Automotive & Transportation
APAC automotive air intake manifold market to accrue heavy gains over 2017-2024, driven by the rising automobile production
Hydrogen Engine Center’s recent launched intake manifold technology has marked a quantum leap in automotive air intake manifold market. This new design will apparently overcome the air & fuel imbalance in all the V8 engines, leading to reduced power and operational inefficiency. In addition, the technology is designed to improve the overall power output between 4% to 8% on almost all the internal combustion engines and can work on any type of combustion engine with four or more number of cylinders. The fact that this design will halt the backfiring of V8 engines with the usage of hydrogen as a fuel would certainly impel automotive air intake manifold market in the years to come.
U.S. Automotive Air Intake Manifold Market Size, By Vehicle, 2013 – 2024 (USD Million)
Recently, Ford India unleashed the 1.5-liter Ti-VCT, a three-cylinder petrol engine, that would open new growth avenues in India automotive air intake manifold industry. The manufacturing unit of the firm based in Sanand, Gujarat will manufacture this innovative petrol engine that will fulfill the demands of both the regional and global automobile sector, as it offers enhanced fuel efficiency and helps reduce the carbon emissions in the environment.
Key automobile manufacturers have been striving to expand their production base lately, given the intense competition and product demand. Holley Performance Products Incorporation, for instance, has established a manufacturing unit at Franklin in the U.S, which is likely to augment the vehicle production and increase the number of jobs across the automotive sector. The numerous developments underlining the automotive domain and automotive aftermarket have led experts to predict that automotive air intake manifold market will indeed experience lucrative growth prospects over 2017-2024.
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The substantial rise in the demand for vehicles across Indonesia, China, and India has led to an improvement in the vehicle production capacity, which would certainly augment APAC automotive air intake manifold industry. Furthermore, APAC has been predicted to contribute over 45% toward global automotive air intake manifold market revenue by 2024, driven by the ever-expanding automotive sector in the region.
Germany on the other hand, houses some of largest automobile manufacturing firms such as Volkswagen, Audi, Mercedes Benz, and BMW, which would considerably stimulate Germany automotive air intake manifold market. In addition, escalating demand for passenger cars across the region, resulting in an increase in the vehicle production will further augment the regional growth.
Reputed players such as MAHLE Gmbh, Aisin Seiki Company Limited, Keihin Corporation, Röchling Group, Mikuni Corporation, and Sogefi S.p.A partaking in automotive air intake manifold industry share have been focusing on expanding their consumer base and brand visibility across myriad geographies. Citing an instance, in the second quarter of 2017, Rochling Group commissioned its first automobile manufacturing plant in Mexico.
Favorable trade policies and the prevalence of effective product distribution channels have also considerably augmented this business space. Manufacturers have lately been adopting just-in-time strategies that has resulted in high product penetration across the automotive sector, thereby stimulating automotive air intake manifold industry. As per Global Market Insights, Inc., automotive air intake manifold market will cross a targeted revenue margin of USD 51 billion by 2024.
Author Name : Dhananjay Punekar
North America mobile robotics software market to witness remarkable growth over 2017-2024, strategic collaborations to outline the competitive landscape
The spectacular rise of mobile robotics software market has of late become a buzzing subject, with the extensive proliferation of automation in e-commerce and logistics application. The procedures with regard to logistics operation and inventory control have undergone a massive transformation over the recent years with mobile robotics standing as a major trend shaping the business landscape. The latest buzz grabbing all the light is the introduction of a fully automated mobile robot named The Swift brought forth by IAM Robotics, one of the leading giants in mobile robotics software market. As claimed by the manufacturers, this robot offers a complete solution to all kind of warehouse logistic operations owing to its strong portfolio that include IAM flash, SwiftLink fleet management software, and a 3D item scanner. If experts are to be believed, this product is profoundly a breakthrough in the entire mobile robotics software industry space, given the fact that it can be integrated seamlessly into any warehouse operations without any changes in infrastructure.
