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Vietnam Electric Bus Market Is Dominated By Northern Region And It Is Expected To Lead By 2027

Increasing adoption of advanced charging technology for electric buses and increasing urbanization in the country drives the Vietnam Electric Bus Market through 2027.

According to TechSci Research report, “Vietnam Electric Bus Market - Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027”, Vietnam electric bus market is rapidly gaining pace in all regions. The growing popularity of electric buses on the road in all regions of Vietnam is driving up demand for buses. Growing need for low-emission and fuel-efficient buses is driving up market demand for electric vehicles. Owing to Vietnam's expanding infrastructure, which is expected to support steady economic growth and rising personal disposable incomes, the infrastructure for electric buses is also growing in the country. The market for electric buses in Vietnam is also influenced by the widespread use of zero emission vehicles penetration.

There is a high demand for electric buses in transportation fleets due to growing urbanization and pollution levels, which has led to an increase in the use of electric passenger vehicles. Additionally, strict requirements for manufacturers to produce fuel-efficient and environment-friendly electric cars are encouraging the growth of the Vietnam electric bus industry. Furthermore, the need for transportation has increased as a result of growing urbanization, particularly in developing countries such as Vietnam, which is also supporting the market for electric buses within the country. Vinbus and Star Charge signed a contract in November 2020 to supply smart charging technologies for charging stations.

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Global trade is disrupted by the COVID-19 pandemic. Even though the business sector was badly damaged, Vietnamese government took rapid and efficient pandemic containment measures to lessen the damage.  Furthermore, the pandemic had a significant impact on the automotive industry and the sales decreased by 60%. Moreover, this hinders investment in the market for electric vehicles. Hanoi city needs to invest more than 887 million USD to replace all diesel and gasoline-powered buses with electric alternatives in the subsequent years.

Battery packs are considered to be an important investment component that affects the market's long-term growth. Reducing battery costs are a top priority for electric bus producers because they account for 65-70% of the total cost of the bus. Vinfast invested USD 174 million in a VinES battery manufacturing facility in Ha Tinh city in December 2021. This facility has the capacity to manufacture 100,000 lithium-Ion battery packs yearly. As a result, more electric buses are anticipated in the upcoming years, which will expand the overall market.

On the basis of on seating capacity, 31-40 seater buses dominate the market and it is expected to lead in the upcoming years, followed by above 40 seater buses for long distance travel. Based on application, intracity travel is dominating the market. Based on length of the bus, 9-12 m segment is leading the market followed by above 12 m. In 2021, Northern region dominated the market for electric buses in Vietnam and it is expected that it will continue to lead the Vietnam electric bus market during the forecast period, followed by southern region and then central region.

The Vietnam Electric Bus Market can be segmented on the basis of seating type, battery type, application, bus length, and region. Based on seating capacity, the market is segmented into up to 30 seater, 31-40 seater, above 40 seater. Based on battery type, the market is bifurcated into lead acid and lithium ion. On the basis of application, the market is segmented into intercity, intracity, and airport bus. On the basis bus length, the market is segmented into 6-8 m, 9-12 m, and above 12 m.

Some of the major companies operating in the Vietnam Electric Bus Market include:

Vingroup JSC

The key players have been developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers with tech firms, new product developments, and marketing activities to increase customer outreach.

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“The market for electric buses is being driven by an expansion of the charging infrastructure and the development of more advanced battery packs with longer range and lower cost. As more competitors enter the market and provide high range and low-cost vehicles, the use of electric buses for intracity as well as intercity travel is projected to grow during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Vietnam Electric Bus Market By Seating Capacity (Up to 30, Seater 31-40, Seater Above 40), By Battery Type (Lead Acid, Lithium ion), By Application (Intercity, Intracity, Airport Bus), By Bus Length (6-8 m, 9-12 m, Above 12 m), By Region, Competition Forecast & Opportunities, 2018-2027” has evaluated the future growth potential of Global Electric Bus Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global automotive battery management system market.

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According to the TechSci Research report, "Philippines Tire Market-Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F", the market is anticipated to be valued at USD 0.90 billion in 2022, registering a CAGR of 5.68% in the 2023E-2028F. Automotive tyres are pneumatic structures that are mounted on the rims of vehicles to transfer the vehicle's drive to the ground. Natural rubber, synthetic rubber, wire, and fabric are used to make tyres. Each tyre model is distinguished by a distinct rubber composition with varying degrees of hardness and temperature resistance. Steel mesh is attached to the rubber on the outside (the part that contacts the road) and the inside of tyres (the part that contacts the wheel). This improves the tire's durability and hardness, reducing the likelihood of a blowout. Click : https://www.techsciresearch.com/report/philippines-tire-market/5125.html The Philippines Tire Market is growing because of rising automotive sales and technological advancement. As tire manufacturers increasingly focus on developing and manufacturing high-tech tires for automobiles in the Philippines, technological advancements play an important role in the development of the Philippines tire market. One of the driving factors is rising disposable income and people's high standard of living. People's rising incomes have resulted in an increase in automotive sales in the country, and as a result, tire demand is rising. Furthermore, the disposable income level of the Philippines' middle-class population is rising, which has significantly increased demand for sedans over the years, is driving the Philippine tire market even further.

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Mezzanine Floor Market  2027 | What is Mezzanine Floor Design Industry

Increasing demand for more space in warehouses and storage running system is driving the mezzanine floor market in the forecast period of 2022-2027.

According to TechSci Research report,"Mezzanine Floor Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2017–2027” The global mezzanine floor market is anticipated to register vigorous growth during the forecast period, 2022-2027.The mezzanine floor provides a second level for more storage space used for multi-purpose like office, storage, room, etc. Mezzanine floors are constructed to provide a comfortable work environment and freedom. Probable variants of mezzanine floors are modular mezzanine shelving racks, single or modular mezzanine racks at the ground, and plain mezzanine at the top for office or modular mezzanine plain mezzanine.

The use of modular mezzanine shelving and racking allows for excellent storage utilization, which multiplies the amount of floor space that can be used and speeds up order processing due to the additional levels enable the creation of additional order picking aisles, storage, manufacturing, and area for assembly or office use. The system includes stairs, but there is also the ability to link the walkways on various tiers using a material lift. Plain shelf or flow shelving for the FIFO (First in, first out) system is provided on racks.

