Sheet Metal Fabrication Services Market is to be Worth US$ 4.4 Bn by 2026

According to a new market report published by Transparency Market Research titled “Sheet Metal Fabrication Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global sheet metal fabrication services market is expected to reach US$ 4.4 Bn by 2026, expanding at a CAGR of 1.7% from 2018 to 2026. North America held the highest market share in the sheet metal fabrication services market in 2017.

The sheet metal fabrication services market is witnessing steady growth due to the increased demand from aerospace and aviation industries. Growth in the commercial airlines and defense aircrafts market will drive the sheet metal fabrication services market in the coming years. Demand for advanced technologies in the defense industry will create a favorable environment for the growth of this market in the near future.

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The low-interest rates and low fuel prices were identified as key factors that are responsible for the growth of the automotive market. The outlook for the automotive industry seems promising, with sales growing substantially, without any signs of slowing down. The number of leading automotive and manufacturing industries that employ sheet metal fabrication is growing year on year. Rising demand for iron and steel in the automobile industry has led to the growing significance of sheet metal fabricators. Sheet metal fabrication for the automotive industry typically involves superheating metals and quenching it inside the die itself, resulting in a high-strength metal part with various desirable properties. Advanced laser technology can enable the necessary cutting and trimming of these parts, which may be a big contributor to why this method is gaining popularity.

The sheet metal fabrication services industry is growing. The market is witnessing rise in deployment of CNC machine tools as one of the primary tools to undertake several applications such as shaping and molding. Advancements such as motion control software functions, high-speed smooth tool center point, jerk control, and AI contour control have greatly reduced the cycle time, along with cost reduction per part with augmented ergonomics, thereby increasing the demand for sheet metal fabricated products.

The sheet metal fabrication services market is growing and is highly competitive. Manufacturing, electronics, automobiles, and telecommunication are some of the major industries contributing to the growth of the market. Bending and punching of sheet metal is a common and vital process and has numerous applications which includes machine components, ductwork and industrial systems, architectural and structural components such as filters, panels, downspouts, and tank bodies.

Logistics Market is Estimated to Reach US$ 16445.1 Bn by 2026 | CAGR of 7.4%

The global logistics market is a highly competitive one, as reported by Transparency Market Research (TMR). The vendors in the global logistics market are expected adopt several organic as well as inorganic growth strategies in order to gain momentum in the industry. Among these, leveraging the latest technological innovations is a popular scheme amongst logistics market players.

The implementation and use of novel technology has significantly affected the logistics industry vendors. Some of the market’s latest techniques are Warehouse Management Systems, Global Positioning System (GPS), Transportation Management System (TMS) and Order Entering Systems, among other. During the entire shipping cycle, technological progress made it possible to monitor the item. This is because of the emergence of tracking systems such as RFID, GPS and bar code technologies.

Logistics providers are using the latest technology, such as CPFR and VMI (Vendor Managed Inventory), to satisfy ever-changing customer requirements. DHL Express introduced a fresh TC55 technology which works on Android platform and which is simple to use, as well as the navigation skills in the global positioning system (GPS).

Leading players in the logistics market are J.B. Hunt Transport Services, Ceva Holdings LLC, Expeditors International of Washington Inc., C.H. Robinson Worldwide, Inc., and Americold Logistics, among others.

The global logistics market is projected to rise at a 7.4% CAGR over the forecast period 2018 to 2026. The market was estimated to reach a value of US$ 16445.1 Bn by 2026, according to TMR analysts.

The Asia Pacific logistics market is expected to grow rapidly over the forecast period. The study shows that, because of the development of the retail sector in e-Commerce, which is currently driving the logistics market, the worldwide logistics industry is expanding rapidly. A comparable trend is expected during the forecast period.