U.S. Mobile Robotics Software Market Size, By Product, 2013 – 2024 (USD Million)
The escalating demand for efficient and swift delivery in e-commerce and online retail space has prompted robust advancements in autonomous drones and vehicles. In fact, Global Market Insights, Inc., forecasts that unmanned aerial vehicles market will witness a lucrative growth of 19% CAGR over 2016-2023. It is therefore, no surprise, that the growth of unmanned aerial vehicles market will leave a direct impact on mobile robotics software market share in the coming years. In this regard, it is prudent to note that e-commerce giants like Amazon’s and Walmart’s effort for bringing floating warehouses into their business have certainly pushed the overall mobile robotics software market outlook, given the fact that these floating warehouses is claimed to operate both by human intervention and autonomously. In addition to this, the American government support with regards to UAV implementation for civilian purposes has further propelled the regional mobile robotics software industry size.
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Speaking along similar lines, with U.S. at the foray, North America mobile robotics software market is forecast to represent a significant portion of the overall industry, having contributed a lucrative revenue of USD 430 million in 2016. U.S. being one the strongest technology affluent nations, is anticipated to integrate robots in domestic arena even over the coming years, which by extension will impel the regional mobile robotics software market size. As per estimates, North America, down the line of seven years will prove to be a strong participant in global mobile robotics software industry, with an estimated market coverage of 36% of the overall revenue by 2024.
The competitive profiling of mobile robotics software market is rather consolidated with leading giants covering almost 50% of the overall business space. Some of the prominent names include Omron Adept Technologies, Inc., Brain Corp., Universal Robots, and iRobot Corporation. These participants are readily adopting mergers & acquisitions as a major growth strategy to sustain the competition. One such recent instance is the collaboration of Fetch robotics and renowned Robotics technology integrator & distributor, ONExia. With this alliance, both the giants collectively are reported to bring software hardware solutions and logistics expertise in Mid Atlantic belt. Sum and substance, growing investments in mobile warehouse robotics by renowned biggies is certain to provide a significant impetus to mobile robotics software industry size in the coming years, which is projected to exceed a valuation of USD 3.5 billion by 2024.
Author Name : Satarupa De
Automotive robotics market to amass huge gains via assembly applications over 2017 -2024, Europe to influence the regional demand
Having garnered the reputation of being highly technology-driven, automotive robotics industry thrives on the product innovations brought forth by leading business players. A recent instance citing the validity of the aforementioned declaration is Rimac’s collaboration with Dassault Systèmes. Elaborating further, the September of 2017 saw Rimac Automobili, a key manufacturer of high performance electric vehicles, battery systems, and drivetrains, join forces with Dassault Systèmes, a software firm based in France, to acquire the product lifecycle management digital platform from the latter to scale up its business growth. The latter’s 3D experience platform referred as electro mobility accelerator will help the former increase its production capacity and connect with its employees across 11 countries. This deal is an apt example that underscores the developments prevalent in automotive robotics industry. The continued trend of similar alliances are likely to encourage entrants explore newer markets – the autonomous car sharing market , for instance.
U.S. Automotive Robotics Market Size, By Product, 2013 – 2024 (USD Million)
Pertaining to the stiff competition prevalent in the automotive robotics market space, companies have been devising a number of business tactics to consolidate their position. In September 2017, for example, Avnet Incorporation, a major participant across information technology and services industry, acquired Dragon innovation, a major producer of consumer electronics products. The acquisition is expected to assist both the firms add to their existing product line and expand their presence in automotive robotics market.
The month of September has also witnessed Technion – an Israeli tech institute, Korean Advanced Institute of Science and Technology, and Hyundai Motor Group forming an alliance to jointly complete the projects on artificial intelligence, autonomous driving, and cyber security. The collaboration has been touted to help the emerging automotive firms and startups in Israel to launch their products with Hyundai’s vehicle product line. Vice-versa, the initiative is expected to aid Hyundai Motors establish itself as a leader in automotive robotics market, having experimented with next generation of automotive technologies equipped with artificial intelligence and robotics. The alliance signifies a paradigm shift toward the fourth industrial revolution and new vehicle technology, thereby pushing automotive robotics industry trends.
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Robotics has established itself as a principal technology across major end-use domains in the developed geographies such as UK, Germany, and Italy. The surging requirement to achieve time consistency and a higher level of production has led to escalating demand for robotic body assemblies in the country. The deployment of these assemblies to improve the proficiency of the supply chain activities across the automotive sector is likely to impel UK automotive robotics industry expansion.