Outdoor or outside mezzanine levels are becoming more recognition. These buildings can be created to satisfy the requirements of many organizational departments, including server rooms, waiting rooms, conference rooms, and cafeterias. Moreover, in 2021, outside mezzanine floor constructions accounted for around 20% of the worldwide market growth. For instance, the e-commerce start-up Shopify powers more than 1 million online enterprises globally, including those in the consumer goods, apparel, footwear, and beverage industries. The building of logistics and distribution facilities will be fuelled by the ongoing expansion of online shopping, which is going to increase industrial demand.

Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on Global Mezzanine Floor Market

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In terms of geographical performance, the size of the European mezzanine floor market is expected to grow in the year 2022 - 2037. With the progressive rise and expansion of the e-commerce sector, the regional industry is witnessing significant growth potential. For packing, return services, and storage & shipping, e-commerce companies, need warehouses. A mezzanine floor may be easily incorporated into any current design to enhance the facility since it is a very adjustable construction.

The global mezzanine floor market is divided into Floor type, Construction, and application. Based on Floor Type, the market is divided into free-standing, rack-supported, and concrete. Based on Construction, the market is segmented into Indoor, Outdoor. Based on application, the market is divided into retail, 3pl, e-commerce, manufacturing, food & beverage, and healthcare.

Based on Floor Type, free-standing, rack-supported, and concrete. Due to its characteristics, such as damp resistance, low maintenance costs, and quick building times, the concrete mezzanine segment is expected to see a significant CAGR through 2030.

Based on Application, manufacturing segments are expected to dominate the market in the forecast period due to increased manufacturing and warehouse renting rates. After the manufacturing segment e-commerce sector is expected to grow due to an increase in online services, especially after COVID-19. Customers are using more and more shopping facilities; hence, manufacturers need more space to store the goods.

Based on Construction, the market is divided into two segments indoor and outdoor. The outdoor market is expected to increase in the future due to the demand for Construction, business, industries, e-commerce applications and storage of material. The outdoor mezzanine floor can be big or as tiny as you need. They are perfect for elevating any project above the effects of variable weather and provide a more covered and secure space for outdoor activities.

A list of major market players in the Global mezzanine floor market: -

Daifuku Co., Ltd.

Jungheinrich AG

MiTek Mezzanine Systems Inc.

SSI Schaefer Group

Stanley Black & Decker Inc.,

Mecalux S.A,

MezzaTech

Stow International

STILL GmbH.

Konvex Storage Solution

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"The network of distribution centres and warehouses is rising due to the proliferation of e-commerce platforms. Free-standing mezzanines are now more in demand for warehouses and distribution hubs. Globally widespread internet use is propelling the growth of online shopping. For instance, the United States will see a tremendous increase in online merchants due to the 307 million active internet users there as of 2022 due to which market is expected to grow in the forecast period." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"Mezzanine Floor Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” Segmented By Floor Type (Free Standing, Rack Supported, Concrete), By Construction (Indoor, Outdoor), By Application (Retail, 3PL, E-Commerce, Manufacturing, Food & Beverage, Healthcare), By Region" has evaluated the future growth potential of global mezzanine floor market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global mezzanine floor market.

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Electric Bike Market Share | North American Electric Vehicle Market Growth 2023

Strict government policies related to vehicle emission standards along with rising environmental concern to aid growth of North America electric two-wheeler market by 2023

According to TechSci Research report, “North America Electric Two Wheeler Market, By Vehicle Type, By Battery Capacity, By Battery Type, By Country, Competition Forecast & Opportunities, 2013 - 2023”, North America electric two-wheelers market is projected to witness a CAGR of more than 8% through 2023. Anticipated growth in the market is led by technological advancements in electric two-wheelers as well as their battery systems. Moreover, governments of different countries in North America are providing subsidies on electric vehicles, which is further increasing their demand across the region. Few of the leading electric two-wheeler companies operating in North America are Yadae Group Holdings Ltd, AIMA Technology Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Zhenjiang Luyuan Electric Vehicle, and Dongguan Tailing Electric Vehicle Co. Ltd., among others.

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On the basis of battery type, North America electric two-wheeler market is segmented into lead acid and li-ion battery. Lead acid battery segment dominated the market in 2017 and is anticipated to continue its dominance during forecast period as well on account of their economical prices. Among vehicle types, electric scooters/mopeds segment leads the North America electric two-wheeler market with a volume share of over 60% in 2017. Rising focus on development of advanced electric vehicle battery systems is further anticipated to aid North America electric two-wheeler market over the next five years.

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“Growth in demand for electric two-wheelers has been witnessed over the past few years in North America, owing to several government initiatives to promote the use of electric two-wheelers.  Moreover, with continuously rising pollution levels, the need for cleaner automobiles with low emissions is also increasing, thereby fuelling demand for electric vehicles. Additionally, expanding dealer & distribution network of leading electric two-wheeler companies across North America along with increasing penetration of Chinese players would further propel growth in the region’s electric two-wheeler market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“North America Electric Two Wheeler Market, By Vehicle Type, By Battery Capacity, By Battery Type, By Country, Competition Forecast & Opportunities, 2013 - 2023” has analyzed the potential of electric two-wheeler market in North America region, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by North America electric two-wheeler market.

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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Commercial Sector to Dominate the United States Facility Management Market During the Forecast Period

Government projects and upcoming sporting events are expected to drive the United States facility management market growth during the forecast period.

According to TechSci Research report, “United States Facility Management Market - By Region, Competition Forecast & Opportunities, 2018-2028,” the United States Facility Management Market is expected to register robust growth during the forecast period, 2023-2028. Facility Management (FM) is a multidisciplinary profession dedicated to ensuring the functionality, safety, comfort, and efficiency of the built environment through the integration of people, processes, places, and technology. FMs contribute through their responsibility to maintain the organization's most important and valuable assets, including assets, equipment, buildings, and other environments that house personnel, productivity, inventory, and other operational elements contribute to revenue.

