Agriculture Equipment Market Analysis of Sales, Revenue, Price and Growth Rate to 2025

19 Sep 2018 – Global Agriculture Equipment Market is expected to reach USD 243.4 billion by 2025. A mechanical machine designed for advanced farming purpose is known as an agriculture equipment. The agriculture equipment is useful for irrigation, planting, harvesting and so on. There are a wide range of equipment available right from hand tools and power tools to tractors. Agriculture equipment has several advantages such as enhanced uniformity and quality of the process, accuracy, substitute for labor, operation requires less time as compared to the conventional methods, and so on. The Agriculture Equipment Market is estimated to grow at a CAGR exceeding 7% over the forecast period as the scope and its applications are rising enormously across the globe.

Increasing population at faster pace, rising demand from developing countries like those that India and China with high population base, and developing enhanced agricultural equipment’s are documented as major factors of Insurance Analytics Market that are estimated to enhance the growth in the years to come. However, high cost of machinery and financial problems to replace the old machinery are the factors that may restrain overall market growth in the coming years. Agriculture Equipment Market is segmented based on product type, process, application, and region.

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Fertilizing &Pest Control, Harvesting/Post-Harvest, Hay Making, Irrigation, Planting, Produce Sorter, Loading, Tractor and Power, Soil Cultivation, and another product type could be explored in Agriculture Equipment in the forecast period. The process may include harvesting & threshing, land development, tillage, seed-bed preparation, post-harvest & agro-processing, plant protection, sowing & planting, weed inter-cultivation, and others that could be explored in Agriculture Equipment in the forecast period. The market may be categorized based o applications like wheat, corn, soybean, rice, and others that could be explored in the forecast period.

Globally, Asia Pacific accounted for the substantial market share of Agriculture Equipment and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be high demand for food in India and China due to rising population, falling crop values, and rising use of enhanced technology. In India, National Agricultural Development Program (NADP) offers subsidies ranging from 30%–50% on the purchase of agriculture equipment like tillers, farm tractors, threshers, sprayers, and paddy transplanters.

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India with its favorable rich natural resource base and agro-climatic surroundings has converted to the world's biggest manufacturer across a variety of goods. Instead, Europe and North America are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, North America is estimated to grow at fastest pace with the highest CAGR in the foremost period.

The key players of Agriculture Equipment Market are AGCO, AgriArgo, CNH, China Northern, Challenger, Dongfeng, Double L, Farmers Equipment, Grimme, John Deere, JL Farm Equipment, Great Plains, JCB, Kverneland, Kinze, Kubota, Menoble, Modern Agriculture, Nonghaha, New Holland, Monosem, Oxbo, Rabe, Same Deutz-Fahr, Shifeng, Ten Square, Top Air, YTO, Woer, and ZhongJi Southern. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Ground Handling System Industry Analysis, Size, Growth and Forecast to 2022

17 Sep 2018 – The global Ground Handling System Market size is expected to value at USD 189.09 billion by 2022. The ground handling system industry is subject to witness a substantial growth due to the rising globalization, increasing the global air traffic, rising focus towards ground support operations at airports. Additionally, declining airfares, increasing number of aircraft fleets, rising availability of advanced facilities, and development of the luxury travel services are expected to drive the growth of ground handling system market over the forecast period.

Shifting trend towards convenience travel for passengers and increasing per capita income among general population are some of the key driver for market growth, in the recent years. Globally, the ground handling system is predicted to grow at a significant CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development in the ground handling system.

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Rising demand for sophisticated services for airport operations and airline services to utilize every aspect of GH operations. The recent technological advancement in the aviation industry and development of novel products and technique such as use of robotics and digital communications are expected to positively influence the growth of the ground handling system in the upcoming years. In addition, shifting trend towards adoption of electric propulsion instead of fossil fuels is considered as key growth factor for ground handling system industry, in the near future.

Development of electric-operated and biogas powered towing automobiles coupled with favorable governmental policies are expected to boost overall market performance in the upcoming years. Use of electrically operated and biogas powered towing automobile for aircraft allows engines to stay powered off unless the aircraft is at the runway’s head.

Growing number of operational airports and flights, particularly in the North America and European region are expected to incorporate numerous growth opportunities in the near future. Increasing investment by both local governments and private bodies to promote adoption of alternate fuel resources for handling equipment and vehicles, are propelling market expansion in the years to come. However, requirement for optimization of operations at the peak time is expected to negatively influence industry growth to a certain extent.

The ground handling system market is broadly categorized into three major types based on type of the equipment such as aircraft handling system, baggage & cargo handling system, and passenger handling system. Aircraft support equipment is considered as one of the fastest growing segment in the ground handling system industry with substantial revenue generation in the last couple of years. Aircraft support equipment majorly consists of air start units, refuels, tow bars, wedges, deicing and anti-icing instruments, and lavatory and water support instruments.

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While the baggage and cargo support equipment market segment has also witnessed significant growth in the recent years as well owing to the increasing demand for transport wagons, tractors, baggage loaders, trailers, and containers. Some of the critical factors such as customer satisfaction, improvements in the aircraft turnaround time, superior airport’s operational efficiency, automation of various airport services, and a rise in air travel across the globe are fostering the growth of baggage and cargo support equipment segment, in the recent years.

The ground handling system market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in aviation industry, increase in domestic traveling, and existence of well-established industrial infrastructure in the region.

Asia-Pacific region is predicted to hold major market share in the ground handling system with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, increasing customer base for airlines, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the ground handling system industry are Dubai National Air Transport Association, Havas S.A., John Bean Technologies AeroTech SLU, SATS LLC, AERO Specialties, Inc., Aircraft Service International Group (ASIG), Inc., Imai Aero-Equipment Mfg. Co., Ltd., WeihaiGuangtai Airports Equipment Co., Ltd., Mallaghan Engineering Ltd., and Swissport International Ltd.

