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Technological Advancements in Pedelec Systems Define Future of the Pedelec Market

April 23, 2019 by Steve Blade  

The Fact.MR study provides comprehensive information on growth parameters of the pedelec market for the period between 2018 and 2027. The report provides detailed analysis on important macro and microeconomic factors that will be instrumental in shaping the pedelec market during the forecast period.

The Fact.MR study also provides readers with actionable insights on recent developments in the pedelec market, along with lucrative opportunities for stakeholders, including pedelec manufacturers and distributors, and growth prospects of the pedelec market. Accurate and reliable estimates about quantitative conclusions about the growth of the pedelec market are featured in the Fact.MR report on pedelec market.

The pedelec market will surpass US$ 26 billion to record a healthy 3.1% y-o-y in 2019, reveals the latest market report published by Fact.MR. The study finds that consumer mindset inclined towards adopting sustainable modes of transportation will provide a fillip to growth of the pedelec market in the upcoming years. The study thoroughly assesses growth parameters of the pedelec market to provide actionable insights for market players to plan salient business strategies for the coming future.

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Environmental and Physical Benefits of Using Pedelecs Improve Their Sales Potential

With the growing awareness about negative effects of internal combustion engines in conventional vehicles on the environment, consumers are making a shift away from petrol/diesel vehicles. Unlike CI engines in vehicles, pedelecs generate no harmful emissions and do not contribute to air pollution, thereby, providing a sustainable mode of transportation. The environmental relevance of pedelecs is one of the most important factors accelerating growth of the pedelec market.

Intelligence obtained from opinion leading stakeholders in the pedelec market and industry experts in the electric bicycles industry have been extrapolated in the Fact.MR report on pedelec market. Acquiring industry-validated and reliable data has enabled Fact.MR analysts to complete this insightful and value-based research report on the metal packaging coatings market. The report offers an in-depth assessment and nearly-accurate conclusions on the pedelec market, which are based on this market research methodology that involves comprehensive primary and secondary research approaches.

Market Structure

The holistic assessment on market dynamics featured in the Fact.MR report on pedelec market is based on several segments of the pedelec market for the better understanding of readers. The pedelec market is divided into four segments – battery types, product types, motor topology, and regions.

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Safety Concerns about Pedelecs are Triggering Stringent Regulatory Actions Worldwide

The pedelec market has been witnessing positive growth since the past few years, however, with the increasing sales of pedelecs across the world, governing bodies have developed some standards and regulations to ensure safety of the bicycles. Governing organizations across the globe have developed some legal criteria that all the pedelecs manufactured and marketed must conform to, which have influenced pedelec market players to modify their salient business strategies.

The report focuses on recent company developments in the pedelec market by providing critical information about leading market players. The report provides a comprehensive list of pedelec market players such as Giant Bicycle Inc., Yamaha Corporation, Derby Cycle AG, M1-Sporttechink, Helkama Velox, Pedego Electric Bikes, Magnum Bikes USA, Panther International GmbH, Visiobike, and BH Bikes.

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Off-Road Vehicles Market to Register 4.8% Growth during 2018-2027

April 23, 2019 by Steve Blade  

Fact.MR offers a 10-year forecast for the Off-Road Vehicles between 2018 and 2027. In terms of value, the Off-Road Vehicles market is expected to register a CAGR of 4.8% during the forecast period (2018–2027). The study offers key trends that are currently influencing the growth of the offroad vehicles market. This newly published and insightful report shed light on key dynamics, which are expected to transform future of the off-road vehicles market, in turn, creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of
off-road vehicles.

Upsurge in the recreational and sports activities across the world is anticipated to propel off-road vehicles market over the forecast period. Increasing urban population coupled with growth youth inclination towards motorsports activities will augment product penetration across the globe. Countries including the U.S, Canada, UK, France and Australia are taking initiatives to flourish outdoor activities such as hunting and trail driving. The U.S. Recreation Department offers over 150,000 miles of trails and around 440 wilderness areas, attracting participants, thereby augmenting the off-road vehicles market share from 2018 to 2027.

