresses, and cushioning foam, which is expected to drive the water jet cutting machine market.

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Table of Contents:

1 Introduction

1.1 Study Objectives

1.2 Market Definition

1.3 Study Scope

1.3.1 Years Considered

1.4 Currency Considered

1.5 Limitations

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.1.1.1 Key Data From Secondary Sources

2.1.2 Primary Data

2.1.2.1 Key Data From Primary Sources

2.1.2.2 Key Industry Insights

2.1.2.3 Breakdown of Primaries

2.2 Market Size Estimation

2.3 Market Breakdown & Data Triangulation

2.4 Research Assumptions

3 Executive Summary

4 Premium Insights

4.1 Lucrative Opportunities in Waterjet Cutting Machine Market

4.2 Waterjet Cutting Machine Market, By Application

4.3 Waterjet Cutting Machine Market in APAC, By Industry, 2017

4.4 Waterjet Cutting Machine Market, By Industry

4.5 Market Share of Major Countries and Regions, 2017

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Promising Growth in Global Steel Industry

5.2.1.2 Growing Automobile Industry

5.2.1.3 Development of Industrial Sector in the Middle East and Africa

5.2.1.4 Comprehensive Increase in Construction Activities

5.2.2 Restraints

5.2.2.1 High Total Cost of Ownership and Requirement of Technical Know-How

5.2.3 Opportunities

5.2.3.1 Increasing Demand for Mechanized Cutting in Industrial Sector of Developing Economies

5.2.3.2 Growing Demand for Waterjet Cutting Machines in Wind Energy Industry

5.2.4 Challenges

5.2.4.1 Development of Cost-Effective Technologies

…and More

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Categories
Global Market News

Recent Analysis of Loyalty Management Market | IBM, Comarch, Aimia, SAP, Oracle and Others.

ReportsnReports offers a latest published report on “Loyalty Management Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 83 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Loyalty Management Market size is expected to grow from US$ 6.8 Billion in 2019 to US$ 10.9 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period. This report spread across 83 Pages, Profiling 14 Companies and Supported with 60 Tables and 32 Figures is now available in this research.

#Key Players-IBM (US), Comarch (Poland), Aimia (Canada), SAP (Germany), Oracle (US), Bond Band Loyalty (Canada), Tibco (US), Salesforce (US), Maritz Holdings Inc. (US), Capillary (Singapore), ICF Next (US), Antavo (Singapore), Blue Ocean (Canada), Kobie Marketing (US), Epsilon (US).

Customer loyalty is the most important differentiating factor among organizations offering similar products or services. It provides a crucial product and brand differentiation for organizations when a differentiation through price becomes secondary. Organizations know that loyal customers would promote their brand to new customers by sharing their positive experience.

Organizations across the APAC opting for omni channel marketing to achieve customer loyalty. Advancements of mobile technology and applications in APAC countries, such as Japan, China, and India. Travel and hospitality, retail, and banking are the major verticals driving the loyalty management market in APAC. China, Japan, and Australia have a high adoption rate of the loyalty management solution and services that resolve the complex queries by customers. APAC countries have enormous potential to grow further, due to the fast adoption of technologies.

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The Study Objectives of this report are:

  • To analyze the opportunities in the market for stakeholders and provide the competitive landscape of the market
  • To forecast the revenue of the market’s segments with respect to 5 major regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
  • To define, describe, and forecast the global market by delivery type (standalone program and managed platform), enterprise size, deployment, vertical (BFSI, aviation, automotive, retail and consumer goods, media and entertainment, and hospitality) and region
  • To provide detailed information about major factors, such as drivers, restraints, opportunities, and challenges, influencing the market growth
  • To analyze the market’s subsegments with respect to the individual growth trends, prospects, and contributions to the total market
  • To profile the key players and comprehensively analyze their recent developments and positioning in the loyalty management market
  • To analyze the competitive developments, such as mergers and acquisitions, new product developments, and R&D activities, in the market

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Categories
Global Market News

Microchannel Heat Exchanger Market: Overview, Competitive Situation, Market Concentration Rate and Forecast 2024

According to Market Study Report, Microchannel Heat Exchanger Market provides a comprehensive analysis of the Microchannel Heat Exchanger Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.

