Epoxy Composite Market To Benefit from Increased Global Uptake of 2021 By 2028

 Epoxy Composite Market Growth & Trends

The global epoxy composite market size is expected to reach USD 55.97 billion by 2028, registering a CAGR of 8.3% over the forecast period, according to a new report by Grand View Research, Inc. Growing usage of advanced lightweight functional materials in various industries, such as automotive & transportation, aerospace & defense, and wind energy, is expected to drive the market.

Increasing demand for composites in the automotive industry is anticipated to boost the market growth over the forecast period. Rising fuel prices have triggered the need for fuel-efficient vehicles, which is expected to increase the usage of composites. Composites are majorly utilized as the replacement for aluminum, wood, and steel on account of their higher strength-to-weight ratio.

The high manufacturing cost of composites is challenging the growth and profitability of the market across the world. In addition, initial capital investment is anticipated to pose a challenge over the forecast period. Companies, such as Toray Industries and Teijin Ltd., are integrated across the value chain of composites ranging from raw material supply to distribution activities and have also diversified their product offerings.

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Epoxy Composite Market Report Highlights

• The glass fiber reinforced epoxy composites segment accounted for the highest revenue share of more than 60% in 2020 as a result of high demand due to their superior characteristics along with cost-effectiveness
• The automotive & transportation application segment dominated the global market and is expected to register a significant CAGR over the forecast period
• The wind energy application segment is expected to witness the fastest CAGR of more than 9% due to high product demand in this application or ensuring shape stability, structural strength, and damage resistance to wind turbine rotor blades
• Asia Pacific led the global market in 2020, in terms of revenue share, owing to the presence of a robust automotive manufacturing base in the region
• Key companies have undertaken various initiatives, such as technology innovations, R&D, partnerships, and mergers & acquisitions, to manufacture cost-effective and lightweight composite products

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Epoxy Composite Market Segmentation

Grand View Research has segmented the global epoxy composite market on the basis of fiber type, end-use, and region:

Epoxy Composite Fiber Type Outlook (Revenue, USD Million, 2017 - 2028)

• Glass Fiber
• Carbon Fiber
• Other Fibers

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

• Automotive & Transportation
• Aerospace & Defense
• Wind Energy
• Electrical & Electronics
• Sporting & Consumer Goods
• Other End-uses (Oil & Gas, Marine, Construction)

Epoxy Composite Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Epoxy Composite Market

• Teijin Ltd.
• Toray Industries, Inc.
• Huntsman Corp. LLC
• SGL Carbon
• Hexcel Corp.
• Solvay
• Park Aerospace Corp.
• Arkema
• Avient Corp.
• Olin Corp.

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.

Stone Paper Market Expected to Deliver Dynamic Progression By 2028

 Stone Paper Market Growth & Trends

The global stone paper market size is expected to reach USD 1.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.8% from 2020 to 2028. Increasing concerns regarding extensive deforestation for wood procurement to synthesize wood pulp are expected to fuel the demand for alternatives such as stone paper over the forecast period.

The pulp and paper manufacturers are investing heavily to produce alternatives to wood-based paper products and are laying focus on the identification of environment-friendly and biodegradable options which is expected to boost product demand. Increasing the demand for sustainable packaging offers profitable opportunities for the stone paper manufacturers and the market. The market for stone paper is also expected to be driven by the growing adoption of stone paper for packaging application and the replacement of conventional wood-based paper.

The market is moderately competitive in nature owing to the consolidated presence of stone paper manufacturers across Asia Pacific and Europe. However, the market is highly influenced by trends in the production of limestone which is expected to emerge as an outline for the production of stone paper.

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Stone Paper Market Report Highlights

• The paper packaging segment is expected to witness the fastest CAGR of 5.5% from 2020 to 2028 in terms of revenue, owing to its sustainable nature and cost-effectiveness
• The labeling paper application segment is expected to reach USD 213.2 million by 2028, owing to product cost-effectiveness and flexibility, coupled with high demand from the food and beverage sector
• The market in North America is expected to witness a CAGR of 4.0% in terms of revenue over the forecast period, which can be attributed to increasing investment in research and development activities aiming at developing sustainable products with advanced features
• Key industry participants are focusing on the introduction of advanced, durable, tear-resistance, and waterproof solutions to conventional papers. For instance, TBM Co., Ltd. under its LIMEX brand produces high-performance masterbatch (HPM) and plastics products made from stone paper used to produce various stationery products and bag carriers

