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Vehicle Tracking System Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

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 Overview

Vehicle tracking system market size is forecast to surpass $14.6 billion by 2025 growing at CAGR 14% during 2020-2025 owing to the growing demand for the live tracking for transit and passenger transportation services globally. Apart from this, the increase in adoption of fleet management in the e-retail space to enhance customer experience by availing real time package tracking to assist the market growth during the forecast period

Report Coverage
The report: “Vehicle Tracking System Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Vehicle tracking system Market. 
 
Key Takeaways
  • Active vehicle tracking system to dominate the market as well as grow at the highest rate during 2020-2025 owing to the increasing preference to live mobile vehicle tracking 
  • Passenger vehicle acquired the major share of the  vehicle tracking system market owing to the adoption of usage based insurance and growing passenger transport fleet operators
  • Retail vehicle tracking system market segment to witness the highest growth during 2020-2025 due to the increase in the influx of e-retail companies in the market space
  • APAC to witness the highest growth during the forecast period due to the rise of ride sharing and rental rides companies in the emerging economies 

Product Type - Segment Analysis
Active vehicle tracking system market held the majority of the share in 2019 and is also estimated to grow at the highest rate during 2020-2025 owing to the increase in demand for passenger ride services for office commutation and general commutation with mobile based live tracking of the vehicles. 

Vehicle Type - Segment Analysis
By vehicle type, the global vehicle tracking system market has been segmented by commercial and passenger vehicle. The passenger vehicle tracking system market held the major share of the market in 2019 owing to the broad based of fleet operators in developed economies and rapid increase of the same in emerging economies. The commercial vehicle segment is set to witness the highest growth during 2020-2025 owing to the increase in penetration of fleet management in the commercial transportation and logistics segment which mandates the incorporation of tracking systems in the vehicle to geofencing, asset tracking, fleet monitoring and other applications. The rise in rental self-drive vehicle demand and increase in usage based insurance in this sector is set to assist the market growth for vehicle tracking system during 2020-2025

Industry Vertical- Segment Analysis
The various industry verticals comprehended in the global vehicle tracking system market includes transportation and logistics, construction, retail, government and others. Retail vehicle tracking market is set to witness the highest growth of CAGR 16% during 2020-2025 owing to the rapid increase in the entry of companies in the e-retail sector. Since these offer live package tracking of the deliveries, the demand for vehicle tracking systems is also set to grow as these systems will be incorporated by the in-city logistics fleet. 


Geography - Segment Analysis
North America acquired the significant share of 40% of the global vehicle tracking system market in 2019 owing to the major users of fleet management for commercial vehicles in the transportation and logistics vertical. APAC is also set to witness the highest growth during 2020-2025 owing to the broad passenger vehicle user base, increase in the entry of ride sharing and rental car companies during the forecast period. 

Some of the biggest rental car startups across the globe includes eHI Car Services, Zuche, PPzuche, Reocar, Turo, Atzuche, iCarsclub, Zipcar, Silvercar, Drivy, Zoom Car and so on. The growing rental car startups across the globe is set to drive the vehicle tracking system market during the forecast period

Drivers – Vehicle Tracking System Industry Trends
  • The growing use of fleet management solutions
With the growing adoption of fleet management solutions in the commercial fleet tracking applications, has been analyzed to drive the demand for vehicle tracking system for vehicle monitoring, fuel management, compliance management, driving behavior, maintenance management and so on. The growing fleet size in the logistics and transportation vertical for intercity and in-city goods transport is set to play a major role in driving the adoption of various tracking systems based on GLONASS and GPS tracking thereby assisting the market growth during 2020-2025. 

Challenges – Vehicle Tracking System Market
  • Growing adoption of Smartphones
The growing number of smartphones across the globe is set to impose a severe challenge to the vehicle tracking system market. Smartphones feature inbuilt GPS positioning and navigation system which can be used as an alternative to vehicle tracking system. Apart from this, the growing use of smartphone applications for vehicle tracking, driver activity tracking and so on to further increase the impact of the challenge during the forecast period 2020-2025