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The Microchannel Heat Exchanger Market is estimated to be USD 11.3 Billion in 2019 and is projected to reach USD 20.7 Billion by 2024, at a CAGR of 13.0%.

#Key Players- Sanhua (China), MAHLE (Germany), Denso Corporation (Japan), Modine (US), Hanon Systems (South Korea), Kangsheng Group (China), Kaltra (Deutschland), Climetal (Spain), Danfoss (Denmark), and API Heat Transfer (US).

The Automotive application dominates the Microchannel Heat Exchanger market and is projected to register a high CAGR during the forecast period. Growing production and demand for automotive, along with the growing demand for electric vehicles, will boost the demand for MCHE in this application. Moreover, MCHE is in high demand for cooling of liquid to increase the efficiency and reduce the size of the radiator in the engine cooling system in the automotive industry.

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List of Tables:

Table 1 Annual Percent Change of Real GDP Growth Rates From 2016 to 2023

Table 2 Trends and Forecast of GDP Per Capita, By Country, 2016–2020 (USD)

Table 3 Automotive Production, Million Unit (2011–2016)

Table 4 Overall AC Demand in North America, 2015–2017 (Thousand Units)

Table 5 Overall AC Demand in Europe, 2015–2017 (Thousand Units)

Table 6 Overall AC Demand in APAC, 2015–2017 (Thousand Units)

Table 7 MCHE Market Size, By Type, 2017–2024 (USD Million)

Table 8 MCHE Market Size, By Application, 2017–2024 (USD Million)

Table 9 MCHE Market Size, By Region, 2017–2024 (USD Million)

Table 10 North America: MCHE Market Size, By Country, 2017–2024 (USD Million)

Table 11 North America: MCHE Market Size, By Type, 2017–2024 (USD Million)

Table 12 North America: MCHE Market Size, By Application, 2017–2024 (USD Million)

Table 13 US: MCHE Market Size, By Type, 2017–2024 (USD Million)

Table 14 US: MCHE Market Size, By Application, 2017–2024 (USD Million)

Table 15 Canada: MCHE Market Size, By Type, 2017–2024 (USD Million)

Table 16 Canada: MCHE Market Size, By Application, 2017–2024 (USD Million)

Table 17 Mexico: MCHE Market Size, By Type, 2017–2024 (USD Million)

Table 18 Mexico: MCHE Market Size, By Application, 2017–2024 (USD Million)

Table 19 APAC: MCHE Market Size, By Country, 2017–2024 (USD Million)

Table 20 APAC: MCHE Market Size, By Type, 2017–2024 (USD Million)

Table 21 APAC: MCHE Market Size, By Application, 2017–2024 (USD Million)

Table 22 China: MCHE Market Size, By Type, 2017–2024 (USD Million)

Table 23 China: MCHE Market Size, By Application, 2017–2024 (USD Million)

Table 24 India: MCHE Market Size, By Type, 2017–2024 (USD Million)

Table 25 India: MCHE Market Size, By Application, 2017–2024 (USD Million)

Table 26 Japan: MCHE Market Size, By Type, 2017–2024 (USD Million)

Table 27 Japan: MCHE Market Size, By Application, 2017–2024 (USD Million)

Table 28 South Korea: MCHE Market Size, By Type, 2017–2024 (USD Million)

Table 29 South Korea: MCHE Market Size, By Application, 2017–2024 (USD Million)

Table 30 Indonesia: MCHE Market Size, By Type, 2017–2024 (USD Million)

….and More

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Categories
Industry Trends Key Players

Crash Test Dummies Market Insights, Trends & Growth Opportunities Till 2027

Research Nester released a report titled “Crash Test Dummies Market- Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global crash test dummies market in terms of market segmentation by product, type, end user and region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

According to the World Health Organization (W.H.O), approximately 1.35 million people die each year from road traffic crashes.