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Stone Paper Market Segmentation

Grand View Research has segmented the global stone paper market on the basis of application and region:

Stone Paper Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Packaging Papers
• Labeling Papers
• Self-adhesive Papers
• Others

Stone Paper Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Stone Paper Market

• The Stone Paper Company
• Guangzhou Myhome Wallpaper Co. Ltd.
• AM Packaging Company Limited
• Shenzhen Stone Paper Enterprise
• Kapstone
• Taiwan Longmeng Composite Materials Co., Ltd.
• STP STONE PAPER GmbH
• Stone Paper
• TBM Co., Ltd
• Pishgaman Sanat Sabz Co.
• Sphera International
• Anydesignsrl

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.

Partner Relationship Management Market to Expand with Significant CAGR During 2021 – 2028: Grand View Research Inc.

 Partner Relationship Management Market Growth & Trends

The global partner relationship management market size is expected to reach USD 180.01 billion by 2028, registering a CAGR of 16.2%, from 2021 to 2028, as per the new research conducted by Grand View Research, Inc. The need to control the functional relationship between external partner channels and organizations and emphasis on reducing channel management costs and enhancing partner communication are the major factors supporting the overall market growth. 

Several enterprises are anxious about the initial maintenance and implementation costs. These enterprises also prefer to present data on-premises. Moreover, issues with downtime and staff expenses are some of the concerns faced by organizations. To reduce expenses and downtime, these enterprises prefer adopting Partner Relationship Management (PRM) solutions. To reduce enterprise costs, many organizations are shifting toward digital transformation and the adoption of cloud services. Increased Return on Investments (ROI) with less storage and infrastructure costs are expected to further drive the market growth over the forecast period.

Increasing internet penetration and cloud computing service in various countries such as China, the U.S., and the U.K. are expected to generate lucrative growth opportunities by supporting organizations in adopting technological innovations in their systems. For instance, according to the data published by World Bank, internet users in the U.S. have increased from 87.27% of the total population in 2017 to 88.49% in 2018. Similarly, in China, 54.3% of the country’s total population used the internet in 2017. 

The outbreak of the COVID-19 pandemic has adversely impacted the market growth. The lockdown restrictions imposed by various governments have directed various organizations in the IT & telecom industry to adopt work from home. This has led to a significant decline in the adoption of partner relationship management services. However, with the economic revival and leniency in the lockdown restrictions, the market is expected to witness significant growth over the forecast period. 

The prominent players that dominated the market for partner relationship management in 2020 include Oracle Corporation; Salesforce.com Inc.; Allbound Inc.; Zinfi Technologies Inc.; and Mindmatrix Inc. These players majorly focus on new product and service launches to enhance their business operations. In March 2020, Allbound introduced a new integration solution for HubSpot. The solution can mechanically integrate opportunities and contacts from partner referrals from Allbound and sync data.

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Partner Relationship Management Market Report Highlights

• The training and consultation segment is expected to dominate the PRM market due to a surge in the adoption of consulting services globally. The segment is expected to reach USD 35.38 billion by 2028
• The service segment is anticipated to register the highest CAGR of 17.3% over the forecast period
• The cloud deployment segment led the market and the trend is expected to continue over the forecast period. The cloud segment is anticipated to reach USD 93.71 billion by 2028
• The IT and telecom segment is anticipated to register the highest CAGR of 19.1% over the forecast period. The growth can be attributed to increasing demand for technological innovations in various sectors namely BFSI, and telecom
• North America is projected to account for the majority share of the market over the forecast period. The region is anticipated to reach USD 68.3 billion by 2028. The rapid adoption of technological innovations and the presence of various prominent players in the region are some of the major drivers of the market growth in this region
• Some of the prominent industry participants include Salesforce.com, Inc.; Allbound Inc.; Channeltivity; and Zinfi Technologies Inc.

