The Home Depot to Donate $1 Million to Support Campus Improvements at Historically Black Colleges and Universities

ATLANTA, Feb. 16, 2021 /PRNewswire-HISPANIC PR WIRE/ – The Home Depot ® will contribute $1 million in grants to support campus improvements at Historically Black Colleges and Universities (HBCUs) through its annual Retool Your School program, for which voting is now open. Established in 2009, the program has emphasized HBCUs’ vital role in the American higher education system. This year, the home improvement retailer is doubling its Retool Your…

ATLANTA, Feb. 16, 2021 /PRNewswire-HISPANIC PR WIRE/ – The Home Depot ® will contribute $1 million in grants to support campus improvements at Historically Black Colleges and Universities (HBCUs) through its annual Retool Your School program, for which voting is now open. Established in 2009, the program has emphasized HBCUs’ vital role in the American higher education system. This year, the home improvement retailer is doubling its Retool Your School commitment to fund 30 projects, providing $20,000 to $75,000 grants per school. 

The Home Depot logo.

HBCU students, alumni and advocates can vote for their favorite HBCUs through Twitter and Instagram using the school’s designated hashtag found at retoolyourschool.com or through the voting portal also on the website. There are three school clusters, based on student population, and the ten schools with the most votes per cluster will be awarded the campus improvement grants. Voting is unlimited and ends on March 15, 2021 at 11:59 a.m. EST.

«Since 2009, The Home Depot has continued to increase its investment in campus improvements for HBCUs,» said Derek Bottoms, chief diversity, equity & inclusion officer for The Home Depot. «In addition to other HBCU initiatives supported by The Home Depot over the years, we are doubling our Retool Your School commitment to $1 million for 2021. We are ensuring that, upon their return to campus, HBCU students have an upgraded environment that enhances their educational experience as they progress on their journey to become the next generation of leaders.»

Retool Your School has provided more than $3.1 million for 117 sustainable campus improvement projects for 87% of the nation’s HBCUs. In total, more than 36 million votes have been cast in support of participating schools. 

Winners will be announced in April 2021. For more information on The Home Depot’s Retool Your School, visit retoolyourschool.com.

About The Home Depot 
The Home Depot is the world’s largest home improvement specialty retailer, with 2,296 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2019, The Home Depot had sales of $110.2 billion and earnings of $11.2 billion. The company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index. 

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SOURCE The Home Depot

3M to Invest $1 Billion to Achieve Carbon Neutrality, Reduce Water Use, and Improve Water Quality

ST. PAUL, Minn., Feb. 16, 2021 /PRNewswire/ — 3M (NYSE: MMM) today announced it expects to invest approximately $1 billion over the next 20 years to accelerate new environmental goals: achieve carbon neutrality by 2050, reduce water use by 25% at its facilities, and return higher quality water to the environment after use in manufacturing operations.

«As we grow 3M, we will lead in environmental…

ST. PAUL, Minn., Feb. 16, 2021 /PRNewswire/ — 3M (NYSE: MMM) today announced it expects to invest approximately $1 billion over the next 20 years to accelerate new environmental goals: achieve carbon neutrality by 2050, reduce water use by 25% at its facilities, and return higher quality water to the environment after use in manufacturing operations.

«As we grow 3M, we will lead in environmental stewardship, social equity and justice, and corporate governance,» said 3M chairman and CEO Mike Roman. «We are taking action now to bend the curve on carbon emissions and water use, and improve water quality. Our investments will make us more effective and efficient and drive growth. Today’s announcements demonstrate again how 3M applies science to improve lives to help shape the world through cleaner air, better water quality, and less waste.»

The company’s long-term investments will help advance waste reduction and pollution control programs, reduce water usage, and acquire and apply best available technology. The investments further accelerate 3M’s continuous improvement of its manufacturing operations and ability to deliver on its environmental goals.

«It is great to see 3M come out with a set of clear and focused targets for climate and water,» said Peter Bakker, president and CEO of World Business Council for Sustainable Development. «The science-based approach to innovation in 3M’s portfolio will not only improve the company’s own footprint, but also positions them uniquely to benefit from the global transformation towards a net-zero world.»

3M is Going Carbon Neutral by 2050

By applying science and technological expertise, 3M expects to further reduce carbon emissions, aiming for a 50% reduction by 2030, an 80% reduction by 2040, and 100% carbon neutrality in its operations by 2050.13M will continue to work collaboratively with customers, governments, and global partners to reduce emissions beyond 3M’s operations through its continued invention and introduction of innovative products and solutions.

«3M’s new carbon neutrality commitment builds upon their pledge to renewable electricity as a member of RE100,» said Amy Davidsen, executive director, North America at The Climate Group. «3M has consistently surpassed interim targets along their renewable journey, and their science-based approach has allowed them to set even more ambitious sustainability goals. 3M continues to demonstrate what leadership truly looks like and should serve as an inspiration for more companies to take action.»

Starting this year, as part of its ongoing review of its manufacturing facilities, 3M will also work to ensure all operations become best in class for minimizing emissions that can be produced during manufacturing operations.