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Soaring Global Trade Puts Logistics Market on the Spot

The development of the world market in logistics is mainly attributable to increased global trade activity for developing economies, increased trade agreements and worldwide logistic infrastructure and progress on IT and transport. Globalization also fosters the logistics industry because the supply chain has become more and more complicated and more multinational companies are outsourcing the logistics services to third parties, seconds and fourths.

In addition, the logistics administration makes an organisation’s quality, price, flexibility and distribution more competitive. These variables are now helping organisations to improve their logistics activity. Logistics provides many benefits, including reducing operating costs, improving delivery and increasing client satisfaction. This is a key factor fueling the global logistics market in coming years.

Outsourcing to be Key Market Trend

The increased use of logistics services outsourced in the region has led to market growth. Growing imports and exports, together with the enormous demand for logistics services, are driving producers to trade worldwide as a result of economic growth and urbanization. The logistics infrastructure is improved to satisfy the requirement of additional logistics characteristics using the IT to ensure smooth data flows from one source to the next. This factor augments demand in the global logistics market to a great extent.

Free Trade Agreements to Bolster Logistics Market

The growth in trade-related contracts between the two nations is also an significant factor that affected the logistics industry. The FTA has allowed the taxes and obligations to be reduced. In addition, trade activities have increased as exporters and importers don’t have to pay government taxes. Trade bloc countries lift bans and flexibility in trade. These supportive initiatives are expected to drive the global logistics market greatly in forthcoming years.

The study presented here is based on a report by Transparency Market Research (TMR) titled, “Logistics Market (Type of Transport – Road, Waterways, Rail, Air; Application – Industrial and Manufacturing, Retail, Healthcare, Media and Entertainment, Military, Oil and Gas, Food and Beverages; Customer Type – B2B, B2C; Logistics Model – First Party Logistics, Second Party Logistics, Third Party Logistics, Fourth Party Logistics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”

Air Powered Vehicle Market is to be worth US$ 0.9 Bn by 2026

Transparency Market Research has released a new market report titled “Air Powered Vehicle Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” According to the report, the  global air powered vehicle market  is anticipated to expand at a CAGR of about 70% during the forecast period.

Air powered vehicle is a pollution-free vehicle that is powered by a compressed air engine. The air powered vehicle consists of compressed air tanks that hold compressed air and deliver the air at appropriate pressure, thereby providing power source to the vehicle. The air powered vehicle is pollution-free, economical, lightweight, easy to maintain, and has low operating cost.

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The global air powered vehicle is a technological development that contains high energy input, efficient released energy, controlled emission, and storage & fueling, and temperature. Major companies such as Motor Development International and Tata Motors have already developed and launched air powered vehicles. Furthermore, demand for air powered vehicles is projected to increase rapidly owing to the numerous benefits offered by the vehicle, such as zero emission, high energy density, high comfort, and improved technology and engineering dynamics. Increase in government support for environmental-friendly vehicles is projected to boost the air powered vehicle market during the forecast period. However, pure air powered vehicles have relatively low top speed, which is projected to hamper the market during the forecast period.

Based on energy mode, the single energy mode segment is projected to hold a prominent share of the market and expand at a CAGR of 66.81% during the forecast period. This high growth rate of the segment is primarily due to regulations imposed on the transportation industry in order to curtail carbon emission. This, in turn is estimated to boost demand for air powered vehicles significantly during the forecast period. Surge in awareness to opt for environment-friendly vehicles is a prime factor that is likely to boost the air powered vehicle market during the forecast period.

In terms of vehicle type, the passenger vehicle segment leads the air powered vehicle market. Rise in demand from consumers for  low emission vehicles , owing to emission regulations and policies, is a major factor that projected to fuel the air powered vehicle market during the forecast period. The segment is likely to hold more than 89% share of the market by the end of 2020. Additionally, technological advancements, pollution-free vehicle, relative low cost of the air powered vehicle are projected to attract passenger vehicle users to opt for this vehicle . This, in turn, is anticipated to drive the air powered vehicle market during the forecast period.

