Automotive and Transportation

Cash Logistics Market: Factors and Restrains that Drive the Market Growth

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Surge in cash circulation, increase in the number of ATMs, and rise in demand for safe & vault for cash management drive the growth of the global cash logistics market.

The report offers detailed analyses of the market dynamics, top investment pockets, market size & forecasts, and competitive landscape. According to the report, the global cash logistics market garnered $16.5 billion in 2017, and is expected to reach $30.7 billion by 2025, registering a CAGR of 7.8% from 2018 to 2025.

Increase in cash transactions, surge in presence of ATMs, and growth in demand for safe & vault for managing cash drive the growth of the global cash logistics market. However, increase in adoption of digital payments and rise in cash-in-transit robberies restrain the market growth. On the other hand, increase in demand for cash from emerging economies and surge in manufacturing of fully automated cash-in-transit vehicles would create new opportunities to the market.

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Cash-in-transit service segment contributed more than two-fifths of the total market revenue in 2017 and is expected to maintain its dominance by 2025. This is attributed to the increasing adoption of new technologies by market players to foster safety and security of cash-in-transit vehicles. However, cash management service is expected to register the highest CAGR of 9.4% from 2018 to 2025, owing to incorporation of innovative cash management services by leading banks to handle cash and offer convenience to clients. The report also analyzes ATM services segment.

Financial institutions segment held the major share in 2017, accounting for more than two-fifths of the total market revenue and is projected to maintain its dominance throughout the forecast period. This is due to the increasing adoption of cash logistics solutions among financial institutions on account of advantages such as optimal cash flow, improved transparency, and customization of solutions among others. However, the other end user segment, which comprises individuals, private firms, and others, would grow at the fastest CAGR of 9.0% from 2018 to 2025, owing to surge in cash flow and increase in demand for safe and vault for cash management.

Asia-Pacific is expected to grow at the highest CAGR of 10.3% from 2018 to 2025, owing to expansion of banking facilities in emerging economies such as IndiaChina, and others and increase in cash circulation. However, LAMEA accounted for nearly three-tenths of the total market share in 2017 and would maintain its lion’s share through 2025 due to increase in demand for cash flow and high security threat for transportation of cash.

The key players analyzed in the report include The Brink’s Company, CMS Info Systems Ltd., Cash Logistics Security AG, Garda World Security Corporation, G4S Plc., GSLS, Lemuir Group, Global Security Logistics Co., Loomis, and Prosegur Cash, S.A.

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Automotive Interiors Market: Competitive Analysis and Profiles of Key Market Players

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Increasing need to increase fuel efficiency, growing demand for luxurious vehicles, and rapid advancements in in-vehicle infotainment are expected to boost the growth of the global automotive interiors market.

The report provides in-depth analyses of the key winning strategies, industry dynamics, top investment pockets, market size & estimations, and competitive landscape. As per the report, the global automotive interiors market accounted for $171.20 billion in 2017 and is expected to garner $249.78 billion by 2025, registering a CAGR of 4.7% from 2018 to 2025.

Growing need to improve fuel efficiency due to rising crude oil prices and increasing focus on well-being of drivers drive the growth of the global automotive interiors market. In addition, technological advancements and high demand for luxurious vehicles supplement the market growth. However, ongoing trade war & surge in automotive import tariffs and increase in raw-material prices hamper the market growth. On the contrary, untapped developing markets in Africa and Asia and advancements in in-vehicle infotainment are expected to create lucrative opportunities for the market players in future.

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The automotive seat segment held the largest share in 2017, registering about 44% of the total revenue, owing to increase in sales of vehicles and high need for low weight seats for higher fuel efficiency. However, the interior lighting segment is expected to register the fastest CAGR of 7.5% during the forecast period, owing to variations in trends related to lighting and vehicles signal indication using LED. The other segments analyzed in the report include cockpit module, door panel, and flooring.

