Farm Tire Market to Exhibit Impressive Growth During 2021 – 2028: Grand View Research Inc.

 Farm Tire Market Growth & Trends

The global farm tire market size is expected to reach USD 11.16 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.1% from 2021 to 2028. The growing demand for tractors and harvesters in farming activities in developed as well as developing economies is anticipated to benefit the growth of the market over the forecast period.

The demand for farm tires in agricultural vehicles is expected to witness significant growth owing to the increasing penetration of vehicles in the agricultural sector. In addition, rising awareness among farmers related to the up-gradation in automotive technology and the use of automated equipment is expected to boost the market growth.

Increasing demand for food, especially in the emerging economies of Asia Pacific, including China, India, Japan, and Thailand, is a key factor driving the global market. Furthermore, economic development, coupled with the population expansion in these economies, is likely to boost the market growth over the forecast period.

Market players are engaged in developing innovative procedures for manufacturing farm tires in order to improve the product characteristics and enable its use in several agricultural vehicles. Leading players such as Michelin have undergone technology upgrades, such as from IF/VF technology to advanced flexion technology, in order to gain a competitive edge over their competitors in the market.

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Farm Tire Market Report Highlights

• By product, bias tires are expected to witness the fastest growth in terms of revenue from 2021 to 2028 owing to the rising agriculture application on account of crosshatch construction of the tires and low cost as compared to their counterpart
• The tractors application segment dominated the market in 2020 and is expected to maintain its lead throughout the forecast period. The multipurpose nature of tractors is likely to benefit the segment growth
• The aftermarket distribution segment accounted for the largest revenue share in 2020 and is expected to be the dominant segment over the forecast period on account of the growing replacement of tires by farmers
• The farm tire market in Asia Pacificis estimated to witness the fastest growth in terms of revenue over the forecast period owing to the factors, such as increasing population, rising disposable income of the middle-class population, and rapid industrialization and urbanization
• Key market players undergo mergers and collaborations to expand their reach, thereby increasing their market share

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Farm Tire Market Segmentation

Grand View Research has segmented the global farm tire market on the basis of product, application, distribution, and region:

Farm Tire Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2028)

• Bias
• Radial

Farm Tire Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2028)

• Tractors
• Harvesters
• Forestry
• Irrigation
• Implements
• Sprayers

Farm Tire Distribution Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2028)

• OEM
• Aftermarket

Farm Tire Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Russia
  • Turkey
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa

List of Key Players of Farm Tire Market

• Balkrishna Industries Limited (BKT)
• Bridgestone Corporation
• Continental AG
• Compagnie Générale des Établissements Michelin (CGEM)
• Sumitomo Rubber Industries, Ltd.
• Titan International, Inc.
• Mitas
• TBC Corporation
• Apollo Tyres Ltd.
• Hankook Tire
• MRF Limited
• JK Tyre & Industries Ltd.
• CEAT
• The Carlstar Group, LLC
• Specialty Tires of America, Inc.
• Alliance Tire Group (ATG)
• Trelleborg AB

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Facade Market to Reach USD 336.6 Billion by 2028: Grand View Research Inc.

 Facade Market Growth & Trends

The global facade market size is expected to reach USD 336.6 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2021 to 2028. The market is estimated to witness healthy growth over the forecast period owing to the development of advanced materials with capabilities that offer safety as well as visually appealing texture. Moreover, this exterior building face carries the attribute of both appearance and superior performance in a mode, unlike any other building system, which is expected to fuel the demand for the product over the next few years. The soaring need to lower heating and air-conditioning costs and achieve energy-efficiency is slated to stir up the demand for facades over the coming years. Growing focus on the development of sustainable products is likely to work in favor of the market.

The burgeoning popularity of green buildings and surging demand for high-transparency glasses that allow passage of light, while maintaining heat resistance, are poised to shape the future of the market. The market is projected to witness the application for high-performance and energy-saving solar control facades, which will contribute to higher economic benefits and eco-sustainability. Furthermore, the initiatives and regulations by government bodies, technological advancements, and the need for energy conservation are estimated to propel the market growth over the next seven years. The Green Building Initiative (GBI), a non-profit building assessment and certification organization in the U.S., awards ratings and prescribes principles for reducing the environmental impact. Such principles opted by companies may further spur the growth of the smart buildings industry, thereby stimulating the demand for smart building monitoring through facades.

Incidences of severe building fires have prompted public concern over the safety of facade materials. Facade materials play a vital role in fire safety as it is the outer part of the building that is directly in contact with fire. In addition, it is essential to select the cladding material at the design stage based on material combustion characteristics to significantly protect the buildings from fire. Thus, it is estimated to fuel the overall façade demand globally from 2021 to 2028.

