Persistence Market Research Blog

Archive for the ‘Automotive’ Category

Thailand Water Pump Market is anticipated to register a healthy CAGR during the forecast period, 2021

Persistence Market Research (PMR) in its recent report titled, “Thailand Market Study on Water Pump: Industrial Segment to Witness Highest Growth by 2021”, projects that the Thailand water pump market is expected to grow at a healthy CAGR of 6.3% during the forecast period.

Interested in report: Please follow the below links to meet your requirements; 

Request for the Report Brochure:

In terms of revenue, the Thailand water pump market accounted for US$16.7 Million in 2014 and is projected to reach US$25.6 Million by 2021.Factors fuelling the market include low manufacturing costs, expansion of water supply network, massive urbanization and industrialization, increasing arable land and land under cereal production. Thailand is an agriculture-driven country. Growth in the agricultural sector, linked with increasing arable land and land under cereal production is leading to growing trend of micro irrigation in small farms, which is projected to increase deployment of centrifugal water pumps.

Similarly, the country is undergoing rapid economic growth and industrialisation and is also poised to emerge as a substantial market. It plays a crucial role as its one of the manufacturing hubs for water pumps. Deployment of monobloc pumps is increasing due to the growing trend of family farming, which is carried out on small agricultural plots and requires low HP centrifugal pump for micro irrigation. Pumps for domestic and agriculture application offer minimal product differentiation in terms of cost and quality. Similar buyer trends apply to both end-user segments.

On the basis of pump type, the submersible water pump segment is estimated to be the most dominant segment, with 63.5% of the overall Thailand water pump market share in 2015, followed by monobloc water pump segment with 36.5%share. Growth of the monobloc water pumps segment over the forecast period is expected to be driven by increasing demand for application in agro-industrial and food production purposes.

As of 2014, Thailand is among the world’s top ten countries in terms of water consumption for agro-industrial and food production. Central & Eastern Thailand region was the largest market in terms of revenue contribution, accounting for 30.2% of the overall Thailand water pump market in 2014.The Bangkok area is one of the most prosperous parts of Central & Eastern Thailand and is a dominant contributor to the national economy, with the infertile Northeast being the poorest in similar terms.Southern Thailand market is projected to lose 80 BPS during the forecast period. The region is part of a narrow peninsula, with a distinctive climate and terrain. Its economy is based on rice cultivation and rubber production. Mountainous terrain and absence of large rivers are conspicuous features of this region.

By end-use application, the agriculture segment is projected to continue its dominance throughout the forecast period. Agriculture application segment is expected to gain 40 BPS during the forecast period as a major portion of the country’s GDP is generated from agricultural activities. However, the industrial segment is forecasted to register the highest CAGR by 2021.Growth of the market in East Asia is mainly driven by increased adoption of water pumps in power plants, for development of new infrastructure, in heavy industry, municipal wastewater treatment plants, irrigation and drinking water facilities.

Key players in the Thailand water pump market includeGrundfos, KSB AG, Kirloskar Brothers Limited, Ebara Corporation. Global players like Grundfos, Sulzer Ltd, Flowserve Corporation focus on research and development initiatives to introduce innovative products to attain sustainable advantages over the competition. In addition, these players also focus on expanding their regional presence through mergers and acquisitions.

Request TOC (table of content), Figures and Tables of the Report:

Water pump manufacturers in Thailand usually sell their products via distributors, who account for approximately 80% sales share as compared to 20% share via direct sales.Global and regional players in Thailand water pump market focus on entering into long-term tie-ups with engineering, procurement, and construction (EPC) companies and distributors. Chinese players have tie-ups with retailers to enhance customer reach.

Browse Full PDF: Thailand Water Pump Market



Wheel Loaders Market : Global Industry Analysis and Forecast 2016 – 2024

Loader is a type of wheeled tractor mounted with square bucket on the front, rear or sometimes at both the ends. The buckets attached are used to scoop up lose material from the ground which may include dirt, sand or gravel. Wheel loaders are primarily used to transfer stockpiled materials from one place to another. They are also used to load materials into truck, clearing rubble, placing pipes, digging and other such activities. The front load bucket capacity is much greater than the backhoe loader bucket, as the backhoe loader bucket is majorly used as a digging equipment. The backhoe digging equipment can dig deeper than the machine’s wheel level. Front loaders are also used to remove snow from parking areas, sidewalks and other areas in snow-prone regions. Unlike bulldozers, wheeled loaders are flexible enough to travel across any part of the roads or construction sites. Wheel loaders steering mechanism is maneuvered by articulate steering system which is hydraulically actuated. This system allows better control over the machine even under greater weight holding operations.

