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The growing need for convenience is identified as the major factor that is likely to boost the global wireless electric vehicle charging market expansion.In the case of wireless electric vehicles, its charging is done by inductive coupling. The feasibility offered by inductive coupling for charging electric vehicles batteries is expected to boost the sales of electric cars. This is likely to surge the wireless electric charging market growth. A major advantage that is observed to attribute to the expansion of the worldwide market of wireless electric vehicles is that electric cars can be charged while driving. Moreover, due to the people opting for dynamic wireless charging over stationary wireless charging, it is likely to gain considerable traction for the global market of wireless electric vehicles.
Electric cars emit no hazardous gas. The growing environmental concerns are triggering the need for electric vehicles. Governments are taking the initiative to replace traditional automobiles with electric cars. Alongside, the rise in the level of comfort threshold is bolstering the adoption of wireless charging. Hence, a surge in the sales count of wireless electric vehicles is expected to propel the global wireless electric vehicle market growth. As per the study conducted by Market Research Future (MRFR), on the worldwide market of wireless electric vehicles, the market is expected to thrive at a lucrative 21% CAGR during the assessment period (2018 to 2023). Other important drivers of the global wireless electric vehicle market increase in the demand for dynamic electric vehicle charging (DEVC) technology and the rise in long-distance drives. On the downside, the high cost is identified as a major restraining factor for the worldwide wireless electric vehicle market. However, an increase in the disposable income of people and their preference for convenience over price are causes that are likely to counter the growth of the global wireless vehicle charging market. In addition, a rise in the demand for semi-autonomous and autonomous vehicles and rapidly growing industrialization is anticipated to generate scope for raising revenue for the market. Segmental Outline The wireless electric vehicle charging market is assessed by power supply range, charging type, charging station, propulsion, charging pad, application, and vehicle type. By charging type, the market is segmented into stationary wireless electric charging and dynamic. By power supply range, the market is segmented into 7.7 to < 11KW, 3 to <7.7 KW, 20 to < 50 KW, 11to < 20KW, and 50 KW and above. By charging pad, the market is segmented into power control unit, base charging pad, and vehicle charging pad. By charging system, the market is segmented into commercial charging system and home. By propulsion type, the market is segmented into plug-in electric vehicle and battery. By vehicle type, the market is segmented into commercial EV and passenger EV. By application, the market is segmented into aftermarket and OEM. Regional Outlook By region, the wireless electric vehicle charging market is studied across Europe, North America, APAC, and the Rest of the World. In Asia Pacific, the market is likely to hold immense opportunities for the expansion of the market. The increase in the production of electric vehicles in the region to meet the rise in demand for dynamic wireless electric vehicle market are likely to contribute significantly to the expansion of the regional market. Expansion of the urban population base and increase in environmental concern are other causes that can bolster the expansion of the wireless electric vehicle market in APAC. In North America, the availability of a firm technical base and required equipment are expected to support the growth of the wireless electric vehicle market. Similar drivers are noted for the market in Europe. Key Players MRFR listed some companies that are operating in the global wireless electric vehicle charging market. They are; WiTricity (USA), Plugless Power (USA), Qualcomm, Inc. (USA), Nission (Japan), ELIX Wireless (Canada), ZTE Corporation (China), Continental AG (Germany), HEVO power (USA), BMW (Germany), and Toshiba Corporation (Japan).
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Warehouse management system market analysis are a software application designed to support the day-to-day functions of warehouses. The construction of warehouses amid the boom of online shopping is likely to induce the need for such software. The global warehouse management system market report by Market Research Future (MRFR) which analyzes the structure of the warehouse as well as various trends affecting the market from 2017 to 2022 (forecast period).
