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BANGALORE, India, March 10, 2021 /PRNewswire/ — Hybrid Train Market is Segmented by Propulsion Type (Electro-Diesel, Battery Operated, Hydrogen Powered, Gas Powered, and Solar Powered), Application (Passenger and Freight), and Operating Speed (Less than 100 km/hr, 100-200 km/hr, and More than 200 km/hr): Global Opportunity Analysis and Industry Forecast, 2020–2027. This report is published on Valuates Reports in the Energy & Utilities Category.

The global hybrid train market size was valued at USD 16.2 Billion in 2019 and is projected to reach USD 23.9 Billion by 2027, growing at a CAGR of 6.6% from 2020 to 2027. 

Major factors driving the growth of hybrid train market size are high gas prices, traffic congestion, and the rising need to curb greenhouse gas emissions. 

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TRENDS INFLUENCING THE HYBRID TRAIN MARKET SIZE 

Growing demand for energy-efficient and less polluting train operations is expected to drive the growth of hybrid train market size. Governments in many countries are enforcing stricter emission standards, forcing train manufacturers to develop trains that are less polluting.

The cost-efficiency of the hybrid train is expected to increase the growth of the hybrid train market size. Several freight companies have shown interest in hybrid trains in order to reduce running costs by eliminating fuel and maintenance costs. In the freight sector, the total cost of ownership (TCO) has a major impact on profit margins. When traveling long distances with traditional diesel trains, fuel costs are high. The use of electrified, fuel cell, CNG, and LNG hybrid trains, on the other hand, reduces these costs.

With the rising population, the existing rail transportation infrastructure in urban areas is proving inadequate. Hence, the Hybrid train market size is expected to as existing rail infrastructure networks expand.

However, the recent COVID-19 pandemic is expected to have a severe impact on the hybrid train market. OEMs had to wait for the lockdowns to be removed before they could restart production, which is expected to negatively impact the Hybrid train market size. However, the market is expected to recover later this year or in the first quarter of 2021.

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HYBRID TRAIN MARKET SHARE ANALYSIS

By propulsion type, the Electro-Diesel segment is projected as the most lucrative segment in the hybrid train market. In addition, electro-diesel locomotives offer benefits, including reliability, sustainability, reduction of emissions of harmful substances, and others. These features are expected to increase the demand for an electro-diesel hybrid train in the coming years.

Due to an increase in demand for electro-diesel trains, which typically have an operating speed of 100-200 km/hr, the 100-200 km/hr segment held the largest market share in 2019. 

On the basis of application, the passenger segment dominated the global market in 2019, taking into account the increasing importance of hybrid trains and the reduction of road traffic and pollution. In addition, increased demand for safe travel, reliability, connectivity, and rising urbanization are key factors driving the growth of the hybrid passenger train market in the coming years.

In terms of sales, Europe led the hybrid train market in 2019, and this dominance is expected to continue during the forecast era. This is due to the increased adoption of hybrid trains in the area by economies such as Germany, France, Spain, and the United Kingdom. Furthermore, as urbanization and rail infrastructure construction activities increase in European countries, demand for hybrid trains grows, propelling the growth of hybrid train market size.

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Key Market Segments

By Propulsion Type

• Electro-Diesel
• Battery Operated
• Hydrogen Powered
• Gas Powered
• Solar Powered

By Application

• Passenger
• Freight

By Operating Speed

• Less than 100 km/hr
• 100-200 km/hr
• More than 200 km/hr

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Brazil
• Saudi Arabia
• South Africa
• Rest of LAMEA

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Key Companies

• Wabtec Corporation
• Toshiba Corporation
• Stadler Rail AG
• Siemens AG
• Kawasaki Heavy Industries Ltd
• Hyundai Rotem Company
• China Railway Rolling Stock Corporation
• Bombardier
• Ballard Power Systems Inc.
• Alstom SA

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– Manganese-based steel alloys see substantial uptake in automobile industry in Asia Pacific, the region to contribute sizable revenues to global market

– Stringent mining regulations continue to hurt the profit margins of producers of manganese alloys, competitive dynamics increasingly fragmented and intensely competitive

ALBANY, N.Y., March 10, 2021 /PRNewswire/ — Manganese alloys are gaining preference to metal-based alloys in numerous applications. In particular, ferromanganese finds widespread and steady demand in the steel industry, where it is used to carbon steel. The use of manganese imparts various desired characteristics to the final steel products such as combination of stiffness, hardness, toughness, hardenability, and wear resistance. Further, the use of various grades of ferromanganese aids in fabrication of steel products in the way they are forged and rolled before final shape is given. Manganese is also used as desulfurizer and an alloying agent to develop lower carbon content steels. Manganese when alloys with nickel imparts good thermal conductivity and corrosion resistance.

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Growing volumes of manganese ore mining to meet the demand for steel industry is a key driver and accelerant for the expanding valuation of the manganese alloys market over the years. During the forecast period of 2019 – 2027, the global valuation is predicted to rise at 5.9% CAGR. 

