Armored Vehicle Market To Predict Global Expansion As Of Rising Awareness About Commercial Security7/12/2022 Armored Vehicle Industry Overview The global armored vehicle market size was valued at USD 16.68 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.9% from 2022 to 2030. The rising focus on protecting soldiers from external and internal threats is expected to propel market growth. The rising awareness about commercial security is expected to drive the demand for personnel armored vehicles. In January 2022, Oshkosh Defense, LLC; military vehicles, mobility systems, and technology solutions designing company; launched its first hybrid-electric Joint Light Tactical Vehicle (JLTV). The electric JLTV, launched by Oshkosh Defense, LLC, helped in protecting soldiers from physical threats, increased fuel efficiency, and offered a battery capacity of 30kWh. Multilateral collaboration between countries such as North Atlantic Treaty Organization (NATO) and the African Union (AU) to counter terrorism and maintain peace is expected to favor the market growth. Moreover, various governments are opting for the latest machinery to counter emergencies such as insurgencies and militant attacks, which is propelling the demand for armored vehicles. Gather more insights about the market drivers, restrains and growth of the Global Armored Vehicle Market Increasing communal riots and organized crimes in regions such as MEA and the Asia Pacific is another factor driving the growth of the market. For instance, in April 2021, INKAS Armored Vehicle Manufacturing, a Canadian privately held firm specializing in manufacturing, security, and development of armored vehicles, announced its procurement of vehicles to the U.S. government. The company has expanded its capacity and expertise to provide high-quality armored vehicles and fleets, which are available through the United States General Services Administration's (GSA) Advantage program. Increasing defense budgets, particularly in the Asia Pacific region, is anticipated to drive market growth. Advancements such as increased fuel efficiency and the use of high-tech sensors in armored vehicles are expected to drive market growth over the forecast period. For instance, in November 2021, HENSOLDT, a German multinational company focusing on sensor technologies for protection and surveillance missions in the security, defense, and aerospace sectors, announced the upgrade of its Multifunctional Self-Protection System (MSFS), a sensor-based system to counter threats. MSFS helps fight threats such as anti-tank guided missiles and laser-directed ammunition and makes vehicles to identify and ward off newly emerging dangers. The Multifunctional Self-Protection System 2.0 is to optimize the size, weight, and quantity of assemblies. The new laser rider improves directional resolution and threat detecting capability. The increased computer power of the central unit also aids in the detection of missile and projectile threats. Increasing cross-border criminal activities and terrorism have triggered asymmetric warfare between nations, which is expected to further increase the demand for armored vehicles. The development of lightweight, robust, highly efficient, and compact armored vehicles suitable for defense operations is further expected to propel the growth of the market. In February 2021, Arquus, an automotive firm that provides a variety of light and medium-sized wheeled armored vehicles for military services and internal security forces, introduced Scarabee, a lightweight rugged vehicle to spot, lock, acquire, and hit. Scarabee is fast, compact, robust, and exceptionally well-defended for its class vehicle. It has been meticulously designed to combine protection, stealth, and agility to safeguard soldiers. However, a limited budget for military spending, particularly in North America and Europe, may pose a challenge to the armored vehicle industry over the forecast period. Additionally, the increasing prices of raw materials, components, vehicle assembly, and machining equipment are expected to hinder the growth of the armored vehicle market. Browse through Grand View Research's Automotive & Transportation Industry Research Reports.
Armored Vehicle Market Segmentation Grand View Research has segmented the global armored vehicle market based on product and region: Armored Vehicle Product Outlook (Revenue, USD Million, 2017 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the global armored vehicle market include
Order a free sample PDF of the Armored Vehicle Market Intelligence Study, published by Grand View Research.