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Partner Relationship Management Market Segmentation

Grand View Research has segmented the global partner relationship management market based on component, service, deployment type, organization size, application, and region:

Partner Relationship Management Component Outlook (Revenue, USD Million, 2018 - 2028)

• Solution
• Service

Partner Relationship Management Service Outlook (Revenue, USD Million, 2018 - 2028)

• Managed Service
• Training & Consultation

Partner Relationship Management Deployment Type Outlook (Revenue, USD Million, 2018 - 2028)

• On-Premise
• Cloud

Partner Relationship Management Organization Size Outlook (Revenue, USD Million, 2018 - 2028)

• Small and Medium Enterprise
• Large Enterprise

Partner Relationship Management Application Outlook (Revenue, USD Million, 2018 - 2028)

• BFSI
• IT & Telecom
• Retail & Consumer Goods
• Manufacturing
• Healthcare
• Others

Partner Relationship Management Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of the Partner Relationship Management Market

• Oracle Corporation
• com Inc.
• Channeltivity
• Allbound Inc.
• Zinfi Technologies 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.

North America Wheelchair Market Strong Application and Emerging Trends also Scope by 2028: Grand View Research Inc.

 North America Wheelchair Market Growth & Trends

The North America wheelchair market size is expected to reach USD 1.7 billion by 2028, registering a CAGR of 7.9% over the forecast period, according to a new report by Grand View Research, Inc. This is largely due to an increase in the adoption of advanced, compact, and portable mobility aids on account of the growing target population in the U.S. Rising geriatric population is most likely to create higher demand for mobility products, such as wheelchairs. As per the U.S. Census Bureau, mobility is the most common disability among older Americans. 61 million adults live with a disability in the U.S. out of which, 13.7% have mobility disability with serious difficulty walking or climbing stairs.

Also, in 2016, there were 3.3 million wheelchair users in the U.S., with 1.825 million of those users aged 65 years and above. This number is predicted to grow every year, with an expected 2 million new wheelchair users per year. However, the COVID-19 pandemic exacerbated a global shipping and logistics crisis in early 2020, resulting in container shipping shortages and rising costs, as well as interrupting, and potentially continuing to disrupt global trade. This made it difficult for wheelchair manufacturers to obtain necessary products, components, and raw materials. However, companies are anticipated to restart operations due to the ease of lockdown, which will support market growth in the years to come.

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North America Wheelchair Market Report Highlights

• The manual wheelchair product segment dominated the market with the largest revenue share of more than 60% in 2020. This growth can be attributed to the high product demand to its low costs and weight and non-dependability on charging
• The adult category segment accounted for the highest revenue share of over 84% in 2020. This is owing to the fact that adults have a higher rate of spinal injuries, neuromuscular diseases, and trunk/neck weakness than children
• The rehabilitation centers application dominated the market with a revenue share of more than 34% in 2020
• The hospitals application segment is anticipated to register the fastest CAGR over the forecast period due to the rising number of medical emergencies that need the use of wheelchairs
• Canada is projected to register the fastest CAGR of more than 8.5% over the forecast period due to the rising number of startups in the country
• For instance, Braze Mobility, a university of Toronto firm, has developed a set of adjustable blind spot sensors that can be mounted on wheelchairs and scooters to make it easier and safer for people to move around

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North America Wheelchair Market Segmentation

Grand View Research has segmented the North America wheelchair market based on product, category type, application, and country:

North America Wheelchair Product Outlook (Revenue, USD Million, 2016 - 2028)

• Manual
• Electric

North America Wheelchair Category Outlook (Revenue, USD Million, 2016 - 2028)

• Adult
• Pediatric

North America Wheelchair Application Outlook (Revenue, USD Million, 2016 - 2028)

• Homecare
• Hospitals
• Ambulatory Surgical Centers (ASCs)
• Rehabilitation Centers

North America Wheelchair Country Outlook (Revenue, USD Million, 2016 - 2028)

• US.
• Canada

List of Key Players of North America Wheelchair Market

• Karman Healthcare, Inc.
• Carex Health Brands, Inc.
• Drive Medical Design & Manufacturing
• Medline Industries, Inc.
• Quantum Rehab
• GF Health Products, 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.

Glamping A Hottest Travel Trend

 

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Staycations do not allow people to venture too far out but allow them a wide range of destinations to choose from during their time off. This is expected to have a positive impact on the market growth wherein consumers who prefer holidaying among nature luxuriously can also engage in different enjoyable activities provided by various glamping resorts. As per a report published by Kampgrounds of America, Inc., in 2019, 67% of the consumers agree that glamping provides a unique outdoor experience, 63% want their glamping experience to come with services and amenities that aren’t available with camping, and 56% say that they want to stay in unique accommodations. These factors are acting as major drivers for the market.