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Automotive Infotainment Market Strategies, Manufacturers, Type, Application and Forecast To 2025

13 Sep 2018 – Global Automotive Infotainment Market is predicted to reach USD 37.62 billion by 2025 owing to the rise in demand for smartphones that impacts impressively to the market. Automotive infotainment is the integrated infotainment systems in automobiles that deliver entertainment and informative content. The automotive infotainment development has been extremely impressive and has lately stimulated by various vendors and large number of automobile manufactures.

Automotive infotainment systems are at present available in selected automobiles from manufacturers like Toyota (Entune), Ford (SYNC and My Ford Touch), Fiat (Blue & Me) and Cadillac (CUE). These systems frequently use Bluetooth technology and/or smartphones to assist drivers control systems with touchscreen input, voice commands or physical controls.

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Automotive infotainment system comprise products like DVD players with video screen, audio system including radio, software platforms, navigation devices, rear seat arrangements other accessories. The adoption of these products and services is growing continuously and have become unavoidable owing to constant technological advancements.

Enhanced connectivity and improved user experience are few characteristics of entertainment offered by automotive infotainment systems in cars. These systems have also undergone a steady innovation & several innovations and have transformed for mere music consoles to incorporate the entire range of applications that support automotive drivers and passengers to stay connected with entertainment inside vehicle and surroundings outside vehicle while on the move. Due to the rise in road mishaps and security issues, automobile companies as well as auto infotainment companies are implementing various technologies in the dashboards of automobiles like vehicle tracking systems, self-dial emergency numbers while accidents, connected cars, etc. The technological revolution is driving automotive infotainment industry towards a positive growth path.

Growth of automotive sector along with the growing consumer preference towards an entertaining driving experience, increase in compact passenger car sales and growing demand for vehicle customization among youth are the factors predicted to impact automotive infotainment market considerably in future.

Other factors propelling automotive infotainment systems industry are increasing consumer spending power on luxury items, increase in penetration of smartphones and their active role in day-to-day lives of individuals and rising awareness of safety and security in automobile functioning. Conversely, driver’s distraction in handling automotive infotainment systems during driving and economic crises in few regions resulting to subsequent fall in sales of vehicles are factors restraining the market.

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Automotive infotainment systems market is categorized on the basis of type, technology, application, and geography. On the basis of type, the market is segmented as Vehicle Type (Passenger Cars, Light Commercial Vehicle, High Commercial Vehicle); System Type (Entertainment System, Connectivity System, Driver Assistance System); and Sales Channel (OEM, Aftermarket).Entertainment system is predicted to dominate the market followed by passenger cars in the forecast period.

On the basis of technology, automotive infotainment industry is divided into smartphones and human machine interface. Smartphones are further segmented as Bluetooth and Wi-Fi. Human interface machines are further segmented as touchscreens and voice recognitions. In terms of application, automotive infotainment market is divided into location-based services, communication and others.

Geographically, automotive infotainment industry is segmented as North America, Latin America, Eastern and Western Europe, Asia Pacific, and Middle East & Africa. North America is predicted to hold a larger market share of automotive infotainment owing to rise in adoption of luxurious lifestyle. The key market players comprise Alps Electric, Clarion, Continental AG, Denso, HARMAN International (Samsung), Panasonic Corporation, Pioneer, etc.

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Automotive Glazing Market Analysis, Forecast, Growth Impact and Demand by Regions till 2025

Global Automotive Glazing Market is expected to reach USD 33.02 billion by 2025. Large, transparent surfaces like side/rear windows, panoramic roofs, or transparent body panels are flattering the popularity in the automotive industry. Glazing system abridges the vehicle assembly process. Extrusion and encapsulation are the modular systems that simplify adhesive bonding of the glazing to the vehicle. The Automotive Glazing Market is estimated to grow at a significant CAGR of 4.2% over the forecast period as the scope and its applications are rising enormously across the globe.

Growing production of commercial and passenger vehicles, high demand for vehicles having sunroof systems from populace, and rising manufacturers developing luxury high-tech glazing vehicles with an innovative touch are documented as major factors of Automotive Glazing Market that are estimated to enhance the growth in the years to come. However, high manufacturing cost may restrain overall market growth in the coming years. Automotive Glazing industry is segmented based on vehicle type, material, applications, distribution channels, and region.

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Commercial vehicle and passenger vehicle are the types that could come to the fore in Automotive Glazing in the forecast period. The commercial sector includes buses & coaches, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs).The “passenger vehicles” sector accounted for the substantial market share and is estimated to lead the overall market in the years to come, as growing production of passenger vehicles.

Materials may include polymer blends, glass, and polycarbonate that could be explored in Automotive Glazing in the forecast period. The glass sector comprises gorilla glass, laminated glass, and tempered glass. The market may be categorized based on applications like sunroof, front windshield, sidelight & backlight, rear windshield, and others could be explored in the forecast period.

Aftermarket and OEM (original equipment manufacturer) are the sales channel that could be explored in Automotive Glazing in the forecast period. The aftermarket sector accounted for the substantial market share of Automotive Glazing and is estimated to lead the overall market in the coming years. This may be because of changing glass or other materials for glazing after vehicle meets with an accident.

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Globally, Asia Pacific accounted for the substantial market share of Automotive Glazing and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be high production activities of automotive glazing in the region. The developing countries like India and China are the major consumers of Automotive Glazing in the region.

North America and Europe are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. However, Europe is expected to grow at fastest pace with the highest CAGR in the foremost period. The aspects that could be ascribed to the growth comprise rising demand for innovative glazing systems and high investment by manufacturers for the development of luxury cars.

The key players of Automotive Glazing Market are Teijin Limited, Nippon Sheet Glass Company Limited, Saudi Basic Industries Corporation (SABIC), Chimei Corporation, Covestro AG, Saint Gobain S.A, Webasto SE, and Fuyao Glass Industry Group Co., Ltd. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Truck Racks Market Analysis of Sales, Revenue, Price, Market Share and Growth Rate to 2025

The global Truck Racks Market is estimated to touch USD 1.09 billion by the completion of 2025. As per the study done by Grand View Research, the global Truck Racks market is likely to develop by a CAGR of 4.9% for the duration of the prediction. Flowing demand for the truck racks created from aluminum, due to their lighter weightiness and extended lifespan is expected to be some of the important tendencies promoting the general market.

