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CNC Router Market Overview:

Market Research Future (MRFR) studied COVID-19 breakthrough on the world CNC Router Market in the years to come. The expansion of the world CNC router market can rise at 6.14% CAGR in the forecast period. The CNC router offers high productivity and better consistency, along with high-quality work. The high degree of precision offered by CNC routers is expected to underpin the expansion of the market in the years to come. The inclination of automated CNC router and the rise in the awareness of CNC routers benefits can boost the CNC routers market in the years to come. CNC router aids in the reduction of error frequency and waste of time. This can fuel the CNC router market growth in years to come.

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The high demand for wood construction and growing adoption of advanced machinery in order to curb time in different construction applications, such as drilling, cutting, and routing can impel the expansion of the world CNC router market. The utility of CNC routers in woodworking and metalworking applications can propel the expansion of the CNC router market in the years to come.

Key Competitors

MRFR listed some major players in the global CNC router market. They are; HOMAG Group (Germany), Anderson Group (Taiwan), Biesse Group (Italy), MultiCam Inc. (US), AXYZ Automation Group (Canada), Thermwood Corporation (US), Exel CNC Ltd (UK), ShopSabre (US), Carbide 3D LLC (US), The shoda company (Japan), and Komo Machine (US). The report reveals different factors associated with these key players in the report.

Market Segmentation

The segment study of the world CNC router market is based on application, end-use industry, type, and product.

The type-based segments of the world CNC router market are movable gantry type, cross-feed unit type, and stationary gantry type. The movable gantry type segment can secure the largest share of the world CNC router market. The movable gantry type are highly used in large industrial applications, such as automotive, construction, industrial, and power industries.

The product based segments of the world CNC router market are water jet, metal tool, plasma, and laser. The growing utility of machine in metalworking and woodworking can drive the expansion of the metal tool segment in the world market.

The application based segments of the world CNC router market are metalworking, woodworking, and stone working among others. The woodworking segment can rise as the high adoption and advancements in CNC routers can underline the market rise.

The end use-based, segments of the world CNC machine market are industrial, automotive, and construction among others. The construction segments can rise at a high pace. The increase in demand for wood construction and high adoption of advanced machinery for routing, drilling, and cutting can fuel the CNC routers market in years to come.

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Regional Study

In Asia Pacific, the expansion of the CNC machine market can be credited to the growing utility of CNC router in major end user industries. The rise in exports of industrial parts and automotive parts can fuel the expansion of the market in the years to come. In developing countries, such as India and Japan, the CNC router market is expected to rise at a high pace as the presence of lead producers in the region. In addition, the flourishing automotive industry and high demand for CNC routers can enhance production quality of automotive parts and boost the expansion of the market across the forecast period. The growing focus the domestic production to meet the rise in CNC router demand can promote the expansion of the CNC router market.

1 Executive Summary

2 Market Introduction

2.1 Definition 16

2.2 Scope Of The Study 16

2.3 List Of Assumptions 17

2.4 Market Structure 18

2.5 Market Attractiveness Analysis 18

2.6 Global CNC Router Market, By Product 19

2.7 Global CNC Router Market, By Type 20

2.8 Global CNC Router Market, By Application 21

2.9 Global CNC Router Market, By End Use 22

2.10 Key Buying Criteria 22

3 Market Insights

4 Research Methodology

4.1 Research Process 26

4.2 Primary Research 27

4.3 Secondary Research 28

4.4 Market Size Estimation 29

4.5 Forecast Model 29

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

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Website: https://www.marketresearchfuture.com

Casino Gaming Equipment Market -Overview

The rise in attendance in casinos around the world is estimated to spur the Casino Gaming Equipment Market 2022. The industrial automation & equipment industry reports are produced by Market Research Future, Casino Gaming Equipment Market is expected to reach around USD 10 billion and is projected to witness ~5% CAGR during the forecast period, 2020–2027

The mounting digitization trends in the casino business are estimated to increase the casino gaming equipment market share. The popularity of casino equipment such as slot machines and video poker machines among others are projected to enhance the overall global casino gaming equipment market in the coming years.

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Competitive Analysis

The instability in the forces of demand and supply is estimated to create a beneficial impact on the overall global market in the forecast period. The restoration and everyday operations are estimated to take some time, which will lead to intensive development of backlog in delivery. The financial assistance provided by the government around the world and trade bodies is estimated to salvage the situation in the coming years.

The downturn effects visible in the market are estimated to stay a little longer due to the scale of impact on the global market. The need for prudent analysis of the market trends and demand projections is estimated to lead to formidable development in the market. The constraints of growth are expected to be significant and considerable support will be needed to transform the market effectively. The need to build sustainability into the core assets of the companies will help companies’ battle situations like the current pandemic more effectively.