Germany has a powerful base of automakers, on the grounds of which it has been forecast that robotic applications would be deployed heavily across the automotive sector in the region. Subject to the extensive implementation of robotics, Germany automotive robotics industry is likely to gain a strong ground in the ensuing years. The expansion of this business space across Germany, UK, and Italy is certain to boost Europe automotive robotics market, which contributed nearly 25% toward the overall industry share in 2016.
As per estimates, the demand for robots from vehicle component suppliers increased by 53% in 2016, and that from automotive original equipment manufacturers rose by 32% in the same year. This goes to prove that automotive robotics industry has bright prospects across North America. In fact, research reports claim that North America automotive robotics market is expected to witness a lucrative growth over the coming years, having held a valuation of USD 1 billion in 2016.
A currently compiled market study claims that automotive robotics industry revenue is anticipated to surpass USD 5.96 billion by 2024. Considering the notable contributions made by the automotive giants such as Rockwell Automation, Omron Corporation, The Yaskawa Electric Corporation, and ABB Group, it is no longer a supposition that automotive robotics market will indeed experience a commendable expansion in the years ahead.
Author Name : Dhananjay Punekar
LATAM automotive wheel market to garner a massive chunk of the global industry over 2017-2024, shifting trends toward lightweight vehicles to boost the product demand
The escalating development of global automotive sector will generate lucrative growth avenues for automotive wheel market. Automobile producers have been adopting new manufacturing techniques to comply with emission control regulatory norms. Researchers have also been implementing novel product designs and improvised concepts to increase the fuel efficiency of vehicles, which in turn, will boost automotive wheel industry size. Rising spending capabilities of consumers across the globe is also fueling the product demand. Of late, consumers have been prioritizing comfort, durability, and product design, which will provide a significant impetus to global automotive wheel industry. In fact, estimates claim automotive wheel market to collect a revenue of USD 105 billion in terms of revenue and 600 million units in terms of volume, by 2024, having held a valuation of USD 82.2 billion in 2016.
Europe Automotive Wheel Market Size, By Vehicle, 2016 & 2024 (USD Million)
Major automotive manufacturers across North America and Europe are treading towards the production of lightweight vehicles, owing to the increasing concerns over environmental pollution. Aluminum is one of many materials that is used to construct these light weight vehicles, and has also been gaining popularity pertaining to the benefits it provides such as low weight, improved design, and excellent performance. As per estimates, aluminum-based automotive wheel market will surpass a revenue collection of USD 55 billion by 2024. The implementation of strict regulatory norms to reduce carbon emissions mainly across Europe and U.S. will propel automotive wheel industry growth.
U.S. automotive wheel industry will generate a revenue of more than USD 14 billion by the end of 2024. The country is renowned for the excessive deployment of vehicle safety policies, which will influence the product demand noticeably. In addition, the nation has been experiencing a rising need for efficient braking systems, which will eventually stimulate U.S. automotive wheel market. The industry giants across this region are also investing heavily in technological advancements and R&D activities to enhance manufacturing operations and product designs. Speaking of which, the key participants in automotive wheel market are Alcoa, maxion wheels, mefro wheels GmbH, Ronal Group, Borbet, UniGroup, magnetto wheels, Fondmetals, Enkei Wheels, and Trelleborg.
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Surging innovations in product design has generated lucrative opportunities for various OEMs to penetrate automotive wheel market. In fact, automotive wheel market size from OEMs was valued at USD 67 billion in 2016 and will exhibit considerable annual growth rate over the coming timeframe. Emergence of the V2V technology and significant changes in the IC engine will stimulate market size positively. OEMs have also benefitted from supportive manufacturing policies implemented by numerous Asian countries. On that note, Asia Pacific automotive wheel industry will collect a significant revenue by 2024 with a CAGR of more than 5% over the coming seven years.
Rapid urbanization trends across the globe have changed the consumer standards of living, on account of which people across the globe have been giving preferences to personal cars. As per research, in 2016, passenger cars dominated the vehicle segment of automotive wheel industry by accounting more than 80% of the revenue share and will generate notable valuation by the end of 2024. China is one of the major producers of passenger cars production, which is evident from the statistics – the nation manufactured more than 24 million units of passenger cars in 2016.