Increasing call for the product such as an attachment to transportation of a number of industrialized and sports associated apparatus is estimated to strengthen the progress of the market. Furthermore, upsurge in trades of pickup trucks, mainly in North America, is expected to be some of the important tendencies boosting the progress of the market. The international market is expected to advantage from the existence of a huge customer base in North America, together with rapidly increasing trades of pickup trucks in Asia Pacific. Important companies procure raw materials from low price traders situated in Asia with the aim of reduce their charges of manufacturing and rise the limits of profit.

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The division of the truck racks market on the source of Type of Application could span Aftermarket and OEM. The OEMs constitute a smaller stake in the market such as product producers deal out openly over a system established by them. OEMs in the market of truck racks mostly source standardized merchandises, those are fit and suit their automobiles. Thus, it decreases the level of customization probable for the merchandises.

The division of the global Truck Racks market on the source of Type of Product shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category. The market is divided into Aluminum and Steel. The market distinguishes high demand for together aluminum constructed and steel truck racks. Steel constructed merchandises are desired because of greater confrontation to the stress and extended life spans for the usages. Furthermore, usage of steel racks for uses necessitating greater load transporting capabilities is expected to boost the market above the prediction period. Demand for steel constructed merchandises is expected to increase to a price of US$ 300.4 million by the completion of 2025 owing to their wide spread usage in low price pickup trucks.

The demand for truck racks made from aluminum is projected to experience a severe increase above the approaching years. Their less weightiness confirms improved effectiveness in transporting leisure and domestic applications. They are utilized extra regularly such as they deliver greater confrontation to eroding. Growing proportions of aluminum reprocessing and deteriorating prices of product are likely to back to the progress of the subdivision. Demand for aluminum constructed racks is expected to record a severe upsurge owing to greater charges for the setting up of the product, largely for intermediate and high end pickup models.

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The division of the Truck Racks industry on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage could span North America, Europe, Asia Pacific, Latin America and Middle East and Africa. By the source of geography, the market in North America is categorized by way of great demand for truck racks. Existence of asum of pickup truck companies such as Nissan, Toyota, Ford and General Motors in the area has headed to greater trades of these automobiles. Additionally, these companies are expected to upgrade the capability of manufacturing by equal to 5% per year so as to encounter growing demand, that in order will shoot the trades of truck racks.

There is robust demand from the customer for normal and headache racks so as to strengthen operating competences. Asia Pacific is the best encouraging provincial market. Australia is expected to offer greater openings for development in the area, due to increasing transactions of pickup trucks. The economy is assessed to record a CAGR of 6.2% by income for the duration of the prediction. Europe is likely to experience strong development over 2025 due to gushing demand for the manufactured goods from user businesses. A flourishing subdivision of midsized pickup truck, which is motivated by growing presentation of new-fangled models by protuberant companies for example Nissan, Ford, Fiat and Mercedes, is expected to back to the area.

The statement revises Trades in terms of intake of Truck Racks in the international market; particularly in North America, Europe, Asia Pacific, Latin America and Middle East and Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies, operating in the field of Truck Racks on the international basis are Nissan, Ford, Fiat, and Mercedes.

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Rear Spoiler Market Key Companies Profile, Supply, Demand, Cost Structure Analysis by 2025

The Global Rear Spoiler Market is anticipated to reach USD 7.30 billion by 2025 with the contribution of growing demand for the SUVs and MPVs from the young generation. A Rear Spoiler is an automotive aerodynamic device that helps in spoiling the opposing air movement across the body of the vehicle. The spoilers present on the front of the cars are called as air dams that are essential for the engine cooling and high speed stability.

Some spoilers are fitted on the cars just for designing purpose or for improved aerodynamics. A rear spoiler supports in increasing the efficiency and decreasing the drag. The spoilers improve the traction capability of a car, improve the visibility of the car and reduce the weight of the car, technically. The Rear Spoiler Market is predicted to grow considerable at CAGR of 7.9% primarily owing to the manufacturing of plastic spoilers.

At present, several cars are well-furnished with Rear Spoilers to improve the fuel efficiency and reduce the rate of accidents. Most customers install the rear spoilers for designing purpose, which is a reason for increased demand. The bulk manufacturing of composite materials is anticipated to diminish the cost of raw materials in near future. This will ultimately reduce the overall cost of rear spoilers and produce a higher demand over the years.

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The rising demand from SUVs (sports utility vehicles) and high-speed vehicles is expected to support the rear spoiler industry growth significantly. The carbon fiber, which is mostly used in the manufacturing of rear spoilers is preferred by the aftermarket since the customization is carried out by the independent service providers. The rear spoiler also possesses features like high strength, durability, improved finishing and appearance and lightless.

The Internal Combustion Engine is projected to dominate the rear spoiler industry in the near future. Maintaining the balance of the car at higher speeds and providing aerodynamic features are among the major advantages to manufacture Internal Combustion Engines. This will further support the rear spoiler from the automobile sector. The rear spoilers manufactured from the hybrid segment is predicted to contribute the CAGR impressively over the years. Such a penetrating of hybrid vehicles from the different parts of the world economies will boost the market growth. Depending on the vehicle segment, the hatchback segment is expected to dominate the market due to compact size and rates.

The hiked prices of the rear spoiler along with environmental concerns are majorly driving the automotive producers to develop fuel efficient cars with low emissions. Owing to the recent years, the fuel efficiency need is progressively rising in the automotive industry. Due to this reason, the extensive research is experiencing the development of aerodynamically improved vehicle designs. Hence, the demand for this improved product is expected to contribute largely to the rear spoiler market. Nevertheless, the rear spoiler installation and maintenance are very costly which may restrict the market growth in the coming years. The rear spoiler providers many a times offer suitable devices at reasonable rates and with after sale services for gaining customer confidence.

