#global Hydraulic Motor Market by rising trends

[robertemma27-blog]

Market Outlook and Key Players in the Precision Planting Market

The global precision planting market size is estimated to be USD 5.0 billion in 2022 and is projected to reach USD 8.2 billion by 2027, at a CAGR of 10.3% during the forecast period.

Some of the major factors contributing to the growth of precision planting market includes the substantial cost-savings associated with precision planting and seeding equipment, surge in the adoption of advanced technologies in precision agriculture to reduce labour cost, and increasing promotion of precision planting techniques by governments worldwide. Moreover, climate change and need to meet rising demand for food will also drive the growth of the industry in the near future.

Key Players:Deere & Company (US), Trimble Inc. (US), CNH Industrial N.V. (UK), Kinze Manufacturing, Inc. (US), and Precision Planting (brand of AGCO) (US) are among the major players in the precision planting companies.

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By System Segment, High-speed precision planting systems to led the precision planting market during the forecast period

Precision planting market share will continue to be dominated by high-speed precision planting systems in 2022 and similar trend is expected to be continued by 2027. Farmers are becoming more aware of the benefits of using these planting systems as well as the high return on investment (ROI). With GPS-based auto-guidance planters, growers can reduce seed overlap during the planting process, thereby reducing input costs substantially.

By Offering, Hardware segment to account for largest market share of precision planting market during the forecast period

Precision planting market share is expected to remain high in the hardware segment until 2027. Increasing adoption of automation and control devices, such as drones/unmanned aerial vehicles (UAV), GPS devices, control systems, guidance systems, delivery systems, and display systems, has contributed to the growth of this segment. Planters use hardware such as delivery systems, control systems, seed meters, sensors, and GPS devices to ensure accurate seed placement and uniform seed distribution. Agricultural vehicles use GPS-based auto-guidance technology to reduce overlapping during field mapping, which in turn saves fuel, labor, and time, and compacts soil. Precision planting hardware market growth is expected to be driven by the increasing adoption of advanced planting and seeding equipment with new features such as VRT and guidance systems for precision planting.

By drive type segment, precision planting market is expected to see higher growth rate for the electric drive segment during the forecast period

The electric drive makes precision planter and seeding systems simpler. Farmers for whom corn is a secondary crop say the cost of a new planter forces them to keep fixing, modifying, and upgrading the older unit. By using electric motors, farmers or growers are able to control individual row units at a variable rate. As energy consumption on farm equipment increases, they have a clear advantage over mechanical, hydraulic, and pneumatic components. The power delivery of an electric motor is consistent and uniform. The regulation of electricity is more precise than any other power source. 

By Region, North America is expected to lead the precision planting market share during the forecast period.

The Americas is segmented into North America and South America. North America is expected to account for the largest share of the precision planting market during the forecast period, owing to the presence of a substantial number of large-sized farms and major players, such as Deere & Company (US), Precision Planting (brand of AGCO) (US), Kinze Manufacturing Inc. (US), and Topcon Positioning Systems (US) in this region. These companies have contributed to the growth of the precision planting market by launching innovative products and services, and extensively investing in the R&D of precision planting technologies.

[businessindustry]

Eccentric Press Market Industry Report, Share by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Eccentric Press Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Eccentric Press Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Eccentric Press Market?

The eccentric press market to register a CAGR of 4.5% during the forecast period of 2024 to 2032.

What are Eccentric Press?

An eccentric press, also known as a mechanical press, is a machine used in metalworking to shape or cut metal through force application. It comprises a motor-driven flywheel for energy storage and a crank mechanism converting this energy into linear force. The eccentric press stands out due to its off-center design, where the crankshaft is positioned away from the ram, allowing for greater force concentration at the stroke's bottom. This design is particularly beneficial for tasks requiring high force at specific points, such as metal sheet bending or stamping. Eccentric presses are widely employed in manufacturing to produce various metal components and products.

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What are the growth prospects and trends in the Eccentric Press industry?

The eccentric pass market growth is driven by various factors and trends. The eccentric press market is steadily growing, fueled by rising global demand for metalworking machinery across industries. These presses are valued for their versatility in shaping and cutting metal, making them indispensable in manufacturing various products. Factors like technological advancements, automation, and the demand for precision in metalworking are driving market growth. Moreover, the increasing use of eccentric presses in developing economies is further propelling market expansion. However, challenges such as high upfront costs and the presence of alternative technologies could slightly impede market growth. Hence, all these factors contribute to eccentric pass market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type:

Mechanical Eccentric Press

Hydraulic Eccentric Press

Pneumatic Eccentric Press

By Application:

Automotive

Aerospace

Electronics

Metalworking

Construction

Others

By End-Use:

Original Equipment Manufacturers (OEMs)

Tier-1 Suppliers

Small and Medium Enterprises (SMEs)

Market Segmentation By Region:

North America

United States

Canada

Europe

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific

China

India

Japan

Australia & New Zealand

ASEAN

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

United Arab Emirates

Israel

Who are the key players operating in the industry?

The report covers the major market players including:

Schuler AG

Komatsu Ltd.

Aida Engineering Ltd.

HME Filter GmbH

Siemens AG

Nidec Minster Corporation

Chin Fong Machine Industrial Co., Ltd.

Bruderer AG

JIER Machine Tool Group Co., Ltd.

Danly IEM

Manz AG

Metal Forming and Coining Corporation

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[credenceresearchdotblog]

The global demand for Lubricants was valued at USD 1,75,484.2 Million in 2023 and is expected to reach USD 2,39,166.9 Million in 2032, growing at a CAGR of 3.50% between 2024 and 2032.Lubricants play a crucial role in various industries, from automotive to manufacturing, ensuring the smooth operation of machinery and reducing wear and tear. The global lubricants market is a dynamic and rapidly evolving sector, driven by technological advancements, environmental regulations, and changing consumer preferences. This article explores the current state of the lubricants market, key trends, challenges, and future outlook.

Browse the full report at https://www.credenceresearch.com/report/lubricants-market

Market Overview

The global lubricants market is vast, encompassing a wide range of products including engine oils, hydraulic fluids, gear oils, and greases. According to recent reports, the market size was valued at approximately $123 billion in 2023 and is projected to grow at a CAGR of 2.5% from 2024 to 2030. The automotive sector remains the largest consumer of lubricants, accounting for nearly half of the total demand. Industrial applications, however, are gaining significant traction, driven by the growth of manufacturing and heavy machinery sectors.

Key Trends

1. Technological Advancements: Innovations in lubricant formulations are transforming the market. Synthetic lubricants, which offer superior performance compared to conventional mineral oils, are gaining popularity. These lubricants provide better thermal stability, reduced friction, and longer service life, making them ideal for high-performance engines and industrial machinery.