The central competitors in the casino gaming equipment market are Aristocrat Leisure (Australia), Gaming Partners International, Inc. (US), Novomatic (Austria), Konami Holdings Corporation (Japan), PlayAGS (US), Incredible Technologies Inc (US), International Game Technology PLC (IGT) (UK), Everi Holdings Inc., (US), Scientific Games Corporation (US), and Abbiati Casino Equipment S.r.l. (Italy) to name a few.

Industry Updates:

May 2020 TCS John Huxley Ltd, a casino equipment manufacturer, announced it had introduced a “Care & Protect” product range intended to assist gaming operators in guaranteeing they can provide their patrons securely as venues resume after the shutdown owing to the Covid-19 pandemic. In a press release, the firm, which is United Kingdom-based, said one of the first products in the range was a chip sanitizer. 

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Market Segmental Analysis 

The segmental scrutiny of the casino gaming equipment market is segmented on the basis of application, region, and type. The type-based segmentation of the casino gaming equipment market consists of video poker machines, slot machines, casino tables, gaming chips, and others. The application-based segmentation of the casino gaming equipment market comprises of mall, casinos, and others. Based on the regions, the casino gaming equipment market is segmented into the Asia Pacific, the Middle East, Latin America, Europe, and North America.

Detailed Regional Analysis 

The regional examination of the casino gaming equipment market has been segmented into the casino gaming equipment market. The Asia-Pacific regional market is anticipated to retain the principal share in the casino gaming equipment market all the way through the forecast period.

Due to the boost in foreign funding in improving casino gaming centers due to a vast population base and increasing growth in economies such as China, Japan, and India is projected to augment the demand and sale of casino gaming equipment. On the other hand, the regional market in Europe is anticipated to observe extensive growth due to strict government standards and rising demand for offline gaming from countries like Russia, Germany, Spain, and France.

The North American region is also expected to show considerable development in the impending period. The US is the most important market in the North America regional casino gaming equipment market over the forecast period owing to escalating investments for the advance of new and upgradation of current casino gaming centers, particularly in Las Vegas and Pennsylvania.

Continue...

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Drive Shaft Market Summary

The global drive shaft market is garnering impressive traction. The market growth attributes to increasing vehicle sales and the automotive industry worldwide. Besides, the rising production of vehicles creates a substantial demand for drive shafts. Rising adoption of shaft technologies required to drive axle or rear axle increases market sales. Moreover, rapid advances in shaft technologies and materials used for shaft escalate market growth.

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According to Market Research Future (MRFR), the global Drive Shaft market is estimated to grow at 4.86% CAGR during the assessment period (2022-2030). Growing vehicle safety concerns and noise & vibration are the major growth drivers. There has been a constant rise in smart and autonomous vehicle sales and demand for anti-vibration parts, boosting market revenues.

Also, the increase in sales of luxury vehicles and sports cars pushes the market growth. Additionally, the demand for a smooth and efficient ride opens up new opportunities for manufacturers and influences the growth of the market. Conversely, the increasing demand for electric vehicles worldwide is a major factor projected to impede market growth.

Similarly, factors such as fluctuating prices and the demand-supply gap in raw materials required for production are anticipated to obstruct the market growth during the predicted period. Also, the low-cost counterfeit driveshafts in the market pose challenges market growth. Nevertheless, spurring a rise in the auto component industry would support market growth throughout the review period.

Global Drive Shaft Market – Competitive Analysis

Highly competitive, the drive shaft market appears diversified with the presence of several well-established players. To gain a larger competitive share of the market, innovation, mergers & acquisitions, and brand reinforcement remain the key trends for these players.

Major Players: 

Players leading the drive shaft market include Advanced Composite Products & Technology (ACPT), Inc. (US), GKN PLC (UK), American Axle & Manufacturing Holdings, Inc. (US), Dana Holding Corporation (US), Neapco Holdings, LLC (US), Yamada Manufacturing Co., Ltd. (Japan), NTN Corporation (Japan), The Timken Company (US), Trelleborg AB (Sweden), and Ifa Rotorion - Holding GmbH (Germany), among others.

Industry/ Innovation/ Related News:

July 28, 2020 ----- NSK Ltd. (Japan), a leading global manufacturer of bearings, announced the development of a non-contact torque sensor that measures drive shaft torque in real-time. The world's first of its kinds and capability, this sensor can increase fuel economy, improve ride comfort & safety, and expand new possibilities across CASE (Connected, Autonomous, Shared & Services, and Electric).

