Three-Wheeler Vehicle Market-Estimated to Experience a Hike in Growth by 2025

Three-wheelers or three-wheeler vehicles as the name implies consists of three wheels, one wheel in front and two wheels in the rear. They are used for commuting short to medium distances and are used both for public transportation and goods carriage.

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Three wheeler passenger carriers are three-wheelers used for transporting humans. A minimum of three and a maximum of five-six passengers can be carried by three wheelers passenger carriers. In rural areas, more than six passengers are carried by three-wheeler passenger carriers as per requirement. Three-wheeler passenger carriers include e-rickshaw also. E-rickshaws are run on battery and are eco-friendly vehicles and produce no vehicular emission and less noise compared to their counterparts. E-rickshaws can carry five-six passengers for transportation.  Three-wheeler goods carriers are used as pickup vans which helps to transport goods from one place to another and delivery vans which helps to deliver goods. Three-wheeler vehicles are available in petro, diesel, LPG, CNG, and electric variants.

The market when segmented by type are three-wheeler passenger carriers and three-wheeler goods carriers. By fuel type, the market is segmented into petrol, diesel, liquefied petroleum gas (LPG), compressed natural gas (CNG), and electric vehicles. The market share of three-wheeler passenger vehicles is more than the market share of three-wheeler goods carriers.

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Automotive Power Steering Gears Market- Latest Trends and Key Drivers Supporting Growth through 2025

Automotive power steering is part of a vehicle’s steering system. The main function of a power steering gear is to convert rotational motion of the steering wheel into linear motion and thus control the direction of the wheels.

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Power steering gears are present in both hydraulic power steering and electronic power steering systems. The rack and pinion gear system consists of two gears: a circular gear called pinion and a linear gear called rack. As a rotational force of steering wheel is applied to the pinion, the teeth of the pinion moves the linear rack. Thus, the rack and pinion gear system converts rotation motion into linear motion and controls the direction of the steering wheel. In recirculating ball power steering gears, the worm gear is attached to the end of a steering column. A ball nut rack is mounted on the worm gear. Two sets of balls are provided in the grove of the worm gear and ball nut rack. The balls helps in reducing friction during the movement of the nut rack on the worm gear. The nut rack is provided with teeth outside and is connected to the pitman arm. When rotation force of the steering wheel is applied, the ball nut racks move in a linear fashion. Thus, rotation motion of steering wheel is converted to linear motion and controls the direction of the steering wheel. Rack and pinion gears are generally found in passenger vehicles and light commercial vehicles and recirculating ball power steering gears are found in heavy commercial vehicles.

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By type, the market is segmented into rack and pinion gear and recirculating ball power steering gears. The automotive power steering gear market is of two types: original equipment (OE) type and aftermarket type. By vehicle type, the market is classified into passenger vehicles, light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).

Automotive Camshaft Market-BUSINESS SEGMENTS, TOP KEY PLAYERS AND MARKET SIZING 2025

An automotive camshaft is a vital component in an automobile’s engine. It finds immense application in the internal combustion engine. In an automobile, internal combustion engine occurs by allowing small amounts of fuel and air mixture into various parts of an engine at different times through a number of valves. The camshaft is a metal shaft, which rotates continuously and pushes protruding parts such as lobes against the valves carrying the fuel and air mixture. As the camshaft rotates, the movement of the lobes open the valves. The lobes are generally round teardrop shaped or oval. There is one lobe in the camshaft for every valve as each valves are positioned differently to push open each and every specific valves at different times. In order to have a better performance of a vehicle, it is extremely important to have camshafts that can time the opening of valves perfectly. The two major materials used for the manufacturing of camshafts are chilled iron castings and billet steel.

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Increasing production of vehicles and rising demand for passenger vehicles is a major driving factor for the automotive camshaft market. In addition, rising trend of engine downsizing and stringent automobile standards are the other major factors motivating the growth for advanced and light-weight camshafts globally. Moreover, growth in the automotive sector and rising investments in automotive camshaft manufacturing companies across the world is set to influence the market significantly during the forecast period.

The automotive camshaft market can be classified by manufacturing technology, by application and by geography. The manufacturing technology segment can be classified into cast camshaft, forged steel camshaft and assembled camshaft. By application, the market can be segregated as passenger vehicles, light commercial vehicles and heavy commercial vehicles. By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

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Automotive Axle and Propeller Shaft Market Seeking Growth from Emerging Markets, Study Drivers, Restraints and Forecast 2025

Automotive axles and propeller shafts play a major role in the operation of a vehicle. The axles bear the entire weight of the vehicle, cargo and passengers and live axles perform the additional task of providing the torque to the wheels. The function of a propeller shaft is transmitting torque and rotation along with the other components of the drive train. The global automotive axle & propeller shaft market is being strongly driven by the rising vehicle production globally and innovations in engineering that is focused on sustainability and fuel efficiency. The growth of this market is further stimulated by the thriving aftermarket demand for automotive axles and propellers in developing countries. Additionally, reduction of the overall maintenance of the vehicle is another factor boosting the global market demand. However, increased vehicle weight and fluctuating prices of raw materials are posing to be hindrances to the growth of the global market.

