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Increasing Industrial Applications to Expand Overhead Cranes Market

2020-10-13T13:50:24.855Z

Market Synopsis:

The overhead cranes market 2020 is supposed to scale a decent valuation. Overhead cranes are used in construction and industrial applications mostly for the loading and unloading processes. The efficiency of the product highly depends on its speed and its ability to move in all directions. Report offered by Market Research Future (MRFR) has asserted that the global overhead cranes market is supposed to mark a 5% CAGR over the review period 2019 to 2025. The overhead cranes market size, in terms of revenue, is estimated to touch USD 3,957 Mn by the close of the forecast period.

Overhead cranes are used extensively in the manufacturing industries. Governments are focusing on the development of the industry for the economy to thrive. Also, the investments in the technological innovations of the industry are supposed to generate revenues in the overhead cranes market in the coming years. Industrial automation adoption in the manufacturing sector is supposed to impact the overhead cranes market positively.

The product lines by key manufacturers are being innovated with the integration of Internet of Things (IoT), Artificial Intelligence (AI), etc. These factors are further set to boost the growth of the overhead cranes market in the years to come. Increasing use in the automotive industry is likely to accelerate revenue creation for the overhead cranes market growth. Key players are investing in technologies to ensure overhead crane safety. It is supposed to open new growth avenues over the next couple of years. The product is likely to witness demand rise from industry domains owing to its productivity. It is presumed to increase the growth rate of the market.

Market Segmentation:

On the basis of end-user, the segmentation of the overhead cranes market covers paper, automotive, aerospace, utility, metal & mining, and others.

The product-based segments of the overhead cranes market assessed in this MRFR study are double girder overhead cranes and single girder overhead cranes.

Regional Analysis:

The geographical assessment of the global overhead cranes market is added in this MRFR report, which presents the evaluation of four regional segments. These segments profiled are – North America, Europe, Asia-Pacific, and the Rest of the World (RoW). These regions are then further assessed on the basis of countries to provide an in-depth analysis. North America poses a key position in the market place on the global front. The region houses the largest aviation industry in the world. It is set to support the growth of the overhead cranes market in the foreseeable future. Also, more than 20% of the economy of the region is dependent on the manufacturing sector. It is expected to drive the growth of the overhead cranes market in the foreseeable future. Europe is also supposed to play a remarkable role in market development. European Union accounts for a major industrial output. The expansion of the industrial sector of the region can be attributed the growth of the overhead cranes market.

Competitive Dashboard:

Konecranes Plc (Finland), Terex Cranes (US), Cargotec (Finland), Eilbeck Cranes (Australia), Columbus McKinnon Corporation (US), Ergonomic Partners (US), EMH, Inc (US), ABUS Kransysteme GmbH (Germany), Weihua Group (China), ABUS Kransysteme GmbH, and Sumitomo Heavy Industries Material Handling Systems Co., Ltd (Japan) are few of the key players of the global overhead cranes market. These players are supposed to invest in the sophistication of technologies to boost competition in the market place. Regional expansion of the companies is also presumed to intensify the competitive in the upcoming years.

Industry News:

In November 2019, Anand Systems Engineering, based out of Mumbai, India, has announced the announced the launch of Industrial Internet of Things (IIoT) platform for overhead cranes.

Rising Prominence of Offsite Construction to Fortify Growth of Precast Construction Market

2020-10-13T13:32:55.103Z

Market Highlights

The precast construction market 2020 can reach a valuation of USD 185.45 billion by 2025, confirms the new report by Market Research Future (MRFR). The extensive study also reveals that the market can progress at a decent rate of 6.23% during the review period (2019 to 2025).

Primary Boosters and Key Challenges

With the rising prominence of offsite construction for lesser material wastage and higher efficiency, the precast construction market receives a substantial boost, in terms of growth. Rapid urbanization as well as industrialization in developing countries, rising emphasis on the improvement of infrastructure and the high focus on green building projects can also induce tremendous market growth in the following years. The market growth can also be the result of the increasing availability of cheap raw materials paired with the rampant demand from domestic and consumer industries.

It is projected that the growing prevalence of precast construction can boost the demand for cement, leading to widespread mining activities that harm the environmental health. Furthermore, the recent outbreak of COVID-19 and its debilitating effect on the global construction sector can also slow down the market growth rate to a great extent.