Apart from passenger cars, LCVs (light weight commercial vehicles) have also been gaining prominence among consumers. Research states that automotive wheel market from LCVs will register an annual growth rate of more than 4% over 2017 to 2024, owing to the growing urbanization and goods transportation. The EU has deployed emission norms such as Euro 6/VI and 6 for heavy duty and light duty vehicles respectively, which will subsequently influence this segment. Spain, Germany, Belgium, Austria, Netherlands, and Finland are the major contributors of the Europe regional automotive wheel industry growth.
OEMs, in recent times, have been making strategic agreements with suppliers to expand the business space. Innovations in product design and manufacturing processes will create numerous growth opportunities for industry players in automotive wheel market. Mergers & acquisitions and joint ventures will continue to remain the key growth strategies that major companies will adopt, in order to stay ahead of their rivals in automotive wheel market.
Author Name : Sunil Hebbalkar
Cargo aircraft ground handling system market to witness a massive growth over 2017-2024, North America to dominate the regional landscape
Aircraft Ground Handling System Market is expected to witness a notable surge over the years to come, driven by the launch of new technologies to reduce operational delays at airports along with improved infrastructural facilities. Intensified requirement for handling cargos, aircraft, and passengers as a result of a massive rise in the number of passengers travelling via aircraft are predicted to further boost the business landscape. As per IATA (International Air Transport Association), nearly 3.7 billion passengers had travelled via aircraft in 2016, recording an increase of 6.7% in the number of air travelers as compared to the estimates of 2015. Efficient handling methods coined by airlines and service providers to provide low-cost & safe packaging for consumable goods of the passenger, will further boost aircraft ground handling system market trends. According to Global Market Insights, Inc., “Aircraft ground handling system industry size, worth USD 110 billion in 2016, is set to hit a targeted revenue of USD 185 billion by 2024.”
U.S. Aircraft Ground Handling System Market, By Product, 2016
The incorporation of IoT in aircraft ground handling systems for supporting the ground functions along with the ability of new software programs to fulfill the specific requirements of the ground handling systems are expected to enlarge the business scope. Optimum use of green energy technology to power ground handling devices is also expected to contribute significantly toward aircraft ground handling system industry development.
Taking into consideration the geographical trends, Latin America aircraft ground handling system market share is expected to witness a lucrative surge over the years to come, subject to the fact that LATAM air traffic increased by 7.4% in 2016. Brazil aircraft ground handling system market is likely to boost the regional revenue.
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Asia Pacific aircraft ground handling system industry, which contributed more than 25% of the overall industry share in 2016, is projected to experience a significant growth over the coming timeline. Escalating population, an increase in the air travel frequency, and growing urbanization are some of the factors forecast to favorably influence the development trends.
MEA aircraft ground handling system market is anticipated to experience a striking expansion over the years ahead, driven by globalization resulting in the large-scale development of airline business along with strict legislations supporting the use of safe & effective ground handling devices.
Europe aircraft ground handling system industry is projected to experience an accelerating growth over the coming seven years, subject to an increase in the number of new aircrafts resulting in the allocation of more budgets for constructing high-grade airports & runways. France and Germany, which jointly accounted for nearly 40% of Europe aircraft ground handling system industry share in 2016, are expected to significantly influence the business space.
North America aircraft ground handling system market is forecast to retain its leading position over the next few years, owing to the increasing efforts made by the airport authorities to increase the operational efficiency and thus ensure passenger satisfaction.
Aircraft handling, passenger handling, and cargo handling are the major products of aircraft ground handling systems. Cargo handling systems, which dominated the product landscape in 2016, are expected to contribute a major chunk toward aircraft ground handling system industry share over the coming timeframe. Mounting need for swift transportation of materials is expected to elevate the product demand.
Market players are trying to gain a competitive advantage through strategic alliances, high R&D investments, and product portfolio expansion. For instance, in the first quarter of 2017, SATS Limited, a ground handling & in-flight catering service provider based in Singapore, formed a strategic alliance with Hong Kong Airlines for helping them effectively manage cargo and ramp services. To cite another such example, in May 2017, Swissport International Limited, a Switzerland based aviation services firm, collaborated with TCS, an Indian multinational corporation providing IT services, to improve its airport IT infrastructure facility.