Gas Detection Equipment : Increasing Demand for Infrared (IR) Camera-based Gas Detectors

 

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The increasing need for gas detection equipment in the oil and gas sector for applications such as emergency response, fracking, and leak detection is driving the market growth. Moreover, the need for protecting workers from hazardous gases is creating a demand for gas detection equipment across various industries. Government regulations such as the American Society of Heating Refrigeration & Air Conditioning Engineers and Occupational Safety & Health Administration have mandated the installation of gas detection equipment for safety and security purposes, which is also contributing to the market growth.

Revolutionizing Aviation with IoT

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The aviation industry has witnessed an unprecedented increase in passenger traffic in recent years. Subsequently, airport authorities and airline operators worldwide are aggressively adopting the latest technologies to optimize their business flow and cope with the unabated growth in passenger traffic. The key aviation industry players are particularly adopting data-driven approaches to make their business decisions. Internet of Things (IoT) plays a vital role in collecting data in the aviation industry by providing statistical summaries to facilitate airport management. Aviation companies can utilize these statistical summaries to obtain actionable insights while reducing human interference.

 

U.S. Frozen Dessert Market Size Is Expected To Reach USD 82.00 Billion by 2028| CAGR: 5.7%

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The U.S. market for frozen desserts is driven by the rising demand for low-sugar and low-calorie desserts domestically. Consumers are becoming increasingly concerned about their health but also crave to try out new delicacies. Rising consumer spending on these desserts and the development of new products have been the key driving factors for the industry’s growth in the past few years. With the shift in trend from desserts such as ice cream post-dinner or lunch toward frozen desserts, these desserts have paved their way into the market, replacing traditional desserts with a lower shelf life.

 

Volumetric Display Market Trends, Demand, Production, Analysis and Forecast to 2028: Grand View Research Inc.

 Volumetric Display Market Growth & Trends

The global volumetric display market size is expected to reach USD 1.05 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 25.8% from 2021 to 2028. Several in-built features such as visualization of holographic aerial images in free space, 360-degree spherical viewing angle, autostereoscopic capabilities, and motion-based depth cues are likely to drive the market over the forecast period.

Volumetric displays are widely preferred across several industries such as military and defense, healthcare, media, communication, entertainment, and aerospace owing to their built-in features. Massive investments in R&D by prominent market players such as LightSpace Technologies Inc. are estimated to create a significant opportunity for players to gain a substantial market share over the coming years. Moreover, these investments are majorly focused on improving overall in-built features of volumetric displays, which will cater to growing consumer demand for enhanced visual experiences during gaming and other applications. Robust deployment of 5G network infrastructure is further anticipated to spur the adoption of volumetric displays to provide seamless connectivity and enhanced experience to customers during video calls.

Advances in medical imaging technologies for more accurate diagnosis is expected to offer avenues for the market from 2019 to 2025. Use of volumetric displays in medical imaging applications to create real-time visualization of medical images enables a comprehensive acceptance of the technology across the industry. These are also used in several defense applications, such as visual representation of data related to situational awareness across the sea, space, land, and cyber space during simulation and training. Rapidly increasing defense spending for technological advancements in key countries such as U.S. and China, is also expected to propel the market growth over the forecast period.

However, the technology has not yet reached maturity. Thus, it offers considerable potential and scope for further development and innovation in order to be accepted and adopted by consumers on a much larger scale. Industry players have been focusing on organic growth strategies such as R&D investments, collaborations, and value-added features to expand their overall product portfolios. These strategies help players gain a larger share in the market. Thus, key market players such as Voxon Photonics are actively investing in increasing production to fulfill the demand among consumers for various applications such as advertisement and marketing as well as education and design.

Additionally, key market players are focusing on establishing partnerships and agreements with investors in order to raise funding to expand their market presence. However, high manufacturing costs owing to the intricate design of the product is expected to hinder the overall market growth in the coming years.

