Automotive Lighting Market Pegged for Robust Expansion by 2028

December 29, 2022/Industry News Global/ -- This new report from Stratview Research analyses the Foam Glass Market over the trend period from 2014 to 2019 and the forecast period from 2020 to 2025. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.
Overview:
The Automotive Lighting Market was estimated at USD 28.27 Billion in 2021 and is likely to grow at a CAGR of 4.95 % from 2022-2028 to reach USD 39.78 Billion in 2028.
What is automotive lighting?
The lighting system of an automobile incorporates lighting and signaling devices usually present in the front, rear, side, or interior of the vehicle. Automotive lights are an integral part of a motor vehicle majorly utilized in the automotive industry to enhance the visibility of the vehicle.
Drivers
• Major factors such as a surge in the production of passenger and commercial vehicles, and increasing preference towards aesthetically pleasing and technologically modern automotive lights accompanied by the growing demand from OEMs as well as aftermarket distributors.
• The rise in the disposable income of consumers mixed with growing road safety concerns related to passenger and commercial vehicles is expected to fuel the progress of the market during the forecast period.
Key Players:
• Koninklijke Philips N.V.
• Samsung Electronics
• General Electric Company
• Hella KGaA Hueck & Co.
• Hyundai Mobis
• Koito Manufacturing Co., Ltd.
• Magneti Marelli S.p.A.
• Osram Licht AG
• Valeo
• Varroc
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Regional analysis:
Europe is estimated to be the leading region in the market owing to the factor that the region is home to major automobile manufacturers such as BMW, Mercedes, Volkswagen, and Volvo. These companies are the growth engines of the region contributing to the growing demand for automotive lighting products during the forecast period.
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Compounding Pharmacies Market Growth Trends & Forecast till 2025

December 29, 2022/Industry News Global/ -- This new report from Stratview Research analyses the Foam Glass Market over the trend period from 2014 to 2019 and the forecast period from 2020 to 2025. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.
Overview:
Compounding pharmacies market is likely to witness a healthy CAGR of 5.8% during the forecast period.
Drivers
• Growing geriatric population and improved life expectancy
• Increasing adoption of customized medicine in developed regions, advantages of compounded medication
• The increasing rate of drug failure is likely to drive the market in the coming years.
Key Players:
• Athenex Inc.
• B. Braun Melsungen AG
• Clinigen Group plc
• Dougherty's Holdings, Inc.
• Fagron, Inc.
• Fresenius Kabi AG
• Institutional Pharmacy Solutions, LLC
• Lorraine’s Pharmacy
• McGuff Company, Inc.
• Pencol Compounding Pharmacy
What are Compounding pharmacies?
In pharmacy, compounding is the creation of a particular pharmaceutical product to meet the unique needs of a particular patient. Compounded medications are made for specific patients. The conventional role of compounding pharmacies is to prepare drugs as prescribed by doctors for individual patients with needs that can't be met by the drugs that are commercially available.
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Regional analysis:
Europe is estimated to be the largest market, whereas Asia-Pacific would be the fastest-growing region for the compounding pharmacies market during the forecast period. Favorable reimbursement policies and the growing acceptance of compounding medication in Europe will foster the region’s overall growth. Also, technological advancements, presence of leading players, and well-established healthcare facilities will further contribute towards good growth of the market.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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Aircraft Insulation Market Projected to Grow at a Steady Pace During 2020-2025

December 29, 2022/Industry News Global/ -- This new report from Stratview Research analyses the Foam Glass Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Foam Glass Market Overview:
The aircraft insulation market in the aircraft industry is set to reach an unprecedented level of US$ 0.8 billion in 2025. An expected recovery in commercial aircraft deliveries supported by huge order backlogs of Boeing and Airbus (13,237 aircraft at the end of Feb 2020), expected FAA approval to Boeing for the B737 Max program, the market entries of new players (COMAC and Irkut), and the development of fuel-efficient variants (B777x, A330neo, E-2 jets, etc.) assure that the market fundamentals remain strong in the next five years.
Key Players:
• The 3M Company
• DuPont de Nemours, Inc.
• Daher
• BASF SE
• Hutchinson SA
• Darchem Engineering Ltd
• Triumph Group, Inc.
• Hi-Temp Insulation, Inc.
• Boyd Corporation
• Tecnologie Industriali e Aeronautiche Srl
• Isolite GmbH
• G-Force Manufacturing
• Geven SpA.
The aircraft insulation market is segmented into the following categories.
By Aircraft Type:
• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Military Aircraft
• Helicopter
By Insulation Type:
• Thermal Insulation
• Acoustic & Vibration Insulation
• Electric Insulation
By Material Type:
• Foamed Plastic Insulation
• Fiberglass Insulation
• Ceramic Insulation
• Other Insulations
By Application Type:
• Airframe
• (Application Analysis: Aerostructure, Cabin Interior, Landing Gear, and Others)
• Engine
By Region:
• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
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Regional analysis:
North America is likely to remain the most dominant market for aircraft insulation during the forecast period. The region is the hub of the aircraft industry with the presence of several raw material suppliers, aircraft insulation manufacturers, tier players, aircraft OEMs, airlines, aircraft leasing companies, and MRO companies. The recent spread of COVID-19 in the USA disrupted the supply chain of the country’s aviation industry, compelling aircraft OEMs including Boeing to shut down their manufacturing facilities as per government directives. Despite the severe hit of the region’s aircraft insulation market due to the COVID-19 outbreak, the region will likely to be succeeded in maintaining its lead in the global market during the studied period.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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Snowmobile Market to Witness a Handsome Growth during 2022-2027