2. Environmental Regulations: Stringent environmental regulations are shaping the lubricants market. Governments worldwide are implementing policies to reduce carbon emissions and promote sustainability. As a result, there is a growing demand for eco-friendly lubricants that are biodegradable and have lower toxicity. Manufacturers are focusing on developing products that meet these regulatory standards without compromising performance.

3. Shift Towards Electric Vehicles (EVs): The rise of electric vehicles is impacting the lubricants market. Unlike internal combustion engine (ICE) vehicles, EVs require fewer lubricants. However, specialized lubricants are needed for components such as electric motors, bearings, and gearboxes. The transition to EVs is prompting lubricant manufacturers to innovate and develop new formulations to cater to this emerging market.

4. Digitalization and Industry 4.0: The adoption of digital technologies and Industry 4.0 principles is revolutionizing the lubricants market. Predictive maintenance, enabled by IoT and data analytics, is becoming a standard practice in industries. Smart lubricants, equipped with sensors, can monitor equipment performance in real-time and provide valuable data to optimize maintenance schedules and improve operational efficiency.

Challenges

1. Fluctuating Raw Material Prices: The lubricants industry heavily relies on petroleum-based raw materials. Volatility in crude oil prices can significantly impact production costs and profit margins for lubricant manufacturers. Finding alternative raw materials and improving supply chain resilience are essential to mitigate these risks.

2. Sustainability and Environmental Impact: Despite advancements in eco-friendly lubricants, achieving sustainability remains a challenge. The production, use, and disposal of lubricants can have environmental consequences. Manufacturers must invest in research and development to create sustainable products and adopt circular economy practices to minimize their environmental footprint.

3. Market Competition: The lubricants market is highly competitive, with numerous global and regional players vying for market share. Differentiating products through innovation, quality, and customer service is crucial to stay ahead in this competitive landscape. Additionally, strategic partnerships and mergers can help companies expand their market presence and enhance their product offerings.

Future Outlook

The future of the lubricants market looks promising, driven by technological advancements and evolving industry needs. The increasing adoption of synthetic and bio-based lubricants is expected to continue, supported by growing awareness of environmental sustainability. The rise of electric vehicles and Industry 4.0 will further stimulate innovation in lubricant formulations and applications.

Moreover, the Asia-Pacific region is anticipated to be a major growth driver for the lubricants market. Rapid industrialization, urbanization, and the expansion of the automotive sector in countries like China and India will boost demand. North America and Europe, with their focus on advanced manufacturing and sustainability, will also contribute to market growth.

Key Players

PetroChina Company Limited (China)

Chevron Corporation (U.S.)

ExxonMobil Corporation (U.S.)

Royal Dutch Shell Plc. (Netherlands)

Total Group (France)

BP plc (U.K.)

Valvoline LLC (U.S.)

ENEOS Corporation (Japan)

The FUCHS Group (Germany)

Global Lubricant Industry LLC (UAE)

Shield Lubricants (India)

AMALIE Oil Co. (U.S.)

Others

Segmentation

Type of Lubricant:

Mineral Lubricants

Synthetic Lubricants

Bio-based Lubricants

Greases

Solid Lubricants

Application:

Automotive Lubricants

Industrial Lubricants

Marine Lubricants

Aviation Lubricants

Rail Lubricants

Mining Lubricants

Construction Lubricants

Agricultural Lubricants

Base Oil Type:

Group I Base Oils

Group II Base Oils

Group III Base Oils

Group IV Base Oils

Group V Base Oils

End User:

Automotive Industry

Manufacturing Sector

Transportation and Logistics

Mining and Construction

Maritime Industry

By Region

North America

US

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of Middle East and Africa

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[market-insider]

Electric Power Steering Market: Taking a Smooth Turn

With a shift in the automotive industry toward more fuel-efficient and smarter vehicles, the electric power steering market has a huge potential to grow in the upcoming years. Consumers have started preferring the electric power steering (EPS) system over the traditional Hydraulic Power Steering (HPS) system when they decide to buy a new vehicle, as EPS provides an enhanced and smooth driving experience.

The EPS system does not require a mechanical connection between the steering and the wheels. In the electric power steering system, when the steering is turned, a torque sensor on the steering column detects this movement and sends information to the Powertrain Control Module (PCM), which is the control unit of the car. This control unit then sends electricity to the motor placed at the end of the steering column. Once the motor receives the correct voltage signal, its gears start rotating, which controls the movement of the car's rack and ensures that the front wheels move in the desired direction!

Integration with other Automotive Systems: One of the biggest benefits of adopting the EPS system is that it can be integrated with other automotive systems, which is the need of the hour. Lane departure warning (LDW), automated parking and electronic stability control (ESC) are recent trends of the automotive industry that are compatible with the EPS system. The diverse applications of EPS in other automotive systems increase vehicles’ overall safety and enable more sophisticated steering assistance.

Integration with Autonomous Driving System: Another major industry trend is autonomous driving systems, and the EPS is crucial here, too! An Autonomous Driving System (ADS) requires electric power steering, as it allows the car to steer itself without the driver's assistance.

Why the Electric Power Steering Market is Growing: Advantages Offered by Electric Power Steering System

The EPS system is becoming popular as it offers many advantages when compared to the traditional hydraulic power steering system. HPS has a complicated design and consumes more power than electric power steering. Growing environmental concerns have given rise to the adoption of EPS as they consume less fuel than their traditional counterpart. According to some estimates, EPS can save up to 90% of the energy used by the HPS system. Moreover, the EPS system does not require hydraulic fluids, which results in reduced maintenance costs. Electric power steering also helps in reducing the weight of the vehicle as it uses electric motors instead of hydraulic pumps.

Governments and regulatory organizations in many countries have enforced strict guidelines related to CO2/CO emissions, fuel efficiency and vehicle safety, that mandate manufacturers to integrate cutting-edge technologies in steering mechanisms. For example, in case of frontal impact, collapsible electric power steering (CEPS) collapses the steering column and provides additional safety to the driver by reducing the risk of chest and head injuries.

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Challenges

The EPS industry has its challenges too—limited aftermarket presence being the first. The EPS components have a relatively small aftermarket, which poses a challenge to vehicle owners looking for repairs or improvements. Secondly, despite being simple in design, the repair and maintenance of electric power steering is little complex. Since the market is evolving fast, specialized skills and equipment are required for proper servicing. This can lead to higher maintenance costs for the owner. EPS’s dependency on electrical systems is another major threat to the market growth, as electrical failures can affect steering performance, raising concerns regarding safety.