NSK also unveiled its plans to expand its horizons with new connected products, including the new torque sensor that can contribute to the further evolution of mobility globally. Conventional torque sensors have been complicated or expensive for wide-scale use. To respond to this NSK created a simple structure in a compact form, ideal for mass production and easy adoption by automakers. 

Global Drive Shaft Market – Segmentation

The report is segmented into four dynamics.

By Vehicle Type: Passenger Cars (PV), Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV).

By Design: Hollow Drive Shafts and Solid Drive Shafts.

By Position: Front Drive Shaft and Rear Drive Shaft.

By Regions:  Americas, Europe, APAC, and the Rest-of-the-World.

Global Drive Shaft Market – Regional Analysis

The Asia Pacific region leads the global drive shaft market. With its raw material advantages, the region attracts foreign investors, increasing the numbers of production plants. Besides, the largest market share attributes to the increase in vehicle sales and advances in material technologies. Moreover, the continually rising economy and population in the region accelerate the region's automotive drive shaft market. China and India hold outstanding shares in the regional market.

Europe stands second in the global drive shaft market. The region is the global hub for automotive research and innovation, positively impacting market growth. Additionally, the market growth is driven by the large and well-established automotive sectors in the region, substantiate the growth of the market. Furthermore, enormous advances in automotive technologies and the rising economic growth in the region propel market growth.

Also, increased vehicle safety concerns influence the growth of the regional market. Furthermore, strict government standards for vehicle safety influence market growth in the region. The European drive shaft market is projected to create an immense revenue pocket during the assessment period.

North America is a considerably large market in the global drive shaft market. Factors such as the significant GDP and high per capita income foster the growth of the market, driving the automotive industry. Moreover, favorable government policies, the presence of leading OEMs, and developed automobile infrastructures in the region positively impact the market sales.

Besides, the constant rise in the automotive industry and increasing demand from the transportation sector push the growth of the market. Additionally, increasing vehicle production and demand for vehicle safety and comfort features foster regional market growth. The well-established automotive industry creates substantial opportunities for the drive shaft market in this region.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Market Overview -

The Global Bearing Market Size is expected to cross USD 127.56 billion by 2028 at a CAGR of 8.50% during the forecast period ending in 2028, states the latest Market Research Future (MRFR) analysis. Bearings is a machine element that is used for reducing the friction between moving rotary parts and for supporting rotating parts to obtain desired motion. They are used in different industry verticals like heavy machinery, railway, aerospace, and automotive. 

Various factors are fuelling the global bearing market growth. As per the recent MRFR market estimates, such factors include the extensive application in the automotive industry, the rising application in different industrial sectors like transport, manufacturing, mining and construction, aerospace, railway, and electronics, the increasing awareness of the different benefits of using bearings like enhanced equipment performance, reduction in energy consumption, and reduced lubricant consumption, the rising use of high capacity bearings in wind turbines, the unprecedented growth of the automotive industry, and rise in the manufacturing of heavy machinery.

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The additional factors adding market growth include technological advances like incorporation of the sensor unit with bearings, increasing investments in R&D by bearing manufacturers to introduce high-efficiency, cost effective, and innovative bearings, advances in lubrication technology, inclination towards the use of light-weight components, and the demand for application-specific bearing. 

On the contrary, bearing damages caused in electric vehicles, high maintenance cost, fluctuating raw material prices, and increasing vehicle electrification may impede the global bearing market growth over the forecast period. Besides, the COVID-19 impact such as lockdowns, shutting down of business operations, closure of production facilities, decrease in demand for cars, and disruption of supply chain activities may also limit market growth. 

Top Growing Companies 

Eminent players profiled in the global bearing market report include Minebea Mitsumi, Inc. (Japan), GKN plc. (UK), The Danaher Corporation (US), Robert Bosch GmbH (Japan), JTEKT Corporation (Japan), The Timken Company (US), NSK Ltd. (Japan), Schaeffler Group (Germany), NTN Corporation (Japan), and Svenska Kullagerfabriken AB (Sweden), among others. 

The global bearing market is fragmented and competitive with the presence of many domestic as well as international industry players. They have incorporated assorted strategies to stay at the forefront and cater to the surging needs of the customers, including collaborations, partnerships, contracts, geographic expansions, new product launches, joint ventures, and more. Additionally, these players are also making heavy investments in research and development activities for strengthening their portfolios and creating a hold in the market.

Industry News

According to the latest research, the global ball bearings market is expected to grow at immense growth due to the rising focus by the manufacturers on digital operations and connectivity for better customer interaction and automation is increasing the demand for the product.