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The rear spoiler industry is categorized on the grounds of vehicle type, material type, sales channel, technology, fuel, design and region. On the grounds of vehicle type, the market is divided into Hatchback, SUV and MPV. On the grounds of material type, the industry is divided into ABC Plastic, Fiber Glass, Silicon and Carbon Fiber. On the grounds of sales channel, the market is divided into OEM and After Market. On the grounds of technology, the rear spoiler market is divided into Blow, Injection and Reaction Injection Molding. On the grounds of fuel, the industry is divided into ICE and BEV. On the grounds of design, the market is divided into Strips and Free Standing Wing.

Some of the prominent rear spoiler industry participants are across the globe are Jiangnan Mould and Plastic Technology Co., Ltd. Albar Industries Inc., SMP Automotive,P.U. Tech Spoiler, Polytec Group, Thai Rung Union Car Plc., Rehau Ltd., Inoac Corporation, Plastic Omnium, SRG Global, AP PlasmanInc and Magna International.

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Rolling Stock Market Trends, Scope and Driver Analysis by 2014-2025

Global Rolling Stock Market size is expected to reach USD 75.12 billion by 2025. Rolling stock is the wheeled vehicles that are used on a railway. It is commonly used for transportation of passengers as well as goods such as conventional fuels, agricultural products, heavy machinery and construction materials. It has facilitated easy transportation with some benefits such as reliability, cost-effectiveness and comfort. Need for reduced traffic, reliability and cost efficiency has increased the adoption of rolling stock for transportation of goods, passengers and animals. The rolling stock market to witnesses a CAGR of 4% in the forecast period.

In rolling stock, some locomotive technologies are used such as conventional locomotive, turbocharge locomotive, maglev, and others. The “turbocharge locomotive” segment is projected to grow at the higher CAGR in the coming years. Numerous companies are implementing turbocharger technology in locomotives used for public transport. Rolling stock could be explored by product such as rapid transit vehicle, locomotive, wagon, subway/metro vehicle, passenger coach, light rail/ tram car, and others. The “rapid transit vehicle” segment is anticipated to witness strong growth in the next couple of years owing to high speed and enhanced comfort offered by these vehicles. Moreover, increasing demand for magnetic levitation trains and automated trains for public transportation is expected to boost the market growth in the next couple of years.

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Train types such as rail freight and passenger rail could be explored in rolling stock industry. The demand for passenger rails is constantly increasing globally. Moreover, passenger rails are mass transit systems and more cost-effective than roadways. Metros, trams and high-speed trains are the most preferred passenger rails due to their faster transportation service.

The factors that play an important role in the growth of market include increasing demand, growing population, increasing urbanization & industrialization, growing demand for public transport, increasing need for energy-efficient transport, rising demand for rail vehicles such as local trains, trams & passenger rails, technological advancement and stringent government rules & regulations. The other factors include improvement of rail tracks, enhancements to the existing rail management systems, building new lanes, technological development of rail control and signaling services. Moreover, growing rail supply market in the rail infrastructure projects and governments are heavily investing in the rail infrastructure projects like signaling, electrifying of tracks & urban transit systems in developing countries are major factors driving the growth of market in the next couple of years. However, high installation and maintenance cost of rolling stock is negatively impacting the growth of rolling stock industry.

The probable stakeholders for market include manufacturers of rolling stock, dealers & distributors of rolling stock, investment firms, equity research firms, private equity firms and industry associations. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is classified into product, type, train type, locomotive technology and geography.

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The market is classified by type such as diesel and electric. The “electric vehicles” sector is expected to hold the large market share in the upcoming period due to its benefits such as reduced pollution and enhanced efficiency of vehicles. Electric trains are eco-friendly and emit 20%-30% less carbon monoxide as compared to diesel trains.

Asia Pacific is projected to grow at the higher CAGR in the upcoming period owing to the increasing adoption of rail vehicles for transporting goods and passengers. Also, the growing investments in electric and metro trains in developing countries such as India, Taiwan and China which fuels the growth of market in this region. Middle East & Africa (MEA) is expected to be the fastest growing region in the years to come due to the rising applications of rolling stock in the oil & gas and mining industries for transportation of goods.

The key players contributing to the robust development of the rolling stock industry includes CRRC Corporation Limited, Alstom Transport, Bombardier Transportation, Alstom SA, Trinity Rail Group LLC, GE Transportation, Diesel Locomotive Works (DLW), Stadler Rail AG, Siemens Mobility, Japan Transport Engineering Company, Downer Rail, Faiveley Transport, General Electric Company, UGL Rail, The Greenbrier Co., Texmaco Rail and Engineering, Hitachi Rail Systems, and Hyundai Rotem. The major market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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Automotive Interior Ambient Lighting Market key Players, Industry Overview And Forecasts 2022

Global Automotive Interior Ambient Lighting Market size is expected to reach USD 4.59 billion by 2025. Automotive interior ambient lighting is extensively used for drivers’ safety as it ensures effective visibility of dashboard and is used by the automotive manufacturers as a tool of product differentiation. The adoption of interior ambient lighting in automobiles is anticipated to increase due to growing awareness regarding energy-efficient lighting systems and increasing sales of luxury vehicles equipped with infotainment and navigation systems. The market size is expected to record a CAGR of 7.2% in the upcoming period. Automotive interior ambient lighting is one of the most important parts of vehicles that is gaining popularity among the vehicle manufacturers. Moreover, new product developments and constant innovations in the lighting systems are the major factors driving the growth of market in the next couple of years.