Furthermore, the ongoing COVID-19 pandemic has had an adverse impact on the overall construction and real estate industry and subsequently, hampered market growth. However, with the announcement of economic relief packages across key countries, such as the U.S., India, the U.K., Germany, and others, the demand for facades is anticipated to see notable growth over the next seven years.

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Facade Market Report Highlights

• By product, the ventilated facades segment is anticipated to exhibit the fastest CAGR over the forecast period owing to its energy-saving advantages and rich aesthetics
• Various government initiatives towards infrastructure development and a rise in the PPP model are encouraging the construction of commercial properties across the globe, which is subsequently propelling the market growth
• The commercial end-use segment held the leading revenue share in 2020 owing to the significant adoption of façade products for buildings in commercial applications, such as offices, airports, stadiums, and hotels, globally
• Asia Pacific dominated the market with a share of over 35.0% in 2020 owing to the growing construction of new commercial and industrial buildings in China, India, and Southeast Asia
• Several prominent players are strategically concentrating on establishing partnerships and agreements to acquire big projects in order to boost their overall sales and profitability

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Facade Market Segmentation

Grand View Research has segmented the global facade market on the basis of product, end use, and region:

Facade Product Outlook (Revenue, USD Million, 2017 - 2028)

• Ventilated Facades
  • Curtain walls
  • Others
• Non-ventilated Facades
• Others

Facade End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Commercial
• Residential
• Industrial

Facade Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • UAE
  • Oman

List of Key Players of Facade Market

• Rockpanel Group (ROCKWOOL B.V.)
• Aluplex
• Bouygues
• Enclos
• EOS Framing Limited
• Saint-Gobain Group
• AFS International B.V.
• Kingspan Group
• Lindner Group
• Fundermax
• Gartner (Permasteelisa Group)
• HansenGroup
• Hochtief
• National Enclosure Company, LLC.
• Schuco International (OTTO FUCHS KG)
• Skanska
• Trimo d.o.o.
• Norsk Hydro ASA
• YKK AP Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Food Service Equipment Market Trends Analysis And Forecast Till 2028: Grand View Research Inc.

 Food Service Equipment Market Growth & Trends

The global food service equipment market size is estimated to reach USD 50.01 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at an estimated CAGR of 5.5% from 2021 to 2028. The increasing trade activities in the food and beverage industry, upsurge in travel and tourism activities, changing food consumption habits, and rise in disposable incomes are some of the key factors driving the growth of this market.

Equipment manufacturers are focusing on mergers and acquisitions to introduce state-of-the-art product offerings for attaining a competitive edge in the market. For instance, in 2019, SMEG S.p.A collaborated with Dolce & Gabbana S.r.l. for special styling of Fab28 SMEG refrigerator, which was encouraged by old Sicilian art. This collaboration was aimed at developing products in captivating designs consumers would like to incorporate in their modular, open commercial kitchen spaces. Furthermore, the pressing need to conserve energy has compelled manufacturers to focus on the development of energy-efficient appliances for commercial kitchens. Appliances are being integrated with bidirectional internet of things (IoT) connectivity. These connected appliances can automatically alert kitchen staff to increase the preparation uptime. Additionally, the increasing number of restaurants across the globe is also driving the market. As per the National Restaurant Association, the U.S region itself accounts for more than 1 million restaurants of different kinds and sizes.

The COVID-19 breakout and the subsequent lockdowns imposed by governments worldwide to minimize its communal spread at the beginning of 2020 had a substantial negative impact on the market for food service equipment. Various industries such as food and beverage, travel and tourism, and hospitality have been severely impacted by the temporary shutdown of manufacturing units, transportation, and logistic operations. Relaxations announced by several governments in the mid of 2020 led to the gradual increase in the online delivery business and takeaway from restaurants and hotels, resulting in some recovery of the food and beverage industry.

