Mese: giugno 2023

Pickup Truck Market Size, Share & Demand Report 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Pickup Truck Market by Fuel Type (Diesel, Petrol, Electric, and Other), Vehicle Type (Light-Duty, Heavy-Duty), Application (Individual Use, Commercial Use), and Region 2023-2028” The study provides a detailed analysis of the industry, including the global pickup truck market size, share, 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 pickup truck market?

The global pickup truck market size reached US$ 202.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 238.6 Billion by 2028, exhibiting a growth rate (CAGR) of 2.6% during 2023-2028.

What is a pickup truck?

A pickup truck is a light-duty motorized vehicle with two axles equipped with an enclosed cabin and a back end of a shipment bed encircled by three low walls with no roof. It also has a rearward gate that opens outward, allowing for easy loading and unloading of goods. It is also employed for hauling and towing carriages and transporting items. In addition, it offers advantages such as easy maintenance, high horsepower, torque, and greater capacity. Moreover, it has enormous cargo spaces, making it ideal for numerous commercial uses such as warehouses and distribution centers to transport and deliver goods. As a result, pickup trucks are widely adopted for personal and commercial use across the globe.

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

The market is primarily driven by the growing preference for small-size utility trucks due to their compact sizes, better mobility, and affordability. In addition, the escalating demand for pickup trucks due to rapid urbanization, increasing disposable income, and the increasing popularity of off-roading events and participation in recreational activities and adventure sports are contributing to the market growth. In line with this, the significant expansion in the travel and tourism industry due to the easy availability of pickup truck rental services in tourist destinations is influencing the market growth. Moreover, the widespread adoption of electric and battery-operated pickup trucks to reduce carbon (CO2) emissions due to the growing demand for fuel-efficient and high-performance vehicles and the increasing awareness regarding the economic and ecological benefits of electric pickup trucks due to the rising prices of petrol represents other major growth-inducing factors.

Besides this, the increasing demand for hybrid light-duty pickup trucks due to their benefits, such as improved mileage, light materials, small engines, and regenerative braking systems, is accelerating the product adoption rate. Apart from this, the pickup truck market is growing at different rates in numerous regions, with North America being the largest market due to increasing demand for fuel-efficient vehicles, incorporation of advanced safety features, and favorable government policies to use electric vehicles (EVs) across the regions. Moreover, the industry is expected to face competition in the upcoming years as numerous key players are implementing competitive strategies to sustain their presence in the market. For instance, in June 2021, Ford Motor introduced a new compact truck called Maverick. This model offers great value and is equipped with a standard 2.5L full hybrid engine or an optional 2.0L EcoBoost engine while featuring a 4G LTE Wi-Fi hotspot and an eight-inch Bluetooth display.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Fuel Type Insights:

  • Diesel
  • Petrol
  • Electric
  • Other

Vehicle Type Insights:

  • Light-Duty
  • Heavy-Duty

Application Insights:

  • Individual Use
  • Commercial Use

Breakup by Region:

North America (U.S. Canada)

Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)

Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)

Latin America (Brazil, Mexico)

Middle East Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Ashok Leyland Ltd.
  • Ford Motor Company
  • General Motors Company
  • Great Wall Motors
  • Isuzu Motors Limited
  • Mahindra Mahindra Ltd
  • Mitsubishi Motors Corporation
  • Tata Motors Limited
  • Toyota Motor Corporation
  • Volkswagen AG.

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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 Group’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.

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Hybrid Cloud Market Size, Share | Industry Forecast 2023-28

IMARC Group, a leading market research company, has recently releases report titled “Hybrid Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global hybrid cloud 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 hybrid cloud market?

Report Attributes Details
Market Size in 2022 US$ 104.2 Billion
Market Forecast in 2028 US$ 312.6 Billion
Growth rate (2023 to 2028) CAGR of 19.1%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is a hybrid cloud?

A hybrid cloud is a cloud computing environment made of on-premises, private, and third-party, public cloud services. It comprises a public infrastructure as a service platform and private computing resources, such as on-premises data centers, and network connections. It enables the enterprise to deploy the most sensitive workloads in an on-premises cloud and allows the organization to host less critical resources on a third-party cloud provider to get the benefits of both private and public cloud models. Apart from this, it includes the network, hosting, and web service features of an application and offers resource options that make it easier for provision, deploying and scaling resources to meet demand spikes. It also allows organizations to migrate workloads from their traditional infrastructure and the public cloud of the vendor whenever necessary, which aids in high flexibility and cost-effectiveness. In addition, as a hybrid cloud provides high resiliency and interoperability by facilitating businesses to run workloads redundantly in both private and public environments, its demand is rising across the globe.