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Volumetric Display Market Report Highlights

• By type, the static volume segment captured the major market share in 2018 owing to its features such as aerial images in free space, 360-degree spherical viewing angle, and motion-based depth cues
• The swept volume segment is expected to witness rapid growth owing to significant investments by market players to develop advanced products within this category
• In 2018, the medical segment attained a market size of around USD 50.0 million and is estimated to register substantial growth owing to increasing adoption of this technology in healthcare for viewing 3D imaging by extracting stored data from Magnetic resonance imaging (MRI), Computed tomography (CT), and other systems
• North America accounted for the largest share in the global volumetric display market and is anticipated to exhibit the highest CAGR of more than 30.0% over the forecast period. The growth is due to rapidly increasing defense and healthcare spending to deploy modern technologies to obtain improved visualization during critical situations
• Companies are aggressively investing in R&D to develop new products with enhanced features to strengthen their market position and enhance their product portfolio
• Key players in the market include Lightspace Technologies Inc.; Voxon Photonics Pty Ltd.; The Coretec Group Inc.; and Holoxica Ltd.

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Volumetric Display Market Segmentation

Grand View Research has segmented the global volumetric display market based on display type, end use, and region:

Volumetric Display Display Type Outlook (Revenue, USD Million, 2017 - 2028)

• Static-volume display
• Swept-volume display

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

• Medical
• Aerospace & Defense
• Automotive
• Media, Communication, & Entertainment
• Education & Training
• Others (Oil & Gas, Mining, etc.)

Volumetric Display Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Rest of the World

List of Key Players of Volumetric Display Market

• Lightspace Technologies Inc.
• Voxon Photonics Pty Ltd.
• The Coretec Group Inc.
• Holoxica Ltd.
• Alioscopy
• Leia, Inc
• Looking Glass Factory, Inc.
• SeeReal Technologies GmbH
• The Coretec Group, 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.

Electric Powertrain Market Set to Surge Significantly During 2021-2028: Grand View Research Inc.

 Electric Powertrain Market Growth & Trends

The global electric powertrain market size is expected to reach USD 654.95 billion by 2028, registering a CAGR of 33.5% over the forecast period, according to a new report by Grand View Research, Inc. The market for pure electric and plug-in hybrid vehicles has been growing significantly, in turn, creating an increasing demand for automotive electric powertrains. Governments in various countries are taking initiatives to promote the development of Electric Vehicles (EVs). For instance, in 2020, the U.S. Department of Energy announced a public investment of USD 400 billion in clean energy. The investment would help develop 500,000 charging outlets for electric vehicles by the end of 2030.

The rising sales of EVs have propelled prominent automotive component manufacturers to aggressively focus on developing essential EV components to gain a competitive edge. Prominent manufacturers in the market are primarily focusing on enhancing their facilities in countries, such as China and the U.S. For instance, in February 2020, Nidec Corporation invested around USD 1.8 billion to expand its EV powertrain business. The company’s three new facilities located in Poland, China, and Mexico would deliver up to 8.4 million electric motors every year.

Asia Pacific is projected to grow at a substantial CAGR over the forecast period owing to the increase in demand for EVs and the rise in the per capita income of people. Countries, such as China, South Korea, and India, are among the prominent manufacturers of automobiles. Stringent government regulations and emission norms, including BS-VI in India, are also expected to contribute to the growth of the Asia Pacific market. However, the COVID-19 pandemic has interrupted the ten consecutive years of robust growth of EVs, mainly impacting sales in countries, such as China. With factory shutdowns, declining vehicle sales, and decreasing use of public transit, the automotive supply chains have been heavily disrupted by the pandemic. Europe is a crucial market for electric powertrains and holds a substantial share of automotive production. Countries, such as Finland, Norway, Sweden, and the Netherlands, have the highest adoption rate of EVs in the world. This, along with the presence of several automotive OEMs, is estimated to drive market growth in Europe.

