Research Report

  Future Market Insights (FMI) projects that the global  railway bearings market  will grow in value at a CAGR of 5.7% between 2020 and 2030. According to the study, as governments invest significantly to improve railway infrastructure, demand for locomotive components, including railway bearings is likely to grow. Moreover, the availability of a wide range of railway bearings – such as cylindrical, tapered, angular contact, etc. – enables adoption based on diverse application-specific requirements. Owing to the expansion of railway networks, there is a high demand for high-reliability and low-maintenance bearings that can withstand harsh physical conditions. According to the study, market players are directing their focus towards the innovation of advanced bearings. Manufacturers are coating bearings with ceramic or polymers to give insulation properties and are opting for other innovations. Request a Sample of this Report @   https://www.futuremarketinsights.com/re...

  Future Market Insights (FMI) sees impressive prospects for automotive aftermarket in APEJ. It has forecast the market to  US$   254.5 Bn  by the end of 2031. Auto-components are subjected to abrasions and wear-outs by end use. Hence the need of repair and replacement of automotive components in existing vehicles has created an aftermarket system, consisting of multiple vendors providing the respective components. The type of vendors range from tier-1 multinational to small scale domestic vendors. Several factors such as expansion of the auto-components industry and the penetration of aftermarket services are anticipated to drive the APEJ automotive aftermarket during the forecast. FMI has projected sales of automotive parts to account for leading share of the market. According to the report, segment comprising parts will account for over 65% of the market in 2021. The  APEJ automotive aftermarket  is expected to gain significantly from the advent of IOT e...

  Impact of COVID-19 on Industry The automotive market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. The market growth declined drastically when the manufacturing units experienced shutdowns for months and a deficiency in raw materials supply and shortage of human resources Owing to the ongoing crisis caused by the COVID-19 pandemic, the production, and supply chain activities have seen a minor slump. However, the market is likely to face a swift turnaround as the economy starts to stabilize. Future Market Insights has adopted multi-disciplinary approach to shed light on the evolution of the  Automotive Actuator Market  during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of  2017 , and key prospects over the forecast period  2018 to 2028 . Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analys...

  As per ESOMAR-certified consulting firm Future Market Insights’ (FMI’s) recent market analysis, growth is on the cards for the global  automated guided vehicles (AGV) market . The report forecasts the market valuation to reach  US$ 996 Mn  in 2021, growing at an impressive  7.9% CAGR  through 2031. Rapid urbanization and adoption of industrial automation within logistics, transportation, and healthcare industry across the globe will propel sales. Owing to the growing need of automation, the market experienced year-on-year growth at  5.4%  in 2020-21. Request a Sample of this Report @   https://www.futuremarketinsights.com/reports/sample/rep-gb-1541 Growing automation in material handling solutions will enhance growth prospects during the forecast period. Also, laser-guided AGVs will gain immense popularity among manufacturers as they offer greater precision and reliability. Reduction in labor costs, human errors, and round-the-clock accessi...

  The  ADAS calibration equipment market  has been significantly impacted by the ongoing coronavirus pandemic in 2020. Restrictions on operations and supply chains of the global automotive industry in addition to shortages of manpower and components owing to supply chain disruptions has limited short term growth of the industry. According to analysts from Future Market Insights (FMI), the ADAS calibration equipment industry is expected to display a very impressive 11.4% CAGR for the assessment period between 2020 and 2030. As per the latest report the market is likely to gain ground with investments in the automotive industry towards technology needed for autonomous driving functions. The ADAS calibration equipment sector will largely display an upward trajectory for the duration of the projection period, driven by frequent innovations in ADAS camera and sensor technology and product development investments by calibration equipment manufacturers. On the other hand, the hi...