Global Overview

The global electric power steering market had a size value of more than USD 25.32 billion in 2023. This is anticipated to reach around USD 40 billion by 2030, growing at a compound annual growth rate of 6.6% from 2024 to 2030. The market has witnessed tremendous transformation in the recent few years. With the growing popularity of hybrid and electric vehicles, EPS system is delivering lightweight and energy-efficient solutions. Due to the emerging economies of the Asia Pacific, the EPS industry accounted for the largest revenue generation in this region in 2023. The rapidly growing demand for the solution from countries such as India and China, where the rising population provides a large customer base, has given a boost to the electric power steering market.

Europe is another key market for EPS due to the presence of significant manufacturers in the region. For example, the rising demand for ADAS and the push toward autonomous vehicles in Germany have given a push to the adoption of EPS by the major automakers operating in the country, such as Volkswagen Group, BMW AG, and Mercedes-Benz. Moreover, organizations such as the International Council on Clean Transportation (ICCT) and the European Union (EU) have implemented stringent emission and fuel efficiency standards that encourage the adoption of EPS technology. North America has a significant presence of larger vehicles such as trucks and SUVs. These heavy vehicles require better safety features, such as precise and responsive steering systems. EPS technology plays a crucial role here.

Innovations in the industry

The EPS industry is evolving rapidly. Key players are coming up with innovative and latest technologies to stay ahead of their competitors. In April 2023, Nexteer Automotive launched the Modular Rack-Assist Electric Power Steering system (mREPS) to provide cost-effective, modular EPS solutions. The mREPS system offers advanced steering systems in heavier vehicles, including EVs. Similarly, in September 2022, Hitachi Astemo introduced a Steer-by-Wire prototype, which actuates the tires through the electric control of steering wheel inputs.

JTEKT Corporation, GKN Automotive Limited, Hitachi Astemo, Ltd., Denso Corporation, Nexteer Automotive, NSK Ltd., Robert Bosch GmbH, Hyundai Mobis, Mitsubishi Electric Corporation and ZF Friedrichshafen AG, are some of the leading companies in the electric power steering market.

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[unboxindustry]

Industrial Robotic

The Genesis of Industrial Robots: A Historical Perspective 

Industrial robots have been an integral part of the manufacturing industry for decades. The evolution of industrial robots can be traced back to the 1930s when the earliest known industrial robot was created by Griffith “Bill” P. Taylor. Since then, the development of industrial robots has been marked by several key milestones and breakthroughs. In the 1950s, George Devol developed the first industrial robot, a two-ton device that autonomously transferred objects from one place to another with hydraulic actuators. In the 1960s, the first industrial robot was installed in a General Motors plant in New Jersey. In the 1970s, the first microprocessor-controlled robot was developed. In the 1980s, the first robot with six degrees of freedom was introduced. In the 1990s, the first collaborative robot was developed. Today, industrial robots are used in a wide range of applications, from welding and painting to assembly and packaging. 

The global industrial robotics market is poised for dynamic growth. The report identifies several qualitative factors that are driving this growth, including dramatic developments in technology and new applications as well as global trends of rising labour costs, increasing labour turnover and shortages, and decreasing equipment costs and global competition. The report also identifies key options for unleashing the market’s full growth potential, including developing standards for interoperability, promoting robotics-related upskilling and retraining at scale, and bringing robotics to small and medium-sized companies. 

Types of Industrial Robots: From Assembly Lines to Smart Factories  

Industrial robots are used in a wide range of applications, from welding and painting to assembly and packaging. There are several types of industrial robots available on the market, each with its unique capabilities and strengths. Here’s a brief overview of some of the most common types of industrial robots:  

Articulated Robots: These robots have a flexible movement and can be quite powerful, capable of lifting heavy objects. They are most commonly used for tasks like picking and placing, sorting, assembling, welding, and finishing.  

Cartesian Robots: These robots move in straight lines along three axes and are ideal for tasks that require high precision and repeatability, such as drilling, milling, and cutting.  

SCARA Robots: These robots have a horizontal arm that can move in a circular motion and are ideal for tasks that require high speed and precision, such as assembly and packaging.  

Delta Robots: These robots have a unique design that allows them to move very quickly and are ideal for tasks that require high speed and precision, such as pick-and-place operations.  

Gantry Robots: These robots have a large work envelope and are ideal for tasks that require high payloads and long reach, such as material handling and palletizing.  

Cylindrical Robots: These robots have a cylindrical work envelope and are ideal for tasks that require high speed and precision, such as assembly and packaging.  

Collaborative Robots (Cobots): These robots are designed to work safely alongside humans and are ideal for tasks that require human-robot collaboration, such as assembly, packaging, and inspection. 

Advanced Sensor Technologies: Enhancing Precision and Safety in Industrial Robotics 

Advanced Sensor Technologies are revolutionizing the field of industrial robotics by enhancing precision and safety. These sensors are designed to capture data from the environment, robot, and/or user, and play a crucial role in increasing the safety, autonomy, and adaptability of robots.  

Magnetic sensors contribute to self-diagnostics and fault detection, improving system reliability. Vision sensors provide visual perception capabilities, enabling robots to analyze and interpret visual information for complex tasks.  

In addition, smart sensors are an integral part of the Fourth Industrial Revolution and are widely used to add safety measures to human-robot interaction applications. With the advancement of machine learning methods in resource-constrained environments, smart sensor systems have become increasingly powerful.  

The presence of robots in a variety of scenarios has increased substantially in recent years, as their ability to solve diverse tasks has improved. In all cases, sensing technologies play a crucial role in capturing the necessary information from the environment, robot, and/or user. To address any specific task, the robot has to be equipped with different kinds of sensors to perceive the surroundings, such as touch sensors, laser rangefinders, GPS, visual sensors or combined vision-depth platforms. In some applications, a combination of these is used, and data-fusion algorithms must be implemented. Currently, machine learning and deep learning approaches may play an important role in data analysis, interpretation, and fusion. Additionally, some specific tasks can be performed more efficiently if a team of robots is used, so an optimal combination of the information captured between the different sensors is crucial. In this sense, IoT (Internet of Things) approaches may ease this labour 

Programming Industrial Robots: Bridging the Gap Between Man and Machine 

Programming industrial robots is a complex task that requires a deep understanding of the underlying hardware and software. Industrial robots are designed to perform repetitive tasks with high precision and accuracy, and they are widely used in manufacturing, assembly, and other industries. In recent years, there has been a growing interest in bridging the gap between man and machine, and this has led to the development of new programming techniques and tools. 

it is essential to have a deep understanding of the underlying hardware and software of industrial robots. Robot programming languages are sometimes needed to implement robot-specific functionality, and a helpful tool for bridging the gap between high-level languages and robot controllers. It allows easily reading and writing a robot controller’s variables from a Java program. 