The commercial vehicle segment is estimated to manifest the fastest CAGR of 4.9% from 2018 to 2025, owing to growing demand for commercial vehicles in the developing countries. However, the passenger cars segment held the largest share in 2017, accounting for 70.7% of the total revenue, owing to rise in demand for passenger vehicles in both emerging and developed countries.

In 2017, Asia-Pacific region governed the market, accounting for more than one-third share of the global market, owing to perpetual technological developments and increasing production of passenger and heavy commercial vehicles. However, the LAMEA region is expected to portray the fastest CAGR of 6.5% during the study period, owing to huge untapped markets in the region and anticipated growth opportunities in Africa. The other regions analyzed in the report are North America and Europe.

The report presents the analysis of leading market players, including Adient plc., Faurecia Interior System, Hyundai Mobis Company, Lear Corporation, Visteon Corporation, Calsonic Kansei Corp., Grupo Antolin, IAC Group, Robert Bosch, and Yanfeng Automotive Interiors.

Ride-Hailing Service Market – Current Market Trends and Future Growth Opportunities

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Increase in demand for on-demand transportation services, new employment opportunities, and advent of connected & electric vehicles would drive the growth of the global ride-hailing service market.

The report provides extensive analyses of the market dynamics, key market segments, top winning strategies, top investment pockets, and competitive landscape. According to the report, the global ride-hailing service market garnered $36.45 billion in 2017 and is expected to reach $126.52 billion by 2025, registering a CAGR of 16.5% from 2018 to 2025.

High demand for on-demand transportation services, creation of new jobs in urban and semi-urban areas, and advent of connected & electric vehicles drive the growth of the market. However, low internet penetration in developing economies and stringent government policies hinder the market growth. On the other hand, ongoing trend of mobility-as-a-service and rise in user base for ride sharing services across the globe would create new opportunities for the industry in the near future.

Ride-Hailing Service Market

The e-hailing service segment accounted for more than one-third of the total market share in 2017, owing to growing presence of tech giants across emerging economies and increase in demand for transportation services. This segment is expected to maintain its dominance by 2025. However, the station-based mobility segment would grow at the fastest CAGR of 22.7% from 2018 to 2025, owing to rise in user base of ride sharing services and supportive government initiatives for ride hailing services. The other service types analyzed in the study include car rental and car sharing.

Four-wheelers segment held the major share in the market in 2017, contributing to more than half of the total market revenue. This is attributed to the advent of advanced technologies in the sector such as connected cars, autonomous vehicles, and others. This segment would maintain its lead position throughout the forecast period. The three-wheeler segment is expected to register the highest CAGR of 21% from 2018 to 2025, owing to the upsurge in electric vehicles and government subsidiaries. The report also analyzes two-wheelers and other vehicle types.

The urban segment contributed more than three-fourths of the total market share in 2017 and is expected to maintain its lion’s share throughout the forecast period. This is due to the availability of better infrastructure and development. However, the rural segment is expected to register the fastest CAGR of 18.7% from 2018 to 2025. This is due to the expansion of giant companies and increased infrastructure developments in the rural regions.

The institutional segment contributed more than two-thirds of the total market share in 2017, owing to ease in service availability and availability of coupon & discounts. This segment will continue to dominate through 2025. However, the personal segment would grow at the highest CAGR of 18.2% from 2018 to 2025, owing to the low cost of service and availability of high-end facilities.

Rise in demand for transportation services and large population base are the key factors that have enabled the Asia-Pacific region to grow at the fastest CAGR of 20% from 2018 to 2025. However, North America was the highest revenue contributor in 2017, accounting for more than one-third share of the market owing to continuous developments, technological advancements, and supportive government initiatives. This region is expected to continue its dominance throughout the forecast period.

The leading industry players analyzed in the study include Uber Technologies Inc., Daimler AG., Lyft, Inc., ANI Technologies Pvt. Ltd., Grab, nuTonomy, Didi Chuxing Technology Co., TomTom NV, Denso Corporation, and Gett, Inc. They have adopted various strategies such as expansion, joint ventures, mergers & acquisitions, collaborations, partnerships, and others to gain a stronghold in the industry.