On a brighter note, the market is brimming with a huge number of renowned suppliers and well-known, which means reduced switching cost. Technological innovation and product differentiation are some of the top marketing hacks that can help suppliers solidify their presence in the intensely competitive industry. The market growth is also warranted by the rising deployment of concrete additives that bolsters the durability and quality of the structure, resulting in stronger demand for precast construction components.

Market Segmentation

The top segments based on which the research on the precast construction industry has been performed by analysts include product, construction type, and application.

The product types considered in the report are paving slabs, floors & roofs, columns & beams, staircase, walls, lintels, girders, and others. In the year 2018, the columns & beams segment seized the biggest portion of the global market. To cater to the architectural demands, the precast columns and beams come in different sizes and shapes. Also, precast concrete is used in column and beams to bring down the column count and offer more open space. Owing to this, the columns & beams segment is also anticipated to attain the highest growth rate in the forthcoming period.

The various construction types covered in the market study are modular construction as well as manufactured homes. The modular type of construction has gained the upper hand in the global market, on account of the soaring demand for shorter construction time, enhanced quality, as well as fast return on investment.

Residential, industrial, infrastructure and commercial are the primary applications of precast construction listed in the report. The largest share in the global market belongs to the infrastructure segment, mostly owing to the rapid advancement of the construction sector in developing countries.

Regional Study

The expansion graph of the precast construction market between 2019 and 2025 has been covered in the regions of North America, Asia Pacific or APAC, Europe, and the rest of the world or RoW. In 2018, the study confirmed APAC as the principal market for precast construction and North America as the second best region.

In APAC, India and China observe high investment inflow, backed by the government initiatives that help boost the infrastructure such as road, rail, irrigation canals and dams. Therefore, the swift development of the construction sector, the burgeoning population and its increasing per capita disposal income can produce great results for the precast construction market in the region. Additionally, the rising need for hotels, hospitals, corporate spaces, schools, shopping malls, and more, significantly fuels the market growth within the region.

The North American market can note sustainable growth in the coming years, since precast construction materials more in demand compared to other building components owing to the former’s superior quality, high durability, as well as longer lifespans. The mounting popularity of prefabricated components can also stimulate market growth in the years ahead. Sizeable investments in the development of real estate and infrastructure also offer attractive opportunities to the precast concrete market.

Notable Competitors

Notable competitors profiled in the report include Red Sea Housing Services (Saudi Arabia), Bouygues Construction (France), Taisei Corporation (Japan), Kiewit Corporation (US), LAING O'ROURKE (UK), Julius Berger Nigeria Plc. (Nigeria), Balfour Beatty (UK), Komatsu Ltd (Japan), Larsen & Toubro Limited (India), and others.

Forterra Building Products Limited (UK), Coltman Precast Concrete Limited (UK), Cemex S.A.B. de C.V. (Mexico), Elematic (India), CRH plc (Ireland) are some of the other companies that are also competing in the precast construction industry.

Construction Industry Growth to Underpin Ready-mix Concrete Market Growth

2020-10-13T13:14:55.178Z

Ready-mix concrete finds ubiquitous application as a building material and its market is growing pervasively. Market Research Future (MRFR) has published an exhaustive report on the global ready-mix concrete market, covering the essential accruals of the market based on the pertinent trends and factors that can impact the market in the coming years. As per the analysis of MRFR, teh ready-mix concrete market is likely to capture a CAGR of 8.02% over the forecast period of 2017-2023.

Ready-mix concrete (RMC) is being increasingly preferred over traditional concrete due to various advantages aligned with it such as ease of use, convenience, cost advantage, and better quality. RMC also provides reduced shrinkage, cracking tendencies which has led to its adoption in constructional activities. Rising constructional activities across the globe along with large-scale infrastructure development. The governments in multiple countries, teh developing countries in particular, are investing heavily on the development of industrial areas to attract foreign investment, which subsequently induces demand within the ready-mix concrete market.

However, the growth of the market has been sluggish in certain regions where traditional labor-intensive construction practices are followed still now. In such regions, where concrete is volumetrically-batched and site-mixed, there is little scope for teh growth of the ready-mix concrete market.

Segmentation

The global ready-mix concrete market has been segmented based on production and application.

