Road Freight Transportation Market to Witness Growth due to Adoption of Industry 4.0

The transportation of goods from one place to another has always been a matter of importance. People are mostly aware regarding home delivery of things that they order online, however, it is but a miniscule part of road transport or road freight. Goods are transported on a daily basis from industries to wholesale stores or retail stores, or from wholesale to retail stores. This transportation of merchandise and goods via road, using vehicles such as vans or trucks, is referred to as road freight. While goods can now be transferred via air or ocean transport, road transport remains one of the most common ways of delivering goods.

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Road freight is effective, efficient and significantly cheaper than air freight. Swift urbanization and expanding e-commerce sector are among the key factors resulting in the rising demand for road freight. As the spending ability of people and awareness regarding e-commerce services is growing, the need for efficient and faster delivery systems is also increasing. It is because of all these factors, that the global road freight transportation market is projected to progress at a considerable rate in the coming years. Medium & heavy commercial vehicles and light commercial vehicles are utilized for road freight services.

The rapid industrialization and adoption of Industry 4.0 is further resulting in the growing need for road freight. The fourth industrial revolution is characterized by the use of internet of things, artificial intelligence, and connected devices, thereby automating various processes and operations in industries. Industry 4.0 is responsible for low-cost production of quality products at a much faster pace, which is important for catering to the needs of the growing population across the globe. Owing to this growing production of goods, road freight services will come into play for delivering the goods to consumers.

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Hence, the demand for road freight transportation services is growing due to the expanding e-commerce industry and adoption of Industry 4.0.  

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Factory Automation Efforts Propelling Industrial Brakes Market

The industrial brakes market is being driven by the increasing requirement for such devices in a wide range of sectors, which includes construction, manufacturing, oil and gas, and metal and mining. These factors are expected to propel the industry at a 3.0% CAGR during 2019–2024, which will lead to an increase in its size to $1,105.7 million by 2024 from $930.3 million in 2018. These devices are used to control the motion of cranes, packaging machines, wind turbines, construction machinery, metal and mining machines, tube machines, and marine and shipping machines.

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On the basis of industry, the industrial brakes market is classified into metal and mining, manufacturing, power generation, marine and shipping, construction, and others, wherein ‘others’ includes aerospace, military, entertainment, printing, transportation, and oil & gas. Among all these, the manufacturing category dominated the market in 2019 owing to the heavy investments being poured for setting up new manufacturing plants and modernizing the existing ones. Additionally, regulations mandating a safe working environment in factories are being implemented around the world, thereby driving the demand for brakes.

A lucrative opportunity area for the players in the industrial brakes market is the adoption of the industrial internet of things (IIoT). The Industry 4.0 revolution aims for the creation of smart factories with reduced energy consumption and automated operations. Here, brakes equipped with sensors are being used, with the sensors preventing any unauthorized movement of the machine, by leveraging artificial intelligence. Such brakes could also improve the working conditions, such as by stopping the movement of cranes carrying heavy stuff should anyone come below it.

Hence, the growing manufacturing industry due to government initiatives and rising purchasing power of the masses will propel the market for industrial brakes.

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Unprecedented Growth Expected in European Carsharing Market in Future

The presence of favorable government policies and measures in many European countries and cities is one of the important factors responsible for the soaring adoption of carsharing services in Europe. For instance, the Mayor of London announced, in 2018, his plans of building public parking spaces in the city that would significantly reduce the private ownership of cars and facilitate car parking in the city. Similarly, the Mayor of Paris announced, in April 2017, her plans of making the city the first post-car city in the world.

Powered by the above-mentioned factors, the European carsharing market is predicted to register huge growth in the coming years. The most widely used types of cars in the carsharing services in the region are—luxury, executive, and economy class cars. Out of these, the adoption of economy class vehicles was found to be the highest in the carsharing services in Europe in the past. This is mainly credited to the higher fuel efficiency and lower requirement of maintenance services in these cars.

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One of the prominent trends currently being observed in the European carsharing market is the rising deployment of electric vehicles in the carsharing fleets by the carsharing service providing companies in Europe. EVs are being increasingly adopted in carsharing services, on account of the global warming and environmental damage caused by the emissions from the fossil-fuel powered cars. Moreover, the electric cars require lesser maintenance and have lower total cost of ownership (TCO) as compared to the conventionally used vehicles and are thus, being increasingly preferred in carsharing services.

Hence, it can be said with full surety that the demand for carsharing services will shoot-up across Europe in the coming years, owing to the increasing road congestion in several European cities, rising popularity of shared mobility solutions, and the presence of numerous government policies supporting the adoption of carsharing services in the European countries.

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Market Segmentation:

Based on Car Type

• Economy
• Executive
• Luxury

Based on Propulsion

• Electric
• Fuel-Based

Based on Model

• Peer-to-Peer (P2P)
• Round-Trip
• One-Way Trip

Based on Application

• Business
• Private

Geographical Analysis

• Germany
• U.K.
• France
• Italy
• Spain
• Netherlands
• Rest of Europe

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Asia-Pacific to Witness Rapid Expansion in Dye-Sensitized Solar Cells Market in Future

The global dye-sensitized solar cells market size generated a revenue of $28,451.4 thousand in 2017 and is predicted to reach a valuation of $60,589.4 thousand by 2023. Furthermore, the market will grow at a CAGR of 13.2% between 2018 and 2023. The increasing requirement for solar energy and the implementation of strict government regulations in several countries regarding the usage of solar modules are the main factors driving the progress of the market.