Moreover, digital processing helps in developing the products and increases work efficiency with digital production equipment and automation is also bolstering the market growth. A popular company Swedish company launched a mobile app named seals & seals to facilitate the replacement and installation of bearings. 

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Market Segmentation 

By product, the global bearing market is segmented into roller bearing, ball bearing, plain bearing, and others. Of these, the ball bearing segment will lead the market over the forecast period for its increasing use in different industry verticals like aerospace, railway, and automotive. 

By application, the global bearing market is segmented into construction, aerospace and defense, electronics, automotive, and others. Of these, the automotive segment will dominate the market over the forecast period for the growing sales of commercial vehicles & passenger cars in the developing and developed regions. 

Regional Analysis 

By region, the global bearing market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, the APAC region will sway the market over the forecast period and at a high CAGR for the growing number of windmill farms in emerging markets of India and China and improvements in the infrastructure of electric vehicles. 

In Europe, the global bearing market is predicted to hold the second-largest share over the forecast period. Significant demand for high-performance machines from aviation, power, and construction sectors and the presence of large automobile production facilities are adding to the global bearing market growth in the region. 

In North America, the global bearing market is predicted to have promising growth over the forecast period. Favorable government initiatives for the safety of passengers and vehicles, stable economy, rise in demand for bearings from different industry verticals like power, aerospace and defense, and advanced technology are adding to the global bearing market growth in the region. 

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Automotive Motor Oil Market Overview:

The global automotive motor oil market is estimated to reach USD 28.30 million metric tons with a CAGR of 3.80% from 2022 to 2030 (forecast period). The study discusses the market opportunities and market ramifications that emerged as a result of the COVID-19 pandemic.

Key Players

The industry giants in the global automotive motor oil market are Exxon Mobil Corporation (US), The Lubrizol Corporation (US), Royal Dutch Shell PLC(Netherlands), Valvoline Inc. (US), Gulf Oil Lubricants India Limited(India), Chevron Corporation(US), BP PLC (UK), Total(France), China Petroleum & Chemical Corporation(China), Infineum International Limited (UK), Petro‐Canada Lubricants Inc. (Canada), GP Petroleums Ltd (India), Caltex Australia (Australia), Petromin Corporation (Saudi Arabia), China National Petroleum Corporation (China).

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Automotive motor oil is used in the vehicle's engine and transmission chamber to reduce friction between the transmission and engine components. In addition, motor oils are approved for use in their vehicles by OEMs. The secondary purpose of the motor oil is to maintain the engine chamber temperature and prevent the corrosion of engine parts owing to oxidation. Automotive motor oils are extracted from petroleum, which is further processed to boost the quality of the motor oil.

Market Dynamics

The rising middle class, growing disposable income, generating surface transport infrastructure, increasing aspiration to own private vehicles, increasing mobility due to the development of the Satellite Township near megacities, and boosting demand for goods carriers from micro, small and medium-sized enterprises are fueling the automotive motor oil market. Increasing automotive aftermarket and do-it-yourself (DIY) culture in North America and Europe is propelling automotive motor oil growth in the retail sector in these two regions.

Market Segmentation

The global automotive motor oil market has been segmented based on type, sales channel, and vehicle type.

By type, the global market has been segregated into the conventional, synthetic blend, full synthetic, and high mileage. In 2018, the synthetic blend segment had the largest market share. The synthetic blend is also called semi-synthetic oil, which is made from conventional and synthetic oils. This oil is produced in order to derive the benefits of both synthetic and traditional oil while at the same time reducing its drawbacks. The synthetic blend offers much better protection and performance.

By sales channel, the global market has been segmented into Quick Lube, Independent Workshop, Maintenance/Repair Shop, FWS/OEM dealership Service Station, Truck Stop. The quick lube segment had the largest market share in 2018. The quick lube service center provides customers with quick, easy, and reliable service to maintain their vehicles. The quick lube service center focuses primarily on improving service quality, training employees, and connecting manufacturers, dealers, and repair shops to one another.

By vehicle type, the global market has been segregated into Passenger Car (PCMO) and Heavy-Duty Commercial Vehicle (HDMO). The Passenger Car segment (PCMO) accounted for the largest market in 2018. Sales of passenger cars are growing rapidly. The rise in demand for passenger cars is mainly driven by emerging middle-and upper-middle-income groups. Development in the economy of developing regions, an estimated global increase in purchasing ability around the world, and an emphasis on reducing fuel consumption, vehicle emissions, and overall vehicle maintenance and operating costs are expected to increase demand for automotive motor oil.

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Regional Analysis

Region-wise, the global automotive motor oil market has been segmented into Europe, the Americas, and the Asia Pacific.