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Smart Transportation Industry Overview The global smart transportation market size was valued at USD 101.26 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.6% from 2022 to 2030. The market growth is driven by increasing innovative city projects, government programs toward reducing the effects of greenhouse gases, and the need for technology in traffic management systems. Lack of safe public transportation, poor management of public transportation, increased road safety concerns, and poor traffic management are some of the factors significantly driving the demand for smart transportation. Smart transportation is a cutting-edge technological application that provides various transportation and traffic management services. It has become an integral part of everyday life due to increased accidents and traffic in different countries. Smart transportation systems make it easier to use more informed, safer, coordinated, and smart transportation networks. Gather more insights about the market drivers, restrains and growth of the Global Smart Transportation Market The market has witnessed significant growth in applying modern technologies in vehicles and transportation infrastructure to help enhance traffic management, increase safety, and facilitate a more intelligent use of transportation networks. The COVID-19 pandemic had a negative impact on several economies across the world. Government-imposed nationwide lockdowns and quarantines to reduce the spread of the virus negatively affected enterprises worldwide, including the smart transportation market. Companies' ability to transport people was hampered by travel restrictions enforced to prevent the spread of the virus. As a result, transportation revenues plummeted. However, travel businesses are increasingly focused on data-driven decisions to improve their services and re-establish rider trust. The extended downtime and high capital required for replacing existing infrastructure are anticipated to hinder the market growth over the forecast period. Due to the lack of a standardized strategy, smart transportation combines numerous aspects, such as hardware, software, and mobile network components developed by multiple manufacturers, resulting in compatibility concerns. Furthermore, communication protocols differ significantly between countries, posing challenges for firms seeking global adoption of their products. Browse through Grand View Research's Automotive & Transportation Industry Research Reports.
Smart Transportation Market Segmentation Grand View Research has segmented the global smart transportation market based on solution, service, and region: Smart Transportation Solution Outlook (Revenue, USD Billion, 2017 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the global smart transportation market include
Order a free sample PDF of the Smart Transportation Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Cold Chain Industry Overview
The global cold chain market size was valued at USD 210.49 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 14.8% from 2021 to 2028. The growing penetration of connected devices and automation of refrigerated warehouses across the globe is anticipated to spur the industry growth over the forecast period. An increasing number of organized retail stores in emerging economies are leading to increased demand for cold chain solutions. Moreover, trade liberalization, government efforts to reduce food waste, and expansion of retail chains by multinational companies are expected to boost industry growth over the forecast period. The World Trade Organization (WTO) and bilateral free trade agreements, such as the European Union Free Trade Agreement (FTA) and the North America Free Trade Agreement (NAFTA), have created opportunities for exporters in the U.S. and Europe to increase trade of perishable foods in a manner that is free of import duties. Gather more insights about the market drivers, restrains and growth of the Global Cold Chain Market In developing economies, the refrigerated storage market is driven by a shift from carbohydrate-rich diets to protein-rich foods, owing to rising consumer awareness. Countries, such as China, are expected to portray a significant growth rate over the coming years due to a consumer-led transition in the economy. With growing technological advancements in warehouse management and refrigerated transportation, the market is likely to expand in developing economies. Furthermore, growing government subsidies have enabled service providers to tap these emerging markets with innovative solutions to overcome complex transportation. Cold chain services are designed to provide ideal transportation and storage conditions for temperature-sensitive products. Increasing demand for perishable products and fast delivery requirements associated with the e-commerce-based food and beverages delivery market has created a significant boost in cold chain operations. This is a stark shift from the earlier trend of consumers buying processed foods that had a longer shelf life. The rising trend of purchasing perishable products online has led to new opportunities and challenges. These include the need for innovative solutions to provide last-mile delivery, automated warehouses to manage inventories and reduce per-item costs, and low-cost and advanced temperature monitoring devices to maintain the safety of fresh food products. Browse through Grand View Research's Automotive & Transportation Industry Research Reports.