December 29, 2022/Industry News Global/ -- This new report from Stratview Research analyses the Snowmobile Market over the trend period from 2014 to 2019 and the forecast period from 2020 to 2025. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.
Snowmobile Market Overview:
The sudden outbreak of COVID-19 has led to unforeseen fluctuations across many industries and the Snowmobile Market is no different. Snowmobiles, the unique market segment, recorded a healthy increase in their demand amid the pandemic. In terms of units, the snowmobile market grew by 7.7% in the year 2020 and is subjected to further flourish at a healthy CAGR of 4.3% over the next five years. In terms of value, the snowmobile market was estimated at US$ 1.67 billion in 2020 and is estimated to reach a value of US$ 2.9 billion in 2027.
Key Players:
• BRP Inc.
• Polaris Inc.
• Arctic Cat Inc. (Part of Textron)
• Yamaha Motor Co., Ltd.
• Alpina Snowmobiles S.r.l
The Snowmobile Market is segmented by–
• By Type (Mountain, Crossover, Cross Country/Performance, Utility, Touring, and Others)
• By Displacement Type (>400CC, 400-600CC, 600-800CC, and >800CC)
• By Cylinder Type (One Cylinder, Two Cylinders, and Three Cylinders)
• By Region (North America, Europe, Asia-Pacific, and Rest of the World)
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Regional analysis:
North America is expected to remain the largest market for snowmobiles during the forecast period. In 2021, the region alone accounted for more than 84% of global sales. Europe is also expected to grow at a decent rate over the next five years, as a result of its increasing usage of snowmobiles. As winter sports are very popular in North America and many European countries, the near-term prospect of the overall snowmobile industry seems very promising.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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Mining Machinery Market Size, Share, Trend, Forecast, & Growth Analysis – 2022-2028

December 12, 2022/Industry News Global/ -- This new report from Stratview Research analyses the Mining Machinery Market over the trend period from 2016 to 2020 and the forecast period from 2022 to 2028. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.
Mining Machinery Market Overview:
The Global Mining Machinery Market was estimated at USD 29.2 Billion in 2021 and is likely to grow at a CAGR of 4.48 % during 2022-2028 to reach USD 39.86 Billion in 2028.
Drivers
• The surge in demand for metals and electric mining machinery is expected to drive the market.
• Increasing infrastructure development and construction activities in emerging economies are expected to drive market growth during the forecast period.
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By Category Type:
• Crushing, Pulverizing, and Screening Machinery
• Mineral Processing Machinery
• Surface Mining Machinery
• Type Analysis: Articulated Dump Trucks, Crawler Dozers, Crawler Excavators, Motor Graders, and Rigid Dump Trucks
• Underground Mining Machinery
• Type Analysis: Drills, Electric Shovels, Hydraulic Excavators, Mining Dozers, Mining Trucks, and Wheeled Loaders
By Propulsion Type:
• Diesel
• CNG/LNG/RNG
By Power Output Type:
• Less than 500 HP
• 500-2,000 HP
• More than 2,000 HP
By Autonomous Mining Machinery-Mining Category Type:
• Surface Mining
• Underground Mining
By Electric Mining Machinery Type:
• Mining Truck
• Load-Haul-Dump Loaders
By Electric Mining Machinery-Battery Type:
• Lithium-ion
• Lead-acid
• Others
By Application Type:
• Mineral
• Metal
• Coal
By Region:
• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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Variable Air Volume Box Market Set to Experience Phenomenal Growth from 2022 to 2028

December 12, 2022/Industry News Global/ -- This new report from Stratview Research analyses the Variable Air Volume Box Market over the trend period from 2016 to 2020 and the forecast period from 2022 to 2028. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.
Variable Air Volume Box Market Overview:
The Variable Air Volume Box Market was valued at USD 5.1 Billion in 2021 and is likely to grow at a CAGR of 6.06% from 2022-2028 to reach USD 7.73 Billion in 2028.
Drivers
The major factor contributing to the demand for variable air volume boxes is the growing construction activities in the developing countries of APAC.
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By Type
The market is segmented as single-duct VAV, dual-duct VAV, induction VAV, and fan-powered VAV. The single-duct VAV segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. The extensive use of single-duct VAV for energy efficiency applications in various applications and its properties such as cost-effectiveness and the ability to control zone temperature by volumetric flow of air is the key driver for its dominance.
By Application Type
The variable air volume box market is segmented into residential buildings, industrial buildings, and commercial buildings. The commercial building application dominates the market as the use of variable air volume boxes in large offices, shopping malls, hospitals, and hotels, among others including mega structures, conventions centers, and shopping malls, and usage of the VAV box with a VAV system ensure the energy efficiency of the overall system, which is propelling the growth of the segment during the forecast period.
By Region
North America is estimated to be the largest market for variable air volume boxes during the forecast period, with the US, Canada, and Mexico being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of healthcare and construction activities, owing to the increasing aging population in North America, which is also expected to drive the overall construction industry. Increasing spending on infrastructure development is also expected to offer substantial growth opportunities during the forecast period.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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