Monthly Archives: July 2021

Heavy Duty Trucks Market, 3 major trends influencing the global industry through 2026

Heavy Duty Trucks Market is projected to experience a healthy growth during 2021 to 2027 led by the rapid expansion of the e-commerce sector and the subsequent consolidation of the logistics industry.

Delaware, United States – July 22, 2021 /MarketersMedia/ —

Heavy Duty Trucks Market revenue is estimated to witness immense revenue growth over the coming years due to the rapid expansion of the e-commerce sector and the subsequent consolidation of the logistics industry. Largescale distribution and delivery of goods owing to the proliferation of global trade is creating an immense demand for the heavy duty trucks across a plethora of industrial sectors.

According to Global Market Insights Inc., the heavy duty trucks market demand is likely to exceed a valuation of $430 billion by 2026. However, apart from their growing application scope in terms of the e-commerce sector, heavy duty trucks also have also found significant use across a number of other avenues such as moving, towing, hauling, recycling, mining, and garbage collection. The ability of these vehicles to transport large quantities of cargo over land, in an extremely reliable, sustainable, and cost effective manner, is ensuring that their demand would keep steadily increasing as industries become more globalized.

Below are the three major industry trends that are shaping the heavy duty trucks market outlook:

Increasing adoption of class 8 heavy duty trucks
With respect to class, the class 8 heavy duty trucks segment is likely to generate significant revenues over the coming years due to their ability to facilitate long-haul travel at exceptional performance levels. The segment is also slated to observe considerable growth owing to the increasing development of new trucks with advanced features.

To access a sample copy or view this report in detail along with the table of contents, please click the link below:
https://www.gminsights.com/request-sample/detail/2015

Additionally, growing application scope of class 8 trucks within the mining sector, coupled with increasing investments towards the development of more advanced trucks, would further compliment the segment outlook.

These trucks have 4×2 axle configuration, which means they have four wheels that are supported by one drive axle. This axel configuration allow two single drive axles within the truck design, which limits the load-carrying capacity, facilitating a steady growth trajectory to the market.

Growing demand for above 500HP heavy duty trucks
With regards to horsepower, the above 500HP heavy duty trucks market is forecast to witness significant demand owing to their exceptional load carrying capacities and their ability to traverse a plethora of different terrains.

Natural factors such as low oxygen supply at higher altitudes and extreme temperatures affect the power-generation ability of the engine, making it harder for small-engine trucks to traverse challenging terrains. This is pushing fleet managers to invest in above 500HP engines to overcome these environmental issues. This trend is expected to majorly foster the above 500 HP segment share by the end of the forecast timeframe.

Expanding APAC construction sector
On the regional front, the immense development of the regional infrastructure and construction sector is projected to fuel the Asia Pacific heavy duty truck market size. Furthermore, surging private and government sector investments towards the development several residential as well as commercial real estate projects is augmenting the adoption of heavy duty trucks in the region.

Heavy duty trucks market players are launching new products with advanced features keeping a focus on safety and cost-effectivity to increase their revenues. Citing an instance, in January 2020, Chevrolet launched the 2020 Chevrolet Silverado HD in the Middle East region. the truck has a 6.6L V8 L8T gasoline engine, that makes it a massive 401 horsepower truck with a 463 pound-feet of torque. Through the pickup truck, the company expects to garner more attention among heavy-duty fleet operators in the region.

The competitive landscape of the heavy duty truck market is inclusive of players such as Oshkosh Corporation, Mack Trucks, Eicher Motors Ltd., Kenworth, International Trucks, Peterbilt, Volvo, Tata Motors, Navistar, and Daimler Trucks among others.

About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights Inc.
Address: 4 North Main Street, Selbyville, Delaware 19975 USA
Phone: 1-302-846-7766
Website: https://www.gminsights.com/pressrelease/heavy-duty-trucks-market

Source URL: https://marketersmedia.com/heavy-duty-trucks-market-3-major-trends-influencing-the-global-industry-through-2026/89037993

Source: MarketersMedia

Release ID: 89037993

Forklift Market Trends 2021; 4 key trends driving the use of through 2027

Forklift Market will see noticeable growth over 2021-2027 driven by a consistent requirement for automated machines to replace traditional manual material handling methods.