Cold Chain Market Segmentation Grand View Research has segmented the global cold chain market on the basis of type, packaging, equipment, application, and region: Cold Chain Type Outlook (Revenue, USD Million, 2017 - 2028)
Market Share Insights
Key Companies profiled: Some prominent players in the global cold chain market include
Order a free sample PDF of the Cold Chain Market Intelligence Study, published by Grand View Research. Electric Vehicle Charging Infrastructure Industry Overview The global electric vehicle charging infrastructure market size was valued at USD 19.26 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 30.6% from 2022 to 2030. The rising levels of carbon emissions and other harmful gases stemming from transportation have triggered the necessity of adopting electric vehicles. Hence, the demand for an Electric Vehicle (EV) charging infrastructure in commercial and residential applications is on the rise. Moreover, increasing partnerships among car manufacturers for charging facilities by providing a subscription model is further expected to drive the market growth. The technological progress of both electric vehicle charging software and hardware is expected to change the way EV owners use and benefit from electric vehicle charging applications. Technologies such as Smartcar API and charging networks precisely determine an electric vehicle’s charge time even before the car driver plugs the car into a station. Gather more insights about the market drivers, restrains and growth of the Global Electric Vehicle Charging Infrastructure Market Additionally, green energy is expected to play a significant role in both public and residential electric vehicle charging spaces. EV owners are majorly concerned about carbon emissions. To address these concerns, companies are making rapid advancements in the charging technologies of their electric vehicle charging networks. The market penetration of EV charging equipment is significantly high in commercial spaces as compared to residential places. The number of commercial charging stations is predicted to increase in line with the growing adoption of electric vehicles. Efforts toward strengthening the charging infrastructure in commercial spaces would be decisive in encouraging the adoption of EV, as overnight charging at residential complexes or individual homes would not be sufficient for long-distance journeys. Moreover, public charging infrastructure would also facilitate the ultra-fast charging capabilities necessary for long-distance journeys. However, EV chargers for residential spaces can also offer significant growth potential as they provide a cheaper and more convenient mode for charging electric vehicles as compared to commercial charging stations. EVCI manufacturers are collaborating with the car rental service to integrate chargers into the existing infrastructure. For instance, In January 2020, Eaton announced its partnership with Green Motion car rental service provider to provide integrated chargers into the building with energy storage. Various automotive manufacturers, such as Volkswagen Group, BMW Group, and General Motors, among others, are investing in the development of Car2X technology for charging infrastructure which is further driving the growth. Countries such as France, India, the Netherlands, and Canada have introduced several campaigns to boost the adoption of electric vehicles. However, due to the COVID-19 outbreak, the global automobile industry is expected to face a slowdown as several countries across the globe have restricted the production of EVs. This is expected to adversely impact the electric vehicle charging infrastructure market. As governments across the globe are focusing on emerging from the pandemic with a stronger and more resilient economy, EVs are expected to continue to gain significant attention. For instance, in the U.S., California is emerging with strong electric vehicle targets, which is expected to have a positive impact post-pandemic and boost the growth of the market. Browse through Grand View Research's Automotive & Transportation Industry Research Reports.
Electric Vehicle Charging Infrastructure Market Segmentation Grand View Research has segmented the global electric vehicle charging infrastructure market based on charger type, connector, application, and region: EV Charging Infrastructure Charger Type Outlook (Volume, Units, Revenue, USD Million, 2017 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the global electric vehicle charging infrastructure market include
Order a free sample PDF of the Electric Vehicle Charging Infrastructure Market Intelligence Study, published by Grand View Research. Automotive Collision Repair Industry Overview The global automotive collision repair market size was USD 185.98 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 2.1% from 2021 to 2028. The rise in the number of subscriptions of automobile insurance and technological advancements in the automobile sector are the factors expected to propel market growth. There has been an increase in vehicular damage caused by accidents, which is directly influencing the revenue generated in the global market. Many automobile retailers sell do-it-yourself (DIY) kits to consumers who prefer to repair their cars at home without any assistance. This trend is observed in many suburban parts of South America and Asia Pacific. Gather more insights about the market drivers, restrains and growth of the Global Automotive Collision Repair Market OEMs have developed several channels to distribute their branded parts to different service departments. The rising demand for hybrid and electric cars is expected to further increase the demand for specific tools and spare parts used in such vehicles. This is anticipated to improve the demand for automotive collision repair. In addition, the vehicle owner is obligated to get a notice that the warranties that apply to the non-OEM and nonstandard parts will not be provided by the manufacturer of the vehicle but by the manufacturer or distributor of the parts. The companies support customers from repairing and diagnosing issues on vehicles to provide and service preventative maintenance. Moreover, the customers are often concerned about the vehicles after the collision and unable to get specialist services at a low cost. Additionally, auto collision repair shops are equipped with modern repair equipment and staffed by collision repair experts. The automotive collision repair services have some disadvantages such as boost the safety of the car, maintain the value of the vehicle, lower the company’s cost, and others. Technological advancements have brought numerous benefits to organizations. Furthermore, digitalization has allowed all of us to experience a more personalized service, quicker delivery, and instant access to support. Unsurprisingly, it is easy to get used to comfort. There are various advantages associated with inspection and repairing by a collision repair specialist. The collision repair specialist finds a way of reducing the cost of damages. Furthermore, the collision repair specialist’s service is used to analyze vehicles’ problems and find the best solution possible with new parts with significant research. Browse through Grand View Research's Automotive & Transportation Industry Research Reports.
