Scissor Lift Market Segmentation and Industrial Overview Forecasts to 2027

According to the new research report published by The Insight Partners, titled “Scissor Lift Market - Global Analysis and Forecast to 2025”, the global scissor lift market is expected to reach US$ 3,682.1 million in 2025, registering a CAGR of 4.3% during the forecast period 2018-2025.  

The scissor lift market has experienced significant growth and adoption rate in the past few years and is expected to experience notable growth and adoption in years to come. One of the major reason for surged adoption of scissor lift is the rapidly increasing investment in construction and infrastructural development. The world is known to witness a dramatic increase in its urban population creating pressure on the construction industries to come up with a robust plan of action. Owing to this pressure the construction machinery manufacturers are encouraged to focus upon the development and updation of their present product lines. In the coming years, scissor lifts are projected to perform various tasks that comply with the forthcoming demands of the end users.

Top Dominating Key Players:

1. Terex Corporation
2.  JLG industries
3. Aichi Corporation
4. Haulotte Group
5. Linamar Corporation
6. MEC Aerial Work Platforms
7. Galmon (S) PTE. Ltd.
8. Wiese, Inc
9. Edmolift AB
10. Advance Lifts Inc.

These changes comprise of enhanced safety and maximizing capacity. The Scissor lifts are inherently safer and more practical than ladders. Also, these machine/equipment are considered as much more economical than various other powered lifting equipment, and thus they are among the frequently invested machinery in industries, especially construction and manufacturing. While investing in scissor lifts, there are myriad aspects that the investor looks upon. Safety, productivity, and efficiency are some of the critical elements of them.

The global scissor lift market has been segmented based on movement type, i.e., mobile scissor lift and fixed scissor lift. The mobile scissor lifts have widely gained popularity owing to their ability to accommodating the flexible production lines. Further, the mobile lifts are demanded more in the applications involving mobility within the space and transportation of loads where the assembly lines are required to be frequently reconfigured.

Key findings of the study:

Europe is anticipated to account the largest market share of the scissor lift market and is expected to register a CAGR of 4.3%

Based on the movement type, the mobile scissor lift segment is expected to witness high year on year growth during the forecast period

Countries such as China, Brazil, and India are witnessing high demand for scissor lift due to the increasing construction activities and government projects.

Asia-Pacific holds the second largest market share.  The large role played by the governments of different countries based in the APAC region for supporting the infrastructure development is positively impacting the market. Further, the Building and Construction Authority (BCA) of Singapore expects that the construction projects in Singapore during the year 2018 has reached around US$ 26.31 Bn. The constant development and rising need for housing in the region are further expected to influence the scissor lift equipment market during the forecast period.

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High Voltage Cable Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2027

Worldwide High Voltage Cable Market Analysis to 2027 is a specialized and in-depth study of the High Voltage Cable Industry with a focus on the global market trend. The report aims to provide an overview of global High Voltage Cable Market with detailed market segmentation by product/application and geography. The global High Voltage Cable Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the High Voltage Cable players and offers key trends and opportunities in the market.

High Voltage Cable Market accounted to US$ 28.8 Bn in 2018 and is expected to grow at a CAGR of 6.1% during the forecast period 2019 – 2027, to account to US$ 47.8 Mn by 2027.

The high voltage cable market is led by the Asia Pacific region in 2018, followed by Europe in the second position. The dominance of the Asia Pacific region is chiefly attributed to the rising electricity demand and the vast potential for renewable energy generation. As per the International Renewable Energy Agency (IRENA), the region accounts for more than 50% of the global energy consumption, and energy produced using fossil fuel resources continue to account for more than 85% of this.
End-users of high voltage cables market is segmented into Industrial, renewable energy, and infrastructure segment. Industrial is the largest revenue-generating end-user segment and is expected to maintain its dominant position throughout the forecast period. However, renewable energy is the fastest-growing market owing to intensive investment from major developing economies of Asia Pacific region.

Top Dominating Key Players:

1. Dubai Cable Company - Ducab
2. Furukawa Electric Co., Ltd.
3. Nexans SA
4. NKT A/S
5. Prysmian Group (General Cable Corporation)
6. Siemens AG
7. Southwire Company, LLC
8. Sumitomo Electric Industries, Ltd.
9. TELE-FONIKA Kable SA (TF Kable)
10. ZTT Group

High Voltage Cable Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.