Delaware, United States – July 22, 2021 /MarketersMedia/ —

Forklift market revenue will be significantly bolstered by a consistent requirement for automated machines to replace traditional manual material handling methods. The deployment of cutting-edge technologies, like RFID and IoT into the forklift machines is assisting operators to track the exact location of vehicles and remotely control them through software. These lift trucks also allow facility owners to accelerate material handling as well as to easily place various objects at large heights in racks.

The global forklift market demand is predicted to reach an annual value beyond USD 90 billion by 2027. The time-consuming and lowered productivity incurred from the involvement of human labor in the movement of goods or pallets has fueled the demand for forklifts to offer fast as well as effective outcomes.

Counterbalance forklifts to see a considerable footprint
Counterbalance forklift market will record a significant value through the coming years owing to their increasing demand to safely lift an extensive range of weights up to 48 tons. These trucks are gaining prominence for their versatility and abilities to function in outdoor and indoor environments. They can be powered with gas, diesel as well as batteries.

Besides, these forklifts offer a capacity range of 2,000 to 6,000 pounds. They are also widely employed across storage units, warehouses, and distribution units to cater to material handling requirements.

To access a sample copy or view this report in detail along with the table of contents, please click the link below:
https://www.gminsights.com/request-sample/detail/1371

Preference for Class II and Class VII components
The demand for electric motor Class II narrow aisle forklift market will grow at an exponential rate through 2027 owing to their higher penetration in constrained spaces. They help warehouse owners as well as industrial facility operators in maximizing the available storage space. These Class II trucks are powered with electric batteries to facilitate clean operations and handle pallets along with moving the inventory in facilities. They are also finding extensive applications in small industrial facilities given their high maneuverability and assistance in operating at narrow aisles and tight spaces.

Revenue of Class VII rough terrain forklifts will also strike a significant CAGR in the coming years due to their increasing need in the proliferating construction sector across the world. They can operate in rugged outdoor environments, hence are widely utilized in several commercial infrastructure development projects.

Increasing demand in chemical and retail & e-commerce industries
Forklift uses across the chemical sector could register a substantial revenue share through 2027. This can be attributed to the wide usage of these machines in chemical facilities to handle large quantities of fluids and hazardous chemicals. The higher use of explosive and harmful substances by various companies has pushed chemical facility operators to curb the concerns related to employee safety. This has increased the adoption of forklifts for the effective handling of fluids.

Demand for forklift services across retail & e-commerce industries will gain traction considering their increasing use in distribution facilities. The rising adoption of online retailing has also steered up the competition in the industry. This is due to the higher focus of e-commerce companies to modernize their distribution facilities in order to streamline operations.

Increasing adoption in the UAE
The forklift market size for the Middle East & Africa is anticipated to amass substantial revenue due to consistent growth in the industrial sector. Several government authorities in the UAE and Saudi Arabia have come forward with favorable initiatives to support the industrial revolution. As per estimates, the industrial sector contributed between 11% and 14% to UAE’s GDP in the last decade.

Moreover, the UAE government is consistently working on developing and sustaining a prolific production and industrial sector. There are also increasing efforts by industrial owners in the MEA region to replace manual and traditional techniques for material handling with new automated solutions. For instance, in 2018, Emirates Transport launched the first compressed natural gas-operated forklift in UAE.

Source URL: https://marketersmedia.com/forklift-market-trends-2021-4-key-trends-driving-the-use-of-through-2027/89037986

Source: MarketersMedia

Release ID: 89037986

Set-Top Box Market: Outlook, Opportunity and Demand Analysis, Forecast 2021- 2027

Set-Top Box Market size is expected to grow rapidly between 2021 and 2027 led by the increasing purchase of HD television worldwide.

