Technology Industry Insight: Automotive and Transportation

Showing posts with label Automotive and Transportation. Show all posts

Thursday, 12 March 2020

Material Handling Equipment Telematics Market Hit USD 7.6 Billion by 2025: Grand View Research, Inc.

12-Mar-2020: The global material handling equipment telematics market size is expected to reach USD 7.6 billion by 2025, according to a study conducted by Grand View Research, Inc., exhibiting a CAGR of 11.7% during the forecast period. Technological advancements in the field of telematics and improved connectivity services have resulted in increased integration of telematics solutions in off-highway equipment.

Rising number of sensor nodes being embedded in the equipment are used to transmit real-time data and collect a variety of information regarding equipment’s location, fuel consumption, and distance traveled, among others. This data is further being used by fleet operators to make prompt business decisions and improve their operational efficiency. Material handling equipment telematics solutions are also increasingly enabling operators to monitor and manage fleet operations in real time to improve cost savings, productivity, and customer gratification.

Material handling equipment telematics solutions are being increasingly integrated into a range of equipment used in the construction, agriculture, manufacturing, and mining industries. The adoption of telematics solutions in the construction sector is especially rising as numerous OEMs are deploying these solutions in their products for added benefits such as keeping an effective track of equipment performance, reduction in fuel consumption, and theft reduction. This trend is expected to have a positive impact on the growth of the global material handling equipment telematics market.

However, lack of advanced networking technologies in developing regions, which are required for enabling reliable and high-speed connected infrastructures, is likely to present substantial concerns regarding data privacy and data security. This will, thus, hinder the adoption of telematics in material handling equipment. Furthermore, concerns such as complexity of deployment of telematics solutions and lack of standardization are also expected to hamper growth prospects of the market.

In depth research report on Material Handling Equipment Telematics Market

https://www.grandviewresearch.com/industry-analysis/material-handling-equipment-telematics-market

Further key findings from the study suggest:

· In 2017, the truck telematics segment accounted for over 20.0% of the overall revenue.; Growing concerns related to vehicle security, safety, and traffic congestion are expected to drive the growth of the truck telematics segment

· In regions such as North America and Europe, wireless connectivity infrastructure is well-developed, facilitating widespread investments in telematics solutions among fleet operators.

· North America is projected to dominate the market through 2025, whereas Asia Pacific will register the highest growth during the same period

· Some of the prominent players in the material handling equipment telematics market are TomTom International BV, ORBCOMM, MiX Telematics, Teletrac Navman US Ltd., Omnitracs, and Zonar Systems.

· These players are focused on collaboration opportunities with numerous stakeholders and innovations through increased resources diverted towards R&D activities.

Grand View Research has segmented the global material handling equipment telematics market based on product and region:

Material Handling Equipment Telematics Product Outlook (Revenue, USD Million, 2014 - 2025)

· Aerial Work Platform

· Forklift

· Truck Mounted Forklift

· Articulated Forklift

· Side Loader

· Other

· Crane

· Port Crane

· Truck mounted Crane

· Others

· Earthmoving Equipment

· Spreader

· Articulated Wheel Loader

· Farm Implements

· Road Work Vehicle

· Self-propelling AG machine

· Others

· Truck

· Military Vehicle

· Trailer

· Others

· Tractor

· Terminal Tractor

· Tow Tractor

· Others

· Telehandler

· Others

· Sweeper & Scrubber

· Personnel & Burden Carrier

· Power Generation/Light Station

· Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/automotive-and-transportation

About Grand View Research

Grand View Research, Inc. is the U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Utility Trucks Market Hit USD 127.46 Billion by 2030: Grand View Research, Inc.

12-Mar-2020: The global utility trucks market size is expected to reach USD 127.46 billion by 2030 expanding at a CAGR of 7.7% over the forecast period, according to a study conducted by Grand View Research, Inc. Growing adoption of dump trucks in the construction and mining industry, focus on solid waste management and sustainable infrastructure, and technological advancements propelling the demand for advanced fire trucks are among the key factors responsible for the market growth.

Government initiatives to curb the rising toll of fire incidents and growing emphasis on worker safety have also contributed to the market growth. According to World Bank Group, effective waste management occupies around 20 to 50% of the overall municipal budgets. On account of growing population, rapid urbanization, and increasing solid waste generation, countries across the globe are investing significantly in implementing effective solid waste management plans. This is boosting the demand for garbage trucks, thereby supporting market growth.