Market Landscape
The vehicle tracking system market share analysis includes an in-depth assessment of the players operating in the market based on company size, global reach, product portfolio and various others. The Vehicle Tracking System top 10 companies includes Continental Ag, Delphi Automotive, Magna International Inc, Robert Bosch Gmbh, ATrack Technology Inc, Maestro Wireless Solutions Ltd., Comm-Port Technology, Teletrac Navman US Ltd, CalAmp Corp., Orbocomm Inc. and so on. The vehicle tracking system market has been analyzed to be fragmented with the degree of competition in the market owing to the high concentration of major as well as local suppliers

Product Launch and Acquisition
  • In July 2018, U-blox and Arvento Mobile Systems launched the imt.x1 vehicle tracking system, which uses U-blox’s positioning technology to detect panic braking
  • In November 2018, U‑blox and ERM Advanced Telematics, a provider of device based telematics systems, launched  StarLink TrackerWi‑Fi, a vehicle-tracking device with built-in Wi‑Fi hotspot
  • In July 2019, Ford Motor Company announced the acquisition of Journey Holding Corporation, for its vehicle tracking software and app-based technology for enhancing its mobility business services

Location: United States

Topical Pain Relief Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

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 Topical Pain Relief Market size is forecast to reach $11.78 billion by 2025, growing at a CAGR of 6.25% during the forecast period 2020-2025. Topical Pain Relief is designed to relieve pain that is sprayed on, rubbed in, or applied as patches onto the skin over painful muscles or joints. An increase in the prevalence of arthritis and other bone-related conditions are the major factors driving the growth of the market. Rising geriatric population and the increase in the adoption of topical pain relief by sports players is set to further enhance the overall market demand for topical pain relief during the forecast period 2020-2025.


Report Coverage

The report: “Topical Pain Relief Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Topical Pain Relief Market. 

By Type: Prescription Pain Relief, Over-The-Counter Pain Relief
By Therapeutic Class: Non-Opioids, Nonsteroidal Anti-Inflammatory Drug, Methyl Salicylate, Capsaicin, Lidocaine, Opioids, Buprenorphine and Fentanyl
By Formulation: Cream, Gel, Spray, and Patch
By Distribution Channel: Pharmacy Drug Store, E-Commerce, Others
By Geography: North America, Europe, Asia Pacific and Rest of the World (RoW)

Key Takeaways

  • North America dominated the Topical Pain Relief Market in 2019 owing to the rising geriatric population and increasing incidences of sports injury. The Topical Pain Relief Market scope for different regions will be provided in the final report.
  • Increase in demand for topical pain relief by sports players and rise in adoption of topical pain relief is likely to aid in the market growth of the topical pain relief market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Topical Pain Relief Market report.
  • Topical Pain Relief Medications can irritate skin and odor or unpleasant smell of topical pain relief is set to create hurdles for the Topical Pain Relief Market.

Therapeutic Class- Segment Analysis

The non-Opioids segment held the largest share in the Topical Pain Relief in 2019 and is estimated to grow at a CAGR of 5.41% during the forecast period 2020-2025.This is owing to the high preferability and availability of non-opioids drugs. Nonopioids are further segmented into   Nonsteroidal Anti-Inflammatory Drug,   Methyl Salicylate,   Capsaicin, and Lidocaine. Lidocaine is a local anesthetic that works by causing temporary numbness or loss of feeling in the skin and mucous membranes. Topical non-steroidal anti-inflammatory drugs provide good levels of pain relief in acute conditions such as sprains, strains, and overuse injuries, probably similar to that provided by oral nonsteroidal anti-inflammatory drugs. The tricyclic antidepressants most commonly used in the treatment of neuropathic pain are amitriptyline, imipramine, nortriptyline, and desipramine, as they all are potent norepinephrine reuptake inhibitors. Capsaicin topical is used for temporary relief of muscle or joint pain caused by strains, sprains, arthritis, bruising, or backaches. Capsaicin topical is also used to treat nerve pain (neuralgia) in people who have had herpes zoster or shingles. Cannabinoid receptors and endocannabinoids are present in pain circuits from the peripheral sensory nerve endings up to the brain. Cannabinoid receptor agonists modulate nociceptive thresholds by regulating neuronal activity, but they also relieve pain by acting on non-nervous tissues. The Non-Opioids is set to be the highest growing segment and is estimated to register highest CAGR during the forecast period 2020-2025.


