Brake Shoe Market is Projected to be driven by Rise in Demand for Passenger Vehicles

Brake shoe is a commonly used term for the braking system of vehicles. In drum brake, brake shoe is coated with friction material and is pushed by hydraulic piston against the inner surface of the drum. This generates friction which converts kinetic energy into heat and stops the drum and the attached wheel from rotating. Ceramic and asbestos are used in brake shoe.

Perennial increase in demand for passenger vehicles, significance of braking system in vehicles, rise in demand for commercial vehicles in developing countries owing to rapid industrialization and the growing construction industry. These factors are estimated to drive the brake shoe market during the forecast period. However, growing demand of disk brakes in vehicles is likely to hamper the market of the brake shoe in forecast period.

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The brake shoe market can be segmented based on type, vehicle, sales channel, and region. Based on type, the brake shoe market can be segregated into three types. The functions of different types of brake shoe are same but their assemblies are different. Leading shoe moves in the direction of rotation when pressed against the drum. This type of brake shoe is essential during forward and reverse braking. It offers stable braking force. Leading shoe is mainly used in passenger vehicles. The leading/trailing type of shoe segment, owing to these factors, is projected to dominate the brake shoe market during the forecast period.  The other two types of brake shoe are used wherein strong braking force is required and are widely used in trucks and other commercial vehicles.

Based on vehicle, the brake shoe market can be classified into passenger vehicles and commercial vehicles. Commercial vehicles are segregated into light commercial vehicles, heavy commercial vehicles, buses, and coaches. The passenger vehicle segment constitutes a major share of the brake shoe market. The passenger vehicles segment can be sub-divided into hatchbacks, sedans, SUVs (Sport Utility Vehicle), MUVs (Multi Utility Vehicle), and luxury cars. Continuous increase in production of passenger vehicles in developing and developed countries owing to rapid urbanization, growing economies, and supportive governmental policies are expected to propel the brake shoe market during the forecast period.

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Automotive Antifreeze Market is mainly driven by Increasing Production Volume of both Passenger as well as Commercial Vehicles

Automotive Antifreeze Market: Overview

Antifreeze agent, is an additive that is used in a vehicle to prevent damage to the engine, which is caused due to the freezing of the liquid coolant in the engine. Ability to prevent corrosion, excellent heat transfer, prevention of deposits on the engine, stability at high temperature, good compatibility with hard water, plastics and elastomers, low foaming tendency, and freeze protection are the characteristics desired of an antifreeze agent.

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Automotive Antifreeze Market: Drivers and Restraints

Increasing production volume of both passenger as well as commercial vehicles in recent years is expected to drive the automotive antifreeze market during the forecast period. Rising demand for high performance vehicles, particularly sports vehicles, across the world, especially in North America and Europe, is anticipated to further fuel the automotive antifreeze market in the near future. Increasingly stringent norms and regulations regarding improved fuel efficiency, which are being laid down by governments of various nations across the world, is boosting the demand for contaminant-free and more efficient vehicle engines. This is expected to boost the automotive antifreeze market during the forecast period.

Selection of the proper antifreeze agent is highly important in determining the overall efficiency and performance of the vehicle. Presently, vehicle manufacturers are designing vehicle engines in such a way that engine performance and efficiency of the vehicle is enhanced. Thus, the automotive antifreeze agent, which is well suited for the engine of one vehicle, may not necessarily suit the engine of another vehicle. If proper care is not taken while selecting the antifreeze agent for a vehicle, it can have adverse effects on the engine and overall performance of the vehicle. This is anticipated to hamper the automotive antifreeze market to some extent during the forecast period.

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Airport Stands Equipment Market is driven by Technological Advancements

Airport Stands Equipment Market: Overview

Airport stands equipment are used as predetermined stands on the aircraft ramp during the arrival, and departure of flights to ensure efficient operation of fights, provide comfort for passengers and airport staffs, adequate safety, and ensure smooth functioning of all operations related to aircrafts. Besides this, quality airport stand equipment ensure free, and efficient operation.