The market in Europe/AME is expected to dominate the automotive motor oil market. The established infrastructure and significant players in this area provide opportunities for growth in the forecast period for the European/AME market. Europe strategically seeks to reach a 20% reduction in emissions by 2020. Given the rising transport sector in Europe, the government has agreed to reduce emissions and set a sustainability criterion for regulating fuel emissions.

The European Union has set a number of standards for CO2 (carbon dioxide) and CO (carbon monoxide) emissions that improve demand for automotive motor oil. In addition, manufacturers are strategically investing in the development of automotive motor oil in order to reach the standard emission specification. In addition, the presence of major automotive companies, strict government emission control regulations, and increased investment in the development of automotive motor oil is helping the regions of Europe / AME to raise their revenue.

The Americas earned the second-largest share of the global automotive motor oil market in 2018. The scope of automotive motor oil is expected to rise in the Americas, with increased demand for automobiles, mainly in the US. The area has strong growth and is expected to show steady growth during the forecast period. These countries have a comparatively higher number of premium and luxury passenger vehicles, increasing the market for automotive motor oil.

The expansion of automotive repair shops and service stations is contributing to a rise in demand for fuel-efficient vehicles, and rising customer understanding of oil change is expected to increase demand for automotive motor oil. The Petroleum Quality Institute of America is working with automotive motor oil manufacturers on the development, quality, and integrity of lubricants and on reducing the cost of manufacturing advanced lubricants such as synthetic blends for automotive applications.

Greater China is expected to see a tremendous rise in the automotive motor oil industry. Increased demand for passenger cars and commercial vehicles, due to the rapid industrialization of the country, contributes to the development of the market in the region. The automotive sector, including the oil industry, is expected to expand rapidly under the most recent government economic development plans, which call for attention to the new emission standards. In the past few years, there has been an enormous rise in passenger cars and commercial vehicles in China, which has contributed to the government's concern to regulate vehicle emissions.

The Chinese government has set C5 emission standards, which increase the opportunities for manufacturers to improve automotive motor oil and several emission technologies to comply with the standards. The Government has also introduced a variety of policies for the benefit of the automobile and automotive motor oil manufacturers, including regulations on import restrictions, export requirements, and subsidies. The automotive industry continues to develop in China due to increased passenger and commercial vehicles and hybrid vehicles. The rise in the production of automobiles is contributing to an increase in the production of automotive motor oil. These factors are predicted to spur the growth of the market in Greater China during the forecast period. It is estimated that China will report a CAGR of 7.3% during the forecast period.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Market Summary -

According to the latest information, in 2019, the global Automated Guided Vehicle Market Size is expected to cross USD 4.31 billion by 2030 at a CAGR of 9.85% during the forecast period ending in 2030

The automated guided vehicles market opportunities are an incorporation of industry 4.0 is predicted to boost the growth of the market.

Automated guided vehicles are load carriers or self-guided material handling systems. These can travel autonomously across various areas like distribution centers, warehouses, or manufacturing facilities installed using the sensors without any onboard operator.  Supply chain management is using automation in the form of automated guided vehicles like forklifts, small rack carrying robots, automated stackers, and pallet trucks.

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Moreover, to perform various tasks, these vehicles are programmed using the safest alternatives for material handling, machine learning, and deep learning. Apart, these vehicles provide superior benefits like safety inside facilities, precision & productivity raises, reduced product damage, scale to support automation processes, and labor costs lessened. These advantages escalate the transportation and logistics firms to deploy AGVs. 

Automation and automated guided vehicles are highly demanded in various industries and safety, accuracy, and productivity are increasing which leads to rising in the growth of the automated guided vehicle market. These vehicles follow configurable guide paths for storage optimization, picking, and transport functions in the premium space environment.

These vehicles are used in various end-use industries like healthcare, logistics, manufacturing, automotive, food and beverages, and others. Rising industrialization leads to the continuous need for transport solutions for enhancing efficiency and customized material handling. 

Top Growing Key Players - 

  • Toyota Industries Corporation in Japan
  • KUKA AG in Germany
  • Hyster-Yale Materials Handling Inc. the US
  • KION GROUP AG in Germany
  • Meidensha Corporation in Japan
  • Seegrid Corporation in the US
  • Daifuku Co. Ltd in Japan
  • Jungheinrich AG in Germany
  • Crown Equipment Corporation in the US
  • SSI SCHÄFER in the US
  • Meidensha Corporation in Japan
  • SCOTT in New Zealand
  • E&K Automation GmbH in Germany
  • JBT Corporation in the US

Industry News

As per the latest updates, the automated guided vehicle market forecast states that the vehicle market is going to reach immense growth due to the introduction of new product development, mergers, and acquisitions.