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On the basis of vehicle type, the Off-Road Vehicles market can be segmented into:

  • All-terrain vehicles (ATV)
  • Side by side vehicles (SSV)
  • Off-road motorcycles
  • Snowmobiles

On the basis of fuel, the Off-Road Vehicles market can be segmented into:

  • Diesel
  • Gasoline
  • Electric

On the basis of application, the Off-Road Vehicles market can be segmented into:

  • Utility
  • Sports
  • Recreation
  • Military

 

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The sections, by vehicle type, by fuel, and by the application in the off-road vehicles market evaluate the present scenario as well as growth prospects of the regional off-road vehicles market for 2018–2027. The North America Off-Road Vehicles market has been estimated to dominate the off-road vehicles market by value owing to the high cost and growing demand, accounting for a maximum revenue share of the market by 2018 end. Europe and APEJ off-road vehicles markets are expected to account for over 40% collaborative revenue share, of the global off-road vehicles market by 2027 end. Among the emerging markets, the APEJ Off-Road Vehicles market is estimated to exhibit a significant CAGR of more than 5.0% over the forecast period, followed by North America with a CAGR of about 4.0%.

Fact.MR has profiled some of the most prominent company’s active in the global off-road vehicles market such as Arctic Cat Inc., Honda Motor Co. Ltd., Deere & Company, Kawasaki Motors Corp., Kubota Corporation, Polaris Industries Inc., Suzuki Motors Corporation, Yahama Motor Co., Ltd., Bombardier Recreational Products, Kässbohrer Geländefahrzeug, Textron Specialized Vehicles Inc., Wildcat Automotive, Massimo Motor Sports, LLC., KTM AG and Mahindra & Mahindra Ltd. The key market players in the off-road vehicles market are focusing on product development and collaboration. Vendors in the off-road vehicles market are focusing on developing technological advanced and innovative solutions that can meet the changing customer requirements. Recently, in 2018, Polaris Industries Inc. launched advanced 2019 product line-up of their off-road vehicles including the RANGER, RZR, GENERAL and Sportsman series.

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Motorcycle Suspension System Market: Proliferating Two-Wheeler Sales to fuel Growth of the OEM Manufacturing Units

April 23, 2019 by Steve Blade  

The recently released study by Fact.MR titled ‘Motorcycle Suspension System Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2028 ’ provides indepth and valuable insights into the motorcycle suspension system market. The report offers a comprehensive assessment of all the different market segments which include market dynamics, competition analysis, value chain, pricing analysis, industry growth analysis, and thorough analysis on the regional growth of the market on the basis of different segments. A detailed opportunity
assessment has also been included in the report in addition to the profiling of leading players operating in the motorcycle suspension system market.

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Growing two-wheeler sales coupled with worsening transport infrastructure and growing fuel prices around the world are expected to bolster the growth of the motorcycle suspension systems market. A recent study released by Fact.MR estimates that the factors will aid the growth of the global motorcycle suspension system market which is anticipated to cross the US$ 1.5 million valuation mark in 2020.

Another vital reason behind the substantial rise in revenue generated by OEMs is the presence of leading multinational OEM brands in developing regions. Further, the per capita rise in the disposable income of the population in the region is causing a surge in the demand for high-powered scooters and motorcycles. The growth of the electric bike sector in the European region is also estimated to boost the demand for motorcycle suspension systems.

OEMs continue to bank on using passive suspension systems in two-wheelers owing to their simple design and durability. Demand for independent front suspension is estimated to remain high in the foreseeable future owing to the system providing an assortment of benefits such as better handling, steering, cornering, and stability while providing more comfort while riding the bike. In addition to this, its lightweight components do not add additional mass to the vehicle.

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https://www.factmr.com/report/2992/motorcycle-suspension-system-market

Bolstering industrial production, developing economies, and a steady proliferation of the automotive industry in APEJ are estimated to drive the growth of the motorcycle suspension system market in the region. The factors are anticipated to make APEJ the biggest market for the motorcycle suspension system market both in terms of volume and value. The motorcycle suspension system market in the Western European region is expected to steadily gain traction on the back of anticipated growth in the manufacturing and evolving automotive sector in the area. The motorcycle suspension system market is expected to grow at a moderate rate in the other regions around the world.