In addition, machine learning and deep learning approaches may play an important role in data analysis, interpretation, and fusion1. Currently, machine learning methods are being used to improve the performance of industrial robots, and this has led to the development of new programming techniques and tools. 

Industry 4.0 and the Rise of Smart Manufacturing: Integrating Robotics into the Digital Landscape 

The integration of robotics into the digital landscape is a key component of Industry 4.0. Robots are increasingly used in manufacturing for tasks ranging from repetitive assembly to complex quality control. The development of mobile robots capable of navigating complex environments and working in teams to complete tasks is a hallmark of Industry 4.0. The use of robots in manufacturing not only reduces labor costs but also enhances precision and consistency. The integration of robotics into the digital landscape has enabled manufacturers to optimize their operations, reduce costs, and improve product quality.  

Industrial robotics has been a rapidly growing field in recent years, with the potential to increase efficiency and productivity in industrial settings. However, the high implementation costs of robots mean that large organizations tend to invest more than SMEs in using and integrating robots into their operations. The report highlights the challenges faced by operators, such as interoperability and cybersecurity vulnerabilities, as they strive to incorporate evolving technologies. One trend that is likely to gain traction is the incorporation of AI and machine learning in robots to aid decision-making 1. The report also includes country-level data on new installations and growth and highlights how robots contribute to a reduced carbon footprint, making them an imperative tool for driving sustainability efforts. 

In terms of future trends, path smoothing techniques in robot navigation are an area of active research. The aim of this research is to improve the efficiency and safety of robot navigation in industrial settings. Both autonomous mobile robots and autonomous vehicles (outdoor robots or self-driving cars) are discussed.  

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[sudeepkedar]

Automotive Shock Absorber Market Share, Trend & Growth Forecast to 2032

Automotive Shock Absorber Market is projected to cross USD 22.5 Bn by 2032. A commendable rise in global vehicle production and sales contributes to the growing demand for shock absorbers as a critical component of the automotive suspension system. According to the International Organization of Motor Vehicle Manufacturers (OICA), the United States produced an estimated 14,801,664 vehicles, comprising 10,323,453 cars and 4,478,211 commercial vehicles between 2017 and 2022.

The rising emphasis on vehicle comfort and safety enhances the importance of high-performance shock absorbers that provide smooth rides and stability. Moreover, the growing preference for luxury and high-performance vehicles drives the demand for advanced shock absorber technologies. Furthermore, stringent regulations and standards related to vehicle safety and emissions encourage the adoption of innovative shock absorbers that improve fuel efficiency and reduce carbon emissions, which will drive industry growth.

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In terms of design, the market size from the mono-tube segment is anticipated to record a sizeable valuation by 2032. Mono-tube shock absorbers offer superior performance in terms of damping control, providing enhanced handling and stability. Their design allows for efficient heat dissipation, ensuring consistent performance under demanding conditions. Moreover, the increasing preference for sportier and performance-oriented vehicles drives the demand for mono-tube shock absorbers that can deliver improved responsiveness and ride quality.

Regarding the type, the automotive shock absorber market share from the hydraulic segment could witness commendable growth through 2032. Hydraulic shock absorbers provide effective damping control, offering a comfortable and smooth ride experience. Additionally, they are cost-effective compared to other advanced shock absorber technologies. Moreover, their robust design and durability make them suitable for a wide range of vehicles, contributing to their increasing demand in the automotive market.

With respect to vehicle, the industry value from the passenger vehicle segment will grow significantly over 2023-2032. Passenger vehicle owners prioritize comfort and safety, making high-quality shock absorbers essential for a smooth and stable ride. Additionally, the increasing production and sales of passenger vehicles worldwide contribute to the rising demand for shock absorbers. Moreover, advancements in shock absorber technology, such as improved damping control and adjustable features, further drive their popularity among car owners seeking enhanced driving experiences.

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Regionally, North America automotive shock absorber industry will capture a notable market share by 2032. The region has a large population of passenger vehicles, leading to a consistent demand for replacement parts, including shock absorbers. Additionally, the increasing preference for comfortable and smooth rides drives the demand for high-quality shock absorbers. Moreover, growing awareness about vehicle safety and the need for improved suspension systems contribute to the rising demand for automotive shock absorbers in North America.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Automotive Shock Absorber Market industry 3600 synopsis, 2018 – 2032

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Type trends

2.1.4    Design trends

2.1.5    Vehicle type trends

2.1.6    Sales channel trends

Chapter 3   Automotive Fabric Industry Insights

3.1    Industry segmentation

3.2    Industry size and forecast, 2018 – 2032

3.2.1    COVID-19 impact on industry landscape

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.3.2    Distribution channel analysis

3.3.2.1   Contract Manufacturing

3.3.2.2   Distributors

3.3.3    Profit margin analysis

3.4    Regulatory Landscape

3.5    Pricing analysis

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1   Growing adoption of electric vehicles in emerging countries led by government support Increasing demand for safety and comfort

3.6.1.2   Advancement in suspension technology for heavy-duty vehicles

3.6.1.3   Increase in demand for safety and comfort

3.6.2    Industry pitfalls & challenges

3.6.2.1   Fluctuation in raw material cost

3.7    Growth potential analysis, 2022

3.8    Porter’s analysis

3.9    PESTEL analysis

3.10    COVID-19 impact on Automotive Fabric demand by vehicle type

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[shriankenterprise]

Top Trends in the Hydraulic Pump Industry

The hydraulic pump is essential in the world of machinery and industrial equipment, acting as the heart of hydraulic systems in a variety of industries. The Hydraulic Pump industry is constantly innovating in order to meet ever-increasing demands for efficiency, dependability, and sustainability. In this blog, we’ll look at the biggest trends in the HP industry, and how innovation, technology, and market dynamics are defining the future of hydraulic systems. Explore Top Trends in the Hydraulic Pump Industry With Shriank

Advanced Technologies Driving Efficiency

This Industry is no stranger to embracing cutting-edge technologies to enhance performance and efficiency. With the advent of Industry 4.0 and the Internet of Things (IoT), smart Hydraulic pump systems have become a reality. These systems can monitor pressure, temperature, and fluid conditions in real time, enabling predictive maintenance and reducing downtime.

The Rise of Electric Hydraulic Pump Systems

As sustainability and energy efficiency take Centre stage, electric HP systems are gaining prominence. These systems leverage electric motors instead of traditional hydraulic power units, reducing energy consumption and contributing to a greener environment. The shift towards electric systems aligns with the growing emphasis on reducing the carbon footprint across industries.