Distribution Channel - Segment Analysis

E-Commerce segment held the largest share in the Topical Pain Relief in 2019 owing to the significant increase in digital literacy among the global population. Large population and surge in awareness about topical pain relievers among patients, rise in prevalence of diseases associated with chronic pain among the population, high awareness about the side effects caused by systemic administration of drugs and increase in the number of people suffering from migraine and schizophrenia are boosting the growth of the topical pain relief market. E-Commerce is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.

Geography - Segment Analysis

North America dominated the topical pain relief market in 2019 with a share of more than 37.6% followed by the Asia Pacific. This is owing to the high population base, increase in disposable income, and improvement in patient awareness about topical pain relief products. High awareness about the side effects caused by systemic administration of drugs and an increase in the number of people suffering from migraine & schizophrenia along with the awareness and improvement in access of healthcare medication & education is set to increase the growth of the topical pain relief market in the North America region.
However, Asia-Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the rise in prevalence of chronic diseases including cancer, arthritis, and diabetes among others coupled with the increase in investments by various multinational companies. An increase in the old age group population and unhealthy food habits with the rise in awareness among patients about the adverse effects of particular drugs and associated pathways, increase in the number of patients undergoing prolonged treatment for diseases such as skin cancer is set to increase the growth of the topical pain relief market in the Asia Pacific region.

Drivers – Topical Pain Relief Market

  • Increase in prevalence of arthritis and other bone-related conditions

An increase in the prevalence of arthritis and other bone-related conditions is increasing the growth of the topical pain relief market owing to the development of an online platform for the topical therapeutics and high potential in untapped markets in the emerging economies.  The rise in prevalence of chronic diseases including cancer, arthritis, diabetes, growing demand in sports and athletic player, growing awareness of online pharmacy and others along with an increase in investments by various multinational companies and high demand for topical pain relievers among athletes and lesser side effects as compared to conventional oral medicines. Thus, increasing the growth of the topical pain relief market during the forecast period 2020-2025.

  • Increase in geriatric population and the increase in the adoption of topical pain relief by sports players

Increase in geriatric population and the increase in the adoption of topical pain relief by sports players are increasing the growth of the topical pain relief market owing to the rise in adoption of topical pain relief products as they cause lesser side effects as compared to oral pain relief, upsurge in geriatric population across the world, increase in disposable income, and improvement in patient awareness about topical pain relief products and increase in demand for topical pain relief by sports players. Thus, increasing the growth of the topical pain relief market during the forecast period 2020-2025.

Challenges – Topical Pain Relief Market

  • Topical pain relief medications can cause irritate skin and they have a strong odor or unpleasant smell  

Some of the factors which can impede the growth of the topical pain relief market are it causes irritated skin and they have a strong odor or unpleasant smell.

Topical Pain Relief Industry Outlook

Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the topical pain relief market. In 2019, Topical Pain Relief Market share is consolidated by the top ten players present in the market. Topical Pain Relief, top 10 companies are Advacare Pharma, Glaxosmithkline Plc, Johnson Johnson, Nestl S A, Pfizer Inc., Reckitt Benckiser Group Plc, Sanofi, Sun Pharmaceutical Industry Ltd and Topical Biomedics Inc among others.


Acquisitions/Product Launches

  • In January 2019, Glaxosmithkline Plc acquired Tesaro.
  • In January 2020, Novartis Ag acquired The Medicines Company.

For more Lifesciences and Healthcare related reports, please click here

Location: United States

Synthetic Fabric Market By Type (Acetate Fabric, Acrylic Fabric, Chiffon Fabric, Denim Fabric, Georgette Fabric, Nylon Fabric, Polyester Fabric, Rayon Fabric, Spandex Fabric, Viscose Fabric, And Others) And Application (Construction, Automotive, Healthcare, Apparel, Household, And Others) -Global Forecast 2020 To 2025

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 Overview

Synthetic Fabric Market size is forecast to reach $72,892.07 million by 2025, after growing at a CAGR of 3.2% during 2020-2025. The Synthetic Fabric is driven by high demand from fashion and apparel industry. The construction and automotive industries will further support the growth of synthetic fabric market during forecast period.  