The High Voltage Cable Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

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Airline Retailing Market to Witness an Outstanding Growth by 2027

According to the new research report published by The Insight Partners, titled “Airline Retailing Market - Global Analysis and Forecast to 2027”, the global airline retailing market is expected to reach US$ 27.66 Bn by 2027, registering a CAGR of 16.4% during the forecast period 2019-2027.

The airline retail market is witnessing growth through the pre-boarding segment. This is due to the fact that the major airlines are offering an opportunity to the flyers to pre-book their merchandises, accessories, alcohol, and beauty products, among others during ticket booking. The airline customers also have the flexibility to purchase the products any time before their flights depending on the airline’s terms & conditions. The key benefit of the pre-booking of products is that customers can choose the delivery of the product at the airport or on-board. This benefits the passengers by carrying a lesser quantity of the luggage, which further reduces the risk of incurring excess baggage fees.

Top Dominating Key Players:

1. Air France/ KLM
2. AirAsia Group Berhad
3. British Airways Plc
4. Deutsche Lufthansa AG
5. Easy Jet PLC
6. Korean Air Lines Co., Ltd
7. Qantas Airways Limited
8. Singapore Airlines Limited
9. Thai Airways International Public Co., Ltd
10. The Emirates Group

The post-board retailing segment is experiencing turbulence in the current years, as several well-established full service carriers are ceasing their in-flight duty-free retail segment. This is majorly due to the rising trend of airport shopping and online shopping. To counter the trend of shopping at the airports, various airlines are partnering with retailers, and are offering products at discounted prices. Despite this strategy, multiple airlines are still facing a decline in their on-board retail revenues.

The future of the airline retailing market is prominent attributing to the fact that, several airline companies are introducing advanced technologies to boost their retailing business. The increasing trend of adoption of budding technologies such as artificial intelligence (AI) and analytics into retailing sector ensures the airlines to understand customer preferences. This enables the company to invest new and flexible product offerings, which is foreseen to drive the airline retailing market. Moreover, the increasing number of low cost carriers offering both pre-boarding and post-boarding duty-free shopping opportunities is anticipated to attract a significant percentage of air passengers, thus, catalyzing the growth of airline retailing market.

The global airline retailing market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. Europe is expected to contribute largest market share by the year 2027.

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Civil Drone Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2027

According to the new research report published by The Insight Partners, titled “Civil Drone Market - Global Analysis and Forecast to 2027”, the global civil drone market is expected to reach US$ 21.61 Bn by 2027, registering a CAGR of 14.3% during the forecast period 2019-2027.

Drones are believed to be of immense advantage in these domains, especially in support of public safety, search and rescue operations and disaster management. In case of natural or man-made disasters like floods, Tsunamis, or terrorist attacks, critical infrastructure including water and power utilities, transportation, and telecommunications systems can be partially or fully affected by the disaster. This necessitates rapid solutions to provide communications coverage in support of rescue operations. The market of unmanned aircraft systems (UAV), which is generally referred to as drones is developing. Civil drones have the potential to transform business models and tackle societal challenges around the world.

Top Dominating Key Players:

1. 3D Robotics, Inc.
2. Aerovironment, Inc.
3. Aeryon Labs, Inc.
4. Drone Volt
5. ECA Group
6. Insitu, Inc.
7. Intel Corporation
8. Parrot SA
9. Precisionhawk Inc.
10. SZ DJI Technology Co., Ltd
11. Yuneec International

Drones have already expanded their business to the consumer market, and now they're being put to work in civil government and commercial applications. This expansion is creating a market opportunity for many commercial drone providers around the world. Drones can be used for various application such as in agriculture industry it can increase crop yields. Similarly, it is used in various other applications such as energy & power, real estate, and others. Large enterprises and growing start-up are investing in commercial drones. For the implementation of civil drones, it would require new types of airspace management, privacy and data ownership policies, and physical infrastructure. Setting the right policy foundation for industry cooperation through smart government regulation and industry-driven standards would accelerate the adoption of new business models once the technology and infrastructure are mature.

The civil drone market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East & Africa, and South America. The North America region holds the highest market share, whereas Asia Pacific is projected to be the fastest-growing region as well in the coming years. The APAC region consists of many developing countries owing to growing infrastructural projects, improving standard of living, rising population, and disposable income. The above mentioned are subjected to have a positive impact on the commercialization of civil drone within professionals. Further, digital initiatives along with the adoption of advance technologies by the Asian countries have drove strong government support for adopting drone for particular.