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Electric Powertrain Market Report Highlights

• The motor/generator component segment is anticipated to witness the fastest CAGR from 2021 to 2028
• The growth is credited to the increasing penetration of BEVs and PHEVs across the globe
• The HEV/PHEV segment is anticipated to witness the highest CAGR exceeding 36% over the forecast period
• This growth can be attributed to the charging flexibility benefits offered by these vehicles
• Asia Pacific is expected to expand at a high CAGR of more than 34% over the forecast period
• The regional market is driven by the increasing adoption of EVs in countries, such as China and India

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Electric Powertrain Market Segmentation

Grand View Research has segmented the global electric powertrain market on the basis of electric vehicle, component, and region:

Electric Powertrain EV Outlook (Volume, Units; Revenue, USD Billion, 2016 - 2028)

• BEV
• HEV/PHEV

BEV Electric Powertrain, By Component (Volume, Units; Revenue, USD Billion, 2016 - 2028)

• Motor/Generator
• Battery
• Power Electronics Controller
• Converter
• Transmission
• On-Board Charger

HEV/PHEV Electric Powertrain, By Component (Volume, Units; Revenue, USD Billion, 2016 - 2028)

• Motor/Generator
• Battery
• Power Electronics Controller
• Converter
• Transmission
• On-Board Charger

Electric Powertrain Regional Outlook (Volume, Units; Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Norway
  • Sweden
• Asia Pacific
  • China
  • Japan
  • South Korea
• Rest of the World

List of Key Players of Electric Powertrain Market

• BorgWarner
• Bosch Ltd.
• Mitsubishi Electric Corp.
• Magna International Inc.
• Schaeffler AG
• ZF Friedrichshafen AG
• Valeo
• Nidec Corp.
• Continental AG
• Magneti Marelli CK Holdings

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.

In-vehicle Payment Services Market Projected To Be Worth USD 12.16 Billion By 2028: Grand View Research Inc.

 In-vehicle Payment Services Market Growth & Trends

The global in-vehicle payment services market size is expected to reach USD 12.16 billion by 2028, registering a CAGR of 16.3% over the forecast period, according to a new report by Grand View Research, Inc. The increasing spending by automakers on enabling drivers to make payments and authenticate transactions from the vehicle itself coupled with the rising levels of disposable income, especially in the developed economies, and the growing preference for contactless payments are expected to drive the growth of the market over the forecast period. Busy schedules are prompting drivers to look forward to hassle-free experiences as part of an upgraded lifestyle.

At this juncture, the ability to shop, order, and pay on the go without performing any cash transactions for swiping credit/debit cards would allow commuters to save time and ensure a convenient commute. In-vehicle payment services offer drivers and passengers the convenience of making payments through various payment modes from the vehicle itself. The demand for these services is expected to increase over the forecast period in line with the proliferation of connected cars and the growing preference for advanced infotainment. Automakers, such as BMW AG, Mercedes-Benz, Ford Motor Co., Honda Motor Co. Ltd., General Motors Co., and Jaguar Land Rover Automotive PLC, have already started integrating in-vehicle payment services and solutions into their vehicle models.

Payment service providers, such as MasterCard, Visa, and PayPal, are also striking strategic partnerships and collaborations with automotive OEMs to deliver efficient in-vehicle payment platforms. The preference for contactless payments is growing due to the COVID-19 pandemic. As such, the majority of the parking systems, gas stations, and toll collection booths have already incorporated mobile payment technology. The popularity of e-wallets is rising owing to the convenience and ease of payment e-wallets can offer.

Digital wallet and online payment platforms, such as Google Pay, Amazon Pay, and Apple Pay, are also getting immensely popular and their adoption is expected to increase significantly over the forecast period. However, automotive OEMs are looking forward to designing and developing a payment ecosystem that would allow drivers and passengers to avail and pay for all the desired services, such as filling gasoline or charging electric cars, booking and paying for parking slots, paying tolls at toll booths, and ordering food and coffee, among others, without having to get out of the vehicle. Hence, the market is expected to grow significantly over the forecast period.

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In-vehicle Payment Services Market Report Highlights

• The global market was valued at USD 3,097.0 million in 2020 and is expected to register a CAGR of 16.3% from 2021 to 2028
• The credit/debit card segment dominated the market in 2020 and is estimated to generate a revenue of over USD 6,255.8 million by 2028
• North America accounted for the largest revenue share of the market in 2020 and will grow further at a steady CAGR retaining the leading position from 2021 to 2028
• Continued integration of the latest technologies in automobiles and the rising levels of disposable income are anticipated to drive the market growth in North America

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In-vehicle Payment Services Market Segmentation

Grand View Research has segmented the global in-vehicle payment services market on the basis of mode of payment, application, and region:

In-vehicle Payment Services Mode Of Payment Outlook (Revenue, USD Million, 2018 - 2028)

• NFC
• QR Code/RFID
• App/e-wallet
• Credit/Debit Card

In-vehicle Payment Services Application Outlook (Revenue, USD Million, 2018 - 2028)

• Parking
• Gas/Charging Stations
• Shopping
• Food/Coffee
• Toll Collection
• Others

In-vehicle Payment Services Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of In-vehicle Payment Services Market

• BMW AG
• Daimler AG
• Ford Motor Co.
• General Motors Co.
• Honda Motor Co. Ltd.
• Hyundai Motor Co.
• Jaguar Land Rover Automotive PLC
• Volkswagen AG
• ZF Friedrichshafen AG
• Google
• Amazon
• Visa
• MasterCard
• PayPal

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.