«We are bringing our innovation to bear on the climate challenges we all face, so we can more rapidly bend the curve on carbon emissions and water use,» said Roman. «Since 2000, while continuing to grow our company, we’ve significantly reduced our greenhouse gas emissions, our global headquarters is completely powered by renewable electricity, and we are advancing our goal of reducing waste globally by targeting it at the source—working to eliminate single-use plastics and converting more facilities to zero landfill status.»

3M is Reducing Water Use and Improving Water Quality

3M is committed to reducing water use at its worldwide manufacturing facilities over the next decade. As it is in carbon emissions, 3M is taking immediate steps to drive reductions in water use in the coming months and over the longer-term: a 10% reduction in water use by 2022, a 20% reduction by 2025, and a 25% reduction by 2030.1

3M expects to install state-of-the-art water purification technology by the end of 2023 and be fully operational by 2024 at all of its largest water-using locations. This will enable the company to return even higher quality water to the environment after its use in manufacturing operations. The company will use its expertise and advanced technology to remove impurities from the water it uses.

«3M is a long-standing supporter and promoter of conservation efforts globally, and a leading innovator and provider of the technologies and solutions that allow both their customers and governments to achieve their sustainability goals,» said David Barron, founder, International Conservation Caucus Foundation (ICCF). «ICCF is excited to see that 3M has moved to the forefront of global sustainability efforts with today’s announcement of both a detailed plan to achieve net zero emissions by 2050 and a significant reduction in water utilization. This commitment by such an important leader in industry will surely encourage other corporate leaders to follow suit.» 

Through its efforts, 3M expects to reduce its overall water usage by 2.5 billion gallons (about 9.5 billion liters) per year. The new commitments build upon the company’s existing 2025 goal of engaging with all of the water-stressed/scarce communities where it manufactures on community-wide approaches to water management.

«We are proactively reviewing our manufacturing facilities, going plant by plant to make investments and updates that will go beyond what is required, and at the same time further improve our operations,» said Roman. «We are applying 3M technologies at a broad scale, which allows us to do more to reduce, restore and reuse the water in our manufacturing processes. We are offering our experience and expertise to communities so we can help others achieve better water quality.»

3M is Committed to Leadership in Sustainability and ESG

3M’s ongoing efforts in sustainability and environmental stewardship date back decades and include the creation of the Pollution Prevention Pays program that has prevented over two million tons of pollution. In 2015, the company introduced its ambitious 2025 Sustainability Goals which focus on how 3M science drives change for a more sustainable future.

Building on the company’s global capabilities and diverse technologies, 3M products drive positive environmental impact around the world. Examples include:

  • Semiconductor and electronics: 3M products enable more efficient semiconductor manufacturing and improve the performance and lifespan of electronic devices as we move toward a paperless world.
  • Recycled content and plant-based materials: 3M is helping expand the supply chain and demand for recycled materials by making products with post-consumer recycled content and leading plant-based material innovation in iconic everyday products like Scotch™ tape, Post-it™ Notes, and Scotch-Brite™ sponges.
  • Automotive electrification: 3M materials for assembling and light-weighting, like glass bubbles, are powering the next generation of vehicles and battery technologies, helping shed pounds per vehicle and enabling better overall fuel economy and battery range.
  • Energy efficient buildings: 3M window film solutions help keep the heat out and the cool air in, making buildings more efficient and reducing the energy needed to heat and cool the places where people live and work.
  • Renewable energy: 3M films, tapes, and adhesive technologies help solar panels capture more light, increasing efficiency, and help protect wind turbine blades against weathering and harsh environments, ultimately enhancing reliability, extending life, and improving the performance.
  • Improving indoor air quality: Filtrete™ room air purifiers and heating and cooling solutions help capture airborne particles, including dust, lint, pet dander, and bacteria, reducing indoor air pollutants and making homes and workplaces safer.

12019 will be the baseline measure year for these new commitments.