Facilities management solutions are used to reduce operating costs and improve efficiency across an organization. Increasing adoption of facilities management in the corporate, residential, and educational sectors is projected to drive the facilities management market over the forecast period. Additionally, growing demand for disinfection, cleaning, spot sterilization, and workplace-specific disinfection standards is driving the global facility management market. The growing popularity of Software-as-a-Service (SaaS) and cloud-based facility management solutions is also fueling the demand for facility management services. The construction industry is growing rapidly owing to industrialization and population growth around the world. Governments of various countries have invested heavily in infrastructure development such as stations, airports, commercial buildings, and ports. This is a key growth driver for the facility management market. Facility management software is widely used to reduce the running costs of maintaining and managing various facilities and bring convenience and safety to people.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on the "United States Facility Management Market".

The United States Facility Management Market is segmented into service, type, industry, end user, and sectors. Based on service, the market is divided into property, cleaning, security, support, catering, and others. Based on end user, the market is further segmented into commercial, residential, industrial, public sector. During the projected period, the commercial segment is expected to dominate the market. Commercial construction serves business purposes through new buildings such as offices and new industrial facilities. Service providers provide all the basic building infrastructure such as window cleaning, elevator maintenance, building repairs, door and ceiling painting and maintenance. Flexible workplaces with sustainable IT infrastructure have exploded over the years in the Northeastern United States. The region has some of the cleanest programs, mechanisms, and policies that promote the adoption of green technology. Professional cleaning services in the United States are experiencing growth due to the growing popularity of “green cleaning technology.” The use of sustainable detergents, including special chemicals, equipment and technology, are contributing significantly to the growth of the market.

Based on sectors, the market is segmented into education, healthcare, real estate, banking, hospitality, housing, and others. During the projected period, the healthcare segment is expected to dominate the market.. The healthcare system has developed into one of the major sectors due to the increasing number of patients and rising healthcare costs in the public and private sectors of the healthcare system. According to data released by the Centers for Medicare and Medicaid Services (CMS), US national health care spending is expected to reach nearly USD6.0 trillion by 2027. Healthcare spending is growing tremendously, with various facilities being developed in hospitals and clinics for the benefit of patients. In the United States, the healthcare industry (hospitals, nursing homes, etc.) is increasingly outsourcing facility management services to specialize third-party facility management providers. The number of Americans aged 65 and over is projected to nearly double from 52 million in 2018 to 95 million by 2060, rising from 16% to 23% of the total population. A higher percentage of older people in the population require more healthcare services than the young ones. Such issues can be handled efficiently using facility management services, which are expected to grow during the forecast period.

Key market players in the United States Facility Management Market: -

CBRE Group, Inc.

Cushman & Wakefield plc

Sodexo, Inc.

Jones Lang LaSalle Incorporated

Emeric Facility Services

ISS Facility Services, Inc.

Guardian Service Industries, Inc.

SMI Facility Services

Shine Management & Facility Services

AHI Facility Services, Inc  

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"The United States shows potential with its infrastructure with several government initiatives & projects. As the US is set to host the two most important global sporting events during the forecast period, one being 2028 summer Olympics and other one being FIFA 2026 world cup, the FM market is set to have a ton of projects. Healthcare has always been a key issue in the country and any additional initiative will only boom the industry," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“United States Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By Type (Hard Services and Soft Services), By Industry (Organized, Unorganized), By End User (Commercial, Residential, Industrial, Public Sector), By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others) By Region, Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of United States Facility Management Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities United States Facility Management Market.

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According to TechSci Research report, “Aircraft Engine Shaft Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global aircraft engine shaft market is anticipated to grow at a significant rate in the forecast period, 2023-2027. The market is driven by the rise in the demand for cost-effective and fuel-efficient aircraft across the globe. Most of the original equipment manufacturers and aircraft manufacturers are constantly looking for solutions that can help develop fuel-efficient aircraft to lower fuel consumption. The aircraft engine shaft connects the fan section, compressor, and engines together and transfers the energy from the back of the engine to drive the front. That means it should be able to transfer forces from the turbine all the way down to the compressor and fan. Therefore, due to its crucial function in the aircraft, it is expected to witness massive demand from all over the globe.

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Global electric commercial vehicle market is anticipated to grow at a robust growth rate of 19.43% during the forecasting period, owing to sustainable government regulations. China, being the largest electric commercial vehicle producer and market in the world, it is expected to grow at a CAGR of 13.52% during the forecast period.

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An electric shock can lead to fatal situations such as paralysis of the brain, ventricular fibrillation, and the heart muscle. Due to economic development, the government is investing in building electric poles, towers, below-ground wires & cables, line switches, transformers, and other electrical equipment.

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With CAGR of 19.43% | Electric Commercial Vehicle Market Size, Growth Analysis Report 2027

Increase in environmental concerns, supportive government policies and regulations regarding EV adoption along with subsidies, decreasing battery prices, and advancement in charging technologies will lead to the growth of electric commercial vehicle all over the world during the forecast period.

According to TechSci Research report, “Electric Commercial Vehicle Market- Global Industry Size By Vehicle Type, By Propulsion Type, By Range, By Region, Competition, Forecast & Opportunities, 2017-2027F”, Global electric commercial vehicle market is anticipated to grow at a robust growth rate of 19.43% during the forecasting period, owing to sustainable government regulations. China, being the largest electric commercial vehicle producer and market in the world, it is expected to grow at a CAGR of 13.52% during the forecast period. According to the Government of China, it is planning to improve the productivity of electric commercial vehicles. China, which is the world's largest producer and consumer of electric commercial vehicles, has a dominance in the EV market. Their government has taken initiative, including providing subsidies for EV buyers, enacting laws requiring all automakers to produce EVs in proportion to the volume of vehicles they produce, providing significant funding for the installation of EV charging stations throughout major cities, and enacting regulations against excessively polluting vehicles. The EV market has also been expanding in Japan and South Korea. Their governments installed EV charging stations, created pollution standards, established deadlines for switching from ICE vehicles to full or hybrid EVs, and other measures to assist the growth of EV demand. India is striving to enhance its EV market demand.

Global electric commercial vehicle market is classified based on vehicle type, propulsion type, range, and region. Based on propulsion type the market is segmented into hybrid electric vehicle, battery electric commercial vehicle, plug-in hybrid electric commercial vehicle, fuel cell electric commercial vehicle. Based on vehicle type, the market is segmented into light commercial vehicles and bus and trucks. Increase in demand for electric light commercial vehicles is attributed to the increasing deployment for these vehicles in logistic services.

Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Electric Commercial Vehicle Market"

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In terms of propulsion type, FCEV has the fastest growing segment during the forecast period. In the forecasted period, the hybrid electric vehicle segment will account for the highest volume of the market. During the forecast period, the battery electric commercial vehicle market is anticipated to register a CAGR of 18.94%. The expansion of the hybrid vehicle market can be ascribed to ongoing technological advancements that have improved fuel economy and decreased emissions.

On the basis of range, market is segmented among 0-150 miles, 151-250 miles, 251-500 miles, and 500 miles & above. The widespread usage of electric trucks and buses, particularly for applications in public transportation and freight services, is primarily responsible for this market segment's rapid expansion. A wide range of EVs, including light commercial vehicles such as vans, pickup trucks, and utility vehicles, have range between 151-250 Miles. The surge in fuel prices and government measures to reduce fleet emissions of buses and vehicles are driving the use of such EVs.

Asia-Pacific is the largest region for electric commercial vehicles owing to high adoption of electric vehicles in China. China accounted for largest market share in 2021 in Asia-Pacific, with 50% of global sales, China has become the world's largest market for electric commercial vehicles owing to subsidies on their purchase.

Due to the implementation of lockdown to prevent COVID-19 pandemic, sales of electric commercial vehicles in the end of first quarter of 2020 and substantially in second quarter fell in most of the countries affecting current year’s performance. Nevertheless, in most of the regions across the globe, the market rapidly recovered at the end of second quarter and became wholesome in the third quarter. Hence, giving positive outlook to the market forecast of year 2022.

Major players operating in global electric commercial vehicle market are BYD Auto Co., Ltd., The General Motors Company, Tesla, Inc., SAIC Motor Corp., Ltd., Nikola Motor Co., Rivian, Volvo Trucks, Renault–Nissan–Mitsubishi Alliance, Ford Motors Corporation, and Toyota Motor Corporation. Players are developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.

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SAIC Motor Corp., Ltd. dominated the market in the year 2021, due to its remarkable dealership network, which offers a wide range of economical yet qualitative products with adaptive technological demands of their customers as well as withstanding government’s safety norms. The demand for electric commercial vehicles is anticipated to increase globally in the coming years, on account of growing e-commerce delivery services and the increasing need for greater fuel-efficient vehicles.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Global Electric Commercial Vehicle Segmented By Vehicle Type (Light Commercial Vehicle, Bus, Truck), By Propulsion Type  (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle, By Range (0-150 Miles, 151-250 Miles, 251-500 Miles, 500 Miles & Above), By Region, Competition, Forecast & Opportunities, 2017-2027F,” has evaluated the future growth potential of global electric commercial vehicle market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Electric Commercial Vehicle Market.

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Reverse Mode Two Wheeler Market Growth, Size, and Trends Analysis Report 2027

Rising disposable income supports the growth of the Global Reverse Mode Two Wheeler Market.  

According to TechSci Research report, “Reverse Mode Two Wheeler Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”. Global reverse mode two wheeler market is anticipated to register an impressive growth with a CAGR during the forecast period, 2023-2027, due to growing adaptations of technology and evolution of the two wheelers. Growing sales of electric two wheelers and surge in the productions validate the imports & exports between nations and market players play an active role in the growth of the global reverse mode two wheeler market in the upcoming five years. Comfort of commuting for short distances, fuel consumption efficiency, along with affordability of the two wheelers intrigue the higher sales for the same that adds to the growth of the global reverse mode two wheeler market in the next five years. High-speed and low-speed modulation options also entice the population to opt for the two wheelers over the four-wheelers thereby adding to the market growth. Electric vehicles are currently flooding the market. Electric two wheelers are rapidly gaining traction in the past few years owing to how convenient they are to travel with. Easier charging and better battery backups also facilitates the sales although demands for frequently distanced electric vehicle charging infrastructure may pose as potential area for growth. Latest in the industry reverse mode technology in the two wheelers also act as a factor for pushing up premium two wheelers in the market.

Market players like BMW are actively investing in the advancement and evolving the technologies to enhance the products and thereby aiding the growth of the market. Higher investment from the market players and their resources embedment into the evolution of the reverse mode two wheeler would substantiate the growth of the global reverse mode two wheelers market in the forecast years through 2027.

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The global reverse mode two wheeler market segmentation is based on vehicle type, propulsion, distribution channel, regional distribution, and competitive landscape. Based on vehicle type, the market is differentiated between scooter/ moped and motorcycle. Scooter/ moped segment is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of higher sales of the scooters and mopeds. Surge in the demand for the electric scooters and electric moped are also expected to add value to the growth of the global reverse mode two wheelers market in the next five years.

By propulsion, the market is further segmented into conventional and electric. Electric vehicles are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the ground of growing demands for the same in the industry. Also, the technological advancement of reverse modes are actively incorporated in the electric two wheelers over the conventional ones thus aiding the growth of the global reverse mode two wheeler market in the next five years. Rising concerns toward environment depletion also acts as a catalyst for the growing demands of the electric propulsion based vehicles thereby substantiating the growth of the global reverse mode two wheeler market in the forecast years through 2027.

Based on distribution channel, the market is fragmented into offline and online. The market analysis also studies the regional segmentation, divided among Asia-Pacific region, North American region, European & CIS region, South American region, and Middle East & African region.

Some of the market players, dominating the global reverse mode two wheeler market are:

Damon Motors Inc.

BMW AG

Ather Energy

ANI Technologies Private Limited

Bajaj Auto Limited

Okinawa Autotech Pvt. Ltd.

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“Europe & CIS region is anticipated to hold the largest revenue shares of the market and dominate the regional segment of the market in the upcoming five years. Growing demand for the electric vehicle with advanced technology facilitates the market growth in the region. Countries like Germany, Sweden, United Kingdom have bigger industries for the electric vehicles and electric scooters that adds value to the future potential to the reverse mode two wheeler market. Also, availability of the multiple market players highly invested in the development of the evolving technology and further advancement with their active investments in the segment also add to the growth of the global reverse mode two wheeler market in the future five years. Rising disposable income among the population incorporated with the demands for the ownership of the premium vehicles such as reverse mode two wheeler also substantiate the growth of the global reverse mode two wheeler market in the future five years. New market players may focus on research and product development. Technological advancement in the reverse mode two wheeler to enhance their performance would allow them to establish their brands in the market and support the market growth in future too,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Reverse Mode Two Wheeler Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Vehicle Type (Scooter/Moped, Motorcycle), By Propulsion (Conventional, Electric), By Distribution Channel (Offline, Online), By Region”, has evaluated the future growth potential of global reverse mode two wheeler and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global reverse mode two wheeler market.