With the increasing rate of road accidents, various safety steps and initiatives have been taken by the enterprises to reduce the road crashes and their aftermath.  The crash test dummy is one such compulsory test to examine how well a car can protect its occupants. Crash test dummies helps in recreation of human reaction to impacts, increasing speeds, avoidances, and strengths among other impacts. The adoption of stringent rules for improving road safety combined with rising number of vehicles on road are some of the notable factors that are anticipated to boost the market growth by reaching significant market valuation by the end of 2027. According to Research Nester’s analyst, the market is predicted to expand at noteworthy CAGR during the forecast period, i.e., 2019-2027. With growing number of vehicle production, the demand for crash test dummies is estimated to grow, thereby driving the growth rate of this market.

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On the regional basis, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa, out of which, the market in North America is expected to witness a significant growth owing to the presence of strict government regulations regarding road safety and growing and research and development activities in automotive sector in the region. Furthermore, the market in Asia-Pacific is estimated to hold major share in the crash test dummies market on the back of increased demand for automobiles in the region.

Stringent Safety Standards to Boost the Demand for Crash Test Dummies

Owing to high rate of highway accidents, most of the governments are under tremendous pressure from international organizations to implement strict rules and safety regulations for road safety. Such initiatives are predicted to generate massive revenue over the next eight years, providing numerous opportunities for industry participants to invest in research and development activities pertaining to crash test dummies.

Increasing Vehicle Production

According to OICA’s (International Organization of Motor Vehicle Manufacturers) production statistics, around 95 million cars and commercial vehicles were produced during 2018. The growing demand for automobiles around the globe is anticipated to directly impact the growth of the market in upcoming years.

Industry Players are Progressing towards Minimizing the Barriers faced by the Global Crash Test Dummies Market

The increasing cost of automobiles on the back of safety guidelines leading to installation of safety measures such as airbags, speed alerts among other features is expected to hinder the market growth during the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global crash test dummies market which includes company profiling of 4activeSystems GmbH, Cellbond Ltd., Dynamic Research, Inc., Humanetics Innovative Solutions, Jasti Co., Ltd., TASS International and GESAC, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global crash test dummies market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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About Research Nester

Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

Contact Us

Ajay Daniel
Email: [email protected]
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919

Smart Indoor Air Quality Monitoring Device Market
Enterprise/Business Firewall Software Market
Muscle Relaxant Drugs Market
Aircraft Control Equipment Market
Metabolomics Market
Pressure Relief Mattress Market
Rate of Turn Indicator Market
Smart Pills Market

Categories
Industry Growth Industry Trends

Semi-Trailer Market Projected to Worth USD 20 Billion, at a CAGR of 3.3% by 2027

Rise in the fuel prices and strict government regulations have increased the demand for trailer technology advancement among the fleet owners who are slowly moving towards owning lighter semi-trailers. The freight transport industry and commitment by government bodies of different regions to reduce the road congestion, improving the conditions for transportation, is supporting the growth of the market. On account of these factors, the global semi-trailer market is anticipated to cross more than USD 20 Billion by 2027 by expanding at a CAGR of around 3.3% over the forecast period i.e. 2019-2027.

The market is segmented by type into refrigerated trailer, flatbed trailer, dump trailer, dry trailer, curtain trailer/ stake trailer, tankers, out of which, the dry trailer segment is estimated to hold leading shares owing to significant demand for semi-trailers in various countries of the globe. The market is further bifurcated by tonnage into below 25 tons, between 25-50 tons, between 50-100 tons and above 100 tons, out of which, 25-50 tons segment is anticipated to hold significant shares owing to its adequate capacity to handle freight or cargo. By end users, the market is segmented into heavy industry, construction, medical, food and beverage, oil and gas, textile industry out of which, the food and beverage industry is anticipated to have significant growth on account of increase in the demand for consumer goods.

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Regionally, the semi-trailer market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in North America is estimated to hold prominent share in the global market owing to the noticeable truck industry with good road infrastructure and connectivity among all the states in the U.S. Growing construction activities and flexible inland transportation services are some of the major factors that are estimated to significantly drive the growth of the market in Asia Pacific region over the forecast period.