Integration of Hydraulic Pump Types

The diversity of HP types continues to expand, allowing for customization and optimization across various applications. Axial piston pumps, gear pumps, vane pumps, and radial piston pumps are among the options that cater to specific requirements, whether it’s high pressure, high flow, or precise control.

Increased Demand in Construction and Mining

The construction and mining sectors remain pivotal consumers of hydraulic pump systems. The need for heavy machinery, such as excavators and loaders, has driven innovation in these pumps. These applications require pumps that can handle extreme conditions while providing efficiency and reliability. As these industries continue to grow, so does the demand for specialized hydraulic systems.

Sustainability and Environmentally Friendly Solutions

This Industry is at the forefront of sustainable solutions. Manufacturers focus on producing more energy-efficient pumps and embracing materials and technologies that reduce environmental impact. This not only satisfies regulatory requirements but also meets the expectations of environmentally conscious customers.

Miniaturization and Portability

In industries where space is at a premium, such as aerospace and automotive, miniaturized hydraulic pump systems are in demand. These systems offer high performance in a compact form, making them suitable for a wide range of applications. The portability of these systems also extends their utility in fields like rescue operations and mobile hydraulic equipment.

Customization and Adaptability

Customers increasingly seek HP systems that can be easily customized to their needs. Manufacturers are responding by designing modular components and systems that can be adapted to varying applications. This trend allows for improved efficiency and cost-effectiveness, especially in industries with unique demands.

Intelligent Control Systems

The integration of advanced control systems is a trend that continues to evolve. These intelligent control systems optimize the performance of hydraulic pumps by adjusting parameters in real time. This results in more efficient energy consumption, better load management, and overall improved system reliability.

Market Expansion

The global reach of this Industry is expanding as emerging markets and developing nations invest in infrastructure development. This increased demand is propelling the industry to innovate and expand production capacities.

Investment in R&D

Research and Development (R&D) activities in this Industry are growing, with companies dedicating significant resources to creating cutting-edge products. R&D investments contribute to product innovation, improved durability, and reduced maintenance requirements.

Conclusion

The Hydraulic Pump Industry is undergoing a transformative phase, driven by a combination of technological advancements, environmental considerations, and the ever-evolving demands of various sectors. As we embrace smart, sustainable, and adaptable HP systems, the industry is poised to revolutionize hydraulic applications across the board. This journey is underpinned by the seamless integration of HP, their types, and the proactive approach toward customization and efficiency.

In a world where progress is inexorably linked to energy efficiency and environmental sustainability, the HP Industry stands as a beacon of hope and innovation. By keeping a close eye on these top trends, both manufacturers and users of hydraulic systems can look forward to a future of enhanced performance, reduced carbon footprints, and limitless possibilities. The Hydraulic Pump Industry, with its technical jargon and ever-evolving landscape, continues to be a driving force in shaping the machinery and industrial equipment of tomorrow.

[david843346]

Industrial Air Compressor Market Global Demand Analysis & Opportunity Outlook 2035

Research Nester’s recent market research analysis on “Industrial Air Compressor Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global industrial air compressor market in terms of market segmentation by product type, lubrication, technology, power, application, and by region.

Growing Setup of Power Generation Facility to Promote Global Market Share of Industrial Air Compressor

The global industrial air compressor market is expected to rise significantly due to increased electricity output. In power plants, air compressors are used for cleaning and cooling. They are employed in the cleaning and removal of garbage from equipment, as well as the cooling of circuits and equipment. At the end of 2023, the global capacity of electricity produced from renewable sources is expected to rise by 4500 gigatonnes, this will be equal to the combined power output capacity of the United States and China. Additionally, across the globe renewable capacity projects are expected to increase by 107 gigatonnes (GW), the largest cumulative increase in history, reaching more than 440 GW by 2023.

On the other hand, growing urbanization and people moving to cities are also predicted to fuel market expansion. With the expansion of metropolitan regions, infrastructural development is rapidly increasing, followed by a surge in commercial institutions such as malls, hospitals, and offices. Urbanization causes an increase in transportation and logistical activities, as well as an increase in industry automation. Cities presently host 56% of the world's population or 4.4 billion people. This growing trend is likely to continue, with the number of urban dwellers more than triple by 2050 when cities are estimated to house about seven out of ten people.

Some of the major growth factors and challenges that are associated with the growth of the global industrial air compressor market are:

Growth Drivers:

Surging Adoption of Automation in the Manufacturing Sector

Rising Industrialization and Urbanization

Challenges:

There are numerous alternatives to industrial air compressor present in the market and it is one of the major factors anticipated to hamper the global market size of industrial air compressors. A few examples of air compressor alternatives are hydraulic systems, electric motors, nitrogen generators, battery-powered tools, vacuum pumps, and gas boosters. They all are used as per the specific need of the industry. Besides this, there are strict standards for emissions from industrial air compressors, and the competition among the manufacturers have dramatically increased. These factors are also expected to impede the market growth.

Based on product type, the global industrial air compressor market is segmented into dynamic and positive displacement. The positive displacement segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The growth of the segment is attributed to the flexibility of positive displacement and high investment influx in the segment. Furthermore, the positive displacement air compressor is used in the construction sector, therefore growing development of infrastructure is also expected to drive the segment’s growth. On the other hand, by application, the market is further fragmented into food & beverage, construction, mining, oil & gas, pharmaceutical, semiconductor & electronics, agriculture, and manufacturing. Out of all, the oil and gas segment is to dominate the market growth. Moreover, semiconductors and electronics will garner the second-largest market share over the forecast period.

By region, the Europe industrial air compressor market is to generate the highest revenue by the end of 2035. This growth is anticipated by the rising focus of the region on automation. European industries are rapidly owning automation and industry 4.0 technologies, which are frequently dependent on industrial air compressors. Germany is Europe's most automated country, standing fourth in the world with 371 units. In Europe in 2020, annual supply accounted for 33% of total robot sales, with Germany accounting for 38% of operational stock. Furthermore, the growing capacity of renewable and clean energy and rising emphasis on reducing carbon emissions has led to an increase in the industrial air compressors market growth in the region.

This report also provides the existing competitive scenario of some of the key players of the global industrial air compressor market which includes company profiling of AireTex Compressor, Atlas Copco, Bauer Comp Holding GmbH, BelAire Compressors, Cook Compression, Frank Compressors, Galaxy Auto Service Equipment Co. Ltd., GENERAL ELECTRIC, Ingersoll Rand Inc., and MAT Holdings Inc.

