luglio 2023 - market news

Public Transportation Market 2023 | Industry Trends, Size and Forecast 2028

According to the latest report by IMARC Group, titled, “Public Transportation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global public transportation market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the public transportation market?

Report Attributes	Details
Market Size in 2022	US$ 232.24 Billion
Market Forecast in 2028	US$ 339.41 Billion
Growth rate (2023 to 2028)	CAGR of 6.44%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is public transportation?

Public transportation represents a system of transportation that is commonly available for use by the general public and generally provided by government bodies or private entities. It comprises several modes of travel, such as trains, trams, buses, subways, ferries, light rail, etc. Public transportation networks are specifically designed to serve communities by offering an affordable and convenient alternative to private vehicles. They operate on scheduled stops and routes, thereby allowing passengers to access numerous destinations within a city or region. Public transportation systems promote sustainable mobility, reduce traffic congestion, and minimize environmental impact by decreasing the number of individual vehicles on the road. They play a vital role in fostering social integration, enhancing accessibility, and supporting economic development.

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What are the growth prospects and trends in the public transportation industry?

The inflating need for reducing carbon emissions and the increasing consumer awareness towards climate change are primarily driving the public transportation market. Additionally, the widespread adoption of electric buses and trains that are more cost-effective as compared to owning and maintaining a private vehicle is further bolstering the market growth. Besides this, they also offer an affordable means of transportation for individuals who prefer not to bear the expenses associated with private vehicle ownership or cannot afford a car, which is acting as another significant growth-inducing factor. Moreover, the development of well-designed public transportation networks that provide convenience and time savings, especially in congested urban areas, is positively influencing the global market. Apart from this, the introduction of mobile ticketing, real-time tracking, and digital payment systems is anticipated to fuel the public transportation market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Mode Type:

Road
Rail
Others

Breakup by Booking Channel:

Online
Offline

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

BC Transit Corporation
Berliner Verkehrsbetriebe
Deutsche Bahn AG
FirstGroup Plc
Tobu Railway Company Ltd.
Transdev Group (Caisse des depots et consignations)
Transport International Holdings Limited
Trenitalia c2c Limited (Trenitalia UK Ltd.)

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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Motorized Quadricycle Market 2023 | Industry Trends, Share and Forecast 2028

According to the latest report by IMARC Group, titled, “Motorized Quadricycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global motorized quadricycle market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the motorized quadricycle market?

Report Attributes	Details
Market Size in 2022	US$ 926.5 Million
Market Forecast in 2028	US$ 1,868.3 Million
Growth rate (2023 to 2028)	CAGR of 11.90%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is motorized quadricycle?

A motor-operated quad-bike, also referred to as a quadricycle or quad bike, embodies a four-wheeled conveyance energized by either an electric motor or an internal combustion engine. It’s engineered to deliver a means of travel for both amusement and practical uses. Quad bikes present numerous benefits as they facilitate remarkable off-road proficiency, enabling operators to traverse demanding landscapes effortlessly. Guaranteeing amplified safety, these quadricycles are structured to provide steadiness and command. Quad bikes incorporate several security features, such as braking systems, front and rear lights, and back-view mirrors, to affirm secure usage. They are versatile vehicles with applications in various industries, including agriculture, leisure, tourism, and off-road adventures.

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What are the growth prospects and trends in the motorized quadricycle industry?

The growing popularity of this quad bike as a sustainable alternative to traditional internal combustion engine quadricycles, on account of its low emissions and reduced carbon footprint, is primarily driving the motorized quadricycle market. Furthermore, the escalating product demand in congested urban areas as a convenient and efficient transportation solution is positively influencing the global market. Apart from this, the widespread adoption of motorized quadricycles in agricultural and industrial applications, owing to their versatility and utility for farming, landscaping, or transportation within large facilities, is also augmenting the market growth. Moreover, the increasing availability of customization options as manufacturers give a range of models with numerous features, accessories, and design options, allowing customers to personalize quadricycles to suit their preferences and requirements, is acting as another significant growth-inducing factor. Besides this, several effective marketing and promotion strategies by dealers are creating awareness and generating interest in the product, which is expected to drive the motorized quadricycle market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights:

Light Quadricycle
Heavy Quadricycle

Propulsion Type Insights:

ICE (Internal Combustion Engine)
Electric

Price Range Insights:

Low
Mid
High

End Use Insights:

Household
Commercial
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Alke
SRL
Aixam-Mega (Polaris Inc.)
Bajaj Auto Ltd.
Tazzari GL Imola SPA
Renault Group
Ligier Group, etc.