Rising expenditure of fire departments across various nations due to need for replacing aging vehicle fleets is also expected to bolster the demand. The Asia Pacific region is expected to lead the utility truck market from 2018 to 2030 owing to increasing investments in construction and mining sectors, rising focus on sustainable infrastructure, and growing awareness about and implementation of solid waste management across the region. The government is making significant investments in the development of public and private infrastructure. Such initiatives are expected to result in an exponentially rising demand for utility trucks, such as garbage, dump, and sweeper trucks.

In depth research report on Utility Trucks Market

https://www.grandviewresearch.com/industry-analysis/utility-trucks-market

Further key findings from the study suggest:

· Dump trucks are expected to lead the global utility truck market owing to their extensive usage in the construction and mining industry for hauling heavy construction wastes

· Asia Pacific is expected to be the largest regional market owing to significant investments in the development of public infrastructure by the regional governments

· North America is expected to exhibit a significant CAGR over the forecast period on account of the presence of key manufacturers, such as BYD Motors, Inc., in the region

· Prominent companies in the market include AB Volvo; Bucher Industries; BYD Motors, Inc.; Daimler AG; Oshkosh Corp.; and Rosenbauer International AG

Grand View Research has segmented the global utility truck market on the basis of product, engine type, and region:

Utility Trucks Product Outlook (Revenue, USD Million, 2015 - 2030)

· Garbage

· Front Loader

· Rear Loader

· Side Loader

· Fire

· Dump

· Sweeper

· Street Sweeper

· Compact Sweeper

Utility Trucks Engine Type Outlook (Revenue, USD Million, 2015 - 2030)

· ICE (Diesel, Gasoline, Hybrid, CNG)

· Electric

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/automotive-and-transportation

About Grand View Research

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Friday, 15 November 2019

Dump Trucks Market Hit USD 72.4 Billion by 2025: Grand View Research, Inc.

15-Nov-2019: The global dump trucks market size is expected to reach USD 72.4 billion by 2025 at an 8.6% CAGR during the forecast period, according to a study conducted by Grand View Research, Inc. Growing construction and mining activities, increased government spending on sustainable infrastructure, and technological advancements propelling demand for advanced dump trucks are anticipated to drive the market. The demand for these vehicles is linked to rising population, urbanization, and infrastructure developments. Increasing construction and mining activities in Asia Pacific, especially in India, China, and Australia, will drive the market over the forecast period.

The use of coal and other minerals for industrial applications is likely to increase over the next decade, thereby complementing the growth of the mining industry, which is further expected to drive the market. Autonomous haul trucks have the potential to improve performance, reduce cost, and improve safety to overcome challenges at mining sites. Also, electric and advanced dump trucks are in great demand owing to global concerns over reduction of carbon emission from passenger and commercial vehicles. Therefore, governments of various countries have made it mandatory for automotive manufacturers to comply with emission standards to reduce their carbon footprint. This, along with numerous R&D activities for integration of advanced battery technologies, is likely to augment demand of electric dump trucks over the forecast period.

Such factors are pushing automotive OEMs and technology companies to develop vehicles that are cost-effective and aid in emission reduction. For instance, Komatsu America Corp. announced the launch of a 400-ton haul truck with an electric drive system. The product has significant features like enhanced productivity, high power performance, superior operating comfort, and improved safety. Additionally, it eliminates fuel consumption and hence contributes to reduction in carbon emission.

Asia Pacific accounted for the largest revenue share in 2018 owing to large-scale mining activities in the region. China being one of the largest producers of coal in the world, accounted for the majority share in the global dump truck market. Mining dump trucks are used to haul, transport, and deliver raw material from one site to the other. North America will register the highest CAGR owing to construction activities that make use of these vehicles for hauling of heavy materials, land moving, and carrying construction and demolition waste.

In depth research report on Dump Trucks Market

https://www.grandviewresearch.com/industry-analysis/dump-trucks-market

Further key findings from the report suggest:

· The global market is expected to develop at a CAGR of 8.6% from 2019 to 2025 and reach USD 72.4 billion by 2025. Rising construction activities due to increased investments in infrastructure will drive the market over the forecast period

· Based on type, rear dump trucks dominated the market and the segment is expected to continue the trend over the forecast period, registering a CAGR of 7.9%

· Asia Pacific held the largest share in the overall dump truck market and accounted for USD 28.2 billion in 2018. Increasing construction and mining activities in the region, especially in India, China, and Australia, is anticipated to drive the market through 2025

· Key players include AB Volvo, Komatsu Ltd., Daimler AG, and Caterpillar. These companies accounted for the majority share in the overall market in 2018.