Automotive Collision Repair Market Segmentation Grand View Research has segmented the global automotive collision repair market based on product, vehicle type, service channel, and region: Automotive Collision Repair Product Outlook (Revenue, USD Billion, 2017 - 2028)
Market Share Insights
Key Companies profiled: Some prominent players in the global automotive collision repair market include
Order a free sample PDF of the Automotive Collision Repair Market Intelligence Study, published by Grand View Research. Agricultural Tractors Industry Overview The global agricultural tractors market demand was valued at 2,765.3 thousand units in 2021 and is anticipated to expand at a compound annual growth rate(CAGR) of 6.8% from 2022 to 2030. The surge in demand for compact tractors on small farms and technological advancements, such as integrating telematics with agricultural tractors, are expected to drive market growth over the forecast period. In addition, the rapid adoption of mechanization in the agriculture industry is likely to bode well for the market growth over the next eight years. Furthermore, farm laborers’ migration toward cities creating a shortage of laborers is anticipated to drive the market growth. The outbreak of COVID-19 hampered the product demand owing to the temporary suspension of production and supply chain disruption. Gather more insights about the market drivers, restrains and growth of the Global Agricultural Tractors Market However, in H1 2021, the demand for tractors bounced back significantly with double-digit growth in major economies, such as the U.S., Canada, the U.K., Germany, China, and India. Also, strong crop production in these markets, along with the need to replace aging equipment, increased product sales in H1 2021. However, a sudden increase in demand led to lower inventory levels of tractors in H2 2021, a trend expected to continue over the next few quarters of 2022. In 2022, OEMs are presumed to increase the agricultural tractors prices from 4% to 22%, which is anticipated to further slow down the market growth. It is attributed to low inventory levels of tractors experienced by dealers. Also, OEMs are currently experiencing a shortage of semiconductors coupled with supply chain disruptions and market uncertainty due to the growing COVID-19 cases, which may delay production. Furthermore, a hike in steel and aluminum prices is expected to increase tractors prices, which is further anticipated to hinder market growth over the next few quarters. Favorable government policies are likely to boost market growth over the forecast period. For instance, on September 15, 2021, the U.S. Department of Agriculture (USDA) introduced a Precision Agriculture Loan (PAL) Act to allow farmers and ranchers to avail of loans to purchase precision agriculture equipment. Similarly, the imposition of The U.K. Agriculture Act 2020 and the Canadian Agricultural Loans Act (CALA) are likely to favor the product demand over the forecast period. Such initiatives are expected to fuel the market growth over the forecast period. Technological advancements in agricultural tractors are also expected to bode well for the market growth over the forecast period. For instance, the rising popularity of autonomous and electric tractors is projected to increase productivity and efficiency in farming. Key vendors in this space, such as Deere & Company, CLAAS KGaAmbH Escorts Ltd., SOLECTRAC, and Monarch, have commercially launched concepts for their autonomous and electric tractors. For example, in December 2020, MONARCH TRACTOR announced the launch of its electric tractor integrated with autonomous, machine learning, and data analysis features. The launched tractor envisages farmers improving operational efficiency, enhancing labor productivity and safety, and increasing yields. Browse through Grand View Research's Automotive & Transportation Industry Research Reports.
Agricultural Tractors Market Segmentation Grand View Research has segmented the global agricultural tractors market based on engine power, driveline type, and region: Agricultural Tractors Engine Power Outlook (Volume, Thousand Units, 2018 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the global agricultural tractors market include
Order a free sample PDF of the Agricultural Tractors Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. The global Rubber Tired Gantry (RTG) Crane Market is estimated to touch US$ 1.64 billion by the completion of the prediction period. The market was appreciated by US$ 1.08 billion in the year 2016. It estimated to develop at a substantial CAGR for the duration of the prediction. The progressions in machineries, for example Active Load System [ALS], are likely to power the development of the market above the prediction period. Rubber Tired Gantry [RTGs] prepared by means of Active Load System [ALS] expertise assist in growing the steadiness of the container for the period of transport.