The civil drone market by application is segmented into agriculture, real estate/infrastructure, energy & power, and others. The energy & power holds a significant share in the market and on the other hand real estate/infrastructure is expected to continue its dominance in the forecast period as well. Increase in the number of construction projects such as residential building, shopping mall, commercial buildings and other infrastructures worldwide is fueling the demand for advanced civil drone. This factor is responsible to accelerate acceptance of civil drone in real/estate sector. By type, the market is segmented into fixed wing and rotary wing. The rotary wing holds the largest market share in the market.

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Load Bank Resistor Market Poised to Expand at a Robust Pace by 2027

Load Bank Resistor Market is estimated to account US$ 214.5 Mn in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2018 – 2027, to account to US$ 318.6 Mn by 2027.

 The global power generation industry is growing flamboyantly in recent years. The demand for power generation is constantly upsurging attributing to the increase in industrialization and urbanization. The rising economic conditions in different regions across the globe has resulted in movement from rural areas to urban areas, which has increased in the real estate sector. The growing number of residential sectors and commercial sectors (hospitals, banks, shopping malls, airports, and railway stations) is increasing the demand for electrical power supply. Additionally, the industrial sector is also growing with the increase in demand for several commodities. The industrial sector is one of the prominent end-users of electrical power. Pertaining to the rise in industrial facilities across the globe, the need for electricity is growing.

Top Leading Market Players:

1. ASCO Power Limited
2. Cermet Resistor Pvt. Ltd.
3. Cressall Resistor Ltd.
4. Crestchic Limited
5. Danotherm Electric A/S
6. Mosebach Manufacturing Company
7. Sandvik AB
8. Tutco-Farnam Custom Products
9. Vishay Intertechnology, Inc.
10. Widap AG

Load banks offer tremendous advantages to end-users businesses. Regular maintenance and testing of standby gen-sets such as annual load bank testing are highly recommended as these gen-set play a critical role in the seamless continuity of business. Testing of power equipment and turbines with load banks enhances the reliability of the power systems, reduces maintenance costs, improves engine efficiency, prevent oil deterioration, lessens smoke exhaust, and finally increases the lifespan of the equipment. With the increase in orders and purchase of load banks, the load bank manufacturers are increasingly procuring load bank resistors, which is catalyzing the revenue growth of load bank resistor market.

The increasing investment towards development of load bank resistor market is intended towards supplying of consistent power supply to different industries. For instance, in 2019, ASCO launched Sigma LT Control System for 5000 Series Load Banks. The Sigma LT digital control system can now be utilized for offering advanced control and data logging for ASCO’s Model 5505, 5605, and 5905 load banks. Similarly, in the same year, Danotherm’s sister company ATE Electronics introduced next power level thick film resistor PR800. This new resistor has 30% higher power capability when compared with the latest PR600 with the same footprint of 57(65) x 60mm. These resistors are mainly used in many low and medium voltage filter applications.

Some of the factors propelling the market for load bank resistor include the increasing demand for load test activities for gen-sets, portability and reliability are the key attractions to the end-users. However, volatility in raw material cost is a key restraint that is hampering the growth of the load bank resistor market. Nonetheless, quest for renewable energy is anticipated to be opportunistic for the load bank resistor market.

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Embedded Computing Market to Witness an Outstanding Growth by 2027

Embedded Computing Market is estimated to account US$ 32.09 Bn in 2018 and is expected to grow at a CAGR of 8.7% during the forecast period 2018 – 2027, to account to US$ 67.29 Bn by 2027.

The growing adoption of IoT application in diverse industries is one of the crucial factors influencing the embedded computing market. Additionally, the increased need for superior performance, secure connectivity, lower cost, power efficiency, and faster time to market are other significant factors bolstering market growth. Smaller and energy-efficient semiconductors are now available in the market owing to advancements in the design of semiconductor. It has further enabled design engineers to enhance security and system intelligence across a wide range of products. Embedded systems are well-matched to fulfill the demand for such products.