In terms of region, Europe dominates the global air powered vehicle market. Europe is projected to account for around 38% share of the market by the end of the forecast period. This is due to the region being a pioneer of the air powered vehicle. Rising awareness about emissions caused from vehicles and increasing adoption of emission-free vehicles are prime factors that are likely to augment the air powered vehicle market during the forecast period. Furthermore, presence of prominent OEMs and auto manufacturers in the region is projected to propel the air powered vehicle market in the region.

Prominent players operating the global air powered vehicle market include Motor Development International SA, Tata Motors, Magnetic Air Car, Inc., Engineair Pty Ltd, Honda Motor Co., Ltd., and Groupe PSA. Among global manufactures, Motor Development International SA is a pioneer of the air powered vehicle technology. Expansion and joint ventures undertaken by the company are projected to consolidate its position in the global market during the forecast period.

Knitwear Market is to be Reach US$ 817,402.7 Mn by 2026

According to a new market report published by Transparency Market Research titled ‘Knitwear Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global knitwear market is expected to reach US$ 817,402.7Mn by 2026, expanding at a CAGR of 5.3% from 2018 to 2026. In terms of volume, the market is expected to reach 26,208 million units in 2026, expanding at a CAGR of 5.0% from 2018 to 2026. Asia Pacific was the single largest knitwear market by region in the global knitwear market in 2017 and its market share is expected to increase during the forecast period.

The global knitwear market consists of global knitwear apparel brands and a large number of knitwear apparel sellers and re-sellers. The market is highly fragmented. Global knitwear brands such as Gap Inc. and Abercrombie & Fitch Co. and major activewear brands such as Adidas AG and Nike Inc.focus on research & development, design, logistics (purchasing and distribution), marketing and branding, and service to improve their position in the market. These companies have outsourced the manufacturing of knitwear, which has low value addition in the overall knitwear value chain, to low-cost Asia Pacific countries such as China, Bangladesh, and India. For example, in 2017, Adidas AG manufactured 97.0% of its apparel in Asia Pacific and only 2% of its production took place in the U.S. and one percent in Europe. Similarly, Nike manufactures all its apparel outside the U.S. through independent contract apparel vendors. In 2017, apparel contract factories located in China, Vietnam, and Thailand manufactured 26.0%, 18.0%, and 10.0%, respectively of the company’s total apparel production. Thus, Asia Pacific has become a prominent manufacturer and exporter of knitwear apparel. China, Bangladesh, India, Pakistan, and other South Asian and East Asian countries are major exporters of knitwear products across the globe.

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Thus, Asia Pacific has become a prominent manufacturer and exporter of knitwear apparel. China, Bangladesh, India, Pakistan, and other South Asian and East Asian countries are major exporters of knitwear products across the globe.

North America imports almost all of its knitwear products from Asia Pacific. Rising demand for branded innerwear from U.S. based brands such as Victoria’s Secret is increasing in the U.S. and other North American countries. Demand for sportswear is also rising in North America.

Knitwear is still manufactured in Europe but in lesser quantity. The unit cost to manufacture knitwear is high in the U.K. due to high wages; but many British designers prefer to manufacture in the U.K. due to short lead time and flexibility in minimum order quantity.

Although R&D and design of knitwear are majorly done outside Asia Pacific, the dominant knitwear manufacturing is done in China, India, Bangladesh, and Vietnam. The knitwear market is rising in India due to growth in the number of organized knitwear retailers selling branded knitwear products.

There is a rising demand for branded knitwear in the MEA. With approximately 62.0% of its population being young and middle-aged, the region imports knitwear products worth US$ 3.5 billion annually. Knitwear exporters such as Bangladesh export knitwear to the UAE to increase its knitwear revenue.