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The global automotive axle & propeller shaft market can be segmented on the basis of range axle position, axle type, propeller shaft position, propeller type, vehicle type and region. Based on axle position the global market can be bifurcated into front axle and rear axle. By axle type, the automotive axle & propeller shaft market can be segmented into dead axle, live axle and tandem axle. The live axle segment is expected to record the highest growth rate during the forecast period. Growing consumer preference towards RWD passenger cars and SUVs coupled with the continuous growth of the overall vehicle production globally is triggering the growth of the live axle segment. Thus, the increase in demand for passenger cars in the coming years is set to positively impact the growth of the live axle market. The market can be segment, on the basis of propeller shaft position into front propeller shaft, rear propeller shaft and inter-axle propeller shaft. By propeller shaft type the automotive axle & propeller shaft market can be bifurcated into single piece propeller shaft and multi piece propeller shaft. Single piece propeller shaft is expected to maintain its dominance throughout the forecast period, and the primary reason that can be attributed to this growth is is its overall durability and cost effectiveness. This type of propeller shaft has gained more popularity than the multi piece propeller shaft owing to its high fuel efficiency and light weight properties.

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C Frame Gauge Market-Key Players are ABB, Scantech, IMS Systems Inc., Jasch Industries Ltd, PCE instruments, Cygnus worldwide

Innovative development in the field of thickness and profile measurement technology has enabled the C frame gauge market. Increasing automation and continuous improvements in production in the ferrous and non-ferrous industries have raised the demands and increased the C frame gauge market share. Apart from giving strength, C frame gauges provide accuracy, flatness, and surface quality. C frame gauges are used to measure width, diameter, length, thickness, profile, flatness, and other hot and cold characteristics.

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Market Overview:

C frame gauging systems are used in hot and cold mills where materials like steel, aluminum, and other ferrous metals are used. These systems consist of a measuring system and a computer system which is equipped with certain software which can be used to store and share the data generated by these gauges. This software is also used to maintain a proper check on the measuring process. C frame gauge market is expected to grow at a high CAGR in the forecast period.

Market Dynamics:

The major driving force for the C frame gauge market is the variety of products which it offers. Apart from this, C frame gauge systems are calibrated with such precision that they give accurate measurements. They are also made up of materials which are non-reactive and which does not cause any harm to the materials or sheets which are inserted in it.

Since C frame gauges can sustain high temperature and pressure conditions and they do not corrode easily, these systems have created many opportunities for the manufacturers which have increased the C frame gauge market globally.

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Industrial Gear Market-Key Players are Siemens AG, Klingelnberg GmbH, Precipart Corporation, RenoldPlc, Bonfiglioli Riduttori S.P.A., and BMT International S.A.

The Europe industrial gears market features a high concentration of domestic as well as international players, operating amidst intense competition to win a greater portion of the pie, observes Transparency Market Research (TMR) in a recent report. The high capital requirement for setting up industrial gears designing and manufacturing facilities has kept the threat of new entrants low in the market. As a result, companies can expect to witness a medium-level impact of the possibility of new entrants making competition more intense in the near future.

Innovations in gear design could help develop a vast set of new opportunities in the Europe industrial gear market and companies are suggested to focus on designing gears that are likely to produce less noise, heat, and have improved workable lifecycle. Some of the market’s notable vendors are Siemens AG, Klingelnberg GmbH, Precipart Corporation, RenoldPlc, Bonfiglioli Riduttori S.P.A., and BMT International S.A.

TMR estimates that the Europe industrial gears market was valued at US$24.21 billion in 2015 and will reach US$35.23 bn by 2024, expanding at a CAGR of 4.5% from 2016 to 2024.

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Low Efficiency and High Production of Heat to Reflect Negatively on Demand for Helical Gears

In terms of gear types, the segment of helical gears accounted for the most significant share in market’s overall revenues, an estimated 12.4% in 2015, but is expected to decline over the forecast period owing to issues such as the production of excessive heat and low efficiency as compared to other gears. Geographically, the market for industrial gears in Germany contributes the most significant share in the Europe industrial gears market’s revenues, thanks to a large number of industries and a steadily expanding manufacturing sector.

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Personal Protective Equipment Market-Key players are Kimberly-Clark, The 3M Co., Ansell Ltd., COFRA Holding AG, National Safety Apparel, Honeywell Safety Products

According to a new research study by Transparency Market Research (TMR), the increasing requirement of organizations to modify their business models in a bid to include frequently changing rules and regulations is fueling the demand for personal protective equipment across the world. The key players in the global personal protective equipment market, such as Avon Rubber, 3M Co., MSA SAFETY, Ansell Ltd., National Safety Apparel, National Safety Apparel, Kimberly-Clark Corp., Uvex Safety Group, Honeywell Safety Products, COFRA Holding AG, and Rock Fall Ltd. are working consistently to meet the demand of consumers. Currently, these vendors are emphasizing on product innovation to strengthen their foothold in the market. Over the coming years, they are expected to involve increasingly into strategic partnerships to expand their regional boundaries, notes the market study.