Forward-Looking Statements

This news release contains forward-looking information about 3M’s financial results and estimates and business prospects that involve substantial risks and uncertainties. You can identify these statements by the use of words such as «anticipate,» «estimate,» «expect,» «aim,» «project,» «intend,» «plan,» «believe,» «will,» «should,» «could,» «target,» «forecast» and other words and terms of similar meaning in connection with any discussion of future operating or financial performance or business plans or prospects. Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, regulatory, international trade and other external conditions and other factors beyond the Company’s control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) risks related to public health crises such as the global pandemic associated with the coronavirus (COVID-19); (3) foreign currency exchange rates and fluctuations in those rates; (4) liabilities related to certain fluorochemicals, including lawsuits concerning various PFAS-related products and chemistries, and claims and governmental regulatory proceedings and inquiries related to PFAS in a variety of jurisdictions; (5) legal and regulatory proceedings and legal compliance risks involving the Company and/or third parties, including significant developments that could occur in the legal and regulatory proceedings described in the Company’s Annual Report on Form 10-K for the year ended Dec. 31, 2020, and any subsequent quarterly reports on Form 10-Q (the «Reports»); (6) competitive conditions and customer preferences; (7) the timing and market acceptance of new product offerings; (8) materials vulnerability and the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions, manufacturing site disruptions (including those caused by natural and other disasters and other events); (9) problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company’s information technology infrastructure; (10) the impact of acquisitions, strategic alliances, divestitures and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (11) operational execution, including scenarios where the Company generates fewer productivity improvements than estimated; (12) financial market risks that may affect the Company’s funding obligations under defined benefit pension and postretirement plans; (13) the Company’s credit ratings and its cost of capital; and (14) tax-related external conditions, including changes in tax rates, laws or regulations. Changes in such assumptions or factors could produce significantly different results. A further description of these factors is in the Reports under «Cautionary Note Concerning Factors That May Affect Future Results» and «Risk Factors» in Part I, Items 1 and 1A (Annual Report) and in Part I, Item 2 and Part II, Item 1A (Quarterly Reports), as updated by applicable Current Reports on Form 8-K. The information contained in this news release is as of the date indicated. The Company assumes no obligation to update any forward-looking statements contained in this news release as a result of new information or future events or developments.

About 3M

At 3M, we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world. Learn more about 3M’s creative solutions to global challenges at www.3M.com or on Twitter @3M or @3MNews.

3M (PRNewsfoto/3M)

 

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SOURCE 3M

According to Fluoride Action Network, the NAS strengthens findings on fluoride’s neurotoxicity

NEW YORK, Feb. 16, 2021 /PRNewswire/ — The Fluoride Action Network (FAN), a non-profit group dedicated to education on fluoride’s toxicity, finds that the National Academies of Sciences’ (NAS) recent <a target="_blank"…

NEW YORK, Feb. 16, 2021 /PRNewswire/ — The Fluoride Action Network (FAN), a non-profit group dedicated to education on fluoride’s toxicity, finds that the National Academies of Sciences’ (NAS) recent peer-review of the National Toxicology Program’s (NTP) revised report, strengthens the NTP’s conclusion that «fluoride is presumed to be a cognitive neurodevelopmental hazard to humans» lowering the IQ of children.

FAN agrees with the NAS that the NTP should place «more emphasis» on the «marked consistency» of the evidence:

«… 44 of the 46 studies … indicate an association between higher fluoride exposures and lower IQ. Those results highlight the marked consistency in the current epidemiologic literature on fluoride and childhood IQ.»

FAN adds that its own analysis indicates 15 of the 17 highest quality lower-dose studies most relevant to water fluoridation demonstrated the same «marked consistency» as did higher-exposure studies. 

FAN agrees with the NAS that NTP should not make definitive statements about fluoride’s effects at low doses until a «dose-response» analysis has been performed. This has been falsely interpreted by fluoridation defenders to imply that that lower doses are not neurotoxic!

In reality, the best human studies (Bashash 2017, 2018; Green 2019; Till 2020) have found neurotoxic harm to occur at current exposure levels for people living in fluoridated communities. When FAN and others have used the methods advocated by the NAS they predict a safe reference dose (RfD) which is extremely low. A pre-print study by Grandjean et al. report a very low safe reference dose needed to protect the fetus. FAN’s analysis confirms their conclusion.

As far as exposure to the fetus or the bottle-fed infant is concerned, we believe, as with lead, there is «no safe level» for exposure to fluoride.

The NAS made numerous technical suggestions to improve the «clarity» of the document.  FAN agrees these would improve and strengthen the NTP report, but they are unlikely to alter the NTP’s conclusion that fluoride is a «presumed» developmental neurotoxicant.

According to Paul Connett, FAN director, «There is enough scientific evidence to conclude that both pregnant women and parents’ bottle-feeding infants, be warned to avoid fluoride. The only responsible thing now is for U.S. regulatory bodies to halt their support of water fluoridation. An immediate moratorium should be imposed so that no further damage is done to the mental development of children while further investigations are conducted.»

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SOURCE Fluoride Action Network

The Home Depot to Donate $1 Million to Support Campus Improvements at Historically Black Colleges and Universities

ATLANTA, Feb. 16, 2021 /PRNewswire/ — The Home Depot ® will contribute $1 million in grants to support campus improvements at Historically Black Colleges and Universities (HBCUs) through its annual Retool Your School program, for which voting is now open. Established in 2009, the program has emphasized HBCUs’ vital role in the American higher education system. This year, the home improvement retailer is doubling its Retool Your School…

ATLANTA, Feb. 16, 2021 /PRNewswire/ — The Home Depot ® will contribute $1 million in grants to support campus improvements at Historically Black Colleges and Universities (HBCUs) through its annual Retool Your School program, for which voting is now open. Established in 2009, the program has emphasized HBCUs’ vital role in the American higher education system. This year, the home improvement retailer is doubling its Retool Your School commitment to fund 30 projects, providing $20,000 to $75,000 grants per school. 