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Food Service Equipment Market Report Highlights

• In terms of geography, Asia Pacific is estimated to emerge as the fastest-growing regional market with a CAGR of close to 7.0% from 2021 to 2028
• In terms of product, the kitchen purpose equipment segment dominated the market with a revenue share of over 35.0% of the overall market in 2020
• Expanding at a CAGR around 5.0% from 2021 to 2028, the Full Service Restaurant (FSR) end-user segment is estimated to dominate the market over the forecast period

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Food Service Equipment Market Segmentation

Grand View Research has segmented the global food service equipment market on the basis of product, end-user, and region:

Food Service Equipment Product Outlook (Revenue, USD Billion, 2016 - 2028)

• Kitchen Purpose Equipment
• Cooking Equipment
• Food & Beverage Preparation Equipment
• Refrigeration Equipment
• Ware Washing Equipment
• Food Holding & Storing Equipment
• Others

Food Service Equipment End-user Outlook (Revenue, USD Billion, 2016 - 2028)

• Full Service Restaurant (FSR)
• Quick Service Restaurant (QSR)
• Institutional
• Others

Food Service Equipment Regional Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)

List of Key Players of Food Service Equipment Market

• AB Electrolux
• Ali Group S.r.l. a Socio Unico
• Dover Corporation
• Duke Manufacturing
• Haier Group
• SMEG S.p.A.
• The Middleby Corporation

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Warehouse Management Systems Market Poised to Expand at a Robust Pace Over 2028: Grand View Research Inc.

 Warehouse Management Systems Market Growth & Trends

The global warehouse management systems market size is anticipated to reach USD 8.1 billion by 2028, growing at a CAGR of 15.3% from 2021 to 2028, according to a new report by Grand View Research, Inc. Growing transition towards cloud-based management systems in the warehouse industry is anticipated to boost the demand for warehouse management systems (WMS) based on the Software-as-a-Service (SaaS) model. Advancements in cloud-based technologies are estimated to fuel the adoption of WMS software irrespective of the organization’s size and complexity where these solutions are used. Surging demand for cloud-based systems can primarily be attributed to medium- and small-sized businesses that do not require the implementation of advanced warehouse technologies and high-speed automation.

Large-scale companies are also switching to cloud-based WMS as it allows organizations to offload exhausting tasks, such as maintenance, infrastructure administration, timely upgrades, and other tasks that are carried out on the on-premise software. Cloud enables businesses running on conventional on-premise technologies to transit to a platform that will support and cater to their clients’ needs more efficiently. Low upfront cost and shorter implementation time are key factors that are encouraging companies to adopt cloud-based systems.

In the healthcare ecosystem, a WMS ensures that medical equipment and medicines are supplied on time. Also, it continuously updates the database of the inventory moving in and out of a warehouse, which prevents the shortage of inventory. Furthermore, in the healthcare domain, continuous sharing of information and transparency of all processes are the critical factors for efficient warehouse management. Warehouse management system enables complete transparency of logistic activities and enables proper tracking of medical devices and medicines. Similarly, in the food & beverage industry, it ensures optimized picking, directed put away, and rotation of stock based on its expiry date.

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Warehouse Management Systems Market Report Highlights

• The WMS market is anticipated to witness substantial growth during the forecast period due to the changing supply chain models of product manufacturers and rapidly growing consumer demand, especially in the transport & logistics and retail sectors
• The software segment is expected to register the highest CAGR over the forecast period owing to the increasing adoption of WMS software by Small- and Mid-sized Enterprises (SMEs) worldwide
• The cloud segment is expected to register the fastest CAGR from 2021 to 2028 owing to numerous functionalities offered by cloud-based WMS over the traditional on-premise WMS
• Transportation & logistics is expected to be the fastest-growing application segment over the forecast period owing to the rising need for technologically advanced WMS that can help logistics companies to keep their operations aligned with the ever-demanding market
• Asia Pacific is expected to register the fastest CAGR during the forecast period due to the high influx of e-commerce players in the region

Access Press Release@ https://www.grandviewresearch.com/press-release/global-warehouse-management-system-wms-market

Warehouse Management Systems Market Segmentation

Grand View Research has segmented the global warehouse management systems market on the basis of component, deployment, function, application, and region:

WMS Component Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Services

WMS Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• On-Premise
• Cloud

WMS Function Outlook (Revenue, USD Million, 2016 - 2028)

• Labor Management System
• Analytics & Optimization
• Billing & Yard Management
• Systems Integration & Maintenance
• Consulting Services

WMS Application Outlook (Revenue, USD Million, 2016 - 2028)

• Transportation & Logistics
• Retail
• Healthcare
• Manufacturing
• Food & Beverage
• Others

WMS Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• South America
  • Brazil
• Middle East & Africa

List of Key Players of Warehouse Management Systems Market

• Epicor
• Körber AG (HighJump)
• Infor
• Made4net
• Manhattan Associates
• Oracle
• PSI Logistics
• Reply
• SAP
• Softeon
• Synergy Ltd.
• Tecsys

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Interactive Kiosk Market to Expand at a CAGR of 6.9% Through 2028

 Interactive Kiosk Market Growth & Trends

The global interactive kiosk market size is expected to reach USD 45.32 billion by 2028, according to a new study conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 6.9% from 2021 to 2028. Increasing consumer involvement in the purchase process and an extensive focus on customized service delivery by industry players are the major factors driving interactive kiosks' adoption. The geographical expansion and service enhancement using interactive kiosks enable companies to offer convenient, swift, and hassle-free service to customers with enhanced safety and security.