The innovation by Seegrid is named GT10 Series 7Plus Vision Guided Vehicle which is featured with a shorter mast structure for accommodating height-restricted facilities and is mounted by more beneficial features.

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Market Segmentation 

Based on the recent updates, the global automated guided vehicle market is analysed into four segments such as vehicle type, technology, application, and industry. 

Vehicle Type Segmentation:  The automated guided vehicle market based on vehicle types is classified into TOW Vehicle, unit load carrier, forklift vehicle, pallet trucks, assembly line vehicles, and others.

Technology Segmentation: The automated guided vehicle market by technology is categorized into five types as traditional guidance, inductive guidance, laser guidance, natural features guidance, and vision-guided vehicles.

Application Segmentation: The automated guided vehicle market applications are transportation, distribution, assembly, roll handling, and others. 

Industry Segmentation: By industry, the automated guided vehicle market is analyze into various forms like electrical & electronics, automotive, pharmaceutical, logistics & distribution, plastics & polymers, food & beverage, and others. 

Regional Analysis 

According to the automated guided vehicle market share and other aspects, the regional market is divided into four major regions like North America, Asia-Pacific, Europe,  and the Rest of the world.  Among them, Europe is dominating the largest market share due to the rising use of industrial and domestic space and rapid technological developments in robotics and automation. 

 The high demand for electronics and retail products and the enhancing automotive industry is boosting the market growth in this region. Rise in the end-use industries like electronics, food & beverage, automotive, and construction are also fostering the market growth. 

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 Asia Pacific Heavy Construction Equipment Market – Overview

Heavy construction equipment has been proved as a backbone for construction industry in order to save a lot of time and labour cost. There are several equipment that serve various purpose at construction sites. Various activities including earthmoving, material handling, transporting materials, etc. are catered by heavy construction equipment.

High investments of construction industry in BRIC countries are driving the growth for heavy construction equipment market. Additionally, the need of satisfying rising infrastructure demand by growing population will enhance the growth prospects of heavy construction equipment market.

Key Players:

The most prominent major key players in the Asia-Pacific Heavy Construction Equipment market all across the globe are mentioned below:

  • Caterpillar, Inc.
  • Tadano Ltd.
  • Doosan Group
  • Terex Corporation
  • Hitachi Construction Machinery
  • Sany Group
  • J.C. Bamford Excavators Limited
  • Liebherr
  • Komatsu Ltd.
  • John Deere
  • Kobelco Construction Machinery

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Industry/ Innovation/ Related News:

The key strategies followed by most companies within the Asia Pacific Heavy Construction Equipment market are that of new product development.

On May 2017, Volvo CE has unveiled electric compact excavator prototype that delivers zero emission 10 times higher efficiency, 10 times lower noise levels and reduced total cost of ownership.

On September 2016, Hitachi Construction Machinery Develops Object Detect Assist Technology for Mining Dump Trucks that will detect the obstacle when operator are driving, stopping, or starting mining dump trucks.

In 2017, Aregger AG has partnered with Liebherr Machines Bulle S.A (Switzerland) for providing customised demolition excavator. This will widen their product portfolio.

In December, 2016 – JCB India launched seven new products at Bauma ConExpo. With the launch of these products, the company positioned itself as a full range infrastructure equipment partner. Moreover, the growing construction industry has been the major reason behind this product launch. The growing construction industry has resulted in growth of heavy construction equipment market.

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Heavy Construction Equipment Market – Segmentation

The Asia Pacific Heavy Construction Equipment market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Technology: Comprises Blanking, Embossing, Flanging, Bending, Coining and Others)

Segmentation by Application: Comprises Passenger Cars, Commercial Vehicles, Recreational Vehicles and Others

Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Heavy Construction Equipment Market: Regional Analysis

Asia Pacific region is expected to be the largest market in heavy construction equipment due to prospective growth in China which is followed by India, Japan, Singapore and other countries. In recent years, the demand for the construction equipment has been increasing with increasing speed as standard of living of people are increasing, disposable income are increasing, infrastructure is developing and most important people want their own house is forcing the heavy construction equipment market. Various economic factor that have led to the growth of the market are demand of heavy construction equipment. Government is taking initiative for various services like education, healthcare, public transport, infrastructure and other facilities are also helping the market to grow.

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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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 Market Overview

Market Research Future (MRFR), in its recently published research report, asserts that the global vibration control system market 2022 is booming and expected to grow exponentially over the review period, recording a substantial market valuation and a healthy 5.3% CAGR in the forecast period.