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Global ADAS Market Size, Share, Growth , Trends & Forecast 2028

The increasing preference for advanced technology vehicles among the people is expected to drive the global ADAS market through 2027.

According to TechSci Research report “ADAS Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, global ADAS market stood around USD 49.50 billion in the year 2021 and is estimated to reach USD97.49 billion in 2027 growing with a CAGR of 12.37% during the forecast period. The rising consumer’s preference for luxury and premium cars equipped with advanced safety features has made the car manufacturers introduce advanced technology in the car. With the rising concern for the environment, many countries have announced to achieve zero-emission in the upcoming years. The automotive industry is shifting towards more advanced technologies and every year they are introducing new features in the vehicle that will help at the driving time.

Different countries have planned to achieve zero-emission, such as Canada moving its 2040 goal of 100% zero-emission new light-duty cars and truck sales ahead to 2035. The Austrian government presented its Mobility Master Plan 2030, and it sets the goal to only allow the registration of new zero-emission cars and light commercial vehicles (vans) by 2030. As the governments of many countries have planned to shift toward electric vehicles, the automotive industry has also started to introduce electric vehicles with the advanced driver assistance system.

Some of the new rules and regulations have been set by governments of different countries, such as the new Chinese standards on advanced driver assistance systems is GB/T 39263-2020. The standard specifies definitions for a wide variety of different systems and is split into two categories: information assistance systems and control assistance systems. Under the information assistance system, different sub-function comes, which are driver attention monitoring systems, traffic sign recognition systems, forward collision monitoring, etc. GB/T 39265-2020; is the new Chinese standard for blind spot detection systems. These specify requirements for all M and N category vehicles, i.e., passenger vehicles and goods vehicles.  The new Chinese standard on lane keep assist systems is GB/T 39323-2020, this standard covers requirements for M1 category vehicles, i.e., passenger cars and multipurpose passenger vehicles.  These two new Chinese standards become effective from June 1, 2021. By seeing all rules and regulations nowadays most vehicle manufacturers have started to install ADAS or safety systems in the vehicle to provide the ultimate safety to the passengers across all segments.

Browse more than 174 market data figures and spread through 110 Pages and an in-depth TOC on “Global ADAS Market"

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The global ADAS market has been segmented based on vehicle type, by sensor type, by level of autonomy, and, by function, by region. In terms of vehicle type, the global ADAS market is segmented into passenger car and commercial vehicles.

In the global ADAS market, the automotive production is dominated by level 1 vehicles. Most of the vehicles produced by automotive manufacturers have a level 1 ADAS or safety system in their vehicle variants.  In the level of autonomy type segment, level 1 has dominated the market with a total share of 51.33%, followed by level 2 with 46.70%.

In terms of the level of autonomy types, the global ADAS market is segmented into five different levels which are level 1, level 2, level 3, level 4, and level 5. Currently, only level 1, and level 2 types of vehicles are available in the market, manufacturers are working on the level 3 type of vehicle. Types of sensors that are available in level 1 vehicles are Ultrasound 4, Radar (LRR) 1, camera 1, and sensors available in level 2 are Ultrasound 8, Radar (LRR) 1, Radar (SRR) 4, & Camera 4.  Many companies are working on level 3 ADAS or safety systems,

Mercedes-Benz has become the first company to meet the standard of level 3 ADAS or safety system. The company has announced that the automated driving technology called Drive Pilot, will be available in S-Class and EQS models in the first half of 2022. Some of the ADAS features that are going to be mandatory from 2022 for vehicles of categories M (transport of people), N (transport of goods), and O (trailers and semi-trailers) are adaptive cruise control, automatic emergency braking, driver fatigue detector, advanced driver distractive warning systems, lane-keeping system, recording devices, tire pressure, intelligent speed assistance, detection systems of vehicles and reversing camera.  

As a measure to counter the spread of the COVID-19 pandemic, many countries across the globe implemented lockdowns in the second and third quarters of 2020 due to which the sales of new cars (hatchback, SUV&MPV, sedan) were very low, and consequently the demand for advanced driver assistance system in the market was down. Many automotive manufacturing plants were closed, and production was stopped for some time, due to which the supply for cars in the market was low by this the ADAS manufacturers have faced many difficulties in selling the components, sensor, and software, as the aftermarket demands for the ADAS were very low.

Some of the major companies operating in the global ADAS market include:

Continental AG

Robert Bosch GmbH

Autoliv Inc.

ZF Friedrichshafen

Delphi Automotive PLC

AISIN Corporation

HELLA Gmbh & Co. KGaA

ARM Limited

Denso corporation

Ambarella International LP

Bittium Corporation

“In 2021, Europe accounted for the largest share i.e., 40.64% in the global ADAS market. The European region is expected to maintain its dominance over the next five years reaching a market share of 41.28% by 2027. Many automotive top automotive manufacturers such as Audi, BMW, Ford-Werke GmbH, Mercedes-Benz, Opel, Porsche, Volkswagen, etc have their plants in European countries. The sales of the passenger car were declining in European countries due to the shortage of the microchip (semiconductors), and after COVID-19, the demand for cars was even lower in the market. According to the European Automobile Manufacturers’ Association (ACEA), passenger car registration will increase in 2022 with a growth of 7.9% to reach 10.5 million units. Vehicles with advanced technology and features are witnessing great demand in the market. Seeing these trends, automotive manufacturers are also introducing vehicles with advanced features such as adaptive cruise control, collision avoidance, park assistance, lane departure warning system, rear cross traffic assistance, automatic speed limit, etc. The growth of the ADAS market is expected to increase in the coming years as the sales of car will increase”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“ADAS Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, By Vehicle Type (Passenger Car, Commercial Vehicle), By Sensor Type (Radar, Ultrasonic, Camera, and Lidar), By Level Of Autonomy (Level 1, Level 2, Level 3, Level 4, and Level 5), By Function (Collision Avoidance, Adaptive Cruise Control, Lane Departure Warning System, Rear-cross Traffic Assistance, Emergency Braking, Intersection Assistance, Automatic Speed Limit, Others, & Park Assistance), By Region”, has evaluated the future growth potential of global ADAS market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global ADAS market.