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Pumping Up the Skies: Aircraft Pumps Market Trends

Aircraft pumps market are a prominent part of the hydraulic system in aircrafts. These pumps are known for controlling operations of flaps, flight control surface, landing gear, and brakes. They also provide an operational capability to other aircraft components. A wide variety of lightweight pumps such as air-conditioning pumps, lubrication, fuel, and hydraulics, are used on the aircraft to reduce its overall weight. Thus, the utilization of these aircraft pumps depends on the type and complexities of the aircraft. They have numerous advantages such as low maintenance requirements, ease of installation, simplification of inspection, light weight, and power sources for the operation. They are very effective as their use brings about negligible loss owing to the low fluid friction of hydraulic operations.

Factors such as rise in air passenger traffic, short replacement cycle of aircraft pumps, increase in number of aircraft fleet, and surge in aircraft orders are driving the growth of the global aircraft market. However, increase in trend for electrification in all non-propulsive systems, contamination of system & oil leakages, and high weight of the aircraft pumps hamper the global market growth. . Nevertheless, increase in adoption of UAVS in military applications are anticipated to provide numerous growth opportunities during the forecast period.

The global aircraft pumps market is segmented into type, technology, pressure, application, end-user, and region. Based on type, the market is classified into fuel pumps, water & waste system pumps, lubrication pumps, air conditioning & cooling pumps, and hydraulic pumps. On the basis of technology, the market is categorized into air driven, engine driven, ram air turbine driven, and electric motor driven. According to pressure, it is classified into 10 psi to 500 psi, 500 psi to 3000 psi, 3000 psi to 5000 psi, and 5000 psi to 6500 psi. Based on application, it is segmented into commercial aviation, military aviation, and business & general aviation. On the basis of end-user, the market is bifurcated into OEM and aftermarket.

Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among these regions, Asia Pacific accounts for a major market share owing to increase in air passenger traffic and military aircraft in countries, such as China and India.

Major players have acquired various strategies such as acquisitions, partnerships, collaboration, joint ventures, agreements, expansions, and new product launches, to create a strong consumer base in the market.

KEY BENEFITS FOR STAKEHOLDERS:

The aircraft pumps market size has been analyzed across all regions.

Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.

The report outlines the current market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets. The market is forecasted.

Major countries in the region have been mapped according to their individual revenue contribution to the regional market.

The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.

The aircraft pumps market analysis covers in-depth information of major industry participants.

Key Market players : Eaton, Honeywell International Inc., Zodiac Aerospace, Woodward, AeroControlex, Pall Corporation, Parker Hannifin Corporation, Donaldson Inc., CLARCOR Inc., and Freudenberg & Co. KG.

[prajwalseo]

Electric Vehicle Regenerative Braking System Market Research Reports 2023-2030

United States - The market research carried out in this large scale Electric Vehicle Regenerative Braking System market report succors clients to forecast investment in an emerging market, expansion of market share or success of a new product. Multifarious Electric Vehicle Regenerative Braking System market insights are turned into simpler version with the well-established tools & techniques in this credible marketing report. For a clear & better understanding of facts & figures, the data is characterized using graphs & charts. Integrated approaches & latest technology have been employed for the best results while generating such Electric Vehicle Regenerative Braking System market report. Electric Vehicle Regenerative Braking System market research report identifies & analyses the up-and-coming trends along with major drivers, restraints, challenges & opportunities in the market for this industry.

The worldwide Electric Vehicle Regenerative Braking System market is expected to grow at a booming CAGR of 2023-2030, rising from USD billion in 2023 to USD billion in 2030. It also shows the importance of the Electric Vehicle Regenerative Braking System market main players in the sector, including their business overviews, financial summaries, and SWOT assessments.

Get Free Sample PDF Copy of Latest Research on Electric Vehicle Regenerative Braking System Market 2030 Before the Purchase: https://www.infinitybusinessinsights.com/request_sample.php?id=1208231&PJ08

This winning Electric Vehicle Regenerative Braking System market report deals with plentiful important market related aspects which can be listed as follows; market size estimations, company & market best practices, entry level strategies, market dynamics, positioning, segmentations, competitive landscaping & benchmarking, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, & in-depth benchmarking of vendor offerings. Excellent practice models & method of research applied for this business report unearths the best opportunities to succeed in the market. Electric Vehicle Regenerative Braking System market research report not only saves valuable time but also add credibility to the work.

Some of the key players involved in the Market are: Continental, Bosch, Hyundai Mobis, ZF, DENSO, Advics North Americ, Autoliv-Nissin Brake System, Mazda Motor

The segments and sub-section of Electric Vehicle Regenerative Braking System market is shown below:

The Study is segmented by the following Product/Service Type:

Electric

Hydraulic

Othe

Major applications/end-users industry are as follows:

Hybrid Vehicle

Pure Electric Vehicle

Plug-in Hybrid Vehicl

Historical year – 2018-2022;

Base year – 2022;

Forecast period – 2023 to 2030

Get This Report (Flat 20% DISCOUNT): https://www.infinitybusinessinsights.com/checkout?id=1208231&price=&discount=20&PJ08

Important years considered in the Electric Vehicle Regenerative Braking System study:

If opting for the Global version of Electric Vehicle Regenerative Braking System Market; then the below country analysis would be included:

North America (the USA, Canada, and Mexico)

Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)

Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)

South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)

the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

[versatile-blogger-1]

Automotive Transmission Pump Market Is Estimated To Witness High Growth Owing To Increasing Demand for Automatic Transmission Vehicles

Market Overview:

Automotive transmission pumps are a vital component of an automatic transmission system. They are responsible for maintaining the hydraulic pressure necessary for the smooth operation of the transmission system. These pumps ensure the proper flow of transmission fluid to the different components of the system, such as the torque converter, clutch packs, and valve body. The advantages of automatic transmission systems include an easy driving experience, better fuel efficiency, and improved vehicle performance. With increasing traffic congestion and a rise in the number of vehicles on the road, demand for automatic transmission vehicles is growing. This, in turn, is fueling the demand for automotive transmission pumps, as they play a crucial role in ensuring the optimal performance of automatic transmission systems.

The global Automotive Transmission Pump Market Size is estimated to be valued at US$ 35.08 billion in 2023 and is expected to grow at a CAGR of 5.5% during the forecast period 2023-2030, as per the latest report by Coherent Market Insights.