By production, the ready-mix concrete market has been segmented into off-site and on-site.

By application, the ready-mix concrete market has been segmented into commercial, residential, industrial utilities, and infrastructure.

Regional Analysis

Region-wise, the ready-mix concrete market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

The APAC ready-mix concrete market captured the largest share of the global market in 2016 and is likely to retain its dominance throughout the forecast period. Ongoing infrastructure development in the emerging economies of teh region along with accelerated constructional projects, both residential, industrial, and commercial has bolstered the growth of the ready-mix concrete market. Favorable environment purveyed by supportive government policies and teh availability of relatively cheap labor as well as resources has favored urbanization in the region which consequently boosts teh market growth of ready-mix concrete. China is the most prominent country specific market in the APAC. Rise in disposable income in China has been key to the growth of the market.

The MEA ready mix concrete market is anticipated to showcase substantial growth over the forecast period. Burgeoning population growth and infrastructural development activities present growth opportunities to the MEA market. Saudi Arabia, in particular, is a key contributor to the MEA market.

Competitive Landscape

HeidelbergCement (Germany), Holcim Ltd.( Switzerland), R.W. Sidley, Inc. (U.S.), Vicat SA (France), Barney & Dickenson, Inc.(U.S.), Lafarge (France), ACC Limited (India), Buzzi Unicem S.p.A. (Italy), UltraTech Cement Limited ( India), CEMEX S.A.B. de C.V.( Mexico), and Italcementi Group (Italy) are the key players in the ready-mix concrete market.

Industry Updates

July 2019 - Ambuja Cement, India's top cement manufacturing and supplier company, controlled by LafargeHolcim announced plans to acquire capacities in ready-mix concrete (RMC) in an attempt to establish itself as a building materials company. The company is eyeing to capitalize on the opportunities offered by other building materials segment.

July 2019 - CEMEX USA announced that it was a sole supplier for west of Houston, Texas, one of the biggest cities in the biggest state in the US. Some of teh projects include the building of an eight storey, luxury mid-rise apartment complex located near the heart of Memorial City where the company supplied nearly 25 000 yd3 of ready-mixed concrete The company is involved in various other projects where the company has provided more than 200 000 yd3 of ready-mixed concrete for MetroNational projects within the last five years.

Rising Emission Control Laws to Augment Ride Sharing Market

2020-10-13T12:57:27.786Z

Market Synopsis

The ride sharing market 2020 is likely to gain much more popularity than past few years. It is expected to continue augmenting in the coming years. An analysis offered by Market Research Future (MRFR), based on ongoing trends and historic data, the global ride sharing market is supposed to mark 10% CAGR across the review period. The valuation of the market is anticipated to touch a considerable mark by the close of the forecast period. It is mainly because of the rising awareness about the benefits of carpooling on the environment.

Ride sharing market is capitalizing on the rising problems of traffic congestions being faced all over the world. It is poised to motivate investments in the market in the foreseeable future. In addition, rising concerns regarding air pollution are also turning heads. Implementation of stricter emission laws is expected to boost the growth rate of the ride sharing market. The governments are supposed to promote ride sharing to curb traffic and pollution. These measures are prognosticated to prompt the growth of the ride sharing market across the prognosis period. It is also anticipated to raise awareness among the users, thus, augmenting the ride sharing industry.

New players are entering the market to offer convenient ride sharing experiences. The availability of a wide range of services as per convenience is poised to have a positive impact on the ride sharing market. Moreover, ride sharing services are way cheaper than driving own vehicles. Cost-benefit of the service is projected to motivate the growth trajectory of the ride sharing market. In addition, rising fuel prices is another major factor anticipated to have a favorable impact on the growth of the ride sharing market. Moreover, the depleting sources of fuel is likely to motivate more inclination towards the adoption of ride sharing services.

Market Segmentation

On the basis of type, the ride sharing market has been segmented into car sharing, car rental, e-hailing, and station-based mobility.

On the basis of vehicle type, the ride sharing market has been segmented into CNG/LPG vehicle, ICE vehicle, and electric vehicle.

On the basis of business model, the ride sharing market has been segmented into B2B, P2P, and B2C.