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Marine Propulsion Engine Market Expected to Reach $12 Billion, Globally, by 2022

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The marine propulsion engine market was valued at $9 billion in 2015 and is projected to reach $12 billion by 2022, growing at a CAGR of 4.1% from 2016 to 2022, according to a new report published by Allied Market Research. Diesel propulsion system segment is expected to maintain its dominance throughout the forecast period. Asia-Pacific accounted for the highest share of 51% in 2015, and is anticipated to maintain this trend.

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Marine propulsion engine creates thrust to move ship across the water by converting chemical energy to mechanical energy. Increase in production & sales of ships globally and rise in international seaborne trade drives the market growth. In addition, increase in demand for resources such as crude oil, coal, steel, and iron from developing countries is another driver for the growth of the market. However, stringent environmental rules & regulations and large capital investment required to set up new manufacturing facilities hamper the market growth. Moreover, rise in usage of inland waterways and advancement in technology, such as new alternative fuel propulsion engine, are expected to provide lucrative opportunities for new products and boost the market growth.

marine propulsion market

Power source segment is divided into diesel, gas turbine, natural gas, and others (steam turbine, renewable energy, hybrid, and fuel cell). In 2015, diesel propulsion engine accounted for the largest revenue, and is anticipated to maintain its dominance throughout the forecast period. This is attributed to high efficiency and low cost of engine as compared to others. However, natural gas-powered engine segment is expected to witness the highest growth rate of 7.1%, owing to stringent emission rules and regulations.

By ship type, the market is categorized into cargo or container ship, tanker, bulk carrier, offshore vessel, passenger ship, and others (tugs & service ships). In 2015, cargo or container ship accounted for the largest market share due to rise in international seaborne trade of non-bulk cargo such as vehicles, food products, and electronics items. Bulk carrier segment is anticipated to show highest growth rate among ships type, owing to rise in demand of resources such as ore, coal, grains and other similar products in loose form.

Asia-Pacific accounted for majority of revenue in 2015, and is expected to maintain its dominance, followed by Europe and North America. This is attributed to the rise in shipbuilding industry of South Korea and China.

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Key Findings of Marine Propulsion Engine Market

• In 2015, diesel propulsion engine led the overall marine propulsion engine market, and is projected to grow at a CAGR of 2.8% during the forecast period.

• Natural gas propulsion engine segment is expected to grow at a remarkable CAGR of 7.1%.

• Cargo or container ship segment led the overall market in 2015, and is estimated to grow at a CAGR of 2.8%.

• Bulk carrier segment is expected to grow at a remarkable CAGR of 5.4%.

• Asia-Pacific accounted for the largest market share in 2015, and is anticipated to grow at a CAGR of 4.5%.

• China and South Korea are the major shareholders, accounting for about half share of the Asia-Pacific marine propulsion engine market.
Key players in the marine propulsion engine market are focused to expand their business operations in the emerging countries with new product launches as a preferred strategy. The major players profiled in this report include Caterpillar, Cummins Inc., Rolls-Royce Plc, Wrtsil, MAN Diesel & Turbo, Hyundai Heavy Industries Co., Ltd., MITSUBISHI HEAVY INDUSTRIES, LTD., Scania, YANMAR CO., LTD., DAIHATSU DIESEL MFG.CO., LTD., Nigata Power Systems Co., Ltd., Fairbanks Morse Engine, Masson-Marine, and General Electric Company.

Automotive In-Vehicle Air Purifier Market to Reach $2,010 Million, Globally, by 2022

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A new report published by Allied Market Research, titled, Automotive In-Vehicle Air Purifier Market by Product Type, Technology, and Vehicle type: Global Opportunity Analysis and Industry Forecast, 20142022, projects that the global automotive in-vehicle air purifier market is expected to reach $2,010 million by 2022. Passenger cars are anticipated to dominate the market throughout the analysis period. Region-wise, Asia-Pacific is expected to lead, accounting for approximately 36% share of the automotive in-vehicle air purifier market in 2015.