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As per the research report, the global market for personal protective equipment market stood at US$40.4 bn in 2016. The opportunity in this market is projected to expand at a CAGR of 7.0% over the period from 2017 to 2025 and rise to US$72.08 bn by the end of the forecast period. The manufacturing industry has surfaced as the leading end user of personal protective equipment and the scenario is anticipated to remain so over the next few years. Among products, the demand for fall protection equipment is relatively higher and researchers expect this trend to continue in the near future, states the research report.

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IT Robotic Automation Market-Key Players are Blue Prism, Be Informed B.V., Appian, IPSoft, Inc., Tata Consultancy Services Limited., Infosys Limited, Cognizant Technology Solutions Corp.

The global IT robotic automation market depicts the presence of a highly competitive vendor landscape, owing to several players offering innovative solutions at similar prices, says Transparency Market Research on the basis of a recently published report. Currently, numerous multinational businesses are attempting to reduce operational costs in this market. Most of these companies are expected to depict outstanding performances in future owing to widespread advancements occurring in the field of IT robotics and automation.

Introduction of advanced products is a key scheme implemented by businesses operating in this market. Participating in mergers & acquisition, collaborations, and facilitating product differentiation also are a few other strategies employed key players in the market. The competition is expected to become highly fierce with new players entering this field on a regular basis. Tata Consultancy Services Limited., Automation Anywhere, Inc., Atos SE, Capgemini, Infosys Limited, Be Informed B.V., UiPath Srl, Cognizant Technology Solutions Corp., Blue Prism, Sutherland Global Services, Inc., and IPSoft, Inc., are prominent companies working in the global IT robotic automation market.

The global market for IT robotic automation is anticipated to reach a magnanimous valuation of US$16,884.0 mn by the end of 2024. The market is expected to exhibit a highly meteoric CAGR of 47.1% over the forecast period of 2016 to 2024.

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Ability to Provide High Efficiency Boosts Market’s Growth

High efficiency provide by robotic automation processes is making various consumers prefer using these services, consequently boosting the global IT robotic automation market. Widespread advances occurring in the overall IT automation industry has also been propelling the global IT robotic automation market substantially.

A large demand from industrial equipment and other machine manufacturers to facilitate fast production rates by maintaining high quality of products has made them prefer IT robotic automation processes for the same. A rising utilization of robotic solutions in the finance and accounting sector has also caused the IT robotic automation market to depict a large-scale preference by manufacturing businesses. Lastly, the market is expected to depict a handsome revenue during the forthcoming years, owing to exciting opportunities being offered by implementation of robotic solutions in various sectors

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Steam Boiler Systems Market is Driven by Rising Demand for Energy across the World

The global steam boiler systems market is highly region-concentrated with a strong presence of key players in their home regions, finds a new study by Transparency Market Research (TMR). At the global level, the market is led by Alstom, General Electric, Cleaver – Brooks Inc., BHEL, and Larsen & Toubro Ltd., which collectively held a share of more than 46% in the overall market in 2015. The leading players are actively involving into mergers and acquisitions, which is anticipated to increase the competition within the market over the years to come.

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According to the TMR’s report, the global market for steam boiler systems offered an opportunity worth US$12.0 bn in 2015. Analysts project it to swell at a CAGR of 5.30% during the period from 2016 to 2024 and touch US$8.9 bn by the end of the forecast period. In terms of sales volume, the market is likely to cross the 244,836 units mark by 2024. Water tube boilers have emerged as the most valued products in this market and are anticipated to remain so over the next few years, thanks to their extensive usage in large power plants.

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North America to Retain Lead

The worldwide market for steam boiler systems is spread across Asia Pacific, the Middle East and Africa, Latin America, North America, and Europe. In this research report, an exhaustive assessment of this market on the basis of its geographical presence has also been offered. According to the study, North America led the global market with a share of more than 30% in 2015. Researchers expect this regional market to hold its dominance throughout the forecast period, thanks to mushrooming food processing facilities, chemical manufacturing units, power plants, and oil and gas refineries across North America. Apart from this, the surge in the commercial and residential application of steam boiler systems is also projected to boost the North America steam boiler systems market in the years to come.

Power Distribution Unit (PDU) Market is Driven By An Increase In Acceptance Of Cloud Computing And Server Virtualization

The top five players in the global power distribution unit (PDU) market held a share of nearly 61% in 2015, rendering its vendor landscape consolidated. These companies are Cyber Power Systems, Inc., Emerson Electric Co., Raritan, Server Technology, and Schneider Electric. Despite the prevailing consolidation, fierce rivalry exists among the market players, finds Transparency Market Research (TMR) in a new study. It is therefore observed that these companies are focusing on product development to cater to the dynamic consumer preference. Besides this, many of them are focusing on research activities, innovations, and exploring novel technologies to strengthen their foothold.