HBCU students, alumni and advocates can vote for their favorite HBCUs through Twitter and Instagram using the school’s designated hashtag found at retoolyourschool.com or through the voting portal also on the website. There are three school clusters, based on student population, and the ten schools with the most votes per cluster will be awarded the campus improvement grants. Voting is unlimited and ends on March 15, 2021 at 11:59 a.m. EST.

«Since 2009, The Home Depot has continued to increase its investment in campus improvements for HBCUs,» said Derek Bottoms, chief diversity, equity & inclusion officer for The Home Depot. «In addition to other HBCU initiatives supported by The Home Depot over the years, we are doubling our Retool Your School commitment to $1 million for 2021. We are ensuring that, upon their return to campus, HBCU students have an upgraded environment that enhances their educational experience as they progress on their journey to become the next generation of leaders.»

Retool Your School has provided more than $3.1 million for 117 sustainable campus improvement projects for 87% of the nation’s HBCUs. In total, more than 36 million votes have been cast in support of participating schools. 

Winners will be announced in April 2021. For more information on The Home Depot’s Retool Your School, visit retoolyourschool.com.

About The Home Depot 
The Home Depot is the world’s largest home improvement specialty retailer, with 2,296 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2019, The Home Depot had sales of $110.2 billion and earnings of $11.2 billion. The company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index. 

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SOURCE The Home Depot

S&P Global makes over 9,000 ESG Scores publicly available to help increase transparency of corporate sustainability performance

NEW YORK, Feb. 16, 2021 /PRNewswire/ — S&P Global (NYSE: SPGI) launched a new public webpage highlighting S&P Global’s full suite of environment, social and governance (ESG) solutions, and for the very first time, access to S&P Global ESG Scores on 9,200 companies. S&P Global ESG Scores are the key…

NEW YORK, Feb. 16, 2021 /PRNewswire/ — S&P Global (NYSE: SPGI) launched a new public webpage highlighting S&P Global’s full suite of environment, social and governance (ESG) solutions, and for the very first time, access to S&P Global ESG Scores on 9,200 companies. S&P Global ESG Scores are the key factor for selecting companies for the Dow Jones Sustainability Indices (DJSI). The underlying data is also used as one of the analytical tools for a growing series of S&P ESG indices and S&P Global Market Intelligence Portfolio ESG Analytics, as well as being an entry point for the S&P Global Ratings ESG Evaluation.

Based on market demand for increased transparency into a company’s ESG profile, users can now search the widest coverage of ESG scores in the market. The publicly available S&P Global ESG Scores are a performance-based score ranging from 0-100 and include «E,» «S» and «G» dimension scores, peer comparisons, historical changes, and material ESG criteria data by industry. The score is informed by over 1,000 data points collected from both public sources and data provided directly by companies through the S&P Global Corporate Sustainability Assessment (CSA).

Martina Cheung, Head of ESG at S&P Global and President of S&P Global Market Intelligence said: «With increasing interest in ESG, reporting standards are evolving and market participants across every industry are looking to measure and manage ESG risks and opportunities. As one of the world’s most trusted data and analytics providers, S&P Global is committed to providing more transparent and comparable insights on ESG performance. The launch of publicly available S&P Global ESG Scores on over 9,000 companies, backed by the legacy of the CSA, will help increase dialogue and enable actionable decisions for all market participants.»    

The CSA, which is the basis for the S&P Global ESG Scores, is widely recognized as one of the most advanced ESG scoring methodologies and draws upon over 20 years of experience analyzing the impact of sustainability practices on a company’s long-term value creation. S&P Global ESG Scores are available on 9,200 companies, representing 95% of global market capitalization. 

Notable features on the new ESG webpage include:

  • An easy-to-use ESG Score finder with in-depth information on criteria and methodology.
  • The fully integrated S&P Global Sustainability Yearbook, one of the world’s most comprehensive publications providing in-depth analysis on corporate sustainability performance.
  • The ESG Product Finder, powered by Kensho and based on the S&P Global Marketplace storefront, features a suite of ESG product offerings from S&P Dow Jones Indices, S&P Global Market Intelligence, S&P Global Platts, S&P Global Ratings and S&P Global Trucost.

To learn more about S&P Global’s ESG solutions, please visit spglobal.com/esg.

About S&P Global

S&P Global is the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering deep data and insights on critical business factors including ESG. The Company’s divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts. S&P Global has approximately 21,000 employees in 35 countries. For more information visit www.spglobal.com.

Media Contact
Farhan Husain
Head of ESG Communications
Farhan.husain@spglobal.com

 

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SOURCE S&P Global

Ontario International Airport began 2021 with double-digit gain in cargo volume while pandemic continued to depress passenger numbers

ONTARIO, Calif., Feb. 16, 2021 /PRNewswire/ — Ontario International Airport (ONT) began 2021 just as it closed out 2020, with a double-digit increase in commercial freight volume while the COVID-19 pandemic continued to depress passenger numbers.