Industrial Gloves Market to Reach US$ 15,271.1 Mn by 2026

According to a new market report published by Transparency Market Research titled Industrial Gloves Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2026, the  global industrial gloves market  is expected to reach a value of US $ 15,271.1 Mn by 2026. In terms of volume, the market is estimated to expand at a CAGR of 13.9% during the forecast period from 2018 to 2026. In terms of volume, the industrial gloves market in North America and Asia Pacific is projected to witness the highest growth during the forecast period The market witnessed considerable growth due to increased demand for industrial gloves in pharmaceutical and automotive industries.

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The industrial gloves market is influenced by market dynamics with the prime driving factor being increasing growth in the pharmaceuticals, chemicals, and food industries market, apart from increasing awareness regarding worker safety and regulating bodies mandating the use of industrial gloves.On the other hand, one of the main challenging factors affecting this industry is local and inexpensive products. However, the industrial gloves market is expected to provide opportunity of expansion in untapped markets.

In 2017, based on product type, disposable gloves accounted for the largest market in the global industrial gloves market with a CAGR of 14.1% due to the fact that disposable gloves are widely used as they are most economical in terms of price. In terms of end use industry, automotive & transportation segment is anticipated to expand at a CAGR of about 14.5% in terms of value. By geography, North America, Europe, and Asia Pacific are expected to continue their dominant share in the industrial gloves market with more than 89.67% share.

Some of the major players in the global industrial gloves market are 3M Corporation, Honeywell Safety Products, Ansell Ltd., Lakeland Industries, Semperit AG, Showa Group, HartalegaSdn. Bhd., Dipped Products Plc., And Uvex Group.

Edible Packaging Market to Expand at a CAGR of 6.90% over 2016-2024

The demand within the global edible packaging market has been rising on account of the nascence and innovative appeal of this form of packaging, finds Transparency Market Research (TMR). The competitive dynamics of the global edible packaging market largely depend on advancements in the field of food packaging. The brilliance of a handful of market vendors in the global edible packaging market has given an edge to these vendors. Furthermore, the competition amongst the top-few market players has been escalating over the past few years. This is because each of the leading vendors are eyeing a lion share of the market. Several new trends pertaining to the competitive landscape of the global edible packaging market are projected for the forthcoming years.

The global edible packaging market has lately witnessed the emergence of small-scale vendors. Although the presence of these marginal vendors cannot challenge the position of the prominent players, the latter are expected to react to the entry of new players. The newbie vendors in the global edible packaging market are at a risk of being acquired by the larger players. Some of the key vendors in the global edible packaging market are WikiCell Designs Inc., MonoSol, LLC, Tate and Lyle Plc., and JRF Technology LLC.

Transparency Market Research (TMR) predicts that the global edible packaging market would expand at healthy CAGR of 6.90% over the period between 2016 and 2024. Furthermore, the global edible packaging market was valued at US$0.77 bn in 2016, and this figure shall reach a value of US$1.3 bn by 2024-end. On the basis of end-use, the food and beverages industry has become the most stellar consumer of edible packaging. Based on geography, the edible packaging market in Europe is projected to expand at a stellar pace in the years to follow.

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Improvements in the Packaging Industry to Aid Market Growth

The growth graph of the global edible packaging market has traced an upward trajectory in recent times. This primarily owes to the presence of a seamless industry for waste disposal and management. Edible packaging ensures that there is no leftover waste after a product has been consumed by the customers. Furthermore, the packaging sector has been developing new and improved methods for instituting proper packaging standards. This factor has also created a plethora of opportunities for growth within the global edible packaging market. The total revenues within the global edible packaging market are projected to increase in the years to come.

Preference for Biodegradable Packaging Methods

The past decade has witnessed several changes to the way people and organisations look at environmental degradation. Several international and local entities have joined hands in ensuring an eco-friendly world, and this has factor given rise to several new trends. The use of edible packaging is one such trend that is projected to gather prominence in the years to follow. Hence, total value of the global edible packaging market is expected to increase in the years to follow. Moreover, the focus given on edible packaging by retail outlets has also generated market demand.