Regional Analysis

The geographical evaluation of the ride sharing market has been included in the report that covers North America, Asia-Pacific, Europe, and the Rest of the World (RoW). These regions are narrowed down and studied on the basis of countries to provide impactful intelligence. North America is presumed to dominate the market place for ride sharing. Increasing number of key players in the region are supposed to provide impetus to market growth. The USA ride sharing market is anticipated to contribute significant amount of revenue for the development of the global market. Riisng awareness about the benefits of the services is anticipated to drive the growth rate of the ride sharing market in the near future. In addition, technological innovations to support the expansion of the market are further observed to influence the ride sharing market significantly.

Europe is also poised to witness large-scale adoption of the services. Increasing awareness about the effects of carbon emissions is projected to lead the augmentation of the ride sharing market in the coming years. Asia Pacific is also poised to exhibit strong growth opportunities. It can be attributed to the rising implementation of stricter laws.

Competitive Dashboard

Uber Technologies Inc. (U.S.), Didi Chuxing Technology Co. (China), Lyft, Inc. (U.S.), Gett (Israel), GrabTaxi Holdings Pte. Ltd. (Singapore), ANI Technologies Pvt. Ltd. (India), Taxify (Estonia), Cabify (Spain), Careem (UAE), and car2go (Germany) are the key players of the ride sharing market.

Roofing Market Driven by Growing Demand for Eco-friendly Innovations

2020-10-13T12:36:21.539Z

The global roofing market is expected to exhibit a strong 3.55% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global roofing market is mainly driven by the steady growth of the construction industry in recent years, which has driven the demand for various components of the building process.

Roofing has emerged as a key component of construction projects in recent years due to the increasing awareness of the potential of roofing components in reducing the environmental impact of buildings and making them more eco-friendly. Roofing still serves the basic purpose of sheltering the building from the sun, rain, and other environmental factors, but the extra benefits of installing roofing systems that actively cut down the building’s overall energy consumption are becoming increasingly obvious in the construction industry. This is likely to be a major factor in the global roofing market over the forecast period, as the demand for construction components to do more than just the bare minimum has increased.

Two major trends are dominating the roofing market at present: Using rooftop installations to generate solar energy and using special components in the paints and coatings applied on roofs to keep its energy absorption at the minimum possible level and reduce the overall heat gain in the building. Both these trends are likely to become increasingly popular in the global roofing market due to the increasing government support to such solutions in the form of rebates and incentives and the increasing awareness about the environmental impact of buildings in the commercial and residential sectors.

Competitive Analysis:

Leading players in the global roofing market include Wienerberger AG, TAMKO Building Products Inc., Owens Corning, North American Roofing Services Inc., GAF Materials Corporation, Firestone Building Products Company, Etex SA, Duro-Last Inc., CertainTeed Corporation, Carlisle Companies Inc., BMI Group Services GmbH, and Atlas Roofing Corporation.

In March 2019, Atlas Roofing Corporation launched a new polymer technology titled StormMaster. The products under this brand contain enhanced polymers to make roofing stronger and more resistant to dirt, wind, rain, and other environmental contaminants. This follows the October 2018 launch of Atlas’s Pinnacle Pristine Natural Expressions roofing shingles.

Segmentation:

The global roofing market is segmented on the basis of roofing material, application, and region.

By material, the global roofing market is segmented into tiles, metal, concrete, asphalt, and others.

By application, the global roofing market is segmented into commercial, residential, and industrial. Residential roofing application is likely to dominate the global roofing market over the forecast period due to the growing demand for residential construction in emerging regions of the world.

Regional Analysis:

Asia Pacific is the leading regional market for roofing materials due to the rapid growth of the construction industry in the region over the last few years. Asia Pacific is home to a rapidly growing urban population, which has driven the demand for roofing and other construction components. The growing urban population in Asia Pacific is likely to be a major driver for the global roofing market over the forecast period. The construction industry in Asia Pacific has also experienced a rapid influx of investment in recent years due to the increasing private investment in the sector. This is likely to be a major driver for the roofing market in the region, as this has driven the development of leading roofing market players in the region. The Asia Pacific roofing market is expected to exhibit the highest CAGR of 3.99% over the forecast period.