Semi-trailer Market Size Is Anticipated To Reach USD 29.36 Billion by 2028

 Semi-trailer Market Growth & Trends

The global semi-trailer market size is anticipated to reach USD 29.36 billion by 2028, expanding at a CAGR of 5.8%, according to a new report by Grand View Research, Inc. Increasing demand across the construction, defense, automotive, and energy sectors is anticipated to be a key factor driving market growth. In addition, increasing dependence of e-commerce companies on third-party logistics (3PL) providers to ensure transportation of goods through hub and spoke distribution model is also expected to augment market growth in the coming years.

Furthermore, expanding cold chain and logistics industry is contributing significantly to the market growth. Less than truckload (LTL) and full truckload (FTL) freight shipping companies worldwide are increasingly adopting semi-trailers due to the versatility being offered in terms of load-carrying capacity. As compared to rigid trucks, semi-trailers offer the lowest cost of transportation per ton per km, which is further enhancing its adoption.

Over the last few years, the product demand has witnessed strong growth on account of positive growth observed in the oil & gas industry. In the coming years, the market is poised to register steady growth due to relaxation of regulations with respect to length and load-carrying capacity of semi-trailers. Government regulations supporting the introduction of lightweight and eco-friendly transport vehicles are expected to shape the future market demand. However, lack of proper infrastructure required for transportation, especially in emerging economies is hampering the semi-trailer market growth.

Manufacturers are increasingly incorporating advanced technologies such as driver assistance systems (DAS) and other connectivity solutions into their products to help their consumers (fleet operators/logistics service providers) enhance operational efficiency. Furthermore, growing preference for platooning and introduction of electric semi-trailer trucks are expected to create huge opportunities for the manufacturers in the coming years. Manufacturers are increasingly focusing on introducing lightweight transport vehicles through improved designs and lighter components to ensure greater productivity and payload.

Request a free sample copy or view report summary: Semi-trailer Market Report

Semi-trailer Market Report Highlights

• The dry vans segment is expected to witness a revenue-based CAGR of more than 4.0% due to growth in the retail and fast-moving consumable goods (FMCG) industry, especially in the developing economies
• The Asia Pacific market is expected to witness substantial growth owing to improving road infrastructure and anticipated growth in the automobile industry. Automotive companies are manufacturing many cars and two-wheelers which are being transported through semi-trailers to end-consumers
• The market is highly consolidated with the presence of established players such as Wabash National Corporation, Schmitz Cargobull, Great Dane, and Kogel Trailer GmbH
• Players are focusing on R&D investments, acquisitions and mergers, and product innovation in order to strengthen their market presence. For instance, in 2017 Wabash National Corporation entered into a definitive agreement to acquire Supreme Industries, Inc. to enhance its market presence in dry vans.

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

Semi-trailer Market Segmentation

Grand View Research has segmented the global semi-trailer market based on type and region:

Semi-trailer Type Outlook (Volume, ‘000 Units; Revenue, USD Million, 2016 - 2028)

• Flat Bed Trailer
• Dry Vans
• Refrigerated Trailers
• Lowboy Trailers
• Tankers
• Others

Semi-trailer Regional Outlook (Volume, ‘000 Units; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Semi-trailer Market

• China International Marine Containers (Group) Ltd.
• Fontaine Commercial Trailer, Inc.
• Great Dane
• Kogel Trailer GmbH & Co.KG
• Krone Commercial Vehicle Group
• Lamberet SAS
• Polar Tank Trailer, LLC
• Schmitz Cargobull
• Utility Trailer Manufacturing Company
• Wabash National Corporation
• HYUNDAI TRANSLEAD

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.