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Boat Trailers Market 2023 | Industry Trends, Size and Forecast 2028

According to the latest report by IMARC Group, titled, “Boat Trailers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global boat trailers market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the boat trailers market?

Report Attributes	Details
Market Size in 2022	US$ 0.84 Billion
Market Forecast in 2028	US$ 1.1 Billion
Growth rate (2023 to 2028)	CAGR of 4.80%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is boat trailers?

Boat trailers are equipment that are used to transport, move, retrieve, and launch boats between various locations. They generally consist of several features, such as safety chains, an adjustable roll system, radial tires, non-marking dual-density rollers, torsion axle suspension, enclosed protected wiring, sealed-circuit LED lights, adjustable winch straps, etc. Boat trailers are produced by using a wide array of materials, such as steel and aluminum, that can be found in numerous capacities and colors. They offer affordability, durability, convenience for boaters, etc. Consequently, boat trailers are gaining extensive traction across the globe.

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What are the growth prospects and trends in the boat trailers industry?

The rising popularity of traveling near water bodies among individuals is primarily driving the boat trailers market. Additionally, the increasing consumer inclination towards spending vacations for leisure purposes that assist in relaxing the mind and body and the expanding travel and tourism industry are further bolstering the market growth. Besides this, the widespread adoption of boat trailers, as they provide enhanced convenience and flexibility for transporting boats to several places, such as lakes, rivers, sea, etc., is acting as another significant growth-inducing factor. Moreover, the growing number of water-based recreational activities, including kite surfing, yachting, skiing, and boating, and the escalating demand for personal boats with customized colors and designs that offer an attractive look are positively influencing the global market. Apart from this, the introduction of boat trailer variants that are more durable and can lift more weight is also stimulating the market growth. Furthermore, the elevating investments in port waterways infrastructures are anticipated to fuel the boat trailers market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

Bunk Trailers
Roller Trailers
Hybrid Trailers

Breakup by Material Type:

Aluminum
Galvanized Steel

Breakup by Load Capacity:

Up to 1,500 Kg
1,500 Kg-3,000 Kg
3,000 Kg-4,500 Kg
More than 4,500 Kg

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

EZ Loader Boat Trailers Inc.
HOSTAR Marine Transport Systems Inc.
Hydrotrans
Karavan Trailers Inc.
Load Rite Trailers Inc.
Venture Trailers

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Marine Adhesive Market 2023 | Industry Size, Share and Forecast 2028

According to the latest report by IMARC Group, titled, “Marine Adhesive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global marine adhesive market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the marine adhesive market?

Report Attributes	Details
Market Size in 2022	US$ 454.6 Million
Market Forecast in 2028	US$ 595 Million
Growth rate (2023 to 2028)	CAGR of 4.53%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is marine adhesive?

Marine adhesive represents a specialized type of glue that is usually formulated for use in marine environments. It is an essential element for various maritime applications where sealing, waterproofing, and bonding are necessary. Marine adhesive is specifically designed to survive the harsh circumstances seen in environments, including continuous exposure to humidity, very high or low temperatures, and the corrosive effects of seawater. It preserves its bonding strength even when exposed to or immersed in moisture. Marine adhesive shields the connected surfaces from water damage by averting water penetration and maintaining its tight connection. It produces a long-lasting and reliable seal that stops leaks from entering important marine construction or vessel spaces. Marine adhesive is extensively utilized for fiberglass, composites, metals, plastics, wood, and other materials.

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What are the growth prospects and trends in the marine adhesive industry?