Grand View Research has segmented the global dump truck market on the basis of type, engine type, end use, and region:

Dump Trucks Type Outlook (Revenue, USD Million, 2015 - 2025)

· Rear

· Side

· Roll-off

Dump Trucks Engine Type Outlook (Revenue, USD Million, 2015 - 2025)

· Internal Combustion Engine

· Electric Engine

Dump Trucks End-use Outlook (Revenue, USD Million, 2015 - 2025)

· Construction

· Mining

· Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/automotive-and-transportation

About Grand View Research

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Tuesday, 22 October 2019

Increasing Digitalization is Expected to drive the Transportation Management System Market

22-Oct-2019: The global transportation management systems market size is expected to reach USD 198.82 billion by 2025, at a CAGR of 16.2%, according to a new report by Grand View Research, Inc. The emerging growth of the retail and e-commerce sector and the increasing need for automation and technology in supply chain and logistics are driving the adoption of transportation management system (TMS). Advancements in digital technologies which have led to the implementation of cloud transportation management systems, Internet of Things (IoT), predictive analytics, Artificial Intelligence (AI) solutions, and blockchain technology facilitate the market growth. In addition, the high Return on Investment (RoI) on the implementation of a TMS module is drawing a large number of players to the market, which is expected to drive the growth.

Logistics and supply chain companies are significantly investing in the deployment of the latest technologies in their transportation management systems to make optimum use of the high volume of data produced daily. AI is extensively used by logistics companies to enhance real-time decision-making abilities related to cost, carriers, inventories, and the availability of cargos and shipments. Big data-driven applications have already emerged to help streamline the logistics industry on a global scale.

The need for visibility, scalability, and flexibility across the supply chain is a major driving force for the transportation management system market. With the growth in the e-commerce industry around the world, the online retail market is developing rapidly, and customers are looking for highly personalized retail experiences, which subsequently helps drive the market. As the logistics and transportation sectors continue to grow, the need for faster, smarter, and more efficient shipping services becomes crucial, which is expected to make a significant contribution to the growth of the market.

There has been a rise in the competition among various module developers due to the introduction of technologies such as AI and blockchain. These technologies significantly contribute to the improvement of transportation management systems. Companies are making huge investments in their technological R&D to improve payment processing, freight location monitoring, and order fulfillment. Automation in logistics is gaining a lot of importance in the market, and module developers see this as a significant market opportunity. It would prove important for companies to embrace these technologies over the coming years to maintain a competitive position in the TMS market.

In depth research report on Transportation Management Systems Market

https://www.grandviewresearch.com/industry-analysis/transportation-management-systems-market

Further key findings from the report suggest:

· Increasing digitalization and growth of the e-commerce industry in emerging economies are expected to drive the transportation management system market over the forecast period

· The Cloud TMS segment is expected to register the highest CAGR of 17.2% over the forecast period

· Growing investments in railway infrastructure are expected to fuel the overall market growth in the forthcoming years

· North America held the largest market share in 2018. The increasing import and export activities between U.S. and Canada, U.S. and Mexico, and U.S. and other countries are expected to drive the market

· Key players including Oracle Corporation; SAP SE; The Descartes Systems Group, Inc.; and JDA Software Inc. among others accounted for a majority share of the overall market in 2018

Grand View Research has segmented the global transportation management system market on the basis of deployment mode, mode of transportation, end user, and region:

Transportation Management Systems Deployment Mode Outlook (Revenue, USD Billion, 2015 - 2025)

· On-Premise

· Cloud

Transportation Management Systems Mode of Transportation Outlook (Revenue, USD Billion, 2015 - 2025)

· Roadways

· Railways

· Waterways

· Airways

Transportation Management Systems End User Outlook (Revenue, USD Billion, 2015 - 2025)

· Retail & E-commerce

· Manufacturing

· Logistics

· Government Organizations

· Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/automotive-and-transportation

About Grand View Research

For more market analysis reports, please visit: http://www.grandviewresearch.com/