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JTEKT Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, Hyundai Mobis, and Nexteer Automotive - Prominent Market Participants in Automotive Steering System Market

The constant technological advancements in the automotive sector, along with the development of innovative solutions to complement the overall traveling experience, have significantly improved the quality of automobiles compared to the ones developed two decades earlier. The automotive OEMs (Original Equipment Manufacturer) have introduced several advanced features that enhance the visual aesthetics and efficiencies of vehicles, among other performance indicators. Among these, the automotive steering systems are specially designed to eliminate the requirement for a pump, a drive belt, and a hose connected to the engine to use variable amounts of power. Moreover, the integration of IoT (Internet of Things) in the cars is the next big digital development in the automotive industry. Introduction of autonomous vehicles will bring another revolution in the automotive industry. EPS (Electronic Power Steering) system integrated self-driving cars/autonomous vehicles will further boost the driving experience of the driver. The quick development of connected cars offers opportunities to both the automotive industry and tech companies. Development of autonomous vehicles would promote the use of EPS in the vehicles, thereby contributing to the growth of the global automotive steering system market over the forecast period.

Report: https://www.theinsightpartners.....com/reports/automot

Volvo Defense AB; Tata Motors Ltd; Rheinmetall AG; Oshkosh Corporation; General Dynamics European Land Systems SLU –Prominent Market Participants in Military Truck Market

According to the Global Firepower ranking, the US ranks 1st out of 145 countries in terms of military strength in 2023. The country is continuously investing in upgrading its military capabilities and adopting new technology. Along with the US, other North American countries are also investing in expanding the fleet of their military vehicles. For instance, in April 2020, the government of Canada received 1,587 trucks and 322 trailers from Mack Defense as the last part of the Medium Support Vehicle System (MSVS) Standard Military Pattern (SMP) program. These new trucks were procured to replace the trucks that were in service since the 1980s.
A large number of market players, including Arquus SAS, Rheinmetall AG, TATRA TRUCKS AS, General Dynamics European Land Systems SLU, AB Volvo, and Iveco Group NV, have presence in Europe. These market players are continuously working on advancing the military trucks based on the requirement of the armed forces of different countries. For instance, in January 2023, Rheinmetall AG, in collaboration with GM Defense, received the prototype contracts from the US Army. Thus, the increasing expansion efforts by military truck vendors in Europe favor the market growth in the region.

Report: https://www.theinsightpartners.....com/reports/militar

Azimut Benetti SpA; Fr. Lurssen Werft GmbH & Co KG; Damen Shipyards Group NV; Alblasserdam Yachtbuilding BV; and Fincantieri SpA –Prominent Market Participants in Luxury Yacht Market

Yachts of at least 75 feet or above are considered luxury yachts. Based on size, they are called mega yachts or superyachts. Based on mode of operation, luxury yachts are bifurcated into sailing and motorized. Increase in disposable income of individuals across both developed and developing countries and rise in leisure and 121-250 feet activities are fueling the demand for luxury yachts. Additionally, the growing demand for luxury tourism, along with exclusive travel plans and personalized service, from high-net-worth individuals, is further propelling the demand for luxury yachts.
The rise of luxury yacht rental service providers across the globe, owing to the demand for luxury tourism, is also boosting the demand for luxury yachts. Vendors offering luxury yachts on a rental basis include Fun2 Rent, Sailogy S.A., The Mooringsand Incrediblue Limited, and Boatbound Inc. Additionally, the rise in sports activities and the adoption of the same across coastal areas for attracting tourists are expected to increase the demand for luxury sport yachts, thereby contributing to the growth of the global luxury yacht market over the forecast period.

Report: https://www.theinsightpartners.....com/reports/luxury-

KÄSSBOHRER, TRITON INTERNATIONAL LIMITED, SCHMITZ CARGOBULL, CHEETAH CHASSIS CORPORATIO. AND FLIEGL FAHRZEUGBAU GMBH ARE AMONG THE KEY MARKET PLAYERS OPERATING IN THE 40-FOOT CONTAINER CHASSIS MARKET.

The 40-foot container chassis market is generally used by intermodal equipment providers (IEP), shipping lines, and motor carriers, which involves regional and local movement of containers by trucks. Chassis is used for moving containers from loading areas to the yard, as well as to yard storage areas, at terminals. The chassis systems are strong and sturdy and protect containers from the impact of sharp and sudden movements when in transit, thereby ensuring efficient and safe transportation.
Regulatory bodies and regulations such as the Federal Motor Carrier Safety Administration (FMCSA), container safety certificate (CSC), and the International Organization for Standardization (ISO) have a strong influence on the manufacturing and sale of container chassis. In February 2021, Federal Motor Carrier Safety Administration (FMCSA) enforced its Intermodal Chassis rule that requires intermodal equipment providers (IEPs), motor carriers, and drivers to share responsibility for the safety of intermodal equipment used on highways. Further, government investments in highway and road infrastructure to enhance the quality of roads, railroads, ports, and air transport are anticipated to trigger the demand for container chassis in the coming years. An improved transportation infrastructure would boost logistics operations in the commercial and industrial sectors, thereby aiding in the secure and timely delivery of goods and services. In March 2023, the provincial government of Newfoundland and Labrador announced an investment of ~US$ 1.4 billion to enhance road and highway transportation infrastructure over the next five years. In March 2023, the UK government announced plans of investing ~US$ 43.50 (£ 4 billion in transformational transport schemes across the country over the next two years. 40-foot container chassis are used in various commercial and industrial transportation.

Report: https://www.theinsightpartners.....com/reports/40-foot

Alstom SA, Siemens Mobility GmbH, Stadler Rail AG, Hitachi Rail STS SpA, and CRRC Corp Ltd –Prominent Market Participants in Europe Hybrid and Battery-Powered Train Market

The hybrid trains utilize an energy-saving combination of alternative fuel sources, such as hydrogen fuel cells, CNG, LNG, and electric batteries. This energy-saving combination also helps in reducing environmental pollution significantly. A battery-powered train offers more flexibility, requiring no expensive infrastructure such as a third rail or overhead line. Hence, such flexibility offered by battery-powered trains can be integrated into a non-electrified rail track. Thus, hybrid and battery-powered trains can provide higher fuel efficiency and reduced operational costs compared to other trains.
As hybrid trains help to reduce carbon footprints, their demand is increasing in Europe. Also, it helps to attain climate-neutral initiatives of the government and various organizations, further fueling the Europe hybrid and battery-powered train market growth. For instance, in January 2022, Alstom, a French manufacturer, and Deutsche Bahn—a German railway company—announced their plan to start the first battery-powered passenger train in Germany. This agreement has been a major step toward Deutsche Bahn's goal of becoming climate-neutral by 2040. Various other European countries are also focusing on reducing environmental pollution through sustainable and efficient transportation. For instance, in June 2022, the European Commission planned to invest in 135 transport infrastructures under the Connecting Europe Facility (CEF). The commission allotted approximately US$ 5.68 billion to make transport more sustainable and efficient.

Report: https://www.theinsightpartners.....com/reports/europe-