The North American market dominated the global market in 2020. The regional growth can be attributed to incumbents of the retail and BFSI verticals, who continue to deploy interactive kiosks as a part of their efforts to enhance the consumer experience. Asia Pacific is expected to register the highest CAGR over the forecast period as the retail, hospitality, BFSI, and healthcare verticals continue to grow. Incumbents of these industries continue to emphasize customer engagement.

Based on end use, the market for interactive kiosk has been further segmented into BFSI, retail, food and beverage, healthcare, government, travel and tourism, and others. Manufacturers have developed multiple self-service kiosks solutions for segments, such as travel and tourism and healthcare. These interactive kiosks enable customers to carry out self-check-in/check-out in hotels, carry out self-baggage check-in, book tickets, view product information, book appointments, and so on.

Stringent regulatory and legal standards such as the General Data Protection Regulation (EU GDPR), Americans with Disabilities Act (ADA), and UL standards are the significant challenges impacting the broader adoption of interactive self-service kiosks. GDPR compliance focuses on protecting customers' private data to enhance safety and prevent unauthorized access to private information. The ADA standards provide access specifications to any public access system for disabled individuals. However, the threat of cyber-attacks, high cost of installation, maintenance, and support may act as inhibitors for the growth and adoption of interactive kiosks by businesses.

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Interactive Kiosk Market Report Highlights

• The market for interactive kiosk is a technology-driven and rapidly evolving market due to continuous advancements in communication and payment technologies. This, in turn, has widened the scope of application in various industries, such as retail, banking, hospitality, entertainment, and government
• The declining prices of hardware and improved transaction safety features have led to increased adoption of interactive kiosks by various businesses
• Mandatory government regulations regarding data privacy/protection and regulatory standards such as ADA and UL will have a major impact on the adoption of interactive kiosk as a service delivery tool
• Asia Pacific is expected to expand at the highest CAGR over the forecast period

Access Press Release@ https://www.grandviewresearch.com/press-release/global-interactive-kiosk-market

Interactive Kiosk Market Segmentation

Grand View Research has segmented the global interactive kiosk market based on component, type, end use, and region:

Interactive Kiosk Component Outlook (Revenue, USD Million, 2016 - 2028)

• Hardware
  • Display
  • Printer
  • Others
• Software
• Services
  • Integration & Deployment
  • Managed Services

Interactive Kiosk Type Outlook (Revenue, USD Million, 2016 - 2028)

• Automated Teller Machines (ATMs)
• Retail Self-checkout Kiosks
• Self-service Kiosks
• Vending Kiosks

Interactive Kiosk End-use Outlook (Revenue, USD Million, 2016 - 2028)

• BFSI
• Retail
• Food & Beverage
• Healthcare
• Government
• Travel & Tourism
• Others

Interactive Kiosk Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • France
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa

List of Key Players of Interactive Kiosk Market

• NCR Corporation
• Diebold Nixdorf AG
• ZEBRA Technologies Corporation
• Advanced Kiosks
• Embross Group 
• IER SAS
• SlabbKiosks
• Source Technologies
• Meridian
• Advantech Co.
• REDYREF
• NEXCOM International Co.
• KIOSK Information Systems

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contactless Payments Market Growth in the Coming Years

 

Contactless Payment Market Growth & Trends

The global contactless payment market size is expected to reach USD 6.25 trillion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 20.3% from 2021 to 2028. Various benefits, such as improved service delivery and reduction in transaction time offered by contactless payments, are expected to propel the market growth over the forecast period.

Customers can immediately complete transactions with the tap of a card. Increasing integration of contactless payment technologies in smartphones and mobile handsets is expected to fuel the market growth. Numerous customers across the globe are purchasing services or products with the use of devices, such as wearables, key fobs, smart cards, and smartphones, among others. This, as a result, is anticipated to drive market growth over the forecast period.

Contactless payment uses Near Field Communication (NFC) and Radio-frequency Identification (RFID) technologies to facilitate easy money transactions. Various benefits, such as real-time transaction processing and secured transactions, are driving the adoption of contactless payment solutions. An increase in the adoption of technology by wholesalers or merchants for small value transactions is further expected to propel the market growth.