Key Findings of Manganese Alloys Market Study

Proliferating Use in Numerous Industries Drive Prospects

The growing demand for manganese alloys in various end-use industrial applications is key to expanding revenue streams in the manganese alloys market. Grades of alloys are used in ships and boats construction, where the use of manganese imparts high tensile strength and hardenability. The use of manganese as alloys considerably improved the machinability of end-use applications of the steel industry. The unique combination of properties that manganese alloys results in lightweight automobile structures. The growing use of ferromanganese alloys in the steel industry has been driven by the rapid strides in steel manufacturing in some of the rapidly emerging economies of the world.

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Automotive Industry Exhibits Vast Uptake

Expanding capacity of vehicle production around the world has also spurred the demand for manganese alloys in making of steel used in automobile manufacturing. Growth in both commercial and passenger vehicles productions has propelled the demand in the manganese alloys market. Rising sales of cars over the past decades have boosted the revenue generation for players in the market. A remarkable growth avenue has come from uptake in automobile manufacturing for meeting the demand among consumers in Asia Pacific. The region has been a hotbed of opportunities for manganese miners.

Stringent Regulations on Mining Hampering Growth Prospects

Growing concern of environmental impact of manganese mining in various parts of the world has dampened the investments on its mining. Additionally, producers of manganese alloys suffer from the high cost miners expend in meeting these norms. This eventually affects the profit margins of alloy producers. On the other hand, a thriving demand for shipbuilding has been imparting momentum to the relatively modest growth of the manganese alloys production.

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 Manganese Alloys Market: Key Driving Factors

• Rise in demand for construction industry in emerging and developed economies spurring the utilization of manganese alloys
• Rapid pace of urbanization in the developing geographies of the world spurs the industrial application of manganese alloys
• Striking pace of industrialization in Asia Pacific to spur growth prospects

Manganese Alloys Market: Key Industry Participants

Some of the key companies engaged in production of different types of ferroalloys and prominent steel companies in the manganese alloys market are:

• Nikopol Ferroalloy Plant
• Mortex Group
• Pertama Ferroalloys Sdn. Bhd.
• Sakura Ferroalloys SDN BHD
• Jindal Stainless Ltd.
• ArcelorMittal
• Ferroglobe
• South32
• ERAMET

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NEW YORK, March 10, 2021 /PRNewswire/ — As per the findings of a new market research report by Persistence Market Research, the worldwide automotive cyber security market reached a valuation of around US$ 5.4 Bn in 2020, and is anticipated to exhibit a CAGR of close to 8% over the next ten years. Usage of telematics services such as information, navigation, safety, security, diagnostics, and entertainment has been increasing in recent years, and is projected to grow at a significant rate over the coming years. Along with this, connected cars and autonomous vehicles will be available globally in the next five to ten years.

Telematics services and connected cars require the Internet for the functioning of some key applications and transferring of data. As such, they are vulnerable to cyber-threats. Automotive cyber security is a system or technology that prevents or protects the systems of a vehicle that are susceptible to any cyber-attack. As more and more vehicles are connected to the Internet, the automotive industry is working closely with Internet service providers, software companies, and others concerned players to provide better cyber security systems to end users.

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Key Takeaways from Study

• OEMs and cyber security tech players are continuously collaborating with each other to develop advanced cyber security solutions to deal with highly sophisticated attacks.
• Among the application, ADAS & safety systems are expected to witness high growth, owing to wide adoption in autonomous driving vehicles across the globe.
• Among the regions, South Asia & Pacific is exhibiting a high growth rate, owing to expected rise in automobile production over the coming years
• Infotainment systems will continue being the primary contributor to the growth of the automotive cyber security market on a global scale.
• The market in the U.S. is projected to expand at a CAGR close to 7%, while that in the U.K. at nearly 8% through 2031.
• Demand for automotive cyber security solutions in India is expected to surge at a CAGR of more than 13% over the next ten years.

«Rise in consumer demand for luxurious features and growing demand for passenger electric vehicles (EVs) would propel growth of automotive cyber security solutions,» says a Persistence Market Research analyst.

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Continuous Rise in Number of Automotive ECUs to Drive Market Growth

The last decade has seen a phenomenal increase in the use of electronic components in automotive systems, resulting in the replacement of manual driving vehicles with autonomous vehicles. All these changes have been made possible due to the presence of Electronic Control Units (ECUs). Several types of ECUs are placed inside a vehicle to control various functions, ensuring a smooth and safe driving experience. Some automobile models running today have around 80 different ECUs present in them, and even more than 150 in luxury cars. The application of ECUs is done in a variety of systems in a vehicle, such as ADAS, infotainment, body control, and comfort system, among others, which means massive amount of information or data is been created and processed by an ECU during each drive.

There is a huge role of ECUs in enabling safety and security in every vehicles. Hardware security modules (HSMs) anchor security functions directly in the ECU’s main processors. These are combined with security software stacks to prevent unauthorized access of in-vehicle communications and vehicle control. Increasing adoption of ECUs in vehicles would also increase demand for HSMs modules, resulting in high growth in the automotive cybersecurity market. The HSM segment is expected to dominate the market, and is estimated to account for 43% of the total market value share in 2021.