North America is the second largest regional market for roofing materials and is likely to continue in the position over the forecast period due to the steady growth of construction companies in the region. While the growth of the construction industry in North America has stalled somewhat in recent years, the growing demand for eco-centric innovations in roofing technology could prove crucial for the roofing market in the region over the forecast period.

https://www.marketresearchfuture.com/reports/roofing-market

Expansion of the Construction Sector Anticipated to Push the Global Roofing Materials Market

2020-10-12T13:56:46.766Z

The global bubble wrap packaging market is expected to grow at a rapid pace during the forecast period due to a number of key factors. In a study, Market Research Future (MRFR) identifies the growing use of eco-friendly materials in roofing, the development of energy efficient cool roofs, and the burgeoning demand for a new generation single ply tech to be some of the key factors driving the growth of the global market. The report further states that the global market for roofing materials is expected to garner a CAGR of 3% during the forecast period between 2016 and 2023.

At present, the market is increasing primarily due to the expanding construction industry across the world. Furthermore, the burgeoning Foreign Direct Investments in the construction sector of emerging countries and favorable government regulations and policies are some of the other fueling factors of the market. Governments are even seen taking measures to promote and develop the infrastructure and construction industries. The emerging countries in various regions are bringing forward various reforms and regulations to accelerate the growth of the market. However, at the same time, the lack of awareness concerning these roofing materials among the consumers is a big factor that can hamper the growth of the market.

Regional Analysis

The global roofing materials market is geographically segmented into Asia Pacific, Europe, North America, and the Rest of the World (RoW).

The Asia Pacific region is the dominant player in the global market with the highest share percentage and is anticipated to grow in the forthcoming years with the highest CAGR. The expanding urbanized population, the increasing industrialization, and the rising spending capacity of consumers are some of the key drivers pushing the market growth in the Asia Pacific region. Add to this, the increasing re-roofing activities also hold a positive influence on the market growth of roofing materials.

The North American region holds the second largest share in the roofing materials market. The proliferating demand for residential housing and the growing support from the government in the form of rebates and implementing various other tax benefits is expected to drive the growth of the region. Additionally, the presence of various key manufacturers in the region and their ability to provide a wide portfolio of products to the customers is anticipated to cause a positive influence over the growth of the regional market.

Market Segmentation

The global roofing materials market segmentation is based upon product type and application.

By product, the market segments into metal roof, tile roof, plastic roof, and others. The tile roof segment holds a dominant share of the market and is expected to continue its dominance in the near future. Metal roofs is projected to grow at the fastest manner during the forecast period owing to the high service life and high durability.

By application, the market comprises residential and non-residential segments. The residential sector holds the dominant hand in the application market. The expanding housing sector in major economies like India, US, and China is a key driver of roofing materials.

Competitive Landscape

Some of the key players identified in the global roofing materials market include names such as Owens Corning Corp. (U.S.), GAF Materials Corporation (U.S.), Etex (Belgium), TAMKO Building Products, Inc. (U.S.), Atlas Roofing Corporation (U.S.), Braas Monier Building Group S.A. (Europe), Icopal Holding Aps (Denmark), CertainTeed Corporation (U.S.), Fletcher Building Limited (New Zealand), North American Roofing (U.S.) and others.

April 25th 2019, the Democratic Progressive Party Member of Parliament named Fukumele Mukumbwa of Chitipa Central Constituency Clement has cemented his willingness to hold onto its position for the next five years as he has donated roofind materials worth K-17 million to the Ishalikira Primary School.

Self-Consolidating Concrete Market to Gain Highest Traction in APAC

2020-10-12T13:35:01.205Z

Market Overview

The global self-consolidating concrete (SSC) market can achieve a remarkable growth rate during the forecast period (2016-2021), suggests Market Research Future (MRFR).

Top Drivers and Key Challenges

Since its development about 25 years ago, SCC has gained immense popularity among architects and contractors in developing countries. It finds widespread use in repairing and precast applications. Its use is also rising the new construction application segment.

Self-consolidating concrete is also called self-compacting concrete and can be described as a concrete mixture that has a moderate viscosity, high segregation resistance, low yield stress, and high deformability. SCC can self-level and has the ability to easily flow through the obstructions and framework. In addition, it is less labor-intensive compared to conventional concrete mixes. It also helps remove any vibration-related issue and is easy to apply.