Recent times have seen a comprehensive increase in the sales of two-wheelers around the world which, in turn, is boosting the demand for suspension systems. A substantial increase in the demand for two-wheelers can be attributed to the absence of last mile connectivity to rural areas. In addition to this, the relative affordability of two-wheelers makes this form of transportation an attractive option for consumers which has given rise to a trend of having multiple two-wheelers in a single household.

Some of the key players operating in the motorcycle suspension system market are Duro Shox Pvt. Ltd., BMW Motorrad, Gabriel India Ltd., KYB Corporation, Progressive Suspension Inc., Nitron Racing Shocks, ZF Friedrichshafen AG, SHOWA Corporation, K-Tech Suspension, Inc., WP-Group, Ohlins USA, Nitron Racing Shocks, BITUBO S.r.l., Tractive Suspension, ABE Bike Engineering, RST Suspension, Traxxion Dynamics, Mupor Srl, and Marzocchi Moto.

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Regional Players Continue to Hold Bulk Shares of Marine Seats Market

April 23, 2019 by Steve Blade  

The report on the marine seats market provides actionable insights into the marine seats market. It highlights the key dynamics that influence the performance of the marine seats market. Moreover, the report on the marine seats market provides an accurate forecast of the marine seats market in addition to a comprehensive analysis of the marine seats market performance in the recent past. Additionally, the report on marine seats market provides a detailed competitive landscape assessment of the marine seats market.

The Fact.MR report tracks the marine seats market for the period 2018-2028. According to the report, the marine seats market is projected to grow at 4.6% CAGR through 2028.

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Enhanced Comfort and Aesthetics Continue to Remain Developmental Focus Areas of Marine Seats Manufacturers

Comfortable marine seating has been gaining a significant palpability in the recent past, which has prompted marine seats market players to focus on developing novel solutions, keeping consumer convenience at the forefront. Sailors and crew onboard marine vessels have been complaining of developing back problems, and sustaining injuries due to the pounding impact of waves even in shallow waters.

Surveys have suggested absence of stable seating in boats to create problems for sailors even while navigating in calm waters. Water sporting events such as water skiing and paragliding require boats to travel at great speeds, which increases the susceptibility of drivers getting injured during the process.

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Market Structure

The report on marine seats market is segmented on the basis of seat type, frame material, configuration, foldability, sales channel, boat type, boat size, and region.

On the basis of seat type, the marine seats market can be segmented into ferry seats, bucket seats, leaning posts, helm seats, bench seats, fishing seats, and others.

Based on the configuration, the marine seats market can be segmented into seats with armrest and without armrest.

On the basis of the sales channel, the marine seats market can be segmented into direct procurement, online channels, and specialty retail channel.

The study estimates that demand for boats in Europe will continue to burgeon, as the European Union is increasingly converging its efforts towards enhancing the coastal and maritime tourism in the continent. In addition, the presence of multiple inland waterways and the region’s proximity to marine waters is estimated to play a vital role in the proliferation of the marine seats market.

According to a recent report by the European Boating Industry, more than 48 Mn people participate in water sports in the region every year, a figure which is gradually increasing. France, Italy, the UK, and Germany are the main countries contributing significantly to the robust market growth in the continent.

Some of the prominent marine seats market players profiled in the report include Leader Accessories LLC, Wise Seats, Moeller Marine Products, Attwood Marine Products, DeckMate Boat Seats, Springfield Marine Company, Todd Marine Products, Tempress, Lipper Components Inc., Taco Marine, Grammer Group, Hansen Protection, Viotap Marine Products, Oceansouth Australia, and SanHui. 

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Lane Departure Warning System Market: Passenger Cars to Drive the Demand 

April 23, 2019 by Steve Blade  

Fact.MR published an exclusive forecast report for the lane departure warning system market between 2018 and 2027. The foremost objective of this report on lane departure warning system market  is to pitch spearhead insights on market scenario, demand generators and technological advancements in lane departure warning system market. Also, the study on lane departure warning system market addresses key dynamics are expected to diversify the sales and future prominence of lane departure warning system market.