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Impact of COVID-19 Outbreak

The COVID-19 pandemic has had a swift and severe impact on the global integrated automotive industry. Widespread impact of the pandemic has revealed a significant vulnerability in corporate supply chains. Factory closures, supply chain disruptions, and diminishing demand have all taken their toll. The impact caused global disruption in the exports of Chinese parts, large-scale manufacturing interruptions across Europe, and closure of assembly plants in the U.S

The automotive industry makes a significant contribution to the global economy. The industry’s annual turnover is equivalent to the world’s sixth-largest economy. However, amid the COVID-19 pandemic, the automotive industry faced a sharp drop in demand and investments. It is estimated that, manufacturing factory closures in Europe and North America caused around 2.2 million passenger vehicles to be removed from production schedules, at a cost of around US$ 70 billion in lost revenue for automotive and parts manufacturing companies. Moreover, as per estimates, the top 20 OEMs in the global auto sector will see profits decline by approximately US$ 100 billion in 2020.

During the outbreak, production as well as development of automotive cyber security products and solutions declined by nearly 6%-8% in Q1-Q2 2020, due to plunging production across Chinese factories, as they are one of the world’s major hardware security product manufacturers and suppliers. However, according to estimates, production has become quite stable from the last two quarters of 2020, and demand has started to gain traction again.

Find More Valuable Insights

Persistence Market Research puts forward an unbiased analysis of the global market for automotive cyber security market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031. To understand the opportunities in the market, it has been segmented on the basis of hardware (hardware security modules (HSMs), secure vehicle network gateways, trusted platform modules (TPMs), and others), software (embedded firewalls, encryption & cryptography , biometrics & authentication, and others), services (professional services [security consulting & risk assessment, integration & deployment, and support & maintenance], and managed security services); application (telematics, infotainment systems, powertrain systems, ADAS & safety systems, body control systems, and others), and vehicle (fuel-based vehicles [passenger cars and commercial vehicles] and electric vehicles [passenger cars and commercial vehicles]), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA).

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– Connected cars generate dozens of gigabytes of data every day that can be used to improve infrastructures

– The new SEAT Data Office processes it in a secure, non-identifiable way to generate uses for the benefit of road safety

– VW Group brands collaborate to produce pavement condition maps with information from stability control, ABS and GPS

MARTORELL, Spain, March 10, 2021 /PRNewswire/ — Whenever we drive a connected car, dozens of gigabytes of data are generated anonymously and collected by its numerous sensors and electronic components, such as traction control, stability control, the front camera and radar. By adding this data to the information obtained from other vehicles, for example, sections of roads all over Europe that are in need of repair can be located. How does this happen? The team at the new SEAT Data Office is responsible for storing and processing this huge volume of information.

Data on the move. When you step on the accelerator or raise or lower a window, the electronic units that control them emit signals that are sent to a server in the cloud, via a 4G connection. And it’s all based on anonymised data.

Frontline observers. Data from traction control, stability control, brakes and the temperature of our vehicles tell us about all those conditions that affect tyre contact with the road, from accumulated water, ice or snow to broken or worn pavements.

A controlled environment. The data from the front cameras and sensors let us know the availability of parking spaces on the street, the flow of traffic or if there is an obstacle on the road in real time, information which is very useful for navigation and emergency services. Another example is traffic sign detection. If the car relies not only on its camera, but also on the cameras of other vehicles and coordinates with historical information, it will be able to know that at a particular point there is, for example, a STOP or a solid line, even if it is not visible at that moment for whatever reason.

Far-reaching possibilities for projects. The data analysis of connected cars is just one of the fields in which the new SEAT Data Office is working. This multidisciplinary team is also working on optimising the company’s operations by analysing the data processed by its more than 1,000 IT systems.

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NEW YORK, March 10, 2021 /PRNewswire/ — Considering the growing rate of environmental degradation, governments around the world are offering tax concessions and purchase subsidies on electric vehicles (EV). As a result, the global electric scooter and motorcycle market size will increase from $5,913.9 million in 2019 to $10,529.7 million by 2025, at a 14.4% CAGR between 2020 and 2025, according to the market research study published by P&S Intelligence. Since these automobiles do not have an internal combustion engine (ICE), they are gaining widespread public support.

These supportive measures are key for the growth of the electric scooter and motorcycle market, as these vehicles are presently more expensive than their gasoline counterparts. Therefore, making them cost-effective is imperative to increase their adoption among the masses, especially in developing countries, such as India and China.

Key Findings of Global Electric Scooter and Motorcycle Market Report

• Demand for electric motorcycles to rise faster than for scooters
• Financial support important for market growth
• Last-mile delivery and ride-hailing services key opportunity areas
• Electric two-wheelers being increasingly bought via online channels
• Automakers launching new electric two-wheeler models
• Europe most-lucrative region for market players

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During the COVID-19 pandemic, the electric scooter and motorcycle market has been affected negatively, as the lockdowns and restrictions on non-essential movement have led to low or no production of automobiles around the world. Moreover, with the widespread economic distress because of salary cuts and unemployment, people are not spending on unimportant things, such as automobiles.