Market Outlook The global warehouse management system market is estimated to exhibit 14% CAGR over the forecast period to attain a valuation of USD 2.45 billion. It previously stood at USD 1.15 billion in 2015. High demand for WMS software in healthcare and retail sectors is the primary driver of the market. The automated processes in warehouses as well as the use of pallet movers and other material handling equipment for moving boxes and attaining parcels is likely to bode well for the market demand in the coming years. The establishment of warehouses by replacing steel or concrete godowns is predicted to impact the market growth. In addition, the expansion plans of consumer good majors and other industrial bigwigs for storage of goods is anticipated to push the demand for WMS software. The use of the software to propel sales numbers is touted to bode well for the market. But the presence of enterprise resource planning software can restrict market growth. Segmentation Analysis The global warehouse management system market is segmented by service type and application. By service type, the market comprises operations & maintenance, system integration, consulting, and software. The software service is projected to accrue the highest revenue for the market due to shift towards automation as well as inclination of various industrial bigwigs for reducing operational expenses is likely to lead to adoption of WMS software. By application, it is segmented into retail, pharmaceutical, electronics, transportation & logistics, and others. The transportation & logistics segment is expected to exhibit a strong growth rate due to the boom in the e-commerce sector. Establishment of fulfilment centers as well as commitment to customers are likely to spur the segment growth. Change in business models from single client to multi-client and multi-product model can positively impact the market. Regional Analysis Europe, North America, Asia Pacific (APAC), and Rest-of-the-World (RoW) are major regions considered in the warehouse management system market report. Europe is expected to dominate the global market followed by North America. Adoption of latest software combined with the shift to cloud-based models for storage and modification of information are likely to bode well for the region. Rise in number of online channels which are influencing consumer behavior coupled with the need for real-time software for processing of orders, picking, packaging, and shipment tracking can lead to its implementation across warehouses. The APAC region is likely to exhibit a robust growth rate during the forecast period due to being home to developing economies. Furthermore, the presence of various industrial corporations as well as the establishment of warehouses close to production hubs for easier transportation of goods can drive the market demand exponentially. Immense growth of sectors such as consumer electronics, retail, pharmaceutical, and others in India, China, and Japan can facilitate the warehouse management system market. Competitive Outlook Prominent names in the global warehouse management system market include JDA Software Group Inc., Manhattan Associates Inc., Oracle Corporation, Made4net LLC, Softeon Inc., Tecsys Inc., HighJump Software, LogFire Inc., Synergy Logistics Ltd, SAP SE, and others. Industry News Milaha, one of the biggest logistics experts in Qatar, has decided to adopt the WMS software of Infor for digitizing its supply and value chain. The global green tire industry is anticipated to touch a valuation of USD 1,52,409.2 million in terms of value and 742.1 million units in terms of volume by the end of 2023. Market Research Future (MRFR) unveils in a detailed analysis that the green tire market is predicted to garner an impressive CAGR of 20.63% in terms of value and a CAGR of 22.57% in terms of volume during the review period (2018-2023). Acknowledged as low rolling resistance tires, green tires either offer single benefits of improved grip, durability, improved fuel efficiency, noise reduction, reduced carbon emission, or all in combination. They are specifically designed with improved thread structure in order to have reduced the rolling resistance of the tire with the road. They are made of green compounds or materials like silica, special synthetic rubbers, and soybean. The surging demand for fuel-efficient tires is presumed to dictate the growth trajectory of the market.
Prominent Players Bridgestone Corporation Michelin, Continental AG The Goodyear Tire & Rubber Company Pirelli & C. S.p.A. Hankook Tire Kumho Tire Cheng Shin Rubber Ind. Co. Lt. (Cheng Shin Tire) Nokian Tyres plc. Zhongce Rubber Group Co., Ltd (ZC-Rubber) Demand for High-Performance Tires Assisting Market Growth The demand for high-performance tires is witnessing a noticeable increase in the past few years, especially for the replacement tires. This is highly influencing the growth of green tire market across the globe. The ever-increasing population has resulted in the growth of commercial vehicles and passenger cars, surging demand for fuel-efficient tires, and strict government mandates associated with the tore labeling and emissions. Such factors are encouraging the manufacturing companies to propel their investments in the North American region. The increased energy costs along with the rising environmental awareness associated with the consumption of fuels have ensured a burgeoning market for 3D bioprinting. The growing acknowledgement of the environmental damage caused by the inroads and cars is anticipated to contribute to the market growth. Not just that the cumulative amount of pollutants released by the vehicles is harmful for the environment and the human health, the problem is also compounded by the increasing scarcity of natural petroleum reserves. The implementation of green tires is considered a small step towards reducing the pollution globally. Meanwhile, the replacement of the renewable raw materials with the conventional ones are estimated to pose a negative impact on the