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Dust, pollen, pet dander, mold spores, and dust mite feces are some of common allergens observed to be floating in a vehicle cabin space. Additionally, smoke particles and volatile organic compounds (VOCs) can pose a risk to the drivers or passengers health. Exposure to various components such as VOCs increases the probability of experiencing symptoms of sick building syndrome. Air purifiers are capable of capturing bacterial, virus, and DNA damaging particulates, thereby facilitating a pleasant, healthier and cleaner environment within the vehicle. Demand for clean & toxin-free cabin air and increase in air pollution level worldwide, drive the automotive in-vehicle air purifiers market. However, non-standardized products and less number of automotive air purifiers and dealers majorly restrict the growth. Moreover, development of advance and low cost air purifier system and expansion in untapped markets of Asia-Pacific and LAMEA is expected to unfold various opportunities for the key players in the future.

The product segment is further classified into air purifier, air ionizer, and hybrid (a combination of air purifiers & air ionizer). In 2015, air purifier segment accounted for the largest revenue owing to its advantages such as higher compatibility and low cost as compared to others. However, the market of hybrid systems is anticipated to witness the highest growth, with a CAGR of 10.2% from 2016 – 2022. Moreover, as per the forecasts, hybrid systems would acquire a market share of around 26% in the overall in-vehicle air purifier market by 2022. Air ionizer will experience a notable CAGR of over 9% during the forecast period (2016-2022).

The technology segment is further divided into high-efficiency particulate arrestor (HEPA), active carbon systems, and photo atalytic systems. As of 2015, HEPA generated the largest revenue, among all the technologies, owing to its advantages such as high efficiency rate and wide availability due to a large number of global manufacturers worldwide. However, active carbon systems segment is anticipated to witness the highest growth over the forecast period, with a CAGR of around of 10%, owing to the superior benefits of this technology over the other two systems.

By vehicle type, the automotive in-vehicle air purifier market is bifurcated into passenger cars and commercial vehicles. The passenger cars segment is expected to maintain its lead owing to higher adoption rate of air purifiers in passenger cars and the continuously increasing production and sales of passenger cars, worldwide. This segment accounted for about 80% of the automotive in-vehicle air purifier market size in 2015.

Asia-Pacific held the largest automotive in-vehicle air purifier market share in 2015 and is anticipated to maintain its dominance throughout the forecast period. The growth of automotive in-vehicle air purifier industry in the region is driven by increased adoption of European environmental rules and regulation and exponential rise in sales and manufacturing of vehicle fleet in China, Japan, and India. Moreover, laws and regulations enforced by government regarding passenger ergonomics and health, supplement the automotive in-vehicle air purifier industry growth in Asia-Pacific.

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Key findings of Automotive In-Vehicle Air Purifier Market:

• In 2015, the passenger cars segment led the global automotive in-vehicle air purifier market, accounting for around 80% of the revenue.

• Air purifier segment would lead the market throughout the analysis period

• Hybrid system segment is anticipated to witness the highest growth, exhibiting a CAGR of 10.2% from 2016 – 2022

• Asia-Pacific dominates the automotive in-vehicle air purifier market, with China being the leading market
The key players profiled in the automotive in-vehicle air purifier market report include Kent RO Systems Ltd, Koninklijke Philips N.V., Sharp Electronics Corporation, Eureka Forbes, Honeywell, Diamond Air Purifiers, ADA Electrotech (Xiamen) Co., Ltd, Panasonic Corporation, Purafil, Inc., and Livpure Private Limited

Allied Market Research – Automotive Sensors Market Key Trends and Outlook to 2022

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Automotive Sensors

Summary: “Automotive Sensors Market” includes Market Size, Share, Trends, Growth, Demand, Supply, Application, production, capacity utilization, supply, Analysis and Forecast

Automotive Sensors Market Report, published by Allied Market Research, projects that the global market was valued at $22 billion in 2015, and is expected to reach $37 billion by 2022, growing at a CAGR of 7.5% from 2016 to 2022. MEMS sensor is expected to dominate this market from 2016 to 2022. Europe would continue to lead, accounting for approximately 35% share of the world automotive sensors market revenue in 2015.