The demand for alert system segment of lane departure warning system market is estimated to grow at a significant rate during the forecast period. The lane keeping system segment of the lane departure warning system is growing at a relatively slower pace as compared to alert system. The slow growth for the lane keeping system in the market is due to the high price of the system and availability of the system in the premium vehicles. The alert system is lower priced and available in mid-size, luxury, premium cars along with the commercial vehicle. Therefore, it holds more than 70% share in terms of value in  2018.

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Alert System sub-segment of Lane Departure Warning System is estimated to dominate the market

The demand for alert system segment of lane departure warning system market is estimated to grow at a significant rate during the forecast period. The lane keeping system segment of the lane departure warning system is growing at a relatively slower pace as compared to alert system. The slow growth for the lane keeping system in the market is due to the high price of the system and availability of the system in the premium vehicles. The alert system is lower priced and available in mid-size, luxury, premium cars along with the commercial vehicle. 

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The lane departure warning system market has been evaluated across primary regions such as North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ) and Middle East & Africa (MEA). Lane departure warning system market in APEJ is expected to witness promising growth over the forecast period. The market for lane departure warning system in APEJ is estimated to grow at a significant CAGR and will represent a substantial incremental dollar opportunity during the forecast period.

Competition Dashboard

The competitive landscape section of the lane departure warning system market delivers the most insightful information regarding the key market players, their relative global position and business strategies. The market for the lane departure warning system is estimated to grow over the forecast period as the contenders in the global market are rising and competition with the existing players is estimated to grow in the forecast period. The manufacturers in lane departure warning system market to expand with strategic developments such as product launches, product innovation, expansion, collaborations and acquisitions in the lane departure warning system market.

Key players operating in the global market for lane departure warning system, include Robert Bosch GmbH, Denso Corporation, Aptiv plc, Continental AG, Autoliv Inc., Mobileye, Magna International Inc., WABCO, Bendix Commercial Vehicles Systems LLC, and   ZF Friedrichshafen AG.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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In-Wheel Motor Market to Register 30.04% Growth during 2018-2027

April 23, 2019 by Steve Blade  

Fact.MR delivers vital insights into the In-wheel motors market in its published report, titled “In-wheel motors: Industry Analysis and Opportunity Assessment, 2018–2027”. In terms of revenue, the In-wheel motors market is estimated to expand at a CAGR of 30.04% over the forecast period, owing to the numerous factors, about which FACT.MR offers thorough insights and forecasts in this report.

With increasing global penetration of electric vehicles across the world has led the rising demand for electric mobility. The in-wheel motor market is directly proportional to the sales of electric vehicles across the world. Also, rising demand for simplicity and efficiency of electric vehicles has led adoption of autonomous technologies to the electric mobility. Provisions for more spacious vehicles and reduced weight of vehicle coupled with rising awareness for emission control has also influenced in-wheel motor market towards considerable growth in the forecast period.       

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On the basis of propulsion, the In-wheel motors market is segmented as BEV (Battery Electric Vehicle), HEV (Hybrid Electric Vehicle), PHEV (Plug-in Hybrid Electric Vehicle), and FCEV (Fuel cell Electric Vehicle). On the basis of motor, the In-wheel motors market is further segmented into axial motor and radial motor. On the basis of cooling, the in-wheel motor market is segmented into air and liquid cooling. On the basis of power output, the in-wheel motor market is segmented into up to 60 KW, 60-90 KW, and above 90 KW.

 

Radial motor in in-wheel motor segment are estimated to have maximum incremental opportunity during the forecast period   

With increasing penetration of electric vehicles across the world demand for rising autonomous technology is increasing. The radial in-wheel motors are projected to grow at a significant CAGR of 31.1% during the forecast period. The axial in-wheel motor is growing at a relatively slower pace as compared to radial motors. The axial motor has large market share in the global market creating an incremental opportunity of US$ 2245.8 Mn by 2027 end.   