<a href="https://mma.prnewswire.com/media/1438749/Ontario_International_Airport_Southwest_737_and_UPS_A300.html" target="_blank"…

ONTARIO, Calif., Feb. 16, 2021 /PRNewswire/ — Ontario International Airport (ONT) began 2021 just as it closed out 2020, with a double-digit increase in commercial freight volume while the COVID-19 pandemic continued to depress passenger numbers.

January freight volume totaled more than 70,500 tons, a 15.6% increase compared to the same month last year and extending a trend of robust cargo shipments as Southern Californians continued to rely heavily on e-commerce to keep their households and businesses supplied. At the same time, shipments of mail more than doubled year-over-year to 3,225 tons.

«Cargo continued to be a source of strength in January like it was for all of 2020,» said Mark Thorpe, chief executive officer of the Ontario International Airport Authority. «Freight shippers continued to show great confidence in our ability to provide the infrastructure and facilities they needed to meet increasing demands on the e-commerce supply chain.»

January’s cargo volume continued a trend of double-digit growth at ONT, a leading North American carbo hub which saw freight tonnage increase by 10% or more in 10 different months last year.

In November, FedEx Express, a subsidiary of FedEx Corp. completed a $100 million investment in its ONT facilities, the centerpiece of which is a 251,000 square-foot complex with a sorting facility capable of handling 12,000 packages per hour, nine wide-body aircraft gates, 14 feeder aircraft gates and 18 truck docks. 

Air cargo

(tonnage)

January

2021

January

2020

Change

Freight

70,547

61,027

15.60%

Mail

3,225

1,587

103.23%

Total

73,772

62,614

17.82%

Meanwhile, passenger volume continued to be impacted by the pandemic as nearly 152,000 air travelers moved through ONT in January, 66% less than January 2020. More than 145,000 were domestic passengers and 6,475 were international fliers, decreases of 65% and 79%, respectively.

Thorpe expressed a note of optimism for higher passenger traffic this year, pointing out that airlines operating at ONT have announced plans to restart or initiate new flights to nine U.S. destinations by May while Colombia-based Avianca Airlines will begin service to El Salvador this summer. The Avianca route will be the first to Central America from the Inland Empire.

Passenger

Totals

January

2021

January

2020

Change

Domestic

145,385

423,643

-65.68%

International

6,475

30,896

-79.04%

Total

151,860

454,539

-66.59%

About Ontario International Airport
Ontario International Airport (ONT) is the fastest growing airport in the United States, according to Global Traveler, a leading publication for frequent fliers. Located in the Inland Empire, ONT is approximately 35 miles east of downtown Los Angeles in the center of Southern California. It is a full-service airport which, before the coronavirus pandemic, offered nonstop commercial jet service to 26 major airports in the U.S., Mexico and Taiwan. More information is available at www.flyOntario.comFollow @flyONT on Facebook, Twitter, and Instagram   

About the Ontario International Airport Authority (OIAA)
The OIAA was formed in August 2012 by a Joint Powers Agreement between the City of Ontario and the County of San Bernardino to provide overall direction for the management, operations, development and marketing of ONT for the benefit of the Southern California economy and the residents of the airport’s four-county catchment area. OIAA Commissioners are Ontario Mayor Pro Tem Alan D. Wapner (President), Retired Riverside Mayor Ronald O. Loveridge (Vice President), Ontario City Council Member Jim W. Bowman (Secretary), San Bernardino County Supervisor Curt Hagman (Commissioner) and retired business executive Julia Gouw (Commissioner).

OIAA Media Contact:
Steve Lambert, (909) 841-7527 slambert@flyontario.com

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SOURCE Ontario International Airport

Automotive Differential Market worth $23.2 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor,…

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor, Forklift), Component Aftermarket and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global Automotive Differential Market post-COVID-19 is projected to grow at a CAGR of 4.7% from 2020 to 2025. From a market size of USD 18.4 billion in 2020, it is projected to reach a market size of USD 23.2 billion by 2025.

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Browse in-depth TOC on «Automotive Differential Market»

230 – Tables
54 – Figures
212 – Pages

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AWD/4WD is estimated to be the largest segment in the Automotive Differential Market

AWD/4WD is estimated to be the largest as well as the fastest growing market for automotive differential during the forecast period. The AWD/4WD drive system differential market is mainly driven by growing demand for SUVs, increasing demand for improved vehicle safety, stability, and enhanced driving dynamics. The AWD/4WD systems find their applications majorly in the premium car segment and SUVs. Improving economic conditions, increasing industrialization, and improving the living standards of the consumers around the world has increased the demand for premium segment cars and SUVs. The AWD/4WD systems consist of two differentials; front and rear and hence, demand for differentials will increase with the growing demand of AWD/4WD systems in the vehicles.

Electronically controlled limited slip differential is estimated to have the fastest growth in the Automotive Differential Market

The Electronically Controlled Limited Slip Differential (ELSD) is seeing greater adoption rate owing to its better efficiency, unlike mechanical differentials. The ELSD serves the necessity of the mechanical components with more efficiency and durability. Also, it helps in improving the overall fuel efficiency and hence, fulfills several stringent emission norms that is the major factor leading towards the adoption of such components integrated in the vehicles.