Applications such as footwell, dashboard, doors, center console, and others could be explored in automotive interior ambient lighting industry. The “dashboard” segment is anticipated to witness the highest market share during the forecast period due to increasing sales of ultra-luxurious vehicles and increasing installation of ambient lighting. The market size based on vehicle type is classified into green cars and conventional cars. The “conventional cars” segment is expected to hold the largest market share in the upcoming period. Conventional cars include passenger cars or road vehicles such as luxury cars, vans, sedans and SUVs, which are manufactured for transporting passengers and designed to seat more than five individuals.

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The factors that play an important role in the growth of automotive interior ambient lighting market include increasing demand, growing population, increasing urbanization & industrialization, improving advancements in the automotive industry, growing demand for luxury vehicles, rising installation rate of ambient lighting, increasing demand for LEDs in cars, growing automotive industry, technological advancements, and stringent government rules & regulations. Moreover, increasing awareness about energy-efficient lighting systems, growing customer inclination toward safety & comfort features and technological advancements in automotive interior lighting technology are further driving the demand for ambient lighting in the automotive industry.

However, high costs of OE integration and fluctuating prices of raw materials are negatively impacting the growth of automotive interior ambient lighting industry. The probable stakeholders for market include ambient lighting manufacturers, original equipment manufacturers (OEM), and lighting source providers.

The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate, and others. The market is categorized based on type, application, technology, fuel vehicle and geography. The market is classified into fuel vehicle such as battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and hybrid electric vehicle (HEVs). PHEVs combine diesel or gasoline engine with an electric motor and a large rechargeable battery. They use electricity for cover longer distances and operation. Battery electric vehicles (BEVs) use chemical energy harnessed from rechargeable battery packs and have no internal energy combustion engines. They are easy to maintain and are eco-friendly.

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North America held the highest market share in 2016 and is expected to hold the largest market share in the years to come due to increasing luxury vehicle sales and incorporation of ambient lighting in all premium and mid-segment vehicles. On the other hand, Asia Pacific is projected to grow at a high CAGR in the coming years owing to the increasing presence of large number of vehicle manufactures and growing demand for luxury vehicles.

The key players contributing to the robust development of the automotive interior ambient lighting market include OSRAM GmbH, SCHOTT AG, HellaKGaAHueck & Co., DRÄXLMAIER Group, Koita Manufacturing Co. Ltd., GE Lighting, General Electric, Federal-Mogul Corporation, Ford Motor Company, MagnetiMarelli S.p.A, Zizala, Robert Bosch GmbH, Stanley Electric Co. Ltd., Hyundai Motor Company, Mahindra & Mahindra Ltd, Ichikoh Industries, Valeo S.A., Toyota Motor Corporationand Grupo Antolin. These market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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Automotive After Market Is Expected To cross USD 486.36 Billion by 2025

The global Automotive AfterMarket Industry valuation is expected to cross USD 486.36 billion by 2025. Automotive Aftermarket is driven by factors such as rise in buyers’ awareness regarding routine maintenance, convenience, and safety along with add-on services such as internal and external accessories and exhaust components. In addition, change in lifestyle and the need for commuting long distance travels leads in average distance driven per vehicle. The market witnesses numerous opportunities in form of availability of variants for spare parts and accessories. Automotive after market, however, encounters negative setback in form of stringent policies by government, dearth of labor, and loopholes in record retrieving systems for older vehicles.

Automotive industry is enormous in Western Europe, Eastern Europe, Russia, China, and India. The market is witnessing significant changes along with growing importance not only for brand new cars but also in the aftermarket domain. Customers’ expectation, technological growth, automotive suppliers, and shifts in competitive power help in revamping and development of automotive aftermarket.

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Emerging markets seem to create new needs for aftermarket industry and simultaneously, the market players may encounter challenges such as rising pace of consolidation, particularly in European counterparts and U.S. On the other hand, automotive suppliers operate in a highly stable environment to face a new type of competitive pressure from other players at alternate stages of aftermarket value chain. Market trends such as major shifts in aftermarket industry coupled with technological upgrade at periodic intervals prove to be game-changing factors for major players to maintain a strong market position.

The automotive aftermarket segmentation includes product, replacement, distribution channel, sales outlet and geography. Replacement type comprises tire, battery, brake parts, filters, lighting, electronic components and body parts. Tire segment is expected to account for higher growth in the forecast period. Distribution channel segmentation includes retailers and wholesalers. Retailers segment would account for dominant position in the forthcoming period.

Geographical segmentation for automotive aftermarket spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North American automotive aftermarket is driven by factors such as rise in advanced technology for fabrication of auto parts and upsurge in automobile production leading to rise in sales. South American market expects to gain a higher CAGR owing to rise in accumulation of older vehicles resulting in repair and service.

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Asia-Pacific’s automotive aftermarket expects to gain a positive traction owing to rise in automotive developments and use of digital technology for automotive. In addition, wide presence of automotive manufacturers coupled with favourable policies is contributing to the market growth. Rise in disposable income coupled with increased spending capacity is likely to add to the market growth in the forthcoming period.

European automotive aftermarket is expected to witness a substantial growth in the forthcoming period due to rise in infrastructural development coupled with stringent policies by government along with rise in foreign investments. Middle East and African regions are likely to gain a higher growth in the forthcoming period due to growth in foreign investments, rise in vehicle population along with favourable policies by government. The key players in the automotive aftermarket include 3M Company, Delphi Automotive PLC, Denso Corporation, Continental AG, Federal-Mogul Corporation, Magneti Marelli S.p.A, and Robert Bosch GmbH.

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Agriculture & Farm Equipment Market Application, Share, Consumption, Trends and Forecast 2014-2025

Automotive and Transport

The global Agricultural Equipment Market was estimated at $124.2 billion in 2015. Agricultural equipment or machinery are the tools used in various processes of farming, such as planting, threshing, agriculture product processing, harvesting. New agricultural equipment is replacing the traditional tools owing to improved productivity and enhanced quality of the crop. The need of food is growing at a faster rate as the population is increasing, so the demand for new agricultural equipment is growing to match the requirement of food.