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Drivers and Restraints

The major factors contributing towards the growth of the airport stands equipment market includes technological advancements, increasing demand in commercial aviation applications and extensive safety norms to perform intricate operations with reduced risks, cost associated with the use of stand equipment, and least human intervention. Furthermore, the growth of the global airport stands equipment market is anticipated to be driven by increasing demand for upcoming airports, ground support equipment such as preconditioned air unit, stand entry guidance system, and electrical ground power unit. With advancements in technology, the rate of air traffic, and airport upgradation has increased significantly, which is expected to fuel the growth of the global airport stands equipment market. The high growth potential in emerging markets, and increase in demand for product refurbishing market, is anticipated to offer significant opportunities to market players associated with the airport stands equipment market. Moreover, growth in international tourism has led to an expansion of existing airports, and construction of new airports, which is expected to stimulate the growth of the airport stands equipment market during the forecast period. However, there are some key challenges, which are expected to impede the growth of airport stands equipment market on a smaller scale, which mainly includes optimum utilization of resources, and rising operation expenditure.

Rising demand for brownfield airport projects and growing various number of energy-efficient projects are some of the key trend in the airport stands equipment market.

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Global Body Worn Insect Repellent Market: Plant-based Body Worn Insect Repellent to be in High Demand

Transparency Market Research observes that the global body worn insect repellent market is high fragmented due to the presence of several players. The market also has a strong presence of local players. Majority of the companies operating in the global body worn insect repellent market are focusing on developing plant-based products to cater to the trend of using natural products. Some of the leading companies in the global market are Godrej Group (Good Knight), Larus Pharma Srl, E.I. du Pont de Nemours and Company, Reckitt Benckiser Group Plc, Insect Shield, LLC, and ExOffcio LLC.

According to the research report, the global body worn insect repellent market is estimated to be worth US$659.01 mn by the end of 2025 from US$304.85 mn in 2016. During the forecast period, the global market is expected to surge at a CAGR of 9.29%. In terms of geography, the Asia Pacific body worn insect repellent market is expected to rise at a CAGR of 10.43% between 2017 and 2025. Out of the various oils and creams available in the global market, the plant-based ones are expected to be used extensively as the awareness about eco-friendly products continues to be on the rise.

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Rise of Arthropod Borne Diseases Poised to Drive Global Market

The demand for body worn insect repellent has been remarkably high in the recent years. This demand will be fueled by the spike in the arthropod borne diseases across the world. The inability to control the growing number mosquitoes has led to several diseases in recent years. Malaria, chikungunya, and dengue, especially in the developing countries, have given rise to the demand for body worn insect repellents in recent years. The report states that the growing number of healthcare awareness programs are also likely to fuel the uptake of body worn insect repellents. These are usually worn on apparels to prevent bites that could lead to severe conditions. The stringent efforts to prevent epidemics is expected to play a major role in the soaring demand for these repellents in the forthcoming years.

Furthermore, as agriculture continues to be a primary source of occupation, employees or farmhands are expected to use body worn insect repellents to keep bites at bay. Similarly, those working in oil and mining sector are also likely to be the key end users of these repellents. Analysts predict that the demand for plant-based body worn insect repellents is likely to remain at an all-time high. This trend will be fuelled by the growing awareness amongst end users about using organic or natural products for the skin. The minimum-side effects of plant-based products is yet another unique selling point of these repellents. Though oils and creams are extensively used for keeping insects and mosquitoes away, the report highlights that stickers will be in great demand. The convenience of using stickers on clothes is expected to drive their demand in the foreseeable future.

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Global Fencing Market: Players Build New Products Having Improved Functionalities to Drive Sales

Fencing – installed to prevent unwanted access to your property by burglars and stray animals, to prevent pets from escaping, and sometimes simply for show – is a multi-billion dollars’ worth market these days. Manufacturers are producing them using various materials such as wood, metal, plastic, composite, and concrete to suit the various needs of buyers.