In the coming years, the scooter bifurcation is expected to continue dominating the electric scooter and motorcycle market, on the basis of product. Scooters are already cheaper than motorcycles, and more models of the former are available in the market.

The lithium-ion (Li-ion) bifurcation will witness the higher value CAGR in the electric scooter and motorcycle market, of 23.2%, based on battery type, in the near future. Compared to a sealed lead–acid (SLA) battery, Li-ion variants can carry more charge, therefore offer a longer driving range. In addition, these batteries are lightweight, smaller, and safe to dispose of, and they are also witnessing a fall in their prices.

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In the past, the 48 V category held the largest share in the electric scooter and motorcycle market, under segmentation by voltage. Compared to two-wheelers with batteries of other voltage ratings, those with 48-V batteries offer the highest benefit relative to their cost, which leads to the strongest preference for them.

Plug-in has been the larger category under the technology segment of the electric scooter and motorcycle market till now. Such two-wheelers are cost-effective and easy to charge, requiring to be simply plugged into a domestic electricity socket.

Asia-Pacific (APAC) is the most-productive electric scooter and motorcycle market, on account of the rising per capita income, rapid urbanization, and strong government support for EVs. In the years to come, the fastest growth in the market is projected to be witnessed by Europe, due to the rising environmental concerns forcing the regional governments to focus on a carbon-free economy.

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Major players in the global electric scooter and motorcycle market are Yadea Technology Group Co. Ltd., Zero Motorcycles Inc., BMW AG, Terra Motors Co. Ltd., AIMA Technology Group Co. Ltd., GOVECS Group, Energica Motor Company S.p.A., Mahindra GenZe, Hero Electric Vehicles Pvt. Ltd., Vmoto Ltd., TORROT ELECTRIC EUROPA S.A., Gogoro Inc., Kwang Yang Motor Co. Ltd., Niu Technologies, unu GmbH, Askoll EVA SpA, cutum Logistic S.L., Lightning Motors Corp., and Piaggio & C. SpA.

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North America Electric Scooters and Motorcycles Market –

https://www.psmarketresearch.com/market-analysis/north-america-electric-scooters-and-motorcycles-market

Asia-Pacific Electric Scooters and Motorcycles Market –

https://www.psmarketresearch.com/market-analysis/apac-electric-scooters-and-motorcycles-market

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BANGALORE, India, March 9, 2021 /PRNewswire/ — Automotive Ceramics Market is Segmented by Material (Alumina Oxide, Titanate Oxide, Zirconia Oxide, and Others), Component (Automotive Engine Parts, Automotive Exhaust Systems, Automotive Electronics, and Others), and Vehicle type (Passenger Vehicle and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2020–2027. This report is published on Valuates Reports in the Chemicals Industry Category.

The global Automotive Ceramics Market size was valued at USD 1.9 Billion in 2019 and is projected to reach USD 3.1 Billion by 2027, growing at a CAGR of 6.5% from 2020 to 2027.

Major factors driving the growth of Automotive Ceramics market size are:

• Changing vehicle emission control regulations
• Increasing consumer demand for fuel-efficient vehicles
• Increasing demand for electronics applications in vehicles

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TRENDS INFLUENCING THE AUTOMOTIVE CERAMICS MARKET SIZE

Increased demand for electronic applications in both ICE and electric vehicles is likely to increase the growth of the automotive ceramics market size during the forecast period.. Ceramics is used  in  knock sensors, valve systems, and superchargers. They are used in various sensors and actuators, such as fuel level sensors, fluid level sensors, and oxygen sensors, for vehicle exhaust gas purification. Ceramic materials are lighter in weight than conventional materials, such as metal, and are durable than plastic.

Strict regulation around the world to curb greenhouse gas emissions from automotive is expected to increase the automotive ceramics market size. In an effort to reduce greenhouse gases, emission control regulations are being amended to force car manufacturers to improve their vehicle performance. These strict regulations around the globe have resulted in the production of new ceramic exhaust systems, as they help reduce carbon emission.

Automotive vehicles traveling long distances have a problem with the periodic replacement of worn parts. The use of ceramics as wear parts can solve this problem due to their excellent wear resistance.

 However, ceramic component production for the automotive industry is expensive in terms of design and development. Each application necessitates a specific component design, which raises the overall cost. This factor might limit the growth of the automotive ceramics market size during the forecast period.

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AUTOMOTIVE CERAMICS MARKET SHARE ANALYSIS

Based on material, the Alumina segment held the largest Automotive Ceramics Market share in 2019. Alumina is mainly used for automotive electronic components and thermal barrier coating for engine parts.

Based on components, the engine parts segment held the largest Automotive Ceramics Market share in 2019. Ceramic-based engine parts include spark plug insulators, glow plugs, valves, pump seals, seals, and nozzles. These parts are indispensable for the proper functioning of each motor vehicle.

Based on vehicle type, the passenger segment held the largest automotive ceramics market share in 2019. Passenger vehicle sales have risen due to increasing population and disposable income. Furthermore, demand for automotive electronic systems is expected to grow as more people turn to electric vehicles.