The outbreak of the COVID-19 pandemic is expected to favorably impact the market. The COVID-19 outbreak is anticipated to change the payment behavior by users and firms as the World Health Organization (WHO) has been guiding customers to avoid cash handling and shift to contactless payments. This is expected to create growth opportunities for the market over the forecast period.

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Contactless Payment Market Report Highlights

• Increasing demand for secure and reliable payment transactions across the globe is expected to propel the smart cards segment growth over the forecast period
• Numerous banks across the globe are focusing on integrating machine learning (ML), and artificial intelligence (AI) integrated security and fraud management solution to secure their payment transactions.
• The COVID-19 pandemic has inspired retailers across the globe to turn to technology to help their businesses increase productivity, plan better, and serve their customers efficiently. This, as a result, is expected to create growth opportunities for contactless payment solutions in the retail industry
• The presence of a large number of prominent market players in North America is expected to create growth opportunities for the regional market growth over the forecast period

Access Press Release@ https://www.grandviewresearch.com/press-release/global-contactless-payments-market

Contactless Payment Market Segmentation

Grand View Research has segmented the global contactless payment market based on device, solution, application, and region:

Contactless Payment Device Outlook (Transaction value, USD Billion, 2016 - 2028)

• Smartphones and Wearables
• Point-of-Sales Terminals
• Smart Cards

Contactless Payment Solution Outlook (Transaction value, USD Billion, 2016 - 2028)

• Payment Terminal Solution
• Transaction Management
• Security and Fraud Management
• Hosted Point-of-Sales
• Analytics

Contactless Payment Application Outlook (Transaction value, USD Billion, 2016 - 2028)

• Retail
• Transportation
• Healthcare
• Hospitality
• Government

Contactless Payment Regional Outlook (Transaction value, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Singapore
  • Taiwan
• South America
  • Brazil
• Middle East & Africa

List of Key Players of Contactless Payment Market

• Gemalto N.V.
• Visa Inc.
• Giesecke & Devrient GmbH
• Heartland Payment Systems
• Verifone Systems Inc.
• Ingenico Group SA
• On Track Innovations (OTI) Ltd
• IDEMIA
• Thales Group
• Wirecard AG

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Electric Vehicle Charging Infrastructure Market to Reflect Steadfast Expansion During 2021-2028

 Electric Vehicle Charging Infrastructure Market Growth & Trends

The global electric vehicle charging infrastructure market size is expected to reach USD 144.97 billion by 2028 registering a CAGR of 33.4% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The significant market growth is primarily due to the rising number of initiatives undertaken by both public as well as private sectors to encourage the population to switch to EVs. As a result, the demand for EV charging infrastructure is expected to grow significantly. For instance, in the U.S., the Washington State Department of Transportation has partnered with the Oregon Department of Transportation to construct the West Coast Electric Highway (WCEH) that consists of 57 EV charging stations across Oregon and Washington. Similarly, many other governments are jointly developing intra-continental networks of highway charging stations.

Various EV manufacturers, such as Volvo, Kia Motors, Mercedes-Benz, and Ford, are collaborating with the charging infrastructure providers for easy availability of charging stations. For instance, In November 2020, ChargePoint, Inc. announced its partnership with Volvo Car USA LLC to provide a seamless charging experience to the Volvo car drivers. ChargePoint, Inc. will offer Home Flex home chargers, which will enable drivers to charge their cars at home. Moreover, Delta Electronics, Inc.; Enel X; and Ecotap BV are focusing on the development of solar-powered EV charging stations. For instance, under the Honda SmartCharge program, Enel X is currently working on the development of a solar-powered charging station in Hawaii (U.S.) in partnership with the Hawaiian Electric Company, Inc. Furthermore, various companies are working towards upgrading Electric Vehicle Supply Equipment (EVSE) to make them more convenient for long-distance travel. Some of the EV manufacturers, such as Tesla, Inc., and Nissan, are focusing on providing compatibility for their electric vehicles for public charging networks. For instance, Nissan in November 2019, announced that buyers of new Nissan LEAF would be able to charge their vehicles across EVgo’s charging network that comprises 750 public charging stations.