The global self-consolidating concrete market can gain immense traction in the coming years, backed by the expanding construction sector. Its high aesthetic and engineering advantages also add to its appeal among consumers. Development of advanced self-consolidating concrete across various regions is expected to work in favor of the global market as well.

Market Segmentation

The worldwide self-consolidating concrete market has been segmented with regard to type, ingredients and application.

With respect to the type, the market is considered for powder, viscosity modifying agent and combination.

Ingredient-wise, the market includes aggregates, cement, admixtures, and others.

Application-based segments enlisted in the report include infrastructure, precast concrete, architectural, and others. The precast concrete segment is responsible for significant consumption in the global SCC market. It is made of a range of products such as architectural cladding, flooring units, paving, masonry (blocks and walling), roof tiles, piles & foundations, railway products, structural components, and drainage.

Regional Insight

North America, Asia Pacific (APAC), Europe, and Rest of the World (RoW) are the major regions as per which the self-consolidating market has been studied in the MRFR report.

A plethora of driving factors that make APAC the top market for self-consolidating concrete market includes mounting awareness about sustainable buildings as well as green certification. Governmental standardization in the region also indicates that Eco-SCC, in all likeliness, can emerge as the next disruptive trend in the market space. The strong product demand in the region is the surge in the number of drilling activities, given the booming oil & gas sector.

Europe is another major market for SCC and can grow steadily during the forecast period. High consumer emphasis on low-noise construction activities along with the rising popularity of low-fines Smart Dynamic Concrete (SDC) is believed to be important factors that are boosting market demand in the region. Gradually recovering construction and housing sector in recent years has also contributed massively to the regional market. A number of renowned companies in the region are entering strategic alliances with small or medium scale vendors to expand their profitability. To illustrate, Tarmac (Europe) acquired half of ScotAsh, which resulted in it becoming the largest producer for construction materials in 2017.

High deployment of self-compacting concrete in constructional activities has been noted in North America. This factor has led to higher research and development (R&D) investments in the region by the vendors that aim to take advantage of the material's potential. In fact, a number of market giants in the region are exhibiting a great deal of interest in expanding their product portfolio as per the sustainability trends.

RoW includes the Middle East & Africa, which will note notable growth during the review period. This is mostly owing to the burgeoning population that calls for substantial investments in infrastructure projects. Apart from this, availability of oil & gas reserves coupled with increasing energy consumption from household, transportation, and power sector could lead to higher number of exploration and production activities in the region.

Leading Players

Leading players shaping the worldwide self-consolidating concrete market are Unibeton Ready Mix, CEMEX Group, Lafarge, BASF SE, Lafarge, Hope Cement Limited, Tarmac Trading Limited, Sika AG, UltraTech Cement Limited, ACC Concrete Limited, to name a few.

Commercial Forces to Drive Specialty Papers Market Growth

2020-10-12T13:15:16.055Z

Market Overview

Commercial forces are expected to cause the expansion of the global specialty paper market at a 5.7% CAGR during the forecast period (2017 to 2023), reveals Market Research Future (MRFR). The “Specialty Papers Market” report, suggests that owing to the increase in demand for packaging, labeling, and promotional activities among others are expected to cause the worldwide specialty paper market to value at USD 28.73 billion by 2023. The growing need for sustainable packaging and an increase in support from governments across the globe for the adoption of specialty paper for sustainable packs are factors that are anticipated to spur the global market growth. The on-going trend of plastic-to-paper for packaging is boosting the need for specialty papers that is likely to promote the worldwide specialty paper market growth.

Segmental Outline

The global market of specialty papers is assessed by a segmentation study to identify growth scopes of the market. The market is assessed by raw material, application, and type. The application-based segments of the specialty paper market are; industrial, building & construction, printing & writing, packaging & labeling, and others. The expansion of the global population base and fast-growing industries are responsible for the growing need for building construction. Hence, the building & construction segment, followed by the industrial segment is expected to contribute to the health of the market. Raw materials-based market segments are; fillers & binders, additives, pulp, and others. The ease of procuring raw materials and the availability of necessary equipment for the fabrication of specialty papers are factors that can cause the market to gain momentum in the near future. The type-based segments of the market are; flexible packaging papers, décor paper, printing paper, release liner paper, masking tape, and others. Growing demand for a luxurious living space is gaining traction for décor paper. This is expected to spur the global specialty paper market.