Dnata, Cargotec Oyj, RampSnake, Cavotec SA, JBT AeroTech, SATS Limited, PrimeFlight Aviation services, John Menzies plc, and Swissport International Limited are the key participants of aircraft ground handling system industry.
Author Name : Dhananjay Punekar
China Marine diesel engines market to witness massive growth over 2016-2024, significant increase in sea borne trade across the globe to influence the industry dynamics
The world is witnessing a proliferation in seaborne trade, which is likely to stimulate marine diesel engines market over the years ahead. The cost of the fuel is a major factor that is influencing the trade profitability. Recent fluctuations in the fuel price which is currently on a higher end, is turning out to be favorable for the industry players. According to a report by UNCTAD (United Nations Conference on Trade and Development) in 2015, sea borne trade expanded over 4% from 2012 to 2014, subject to the significant increase in dry bulk trade. Alongside, easy availability of spare parts, trained repairing personal, and repair networks have also catalyzed the adoption of these diesel engines. As per a report by Global Market Insights, Inc., “Marine Diesel Engines Market is slated to exceed a revenue of USD 7 billion by the end of 2024, with a CAGR projection of 5% over 2016-2024.”
Europe Marine Diesel Engines Market Size, By Application, 2016 & 2024 ($Mn)
Increasing demand for economically viable engines that are best fit to fulfill reliability, durability, and fuel optimization is further complementing marine diesel engines market penetration. Over the past few years, the shipping industry has been largely emphasizing on developing advanced engines that improve the fuel efficiency and reduce carbon dioxide emission. Marine diesel engines operate at an average efficiency of 40% to 50% depending upon the age of the engine, deadweight tonnage, and vessel size. Phasing out of traditional steam engines from various utility sectors is further providing a significant push to marine diesel engines market.
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Regionally, China has established strong grounds enhancing the market dynamics. The country, counted as one of the most developing nations across the world, is significantly increasing its investment in strengthening the naval force. In 2014, Chinese Government had issued a financial stimulus package that facilitated the money stock. The escalating growth of the regional market can be majorly credited to the rigorous number of business activities that have significantly uplifted the marine diesel engines market outlook. In 2015, for instance, MAN Diesel & Turbo had signed a 10-year agreement with CISC and CSSC to manufacture low speed diesel engines in China. Statistics depict that China accounted for one-fourth of the APAC marine diesel engines market in 2016. Such examples of promising initiatives by the government along with growing import of marine diesel engines in the country which almost accounted for USD 1.05 billion in 2015, is projecting a lucrative growth prospect for China marine diesel engines market in the years ahead. Germany, on the other hand, represented 20% of the Europe market in 2016. With increasing government spending on military and specialized ships, Germany is aiming to amplify its revenue share toward the regional marine diesel engines market in the coming years.
Considering the technical designing, the overall marine diesel engines industry is predominantly segmented into low speed, medium speed, and high-speed systems. High speed systems accounted for more than 20% of the global share in 2016. With the significant improvement in the living standards of the consumers, the demand for cruise and ferries is accelerating, which in turn is driving this high-speed marine diesel engines market. Medium speed diesel engines which are mainly deployed in cargo ships, passenger ships, fast ferries are also witnessing a heavy adoption. This category based diesel engines market is expected to hit a revenue of more than USD 3 billion by the end of 2024. Low speed marine diesel engines market will also grow substantially at an annual rate of 4% over the coming seven years.
Merchant vessels are one of the prominent application domains that is prominently contributing toward the global industry size. Growing inclination toward LNG along with a significant rise in the sea borne trade have resulted in an increasing deployment of marine diesel engines in merchant vessels, thereby contributing to the industry share. As per estimates, marine diesel engines market from merchant vessels application is expected to chart a profitable road map at a CAGR of 5% over 2016-2024.
Despite the fact that the marine diesel engines are environmentally not so viable owing to the harmful carbon emissions from these, increasing research investments by the market players in the development of fuel efficient engines is likely to leave a positive impact on the marine diesel engines industry expansion in the years ahead. Some of the prominent companies engaged in marine diesel engines market include Rolls Royce, Caterpillar Inc., Cummins Engines, GM Powertrain and Wartsila Corporation.
Author Name : Satarupa De