Two-Wheeler Hub Motor Market Heating Up

In 2018, the global two-wheeler hub motor market was valued at $4,838.5 million, and it is expected to reach $8,458.7 million by 2024, witnessing a CAGR of 9.8% during 2019–2024. In terms of end use, the demand for the product was the higher in 2018 among OEMs.However, the faster growth in the two-wheeler hub motor market is expected to be witnessed by the aftermarket category. The rising adoption of electric two-wheelers would propel the demand for their components. The lesser lifespan of hub motors compared to that of electric two-wheelers would lead to a greater demand for them in the aftermarket, in the forecast period.

Growing Demand for High-Powered Motors is a Major Trend in the Market

The growing demand for high-powered motors is a key trend being observed in the hub motor market for two-wheeler. Major manufacturers, such as Zero Motorcycles Inc., BMW AG, and Vectrix, are offering electric motorcycles with a motor power more than 30 kW and have announced their plans of launching models of even higher motor power. For instance, in November 2018, Savic Motorcycles, Australia’s first electric motorcycle company, announced that a new electric model, Cafe Racer, with 60 kW motor power, will be launched by 2020. Besides, many OEMs of conventional gasoline-based motorcycles have announced their plans of introducing high-powered electric models in the near future. Thus, the increasing demand for higher-powered motors is one of the major trends being observed in the market.

• The e-scooters and motorcycles category is expected to grow at the higher CAGR in the two-wheeler hub motor market. This is attributed to the rising adoption of these vehicles, fueled by governments’ initiatives in the form of subsidies and incentives.

• <0.5 kW motors are used in most of the e-bikes available in the market. However, in the coming years, the demand for motors with >4 kW power is expected to get a boost, owing to the introduction of more high-powered e-scooters and motorcycles.

• Brushless DC (BLDC) motors have been the most prominent motors in electric two-wheelers, due to various factors such as their long operating life, higher speed capacity, and longer range.

• DC motors were the larger motor architecture category in the two-wheeler hub motor market. This is attributed to their higher starting torque and better speed variation, along with assistance in quick starting, stopping, and reversing. Moreover, DC motors are comparatively easier to maintain than AC motors, which further contributes to their rising popularity.

• The usage of hub motors by OEMs has been higher in the two-wheeler hub motor market. The increasing adoption of electric two-wheelers, especially in public sharing services, has surged the demand for them as well as their components, including hub motors.

Geographical Analysis of Two-Wheeler Hub Motor Market

The APAC region alone held over 95.0% volume share in the two-wheeler hub motor market in 2018. The dominance of the APAC region is mainly attributed to the massive demand for electric two-wheelers in China. Moreover, the Chinese government is actively making efforts to reduce vehicular pollution by implementing restrictions on gasoline-driven vehicles, which majorly contributes to the rapid adoption of electric alternatives. Additionally, Chinese consumers have been receiving cash incentives in the form of subsidies, which is further encouraging them to shift to these vehicles.
Apart from the APAC region, the North American and European regions show promising growth prospects for the two-wheeler hub motor market. The introduction of stringent government norms as well as high environmental concerns have the potential to spur the market growth in these regions.

Competitive Landscape of Two-Wheeler Hub Motor Market

The global two-wheeler hub motor market is highly fragmented in nature. The top five players in the market together accounted for less than 40.0% of the market revenue in 2018. Yadea Technology Group Co. Ltd. was the market leader, followed by Robert Bosch GmbH, Ananda Drive Techniques Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., and Zhejiang Luyuan Electric Vehicle Co. Ltd.

Read More

What is the current scenario of the global automotive tire market?

The global automotive tire market registered revenue of $155.3 billion in 2018, which is expected to reach $237.2 billion by 2024, growing with a CAGR of 7.7% during 2019–2024. In terms of vehicles, the passenger cars category held the largest share in the market during the historical period.
However, the fastest growth in the automotive tire market is projected to be observed by the medium & heavy commercial vehicles category, during the forecast period. This is attributed to the rising demand for these vehicles in the manufacturing industries across the world. For instance, as per the American Trucking Associations (ATA), the U.S. truck transportation volume grew by 4.2% in 2018, owing to the rebound of the manufacturing industry, along with rising economy, in the U.S.