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KEY SEGMENTATIONS

• Material
• Alumina Oxide
• Titanate Oxide
• Zirconia Oxide
• Others
• Component
• Automotive Engine Parts
• Automotive Exhaust Systems
• Automotive Electronics
• Others
• Application
• Passenger Vehicle
• Commercial Vehicle

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Brazil
• Argentina
• Saudi Arabia
• Rest of LAMEA

Key Players

• Almatis GmbH
• Compagnie de Saint-Gobain S.A.
• CoorsTek Inc.
• Elan Technology
• Ferrotec Corporation
• Hoganas AB
• International Syalons (Newcastle) Limited
• Noritake Co. Ltd.
• Stanford Advanced Materials
• Venator Materials Plc

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SIMILAR REPORTS : 

–  Automotive Ceramic Capacitors Market by Product Type: Single Layer, Multiple-layer, Application: Car Audio, Navigation System, Airbag System, Power Steering System, Keyless Entry System, Engine Control Unit, Others, by key players , by Regions: North America, Europe, China and Japan, etc.

–  High Performance Ceramic Coating Market by Product Type: Thermal Spray, Chemical Vapor Deposition, Physical Vapor Deposition, Other, Application: Automotive, Aerospace, Industrial, Others, by key players , by Regions: North America, Europe, China and Japan, etc.

–  Automotive Carbon Brake Rotors Market By Product Type: Carbon-Carbon Matrix, Carbon-Ceramic Matrix, Application: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Motor Sports Vehicles, Other, by key players , by Regions: North America, Europe, China and Japan, etc.

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– Increase in demand for automation and automated guided vehicles (AGVs) in numerous industries, low in labor costs in various organization, and growth in safety, accuracy, and productivity fuel the growth of the global automated guided vehicle market

PORTLAND, Ore., March 9, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Automated Guided Vehicle Market by Type (Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, and Forklift Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, and Others), Application (Transportation, Distribution, Storage, Assembly, Packaging, and Waste Handling), Industry (Automotive, Manufacturing, Food & Beverages, Aerospace, Healthcare, Logistics, Retail, and Others), and Mode of Operation (Indoor and Outdoor): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global automated guided vehicle market size was valued at $5.21 billion in 2019, and is projected to reach $13.52 billion by 2027, registering a CAGR of 16.6% during the forecast period. 

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Drivers, restraints, and opportunities

Growth in demand for automation and automated guided vehicles (AGVs) in various industries, decrease in labor costs in various organization, and rise in safety, accuracy, and productivity drive the growth of the global automated guided vehicle market. However, dearth of flexibility of automated guided vehicles and high cost of initial investments hinder the market growth. On the other hand, incorporation of the industry 4.0 creates new opportunities in the coming years.

COVID-19 Scenario

• The outbreak of COVID-19 pandemic led to unavailability of workforce. In addition, the industry witnessed disruptions in the manufacturing operations and supply chain management. This has significantly impacted the automated guided vehicle market.
• However, as the trend of contactless and effective logistics infrastructure is increasing, the market is anticipated to exhibit remarkable growth rate in the future.

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The two wheels segment to maintain its leadership status throughout the forecast period

Based on type, the two wheels segment contributed to the largest market share in 2019, accounting for around one-fourth of the global automated guided vehicle market, and is expected to maintain its leadership status throughout the forecast period. Two wheels vehicles are capable of pulling multitude of wheeled and non-powered trailer types with capacities ranging from roughly 2,000 pounds and more and are considered as the most economical solution as they can pull multiple loads in single trip itself. This factor drives the growth of the segment. However, the assembly line vehicles segment is expected to witness the largest CAGR of 19.5% from 2020 to 2027. AGVs in assembly line include transportation of the final product from the production lines to warehouse and serve raw materials, kits, work in progress materials to the product line, which in turn makes it the fastest growing segment.

The laser guidance segment to maintain its dominant share in terms of revenue by 2027

Based on navigation technology, the laser guidance segment held around one-third of the global automated guided vehicle market in 2019, and is projected to maintain its dominant share in terms of revenue by 2027. This is due to AGVs with laser guided navigation are easy and fast to and provide accurate positioning owing to which a higher vehicle speed is achieved. However, the inductive guidance segment is estimated to witness at the fastest CAGR of 19.2% from 2020 to 2027. Use of inductive guidance technology provides higher accuracy as well as efficiency is achieved as electric wires are not exposed to external environment and are safe from snow, dirt, and more, which in turn drives the growth of the segment.

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Asia-Pacific to maintain its lead position, North America to grow at a significant pace throughout the forecast period

Based on region, Asia-Pacific contributed to the highest market share in 2019, accounting for more than two-thirds of the total share of the global automated guided vehicle market, and will maintain its lead position throughout the forecast period. This is attributed to rise in adoption of auto guided robots in automotive, e-commerce, food & beverages, and pharmaceuticals & healthcare industries in emerging economies such as China, India, and South Korea. On the other hand, the region across LAMEA is estimated to manifest the fastest growth rate with a CAGR of 26.1% during the forecast period. Rapid development in production and food & beverages industries in Latin American countries is expected to support adoption of automated guided vehicles in the region. In addition, increase in adoption of industry automation, coupled with industry 4.0 technologies further fuel the market growth in this prevalence. On the other hand, the market across North America region is expected to register the CAGR of 18.3% during the forecast period.