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For instance, Schneider Electric has shown keenness towards investing in research and development activities in the past years. The company majorly focuses on innovating state-of-the-art technology and commercializing the same to gain traction around the world. Likewise, Server Technology owns around 48 patents, while TMR states that 54 patent applications are pending. With the leading players investing in product innovation, it is expected to give much impetus to the market in the coming years.

As per TMR, the global power distribution unit market is expected to reach US$2.26 bn by the end of 2024. Its valuation in 2015 was US$1.14 bn and between 2016 and 2024, the market is expected to demonstrate a CAGR of 7.9%. In terms of revenue, the IT and telecom sector emerged dominant with a share of 31.3% in the overall market in 2015. Regionally, North America emerged dominant with a share of 35.7% in the global market in 2015. However, Asia Pacific is likely to showcase the most lucrative opportunities during the forecast period.

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Infectious Waste Packaging Market-Key Players are Smurfit Kappa Group, Uniflex Healthcare, Interstate Packaging LLC, Carolina CoverTech

Global infectious waste packaging market: Overview

Infectious waste is produced in large amounts all over the globe on a daily basis, especially from hospitals, clinics, and other healthcare centers. This waste can prove to be a breeding ground for pathogens and other harmful disease causing organisms. To avoid these issues and maintain a good hygienic environment, it is highly necessary to enable effective and safe disposal of infectious waste.

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The global infectious waste packaging market is steadily projected to rise in the next few years, mainly due to increasing investments for developing the required packaging material. This is expected to create several opportunities from a work based as well as development based perspective. However, to maintain this growth, the investments put in the market need to continue at a strong rate. The number of public as well as private organizations are also increasing around the world, which bode well for the development of the market. Incineration, chemical treatment, autoclaving, etc. are some of the processes associated with this market. Amongst these processes, most progress is expected to occur for the incineration treatments. Even the market share for this process is expected to be larger than any other activity associated with the infectious waste packaging market. Such growth is mainly due to rise in the initiatives taken by the organizations for medical waste management and other technological developments.

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Infectious waste mainly consists of hazardous and non-hazardous wastes, which further are subdivided into several other subclasses. From a regional perspective, the global infectious waste packaging market has an extensive reach in the North American and European regions. This is mainly due to the rising number of old people in these regions. These people could get diagnosed with health problems, thus causing them to end up in hospitals and healthcare centers, and hence ultimately leading to an increase in infectious waste. North America is expected to continue its dominance in this market in the near future. Other than these regions, the infectious waste packaging market has a significant presence in Asia.

Hot Foil Printing Machines Market is driven by Currency Printing

Global Hot foil printing Machine Market: Introduction

Hot foil stamping is the method of using pressure and heat to apply holograms to materials such as carton board, light papers, corrugated board, laminated board, plastics. It also used for the stamping of metallic or pigmented foil on the solid surfaces. The machine which is used in this type of printing is known as hot foil printing machine. The machine consists of the printing die in the form of letters, which are hot stamped on to the solid surface. The hot foil printing machine market is anticipated to register significant growth rate over the forecast period. This process is used on a wide range of products to create anti-counterfeiting measures and decorative finishes. It has various applications in packaging industries such as luxury goods packaging, food, and tobacco, as well as labels for products such as wine and beer. Hot foil packaging is also used on bank notes and commercial printing applications. It is anticipated that demand for hot foil printing machine is expected to be high during the forecast period.

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Global Hot foil printing Machine Market: Dynamics

The hot foil printing machine market penetrates various industries, it is used for anti-counterfeiting majors in packaging industry. It is used for packing of food products, and pharmaceuticals, among others. Hence, the hot foil printing machine market growth is proportional to packaging industry, such as food & beverages, confectionary and pharmaceutical and healthcare. The hot foil printing machine is not just used in packaging industry, but it also finds application in currency printing which is one of the premier tasks of every nation, it is expected to drive the global hot foil printing machine market growth. Hot foil printing machine is used for commercial printing applications which might boost the global hot foil printing machine market. These machines can be modified as per the requirement of customers, and ongoing R&D efforts are expected to boost growth of the global hot foil printing machine market, as well as enable technology integration. However, the availability of cold foil printing machine in the market and its growing popularity might hamper the overall growth of hot foil printing machine market. Cost is a major concern regarding use of hot foil printing machine, and leads to increased preference for cold foil printing machine in the market. The cost of cold foil printing machine is almost half of that of the hot foil printing machine, which hinders the global hot foil printing machine market growth.