The demand for EVs has been growing in line with the rising awareness about environmental sustainability and the stringent limits several governments are putting on vehicular emissions. While private companies are focusing on developing innovative EV chargers and charging stations, governments are collaborating with these companies for rolling out EV Charging Infrastructure. In addition, technologies, such as Radio Frequency Identification (RFID) and Near-Field Communication (NFC), have enabled the installation of interactive, kiosk-based, and self-operated charging stations within highway charging stations. Several private organizations are keen on investing in the development of EV charging stations along the highways. All these factors are driving the demand for highway charging stations

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Electric Vehicle Charging Infrastructure Market Report Highlights

• The fast charger segment is anticipated to be the largest charger type segment over the forecast period owing to the ability to rapidly charge electric vehicles in lesser time compared to conventional AC chargers is the primary factor driving the demand for fast DC chargers
• Combined Charging System (CCS) is anticipated to emerge as the fastest-growing connecter segment over the forecast period owing to rising adoption by automobile manufacturers
• The commercial application segment is anticipated to gain traction owing to the rise in the deployment of fast-charging stations across highways, hotels, shopping malls, and public parking facilities
• North America is estimated to account for the largest revenue share by 2028. Stringent vehicle emission standards and focus on R&D of EVs are some of the major factors driving the market in the North American region
• Various companies are investing heavily in promoting EV charging infrastructure. For instance, in November 2017, BMW, Daimler, Ford, and Volkswagen Group, together announced an investment plan for the development of 400 charging sites across Europe
• Asia Pacific is expected to register the fastest CAGR from 2021 to 2028 due to significant growth in EV sales in the region and extensive deployment of EV chargers in countries, such as China and Japan 

Access Press Release@ https://www.grandviewresearch.com/press-release/global-electric-vehicle-ev-charging-infrastructure-market

Electric Vehicle Charging Infrastructure Market Segmentation

Grand View Research has segmented the global electric vehicle charging infrastructure market on the basis of charger type, connector, application, and region:

EV Charging Infrastructure Charger Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Slow
• Fast

EV Charging Infrastructure Connector Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• CHAdeMO
• (CCS)
• Others

EV Charging Infrastructure Application Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Commercial
• Residential

EV Charging Infrastructure Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • The Netherlands
  • UK.
  • France
  • Norway
  • Germany
• Asia Pacific
  • China
  • Japan
  • South Korea

List of Key Players of Electric Vehicle Charging Infrastructure Market

• AeroVironment, Inc.
• ABB
• BP Chargemaster
• ChargePoint, Inc.
• ClipperCreek, Inc.
• Eaton Corp.
• General Electric Company
• Leviton Manufacturing Co., Inc.
• SemaConnect, Inc.
• Schneider Electric
• Siemens AG
• Tesla, Inc.
• Webasto SE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Electric Motor Sales Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development

 Electric Motor Sales Market Growth & Trends

The global electric motor sales market size is expected to reach USD 232.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.4% from 2021 to 2028. Rapid technological advancements have been playing an imperative role in the growth of the market. Further, improved insulation and operational efficiency have significantly improved the electro-mechanical machines in terms of safety and functionalities, leading to increased demand across multiple industries. Electric motors are used in multiple applications across industry verticals such as home appliances, industrial machinery, and vehicles. The market is expected to witness high growth from Heating, Ventilation, and Cooling (HVAC) applications as they are an inseparable component of HVAC equipment.

Rising fuel prices across the globe are impelling people to shift to non-conventional fuel alternatives. As a result, electric vehicles are manufactured with a view of reducing operational costs and carbon footprint. The upsurge in the production of electric vehicles is expected to positively impact the demand for electric motors as they are used in various applications ranging from performance components to comfort components of the vehicle.

The industry is characterized by regulatory policies and government initiatives that promote energy efficiency in machines and equipment. High-efficiency and output, low power consumption, increased operational life, and low maintenance costs are essential requirements for the electro-mechanical machines. Notably, technological innovations have introduced improved design, components, and motor specifications resulting in fulfillment of end-user requirements. Innovations and evolving policy frameworks are crucial for industry development and will play a key role in fueling the demand for the products over the forecast period.

Asia Pacific region held the largest revenue share in the electric motor market in 2020 and is projected to witness the fastest CAGR of 7.8% from 2021 to 2028. The growth can be attributed to increasing industrialization investments in countries such as China, India, South Korea, and Australia. Further, the scope for market growth in the region is expected to increase significantly over the coming years, owing to the evolving agriculture sector through efficient irrigation practices and technology transfer.