Leading market players

• JBT
• KUKA AG
• Oceaneering International, Inc.
• Seegrid Corporation
• SSI schaefer
• Toyota Material Handling
• BALYO
• Daifuku Co., Ltd.
• E&K Automation GmbH
• inVia Robotics, Inc.

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Similar Reports We Have on Automotive & Logistics Industry:

India Automated Guided Vehicle Market by Type (Tow Vehicles, Unit Load Carriers, Pallet Trucks, Assembly Line Vehicles, and Forklift Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Inductive Guidance, Optical Tape Guidance, Vision Guidance, and Others), Application (Transportation, Distribution, Storage, Assembly, Packaging, and Waste Handling), Industry (Automotive, Manufacturing, Food & Beverages, Aerospace, Healthcare, Logistics, Retail, and Others) and Mode of Operation (Indoor and Outdoor): Opportunity Analysis and Industry Forecast, 2020–2030.

Autonomous Forklift Market by Component (Hardware, Software, and Services), by Sales Channel (In-House Purchase and Leasing), by Level of Autonomy (Level One, Level Two, Level Three, Level Four, and Level Four), by Tonnage (Below 5 Tons, 5-10 Tons, and Above 10 Tons), and by Application (Manufacturing, Warehousing, Freight & Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Autonomous Vehicle Market by Level of Automation (Level 3, Level 4, and Level 5) and Component (Hardware, Software, and Service) and Application (Civil, Robo Taxi, Self-driving Bus, Ride Share, Self-driving Truck, and Ride Hail) – Global Opportunity Analysis and Industry Forecast, 2019-2030.

L4 Autonomous Driving Market by Component (Software, Hardware, and Services), by Features (Adaptive Cruise Control (ACC), Lane Assist (LA), Intelligent Park Assist (IPA), Smart Park Assist (SPA), Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Collision Warning System (CWS),Cross Traffic Alert (CTA), Traffic Jam Assist (TJA), and Others), by Sensor Type (LIDAR, Radar, Camera, Ultrasonic Sensor, Biometric Sensors, and Others), and by Vehicle Type (Passenger Vehicle, Commercial Vehicle, and Electric Vehicle): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Autonomous Last Mile Delivery Market by Application (Logistics, Healthcare & Pharmaceuticals, Food & Beverages Retail, and Others), Solution (Hardware, Software, and Service), Range (Short Range (<20 km) and Long Range (>20 km)), and Vehicle Type (Aerial Delivery Drones, Ground Delivery Vehicles, and Self-driving Trucks & Bus): Global Opportunity Analysis and Industry Forecast, 2021-2030.

About Allied Market Research

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NEW YORK, March 9, 2021 /PRNewswire/ — From 66 million in 2005, worldwide vehicle sales jumped to 91 million in 2019, as per Organisation Internationale des Constructeurs d’Automobiles (OICA). Due to the expanding automotive industry, the global lubricants market is predicted to grow from $95,403.9 million in 2019 to $115,350.6 million by 2030, witnessing a 2.3% CAGR between 2020 and 2030, according to the market research report published by P&S Intelligence.

The automotive sector is one of the biggest end users in the lubricants market, as such fluids find widespread application in automobiles. The crankcases of engines are widely lubed in order to reduce friction between components that are in contact. This not only reduces wear and tear, but also keeps the vehicle running smoothly and with the optimum mileage. With people’s rising disposable income and strict norms regarding vehicular emissions and fuel efficiency, the consumption of lubricants in the auto sector continues to rise.

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During the COVID-19 pandemic, the lubricants market is witnessing negative growth. Not only have the lockdowns implemented in several nations led to the closure of a large number of manufacturing plants, but non-essential movement has also been curtailed. Thus, due to few people using their personal vehicles, or using them at a much smaller scale than before, the need to regularly lubricating them has reduced.

Browse detailed report with COVID-19 impact analysis on Lubricants Market Research Report: By Base Oil (Mineral Oil, Synthetic Oil, Bio-Based Oil), Product Type (Engine Oil, Transmission and Hydraulic Fluid Oil, Gear Oil, General Industrial Oil, Grease, Metalworking Oil, Process Oil), End User (Automotive and Other Transportation, Heavy Equipment, Food and Beverages, Metallurgy and Metalworking, Chemical) – Global Industry Analysis and Demand Forecast to 2030 @ https://www.psmarketresearch.com/market-analysis/lubricants-market

In the past, the engine oil category held the largest share in the lubricants market, based on product type. The growing automotive industry, on account of the rising demand for vehicles for public and private transport, has been pushing the demand for engine oil. Engine oils play a vital role in making vehicles fuel-efficient, which is one aspect of transportation almost every vehicle owner worries about presently.

APAC has been the most-productive region in the lubricants market in the past few years. As regional countries have weaker environmental regulations and offer lower manufacturing costs than North American and European countries, lubricant manufacturers based in the latter two regions are shifting their production base to APAC.