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The North America In-wheel motors market, include country-level analysis for the U.S. and Canada. The U.S In-wheel motors market is expected to grow at a CAGR of 29.9% over the forecast period. The HEV (Hybrid Electric Vehicle) segment enjoys dominant share by propulsion. The Latin America In-wheel motors market includes country-level analysis for Brazil, Mexico, and Rest of Latin America. Mexico is the largest market in Latin America with an increasing demand for electric mobility and owing to the fact the In-wheel motors market is expected to expand at a significant CAGR of 46.1% over the forecast period.

 The Europe In-wheel motors market include country-level analysis for EU – 4 (Germany, Italy, France, Spain), UK, Nordic, Eastern Europe and Rest of Europe. The positive outlook automotive industry is one of the vital driver creating the demand for in-wheel motors in Europe In-wheel motors market. EU – 4 and Eastern Europe account for a significant market share in the Europe in-wheel motors. The EU-4 In-wheel motors market is anticipated to expand at a CAGR of 25.7% having maximum market share during the forecast period.

The manufacturers in In-wheel motor market to expand with strategic developments such as product launches, product innovation, expansion, collaborations and acquisitions in the In-wheel motor market. Key players operating in the global market for In-wheel motor, include Protean Electric (US), Elaphe (Slovenia), ZIEHL-ABEGG (Germany), Printed Motor Works (UK), NTN (Japan), and others. 

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Impregnating Resins Market – Rising Demand in Automotive and Electronics Components to Boost the Growth

April 23, 2019 by Steve Blade  

The global market for impregnating resins is projected to register nearly 6% CAGR, according to a newly published Fact.MR research report. The substantial growth of impregnating resins in the last 3-4 years has provided a possible expansion to the variety of end-uses, thereby driving advancement in the global market. Rising demand in the automotive and electronics industry for impregnating resins for electrical insulation also helps the manufacturers to penetrate a significant market share across the globe.

The global impregnating resins market has witnessed expansion in the sales as well as a growth rate of the market over historical period owing to increased demand for impregnating resins for insulation purpose globally. However, with the increasing government investments in the developed as well as emerging economies is expected to create an enormous opportunity in the global impregnating resins market.

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Growth in the automotive and electronic sectors have positively influenced the global production of the impregnating resins, creating increased demand for advanced impregnating resins that makes protective and high mechanical stability during the insulation process. The significant increment in sales of impregnating resins from automotive and electronics sectors has positively influenced the growth of the market.

The recent development in the global impregnating resins market related to thermal class and form of the product for highly efficient service providing in insulation process has created an increase in the overall growth of the market across the globe. The expansion in the production capacity of impregnating resins is further anticipated to generate remunerative incremental market opportunities for the impregnating resins market.

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As most of the product developments are indulging in the automotive and electronics industry is also influencing the overall volume sales and its equated value of the impregnating resins market globally. The global production in automotive and electronics industry is expected to witness strong growth in the emerging countries and moderate growth in the developed economies in the near future. Adoption of the impregnating resins for insulation process is also expected to gain high traction in the global market. 

Japan is anticipated to show relatively stagnant growth compared to other included regions. Among other regions, Latin America, and MEA is likely to create significant opportunity in the global market due to the increasing presence of key manufacturing facilities in these regions.

Among the form of the impregnating resins, a solventless segment has significantly more share as compared to a solvent-based segment which are estimated to lead with the strong growth rate over the forecast period.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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APEJ Region Critical in the Heavy-Duty Trucks Market 

April 23, 2019 by Steve Blade  

Fact.MR offers a 10-year forecast for the heavy duty trucks between 2018 and 2027. In terms of value, the heavy-duty trucks market is expected to register a CAGR of 4.1% during the forecast period (2018–2027). The study offers key trends that are currently influencing the growth of the
heavy duty trucks market. This newly published and insightful report shed light on key dynamics, which are expected to transform future of the heavy-duty trucks market, in turn, creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of heavy duty trucks.