The growing demand for next-generation, high performance tires is a popular trend being witnessed in the automotive tire market, across the world. The mainstream adoption of these tires is encouraging tire makers across the world to invest in new technologies for the development of ultra-high-performance tires to increase the speed and overall performance of the tires. Many manufacturers are developing these tires by employing patented technologies, specialized silica compounds and polymers, and unique tread designs to meet changing consumer demands and achieve desired performance. Moreover, with the increasing demand for automotive tires, various tire manufacturers are producing high-performance tires with season driving abilities, rider comfort, and less tread wear. Thus, the introduction for next-generation, high-performance tires is one of the key trends being seen in the market.

What are the factors impacting the growth of this market?

1. Rising Popularity of Next-Generation, High Performance Tires is an Existing Trend Witnessed in the Market

1. Improved Lifespan of Vehicles is Propelling the Growth of the Market

Geographical Analysis of Automotive Tire Market
Geographically, APAC is expected to continue being the largest market for automotive tires in the coming years. The region comprised over 55% volume share of the market in 2018. The market in the region is primarily driven by increasing automobile production, rising gross domestic product (GDP), and increasing disposable income of people in emerging economies, such as China and India. Further, the North American market is also growing rapidly on account of the growing number of heavy investments (domestic and international) by several manufacturers in recent years.


Some other players, who held significant share in the automotive tire market in 2018, include Sumitomo Rubber Industries Limited, Pirelli & C. S.p.A., Hankook Tire Company Limited, and The Yokohama Rubber Company Limited.

Read More

United State Connected Car Market grow nearly 20.8% by 2023

With the advent of internet of things (IoT) and vehicle-to-vehicle (V2V) connectivity solutions, the connected car market has grown significantly in recent years. Specifically talking about the U.S. connected car market, it generated revenue of $12,354.8 million in 2017 and is expected to reach $37,350.1 million by 2023, witnessing a CAGR of 20.8% during the forecast period (2018–2023).

Connected cars have connectivity equipment that allows them to share content with a range of devices within and outside their environment. V2V connectivity allows wireless transmission of data between motor vehicles using IoT technology. It facilitates the exchange of data, such as vehicle speed and the distance from another vehicle, between connected vehicles on a real-time basis. Thus, the demand for enhanced vehicle connectivity solutions continues to drive the U.S. connected car market growth.

For instance, in 2017, Japan’s DENSO Corporation entered into a partnership with FotoNation, an image recognition technology developer, with the objective of using FotoNation’s technology to improve the performance of its Driver Status Monitor for enhanced driver safety in connected cars. A year later, DENSO acquired a stake in the U.S. start-up, Metawave Corporation, to deploy Metawave’s radar-sensing technology in its automated radar system for connected cars to help detect pedestrians and vehicles on the way.

Although connected cars offer enhanced driving experience, they are vulnerable to security threats. Connected cars solely depend on the internet, and their crucial components are interconnected via a network, which opens doors to a serious threat of hacking. However, original automotive equipment manufacturers are striving to find the solution to counter such threats and improve vehicle safety and security. Thus, the continuous research and development in the field is predicted to drive the growth of the U.S. connected car market.

Hence, it is clear that the nationwide demand for improved road safety along with the advent of advanced technologies is expected to drive the domain’s growth in the coming years...Read More

Read More

European Union Point-of-Care Ultrasound Device Market Set for Prosperity in Future

One of the major factors propelling the surge in the demand for point-of-care ultrasound (PoCUS) devices in the European Union (EU) is the increasing prevalence of lifestyle-related and chronic diseases, such as cancer and cardiovascular diseases (CVDs), in the region. As per the European Society of Cardiology, in 2017, the deaths caused due to CVDs came out to be 37% of the total deaths in the EU. The World Health Organization (WHO) had estimated the number of deaths caused by cancer to reach 1.4 million in the EU by the end of 2019, though the actual number might have been higher.