Torque vectoring differential is the second fastest growing in the Automotive Differential Market. This differential has the ability to decide what torque needs to be applied to the wheels. The vehicle maintains its traction and does not slip even at higher speeds. Torque vectoring differential can send up to 100% of the available torque to a single wheel. The advantages offered by this differential makes it the most attractive opportunity for the manufacturers and thus, the market for torque vectoring differential will grow in future and therefore, the differential market.

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Asia Oceania is estimated to be the leading market for the Automotive Differential Market

The study considers countries such as China, Japan, India, South Korea, and Thailand in the Asia Oceania region. These countries are witnessing a huge population growth. With the availability of economic labor, lenient regulations for environment and safety, and increased FDI for the automotive industry in countries such as India, and growing demand for vehicles, OEMs, and system/component suppliers have shifted their focus to this region. Also, growing inclination toward all wheel and four wheel drives integrated vehicles in the Asian countries have increased the popularity of the off-road vehicles and sports cars. These vehicles are equipped with one or two differentials which ultimately increases the differential requirement per vehicle and hence, the Automotive Differential Market. According to MarketsandMarkets™ analysis and validations from primary respondents, Asia Oceania is estimated to be the largest market for small passenger cars, backed by high demand in the automotive industry. The requirement for a differential is dependent on vehicle production, thus, the passenger car differential market is expected to grow along with the production of passenger cars globally. However, the COVID-19 pandemic has affected automotive manufacturing hubs such as China and India, which has severely affected vehicle production and thereby hindered the growth of the Automotive Differential Market in 2020.

The Automotive Differential Market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers in the Automotive Differential Market are GKN (UK), Eaton (Ireland), American Axle (US), JTEKT (Japan), Dana (US), BorgWarner (US), Linamar (Canada), Schaeffler (Germany), ZF (Germany), and Continental (Germany).

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Thermal System Market for Automotive By Application (Front & Rear AC, Engine & Transmission, Seat, Steering, Battery, Motor, Power Electronics, Waste Heat Recovery), Technology, Electric & ICE Components, Vehicle Type and Region – Global Forecast to 2027

Air Suspension Market by Vehicle Type (LDV, Truck, Bus), Component (Air Spring, Shock Absorber, Compressor, ECU, Tank, Solenoid Valve, Height & Pressure Sensor), Technology (Electronic, Non-Electronic), Cab Suspension, Aftermarket, & Region – Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-differential-market.asp 
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/automotive-differential.asp

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Automotive Differential Market worth $23.2 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor,…

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor, Forklift), Component Aftermarket and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global Automotive Differential Market post-COVID-19 is projected to grow at a CAGR of 4.7% from 2020 to 2025. From a market size of USD 18.4 billion in 2020, it is projected to reach a market size of USD 23.2 billion by 2025.

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Browse in-depth TOC on «Automotive Differential Market»

230 – Tables
54 – Figures
212 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 57980081

AWD/4WD is estimated to be the largest segment in the Automotive Differential Market

AWD/4WD is estimated to be the largest as well as the fastest growing market for automotive differential during the forecast period. The AWD/4WD drive system differential market is mainly driven by growing demand for SUVs, increasing demand for improved vehicle safety, stability, and enhanced driving dynamics. The AWD/4WD systems find their applications majorly in the premium car segment and SUVs. Improving economic conditions, increasing industrialization, and improving the living standards of the consumers around the world has increased the demand for premium segment cars and SUVs. The AWD/4WD systems consist of two differentials; front and rear and hence, demand for differentials will increase with the growing demand of AWD/4WD systems in the vehicles.

Electronically controlled limited slip differential is estimated to have the fastest growth in the Automotive Differential Market

The Electronically Controlled Limited Slip Differential (ELSD) is seeing greater adoption rate owing to its better efficiency, unlike mechanical differentials. The ELSD serves the necessity of the mechanical components with more efficiency and durability. Also, it helps in improving the overall fuel efficiency and hence, fulfills several stringent emission norms that is the major factor leading towards the adoption of such components integrated in the vehicles.

Torque vectoring differential is the second fastest growing in the Automotive Differential Market. This differential has the ability to decide what torque needs to be applied to the wheels. The vehicle maintains its traction and does not slip even at higher speeds. Torque vectoring differential can send up to 100% of the available torque to a single wheel. The advantages offered by this differential makes it the most attractive opportunity for the manufacturers and thus, the market for torque vectoring differential will grow in future and therefore, the differential market.

Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 57980081  

Asia Oceania is estimated to be the leading market for the Automotive Differential Market

The study considers countries such as China, Japan, India, South Korea, and Thailand in the Asia Oceania region. These countries are witnessing a huge population growth. With the availability of economic labor, lenient regulations for environment and safety, and increased FDI for the automotive industry in countries such as India, and growing demand for vehicles, OEMs, and system/component suppliers have shifted their focus to this region. Also, growing inclination toward all wheel and four wheel drives integrated vehicles in the Asian countries have increased the popularity of the off-road vehicles and sports cars. These vehicles are equipped with one or two differentials which ultimately increases the differential requirement per vehicle and hence, the Automotive Differential Market. According to MarketsandMarkets™ analysis and validations from primary respondents, Asia Oceania is estimated to be the largest market for small passenger cars, backed by high demand in the automotive industry. The requirement for a differential is dependent on vehicle production, thus, the passenger car differential market is expected to grow along with the production of passenger cars globally. However, the COVID-19 pandemic has affected automotive manufacturing hubs such as China and India, which has severely affected vehicle production and thereby hindered the growth of the Automotive Differential Market in 2020.

The Automotive Differential Market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers in the Automotive Differential Market are GKN (UK), Eaton (Ireland), American Axle (US), JTEKT (Japan), Dana (US), BorgWarner (US), Linamar (Canada), Schaeffler (Germany), ZF (Germany), and Continental (Germany).

Browse Related Reports:

Thermal System Market for Automotive By Application (Front & Rear AC, Engine & Transmission, Seat, Steering, Battery, Motor, Power Electronics, Waste Heat Recovery), Technology, Electric & ICE Components, Vehicle Type and Region – Global Forecast to 2027

Air Suspension Market by Vehicle Type (LDV, Truck, Bus), Component (Air Spring, Shock Absorber, Compressor, ECU, Tank, Solenoid Valve, Height & Pressure Sensor), Technology (Electronic, Non-Electronic), Cab Suspension, Aftermarket, & Region – Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-differential-market.asp 
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/automotive-differential.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

Automotive Differential Market worth $23.2 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor,…

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor, Forklift), Component Aftermarket and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global Automotive Differential Market post-COVID-19 is projected to grow at a CAGR of 4.7% from 2020 to 2025. From a market size of USD 18.4 billion in 2020, it is projected to reach a market size of USD 23.2 billion by 2025.

MarketsandMarkets Logo

Browse in-depth TOC on «Automotive Differential Market»

230 – Tables
54 – Figures
212 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 57980081

AWD/4WD is estimated to be the largest segment in the Automotive Differential Market

AWD/4WD is estimated to be the largest as well as the fastest growing market for automotive differential during the forecast period. The AWD/4WD drive system differential market is mainly driven by growing demand for SUVs, increasing demand for improved vehicle safety, stability, and enhanced driving dynamics. The AWD/4WD systems find their applications majorly in the premium car segment and SUVs. Improving economic conditions, increasing industrialization, and improving the living standards of the consumers around the world has increased the demand for premium segment cars and SUVs. The AWD/4WD systems consist of two differentials; front and rear and hence, demand for differentials will increase with the growing demand of AWD/4WD systems in the vehicles.

Electronically controlled limited slip differential is estimated to have the fastest growth in the Automotive Differential Market

The Electronically Controlled Limited Slip Differential (ELSD) is seeing greater adoption rate owing to its better efficiency, unlike mechanical differentials. The ELSD serves the necessity of the mechanical components with more efficiency and durability. Also, it helps in improving the overall fuel efficiency and hence, fulfills several stringent emission norms that is the major factor leading towards the adoption of such components integrated in the vehicles.

Torque vectoring differential is the second fastest growing in the Automotive Differential Market. This differential has the ability to decide what torque needs to be applied to the wheels. The vehicle maintains its traction and does not slip even at higher speeds. Torque vectoring differential can send up to 100% of the available torque to a single wheel. The advantages offered by this differential makes it the most attractive opportunity for the manufacturers and thus, the market for torque vectoring differential will grow in future and therefore, the differential market.

Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 57980081  

Asia Oceania is estimated to be the leading market for the Automotive Differential Market

The study considers countries such as China, Japan, India, South Korea, and Thailand in the Asia Oceania region. These countries are witnessing a huge population growth. With the availability of economic labor, lenient regulations for environment and safety, and increased FDI for the automotive industry in countries such as India, and growing demand for vehicles, OEMs, and system/component suppliers have shifted their focus to this region. Also, growing inclination toward all wheel and four wheel drives integrated vehicles in the Asian countries have increased the popularity of the off-road vehicles and sports cars. These vehicles are equipped with one or two differentials which ultimately increases the differential requirement per vehicle and hence, the Automotive Differential Market. According to MarketsandMarkets™ analysis and validations from primary respondents, Asia Oceania is estimated to be the largest market for small passenger cars, backed by high demand in the automotive industry. The requirement for a differential is dependent on vehicle production, thus, the passenger car differential market is expected to grow along with the production of passenger cars globally. However, the COVID-19 pandemic has affected automotive manufacturing hubs such as China and India, which has severely affected vehicle production and thereby hindered the growth of the Automotive Differential Market in 2020.

The Automotive Differential Market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers in the Automotive Differential Market are GKN (UK), Eaton (Ireland), American Axle (US), JTEKT (Japan), Dana (US), BorgWarner (US), Linamar (Canada), Schaeffler (Germany), ZF (Germany), and Continental (Germany).