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Saudi Arabia Connected Car Market had shown growth in the past years, and it is anticipated to increase at a high rate in the forecast year 2023-2028.

Saudi Arabia Connected Car Market had shown growth in the past years, and it is anticipated to increase at a high rate in the forecast year 2023-2028. With connectivity on wheels, connected cars offer comfort, performance, security, and safety. With the help of such cutting-edge technology of connected car, the driver and the passengers can connect with numerous web platforms that make real-time communication possible while they are driving. The Saudi Arabia connected car market is expected to develop as a result of rising consumer demands, an ongoing need for connectivity, improved technology dependability, and an increase in the number of technology enthusiasts. 

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Industrial Valves Market to Grow at a CAGR of 4.96% during the forecasted period 2023-2028

Adoption of Smart Valves Control Systems & rising of the industrial sector in the nations are driving the Global Industrial Valves Market.

According to TechSci Research report, “Global Industrial Valves Market - By Region, Competition, Forecast & Opportunities, 2028”. The current investments and trend of polymer technologies in industries are expected to drive the market growth of industrial valves in the upcoming years, leading to an expected healthy expansion of the industrial valves market.

Industrial valves are devices for controlling the flow of gases, liquids, and slurries. You may use these valves to regulate the flow of gases or liquids. To do this, pipes and other routes can be partially blocked, closed, and opened. The flow and pressure inside a system or process are controlled by valves, which are essentially mechanical devices. Every pipe system that transports liquids, gases, vapors, slurries, etc. must include them as vital components. Authorities today must put up a lot of effort to provide residents with a variety of services. As a result, the valves sector has significant development potential. Across the globe, governments are spending more to give every household necessity like gas and clean water. To deliver fresh water, new water treatment plants are being built. Gas delivery to both residential and non-residential properties is now possible with the introduction of many new pipeline projects. Industrial valves are more frequently employed to control the flow of gas through distribution systems. To accommodate this rise in demand, the government and major oil and gas businesses are searching for additional reservoirs. In turn, it will help the nation's market for industrial valves to expand. The need for industrial pumps and other enhanced regulating devices is also increasing because of the government and other businesses establishing numerous new power-producing facilities.

Based on valve type, the globe valve is the leading segment in the global industrial valves market with a market share of 21.4% in 2022 and followed by the Ball Value with a market share of 20.45% in 2022. The Globe Valve is in the lead because it is the most widely used industrial valve and permits fluid circulation during a process. With the primary purposes of halting, beginning, and controlling flow, its flexibility is a crucial component in the market for industrial expansion and linear motion valves. The discs of a globe valve could totally seal or completely obstruct the flow route. The cooling water, fuel oil, feedwater, chemical feed, condenser air extraction, and drain systems are the most typical applications for Globe valves. That flow needs to be managed by substantial applications in cooling water systems. Since the discs and seats are easily replaceable or repaired, the leading valve requires minimal care. Therefore, globe valves are appropriate for applications that require frequent valve maintenance, and they are widely employed to control flow. The flow control pressure drop range needs to be considered while designing the valve to avoid early failure and offer adequate service. Valve trim must be developed for optimal high-differential pressure throttling.

Browse over 167 market data Figures spread through 221 Pages and an in-depth TOC on the "Global Industrial Valve Market"

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In terms of regional analysis, the global industrial valves Market is segmented into North America, South America, the Middle East & Africa, Asia- Pacific & Europe. Asia Pacific region leads the industrial valve with a market share of 36.71% in 2022 and followed by Europe with a market share of 23.02% in 2022. The industrial valve market offers attractive potential in the Asia Pacific Region, which is home to the majority of emerging nations like India, Vietnam, Indonesia, and others. China is investing heavily in coal-to-liquid technologies throughout Asia-Pacific. The need for industrial valves in the area is rising because of processes like carbon sequestration, shale gas advancements, and the development of several coal-fired facilities in China. Developing nations like China and India are growing their power capacity to meet the rising demand for energy. Nuclear power facilities in the area also employ industrial valves in addition to electricity plants. Large local government investment in the pharmaceutical, healthcare, life sciences and biotechnology industries has also contributed to the growth of Asia's biopharmaceutical companies. The need for industrial valves is expected to increase as a result of these expectations for industrial expansion, which is expected to substantially fuel market growth.

Using thermoplastics and polymer technologies to manufacture valves, especially butterfly valves, is a recent trend that is catching hold all around the world. Customers all over the world desire valves that can offer high-strength mechanical qualities and are well-suited to activities involving water. As a result, the production of technologically superior valves is a focus for valve manufacturers worldwide. This market is expected to expand throughout the projected period.

Key market players in the global industrial valve market include:

Emerson Electric Co.

Flowserve Corporation

Alfa Laval Corporate AB

Crane Co

IMI Plc

Schlumberger N.V. (Schlumberger Limited)

Baker Hughes Company

MRC Global Inc.

KITZ Corporation

The Weir Group PLC

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“Global industrial valve installation is anticipated to increase as a result of investments in pipeline infrastructure for downstream applications in the oil and gas industry. Additionally, it is anticipated that rising healthcare device output and pharmaceutical sector R&D expenditures would boost the market for industrial valves. Therefore, these factors are fuelling the market growth of the Global Industrial Valves Market in the upcoming years”, Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting organization.

“Global Industrial Valves Market By Valve Type (Globe Valves, Ball Valves, Butterfly Valves, Wedge Gate Valves, Knife Gate Valves, Check Valves, Diaphragm Valves, Pinch Valves, Float Valves, Air Valves, Automatic Control Valves, Resilient Seal Gate Valves, Others), By Material Type (Cast Iron, Steel, Cryogenic, Alloy Based, Others), By Application (Oil & Gas, Refinery, Chemical, Water, Wastewater Effluent, Power Generation, Agriculture, Mining, Others), By Product (Quarter turn Valve, Multi turn Valve, Others) By Region, Competition, Forecast & Opportunities, 2028”, has evaluated the future growth potential of Global Industrial Valve Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Industrial Valve Market.