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Spools Market is driven Due to Growing Trends of Transforming Traditional Age Old Infrastructure to Digital

Spools Market: Introduction

Wire & cables industry plays a vital role in shaping the world infrastructure. The global wire & cable industry is rapidly growing due to the emerging markets ramping up their digital infrastructure developments and developed world is renovating its age old infrastructure for power transmission & distribution and telecommunication. Wire & cable packaging industry witnessed changing trends during last few years. Safety issues such as fire hazards, damage of fibre optic cables etc. are demanding high-end sophisticated packaging for wire & cables. Spools or reels are the packaging products used to pack or bundle the cables or wires. Spools are a cylindrical round drum-shaped object to carry wires & cables. These are usually made of wood, metal, plastic and cardboard. The selection of the spool or reel depends on the diameter and load of the wire or cable intended to transport. Emerging markets like India, China, Russia, Mexico, Argentina, South Africa and Brazil are the target markets which spool manufacturers should focus on. FMI analysis shows that the market is projected to grow at a healthy CAGR with higher growth in emerging markets.

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Spools: Market Dynamics

Growing trends of transforming traditional age old infrastructure to digital is driving the global wire & cables industry, which in turn drives the global spools market. Governments’ emphasis on digital infrastructure developments also influences the above mentioned factor. Growing safety concerns on fire hazards and breaking up of cables during transportation demands high durability and efficient spools. Shipping space optimization is the major concern of wire and cable industries face today. Spools with modern technology touch are addressing this aforementioned issue. Growing demand for renewable energy sources such as solar and wind energy, where challenge is to efficiently store and transfer the power demands reliable, durable and efficient spools, which is driving the global spools market. Load weight optimization, where lightweight wooden, plastic or rigid cardboard spools are used to bundle the wire and cables. Materials used by many spool manufacturers are 100% recyclable, which reduces carbon footprint considerably, which is driving the growth of spools market

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Open Top Cans Market is driven by Growing Innovation in Metal Fabrication Technology

Open Top Cans Market: Introduction

Agility, resilience and flexibility are the most important characteristics of a food & beverages supply chain, especially in case of fresh vegetables, meat, seafood, fruits etc. Consumer of 21st century is very different from the consumer of 20th century. His awareness about freshness, taste and quality of the food he consume has increasingly got highest importance over the year. Open top cans are one of the best solutions that achieved aforementioned consumer requirements. Today open top can stands at top of the fresh & ready to eat food packaging by preference and recyclability. Open top cans are cylindrical shape, made of tinplate or stainless steel. Consumer wants the packaging in his cart to be the most attractive. Shelf-appeal can be given to fresh food & ready to eat foods in store using open top cans, which can be designed in any shape and printed with lithography or any other attractive printing technology. Open top cans market is expect to witness a healthy CAGR during the forecast period, due to rising consumer awareness and preference towards open top cans. Rising intolerance towards plastic packaging is also making the consumer to shift towards metal packaging, which has 100% recyclability.

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Open Top Cans: Market Dynamics

Why metal for food & beverage packaging, because its recyclability, sustainability, versatility, durability, strength, secure and hygienic. There is almost no other packaging option as efficient and economical as open top cans. Open top cans market can be divided into organized and unorganized. In unorganized market, small players who have revenues less than US$ 0.5 Mn are manufacturing open top cans, and serve local markets. They also supply to organized market players. The manufactures of open top cans are facing risk of volatile commodity prices. They also lack the availability of modern manufacturing technologies. Many of the open top can manufacturers don’t have the access to international markets, they are unaware of the potential opportunities existing in different markets in different geographical locations. Open top cans can be used for many years, unlike plastic food cans, bags and pouches which has to be disposed after 2 to 3 times utilization. Protection against contaminations can be highly achieved using open top cans. Growing innovation in metal fabrication technology is driving the open top cans market. The light weight, sustainable, food grade and cost efficient open top cans can be manufactured using different alloys. Rising intolerance towards plastic has led to the point that some countries are permanently banned plastic e.g. Costa Rica is the first country to completely ban single use plastic packaging products like bags, pouches, sachets, stretch films and shrink wraps. Growing plastic waste in water bodies is the main international concern today. Which can be greatly solved using environmental friendly packaging such as metal, paper & paperboard, jute (hessian), and wood packaging. Considering all above discussed facts, we can conclude that the open top cans market has a large growth potential over the forecast period.

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Embedded System for Automotive Market is driven by Growing Demand for Embedded Systems

Embedded System for Automotive Market: Overview

An embedded system is a combination of computer hardware and software with dedicated function, either fixed in capability or programmed that are designed, to maximize efficiency and reduce pollution. The embedded system is an integral part of automotive safety systems, which include anti-lock braking system, electronic stability control, traction control, and automatic four-wheel drive. It displays information either on the windshield of the car or on a separate screen. The embedded system hardware includes microcontroller or microprocessor, integrated circuit, central processing unit, and others. The embedded software system includes operating system such as Linux, Windows, Java, and others.

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Embedded System for Automotive Market: Drivers and Restraints

Rise in demand for embedded systems, which are generally available in the cars, is expected to drive the embedded system for automotive market during the forecast period. Furthermore, increase in modernization in the automobile industry, vehicle electrification, safety, and comfort are expected to boost embedded system during the forecast period. The embedded system for automotive market is likely to expand with a significant growth rate as all modern vehicles are equipped with embedded systems owing to extensive demand for safety and comfort while driving. This is expected to drive the embedded system for automotive market during the forecast period. Automotive embedded systems have a short life, which is estimated to restraint the embedded system for automotive market during the forecast period.