Delaware , United States – July 22, 2021 /MarketersMedia/ —

The global set-top box market is expected to record upscale growth driven by increasing purchase of HD television worldwide. Consumers nowadays are gravitating towards HDTVs as they provide enhanced picture and sound quality. However, these devices operate at their best performance conditioned to the use of ultra HD and 4K set-top box (STB). A report published by Global Market Insights, states that the global market size is expected to exceed USD 21 billion by 2027. Government backed initiatives to boost digitalization and development of new infrastructures like hotels and offices could boost the demand for advanced set-top box.

Mentioned below are certain trends budding in the market:

1) Surging demand for hybrid STBs

Hybrid STB are devices that support internet-based and satellite broadcasting capabilities. The trending scenario of combining OTT application with satellite & cables TVs could generate lucrative prospects for STB manufacturers. Consumers at the moment are requesting for hybrid set-top boxes that offers TV programs as well as support OTT application. This trend of OTT is particularly spurring among younger population, a factor that may propel the demand for hybrid STBs.

To access a sample copy or view set-top box market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/4922

2) Setbacks incurred by COVID-19

The COVID-19 pandemic has severely affected the set-top box market growth. Governments across the globe have imposed many restrictions on movements of public in the first half of 2020. These restrictions have resulted in a gradual reduction in set-top box sales, hindering market share. However, according to recent surveys, the set-top box industry is estimated to see substantial growth in the year 2021 with the expected revival of economy.

3) Travel & tourism sector to offer impetus

Steady expansion in the travel and tourism industry could encourage the construction of new hotels. Owing to increasing commercial infrastructural development in economies including the UK, France, and Germany, the set-top box market may witness decent growth. Lucrative growth opportunities are likely to be offered to set-top box service providers in view of the presence of new hotels and resorts such as Hilton Group and Courtyard Group in Europe.

4) Strategic initiatives by the key players

Some of the major players operating in the set-top box market include Technicolor SA, Sercomm Corporation, Kaon Media Co., Ltd., TechniSat Digital GmbH, ADB Global, Samsung Electronics, and Mybox Technologies Pvt. Ltd. Companies are focusing on taking strategic initiatives to maintain financial stability and stay competitive in the market. These players are also launching innovative products and are enhancing their product offerings. For instance, in September 2019, Sagemcom and SFR Group launched the Box 8 TV set-top box that is integrated with voice assistant to control audio and video, offering enhanced entertainment experience.

About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Source URL: https://marketersmedia.com/set-top-box-market-outlook-opportunity-and-demand-analysis-forecast-2021-2027/89037974

Source: MarketersMedia

Release ID: 89037974

Smart Medical Devices Market Size : Technological Advancement and Growth Analysis 2027

Smart Medical Devices Market size is projected to grow at a modest rate during 2021 to 2027 owing to growing prevalence of diabetes, asthma and other diseases.

Delaware , United States – July 22, 2021 /MarketersMedia/ —

The smart medical devices market is estimated to witness robust growth owing to various features associated with the usage of these devices like obtaining real-time information, tracking past health records, and identifying potential health issues. A report published by Global Market Insights, suggests that the market size is anticipated to exceed USD 55.8 billion by 2027, reaching a growth rate of 11.2%. Smart medical devices are capable of analyzing patient’s health conditions by collecting real-time patient data. These devices can provide more precise treatment options.

Mentioned below are some trends shaping the growth trajectory of smart medical devices industry:

Implementation of new business strategies

Abbott, F. Hoffmann-La Roche Ltd, Medtronic, Dexcom, Fitbit, and Omron Corporation among others are some of the key manufacturers of smart medical devices. These companies are focusing on taking strategic initiatives like business expansion, acquisitions, mergers, and launching new products.

For Instance, in 2020, Medtronic plc, a global leader in medical technology, and Medicrea, a pioneer in the transformation of spinal surgery through AI (artificial intelligence), predictive modeling, and patient-specific implants entered into a tender offer agreement for the acquisition of all outstanding Medicrea shares.

To access a sample copy or view smart medical devices market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/1969

Extensive demand across homecare settings

Smart medical devices like glucometers and insulin pumps are being utilized to treat patients at home as they can be operated easily without any professional training. Patients with diabetes and blood pressure can check their vitals using such devices. As per a report, the home care settings segment accounted for maximum revenue share and is estimated to witness considerable growth of 11.4% by 2027.