braking performance. The dearth of awareness associated with the green tires is anticipated to restrict the market growth across the globe. On a brighter note, the rising globalization and urbanization, growing fuel consumption, and environmental awareness has enabled the market to reach out to a wider segment of audiences. Segmental Analysis Aftermarket and OEM forms the sales channel-based segmentation of the global green tire market. By both volume and value, the aftermarket segment acquires the largest market share. The segment is experiencing significant demand for green tires due to the surging preferences for green tires over conventional ones. The vehicle type comprises commercial vehicle, passenger car, and others. The passenger car segment commands the maximum share owing to the increased focus of automotive manufacturers on lowering the consumption of fuel. The need to reduce CO2 emissions and increase the mileage of the passenger cars are other two factors influencing the segment’s growth. By application, the market constitutes on-road and off-road. The on-road segment commands the maximum market share as the green tires are known to provide improved mileage owing to ultra-low rolling resistance and their innovative tread design. This further extends the vehicle range in on-road applications without affecting the vehicle cost. Prominent tire manufacturing companies like The Goodyear Tire & Rubber Company manufactures tires for on-road applications with sidewall designs in order to reduce the aerodynamic drag as they yield low rotating mass which leads to lower consumption of fuels. Regional Frontiers The regions discussed in the report span across Europe, Asia-Pacific, North America, and the Rest-of-the-World (RoW). Due to the presence of world-class R&D infrastructure, automotive value chain integration, and highly skilled industry workers, Europe is likely to secure the top position in the global market. For instance, Goodyear launched their first-ever full silica tread compound tire in September 2018, which acquired a European grade “A” for proving its fuel efficiency and met all the required three-peak mountain snowflake tire requirements at the IAA truck show. The manufacturing companies of green tire are constantly working to meet the CO2 targets which is further triggering the demand for green tires in this region. Germany is considered a major producer in the European region. The green tire sector is deep-rooted in Germany and is expanding at a significant pace in the recent past. The shifting purchasing patterns, the emergence of electric and hybrid vehicles, and surging awareness regarding fuel efficiency are leading to the market growth. Industry Upgradations April 26, 2019: Continental will be addressing the all new Conti Urban HA3 315/60 R22.5 154/148J (156/150F) tires for the electric buses. The tires for the electric buses require to support an overall vehicle weight owing to the heavy electric battery and also to withstand the torque delivery. In order to master these challenges, the new range of tires will be introduced in the global market. 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The global material handling equipment market is expected to register a considerable high CAGR of 7.5% during the period 2017-2023, according to the reports revealed by Market Research Future (MRFR). The report encompasses the market analysis, challenges, factors driving the market, competitive analysis and regional analysis. Factors Driving the Market Material handling equipment is considered to be used for the movement, storage, and protection of goods in mainly manufacturing industries. The importance of this equipment is helping the market to grow exponentially among the industries such as aerospace, automotive and more as manufacturing plants for these are essential for operations. Material handling process involves managing the storage of goods and products also in the warehouse or a manufacturing plant. The introduction of automation in the process of material handling equipment has driven the material handling equipment market growth in a positive pull. In addition, the steadily increasing pressure for optimization of resources and raw material consumption is prompting demands the use of material handling equipment and the market as well. Different types of material handling equipment are available such as conveying equipment, bucket conveyor, screw conveyor, vibrating conveyor, roller conveyor, magnetic belt conveyor, chain conveyor and more. Also, a constant upgradation, innovation in technology in these different types happen to be a constructive advantage to the material handling equipment market growth. Other factors driving the growth of the material handling equipment market with a higher CAGR is the expansion of manufacturing units in developing nations, where traditional human techniques are reducing with time. On the other hand, the factor of time consumption with automated pick & robots’ installation is on rising for the past few years. These eventually are controlled properly and having precise operational capability property is immensely contributing to the material handling equipment market. Market Segmentation In the material handling equipment market, there has been segmentation done based on operation, system type, application, and region. By mode of operation, the market has been segmented into the assembly, transportation, packaging, distribution, and others. By mode of system type, the market has been segmented into the unit material handling system, bulk load material handling system. Of these, unit load leads in this segment and hence, impulses the material handling equipment market to a higher level globally. These are widely used in automotive, semiconductor and electronics, and aviation. By mode of application, the market has been segmented into e-commerce, automotive, food & beverages, metal & heavy machinery and others. Of these, e-commerce sectors lead in this segment hence, propelling the global material handling