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What are the growth prospects and trends in the hybrid cloud industry?

At present, rapid digitization and the proliferation of cloud computing services in fintech represent one of the key factors positively influencing the market. Moreover, the rising adoption of hybrid cloud in banking financial services, and insurance (BFSI) is currently bolstering the growth of the market. They are used to manage application portability to provide a unified and flexible distributed computing environment for easy scaling. Hybrid cloud banks can reduce the risks of compromising data security by adopting a private cloud environment for sensitive information and a public one for other records. Besides this, hybrid cloud decreases network latency when banks use them at edge servers, which is catalyzing their demand worldwide.

In addition, hybrid clouds enable organizations to maintain control over data and provide enhanced scalability of operations, which is fueling the growth of the market. Moreover, the introduction to advanced technologies, such as artificial intelligence (AI), the internet of things (IoT), and machine learning (ML), is propelling the growth of the market. AI helps in automation, integration, and management of data regardless of its storage In addition, AI aids in automatically selecting and sequencing the pre-packaged skills needed to perform any task, which, in turn, helps workers perform routine actions, such as scheduling meetings, mission-critical data, and procuring approvals more quickly. Furthermore, the escalating demand for agile, scalable, and cost-effective computing systems is projected to create a positive market outlook in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

  • Solutions
  • Services

Breakup by Service:

  • Professional Services
  • Managed Services

Breakup by Service Type:

  • Cloud Management and Orchestration
  • Disaster Recovery
  • Hybrid Hosting

Breakup by Service Model:

  • Infrastructure as a Service
  • Platform as a Service
  • Software as a Service

Breakup by Organization Size:

  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises

Breakup by Vertical:

  • Government and Public Sector
  • Healthcare
  • Banking, Finance, Services and Insurance (BFSI)
  • Retail
  • Information and Communication Technology
  • Manufacturing
  • Others

Breakup by Region:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Alibaba Group Holding Limited
  • Amazon Inc.
  • Century Link Inc.
  • Cisco Systems Inc.
  • Citrix Systems Inc.
  • Dell Technologies Inc.
  • DXC Technology Company
  • Fujitsu Ltd. (Furukawa Group)
  • Google (Alphabet Inc.)
  • Hewlett Packard Enterprise Company
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Rackspace Inc.
  • VMWare Inc.

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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 Group’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.

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Food Service Equipment Market Size, Share & Trends | 2028

IMARC Group, a leading market research company, has recently releases report titled “Food Service Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global food service equipment 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 food service equipment market?

The global food service equipment market size reached US$ 36.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 49.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

What is food service equipment?

Food service equipment includes the tools, utensils, crockery, and cutlery that help in preparing, storing, and serving food. It is usually available in numerous types according to food service areas. For instance, storage racks, trolleys, measuring cups, etc., are used for food storage. Food service equipment also includes modular gas, fryers, wet grinders, molding machines, etc., which are utilized to prepare and cook food items. Presently, automated multi-use equipment finds extensive applications for making food at home or restaurants while reducing human efforts and time.

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What are the growth prospects and trends in the food service equipment industry?

The increasing consumption of fast food, the elevating levels of urbanization, and the inflating disposable income levels of consumers are primarily driving the food service equipment market. Furthermore, the rising health consciousness among consumers, in addition to the growing focus on enhancing food safety by cafes and restaurants, is propelling the product demand. Apart from this, various government bodies of several countries are implementing stringent food control standards to ensure and safeguard public health and hygiene, which is further catalyzing the market growth. Moreover, the accelerating popularity of food tourism and luxury hotels is also augmenting the global market. In the coming years, the escalating adoption of smart equipment that aids restaurants in cutting down wastage, improving traceability, reducing costs, etc., is expected to fuel the food service equipment market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Product Type Insights:

  • Cooking Equipment
  • Storage and Handling Equipment
  • Warewashing Equipment
  • Food and Beverage Preparation Equipment
  • Serving Equipment

Distribution Channel Insights:

  • Online
  • Offline

End Use Insights:

  • Full-service Restaurants and Hotels
  • Quick-service Restaurants and Pubs
  • Catering

Breakup by Region:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • AB Electrolux
  • Ali group s.r.l. a socio unico
  • Alto-Shaam Inc.
  • Cambro Manufacturing
  • Comstock-Castle Stove Co. Inc
  • Dover Corporation
  • Duke Manufacturing
  • Illinois Tool Works Inc.
  • The Middleby Corporation
  • Welbilt

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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 Group’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.