The review is based on TMR’s report titled, “Edible Packaging Market (Material Type – Polysaccharides Lipid, Surfactant, Protein Films, and Composite Films; End User – F&B Manufacturing (Fresh Food, Cakes and Confectionery, Baby Food, and Dairy Products) and Pharmaceuticals) – Global Industry Analysis and Forecast 2016 – 2024”.

Industrial Packaging Market to Worth $73.25 bn USD by 2024

The rise of wearable technology and increasing interest in smart gadgets are leading to a growth in the electronics market which in turn, is creating demand in the global industrial packaging market. Another market that is leading to growth in industrial packaging market is pharmaceuticals. With new medicines hitting the market and more yet to hit the market (10 major drugs lost patent in 2018, few more are up for expiration over the coming years). To add to this are new players entering the generic market. Besides there is an increase in the incidence of chronic diseases expecting. This again would create demand for suitable industrial packaging.

As per a Transparency Market Research report, these factors would contribute to the growth in Global Industrial Packaging Market at CAGR of 4.1% CAGR during 2016-2024, taking the market worth to an impressive USD 73.25 bn.

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Competition to Intensify

The already fragmented global industrial packaging market is set to witness new players entering the landscape, making it more competitive. Prominent players include Smurfit Kappa Group PLC, Cascades Inc., Sonoco Product Co., International Paper Co., and Greif Inc. To maintain a firm grasp on market share, most players resort to strategic partnerships and collaborations.

North America to Dominate Growth

As per TMR’s report, while the North American region will experience notable growth owing to great technological advancement in packaging technique and automation, it will forego some of its manufacturing advantage to the Asia Pacific (APAC) region due to Vietnam, India and China upping the ante. Few other factors that would work in the favour of APAC are low labor costs and increasing industrialization. Rise in OEM and drug production in the countries of this region will fuel growth further. Besides, there is much scope for foreign direct investments encouraged by governments such as that in India. However, United States will continue leading the market in terms of manufacturing.

Prominent Opportunities of Growth in Plastic Industrial Packaging Segment

Development in technology along with increase in investment in research and development across sectors such as chemicals, pharmaceutical, construction and electronics will lead to increased demand for industrial packaging material. Construction output alone is expected to grow by a stellar 85% by 2030. The market value for this sector is supposed to reach USD 15.5 trillion by the end of the said period. About 57% of this share will belong to China, US and India. By the end of 2024, consumer electronics market is expected to reach to USD 1700 bn (approx.).

As per IQVIA Institute for Human Data Science, pharma spending is set to reach a USD 1.5 trillion by 2023. Against this backdrop, industrial packaging market will be seeing demand for durable, weather resistant and extremely safe packaging. One of the segments it will boost therefore is that of plastic packaging. With the introduction of bioplastics, the segment will flourish.

Distributed Control Systems (DCS) Market Trends and Research Insights by 2027

Global Distributed Control Systems (DCS) Market: Overview

A computerized control system for the supervision of a plant or a process is called distributed control system or DCS. Usually a distributed control system comes with many loops and in this system, autonomous controllers are distributed all over the system. However, a central operator supervisory control does not exist in the system.

The global distributed control systems (DCS) market is anticipated to witness stellar rise due to exponential growth of the power industry. In addition, increased capacity of power generation across the globe is together with expansion of the existing industrial infrastructure is developing parts of the world is expected to boost the market. In an effort to reduce carbon footprint on the environment, increased efforts are being made to generate power from renewable sources and nuclear energy sources. This is likely to boost expansion of the global distributed control systems (DCS) market in years to come.

Based on three different parameters, the global distributed control systems (DCS) market has been segmented. These parameters are industry, component, application, and region.

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Global Distributed Control Systems (DCS) Market: Notable Developments

One of the recent market developments related to the global Distributed Control Systems (DCS) market is as mentioned below:

• In Aug 2019, The U.S.-based pioneer in automation control, Honeywell Process Solutions (HPS), announced the entry of the latest version of Experion® LX, which is a various small and mid-sized companies. Innovations such as this is expected are expected to led to the development of the global distributed control systems (DCS) market.