The growing offshore exploration and the inflating need for vessel modernization and maintenance are primarily driving the marine adhesive market. Additionally, the rising usage of this type of glue in shipbuilding applications, including deck bonding, hull bonding, panel bonding, and structural bonding, is further bolstering the market growth. Besides this, the widespread adoption of marine adhesives to produce lightweight materials and fuel-efficient solutions is acting as another significant growth-inducing factor. Moreover, they offer an alternative to traditional mechanical fastening methods, thereby allowing for lighter-weight designs and improved fuel efficiency. Apart from this, the introduction of marine adhesives with superior performance characteristics, such as excellent resistance to salt, chemicals, water, and UV radiation, is also positively influencing the global market. Furthermore, the development of product variants that are free from volatile organic compounds (VOCs), hazardous substances, and heavy metals is anticipated to fuel the marine adhesive market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Resin Type Insights:

Epoxy
Polyurethane
Acrylic
Others

Substrate Insights:

Plastics
Composites
Metal
Others

Application Insights:

Deck Systems
Glazing
Panel Bonding
Others

End Use Insights:

Cargo Ships
Passenger Ships
Boats
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

3M Company
Bostik SA
Gurit AG
B. Fuller Company
Henkel AG & Co. KGaA
Huntsman International LLC (Huntsman Corporation)
Illinois Tool Works
Parson Adhesives Inc.
Scott Bader Company Ltd.
Sika Services AG (Sika AG), etc.

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A2P Messaging Market 2023 | Industry Trends, Growth and Forecast 2028

According to the latest report by IMARC Group, titled, “A2P Messaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global A2P messaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the A2P messaging market?

Report Attributes	Details
Market Size in 2022	US$ 66.9 Billion
Market Forecast in 2028	US$ 85.6 Billion
Growth rate (2023 to 2028)	CAGR of 4.1%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is A2P messaging?

Application-to-person (A2P) messaging represents a type of service that usually involves sending automated MMS or SMS messages via third-party applications run by an enterprise to customers over their smartphones or mobile devices. It generally enables an efficient means of communication for businesses to connect with their consumers easily. Some of the commonly used A2P messaging solutions include notifications, marketing campaigns, alerts, promotional codes, one-time passwords (OTP), and other bulk messages. They allow organizations to interact and engage with their consumer base more often in a more reliable, faster, and cost-effective manner. In recent times, A2P messaging has gained extensive traction as a popular sales and marketing communications tool for brands.

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What are the growth prospects and trends in the A2P messaging industry?

The growing adoption of this service by businesses for advertising purposes to promote brands, events, product launches, and other activities is primarily driving the A2P messaging market. Additionally, the rising penetration of smartphones and the rising focus on customer acquisition and engagement are further stimulating the market growth. Besides this, the escalating demand for A2P messaging, as it facilitates personalized, real-time, targeted, and automated communication between enterprises and customers, is acting as another significant growth-inducing factor. Moreover, the easy availability of high-speed internet is positively influencing the global market. Apart from this, the emerging trend of mobile advertising is also bolstering the market growth. Furthermore, the inflating need among organizations to offer improved customer service and interactions to stay competitive and the elevating popularity of e-commerce platforms are expected to propel the A2P messaging market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

Platform
A2P Service

Breakup by Deployment Mode:

On-premises
Cloud-based

Breakup by SMS Traffic:

National Traffic
Multi-Country

Breakup by Application:

Authentication Services
Promotional and Marketing Services
Pushed Content Services
Interactive Messages Services
Customer Relationship Management Services
Others

Breakup by End User:

BFSI
Retail and Ecommerce
E-Governance
Hyperlocal Businesses
Healthcare
Travel and Hospitality
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

BICS SA/NV (Proximus Group)
China Mobile Limited
Comviva (Tech Mahindra)
Infobip Ltd.
Monty Mobile
Orange S.A.
Route Mobile Limited
Sinch AB
Tata Communications Limited
Twilio Inc.

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Building and Construction Tapes Market 2023 | Industry Size and Forecast 2028

According to the latest report by IMARC Group, titled, “Building and Construction Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″ The study provides a detailed analysis of the industry, including the global building and construction tapes market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the building and construction tapes market?