Top Dominating Key Players:

1.  Advantech Co., Ltd.
2.  ARM Holdings PLC
3.  Fujitsu Limited
4.  International Business Machines Corporation
5.  Intel Corporation
6.  Microchip Technology Incorporated
7.  Qualcomm Incorporated
8.  Renesas Electronics Corporation
9.  STMicroelectronics N.V.
10.  Texas Instruments Incorporated

The application of an embedded system in vehicles has witnessed a high growth in the past two decades owing to demand better features. Also, the emergence of autonomous cars is a key factor expected to influence the demand for embedded systems in the automotive sector. In February 2019, STMicroelectronics collaborated with Virscient to allow quicker delivery of connected-car systems with ST’s Telemaco3P automotive application processors. ST’s Telemaco3P integrates Dual-Arm Cortex-A7 processors with an independent Arm Cortex-M3 subsystem, an embedded hardware security module, as well as a set of connectivity interfaces.

The embedded computing market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. The Asia Pacific is projected to be the fastest-growing region in the global embedded computing market. Also, the Asia Pacific, followed by North America, holds the highest market share in the embedded computing market in 2018.

The Asia-Pacific market for embedded systems and solutions is also largely driven by factors such as growing internet of things (IoT), substantial growth in consumer electronics demand, rising connected cars market, and growing usage of robotics. Ever-increasing consumer electronics industry in the Asia Pacific is expected to provide a promising growth to the region in the embedded systems market during the forecast period. Embedded systems are installed in consumer electronics products such as digital cameras, high definition televisions, set-top boxes, and DVDs. The region accounts for the major consumer electronics share in the global market, with China being the biggest country.

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Automotive Bushing Technologies Market Insights Growth Opportunities and Forecast to 2027

According to the new research report published by The Insight Partners, titled “Automotive Bushing Technologies Market - Global Analysis and Forecast to 2025”, the global automotive busing technologies market is expected to reach US$ 9.9 billion in 2025, registering a CAGR of 3.6% during the forecast period 2017 to 2025.

In 2017, Asia-Pacific accounted for the largest revenue share of little less than three-fifth of the total market share, followed by Europe.

The gaining importance for fuel efficiencies while driving and surging demands for smoother rides have translated into healthy growth for bushing products in the passenger cars. Bushings being used as products that are used to isolate the vibrations and noises and reduce the energy being transmitted to the vehicle occupants by damping them have gained significant importance in the modern times.

Top Leading Market Players:

1. BOGE Rubbers & Plastics
2. Continental AG
3. Cooper-Standard Holdings Inc.
4. Federal-Mogul LLC
5. Hyundai Polytech India
6. Nolathane
7. Paulstra SNC
8. SumiRiko AVS Germany GmbH
9. Tenneco Inc.
10. Vibracoustic GmbH

McPherson and Coupled Torsion Beam Axle (CTBA) suspension systems occupy lesser horizontal and vertical spaces and are therefore used by the car manufacturers to reduce the overall cost of the cars. These types of suspension systems are typically used in the lower segment and entry level cars such as Class A and Class B. Also, double wishbone and multi-link suspension systems occupy more engine spaces and are expensive systems as compared to the other two. These two suspension systems however offer the best stability and dynamic response to a car while it is moving and are therefore used in premium and luxury cars.

The growth of this technology is very high as more and more countries are increasing investing to implement in this technology for sustainability and easier car maintenance factors. In the forecasted period, the automotive bushing technologies market is estimated to grow at a good pace. Some of the key players contributing significantly to the market are Vibracoustic GmbH, BOGE GmbH, Continental AG, Tenneco, Inc., and Federal Mogul LLC.

Key findings of the study:         

• From a growth perspective, India in the Asia-Pacific region is anticipated to witness a lucrative CAGR growth rate of 5.9% during the forecast period
• Based on vehicle segment, the Class D vehicle segment is projected to witness significant lucrative profitable opportunities with projected CAGR growth rate of 5.2%
• Based on suspension type, the multi-link suspension segment is projected to grow with a CAGR of 4.1%

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Automotive LiDAR Market is estimated to reach US$ 4,348.09 Mn by 2027

Latest market study on "Automotive LiDAR Market to 2027 by Type (Solid State and Flash); Component (Photodetectors, Laser, Integrated Circuit, Optical Elements, and Others); and Application (Autonomous Shuttle, Robotaxis, and Passenger cars) – Global Analysis and Forecast", The Automotive LiDAR Market is estimated to reach US$ 4,348.09 Mn by 2027 from US$ 415.10 Mn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

In the current automotive market, major manufacturers are integrating their vehicles with technologically enhanced sensors, in order to improve the safety of the vehicles. Apart from sensors, several other types of semiconductors are also being integrated on the newer vehicles, which is paving the path for semiconductor industry players to generate substantial revenue. The demand share of technologically robust semiconductor components in the automotive industry is majorly among the passenger car segment. Cost and fuel efficiency no longer stay as the primary criterion for purchasing, instead the purchase more depend on the comfort and security provided in the car.