Browse Related Reports:

Thermal System Market for Automotive By Application (Front & Rear AC, Engine & Transmission, Seat, Steering, Battery, Motor, Power Electronics, Waste Heat Recovery), Technology, Electric & ICE Components, Vehicle Type and Region – Global Forecast to 2027

Air Suspension Market by Vehicle Type (LDV, Truck, Bus), Component (Air Spring, Shock Absorber, Compressor, ECU, Tank, Solenoid Valve, Height & Pressure Sensor), Technology (Electronic, Non-Electronic), Cab Suspension, Aftermarket, & Region – Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-differential-market.asp 
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/automotive-differential.asp

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SOURCE MarketsandMarkets

Frost & Sullivan Unveils the Future of User Interfaces Shaping New Consumer Experiences

Global augmented and virtual reality market is expected to reach $661.40 billion by 2025

SANTA CLARA, Calif., Feb. 16, 2021 /PRNewswire/ — Frost & Sullivan’s recent analysis, Future of User Interfaces Shaping New Consumer Experiences, finds that user interface (UI) technologies have moved beyond the concept of simply representing machines to their users to enabling sophisticated and personalized interaction. The COVID-19 pandemic has…

Global augmented and virtual reality market is expected to reach $661.40 billion by 2025

SANTA CLARA, Calif., Feb. 16, 2021 /PRNewswire/ — Frost & Sullivan’s recent analysis, Future of User Interfaces Shaping New Consumer Experiences, finds that user interface (UI) technologies have moved beyond the concept of simply representing machines to their users to enabling sophisticated and personalized interaction. The COVID-19 pandemic has accelerated their use in healthcare, manufacturing, education, retail, and banking to simplify interactivity and improve engagement. The global augmented/virtual reality (AR/VR) market is expected to reach $661.40 billion by 2025, at a compound annual growth rate (CAGR) of 86.3% from 2019 to 2025, driven by contactless commerce. Beyond 2030, AR and VR will merge, allowing users access to the total reality-virtuality continuum. Meanwhile, the global biometrics market revenue is forecast to reach $54.97 billion in 2025, with next-generation identification, palm vein and behavioral biometrics experiencing significant demand.

For further information on this analysis, please visit: http://frost.ly/5ag

«The need for adoption of new user interface (UI) technologies to alleviate challenges posed by the global pandemic is immediate but constrained by infrastructure issues such as a lack of 5G networks and capable devices,» said Murali Krishnan, Visionary Innovation Group Senior Industry Analyst at Frost & Sullivan. «For futuristic UIs to become ubiquitous, security and privacy will be critical. Organizations must prioritize cybersecurity, business continuity plans, and risk assessments. Further, the transition to the fifth generation of wireless technology will be critical to the success of UI devices. Its ability to connect 1 million devices for every square kilometer will make 5G the backbone for UI devices and overall connected ecosystems.»

Krishnan added: «UI technologies will be an important component in the shift from the office to a virtual workplace that is mobile and more flexible, while interactive interfaces have expanded the scope of businesses to engage with their customers and build deep relationships. Technological advances in mixed reality, holographic displays, computer vision and wearables will create new application opportunities.»

New technologies will drive growth opportunities in the short term as the adoption rate for user interfaces rises and organizations realize the productivity gains created by UI technologies:

  • Biometric technologies: With vendors integrating biometric technologies with AI and machine learning, there is a strong market for high-end biometric interfaces in the public and commercial sectors. A combination of iris, vein, fingerprint, facial recognition and voiceprint interfaces for verification will offer additional security without compromising the user experience.
  • Digital twins: An estimated four out of five IoT platforms will employ digital twins over the next five years, propelling the global digital twin market to expand at a strong CAGR of 47.0% between 2019 and 2025. Retail, automotive, healthcare, manufacturing, energy and smart cities will benefit. Successful implementations will require high-speed communication networks and no service disruptions.
  • Brain-machine interface: Neural interfaces could have a significant impact on the restoration of vision and hearing, treatment of mental health disorders, and alleviating pain through electrical stimuli by focusing on the appropriate areas of the brain. In addition, the gaming community is pioneering new gaming control mechanisms based on brain signals utilizing electroencephalography (EEG) headsets.
  • AR/VR: By 2025, China is expected to lead the VR market, with investments pouring into patents, standards and products. AR, VR and robotics will merge to develop VR robots, which will have a huge impact on manufacturing, retail, security, healthcare and defense. In particular, AR/VR market revenue for manufacturing, robotics and the engineering supply chain is expected to reach $161.29 billion by 2025.

Future of User Interfaces Shaping New Consumer Experiences is the latest addition to Frost & Sullivan’s Visionary Innovation Group research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion

Future of User Interfaces Shaping New Consumer Experiences
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Contact:

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Global Corporate Communications
E: Francesca.Valente@frost.com
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SOURCE Frost & Sullivan