Increasing international and domestic trade activates is highly anticipated to drive the demand for heavy-duty trucks. An upsurge in construction and logistics sector is expected to augment the heavy-duty trucks market further. The volume of heavy-duty trucks is anticipated to phenomenally increasing over the forecast period owing to growth in the number of orders of heavy-duty trucks in developing economies.

Moreover, booming economic growth with gradual growth in the urbanization had profoundly impacted the transportation sector, which propels the heavy-duty trucks market globally. Technological advancement and an introduction of electric and hybrid vehicles are majorly expected to drive the heavy-duty trucks market over the forecast period across the globe. However, the high cost of heavy-duty trucks and environmental regulation to curb the carbon emission is subjected to hinder the market growth over the forecast period.

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n terms of revenue, the global heavy-duty trucks market is expected to represent an incremental opportunity of US$ 56.1 Bn by 2018 end over 2027.

On the basis of class, the market can be categorized as class 7, class 8, and class 9. The class 7 segment is expected to dominate the heavy-duty trucks market over the forecast period, regarding value, which accounted for more than 30% value share in 2027.

On the basis of fuel, the market is segmented into diesel, natural gas, hybrid electric vehicle, and gasoline.  The segment, diesel in a heavy-duty trucks market accounted for the highest market share of more than 60% in 2017. The segment hybrid electric vehicle is expected to grow remarkably over the forecast period.

The Latin America region is expected to register relatively low growth in the heavy-duty trucks market, as the region is currently sustaining economic crises and has less scope of further development. APEJ market is developing at a rapid pace with an increasing application of heavy-duty trucks across all major sectors.

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On the basis of region, the global heavy-duty trucks market is segmented into North America, Latin America, Europe, Japan, Asia-Pacific excluding Japan(APEJ) and MEA.  Among these regions, the APEJ heavy-duty trucks market is projected to exhibit relatively higher growth in the global heavy-duty trucks market with a CAGR of over 5.5% during the forecast period. Revenue from the heavy-duty trucks market in APEJ and Europe is expected to collectively account for more than 45% of the global heavy-duty trucks market revenue in 2018.

Key competitors in heavy-duty trucks market are as Daimler, Dongfeng, Eicher Motors Limited, Fiat Chrysler Automobiles, Ford Motor Company, Freightliner, General Motors, Kenworth, Navistar, Nissan, Oshkosh Corporation, Paccar, Peterbilt, Scania, Tata Motors, Toyota, Volkswagen and Volvo.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Excavator Market: Stringent Emission Regulations and Safety Standards Push Manufacturers to Innovate

April 23, 2019 by Steve Blade  

The Fact.MR report on excavator market is a holistic analysis of all-encompassing market dynamics, which elucidates information about growth of the excavator market during the period 2017-2026. The information featured in the excavator market is obtained by conductive a thorough research on macro and microeconomic factors that are instrumental in shaping the excavators market throughout the forecast period.

The report also includes minute details about the competitive environment in the excavator market during the assessment period. By providing comprehensive analysis on strategic developments of leading players in the excavator market, the report can help new entrants to develop appropriate business strategies to gain a competitive edge in the excavator market in the foreseeable future.

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The excavator market will witness modest 3.2% volume y-o-y in 2019 over 2018. The Fact.MR report finds that the sales of excavators as a construction machinery were around 5.5x higher than its sales as a forestry & agricultural equipment in 2018. Higher demand for excavators in the construction industry is mainly spurred by roads and highway projects, and the study remains bullish of the potential rise in share of construction industry in global sales of excavators in the coming future.

According to the Fact.MR report, Caterpillar Inc., KUBOTA Corporation, and Doosan Bobcat Inc. are the Tier 1 manufacturers in the excavator market and they collectively account for around 30% revenue share. Tier 2 and Tier 3 players, including CNH Industrial N.V., Deere & Co., and Sany Group Co. Ltd., continue to grow rapidly to intensify the competitive environment in the excavator market.

Market Structure

To provide detailed information about development of the excavator market, the market is divided into five segments in the Fact.MR report. Readers can find in-depth analysis of each segment of the excavator market, which can ultimately help market players to modify or alter their business strategies for the coming future.