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The highest CAGR in the lubricants market is predicted to be observed in the Middle East and Africa (MEA) region during the next decade. As the largest oil-producing region on earth, the MEA boasts low lubricant prices, which encourage their wide adoption in industries. Further, with regional countries taking steps to reduce their dependence on oil and gas trade, they are giving impetus to other industries. Thus, with the construction of more manufacturing plants, the consumption of lubricants would rise massively here.

The most prominent companies in the global lubricants market are BP p.l.c., PetroChina Company Limited, Royal Dutch Shell p.l.c., China Petroleum & Chemical Corporation (Sinopec), Idemitsu Kosan Co. Ltd., FUCHS PETROLUB SE, Illinois Tool Works Inc., Chevron Corporation, Castrol Ltd., Buhmwoo Chemical Ind. Co. Ltd., Hindustan Petroleum Corporation Limited, Petróleo Brasileiro S.A., Valvoline Inc., PT Pertamina, Lukoil PJSC, Zeller+Gmelin GmbH & Co. KG, ENEOS Holdings Inc., Amsoil Inc., Petrofer Chemie H.R. Fischer GmbH Co. KG, Indian Oil Corporation Limited, Phillips 66, Total S.A., Gazprom Neft PJSC, Petroliam Nasional Berhad (PETRONAS), Exxon Mobil Corporation, Blaser Swisslube AG, Eni SpA, and Bharat Petroleum Corporation Limited.

Browse Other Related Reports

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https://www.psmarketresearch.com/market-analysis/lubricants-market-for-mining-and-quarry-applications

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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

 

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– The automotive engine air filter market is mainly concentrating on maximizing the consistency of the air-fuel mixture by providing dust-free air to the automobile’s engine chamber

– Due to the growth of the e-commerce industry, the automotive supply chain has observed a change in logistics and transportation patterns in recent times

ALBANY, N.Y., March 8, 2021 /PRNewswire/ — A number of factors influence developments in the automotive industry across the globe, which comprises developments, regulatory changes, emerging technology, and changing market demand. Initiatives to minimize the level of greenhouse gas emissions and environmental issues have driven automotive innovation over the last few years. In addition to that, there have been major advancements in automotive engine systems whereby filtration systems have become a crucial component. Research and development activities have accelerated in the recent years because developed countries around the globe, including the UK and the US, are concentrating more on improving energy efficiency throughout the automotive industry– an emerging trend that is predicted to remain throughout the projected timeline. Riding on the back of these market drivers, the global automotive engine air filter market is likely to observe growth over assessment timeline, from 2020 to 2030.

The global automotive engine air filter market is anticipated to reach around US$ 700 Mn by 2030, expanding at a growth rate of 2% CAGR over the forecast timeframe, from 2020 to 2030. Consumers’ increased purchasing power and per capita income are encouraging them to purchase cars, which is a major factor driving the global automotive engine air filter market. The market is also prophesized to be influenced by automakers’ uptake of automobile parts that improve vehicle performance.

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Key Findings of Market Report

• Air Filter Design to Remain a Crucial Element Amongst the Industry Participants

Automotive companies are continuously devoting resources to better the efficiency of their engines and coming up with solutions that are in line with ongoing initiatives to protect the environment. Players in the global automotive engine air filter market are foreseen to concentrate on enhancing the performance of their products as the efficiency of these air filters influences the engine’s longevity. This move is likely to ensure optimum fuel efficiency in automobiles ranging in size from large to small. Although manufacturers are expected to concentrate on introducing high-quality items, product development plans are expected to be designed with maintenance in mind. This aspect is expected to keep automotive engine air filter designs a key subject matter of interest amongst industry participants, which is likely to foster growth of the global automotive engine air filter market in the near future.

• Development of New Technologies Expected to Better New Filtration Systems

To get through the increasingly fierce competitive market, businesses in this market are anticipated to concentrate on the production of new technologies of filtration. To boost performance of the engine, innovations and market developments are focusing on improving the capability of particulate trapping. Market players are primarily concentrating their efforts on developing new technologies that would reduce airflow restriction, particle-removal quality, and improve dirt-holding capability. Although improving engine efficiency is likely to stay the primary goal, research is predicted to focus on the material type used throughout the system of filtration. Nano-fiber has evolved as an appropriate medium of filtration as a result of significant emphasis on enhancing filtration performance. The introduction of tier 4 engines has hastened the production of new media of filtration, which is anticipated to accelerate the growth of the market in near future.

Explore 314 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Automotive Engine Air Filter Market (Vehicle Type: Passenger Vehicle and Commercial Vehicle; Material Type: Paper, Cotton Gauze, Foam [Polyurethane], and Others; and Sales Channel: OEM and Aftermarket) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030 at https://www.transparencymarketresearch.com/automotive-engine-air-filter-market.html

Automotive Engine Air Filter Market: Growth Drivers

• The automotive engine air filter market is currently aimed at providing dust-free air to automobile’s engine compartment to better efficiency and consistency of the air-fuel mixture. The rich mixture offers improvement in automobile efficiency whilst consuming less fuel.
• Automakers are adapting to the strict rules and regulations relating to vehicle performance and emissions. Regulations enforced by various regulatory bodies and government authorities throughout Asia Pacific, Europe, and North America are being adopted widely.