Report Attributes	Details
Market Size in 2022	US$ 4.10 Billion
Market Forecast in 2028	US$ 5.36 Billion
Growth rate (2023 to 2028)	CAGR of 4.5%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is building and construction tapes?

Building and construction tapes refer to adhesive products designed to create a reliable bond with numerous surfaces, including wood, concrete, metal, and plastic. They are made using several raw materials, such as polyethylene (PE), polyvinyl chloride (PVC), acrylic, rubber, vinyl, foam, paper, etc. Building and construction tapes are widely used to seal and waterproof joints, reinforce structures, secure construction materials, protect surfaces, mark and delineate boundaries, and provide electrical insulation. They are highly versatile, user-friendly, and durable products that offer strong adhesion, save time, and withstand adverse environmental conditions, including ultraviolet (UV) rays, moisture, and temperature fluctuations.

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What are the growth prospects and trends in the building and construction tapes industry?

The rising consumer awareness regarding various product benefits, such as cost-effectiveness, ease of application, excellent durability, and long service life, is among the key factors driving the building and construction tapes market. Moreover, the implementation of strict government regulations to enhance safety standards in the construction industry and maintain appropriate building codes for the protection of occupants is also stimulating the market growth. Besides this, the inflating emphasis on energy efficiency and green building erection is facilitating product demand as it improves insulation, reduces energy losses, creates a healthy indoor environment, and increases the efficiency of heating, ventilation, and air conditioning (HVAC) systems, which is acting as another significant growth-inducing factor. Furthermore, the growing investments in infrastructural development projects and easy availability of the item across various e-commerce platforms are further propelling the global market. Apart from this, the rising focus on safety and hazard mitigation is anticipated to fuel the building and construction tapes market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

Double-Sided Tapes
Masking Tapes
Duct Tapes
Others

Breakup by Material Type:

Polyvinyl Chloride
Polyethylene Terephthalate
Polypropylene
Polyethylene
Foil
Paper
Foam

Breakup by Application:

Doors
Flooring
Roofing
Walls and Ceilings
Windows
Others

Breakup by End User:

Commercial
Residential
Industrial

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

3M Company
Avery Dennison Corporation
Berry Global Inc
Bostik SA (Arkema)
DuPont de Nemours Inc.
Henkel AG & Co. KGaA
Nitto Denko Corporation
Saint-Gobain Corporation
Scapa Group Plc.
Shurtape Technologies LLC
Tesa SE

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Gene Panel Market 2023 | Industry Trends, Size and Forecast 2028

According to the latest report by IMARC Group, titled, “Gene Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global gene panel market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the gene panel market?

Report Attributes	Details
Market Size in 2022	US$ 864.75 Million
Market Forecast in 2028	US$ 2,233.06 Million
Growth rate (2023 to 2028)	CAGR of 16.3%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is gene panel?

Gene panel refers to a laboratory test used to analyze a set of genes with variants known to be associated with the development of a disease or a collection of clinical symptoms under investigation. It aids in detecting mutations in specific genes in a tissue sample that may increase the risk of a disorder, including cancer, in an individual. Gene panel sequencing is usually performed using next-generation sequencing (NGS) technology. Compared to sequential single-gene sequencing, whole-exome sequencing (WES), and whole-genome sequencing (WGS), gene panel is faster and more cost-effective. It is gaining immense traction across the globe.

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What are the growth prospects and trends in the gene panel industry?

The increasing incidences of hereditary disorders and cancer are primarily driving the gene panel market. Furthermore, the escalating demand for efficient diagnostic methods among clinicians to understand the genetic predisposition of any cancer or other known genetic disorders to determine better disease prognostics and therapeutics is also augmenting the market growth. Apart from this, the growing popularity of predesigned and customizable gene panels and direct-to-consumer genetic testing kits that do not require wide laboratory setup or personnel is positively influencing the global market. Moreover, numerous biopharmaceutical and biotechnology companies are investing in extensive research and development (R&D) activities to introduce targeted therapies for cancer treatment, which is further bolstering the market growth. Besides this, the rising need for gene panels in pre-gestational, prenatal, and neonatal screening procedures is acting as another significant growth-inducing factor. Additionally, the launch of screening programs by government bodies of several countries and continuous technological advancements in diagnostics services and methods are expected to drive the gene panel market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Products and Services Insights:

Test Kits
Testing Services

Technique Insights:

Amplicon-based Approach
Hybridization-based Approach

Design Insights:

Predesigned Gene Panel
Customized Gene Panel

Application Insights:

Cancer Risk Assessment
Diagnosis of Congenital Diseases
Pharmacogenetics
Others

End User Insights:

Academic and Research Institutes
Hospital and Diagnostic Laboratories
Pharmaceutical and Biotechnology Companies

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Agilent Technologies Inc.
BGI Genomics Co. Ltd. (BGI Group)
Eurofins Scientific SE
Hoffmann-La Roche AG
Genewiz LLC (Azenta Inc.)
Illumina Inc.
Integrated DNA Technologies Inc. (Danaher Corporation)
Novogene Co. Ltd.
Qiagen N.V.
Thermo Fisher Scientific Inc., etc.

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Used Truck Market 2023 | Industry Trends, Size, Growth and Forecast 2028

According to the latest report by IMARC Group, titled, “Used Truck Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global used truck market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the used truck market?

Report Attributes	Details
Market Size in 2022	US$ 43.22 Billion
Market Forecast in 2028	US$ 54.12 Billion
Growth rate (2023 to 2028)	CAGR of 3.65%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is used truck ?

A used truck, also called as a pre-owned or second-hand truck, refers to a vehicle that has been previously owned and operated by one or more owners before being put up for sale. It is widely available as light, medium-duty, and heavy-duty trucks for numerous purposes according to the payload capacities. Used trucks are cost-effective compared to purchasing a new truck and help in improving the safety of products and providing easy hauling and towing tasks. As a result, they are utilized in the agriculture, construction, oil and gas, logistics, and manufacturing industries across the globe.

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What are the growth prospects and trends in the used truck industry?

The widespread adoption of high-performance, safe, and comfortable second-hand motor vehicles by individuals are among the key factors driving the used truck market. Moreover, the escalating demand for hybrid and electric heavy-duty pre-owned trucks amidst businesses across several countries is also stimulating the market growth. Besides this, the rising usage of used motor vehicles in the agriculture industry for reducing manual labor, increasing productivity, improving crop yields, and enhancing the overall efficiency of farming operations is acting as another significant growth-inducing factor. Furthermore, the wide availability of various models of second-hand trucks across the globe is further propelling the global market. Apart from this, the elevating need for pre-owned motor vehicles, on account of the growing number of small and medium-sized businesses, is positively influencing the market growth. Additionally, the escalating demand for the product in the construction and logistics industries, owing to the low costs compared to the new trucks and the rising freight across these sectors, is anticipated to fuel the used truck market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Vehicle Type:

Light Trucks
Medium-duty Trucks
Heavy-duty Trucks

Breakup by Sales Channel:

Franchised Dealer
Independent Dealer
Peer-to-peer

Breakup by End User:

Construction
Oil and Gas
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

AB Volvo
International Used Truck Centers
Mascus (Ritchie Bros. Auctioneers)
PACCAR Inc.
Renault Group
TrueCar Inc.
Volkswagen AG

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Cloning & Mutagenesis Market 2023 | Industry Size, Trends and Forecast 2028

According to the latest report by IMARC Group, titled, “Cloning & Mutagenesis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global cloning & mutagenesis market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the cloning & mutagenesis market?

Report Attributes	Details
Market Size in 2022	US$ 2.4 Billion
Market Forecast in 2028	US$ 6.4 Billion
Growth rate (2023 to 2028)	CAGR of 17.3%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is cloning & mutagenesis?

Cloning and mutagenesis refer to two crucial techniques used in the field of biotechnology. Cloning represents the process of making an identical copy of a Deoxyribonucleic Acid (DNA) sequence, typically using a vector (including a plasmid) to insert the sequence into a host organism (such as bacteria). On the other hand, mutagenesis is often utilized to study the function of specific genes or to create new variants with altered properties. In recent times, these important techniques have gained traction as they are critical tools that have revolutionized numerous areas of biotechnology and have enabled researchers to study genes and proteins for the development of novel therapeutics, agricultural products, and industrial processes.