Expanding population in APAC

The Asia Pacific smart medical devices market is estimated to witness commendable growth. The regional market is majorly influenced by factors like increasing population, rising disposable income, improving lifestyle, and burgeoning demand for novel products. Additionally, rising government support and spreading awareness across some of the countries of the region regarding early detection of diabetes and other such diseases might accelerate the demand for smart medical devices, thereby augmenting market expansion.

Need for diagnostic & monitoring devices

New technological advancements and intensifying prevalence of chronic diseases like asthma and diabetes are the major factors driving the diagnostic & monitoring segment size. The segment is expected to showcase significant growth at a rate of 11.3%, reaching a smart medical devices market revenue of USD 43.2 billion by 2027. Technological advancements like Google’s smart contact lenses that are designed for patients suffering from diabetes can help in measuring the sugar level by patients tears fluidal composition. Rising cases of diabetes and introduction of innovative treatment solutions may impel the smart diagnostic & monitoring devices market.

About Global Market Insights Inc.

Source URL: https://marketersmedia.com/smart-medical-devices-market-size-technological-advancement-and-growth-analysis-2027/89037980

Source: MarketersMedia

Release ID: 89037980

Digital Banking Market Trends 2021, Growth Analysis and Forecasts 2026

Digital Banking Market is anticipated to witness healthy growth during 2021 to 2027 driven by a steady shift towards online banking platforms.

Delaware, United States – July 22, 2021 /MarketersMedia/ —

Digital Banking Market will generate lucrative growth opportunities through 2026 on account of a steady shift towards online banking platforms. With the availability of high-speed internet and smartphones, accessing mobile banking services have become easier for customers. Increasing need to enhance user experience and lower the OPEX & CAPEX associated with banking transactions could massively boost the adoption of digital banking systems. Global Market Insights, Inc., estimates that the digital banking market demand might surpass USD 12 trillion by the year 2026.

The global banking & financial industry is flourishing, with huge amounts of transactions being done on a daily basis. Back in 2019, overall digital payment transactions were valued over USD 740 trillion, and were predicted to be more than 750 billion in terms of volume. Digitalization of financial offerings and digital transformation in the BFSI sector could considerably advocate industry outlook.

Mentioned below are some of the ongoing trends advancing the digital banking market size:

Rapid advancements in the corporate banking sector –
Corporate banking is regarded as an extremely profitable unit of banks which supports a lot of large-scale enterprises. Surging need for a platform with reduced complexities and simplifies banking processes could stimulate the adoption of digital banking solutions across corporate banks. Estimates suggest that the segment could record a CAGR of more than 8% within the predicted timeframe.

These services allow corporate banks to decrease complications in handling cash payments and transactions across different partner banks. Additionally, it offers enhanced liquidity management capabilities as well as optimum convenience and control in major banking processes.

To access a sample copy or view this report in detail along with the table of contents, please click the link below:
https://www.gminsights.com/request-sample/detail/2651

Lucrative opportunities across Asia Pacific –
Rapid digitization across the banking sector coupled with increasing developments in financial technologies could accelerate the Asia Pacific digital banking market share. Forecasters claim that the region could control almost 65% of the global market share by the end of 2026. Banking institutes across Singapore and India are embracing digital banking technologies with open arms. Citing an instance, Singapore’s biggest mobile operator, Singtel along with its partner Grab is considered to be a strong contender for a digital banking license in Singapore.

Businesses operating in APAC are constantly focusing on launching and developing advanced digital banking solutions. For example, earlier in August 2020, Sub-K IMPACT Solutions introduced a new digital finance platform dubbed Sub-K Sarthi. The platform offered affordable and accessible financial services to users. This feature is ideal for SMEs and underserved customers.

Adoption of new business strategies –
Established players operating in the digital banking market are engaged in a series of growth strategies like product innovations, strategic collaboration, and business expansion to enhance their customer base and overall market share. Taking October 2020 for instance, HSBC launched a new cash flow forecasting tool for enterprises functioning from the US. The move would improve a range of HSBC’s digital commercial banking products.