Some of the key market players in the global distributed control systems (DCS) market comprise the below-mentioned:

• Honeywell International Inc.
• Larsen and Toubro Limited
• Schneider Electric SE
• Mitsubishi Motors Corporation
• Toshiba Corporation
• Rockwell Automation, Inc.

Global Distributed Control Systems (DCS) Market: Key Trends

The below-mentioned restraints, opportunities, and drivers that mark the global distributed control systems (DCS) market during the assessment period, from 2019 to 2027.

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Solar Water Desalination Plant Market Trends and Research Insights by 2027

Solar Water Desalination Plants: Introduction

• A solar water desalination plant produces potable water from saline water through direct or indirect methods of desalination powered by sunlight
• The design of a direct (or a passive) plant unit, generically called a solar still, can be quite simple
• Solar water desalination plants are powered solely by solar energy. Hence, weather conditions and variable solar intensity led by shifting position of the sun throughout the day can negatively impact the efficiency of these plants.
• The heat that drives the desalination process can also be provided by large arrays of sunlight-concentrating mirrors. However, it is expensive to manufacture and install those mirrors.
• Factors such as technical simplicity, low maintenance requirements, and ease of operation are highly important for successful installation of distributed solar powered desalination plant systems.

Key Drivers of Global Solar Water Desalination Plant Market

• Solar light can be considered a new energy source for desalination of water, primarily in offshore applications. Rising concerns related to climate change, carbon emissions, rapid growth of human population, and contamination of water resources lead to requirement for more amount of fresh water for both commercial and domestic usage.
• Growing environment-related concerns and rising usage of clean energy substitutes are estimated to be key factors driving the global solar water desalination plant market during the forecast period

• Government policies and initiatives favoring the installation of solar water desalination plant units are projected to provide immense opportunities to the global solar water desalination plant market during the forecast period

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Restraints of Global Solar Water Desalination Plant Market

• A large amount of concentrated brine is discharged from saline water desalination plants. This brine is not only salt concentrated, but it also contains chemicals such as anti-scaling agents from pre- and post-treatment. This results in high salt concentration in the area near the brine discharge point. Thus, brine disposal is an issue that challenges all desalination technologies.
• Efficiency of solar water desalination plant systems is purely governed by preferably high rates of heat and mass transfer during evaporation and condensation. Thus, surfaces need to be properly designed within planned objectives in terms of heat transfer efficiency, economy, and reliability.
• Also, Condensation heat is valuable, as a large amount of solar energy is required to evaporate water and generate saturated, vapor-laden hot air. This amount of solar energy gets transferred to the condenser’s surface during condensation. However, in most forms of solar stills, this heat of condensation is expelled from the system as waste heat.
• Solar-powered desalination plant installation is highly energy intensive and costly, which makes it economically unfeasible for large- and small-scale installations

Major Developments

• In October 2019, REvivED Water consortium and Trunz, in their pilot plant, conducted tests by using the combination of electro dialysis (ED), reverse electro dialysis (RED), and reverse osmosis (RO) for improving the efficiency of solar seawater desalination
• In July 2019, researchers from Rice University in the U.S. used ‘inexpensive plastic lenses’ to concentrate sunlight and create ‘hot spots’ on solar-powered desalination systems
• In April 2019, Niti Aayog announced that India’s first solar-powered desalination plant would be set up in the state of Tamil Nadu, India. Under this project, India has planned to build desalination plants along the 7800-kilometer coastline of Tamil Nadu.
• In November 2018, a symbolic foundation stone for the 5,200-m3/d desalination facility, which would located on the Red Sea coast at Yanbu, Saudi Arabia, was laid by King Salman during his visit to King Abdul-Aziz City for Science and Technology (KACST) in Riyadh, Saudi Arabia. Under this project, Saudi Arabia has planned to build a solar-powered desalination plant by using the adsorption technology.