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What are the growth prospects and trends in the cloning & mutagenesis industry?

The growing prevalence of chronic and genetic disorders across the globe is primarily driving the cloning and mutagenesis market. Furthermore, the escalating demand for personalized medicines as they involve tailoring medical treatment to an individual genetic makeup, which is performed through these crucial techniques, is also augmenting the market growth. Apart from this, the widespread adoption of cloning and mutagenesis in the biotechnology and pharmaceutical industries to develop new drugs, vaccines, and therapeutic proteins is positively influencing the global market. Moreover, several advancements in genetic engineering technologies that have made these important techniques more efficient, precise, and cost-effective are further bolstering the market growth. Besides this, the increasing applications of genetically modified organisms (GMOs) in agriculture for producing insect-resistant and herbicide-tolerant seeds and in the medical industry are acting as significant growth-inducing factors. Additionally, government bodies of various countries and private organizations are investing in research and development (R&D) in the biotechnology field, which is expected to drive the cloning and mutagenesis market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Product Insights:

Cloning Kits
Mutagenesis Kits

Technology Insights:

Topo PCR Cloning
Blunt End Cloning
Seamless Cloning
Site-directed Mutagenesis
Others

End User Insights:

Biopharmaceutical and Pharmaceutical Companies
CROs and CMOs
Academic and Research Institutes

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

ABM Industries Inc.
Agilent Technologies Inc.
Assay Genie Limited
Bio-Rad Laboratories Inc.
Charles River Laboratories International Inc. (Bausch & Lomb)
Genewiz Inc (Azenta Life Sciences)
Jena Bioscience GmbH
Merck KGaA
New England Biolabs Inc.
Promega Corporation
Takara Bio Inc.
Thermo Fisher Scientific Inc.
TransGen Biotech Co. Ltd., etc.

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Automotive Speedometer Cable Market 2023 | Industry Trends and Forecast 2028

According to the latest report by IMARC Group, titled, “Automotive Speedometer Cable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global automotive speedometer cable market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the automotive speedometer cable market?

Report Attributes	Details
Market Size in 2022	US$ 1,773.93 Million
Market Forecast in 2028	US$ 2,498.18 Million
Growth rate (2023 to 2028)	CAGR of 6.10%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is automotive speedometer cable?

An automotive speedometer cable is flexible cable connected to the transmission gearbox, which transmits the rotational speed to the speedometer, a device that measures and displays the speed of a vehicle. Automotive speedometer cables work by using electromagnetism to rotate a magnet inside the speed cup within the speedometer casing. This rotation is then translated into a visual speed reading on the speedometer dial. The automotive speedometer cables enable the accurate calculation and display of the vehicle’s speed while in motion. Consequently, it finds widespread applications across the globe.

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What are the growth prospects and trends in the automotive speedometer cable industry?

The automotive speedometer cable market is primarily driven by the increasing production of heavy-duty vehicles across countries for utilization in industrial and commercial purposes. Additionally, the escalating installation of automotive speedometers to enhance passenger and driver safety, on account of the rising number of accidents, is acting as another significant growth-inducing factor. Apart from this, the implementation of stringent road safety regulations by government bodies aimed at controlling road rushing and speeding is also positively influencing the market growth. Moreover, the expanding e-commerce sector and the inflating demand for delivery services and online shopping are leading to an increase in the number of commercial vehicles, which is further fueling the market growth. Besides this, the elevating availability of automotive speedometer cables in various forms and dimensions, tailored to vehicle tire size and rear gear ratio, the growing logistics industry, and the shifting preferences toward efficient container trucks with sufficient amount of storage space is expected to bolster the market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Stainless Steel Material
Rubber Material
Plastic Material

Breakup by Application:

OEM
Aftermarket

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

ATP Automotive
S. International
Silco Automotive Solution LLP
Speedy Cables (London) Ltd.

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