Source URL: https://marketersmedia.com/digital-banking-market-trends-2021-growth-analysis-and-forecasts-2026/89037991

Source: MarketersMedia

Release ID: 89037991

Military Robots Market Evolving Technology, Segmentation and Industry Analysis 2021 to 2027

Military Robots Market size is projected to grow exponentially during forecast period owing to the rising demand for UGVs for counter-insurgency operations.

Delaware , United States – July 22, 2021 /MarketersMedia/ —

The military robots market is expected to be driven by rising demand for UGVs for counter-insurgency operations. Innovations in technology and high-tech advancements in robotics are paving the way for the development of intelligent military robots. Rising demand for automated robots and increasing extension in defense budget for technologies such as unmanned systems may drive lucrative business scenario for military robots manufacturers and suppliers in the coming years.

As per a report published by Global Market Insights, the military robots market size is expected to around USD 27 billion by 2027. However, the COVID-19 pandemic has impacted the industry and its related expansion opportunities. Governments across many countries are compelled to focus more on supporting the healthcare sector during this pandemic. This has consequently led to the allotment of a limited budget to the defense industry for any driving innovations.

Nonetheless, with a need to reduce dependency on foreign manufacturers, several government organizations are focusing on encouraging the development of domestically manufactured naval systems, ground and unmanned aerial, benefitting local players operating in the military robots niche.

Elaborating on some of the trends that could progress the market expansion by 2027:

1) Surging demand for automated military robots
Automated military robots have seen a huge demand owing to their growing use by homeland security and various defense agencies. These robots are designed with an intention to keep soldiers away from the warzone to reduce casualties especially during intense military conflicts.

They are rigged with enhanced features like the ability to identify precise location for surveillance to support applications including search & rescue operations, Explosive Ordnance Disposal (EOD), combat, and excavation clearance. All these factors can enhance the demand for automated military robots over time.

To access a sample copy or view military robots market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/2110

2) Strategic initiatives by the major players

Key players operating in the military robots market are constantly implementing strategic initiatives to stay competitive in the market and to maintain their financial stability. They are constantly emphasizing on collaborating with government organizations for offering naval, aerial, and land-based military robots and services.

Some manufacturers are currently emphasizing on building entirely autonomous unmanned systems that operate on marine and land platforms. Firms like Boeing, BAE Systems, Raytheon Technologies, Northrop Grumman Corporation, Leonardo S.p.A., Lockheed Martin Corporation, FLIR Systems, Inc., IAI, Elbit Systems Ltd., and Kratos Defense & Security Solutions, Inc. are currently holding a major presence in the military robots sector.

3) Mounting demand in the Asia Pacific

Asia Pacific military robots market is projected witness lucrative growth over the estimated timeframe. Rising cross-border issues between countries like China and India, mounting defense budget, and increasing instances of market players partnering with government organizations may have a positive impact on military robots businesses in the region. Highlighting an instance, the U.S. government had collaborated with the Indian Government to deploy and develop small air-launch UAVs for defense applications in the year 2019.

About Global Market Insights Inc.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights Inc.
Address: 4 North Main Street, Selbyville, Delaware 19975 USA United States
Phone: 1-302-846-7766
Website: https://www.gminsights.com/pressrelease/military-robots-market

Source URL: https://marketersmedia.com/military-robots-market-evolving-technology-segmentation-and-industry-analysis-2021-to-2027/89037968

Source: MarketersMedia

Release ID: 89037968

Preclinical CRO Market 2021 Regional Trends, Revenue, Forecast 2027

Preclinical CRO Market size is expected to account for a considerable growth rate between 2021 and 2027 on account of an increase in collaborative strategies by key industry participants.

Delaware , United States – July 22, 2021 /MarketersMedia/ —

The latest trends in the preclinical CRO market are driven by an increase in collaborative strategies by key industry participants. In a similar context, Charles River Laboratories completed the acquisition of MPI Research, a non-clinical organization focused on providing comprehensive testing services, in February 2018.