Regional Outlook

The growing need for specialty papers in the food and beverage industry is identified as a major factor for the specialty paper market in Europe to surge. Europe is expected to mint high revenue in years to come because specialty paper in the F&B industry in Europe is used as a brilliant method for improving the packaging of food to attract customers and in promotion and advertisements. In Asia Pacific, the fast-growing food and beverage, and construction industry are surging the need for specialty papers. It is expected to boost the regional market growth in the review period. In North America, an increase in packaging and labeling requirements is increasing the need for specialty papers, which is anticipated to impel the North America market.

Key Players

MRFR listed prominent specialty papers suppliers. They are; Domtar Corporation (Canada), Nippon Paper Group, Inc. (Japan), Sappi Limited. (South Africa), Mondi Plc (Austria), Munksjo Corporation (Sweden), Stora Enso Oyj (Finland), International Paper Company (U.S.), Kanzaki Specialty Papers Inc. (U.S.), Griff Paper and Film (U.S.)., and Griff Paper and Film (U.S.). Key players are making strategic moves to generate high turnover for the market. Their adoption of rational growth plans is expected to favor the global specialty paper market.

Industry News

December 2019

Key players are making efforts to enhance their product portfolio and improve its customer service. This is likely to benefit the global specialty papers market. Feldmuehle, a Germany-based coated paper specialist, appointed Peter Čechal as a new member of its sales team. Peter Čechal, having 25 years of solid experience in the label and specialty paper industry could significantly contribute to the company, as Feldmuehle aims to launch new and recycled products and process requests of customers faster.

Highly Efficient and Cost-Effective Feature to Induce Truck Rental Market

2020-10-12T12:54:49.275Z

Market Analysis

The global truck rental market is predicted to have a healthy growth at 15.3% CAGR over the predicted years (2019-2024). Truck rental includes hiring of light or heavy commercial vehicles. Renting trucks will help in curbing vehicular pollution via reducing the owned vehicles’ volumetric sales and also on road vehicles. Renting a truck is an immensely cost-effective and efficient solution compared to loan and purchasing a truck as it gives the owner the choice of mobility devoid of having to pay the price related to vehicle ownership.

There are ample factors that is boosting the growth of the truck rental market. These factors as stated by the Market Research Future (MRFR) report include increasing need for optimization of operational risks, highly cost-effective, burgeoning need for trucks from the construction industries, industrial and logistics, rapid population growth, and no financial liability of servicing, vehicle replacement and maintenance. On the contrary, scarcity of service truck rental providers both in underdeveloped and developing regions may hinder the growth of the truck rental market over the predicted years.

Market Segmentation

MRFR report offers a wide segmental analysis of the truck rental market on the basis of truck type and lease type.

Based on truck type, the truck rental market is segmented into light commercial vehicle and heavy commercial vehicle. Of these, the heavy commercial truck segment will have the largest share in the market and at an astounding CAGR over the predicted years. The intercontinental trucking and cross-border trucking industry is predicted to boost the growth of this segment.

Based on lease type, the truck rental market is segmented into full-service lease and finance lease. Of these, full-service lease will dominate the market and is predicted to grow at the fastest CAGR over the predicted years. This is owing to its growing demand as it helps in managing the operating costs of trucks including roadside assistance, licensing, taxes, repairs and maintenance. Full-service lease helps in minimizing the administrative costs related to operating a truck thereby enabling truck operators in focusing on their business more.

Regional Analysis

By region, the truck rental market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, Europe and North America. Of these, North America will have lion’s share in the truck rental market over the predicted years. This is owing to the presence of leading rental truck provider companies in the region namely Avis Budget Group Inc., Ryder System Inc., Penske Truck Leasing Co., PACCAR Leasing Company and AMERCO. This coupled with the growing awareness and concern to reduce emissions has led to an increase in the truck rental services as they significantly cut down the total number of trucks on the road.

Key Players

Key players profiled in the truck rental market include Europcar (UK), Almano (US), United Rentals, Inc. (US), Sixt SE (Germany), Ryder System, Inc. (US), Penske Truck Leasing Co., L.P. (US), PACCAR Leasing Company (US), AMERCO (US), MAX Rental.lu AG (Luxembourg), Budget Car Rental (US), Avis Budget Group Inc. (US), Advantage Rent-a-car (US) and others.