Market Key Trends:

One key trend in the automotive transmission pump market is the increasing adoption of electric transmission pumps. Electric transmission pumps offer several advantages over traditional mechanical pumps, such as improved fuel efficiency, reduced emissions, and increased reliability. These pumps can be controlled electronically, allowing for precise control over the flow and pressure of the transmission fluid. Additionally, electric pumps eliminate the need for engine power to operate, resulting in reduced power loss and improved overall vehicle efficiency. For instance, Magna International Inc., one of the key players in the market, offers an electric transmission pump called "eDrive" that integrates an electric motor with the pump. This innovative solution improves fuel efficiency and reduces CO2 emissions, making it suitable for electric and hybrid vehicles. PEST Analysis:

Political: The automotive industry is subject to various political factors, such as government regulations, trade policies, and safety standards. Governments worldwide are adopting stricter emission regulations to reduce carbon emissions from vehicles. These regulations are encouraging the adoption of advanced transmission systems, including those equipped with transmission pumps. Economic: Economic factors, such as GDP growth, disposable income levels, and consumer purchasing power, influence the demand for automotive transmission pumps. Growing economies and increasing disposable incomes lead to higher vehicle sales, thereby driving the demand for transmission pumps. Social: The changing consumer preferences towards automatic transmission vehicles and the increasing awareness about the benefits of automatic transmissions are significant social factors that contribute to the growth of the automotive transmission pump market. Technological: Technological advancements in transmission systems, such as the development of electric pumps and intelligent transmission controls, are driving market growth. These advancements improve fuel efficiency, reduce emissions, and provide enhanced vehicle performance.

[sueheaven]

Elevator & Escalator market Will Hit Big Revenues In Future | Biggest Opportunity Of 2023

The Latest Released market study on Global Elevator & Escalator market provides information and useful stats on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Besides, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Elevator & Escalator market. What’s keeping KONE Corporation (Finland)

United Technologies (United States)

Schindler (Switzerland)

Mitsubishi Electric Corporation (Japan)

ThyssenKrupp AG (Germany)

FUJITEC (Japan)

Hitachi Ltd. (Japan)

Hyundai Elevator Co., Ltd. (South Korea)

Toshiba Corporation (Japan)

Electra Ltd. (Israel)

 Keep Growing in the Market? Benchmark yourself with the strategic moves and latest Market Share and Sizing of Global Elevator & Escalator market recently published by AMA An elevator is a type of vertical transport equipment which is powered by an electric motor. Escalator is basically a moving staircase which carries people between floors of a building. Old age people mostly preferred elevator and escalator. Demand for elevators and escalators has increased due to an increase in old population. For instance, According to an article published by the U.S. Census Bureau, the aging population held more than 8.5% share of the total population worldwide during the year 2015. In addition, it is anticipated to increase its share to 12.0% by 2030. Therefore, the rising number of aging population across the world and rapid urbanization are likely to be a major driver for the global elevators and escalators market over the forecast period.

The Elevator & Escalator Market segments and Market Data Break Down by Type (Elevators (Passenger, Freight, Single, and Double Deck Elevators), Escalator, Moving walkways), Technology (Elevator technology (Traction with a Room, Machine Room-Less Traction, Hydraulic)), Service (New installation, Maintenance & repair, Modernization), End-use Industry (Residential, Commercial, Institutional, Infrastructure, Others (Industrial and Marine Industry))

On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa. What’s Trending in Market : Technology Advancement in Elevators and Escalators

Market Challenges: Issue related to Compliance with Standards and Regulations

Market Opportunities: Development of Innovative Technologies as well as Rising Demand for Smart Elevators

Growing Demand from Emerging Market such as China, India, Brazil, among others

Highlights of Influencing Drivers: Growth in the Construction and Infra Sectors and Changing Demographic Trends

Increase Building Along With Upcoming New Hotels & Shopping Malls

Presented By

AMA Research & Media LLP

[desaletushki]

Dental Equipment Market Size, Share & Revenue Forecast 2030

Dental Equipment Market Growth & Trends

The global dental equipment market size is expected to reach USD 17.06 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 6.2% over the forecast period. These tools help with an oral health diagnosis, care, and maintenance and allow practitioners to plan a precise course of action. The introduction of supportive government efforts for oral health, an increase in medical tourism for dental operations, and the incidence of dental problems all contribute to the industry's growth. In addition, manufacturers like Planmeca are always introducing fresh computer-aided technology to the market.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/dental-equipment-market

For instance, the industry demand is being driven by the company's March 2019 launch of the Planmeca Creo C5, an innovative 3D printer created to deliver chairside CAD/CAM dentistry and restorative dental treatments in a single visit.According to the estimates published by the United Nations in 2019, there were 703 million people aged over 65 years globally, and the number of older individuals is projected to double to 1.5 billion by 2050. The rising prevalence of various oral conditions in the geriatric population is likely to increase the demand for preventive, restorative, and surgical services in the future. According to the American Dental Association, 85% of individuals in the United States, value dental health and consider it an essential aspect of overall care.

The realization of the importance and maintenance of oral health combined with better access to advanced dental services will help in the growth of the industry. However, the “emergency-only” mode of dental care delivery due to the COVID-19 pandemic had a rippling effect and the industry witnessed an imminent increase in availing cost of dental care. According to the Journal of Contemporary Dental Practice, dental services were among the last to relaunch in post-pandemic relaxations since dental procedures are at high risk of transmission. This resulted in serious financial problems and revenue loss for the overall dental market.

Dental Equipment Market Report Highlights

Dental systems and parts emerged as the largest product segment in 2022 as these equipment are used for digital imaging and diagnosis of dental ailments

The dental lasers segment is expected to witness the highest CAGR during the forecast period. This is owing to its increasing application in surgical and teeth-whitening procedures.

North America dominated the global industry in 2022 owing to the high demand for new technologies & the prevalence of dental disorders and the presence of a large pool of key players & advanced healthcare infrastructure

Asia Pacific, on the other hand, is expected to register the highest CAGR over the forecast period

Dental Equipment Market Segmentation

Grand View Research has segmented the global dental equipment market on the basis of product type and region:

Dental Equipment Product Type (Revenue, USD Million, 2018 - 2030)

Dental Radiology Equipment 

Intra-Oral

Digital X-ray Units

Digital Sensors

Extra-Oral

Digital Units

Analog Units

Dental Lasers

Diode Lasers

Quantum well lasers

Distributed feedback lasers

Vertical cavity surface emitting lasers

Heterostructure lasers

Quantum cascade lasers

Separate confinement heterostructure lasers

Vertical external cavity surface emitting lasers

Carbon Dioxide Lasers

Yttrium Aluminium Garnet Lasers

Systems & Parts

Instrument Delivery systems

Vacuums & Compressors

Cone Beam CT Systems

Cast Machine

Furnace and Ovens

Electrosurgical Equipment

Other System and Parts

CAD/CAM

Laboratory Machines

Ceramic Furnaces

Hydraulic Press

Electronic Waxer

Suction Unit

Micro Motor

Hygiene Maintenance Devices

Sterilizers

Air Purification & Filters

Hypodermic Needle Incinerator

Other Equipment

Chairs

Hand Piece

Light Cure

Scaling Unit

Regional Insights

North America dominated the global industry in 2022 with a market share of more than 38.35% and is expected to showcase a significant CAGR over the forecast period. This is attributed to the rising geriatric population, strong medical infrastructure, well-established reimbursement policies, the existence of key players, and advancement in preventive and restorative dental treatments. Moreover, according to the American Dental Association, 85% of individuals in the United States truly value dental health and consider oral health an essential aspect of overall care. The combination of all these factors will make North America the most promising regional market over the forecast period.