Cuprammonium rayon is one of the synthetic fabrics that most closely resembles silk, so it’s often used to replace garments traditionally made with this natural fiber. Cuprammonium rayon cannot be washed in hot water, and unlike natural fibers like wool, cuprammonium doesn’t burn cleanly. Lycra fabric is a brand name for elastane, which is a highly elastic synthetic fabric. Despite having different names, Lycra, spandex, and elastane are all the same material, and these fabrics can stretch to 5-8 times their usual size. Polybenzimidazole fiber is a synthetic fiber with a very high decomposition temperature and doesn't exhibit a melting point. It has exceptional thermal and chemical stability and does not readily ignite.


Report Coverage

The report: “Synthetic Fabric Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Synthetic Fabric Industry.


Key Takeaways

  • APAC dominates the Synthetic Fabric market owing to strong presence of textile, home furnishing, and automotive industry.
  • R&D activities on conductive textiles and nanotechnology in textiles are expected to provide potential growth opportunities.
  • The rising consumer interest in home furnishing boosts market segment growth.

 

Type - Segment Analysis

Polyester Fabric held the largest share in the Synthetic Fabric market in 2019. Polyester is a manmade fiber known for its superior properties which makes it suitable for Synthetic Fabric applications. The world polyester production for 2016 was 76.66 million tons, including the recycling part. Filaments accounted for 44 percent of total production and dominates the global market followed by staple, comprising 20.2 percent of global sales market share. The other segments include PET Resin shared (27.5%), Film had a market share of (5.3%) and other resins with (2.9%) according to Plastics Insight. The polyester fiber market has grown to such an extent that it represents half of the overall global fabric market. Most of the demand for polyester is from APAC region where the fast growing automotive and textile industry has been consuming high amount of polyester.  

End Use - Segment Analysis

Apparel Industry accounts for the highest market share in the global Synthetic Fabric market and is expected to grow at a CAGR of 5% over the forecast period from 2020 to 2025. The apparel industry is an ever-growing market with key competitors being the countries China, European Union, the United States and India. The clothing sector is growing at an unprecedented rate because of changes in the world of garments. According to Trade Map, Asia registered 35% of apparel export to Europe, followed by 30% within Asian countries, 27% in North and South America, 8% to rest of the world in terms of value in 2016. The growth in apparel sector will fuel the market for synthetic fabrics globally.

The other sector strengthening the Synthetic Fabric market is building and construction. The upsurge in infrastructural activities, will fuel demand for home furnishings.

Geography - Segment Analysis

APAC dominated the Synthetic Fabric market with a share of more than 45%, followed by North America and Europe. Globally, China and India are expected to be the key supplier as well as consumers of synthetic fabrics. India is one of the leading man-made fabric manufacturers in the world. Indian fabrics are known for their outstanding quality, colors and durability. Indian fabrics are set to take center stage in the global arena because of heavy investment, continuous development, new product mix and strategic business expansion. India’s MMF based textile manufacturing is largely focused towards low-value added and commodity products. Nevertheless, demand for synthetic fabrics with added value is growing rapidly around the world. Countries such as China, Taiwan and Korea are already manufacturing textiles based on high-end MMF.

Drivers – Synthetic Fabric Market

·         The cost competitiveness and shift on low cost fibers for clothing manufacturing.

Polyester has proven to be one of the most cost-effective and adaptable fiber and has increasingly picked up the bulk of new business growth. It is recyclable and can be blended with other fibers like cotton and spandex for performance requirements. The demand for polyester fabric continues to increase as the current athleisure fashion trend has resulted in very strong opportunities for growth.

Challenges – Synthetic Fabric Market

·         The U.S. and China's ongoing trade war will affect the textile and apparel industries, including manufacturing and other activities.

The ongoing trade war between U.S. and China will impact the textile market. According to the World Integrated Trade Solution, the U.S. is the top trading partner of China in terms of Textiles and Clothing, with a product export share of 9.88% in 2017. The trade war may hamper business between the U.S. and China. There is also speculation that the effect can be seen on the trading partners of U.S. and China. If there is decline in trade of textiles, then it will have a direct impact on textile chemicals owing to low demand from the textile industry.  

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Synthetic Fabric market. In 2019, the market of Synthetic Fabric has been consolidated by the top five players accounting for xx% of the share. Major players in the Synthetic Fabric Market are BASF S.E, Bayer AG, BP Amono Plc, Far Eastern Group, Fila Inc., Univex SA, and among others.