Top Dominating Key Players:

1. Continental AG
2. Denso Corporation
3. Innoviz Technologies, Ltd.
4. Luminar Technologies, Inc.
5. Omron Corporation
6. Panasonic Corporation
7. VALEO
8. Velodyne Lidar
9. Xenomatix N.V.
10. Triluminia

Attributing to this fact that, the global automobile manufacturers are witnessing substantial demand for high-end cars, which is pressurizing the automobile manufacturers to add increased numbers of electronic components, thereby driving the market for automotive LiDAR. Additionally, surging adoption of advanced ADAS systems is impacting positively on the automotive LiDAR market. Thus, the rising automotive manufacturing is playing a major role in driving the automotive LiDAR market in the current scenario. A similar trend is also foreseen to drive the market in the coming years.

The global market for automotive LiDAR market is segmented on various parameters such as type, component, product, application, and geography. Based on type, solid-state LiDAR segment dominate the automotive LiDAR market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. On the basis of component, photodetectors segment is expected to witness a significant growth rate in the coming years. Further, based on application, passenger cars led the market in 2018 with a maximum market share and is expected to continue its dominance during the forecast period.

The companies in the market are expanding substantially. For instance, in 2018, Innoviz Established Presence in Four New Regions and enhanced manufacturing abilities, aligning with the company's mission to provide LiDAR solutions that are available and affordable at a massive scale. Innoviz has expanded globally with the opening of offices in four new countries including the U.S., Germany, China and Japan. Further, in the same year, Continental and EasyMile inaugurated new autonomous driving R&D team in Singapore. The new joint team’s work focus was to develop new technology centered on perception and deep learning and to prepare autonomous vehicle (AV) technology for tests towards safe deployments on private grounds and public roads in the Singaporean metro area.

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Air Cargo Market to Incur Steady Growth During 2019 to 2027

The Air Cargo Market is estimated to reach US$ 145.20 Bn by 2027 from US$ 102.00 Bn in 2018. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Although global economic growth is estimated to surge in aggregate during the forecast period, this covers a broad range in regional as well as country-level performance. Economic activity in the developed economies is anticipated to grow at a similar pace as they were during the past five years, with moderate slowdowns in the US and Japan, being compensated by sturdier growth in the Eurozone. The latter is expected to support incoming demand for air cargo into Europe on the major trade lanes between North America and Asia.

Top Leading Market Players:

1. DHL International GmbH
2. Lufthansa Cargo AG
3. FedEx
4. Emirates SkyCargo
5. Cargolux
6. Cathay Pacific Airways
7. United Parcel Service of America, Inc.
8. ANA Cargo
9. EtihadCargo
10. Zela Aviation The Air Charter Company

Asia Pacific dominates the global air cargo market, followed by Europe. The growth in Asia Pacific region is highly influenced by the burgeoning e-commerce market in the developing economies of the region, as well as, the presence of strong manufacturing sector. The strong e-commerce sector of the region has resulted in increased cross-border e-commerce sales. For instance, air cargo hubs are becoming gradually important for the e-commerce growth, as e-commerce giants, integrators as well as carriers are strengthening their package sorting and automation competences, coupled with expanding networks with an aim to acquire a larger portion of the growing demand.

Moreover, airports is the ASEAN countries are amongst the fastest growing globally, with shifting of manufacturing facilities into the region. This shift is attributed to increasing manufacturing costs in China, and concerns related to unstable trade relations between the US and China. ASEAN economic ministers have also signed an agreement for supporting the acceleration of cross-border e-commerce among ASEAN members.

With the expected growth in ASEAN air cargo market, Turkish Cargo announced addition of freighter routes to Vietnam from Europe to its flight network. For this, the company acquired three of the freighters since 2017. Southeast Asia is a promising region for the air cargo market however, there are concerns among the air cargo operators related to the bandwidth the region can deliver for freighter operations if the economies do not adequately develop their infrastructure and policies.