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Brake Pad Market is driven by rising demand for increased safety has led to the usage of Materials such as Fibers and Ceramic in Brake Pads

Brake Pad Market: Overview

Brake pads are an integral part of the disc braking system. When the brake pedal is pressed, the brake pads press against the running disc in order to stop its motion and brake the vehicle. The brake pads are essentially made of a material that possesses high co-efficient of friction. Increase in demand for efficient braking during high speeds has led to the expansion of brake pad market.

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Brake Pad Market: Drivers and Restraints

Brake pads are a wear and tear product owing to their working condition and brakes pads that have a longer life are witnessing an increase in demand. Rising trend of people to prefer a comfortable and smoother ride has led to the development of low noise brake-pads that do not make noise while turning and sudden braking. Demand for increased safety has led to the usage of materials such as fibers and ceramic in brake pads in order to allow effective and sudden braking. Ceramic brake pads are witnessing a high demand in the brake pad industry, as they are highly efficient. Ceramic brake pads contain a mesh of fine copper wires in order to increase friction and heat conductivity. Ceramic brake pads run very quietly, as compared to organic pads, and generate less dust particles during working; and thus, have a longer service life. Ceramic pads are considered to be highly reliable as they wear out slowly and are considered a good choice for commercial vehicles that run longer miles.

Ceramic pads are an expensive type of brake pad, thus restraining their demand; however, developments in technology and the rise in production are likely to reduce their price and increase their rate of adoption across the market.

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Automotive Additives Market is driven by Growing Stringent Norms and Regulations Regarding Improved Fuel-efficiency

Automotive Additives Market: Overview

Additives are substances that are added to a material in order to enhance its properties. Additives are used in vehicles for various purposes. Plastic additives are used to increase resistance and shock absorbing property of plastics that are used to manufacture automotive component. While, fuel additives are compounds that are utilized to enhance the efficiency of fuels used in vehicles in order to achieve the target of reduced vehicular emissions and improved carbon footprint. Fuel automotive additives are primarily added along with the engine oil, while other additives along with transmission oil, and coolant in order to improve their respective performance.

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Automotive Additives Market: Drivers and Restraints

Growing stringent norms and regulations regarding improved fuel-efficiency, which are being laid down by several regulatory bodies in different nations, is expected to further propel the automotive additives market in the near future. Increasing adoption of alternate fuel sources such as ethanol and biodiesel in recent years is anticipated to provide promising applications for the usage of automotive additives in the next few years. Rising demand for improved strength, enhanced crashworthiness, and increased durability of vehicles is propelling the usage of plastic additives in plastic components of vehicles. Increasing focus of key vehicle manufacturers on metal to plastic replacement in recent years is expected to further boost the automotive additives market during the forecast period.

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Smart e-Drive for Automotive Market is driven by Rapid Increase in demand for Electric Vehicles during the forecast period

Smart e-Drive for Automotive Market: Overview

A smart e-Drive is an advanced integrated version of the conventional electric drive system. Smart e-Drive uses the battery as a power source and provides direct transmission in the vehicle which makes driving smooth and safe on the road. The smart e-Drive includes a battery, motor generator, electric brake booster, and power booster. It provides efficient driving by saving energy. Daimler AG launched a smart electric drive vehicle that is equipped with smart e-Drive technology.

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Smart e-Drive for Automotive Market: Drivers and Restraints

Rapid increase in demand for electric vehicles is expected to be a key factor that is likely to drive the smart e-Drive for automotive market during the forecast period. Implementation of stringent norms on the automotive industry regarding emission and concerns by global regulatory bodies are also anticipated to augment the smart e-Drive for automotive market. Factors such as weight reduction and space for other applications can be fulfilled by smart e-Drive. Numerous benefit such as high reliability, compact size, higher torque generation, and more built-in functionalities are estimated to boost the smart e-Drive for automotive market during the forecast period. This is expected to provide lucrative opportunities for the automobile industry. Higher cost of the system is anticipated to hamper the smart e-Drive for automotive market.

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Totem Displays Market Is Rising Rapidly as the Integration With Modern Display Technology Has Paved Way For Totem Displays With Enhanced Consumer Experience

Global Totem Displays market: Overview

The global market is driven by consumer preferences, which are known to evolve with time. Also, to stay in competition, it is very important to advertise the product, to increase product awareness. Totem displays are a means to attract and influence consumers, adopted for brand advertising. They convey marketing messages and are used to gain an edge over competitors, in crowded areas. The market for totem displays therefore promises a positive outlook. Other factors that contribute to the preference for totem displays are –

Convenience – Totem displays are made from corrugated cardboard, are lightweight, and therefore can easily be moved. They are delivered flat, therefore reduce transit and storage costs

Customizability –  Totem displays are available in a variety of shapes, and therefore help in gaining customer attraction, by leveraging unique designs to increase consumer appeal. They are also available in flexographic and lithographic printing options.