Acquisitions/Technology Launches

  • In November 2018, PrimaLoft introduced “PrimaLoft Bio Performance Fabric” which is 100 percent recycled biodegradable synthetic fabric. The basis of innovation is to improve fibre technology, which allows a highly accelerated biodegradation under certain environmental conditions. The product is expected to be commercially available from fall of 2020.

Location: United States

Steel Grating Market By Type (Stainless Steel Grating, Carbon Steel Grating, And Mild Steel Grating) And Application (Architecture, Petrochemical, Sewage Disposal, And Others) - Global Forecast 2020 To 2025

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 Overview

Steel Grating Market size is forecast to reach $61.74 billion by 2025, after growing at a CAGR of 7.90% during 2020-2025. The steel grating market is expected to grow during the forecast period as it is reliable, durable and strong with high tensile strength when compared to fiber grating and aluminum. Increase in applications and technological innovations in end-use industries is a major factor for the growth of steel grating market during the forecast period.


Report Coverage

The report: “Steel Grating Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Steel Grating Industry.


Key Takeaways

  • Government infrastructure development projects and several government initiatives to promote green buildings have resulted in rise in the construction of commercial and residential properties worldwide, thereby contributing to the market growth.
  • Asia-Pacific region overtop the steel grating market due to increasing demand majorly from residential construction and non-building construction.

By Type - Segment Analysis

Stainless steel grating segment held the largest share in the steel grating market in 2019. Stainless steel bar grating is a set of bearing bars coupled with perpendicular crossbars at different intervals to form a load-bearing panel ideal for use as a pathway for pedestrian and lightweight rolling traffic, which includes hand trucks, carts, and dollies. With an open-grid construction, this grating type requires minimal maintenance and provides superior light passage, air circulation and drainage. Carbon Steel grating is a heavy-duty product that can be used where open flooring is needed for light, air and heat transmission.

By Application - Segment Analysis

Sewage treatment held the largest share in the steel grating market in 2019 growing at a CAGR of 7.32% during the forecast period. Steel grating is widely used as a walkway and platform instead of concrete platforms to overcome obstacles or cross wastewater places in sewage treatment plants. Steel grating platform in sewage plant shares characteristics with good corrosion resistance, easy installation, easy removal, anti-skid, anti-rust and high bearing force.

Geography - Segment Analysis

Asia-Pacific dominated the steel grating market with a share of more than 41% during the forecast period.  In various countries such as China and India, high investments are being made for industrial growth and infrastructure development. Furthermore, expansion of the construction sector, especially in Asia Pacific is anticipated to drive the steel grating market during the forecast period.

Drivers – Steel Grating Market

·         Advancements in technology like high load capacity

The steel grating technology demands contains many aspects, the steel grating loads, material and the steel grating surface treatment. The solid and firm structure makes steel grating have high load-carrying capacity. Especially the swage locked grating and press-locked grating, which can supply the excellent lateral stiffness to the steel grating. The heavy-duty steel grating can not only available for pedestrians walking, but also permit the heavy-duty vehicles safely passing through.

Challenges – Steel Grating Market

·         Emission of carbon during the production of steel grating

The greenhouse gas of most relevance to the world steel industry is carbon dioxide (CO2). According to World Steel Organization, on average for 2017, 1.83 tons of CO2 were emitted for every ton of steel produced. The steel industry generates between 7% and 9% of direct emissions from the global use of fossil fuel. Hence, emission of carbon during the production of steel grating hinders the steel grating market during the forecast period.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the hydrofluoric acid market. In 2019, the market of steel grating has been consolidated by the top five players accounting for xx% of the share. Major players in the steel grating market are Amico Industrial Group, Harsco Corporation, Interstate Grating Inc, Lionweld Kennedy, Ningbo Jiulong Machinery Manufacturing Co Ltd, Nucor Corporation, Ohio Grating, and Sinosteel Corporation among others.

Acquisition

  • In February 2017, Fisher & Ludlow, Inc. acquired  the assets of Alabama Metal Industries Corporation's (AMICO's) bar grating facility as well as the bar grating equipment and related inventory at three other AMICO locations. Fisher & Ludlow fabricates steel and aluminum bar grating products that are sold under the brand name Nucor Grating.

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