equipment market at a faster pace than past years. Regional Analysis The global material handling equipment market has witnessed its immense growth in the regions of North America, Europe, Asia Pacific, Rest of the world. Of these, Asia Pacific is expected to be the fastest material handling equipment market growth region for several years due to spontaneous industrialization, construction, and numerous infrastructural activities. China and India are supporting the thrive of the market majorly and is predicted to go upward in the years to come. On the other hand, Europe is also witnessing a significant expansion of the material handling equipment market and is likely to expand splendidly in the forecast period. Market Key Players The key players of Material Handling Equipment Market are Liebherr Group (Switzerland), KION Group AG (Germany), Jungheinrich AG (Germany), Viastore Systems GmbH (Germany), Eisenmann AG (Germany), Columbus McKinnon Corporation (U.S.), Crown Equipment Corporation (U.S.), Hytrol Conveyor Co., Inc. (U.S.), Xuzhou Heavy Machinery Co., Ltd. (China) and Toyota Industries Corporation (Japan). Industry Updates February 7, 2019: I.D. Systems, a leading provider of enterprise asset management and Industrial Internet of Things (IoT) technology, has announced a multi-year fleet management system agreement covering several thousand units with Jungheinrich AG which is a leading solution provider in intralogistics. 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The detailed report published by market Research Future (MRFR) projects that the global cargo shipping market is marked to exhibit moderate expansion at a CAGR of 3.45% during the forecast period of 2017 to 2023. Increasing global trade activities, rapid industrialization and urbanization, high demand for consumer goods all over the world and increased export and import activities of manufactured goods are majorly propelling the growth of the global cargo shipping market. With advent of technology, the travel from sea route has been made easier and cheaper. Hence, increasing availability of companies providing cargo shipping all over the world is also contributing to the growth of the global cargo shipping market. Rapid industrialization and globalization and opening of trade routes from China with development of ports in various coastal countries are fueling the growth of the global cargo shipping market. However, availability of faster alternatives for the transportation of goods is restraining the growth of the global cargo shipping market during the assessment period. Global Cargo Shipping Market: Segmental Analysis The global cargo shipping market has been segmented on the basis of cargo type and industry. Based on cargo type, the global cargo shipping market has been segmented into container cargo, bulk cargo, and general cargo. Based on industry, the global cargo shipping market has been segmented into food, manufacturing, oil and ores, and electrical and electronics. Global Cargo Shipping Market: Regional Analysis Geographically, the global cargo shipping market has been segmented into four major regions such as North America, Asia Pacific (APAC), Europe, and the rest of the world. The Asia Pacific region commands the dominant share of the global cargo shipping market owing to the increased export activities through overseas trade routes in the countries such as China and India, increased production of goods as a result of availability of cheap raw materials and labor, rapid development of manufacturing hubs of cargo shipments and increased globalization and global trade in this region. The Europe region commands the second largest share of the global cargo shipping market owing to the presence of huge number of manufacturers that require cargo for global shipping of their goods, increased adoption of transport of goods through cargo ships as it is less expensive as compared to air transport, and increased export of consumer goods and automotive parts in this region. The North America region is projecting significant growth in the global cargo shipping market owing to the high demand for consumer goods due to the presence of large consumer base in the developed areas of this region. Global Cargo Shipping Market: Industry Updates In January 2019, one of the world’s largest shipping container companies has announced that the M/V PIRAEUS, one of the largest cargo ships, has successfully traveled from China and is now docked in Port Tampa Bay for the very first time. In January 2019, it has been announced by Zim, Israel’s top cargo shipping firm, that it has opened blockchain platform to all of its clients. Global Cargo Shipping Market: Key Players The prime players profiled by Market Research Future (MRFR) that are operating in the global cargo shipping market are A.P. Moller-Maersk Group (Denmark), Mediterranean Shipping Company S.A. (Switzerland), DHL Global Forwarding (Germany), CMA-CGM SA (France), China COSCO Holdings Company Limited (China), Panalpina World Transport (Holding) Ltd. (Switzerland), Nippon Express Co., Ltd. (Japan), Deutsche Bahn AG (Germany), Hapag-Lloyd AG (Germany) and Panalpina Welttransport Holding AG (Switzerland). Read More: https://freepressreleasedb.com/pr/Asia-Pacific-to-Sway-Fiberglass-Pipes-Market-PR137721/ https://freepressreleasedb.com/pr/Germany-to-Command-Telehandler-Market-PR137723/ https://www.articletrunk.com/burgeoning-construction-sector-to-affect-india-pre-engineered-buildings-market-positively/ https://www.articletrunk.com/aluminum-composite-panels-market-growth-rate-trends-analysis-future-scope-size-share-forecast-to-2023/ https://teletype.in/@millerpeet/Ak0PGduL https://teletype.in/@millerpeet/pch8MgTd https://user.younews.in/news/eco-friendly-methods-to-ensure-dry-construction-market-growth/ https://www.feedsfloor.com/construction/forklift-trucks-market-can-be-worth-usd-4173-bn-2023-due-increase-productivity-0 https://www.feedsfloor.com/market-research/crane-market-trends-share-industry-size-growth-opportunities-and-industry-forecast |