The APAC region is expected to witness the highest CAGR over the forecast period. China, Japan, and India are emerging economies with well-developed healthcare infrastructure & facilities and are now more focused on leading on the basis of R&D activities. They have suitable infrastructure and fundings for the same. A total of 43.6% of the spending is expected to emanate from Asia with countries like China, Japan, and India being the topmost to spend on R&D activities.

Attributes like favorable government policies, the rising geriatric population, the presence of key players, and the rise in the demand for dental procedures are paving way for the market in the Asia Pacific region. Moreover, medical tourism in the region is rapidly increasing due to shorter patient waiting times, low-cost treatment, availability of a large pool of skilled dental practitioners & high-end technology, and the presence of tourist destinations & quality accommodations. These aforementioned factors will assist in the market growth in the region.

List of Key Players of Dental Equipment Market

A-Dec Inc.

Planmeca Oy

Dentsply Sirona

Patterson Companies Inc.

Straumann

GC Corp.

Carestream Health Inc.

Biolase Inc.

Danaher Corp.

3M EPSE

Authoritative Research: https://www.grandviewresearch.com/industry-analysis/dental-equipment-market

[coltermartinez]

Research Nester assesses the growth and market size of the global electric power steering market which is anticipated to be on account of the increasing emphasis on fuel efficiency and emission reduction, stringent regulations being imposed on automakers

New York – May 12, 2023 - Research Nester’s recent market research analysis on “Electric Power Steering Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global electric power steering market in terms of market segmentation by component, mechanism, type, vehicle type and by region.

Trends in Electrification and Popularity of Electric Vehicles to Promote Global Market Share of Electric Power Steering

The growing popularity of electric vehicles and the trend towards electrifying vehicles are expected to contribute significantly to the growth of the global electric power steering market. From 2019 to 2022, India's EV sales grew by over 2000%. More than 4,42,901 electric vehicles were sold in December 2022, over 2,220% more than the 19,100 sold in FY 2020. Electric power steering has better performance, greater fuel efficiency, and lower emissions when compared to hydraulic power steering. Additionally, EPS can provide improved handling and control in electric vehicles due to its precise control of the vehicle's steering system.

Some of the major growth factors and challenges that are associated with the growth of the global electric power steering market are:

Growth Drivers:

Technological advancements in electric power steering such as sensors, bidirectional brushless motors, and electronic controller

The increasing production of vehicles

Challenges:

A high degree of complexity of electric power steering assist systems is one of the major factors influencing the size of the market. As modern cars come with more features and components, the complexity of the power steering system increases, leading to higher costs for manufacturers. This in turn increases the price of vehicles and makes them less accessible to consumers, reducing the size of the market.

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In terms of components, the global electric power steering market consists of steering columns, sensors, steering gear, mechanical racks & pinions, electronic control units, electric motors, and others. A significant CAGR will be achieved by the sensors segment by the end of 2035 on account of the increasing demand for advanced driver assistance systems such as lane departure warning, lane keep assist, and auto-braking. Power steering systems are responsive and accurate as they use sensors to detect the vehicle's position and speed. Additionally, the growing demand for high-end vehicles in the market as well as the increasing focus on safety are projected to contribute to the segment's growth in the future.

Asia Pacific is expected to generate the highest revenue by the end of 2035 in the electric power steering market. Growth in this area is predicted by the rising demand for electric power steering in the automotive industry, as well as the increasing number of vehicles equipped with electric power steering in the Asia Pacific region. Furthermore, China, India, Japan, and South Korea are estimated to drive growth in the regional market due to their increased production of vehicles. In January 2023, there were 1,593,000 vehicles produced and 1,648,000 vehicles sold in India. A total of 20 million passenger cars and 5 million commercial vehicles were produced in China by 2021.

This report also provides the existing competitive scenario of some of the key players of the Robert Bosch Automotive Steering GmbH, Mitsubishi Electric Corporation, ZF Friedrichshafen Group, Nexteer Automotive, NSK Ltd., JTEKT Corporation, Toyota Motor Corporation (Toyota), Volkswagen AG, SHOWA Corporation, Thyssenkrupp Presta AG.

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to take wise decisions for their future marketing strategy, expansion, investment, etc. We believe every business can expand to its new horizon, provided the right guidance at the right time is available through strategic minds. Our out of box thinking helps our clients to take wise decisions to avoid future uncertainties.

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AJ Daniel

Email: info@researchnester.com

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[aeroautomotive]

Electro-Mobility: Unleashing the Potential of Vehicle Electrification

Vehicle electrification is associated with the range of electric-powered technologies used to drive the vehicle. The major source of power in vehicle electrification is the batteries, which propel the vehicle. The vehicle electrification market has witnessed significant growth over the years, owing to increase in inclination toward electrically driven technology in the automotive sector to reduce the weight, enhance fuel efficiency, and optimize output requirements. 

Get Details at: https://www.prnewswire.com/news-releases/vehicle-electrification-market-to-reach-140-29-bn-globally-by-2027-at-11-3-cagr-says-allied-market-research-301180344.html

The growth of the global vehicle electrification market is majorly driven by surge in adoption of fuel-efficient mobility solution along with effective performance requirements and fall in price of batteries per Kwh. However, decline in production and sales of automotive from last two year and high dependence on mechanical & hydraulic systems in existing vehicles are expected to restrain the growth of the global market during the forecast period. On the contrary, increase inneed for cost-effective solutions and rise in trend of electrification of commercial vehicles and fleet are expected to provide lucrative opportunities for the expansion of the global vehicle electrification market in the near future.

By product type, the electric power steering segment is expected to dominate the global market, owing to its cost-effective operation and its high compatibility with IC engine, hybrid, and electric vehicles in the range of vehicles. However, the electric car motors segment is anticipated to witness lucrative growth, owing to increase in sales of electric vehicles across the globe.

The key players profiled in the report include AISIN SEIKI Co., Ltd., CONTINENTAL AG, Delphi Technologies, Hitachi Automotive Systems, Ltd., Robert Bosch GmbH, ZF FRIEDRICHSHAFEN AG, Denso Corporation, BorgWarner Inc, Magna International Inc, and Johnson Electric Holdings Limited.