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Increasing demand of different types of sensors, especially in autonomous cars, is expected to drive the automotive sensors market during the forecast period. Furthermore, advanced technologies such as advanced driver assistance systems (ADAS), lane departure warning (LDW) systems are likely to provide huge impetus to the market growth. Government authorities across the globe have imposed several regulations to avoid road accidents in a bid to improve the safety and security of the passengers, which would further supplement the growth of automotive sensor market.

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The powertrain segment accounted for about 53% of the overall automotive sensors market revenue in 2015. Increasing demand of powertrain market for automated transmission and high utility of lightweight materials for reducing fuel consumption are the key factors driving the usage of automotive sensors. In addition, body electronics is the fastest growing segment and is projected to register a CAGR 8% during the forecast period. This is due to the increasing use of temperature sensors in body electronics for internal and ambient temperature.

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MEMS sensor segment is projected to maintain its lead in the overall automotive sensors market due to its increasing application in powertrain, safety & security, body electronics and among other. The growing demand of automotive sensors in North America and Asia-pacific have further boosted the market growth. Furthermore, temperature sensor is anticipated to exhibit the fastest growth, with a CAGR of 8.2% during the forecast period. This is owed to the heightened demand of temperature sensors in semiconductors, food & beverage and plastic industries.

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Automotive Piston Market Expected to Reach $15,705 Million, Globally by 2022

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Automotive Piston Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $15,705 million by 2022, registering a CAGR of 4.8% during the period 2016-2022. Asia-Pacific accounted for the highest revenue share in 2015 and is anticipated to maintain its dominance throughout the forecast period.
Piston system comprises a piston, piston rings, and piston pin; this system transfers the generated force to the crankshaft through connecting rod. Piston generates mechanical energy that propels the crankshaft movement, which in turn, drives the wheels of the vehicle.

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The demand for the automotive piston is driven by an increase in sales & production of vehicles globally and advancement in technology such as integration of cooling channel in the piston. However, technical advancements to downsize automotive engines and increase in penetration of electric vehicles hinder the growth of automotive piston market. Engine piston cross section
The automotive piston market is segmented on the basis of material type, piston type, coating type, vehicle type, and geography. By material type, aluminum piston segment would lead the market throughout the analysis period, accounting for around 67% of the overall automotive piston market revenue, owing to its qualities of being light-weight and having a low corrosion rate.

Geographically, Asia-Pacific automotive piston market is projected to witness lucrative growth opportunities, growing at a CAGR of 5.2% during the forecast period. Growth in the automotive sector and increasing use of double cylinder engines over single cylinder engine in premium segment bikes are the factors that drive the growth of the automotive piston market in the region.

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Key Findings Of Automotive Piston Market

• In 2015, aluminum piston led the overall automotive piston market and is projected to grow at a CAGR of 4.6% during the forecast period.

• Trunk piston led the overall market in2015and is projected to grow at a CAGR of 4.3% from 2016 – 2022.

• Asia-Pacific accounted for the largest market share in2015and is anticipated to grow at a CAGR of 5.2% during the forecast period.

Key players that operate in the automotive piston market are Mahle Gmbh, Aisin-Seiki Co. Ltd., KSPG AG, Hitachi Automotive Systems, Federal-Mogul, Indian Piston Limited, Shriram Piston & Rings, Arias Piston, Capricorn Automotive, and Ross Racing Piston.