Middle East & Africa to Hold a Major Share of Global Solar Water Desalination Plant Market

• Based on region, the global solar water desalination plant market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa

Workflow Automation Market Trends, Competitive Landscape, Forecast by 2027

Global Workflow Automation Market: Overview

The global workflow automation market is growing at a stellar pace in recent times. The business sector has undergone grassroot-level changes, and has embraced new technologies. Processes that can expedite the growth of businesses are readily adopted across industrial frameworks. There is a stellar need for improved workflows and functionalities across businesses, and industry leaders are earnest about accomplishing this requirement. The past decade has been resplendent with the development of improved technologies based on automation, artificial intelligence, and machine learning. In this scenario of rapid technological disruptions, the business sector is also looking to overhaul its operational dynamics. Therefore, the global workflow automation market is expected to attract increased revenues in the years to follow.

A report on the global workflow automation market by Transparency Market Research (TMR) uncovers several factors related to market growth. The global workflow automation market can be segmented on the basis of end-use, application, and region. Based on end-use, the demand for workflow automation in business functionalities has been tremendous. The indispensability of workflows within all organized businesses can be quoted as a key reason behind this trend.

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Global Workflow Automation Market: Notable Developments

The rapid strides of development that have offset across the business sector have given rise to several key changes in the competitive dynamics of the global workflow automation market.

Charlie AI, a Vancouver-based start-up, has recently launched its homegrown product for workflow automation. The company announced the limited release of its new product that is meant to automate workflows across the financial domain of businesses. The start-up has successfully developed a solution that can expedite tasks related to scheduling, customer communications, and invoicing. The intent behind the product is to expedite processes that may otherwise consume excessive time.

Asana, a renowned work management vendor, has also entered into the workflow automation market. The company has added a range of new automation features to its existing solutions. It has ventured into the area of digitizing text from images, and this is a key development for the company.

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Global Workflow Automation Market: Growth Drivers

• Integration of Automation Technologies

  The growth of an organization is enshrined in its ability to increase the efficiency of its people and resources. Integration of automation technologies in automation offers wider scope for improvisation within businesses. This integration also facilitates faster deployment of business functionalities and more efficient execution of tasks. Therefore, the use of workflow automation across global organizations has become an undelayable feat. It is also safe to assert that the use of workflow automation has improved the overall efficiency of several industries. The design and execution of processes within an enclosed setup depends on the nature of operations the setup caters to. Therefore, workflow automation comes into play right at the inception of a setup.
• Need for Faster Retrieval TimeThe global workflow automation market has amassed a large volume of revenues from the commercial sector. The need for standardization, quick communication, and faster retrieval time across this sector has paved way for the integration of workflow automation.  Furthermore, the importance of data management and information sharing within organizations has shifted the focus towards automation technologies. The use of workflow automation helps in minimizing the scope of error in data storage and retrieval. Besides, workflow automation can be integrated in accordance to the pre-defined rules of a business or organization.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Demolition Equipment Market Trends and Research Insights by 2027

Global Demolition Equipment Market: An Overview

The task of demolition has become tougher with the day. Advances in engineering of machinery has enabled manufacturers provide equipment that are not only robust and sturdy but also ensure the safety of operators. New hydraulics has been incorporated with demolition equipment, the working range of machines has been expanded, and their uptime has seen vast improvement over the years. Thus the demolition market has seen constant unveiling of technologies that can meet the demanding requirements of end users. Countries where demolitions are common, such as earthquake-prone nations, have shaped the demand dynamic of the overall demolition equipment market. Manufacturers have also expanded their foothold by offering range of services. Industrial robotics has paved way for new technological avenues in the demolition equipment market.

The types of machinery to which demolition equipment has been attached to include backhoe loaders, wheel loaders, material handlers, hydraulic excavators, track loaders, skid steer loaders, and multi terrain loaders.

