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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.

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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.

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Handheld Ultrasound Market Trend, Forecast, Drivers, Restraints, Company Profiles and Key Players Analysis by 2032

The global handheld ultrasound market size was USD 207.8 Million in 2022 and is expected to register a revenue CAGR of 24.2% during the forecast period, according to the latest analysis by Emergen Research. Rapid technological advancements particularly the advent of wireless technology play a major role in driving revenue growth of the market. For instance, wireless handheld ultrasound probes offer high-quality imaging capabilities and advanced features that were previously only available in larger, cart-based ultrasound systems.

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