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Electric Motor Sales Market Report Highlights

• Increased adoption of the electro-mechanical machines in vehicles, backed by technological advancements resulting in performance enhancement, is expected to positively impact market's growth
• The AC motor type held the largest share in 2020. It is estimated to generate over USD 166 billion by 2028 due to the extensive use of AC motors in various applications ranging from irrigation pumps to modern-day robotics
• The fractional horsepower (FHP) output segment represented over 87% of the overall market value in 2020. Fractional horsepower motors are used widely in all household appliances ranging from vacuum cleaners to coffee machines to refrigerators
• The motor vehicles segment is the most prominent application segment, commanding more than 40.0% of the overall market value in 2020. The electro-mechanical machines are also extensively used in heavy industrial equipment as well as agricultural machinery
• Asia Pacific will lead the market through 2028, exhibiting a CAGR of 7.8% from 2021 to 2028. The growth of the regional market can be attributed to increasing direct investments in developing nations such as India and China

Access Press Release@ https://www.grandviewresearch.com/press-release/global-electric-motor-market

Electric Motor Sales Market Segmentation

Grand View Research has segmented the global electric motor sales market on motor type, power output, application, and region:

Electric Motor Sales Motor Type Outlook (Revenue, USD Billion, 2016 - 2028)

• AC
  • Synchronous AC
  • Induction AC
• DC
  • Brushed DC
  • Brushless DC
• Hermetic Motor

Electric Motor Sales Power Output Outlook (Revenue, USD Billion, 2016 - 2028)

• Integral HP Output
• Fractional HP Output

Electric Motor Sales Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Industrial Machinery
• Motor Vehicles
• HVAC Equipment
• Aerospace & Transportation
• Household Appliances
• Others

Electric Motor Sales Regional Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
• Middle East & Africa

List of Key Players of the Electric Motor Sales Market

• Baldor Electric Company, Inc.
• Ametek Inc.
• Franklin Electric Co., Inc.
• Asmo Co., Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

T-cell Therapy Market to Exhibit Impressive Growth During 2021 – 2028

 T-cell Therapy Market Growth & Trends

The global T-cell therapy market size is expected to reach USD 20.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 20.2% from 2021 to 2028. The milestone approvals of Kymriah and Yescarta along with the recent approval of Tecartus have bolstered the exponential revenue growth in the market.

The commercial launch of these innovative therapies across various regions has spurred the investment flow in this arena thereby driving the market. Cancer indications are the major investment targets for the key operating players. However, space is constantly expanding to include other indications such as viral infections, creating lucrative opportunities for the operating players.

Engineered T-cell marketspace is characterized by an in-depth network of several entities marked by financially, academically, and licensing agreements. Collaborations between research bodies and manufacturers to assess the efficacy and safety of therapies are anticipated to put forth the advancements in the space, thereby expected to result in the anticipated success of the market.

By far, the wider application of CAR-T therapies has been hampered by the considerable lack of efficiency to treat solid tumors and linked toxicity concerns due to the strong immunosuppressive tumor microenvironment. Thus, operating players are engaged in implementing new approaches to overcome these challenges and expand the application in solid.

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T-cell Therapy Market Report Highlights

• Research modality accounted for the largest revenue share with the growing pipeline of products entering clinical and pre-clinical phases
• The commercial base is expected to witness growth owing to the increasing regulatory approvals for commercial products across various countries as well as a rise in the number of medical centers implementing these therapies
• The geographical expansion of Kymriah and Yescarta in Europe and the Asia Pacific has encouraged the investors to support the development in this space
• CAR-T therapies contributed to the largest revenue share owing to the high investment flow in this therapy type
• The high number of clinical trialsfor CAR-T therapies further supports the dominance of the segment in the global space
• The presence of approved products such as Kymriah, Yescarta, and Tecartus for the treatment of hematological malignancies has resulted in anticipated segment growth
• The development of therapy for solid tumors has created lucrative opportunities for players to capture untapped avenues
• COVID-19 pandemic has opened new research opportunities for market players to invest in T-cell space for viral infections
• The scientific community is actively engaged in evaluating the T-cell therapy potential in COVID-19 patients thus supplementing the market growth
• North America dominated in 2020 global market owing to the exponential rise in clinical trials pertaining to T-cell therapies
• A strong commercial base in the U.S. further contributed to the dominance of the region in the market
• The shifting focus of U.S.-based companies from conventional drug development to t-cell therapies also drives regional growth
• Asia-Pacific is projected to witness the fastest CAGR with emerging markets such as China at the forefront
• China tops the list of registered clinical trials for CAR-T surpassing the U.S. More than 300 clinical trials are ongoing in China
• Key companies are undertaking various strategic initiatives to maintain their market position
• For instance, Bayer collaborated with Atara Biotherapeutics in December 2020 for the development of mesothelin-targeted CAR T-cell therapies to treat solid tumors

Access Press Release@ https://www.grandviewresearch.com/press-release/global-t-cell-therapy-market

T-cell Therapy Market Segmentation

Grand View Research has segmented the T-cell therapy market on the basis of modality, therapy type, indications, and regions:

T-cell Therapy Modality Outlook (Revenue, USD Million, 2017 - 2028)

• Research
• Commercialized

T-cell Therapy Type Outlook (Revenue, USD Million, 2017 - 2028)

• CAR T-cell Therapy
• T Cell Receptor (TCR)-based
• Tumor-Infiltrating Lymphocytes (TIL)-based

T-cell Therapy Indication Outlook (Revenue, USD Million, 2017 - 2028)

• Hematologic Malignancies
  • Lymphoma
  • Leukemia
  • Myeloma
• Solid Tumors
  • Melanoma
  • Brain & Central Nervous System
  • Liver Cancer
  • Others
• Others

T-cell Therapy Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
• Middle East and Africa (MEA)
  • South Africa

List of Key Players of T-cell Therapy Market

• Novartis AG
• Merck KGaA
• Gilead Sciences Inc.
• TCR2 Therapeutics Inc
• Bluebird Bio Inc.
• Sorrento Therapeutics
• Fate Therapeutics
• Pfizer Inc.
• Amgen
• Celgene Corporation

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Healthcare Additive Manufacturing Market Poised to Expand at a Robust Pace Over 2028

 Healthcare Additive Manufacturing Market Growth & Trends

The global healthcare additive manufacturing market size is valued at USD 6.4 billion in 2028 and is anticipated to grow at a CAGR of 21.8% over the forecast period, according to a new report by Grand View Research, Inc. Easy development of customized products, reduction in manufacturing cost due to technological advancements, and possibilities of using various material for printing are propelling the market growth.

The growing success of additive manufacturing is due to its benefits over conventional manufacturing methods. Some of the benefits include the application of advanced technology; use of a wide range of materials like metal, plastics, and polymers; flexibility in design; build speed; dimensional accuracy; and its ability to produce complex parts/geometry, such as cooling channels and honeycomb structure. Production of implants and prosthetics is the largest application for additive manufacturing in the healthcare industry.

There is an increasing demand for orthopedic procedures, such as knee & hip replacements, due to the increasing geriatric population. Moreover, the increasing application of dental implants along with a growing need for prosthetics is another key factor expected to drive the market. North America and Europe were the leading regional markets in 2020. This growth was attributed to extensive R&D, advanced healthcare system, and the presence of leading 3D printing machinery manufacturers & material suppliers in these regions.

Additive manufacturing is playing a significant role in the fight against COVID-19 by compensating for the shortage of medical supplies by speeding up the manufacturing process. This will drive the growth of the market over the forecast period. However, stringent regulatory approvals associated with medical devices might hinder the growth.

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Healthcare Additive Manufacturing Market Report Highlights

• Laser sintering accounted for the largest market share of 31.0% in 2020 as it uses a wide variety of materials to make high-quality, complex geometries and can produce several pieces at one time
• The polymers material segment accounted for the largest revenue share of more than 50% in 2020, as polymer-based AM has been used for decades in creating medical instruments as well as prosthetic limbs & related accessories
• North America led the market in 2020 and accounted for the largest share of more than 35% due to the presence of several additive manufacturing companies with a robust distribution network
• Asia Pacific is projected to be the fastest-growing regional market over the forecast period due to significant demand for dental 3D printingas a result of an increasing number of people undergoing tooth replacement surgeries

Access Press Release@ https://www.grandviewresearch.com/press-release/global-healthcare-additive-manufacturing-market

Healthcare Additive Manufacturing Market Segmentation

Grand View Research has segmented the global healthcare additive manufacturing market on the basis of technology, application, material, and region:

Healthcare Additive Manufacturing Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Stereolithography
• Deposition Modeling
• Electron Beam Melting
• Laser Sintering
• Jetting Technology
• Laminated Object Manufacturing
• Others

Healthcare Additive Manufacturing Application Outlook (Revenue, USD Million, 2016 - 2028)

• Medical Implants
• Prosthetics
• Wearable Devices
• Tissue Engineering
• Others

Healthcare Additive Manufacturing Material Outlook (Revenue, USD Million, 2016 - 2028)

• Metals & Alloys
• Polymers
• Biological Cells
• Others

Healthcare Additive Manufacturing Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Spain
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Healthcare Additive Manufacturing Market

• GE Additive (General Electric)
• 3D Systems, Inc.
• EnvisionTEC GmbH
• RegenHU
• Allevi, Inc.
• EOS GmbH (Electro Optical Systems)
• Materialise N.V.
• Stratasys Ltd.
• Nanoscribe GmbH
• GPI Prototype and Manufacturing Services, LLC

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.