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In order to expand their market share, the manufacturers are seen focusing on end-to-end, enhanced solutions, product development, and improved customer service. Some of the noteworthy players in the global fencing market are Jerith Manufacturing Company Inc., Allied Tube and Conduit, Ameristar Fence Products Inc., Associated Materials LLC, Betafence NV, Bekaert, CertainTeed Corporation, Long Fence Company Inc., Gregory Industries Inc., and Ply Gem Holdings Inc.

In recent report on the market for fencing, Transparency Market Research states that it will progress at a steady 4.5% CAGR from 2017 to 2025 to clock a value of US$36.0 bn by end of 2025.

Depending upon type, the global market for fencing can be divided into agricultural/livestock wire fence, commercial wire fence, etc. Agricultural/livestock wire fence, among them, accounted for a dominant share of 39.0% in 2016. The segment is also expected to clock maximum growth pace over the course of the forecast period.

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Geography-wise, North America, South America, Europe, Asia Pacific, and the Middle East and Africa are the main regions in the global market for fencing that have been studied in the report. North America dominated the market with a significant 32.0% share in 2016 on the back of flurry of residential and industrial construction projects. The large number of pet owners in the region too are providing a fillip to demand.

Global Air Cargo Market: E-commerce to Offer Immense Growth Opportunities

The global air cargo market is teeming with several international, regional, and local air cargo service providers, for the market to feature a fragmented vendor landscape, observes Transparency Market Research (TMR) in a new report. These players operate as chartered services, combination airlines, and all-cargo airlines, which makes the market intensely competitive. In addition, topnotch players are likely to foray in uncharted areas to up their revenue share in the market. These players are strategizing to keep air cargo fares most reasonable, which will help expand their customer base and up revenue.

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Prominent names in the global air cargo market include Cathay Pacific Cargo, FedEx Express, DHL Aviation, and UPS Airlines.

As per estimates of the TMR report, the global air cargo market is likely to be worth US$130.12 bn by the end of 2025, expanding at a CAGR of 4.9% for the forecast period between 2017 and 2025. By end user, pharmaceuticals and healthcare is likely to exhibit tremendous growth opportunities to the air cargo market. This is for urgent medical supplies to individuals affected from natural calamities and in war-torn areas. Geographically, Asia Pacific is anticipated to continue to remain leading air cargo market among other key regions.

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Global Functional Apparel Market: Established Players Strive to Introduce New Product Categories to Expand Brand Value

With the presence of a large number of players that offer application-specific products, the global functional apparel market is fragmented, states Transparency Market Research in a new report. Players in the market are investing substantially in innovative technology to introduce novel products that offer flexibility, durability, and comfort. Research and development to introduce eco-friendly fabric to serve the demand for eco-friendly performance clothing is also the focus of players in the functional apparel market. Such initiatives will help market players expand their brand into new categories.

Prominent names in the global functional apparel market include Addidas, Columbia, MIZUNO Corporation, New Balance Inc., Icebreaker, Wacoal, Calvon Klein, Hanesbrand Inc., and French Connection among others.

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According to estimates provided by a TMR report, the global functional apparel market is anticipated to clock an impressive 13.5% CAGR during the forecast period between 2017 and 2025. At this pace, the market will be valued at US$244.61 bn by the end of 2025.

On the basis of type, the functional apparel market is divided into sportswear, outdoor apparel, footwear, socks, and innerwear. Of them, the footwear segment is anticipated to display faster growth rate over the forecast period. Region-wise, North America is anticipated to emerge as the leading regional market for functional apparel over the forecast period from 2017 to 2025. As individuals are adopting physical activity and fitness regimes, the demand for sportswear apparel and footwear with sweat-free, antimicrobial, and anti-odor features is anticipated to be on the rise in the region.

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