The soaring geriatric population in various countries in the EU is also massively pushing the demand for PoCUS devices. For instance, primary care physicians employ the use of these devices for non-invasively evaluating urinary incontinence in elderly people, screening patients for abdominal aortic aneurysm (AAA) and prostatic enlargement, and assessing cardiac function in outpatient settings. Driven by these factors, the EU PoCUS device market is projected to generate $230.9 million by 2024, growing with a 6.1% CAGR during 2019–2024 (forecast period).

In the EU, the highest adoption of PoCUS devices was witnessed in Germany in 2018. The main factors responsible for the high adoption rate of these devices in Germany are the  increasing prevalence of chronic diseases, mushrooming number of hospitals and diagnostic centers, and the rising healthcare expenditure in the country. Moreover, the country is home to a surging geriatric population, around 28.0% of its total population in 2017, according to the United Nations World Population Ageing Report, which is causing a huge surge in the demand for PoCUS devices, and thus the EU PoCUS device market advance in the country.

Therefore, it can be concluded that due to the rising prevalence of chronic diseases, soaring geriatric population, and rapid technological advancements in electronics, computing applications, and transducers, which have revolutionized ultrasound devices over the last few years, the demand for PoCUS devices is set to witness a huge surge in the coming years.

Read More

What is development driving components of Conductive Polymers industry?

In 2017, North America was the largest revenue contributor to the conductive polymers market, with more than 55.0% share. Due to the continuous advancements in technology for the upgradation of electronic products by key players, the market grew steadily in the region. Conductive polymers have a wide application area, owing to their numerous benefits, such as electromagnetic shielding of electronic circuits, the potential to be used as anti-static coating material to hinder the electrical discharge exposure on photographic emulsions, and possession of optical and electronic properties generally associated with inorganic compounds and metals. 

Get a Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/conductive-polymer-market/report-sample

Conductive polymers have a large scope in the electrical and electronics industry, owing to the increasing consumer demand for technologically advanced products. There has been a rise in the demand for displays, flexible and wearable electronics, and other inorganic semiconductors. Further, the demand for lightweight and high-performance materials for electronic items, such as laptops, cell phones, and gadgets, is also rising. Across the globe, the U.S., China, and Japan dominated the manufacturing of these products, thereby driving the conductive polymers market. 

The global conductive polymers market is growing due to the increasing preference for lightweight and high-performance electronic products, as well as a growing demand for polymers in a wide range of applications. Conductive polymers, in simple terms, are organic polymers, through which electricity flows easily. These polymers can act as both metallic conductors and semiconductors.

Make Enquiry Before Purchase @  https://www.psmarketresearch.com/send-enquiry?enquiry-url=conductive-polymer-market

The economy of emerging nations is driven by increased foreign direct investments in different sectors, particularly in industrial manufacturing. Rapid industrialization in these nations in the last few decades has brought a significant change in the use technology to increase the production of goods. Some of the major industries witnessing rapid technological advancements include electronics and automotive, in which these polymers are widely used. 

With the rapid growth in the sales of automobiles and electronic products in emerging economies, the demand of these polymers is expected to increase during the forecast period, creating growth opportunities in the conductive polymers market.

EMI shielding refers to the protection against electrostatic discharge (ESD) of electronic devices. The effects of electromagnetic interference are becoming more and more pronounced, caused by the demand for high-speed electronic devices operating at higher frequencies; intensive use of electronics such as computers, communication equipment and cars; and the miniaturization of these electronic devices.

Read More

What are the snags being developed to fire extinguishers showcase?