Drivers and Restraints

The factor boosting the market for the Vibration Control System Market is that it improves the pilot's and crew's performance. In addition, the aircraft efficiency is enhanced by using an aircraft's vibration control systems, as the vibrations will damage the fuselage, windows, windshield, doors, and cargo. Thus, demand for aircraft performance enhancement is driving the vibration control systems market over the years. Moreover, less aircraft noise and vibrations can improve aircraft performance, resulting in air traffic growth as the number of passengers increases due to improved passenger comfort. As a result, the increase in air traffic is propelling the vibration control systems market to continue to expand.

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Competitive Analysis

The prominent market players operating in the global market as identified by MRFR are Dynatronic Corporation Ltd. (China), Hutchinson (France), Cooper Standard (US), Crystal Instruments (US), Spektra Schwingungstechnik Und Akustik GmbH Dresden (Germany), Sentek Dynamics Inc. (US), Lord Corporation (US), Gerb Vibration Control Systems, Inc., (US), Technical Manufacturing Corp., (US), and Müpro Services GmbH (Germany).

Segmental Analysis

The global vibration control system market is segmented based on system type, component, industry vertical, application, sales channel, and region.

  • Based on system type, the vibration control system market has been segmented into vibration control, automation control, and motion control. Based on system type, the automation control system is projected to witness significant growth over the forecast period.
  • Based on the component, the vibration control system market has been segmented into hardware and software. Based on the component, the hardware system segment is projected to grow at a significant rate during the forecast period.
  • Based on industry vertical, the vibration control system market has been segmented into automotive, aerospace and defense, electronics, military, healthcare, and others. Segmentation based on industry verticals, aerospace, and defense segment is projected to witness moderate growth during the forecast period.

Regional Analysis

The geographical overview of the Global Vibration Control System Market growth has been analyzed in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa).

The growth of Asia-Pacific can be attributed to the upsurge in government schemes and subsidies to support the use of vibration control systems across the region. Due to industrialisation, mainly in China, Japan, and India, the demand for vibration control is expected to rise at the fastest rate in Asia-Pacific during the forecast period. Combined with the availability of advanced technology, the presence of significant producers and operating units of global players in this area helps the market to flourish.

North America is expected to see substantial growth in the demand for vibration management systems. The rising healthcare and aviation and defense sector in the US and Canada is facilitating the growth of North America's vibration control system market. The rest of the world includes the regions of LAtin America and the Middle East & Africa. South America is amid the emerging regions, integrating the technological changes in the vibration control system market at a rapid pace.

Countries such as Brazil and Argentina are considerably contributing to the growth of the market owing to the government initiatives, which encourage the rapid development of the automotive, oil and gas, textile, and machinery and equipment industry. The Middle East & Africa is an emerging market owing to the augmented expenditure and development of international players.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

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Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

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Air Purifier Market Overview

Market Research Future (MRFR), in its latest report on the Global Air Purifier Market 2022 reveals different concerning factors of the market. As per MRFR analysis, the air purifier market size is expected to rise at 10.24% CAGR across the review period. The air purifier market growth can garner high valuation in the study period.

A detailed study on the impact of COVID 19 outbreak on air purifier is described in the report. The expansion of the air purifier market growth is expected in the years to come due to the increase in the adoption of air purifier solutions by top notch automobile industry across the globe. In addition, the growing demand for air purifier and the presence of leading air purifier producers can support the rise of the air purifier market in the years to come. Notable companies offer low cost and technologically advanced air purifiers, which can support the expansion of the worldwide market of the air purifier.

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Market Segmentation

The segment evaluation of the global air purifier market is done by sales channel and product type.

The product type based segments of the global air purifier market are UV air purifiers, HEPA Purifiers, ion & ozone generator air purifiers, activated carbon air purifiers, and others. The HEPA purifiers segment can contribute significantly to the rise of the air purifier largest market in the years to come. The increased adoption of HEPA purifiers can serve the market to rise in the years to come. The significant increase in the demand for air purifiers and the rise in awareness regarding airborne diseases across commercial and residential sectors can promote the expansion of the market across the analysis period.

The sales channel based segments of the global air purifier market are offline and online. The rise in the concern of product quality and the introduction of air purifiers with latest technological features can drive the rise of the offline segment in the air purifier global market. The high demand and sales of offline segment can promote the air purifier market in the forecast period.

Regional Analysis

The air purifier market trends are studied across North America, EU, APAC, and the rest of the world.