The growing trade by the way of sea owing to speedy industrial development has headed to the progress of port substructure throughout the world. The development in the sea route trade could be credited to the growing populace, particularly in emerging areas. Furthermore, supple tax policy through a number of areas for the importation of merchandises has headed to an upsurge in arriving vessel movement. This encourages the application of robust container handling equipment such as RTGs. The report “Rubber Tired Gantry (RTG) Crane Market” is available now at https://www.millioninsights.com/industry-reports/rubber-tired-gantry-rtg-crane-market Financially developing nations comprising China, Columbia, Mexico, and India among others, are estimated to deliver sufficient occasions for the development of the market. The growing tendency of transshipments has headed to the growth of port substructure in these areas owing to growth in container circulation. The Rubber Tired Gantry Crane market on the source of Type of Power Supply could span Electric, Diesel, Hybrid. The diesel power-driven Rubber Tired Gantry (RTG) Crane ruled the international market. It was priced at US$ 724.3 million in the year 2016. The subdivision of electric power driven RTG expected to be the rapidly developing sector. Expected to record the CAGR of 9.9% above the prediction period. The electric power driven RTGs decrease the necessity for the maintenance of engine parts. They are capable to save engine oil equal to 600 liters per year. They take a lesser maintenance price and abridged down time. The areas like as Europe, wherever the administration has forced firm rules concerning air contamination and discharge mechanism, have observed an improved implementation of electric power driven Rubber Tired Gantry (RTG) Crane. They assists in dropping company expenditures by eradicating the practice of engine and hydraulic oil. The RTG Crane market on the source of Type could span 16-Wheeler, 8-Wheeler.The subdivision of 16-wheeler RTG is estimated to appear as the speedily developing sector and is supposed to develop at a CAGR of 6.1% during the prediction period. Furthermore, the big number of wheels tips to suitable maneuverability and improved protection of the driver. The Rubber Tired Gantry (RTG) Crane market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S.A, Canada], Europe [Germany and Turkey], Asia Pacific [India, Japan, China],Latin America [Mexico, Columbia]. By the source of geography, Middle East Asia [MEA] is estimated to be the speedily developing area, recording a CAGR of more than 5.3% above the prediction period. Asia Pacific ruled the market and prized by more than US$ 486.8 million in the year of 2016. Request a Free Sample Copy of Rubber Tired Gantry (RTG) Crane Market Report @ https://www.millioninsights.com/industry-reports/rubber-tired-gantry-rtg-crane-market/request-sample The harbors in Europe have accepted electrically powered Rubber Tired Gantry (RTGs) to decrease contamination and release of glass house gas. Government guidelines in this area, for example certification of carbon release in oceanic transport, have permitted the implementation of container handling apparatus, powered by electricity. Additionally, the harbor establishments has permitted making planned investments in the substructure of the harbor owing to the fiscal clarity. The statement revises Trades in terms of intake of Rubber Tired Gantry (RTG) Crane in the market; particularly in North America, Europe, Asia Pacific, Latin America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international basis are Reva Industries Ltd., MI-Jack Products, ElectroMech Material Handling Systems (India) Pvt. Ltd, TNT Crane & Rigging, Konecranes, Shanghai Zhen Hua Heavy Industries Co., Ltd, Kalmar, Liebherr, SANY GROUP and Anupam Industries Limited. Market Segment: RTG Crane Type Outlook (Revenue, USD Million; 2014 - 2025) • 8-wheeler • 16-wheeler RTG Crane Power Supply Outlook (Revenue, USD Million; 2014 - 2025) • Diesel • Electric • Hybrid RTG Crane Regional Outlook (Revenue, USD Million; 2014 - 2025) • North America • U.S. • Canada • Europe • Germany • Turkey • Asia Pacific • China • India • Japan • Latin America • Columbia • Mexico • MEA To read more reports of this category, Visit our blog: https://automotivemarketresearchreportss.blogspot.com The global material handling equipment market size is anticipated to reach $41.1 billion by 2025. The market is projected to witness the high growth owing to the increasing manufacturing activities in the pharmaceuticals, chemical, food & beverages and automotive industries paired with safety concerns over the workplace. Moreover, a technological development like robotic arms, escalators, automation, etc. started an evolution in the industries which efficiently perform tasks with error free and time & cost saving manufacturing processes, may fuel the market growth.