Innovative technologies in the agriculture are increasing the quality & production per square feet for the agricultural products. Manufacturers are focusing on integrating various new technologies such as robotic systems, Google Earth and GPS into existing machinery for tracking productivity and improving it. The government also encourages the use of farming equipment by proving subsidies and offering lower rates to the farmers in emerging countries like India and China to adopt agricultural equipment.

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Equipment Market

On the basis of Product: Tractors dominate the product category and is estimated to account over 20% of total revenue in 2015 after harvesters. Tractors are the most efficient and effective equipment in the agricultural sector as they can perform several activities in the process of farming. Harvesters are expected to grow at a CAGR of 5% through 2014-25.

Other product segment includes thrasher, combine harvester, rotavator, Zero Till Seed Drill, Power Tiller, Multi Crop Planter, Drip Irrigation, Sprinkler Irrigation, Power Weeder, Power Spray.

On The basis of Application: The products are divided as per the processes in farming such as Sowing & Planting Equipment, Land Development/Seed Bed Preparation/Tillage Equipment, Plant Protection Equipment, Water Inter Cultivation equipment, Agro Processing and Harvesting & Threshing.

Threshing and Harvesting expect the fast growth of a CAGR over 6% through the forecast period. Land Development/Seed Bed Preparation/Tillage contributed over 15% of the global revenue in 2015. Agriculture is labor intensive, and the scarcity of farm labor will be the key fueling factor to the increasing demand for agricultural equipment.

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Regional Insights

North America Dominated the Agriculture equipment market in 2015. The driving factors behind the most usage of agriculture equipment are the scarcity of labor, improved features and fuel efficiency of the machinery and demand for the food. However, North America and Europe are expected to show moderate growth over the period. The Asia Pacific region is projected to be fastest growing market during the forecasted period owing to India and China are emerging as the fastest growing market. China dominates the region by contributing over 20% of the regional revenue share in 2015. Developing countries are showing strong economic growth, such as India, Middle Eastern countries and China, which will further fuel the growth of the agricultural equipment industry.'

Competitive Insights

The Agriculture machinery market is highly fragmented and competitive due to the existence of prominent players along with some other medium or small-scale participants. Key players in the agriculture industry include Mitsubishi Agricultural Machinery Co. Ltd., AGCO Corp., Same Deutz-Fahr Group S.p.A. (SDF), Iseki & Co., Ltd., Kubota Corporation, Deere & Company Mahindra & Mahindra Limited.

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Flight Simulator Market Growth, Size & Share, Demand and Analysis of Key Players- Forecasts To 2024

"Rise in passenger air travel is anticipated to spur flight simulators demand"

By 2024 the global Flight Simulator Market is expected to reach $5.62 billion. Training programs that are critical mission based offer improved operation of aircraft, visual systems and helps in cutting down operational costs to offer experience of real world, act as major benefits of the system and are expected to open up newer market spaces over few years from now. The rightful importance that aircraft safety is experiencing is also one of the reasons for need of training to boost-up over 8 years.

Flight handling and other processes such as skill adaptability and awareness of situation may also be the reason for the growth of the industry. Also the increase in demand for effective and improvised training of pilots may become decisive. Research and development along with technological improvements are on all-time high in this industry leading to far better simulation products. Improved products now come in packed with higher efficiency and greater ability to save fuel costs. Ever-modifying technology in this sector has resulted in the advancements of motion and visual systems for better smoothness which also is expected to drive the demand for simulators over the forecasted period.

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Higher initial investments related to manufacturing and also the maintenance costs are the factors that can hinder the growth of this industry. Negative impact can also be faced due to physical environment limitation and behavioural fidelity. However in spite of all these factors, rising prices of pilot training costs, need to save the maintenance costs and ever-changing fuel costs will impact positively in growth. Recent developments in the field such as ECAM displays and aircraft logic which is realistic have significantly led to increase in usage of flight simulators.

"FFS expected to witness substantial growth over the next eight years"

The two major segments of the industry are fixed flight training devices (FTDs) and full flight simulator (FFS) which accounts for 85% of the total revenue in 2015. High technical flight simulators that offer reliability and higher fidelity characterise the FFS. Accurate simulation is achieved by FFS in the environment that it works. Realistic training experience is created by FFS devices creating sound, motion and other visuals along with all other flight operations.

FTDs have limited visual display. The sole purpose of these devices is to impart the knowledge of indicators and switches on the console. Low cost both for operations and purchasing is the only reason these devices find their way in the market.

"FFS expected to witness substantial growth over the next eight years"

30% of the total revenue in 2015 came from the segment of application which comprises of military and defence which is also expected to rise over forecast period. Simulators are used in war-intensive training by the military and defence. Application in Civil aviation is expected to grow at CAGR of more than 4.0% over the 8 years due to increased adoption of flight simulators regular competency and training of the crew checking in order to retain the licenses of the crew.

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"Asia Pacific emerged as the fastest growing in 2015"

25% of the total revenue in 2015 came from the region of North America and is also expected to rise due to significant growth caused by advancements in technology which has increased the adoption rate of the technology by the manufacturers. Also the strict regulations enforced by Federal Aviation Administration (FAA) which emphasise on use of simulators for training may boost the growth rate regionally.

High growth over the forecast period is anticipated from the region of Asia Pacific due to ever increasing demands of the devices in the nations particularly such as India and China. Entry of Chinese manufacturers in 2015 may also add up to the growth rate. On the contrary, North America will face a slower growth over the period 2016-2024, due to changes in the air safety policies along with more strict standards by FAA in the US.

"CAE accounted for more than 40% of the global market"

Lockheed Martin, CAE, Alenia Aeronautica, Boieng, Cassidian, HAVELSAN, Kratos Defense, HAVELSAN, L-3 Link Simulation and Training and Rockwell Collins are the major companies offering this product. Manufacturers prefer contracting the subcontractors and suppliers with prices and quantities and delivery timeframes for longer durations. Mergers and acquisitions are undertaken as a part of strategy by firms to make an impact with their presence.

