ReleaseWire Connect

Increasing number of automotive manufacturers are using plastics in the car. This trend of using plastic is also increasing as it helps in reducing the weight of the car. Hence, automotive addictive manufacturers are producing anti-scratch additives that can be used for interior and exterior applications. Manufacturers are also significantly investing in order to increase the speed and reduce production time involved in additive manufacturing. Meanwhile, additive manufacturers are also trying to produce new additives that can provide protection against scratch by reducing the friction. Increasing popularity of panoramic roofs in vehicles is also resulting in the heat and high UV light damaging the interior of a vehicle, hence light stabilizers are being provided to protect vehicle against UV rays. Using different materials for additive manufacturing can also open up possibilities for new design and for development of innovative end-products.

The global vibration motors market is likely to grow at a double-digit CAGR and reach nearly US$ 10 Bn in revenues by the end of forecast period 2017-2026. According to the report, demand for vibration motors is increasing on account of its wide-ranging applications in various end-use industries. The report offers market forecast and analysis on the global vibration motors market, giving users comprehensive insights and analysis on the key factors that are likely to fuel the growth of the market during the assessment period.

Engineers who are concerned with the design of various devices in all the industries are facing the ever increasing challenge of making the products with maximum efficiency while reducing the size of such devices to the minimum. Typically, design engineers are looking for deriving more power from a smaller device, which has a greater efficiency and also possesses a longer life. This is done in order to reduce the consumption of power and encourage simple usability in the case of handheld devices. This is where the use of small motors comes into the picture. In the present times, small motors find a variety of applications such as in surgical power tools, in medical devices, infusion systems, industrial power tools, clinical diagnostics, aerospace, and in the field of automation and robotics.

As the production of cars increases all over the world and the vehicle parc also increases, the market for car radiators will exhibit a steady growth. Also, due to the stringent emission norms, the global automotive industry is developing more fuel efficient and emission free vehicles. Due to this, the global automotive manufacturers are laying more emphasis on the development of hybrid and electric cars. This is also positively affecting the growth of the global car radiator market.

Growing need for faster production process of electronic products has led to an upsurge in demand for motion control systems globally. In addition, surge in demand for intelligent technology is expected to impact growth of the global market positively. Fact.MR states that the global motion control market is expected to reflect a CAGR of 5.0% over the forecast period, 2017-2026.

With the growth in the development of electric vehicles, the demand for EV traction motor is also rising. Moreover, traction motors can be used in both hybrids as well as electric vehicles. Also, with the introduction of stringent regulations on emission across the globe is also driving the demand for electric vehicles, thereby resulting in the growth of EV traction motor market. The government in various countries are also offering incentives and subsidies for electric vehicles such as tax exemptions, tax credits, etc., resulting in the increasing demand for electric vehicles. Hence, increasing demand for electric vehicles will automatically drive the EV traction motor market. Moreover, manufacturers are also focusing on developing advanced traction motors by investing in research and development activities.

As the need for enhanced automotive transmission system increases, demand for automotive powertrain is projected to increase significantly. In addition, imposition of various government regulation regarding reduction of the emission level will continue to impact the global market growth of automotive transmission positively. Fact.MR states that the global market of automotive powertrain is projected to reflect a CAGR of 5.2% over the forecast period, 2017-2026.

Expansion of industries with increasing production around the world is resulting in the growth of industrial motor. Moreover, increasing cost of electricity is leading towards the rising demand for energy efficient and cost-effective industrial motor. Hence, manufacturers are focusing on developing industrial motor with a new design and lightweight to make it easy to use across various industries. Increasing awareness regarding the depletion of water resources and growing need for water recycling is also contributing towards the growth of industrial motor market. Manufacturers are also moving towards integrating smart sensors in the industrial motor to reduce downtime and extend the lifetime along with the low energy consumption.  Manufacturers are also focusing on the control system for industrial motor that helps in reducing the energy consumption.

Excavation is among the key industrial processes across multiple sectors, from mining to construction and aerospace. With growing population, developed and developing countries are witnessing maximum utilization of physical spaces. As the spaces become more confined, carrying out excavation processes is becoming a challenging tasks. Compact excavators have emerged as the ideal solution for carrying out digging processes in confined spaces. Over the recent past, the trend of miniaturization has fairly treaded the automotive sector. Manufacturers of industrial vehicles are shifting towards creating compact vehicles. This has furnished the manufacturing compact excavators.

Manufacturers of standard earthmoving equipment tyres are focusing on including advanced features such as cushion holes, better sidewalls, advanced rims, and shock absorption. Along with providing earthmoving equipment tyres, manufacturers are also focusing on offering additional services including repairing, refurbishing, maintenance, remanufacturing, and rental services. Increasing use of technology for achieving increased durability including resistance to heat and reduced rolling resistance is also likely to create an opportunity for manufacturers. With the growing trend of real-time tracking, off-the-road tire manufacturers are also moving towards providing real-time monitoring facility to monitor the overall working condition of the tyres. Also, the trend of retreading instead of tire replacement is gaining momentum, as retreading of tire can help fleet operators reduce operating cost and is also cheaper than replacing tyres.