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The global demand for sustainable and clean power is rapidly increasing, on account of the rising concerns being raised over the escalating carbon emissions, energy security, and the surging abnormalities in weather conditions around the world. With the signs of climate change becoming more prevalent, many governments are increasingly preferring renewable sources of energy such as solar energy over the conventionally used fossil fuels. Dye-sensitized solar cells have the ability to boost the popularity of solar energy in the future.

Geographically, the dye-sensitized solar cells market would register the fastest growth in the Asia-Pacific (APAC) region in the future years, as per the estimates of P&S Intelligence, a market research company based in India. The rising implementation of strict government regulations is predicted to boost the adoption of renewable sources of energy such as solar in the developing countries such as India, China, Vietnam, and Thailand in the coming years. 

Thus, it is quite clear that the market will record huge expansion across the world in the coming years, mainly because of the rising popularity of solar energy and the increasing implementation of favorable government policies regarding the usage of solar energy for power generation in several countries around the world.

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Application of Cleanroom Consumables Rising in Pharmaceutical Industry

Cleanroom consumables are essential for the manufacturing of products in the pharmaceuticals and biotechnology sector, as these help in maintaining the product quality throughout the production process. Thus, the growing focus on sterile manufacturing in this sector will augment the demand for cleanroom products in the coming years.  Moreover, the production of medical devices and small-sized, high-efficiency equipment based on nanotechnology needs a contamination-free environment. Thus, the increasing focus on nanotechnology is expected to propel the demand for cleanroom consumables in the coming years.

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Moreover, the increasing healthcare regulations are escalating the adoption of cleanroom consumables in the pharmaceutical and medical device industries. According to the World Health Organization (WHO), quality assurance is mandatory during the clinical trials of pharmaceutical products, and the process should comply with the good clinical practices (GCP). Additionally, the production process of sterile pharmaceutical products needs to comply with the guidelines laid down by the Pharmaceuticals and Medical Devices Agency (PMDA), Medicines and Healthcare Products Regulatory Agency (MHRA), and other similar government agencies. According to P&S Intelligence, such stringent norms will drive the cleanroom consumables market in the coming years.

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With time and the increasing environmental awareness, eco-friendly cleanroom consumables are becoming popular in industries. Since these products are usually disposed of after a single use, they increase the contamination and pollution levels in the environment and lead to waste generation. Certain countries have banned single-use plastics, while several others are mandating companies to incorporate a certain percentage of plastic waste into the production of other stuff. This is why single-use gloves, boot covers, and lab coats are now being recycled and transformed into sustainable consumer products, such as plastic chairs and plastic benches.

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Boom Expected in Global Cleanroom Doors Market in Future

The rising usage of roll-up doors in cleanrooms, on account of their numerous advantages, such as the ability to maintain the air pressure differential in cleanrooms and less-space-occupying characteristics, as compared to the other doors, is one of the biggest factors contributing to the increasing adoption of cleanroom doors, especially in the pharmaceutical and biotechnology industries and research laboratories across the world. Additionally, the expansion in these industries in several countries is further pushing the need for cleanroom doors, owing to the requirement for a contamination-free environment for the production of vaccines and drugs.

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Driven by the above-mentioned factors, the global cleanroom doors market is expected to exhibit consistent growth in the coming years. In the medical industry, cleanrooms are highly sought-after, especially due to the surging need for enhanced healthcare facilities and products and the soaring geriatric population in numerous countries around the world. These rooms are equipped with several features, which help in lowering the amount of chemical vapors, microbes, dust, and aerosol particles, in order to offer a completely pollutant-free environment.

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Therefore, it can be said that due to the burgeoning demand for higher quality products and equipment, especially from the medical, pharmaceutical, and biotechnology industries, increasing awareness amongst the people regarding hygiene and sterilization, and rising quality standards related to the production of drugs and medical equipment, the demand for cleanroom doors is expected to observe a significant increase in the coming years.

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Why Are Pre-Insulated Pipes Installed in Green Buildings?

The California Long-Term Energy Efficiency Strategy Plan implemented by the California Public Utilities Commission (CPUC) mandates that only net zero energy buildings (NZEBs) be constructed in the state, beginning 2020. Apart from the U.S., China, the U.K., Brazil, Canada, India, Australia, and Germany are also encouraging the construction of NZEBs. These buildings are designed to produce their own electricity and use only as much as they create on-site. Apart from this, such infrastructure must be highly energy-efficient, so that any extra electricity, generated through renewable resources on-site, can be fed to the grid.

As per P&S Intelligence, the increasing development of NZEBs will drive the pre-insulated pipes market from $5,568.5 million in 2018 to $9,597.9 million by 2024, at a 9.7% CAGR during 2019–2024 (forecast period). This is because pre-insulated pipes are an important part of such buildings, keeping the fluids flowing through them cold or hot, by preventing heat loss. These pipes are used to minimize the consumption of electricity for cooling and heating purposes.

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The highest usage of such pipes is presently witnessed in North America, as the construction and chemical processing industries are growing in the region and the adoption of DHC is rising. In the years to come, the demand for such products is expected to increase at the highest pace in Europe, on account of the rapid construction of NZEBs, implementation of strict building energy efficiency standards and codes, and increasing retrofitting and renovation activities for old buildings.

Therefore, as construction activities pick up with a strong focus on conserving electricity, the usage of pre-insulated pipes is set to rise.

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