Key manufacturers focus on tying-up with technology providers so that the product they offer is improved and the time for transit to market is reduced. Efforts are also being made by the suppliers to continuously improve Aircraft Simulation Technology (AST) so that a better product is offered.

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Armored Vehicle Market Trends, Size, Share, Growth and Forecast 2022

The global Armored Vehicle Market is projected to reach USD 26.79 billion by 2022, Armored vehicles are protected by very strong armor and generally armed with robust weapons which combine defensive, tactical offensive and operation mobility capabilities which can be tracked easily. The key drivers for global armor vehicle market are rapid demand of armored vehicles in developing nation, viable conflicts in global scenario, preeminent importance given to homeland securities and growing conflicts within several nations. This market was at its peak during 2007-2012 when US government was battling terrorism against Iraq and Afghanistan.

The top-notch priority at this point of time is given to the soldiers guarding our country and to protect them from the severe mine attacks, special kind of vehicles were introduced such as Mine Resistant Ambush Protected Vehicles (MRAPs). Till 2012, over 42000 vehicles were produced.Defense sector is contributing towards the major market share in this industry. Two regions i.e. Europe and US contributes majorly towards the armored vehicle market as they are developed nations. The key players in the global armored vehicle market are Oshkosh Defense, BAE Systems, Rheinmetall and Navistar, and most of them are from Europe and US. The major challenge for this industry is that it is majorly dependent on the defense sector.

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The demand for armored vehicle is increasing in Asia Pacific, Africa and Middle East region due to the continuous tension with their neighboring countries, recent economic booms and internal threat from rebels in this region. In April 2015, BAE Systems enforced Active Damping system upgrade to CV90 combat automobile which expanded its agility by condensing the automobile’s pitch acceleration by approximately 40.0 %. In December 2014, the company also declared that U.S. army has awarded armored multi-purpose vehicle contract of worth up to USD 1.2 billion.

The armor vehicle from post-world war till date are tanks, flame tank, infantry tank, cruiser tank, armored car, aerosani, scout car, reconnaissance vehicle, mortrar carrier, multiple rocket launcher, internal security vehicle, improvised fighting vehicle, troop carriers, armored personnel carrier, infantry fighting vehicle, infantry mobility vehicle, main battle tank, tankette, super-heavy tank, air defense vehicles, self-propelled artillery, amphibious vehicle, armoured engineering vehicle, assault breacher vehicle, assault gun, tank destroyer and armoured train.

The key product for this market is expected to be Main Battle Tanks (MBT) which is accounting for over 25% of the overall revenue share in 2014. Ascending concern to safeguard military personnel is foreseen to drive unmanned ground military carrier demand over the forecast period.

The global armored vehicle market is expected to increase continuously as it is not only concentrated towards the defense sector but also in the commercial sector. The MRAP market has reached saturation in U.S. region, but there is a substantial amount of growth in demand in the Asia Pacific and Middle East region, as the investment in defense in these regions increased significantly in the recent times. Furthermore, these countries are taking precautionary measures to hinder various threats from cross border terrorists, civilian unrest due to contrast in ideas and rebellious groups.

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North America armored vehicle market is expected to show stagnant growth over the forecast period owing to finite defense budget. The U.S. is expected to hold over 80% of the overall North American revenue share in 2014. Armored vehicle market of Asia Pacific is expected to show momentous growth owing to government initiative to enhance its military power to counter internal or external terrorism and this region accounted for over 25% of the global share in 2014. MEA is expected to witness boost in demand owing to terrorism activity and rising dissension in Iraq.

The acquisition of armored vehicle for homeland security is also expected to increase in future. “The Beast” is the armored vehicle used by the president of America weighs over 10,000 lbs due to the thickness of the material used in it can withstand a missile attack and even has the capability to protect the occupants against any chemical weapons.

Growing need to protect the military personnel’s from mine attacks is expected to drive mine-resistant ambush protected automobile requirement over the next seven years. Tactical military carriers are constructed primarily for use by the military personnel’s in the field in direct contact with combat. Armored Personnel Carrier (APC) are initially used for safer deployment of infantry to battle fields or high threat range and it can be distinguished from Infantry Fighting Vehicle (IFV) based on the weapons it bears.

From the modernization programs, ample amount of investment is expected in the armored vehicle market. Although there is a significant reduction in the investment in defense sector by the US government and the western countries, countries like China has drastically increased its expenditure in defense sector which has caused relentless turbulence among Asian countries.

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Automotive Vehicle-to-Everything (V2X) Market Applications, Types and Market Analysis to 2025

Industry Trends

Market size of global Automotive Vehicle-To-Everything was USD 2.83 billion and it is expected to grow considering the feature like automobile safety and superior traffic management. The industry is moving towards sustainable growth. Vehicular communication system incorporates more specific type of communication such as V2I, V2V, V2P, V2D, and V2G. The convenience aspect of vehicles has increased due to safety features and communication technology. The consumer demands for safety has increased and it act as driver for this industry’s market growth.

Technological advancement has lead to driverless and automatic cars which is still under research stage and its commercialization is expected soon. Driverless transportability can be achieved with the help of V2X communication technologies. V2X is all about communicating with automobiles which will have potential threat like hacking and manipulation. Security feature thus become a important factor for growth of this market. This technology is based on WLAN and it works between vehicles within each other’s range. Key aspect for implementing these technologies will be a definite framework for its integration.

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Rise in disposable income of people of various economies can be one driver for growth of automotive industry. India and china has seen a significant increase in sale of automobile in recent years. Traffic congestion have arise due to increase in n umber of passenger vehicle that also have lead to issues such as fuel consumption, emission and air pollution. These restraints for diesel engine can act as drivers for automotive V2X market.

Communication Type Insights

Safety features like Adaptive cruise control, lane change assist and blind spot are covered in automotive V2X communication. Real time traffic and incident alert are other parameters for increasing public safety.