Attractive Market Opportunities in the True Wireless Stereo Earbuds Market by 2028: Grand View Research Inc.

 True Wireless Stereo Earbuds Market Growth & Trends

The global true wireless stereo earbuds market demand is expected to reach USD 305,499.8 million by 2028, registering a CAGR of 36.1% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. The proliferation of connected devices at affordable prices is expected to favor true wireless stereo (TWS) earbuds market growth. Manufacturers are focused on introducing earbuds with multiple pair points to enable users to connect with multiple devices. As such, TWS earbuds are gradually gaining popularity as a convenient smartphone accessory. The wire-free and sophisticated design of these earbuds acts as the key purchase motivator for consumers

Moreover, the work-from-home norms imposed during the COVID-19 pandemic have accelerated the demand for IT accessories, including wireless earbuds. These devices can easily be used for listening to music or attending work-related con-calls. Besides features, such as Advanced Noise Cancellation (ANC) and wireless connectivity, TWS earbuds also come with a built-in carry case charger that offers seamless usage for over 150 hours. Furthermore, instant pairing across a variety of devices using Bluetooth, IPX7 certification, and support of voice assistants, such as Google and Siri, are also contributing to the market growth.

The rising demand for new and improved features serves as a catalyst for advancements in the market. Companies focus on launching products with differentiated features under various price bands. Multi-functional TWS earbuds are widely demanded as they cater to different applications, such as fitness, gaming, and entertainment, and offer extended capabilities, including fitness tracking and voice recognition. Moreover, several Chinese vendors, such as Xiaomi and Realme, have introduced entry-level wireless earbuds in the APAC market, making them an affordable choice for all consumers. The demand is expected to remain bullish over the next few years.

Request a free sample copy or view report summary: True Wireless Stereo Earbuds Market Report

True Wireless Stereo Earbuds Market Report Highlights

• The USD 100–199 price band segment led the global market in 2020 and is projected to expand further at a steady CAGR over the forecast period
• The proliferation of entry-level devices is expected to play a pivotal role in favoring the segment growth
• North America led the largest revenue share of more than 37% due to early technology adoption and high attention toward health & fitness amid the pandemic have been instrumental in driving the market growth in this region
• However, in terms of unit shipments, the demand for wireless earbuds in Asia Pacific surpassed the demand in North America in 2018
• Aggressive pricing strategies employed by Chinese vendors contributed to the large share of the regional market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-true-wireless-stereo-earbuds-market

True Wireless Stereo Earbuds Market Segmentation

Grand View Research has segmented the global true wireless stereo earbuds market on the basis of price band and region:

True Wireless Stereo Earbuds Price Band Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2028)

• Below USD 100
• USD 100-199
• Over USD 200

True Wireless Stereo Earbuds Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Greater China
  • India
  • Japan
  • South Korea
  • SEA
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa

List of Key Players of True Wireless Stereo Earbuds Market

• Apple, Inc.
• Bose Corp.
• Jabra
• Harman International Industries, Inc.
• Sony Corp.
• Sennheiser Electronic GmbH & Co.
• Xiaomi

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.

Virtual Reality: Another World Within Sight

 

Know More- https://www.grandviewresearch.com/industry-analysis/virtual-reality-vr-market

Virtual Reality (VR) is a digitally created experience where a three-dimensional environment is simulated with the real-world. The technology offers an immersive experience to the viewers with the help of VR devices, such as headsets or glasses, gloves, and bodysuits. The technology has brought a transformation in the gaming and entertainment industries by allowing users to experience immersion in a highly virtual realm. In addition, the increasing usage of this technology in instructive training, such as for training mechanics, engineers, pilots, soldiers in defense, field workers, and technicians, in the oil & gas and manufacturing sectors is driving the market growth.

Facade : Saves Cost

 

Know More- https://www.grandviewresearch.com/industry-analysis/facade-market

Modernization and urbanization are playing a vital role in the growth of the market. Several factors including waterproofing, fabrication, durability, and resistance to extreme climate come to play during the construction of facades. Changing perceptions of consumers and increasing focus on the exterior appearance of a building are anticipated to boost the growth of the market. Rising disposable income is leading to increased investments in renovations, which, in turn, is estimated to augment the market growth. Growing investments in the advancement of the residential and commercial construction industries in developed countries, such as the U.S., can stoke the growth of the market.