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Abrasive Wheels Market Research On Present State & Future Growth Prospects to 2027

Latest market study on “Abrasive Wheels Market to 2025 by Product (Bonded Wheels and Super Abrasive Wheels); and Material Type (Aluminum Oxide, Zirconia Alumina, Silicon carbide, and Ceramic Aluminum Oxide) – Global Analysis and Forecast”, the Abrasive Wheels Market is estimated to reach US$ 16,400.0 million by 2025 from US$ 10,280.8 million in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

The abrasive wheels market report focuses on in-depth segmentation of this market based by product, material type, and regions. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By product, bonded abrasive wheels accounted for the largest share of the abrasive wheels market in 2017, whereas Europe region is expected to grow at the highest CAGR during the forecast period.

Some of the major players operating in the market include 3M Company, Saint-Gobain, Super Abrasives, Noritake, Klingspor Abrasives, DSA Products Ltd., Andre Abrasive Articles, Deerfos, Camel Grinding Wheels, and Tyrolit Group.

Asia-Pacific is the dominant region in the abrasive wheels market and this region is expected to continue its lead during the forecast period. Where, China is dominating the worldwide vehicle sales which is followed by India. Moreover, China is entitles as the world’s largest automobile market which is forecasted to expand by 3.2% in 2018. The continual industrial and technological development in Asia-Pacific is further boosting the market for abrasive wheels in many different applications. Europe is the fastest growing region in abrasive wheels market owing to the government support to manufacturing industries. European Industrial policy is further aimed to stimulate the competitiveness and growth of manufacturing sector in the Europe.

Bonded abrasive wheels is leading segment, whereas super abrasive wheels are growing rapidly across the globe owing to its remarkable benefits. Super abrasive wheels mainly comprise of CBN or diamond abrasives which are specifically designed for most challenging applications. Super abrasive wheels are mostly recommended for industries including gear manufacturing, aerospace, medical, bearings, and automotive including many other.

Reasons to Buy the Report :

• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

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Automotive Usage Based Insurance Market Opportunity Assessment, Market Challenges, Key vendor analysis, Vendor landscape by 2027

Latest market study "Automotive Usage Based Insurance Market to 2027- by Technology Fitted (Smartphones, Black Box, and Dongles); and Policy Type (Pay-As-You-Drive and Pay-How-You-Drive) - Global Analysis and Forecast". The Automotive Usage Based Insurance Market is estimated to reach US$ 105.12 Bn by 2027 from US$ US$ 15.62 Bn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Presently, insurance providers are inclined to follow either the two routes, i.e. installation of hardware devices, where devices are equipped to the policyholders' cars or the low-priced smartphone app route. Both of these methods of tracking information have their advantages and disadvantages, however, they are not commonly exclusive. An insurance provider might want a customer to download an app and later shift to a plug-in device. To stay competitive in the market, the insurance providers need to build internal capability, i.e. significant investment and efforts are required to establish liaison with telematics service providers.

Before selecting an appropriate method to track information, an insurance provider needs to make several considerations. Most of the insurance providers use on-board diagnostics systems, i.e. OBDII (black boxes or dongles). However, other providers offer smartphone apps that are easier to access and economical. Comparatively very few of the insurance providers offer both the hardware and smartphone app.

Top Dominating Key Players:

1. Vodafone Automotive
2. Liberty Mutual Insurance Company
3. Allianz SE
4. TomTom Telematics
5. Allstate Insurance
6. Octo Telematics
7. Metromile
8. Siera Wireless
9. Ingenie Service Ltd.
10. AXA SA

The global automotive usage based insurance market for the technology fitted is fragmented into smartphones, black box, dongles, and others. The black box segment is expected to dominate the market in 2027. A black box is a small device that is installed in the customer's car to measure vehicle location, speed, driving frequency, distance travelled, and time of the day or night the vehicle is in motion. Further, other driving behaviors can also be measured which includes monitoring braking, and cornering. This helps in building a comprehensive profile of the driver. The data gathered on driving behaviors provides information on how safe the driving pattern is. This information is then converted into a score that is used by the car insurance provider for creating a customized premium for the driver. Also, an insurance provider can reward a driver securing high score with a lower premium rate.

However, issues related to data privacy is a major concern among customers. Sharing personally identifiable information of customers gathered from black boxes with third parties such as law enforcement agencies or banks may result in invasion of privacy. This may hinder the market growth to certain extent.

Further, the smartphones segment is also expected to gain market share during the forecast period. . Smartphone apps are suitable for insurance providers that are targeting particular groups hence, acquiring niche market share. As their UBI business grows, insurance providers may invest in OBDII and offer this on a long-term basis to specific customer segments.

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