This feature will become mandatory in future looking at strictness in safety regulations. V2X is expected to dominate market in upcoming period. By combining V2I and V2N communication we can solve traffic problem and emission issues. Facilities such as e-parking and automated toll payment will also observe a convincing growth.

Connectivity Type Insights

At present Dedicated short range connectivity (DSRC) is used in cars. The cost benefit of DSRC over cellular connectivity will drive this market. Ease of implementation on other hand will create opportunities for automotive market. Benefits can be decrease in number of accidents by providing real-time information to drivers with the help of sensor and connectivity.

Cellular connectivity can be used for covering large area but it has some limitations. It will require more time for deployment for covering considerable range. The hardware required in V2X technology is expensive. The V2X technology considering above points still have strong growth potential in near future. Synchronized real time data will be important factor of this segment.

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Vehicle Type Insights

Passenger car in this segment is predicted to dominate market as it did in 2015. Despite this the demand for commercial vehicle is high than passenger car. Boom in construction sector have increased commercial vehicle sale by approx. 6% from 2015 to 2016. Asia pacific has emerged a hub for automotive production.

The need for safety in Commercial vehicle is high due to more travel time that will drive the automotive V2X market. The growth rate will be 30% in this segment over the forecasted period.

Regional Insights

It is estimated that North America will have largest market share in automotive V2X market. Canada and U.S. in this region will adopt technology with ease due to its infrastructure and technological advancement. This region has approx. 26% of population of world running on road. High rate of greenhouse emission and traffic congestion are serious issues in this region. The implementation of V2X system will act as solution to these problems acting as important driver for growth of this market.

The automotive industry in Europe is governed by rigorous safety and emission norms. Features such as cruise control, blind spot detection and lane assist uses V2V communication and will enable growth of automotive V2X market in future.

Competitive Insights

At present the companies that have made great technological advancement dominate the market. Strong global presence and diversified product portfolio are two factor to hold their market share in automotive V2X industry. Delphi Automotive PLC (U.k), Continental AG of Germany, Qualcomm Inc of U.S, Cisco Systems are some major players in market among others. Different vendors offer different products and services. Mergers and acquisition will help them to cover large market share. In 2016, SAIC motors have signed an agreement with Savari Inc to manufacture and distribute V2X solution in China and ASEAN countries.

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Automotive Coatings Market Information, Share, Application Trands, Analysis and Forecasts 2014-2025

The Automotive Coating Market is expected to grow at a healthy rate for the forecasted period owing to the increase in demand of commercial and passenger vehicle, development in transport infrastructure, and supporting government policies and regulations. Latest technology in this industry is water born and powder coatings. Most of the automobile parts are metallic and to improve the life and avoid degradation metal coating is done on it. Growing demand of automobile across global is offering great opportunity for auto coating industry. Innovation in green technology such as making the products eco-friendly will help the industry to grow significantly as it will abide government regulations.

Water borne and powder borne coatings popularity is increasing as it has longer durability, in line with government regulations during production, and is cost effective than conventional solvent borne coatings. These emits hazardous chemical and harms environment. The market is primarily influenced by the government regulation as affects the environment. Also the prices of raw material are fluctuating hence it is emerging as a major challenge for the industry as the profit margins are reducing.

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The automotive coatings industry is segmented majorly into two categories which includes aftermarket or refinish and Original Equipment Manufacturing (OEM). The refinish or aftermarket is used by the vehicle body shops and collision repair centres. On the basic of product segmentation, the global automotive coatings market can be divided into four categories namely primer coats, electro-coats, clear-coats, and basecoats. Based on formulation, this market can be classified into four categories which includes solvent-based, water-based, UV-based, and powder-based coatings.
Solvay SA has worked on improving in durability, appearance, and developed new type of finish Basecoat. The upper coat paint system is divided into an enamel basecoat pigmented, followed by an enamel clear finish. The main element in this technology is a clear coat which has longer durability in all weathers. The expense of the Basecoat paint system was high initially and it was used in top-end auto cars. But with the advancement in the technology and processing it helped in reducing the overall costs.

The automotive coating industry is regionally segmented into 5 regions which includes, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia-pacific is showcasing high potential in automotive aftermarket coating in terms of revenue due to increase in vehicles production and use of second hand cars. As the economy of Asia-pacific countries are growing need for automobiles and road infrastructure is also growing at same pace. Hence Asia-Pacific is most lucrative market amongst all.

In Asia Pacific region there is increase in the number of joint venture among key players of automobile industry, and political policies for development are favorable. Europe is the second largest market in the world because it is recovering from downturn. North America is an upcoming market, predicted to surpass it in future considering the increase in the industrial production. Europe and North America are anticipated to benefit from stringent environmental regulations that drive the demand for powder and waterborne coatings considering they are eco-friendlier. However economic slowdown is a major challenge in Europe and North America.

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India, China, Brazil, and Russia or the BRIC are growing rapidly and the sale of automotive are expected to grow in coming years. These countries are considered to be major contributor towards growth of auto coating industry. Developing economies, improvement in the road infrastructure, and increase in use of individual personal conveyance are the key factors for the growth of the automotive industry.  In the competitive market scenario, companies are adopting various business model to exploit the market opportunities and gain competitive edge. Most of the market leader and challengers are concentrating on improving their design to have competitive edge.

Key contributors in the market are PPG Industries Inc., BASF SE, Kansai Paint Co., Ltd., Akzonobel N.V. Bayer AG, Solvay SA, Arkema SA, Akzonobel N.V., Ltd., Akzonobel N.V. and Valspar Corporation, Bayer, Sherwin-Williams, Beckers, Royal DSM, and Eastman Chemical, Diamond Paint, Valspar, Sherwin-Williams.

BASF SE has launched a new refinish paint brand called NORBIN. NORBIN was launched in December 2015. NORBIN offers more colours at effective price, initially it was launched in China and Asia-Pacific. It offers high quality paint job, more range of colours at affordable cost. With the launch of new product BASF expects a dynamic jump in sales.

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