Citing another instance, in February 2021, ERS Genomics awarded CRO ZeClinics with a non-exclusive license to its CRISPR-Cas9 patent portfolio. ZeClinics will be utilizing this license for the creation of somatic F0 knockout, single-knockout, and double-knockout zebrafish variants to be deployed as disease models.

According to Eric Rhodes, the CEO of ERS, by securing access to this foundational CRISPR-Cas9 intellectual property, ZeClinics is capable of continuing the provision of valuable preclinical services and models for drug development and discovery. Similar advancements are touted to bolster the demand for preclinical testing over the ensuing years.

As per the latest research by Global Market Insights Inc., the global preclinical CRO market size is estimated to surpass USD 7.8 billion by 2027.

Major preclinical CRO companies comprise Laboratory Corporation of America Holdings, Pharmaceutical Product Development, Charles River Laboratories, Envigo, and others. These participants are focusing on acquisitions, mergers, partnership agreements, and product developments for the enhancement of product portfolio and increasing their geographical footprint.

To access a sample copy or view preclinical CRO market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/2860

Few pivotal trends driving industry expansion include:

Increasing demand for toxicology testing services

Toxicology services are required in the preclinical phase, given that they assist in the characterization and identification of all toxicities related to the drug for predicting adverse events. The toxicology testing service segment accounted for a valuation of USD 1.7 billion.

These preclinical services are utilized for the depiction of the toxicity outline of a drug by detecting its effect on organ functionality or structure. This provides vital data related to long-term protection.

Surging number of R&D activities

Rising number of drugs and an escalation in the R&D expenditure are expected to augment preclinical CRO market size through the estimated period. The highest R&D expenses at the global level are recorded from the pharmaceutical and biopharmaceutical industry.

The soaring requirement for R&D cost containment is set to stimulate preclinical CROs market growth. This is on account of the increasing demand for enhanced efficiency and cost reduction.

Rising preference for preclinical CROs in the Asia Pacific

An upsurge in the ongoing preclinical testing in oncology and the number of investigational compounds will bolster the requirement for preclinical CROs in the APAC. The Asia Pacific preclinical CRO industry is projected to depict appreciable growth of 8.6 per cent through 2027.

This is due to the soaring prevalence of chronic health issues comprising cardiac diseases, cancer, and diabetes in the region. In addition, escalating concerns associated with drug safety and efficacy and the adoption of preclinical CROs by governments will propel industry growth.

On the whole, rapidly evolving research practices coupled with an increase in the outsourcing of R&D activities will boost preclinical CRO market share through the assessment period.

About Global Market Insights Inc.

Source URL: https://marketersmedia.com/preclinical-cro-market-2021-regional-trends-revenue-forecast-2027/89037972

Source: MarketersMedia

Release ID: 89037972

Automotive Wheel Market Forecast 2026, 3 pivotal trends likely to drive industry outlook

Automotive Wheel Market will experience a dynamic growth between 2021 and 2027 led by growing consumer spending on vehicle customization along with demand for lightweight and corrosion resistant wheels.

Delaware, United States – July 22, 2021 /MarketersMedia/ —

Automotive Wheel Market revenue is likely to witness exponential growth through 2026 driven by growing consumer spending on vehicle customization along with demand for lightweight and corrosion resistant wheels. There is large-scale usage of distinct forms of alloys including steel, magnesium and aluminum to provide improved heat conduction and better aesthetics over conventional steel-made wheels.

The automotive wheel market demand is projected to reach USD 144 billion in terms of annual remunerations by 2026, globally. Ongoing innovations to reduce vehicle downtime, increase cost-effectiveness and enhance vehicle performance will positively impact developments in automotive wheels. Auto manufacturers are focused on innovating materials for wheels offering high load bearing capacities for heavy commercial vehicles. Increased demand for luxury, premium vehicles and high performance vehicles is further prompting manufacturers to incorporate innovative material and technology in new models.

For instance, the current hyper sports cars by Bugatti, Chiron and Divo are incorporated with very sturdy and light weight wheels made of a specially forged aluminum alloy as these wheels & tires are subject to extreme loads and g-forces at speeds beyond 400 kilometer per hour. Both sides of the cavities and wheels are finely milled as part of a unique process to produce wheels with minimum weight for maximum rigidity and stability along with delivering an aesthetically appealing design.