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United States Nutrunner Market to be dominated by Electric Nutrunner till 2027

Surge in technological advancements and increase in demand for automation technology in manufacturing industry and are expected to drive the demand for United States nutrunner market through the forecast period, 2023-2027.

According to TechSci Research report, “United States Nutrunner Market By Type (Electric Nutrunner, Pneumatic Nutrunner, and Hydraulic Nutrunner), By Distribution Channel (In store and Online), By End-User Industry (Construction, Industrial, Automotive, and Others), By Region, Competition Forecast & Opportunities, 2027”, the United States nutrunner market is expected to grow at a steady CAGR in the forecast period, 2023-2027. The growing need to improve productivity, maximum process reliability, and quality control in the production line is expected to drive the demand of the United States nutrunner market. Nutrunner is used in precision fastening and assembly applications as it can offer tight torque control. Nutrunners are preferred over nut drivers as they are more compact, accurate, convenient, easy to use, and lower the overall operation time.

Nutrunner is a tool used for tightening nuts, bolts, and screws in tight spaces. There are different kinds of nutrunner available in the market, including electric nutrunner, pneumatic nutrunner, and hydraulic nutrunner. They are used for various applications in other industries such as aerospace, shipbuilding, engineering, and machinery as nutrunner provide adequate and safe solutions to enterprises. With the constant growth of the end-user industries and the need to manufacture fast and quality products, nutrunners are used in assembling lines.

However, the high initial purchasing cost of nutrunner and requirement of skilled labor to operate and daily interval maintenance of nutrunner may restrain the market growth in the forecast period.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "United States Nutrunner Market"

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The United States nutrunner market is segmented into type, distribution channel, end-user industry, regional distribution, and company.

Based on type, the market is divided into electric nutrunner, pneumatic nutrunner, and hydraulic nutrunner. Electric nutrunner is dominating the market and is expected to maintain its dominance throughout the forecast period, 2023-2027. Electric nutrunner are lightweight and portable. Applications of electric nutrunner include beveling, reaming, expanding, tightening, taping, and turning. Electric nutrunner is used to manufacture small quantities. They offer high flexibility as they allow to operate in hard-to-reach positions and can easily accommodate frequent product changes. Also, growing customer expectations and cost pressure, and strict regulations producing quality products have led to increased adoption of electric nutrunner in industries to boost higher productivity and reliability.

Based on the distribution channel, the market is bifurcated into in store and online. The online distribution channel is expected to witness the fastest incremental growth in the next five years due to the shift in consumer preference to buy through online platforms. They offer enhanced convenience and comfort to customers instead of physically visiting the stores. Also, market players are offering products at lucrative discounts with additional facilities like quick doorstep delivery, warranty options, and easy exchange options, which is further expected to boost the United States nutrunner market growth in the forecast period.

Based on end-user industry, the market is divided into construction, industrial, automotive, and others. The construction industry is expected to capture a higher market share in the forecast period as it is one of the major contributors to the United States economy and requires the use of nutrunner for various applications. Construction of buildings requires fixing doors and windows for which nutrunner can be used as it speeds up the process.

Major market platers operating in the United States nutrunner market are:

Aimco Global

Atlas Copco AB

Bosch Rexroth AG

Dai-Ichi Dentsu Ltd.

Estic Corporation

Ingersoll Rand Inc.

ITH bolting Technology

Maschinenfabrik Wagner GmbH & Co.AG

Sanyo Machine Works Ltd.

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“Market players are launching advanced nutrunner with higher performance and accuracy than the traditional nutrunner to stay ahead. The launch of wi-fi enabled cordless nutrunner is expected to garner significant customer attraction as it provides complete control during operation, large display and allows the tool to connect to any mobile device. Increased investments in R&D activities by the market players to find innovative solutions to deliver fast, safe and cost-efficient nutrunner with higher battery capacity is expected to propel the United States nutrunner market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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“United States Nutrunner Market By Type (Electric Nutrunner, Pneumatic Nutrunner, and Hydraulic Nutrunner), By Distribution Channel (In store and Online), By End-User Industry (Construction, Industrial, Automotive, and Others), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of United States nutrunner market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States nutrunner market.

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Construction Equipment Rental Market Expected to Register high CAGR through 2028

Rising construction & mining activities in developing nations are driving the Global Construction Equipment Rental market.

According to TechSci Research report, “Global Construction Equipment Rental Market - By Region, Competition, Forecast & Opportunities, 2028”. The Global Construction Equipment Rental Market has major infrastructure projects in emerging markets and boom in residential construction in Asia-Pacific, North America & Europe. Sales of construction equipment witnessed sustainable growth in 2018, reaching 1.13 million units.

One of the reasons for the increase in construction equipment sales and rental income is the global infrastructure projects, such as China's belt and Road programme, which is investing an unprecedented USD 1 trillion on ports, roads, and train infrastructure across more than 150 countries. Global expansion has been aided by China's belt and road initiative, which intends to connect China with other regions of Asia, Russia, and Europe through land and water corridors, as well as other extensive infrastructure projects throughout the developing world. Due to a surge in residential building, construction equipment revenue increased in emerging economies. Additionally, high-value infrastructure projects in Britain, such as new nuclear reactors, high-speed rail, and road infrastructure enhancement projects in North America, are anticipated to produce a consistent flow of rental revenues for construction equipment rental during the projected period.

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Based on Product Type, the Wheel loader is one of the leading segments in the Global Construction Equipment Rental Market Because The durability of large wheel loaders is included into the design, guaranteeing maximum availability over numerous life cycles with increased performance and simpler serviceability. When compared to other construction machinery, it is simple to maintain over time. Rearview cameras, backup alarms, and good sight from the cab are among the useful safety features that many manufacturers include in their machines. Wheel loaders also benefit from hydraulic locking differentials, heated mirrors, and emergency steering. Additionally, current manufacturers use hydrostatic transmission over conventional transmission since it requires less power and saves a lot of energy Wheel loaders also transfer materials more effectively than other machinery. As a result, these elements increase demand for the market for renting construction equipment globally.

In terms of regional analysis, the global construction equipment rental Market is segmented into North America, South America, the Middle East & Africa, Asia- Pacific & Europe. Asia Pacific region is dominated the construction equipment rental market at a high CAGR in the upcoming year. This is attributable to the growth of the construction equipment rental market in the upcoming years a rising in the number of highway constructions & development, metro construction, airports, and Special Economic Zones (SEZs) in the Asia Pacific region. Additionally, the rise in the population in the region results in an increase in construction activities to fulfil the demand in the Asia Pacific region.