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Automated Fare Collection Market Size | Share Report 2021-2026

IMARC Group, a leading market research company, has recently releases report titled Automated Fare Collection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 The study provides a detailed analysis of the industry, including the global automated fare collection 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 automated fare collection market?

The global automated fare collection market reached a value of US$ 6.3 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.4% during 2021-2026.

What is an automated fare collection?

The automatic fare collection (AFC) refers to a ticketing system used in public transport and enables the payment for a fare through vending machines and online services. It consists of depot/station computers, central clearing house, fare media, back-office systems, and devices to read/write media. AFC systems conduct reliable, integrated and accurate fare collection to maintain a smooth passenger flow at peak hours. They offer various benefits, including reduced fraud chances, decreased cash payments, low investment costs, and a seamless customer experience.

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What are the growth prospects and trends in the automated fare collection industry?

The growing need for an integrated system for ticketing in public transport networks is primarily fueling the global AFC market growth. The increasing establishment of smart city projects across the globe is further escalating demand for efficient AFC systems. Besides this, the rising requirement for an interoperable fare management system in multi-operator public transports is driving the market growth. Moreover, the increasing utilization of contactless bank cards, particularly in developing nations, is creating a positive outlook for the AFC market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

  • Hardware
  • Software and Services

Breakup by System Type:

  • Ticket Vending Machine (TVM)
  • Ticket Office Machine (TOM)
  • Fare Gates
  • IC Cards

Breakup by Technology:

  • Smart Card
  • Magnetic Stripe
  • Near Field Communication (NFC)
  • Others

Breakup by Application:

  • Railways and Transportation
  • Parking
  • Entertainment
  • Others

Breakup by Region:

  • North America (U.S. Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Advanced Card Systems Limited (HNA Technology Investments Holdings)
  • Atos SE
  • Cubic Corporation
  • Indra Sistemas SA
  • Nippon Signal Co. Ltd.
  • NXP Semiconductors N.V.
  • Omron Corporation
  • Scheidt Bachmann GmbH
  • Siemens AG, Sony Corporation
  • STMicroelectronics
  • Thales Group

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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 Groups 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 companys expertise.

Contact US

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134 N 4th St. Brooklyn, NY 11249, USA

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Drug Abuse Testing Market Trends & Forecast by 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Drug Abuse Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global drug abuse testing market size, share, 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 drug abuse testing market?

Report Attributes Details
Market Size in 2022 US$ 6.6 Billion
Market Forecast in 2028 US$ 9.8 Billion
Growth rate (2023 to 2028) CAGR of 6.9%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is drug abuse testing?

Drug abuse refers to the deliberate consumption of illegal substances or the overconsumption of prescribed psychoactive and over-the-counter (OTC) medications. It can affect the mind and body and cause several disorders, including addiction. As a result, drug abuse is diagnosed by using numerous testing methods to treat related problems effectively. Drug abuse testing also aids in managing the mental status of a patient, handling seizure cases in the emergency room, identifying children and newborns at risk of exposure to illicit drugs, etc. It also finds extensive applications in workplaces where job applicants can be tested for drug usage before being hired.

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What are the growth prospects and trends in the drug abuse testing industry?

The growing drug dependency and substance abuse among individuals for their mind-altering characteristics, medical, non-therapeutic and medicinal uses, and other purposes, such as weight loss, enhancing athletic performance, etc., are primarily driving the drug abuse testing market across the globe. In addition to this, the rising awareness about the harmful consequences of drug abuse, which can create prominent safety and health hazards and reduce the productivity and morale of an individual, is further propelling the product demand. Besides this, the escalating need for screening of employees and job applicants for providing a safe workplace and complying with stringent laws and regulations passed by government bodies is acting as another growth-inducing factor. Additionally, the improving technologies utilized by pain management and opioid dependency clinics are fueling the demand for urine drug testing, which is catalyzing the market growth. Moreover, the emergence of automated testing and analysis for drugs of abuse with at-home testing kits is projected to drive the global drug abuse testing market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

  • Analyzers
    • Immunoassays Analyzers
    • Chromatographic Devices
    • Breath Analyzers
  • Rapid Testing Devices
    • Urine Testing Devices
    • Oral Fluid Testing Devices
  • Consumables
  • Laboratory Services

Breakup by Sample:

  • Urine
  • Oral Fluid (Saliva)
  • Hair
  • Breath
  • Others

Breakup by End User:

  • Hospitals
  • Diagnostic Laboratories
  • Forensic Laboratories
  • Workplaces
  • Others

Breakup by Region:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Abbott Laboratories
  • Bio-Rad Laboratories Inc.
  • Danaher Corporation
  • Drägerwerk AG & Co. KGaA
  • Hoffmann-La Roche AG
  • Laboratory Corporation of America Holdings
  • Omega Laboratories Inc.
  • Quest Diagnostics Incorporated
  • Siemens AG
  • Thermo Fisher Scientific Inc.
  • United States Drug Testing Laboratories Inc.

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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 Group’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.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

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Liquefied Petroleum Gas Market Size | Share Report 2023-28

IMARC Group, a leading market research company, has recently releases report titled “Liquefied Petroleum Gas (LPG) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global liquefied petroleum gas (LPG) 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 liquefied petroleum gas (LPG) market?

The global liquefied petroleum gas (LPG) market size reached US$ 134.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 170.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

What is a liquefied petroleum gas (LPG)?

Liquified petroleum gas (LPG) is a flammable mixture of hydrocarbon gases that includes propane and butane. It is considered to be a clean and efficient source of energy that is portable and commonly used as fuel across various application segments. It is obtained during the process of oil and natural gas production and is liquefied through pressurization. It is stored and supplied in canisters, cylinders and bulk storage tanks for various domestic and industrial applications. It is extensively being utilized as the preferred energy source across the chemical, automotive and manufacturing sectors.

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What are the growth prospects and trends in the liquefied petroleum gas (LPG) industry?

Rising environmental consciousness represents one of the primary factors driving the global market growth. In line with this, LPG is used as an effective alternative to fossil fuels, which is contributing to its widespread utilization across industries. Furthermore, significant growth in the automotive industry is creating a positive market outlook. Because LPG is utilised as an autogas in the automotive industry to reduce carbon emissions, it is a major growth element. Other factors, such as the implementation of various government initiatives to promote the usage of LPG, are driving the market toward growth further.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Source:

  • Refinery
  • Associated Gas
  • Non-Associated Gas

Breakup by Application:

  • Residential
  • Commercial
  • Refinery and Petrochemical
  • Transportation
  • Others

Breakup by Supply Mode:

  • Packaged
  • Bulk and On-site

Breakup by Region:

North America (U.S. & Canada)

Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)

Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)

Latin America (Brazil, Mexico)

Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Bharat Petroleum Corporation Limited
  • BP P.L.C.
  • Chevron Corporation
  • China Gas Holdings Ltd.
  • Exxon Mobil Corporation
  • Origin Energy Limited
  • Petroliam Nasional Berhad
  • Phillips 66 Company
  • Repsol S.A.
  • Royal Dutch Shell PLC
  • Valero Energy Corporation.

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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 Group’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.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

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Construction Equipment Market Share | Size | Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled Construction Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 The study provides a detailed analysis of the industry, including the global construction equipment market trends, share, size, 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 construction equipment market?

The global construction equipment market size reached US$ 182.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 245.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

What is construction equipment?

Construction equipment, also called heavy equipment, refer to specialized machines that are designed for executing infrastructural projects. They usually comprise ditches, graders, pumps, tractors, bulldozers, excavators, cranes, trenchers, derricks, loaders, backhoes, etc. Construction equipment also include generators, concrete mixers, scrapers, pavers, pile drivers, haulers and trucks, compactors and rollers, etc. They aid in improving worker safety, enhancing productivity, reducing downtime caused by errors, etc. Construction equipment can be rented from several third-party providers to eliminate the hassle of maintaining various heavy machinery and minimize the overall costs of large projects. They enable builders and contractors to remove human involvement in numerous labor-intensive and dangerous tasks, which cause additional risks and errors in operations. Consequently, construction equipment are widely utilized for hauling, compacting, dozing, grading, leveling, placing material, transferring heavy loads, excavating and digging the ground, etc.

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What are the growth prospects and trends in the construction equipment industry?