Analyze Global Automotive Engine Air Filter Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Global Automotive Engine Air Filter Market: Key Competitors

• Robert Bosch GmbH
• Filtrak BrandT GmbH
• Fildex Filter Canada Corporation
• Donaldson Company, Inc.
• UFI Filter SpA.
• Mann+Hummels

Global Automotive Engine Air Filter Market: Segmentation

Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

Material Type

• Paper
• Cotton Gauze
• Foam [Polyurethane]

Sales Channel

• OEM
• Aftermarket

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Explore Transparency Market Research’s award-winning coverage of the Global  Automotive & Transport Industry:

Power-sports Batteries Market – Coupled with increasing investments toward the overall development of the electric vehicle infrastructure, the global power-sports batteries market is on the course to surpass the US$ 12.4 Bn mark by the end of 2030. 

Front-end Module Market – The front-end module market is expected to cross a value of US$ 100 Bn by 2030. OEMs are increasing efforts to offer full system solutions to automakers. With the help of manufacturing expertise in elastomer and polymer processing and highly specialized technology, companies are gaining competitive edge over other component suppliers.

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NEW YORK, March 8, 2021 /PRNewswire/ — Considering the growing rate of environmental degradation, governments around the world are offering tax concessions and purchase subsidies on electric vehicles (EV). As a result, the global electric scooter and motorcycle market size will increase from $5,913.9 million in 2019 to $10,529.7 million by 2025, at a 14.4% CAGR between 2020 and 2025, according to the market research study published by P&S Intelligence. Since these automobiles do not have an internal combustion engine (ICE), they are gaining widespread public support.

These supportive measures are key for the growth of the electric scooter and motorcycle market, as these vehicles are presently more expensive than their gasoline counterparts. Therefore, making them cost-effective is imperative to increase their adoption among the masses, especially in developing countries, such as India and China.

Key Findings of Global Electric Scooter and Motorcycle Market Report

• Demand for electric motorcycles to rise faster than for scooters
• Financial support important for market growth
• Last-mile delivery and ride-hailing services key opportunity areas
• Electric two-wheelers being increasingly bought via online channels
• Automakers launching new electric two-wheeler models
• Europe most-lucrative region for market players

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During the COVID-19 pandemic, the electric scooter and motorcycle market has been affected negatively, as the lockdowns and restrictions on non-essential movement have led to low or no production of automobiles around the world. Moreover, with the widespread economic distress because of salary cuts and unemployment, people are not spending on unimportant things, such as automobiles.

In the coming years, the scooter bifurcation is expected to continue dominating the electric scooter and motorcycle market, on the basis of product. Scooters are already cheaper than motorcycles, and more models of the former are available in the market.

The lithium-ion (Li-ion) bifurcation will witness the higher value CAGR in the electric scooter and motorcycle market, of 23.2%, based on battery type, in the near future. Compared to a sealed lead–acid (SLA) battery, Li-ion variants can carry more charge, therefore offer a longer driving range. In addition, these batteries are lightweight, smaller, and safe to dispose of, and they are also witnessing a fall in their prices.

Browse detailed report with COVID-19 impact analysis on Electric Scooter and Motorcycle Market Research Report: By Product (Scooter, Motorcycle), Battery Type (SLA, Li-ion), Voltage (36 V, 48 V, 60 V), Technology (Plug-in, Battery) – Global Industry Analysis and Growth Forecast to 2025 @ https://www.psmarketresearch.com/market-analysis/electric-scooter-and-motorcycle-market

In the past, the 48 V category held the largest share in the electric scooter and motorcycle market, under segmentation by voltage. Compared to two-wheelers with batteries of other voltage ratings, those with 48-V batteries offer the highest benefit relative to their cost, which leads to the strongest preference for them.

Plug-in has been the larger category under the technology segment of the electric scooter and motorcycle market till now. Such two-wheelers are cost-effective and easy to charge, requiring to be simply plugged into a domestic electricity socket.

Asia-Pacific (APAC) is the most-productive electric scooter and motorcycle market, on account of the rising per capita income, rapid urbanization, and strong government support for EVs. In the years to come, the fastest growth in the market is projected to be witnessed by Europe, due to the rising environmental concerns forcing the regional governments to focus on a carbon-free economy.

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Major players in the global electric scooter and motorcycle market are Yadea Technology Group Co. Ltd., Zero Motorcycles Inc., BMW AG, Terra Motors Co. Ltd., AIMA Technology Group Co. Ltd., GOVECS Group, Energica Motor Company S.p.A., Mahindra GenZe, Hero Electric Vehicles Pvt. Ltd., Vmoto Ltd., TORROT ELECTRIC EUROPA S.A., Gogoro Inc., Kwang Yang Motor Co. Ltd., Niu Technologies, unu GmbH, Askoll EVA SpA, cutum Logistic S.L., Lightning Motors Corp., and Piaggio & C. SpA.

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https://www.psmarketresearch.com/market-analysis/north-america-electric-scooters-and-motorcycles-market

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https://www.psmarketresearch.com/market-analysis/apac-electric-scooters-and-motorcycles-market

About P&S Intelligence

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