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Herc Holdings Inc., a leading equipment rental supplier with headquarters in Florida, the United States of America, announced in November 2021 that it had acquired all the assets of Reliable Equipment, LLC, a New Hampshire-based equipment rental company. This expansion of the company's presence in New England to eight additional locations will allow it to better serve both current and potential clients with a larger fleet and more responsiveness. Additionally, in June 2021, Ramirent, a completely owned subsidiary of The Loxam Group, a prestigious equipment rental firm with headquarters in Paris, France, announced the acquisition of MaskinSlussen in Lidkoping, Sweden. The purchase improved Ramirent's ability to service all of its clients by strengthening its primary type of business equipment rental—and broadening its geographic reach.

Key market players in the Global Construction Equipment Rental Market include:

Volvo Construction Equipment AB

Komatsu Ltd

Liebherr Group

Zoomlion Heavy Industry Science and Technology Co. Ltd

Caterpillar Inc

Atlas Copco AB

Hitachi Ltd

CNH Industrial N.V

Terex Corporation

Hyundai Doosan Infracore (Doosan Infracore Co., Ltd.)

Deere & Company (John Deere)

H&E Equipment Rental Services Inc.

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The next generation of construction equipment, which will be far more productive and efficient, is now being developed by industry leaders in the construction equipment rental market and includes anything from alternative fuel vehicles to semi-autonomous excavators. A range of cutting-edge technology, including sophisticated sensors, electric motors, and data collecting tools, will also be included in new types of construction equipment. Due to fewer defect-related claims and the avoidance of delay penalties, innovative construction equipment's increased dependability also translates into improved profitability. Therefore, these factors are fuelling the market growth of the “Global Construction equipment rental market in the upcoming years Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

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“Global Construction Equipment Rental Market By Product Type (Loader, Cranes, Forklift, Excavator, Dozers, and Others), By Propulsion Systems (Electric & ICE), By End-Use Industry (IT & Telecommunication, Energy & Power and Others), By Equipment (Earthmoving, Material Handling, Road Building & Concrete), By End User Industry (Oil & Gas, Construction, Infrastructure, Manufacturing, Others), By Region, Competition, Forecast & Opportunities, 2028”, has evaluated the future growth potential of Global Construction Equipment Rental Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Construction Equipment Rental Market.

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The global well intervention services market is projected to register significant growth during the forecast period, owing to reactivation of mature oilfields coupled with rising demand for energy at global level. Excessive depletion of onshore oil and gas industry has resulted in an increased investment for offshore well-intervention.

The global well intervention services market is projected to register significant growth during the forecast period, owing to reactivation of mature oilfields coupled with rising demand for energy at global level. Excessive depletion of onshore oil and gas industry has resulted in an increased investment for offshore well-intervention. Besides, increased demand for offshore drilling application is set to increase on account of increase in water drilling and production activities is expected to propel the growth of the global well intervention services market. Increasing efforts by upstream company to boost production from mature fields and adoption of new digitization strategies to reshare operations by oil & gas companies are anticipated to duel the market growth. Moreover, implementation of stringent government regulations towards environmental pollution from conventional fuels and enhanced focus on electrification are some of the factors positively influencing the global well intervention services market. Furthermore, increasing investments for R&D toward improvement in well intervention technologies and rising focus on enhancing operational efficiency of wells are expected to fuel the global well intervention services market in the coming years.

The global well intervention services market is segmented on the basis of intervention type, service, application, region, and company. Based on intervention, the market is further divided into light, medium, and heavy. The light intervention segment is anticipated to hold the largest share in the global well intervention services market during the forecast period. Light interventions are done to allow operator to gather downhole data or adjust downhole equipment for increasing oil recovery and safety. Based on service, the market is further divided into logging & bottom hole survey, stimulation, remedial cementing, zonal isolation, sand control, artificial lift, and others. Shale gas revolution coupled with production of the oil and gas from the shale reserve are attributing to the dominant share of the logging and bottom hole service segment through 2024. North America dominated the market in 2021 and is forecast to continue its dominance during the forecast period due to the increasing shale gas production in the oil and gas industry. Moreover, Canada and USA are the prominent countries in the North America well intervention services market.

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Some of the leading players in the global well intervention services market are Archer Limited, Baker Hughes Incorporated, Schlumberger Limited, Expro International Group Holdings, Ltd., Basic Energy Services, Inc., Halliburton Company, Weatherford International, PLC., GE Oil & Gas, Lupatech SA, Superior Energy Services, Inc. etc.

Objective of the Study:

To analyze and forecast the market size of global well intervention services market, in terms of value.

To classify and forecast global well intervention services market based on intervention type, service, application, company, and regional distribution.

To identify drivers and challenges for global well intervention services market.

To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global well intervention services market.

To conduct the pricing analysis for global well intervention services market.

To identify and analyze the profile of leading players involved in the global well intervention services market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the solution providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all collaboration solution providers across the globe.

TechSci Research calculated the market size of global well intervention services market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Well intervention service providers and other stakeholders

Government bodies such as regulating authorities and policy makers

Organizations, forums and alliances related to well intervention services market

Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as solution providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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Oil spills are a major concern be it on shore or during offshore oil excavation process. The drilling equipment are designed and planted in very specific manner. Equipment like hole openers, mud racks etc.

Global oilfield thread protectors market is projected to register CAGR growth in the forecast years, 2023-2027 on the account of growth factors like increasing concerns toward oil spills in the environment. Also, increase in the demand for the sophisticated drilling equipment is further driving the growth of the global oilfield thread protectors market in the upcoming five years.

Oilfield thread protectors capping like tools that are utilized for the protection of pipe threads of the oil rigs while transporting oil and gas. These tools are often made of heavy duty plastic, rubber, or metal depending on the area and type of pipelines, that require such protection at the joints. Oilfield thread protectors are counterparts of drill pipe, tubing, and casing that helps saving the oil from spilling while transportation of the same. During the process of loading and unloading of oil into the carrier vessels for further transportation, pipelines from the rigs to the vessel are established, and while the pipes are joined together, oil spills may occur if proper precaution is not taken.