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Due to the slowdown in the excavator market, a majority of manufacturers are focusing on introducing innovative performance features of excavators to boost sales. Leading vendors are investing in technology and R&D to capture lucrative sales opportunities in developed countries. Meanwhile emerging players in the excavator market are expanding their businesses in developed countries, where customers are more focused on enhanced efficiency than new designs of engines in excavators.

The Fact.MR report provides in-depth information about recent developments in the excavator market. The report features a comprehensive list of leading stakeholders as well as new entrants in the excavators market, which includes Caterpillar Inc., Deere & Co., Hitachi, Ltd., KUBOTA Corporation, CNH Industrial N.V., Volvo Construction Equipment and Services, Inc., Doosan Bobcat Inc., Yanmar Co., Ltd., JCB, Inc., Nagano Industry Co., Ltd., KOBELCO Construction Machinery Co., Ltd., Kato Works Co., Ltd., BEML Limited, Guangxi LiuGong Machinery Co., Ltd., Sany Group Co. Ltd., Terex Corporation, XCMG Construction Machinery Co., Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., CAPPELLOTTO S.P.A., Rivard Companies Inc., and The Charles Machine Works, Inc.

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APEJ Region Critical in the Electric Parking Brake Market

April 23, 2019 by Steve Blade  

The electric parking brake grips the automobile on the ground road or hill road and widely utilized for emergency stops. Electric parking brake has very few number of components and can be actuates with the help of button, thus creating more space in the automobile cabin. Electric parking brake can be accommodated into in any type of vehicle with different size and power capacity. Increased consumer inclination towards traveling safety, comfort, convenience and stability in the vehicles has up surged the demand for electric parking brake. The main benefit of utilizing electric parking brake is that, it has electronic control unit, which can be assimilated with the other vehicle system to empower advanced functioning. The electronic parking brake does not implies any use of mechanical components such as brake lever and rope which decreases the interior cabin space is eventually subjected to increase the demand for electric parking brake in future.

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The electronic parking brake is weightless, compact in size which henceforth enhances the fuel economy and reduce carbon emission. The vehicle OEMs are emerging with different innovative technologies to advance the performance of the electric parking brake system, reduce cost, weight and size. Technological advancement and an introduction of electric and hybrid vehicles are majorly anticipated to propel the electric parking brake market over the forecast period across the globe. However, the high cost of Electric Parking Brake and environmental regulation to curb the carbon emission is subjected to hamper the market growth over the forecast period. However, the growth of the market is expected to face hindrance due to the high cost of the electric parking brake and lack of skilled technicians for the electronic system in vehicle.

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To provide in-depth insights into the pattern of demand for the electric parking brake market, the market is segmented by type. It includes Electric-Hydraulic Caliper System and Cable-Pull System. Electric-Hydraulic Caliper System segment is expected to dominate the electric parking brake market over the forecast period, regarding value, which accounted for more than 65% value share in 2017.

On the basis of region, the global electric parking brake market is segmented into North America, Latin America, Europe, Japan, Asia-Pacific excluding Japan(APEJ) and MEA.  Among these regions, the APEJ electric parking brake market is projected to exhibit relatively higher growth in the global electric parking brake market with a CAGR of over 9.0% during the forecast period. Revenue from the electric parking brake market in North America and Europe is expected to collectively account for more than 35% of the global electric parking brake market revenue in 2018.

Fact.MR has profiled some of the most prominent company’s active in the global electric parking brake market such as Aisin Seiki Co., Ltd., Continental AG, DURA Automotive Systems, TBK Co., Ltd., Hyundai Mobis Co., Ltd., Küster Holding GmbH, Mando-Hella Electronics Corp., Svenska Kullagerfabriken AB, ZF Friedrichshafen AG and Wuhu Bethel Automotive Safety Systems Co., Ltd. The top market players in the electric parking brake market are focusing on product development and innovation. Electric parking brake manufacturers are focusing on developing technological advanced and innovative solutions which can meet the changing customer requirements. 

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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