Interested in report: Please follow the below links to meet your requirements; 

Request for the Report Brochure:

Major areas deploying wheel loaders comprise of construction zones, mining vicinities, defense lands and others. Rising urbanization and industrialization has greatly supported the construction activities to grow in the last couple of decades. This has raised the adoption of wheel loaders largely in the construction sector. Deployment of armored wheel loaders in military and defense areas has proved greatly proficient as a part of combat engineering missions under hostile territories. The armored wheel loaders are also used for building bridges and bases, removing road blocks, and other allied activities. This has posed a positive impact on wheel loaders market. Moreover, there are certain activities which can’t be carried out by large bulldozers due to their size, such tasks are easily carried out by wheel loaders owing to their flexibility. The Asia pacific and European regions have proven to be the major contributors of heavy duty machineries market. Thus, the market size for wheel loaders in this regions is significantly large.

Request TOC (table of content), Figures and Tables of the Report:

Wheel Loaders Market can be segmented on the basis of type as follows:  

  • Armored Wheel Loaders
  • Tractor Front Loaders
  • Compact Front End Loaders
  • Skid Loaders & Track Loaders

The global wheel loaders market can be segmented on the basis of types of wheel loader, net operating power, types of bucket, end-use application, and geography. The segmentation on the basis of types include front loader, backhoe loader, compact loader and armored wheel loader. On the basis of net operating power, the wheel loader market is segmented into 20 – 40 hp, 40 – 80 hp, 80 – 120 hp, 120 – 160 hp, and 160 hp and above. The segmentation on the basis of types of bucket equipped in the wheel loaders comprise of wedge bottom bucket, flat bottom bucket, backhoe bucket, demolition bucket, excavating buckets and others. The end-use areas deploying wheel loaders include stone quarries, mining zones, construction sites, military & defense, and public sectors. The global wheel loaders market on the basis of geography includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

For more info:

Some of the key players in the global wheel loader market includes Caterpillar Inc., Hitachi Ltd., Deere & Company, Kawasaki Heavy Industries, Limited, Komatsu Ltd., Larsen & Toubro Limited, and New Holland Construction.

Follow us on:

The report covers exhaustive analysis on:

  • Wheel Loaders Market Segments
  • Wheel Loaders Market Dynamics
  • Historical Actual Market Size, 2013 – 2015
  • Wheel Loaders Market Size & Forecast 2016 to 2024
  • Wheel Loaders Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Wheel Loaders Market Drivers and Restraints

Regional analysis includes 

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Report Highlights: 

  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size Recent industry trends
  • Key Competition landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance

Browse Full PDF: Wheel Loaders Market

Rising Concerns Regarding Air Pollution and Government Interventions Propelling Global Electric Bus Market

The global transportation industry, which is highly dependent on petroleum-based fuels at present, is a major source of air pollution. As the population around the world continues to rise, GDPs improve, and disposable incomes rise, the demand for a variety of automobiles will also escalate at an alarming rate. While it is good news for the automobile industry, and a plethora of secondary industries facilitating it, it has started posing serious threat to the health of humans and that of the environment. The WHO states that air pollution claims the lives of over 100,000 people every year, solely in Europe. Air pollution is also known to reduce life expectancy of a healthy human by an average of a year.

Considering the seriousness of the issue, several governments across the globe are working towards the formulation of effective solutions for curbing global air pollution. Major countries across the globe are adopting electric vehicles at a swift pace in order to curb the mounting pollution levels. If the trend continues in a wide scale it can change the face of the global automobile industry in the long run. The global market for electric buses, the electric variants of buses used mostly for public transportation, is gaining an increased level of popularity these days.


Rise in Road Traffic Fatalities Driving Global Market for Automotive Seat Belts

The surge in number of road accidents across the globe and the subsequent support shown by the presence of strong government regulations on road safety have boosted the demand for automotive seat belts over the years.

According to the World Health Organization, the number of road traffic deaths around the world was 1.24 million in 2010. However, traffic fatalities were down by 3.0% for the US from 2012 to 2013, according to the US Department of Transportation and the National Highway Traffic Safety Administration. This drop can be attributed to the implementation of comprehensive road safety laws.