The rising number of public-private partnerships (PPP), which are joint ventures between government bodies and private sector companies for building various infrastructure systems, is primarily driving the construction equipment market. Additionally, the escalating demand for inventory management solutions to conserve time and reduce monetary expenses is further bolstering the market growth. Besides this, the introduction of energy-efficient and eco-friendly construction devices, which have a low carbon footprint and cause minimum ecological degradation, is acting as another significant growth-inducing factor. Moreover, the widespread adoption of compact product variants, which are easy to handle, provide excellent movability, require minimum maintenance, etc., is also positively influencing the global market. Apart from this, the development of automation technologies that help in tracking the productivity of these devices from remote platforms, including mobile apps and computer software, is anticipated to fuel the construction equipment market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Solution Type:

  • Products
  • Services

Equipment Type Insights:

  • Heavy Construction Equipment
  • Compact Construction Equipment

Type Insights:

  • Loader
  • Cranes
  • Forklift
  • Excavator
  • Dozers
  • Others

Breakup by Region:

  • North America (U.S. Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • AB Volvo
  • Caterpillar Inc.
  • CNH Industrial N.V.
  • Deere Company
  • Doosan Infracore
  • Hitachi Construction Machinery
  • Komatsu Ltd.
  • Liebherr-International AG

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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 Groups 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 companys expertise.

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Global Smart Sensor Market Size, Industry Share | Trends 2028

IMARC Group, a leading market research company, has recently releases report titled “Smart Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global smart sensor 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 smart sensor market?

The global smart sensor market size reached US$ 49.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 107.8 Billion by 2028, exhibiting a growth rate (CAGR) of 14% during 2023-2028.

What is a smart sensor?

A smart sensor is an electronic device that takes input from external sources and relies on built-in compute resources to perform predefined functions. It comprises primary sensors, microcontrollers, transducers, amplifiers, excitation control systems, analog filters, and compensators. It also includes software-defined elements that provide different functions, such as digital processing, data conversion, and communication, to external devices. It has multi-sensing, smart calibration, self-identification, amplification, data control, and remote monitoring capabilities. It offers numerous advantages as compared to basic models, such as high reliability and performance, minimum interconnecting cables, scalable and flexible system, small rugged packaging, and minimum cost.

It enables a more accurate and automated collection of environmental data, which is used for monitoring and controlling mechanisms, such as smart grids, navigation systems, autonomous driving, wearable health monitoring devices, transport and logistics, telecommunications, and remote system monitoring. At present, smart sensors are integrated with the internet of things (IoT) and find extensive applications in fingerprint recognition, pattern recognition, telecommunication, press control, and micro-electromechanical systems (MEMS).

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What are the growth prospects and trends in the smart sensor industry?

Expanding industrial automation due to technological advancements across the globe represents one of the key factors influencing the market positively. Smart sensors are used in electronic devices for advanced digital interfaces in various manufacturing units. They accurately measure environmental conditions, such as temperature, light, humidity, and biometric pressure to keep status updates for vital processes in manufacturing. They also assist in monitoring vibrations to evaluate utilization rates, which maximize the capacity of several devices. In addition, smart sensors are widely used in automotive vehicle safety devices, including cameras, radio detection and ranging (RADAR), light detecting and ranging (LiDAR), and ultrasonic and vision-based sensors. This, along with high-definition mapping systems, is positively influencing the market. Smart sensors are increasingly offering solutions in the healthcare sector, which include early detection, management, and prevention of chronic diseases, such as cardiovascular diseases and cancer.

Additionally, the widespread adoption of smart sensors in wearable objects that help monitor the physical parameters of the body and provide clinically relevant data for care are propelling key players to introduce advanced product variants in the market. Apart from this, 3D smart sensors are widely used in vision-guided robot systems to execute real-time control decisions and make them adoptable for unique environment applications. Moreover, various cost-effective product innovations, such as printed, organic, miniaturized, and lightweight smart sensors, are propelling the market growth. In line with this, favorable government policies to increase electronics manufacturing are strengthening the market growth. Furthermore, the high demand for smart sensors in research and development (R&D) areas, such as environmental analysis, robotics, biomedicines, and pharmaceuticals, is anticipated to drive the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

  • Touch Sensor
  • Image Sensor
  • Temperature Sensor
  • Motion Sensor
  • Position Sensor
  • Pressure Sensor

Breakup by End User:

  • Automotive
  • Consumer Electronics
  • Infrastructure
  • Healthcare
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • ABB Ltd.
  • Analog Devices Inc.
  • Eaton
  • Honeywell International Inc.
  • Infineon Technologies AG
  • NXP Semiconductors
  • Renesas Electronics Corporation
  • Robert Bosch GmbH
  • Siemens AG
  • STMicroelectronics
  • TDK Corporation
  • Texas Instruments Incorporated.

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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 Group’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.