Global Demolition Equipment Market: Growth Dynamics

The demolition equipment market is witnessing new growth dynamics in scrap recycling applications. A steady force behind this is the growing approach of the construction industry toward sustainable materials management approach.

The growing popularity of machine-mounted machinery for demolition has been a key trend shaping the dynamic of the demolition market. Advances in the way methodology and equipment are used for high-scale demolition, new technologies have come to the fore and reduced the time spent onsite as well as cost. Rapid pace of urbanization has unlocked a new potential in the demolition equipment market. Over the past few years, the concept of smart cities has gained traction in numerous countries world over. This has spurred the demand for demolition equipment to demolish aging infrastructures. Growing spending of governments in reconstruction works in these countries are helping in catalyzing the high sales of demolition equipment.

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Global Demolition Equipment Market: Notable Developments

In recent years, remotely controlled demolition equipment has offered fresh stream of revenues to the demolition equipment market. This has been driving the demand for state-of-the-art electrical systems to improve the performance of demolition equipment. A case in point is a series of remote-controlled demolition machines unveiled by Brokk AB. It has been focusing on making electrical system powerful enough to support the high-performance requirements of demolition works, particularly in the mining industry. Changing demands underpin the constant feature advancements by prominent manufacturers.

Some of the prominent players operating in the demolition equipment market are:

• McClung-Logan Equipment Company, Inc.
• Caterpillar Inc.
• AB Volvo
• Hughes & Salvidge Limited
• Komatsu Europe International N.V.
• Hitachi Construction Machinery Co., Ltd.
• Hyundai Construction Equipment India Pvt. Ltd.

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Automotive AR and VR Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027

Global Automotive AR and VR Market: Overview

Augmented (AR) and virtual reality combine truth with digital content. Automotive businesses are relying on AR & VR to improve their production, maintenance, cockpit individualization, efficient publicity and marketing to improve client satisfaction. Special 3D programs for AR apps are developers who incorporate real-world digital contexts. In order to provide synthetic experience and virtual feedback, the VR uses the head-mounted display (HMD) through an artificial world. The automotive AR & VR market is witnessing growth due to the need for economic, effective production programs, with real-time information analysis.

Transparency market research has announced the inclusion in its ever-growing repository of a study on high-performance computing. All sections in AR and VR are anticipated to be covered in this study. This includes essential information that are expected to assist in the forecast period to anticipate automotive AR and VR market growth.

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Global Automotive AR and VR Market: Notable Developments

Some of the recent development in the global automotive AR and VR market are-

• Major enterprises develop sophisticated technologies and launch fresh goods to remain competitive on the market. Fusion & acquisitions and fresh product trends include other competitive policies. Companies such as Continental have begun to show important data on the windshield using the Augmented Reality Head Up Display. In addition, fresh vehicles like the BMW 7 Series already have head-to-head displays.

• Due to the growth of ADAS, low-cost LiDAR sensors are increasing. The future effect on the AR-based HUD of LiDAR at a lower cost. The main road issues are occupational safety, car security and pedestrian safety. Therefore, cars with technological developments and safety systems such as ADAS are smarter and independent to meet these requirements.

• The emergence of technological advances in connectivity increased the need for enhanced and VR alternatives; the economic advantages of enhanced and VR alternatives are driving sector development.

• Blue Vision Labs, a cooperative enhanced-truth firm obtained from Lyft Inc., a transport network firm, to enhance self-driving vehicle schemes. Phiar, one of the leading automated teaching companies with augmented reality, recently raised $3 million to develop an AR driver navigation app.

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Global Automotive AR and VR Market: Growth Dynamics

Increased apps are created on a unique 3D program which will help developers to incorporate digital content in the true globe at a notable rate. In general, smartphones, tablets or headsets achieve it. This applies. As it shows navigations and intelligent signaling on the windshield, AR is seeing considerable acceptance in the vertical automotive.