April 2019- Penske Truck Leasing is relocating their Dubuque, lowa facility. For accommodating the growing customer base, the company has built its new state-of-the-art facility which offers commercial as well as consumer truck rentals, full-service truck leasing, connected fleet solutions, and contract truck fleet maintenance, a value-added resource for helping customers in addressing options and issues related to onboard technology systems (onboard cameras, telematics, ELDs and others).

March 2019- Enterprise Holdings that handles the world’s most diverse and largest privately-owned fleet has launched its first ever vehicle subscription service called “Subscribe with Enterprise” in three states: Nevada, Missouri and Minnesota. Under this program, a single monthly fee will allow customers in selecting from an array of vehicle classes including light duty trucks, mid-sized and small SUVs and premium and full-size sedans, representing over twenty makes and models. Moreover, subscribers have the flexibility of swapping their cars up to 4 times a month.

https://www.marketresearchfuture.com/reports/truck-rental-market-7825

Increasing Residential Applications Set to Augment the Global Under Floor Heating Market

2020-10-12T12:35:17.444Z

Market Synopsis:

Market Research Future (MRFR)’s assessment asserts that the global under floor heating market is set to exhibit a moderate CAGR over the forecast period. The market is anticipated to reach a decent valuation by the end of 2027. Under floor heating is one of the oldest ways of regulating indoor atmosphere leveraging conduction, radiation, and convection for thermal comfort. Technological developments over the years have led to an expansion of the market and are likely to dictate the future trajectory of the market in the years to come.

Under floor heating systems do not require the use of radiators which ensures safety and security. This is expected to augment the market in the forthcoming years. In addition, the low installation cost of these systems is poised to attract a larger customer base in the foreseeable future. It is presumed to revolutionize the growth pattern of the under floor heating market over the assessment period owing to drop in temperatures in winter seasons.

The penetration of major industries such as healthcare, transportation & logistics, education, hospitality, etc. is forecasted to work favorably for the participants of the under floor heating market in the years to come. The growth of these industries is prognosticated to catalyze market growth. In addition, the development of eco-friendly techniques for under floor heating is further anticipated to aid the proliferation of the under floor heating market.

Market Segmentation:

By type, the global under floor heating market has been segmented into hydronic system and electric system. The hydronic system segment has been further sub-segmented into heating pipes, sensors and thermostats, and manifolds. The electric system segment has been sub-segmented into heating cables, heating mats, sensors and thermostats, and manifolds.

By application, the underfloor heating market has been segmented into commercial, industrial, and residential.

Regional Analysis:

By region, the global under floor heating market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). Europe is anticipated to hold the maximum market share over the forecast period. The regional under floor heating market has been projected to exhibit decent growth owing to the awareness about minimum adverse effects of these systems on the environment. The growing awareness about environmental degradation is presumed to drive the expansion of the market in the region. Also, under floor heating market is forecasted to gain quick mileage in North America owing to rising residential applications.

Competitive Dashboard:

Some of the key participants of the under floor heating market included in the market share analysis are Uponor Corporation (Finland), Emersion Electric Co. (US), Honeywell International Inc. (US), Danfoss A/S (Denmark), Robert Bosch GmbH (Germany), Nexans (UK), Rayotec Ltd. (UK), Incognito Heat Co Ltd. (Scotland), Robot UK Ltd (UK), Solfex Ltd. (UK), and Uheat (UK).

Industry News:

In March 2019, +31Architects, Dutch architectural firm, has completed designing a series of solar-powered motorized floating homes with a pellet-powered underfloor heating system. The firm, in partnership with a German manufacturer named WSM Die Wohnschiff-Manufaktur, plans on completing the prototypes by the end of this year.

In March 2019, Trago Mills, a department store company based out of the U.K., has announced the release of carpet ranges which are compatible with under-floor heating (1.65 Tog).

In January 2019, Longcliffe Quarries, U.K.’s leading supplier of high-quality calcium carbonate products, has announced the launch of Longfloor, which is a fast-drying floor screed solution for commercial, domestic, and under floor heating applications.

In January 2019, a renewable energy company, Isoenergy, initiated working on eco-friendly under floor heating system for Bath Abbey, an Anglican parish church in England, using hot water from the city’s Roman baths.