Quantitative Outlook of the Global Automotive Seat Belt Market

On the global front, the value of the market for automotive seat belt was estimated to be US$11,026.6 Mn in 2014, which rose to US$11,987.6 Mn the next year. By 2021, the value of the automotive seat belt market is anticipated to reach US$19.5 Bn, expanding at a healthy 8.40% CAGR from 2015 to 2021. Speaking in terms of volume, in 2021, the automotive seat belt market is estimated to reach 684,555 thousand units, rising from 433,480 thousand units in 2014 at a 6.8% CAGR during that period.

The market for automotive seat belt is segmented on the basis of vehicle type, technology type, design type, and geography. The market is bifurcated into commercial vehicles such as buses, coaches, heavy vehicles, and light commercial vehicles, and passenger cars. By volume, the passenger cars segment valued US$7,597.1 Mn in 2014 and volume-wise presented 318,710 thousand units that year. By type of design, the automotive seat belt market is fragmented into belt-in-seat, two point, three point, four point, five point, and six-point seatbelt. Three-point seatbelt held the largest share in 2014, accounting for 93.0% and valuing US$10,342.6 Mn. Coming in second, the two-point seatbelt segment held 4% of the total revenue in 2014. Technology-wise, the market for automotive seat belt is divided into retractor, active seat belt, load limiter, pretensioner, seat belt reminder system, and bag-in-belt. Rising from a value of US$3,913.4 Mn in 2014 to US$6,717.4 Mn in 2021 at an 8.0% CAGR, the segment of prestensioners held the largest share.

Request Sample Report:

Regional Analysis of Automotive Seat Belt Market

The global market for automotive seat belt is segmented on the basis of geography into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific is by far the largest market for automotive seat belts and in 2014, held 28.80% of the overall market revenue. The region is also anticipated to be the most rapidly developing market by 2021, registering an 11.40% CAGR. The Asia Pacific market for automotive seat belts is fueled by high incidence of road accidents and strengthening government regulations pertaining to road safety. This region is expected to present the most lucrative opportunities for growth over the next six years, supporting the global automotive seat belt market.

View Detail Report With TOC:

Europe is the second largest market in terms of revenue and accounted for 28.0% of the global market in 2014. The Middle East and Africa region, on the other hand, is anticipated to be the second fastest developing market from 2015 to 2021, presenting an 8.50% CAGR during that time.

The most prominent companies functioning in the global automotive seat belt marketplace include ZF TRW Automotive Holdings Corp., Tokai Rika Co. Ltd., Denso Corporation, Autoliv Inc., Robert Bosch GMBH, Toyoda Gosei Co. Ltd., Takata Corporation, Key Safety Systems Inc., Hyundai Mobis Co. Ltd., and Continental AG.

Wireline Services Market (2016 to 2022) – Asia-Pacific and the Middle East regions making it the fastest growing market : Key players are Schlumburger, Baker Hughes, Superior Energy Services and others

Wireline services are the electrical cabling technology used by oil and gas well operators for lowering measurement equipment into the well for intervention process, reservoir evaluation, and pipe recovery activities. Wireline services have been used for a wide-ranging activities in Oil and Gas industry. It is vital all through the lifecycle of a well that includes exploration, drilling, stimulation, completion, and intervention. (more…)

Event Management Services Market – PMR Market Insight Report 2016 to 2022

The event management companies have started their road to success may it be a Silicon valley startup or Multinational firm it all boils to the presentation .The portrayal of the company in an event or a meeting is the image it carries over, it portrays the firm belief and true values of the companies and make a lasting impression on the audience. Event management companies have been on the rise since the time as memorial itself. From scheduling and arranging product launches, company meetings to investor relation everything in the corporate world is covered. With event management companies offering a wider range of services such as shows and weeding the market for event management services is growing with the inclusion of other casual events such as weddings rock concerts award shows, charity balls the spread of the market is increasing. Event management companies have a methodical system which is completed with the utmost satisfaction of the customer with proper execution. The services involve the planning, budgeting, scheduling, acquiring permits, selection of site, coordinating transportation, arranging for speakers or entertainers, event security, decor, catering and emergency plans.

Request to view TOC: (more…)

Wireline Services Market – PMR Market Insight Report 2016 to 2022

Wireline services are the electrical cabling technology used by oil and gas well operators for lowering measurement equipment into the well for intervention process, reservoir evaluation, and pipe recovery activities. Wireline services have been used for a wide-ranging activities in Oil and Gas industry. It is vital all through the lifecycle of a well that includes exploration, drilling, stimulation, completion, and intervention.

Request to view TOC: (more…)

Tag Cloud