Rising Global Population to Boost the Market Growth

The rising global population has led to the increasing demand for consumer goods thus, leading to the expansion of agriculture and manufacturing industries. Moreover, the government initiatives to improve road connectivity along with high cargo carrying capacity of trailers and reduction in the operating cost are some of the attractive factors that are projected to hone the market growth.

However, poor road maintenance affecting the road freight transportation is anticipated to deter the growth of the market over the forecast period.

The report titled “Global Semi-Trailer Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global semi-trailer market in terms of market segmentation by type, by tonnage, by axle, by end use industry and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the global semi-trailer market which includes company profiling of China International Marine Containers (Group) Ltd., Great Dane, HYUNDAI Translead, Chassis King, Schmitz Cargobull, Krone Fleet, Wabash National Corporation, Utility Trailer Manufacturing Company and Dorsey Trailer.

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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global semi-trailer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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Categories
Global Market News

Testing, Inspection, & Certification Market Detailed Analysis 2020-2025: SGS, Bureau Veritas, Intertek, Eurofins Scientific, TUV SUD, UL LLC, NTS and Others.

According to Market Study Report, Testing, Inspection, & Certification Market provides a comprehensive analysis of the Testing, Inspection, & Certification Marketsegments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Testing, Inspection, & Certification Market.

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The Testing, Inspection, & Certification Market Market is expected to grow at a CAGR of 4.7% from USD 218.4 Billion in 2020 to USD 274.3 Billion.

This Report Covers Leading Companies Associated in Worldwide Testing, Inspection, & Certification Market:

  • SGS (Switzerland)
  • Bureau Veritas (France)
  • Intertek (UK)
  • Eurofins Scientific (Luxembourg)
  • TÜV SÜD (Germany)
  • TÜV Rheinland (Germany)
  • TÜV Nord (Germany)
  • UL LLC (US)
  • NTS (US)
  • DEKRA (Germany)
  • DNV GL (Norway)
  • Applus+ (Spain)
  • ALS Limited (Australia)
  • Lloyd’s Register Group (UK)
  • MISTRAS (US)
  • Element Materials Technology (US)

There has been an increasing demand for certification services owing to the growing number of specified standards by governments and international standardization institutions. Certification demonstrates a company’s credibility in the market. To deliver credibility, companies in this market maintain extensive global accreditations and recognitions for certification services.

The TIC market for outsourced services depends on factors such as the industry’s requirements and a country’s federal structure and administrative rules. Over time, these factors may have a significant impact on the market size, irrespective of the underlying macroeconomic conditions.

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Table of Contents:

1 Introduction

1.1 Study Objectives

1.2 Definition

1.3 Study Scope

1.3.1 Market Scope

1.3.2 Markets Covered

1.3.3 Geographic Scope

1.3.4 Years Considered

1.4 Currency

1.5 Stakeholders

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.1.1.1 Data From Secondary Sources

2.1.2 Primary Data

2.1.2.1 Data From Primary Sources

2.1.2.2 Key Industry Insights

2.1.2.3 Breakdown of Primaries

2.2 Market Size Estimation

2.2.1 Bottom-Up Approach

2.2.2 Top-Down Approach

2.3 Market Breakdown and Data Triangulation

2.4 Limitations

2.5 Research Assumptions

3 Executive Summary

4 Premium Insights

4.1 Lucrative Opportunities in TIC Market

4.2 TIC Market, By Sourcing Type

4.3 Testing, Inspection, and Certification Market, By Service Type

4.4 TIC Market in APAC, By Application and Service Type

4.5 Testing, Inspection, and Certification Market, By Country

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increase in Disposable Income and Rapid Urbanization in Developing Economies