Totem displays are also recyclable, and are easy to assemble. In addition, they find application in almost every industry. In a dynamic market, where often a product can garner more attention if it has a psychological appeal to consumers, totem displays are one of the most cost effective and efficient choices for product marketing.

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Global Totem Displays market: Dynamics

The global consumer goods industry has transformed significantly over the past few decades. Much of how the market for a product will grow over the next few years, is determined by the efficiency in its marketing. Manufacturers and companies across the world, adopt various strategies to increase consumer base. Growth of global totem displays market is attributed to various factors, including higher scores in consumer recall tests. Totem displays consist of a major portion of product advertising, worldwide. Totem displays can also be digital. Many surveys found a major portion of the consumer audience to prefer digital totems more convenient than other means of advertising.

Although the global totem displays market outlook looks positive, there are certain factors that might hamper growth. These may include disruptive factors, which can be any form of new and innovative products that are quick to garner more attention than existing products. Most companies prepare for the expected and forecast market dynamics, but leave out the possibility of innovation that may just be around the corner. Another factor that might prove to be a hindrance to growth is the popular use of other forms of advertising. Being the digital age, a significant part of the population also learns about new products through E-commerce platforms and telemarketing. Totem displays are most useful in crowded places, where more consumers can be engaged. Due to this, a direct competitor to totem displays, is telemarketing.

Innovation is the way to go, for the global totem displays market to grow. Integration with modern display technology has paved way for totem displays with enhanced consumer experience, with touch screen displays. These factors are expected to play a key role in increasing preference for and fueling growth of the global totem displays market.

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Polystyrene Tubs Market is driven by Rise in Scope Industries Served Over the Past Few Decades

Global polystyrene tubs market: Overview

The global consumer packaging industry has expanded in terms of scope and industries served, over the past few decades. The food industry has been growing steadily, and is driven by food consumption trends. Polystyrene or foam tubs find application in the food industry, mainly for side dishes. Many cuisines have at least one side dish. Polystyrene tubs are preferable for side dishes such as, tartar dips, sauces, and other side dishes. Polystyrene tubs are also used for yogurts. The global polystyrene tubs market outlooks looks positive due to the growing applications of polystyrene material. Growth of the global polystyrene tubs market is expected to be moderate, as it will be driven solely by consumer prejudice on health impacts of Styrene as a material. Also, growing awareness among consumers and governments regarding environmental impact of the materials we use, has led to stringent laws and restrictions, which is also one of the key factors expected to contribute to the fate of the global polystyrene tubs market.

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Global polystyrene tubs market: Dynamics

The global polystyrene tubs market is expected to grow on the backdrop of the global polystyrene market. Some of the major contributors to growth of the global polystyrene market are – increase in disposable income of families. Growing economies in developing countries such as India, has increased the fraction of household expenditure on dining out, by as much as 10%. As these countries add more people to the middle class segment of population, more people will explore such options. There are other factors that might hamper growth of the global polystyrene tubs market. Polystyrene is widely considered to be a possible human carcinogen, due to the presence of Styrene. Amidst growing health concerns, and people being advised not to use foam products, there might be some hindrance to growth of the global polystyrene tubs market. Also, Polystyrene products are slow to break down in landfills, and therefore present the risk of potentially releasing toxic chemicals. Hence, polystyrene tubs can be considered unsafe as they come in contact with the food inside. San Francisco banned all polystyrene take-away containers in 2007, amidst environmental concerns. In June, 2016, San Francisco banned all polystyrene products in the city. Therefore, the polystyrene tubs market outlook for polystyrene tubs in San Francisco does not look very promising.

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CryptoMemory Market is Rising Rapidly to Product Counterfeiting Major Product Brands Loses a Substantial Part of Amount from its Revenue Every Year

CryptoMemory Market: Overview

Cryptomemory is a high security EEPROM (electrically erasable programmable read only memory) chip. This product helps to prevent product counterfeiting or cloning and piracy of OEM parts and intellectual property. CryptoMemory chips comes under EEPROMs family. These Cryptomemory chips have 64-bit authentication keys, 64-bit embedded hardware encryption engine, 64-bit session encryption keys and four sets of nonreadable. It is used in applications that requires comprehensive data protection, including mutual authentication between host and devices. Due to the features such as dynamic mutual authentication whenever a transaction occurs the chip uses secret authentication keys and any random number to generate an exclusive 64-bit encryption key and a unique 56-bit encrypted identity for access. This process of generating exclusive encrypted key is known as Cryptogram & these cryptogram are created every second, thus one cannot crack the Cryptomemory for cloning and piracy.