Technological advancements in handling capacities of lighter wheels by cutting down unwanted mass and aiding suspension to follow the terrain more carefully with improving grip will fuel product demand in the coming years.

To access a sample copy or view this report in detail along with the table of contents, please click the link below:
https://www.gminsights.com/request-sample/detail/1706

Adoption of carbon fiber automotive wheels
Carbon fiber automotive wheel market share is estimated to grow at 6% CAGR up to 2026 on account of high tensile strength, lower weight and robust strength traits of carbon fibers. Incorporation of carbon fiber wheel in vehicles offers improved acceleration, braking as well as consistent performance as compared to aluminum wheels.

Increasing production of fuel-efficient cars requiring light weight material like carbon fiber will support automotive wheel market demand. For instance, BMW introduced M Carbon compound wheels for the M4 GTS model in 2016. The new compound aided in reducing the weight of rotational and unsprung masses, further resulting in improved steering response as well as vibration levels.

Consistent growth of the automotive aftermarket
Shifting trends towards customized wheels for better output and aesthetics, available at lower prices is driving the sales of wheels in aftermarket. Manufacturers in the automotive aftermarket offer high quality products conforming with the standards enforced by OEMs. Assured reliability and functionality of the products available in aftermarket at lower price points is resulting in increased product consumption.

Demand for high load bearing truck wheels
Demand for heavy load bearing trucks is increasing in commercial applications due to rapid industrialization and urbanization trends. However, strict environmental regulations governing the fuel emission levels is promoting the utilization of lighter vehicle parts and wheels without compromising on rigidity, strength and overall safety.

Increased freight demand with expansion of e-commerce along with ongoing development of materials for bearing high load carrying capacities will provide impetus to wheel manufacturers.

Prominent wheel manufacturers in North America
North America automotive wheel market size is forecast to showcase growth rate of more than 6% through 2026 due to the presence of major wheel manufacturers in the region, including U.S. Wheel Corporation, Wheel Pros, Maxion Wheel and Superior Industries.

Some industry players are acquiring other wheel manufacturing companies to strengthen their regional presence. For instance, Superior Industries International Inc acquired Uniwheels AG in 2017, with an ownership of 61% shares.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights Inc.
Address: 4 North Main Street, Selbyville, Delaware 19975 USA
Phone: 18886890688
Website: https://www.gminsights.com/pressrelease/automotive-wheel-market

Source URL: https://marketersmedia.com/automotive-wheel-market-forecast-2026-3-pivotal-trends-likely-to-drive-industry-outlook/89037982

Source: MarketersMedia

Release ID: 89037982

ASEC Announcing to develop a “Talents Distribution Platform for Medical Care Industry”

July 22, 2021 /MarketersMedia/ —

ASEC aims to help solve social issues and reduce inequality. It stays committed to solving social issues resulting from disparities in medical care, education, politics, public service and employment. From early 2020, it started to conduct medical businesses – Medical Leader Thailand (MLT).

At the moment, it is building one of largest databases of medical care personnel in Asia and developing a mobile app to distribute information for medical care personnel.

Besides, it has established cooperation with Siriraj Hospital, a public medical institution of Thailand and BDMS Group in Thailand, and become partners with world-famous healthcare information distribution company – Medical Tribune.

In the third quarter of the year, ASEC plans to develop a new medical service – matching healthcare professionals with human resource department of healthcare institutions based on MLT database.

ASEC aim to solve healthcare issues among Asia countries
Though Asia has the highest laid-off rate and is seen as the largest talents liquidity market, the medical industry of Asia subjects to shortage of medical human resources, resulting the strain of the whole healthcare system.The reason is the lack of quality matching service between employers and job seekers.Admittedly, there’s platforms to promote employment and help people swap jobs, but such platforms especially for medical care industry are rare. This is the point that ASEC focuses on.