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Glycolic Acid Market, Industry Size ,Growth | Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled “Glycolic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global glycolic acid 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 glycolic acid market?

The global glycolic acid market size reached US$ 425.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 642.8 Million by 2028, exhibiting a growth rate (CAGR) of 7.15% during 2023-2028.

What is glycolic acid?

Glycolic acid (C2H4O3) stands for an alpha hydroxy acid (AHA) that is derived from various plants, including grapes, sugar beets, pineapple, etc. It is colorless, odorless, soluble in water, non-volatile, etc. Glycolic acid is commonly utilized as an exfoliant in skincare products, such as cleansers, moisturizers, serums, face masks, etc., to prevent acne, fade hyperpigmentation, remove dead skin cells, etc. It is used in leather tanning, textile and metal processing, fabric dyeing, printing, etc. Apart from this, it also finds applications as an etching agent in oil well operations.

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What are the growth prospects and trends in the glycolic acid industry?

The increasing influence of social media, inflating income levels, and growing focus on physical appearances are driving the demand for skin care products, which is primarily augmenting the glycolic acid market. Moreover, glycolic acid is also utilized in the food and beverage (FB) industry as a preservative, flavoring agent, and adhesive for packaging products. In addition to this, increasing environmental concerns are encouraging the manufacturing of economic and biodegradable cleaning products, which utilize glycolic acid. Additionally, several key manufacturers are investing in research and development (RD) activities to improve product efficacy and effectiveness. Furthermore, the rising usage of glycolic acid in the production of biomedical devices, such as staples, sutures, implants, meshes, etc., is expected to fuel the global glycolic acid market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Source:

  • Synthetic
  • Natural

Breakup by Purity Level:

  • 99% Purity
  • 70% Purity
  • 60% Purity
  • 30% Purity
  • Others

Breakup by Application:

  • Personal Care and Cosmetics
  • Household
  • Textile
  • Food Processing
  • Pharmaceuticals
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Avid Organics
  • CABB Group GmbH
  • China Petrochemical Corporation
  • CrossChem Limited
  • Mehul Dye Chem Industries
  • Merck KGaA
  • Parchem fine and specialty chemicals
  • The Chemours Company
  • Tokyo Chemical Industry Co. Ltd
  • Water Chemical Co. Ltd
  • Zhonglan Industry Co. 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 Group’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.

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Global Green Coatings Market Size, Share | Industry Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled “Green Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global green coatings 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 green coatings market?

The global green coatings market size reached US$ 86.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 112.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.

What is green coatings?

Green coatings are a type of eco-friendly coatings that emit negligible levels of volatile organic compounds (VOCs) during the manufacturing process. They are available in different forms, such as water-based paints, high-solid paints, powder coatings, and radiation-hardened coatings. These coatings are produced using natural materials, including vegetable oil, soybean, castor oil, milk, and clay. They help reduce the harmful effects of infrared and ultraviolet (UV) radiation and also improve the efficiency of the equipment. As a result, green coatings find extensive applications across the construction, automotive, oil and gas, mining, aviation, aerospace, and marine industries across the globe.

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What are the growth prospects and trends in the green coatings industry?

The global green coatings market is primarily driven by the implementation of strict government regulations concerning the emission of VOCs. Moreover, the rising use of green coatings as protective and decorative paints on various surfaces due to rapid expansion in the construction industry is positively influencing market growth. Additionally, the increasing use of green coatings on consumer products, such as HVAC units, furniture, fixtures, and electronic boxes, has catalyzed market growth. Furthermore, key players are investing heavily in research and development (R&D) activities to develop innovative and cost-effective product variants that offer superior water and chemical resistance, low drying time, and antibacterial and anti-odor properties are contributing to the market growth. Other factors, including the rising adoption of waterborne and powder-based coatings, ongoing infrastructural development, and rapid industrialization, are also anticipated to propel the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

  • Waterborne
  • Powder
  • High Solid
  • UV Cured

Breakup by Application:

  • Architectural Coatings
  • Industrial Coatings
  • Automotive Coatings
  • Wood Coatings
  • Packaging Coatings
  • Others

Breakup by Region:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Akzo Nobel N.V.
  • Asian Paints Limited
  • Axalta Coating Systems Ltd.
  • BASF SE
  • Hempel A/S
  • Jotun
  • Kansai Paint Co. Ltd.
  • Koninklijke DSM N.V.
  • Nippon Paint Holdings Co. Ltd.
  • PPG Industries Inc
  • The Sherwin-Williams Company.

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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 Group’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.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

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