Crypto memory can be customized according to the designer’s requirement. These Cryptomemory chips are available in 1 kbit to 256 kbits memory densities in order to accommodate diverse cost and storage requirements. Cryptomemory has multiple access levels, thus the user memory can be divided into as 16 separate sections. Thereby allowing several different levels of write and read access. Cryptomemory has 2 –wire communication standard interfaces that can be used for communicating to microcontrollers. It also has standard smart card interface. It provides a flexible security features that meets a wide variety of applications such as secure storage and data protection. Various development kits and libraries with application program interface are available that helps to execute complex operations.

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CryptoMemory Market: Drivers and Restraints

Product counterfeiting is a billion dollar industry. Due to product counterfeiting major product brands loses a substantial part of amount from its revenue every year. The major cloned or pirated products include footwear, electronics, circuit boards and eyeglasses.  Most big Brands companies outsource manufacturing contracts in order to reduce the manufacturing cost and faster delivery of end-product to major markets. Most of the product counterfeiting takes place in the contract electronic manufacturing companies. Cryptomemory applications include authentication, data storage and secure storage. Thus adoption and implementation of these chips would be major driver for its end-user industry company’s. As most of the company’s revenues is lost due to the supply of the fake products in the market. However, as these products are in its production stage the initial cost of these chips would be high.

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Connected Truck Market is Driven by Rise in Demand for Technologically Advanced Systems in Heavy Vehicles

A connected truck is equipped with advance technology such as advanced driver assist system (ADAS) and fleet management system (FMS), which broadcast on the screen vehicle improvement, fuel management, driver assist system, and others. Connected trucks are employed with features that provide the driver instant status information and control of the vehicle remotely. In a connected truck, the driver can check the current fuel level, battery status, light status, and other information. Major truck manufacturers such as Daimler AG, MAN AG, Scania, Volvo, Renault, DAF Trucks, and IVECO have developed connected trucks and are planning to upgrade the connected trucks with improved technologies.

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Rise in demand for technologically advanced systems in heavy vehicles is expected to be a key factor that is likely to drive the connected truck market during the forecast period. The connected truck includes features such as lane keep assist system (LKAS), blind spot detection (BSD), lane departure warning (LDW), and emergency brake assist (EBA), which provides safety to the drivers as well as pedestrians and other cars. This is expected to boost the connected truck market during forecast period. Government regulation on safety concerns for heavy commercial vehicles across the globe are also expected to drive the connected truck market. The connected truck is incorporated with features that reduce time for workshop by providing exact location and the chassis ID and can pass on any diagnostic trouble codes to the technician, thereby making the truck more efficient. The automotive industry is estimated to witness an increase in adoption of the connected truck due to technological advancements in the automotive industry. Connected trucks are expected to play significant role in the development of autonomous trucks, thereby providing opportunities for automotive manufacturers. However, limited network infrastructure is anticipated be a key factor that is likely to hamper the connected truck market during the forecast period.

The connected truck market can be segmented based on components, vehicle type, sales channel, range type, and region. Based on components, the connected truck market can be segmented into two types. Among which hardware segment holds major market share of connected trucks. The hardware segment can be further sub-segmented into sensors, cameras, electronic components, and others. Higher adoption rate and easy availability of components is expected to drive the connected truck market during the forecast period.

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Car E-hailing Market is Projected to be Driven by the Increasingly Fast-Paced Lifestyle Of People and the Rising Necessity to Reach a Particular Destination at the Earliest

Car E-hailing Market: Overview

Car e-hailing is a process by which the customer request for the passenger vehicle by means of an electronic device such as a mobile, computer, laptop, and tablet. Cars used in an e-hailing service are precisely designed for meeting the desired requirements such as high utilization, additional mileage, robustness, and passenger comfort.

Car E-hailing Market: Drivers and Restraints

The increasingly fast-paced lifestyle of people and the rising necessity to reach a particular destination at the earliest is expected to drive the car e-hailing market during the forecast period. Increasing technological advances such as the usage of smartphone apps, navigation systems, and social media in order to book a car for a ride is simplifying the process of commuting. This is likely to boost the car e-hailing market in the near future. The inconvenience caused by utilizing public transport such as buses, trams or trains in times of urgency can be easily avoided by hailing a car online in order to reach the desired destination. This is anticipated to propel the car e-hailing market in the next few years.

However, car e-hailing requires more number of commuters and in certain situations such as after a concert or during heavy rains, where a large number of people leave a certain place at the same time, car e-hailing cannot be a practically feasible solution since several people are trying to leave the place at the same time.

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Car E-hailing Market: Key Segments

The global Car E-hailing Market can be segmented based on distance of commuting, vehicle, device, internet connectivity, and region. In terms of distance of commuting, the car e-hailing market can be segmented into short-distance ride and long-distance ride.

Based on vehicle, the car e-hailing market can be divided into micro mobility vehicles, mini mobility vehicles, sedan, premium vehicles and SUV (sport utility vehicles).  The micro mobility segment is expected to expand at a remarkable growth rate during the forecast period owing to the ability of micro mobility vehicles to find their way through small spaces in crowded cities and thus, ensuring faster travel of the commuter.

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