The global fire extinguishers market is projected to reach $6,452.3 million in 2023, attaining a CAGR of 6.2% during forecast period 2017–2023. The market is expected to grow owing to the implementation of stringent fire safety norms and growing construction activities. A fire extinguisher is a cylindrical device that is made up of a pressure vessel that contains carbon dioxide, water, dry powder, or foam, which is sprayed on a burning substance to kill the flames. 

Get a Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/fire-extinguishers-market/report-sample

For many years, the fire extinguishing technology remained stagnant. However, solutions based on new and improved technologies are now making it to the fire extinguishers market. Advanced products such as sound-based fire extinguishers are expected to cause a revolution in the fire-fighting domain across the globe. Sound-based fire extinguishers work by producing acoustic waves that intensify the air velocity, limiting the boundary layer of the combustion source. The fuel surface is interrupted by these acoustic waves, leading to a series of events which ultimately puts out the fire by restricting the combustion. 

Developed countries such as Canada and the U.S. and several in Europe have strict fire safety norms which mandate the installation of fire extinguishers in residential, commercial, and industrial facilities. Thus, the demand for fire extinguishers is quite high in these places. With increasing construction activities in emerging economies, such as Brazil, China, and India, the sale of extinguishers would increase owing to stringent fire-safety norms. The fire extinguishers market is expected to experience a boom during the forecast period due to growing awareness on fire safety in developing countries. 

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=fire-extinguishers-market

Another driving factor for the market is the rapidly increasing construction activities across the globe. High-income nations, such as Saudi Arabia, Japan, the U.S., and the U.A.E., are investing in modernizing their infrastructure. Similarly, emerging economies are also investing to build better infrastructure facilities for both residential and commercial purposes. To ensure safety from accidental fires in the upcoming construction projects, the installation of fire extinguishers has become compulsory, which is aiding in the fire extinguishers market growth. 

The market is segmented by region, portability, end user, and product type. Based on portability, the market is classified into trolley mounted and portable firefighting equipment. The former type is majorly used in large warehouses and industrial plants, whereas the latter has a more versatile application area. Owing to its better performance and less response time, portable firefighting equipment is expected to advance at a higher rate during the forecast period.

Read More

Flourishing End-Use Industries Taking Cleanroom Consumables Market Forward

Growing at a 4.7% CAGR during the forecast period (2016–2022), the cleanroom consumables market is predicted to reach $10,933.4 million by 2022 from $7,938.7 million in 2015. Cleanroom consumables are specifically designed to be used in cleanroom facilities, such as laboratories, for scientific and industrial research and microprocessor and pharmaceutical manufacturing. The consumables include adhesive mats, cleanroom apparel, gloves, cleanroom hoods, cuff sealers, face masks, shoe and boot covers, wipes, bouffant caps, and beard cover. Cleanroom consumables help in manufacturing products with minimal chances of contamination.

The cleanroom consumables market is witnessing growth due to the flourishing biotechnology and pharmaceutical industry, which is one of the most significant users of these products. As the products manufactured by this industry have a direct effect on human health, their contamination-free manufacturing is of extreme importance. To ensure this, several guidelines under the Good Manufacturing Practices (GMP) are followed, which mandate the use of cleanroom consumables in manufacturing as well as handling these products. GMP-complied products are easily allowed for export, which, in turn, is influencing the sales of these consumables.

To Learn More About this Report: http://bit.ly/2VhvjZp

The demand for such products from the electronics industry is also instrumental in driving the cleanroom consumables market growth. Technological advancements have led to the development of hi-tech products, which are used in various applications. For instance, the development of an integrated circuit (IC), which consists of numerous capacitors, resistors, and transistor circuits, has revolutionized the industry. These circuits are extremely small in size and are crucial for the proper working of the equipment. They need to be maintained dust and contaminant-free, thereby necessitating the use of cleanroom consumables in manufacturing.

Therefore, the market for cleanroom consumables is expected to witness significant growth during the forecast period due to the expanding end-use industries.

Read More