By leveraging the database, ASEC is capable of offering matching services for hospitals and medical companies. On the one hand, it helps medical institutions find the talents they want, on the other, it enabled the job seeker to select the most suitable post.

The project is not limited to Thailand. South-east Asia countries like Vietnam, the Philippines, Cambodia, Myanmar, Indonesia are included. It will use blockchain technology and crypto currency to complete agreement signing and payment across the countries.

The purpose of businesses is to meet the demand of society. With advanced technology, the process can be made more smoothly and effectively. As such, ASEC is committed to meeting social demand with the most updated technology so as to promote business efficiency.

Project Initiating in Autumn of 2021
To initiate the project, ASEC is expanding the database.

ASEC’s members are not only doctors, but also nurses, pharmacist, medical technicians. Besides, it is expanding partnerships with hospitals, medical institutions and other medical companies.

Looking forward to ushering in a whole new era by combining our resources and blockchain technology in balancing the strained medical system in Asia.

*ASEC Project Business Plan
https://asec-project.com/files/pjt_doc_en.pdf

What is ASEC Project?

ASEC was initiated in 2016 and is aiming to reduce the difference in South-east Asia. After fundraising via “ASEC Token” in 2017 – 2018, Medical Leaders Thailand (MLT) was established in 2020 to solve healthcare disparities in Thailand. It keeps close cooperation with major hospitals and medical institutions, as well as influential doctors and professionals in Thailand, so as to lift the medical care standard.

* “ASEC Coin” is the native token of ASEC project. As the crypto currency circulating in the business field, it was listed on AlterDice, a Singapore-based crypt ocurrency trading platform.

Contact Info:
Name: Thitikarn Suparangkoo
Email: Send Email
Organization: ASEC Frontier (Thailand)Co., Ltd.
Phone: (+66) 2 – 118 – 0873
Website: https://www.asec-frontier.com/

Source URL: https://marketersmedia.com/asec-announcing-to-develop-a-talents-distribution-platform-for-medical-care-industry/89035101

Source: MarketersMedia

Release ID: 89035101

WA’s Largest Builder Launches Home Design Magazine

BGC Housing Group launch first Issue of the BGC Home Magazine. “Heart of the Home” features 164 pages of industry news, insights, home design trends and inspiration.

Perth, Australia – July 22, 2021 /MarketersMedia/ —

BGC Housing Group, WA’s largest builder, launches BGC Home Magazine. The first edition has 164 pages packed with home inspiration, design trends and tips, and insights from industry leaders.

The free magazine will be available from Friday 19 March at BGC Home in Osborne Park, display homes around WA, and an interactive version will be available online. This self-published lifestyle magazine by BGC Housing Group will be released each quarter.

Expect beautifully curated pages of interior design inspiration, insightful interviews with experts – and features on the latest products and services available to West Australians.

Each edition will have a theme, the first being “Heart of the Home”. Recent events have made us all see our homes as more than just places to eat and sleep. We are now spending more time at home and paying more attention to spaces where we can entertain, work and relax.

BGC Housing Group Executive General Manager, Michael Bartier says the magazine will be an insightful and inspirational read for anyone looking for home and style inspiration.

“We are so proud to launch BGC Home Magazine – it is an incredible achievement for the team here, and a really beautiful way to capture the inspiration and expertise of our industry.”

“This magazine offers a truly unique opportunity for West Australians to check out the products and trends coming through our market. All too often you can flip through a magazine or see something online only to discover it isn’t available in WA. BGC Home Magazine features our WA products and trends alongside expert industry advice,” Michael adds.

“As the state’s largest homebuilder, we set out to create a publication that complements the experience of our new state-of-the-art showroom in Osborne Park. We’re passionate believers in the benefits of home ownership and we hope that the showroom and magazine will inspire fellow West Australians to build their dream home, whatever and wherever that may be.”

Contact Info:
Name: Shelby Moore
Email: Send Email
Organization: BGC Housing Group
Website: https://www.bgchousinggroup.com.au/

Source URL: https://marketersmedia.com/was-largest-builder-launches-home-design-magazine/89034186

Source: MarketersMedia

Release ID: 89034186