The increasing demand for retrieval systems and automated storage in pharmaceutical, food & beverages, chemical, and automotive industries are expected to be a key driving factor of the market growth due to the adoption of equipment by manufacturers in warehouses as well as the distribution & production centers. Request a Free Sample Copy of Material Handling Equipment Market Report @ https://www.millioninsights.com/industry-reports/materials-handling-equipment-market/request-sample The product handling equipment reduces the cost as well as the risk of damaging a product due to manual transportation and processing activities. Trucks are the dominating segment of handling equipment and had the highest market share in 2015. However, retrieval systems & automated storage is likely to acquire significant market share over the forecast period owing to increased adoption of the automation systems across the APAC. Product Insights A variety of Automated, semi-automated, and manual material handling equipment lower the handling cost, shorten the delivery time and reduces the risk of damage and inventory. Thus, the adoption of material handling equipment is projected to upsurge. End-use Insights The e-commerce industry is anticipated to persist as a leading and fastest growing segment of the end-use due to the rising adoption of material handling equipment for storage & transportation purpose in a warehouse. These mechanical products used for the movement of goods, storage, tracking products, organization of orders and protection of material. Thus, they reinforce the operational capability, handle warehouse activities efficiently, and streamline the supply chain. The flourishing e-commerce and manufacturing industries like textile, chemical, automotive, food & beverage, and pharmaceutical inducing a demand for warehousing the goods for managing and storing purposes. Thus, material handling systems act as a key factor in managing external and internal manufacturing/warehousing operations. They are widely used in the automotive industry owing to lessen the labor intensity, improved production activities, and timely delivery of goods or material. Regional Insights Europe is one of the dominating regions with a significant market share in 2015 and estimated over 35% of the sector share. However, APAC is expected to grow at a CAGR of over 7% making the region a fastest growing market in the forecast period. The increase in the manufacturing facilities, paired with the expansion of the e-commerce and industrial sector in APAC, is likely to drive the material handling equipment market in the region. Moreover, the mounting importance of safety at a workplace in manufacturing and chemical industries is projected to increase the demand in the forecast period. The rapid global development of e-commerce and industrialization are projected to boost the demand for the market in warehouses. Moreover, Middle East, Africa and Latin America are anticipated to make massive investments in the material handling equipment market. The report “Material Handling Equipment Market” is available now at https://www.millioninsights.com/industry-reports/materials-handling-equipment-market Competitive Insights The market is highly competitive with the existence of major players and small vendors supplying a broad range of the equipment. Furthermore, the industry is witnessing joint ventures or acquisitions. For instance, in 2015, SSI Schaefer acquired MoTuM NV and included Automated Guided Vehicles (AGV) in its product portfolio. Additionally, manufacturers are adopting automation to sustain in the market. At present, the sector is dominated by global players, like SSI Schaefer, Daifuku, Murata Machinery Ltd., Kion Group (Dematic), Mecalux S.A., and Vanderlande Industries B.V. Market Segment: Material Handling Equipment Product Outlook (Revenue, USD Billion; 2014 - 2025) • Storage & handling equipment • Automated storage & retrieval system • Industrial trucks • Bulk material handling equipment • Others Material Handling Equipment End-Use Outlook (Revenue, USD Billion; 2014 - 2025) • Automotive • Food & beverages • Chemical • Semiconductor & electronics • E-commerce • Aviation • Pharmaceutical • Others Material Handling Equipment Regional Outlook (Revenue, USD Billion; 2014 - 2025) • North America • U.S. • Canada • Europe • UK • Germany • France • Asia Pacific • China • India • Japan • Latin America • Brazil • Mexico • Middle East & Africa Electric Transporters Market Will Move Ahead At A CAGR Of 8.4% For The Period Of The Forecast8/24/2021 Synopsis:
The scope of the global Electric Transporters Market was appreciated at US$ 35.10 billion in 2017. It is estimated to stretch US$ 66.98 billion by 2025, moving ahead at a CAGR of 8.4% for the period of the forecast. An electric transporter or else electric means of transportation is a vehicle that makes use of one or additional electric motors for its driving force. Electric transporters consume electrical energy. It is stowed in rechargeable batteries. In place of fueling, these transporters necessitate to charge as per the type and capability of the battery. These automobiles utilize various types of batteries for example Li-Ion, sealed lead acid, and NiMH for their action. Some examples of the electric transporters are electric skateboards, electric scooter, electric bike, and electric car. Growth in the prices of fuel have directed to improve trades of electric transporters during the previous small number of years. Electric transportation is expected to appear mainstream during the upcoming years. It is attaining the position of a superior and environmentally friendly substitute to conservative styles of transportation. Moreover, increasing prices of fuel, additional charges of maintenance required for conservative type of vehicles is expected to boost the electric transporters industry. Request a Free Sample Copy of Electric Transporters Market Report @ https://www.millioninsights.com/industry-reports/electric-transporters-market/request-sample Various governments are inspiring the usage of electric transporters by means of profitable monetary and non-monetary encouragements for example exemption in tax and subsidizations. The percentage of acceptance of such transporters is yet moderately sluggish. The factors responsible for it are greater price of the product, lack of awareness among the customers, and absence of essential set-up. Yet, these vehicles have an optimistic influence on the atmosphere and would contribute in the direction of a bearable way of life. Initiative taken by the governments for green transport together with attractive motivation strategies for electric vehicle, and substantial investment in the infrastructure of electric vehicle in emerging nations are expected to bolster the market for electric transporter for the duration of the forecast. Classification: The global electric transporters market can be classified by Voltage, Battery, Vehicle and Region. By Voltage it can be classified as Above 48V, 48V, 36V, 24V. By Battery it can be classified as: Li-Ion, Sealed Lead Acid, and NiMH. By Vehicle it can be classified as Electric skateboards, Electric scooter, and Electric bike. Regional Lookout: By Region the global electric transporters industry can be classified as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific was responsible for a share of more than 42.0% of the global market during 2017. The credit goes to speedy urban development and solid acceptance from Chinese customers. Additionally, obtainability of a wide-ranging base of customer in Asia Pacific has stimulated companies to discover the model of rental service business. Furthermore, due to the greater capacities of manufacturing and readiness of ample raw materials, Taiwan and China have turned out to be main sites for production of these means of transportation. North America is expected to appear the maximum encouraging province for the duration of the forecast. The aim of attaining 1.5 million zero-emission automobiles by 2025, documented by the governor of California, is funding to provincial demand. The U.S.A has observed a robust preference for rental models. The corporations for example Lime and Bird, who arrange for electric scooters, and electric-assist bikes, on the basis of rental model, have prospered remarkably during fresh years. Browse the Full Global Electric Transporters Market - Global Scenario, Industry Outlook, Analysis, Size, Trends and Forecast, 2014 To 2025 Report at https://www.millioninsights.com/industry-reports/electric-transporters-market Companies: Important companies are increasing their manufacturing capacities in a foreign country to increase the existence of industry. For example, Gogoro Inc. has joined with Coup to increase its distribution service of smart electric scooters, in Berlin, during 2016 and additional European metropolises. Additionally, the European market has observed a substantial deterioration in demand for regular motorbikes and has augmented its imports of e-bikes, mainly from companies, based in China. Some of the important companies for electric transporters market are BMW Motorrad International, Mahindra GenZe, Terra Motors Corporation, Vmoto Limited, Gogoro Inc., and Jiangsu Xinri Electric Vehicle Co. Ltd. Additional notable companies are Hama GmbH & Co KG, All cell Technologies LLC, KIWANO, BOXX Corporation, Razor USA LLC, Honda Motor Co. Ltd., All Cell Technologies LLC, Ninebot Inc., and Air wheel Holding Ltd. Market Segment: Electric Transporter Vehicle Type Outlook (Revenue, USD Billion, 2014 - 2025) • Electric scooter • Retro • Standing/ Self-Balancing • Folding • Electric bike • Electric skateboards Electric Transporter Battery Type Outlook (Revenue, USD Billion, 2014 - 2025) • Sealed Lead Acid • NiMH • Li-Ion Electric Transporter Voltage Outlook (Revenue, USD Billion, 2014 - 2025) • 24V • 36V • 48V • Greater Than 48V To read more reports of this category, Visit our blog: https://automotivemarketresearchreportss.blogspot.com Electric Transporter Regional Outlook (Revenue, USD Billion, 2014 - 2025) • North America • U.S. • Canada • Europe • Germany • United Kingdom • Asia Pacific • China • India • Japan • Latin America • Brazil • Mexico • Middle East & Africa |
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