In Asia Pacific, the air purifier market share is likely to witness an excellent growth in the years to come. The increase in air pollution and rise in common phenomena, such as vehicle emission, biomass burning, and industrial emissions create the emergency to clean air, which, in turn, can promote the expansion of APAC air purifier market across the analysis period. The rise in cases of asthma and allergies due to dust, airborne viruses, and other conditions can impel the purchase of air purifiers for indoor applications. Hence, increase in the need to control poor air quality indoors can promote the market In North America, the rise in low immunity populace can prompt the expansion of the regional air purifier market in years ahead. The increase in air purifier adoption to protect themselves from irritation can result in the expansion of the market.

Key Competitors

The global Air Purifier Market key players are Honeywell International Inc (US), Dyson (Singapore), Panasonic Corporation (Japan), Sharp Corporation (Japan), Midea Group (China), Unilever (UK), Xiaomi Inc (China), COWAY CO., LTD (South Korea), Daikin Industries, Ltd (Japan), Rabbit Air (US), YADU Int’l Technology (Beijing) Co., Ltd (China), Koninklijke Philips N.V. (the Netherlands), LakeAir (US), Blueair (Sweden), Samsung (South Korea), Austin Air (US), BONECO AG (Switzerland), IQAir (Switzerland), Whirlpool Corporation (US), Broad Group (China), AB Electrolux (Sweden), Airdogusa (US), Airgle Corporation (US), and Levoit (US).

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Agriculture Equipment Market Overview:

Agriculture equipment market is expected to reach around USD 115 Billion by 2030, growing at a CAGR of 4% over the assessment period.

Agriculture equipment is the machinery used by farmers at various stages of agriculture such as planting, harvesting and agro processing. Traditional tools are now replaced by the agricultural equipment, such as crop processing equipment, drip irrigation equipment and others. The major driver for the growth of agriculture equipment market is the emergence of the concept of contract farming and increase in agricultural production targets. The rapid increase in population is generating the demand for food and thereby seeking even better agricultural equipment. Though farmers benefit from the use of agricultural equipment, the huge cost involved in the acquisition of such agriculture equipment is restraining the growth of this market.

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Key Players

The key players of Agriculture Equipment Market are AGCO Corp. (U.S.), JC Bamford Excavators Limited (U.K.), Deere & Company (U.S.), CNH Industrial N.V. (U.K.), Kubota Corporation (Japan), Iseki & Co., Ltd. (Japan), Daedong Industrial Co., Ltd. (U.S.), Mahindra & Mahindra Limited (India), , Escorts Limited (India) and others.

Market Research Analysis

The tractor is dominating the agriculture equipment market as it can perform many functions on agricultural land and are the most versatile equipment used in farming. When tractor technologies are combined with the GPS systems, they function as highly efficient and productive equipment which assist in performing major agricultural tasks. With the major concern of water conservation, drip irrigation equipment is also expected to grow significantly.

Asia-Pacific region is expected to dominate the Agriculture equipment market with the highest CAGR. The low rate of mechanization in the agriculture sector in developing nations such as India and China is expected to reveal huge opportunities for adopting mechanized farming practices in the region. This would, in turn lead the agricultural equipment market in the Asia-pacific region. North America and Europe are forecast to witness slow growth, owing to the existence of highly mechanized agricultal practices in the region.

However the cost of materials for the manufacturers is high which can hamper the growth of the market.

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Scope of the Report

This study provides an overview of the Agriculture Equipment Market, tracking two market segments across four geographic regions. The report has studies of the key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Agriculture Equipment Market by its product type, function and region.

By Product type

  • Tractors

  • Harvesters

  • Drip irrigation equipment

  • Cultivation & soil separation equipment

  • Spray

  • Land leveler

  • Others

By Function

  • Harvesting

  • Planting & fertilizing

  • Haying

  • Plowing & cultivation

By Region

  • North America

  • Asia Pacific

  • Europe

  • Rest of the World

Table Of Contents

1. Executive Summary

2. Scope Of The Report

2.1. Market Definition

2.2. Scope Of The Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market Size Estimation

2.5. Forecast Sales Channel

Continued…

List Of Tables

Table 1 Global Agriculture Equipment Market, By Region, 2020–2027

Table 2 North America: Agriculture Equipment Market, By Country, 2020–2027

Table 3 Europe: Agriculture Equipment Market, By Country, 2020–2027

Table 4 Asia-Pacific: Agriculture Equipment Market, By Country, 2020–2027

Table 5 RoW: Agriculture Equipment Market, By Region, 2020–2027

Table 6 Global Agriculture Equipment Market, By Product Type, By Regions, 2020–2027

Table 7 North America: Agriculture Equipment Market, By Product Type, By Country, 2020–2027

Table 8 Europe: Agriculture Equipment Market, By Product Type, By Country, 2020–2027

Continued…

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Market Research Future®

99 Hudson Street,5Th Floor

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