5.2.1.2 High Growth in Product Recalls Across the World

5.2.1.3 High Adoption of Outsourcing Service Model By Worldwide Manufacturers

5.2.1.4 Increased Requirement for Harmonized Standards

5.2.1.5 Surge in Illicit Trading, Counterfeiting, and Piracy Practices Across the World

5.2.1.6 Enforcement of Rigorous Government Regulations and Standards Across Various Sectors

5.2.2 Restraint

5.2.2.1 Diverse Standards and Regulations Across Geographies

5.2.3 Opportunities

5.2.3.1 Growth Opportunities for Small- and Medium-Sized Businesses in the TIC Ecosystem

5.2.3.2 Consolidation of Fragmented Markets

5.2.4 Challenges

5.2.4.1 Complex Nature of Global Supply Chains

5.2.4.2 Long Lead Time for Overseas Qualification Assessments

…and More

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Categories
News

The Potential Impact of Coronavirus (COVID-19) for Automotive Composite Market Size, Share & Demand By Key Players, Investment Opportunities, Top Regions, Existing Services, Growth & Forecast By 2028

Global Automotive Composite Market Analysis

The recent report presented by MRRSE on the global Automotive Composite market is an in-depth analysis of the overall prospects of the Automotive Composite market in the upcoming years. The data collected from credible primary and secondary sources is accurately represented in the report backed up by relevant figures, graphs, and tables. The market study covers the impact of the COVID-19 pandemic on the growth prospects of the global Automotive Composite market. The report includes a quantitative and qualitative analysis of the various aspects of the market by collecting data from the key participants in the Automotive Composite market value chain.

The report reveals that the global Automotive Composite market is set to grow at a CAGR of ~XX% over the forecast period (2019-2029) and surpass the value of ~US$XX by the end of 2029. The presented study also includes a thorough analysis of the micro and macroeconomic factors, regulatory framework, and current trends that are expected to influence the growth of the Automotive Composite market during the assessment period.

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Vital Information Enclosed in the Automotive Composite Market Report:

  • In-depth analysis of the various segments and sub-segments of the Automotive Composite market
  • Impact of the COVID-19 pandemic on the global Automotive Composite market
  • Most recent developments in the current Automotive Composite market landscape
  • Winning strategies adopted by prominent market leaders
  • Analysis of the growth prospects of emerging players in the Automotive Composite market
  • Overview of the regulatory framework relevant to the Automotive Composite market across various regions

Important Queries Addressed in the Report

  1. What are the various strategies adopted by market players to improve their share in the Automotive Composite market?
  2. What are the key trends that are expected to influence the growth of the Automotive Composite market?
  3. Which region is expected to provide significant growth opportunities for players in the Automotive Composite market?
  4. What is the projected value of the Automotive Composite market in 2020? How are market players likely to respond to the COVID-19 pandemic?
  5. How have advancements in technology influenced the growth of the Automotive Composite market?

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Automotive Composite Market Segmentation

The market study put forward by MRRSE segments the global Automotive Composite market to offer a microscopic understanding of the various aspects of the Automotive Composite market. The Automotive Composite market is segmented on the basis of region, product type, end-user, and more.

The study offers a Y-o-Y growth projection of each market segment and sub-segment over the stipulated timeframe of the study.

Market Segmentation and Forecast

The global Automotive Composite Market is segmented on the basis of material, resin, application, vehicle type and region. On the basis of material, the global Automotive Composite Market is segmented into glass fiber, natural fiber, carbon fiber composite, aramid fiber and others. On the basis of resin, the global Automotive Composite Market is segmented into thermoset and thermoplastic. Key regions covered in this report on automotive composites include North America, Latin America, Western Europe, Eastern Middle East & Africa, China, India, Japan and South East & Pacific.

Global Automotive Composite Market Analysis, by Region

From a regional perspective, the Automotive Composite Market in North America is projected to witness relatively fast growth rate over the forecast period. North America is estimated to account for a share of more than 18.8% in the overall market value by 2028 end. The market in Western Europe is expected to register a CAGR of 5.6% in terms of value over the forecast period. The Automotive Composite Market in Middle East and Africa is expected to reach US$ 234.9 Mn by the end of 2028 while growing at a CAGR of 3.5% over the forecast period. Market growth in Latin America and Japan is expected to remain moderate as compared to the global average between 2018 and 2028.

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